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 [...]
Uranium developer Deep Yellow, Limited is pleased to announce an upgrade of the Mineral Resource Estimate from JORC to JORC for the Omahola Project, which includes the Ongolo, MS7 and Inca deposits, located in EPL3496 in Namibia. The deposits are held by Deep Yellow through its wholly owned subsidiary Reptile Uranium Namibia Ltd . HIGHLIGHTS - Exploration has commenced to unlock further value at the Omahola Project , a [...]
Deep Yellow Ltd. notes that it released its September Quarter Activities Report on 26 October 2021 summarising a number of significant achievements during the quarter. The Activities Report included, among other things, a reference to: - significant increases to Measured and Indicated mineral resources at Tumas 1, 2 & 3 and 1 East and in addition to the sizeable increase to the Tumas Probable Ore Reserve estimate [...]
The Tumas Project Definitive Feasibility Study is progressing well, with continued economic evaluation to determine the viability of mining the calcrete-associated uranium deposits located within the Tumas palaeochannel in the Deep Yellow Ltd. 100% owned Reptile Project , located in Namibia. A Mining Licence Application was lodged for the Tumas Project on 21 July 2021, accepted as MLA 237. The DFS is targeting a minimum [...]
Deep Yellow Ltd. is pleased to announce an option agreement for the sale of shares in Shiyela Iron Ltd which holds the Shiyela Iron Ore Project . The parties involved include Deep Yellow's Namibian subsidiary, Reptile Uranium Namibia Ltd and Oponona Investments Limited , each holding 95% and 5% respectively of the shares in Shiyela Iron Limited. Reptile and Oponona have entered into an Exclusivity Agreement with HyIron [...]
Deep Yellow Ltd. is pleased to announce that the 14 hole, 3,561m Phase 1 follow-up drilling program at the Barking Gecko North prospect , commencing on 12 July 2021, was completed 6 October. The Barking Gecko prospect is part of the Nova Joint Venture located within EPL 3369 in Namibia . HIGHLIGHTS - Phase 1 follow-up drilling on Nova Joint Venture involving 14 holes for 3,561m successfully completed at Barking Gecko [...]
Deep Yellow Ltd. advises that on 7 October 2021 it released an announcement to the market noting that as a result of a review of existing exploration data management believe that there is significant upside for the additional discovery of additional mineral resources. The announcement made reference to previous exploration work carried out by the Company in 2012/13 and to the existing JORC Mineral Resource estimate for [...]
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. - Tumas DFS resource upgrade drilling completed, now enabling consideration of [...]
Uranium developer Deep Yellow Ltd. is pleased to announce a significant milestone successfully delivering an impressive 121% increase to the updated Ore Reserve Estimate for the Tumas Project on EPL3496 and 3497. Deep Yellow completed a successful Pre-Feasibility Study on the Tumas Project and commenced the Definitive Feasibility Study as announced to ASX on 10 February 2021. The deposits, held 100% by Deep Yellow through [...]
Deep Yellow Ltd. is a differentiated, advanced uranium exploration company, in pre-development phase, implementing a contrarian strategy to grow shareholder wealth. This strategy is founded upon growing the existing uranium resources across the Company's uranium projects in Namibia and the pursuit of accretive, counter-cyclical acquisitions to build a global, geographically diverse asset portfolio. A Pre-Feasibility Study [...]
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