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 [...]
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 [...]
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