News Articles for Deep Yellow

Our board moves wrap includes Humphrey Hale, Chris Salisbury, Rudolf Brunovs, and Amber Banfield.

Chris Salisbury has joined budding uranium miner Deep Yellow as chairman, eight months after stepping down as boss of Rio Tinto's iron ore business.

Deep Yellow's captivating Barking Gecko discovery in Namibia continues to grow with recent drilling showing the hard-rock uranium ore system continues at depth. Drilling across the prospect area has returned a quiver of mineralised intercepts, including 14 metres at 404 parts per million uranium oxide which included 4m at 1,067 ppm uranium oxide from 81m metres down-hole.

Boss Energy has become the third Perth-based uranium company to undertake a major capital raising this year, tapping into improving sentiment for the commodity.

Perth-based Deep Yellow has secured $40.8 million from investors to progress the development of a uranium project in Namibia.

Deep Yellow has banked a massive $40.8 million after adding several domestic and international financial institutions to the uranium developer's registry. The company also received strong support from its existing institutional shareholder base with the placement set to finance the ongoing exploration and development efforts in Namibia and provide funding pipeline for any acquisition opportunities that might arise.

Deep Yellow has been recognised by OTC Markets as one of the premier performers on its OTCQX platform. The aspiring uranium producer made OTCQX's Top 50 listing, which acknowledges the company's annual share price performance and its commitment to international regulatory and compliance standards. Deep Yellow continues to develop the Tumas uranium project in Namibia with its PFS for the project set to be delivered in the coming weeks.

Deep Yellow is continuing to extend the boundaries of its uranium find in Namibia as it charges towards the delivery of a feasibility study over the proposed mining centre at Tumas. Shallow drilling over the Tubas deposits, which are located 10km west of Tumas, has returned a wealth of uranium mineralisation including an intercept of 4m at 442 eppm uranium oxide from 4m.

Deep Yellow is launching back into uranium exploration at its Nova joint venture in Namibia with 13 reverse circulation holes planned across its 4km long Barking Gecko prospect. The drill program is designed to confirm bedrock mineralisation similar in nature to the nearby tier one Rossing mine.

Deep Yellow has completed drilling over its Tumas 3 uranium deposit in Namibia, ticking off yet another box as it charges toward the completion of its pre-feasibility study in south-west Africa. The company has completed 53 drill holes over the target which exceeding expectations returning results of up to 515 eppm uranium oxide.

Deep Yellow is reaping the benefits of its evolving development program in Namibia, with infill drilling yielding a continuing stream of solid intercepts including the highest ever recorded assay from Tumas 3, which tipped the scales at a screaming 5,820 eppm uranium oxide. The program will form part of the company's pre-feasibility study over the project which is scheduled to be delivered before the close of 2020.

Aspiring uranium developer, Deep Yellow, has mobilised its drilling fleet in Namibia to produce samples for ongoing test work. Deep Yellow's drills will complete 90 holes through the Tumas resource area to collect over a tonne of samples for metallurgical testing and technical analysis as part of its ongoing PFS program.

Deep Yellow has teamed up with engineering heavy-weight Ausenco to oversee the latter half of the company's Pre-Feasibility Study in Namibia. Ausenco will work closely with the company providing specialist process design, engineering, equipment lists and capital estimates as the company fast-tracks the development of its Tumas uranium deposits.

Uranium exploration is undergoing a resurgence as the world grapples with the challenge of feeding a seemingly unending appetite for energy. Against this backdrop, ASX-listed Deep Yellow is sitting on a veritable powerhouse of potentially stored nuclear energy across its portfolio of Namibian uranium projects. The latest drilling results from its Nova JV point to what could be the addition of another significantly mineralised system.

In a remarkable move, Deep Yellow has managed to convert nearly 100 per cent of one of its world-class uranium resources at the Tumas 3 deposit in Namibia from “inferred” to the higher confidence, “indicated” category, upgrading just over 24 million pounds of eU3O8 grading 313 parts per million. The uranium developer said that the global Tumas 3 mineral resource now stands at 36.8Mlb grading 328ppm eU3O8.

Uranium developer, Deep Yellow, is backing its view that the uranium price is on the move, with significant metallurgical test work at its Namibian uranium play showing positive results that should provide a boost to the project pre-feasibility study. Deep Yellow has deep pockets too, with around $13M in the bank as at the end of Q1.

Australis Oil & Gas is taking action to preserve cash reserves through a number of cost-reduction measures as it deals with the current low oil price and impacts of COVID-19.

With the world crying out for non-fossil fuels and the uranium supply and demand curves predicted to cross over soon, Deep Yellow is sitting on a veritable powerhouse of uranium assets in Namibia that are moving rapidly towards being production ready ahead of an expected uranium price hike. In recent drilling at the Tumas 3 deposit, 85% of drill holes returned a result greater than 100ppm eU3O8 over 1m.

Our weekly appointment wrap includes Scott Jones, Terry Waldron, Reg Howard-Smith, David Buckingham, Philip Mirams, Colin Pavlovich, Ken Michael, Lee Broomhall, Kelly Howlett, Tim Youe, Joshua Byrne, David Templeman, Anne Banks-McAllister, Peter Snowsill, Martin Hirsch, Michael Winlo, Charles Fear, Patrick Beilby, Biljana Radulovic, Hector West, Matthew Seabrook, Arash Kalani, Simon Pigliardo, Kathy Reid, Melissa Joyce, Nada Raphael, Fredrick Riebeling, Gina Nofal, and Nicola Jansen.

Assorted minor corporate finance deals not covered in the previous week's articles.

Uranium explorer Deep Yellow and Rare earths hopeful Pensana Metals have raised $9 million and $5 million, respectively, as the two companies seek to advance their projects in Africa.

Six listed companies based in Perth have announced funding deals worth a combined $36.9 million, with the largest being a $20.6 million capital raising by gold explorer Orecorp.

Paladin Energy has offloaded its entire shareholding in Deep Yellow, taking advantage of a share price spike after the uranium miner's former managing director John Borshoff joined the junior explorer.

SPECIAL REPORT: The median base pay of newly appointed chief executives at listed Perth companies fell this year to $295,000, a survey by Business News has found.

SPECIAL REPORT: Gold Road Resources could be the next gold junior to make it into the mid tier after its recent moves on the Gruyere project.

Former Paladin Energy boss John Borshoff has emerged as chief executive of another local uranium-focused company, Deep Yellow.

Former Gindalbie Metals boss Tim Netscher has joined the board of uranium miner Toro Energy as a non-executive director, replacing chair Fiona Harris, who is retiring for personal reasons.

Melbourne-based gold miner St Barbara has announced plans to appoint former Gindalbie Metals managing director Tim Netscher as chairman, as part of its ongoing board renewal.

Namibian-focused uranium explorer Deep Yellow has completed a $6.5 million placement to Africa-based specialist mining fund Laurium LP.

Mid-cap exploration companies Rey Resources, Deep Yellow and Arafura Resources have announced capital raisings worth a collective $34 million to fund works at their respective projects.

Toro Energy has decided not to exercise an option to acquire Deep Yellow's Napperby uranium project in the Northern Territory, saying the $57 million price tag is too high.

Uranium play Deep Yellow could potentially enter into an offtake agreement with the Rio Tinto-backed Rossing Uranium to supply iron from its INCA deposit to the Namibian uranium operation.

Subiaco-based Deep Yellow will team up with Toro Energy to explore uranium tenements in Namibia.

Subiaco-based Deep Yellow has saved over 50 per cent on the purchase of three Mt Isa uranium tenements from collapsed company Matrix Metals.

Uranium miner Paladin Energy Ltd has spent $11 million increasing its stake in Subiaco-based Deep Yellow Ltd through an on-market purchase.

Deep Yellow Ltd has struck a deal with Xstrata Group subsidiary, Mount Isa Mines Ltd, whereby Deep Yellow can ultimately acquire 100 per cent of the uranium rights to six Xstrata-held tenements.

Subiaco-based uranium miner Deep Yellow Ltd plans to dual list 100 per cent of its issued ordinary capital on the Namibian Stock Exchange on January 23.

Northern Territory-based Rum Jungle Uranium Ltd will acquire up to 70 per cent of six uranium properties owned by Subiaco-based Deep Yellow Ltd in the Alice Springs area, the companies have announced.

Subiaco-based uranium explorer Deep Yellow Ltd will offload its Napperby uranium project in the Northern Territory to South Australian uranium hopeful Toro Energy Ltd for around $2.3 million and a share issue, the company announced today.

Subiaco-based uranium exploration company Deep Yellow Ltd was the most actively traded stock on the ASX today, announcing its plan to raise $15.6 million through a non-renounceable entitlements issue.