Canlı Haberler • Jun 06
Deep Yellow Shares Jump on Progress at Tumas Uranium Project and Sector Momentum Deep Yellow shares moved sharply higher, supported by a broader rally in the uranium sector tied to rising nuclear fuel demand and efforts by western utilities to reduce exposure to Russian supply.
The company reported that detailed engineering and bulk earthworks at its flagship Tumas Project in Namibia are close to completion.
Management is working toward final investment decisions and project financing for Tumas, while also stepping up exploration and development across other Namibian and Western Australian assets, supported by what it describes as a strong cash position.
The key takeaway is that Deep Yellow is pairing sector tailwinds with visible progress on its core development project, while keeping future growth options alive through broader exploration work.
Investors may want to watch for milestones around final investment decisions, financing terms and project timelines at Tumas, as these could influence both risk profile and sentiment toward the stock. Major Estimate Revision • Apr 15
Consensus revenue estimates increase by 48% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from AU$1.80m to AU$2.67m. EPS estimate unchanged from -AU$0.013 at last update. Oil and Gas industry in Australia expected to see average net income growth of 29% next year. Consensus price target of AU$2.26 unchanged from last update. Share price rose 5.3% to AU$1.99 over the past week. Major Estimate Revision • Apr 07
Consensus revenue estimates fall by 27% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from AU$3.08m to AU$2.25m. Forecast losses increased from -AU$0.0078 to -AU$0.0131 per share. Oil and Gas industry in Australia expected to see average net income growth of 24% next year. Consensus price target down from AU$2.35 to AU$2.30. Share price rose 2.0% to AU$1.78 over the past week. New Risk • Mar 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 62% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 62% per year for the foreseeable future. Revenue is less than US$1m. New Risk • Feb 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Revenue is less than US$1m. Major Estimate Revision • Feb 16
Consensus EPS estimates upgraded to AU$0.0083 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -AU$0.0124 to -AU$0.0083 per share. Revenue forecast unchanged from AU$2.64m at last update. Oil and Gas industry in Australia expected to see average net income decline 11% next year. Consensus price target up from AU$2.11 to AU$2.26. Share price was steady at AU$2.37 over the past week. Price Target Changed • Feb 15
Price target increased by 7.2% to AU$2.26 Up from AU$2.11, the current price target is an average from 8 analysts. New target price is 6.7% below last closing price of AU$2.42. Stock is up 93% over the past year. The company is forecast to post a net loss per share of AU$0.0083 compared to earnings per share of AU$0.0074 last year. Duyuru • Feb 02
Deep Yellow Limited Announces Resignation of Gillian Swaby as Executive Director, Effective February 2, 2026 Deep Yellow Limited announces hat Ms Gillian Swaby has decided to resign as an Executive Director of the Company, effective February 2, 2026. Ms Swaby will remain with the Company on a consulting basis until the end of February 2026. Ms Swaby joined Deep Yellow in 2005, initially as a Non-executive Director before taking on the role of Executive Director in 2016. During her time with Deep Yellow Ms Swaby played a key role in securing and advancing the Company's flagship uranium development opportunities, Tumas and Mulga Rock. Price Target Changed • Jan 29
Price target increased by 8.4% to AU$2.11 Up from AU$1.94, the current price target is an average from 8 analysts. New target price is 28% below last closing price of AU$2.91. Stock is up 126% over the past year. The company is forecast to post a net loss per share of AU$0.012 compared to earnings per share of AU$0.0074 last year. Major Estimate Revision • Jan 23
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -AU$0.01 to -AU$0.012 per share. Revenue forecast of AU$2.64m unchanged since last update. Oil and Gas industry in Australia expected to see average net income decline 8.1% next year. Consensus price target up from AU$1.91 to AU$2.06. Share price rose 8.8% to AU$2.34 over the past week. Price Target Changed • Jan 23
Price target increased by 9.3% to AU$2.06 Up from AU$1.89, the current price target is an average from 8 analysts. New target price is 12% below last closing price of AU$2.34. Stock is up 61% over the past year. The company is forecast to post a net loss per share of AU$0.012 compared to earnings per share of AU$0.0074 last year. Major Estimate Revision • Jan 17
Consensus EPS estimates fall by 21% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -AU$0.01 to -AU$0.013 per share. Revenue forecast of AU$2.64m unchanged since last update. Oil and Gas industry in Australia expected to see average net income decline 3.6% next year. Consensus price target up from AU$1.89 to AU$1.94. Share price rose 5.4% to AU$2.15 over the past week. Recent Insider Transactions • Dec 12
Acting Executive Chairman recently bought AU$52k worth of stock On the 3rd of December, Christopher Salisbury bought around 31k shares on-market at roughly AU$1.67 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months. Major Estimate Revision • Dec 09
Consensus revenue estimates increase by 15% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$1.31m to AU$1.50m. Forecast losses expected to reduce from -AU$0.011 to -AU$0.01 per share. Oil and Gas industry in Australia expected to see average net income decline 8.1% next year. Consensus price target of AU$1.87 unchanged from last update. Share price rose 8.7% to AU$1.75 over the past week. Major Estimate Revision • Oct 25
Consensus revenue estimates increase by 48% The consensus outlook for revenues in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$890.0k to AU$1.31m. Forecast losses expected to reduce from -AU$0.024 to -AU$0.014 per share. Oil and Gas industry in Australia expected to see average net income decline 1.1% next year. Consensus price target broadly unchanged at AU$1.90. Share price fell 28% to AU$1.68 over the past week. Major Estimate Revision • Oct 07
Consensus EPS estimates upgraded to AU$0.024 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -AU$0.033 per share to -AU$0.024 per share. Revenue forecast reaffirmed at AU$1.06m. Oil and Gas industry in Australia expected to see average net income growth of 15% next year. Consensus price target up from AU$1.86 to AU$1.92. Share price rose 4.1% to AU$2.04 over the past week. Duyuru • Sep 09
Deep Yellow Limited, Annual General Meeting, Nov 20, 2025 Deep Yellow Limited, Annual General Meeting, Nov 20, 2025. Location: perth Australia Price Target Changed • Jul 25
Price target increased by 7.4% to AU$1.86 Up from AU$1.73, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of AU$1.80. Stock is up 49% over the past year. The company is forecast to post a net loss per share of AU$0.01 next year compared to a net loss per share of AU$0.013 last year. Major Estimate Revision • Jul 12
Consensus EPS estimates fall by 30% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -AU$0.0079 to -AU$0.0103 per share. Revenue forecast of AU$3.11m unchanged since last update. Oil and Gas industry in Australia expected to see average net income growth of 25% next year. Consensus price target up from AU$1.67 to AU$1.73. Share price fell 4.4% to AU$1.62 over the past week. New Risk • Jul 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$32m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$32m free cash flow). Earnings are forecast to decline by an average of 39% per year for the foreseeable future. Revenue is less than US$1m (AU$1.0k revenue, or US$661). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$23m net loss in 3 years). New Risk • Jul 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 53% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$32m free cash flow). Earnings are forecast to decline by an average of 53% per year for the foreseeable future. Revenue is less than US$1m (AU$1.0k revenue, or US$664). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$27m net loss in 2 years). New Risk • Jul 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$32m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$32m free cash flow). Revenue is less than US$1m (AU$1.0k revenue, or US$663). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$29m net loss in 3 years). Price Target Changed • Jun 20
Price target increased by 12% to AU$1.65 Up from AU$1.46, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of AU$1.70. Stock is up 16% over the past year. The company is forecast to post a net loss per share of AU$0.0074 next year compared to a net loss per share of AU$0.013 last year. New Risk • Jun 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$1.0k revenue, or US$655). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$34m net loss in 3 years). Share price has been volatile over the past 3 months (13% average weekly change). Major Estimate Revision • Apr 26
Consensus revenue estimates decrease by 78% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from AU$2.13m to AU$460.0k. EPS estimate reaffirmed at -AU$0.0074 per share. Oil and Gas industry in Australia expected to see average net income growth of 19% next year. Consensus price target of AU$1.41 unchanged from last update. Share price rose 13% to AU$1.03 over the past week. New Risk • Apr 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 63% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 63% per year for the foreseeable future. Revenue is less than US$1m (AU$1.0k revenue, or US$629). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$34m net loss in 2 years). Breakeven Date Change • Apr 11
No longer forecast to breakeven The 3 analysts covering Deep Yellow no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$34.2m in 2027. New consensus forecast suggests the company will make a loss of AU$5.82m in 2027. New Risk • Apr 10
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$6.9m Forecast net loss in 2 years: AU$20m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$1.0k revenue, or US$624). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (AU$20m net loss in 2 years). Price Target Changed • Apr 09
Price target decreased by 7.1% to AU$1.49 Down from AU$1.60, the current price target is an average from 5 analysts. New target price is 90% above last closing price of AU$0.79. Stock is down 44% over the past year. The company is forecast to post a net loss per share of AU$0.0096 next year compared to a net loss per share of AU$0.013 last year. Major Estimate Revision • Mar 20
Consensus EPS estimates upgraded to AU$0.0085 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -AU$0.0105 to -AU$0.0085 per share. Revenue forecast unchanged from AU$2.55m at last update. Oil and Gas industry in Australia expected to see average net income growth of 21% next year. Consensus price target broadly unchanged at AU$1.62. Share price rose 12% to AU$1.11 over the past week. Reported Earnings • Mar 14
First half 2025 earnings: EPS and revenues exceed analyst expectations First half 2025 results: AU$0.003 loss per share (improved from AU$0.008 loss in 1H 2024). Net loss: AU$2.47m (loss narrowed 60% from 1H 2024). Revenue exceeded analyst estimates by 158%. Earnings per share (EPS) also surpassed analyst estimates by 63%. Revenue is forecast to grow 126% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Feb 19
Consensus EPS estimates fall by 72% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -AU$0.0061 to -AU$0.0105 per share. Revenue forecast of AU$2.04m unchanged since last update. Oil and Gas industry in Australia expected to see average net income growth of 13% next year. Consensus price target broadly unchanged at AU$1.64. Share price fell 7.5% to AU$1.18 over the past week. Breakeven Date Change • Dec 20
Forecast to breakeven in 2027 The 2 analysts covering Deep Yellow expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$64.1m in 2027. Average annual earnings growth of 58% is required to achieve expected profit on schedule. Duyuru • Dec 20
Deep Yellow Limited Announces Updated Ore Reserve Upgrades Tumas Project Deep Yellow Limited announced updated Ore Reserve Estimate for Tumas completed with an 18% increase to 7G.3 Mlb U3O8 at 2G8 ppm using a 100 ppm U3O8 cut-off. This is sufficient for 30-years Life of Mine (LOM) and includes: Proved Reserves of 28.4 Mlb at 287 ppm U3O8. Probable Reserves of 50.9 Mlb at 305 ppm U3O8. The reserve upgrade and extended LOM was achieved using the increased throughput announced in the DFS of a maximum of 4.2 Mt pa or production rate of 3.6 Mlb pa U3O8. Significant potential exists to further increase LOM by upgrading the remaining Inferred Mineral Resources - approximately 30% of the highly prospective Tumas Palaeochannel system remains to be adequately tested. Price Target Changed • Nov 07
Price target decreased by 9.4% to AU$1.55 Down from AU$1.72, the current price target is an average from 3 analysts. New target price is 20% above last closing price of AU$1.29. Stock is up 16% over the past year. The company is forecast to post a net loss per share of AU$0.016 next year compared to a net loss per share of AU$0.013 last year. Major Estimate Revision • Oct 24
Consensus revenue estimates fall by 20% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$5.32m to AU$4.23m. Forecast losses increased from -AU$0.023 to -AU$0.024 per share. Oil and Gas industry in Australia expected to see average net income growth of 31% next year. Consensus price target of AU$1.64 unchanged from last update. Share price fell 7.5% to AU$1.43 over the past week. Major Estimate Revision • Oct 09
Consensus revenue estimates increase by 132% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from AU$2.29m to AU$5.32m. EPS estimate unchanged from -AU$0.023 at last update. Oil and Gas industry in Australia expected to see average net income growth of 32% next year. Consensus price target of AU$1.64 unchanged from last update. Share price fell 3.4% to AU$1.44 over the past week. Duyuru • Sep 30
Deep Yellow Limited Appoints Jim Morgan as Head of Project Delivery Deep Yellow Limited announced the appointment of Mr. Jim Morgan as Head of Project Delivery. Mr. Morgan is a seasoned mining executive with over 35 years of experience on high-value uranium and resource sector projects. Mr. Morgan is well known to the Deep Yellow team, as he was previously Executive General Manager Project Development for Paladin Energy from 2005-2012, during the period when John Borshoff was Paladin CEO. Mr. Morgan played a critical role in Paladin's successful construction of the Langer Heinrich uranium mine in Namibia (Stages 1 & 2) and the Kayelekera uranium mine in Malawi. Following his time at Paladin, Mr. Morgan was CEO of Carbine Tungsten Limited from 2012-2017 and, more recently, Managing Director of a private mining and infrastructure development consultancy firm. The appointment of Mr. Morgan further strengthens the Company's sector-leading team at a time when global support for uranium continues to rapidly grow, due to the fundamental role nuclear power will now need to play in providing baseload power and meeting clean energy targets. Deep Yellow continues to methodically progress the development of its two advanced projects: the flagship Tumas Project in Namibia, and the Mulga Rock Project in Western Australia. In his capacity, Mr. Morgan will take on the role of Project Director for Tumas, with a Final Investment Decision expected late fourth quarter 2024 aiming for production startup late 2026. Key development activities continue at Mulga Rock, with commencement of production scheduled for 2028. Reported Earnings • Sep 28
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: AU$0.013 loss per share. Net loss: AU$10.6m (loss widened 5.1% from FY 2023). Revenue exceeded analyst estimates. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 135% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Oil and Gas industry in Australia. Duyuru • Sep 17
Deep Yellow Limited, Annual General Meeting, Nov 15, 2024 Deep Yellow Limited, Annual General Meeting, Nov 15, 2024. Duyuru • Sep 12
Deep Yellow Limited Announces an Updated Mineral Resource Estimate for the Tumas 1, 1 East, 2 and 3 Deposits Located in the Erongo Region of Namibia Deep Yellow Limited announced an updated Mineral Resource Estimate (MRE) for the Tumas 1, 1 East, 2 and 3 Deposits, located on Mining Licence 237 (ML237) in the Erongo Region of Namibia. The deposit is held by Deep Yellow through its wholly owned subsidiary Reptile Uranium Namibia (Pty) Ltd. (RUN). The Mineral Resource status upgrade is required to enable the definition of sufficient Proven Mineral Reserves for the first six years of operation and to support project financing. The objective of the program was to improve drill spacing in parts of Tumas 3 to 50 m x 50 m to enable the conversion of approximately 20 Mlb U3O8 from the Indicated to Measured JORC Mineral Resource status and collect additional core samples to enhance the density database of the orebodies. HIGHLIGHTS: Tumas 3 Measured Mineral Resource upgraded to 22.5 Mlb at 300 ppm eU3O8; At a 100 ppm cut-off, the updated Tumas 3 MRE has a Measured and Indicated Mineral Resource totalling 58.2 Mlb at 320 ppm eU3O8; Tumas 1, 2 and 3 Measured Mineral Resource upgraded to 38.5 Mlb at 253 ppm eU3O8; Remaining Indicated Mineral Resources include 63.6 Mlb at 278 ppm eU3O8; Total Measured and Indicated Mineral Resources of Tumas 1, 1 East, 2 and 3 a 102.1 Mlb at 268 ppm eU3O8; Mineral Resource Estimate upgrade follows 660 hole, 12,727 m RC resource infill drill program completed in June 2024; Tumas Project successfully achieves targeted +30-year Life-of-Mine; Significant upside potential remains to further increase the resource base associated with this highly prospective target; Ongoing resource drilling is planned to the west of Tumas 3 during FY2025, focusing on identifying an additional 30 Mlb to achieve a +35-year Life-of-Mine; The Ore Reserve Estimate for the Project, using current pricing points, will now be revised based on this upgraded Mineral Resource Estimate. Duyuru • Jul 23
Deep Yellow Limited Announces Chief Financial Officer Changes Deep Yellow Limited announced the appointment of experienced mining finance executive Mr. Craig Barnes as Chief Financial Officer (CFO), commencing 1 August 2024. The appointment follows the resignation of Mr. Mark Pitts. Mr. Barnes is a Chartered Accountant with more than 25 years’ experience in senior finance and financial management roles within the mining industry both in Africa and Australia, including direct exposure to uranium development and production in Namibia. Mr. Barnes holds a Bachelor of Commerce degree from the University of the Witwatersrand, Johannesburg, and an Honours Bachelor of Accounting Science degree from the University of South Africa. Before joining Deep Yellow, he held the position of CFO of Galena Mining Limited and prior to that was CFO of Paladin Energy Limited for more than five years and CFO of DRDGOLD Limited and its affiliated subsidiaries for more than seven years. Major Estimate Revision • Jul 11
Consensus revenue estimates increase by 24% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from AU$930.0k to AU$1.15m. EPS estimate unchanged from -AU$0.016 at last update. Oil and Gas industry in Australia expected to see average net income growth of 15% next year. Consensus price target down from AU$1.72 to AU$1.67. Share price rose 5.3% to AU$1.49 over the past week. Major Estimate Revision • May 31
Consensus revenue estimates decrease by 18% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from AU$1.14m to AU$930.0k. EPS estimate unchanged from -AU$0.016 per share at last update. Oil and Gas industry in Australia expected to see average net income growth of 26% next year. Consensus price target of AU$1.72 unchanged from last update. Share price was steady at AU$1.65 over the past week. Duyuru • May 23
Deep Yellow Limited Announces Executive Changes Deep Yellow Limited announced the appointment of Ms Susan Park as Company Secretary following the resignation of Mr. Mark Pitts. Ms Park is a governance professional with over 25 years' experience in the corporate financeindustry and extensive experience in Company Secretary and Non-Executive Director roles in ASX, AIM and TSX listed companies. Ms Park holds a Bachelor of Commerce from the University of Western Australia, is a member of Chartered Accountants Australia and New Zealand, a Fellow of the Financial Services Institute of Australasia, a Graduate Member of the Australian Institute of Company Directors and a Fellow of the Governance Institute of Australia. She is currently Company Secretary of several ASX listed companies. Mr. Pitts will remain available to the Company on a consulting basis and in his role as Chief Financial Officer. Reported Earnings • Mar 15
First half 2024 earnings released: AU$0.008 loss per share (vs AU$0.008 loss in 1H 2023) First half 2024 results: AU$0.008 loss per share (in line with 1H 2023). Net loss: AU$6.19m (loss widened 22% from 1H 2023). Revenue is forecast to grow 144% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Oil and Gas industry in Australia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Major Estimate Revision • Mar 12
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$2.67m to AU$3.01m. Forecast losses expected to reduce from -AU$0.012 to -AU$0.012 per share. Oil and Gas industry in Australia expected to see average net income growth of 33% next year. Consensus price target broadly unchanged at AU$1.61. Share price fell 5.8% to AU$1.22 over the past week. Major Estimate Revision • Jan 19
Consensus revenue estimates increase by 63% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from AU$1.64m to AU$2.67m. Forecast losses expected to reduce from -AU$0.015 to -AU$0.012 per share. Oil and Gas industry in Australia expected to see average net income decline 13% next year. Consensus price target up from AU$1.54 to AU$1.58. Share price rose 10% to AU$1.48 over the past week. Recent Insider Transactions • Nov 28
Executive Director recently sold AU$696k worth of stock On the 23rd of November, Gillian Swaby sold around 600k shares on-market at roughly AU$1.16 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Duyuru • Oct 24
Deep Yellow Limited Announces Resignation of M Greene as Non-Executive Director with Effect from 23 November 2023 Deep Yellow Limited announced that Mr. M Greene has informed the Company that he will resign as a Non-Executive Director with effect from 23 November 2023. Duyuru • Sep 29
Deep Yellow Limited, Annual General Meeting, Nov 24, 2023 Deep Yellow Limited, Annual General Meeting, Nov 24, 2023. Price Target Changed • Sep 29
Price target increased by 39% to AU$1.28 Up from AU$0.92, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of AU$1.32. Stock is up 62% over the past year. The company is forecast to post a net loss per share of AU$0.017 next year compared to a net loss per share of AU$0.014 last year. Reported Earnings • Sep 28
Full year 2023 earnings released: AU$0.014 loss per share (vs AU$0.018 loss in FY 2022) Full year 2023 results: AU$0.014 loss per share. Net loss: AU$10.1m (loss widened 48% from FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 1.4% decline forecast for the Oil and Gas industry in Australia. New Risk • Sep 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$25m free cash flow). Earnings are forecast to decline by an average of 45% per year for the foreseeable future. Revenue is less than US$1m (AU$795k revenue, or US$510k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (AU$38m net loss in 3 years). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). New Risk • Sep 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$25m free cash flow). Earnings are forecast to decline by an average of 45% per year for the foreseeable future. Revenue is less than US$1m (AU$795k revenue, or US$507k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (AU$38m net loss in 3 years). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). New Risk • Jul 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$25m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$25m free cash flow). Earnings are forecast to decline by an average of 45% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (96% increase in shares outstanding). Revenue is less than US$1m (AU$795k revenue, or US$530k). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$38m net loss in 3 years). Board Change • May 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Victoria Jackson was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 18
Deep Yellow Limited Appoints Tim Lindley as Non-Executive Director Deep Yellow Limited announced the appointment of Mr. Tim Lindley as Non-Executive Director, further strengthening the Board as the Company continues its strategy to establish a globally diversified, Tier-1 uranium platform with 10+Mlb production p.a. Mr. Lindley is an experienced investment banker who brings a proven track record and background in project finance, debt, equity capital markets and M&A. During his 25-year career, Mr. Lindley has held several senior and executive roles in both Australia and internationally, including Country Head (Australia) of Barclays Bank and a Managing Director of Morgan Stanley (Australia). Mr. Lindley has led and completed more than 100 financing transactions for resource companies operating across jurisdictions including Africa, Asia and Australia. He led several transactions for the Langer Heinrich mine and Paladin Energy Ltd. Mr. Lindley was previously a Non-Executive Director and Chair of the Audit and Risk committee for Onsite Rentals Group Pty Ltd. and Little Wings. Date of appointment is 17 May 2023. Major Estimate Revision • Apr 21
Consensus revenue estimates increase by 18% The consensus outlook for revenues in fiscal year 2023 has improved. 2023 revenue forecast increased from AU$1.48m to AU$1.75m. Forecast losses expected to reduce from -AU$0.012 to -AU$0.012 per share. Oil and Gas industry in Australia expected to see average net income decline 16% next year. Consensus price target of AU$0.90 unchanged from last update. Share price fell 7.3% to AU$0.51 over the past week. Price Target Changed • Mar 29
Price target decreased by 15% to AU$0.90 Down from AU$1.05, the current price target is an average from 2 analysts. New target price is 64% above last closing price of AU$0.55. Stock is down 44% over the past year. The company is forecast to post a net loss per share of AU$0.012 next year compared to a net loss per share of AU$0.018 last year. Reported Earnings • Mar 11
First half 2023 earnings released: AU$0.008 loss per share (vs AU$0.008 loss in 1H 2022) First half 2023 results: AU$0.008 loss per share (in line with 1H 2022). Net loss: AU$5.07m (loss widened 79% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings. Duyuru • Feb 16
Deep Yellow Limited Announces the Commonwealth Department of Climate Change, Energy, the Environment and Water Approves the Mulga Rock Project Sandhill Dunnart Conservation Plan Deep Yellow Limited announced the Commonwealth Department of Climate Change, Energy, the Environment and Water (DCCEEW) has approved the Mulga Rock Project Sandhill Dunnart Conservation Plan (SDCP), in accordance with condition 2 of the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) for the project. Implementation of the Mulga Rock Project (MRP) was approved under Ministerial Statement No. 1046 (MS 1046) on 16 December 2016. Under Condition 2 of MS 1046, the Company was required to prepare the SDCP to manage the potential impact to the Sandhill Dunnart marsupial associated with the implementation of the project and reduce the threat to the Sandhill Dunnart posed by feral animals within the defined area. Condition 2 of MS1046 required further that the proposed defined area of the SDCP be located outside of the MRP development envelope and within the project boundary, contain at least 6,000ha of suitable habitat and contain a local population of Sandhill Dunnart. Duyuru • Feb 02
Deep Yellow Limited Announces to Release the Results of the Tumas DFS, Showing the Uranium Project as a Potential World-Class Operation Delivering Robust Returns to Shareholders Deep Yellow Limited announced to release the results of the Tumas DFS, showing the uranium project as a potential world-class operation delivering robust returns to shareholders. The Tumas DFS Executive Summary prepared by DFS lead engineer, Ausenco Services Pty Ltd, with key input and direction from the Deep Yellow subject matter experts. A key feature of the DFS, compared to the Pre-Feasibility Study (PFS) outcome, is the increased production capacity of the plant from 3Mlbpa U3O8 to 3.6Mlbpa U3O8 and the increased throughput from 3.75Mtpa to 4.15Mtpa (11%). This has allowed positive economics to flow, despite a 26% increase in initial capital as a result of inflationary (and Covid) impacts over the past 2.25 years and the 20% increase in capacity. The Company is satisfied that the increase in both capital and operating costs identified in the DFS is reflective of the increased plant capacity and inflationary forces experienced in the 2.25 years since the PFS was completed. These inflationary and Covid-related pressures appear to have been most significant over the past year and to have reached a peak, with some costs now showing signs of reducing. This robust outcome underlines the prudent approach the Company and its development team take to each consecutive stage of project development, from Scoping Study to operations. The Tumas DFS, even under these difficult circumstances, has delivered strong results due to improved productivity and the conservative cost assumptions applied in the preceding studies. The experienced project development team has been consistent since September 2019 when the Tumas Scoping Study was commenced. Sustainability: Deep Yellow intends to adopt world-class sustainability initiatives in the development of Tumas. An Environmental Impact Assessment, meeting the requirements of the Namibian Government regulations, was completed by an independent third-party and involved extensive consultation with Government and community stakeholders. Consultation will continue with stakeholders of the three major towns of Swakopmund, Walvis Bay and Windhoek in Namibia before final submission to Government. Potential areas of environmental impact have been identified and detailed management plans, mitigation measures and monitoring requirements are detailed in the Environmental Management Plan. Key highlights include amendments to the mine plan sequencing to avoid or minimise disturbance to areas of ecological importance. The process plant has been specifically designed to produce a benign tailings stream that will not have any long-term environmental impacts once final rehabilitation and closure of the project has been completed. The predicted tailings behaviour, with respect to groundwater impact, has achieved independent, third-party endorsement from the Commonwealth Scientific and Industrial Research Organisation (CSIRO). Tumas will utilise mined-out areas for the storage of the benign tailings meaning open pits will be filled, covered and rehabilitated back to the original landform. The Company also intends to utilise solar farm technology to reduce the requirement for grid power and lower CO2 emissions by an estimated 850,000t over the life of the mine. The uranium produced by the mine will displace approximately 34,200,000 tonnes of black coal over the LOM, resulting in an additional reduction in CO2 emissions of 89,300,000 t over the LOM. Development of the Tumas Project is expected to result in significant, positive socio-economic impacts for the local, regional, and national economy including benefits in the creation of approximately 800 jobs in construction, approximately 520 direct jobs (including site contractors) and a further approximately 1,900 to 2,550 indirect jobs during operations. Duyuru • Jan 31
Deep Yellow Limited Announces Resignation of Wayne Bramwell as Director Deep Yellow Limited announced that Mr. Wayne Bramwell has resigned as a director of Deep Yellow due to his increasing executive responsibilities. The Board appreciates Mr. Bramwell's contribution during the integration of Vimy Resources Limited and wishes him well in his future endeavours. Date that director ceased to be director 31 January 2023. Duyuru • Jan 21
Deep Yellow Limited Provides Critical Minerals Assessment of Mulga Rock Project Deep Yellow Limited provided a progress update on the evaluation program undertaken on the Mulga Rock Project (MRP or Project), located in the Great Victoria Desert in Western Australia, 290km by road ENE of Kalgoorlie. As advised on 25 November 2022, Deep Yellow initiated an evaluation program, following on from its pre-merger work, after identifying an opportunity for a significant potential uplift in Project value by increasing the focus on recovery of critical minerals located within the existing Mulga Rock resource shells. This work and the possible future recovery of critical minerals will be completed within the existing approvals framework for the Project, seeking to better utilise the resource base of the MRP. The evaluation program is assessing the potential value of metals such as copper, nickel, cobalt, zinc, and rare earths (particularly neodymium and praseodymium), known to be present in these deposits. Preliminary work already completed by the Company demonstrated that optimising the process flow sheet and mining schedules, within approved pit boundaries, by considering the full economic mineral endowment of these polymetallic deposits, rather than focusing solely on uranium, may add substantial value to the Project. Drilling completed to date by Deep Yellow, associated with this program, has been restricted to the Mulga Rock East deposits (Ambassador and Princess). These deposits are richer in critical minerals and uranium, represent the majority of the known mineral resources and consequently will be mined before the lower grade deposits to the west in MRP's mining schedule, providing up to 20-years operating life. To help better define the assessment for value uplift at the MRP, a 63-hole, 4,099m geo-metallurgical aircore drill program was completed on 8 of December 2022. The program aimed to provide sample material for metallurgical analysis to determine ore variability and estimated process recoveries for critical minerals with 1,552 individual samples collected for metallurgical testing. Additionally, 1,862 samples will be submitted for multi-element geochemical analysis to support the metallurgical test work and re-assessment. Results will be reported once they become available. In support of the revised MRP DFS, a 600 to 800-hole aircore drill program is planned for completion in first half calendar year 2023 to better define reserve/resource variability, upgrade the resource classification for uranium and critical minerals and provide additional material for metallurgical analysis. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Victoria Jackson was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 24
Full year 2022 earnings released Full year 2022 results: Net loss: AU$6.83m (loss widened 42% from FY 2021). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Chairman Chris Salisbury was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 17
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: AU$0.008 loss per share (vs AU$0.008 loss in 1H 2021). Net loss: AU$2.83m (loss widened 36% from 1H 2021). Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Dec 01
Non-Executive Director Christophe Urtel has left the company On the 29th of November, Christophe Urtel's tenure as Non-Executive Director ended after 9.1 years in the role. We don't have any record of a personal shareholding under Christophe's name. Christophe is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 5.08 years. Reported Earnings • Sep 25
Full year 2021 earnings released: AU$0.017 loss per share (vs AU$0.012 profit in FY 2020) Full year 2021 results: Net loss: AU$4.82m (down 268% from profit in FY 2020). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 04
Non-Executive Director recently sold AU$646k worth of stock On the 29th of March, Christophe Urtel sold around 935k shares on-market at roughly AU$0.69 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 09
First half 2021 earnings released: AU$0.008 loss per share (vs AU$0.009 loss in 1H 2020) First half 2021 results: Net loss: AU$2.07m (loss narrowed 2.0% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 11
New 90-day high: AU$0.87 The company is up 152% from its price of AU$0.34 on 13 November 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: AU$0.57 The company is up 80% from its price of AU$0.32 on 08 October 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 22% over the same period. Is New 90 Day High Low • Dec 15
New 90-day high: AU$0.49 The company is up 50% from its price of AU$0.33 on 16 September 2020. The Australian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 26% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: AU$0.36 The company is up 60% from its price of AU$0.23 on 20 August 2020. The Australian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 4.0% over the same period.