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http://www.deepyellow.com.au/news/asx/070830_rumjungle.pdf
30 August 2007
Deep Yellow Ltd and Rum Jungle Uranium Ltd
Establish a Joint Venture on
Six Uranium Properties in the Northern Territory
The Boards of Deep Yellow Ltd. (ASX code “DYL”) and Rum Jungle Uranium Limited “Rum Jungle” are
pleased to announce they have reached agreement on commercial terms for the acquisition by Rum Jungle
of a majority interest in six DYL uranium properties located in the Alice Springs area, Northern Territory.
Essentially, the proposal provides Rum Jungle with the opportunity to acquire up to 70% of each of the
wholly owned DYL properties (as listed below).
Tenement Holder
EL 10360 100% DYL
EL 10401 100% DYL
EL 10404 100% DYL
EL 22918 100% DYL
EL 22923 100% DYL
EL 25101 100% DYL
Furthermore Rum Jungle will have the opportunity to maximise its ownership of the properties in the future
by paying for the proven in-ground resource on terms referred to below.
Finalisation of the transaction is subject to the proposed admission of Rum Jungle to the official list of the
ASX no later than 30 October 2007.
DYL will continue to have exposure to the opportunities provided by the tenements through the shareholding
in Rum Jungle. Other than through its share holding and the Joint Venture equity interest, DYL will have no
promotion or role in Rum Jungle. Rum Jungle will benefit from the acquisition and the subsequent focused
and energetic development of a portfolio of potential uranium exploration opportunities.
The principal commercial terms are as follows:
A. CONDITION PRECEDENT
In addition to normal commercial terms for this type of agreement, completion is conditional on Rum
Jungle obtaining approval for admission to the official list of the ASX.
B. CONSIDERATION
Ordinary shares as follows:
The issuance to DYL of 2,000,000 ordinary shares and 2,000,000 options to acquire ordinary shares in
Rum Jungle. The options can be exercised on or before the date which is five years from the issue
date at a price equal to the IPO issue price.
Deep Yellow Ltd and Rum Jungle Ltd
Establish a Joint Venture on
Six Uranium Properties in Northern Territory
07-60 Deep Yellow Ltd and Rum Jungle Ltd Page 2
C. OTHER RELEVANT ITEMS
1. A joint venture agreement (JVA) will be entered into on transfer of the properties from DYL to
Rum Jungle. Rum Jungle will be the Manager of that JVA.
2. Rum Jungle will become a participant in the JV with a 50% stake, however it shall be deemed to
have acquired a further 20% to move to an interest of 70%, if it sole funds expenditure for the JV
of AUD$2M within four years of the commencement date.
3. From completion Rum Jungle will pay all outgoings and maintain all the tenements and keep any
joint venture agreements in good standing. DYL will provide all the administrative and statutory
expenditure requirements necessary for this to be achieved until the transaction is completed
and ownership can be transferred.
4. Upon completion of a bankable feasibility study each party will have the right to decide whether
to participate in mining operations at the area that is the subject of the study. If one party
decides not to participate in mining operations then the other party will have the right to acquire
the relevant JVA interest for 15% of the in-ground value of the uranium as referenced (defined
by JORC Code in lbs and multiplied by the current uranium spot price per lb) in the feasibility
study. At election the consideration may be any combination of cash and shares, shares held by
either party to be limited to no more than 20% of the issued share capital of the other party at the
time.
As previously stated the DYL Board’s rationale for the divestment of these projects is to allow DYL to focus
on its advanced exploration projects in Namibia, the Mt. Isa district and other priority regional targets close to
already established DYL bases and personnel throughout Australia. In addition there will be the opportunity
for further benefit to DYL’s shareholders through the retention of a significant direct stake in each project and
a retained equity interest in Rum Jungle.
“Whilst DYL has a growing team of experienced uranium exploration personnel, the DYL Board recognises
that it makes sense for DYL to focus on its’ main priority projects and give a new company the opportunity to
focus on and aggressively advance these projects that might not otherwise get the levels of attention and
funding that they require.” Deep Yellow’s Managing Director, Dr Leon Pretorius said today.
“Given Rum Jungle’s objective of becoming a uranium explorer, DYL and its shareholders will benefit from
Rum Jungle’s focused efforts as DYL will become a significant shareholder of Rum Jungle once listed and
will remain a stakeholder in the projects going forward.”
‘We are very pleased to be entering into this transaction with DYL and look forward to welcoming DYL as a
shareholder and joint venture partner. We are now focused on finalising an IPO prospectus in readiness for
listing on the ASX”, Rum Jungle Director, Mr. David Muller, said today.
COMPANY CONTACTS:
Deep Yellow Limited Rum Jungle Uranium Ltd
Leon Pretorius 61 8 9286 6999 David Muller 61 8 8942 0385
Martin Kavanagh 61 8 9286 6999 Email: david@rumjungleuranium.com.au
Email: admin@deepyellow.com.au
http://www.deepyellow.com.au/news/asx/070809_top20.pdf
09 Aug New Issued Capital &
Top 20
Top 20 and App 3x for New Directors Page No. 1
DEEP YELLOW
LIMITED
ABN 97 006 391 948
Level 1 329 Hay Street Subiaco WA 6008
PO Box 1770 Subiaco WA 6904
Tel : 08 9286 6999
Fax : 08 9286 6969
Email: admin@deepyellow.com.au
Website: www.deepyellow.com.au
9th August 2007
The Companies Announcement Office
Australian Stock Exchange Limited
Level 10 Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Dear Sirs
NEW ISSUED CAPITAL AND TOP 20
Deep Yellow is pleased to advise that following the placement of the shortfall in the Entitlement
Issue to Paladin Resources Limited, announced earlier today, 31,673,949 ordinary fully paid
shares in the Company at 50 cents each will be downloaded into the issuer sponsored sub-register
today.
After this issue the Company will have a total of 1,108,726,958 ordinary fully paid shares on issue.
A statement setting out the top 20 largest holders of this class of security and the percentage held
is attached.
APPENDIX 3X
Attached for immediate release is an Appendix 3x ‘Initial Directors Interest Notice’ for each of the
new Directors that have consented to join the Company’s Board.
Yours faithfully
MARK PITTS
Company Secretary
07-57 Top 20 and App 3x for New Directors Page No. 2
TOP 20 LARGEST HOLDERS OF ORDINARY FULLY PAID SHARES
NAME OF SHAREHOLDER NO. OF SHARES % HELD RANK
PALADIN RESOURCES LTD 98,023,461 8.84 1
ROBERT ANTHONY HEALY 84,300,000 7.60 2
NATIONAL NOMINEES LIMITED 82,000,000 7.40 3
CITICORP NOMINEES PTY LIMITED 75,079,527 6.79 4
DR LEON EUGENE PRETORIUS 65,000,000 5.86 5
PALADIN ENERGY MINERALS NL 61,035,000 5.67 6
ANZ NOMINEES LIMITED <CASH INCOME A/C> 43,043,533 3.88 7
MR ZAC ROSSI & MRS THELMA ROSSI 38,226,586 3.45 8
GILLIAN SWABY 36,462,570 3.29 9
DOMINION MINING LIMITED 21,931,651 1.98 10
MR ROBERT ANTHONY HEALY & MRS HELEN HEALY 15,600,000 1.41 11
NATIONAL NOMINEES LIMITED 12,832,275 1.16 12
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 12,305,698 1.11 13
MANOTEL PTY LTD 9,750,000 0.88 14
MS RITA COPPA <THE EMPIRE A/C> 9,052,632 0.82 15
MRS HEATHER JOY BUCHANAN 8,362,447 0.75 16
SUPERIOR RESOURCES LTD 7,000,000 0.63 17
STRATEGIC CONSULTANTS PTY LTD 6,630,000 0.60 18
J P MORGAN NOMINEES AUSTRALIA LIMITED 5,097,920 0.46 19
WALKABOUT SUPERANNUATION FUND PTY LIMITED
WALKABOUT SUPER FUND A/C
4,333,333 0.39 20
Appendix 3X
Initial Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3X Page 1
Rule 3.19A.1
Appendix 3X
Initial Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity DEEP YELLOW LIMITED
ABN 97 006 391 948
We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent
for the director for the purposes of section 205G of the Corporations Act.
Name of Director Rudolf Brunovs
Date of appointment 8 August 2007
Part 1 - Director’s relevant interests in securities of which the director is the registered
holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Number & class of securities
NIL
Appendix 3X
Initial Director’s Interest Notice
+ See chapter 19 for defined terms.
Appendix 3X Page 2 11/3/2002
Part 2 – Director’s relevant interests in securities of which the director is not the
registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Name of holder & nature of
interest
Note: Provide details of the circumstances giving rise to
the relevant interest.
Nil
Number & class of Securities
Nil
Part 3 – Director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
No. and class of securities to
which interest relates
Appendix 3X
Initial Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3X Page 1
Rule 3.19A.1
Appendix 3X
Initial Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity DEEP YELLOW LIMITED
ABN 97 006 391 948
We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent
for the director for the purposes of section 205G of the Corporations Act.
Name of Director Tony McDonald
Date of appointment 8 August 2007
Part 1 - Director’s relevant interests in securities of which the director is the registered
holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Number & class of securities
Appendix 3X
Initial Director’s Interest Notice
+ See chapter 19 for defined terms.
Appendix 3X Page 2 11/3/2002
Part 2 – Director’s relevant interests in securities of which the director is not the
registered holder
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Name of holder & nature of
interest
Note: Provide details of the circumstances giving rise to
the relevant interest.
Company Fifty Pty Ltd
(McDonald Family A/c)
Trustee of Family Trust
(Director is a beneficiary)
Trio Investments Pty Ltd
Director – Private Investment
Company
Number & class of Securities
606,666 ordinary fully paid shares
260,000 ordinary fully paid shares
Part 3 – Director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
No. and class of securities to
which interest relates
07-58 First Results from Queens Gift Drilling
09 Aug http://www.deepyellow.com.au/news/asx/070809_queensgift.pdf
Page No. 1
DEEP YELLOW
LIMITED
ABN 97 006 391 948
Level 1 329 Hay Street Subiaco WA 6008
PO Box 1770 Subiaco WA 6904
Tel : 08 9286 6999
Fax : 08 9286 6969
Email: admin@deepyellow.com.au
Website: www.deepyellow.com.au
09 August 2007
FIRST RESULTS FROM QUEENS GIFT DRILLING
• Broad uranium intersections within Quartz – Haematite Breccia alteration zones
The Directors are pleased to announce that the assay results for the first 14 holes of an initial 39 hole RC drill
programme at its 100% owned (EPM15070) Queens Gift Prospect (as reported in the June Quarterly Report - ASX
release 25 July 2007) have confirmed the presence of broad zones of uranium mineralisation within Quartz – Haematite
Breccia altered rock.
Significant intersections include:
Hole No. Depth Interval
(m)
U3O8
(ppm)
12-14 2 1,056
34-44 10 760
DQRC_0006
Inc 38-44 6 1,121
DQRC_0009 19-25 6 489
Inc 19-22 3 763
DQRC_0010 40-44 4 537
DQRC_0013 19-25 6 1,528
Inc 19-23 4 2,227
DQRC_0014 41-44 3 1,418
69-73 4 608
A further 16 holes have been completed and the samples submitted for assay. The results from these holes will enable
Deep Yellow’s geologists to better understand the style and distribution of mineralisation and a more comprehensive
report will be published at that time. The last 9 holes in this planned round of drilling will be completed after the field
crew’s scheduled 2 week break before moving on to drilling at the Miranda Prospect (EPM14281, NW Queensland JV).
Dr Leon Pretorius
Managing Director
Further Information:
Mr Martin Kavanagh
Executive Director
(08) 9286 6999
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on
information compiled by Dr Leon Pretorius a Fellow of The Australasian Institute of Mining and Metallurgy. Dr Pretorius
has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to
the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Pretorius consents to the inclusion
in the report of the matters based on his information in the form and context in which it appears.
08 Aug Audio Broadcast
http://www.deepyellow.com.au/news/asx/070808_audio.pdf
8 August 2007
PLACEMENT OF A$15.8 MILLION ENTITLEMENT SHORTFALL TO PALADIN RESOURCES LIMITED
BOARD STRENGTHENED AND COMMITMENT TO SIGNIFICANTLY EXPANDED EXPLORATION SPEND ON URANIUM PROJECTS IN NAMIBIA AND AUSTRALIA
Deep Yellow Limited (DYL) is a leading uranium exploration company with major uranium assets showing a strong potential for resource development.
The Directors are pleased to report on the following significant developments.
Placement of Shortfall
The Directors have resolved to place the shortfall from the recently closed Non Renounceable Entitlement Issue which equated to 27% of the issue or 31,673,949 shares.
The shortfall will be placed with Paladin Resources Limited at 50 cents per share raising an additional A$15,836,975.
This additional fund raising provides DYL with cash reserves and liquid assets of approximately $70 million to fund its ambitious exploration programmes in Namibia and Australia.
$15,000,000 Exploration Budget Approved
At the Board Meeting held in Perth, Australia on 7th July 2007, the Directors approved exploration budgets totaling A$15m for the 2007/ 2008 financial year.
Board Strengthened
The above very significant increase in exploration expenditure in both Namibia and Australia has resulted in an increase in the work load and responsibilities undertaken by the Company’s Executive Directors.
The following Board changes have been made to reflect the rapid growth in the Company and to allow the Executive Directors to accelerate the exploration and development of the Company’s projects.
07-55 Shortfall Placement
Leon Pretorius has relinquished the role of Executive Chairman to assume the position of Managing Director. He and Executive Director Martin Kavanagh will now be able to focus on the management of the significant increase in exploration expenditure.
Non-Executive Director, Mervyn Greene, will assume the role of Non-Executive Chairman.
In addition the Board has appointed Tony Mc Donald and Rudolf Brunovs to join the Board as Independent Non-Executive Directors.
Tony is a lawyer and has been in private practice in Queensland for over 20 years. In the last seven years he has focused on the natural resources industry in management and as a legal advisor. Until March 2007 he was an executive director and corporate secretary of Kings Minerals NL, an ASX listed company. He is also Non-Executive Director of ASX listed Planet Gas Limited.
Rudolf is a former audit partner of the International Chartered Accounting firm Ernst & Young and practised in a number of offices in Australia and overseas. For a total period of twelve years he held the position of Managing Partner of the Parramatta NSW and subsequently the Perth office of the firm. He was a member of the Minerals and Energy division within Ernst & Young.
The Board now comprises:
Non Executive Chairman Mervyn Greene
Managing Director Leon Pretorius
Executive Director Martin Kavanagh
Non Executive Director Gillian Swaby
Non Executive Director Tony McDonald
Non Executive Director Rudolf Brunovs
In tandem with the appointment of both Tony and Rudolf the Board can now announce the formation and composition of two new committees to aid in the corporate governance of the Company.
An Audit Committee has been formed, comprising Rudolf Brunovs as Chairman; together with Gillian Swaby and Tony McDonald. In addition a Remuneration Committee has been convened to be Chaired by Tony McDonald other members being Mervyn Greene, Gillian Swaby and Rudolf Brunovs.
An appropriately strengthened Board with a broad skill base focused on managing a substantially increased exploration budget provides Shareholders with an exciting future.
In the past twelve months Deep Yellow has given a high priority to accumulating quality projects. The Directors believe that the projects in Namibia and Australia now provide an excellent basis to develop the Company into a significant participant in the Uranium supply industry.
Dr Leon Pretorius Further Information: Martin Kavanagh
Managing Director Executive Director
Deep Yellow Limited (08) 9286 6999
07-55 Shortfall Placement
07-53 Change in Directors Interest X 4 Page No. 1
http://www.deepyellow.com.au/news/asx/070730_app3y.pdf
DEEP YELLOW
LIMITED
ABN 97 006 391 948
Level 1 329 Hay Street Subiaco WA 6008
PO Box 1770 Subiaco WA 6904
Tel : 08 9286 6999
Fax : 08 9286 6969
Email: admin@deepyellow.com.au
Website: www.deepyellow.com.au
30 July 2007
The Companies Announcement Office
Australian Stock Exchange Limited
Level 10 Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Dear Sirs
CHANGE IN DIRECTOR’S INTEREST NOTICE x FOUR (4)
Please find attached a Change in Director’s Interest Notice for the Directors of Deep Yellow Limited.
Yours faithfully
MARK PITTS
Company Secretary
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 1
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity DEEP YELLOW LIMITED
ABN 97 006 391 948
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director Dr Leon Pretorius
Date of last notice 19 December 2006
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Direct or indirect interest Direct
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
N/A
Date of change 27 July 2007
No. of securities held prior to change 60,000,000 Ordinary Shares
5,000,000 options at 55.1 c exercisable
before 30.11.09
Class Ordinary Shares
Number acquired 5,000,000 ordinary shares
Number disposed NIL
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
Ordinary shares - $2,500,000
No. of securities held after change 65,000,000 Ordinary Shares
5,000,000 options at 55.1 c exercisable
before 30.11.09
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
Shares taken up in Entitlement Issue.
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 11/3/2002
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Detail of contract N/A
Nature of interest
N/A
Name of registered holder
(if issued securities)
N/A
Date of change N/A
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
N/A
Interest acquired N/A
Interest disposed N/A
Value/Consideration
Note: If consideration is non-cash, provide details and
an estimated valuation
N/A
Interest after change N/A
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 1
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity DEEP YELLOW LIMITED
ABN 97 006 391 948
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director Martin Kavanagh
Date of last notice 19 December 2006
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Direct or indirect interest Direct and Indirect
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Martin Kavanagh
Conway Bay Pty Ltd and
Conway Bay Pty Ltd ATF The Kavanagh
Superannuation Fund
Date of change 27 July 2007
No. of securities held prior to change 450,000 Ordinary Shares
3,000,000 options at 21.1c exercisable
before 31.12.08
2,000,000 options at 31.1 c exercisable
before 31.12.08
5,000,000 options at 55.1 c exercisable
before 30.11.09
Class Ordinary Shares
Number acquired 37,500 ordinary shares
Number disposed NIL
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
Ordinary shares - $18,750
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 11/3/2002
No. of securities held after change 487,500 Ordinary Shares
3,000,000 options at 21.1 c exercisable
before31.12.08
2,000,000 options at 31.1 c exercisable
before 31.12.08
5,000,000 options at 55.1 c exercisable
before 30.11.09
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
Shares taken up in Entitlement Issue.
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Detail of contract N/A
Nature of interest
N/A
Name of registered holder
(if issued securities)
N/A
Date of change N/A
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
N/A
Interest acquired N/A
Interest disposed N/A
Value/Consideration
Note: If consideration is non-cash, provide details and
an estimated valuation
N/A
Interest after change N/A
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 1
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity DEEP YELLOW LIMITED
ABN 97 006 391 948
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director GILLIAN SWABY
Date of last notice 20 June 2007
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Direct or indirect interest Direct and Indirect
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Gillian Swaby
Strategic Consultants Pty Ltd of which
G Swaby is a director and shareholder
Date of change 27 July 2007
No. of securities held prior to change 39,897,758 Ordinary Shares
3,000,000 Options exercisable at 55.1 c before
30.11.09
Class Ordinary Shares
Number acquired 3,324,812 ordinary shares
Number disposed NIL
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
$1,662,406
No. of securities held after change 43,222,570 Ordinary Shares
3,000,000 Options exercisable at 55.1 c before
30.11.09
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 11/3/2002
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
Shares taken up in Entitlement Issue
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Detail of contract N/A
Nature of interest
N/A
Name of registered holder
(if issued securities)
N/A
Date of change N/A
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
N/A
Interest acquired N/A
Interest disposed N/A
Value/Consideration
Note: If consideration is non-cash, provide details and
an estimated valuation
N/A
Interest after change N/A
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
11/3/2002 Appendix 3Y Page 1
Rule 3.19A.2
Appendix 3Y
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and
documents given to ASX become ASX’s property and may be made public.
Introduced 30/9/2001.
Name of entity DEEP YELLOW LIMITED
ABN 97 006 391 948
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the
director for the purposes of section 205G of the Corporations Act.
Name of Director Mervyn Greene
Date of last notice 22nd December 2006
Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Direct or indirect interest Direct and Indirect
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Mervyn Greene
Maitland Trustees Limited as Trustee for
The MGR Trust
Date of change 27th July, 2007
No. of securities held prior to change 3,000,000 options to acquire ordinary shares
27,600,000 ordinary shares held directly by
Mervyn Greene
41,000,000 ordinary shares held by Maitland
Trustees Limited as Trustee for the MGR
Trust (a discretionary trust of which Mervyn
Greene is one of a number of potential
beneficiaries)
Class Options exercisable at 55.1 c before 30.11.09
Ordinary Shares
Number acquired 2,300,000 ordinary shares directly
3,416,667 ordinary shares indirectly
Number disposed NIL
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation
$2,858,333 paid in cash at a value of $0.50
per share
Appendix 3Y
Change of Director’s Interest Notice
+ See chapter 19 for defined terms.
Appendix 3Y Page 2 11/3/2002
No. of securities held after change 3,000,000 options at 55.1 c exercisable
before 30.11.09
29,900,000 ordinary shares held directly by
Mervyn Greene
44,416,667 ordinary shares held by Maitland
Trustees Limited as Trustee for the MGR
Trust (a discretionary trust of which Mervyn
Greene is one of a number of potential
beneficiaries)
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back
As part of entitlement offer of 1 share for
every 12 held at a price of $0.50 per share.
Entitlement taken up in full.
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be
disclosed in this part.
Detail of contract N/A
Nature of interest
N/A
Name of registered holder
(if issued securities)
N/A
Date of change N/A
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
N/A
Interest acquired N/A
Interest disposed N/A
Value/Consideration
Note: If consideration is non-cash, provide details and
an estimated valuation
N/A
Interest after change N/A
27 Jul Entitlement Issue & Allotment
http://www.deepyellow.com.au/news/asx/070727_issue.pdf
07-52 Entitlement Issue and Allotment
Page No. 1
DEEP YELLOW
LIMITED
ABN 97 006 391 948
Level 1 329 Hay Street Subiaco WA 6008
PO Box 1770 Subiaco WA 6904
Tel : 08 9286 6999
Fax : 08 9286 6969
Email: admin@deepyellow.com.au
Website: www.deepyellow.com.au
27 July 2007
The Companies Announcement Office
Australian Stock Exchange Limited
Level 10 Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Dear Sirs
ENTITLEMENT ISSUE & ALLOTMENT
Deep Yellow is pleased to advise that following the closure of the Entitlement Issue, the Directors have today resolved to
allot and issue 53,228,125 ordinary fully paid shares at 50 cents each to raise a total of $26,614,062.
These shares will be downloaded into the issuer sponsored sub-register today, 27 July 2007.
After this issue the Company will have a total of 1,077,053,009 ordinary fully paid shares on issue.
A statement setting out the top 20 largest holders of this class of security and the percentage held is attached.
Yours faithfully
MARK PITTS
Company Secretary
07-52 Entitlement Issue and Allotment
Page No. 2
TOP 20 LARGEST HOLDERS OF ORDINARY FULLY PAID SHARES
NAME OF SHAREHOLDER NO. OF SHARES % HELD RANK
NATIONAL NOMINEES LIMITED 87,466,666 8.12 1
ROBERT ANTHONY HEALY 84,300,000 7.83 2
CITICORP NOMINEES PTY LIMITED 73,096,224 6.79 3
PALADIN RESOURCES LTD 65,049,512 6.04 4
DR LEON EUGENE PRETORIUS 65,000,000 6.03 5
PALADIN ENERGY MINERALS NL 61,035,000 5.67 6
ANZ NOMINEES LIMITED <CASH INCOME A/C> 42,702,725 3.96 7
MR ZAC ROSSI & MRS THELMA ROSSI 38,001,731 3.53 8
GILLIAN SWABY 36,462,570 3.39 9
DOMINION MINING LIMITED 21,931,651 2.04 10
MR ROBERT ANTHONY HEALY & MRS HELEN HEALY 15,600,000 1.45 11
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 10,385,932 0.96 12
MANOTEL PTY LTD 9,750,000 0.91 13
MS RITA COPPA <THE EMPIRE A/C> 9,052,632 0.84 14
MRS HEATHER JOY BUCHANAN 8,362,447 0.78 15
SUPERIOR RESOURCES LTD 7,000,000 0.65 16
NATIONAL NOMINEES LIMITED 6,799,550 0.63 17
STRATEGIC CONSULTANTS PTY LTD 6,630,000 0.62 18
J P MORGAN NOMINEES AUSTRALIA LIMITED 4,624,797 0.43 19
WALKABOUT SUPERANNUATION FUND PTY LIMITED
WALKABOUT SUPER FUND A/C
4,333,333 0.40 20
26 Jul Presentation to Australian Uranium Conference
http://www.deepyellow.com.au/news/asx/0707_presentation.pdf
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 1
Rule 5.3
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.
Name of entity
DEEP YELLOW LIMITED
ABN Quarter ended (“current quarter”)
97 006 391 948 30 JUNE 2007
Consolidated statement of cash flows
Cash flows related to operating activities Current quarter
$A’000
Year to date
(12 months)
$A’000
1.1 Receipts from product sales and related
debtors
1.2 Payments for:
(a) exploration and evaluation
(b) development
(c) production
(d) administration
(1,235)
-
-
(348)
(3,225)
-
-
(1,190)
1.3 Dividends received - -
1.4 Interest and other items of a similar nature
received
445
1,148
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Option fee income on project sale
agreements and other income
500
503
Net Operating Cash Flows
(638)
(2,764)
Cash flows related to investing activities
1.8 Payment for purchases of:
(a) tenements
(b) equity investments
(c) other fixed assets
(d) environmental and other bonds
-
-
(1,001)
(158)
(2,928)
-
(1,738)
(178)
1.9 Proceeds from sale of:
(a) tenements
(b) equity investments
(c) other fixed assets
(d) environmental and other bonds
-
871
-
-
-
871
-
177
1.10 Loans to other entities - -
1.11 Loans repaid from other entities - -
1.12 Other (provide details if material) - -
Net investing cash flows
(288)
(3,796)
1.13 Total operating and investing cash flows
(carried forward)
(926)
(6,560)
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 2
1.13 Total operating and investing cash flows
(brought forward)
(926)
(6,560)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. 1,247 16,778
1.15 Proceeds from sale of forfeited shares - -
1.16 Proceeds from borrowings - -
1.17 Repayment of borrowings - -
1.18 Dividends paid - -
1.19 Other - -
Net financing cash flows 1,247 16,778
Net increase (decrease) in cash held
321
10,218
1.20 Cash at beginning of quarter/year to date 24,108 14,211
1.21 Exchange rate adjustments to item 1.20 (278) (278)
1.22 Cash at end of quarter 24,151 24,151
Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related entities
Current quarter
$A'000
1.23 Aggregate amount of payments to the parties included in item 1.2 143
1.24 Aggregate amount of loans to the parties included in item 1.10 -
1.25 Explanation necessary for an understanding of the transactions
Directors remuneration and consultancy fees.
Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a material effect on
consolidated assets and liabilities but did not involve cash flows
$12,720,358 issued share capital comprising 21,931,651 ordinary shares issued in respect
of the acquisition of a 51% interest in the Western Gawler Project from Dominion Mining
Limited.
2.2 Details of outlays made by other entities to establish or increase their share in projects in
which the reporting entity has an interest
NIL
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 3
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available
$A’000
Amount used
$A’000
3.1 Loan facilities N/A
3.2 Credit standby arrangements N/A
Estimated cash outflows for next quarter
$A’000
4.1 Exploration and evaluation 2,500
4.2 Development -
Total 2,500
Reconciliation of cash
Reconciliation of cash at the end of the quarter (as
shown in the consolidated statement of cash flows) to
the related items in the accounts is as follows.
Current quarter
$A’000
Previous quarter
$A’000
5.1 Cash on hand and at bank 24,151 24,108
5.2 Deposits at call - -
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of quarter (item 1.22) 24,151 24,108
Changes in interests in mining tenements
Tenement
reference
Nature of
interest
(note (2))
Interest at
beginning of
quarter
Interest at
end of quarter
6.1 Interests in mining
tenements
relinquished,
reduced or lapsed
EL9890 100% 0%
6.2 Interests in mining
tenements acquired
or increased
EL23636
EL23923
EL23924
Granted
Granted
Granted
0%
0%
0%
100%
100%
100%
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 4
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
Total number Number
quoted
Issue price
per security
(see note 3)
(cents)
Amount
paid up per
security
(see note 3)
(cents)
7.1 Preference
+securities
(description)
NIL
7.2 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns of
capital, buy-backs,
redemptions
NIL
7.3 +Ordinary securities
1,023,824,884 1,023,824,884
7.4 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns of
capital, buy-backs
26,931,651
NIL
26,931,651
7.5 +Convertible debt
securities
(description)
NIL
7.6 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through securities
matured, converted
7.7 Options
(description and
conversion factor)
Unlisted options
12,500,000
3,000,000
2,000,000
16,000,000
3,500,000
3,500,000
1,500,000
1,500,000
-
-
-
-
-
-
-
-
Exercise Price
8.1 cents
21.1 cents
31.1 cents
55.1 cents
44.6 cents
59.6 cents
64.6 cents
74.6 cents
Expiry Date
31/7/2008
31/12/2008
31/12/2008
30/11/2009
31/12/2009
31/12/2010
30/06/2010
30/06/2011
7.8 Issued during quarter 1,500,000
1,500,000
-
-
64.6 cents
74.6 cents
30/06/2010
30/06/2011
7.9 Exercised during
quarter
3,000,000
2,000,000
-
-
21.1 cents
31.1 cents
31/12/2008
31/12/2008
7.10 Expired during
quarter - - - -
7.11 Debentures
(totals only)
NIL
7.12 Unsecured notes
(totals only)
NIL
Appendix 5B
Mining exploration entity quarterly report
+ See chapter 19 for defined terms.
30/9/2001 Appendix 5B Page 5
Compliance statement
1 This statement has been prepared under accounting policies which comply with
accounting standards as defined in the Corporations Act or other standards
acceptable to ASX (see note 4).
2 This statement does give a true and fair view of the matters disclosed.
25 July 2007
Sign here: ............................................................ Date: ............................
(Company secretary)
MARK PITTS
Print name: ………….............................
Notes
1 The quarterly report provides a basis for informing the market how the entity’s
activities have been financed for the past quarter and the effect on its cash position.
An entity wanting to disclose additional information is encouraged to do so, in a note
or notes attached to this report.
2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in
mining tenements acquired, exercised or lapsed during the reporting period. If the
entity is involved in a joint venture agreement and there are conditions precedent
which will change its percentage interest in a mining tenement, it should disclose the
change of percentage interest and conditions precedent in the list required for items
6.1 and 6.2.
3 Issued and quoted securities The issue price and amount paid up is not required
in items 7.1 and 7.3 for fully paid securities.
4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive
Industries and AASB 1026: Statement of Cash Flows apply to this report.
5 Accounting Standards ASX will accept, for example, the use of International
Accounting Standards for foreign entities. If the standards used do not address a
topic, the Australian standard on that topic (if any) must be complied with.
== == == == ==
07-50 June 2007 Quarterly Report Page No. 1
DEEP YELLOW
LIMITED
ABN 97 006 391 948
Level 1 329 Hay Street Subiaco WA 6008
PO Box 1770 Subiaco WA 6904
Tel : 08 9286 6999
Fax : 08 9286 6969
Email: admin@deepyellow.com.au
Website: www.deepyellow.com.au
25 July 2007
QUARTERLY REPORT
FOR THE PERIOD ENDING 30 JUNE 2007
HIGHLIGHTS
AUSTRALIA
• The commencement of targeted RC percussion drilling in the Mt Isa district is a
milestone in DYL’s strategic plan for the region. From a logistical base in Mt Isa
the Company has the resources in place to carry out both regional and detail
exploration programmes on its existing tenements and to actively seek out other
opportunities.
NAMIBIA
• Reptile Uranium Namibia (100% owned DYL subsidiary) now has a full
complement of technical and support staff (totalling 13) operating out of
Swakopmund. RC percussion drilling on both regional targets and known
resources has commenced with early results confirming the nature of the Tubas
resource discovered by Anglo American.
CORPORATE
• The one for twelve Entitlement Issue at 50c which closed on Friday 20 July
raised a total of $26,614,062. This will allow the Company to aggressively pursue
its objectives to convert the extensive historic outlined resources in Namibia to
JORC status, evaluate the advanced exploration projects in both Australia and
Namibia while continuing with its project generation activities.
• As stated in the ASX announcement dated 12 June 2007 the Entitlement Issue
was not underwritten and the Directors reserved the right to place any shortfall
shares. No decision on whether to place any of the shortfall has yet been taken.
07-50 June 2007 Quarterly Report Page No. 2
EXPLORATION ACTIVITIES
Figure 1: Australian Projects
NORTHERN TERRITORY
Napperby Project
Deep Yellow Ltd (DYL) and Toro Energy Ltd (Toro) have previously announced the farm-in
and acquisition by Toro of the Napperby Uranium Project and its associated tenements EL
24246 and EL 24606. The Napperby Project is located approximately 150 km northwest of
Alice Springs in the Northern Territory (Figure 1).
DYL and Toro announced (ASX 20 July 2007) that all pre-conditions pursuant to the farm-in
and acquisition had been completed so allowing Toro to commence exploration programmes.
The key milestones were:
1. Ministerial approval and registration under Section 173 of the Northern Territory Mining
Act;
2. Execution of the Novation Deed with Paladin Energy Minerals NL; and
3. Execution of the Deed of Assumption with the Central Land Council (“CLC”).
AUSTRALIAN PROJECTS
07-50 June 2007 Quarterly Report Page No. 3
Taking the Napperby Project Forward
A key focus for Toro during the initial stages of the option period will be resource conversion
drilling of the defined mineralised zone within the Historic Deposit Area as defined by
previous explorers (Figure 2). Within this Historic Deposit Area, DYL defined an Inferred
Mineral Resource of 1.9 million tonnes at 0.036% (360ppm) U308 for 670 tonne or 1.5 million
pounds of contained U308 in a small portion of the defined mineralised system as depicted in
Figure 2.
Figure 2: Historic Deposit Area Containing Defined Mineralised
Zone and JORC Inferred Resource Grid
Preparations for the resource definition and further exploration work are already well
advanced with drilling expected to commence in late August or early September pending
Northern Territory Government approval and site clearances.
Although significant resource definition work is still required, the Boards and Management of
both DYL and Toro are excited at the prospect of the Napperby project being advanced
toward a potentially viable economic mine, particularly given current long term uranium
prices and future industry demand projections.
Tanami – Arunta Project
During the Quarter the title to three tenements previously held by Tanami Gold NL (TGNL)
was transferred to DYL under the terms of the 2005 Agreement between DYL and TGNL.
EL’s 23636, 23923 and 23924 cover 1,290 km2 and in all cases target calcrete hosted
uranium mineralisation.
07-50 June 2007 Quarterly Report Page No. 4
Reynolds Range Project
The Reynolds Range Project comprises DYL’s ELs 23923, 23924 and 23991; TGNL’s EL
23888 and Select Resources’ EL 23655. These granted tenements are subject to two Native
Title agreements specifically for gold exploration. DYL submitted a proposal to the Central
Land Council (CLC) to carry out uranium exploration on the tenements in October 2006 and
presented its proposal for exploration and possible future mining on the Project tenements to
the Traditional Owners at three meetings convened by the CLC in June 2007. DYL has yet
to hear if its access proposal was successful.
Figure 3: Reynolds Range Project
QUEENSLAND
Mt Isa District
The June Quarter saw a ramp up of exploration activity in the Mt Isa district with programme
highlights being:
• Flying of a high resolution airborne radiometric and magnetic surveys over nine
prospect areas. The 100 m line spaced data has greatly enhanced the resolution of
uranium anomalies seen in the previous regional datasets.
• Native Title clearances were conducted by Kalkadoon representatives over the
Miranda, Queen’s Gift and Calton Hills prospects ahead of drilling.
• Geological mapping of the Queen’s Gift, Calton Hills and Miranda prospects was
completed in conjunction with ground radiometric surveys in order to delineate
anomalous areas for detail drilling.
07-50 June 2007 Quarterly Report Page No. 5
• Assay results were received during the period for composite surface samples taken at
Queen’s Gift that returned grades up to 2.86% U3O8.
• RC percussion drilling commenced at the Queen’s Gift Project on 9 July with 16 holes
for 1,003 m completed to date. This is part of an initial programme of 39 holes for
3,000 m out of a total district programme of 10,000 m. All drill holes will be logged
radiometrically by downhole probe to determine anomalous zones that will be sent for
assay. Until disequilibrium ratios are determined, eU3O8 values will not be reported.
Figure 4: Mt Isa District Tenements
Queens Gift Prospect (100% DYL)
At the Queen’s Gift Prospect (Figure 4) surface mapping and sampling has outlined a
uranium mineralised zone up to 50 m wide over 1,300 m strike with a best surface composite
rockchip sample assaying 2.86% U3O8 (ASX 22 May 2007). Previous diamond drilling by
Queensland Mines Ltd (QML) in 1969 and by Agip Nucleare Australia Pty Ltd (Agip) in 1974
was all completed above 50 m vertical depth.
Some significant intercepts include:
• QML 2 – 4.57 m at 5,840 ppm (0.584%) U3O8 from 71.63 m
• QML 3 – 6.10 m at 830 ppm (0.083%) U3O8 from 32.31 m
• Agip 1 – 21.0 m at 470 ppm (0.047%) U3O8 from 41.0 m
• Agip 2 – 4.0 m at 1,020 ppm (0.102%) U3O8 from 72.25 m
• Agip 3 – 3.0 m at 900 ppm (0.090%) U3O8 from 61.80 m
07-50 June 2007 Quarterly Report Page No. 6
Surface mapping of the mineralised zones undercut by the previous drilling indicates that in
most cases the mineralised zones are sub-vertical so simplifying the targeted drilling
programme.
Notwithstanding the above excellent drill results, field mapping in conjunction with
examination of the available historical data, indicates that the previous drilling did not
adequately test the observed surface radiometric highs or the mapped extent of the
mineralisation.
Figure 5: Queen’s Gift Metatorbernite Uranium Mineralisation
Details of the mapped surface geology and rockchip sampling have previously been
announced (ASX 19 March and 22 May).
In summary the 16 RC percussion drill holes so far completed are successfully undercutting
surface anomalous outcrops and returning downhole anomalism as anticipated. The first
batch of samples was submitted to a laboratory for chemical analysis by pressed powder
XRF method on 23 July.
Miranda Prospect (DYL can earn 100% of the uranium rights)
The Miranda Prospect was targeted in an initial RC drilling campaign by DYL during 2006.
Unfortunately the drilling programme was terminated early due to bush fires in the prospect
area.
The prospect comprises an outcrop of variably chlorite-magnetite altered, weakly pyritic
granitoid, and contains inclusions of (magnetite)-(quartz)-chlorite-schist occurring either
strongly foliated or as structurally deformed zones.
The drilling results outlined a broad zone of uranium mineralisation with a strong iron
oxide association including significant intersections of 12 m at 960 ppm U3O8 from 9 m in
hole DMRC-001 and 3 m at 730 ppm U3O8 from 43 m in hole DMRC-002. Previous drilling at
Miranda by CRAE in 1982 returned 18 m at 810 ppm U3O8 from 30 m depth and surface
rock chips collected by Matrix Metals Ltd 100 m NNE of the drill holes assayed up to 1.18%
U3O8.
07-50 June 2007 Quarterly Report Page No. 7
RC percussion drilling comprising 8 holes for 1,000 m will test the strike and depth
extensions to the mineralised zone. The recently flown low-level radiometric and magnetic
survey over the Miranda Prospect (Figure 6) has returned a number of outlying uranium
anomalies in the area which will be ‘scout drilled’. Two targets, Miranda North and Foxhole
are similar magnitude uranium anomalies to Miranda. In addition an interpreted deep
magnetic halo to the uranium mineralisation will also be drill tested in the light of the strong
iron oxide (magnetite) and pyrite association with uranium mineralisation at Miranda and
Queen’s Gift.
Figure 6: EPM 14281 – U2/ Th Ratio Image
Detail Airborne Radiometric and Magnetic Survey
Preliminary data has been received for a 5,470 line kilometre low-level airborne radiometric
and magnetic survey flown over nine selected target areas in the Mt Isa district. The 100 m
line spaced data has greatly enhanced the resolution of uranium anomalies associated
basement structures seen in the previous regional datasets. Further processing and
interpretation of the new data is underway with the objective of identifying targets for the
scout drilling programme.
Tenement Divestment
DYL has decided to divest the Company of direct management of several of its 100% owned
tenements in Queensland in order to focus specifically on Proterozoic basement hosted
uranium mineralisation on its tenements in the Mt Isa district.
The majority of the tenements have a documented exploration history including uranium
exploration which outlined anomalous results worthy of follow-up. The tenement locations are
shown in Figure 7.
07-50 June 2007 Quarterly Report Page No. 8
The divestment package comprises:
• Granted EPM’s 15072, 15494 and 15249 and Application 16008 in North West
Queensland
• Granted EPM’s 15615, 15620, 15621 and 15622 and Application 15624 in South East
Queensland
Targets include shallow secondary uranium deposits associated with younger cover
sequences to the Mt Isa Inlier basement rocks and uranium mineralisation in concealed
Tertiary channels draining ‘hot granites’ in the Croydon district.
In the case of the Durong Project in South East Queensland there is an opportunity to
explore for roll front uranium mineralisation in a buried palaeochannel setting as delineated
by a recently flown airborne electromagnetic survey carried out by DYL.
DYL is seeking a party to take over management of the tenements through a joint venture
arrangement whereby the party can earn up to 70% interest in the tenements and DYL is
free carried to a decision to mine.
Figure 7: Queensland Divestments
SOUTH AUSTRALIA
Western Gawler Project (DYL can earn 100% of the uranium rights)
Following clearance for its planned drilling programme from the Antakirinja Matu -
Yankunytjatjara Native Title Claimants in early June, DYL completed an initial pass of aircore
drilling with 102 holes for 7,214 m being drilled. These holes were sited along existing lines
of access or where natural access permitted. Hole spacing varied from 500 m to one
kilometre, with hole depths ranging from 80 to 110 m.
07-50 June 2007 Quarterly Report Page No. 9
Lithologies intersected included surficial channel sands; lignitic clays; basinal clays,
claystones and various metamorphic basement rocks. Most holes were radiometrically
logged downhole and drill cuttings scanned with a hand-held scintillometer.
All the targeted paleodrainages received some drill coverage, with the Mulgathing tributary of
the Anthony Paleochannel receiving most attention. Only low order radiometric anomalism
was detected. Some 35 drill samples have been submitted for uranium analysis. Follow-up
drilling will be carried out where prospective lithologies were found once clearance and
access is in place.
GENERAL
BlackGrange Ltd / Uranio Agreement
On 22 May 2007 the Boards of DYL and BlackGrange Ltd. (soon to be renamed Uranio
Limited “Uranio”) announced they had reached agreement on commercial terms for the
acquisition by Uranio of a majority interest in four DYL uranium properties located in Western
Australia and South Australia.
Essentially, the proposal provides Uranio with the opportunity to acquire 70% of each of the
wholly owned DYL properties and in addition to acquire an overall 70% interest in the Siccus
joint venture, 90% of which is owned by DYL (Figure 8).
While these properties are highly prospective, they were mostly acquired during DYL’s
formative stages prior to its present Board’s decision to concentrate efforts in select
exploration areas where the Company now holds large tracts of land under tenure and
exploration bases have been established.
DYL has received the first $500,000 payment in relation to this agreement and look forward
to further benefiting its shareholders once Uranio has completed its IPO, listed on the ASX
and commenced exploration on the tenements.
Figure 8: BlackGrange Ltd / Uranio Agreement Tenements
07-50 June 2007 Quarterly Report Page No. 10
NAMIBIA
DYL through its wholly owned Namibian registered subsidiary Reptile Uranium
Namibia (Pty) LTD (RUN) is actively exploring for uranium on its four 100% owned
contiguous Exclusive Prospecting Licences (EPLs) covering 2,872 square kilometre
as shown in Figure 9.
Figure 9: RUN EPLs showing surface projection of known uranium mineralisation
General
RUN has completed its recruitment drive and has successfully employed 13 technical and
support staff operating out of Swakopmund. It is pleasing that all but one of these are
Namibian citizens.
RC percussion drilling on both regional targets and known resources has commenced with
early results confirming the nature of the Tubas resource discovered by Anglo American.
07-50 June 2007 Quarterly Report Page No. 11
The Company is prohibited by the ASX rules to publish historical data generated by previous
explorers and will endeavour to convert these substantial previous uranium estimates to
comply with JORC as soon as practically possible.
Known uranium mineralisation occurs as carnotite in pedogenic calcrete and superficial
cover associated with palaeochannel development which has a depth of not more than 20 m
(Figure 10).
Figure 10: Outcropping Pedogenic Carnotite Mineralisation at Tubas
Exploration Update
Initially drilling on 50 m centres commenced along a four kilometre long N-S line as depicted
in Figure 11 which has been overlayed on the old Anglo American Tubas prospect field map.
This drilling (to basement) was carried out to better understand the morphology of the
palaeochannel and whether in fact it had properly developed anywhere. It was found that at
its deepest point it is incised to 104 m thereby enhancing the areas potential to also host
Langer Heinrich style mineralisation at depth. All the historic exploration was restricted to
near surface (within 15 m) secondary mineralisation mainly associated with sheetwash or
overbank deposits (Figure 10). The basement profile of this drill traverse will also assist
interpretation of the planned airborne electromagnetic survey data.
Upon completion of the reconnaissance drilling of these 112 holes (totalling 4,193 m) a
further 154 step out holes from this line (totalling 2,186 m) were drilled to check extent of
mineralisation previously intersected. The aerial extent of the mineralisation at Tubas is ~60
square kilometre and with increasing confidence of the controls on mineralisation the drill
pattern is being increased from 50 m to 100 and 200 m centres.
All holes are being radiometrically logged with a calibrated probe (inside the drill rods); drill
chips are isolated from other anomalous samples and checked with a hand held
spectrometer; at the Company’s Swakopmund laboratory anomalous samples are checked in
a sealed lead discriminator box and radioactivity measured; and, finally all anomalous
samples (above a nominal 100 ppm eU3O8 cut-off) are chemically assayed by powder XRF
by an external contract laboratory.
07-50 June 2007 Quarterly Report Page No. 12
Figure 11: Location of RUN Drilling on Historic Anglo American Tubas Project
This routine is being carried out to build the confidence level on uranium disequilibrium prior
to releasing equivalent U3O8 values from downhole logging on an ongoing basis. All
anomalous samples will routinely be checked by chemical assay.
To date only 289 assays have been received as reported to the ASX on 19 July. The powder
XRF results are highly encouraging ranging to 1,790 ppm U3O8 over a one metre interval.
Where intersections and drill holes coincide and duplicate percussion drilling of Anglo
American carried out in the 1970s and early 1980s the RUN assays closely replicate or
exceed the historical published information thereby lending early confidence in the historic
data.
Although the chemical data is restricted (statistically) at this point a scatter diagram to
compare uranium content as determined by Anglo vs RUN for the closest neighbouring holes
and intersections with all outliers removed indicate a variance of 1.444 (R2 of 0.6539), which
means that RUN’s uranium assay results are almost 50% higher. This is typical of what can
be expected from 1970 and 1980’s drilling where open hole percussion drilling and sampling
techniques often resulted in surface coating carnotite mineralisation being liberated and
blown out with the dust fraction, i.e. not collected and thereby reducing the contained
uranium assay values. As more data is acquired this statistical model will be better
understood and proven.
Additional drill rigs are being sought and additional personnel sourced to speed up the
conversion of the historical estimates to JORC compliant resources.
07-50 June 2007 Quarterly Report Page No. 13
Airborne Radiometric and Magnetic Survey
A 16,800 line kilometre low-level radiometric and magnetic survey is currently being
completed over the entire tenement area. The data from the survey flown on 200 m spaced
lines at a nominal height of 80 m will be merged with similar recent Government acquired
data to produce a 100 m line spaced dataset over the entire project area.
The aim of this survey is to map in greater detail any near surface radiometric anomalies and
the magnetics will be used to map potential uraniferous granitic host rocks beneath the
desert sand cover similar to the alaskites that host the Rossing uranium mine 50 km to the
north.
Figure 12: RC Percussion Drilling – Tubas Prospect
CORPORATE
The DYL Board has resolved to review its portfolio of exploration projects and to consider
divestment of ‘non-core’ assets.
The Board’s rationale for the sale of these projects is to allow DYL to focus on its advanced
exploration projects in Namibia, the Mt. Isa district and other priority regional targets close to
already established DYL bases and personnel throughout Australia. In addition DYL will
endeavour to realise an immediate return in cash terms from the projects and deploy this
cash to priority projects. Last but not least there is the opportunity to further benefit DYL’s
shareholders through the retention of a significant direct stake in each project and a retained
equity interest with the purchaser.
Deep Yellow Ltd and Uranio Ltd Establish a Joint Venture on Four Uranium Properties
in Western Australia and South Australia
During the quarter, the Boards of DYL and BlackGrange Ltd (soon to be renamed Uranio
Limited “Uranio”) announced they had reached agreement on commercial terms for the
acquisition by Uranio of a majority interest in four DYL uranium properties located in Western
Australia and South Australia.
07-50 June 2007 Quarterly Report Page No. 14
A formal agreement has been executed, finalisation of the transaction is subject to the
proposed admission of Uranio Limited to the official list of the ASX no later than 23rd
November 2007.
DYL will have no representation on the Board of Uranio, nor is it involved in the application
by Uranio for admission to the ASX. DYL
Napperby (Farm-in and acquisition by Toro Energy Ltd)
Having previously announced the farm-in and acquisition by Toro of the Napperby Uranium
Project and its associated tenements EL24246 and EL24606 under the Napperby Option
Agreement (the “Agreement”).
The Boards of DYL and Toro were pleased to announce during the quarter that all preconditions
pursuant to the Agreement taking effect have been completed.
Following completion of these conditions Deep Yellow was issued 3,066,667 Toro shares
(approximately 2% of Toro’s issued capital) as consideration for the option. The shares were
issued at a deemed issue price of $0.75 each based on a 30 day volume weighted average
on the 12th February 2007 before the Agreement was publicly announced.
Deep Yellow Ltd / Dominion Mining Ltd – Western Gawler Project
DYL during the quarter, resolved to issue 21,931,651 fully paid ordinary shares to Dominion
Mining Ltd (DOM) in order to acquire a 51% interest in the uranium rights to the Western
Gawler Tenements subject to the Western Gawler Uranium Exploration and Development
Project (the Project) Heads of Agreement between DYL and DOM (ASX 22 February, 2006).
Non-Renounceable Entitlement Issue
During the quarter, DYL announced a 1:12 non-renounceable entitlement issue at 50c per
share, to raise up to approximately A$42 million.
The issue was not underwritten and Directors reserved the right to place any shortfall.
On 25 July 2007 DYL announced that the entitlement issue had closed with 63% of the
eligible entitlement taken up.
Total acceptances received were for 53,168,025 ordinary shares raising $26,584,012.00.
A decision on whether or not to place the shortfall of 31,734,049 shares has yet to be made.
Dr Leon Pretorius Further Information: Martin Kavanagh
Executive Chairman Executive Director
Deep Yellow Limited (08) 9286 6999
The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information
compiled by Dr Leon Pretorius a Fellow of The Australasian Institute of Mining and Metallurgy. Dr Pretorius has sufficient
experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he
is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves’. Dr Pretorius consents to the inclusion in the report of the matters
based on his information in the form and context in which it appears.
07-49 Entitlement Issue Closed Page No. 1
DEEP YELLOW
LIMITED
ABN 97 006 391 948
Level 1 329 Hay Street Subiaco WA 6008
PO Box 1770 Subiaco WA 6904
Tel : 08 9286 6999
Fax : 08 9286 6969
Email: admin@deepyellow.com.au
Website: www.deepyellow.com.au
25 July 2007
The Companies Announcement Office
Australian Stock Exchange Limited
Level 10 Exchange Centre
20 Bond Street
SYDNEY NSW 2000
Dear Sirs
ENTITLEMENT ISSUE CLOSED
The Directors are pleased to advise that on 20 July 2007 the Company’s Non Renounceable Entitlement Issue closed
with 63% of the eligible entitlement taken up.
The Company has received total acceptances for shares to be issued under the Entitlement Issue of 53,228,125 ordinary
shares at an issue price of 50 cents per share raising $26,614,062.
The Directors are very pleased with the level of support received from all shareholders. The Issue was not underwritten
and Directors are considering placement of the shortfall totaling 31,673,949 ordinary shares.
The allotment, issue and dispatch of shares will now take place on Friday 27 July 2007.
Yours faithfully
MARK PITTS
Company Secretary
Joint ASX Release 20 July 2007 http://www.deepyellow.com.au/news/asx/070720_napperby.pdf
Napperby Option Agreement
All Legal Pre-Conditions Completed – Work to Commence on Resource Definition Drilling
Deep Yellow Ltd (“Deep Yellow”, ASX code “DYL”) and Toro Energy Ltd (“Toro”, ASX code “TOE”) have previously announced the farm-in and acquisition by Toro of the Napperby Uranium Project and its associated tenements EL24246 and EL24606 under the Napperby Option Agreement (the “Agreement”). The Napperby Project is located approximately 150km North West of Alice Springs in the Northern Territory (Figure 1).
Figure 1: Digital Terrain Model of the Napperby Region
Deep Yellow and Toro are pleased to announce that all pre-conditions pursuant to the Agreement taking effect have been completed. The key milestones completed were:
(1)
Ministerial approval and registration under Section 173 of the Northern Territory Mining Act;
(2)
execution of the Novation Deed with Paladin Energy Minerals NL; and
(3)
execution of the Deed of Assumption with the Central Land Council (“CLC”).
On completion of these conditions Deep Yellow was issued 3,066,667 Toro shares (approximately 2% of Toro’s issued capital) as consideration for the option. The shares were issued at a deemed issue price of $0.75 each based on a 30 day volume weighted average on the 12th February 2007 before the Agreement was publically announced.
The full commercial terms of the Agreement were outlined in the Joint ASX Release on the 15th February 2007, but essentially the agreement allows Toro a 3 year option period, starting today, to acquire 100% of the Napperby project under a defined cost formula. This is based on the in-ground JORC (2004) Resource within the Historic Deposit Area (or, if not fully converted, 13.2 million pounds U308 will be assumed) and valued on a per pound basis at 8% of the spot uranium price that is capped and collared at A$6/lb and A$4.50/lb respectively. At current uranium prices circa US$130/lb (A$150/lb) U308 the acquisition cost is effectively capped at A$6/lb U308.
Taking the Napperby Project Forward
A key focus for Toro during the initial stages of the option period will be resource conversion drilling of the defined mineralised zone within the Historic Deposit Area as defined by previous explorers (Figure 2). Within this Historic Deposit Area, DYL have defined an Inferred Mineral Resource of 1.9 million tonnes at 0.036% (360ppm) U308 for 670 tonnes or 1.5 million pounds of contained U308 in a small portion of the defined mineralised system as depicted in Figure 2.
Figure 2: Historic Deposit Area containing defined mineralised zone and JORC Inferred Resource Grid
Preparations for the resource definition and further exploration work are already well advanced with drilling expected to commence in late August or early September pending Northern Territory Government approval and site clearances.
Other activities planned in the second half of this year and into 2008 include:
•
airborne geophysical surveys, including magnetic and radiometric surveys in September and trial electro-magnetic surveys in July, that will better resolve the geology and improve drill targeting;
•
the submission of a revised Mine Management Plan under Toro’s name with the Department of Primary Industry, Fisheries and Mines, incorporating future exploration and drilling proposals;
•
ongoing meetings with various stakeholders such as the CLC, local communities and Alice Springs Council to establish good lines of communication; and
•
preparations for a high level scoping study into the potential mine development options and associated infrastructure requirements.
Although significant resource definition work is still required, the Boards and Management of both Deep Yellow and Toro are excited at the prospect of the Napperby project being advanced toward a potentially viable economic mine, particularly given current long term prices and future industry demand projections.
MEDIA CONTACT:
Deep Yellow Toro Energy
Leon Pretorius 08 9286 6999 Greg Hall 08 8362 6677
Martin Kavanagh 08 9286 6999 Simon Mitchell 08 8362 6677
Email: admin@deepyellow.com.au Email: info@toroenergy.com.au
The information in this announcement that relates to Mineral Resources is based on information compiled by Mr. Malcolm Titley who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr. Titley is a Director and Principal Consultant of FinOre Mining Consultants. Mr Titley has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Titley consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.
The information in this report that relates to Exploration Results is based on data compiled by Mr Geoffrey Gee a Member of the Australian Institute of Geoscientists. Mr Gee is a full time employee of Deep Yellow Limited. Mr Gee has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Gee consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
DYL.AX Deep Yellow Limited Mt ISA Exploration Update
Also trades on pinksheets DYLLF.PK
http://www.deepyellow.com.au/news/asx/070713_mtisaexploration.pdf
DEEP YELLOW
LIMITED
Tel : 08 9286 6999
Fax : 08 9286 6969
Email: admin@deepyellow.com.au
Website: www.deepyellow.com.au
13 July 2007
UPDATE - MT ISA EXPLORATION
• The Directors of Deep Yellow Limited (DYL) are pleased to announce that RC
percussion drilling commenced yesterday at the Queen’s Gift Prospect in the Mt Isa
district.
Mt Isa District Drill Programme
Yesterday DYL commenced a 10,000 m RC percussion drill campaign in the Mt Isa district. The
initial programme comprises:
• Queen’s Gift Prospect - 3,000 m in 40 holes with hole depths ranging from 35 to 130 m.
• Calton Hills Prospect - 1,000 m in 10 holes with hole depths ranging from 35 to 130 m.
• Miranda / Foxhole Prospects* - 2,000 m in 20 holes depths ranging from 50 to 150 m.
* Drilling on EPM 14281 (NW Queensland JV with Matrix Metals Ltd)
All drill holes will be logged radiometrically by downhole probe to determine anomalous zones that
will be sent for assay. Until disequilibrium ratios are determined, eU3O8 values will not be
released.
A recently flown low-level radiometric and magnetic survey (see below) has returned a number of
other anomalies within 100% owned tenements which will be ‘scout drilled’ prior to follow-up infill
and deeper drilling within the main prospect areas.
Queens Gift Prospect
At the Queen’s Gift Prospect surface mapping and sampling has outlined a uranium mineralised
zone up to 50 m wide over 1,300 m strike with a best surface composite rockchip sample assaying
2.86% U3O8 (ASX 22 May 2007). Previous diamond drilling by Queensland Mines Ltd (QML) in
1969 and by Agip Nucleare Australia Pty Ltd (Agip) in 1974 was all above 50 m vertical depth.
Some significant intercepts include:
• QML 2 – 4.57 m at 5,840 ppm (0.584%) U3O8 from 71.63 m
• QML 3 – 6.10 m at 830 ppm (0.083%) U3O8 from 32.31 m
• Agip 1 – 21.0 m at 470 ppm (0.047%) U3O8 from 41.00 m
• Agip 2 – 4.00 m at 1,020 ppm (0.102%) U3O8 from 72.25 m
• Agip 3 – 3.00 m at 900 ppm (0.090%) U3O8 from 61.80 m
Surface mapping of the mineralised zones undercut by the previous drilling indicates that in most
cases the mineralised zones are sub-vertical so simplifying the targeted drilling programme.
Update – Mt Isa Exploration
07-45 Page No. 2
Notwithstanding the above excellent drill results, field mapping in conjunction with examination of
the available historical data, indicates that the previous drilling did not adequately test the observed
surface radiometric highs or the mapped extent of the mineralisation.
Figure 1. Queen’s Gift Metatorbernite uranium mineralistion
Calton Hills Prospect
The Calton Hills Prospect covers a prominent airborne uranium radiometric anomaly 3 km to the
north of the Watta and Warwai Uranium prospects (held by Summit Resources). The deposit
consists of a low hill composed of massive ironstone faulted against clean well-developed
quartzites. Previous surface sampling by DYL returned rockchip assays up to 3,300 ppm U3O8.
The ironstone outcrop is best developed to the east where a large blanket of ironstone scree and
rubbly subcrop extends to the north and east of the access road where it disappears under cover.
The highly prospective Calton Hills airborne radiometric anomaly has a greater intensity and aerial
extent than the drill proven Watta prospect and has potential for strike continuity under shallow
cover to the northeast of the prospect. Fault repetitions of the anomaly have the potential to occur
in the northwest.
Update – Mt Isa Exploration
07-45 Page No. 3
Miranda Prospect - EPM 14281 – NW Queensland JV
The Miranda Prospect was targeted in an initial RC drilling campaign by DYL during 2006.
Unfortunately the drilling programme was terminated early due to bush fires in the prospect area.
The prospect comprises an outcrop of variably chlorite-magnetite altered, weakly pyritic granitoid,
and contains inclusions of (magnetite)-(quartz)-chlorite-schist occurring either strongly foliated or
as structurally deformed zones.
Previous assay and drilling results outlined a broad zone of uranium mineralisation with a strong
iron oxide association including significant intersections of 12 m at 960 ppm U3O8 from 9 m in hole
DMRC-001 and 3 m at 730 ppm U3O8 from 43 m in hole DMRC-002. Previous drilling at Miranda
by CRAE in 1982 returned 18 m at 810 ppm U3O8 from 30 m depth and surface rock chips
collected by Matrix Metals Ltd 100 m NNE of the drill holes assayed up to 1.18% U3O8.
RC percussion drilling comprising 8 holes for 1,000 m will test the strike and depth extensions to
the mineralised zone. The recently flown low-level radiometric and magnetic survey over the
Miranda Prospect has returned a number of outlying uranium anomalies in the area which will be
‘scout drilled’. Two targets, Miranda North and Foxhole are similar magnitude uranium anomalies
to Miranda. In addition an interpreted deep magnetic halo to the uranium mineralisation will also be
drill tested in the light of the strong iron oxide (magnetite) and pyrite association with uranium
mineralisation at Miranda and Queen’s Gift.
Detail Airborne Radiometric and Magnetic Survey
Preliminary data has been received for a 5,470 line kilometre low-level airborne radiometric and
magnetic survey flown over nine selected target areas in the Mt Isa district. The 100 m line spaced
data has greatly enhanced the resolution of uranium anomalies associated with basement
structures seen in the previous regional datasets. Further processing and interpretation of the new
data is underway with the objective of identifying targets for the scout drilling programme.
The commencement of targeted RC percussion drilling in the Mt Isa district is a milestone in
DYL’s strategic plan for the region. From a logistical base in Mt Isa the Company has the
resources in place to carry out both regional and detail exploration programmes on its
existing tenements and to actively seek out other opportunities.
Dr Leon Pretorius Further Information: Martin Kavanagh
Executive Chairman Executive Director
Deep Yellow Limited (08) 9286 6999
The information in this report that relates to Exploration Results is based on information compiled by Mr Rudy Vooys,
who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Vooys is an independent geological
consultant employed by Ravex Pty Ltd and has sufficient experience which is relevant to the style of mineralisation and
type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as
defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
Reserves’. Mr Vooys consents to the inclusion in the report of the matters based on his information in the form and
context in which it appears.
Namibia update and audio broadcast today.
http://www.deepyellow.com.au/news/asx/070705_namibia.pdf
http://www.deepyellow.com.au/news/asx/070705_audio.pdf
Trading halt over PDF file
http://www.deepyellow.com.au/news/asx/070629_release.pdf
Western Gawler Project Drilling Update
http://www.deepyellow.com.au/news/asx/070626_gawler.pdf
Two more PDF files, the insiders do get a sweet deal with there options (IMO)
http://www.deepyellow.com.au/news/asx/070620_app3b.pdf
Second PDF file is Change of directors interest notice (gillian swaby)
http://www.deepyellow.com.au/news/asx/070620_app3y.pdf
Deep Yellow Limited news DLY.AX
Grant of additional Namibian tenement
http://www.deepyellow.com.au/news/asx/070615_namibia.pdf
Spot uranium now $120
http://www.stockinterview.com/News/05052007/Record-Uranium-Spot-Price.html?section=news&action=d...
This upward rise in uranium will keep business going strong for deep yellow and any pullback in share price is a great buying chance.The news of cigar lake being a 3 year shutdown is a boom for the industry.(IMO)
This is great news for deep yellow,(IMO) It will add greaty to the bottom line.
All uranium restrictions removed
April 28, 2007 01:00pm
Article from: The Advertiser
PRIME Minister John Howard today promised to remove all excessive restrictions on mining, processing and exporting of Australian uranium as a possible step to embarking on domestic nuclear power generation.
Mr Howard said expert advice to the government clearly showed Australia was giving up a major economic opportunity as a result of the excessive barriers on uranium mining and export.
He said a key theme of that advice was that Australia should do what it could to expand uranium exports and remove unnecessary barriers that were impeding efficient operation and growth of the industry.
"In light of the significance of global climate change and as the world's largest holder of uranium reserves, Australia has a clear responsibility to develop its uranium resources in a sustainable way – irrespective of whether or not we end up using nuclear power," he said in a statement.
Mr Howard said nuclear energy was a fact of life and a key source of clean energy in 30 countries across Europe, Asia and North America.
It already supplied 15 per cent of the world's electricity and was set to grow.
"I am announcing today a new strategy for the future development of uranium mining and nuclear power in Australia," he said.
"The government will implement this strategy to increase uranium exports and to prepare for a possible expansion of the nuclear industry in Australia."
Mr Howard said the government's strategy would involve some immediate steps.
The government will move to remove unnecessary constraints on expansion of uranium mining, such as overlapping and cumbersome regulations relating to the mining and transport of uranium ore.
It will also make a firm commitment to Australia's participation in the Generation IV advanced nuclear reactor research program.
Mr Howard said the government would develop an appropriate nuclear energy regulatory regime including measures to govern any future potential nuclear energy facilities in Australia.
The government will also move to lift skills and technical training to address for a possible expanded nuclear energy industry and embark on enhanced research and development.
It will also embark on an information campaign to explain to the nation what needs to be done and why.
Mr Howard said relevant ministers and their departments were to start this work immediately and to report to Cabinet by around September.
Work plans are to be implemented in 2008, he said.
"The government's next step will be to repeal commonwealth legislation prohibiting nuclear activities, including the relevant provisions of the Environmental Protection and Biodiversity Conservation Act 1999. This will be addressed soon," he said.
"My government's strategy is in response to the findings of three major recent reports and inquiries into the complex issues relating to uranium mining and nuclear power."
Mr Howard said Australia had 36 per cent of the world's low cost uranium reserves.
"Policies or political platforms that seek to constrain the development of a safe and reliable Australian uranium industry – and which rule out the possibility of climate-friendly nuclear energy – are not really serious about addressing climate change in a practical way that does not strangle the Australian economy," he said.
http://www.news.com.au/adelaidenow/story/0,22606,21636028-5006301,00.html
http://www.pm.gov.au/media/Release/2007/Media_Release24284.cfm
http://www.news.com.au/story/0,23599,21636662-1702,00.html
Wellcome to Deep Yellow Limited, A fast growing company with many projects ongoing and trades on the AUX and Pinksheets.PDN has continued to buy shares in DYL and growth is exploding.(IMO) Buy in soon because the 3 mine limit law is comming down in aussi-land and the world can`t meet demand for yellow-cake.
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