Deep Yellow Ltd. advises that the Phase 2 follow-up RC drill program at the Barking Gecko North prospect involving ten holes for 2,272m, was completed on 18 March 2022. See Figure 1*. HIGHLIGHTS - Follow-up Phase 2 RC drill program completed at Barking Gecko North involving 10 holes and 2,272m - All holes were mineralised returning greater than 100ppm eU3O8 over 1m - Best intersections include: o TN271RC - 16m at 156ppm [...]
Deep Yellow Ltd. and Vimy Resources Ltd. are pleased to announce that they have entered into a Scheme Implementation Deed, under which the two companies propose to merge by way of a recommended court-approved scheme of arrangement between Vimy and its shareholders. HIGHLIGHTS - Deep Yellow and Vimy have agreed to a merger by a Scheme of Arrangement, under which Deep Yellow will acquire 100% of the Vimy Shares on issue [...]
Deep Yellow Ltd.'s Activities for the six-month period to 31 December 2021 involved continuing the advancement of the Tumas Definitive Feasibility Study together with the Company's Namibian exploration projects, and continued M&A efforts. Key achievements: - Infill resource upgrade drilling program completed on Tumas 3 and 1 East deposits, with a total of 1,473 holes for 24,942m . - Measured and Indicated Mineral Resource [...]
Deep Yellow Ltd. announce the commencement of follow-up drilling at the Omahola Project in Namibia. - Omahola Project is an exciting exploration growth opportunity and currently comprises the Ongolo, MS7 and Inca basement related uranium deposits - An extensive associated prospective zone is also being delineated and, in combination with the under-evaluated Omahola deposits. provides a significant target for the Company [...]
Deep Yellow Ltd. is pleased to provide an update on the Tumas Definitive Feasibility Study . Importantly, the DFS is progressing as planned, with key workstreams completed to date delivering excellent results improving on some key inputs and generally confirming the assumptions outlined in the very positive Tumas Pre-Feasibility Study completed in January 2021. The first phase of DFS work, consisting of Ore Reserve [...]
Deep Yellow Ltd. provide the quarterly activities report for the period ending 31 December 2021. HIGHLIGHTS - Tumas Definitive Feasibility Study continued to be advanced and remains on schedule for completion in the 2022 December quarter Delivery of major ore reserve upgrade resulted in an increase of 121% to 68.4Mlb at 345ppm on 150ppm cut-off. o Impressive Ore Reserve upgrade represented a critical milestone to achieve [...]
Deep Yellow Ltd. is pleased to announce that the Phase 2 follow-up drill program at the Barking Gecko North prospect was initiated on 18 November 2021, through the commencement of the program's first diamond drill hole TN270DDT. This hole was successfully completed on 15 December reaching a depth of 266m. The Barking Gecko prospect is part of the Nova Joint Venture located within EPL 3369 in Namibia . Japan Oil, Gas and [...]
Since late 2016, current management of Deep Yellow Ltd. have focused on the progression of a dual-pillar growth strategy involving organic growth of the Company's Namibian project portfolio and inorganic growth through targeted merger and acquisitions, to establish a global, multi-platform 5-10Mlb per annum, low-cost, tier one uranium producer. The Company has experienced excellent growth particularly through the organic [...]
Deep Yellow Ltd. is pleased to release its 2021 Sustainability Report. The Company is focused on creating long-term value for our shareholders, stakeholders and the communities in which we operate. A key component to successfully achieving this goal is also through the efficient, effective and ongoing implementation of environmental, social and governance pillars. The Company was proud to receive the Australia-Africa [...]
Deep Yellow Ltd. is pleased to announce it has further strengthened its board with the appointment of highly experienced executive Mr Gregory Meyerowitz to the Board as a non-executive director. His appointment is effective 1 December 2021. Mr Meyerowitz is a chartered accountant with 35 years' experience in the professional services industry and commerce. Mr Meyerowitz was a Senior Partner at international accounting [...]
Deep Yellow Ltd. references its announcement dated 19 November 2021 and its proposal to acquire Vimy Resources Ltd. by a scheme of arrangement, which lapsed after limited engagement from the Board of Vimy. Deep Yellow is pleased to provide the following background for shareholders in respect of the Company's approach to Vimy. Deep Yellow believes it is in a unique position to de-risk the Mulga Rock project for all Vimy [...]
Deep Yellow Ltd. confirms that it has attempted to engage with the Board of Vimy on several occasions since 17 September 2021, to merge the companies by way of a scheme of arrangement . The material details of the latest Proposal were an offer price of 30.25c based on a proposed merger ratio of 1 ordinary fully paid Deep Yellow share for every 3.74 Vimy ordinary fully paid shares, representing a 10% premium to the [...]
