Past year: ▲ 219%(1.80c – 12.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Aug 2006drilling result▲ GoodMajor
Final five holes of the 22-hole, 2,181m Yanrey program gave the best result yet: 3.2m at 600 ppm eU3O8, including 1.0m at 1,340 ppm. Grades are from gamma logging, not yet lab-confirmed. A further 2,500m program is planned for early September.
31 July 2006quarterly activities report● Neutral
June 2006 quarter: Yanrey aircore drilling at Bennet Well finished, best 2.6m at 465 ppm eU3O8. New licences granted at Amadeus (NT) and Marree (SA, EL 3557); a TEMPEST airborne survey is due in August at West Lake Frome. Routine update.
28 July 2006investor presentation● Neutral
Uranium conference presentation repeating known facts: 34.0 million shares, $1.7 million cash, 20,000 sq km of uranium projects, and drilling under way at Yanrey since June 2006. No new announcements.
25 July 2006drilling result▲ GoodMajor
Interim Yanrey results: 17 holes for 1,622m of the planned 3,000m extended uranium mineralisation south at Bennett Well. Best intercepts were 2.6m at 465 ppm and 1.05m at 559.5 ppm eU3O8. Modest grades; drilling continues.
21 July 2006director officer appointment● Neutral
Non-executive director Matthew Gauci resigned on 21 July 2006 after nearly two years on the board, stepping down to pursue external opportunities. Managing Director Terry Topping remains.
28 June 2006drilling spud▲ GoodMajor
The delayed 3,000m drill program has started at the Yanrey uranium project in WA, after weather and rig delays. A 489 line-km Hoist EM survey is complete and has clearly identified the Bennet channel, providing drill targets.
28 Apr 2006quarterly activities report● Neutral
March 2006 quarter: Yanrey area expanded and drilling delayed by cyclone rain to mid-to-late May. Also reported: Amadeus licence granted, Lake Frome licences granted, and the Vettersburg gold drilling completed. Routine update.
7 Apr 2006regulatory community update● Neutral
Scimitar applied for another Yanrey licence (E08/1658, 622 sq km), lifting the project to 1,840 sq km. The 3,000m Bennet Well drill program, previously due in April, is delayed by heavy rain until late April.
23 Mar 2006capital raising announcement● Neutral
The $1,000,000 placement announced on 3 March was finalised. This completes the raising at the announced size; the company will apply for quotation of the shares.
17 Mar 2006regulatory community update▲ Good
One Amadeus Basin licence (EL 24704) was granted in the Northern Territory, with two applications, together covering 2,780 sq km south of Alice Springs. Adds another uranium project; Scimitar will target roll-front mineralisation like the nearby Angela deposit.
16 Mar 2006half year report● Neutral
Half-year to 31 December 2005: loss of $253,107 and cash down to $1.32 million from $1.96 million at June. The company says it is moving to uranium exploration and now controls over 20,000 sq km of tenements.
3 Mar 2006capital raising announcement● NeutralMajor
Scimitar arranged a private placement of up to $1 million, issuing up to 3,333,333 shares at $0.30, to fund a 3,000m air core drill program at Yanrey from early April. Brokers also receive 1.11 million options at $0.40.
What it means for a shareholder
3.3m new shares at A$0.300 to raise about A$1.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
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.
31 Jan 2006quarterly activities report● Neutral
Duplicate lodgement of the December 2005 quarterly report (ref 3), with the same content: Yanrey and Eclipse licences granted, Lake Frome EM survey done, Vettesburg gold drilling started. No new information.
31 Jan 2006quarterly activities report● Neutral
December 2005 quarter: four Yanrey (WA) licences granted and a Flagstaff JV with Placer Dome, Eclipse (NT) licences granted, an EM survey at Lake Frome, and a 1,600m gold drill program started at Vettesburg. Routine quarterly; drilling at Yanrey planned for March quarter.
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.
