Deep Yellow
Deep Yellow (ASX: DYL) is an Australia-based pure uranium explorer with extensive operations in the southern African nation of Namibia and in Australia. The company's primary focus is in Namibia where its operations are conducted by its 100% owned subsidiary Reptile Uranium Namibia.

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Company Statement
Deep Yellow (DYL) is an ASX-listed advanced-stage uranium exploration company. It also listed on the Namibian Stock Exchange (NSX). Its primary focus is in Namibia, where exploration is conducted by its wholly owned subsidiary Reptile Uranium Namibia (Pty) Ltd (RUN). DYL's JORC Mineral Resource inventory now totals almost 115 Mlbs U3O8, with over 102 Mlbs U3O8 in Namibia.
Omahola is the Company's flagship project, the last remaining independently-owned high grade alaskite project in Namibia, which has a JORC compliant resource of 39.6 Mt at 437 ppm for 38 Mlbs U3O8 from three hard rock deposits, namely the Ongolo and MS7 Alaskite deposits and the INCA deposit.
Omahola is at pre-feasibility stage (PFS), with concurrent resource drilling and ongoing exploration along the highly prospective Ongolo - MS7 trend. Early in 2011 interim results for the partially completed PFS showed that the project could be developed with competitive capital and operating costs.
DYL is also advancing its Tubas Sand Project which comprises a low grade aeolian sand deposit that can be upgraded by physical beneficiation. The project resource is 87 Mt at 148 ppm U3O8 for 28.4 Mlbs U3O8.
A plan to supply uranium loaded resin to one of the two existing Namibian uranium producers or supplemental feed to enhance the Omahola Project is being considered.
DYL discovered a substantial area of iron mineralisation on one of its Namibian tenements in 2008. The Shiyela Iron Project has a JORC compliant resource of 78.7 Mt at 18.88% Fe. DYL is undertaking further testwork to update its scoping study with a view to divestment of the project.
In Australia DYL owns the Napperby Uranium Project and numerous exploration tenements in the Northern Territory as well as exploration assets in Queensland, all of which are slated for divestment.
Current Operations
Nambia - Development
Omahola Project
http://www.deepyellow.com.au/namibia-development/namibia-development-omahola-project.html
Ongolo & MS7 Alaskite Deposits
http://www.deepyellow.com.au/namibia-development/ongolo-ms7-alaskite-deposits.html
Inca Deposit
http://www.deepyellow.com.au/namibia-development/inca-deposit.html
Tubas Sand Project
http://www.deepyellow.com.au/namibia-development/tubas-sand-project.html
Namibia - Exploration
Nova Energy Joint Venture
http://www.deepyellow.com.au/nova-energy-jv.html
Shiyela Iron Project
http://www.deepyellow.com.au/shiyela-iron-project.html
Palaeochannel Deposits
http://www.deepyellow.com.au/palaeochannel-deposits.html
Australia
Queensland
http://www.deepyellow.com.au/australia/queensland.html
Northern Territory
http://www.deepyellow.com.au/australia/northern-territory.html
Napperby Project
http://www.deepyellow.com.au/australia/northern-territory/napperby-project.html
JORC Resources
http://www.deepyellow.com.au/projects/jorc-resources-november-2012.html
Nambia - Environmental Studies
http://www.deepyellow.com.au/projects/environmental-studies.html
Shiyela Iron Project
Omahola Project
http://www.deepyellow.com.au/projects/namibia-environmental-studies/omahola-project.html
Tubas Project
http://www.deepyellow.com.au/projects/namibia-environmental-studies/tubas-project.html
INCA Project
http://www.deepyellow.com.au/projects/namibia-environmental-studies/inca-project.html
Namibian Operations
http://www.deepyellow.com.au/projects/namibia-operations.html
Economic Empowerment in Namibia
http://www.deepyellow.com.au/projects/namibia-operations/economic-empowerment-in-namibia.html
Management
Mr Mervyn Greene
Chairman & Non-Executive Director
Mr Greene is an investment banker and entrepreneur who has worked in the US, Europe and Africa for more than 20 years. Between 1997 and 2005 Mr Greene was the London based partner of Irwin Jacobs Greene (IJG), one of Namibia's premier stockbroking, private equity and corporate finance advisory firms. As part of its business IJG was involved in a number of capital raisings for Namibian State enterprises.
Mr Greene has had broad experience in a range of corporate transactions both in Namibia and abroad and is involved in a non-executive capacity in a number of public and private businesses in Ireland and the UK. In the early stages of his career, before doing an MBA in the London Business School in 1992, Mr Greene worked for Morgan Stanley in New York and London.
Mr Greene was appointed to the Deep Yellow Board in November 2006 and became Chairman in August 2007.
Mr Greg Cochran
Managing Director
Greg has over 25 years' experience in international mining in commodities including gold, coal, base metals and uranium. He has held senior positions in various functions including projects, operations, finance and business development. Most recently he was CEO of Terramin Australia Limited and prior to that he was Executive Vice President: Australia & Asia for TSX listed Uranium One.
At Uranium One he led the establishment of a strong corporate and project team in South Australia, guided the Honeymoon mine through its permitting process and successfully established the Mitsui Uranium One Australia Joint Venture. In Asia he led the due diligence on Uranium One's C$3.8 billion acquisition of UrAsia Ltd in 2007, was responsible for UrAsia's integration into Uranium One and managed the company's Kazakh joint venture interests.
Greg also worked for Mitsubishi Development whilst the earlier part of his career was spent with BHP Billiton and its predecessor companies in the Billiton stable.
Greg is a professional engineer and holds a MSc. in Mining Engineering and Mineral Economics from the University of the Witwatersrand in Johannesburg and an MBA from Cranfield University in the UK. He also holds South African mine manager's certificates of competency for metalliferous and coal mines. He is a Graduate Member of the Australian Institute Company Directors and a Fellow of the Australian Institute of Mining & Metallurgy.
Mr Cochran joined the Deep Yellow Board in January 2011.
Mr Martin Kavanagh
Executive Director
Martin is a geologist with 42 years extensive experience acquired through fieldwork, research and management of Australia-wide and overseas projects. He has worked widely within the exploration and mining industry in Australia and offshore in Indonesia, North America, the Southwest Pacific region and southern Africa. He also has 17 years corporate experience as a director of ASX listed companies.
Martin is a graduate of London University (BSc Honours Geology) arriving in Australia in 1970. He worked for International Nickel in Kalgoorlie for 7 years before joining Anaconda Australia Inc in 1977 working initially as a nickel geologist before moving into gold exploration. During that time he also worked as an underground mine geologist at the Mt Edwards and Red Ross nickel mines at Widgiemooltha and at the Carr Fork copper-lead-zinc mine in Utah.
In 1985 Martin together with four other Anaconda Australia geologists bought Anaconda's Australian assets and merged them with Dominion Oil and Gas to form Dominion Mining Ltd. Over a five year period Dominion was built up to become Australia's third largest gold producer. Martin was General Manager Exploration for Dominion. His roles also included Project Manager mine development, Operations Manager and Chief Mine Geologist.
Martin left Dominion in 1994 setting up a consulting business which led to him joining Tanami Gold NL as Exploration Director with a focus on the WA/NT Tanami-Arunta Province. Over a 10 year period Tanami became a pre-eminent Junior Explorer in the Province acquiring extensive tenement holdings ultimately leading to the acquisition of the Coyote Gold Deposit. Martin was responsible for marketing the ‘uranium potential' of Tanami's Northern Territory tenements which resulted in a deal with Deep Yellow Ltd.
As Executive Director of Deep Yellow Martin's principal role has been to head up Australian operations and to provide technical support for the Namibian operations as required. Prior to joining Deep Yellow his uranium experience was gained through project work for International Nickel in the 1970's and Anaconda and Dominion in the 1980's.
Mr Kavanagh joined the Deep Yellow Board in October 2005.
Ms Gillian Swaby
Non-Executive Director
Ms Swaby has been involved in financial and corporate administration, as both Director and Company Secretary covering a broad range of industry sectors for over 25 years. Ms Swaby has extensive experience in the area of secretarial practice, management accounting and corporate and financial management and sits on a number of advisory committees. Ms Swaby is currently the Company Secretary of Paladin Resources Ltd and was a member of the Paladin Board for a period of 9 years. Ms Swaby is the principal of a corporate consulting company and past Chair of the Western Australia Council of Chartered Secretaries of Australia and a former Director on their National Board.
Ms Swaby joined the Deep Yellow Board in October 2005.
Mr Rudolf Brunovs
Non-Executive Director
Mr Brunovs is a former audit partner of the International Chartered Accounting firm Ernst & Young and practiced 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 with Ernst & Young.
Mr Brunovs was appointed to the Deep Yellow Board in August 2007.
Mr Christophe Urtel
Non-Executive Director
Mr Urtel has more than 13 years' industry experience and prior to joining Liberum Capital in 2011 he was an Executive Director in J.P.Morgan's Principal Investment franchise in London responsible for natural resources investments. Previously he worked in J.P.Morgan and its predecessor organisations from 1999 to 2008, specialising in the mining and metals sector, providing M&A advice and raising capital on the equity and debt markets.
Mr Urtel graduated with a MSc (Mining and Finance) and BSc (First Class Honours - Geology with Engineering Geology) from the Royal School of Mines, Imperial College, London.
Mr Urtel joined the Deep Yellow Board in October 2012.
Mr Tim Netscher
Non-Executive Director
Mr Netscher, based in Perth WA, has considerable broad-based experience working as a senior executive in the international mining industry in roles spanning marketing, operations management, project management and business development; including his current role as Managing Director and Chief Executive Officer of Gindalbie Metals Limited (GBG.AX), an ASX listed iron ore producer.
Before joining Gindalbie in 2010 as a Non Executive Director and subsequently taking on the role of Managing Director/CEO in April 2011, Mr Netscher was the Senior Vice-President for Newmont Mining Corporation's Asia Pacific region with responsibility for the operations of six mines in three countries in the region.
Prior to this, his previous experience included the roles of Managing Director of Vale Australia; Senior Vice President, Director and COO of PT Inco; President and COO at QNI Pty Ltd (part of the BHP Billiton group); Executive Director of Impala Platinum Limited and Project Director, Business Development and Exploration at Billiton Plc. In addition to his Executive roles, prior to its sale to General Electric, Mr Netscher was a Non-Executive Director of Industrea Limited, an ASX 200 company and a Director of the Minerals Council of Australia. He is currently also a Non-Executive Director of Bullabulling Gold Limited. Mr Netscher holds a BSc in Chemical Engineering, Bachelor of Commerce and an MBA and is a Chartered Engineer, a Fellow of the Institution of Chemical Engineers and a Member of the Australian Institute of Company Directors.
Mr Netscher joined the Deep Yellow Board in January 2013.
Mr Mark Pitts
Company Secretary
Mr Pitts is a Chartered Accountant with over twenty years experience in statutory reporting and business administration. He has been directly involved with, and consulted to a number of public companies holding senior financial management positions.
Mr Pitts is a Partner in the advisory firm Endeavour Corporate (Endeavour). Endeavour offers professional services focused on Company Secretarial support; corporate advice; supervision of ASIC and ASX reporting and compliance requirements; and commercial and financial support. Endeavour acts for a number of ASX listed and unlisted Public Companies including Deep Yellow Limited.
Contact Information
REGISTERED OFFICE
Level 1
329 Hay Street
Subiaco WA 6008
POSTAL ADDRESS
PO Box 1770
Subiaco WA 6904
CONTACT INFORMATION
Tel: +61 8 9286 6999
Fax: +61 8 9286 6969
Email: [email protected]
Website: www.deepyellow.com.au
Corporate Information
Corporate Directory
DIRECTORS
Mr Mervyn Greene
(Chairman and Non-Executive Director)
Mr Greg Cochran
(Managing Director)
Mr Martin Kavanagh
(Executive Director
Mr Rudolf Brunovs
(Non-Executive Director)
Mr Tim Netscher
(Non-Executive Director)
Ms Gillian Swaby
(Non-Executive Director)
Mr Christophe Urtel
(Non-Executive Director)
COMPANY SECRETARY
Mr Mark Pitts
STOCK EXCHANGE
Australian Securities Exchange (ASX) Code : DYL
Namibian Stock Exchange (NSX) Code: DYL
AUDITORS
Ernst & Young
Chartered Accountants
11 Mounts Bay Road
Perth WA 6000
Australian Business Number (ABN)
97 006 391 948
Australian Company Number (ACN)
006 391 948
SHARE REGISTRY
Computershare Investor Services Pty Ltd
Level 2, Reserve Bank Building
45 St Georges Terrace
Perth WA 6000
Tel: +61 8 9323 2000
Fax: +61 8 9323 2096
BANKERS
Westpac Banking Corporation
109 St Georges Terrace
Perth WA 6000