The
Deep Yellow Limited (ASX: DYL) share price is back where it started today after the company’s latest presentation to investors.
At the time of writing, shares in the uranium miner are trading at 68 cents each, the same price at yesterday’s close of trade. By comparison, the
Let’s take a closer look.
‘Well-positioned for growth’
In today’s presentation to investors, Deep Yellow outlined some of the reasons why it believes it is on a strong path to growth. They include:
A dual-pillar growth strategy consisting of organic and inorganic growth;
A “standout” uranium team, and;
Key achievements over the last 12 months.
Deep Yellow Limited (ASX:DYL) 31 December 2020 Half-Year Financial Report
31 December 2020 Half-Year Financial ReportPerth, Mar 5, 2021 AEST (ABN Newswire) - Deep Yellow Limited s (
Key achievements:
- Tumas PFS completed and presented to the Board in January, post-reporting period, with approval given for commencement of a Definitive Feasibility Study (DFS).
- Tumas PFS incorporated uranium resources from parts of the Tumas 1, 2 and 3 ore bodies with resource estimations redefined using a 100ppm lower cut-off applying Multiple Indicator Kriging as the estimation method.
- Infill resource upgrade drilling in support of the PFS completed at Tumas 3 with exploration focusing towards the west in the Tubas mineralised area.
Deep Yellow Limited (ASX:DYL) A$40.8M Placement Successfully Completed
OTCMKTS:DYLLF) is pleased to confirm that the placement announced on 18 February 2021 (Placement) has been successfully completed.
Accordingly, the Company has today issued 62,768,803 ordinary fully paid shares (Shares) to qualified, institutional, sophisticated and professional investors at A$0.65 per Share to raise approximately $40.8 million (before costs).
Euroz Hartleys Securities Limited and Aitken Murray Capital Partners Pty Ltd acted as Joint Lead Managers to the Placement.
Commenting on the successful Placement, Deep Yellow s Managing Director & CEO, John Borshoff said: It is worth repeating that this highly successful fundraising has put the Company in a strong financial position making us better able to execute on the multiple potentially wealth creating activities we have under consideration.
Deep Yellow Limited (ASX:DYL) Successful Placement of $40 8M to Fund Future Growth abnnewswire.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abnnewswire.net Daily Mail and Mail on Sunday newspapers.
Deep Yellow Limited (ASX:DYL) Nova JV - Barking Gecko Drilling Update
Nova JV - Barking Gecko Drilling UpdatePerth, Feb 12, 2021 AEST (ABN Newswire) - On 13 November 2020 Deep Yellow Limited (
OTCMKTS:DYLLF) announced the commencement of a targeted follow-up drilling program at the Barking Gecko prospect to test the thick uranium intersections discovered in TN236RC during the previous drilling program. The program involves 13 RC holes totalling 3,200m. The drilling commenced on 23 November 2020 and two holes were drilled before the Namibian office closed for the festive season.
Deep Yellow is pleased to advise that follow-up drilling at the Barking Gecko prospect resumed in February, post the Christmas break, and has returned highly encouraging results from the latest two holes drilled.