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Deep Yellow Limited (ASX:DYL) Appoints New Chairman for Next Phase of Growth
Appoints New Chairman for Next Phase of GrowthPerth, May 12, 2021 AEST (ABN Newswire) - Deep Yellow Limited (
OTCMKTS:DYLLF) is pleased to announce the appointment of highly experienced executive Mr Chris Salisbury to the Board, replacing Mr Rudolf Brunovs.
Mr Brunovs will remain on the Board as a Non-Executive Director and will retain Chair of the Audit Committee. The Company would like to thank Mr Brunovs for his time as Chairman.
Mr Salisbury is a metallurgical engineer who brings more than 30 years of mining, strategy and operational experience across a diverse range of commodities. Mr Salisbury has extensive uranium experience having worked in the industry in both Australia and Namibia, through senior roles for the Rio Tinto Group. From 2004-2008, Mr Salisbury worked for Energy Resources of Australia (ERA) which operated the Ranger Mine located in the Northern Territory and during that ti
What’s with the Deep Yellow (ASX:DYL) share price today?
Aaron Teboneras | May 12, 2021 4:12pm |
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At the time of writing, the uranium miner’s shares are trading at 84 cents, down 4.5%.
Deep Yellow sets eyes for next phase of growth
Investors are selling Deep Yellow shares following the company’s change on its board.
According to its release, Deep Yellow advised that it has selected Mr Chris Salisbury as the new chair of the board. This will see Mr Rudolf Brunovs depart, but retain his title as non-executive director and chair of the Audit Committee.
Mr Salisbury brings a wealth of knowledge to the company, having served more than 30 years in the mining industry. His experience spans over strategy and operations, particularly in the uranium sector.
Deep Yellow Limited (ASX:DYL) Appoints Head of Business Development
OTCMKTS:DYLLF) is pleased to announce the appointment of Andrew Mirco as the Company s Head of Business Development.
Mr Mirco is an experienced corporate finance and business development executive, with a successful and proven background in financing, M&A, and risk management. Through his time at Paladin Energy Limited he worked closely with the current Deep Yellow management and technical team, and will bring the extensive uranium experience and knowledge gained during this time to this role.
Mr Mirco spent over ten years at Paladin (2008-18) holding senior roles in both Treasury and Corporate Development. He played an integral part in the inorganic growth of Paladin in the latter years, leading to execution of M&A opportunities and asset sales. In addition, Mr Mirco led the project debt financing for Paladin s mine developments.
Deep Yellow Limited (ASX:DYL) Positive Resource-Upgrade Drilling Results for DFS
OTCMKTS:DYLLF) is pleased to announce completion of the first phase of the Tumas RC infill drilling program (ASX announcement 11 February 2021) at the Tumas 3 East deposit, located on EPL3496 (Figure 1 ). The Project is held by Deep Yellow through its wholly owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN).
The Tumas 3 uranium mineralisation is of the calcrete-type, located within an extensive, mainly east-west trending, palaeochannel system. Uranium mineralisation occurs in association with calcium carbonate precipitations (calcrete) in sediment filled palaeovalleys.
The mineralisation at Tumas 3 (comprising Tumas 3 Central, Tumas 3 West and Tumas 3 East) occurs as a discrete mineralised deposit, occurring separately from the other uranium deposits within this fertile palaeochannel system, namely Tumas 1 (which also includes Tumas 1 East) and 2 in addition to Tubas Red Sand/Calcret