Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is pleased to announce that further to the announcement on 4 June 2019, settlement of the $9 million placement has taken place. The Placement was very well received, with demand exceeding the funds the Company sought to raise through the Placement.
Deep Yellow Limited
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) (Namibian Stock Exchange:DYL) is a specialist differentiated uranium company implementing a new 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. The Company's cornerstone suite of projects in Namibia is situated within a top-ranked African mining destination in a jurisdiction that has a long, well regarded history of safely and effectively developing and regulating its considerable uranium mining industry.
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) provides the latest Company's presentation.
The Directors of Deep Yellow Limited ABN 97 006 391 948 (ASX:DYL) (OTCMKTS:DYLLF) are pleased to announce that the Company has received commitments from qualified, institutional, sophisticated and professional investors to raise approximately $9 million (before costs) through the issue of 29,032,258 fully paid ordinary shares in the Company at an issue price of $0.31 per Share.
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is pleased to advise it has appointed New York-based investor relations firm, Columbus Circle Corporate Relations to represent the Company in North America. CCC has a combined experience of more than 50 years in this line of business and has strong ties to the investment, banking and media sectors internationally.
In March Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) announced an updated Mineral Resource Estimate for Tumas 1&2, Tumas 1 East and Tumas 3 West which has resulted in the combined Measured, Indicated and Inferred Mineral Resource Estimate over these deposits increasing to 67.4Mlb grading 352ppm eU3O8.
Deep Yellow Limited (ASX:DYL) is pleased to advise that Japan Oil, Gas and Metals National Corporation (JOGMEC), who are sole funding the Nova Joint Venture (Nova JV) in Namibia, have approved a program and budget of $1.05M over the next 12 months.
Deep Yellow Limited (ASX:DYL) (FRA:JMI) (OTCMKTS:DYLLF) is pleased to report encouraging drilling results on EPL3497 where new continuous mineralisation has been identified in the Tumas 1 East palaeochannel area along Tributary 5.
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is pleased to announce an updated Mineral Resource Estimate for the Tumas 1, 2 and 3 deposits which, at a 200ppm eU3O8 cut-off now contains 67.4Mlb of Measured, Indicated and Inferred Mineral Resources at 352ppm eU3O8. This represents an increase of 51% from the MRE announced to the ASX on 11 July 2018.
The Directors of Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) submit herewith the financial report of the Company and its subsidiaries for the half-year ended 31 December 2018.
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) advises that the final 3,000m leg of the 12,000m FY19 RC drilling program commenced 4 March 2019 on the Reptile Project within EPLs 3496 and 3497 and held by its wholly-owned subsidiary Reptile Uranium Namibia (Pty) Ltd.