Each one in plain English, with the numbers worked through for a shareholder.
17 May 2010drilling spud● Neutral
Partner Krucible has started drilling at Pilgrim (Mt Isa), a 2,000-3,000 m first-pass programme to about 70 m depth, with results expected within six weeks. Krucible is operator and can earn 80% from Deep Yellow for $400,000. Continues the mid-May plan.
29 Apr 2010drilling result▲ GoodMajor
Discovery of high-grade alaskite-hosted uranium at Tubas Alaskite, Namibia: hole ALAR13 returned 89 m at 400 ppm from 128 m, including 11 m at 710 ppm. Mineralisation runs 102 m to end of hole. More reconnaissance drilling will follow; disequilibrium results are due in 6-8 weeks.
22 Apr 2010resource reserve update▲ GoodMajor
First JORC resource for Omahola, Namibia: 29.8m t at 287 ppm for 8,583 t (18.9m lb) U3O8. Inca holds 6,366 t at 400 ppm; Tubas Red Sand 2,217 t at 160 ppm. Resolves the delayed MSA estimate; the pre-feasibility study is due in the October quarter 2010.
31 Mar 2010resource reserve update▼ Bad
MSA's first draft of the initial Inca resource estimate is delayed from 26 March to the week of 14 April 2010. No resource figure yet. Further Inca drilling results are promised at the end of April.
26 Feb 2010drilling result● Neutral
Namibian drilling: a new Inca-area hole found 5 m at 434 ppm, 800 m northeast of Inca South, and Tumas infill hit 17 m at 672 ppm. Nova JV drilling found only low-grade results (best 9 m at 182 ppm). Nine rigs are active.
19 Jan 2010drilling result▲ Good
Infill drilling between Oryx and Tumas in Namibia returned high-grade uranium, best 10.5 m at 2,034 ppm eU3O8. Rigs are moving south toward the existing Tumas resource area; completion and a JORC resource estimate depend on how many holes are needed.
14 Jan 2010resource reserve update▲ GoodMajor
First Mount Isa JORC resource from Coffey: 3.64m t at 420 ppm for 1,540 t U3O8 (300 ppm cut-off) across Isa West, Queens Gift and Slance; 2,430 t at 340 ppm at a 200 ppm cut-off. Short-to-medium target is 5,000-8,000 t.
13 Jan 2010drilling scheduled● NeutralMajor
2010 Namibian plan: finish JORC resources for Inca, Tubas Red Sand and Aussinanis, feasibility and mining licence work, and possibly sell iron oxide to Rossing mid-year. DYL says low-grade 150 ppm resources fall short of the earlier 50,000 t target, and viable grades are nearer 400 ppm.
19 Nov 2009drilling result▲ Good
Mount Isa RC drilling continues: Queens Gift found a new southern zone (38 m at 426 ppm), Slance NW hit 28 m at 1,074 ppm eU3O8, and Isa West's second phase is complete. Total 155 holes this year. Extends earlier results.
15 Oct 2009drilling result▲ Good
Mount Isa drilling continues to return wide intercepts of about 400 ppm. Queens Gift hole QGRC078 hit 'blind' mineralisation, 19 m at 1,000 ppm eU3O8 from 274 m, with underground potential. Thanksgiving and Bambino deep holes confirm continuity near 200 m depth.
16 Sept 2009drilling result▲ Good
More Inca grid results, e.g. 32 m at 624 ppm and 55 m at 502 ppm eU3O8. RC drilling in the grid should finish within 3 weeks, diamond tails a few weeks later, then JORC estimation starts. Feasibility target remains 1,000-1,500 t U3O8 a year.
3 Sept 2009drilling result▲ Good
Inca grid drilling keeps hitting wide zones, e.g. 121 m at 405 ppm eU3O8 and 50 m at 605 ppm. About 30 holes remain; slow diamond tails delay completion. Palaeochannel reconnaissance is finished. Consultant selection is due by October; target remains 8,000-10,000 t.
27 Aug 2009drilling result▲ Good
Queens Gift RC drilling confirmed and extended mineralisation, e.g. 27 m at 569 ppm U3O8, and Bambino deep holes hit 17 m at 433 ppm at about 200 m vertical depth, the target depth. A second Isa West phase starts within days.
22 July 2009drilling result▲ GoodMajor
Inca drilling is returning results above 400 ppm, the grade DYL's own modelling needs for an open pit, e.g. INCRD173 8 m at 995 ppm eU3O8. DYL's concept is about 1,000 t a year of U3O8, combining Inca and Tubas Red Sand ore, from an initial 8,000-10,000 t resource. Column leach tests gave recoveries above 80%. Consultants for the feasibility study are expected to be named in the third quarter.
21 July 2009drilling result▲ Good
Isa West Bambino and Thanksgiving RC drilling keeps returning wide medium-grade intercepts, e.g. 25 m at 532 ppm eU3O8. Also, the first Bambino diamond hole returned 17 m at 605 ppm. 81 holes are done. The Stage 1 program ends about 31 July, followed by a review.
20 July 2009drilling result▲ Good
Further palaeochannel reconnaissance results include TUMR1063 9 m at 1,171 ppm and TUMR636 13 m at 882 ppm U3O8. About 20 km of channel remains untested (was almost 50 km on 16 June). Detail resource drilling is expected to start in the third quarter.
16 June 2009drilling result▲ Good
More reconnaissance holes on the Tumas-Oryx-Tubas channel hit carnotite, e.g. TUBR697 8 m at 2,360 ppm U3O8 and TUMR450 3 m at 1,501 ppm. Almost 50 km of channel is still untested before detail drilling starts. Follows the 9 June TUMR332 result.
9 June 2009drilling result▲ GoodMajor
Reconnaissance drilling on the Tumas-Oryx palaeochannel, Namibia, hit 39 m at 1,254 ppm U3O8 in hole TUMR332, including 3 m at 13,856 ppm (1.4%) chemical assay. Mineralised holes will be drilled out on a detail grid. Extends the Tumas resource area.
28 May 2009farm in farm out agreement● Neutral
Duplicate of the joint Toro-DYL release: DYL to spend A$3.5m over 2.5 years on three Toro Namibian EPLs to earn 65%, Toro 25%, Sixzone 10%. No new substance.
28 May 2009farm in farm out agreement▲ GoodMajor
DYL, through Reptile, will spend A$3.5m over 2.5 years on Toro's three Namibian EPLs (3668, 3669, 3670) to earn 65%. Toro keeps 25%, BEE partner Sixzone 10%. Adds exploration ground near Langer Heinrich and Inca-style targets.
26 May 2009drilling result▲ Good
Isa West Thanksgiving gamma results include 55 m at 587 ppm and 3 m at 2,902 ppm eU3O8, adding to 2008 results. Nine holes drilled; mineralisation open to the north and at depth. Gamma estimates, not chemical assays.
21 May 2009drilling result▲ Good
First Inca Deeps pre-collar/diamond-tail hole INCRD155 returned 55 m at 722 ppm eU3O8 from 186 m, including 16 m at 1,938 ppm. Gamma value only, no chemical assay yet. Four more similar holes planned before deepening older holes.
19 May 2009drilling result▲ Good
Chemical assays confirm Eldorado North gamma results, e.g. 6 m at 1,950 ppm U3O8, close to earlier 2,216 ppm eU3O8. Bambino gamma logging shows extensions, e.g. 15 m at 554 ppm eU3O8. 26 holes drilled; 20 more planned at Thanksgiving and Turpentine.
29 Apr 2009drilling progress report● Neutral
At Inca, large cavities and water are causing deep RC holes to fail, so DYL will pre-collar with RC to 200 m then switch to diamond coring. This slows drilling and resource data. Hole INCR150R hit 1.48% U3O8 at 233-234 m; shallow mineralisation also confirmed.
28 Apr 2009drilling result▲ Good
2009 Isa West drilling began 21 April (7,000 m RC, 2,000 m core). First Eldorado North gamma results include 6 m at 2,216 ppm and 7 m at 1,772 ppm eU3O8, with mineralisation steeply dipping and open along strike. Gamma estimates, not chemical assays.
23 Apr 2009drilling result▲ GoodMajor
Inca Deeps discovery in Namibia: uranium at about 200 m depth, including 10 m at 7,293 ppm, 59 m at 604 ppm and 20 m at 1,734 ppm U3O8 (chemical assays). Open in all directions. Board approved an Inca scoping study; early tests suggest 90%+ recovery.
5 Mar 2009resource reserve update▲ GoodMajor
First Tumas resource: Indicated and Inferred 10.0Mt at 345 ppm U3O8, 3,450 t (7.6Mlb) at 200 ppm cut-off, 90% Indicated. Adds to Tubas 17,600 t. It missed the December 2008 target date because data checking took longer than expected.
3 Mar 2009resource reserve update▲ GoodMajor
Toro more than doubled Napperby's Inferred resource to 9.34Mt at 359 ppm, 3,351 t U3O8 (7.39Mlb), from 1,420 t in July 2008. Toro holds an option to buy 100% from DYL at a capped price per pound; a scoping study is due this month.
10 Feb 2009drilling result▲ Good
Inca drilling in Namibia returned 12 m at 2,095 ppm U3O8 (184-196 m) and 17 m at 502 ppm, chemical assays. Chemical values exceed gamma readings, a gap to be resolved. Tumas resource estimate is due shortly.
9 Feb 2009farm in farm out agreement● Neutral
Universal Resources' own release of the EPM 14367 (Spider) earn-in with DYL, same terms as DYL's announcement. Adds that a buy-out of Universal's 20% would be paid in DYL shares and cash equal to 15% of in-situ resource value. Duplicate, no new substance.
