Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Feb 2006regulatory community update▲ Good
Two more South Australian licences were granted for the Lake Frome uranium project: Mawson (EL 3502, 88 sq km, near Marathon's Mt Gee deposit) and Marree (EL 3510, 633 sq km). Expands the uranium land position; no drilling results yet.
24 Feb 2006drilling result▲ GoodMajor
Scimitar's 13-hole, 1,672m drill program at Vettersburg (Bardoc gold project, farm-in with Cazaly) found a new gold zone, with best intercepts of 9m at 2.8 g/t and 3m at 8.41 g/t. Stockade is only a first pass; more drilling is needed.
1 Feb 2006other● Neutral
Heron Resources announced it completed buying Helix's 25% of the Highway nickel project, paying $150,000 cash plus 1,541,880 Scimitar shares. Relates to Heron's own project, not Scimitar's operations; mirrors ref 5.
1 Feb 2006other● Neutral
Helix Resources announced it sold its 25% of the Highway nickel project to Heron for $610,000, receiving 1,541,880 Scimitar shares (29.8c each) plus $150,000 cash. Another company's deal; it only shows Scimitar shares moving between holders.
11 Jan 2006regulatory community update▲ GoodMajor
Scimitar Resources (the company that later became Cauldron) was granted three exploration licences at its Eclipse Uranium Project in the Northern Territory, covering 3,735 sq km northwest of Alice Springs. Field mapping has found uranium anomalies and calcrete as a 2006 exploration focus.
11 Jan 2006other● Neutral
3,400,000 fully paid shares will be released from escrow on 28 January 2006, and the company will seek quotation of them. Administrative notice only; no new funds raised.
