Past year: ▲ 39%(29.0c – 56.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
27 Oct 2021agm notice● Neutral
Letter to shareholders says the AGM will be held in person in Perth on 30 November 2021, with proxies due 28 November. This replaces the 24 November date flagged earlier. Administrative only.
26 Oct 2021quarterly activities report● Neutral
September quarter report: cash was $4.38m at quarter end, excluding the $7.15m placement received afterwards. Restates the GEM-004 discovery, 7 extra claims and new appointments. Plans about 7,000m of Gemini winter drilling. Mostly repeats known events.
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.
30 Sept 2021agm notice● Neutral
Advance notice that the 2021 AGM is expected on 24 November 2021, with director nominations closing 6 October 2021. Administrative only; the date was later changed (see 27 October letter).
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.
30 July 2021quarterly activities report● Neutral
June quarter report: Gemini drilling began the week of 26 July, and the VTEM survey and Powerline/Cypress desktop review were completed. Tower and northern Gemini survey results are still pending. Holdings are 826 sq km in the Athabasca Basin. Mostly repeats known events.
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.
30 June 2021resource reserve update▲ Good
A review of historic data defined priority uranium targets at the new Powerline and Cypress projects, based on 268 radioactive occurrences and rock chips up to 7.31% U3O8. Targets will be refined in the September quarter, with drilling afterwards. Not a resource estimate.
11 June 2021investor presentation● Neutral
June 2021 corporate presentation updating earlier material: 21 claims across five projects, 28.5 cent share price (10 June) and Ellerston Capital at 6.17%. Repeats known Gemini survey results and drilling plans.
9 June 2021drilling result▲ Good
Preliminary airborne survey results at southern Gemini show several conductive features, some near earlier lake and bog uranium anomalies. Drilling of high-priority targets is scheduled for early July. Results are preliminary and not a discovery.
17 May 2021asset acquisition disposition▲ GoodMajor
92 Energy pegged two new projects, Cypress River and Powerline Creek, covering 23,000 hectares (seven claims) near the north-western edge of the Athabasca Basin, next to the historic Beaverlodge uranium district. Held 100%; expands the portfolio beyond the original three projects.
3 May 2021drilling progress report▲ Good
First exploration work began: a 2,500 line-km airborne electromagnetic (VTEM) survey over Gemini and Tower, flown by Geotech. It aims to define Gemini drill targets for late June, with Tower drilling planned for northern winter 2022.
3 May 2021investor presentation● Neutral
May 2021 corporate presentation repeating known facts: 100% of 14 claims, 66.2M shares, 26 cent price and $10.05M market cap at 30 April 2021. Gemini drilling targeted for late June to mid July.
3 May 2021director officer appointment● Neutral
Steve Blower resigned as IsoEnergy's board representative after leaving IsoEnergy, effective 30 April 2021, and stays as an exploration consultant. His 630,000 director options are forfeited; the board seat stays open until IsoEnergy names a replacement.
23 Apr 2021quarterly activities report▲ Good
March quarter report: the $7m IPO closed and the IsoEnergy agreement completed, giving 100% of 14 Athabasca claims. Permits granted for Gemini and Tower, with an airborne survey planned for late April/May and Gemini drilling from June/July.
13 Apr 2021other● Neutral
Top holders report as at 12 April 2021: IsoEnergy is the largest holder with 10,755,000 shares (16.25%), and the top 20 hold 45.47% of 66,185,001 shares. Administrative listing filing.
13 Apr 2021admin correction● Neutral
Pre-quotation confirmations: 35,000,000 shares issued at $0.20 on 6 April 2021, 66,185,001 shares and 7,785,000 options on issue, and the IsoEnergy agreement completed (16.25%). Pro-forma cash was about $7.19m. Mostly repeats listing details already known.
13 Apr 2021other● Neutral
Securities trading policy filed for listing, restricting insider trading and setting closed periods around reports for directors and key staff. Administrative, with no new commercial developments.
13 Apr 2021other● Neutral
Employee securities incentive plan template filed as a listing document. Administrative, with no new commercial developments.
