Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) is pleased to advise that a detailed review of the Company has been completed and a strategic growth plan has been developed; Executive Management will now focus its attention on execution and adding shareholder value.
Traprock's well known historical deposits around the Mt Morgan area in Queensland are the home to a potential multi-million ounce bonanza. Previous mining has shown a start-up resource of 3.6 million tonnes of ore left behind by previous mining operations.
Deep Yellow Limited (ASX:DYL) (OTCMKTS:DYLLF) announces the appointment of Mr John Borshoff as CEO and MD and the establishment of a strategic relationship with an affiliate of the Sprott Group (TSE:SII). Concurrently, an affiliate of Sprott will be making an initial A$1.42M investment to recapitalise DYL and support the Company's future growth strategy, anchored by its flagship Namibian assets.
Korab Resources Limited (ASX:KOR) is pleased to report that it has been advised by third party that historical drilling indicates presence of high grade zinc, lead and silver mineralisation within Korab's exploration ground near Batchelor town in the Rum Jungle mineral field.
KGL Resources Limited (ASX:KGL) continued to discover new areas of mineralisation at the 100% owned Jervois Copper-Silver-Gold Prospect in the Northern Territory.
Denis Wood the Chairman of KGL Resources said "I wish to thank the shareholders for their support in the entitlement issue. The strong take up from existing shareholders is a great show of support in a tough market environment. The funds will be used to further advance the high grade Jervois Copper Project."
KGL Resources Limited (ASX:KGL) is pleased to announce a capital raising to raise up to $3 million by way of a two for nine pro rata non-renounceable entitlement offer, fully underwritten by Denis Leslie Wood (Entitlement Offer).
