Each one in plain English, with the numbers worked through for a shareholder.
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.
26 Oct 2021quarterly activities report● Neutral
September quarter report restates the 68.4Mlb Ore Reserve, 98.7Mlb Measured and Indicated resource and A$52.3M cash. Post quarter, Omahola drilling started and Barking Gecko Phase 1 finished. DFS remains on track for completion in the December quarter 2022.
26 Oct 2021quarterly activities report● Neutral
September quarter cash flow: cash ended at A$52.4M... precisely A$52.35M, from A$52.45M. Operating outflow A$670k, exploration spend A$2.3M, offset by A$2.8M of option exercise proceeds. No debt shown.
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.
29 Sept 2021security holder rights change● Neutral
Covering letter sending option holders their exercise notices for the listed 50c options (DYLO), which expire 29 October 2021. Trading ends 25 October. Shares closed at A$1.145... no: A$0.995 on 27 September; DYLO last traded at A$0.49. Repeats the earlier 28 September notice.
28 Sept 2021security holder rights change▲ GoodMajor
The listed options' acceleration trigger was reached on 27 September 2021, with shares above 78c for 20 days. Holders of about 51M options at 50c must exercise by 29 October or they lapse. Exercise could raise about A$25M (inference from earlier figures).
24 Sept 2021annual report● Neutral
2021 Annual Report with audited accounts for the year to 30 June 2021. Visible text restates the Tumas DFS, the acquisition strategy and the board list, which is unchanged. Financial figures are not visible in the extract.
24 Sept 2021other● Neutral
Corporate Governance Statement and Appendix 4G for the year to 30 June 2021, adopted by the board on 24 September. Routine compliance filing with no new operational or financial information.
22 Sept 2021other● Neutral
Administrative reminder asking shareholders and option holders to give email addresses for online communications, citing Australia Post delays. No operational or financial substance.
15 Sept 2021security holder rights change● Neutral
Reminder of listed option terms: 50c exercise price, expiry 1 June 2022. If shares trade above 78c for 20 consecutive trading days, holders get 22 business days to exercise or lose them. No change to terms; also gives an EFT payment account.
14 Sept 2021investor presentation● Neutral
Corporate presentation for the HC Wainwright investment conference, 13-15 September 2021. Visible text shows only the title slide and disclaimers; no new results or figures are evident.
2 Sept 2021resource reserve update▲ GoodMajor
Tumas 1 East gets a maiden Indicated resource of 19.6Mlb at 245ppm (28.8Mlb total with Inferred). Measured and Indicated at Tumas 1, 1E, 2 and 3 rises to 98.7Mlb from 52.6Mlb. Company says this supports the 20-year-plus mine life target in the DFS.
19 Aug 2021drilling result▲ Good
Tumas DFS resource drilling is complete: Tumas 1 East had 556 holes (6,982m), 70% above 100ppm, best 5m at 1,016ppm. The whole program drilled 1,473 holes (24,942m) since February. Tumas 1 East resource update is expected end of August.
