Australia's Deep Yellow jumps on appointing ex‑Rio executive to board

Deep Yellow

01/05/2026 01:33

** Shares of Deep Yellow DYL.AX jump as much as 6.7% to A$1.905, marking their strongest intraday gain since April  23

** Stock leads gains on both the energy sub-index .AXEJ and the benchmark ASX200 .AXJO, which are up 0.1% and 0.7%, respectively

** Uranium miner taps former Rio Tinto RIO.AX executive Sinead Kaufman as an independent non-executive director

** Says Kaufman brings over three decades of global resources expertise across commodities from uranium to iron ore, with senior leadership roles spanning underground and open‑pit operations

** DYL has slid 5.3% so far in the week, heading for its weakest performance in nearly seven weeks

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))