Deep Yellow is pleased to announce positive results from the early part of a 7,500m scout drilling program currently being carried out on its Nova Joint Venture project Namibia (the JV) where JOGMEC is earning a 39.5% interest. The overall drilling is designed to gain initial assessment of 10 alaskite and skarn associated basement targets and to test 3 newly identified palaeochannels that have been delineated within EPLs [...]
Deep Yellow is pleased to announce its highly encouraging maiden mineral resource estimate (MRE) for the Tumas 3 discovery which, at a 200ppm eU3O8 cut-off, comprises 23.5Mlb inferred mineral resources at a grade of 382ppm eU3O8. This deposit occurs on EPL3496, held by the Deep Yellow wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN). The MRE was undertaken using various cut-off grades using a minimum [...]
Deep Yellow is pleased to report continued encouraging drilling results from the 10,000m drilling program currently underway on EPL3496, held by DYL's wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd. Key Points - Drilling at Tumas 3 has extended uranium mineralisation over a 1.9km strike and remains open to the west and east - High drilling success rate with 128 out of 144 holes (100m by 100m spacing [...]
Deep Yellow is pleased to provide the Company's latest Investor Presentation which also includes reference to recently announced positive drilling results from Deep Yellow's 100% owned Namibian Project. Overview New management & core team in place - Revitalised investor base with greater international interest - Key alliance with the Sprott Group to support the Deep Yellow's growth Strategic review completed and A$15M [...]
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 [...]
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