Deep Yellow Board and Executive Appointments
Perth, Aug 5, 2022 AEST (ABN Newswire) - Deep Yellow Limited (
ASX:DYL) (JMI:FRA) (DYLLF:OTCMKTS) is pleased to confirm the following appointments to the Company effective from 4 August 2022:
- Steven Michael (Executive Director);
- Wayne Bramwell (Non-Executive Director); and
- Anthony Chamberlain (member of the executive team).
Steven Michael, Wayne Bramwell and Anthony Chamberlain join the Company from the board of Vimy Resources Limited (Vimy), following implementation of the scheme of arrangement between Vimy and Vimy's shareholders on 4 August 2022.
Steven Michael is joining as Executive Director with a focus on Australian operations, and he will initially be responsible for the full integration of the Vimy business and employees, including focusing on relationships with key stakeholders.
About Deep Yellow Limited
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is successfully progressing a dual-pillar growth strategy to establish a globally diversified, Tier-1 uranium company to produce 10+Mlb p.a.
The Company's portfolio contains the largest uranium resource base of any ASX-listed company and its projects provide geographic and development diversity. Deep Yellow is the only ASX company with two advanced projects - flagship Tumas, Namibia (Final Investment Decision expected in 1H/CY24) and MRP, Western Australia (advancing through revised DFS), both located in Tier-1 uranium jurisdictions.
Deep Yellow is well-positioned for further growth through development of its highly prospective exploration portfolio - ARP, Northern Territory and Omahola, Namibia with ongoing M&A focused on high-quality assets should opportunities arise that best fit the Company's strategy.
Led by a best-in-class team, who are proven uranium mine builders and operators, the Company is advancing its growth strategy at a time when the need for nuclear energy is becoming the only viable option in the mid-to-long term to provide baseload power supply and achieve zero emission targets.
Importantly, Deep Yellow is on track to becoming a reliable and long-term uranium producer, able to provide production optionality, security of supply and geographic diversity.
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