31 Mar 2022investor presentation● Neutral
Vimy's release of the joint merger investor presentation, with a Vimy cover page. Visible text is cover material and disclaimers; no new figures. Re-release of a known presentation.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 Mar 2022business combination▲ GoodMajor
Deep Yellow agreed a Scheme to acquire all of Vimy, offering 0.294 DYL shares per Vimy share (28.5c implied, 18.8% premium). DYL holders would own 53% of the merged group. This follows the lapsed November 2021 proposal and adds Vimy's Mulga Rock project.
29 Mar 2022listing compliance notice● Neutral
At Deep Yellow's request, ASX suspended trading from 30 March 2022 pending an announcement on a control transaction with a third party, following a trading halt on 28 March. Sets up the Vimy deal announced days later.
15 Mar 2022half year report● Neutral
Cover letter for the half-year report to 31 December 2021. Visible text recaps known items: Tumas reserve 68.4Mlb, Omahola upgrade to 125.3Mlb, Barking Gecko Phase 1. Financial figures are not visible in the text provided.
11 Mar 2022security holder rights change● Neutral
160,091 shares issued on conversion of unlisted employee performance rights. Routine administrative notice with a small effect on share count.
9 Mar 2022investor presentation● Neutral
Corporate presentation for the Euroz Hartleys Rottnest Island conference. Visible text is a title page and disclaimers; no new results or figures shown.
8 Mar 2022drilling scheduled▲ Good
Follow-up drilling at Omahola began 7 March: a two-stage, 10,000m RC program following the late-2021 shallow drilling. Phase 1 is 39 holes for 4,900m, finishing by end April, with the full program expected done by June.
4 Mar 2022other● Neutral
S&P Dow Jones index rebalance notice listing changes across ASX indices. Deep Yellow is added to the All Ordinaries effective 21 March 2022. A passive index change, not a company event.
10 Feb 2022investor presentation● Neutral
Corporate presentation for the Bell Potter Unearthed conference. Visible text is a title page and disclaimers; no new results or figures shown.
3 Feb 2022resource reserve update▲ GoodMajor
Tumas DFS update: testwork confirms 93.8% recovery, and using the updated 68.4Mlb reserve, mine life rises to 25.75 years from 11.5. Post-tax NPV8.6 rises to US$412M from US$207M, IRR to 23% from 21%. Debt-funder and customer talks begin; DFS still due late 2022.
18 Jan 2022drilling result▲ GoodMajor
Barking Gecko North diamond hole TN270DDT hit 118m at 352ppm over eight intersections, including 9m at 954ppm. This extends the Phase 1 results (TN258RC 70m at 503ppm). Ten more RC holes (~2,500m) start 24 January, results expected early/mid-March.
4 Jan 2022admin correction● Neutral
Amended director interest notices replace those lodged 6 December 2021, correcting an unlisted option expiry date. Shown for Justin Reid and Mervyn Greene, each receiving 26,455 nil-cost options approved at the AGM. Administrative correction only.
4 Jan 2022director officer appointment● Neutral
Rudolf Brunovs retired as a director effective 31 December 2021, as previously flagged. Greg Meyerowitz takes over as Audit Committee chair. Routine completion of the planned board changes.
22 Dec 2021drilling result▲ GoodMajor
Omahola shallow drilling finished on 14 December: 220 holes, 7,426m, with 47% of holes above 50ppm. 34 holes (15%) exceeded 100ppm over 1m. Three priority targets are identified for follow-up drilling; Tumas DFS remains the main focus.
21 Dec 2021security holder rights change● Neutral
57,471 shares issued on conversion of the same number of unlisted options. Routine administrative notice with negligible effect on share count.
10 Dec 2021security holder rights change● Neutral
Annual incentive issue following AGM approval: 348,728 shares from vested rights, 71,468 performance rights, 186,243 unlisted director options and 5,359,529 Loan Shares. Routine share-plan issue that slightly increases the share count.
8 Dec 2021annual report● Neutral
Release of the 2021 Sustainability Report covering the year to 30 June 2021, following an ESG award for the 2020 report. It covers safety, environment and community matters, including Tumas environmental studies. Routine reporting with no new financial or resource figures.
29 Nov 2021investor presentation● Neutral
Corporate presentation released for the 29 November 2021 AGM. The visible text is a title page and disclaimers, with no new results or figures shown.
25 Nov 2021director officer appointment● NeutralMajor
Greg Meyerowitz, a former Ernst & Young senior partner, joins the board as non-executive director from 1 December 2021. Christophe Urtel retires at the 29 November AGM and Rudolf Brunovs on 31 December. This delivers the board changes flagged in May; Meyerowitz will chair the Audit Committee.
23 Nov 2021business combination● Neutral
Deep Yellow follows up its lapsed Vimy proposal with background for shareholders. It argues a merger would reduce Mulga Rock's funding and development risk, creating a group of about A$670M market value with A$95M cash. It says the board is open to engaging Vimy later. No new offer is made.
19 Nov 2021business combination▼ BadMajor
Deep Yellow says its binding scheme proposal to merge with Vimy Resources has lapsed. The last offer, on 15 November, was 1 DYL share per 3.74 Vimy shares (30.25c, a 10% premium). Vimy is pursuing a strategic review instead. Deep Yellow says it remains open to acquisitions.
19 Nov 2021business combination▼ Bad
Vimy rejects Deep Yellow's proposal as unsolicited, with a low 10% premium. It says the offer required a binding deal within 72 hours with no due diligence and a break fee of about A$3M. Vimy says it would have given Vimy holders about 43% of the combined company. Vimy continues its strategic review.
4 Nov 2021resource reserve update▲ GoodMajor
Omahola's old resource (45Mlb at 420ppm, JORC 2004) is restated under JORC 2012 at a lower 100ppm cut-off: 125.3Mlb at 190ppm. At a 150ppm cut-off it is 82.9Mlb at 269ppm. This is a reporting and cut-off change from a data review; no new drilling is included.
3 Nov 2021admin correction● Neutral
Re-release of the September quarterly report with added cross-references to earlier announcements and an expanded competent person statement. No new results or figures.
22 Oct 2021asset acquisition disposition▲ GoodMajor
Option agreement for HyIron to buy the non-core Shiyela iron ore project (ML176) after a 12-month exclusivity period costing US$100k. Sale price is US$3M to US$5M depending on the iron ore price. This follows the earlier open thread to find a Shiyela partner.
19 Oct 2021drilling result▲ Good
Nova JV Barking Gecko North Phase 1 finished: 14 holes, 3,561m, 13 hit uranium. TN258RC was extended to 271m and now has 70m at 503ppm. Mineralisation looks limited to about 700m by 200m; Phase 2 (3,500m) is planned by early 2022.
18 Oct 2021security holder rights change● Neutral
Reminder to option holders that the 50c DYLO options expire 29 October 2021, with trading ending 25 October. Shares closed at A$1.145 on 14 October, above the exercise price. No change to terms.
8 Oct 2021admin correction● Neutral
Re-release of the 7 October Omahola announcement with an expanded competent person reference and additional JORC disclosure. No new results or figures.
7 Oct 2021drilling spud▲ GoodMajor
A 7,100m, 200-hole shallow RC drilling program started 5 October at Omahola, the basement uranium project with an existing 45.1Mlb resource at 420ppm. It targets new mineralisation outside known deposits; Tumas DFS remains the priority.
5 Oct 2021resource reserve update▲ GoodMajor
Tumas Probable Ore Reserve rises 121% to 68.4Mlb at 345ppm (89.8Mt), from the 31.0Mlb in the February PFS. This supports a 20-plus-year mine life at about 2.8Mlb a year, resolving the DFS goal set earlier; DFS still due late 2022.