Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
29 Nov 2019farm in farm out agreement▲ GoodMajor
Heads of agreement to acquire an initial 51% of the Blackwood Gold Project (EL 5479, Victoria), rising to 65% on a 300,000oz resource and 80% on a decision to mine. Also a $450,000 placement at 1.5c, subject to due diligence; second Victorian gold project after Bullarto South.
27 Nov 2019listing compliance notice● Neutral
ASX paused trading in Cauldron's securities pending a further announcement. No reason is given in the notice.
8 Nov 2019asset acquisition disposition▲ GoodMajor
Cauldron signed a heads of agreement to acquire an initial 60% of the Bullarto South Gold Project in Victoria, rising to 80% if a resource of at least 300,000oz gold is reported. Subject to due diligence and approvals; a move into gold beyond uranium.
28 Oct 2019quarterly activities report▼ Bad
September 2019 quarter: cash $296,212, down from $526,681. Cauldron says it has shortlisted three projects and is in advanced negotiations on two. Yanrey remains suspended.
27 Sept 2019other● Neutral
Appendix 4G for the year to 30 June 2019: corporate governance statement is on the website and board-approved. Administrative filing lodged with the annual report; no new information.
27 Sept 2019annual report● Neutral
Annual report for the year to 30 June 2019, listing Simon Youds as chairman and Jess Oram as CEO. The text provided shows no new project or resource news.
31 July 2019quarterly activities report▼ Bad
June 2019 quarter: cash $526,681, down from $0.791m. Four Yanrey tenements were surrendered, leaving 11 granted licences (1,050km2). A nickel project in Zimbabwe was identified, but no acquisition has been completed.
30 Apr 2019quarterly activities report● Neutral
March 2019 quarter: cash $0.791m, down from $1.13m. Shareholders voted on 25 February to remove Nicholas Sage, and Michael Fry replaces Catherine Grant-Edwards as CFO and secretary. Management says costs fell; no project deal yet.
15 Mar 2019half year report▼ Bad
Half-year to 31 December 2018: loss of $2.60m versus a $2.90m profit a year earlier. Nicholas Sage was removed as a director on 25 February 2019. Bennet Well resource unchanged at 30.9Mlb.
15 Mar 2019director officer appointment▲ GoodMajor
Simon Youds appointed non-executive chairman from 15 March 2019, filling the vacancy left by Tony Sage's November exit. He was Cauldron's Manager of Operations 2012-2016 and is CEO of Vector Resources, with African mining experience.
6 Feb 2019other● Neutral
Board says it will recruit a new chairperson, speed up project acquisitions (uranium and battery metals), keep advancing Yanrey and cut corporate costs. It says a new project could be announced soon. A strategy statement with no new deal or figures.
31 Jan 2019quarterly activities report▼ Bad
December 2018 quarter: cash fell to $1.13m from $1.75m. Yanrey work stays on hold pending WA uranium policy clarity. The lithium deal and Oceltip farm-in ended, and management is cutting corporate costs, which it says are much higher than peers.
7 Jan 2019regulatory community update● Neutral
Starry World Investment, holding more than 5%, has requested a general meeting to vote on removing director Nicholas Sage. The board must call it within 21 days, and the meeting must be held within two months. The reason is not stated.
2 Jan 2019security holder rights change● Neutral
20,000,000 unlisted options exercisable at $0.08 lapsed unexercised on 31 December 2018, as expected. No shares were issued; the share count stays at 329,289,708.
19 Dec 2018material agreement termination▼ BadMajor
Cauldron terminated the Oceltip farm-in on 18 December 2018 because Oceltip did not complete its due diligence in the agreed time. The $2m exploration commitment announced on 4 October falls away, and Cauldron keeps 100% of the tenements.
22 Nov 2018director officer appointment● Neutral
Tony Sage will not stand for re-election at the 22 November AGM, so Resolution 3 was withdrawn. He retires as a director immediately before the meeting, bringing forward the chairman exit announced on 14 November.
16 Nov 2018material agreement termination▼ BadMajor
The Pilbara lithium acquisition from Mercury will not proceed because some conditions were not satisfied, and the parties agreed to terminate. This ends the 5 October deal. Cauldron says it has copper-cobalt projects at an advanced stage of negotiation.
14 Nov 2018director officer appointment● NeutralMajor
Okewood has given notice ending its contract, so Tony Sage's appointment as non-executive chairman will cease on 31 December 2018, citing Okewood's increasing workload. Sage was the inaugural chairman after the Scimitar-Jackson merger, with almost 10 years of service.
2 Nov 2018asset acquisition disposition● Neutral
Cauldron and Mercury extended the deadline to complete the Pilbara lithium project acquisition to 8 November 2018. The deal announced on 5 October is still not completed.
29 Oct 2018quarterly activities report● Neutral
September 2018 quarter: cash $1.75m, down from $1.95m. Yanrey work remains on hold pending WA uranium policy clarity, and project generation continues with no deal yet completed. The AGM is set for 22 November 2018.
5 Oct 2018asset acquisition disposition▲ GoodMajor
Cauldron agreed to buy the Pippingarra and Marble Bar lithium projects (over 360km2, Pilbara) from Mercury Resources for 40m shares, 40m options, 60m performance shares, a 1% royalty and $500,000 cash. This is the first concrete step in its diversification away from uranium.
4 Oct 2018farm in farm out agreement▲ GoodMajor
Oceltip Metals agreed to fund $2 million of exploration over three years on tenements next to Yanrey (E08/2017, E08/2385-87, plus applications E08/2666-68) to earn 60%, with Cauldron keeping 40%. Oceltip can extend by two years if it spends at least $1m.
19 Sept 2018admin correction● Neutral
Revised 2018 annual report, re-issued to add a mineral resource statement and competent person statement required by the ASX Listing Rules (pages 5-7). The 30.9Mlb Bennet Well resource itself is not stated as changed.
28 Aug 2018other● Neutral
Appendix 4G for the year to 30 June 2018: the corporate governance statement is on the company website and approved by the board. Administrative filing lodged with the annual report; no new information.
28 Aug 2018annual report● Neutral
Annual report for the year to 30 June 2018. Tony Sage is non-executive chairman and Jess Oram is CEO. The auditor is BDO. The extracted text does not include the financial results. A revised version followed on 19 September 2018.
25 July 2018quarterly activities report● Neutral
June 2018 quarter: cash $1.95m, down from $2.45m. Yanrey fieldwork remains on hold awaiting WA uranium policy clarity, a new field leach trial is being planned, and the company says it expects to find a suitable new project, perhaps within the next quarter.
30 Apr 2018other● Neutral
Corporate governance statement for the year to 30 June 2017, lodged late in April 2018. It reports the board's compliance against the ASX governance recommendations. Administrative; no new operational or financial information.
24 Apr 2018quarterly activities report● NeutralMajor
March quarter: cash $2.45m. Uranium policy clarification is still awaited, so Cauldron has begun looking at other projects in Australia and overseas, including uranium, gold, lithium and cobalt. Yanrey now has 15 granted licences (1,548km2) and 4 applications.
26 Feb 2018half year report● Neutral
Half-year to 31 December 2017: profit after tax of $2,903,175 against a $1,238,735 loss a year earlier. The text does not give the cause. No Bennet Well development work was done because of uncertainty over Labor's uranium policy, and Boolaloo was surrendered in August 2017.
29 Jan 2018quarterly activities report▼ Bad
December quarter: cash $2.96m. Cauldron is still seeking clarity from the regulator on uranium exploration after the state ban. It is reviewing the Yanrey area for non-uranium minerals, and has surrendered both Boolaloo gold licences (104km2). Jess Oram becomes CEO from 1 January 2018.
