Deep Yellow Ltd.

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 [...]

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 [...]