2 Feb 2023other● Neutral
Notice of an investor webcast and conference call on 3 February 2023 to discuss the Tumas DFS. Administrative notice with no new information.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Feb 2023resource reserve update▲ GoodMajor
Tumas DFS released, as delayed from late 2022: 4.15Mtpa plant, up to 3.6Mlb uranium a year, 22.25-year life, capex US$372M, NPV8 US$341M, IRR 19.2% at US$65/lb. That is below the earlier 2022 update (NPV US$412M, IRR 23%). Final investment decision targeted H1 2024.
31 Jan 2023director officer appointment● Neutral
Non-executive director Wayne Bramwell resigned on 31 January 2023, citing increasing executive responsibilities. He joined the board at the Vimy merger in August 2022. He held no Deep Yellow securities.
27 Jan 2023quarterly activities report● Neutral
December quarter report: Tumas DFS release still expected February 2023, with the Tumas EIA due late February and the mining licence grant dependent on a clearance certificate expected by June 2023. Omahola drilling finished. Cash A$56M.
27 Jan 2023quarterly activities report● Neutral
Appendix 5B for December quarter: cash fell from A$66.46M to A$56.23M. Operating outflow was A$3.74M and investing outflow A$6.44M, including A$2.89M merger stamp duty. No debt drawn. Related-party payments totalled A$837k.
20 Jan 2023drilling result● Neutral
A 63-hole, 4,099m aircore program at Mulga Rock East finished 8 December, supplying samples for critical-minerals metallurgical tests starting Q1 2023. A 600-800 hole program is planned for H1 2023; no assay results yet.
6 Jan 2023other● Neutral
Administrative notice of incentive issues: 66,573 shares from vested performance rights, 12,168 rights lapsed, and 247,283 rights granted to Namibian employees.
23 Dec 2022asset acquisition disposition● Neutral
The Mulga Rock royalty termination completed: 19,444,444 shares at A$0.72 issued to Resource Capital Fund VI, worth A$14M. Issued within existing placement capacity, no shareholder vote needed.
22 Dec 2022drilling result▲ Good
Omahola's 10,000m RC program finished: 77 holes for 4,529m, with three new targets identified. Best is stacked alaskites west of MS7, to get deeper drilling in Q1 2023. Resource unchanged at 125.3Mlb; Inca Far South only showed thin mineralisation.
21 Dec 2022security holder rights change● Neutral
2,306,715 Loan Shares issued to directors under the Share Plan approved at the AGM, as the annual incentive award. Borshoff received 1,428,464 at A$0.7215 each. Routine remuneration.
20 Dec 2022asset acquisition disposition▲ GoodMajor
Deep Yellow agreed to end RCF's 1.15% royalty on Mulga Rock in exchange for A$14M of new shares, about 19.4M at the A$0.72 5-day VWAP. This removes a royalty that would have applied to the critical minerals under study.
25 Nov 2022investor presentation● Neutral
Corporate presentation for the 25 November 2022 AGM. Only the cover note and disclaimers are visible; no new figures or terms are visible.
25 Nov 2022other● NeutralMajor
Tumas DFS is complete in draft, but release has slipped from end CY22 to February 2023 while the plan is optimised; results remain commercially attractive despite cost inflation. Mulga Rock revised DFS, now covering critical minerals, is due mid-2024.
31 Oct 2022quarterly activities report● Neutral
Appendix 5B for September quarter: cash rose from A$64.92M to A$66.46M, helped by A$21.3M acquired with Vimy, less A$8.0M merger fees. Operating outflow was A$4.42M. No debt drawn.
31 Oct 2022quarterly activities report● Neutral
September quarter report, the first after the Vimy merger: Tumas DFS on schedule for Q4 CY22, Omahola Phase Two at 43 holes with 30 to go, Angularli drilling done. Plant capacity raised to 4.15Mtpa and 3.6Mlb a year. Cash A$66.5M.
27 Oct 2022drilling result▲ GoodMajor
An 18-hole, 6,339m diamond program at Angularli (Alligator River, NT, from the Vimy merger) finished, with best hit 11.75m at 1.13% eU3O8 including 5.20m at 2.10%. It extended mineralisation; a resource update, now 25.9Mlb at 1.29%, is due Q1 2023.
25 Oct 2022agm notice● Neutral
Notice of AGM for 25 November 2022 at 3pm in Crawley. Resolutions include the remuneration report, election or re-election of Swaby, Meyerowitz, Bramwell and Jackson, and approval of a new Share Plan. Administrative.
21 Oct 2022drilling result▲ Good
Omahola Phase Two is under way: 43 holes (2,950m) done, 30 to go. Best shallow hits were 29m at 189ppm and 28m at 190ppm, 2km north of Inca, extending the fertile zone by 2km. Three Ongolo holes confirmed continuity; resource unchanged at 125.3Mlb.
20 Oct 2022director officer appointment● Neutral
Victoria Jackson joins as Non-Executive Director on 20 October 2022. Executive Director Steven Michael, ex-Vimy, will not seek re-election; he stays executive to 31 December 2022, then consults on Australian stakeholder management from January 2023.
3 Oct 2022agm notice● Neutral
Deep Yellow will hold its AGM on 25 November 2022, with the notice due mid-October. Director nominations closed 7 October. Administrative.
23 Sept 2022annual report● Neutral
Deep Yellow released its 2022 Annual Report for the year to 30 June 2022. The visible text restates the strategy, the Vimy merger completed 5 August and the Tumas DFS due late CY2022; no new figures are visible here.
23 Sept 2022other● Neutral
Corporate Governance Statement and Appendix 4G for the year to 30 June 2022, adopted by the board on 22 September 2022. Routine compliance filing with no new commercial information.
2 Sept 2022other● Neutral
S&P Dow Jones announced Deep Yellow will be added to the S&P/ASX 300 index from 19 September 2022. It is an index notice, not a company announcement; the text does not state any effect on the company.
18 Aug 2022other● Neutral
The sale agent sold 174,226 Deep Yellow shares, about 0.02% of issued capital, for 651 ineligible Vimy holders at about A$0.7926 each. Proceeds are due around 19 August. This closes a loose end of the merger; administrative.
9 Aug 2022investor presentation● Neutral
Updated investor presentation issued after the Vimy merger completed. The text shown contains only the cover note and disclaimers, with no new figures or terms visible.
5 Aug 2022business combination▲ GoodMajor
Deep Yellow completed its merger with Vimy on 5 August 2022, adding Mulga Rock (WA, potential 3.5Mlb a year) and Alligator to Tumas (potential 3Mlb a year). Steven Michael and Wayne Bramwell joined the board; Tumas DFS still due by end CY22.
5 Aug 2022business combination● Neutral
Vimy confirmed the Scheme was implemented on 4 August 2022: 344,343,348 new Deep Yellow shares issued at 0.294 per Vimy share, trading from 5 August. Vimy is being removed from the ASX and OTCQB; Borshoff and Swaby joined Vimy's board.
5 Aug 2022director officer appointment● Neutral
Steven Michael (Executive Director, A$420,000 a year, interim contract to 31 Dec 2022), Wayne Bramwell (Non-Executive Director) and Anthony Chamberlain (executive team) joined from Vimy's board from 4 August 2022, following the merger. Michael will lead Vimy integration.
28 July 2022quarterly activities report● Neutral
Cash fell to A$64.92M at 30 June 2022 from A$69.43M. Operating outflow was A$470k and investing outflow A$3.79M. No debt; the year-to-date figures include A$25.06M from option exercises.
28 July 2022quarterly activities report● Neutral
June quarter: Tumas DFS on schedule for Q4 2022; plant layout complete. Nova JV partners approved an FY23 budget of A$756,369, with drilling from September. Recaps the Vimy vote and Omahola results; largely repeats known announcements.