Deep Yellow advises the attached letter was sent to shareholders today, 9 May 2017 in accordance with the notice requirements for the recently announced non-renounceable entitlement offer (the Offer). Through the Offer the Company is seeking to raise up to approximately $15,117,405 before expenses by issuing up to approximately 60,469,620 fully paid ordinary shares (Shares) at an issue price of $0.25 per Share on the [...]
Deep Yellow advises that it plans to undertake a non-renounceable entitlement offer to raise up to approximately $15,117,405 before costs (the Entitlement Offer). - Eligible shareholders able to subscribe for new shares priced at $0.25 per share on the basis of 7 shares for every 15 shares held - Each new share to attract a free attaching, listed DYL option with an exercise price of $0.50 and expiring on 1 June 2022 [...]
Deep Yellow is pleased to announce that it has signed a Strategic Alliance Deed with an affiliate of the Sprott Group. Sprott also retains the rights, while it holds a minimum 10% equity in DYL, to bid to place or find subscribers for future financial raisings. This further cements the general character of the strategic alliance which DYL regards as an important relationship moving forward appreciating the capacity the [...]
Deep Yellow provides the following update on its activities undertaken during the March Quarter 2017. HIGHLIGHTS - New strategy and impetus implemented across Namibian projects with positive results. - Drilling returns encouraging initial results at 100%-owned Reptile Project in Namibia. - Landmark Joint Venture Agreement secured with Japan's JOGMEC to spend AUD$4.5M on exploration over four years to earn a 39.5 [...]
Deep Yellow is pleased to report encouraging initial drilling results being returned from the first stage of a 10,000m drilling program that commenced in March 2017 on EPL3496 and EPL3497, held by DYL's wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd. Key Points - Extensive zone of continuous uranium mineralisation intersected in 60 of the first 72 holes of current drilling campaign - Mineralisation is [...]
Deep Yellow will be presenting the attached presentation to investors this week following the recent announcement of the landmark farm-in by Japan Oil, Gas and Metals National Corporation (JOGMEC) to the Nova Joint Venture in Namibia. Overview - New management & core team in place o Revitalised investor base with greater international interest o Key alliance with Sprott Group to support the company's growth ambitions [...]
Deep Yellow is pleased to advise that it has entered into a strategic earn-in agreement with Japan Oil, Gas and Metals National Corporation to participate in the Nova Joint Venture in Namibia. The NJV involves Exploration Prospecting Licence 3669 and EPL 3670, together covering approximately 600km2 west and south-west of the Langer Heinrich uranium mine (see Appendix 1 in the link below). The NJV adjoins DYL's 100% owned [...]
Deep Yellow advises that the Namibian Ministry of Mines and Energy have approved the renewal of EPL3669 and EPL3670. Application for renewal was made in August 2015 and a 2 year extension has now been granted to 20 November 2017. These tenements comprise the Nova Energy (Namibia) Pty Ltd Joint Venture in which Reptile Mineral Resources and Exploration (Pty) Ltd (wholly owned subsidiary of DYL) holds 65% (Manager), Nova [...]
Deep Yellow is pleased to provide the Company's Quarter Activities Report for the period ending 31 December 2016. HIGHLIGHTS - Post quarter end: Detailed review completed and strategic growth plan developed. - Post quarter end: 1:20 share consolidation announced to prepare Company for growth. - Activities on the Namibian projects focussing on expanding the calcrete associated uranium resource base. STRATEGIC REVIEW [...]
As foreshadowed in previous announcements, the Board of Deep Yellow is pleased to advise that a detailed review of the Company has been completed and a strategic growth plan has been developed; Executive Management will now focus its attention on execution and adding shareholder value. The first step in the plan will require that the Company complete a consolidation of the existing share capital in order to facilitate new [...]
Deep Yellow is pleased to provide the company's 2016 AGM Corporate Presentation. Highly Prospective Paleo-channels - The highest grade undeveloped calcrete resource in Namibia. - An extensive mineralised channel system in excess of 100km. - Contains a number of defined deposits - Tumas 1, 2 & 3; Tubas and Tubas Sand. Exploration Objectives - Namibia for next 8 months Objectives (EPLs 3496/97 and EPLs 3669/70 [...]
Deep Yellow is pleased to provide its September Quarter Report and Appendix 5B. HIGHLIGHTS - Post quarter-end, John Borshoff appointed MD/CEO with accompanying strategic relationship with the Sprott Group and funding commitment to raise an initial A$1.42M. - Post quarter-end, a Mineral Resource Estimate completed for the Tumas Project. -- A 12% increase in metal content at the previous average grade and cut-off [...]
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