ASX:DYL

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.Develop Global (ASX:DVP): -11%, AU$4.77Liontown (ASX:LTR): -9%, AU$1.06Deep Yellow (ASX:DYL): -9%, AU$1.43Paladin Energy (ASX:PDN): -9%, AU$10.33Capstone Copper (ASX:CSC): -9%, AU$14.50PLS Group (ASX:PLS): -8%, AU$4.48GQG Partners (ASX:GQG): -7%, AU$1.12Telix Pharmaceuticals (ASX:TLX): -7%, AU$15.55Westgold Resources (ASX:WGX): -7%, AU$5.44Sandfire Resources (ASX:SFR): -7%, AU$20.91

RBC Capital Markets Starts Deep Yellow at Outperform with AU$2.05 Price Target

Deep Yellow (ASX:DYL) has an average rating of overweight and mean price target of AU$2.01, according to analysts polled by FactSet.

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Thursday.Southgold 2 (ASX:SX2): +8%, AU$12.27Phylogica (ASX:PYC): +7%, AU$2.61OrezOne (ASX:ORE): +6%, AU$2.75Block (ASX:XYZ): +5%, AU$113.81Telix Pharmaceuticals (ASX:TLX): +5%, AU$16.44Kingsgate Consolidated (ASX:KCN): +4%, AU$5.39Deep Yellow (ASX:DYL): +4%, AU$1.61Resolute Mining (ASX:RSG): +4%, AU$1.44Perseus Mining (ASX:PRU): +4%, AU$6.66Life360 (ASX:360): +4%, AU$19.92

Deep Yellow Enters AU$5 Million Earn-In Agreement With Core Energy Minerals for Namibia Joint Venture; Shares Down 5%

Deep Yellow (ASX:DYL) unit Reptile Mineral Resources and Exploration struck an earn-in agreement under which Core Energy Minerals (ASX:CR3) can take a majority stake in the Nova Energy (Namibia) joint venture, according to a Wednesday filing with the Australian bourse.Nova Energy (Namibia) holds two exploration prospecting licenses that together cover about 600 square kilometers west and south-west of the Langer Heinrich uranium mine. The licenses are considered non-core assets of Deep Yellow.Reptile Mineral Resources currently holds a 65% equity interest in the joint venture, with Nova Energy (Africa) holding 25% and Sixzone Investments the remaining 10%, per the filing.The agreement allows Core Energy to earn up to a 51% stake in Nova Energy (Namibia) on expenditure of AU$5 million. Under phase one of the deal, Core Energy can acquire a 25% interest on expenditure of AU$2 million within 18 months from the start of the arrangement, and a further 26% in phase two on expenditure of AU$3 million within 24 months from the end of phase one.After phase two, Core Energy will have a 51% stake in the joint venture, Reptile Mineral Resources about 31.9%, Nova Energy (Africa) roughly 12.3%, and Sixzone with 4.9%.Deep Yellow shares fell 5% in recent Wednesday trade.

Deep Yellow Unit Executes Long-Term Water Supply Agreement for Namibia Uranium Project

Deep Yellow's (ASX:DYL) wholly-owned unit Reptile Uranium Namibia (Proprietary) executed a long-term water supply agreement with NamWater for the supply of water to the Tumas uranium project in Namibia, according to a Wednesday Australian bourse filing.The agreement provides for water supply capacity over the life of the project, subject to certain commencement conditions and operational arrangements, supporting construction activities, commissioning, and long-term uranium production.Reptile Uranium, as well as Deep Yellow's wholly-owned unit, Reptile Mineral Resources and Exploration (Proprietary), entered into subscription and shareholders' agreements with Oponona for Oponona to become a 5% shareholder in Reptile Uranium. This supports compliance with the local ownership requirements attached to the ML237 mining license, owned by Reptile Uranium.Oponona's 5% share of historical and future Tumas project expenditure, including construction and development expenditure up to and including the commercial production date, shall be considered as an interest-free loan by Reptile Mineral Resources to Oponona, repayable from Oponona's future dividends, per the filing.Its shares rose 1% in recent trading on Wednesday.

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Thursday.Silex Systems (ASX:SLX): -7%, AU$4.74Weebit Nano (ASX:WBT): -4%, AU$4.29Benz Mining (ASX:BNZ): -4%, AU$3.88EQ Resources (ASX:EQR): -4%, AU$0.32Deep Yellow (ASX:DYL): -4%, AU$1.36Tasmea (ASX:TEA): -3%, AU$8.60Beach Energy (ASX:BPT): -3%, AU$0.86Megaport (ASX:MP1): -3%, AU$18.90Block (ASX:XYZ): -3%, AU$117.23IperionX (ASX:IPX): -3%, AU$3.32

Deep Yellow Ends June Quarter With AU$160 Million Cash, Advances Tumas Project Toward FID

Deep Yellow (ASX:DYL) ended the June quarter with cash and cash equivalents of AU$160 million, while advancing its Tumas project toward a final investment decision (FID) anticipated in the fourth quarter of the year, according to a Tuesday Australian bourse filing.The company said it also progressed its Mulga Rock Project in Western Australia through processing trade-off studies and development of a revised geometallurgical model, while the Alligator River project in the Northern Territory is positioned for the start of the 2026 drilling campaign in August.

Australian Shares flat; Deep Yellow Awards Two Construction Contracts Worth AU$34 Million for Namibia Uranium Project

Australian shares were flat on Monday as a surge in oil prices fanned concerns over a potential spike in inflation.The S&P/ASX 200 Index was little changed to close at 8,791.30.Brent crude oil futures surged over ⁠2% to over $90 per barrel as the conflict in the Middle East escalated and the US and Iran continued to trade strikes.Meanwhile, gold steadied to trade around $4,010 per ounce after falling below the $4,000-mark in the previous week.On the domestic front, goods imports are driving the trend of imports accounting for a larger share of domestic demand in Australia than at any time since the quarterly national accounts began in the September quarter of 1959, ANZ said.In company news, Deep Yellow (ASX:DYL) awarded two civil and concrete construction contracts with an aggregate value of about AU$34 million for its Tumas uranium project in Namibia.Weebit Nano (ASX:WBT) upgraded its fiscal year 2026 revenue guidance to at least AU$13.5 million from a previous expectation of at least AU$12 million.Coast Entertainment (ASX:CEH) secured Queensland Government approval for the development application in relation to its Coomera landholding, made in September 2023.

ASX Preview: Australian Shares Set for Soft Start as US-Iran Tensions Lift Oil; Deep Yellow Awards Two Construction Contracts Worth AU$34 Million for Flagship Namibia Project

Australian shares are set for a cautious start on Monday after Brent crude surged above $91 a barrel as escalating US-Iran hostilities and renewed disruptions around the Strait of Hormuz stoked fears of tighter global oil supplies and higher energy prices.On July 17, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 1%, 1.4%, and 0.8%, respectively.In the macroeconomy, investors are eyeing Australia's labor force report on Thursday.In corporate news, Deep Yellow (ASX:DYL) awarded two civil and concrete construction contracts with an aggregate value of about AU$34 million for its flagship Tumas project in Namibia.Perenti (ASX:PRN) said its subsidiary African Mining Services, through the AMAX joint venture, has reached an agreement with AngloGold Ashanti on an orderly transition plan for mining services at the Iduapriem Gold Mine in Ghana.Australia's benchmark index fell 0.5% or 44 points to close at 8,796.70 on July 17.

Deep Yellow Awards Two Construction Contracts Worth AU$34 Million for Flagship Namibia Project

Deep Yellow (ASX:DYL) awarded two civil and concrete construction contracts with an aggregate value of about AU$34 million for its flagship Tumas project in Namibia, according to a Monday filing with the Australian bourse.The first contract awarded to Namibia Construction has an estimated value of about AU$18.5 million, and the second awarded to Nexus Building and Civils Contractors has an estimated value of AU$15.5 million, per the filing.Mobilization is expected to start in August, with the civil and concrete works to be delivered sequentially, Deep Yellow said.The company is targeting a final investment decision for the project in the fourth quarter.

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Bravura Solutions (ASX:BVS): +13%, AU$2.31Deep Yellow (ASX:DYL): +9%, AU$1.48Silex Systems (ASX:SLX): +8%, AU$5.64DPM Metals (ASX:DPM): +7%, AU$50.74Metals X (ASX:MLX): +6%, AU$1.38Paladin Energy (ASX:PDN): +6%, AU$10.23Orezone Gold (ASX:ORE): +6%, AU$2.41Weebit Nano (ASX:WBT): +6%, AU$7.72DigiCo Infrastructure REIT (ASX:DGT): +5%, AU$2.62Capstone Copper (ASX:CSC): +5%, AU$12.85

Deep Yellow to Acquire Energy Resources of Australia's Stake in Northern Territory Joint Venture

Deep Yellow (ASX:DYL) entered into a binding agreement with Energy Resources of Australia (ASX:ERA) to acquire its 50% participating interest in the Cooper Creek joint venture, according to a Tuesday filing with the Australian bourse.The company will pay Energy Resources AU$648,000 cash upon completion of the transaction, expected to occur within 10 business days upon meeting standard conditions, the filing said.The joint venture holds two exploration license applications covering 810 square kilometers in the northern part of the Alligator Rivers uranium province in the Northern Territory, per the filing.Deep Yellow shares fell 1% in morning trade on Tuesday.

UBS Starts Deep Yellow at Buy with AU$2.15 Price Target

Uranium Producers Rise as New South Wales Uranium Bill Passes into Law

Shares of Australia-listed uranium producers rose in recent Thursday trade as the New South Wales Uranium Bill was passed into law on Monday, according to a Thursday statement by the Minerals Council of Australia.Shares of Deep Yellow (ASX:DYL) rose 5%, while Paladin Energy (ASX:PDN) gained 7% and Nexgen Energy (ASX:NXG) added 6%.The new legislation removes the NSW prohibitions on uranium mining and nuclear energy, according to the statement.

ASX Preview: Australian Shares Set to Fall as Oil Prices Surge on Stalled US-Iran Talks; Beach Energy Posts Lower March Quarter Production

Australian shares are poised to fall on Tuesday as oil prices surged to multi-week highs amid stalled US-Iran peace talks and ongoing disruptions in the Strait of Hormuz that have tightened global supply and stoked inflation concerns.Overnight, the S&P 500 and the Nasdaq Composite rose 0.1% and 0.2%, respectively, while the Dow Jones Industrial Average fell 0.1%.In the macroeconomy, the ANZ-Roy Morgan Australian consumer confidence rose 3.5 points to 67.8 in the week of April 20 to 26, ANZ reported Tuesday.In corporate news, Beach Energy (ASX:BPT) produced 4.8 million barrels of oil equivalent in the quarter ended March 31, slightly down from 4.9 million barrels of oil equivalent in the same period last year.Deep Yellow (ASX:DYL) said detailed engineering at its Tumas project in Namibia progressed to 68% complete, with bulk earthworks 91% complete and civil construction expected to commence in the next quarter.Australia's benchmark index fell 0.2% or 20.1 points to close at 8,766.40 on Monday.

Deep Yellow Says Detailed Engineering for Namibia Uranium Project Over 68% Complete

Deep Yellow (ASX:DYL) said detailed engineering at its Tumas project in Namibia progressed to 68% complete, with bulk earthworks 91% complete and civil construction expected to commence in the next quarter, according to a Tuesday Australian bourse filing.Tendering is now complete for 79% of all major process plant equipment packages, supporting procurement readiness and capital execution planning, the filing added.At its Mulga Rock Project in Western Australia, trade-off studies to inform a revised feasibility study have continued following successful piloting programs reported last year, with recent pilot plant testing confirming previously forecast recoveries of all targeted metals, including critical minerals and rare earths, while also lowering estimated operating costs, the filing added.The company said it will update the resource estimate using these improved modifying factors, while a seismic survey has identified priority drill targets for the 2026 exploration season at the Alligator River project in the Northern Territory.Group cash balance stood at AU$171.6 million as at March 31, it added.

Deep Yellow Completes Exploration Drilling at Namibia Prospect

Deep Yellow (ASX:DYL) completed reverse circulation infill drilling at the Tinkas prospect in Namibia, north-west of the Tumas project, on March 18, comprising 133 holes for 1,363 meters, according to a Thursday Australian bourse filing.Uranium mineralization of over 100 parts-per-million grade of triuranium octoxide-equivalent was intersected in 38 holes, the filing said. Further infill drilling may be required to establish a resource in the Tinkas area.The company also completed a high-resolution reflection seismic survey over the Condor Prospect at the Alligator River project in the Northern Territory to identify drill targets, per the filing. It aims to start drilling in the region in the June quarter.