Vimy acquisition just the start - Deep Yellow

Vimy acquisition just the start – Deep Yellow

PERTH ( – ASX-listed Deep Yellow Resource’s acquisition of fellow-listed Vimy Resources earlier this year was just the first step in the company’s merger and acquisition strategy.

Speaking on the second day of Paydirt’s Africa Downunder conference, in Perth, Deep Yellow head of business development Andrew Micro said that the company had undertaken a comprehensive review of about 200 uranium projects globally. The projects had been identified based on deposit quality, geography, operational metrics and potential shareholder creation, adding that work was ongoing to determine which of these assets would fit best within the Deep Yellow portfolio.

“It’s about getting the best fit to achieve our ultimate goal of being a tier one company with multi-jurisdictional assets, and with the aim of producing more than ten-million pounds of uranium a year in the future,” Micro told Mining Weekly Online on the sidelines of the conference. While unwilling to divulge the company’s […]

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