Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
20 Aug 2008drilling result▲ Good
The Yanrey program is complete (86 holes, 8,674m). Best results 2.1m @ 763 ppm and 3.2m @ 583 ppm eU3O8; five holes at the new palaeochannel 16km south hit best 0.8m @ 421 ppm. Company says it may expand the resource; no new figure.
12 Aug 2008drilling spud● Neutral
Drilling has started at the 100%-owned Marree project (SA): 19 mud rotary holes, about 3,000m, over a 7km strike length of an interpreted palaeochannel. This is the Lake Frome drilling flagged for mid-2008; results are expected by September.
31 July 2008quarterly activities report● Neutral
June 2008 quarter: first Bennet Well Inferred resource (4.8Mlb) announced, and drilling began at Yanrey, Amadeus and Eclipse. Marree (Lake Frome, SA) drilling due in August. Routine quarterly repeating known results.
16 July 2008drilling result▲ Good
First results from the 8,000m Yanrey aircore program: 21 holes (2,481m) west of Bennet Well extend mineralisation, best 2.30m @ 1,023 ppm eU3O8. Oxidised sands suggest a possible redox front further down the channel. Follows last week's 4.8Mlb resource.
9 July 2008resource reserve update▲ GoodMajor
First JORC resource: Bennet Well, Yanrey, has an Inferred 4.8 million lb eU3O8 at 300ppm (150ppm cut-off) over 1.2 sq km. This resolves the long-awaited Hellman & Schofield estimate; the deposit remains open to the north and west.
1 July 2008other● Neutral
New iron ore project, Mt Elvire (WA, one 120 sq km licence), outside the uranium focus. Rock chips from 88 samples include some high-grade iron results (up to 63.3% Fe); no resource defined. Early-stage, inference: a possible diversification.
26 June 2008drilling spud● Neutral
Drilling restarts at Orange Creek (Amadeus, NT, 5,000m) after the earlier 12 holes (707m) were halted for hard ground; best gamma 0.45m @ 190 ppm eU3O8. An 8,000m Yanrey program has also started, alongside completed Eclipse aircore (207 holes, 4,386m) awaiting assays.
30 Apr 2008quarterly activities report● Neutral
March 2008 quarter: Yanrey core test work (disequilibrium, porosity/permeability, density) completed and the initial resource estimate is being finalised. Orange Creek drilling was suspended after 12 holes (707m) due to hard ground, with the rig moved to Eclipse. Routine quarterly.
31 Mar 2008drilling spud● NeutralMajor
Scimitar is starting 10,000m of drilling in the Northern Territory, beginning with 6,000m of RC at Orange Creek in the Amadeus project, 25km south of the Angela and Pamela deposits now awarded to Paladin/Cameco. A 4,000m Eclipse aircore program follows.
31 Mar 2008investor presentation● Neutral
Notice of an audio recording of the Managing Director discussing the 31 March NT drilling announcement. No new information.
13 Mar 2008half year report● Neutral
Half-year report to 31 December 2007 reviews the completed Yanrey aircore and diamond drilling and REPTEM survey, and notes Lake Frome drilling is expected mid-2008. Directors now include Raj Logaraj, and the auditor is listed as Bentleys. Financial figures not visible in the extract.
13 Feb 2008investor presentation● Neutral
Notice of an audio recording of the Managing Director discussing the 11 February Yanrey palaeochannel announcement. No new information.
11 Feb 2008drilling scheduled▲ Good
The second REPTEM survey identified a new palaeochannel about 15km south of Bennet Well, where old CRAE drilling had best 1.85m @ 150 ppm and follow-up was never done. A drill program is expected to start in late March; EM now covers over 60% of Yanrey.
7 Feb 2008resource reserve update▲ GoodMajor
Hellman & Schofield have been hired to produce an initial resource estimate for Bennet Well, Yanrey, after 2007 drilling of 131 aircore, 8 mud rotary and 8 diamond holes. No resource figure yet; it is the step toward a first Scimitar resource. Core test work continues.
31 Jan 2008quarterly activities report● Neutral
December 2007 quarter: Yanrey aircore (12,312m program) and diamond drilling completed, the 730 sq km REPTEM survey finished with results being interpreted, Eclipse aircore (5,061m) and surveys finished, and Beadell surveys done. Routine quarterly repeating known results.
13 Dec 2007director officer appointment● Neutral
Raj Logaraj, a lawyer with Asian finance and corporate experience, joins as non-executive director, bringing the board to four. He will receive 500,000 options, subject to shareholder approval.
12 Dec 2007drilling result▲ Good
Eight diamond holes (857m) at Bennet Well are complete and correlate well with the earlier aircore holes, with best gamma results 1.74m @ 1,228 ppm (incl. 0.50m @ 3,542 ppm) eU3O8. Lab assays for disequilibrium are pending, resolving only part of the earlier open question.
28 Nov 2007agm notice● Neutral
All five AGM resolutions passed, including the remuneration report, a director's re-election and option grants to Messrs Topping, Hunter and McBain. Administrative result only.
13 Nov 2007drilling spud● Neutral
A 4,000m aircore program has started at the 100%-owned Eclipse project (NT), next to the 670t U3O8 New Well deposit, following trial Tempest EM. Airborne radiometric/magnetic surveys are also under way. This follows the earlier Eclipse survey work; assays still to come.
12 Nov 2007investor presentation● Neutral
Company presentation repeats known Yanrey, Eclipse and Amadeus material. Capital profile: 48.5m shares, 7.6m options, $5.5m cash, 2008 exploration budget $4.0m, share price $0.62. No new announcements of substance.
9 Nov 2007drilling result▲ GoodMajor
The 12,312m Bennet Well aircore program at Yanrey is complete, with best new results 3.36m @ 1,052 ppm (incl. 2.20m @ 1,468 ppm) and 0.60m @ 2,273 ppm eU3O8. Of 118 holes, 19 hit high grade. Both zones remain open; a 1,000m diamond program has begun.
8 Nov 2007drilling spud● Neutral
A 1,000m, roughly 12-hole diamond drilling program has started at Bennet Well after 184 aircore holes (19,215m). It will check assay grades against gamma estimates and gather geotechnical and permeability data. Note Manyingee's resource is quoted as 10,900 tonnes, down from 12,078.
30 Oct 2007quarterly activities report▲ Good
September 2007 quarter: 117 holes drilled at Bennet Well outlined two high-grade zones, with the 12,000m program still to finish. The 730 sq km REPTEM survey, Eclipse radiometric/magnetic surveys and Beadell EM and gravity surveys began. Routine quarterly.
29 Oct 2007annual report● Neutral
Printed 2007 annual report repeating the earlier financial report and project overview. It notes 103 holes (10,769m) drilled in the current Yanrey program, due to reach 12,000m. No new information.
24 Oct 2007drilling scheduled● Neutral
A ground gravity survey (1,120 stations over 10 sq km) has started at the 80%-owned Beadell Project to test two EM anomalies, alongside a 412 line km TEMPEST EM survey. These are geophysical surveys, not drilling.
17 Oct 2007drilling result▲ GoodMajor
Drilling outlined a second high-grade zone at Bennet Well, 500m by 300m and open to the northwest and southeast, with intercepts such as 3.8m @ 1,392 ppm eU3O8. 103 holes (10,769m) are done; the program is expanded to about 12,000m.
27 Sept 2007annual report● Neutral
Annual report for the year to 30 June 2007 shows a loss of $1,157,872 (2006: $983,694) and no dividend. It reviews Yanrey drilling and notes a further 10,000m program began September 2007. Board unchanged.
26 Sept 2007investor presentation● Neutral
Notice that an audio recording of the Managing Director discussing the 24 September Yanrey drilling results is available online. No new information.
24 Sept 2007drilling result▲ GoodMajor
Drilling extended the Bennet Well high-grade zone over 700m by 400m, with intercepts including 3.8m @ 1,309 ppm and 1.5m @ 2,497 ppm eU3O8. 63 holes are done and the program is expanded from 8,000m to 10,000m.
20 Sept 2007drilling scheduled● Neutral
A second airborne EM (REPTEM) survey of about 755 line km over 730 sq km of Yanrey starts later in September, extending coverage 50km north and 25km south of Bennet Well to find more palaeochannels. It is a survey, not drilling.
