Past year: ▲ 39%(29.0c – 56.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Sept 2022asset acquisition disposition▲ GoodMajor
Staked the Wares Uranium Property, two claims totalling 1,284.9ha in the northern Athabasca Basin, 60km from Uranium City. Adjacent historical hole had 0.1m at 0.18% U3O8. Adds a sixth project to the portfolio; no cost is stated.
30 Aug 2022other● Neutral
Notice of an investor webcast on 1 September 2022 to discuss the GMZ summer assays and next steps. Administrative; no new results.
29 Aug 2022investor presentation● Neutral
Company presentation on the GMZ discovery, repeating the 25 August assays (43.0m at 0.62% U3O8) and the 220m of 1.8km strike tested. Notes geophysics scheduled for fall 2022 and winter 2023 drilling to follow. No new results.
25 Aug 2022drilling result▲ GoodMajor
First summer chemical assays (6 of 21 GMZ holes): GEM22-025 returned 43.0m at 0.62% U3O8, including 6.0m at 2.17% within 18.0m at 1.16%, the highest-grade GMZ interval so far. These confirm the earlier probe estimates; GMZ remains open. Winter 2022/23 follow-up planned.
18 Aug 2022drilling result▲ GoodMajor
Summer program finished: 7,160m in 25 holes. 17 of 21 GMZ holes hit mineralisation, including GEM22-042 with 49.9m composite (3.6m at 0.9% eU3O8). The GMZ is now defined over 220m by 200m and remains open. Chemical assays due in 6-8 weeks.
1 Aug 2022drilling scheduled▲ Good
A maiden 1,500m drill program at the Tower project, about 10km from the Cigar Lake mine, is planned for mid-September 2022 after Gemini drilling ends. Tower has only four historical holes. This begins testing the company's second project.
28 July 2022quarterly activities report● Neutral
June quarter report restates winter assays and summer probe results (41.8m at 0.5% eU3O8 in GEM22-025), the program extension to 7,200m, the A$8.7m flow-through raise and the OTCQX listing. Mostly repeats known results; cash figure not visible in the excerpt.
26 July 2022drilling scheduled▲ Good
Summer Gemini program extended by 1,200m to 7,200m, with about 2,966m left to drill, focused on expanding the GMZ. Follows the 41.8m at 0.5% eU3O8 result. Completion expected by end of August 2022.
25 July 2022drilling result▲ Good
Probe results for further summer holes: 12 of 14 summer holes have hit mineralisation. GEM22-037 has 34.2m composite starting 65m below surface, and mineralisation begins as shallow as 60m. The GMZ stays open in several directions; chemical assays still awaited.
21 July 2022other● Neutral
Shares will also trade on the OTCQX market in the US (ticker NTELF) from 21 July 2022, giving North American investors easier access. The ASX remains the primary listing. No change to the business or funding.
18 July 2022drilling result▲ Good
Final winter assays: GEM22-006 returned 8.0m at 0.25% U3O8 (including 1.0m at 0.78%) and 5.0m at 0.14%. Nine of 12 winter GMZ holes hit mineralisation. This completes winter assays; the best winter results were already reported in May.
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.
28 Apr 2022quarterly activities report● Neutral
March quarter report: cash $6.58m. Restates 5,379m winter drilling and strong radioactivity in the last four GMZ holes; assays expected within weeks and summer drilling from early June. Planning done for other projects. Mostly repeats known results.
28 Apr 2022quarterly activities report● Neutral
Amended re-lodgement of the March quarter report, the same day as the original (which was mislabelled as December quarter). Content appears identical: cash $6.58m and 5,379m winter drilling. No new information.
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.
17 Jan 2022quarterly activities report● Neutral
December quarter report: cash $9.7m. Winter planning is complete; road upgrades are underway, and two rigs will mobilise for the 6,600m Gemini program starting late January to early February 2022. Neighbour Baselode hit up to 15.5m at 0.13% U3O8 about 290m south of GEM-004.
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.
