Past year: ▲ 39%(29.0c – 56.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
1 July 2022drilling result▲ GoodMajor
Calibrated gamma probe readings for GEM22-025 give 41.8m at 0.5% equivalent U3O8, including 6.4m at 2.0%, the best GMZ interval yet. GEM22-027 and 029 show the thickest zones (68.7m and 48.7m composite). These are probe estimates, not assays; assays due in 4-6 weeks.
17 June 2022capital raising announcement● Neutral
Prospectus lodged for the 11,153,847 flow-through shares announced on 14 June, priced at C$0.702 each. It is the formal offer document for that placement; no new raise size is stated in the excerpt.
17 June 2022drilling result▲ GoodMajor
First summer hole results: GEM22-025 cored 47.0m of continuous radioactivity averaging 2,366 cps, with a peak of 26,100 cps, the strongest at the GMZ so far (winter best 7,860 cps). Hand-held readings, not assays; the hole was still drilling.
14 June 2022capital raising announcement▲ GoodMajor
Raising about A$8.7m through 11,153,847 Canadian flow-through shares at A$0.78, a 22% premium to the A$0.64 close. Funds go to GMZ follow-up drilling and other exploration. The company must spend an equal amount on qualifying exploration by 31 December 2023. Canaccord is lead manager.
2 June 2022drilling spud▲ Good
Summer 2022 drilling at Gemini is set to start 10 June, an initial 6,000m using the same two Bryson rigs. It prioritises the up-dip area southwest of GEM22-019 and GEM22-022, plus tests at GMX, Camp West and Wilfried.
25 May 2022investor presentation● Neutral
May presentation repeats the winter assay results (17.0m at 0.38% U3O8 in GEM22-022) and a 6,000m summer program from the second week of June. Adds comparisons with other Athabasca deposits and uranium market commentary. No new results.
13 May 2022drilling result▲ GoodMajor
First assays confirm the GMZ radioactivity: GEM22-022 returned 17.0m at 0.38% U3O8, including 1.0m at 1.06%; GEM22-019 had 0.5m at 1.73%. This is far above discovery hole GEM-004 (5.5m at 0.12%). Eight GMZ holes still await assays; 6,000m summer program starts in June.
13 Apr 2022investor presentation● Neutral
April presentation repeats the winter results: 11 of 12 GMZ holes radioactive, GEM22-019 with 22m and 15,780 cps against 5.3m and 2,200 cps in discovery hole GEM-004. Assays still awaited; June follow-up drilling planned. No new information.
6 Apr 2022drilling result▲ GoodMajor
Winter program finished: 19 holes, 5,378m. Final four GMZ holes hit the strongest radioactivity yet, up to 15,780 cps over 22m in GEM22-019; 11 of 12 GMZ holes were radioactive. Zone spans 230m by 80m, open in all directions. Hand-held readings; assays due in 1-2 months, summer drilling in June.
25 Mar 2022security holder rights change● Neutral
10,755,000 unquoted shares will be released from escrow on 6 April 2022, with quotation to be applied for. Administrative notice continuing the staged release of restricted shares from the 2021 IPO period.
9 Mar 2022half year report● Neutral
Half-year report to 31 December 2021 shows an operating loss of $2.80m (versus $116,030 a year earlier), with no significant change in the company's affairs. It restates the $7.15m September placement and the GMZ discovery; 300,000 shares were issued to Axiom after period end.
7 Mar 2022drilling result▲ GoodMajor
Three new GMZ holes hit elevated radioactivity, including 14m of composite readings up to 2,230 cps in GEM22-006; the zone now spans 84m across strike. These are hand-held readings, not assays. A Camp West hole found nothing; 5,500m of drilling remains.
10 Feb 2022drilling spud▲ GoodMajor
The Gemini winter drill program has started, with two rigs on site and drilling due to begin that weekend. One rig follows up the GEM-004 discovery; the other tests the 1.8km northern trend, Camp West and Wilfried. The initial plan is 6,600m.
30 Dec 2021security holder rights change● Neutral
3,087,500 unquoted shares will be released from escrow on 8 January 2022 and 3,515,000 on 11 January 2022. Administrative notice continuing the staged release of IPO-era restricted shares.
20 Dec 2021admin correction● Neutral
Share registry Automic is moving its Perth office to 191 St Georges Terrace from 20 December 2021. Administrative notice with no bearing on the company's projects or finances.
24 Nov 2021investor presentation● Neutral
November 2021 presentation promotes the GMZ discovery (5.5m at 0.12% U3O8) and the 6,600m winter program from January 2022. It states AU$10+ million in the bank, fully funding follow-up drilling. Repeats known facts.
23 Nov 2021drilling scheduled▲ GoodMajor
A 6,600m winter drill program at Gemini is set for January 2022, mostly following up the GEM-004 discovery, plus a 1.8km trend to the north and two other targets. Bryson Drilling is contractor; the program is permitted. This firms up the January-March plan.
8 Nov 2021security holder rights change● Neutral
3,399,598 unquoted shares will be released from escrow on 16 November 2021, as flagged at the IPO. Administrative notice; the shares become tradeable once quoted.
18 Oct 2021director officer appointment▲ GoodMajor
Kanan Sarioglu appointed VP Exploration, and Steve Blower rejoins the board as a director, ahead of winter drilling at the Gemini discovery. Plans: two rigs, up to 7,000m. Performance rights proposed: 1.5M for Lancaster, 600,000 for Blower, 125,000 for Sarioglu, subject to shareholder approval.
30 Sept 2021annual report● Neutral
Annual report for the year to 30 June 2021 shows a loss of $2,701,193, in the company's first full financial year, with a chairman's letter highlighting the Gemini discovery. Otherwise largely repeats known events.
30 Sept 2021annual report● Neutral
Appendix 4G and corporate governance statement for the year to 30 June 2021, dated 27 September 2021. It confirms the governance statement is current and board-approved; administrative compliance filing with no new commercial information.
28 Sept 2021investor presentation● Neutral
September 2021 presentation promoting the Gemini discovery (5.5m at 0.12% U3O8). It shows a 76.5 cent price, $50.6M market cap before the placement, and 30 claims in five projects. Repeats known facts; June quarter cash was $6.525m.
28 Sept 2021capital raising announcement▲ GoodMajor
92 Energy raised A$7.15 million through a placement of 9,927,750 shares at A$0.72, a 5.9% discount to the last close. Funds will go to a major follow-up drill program at the Gemini discovery, other Athabasca projects and working capital.
What it means for a shareholder
9.9m new shares at A$0.720 to raise about A$7.2m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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20 Sept 2021drilling result▲ GoodMajor
Assays confirmed a discovery at Gemini: GEM-004 returned 5.5m at 0.12% U3O8, including 1.0m at 0.28%, from about 190m depth. The zone is open in all directions. This resolves the 1 September radioactivity result; follow-up drilling is planned for the January-March winter season.
3 Sept 2021price query● Neutral
ASX queried the rise from $0.24 (30 Aug) to an intra-day high of $0.625 on 3 Sep. 92 Energy said it knew of no undisclosed information, pointing to the 1 September drill result and the uranium spot price above US$37/lb.
1 Sept 2021drilling result▲ GoodMajor
Hole GEM-004 hit 5.3m of elevated radioactivity (averaging 760 cps, including 0.7m at 1,500 cps) about 190m deep at Gemini. Readings are from a hand-held device, not assays; assays are due in about four weeks. Drilling paused and seven claims (122 sq km) staked.
13 Aug 2021drilling result▲ Good
Preliminary survey results at Tower found two strong linear bedrock conductors and a third that may reflect clay alteration, 11km from Cigar Lake. Northern Gemini shows two significant conductors. This resolves the pending survey results; specific drill targets are not yet set.
26 July 2021drilling spud▲ GoodMajor
Diamond drilling began at the Gemini project, 92 Energy's first drill program since listing in April 2021. About 2,200m is planned, 12-17 holes, testing up to twelve targets; this follows the 5 July scheduling notice and the 9 June survey results.
12 July 2021director officer appointment● NeutralMajor
CEO Siobhan Lancaster became Managing Director on a $250,000 base salary, backdated to 1 July 2021, with six months' notice. Matthew Gauci moved from executive to non-executive director.
5 July 2021drilling scheduled● Neutral
Gemini summer drilling of about 2,200 metres (12-15 holes) is due to start the week of 19 July 2021, slightly later than the early July guided. Survey results for northern Gemini and Tower are pending; wildfires are monitored but pose no current threat.
