Deep Yellow Ltd. is pleased to announce that it has, together with its wholly-owned subsidiary Narnoo Mining Pty Ltd , entered into a binding agreement with Resource Capital Fund VI L.P. to terminate the Minerals Royalty Deed , which was entered into by RCF with Narnoo in 2015 . Under the Royalty Deed, RCF was entitled to receive a 1.15% royalty on all ore, concentrates and other products extracted from the Mulga Rock [...]
Deep Yellow Ltd. is pleased to provide an update on the progress of the Tumas Definitive Feasibility Study status and the evaluation work undertaken on Mulga Rock Project since the merger with Vimy Resources Ltd. occurred on 5 August 2022. Tumas DFS The Tumas DFS has been completed, and the draft of the study document is under internal review by management and Board . The preliminary results indicate the Tumas Project [...]
Deep Yellow Ltd. is pleased to provide an update on key activities completed in the September quarter. HIGHLIGHTS - The merger with Vimy Resources Ltd. completed - creating one of the world's largest diversified pure play uranium companies - Tumas Project Definitive Feasibility Study remains on schedule for completion in Q4 CY22 - Mulga Rock Project - Completing technical integration. Review underway to maximise Project [...]
Deep Yellow Ltd. is pleased to announce the completion of an 18-hole, 6,339m diamond drilling program at the Angularli deposit , which forms part of the Alligator River Project . This program, which commenced in late June 2022, has successfully extended Angularli and identified further mineralised fault corridors nearby to the current Mineral Resource, which totals 25.9Mlb at 1.29 % U3O8, at a cut-off grade of 1,500ppm [...]
Deep Yellow Ltd. is pleased to announce further strengthening of its Board with the appointment of experienced resources and energy executive Ms Victoria Jackson as a Non-Executive Director. Ms Jackson is an excellent addition to the Deep Yellow Board and brings over 35 years' experience specialising in executive management, leadership and strategy. During her career, Ms Jackson held senior leadership roles for the WA [...]
Since the appointment of John Borshoff as CEO and Managing Director of Deep Yellow Ltd. in October 2016, the Company set a new direction built around a unique, counter-cyclical strategy focused on organic and inorganic growth to deliver 5-10Mlb annually with a low cost, multi-project global uranium platform. Organic growth will be delivered through exploration and development of the Company's Namibian project portfolio [...]
Today marks the first day Deep Yellow Ltd. is operating as a significantly larger uranium company, following the successful merger with Vimy Resources Ltd. announced on 31 March 2022. The transaction, announced on 31 March 2022, combines two advanced, geographically diverse uranium projects, with a combined project portfolio placing Deep Yellow in a unique position as one of the few uranium companies globally with [...]
Deep Yellow Ltd. is pleased to confirm the following appointments to the Company effective from 4 August 2022: - Steven Michael ; - Wayne Bramwell ; and - Anthony Chamberlain . Steven Michael, Wayne Bramwell and Anthony Chamberlain join the Company from the board of Vimy Resources Ltd. , following implementation of the scheme of arrangement between Vimy and Vimy's shareholders on 4 August 2022. Steven Michael is joining [...]
Deep Yellow Ltd. is pleased to provide an update on key activities completed in the June quarter. TUMAS DFS STATUS The month of June saw the Project Team reach a significant milestone with completion of the plant layout as the basis of the DFS. Delivery of this milestone now allows the team to generate material take-offs for concrete and structural steel, which will be used for the in-country request for quotation [...]
Deep Yellow Ltd. is pleased to provide an update on its followup RC drilling program at the Omahola Project , which lies adjacent to the Tumas Project *. Omahola comprises the Ongolo, MS7 and Inca basement-related deposits and is located on EPL 3496, held by Deep Yellow through its wholly owned subsidiary Reptile Uranium Namibia Ltd. Uranium Mineral Resources at a 100ppm U3O8 cut-off at Omahola include a Measured [...]
Deep Yellow Ltd. is pleased to announce it has agreed to extend the current 12-month option existing on the Exclusivity Agreement with HyIron Green Technologies Ltd in relation to the Shiyela Iron Ore Project in Namibia. HyIron will exercise its final option for an additional six months which will take the decision point to purchase out to no later than March 2023. As previously announced, , Deep Yellow entered into an [...]
Deep Yellow Ltd.'s Tumas Definitive Feasibility Study is firmly on track, improving on Pre-Feasibility Study assumptions and on schedule for completion in the 2022 December quarter. Follow-up basement drilling at Omahola has commenced, with program testing three highly prospective targets and extending the prospective zone . The company has a strong cash balance of $69.4M. Corporate - Deep Yellow and [...]
