DYL
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Company News
Western Australia poised for uranium mining revival as political support grows
Just days after Federal Liberal party leader Peter Dutton came out in hard-hitting support of nuclear power, his Western Australian counterpart has backed a return to uranium mining in her state. Opposition leader Libby Mettam has confirmed that uranium miners would be able to proceed through the same environmental approvals as other minerals if she […]
Australian uranium shares surge on news of Kazatomprom production shortfall
Local uranium shares soared on Friday after news broke that Kazatomprom, the world’s largest exporter of the nuclear fuel, will likely miss potential production targets for 2024 by a fifth due to construction delays and problems obtaining sulphuric acid. Kazatomprom’s woes sent Australian uranium shares rising and traders will be looking for another jump in […]
Uranium price breaches US$60 a pound as demand outstrips supply
It’s getting harder by the day to ignore the uranium revival as the price breaches the US$60 level with stockpiles shrinking and demand comfortably outstripping supply. If it was any other commodity the price would almost certainly be a lot higher as would the share prices of the small band of Australian mining companies prepared […]
Nuclear power gains traction as clean energy option
Once considered a major threat to the environment, the use of nuclear energy is gaining a growing international following with nations around the globe as part of the answer to their future clean energy equations. With the world racing to meet climate neutrality by 2050 at the latest, numerous countries and regions are revisiting nuclear […]
Deep Yellow identifies three new priority targets at Omahola uranium project
While Tumas remains the focus, Deep Yellow (ASX: DYL) is aspiring to unlock further uranium potential across its Namibian tenements, with three new priority targets identified at its Omahola project. Omahola occurs within the Alaskite Alley corridor, which hosts major uranium deposits – Rossing, Husab, Etango and Valencia. Combined, more than 800 million pounds of […]
Enlarged Deep Yellow sets out to transform Mulga Rock to multi-commodity project
Having bedded down its merger with fellow uranium play Vimy Resources, Namibia-oriented Deep Yellow (ASX: DYL) is undertaking a review to maximise value at its recently acquired Mulga Rock project in Western Australia. The merger with Vimy was completed on 4 August, which gave Deep Yellow Mulga Rock. A detailed review of Mulga Rock is […]
New $658m uranium major emerges as Deep Yellow ties the knot with Vimy Resources
After advanced uranium explorer Deep Yellow (ASX: DYL) made a takeover bid and was knocked back last year, Vimy Resources (ASX: VMY) has found common ground with Deep Yellow, which paves the way for a $658 million merger of their Australian and Namibia projects. Deep Yellow is to acquire 100% of Vimy under a scheme […]
Deep Yellow kicks off two-stage drilling campaign at Omahola uranium project
Advanced explorer Deep Yellow (ASX: DYL) has commenced a two-stage, 10,000-metre drilling program at the Omahola project in Namibia to follow-up positive results from a shallow campaign completed last year. Phase one of the program kicked off this week and will comprise 39 holes for a total 4,900m, with focus areas and drill hole locations […]
Deep Yellow confirms improved project economics from Tumas definitive feasibility study
Uranium explorer Deep Yellow (ASX: DYL) has confirmed the definitive feasibility study (DFS) for its flagship Tumas project in Namibia is on track and improving on pre-feasibility assumptions. Key workstreams completed to date have delivered stronger results than some of the key inputs to the positive pre-feasibility study completed in January last year. The project’s […]
Deep Yellow’s Tumas definitive feasibility study on track for completion in late 2022
Deep Yellow’s (ASX: DYL) definitive feasibility study for its flagship Tumas project in Namibia remains on track for completion at the end of this year, while exploration continues at its other uranium projects. During the December quarter, Deep Yellow unveiled a 121% increase in ore reserves for Tumas, which was a “critical milestone” for the […]
