8 Dec 2021agm notice● Neutral
AGM set for 25 January 2022; director nominations close 15 December 2021. Administrative notice only.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Nov 2021drilling result▲ Good
Passive seismic at Yanrey's Flagstaff Prospect found multiple basement complexity targets for follow-up drilling, using the model built at Bennet Well (31Mlb). This is geophysics, not drilling or a new resource; WA's uranium ban still limits work.
16 Nov 2021drilling progress report▲ Good
Ground support at the Annie Laurie–Tyrconnel junction is stabilised, with fallen material nearly cleared after weather-related ground falls. Visible gold was seen in an old access rise; 22 channel samples were sent for assay. No assay results yet.
29 Oct 2021annual report● Neutral
FY2021 annual report, including chairman's letter and full financial statements. The provided text is truncated before any financial figures. The chairman says Blackwood is mid-drilling, the sand project is poised, and Yanrey is potentially most valuable but blocked by WA's uranium ban.
29 Oct 2021other● Neutral
Appendix 4G corporate governance checklist lodged with the annual report, dated 29 October 2021. Administrative compliance form with no new company information.
26 Oct 2021quarterly activities report● Neutral
September 2021 quarter: Blackwood drilling began mid-August, but the first two holes hit an old mined void and ground support is now expected to finish by mid-November. WA Sands: MLA09/150 appeal failed, replacement application lodged; sand trial mix exceeded marine-grade concrete strength.
18 Oct 2021drilling result● NeutralMajor
Two Blackwood holes near the Annie Laurie reef hit an old mined void before reaching their targets, so no gold assays yet. Ground support work, about four weeks, is needed before drilling resumes from the other side. A Prospectors Licence (PL7763) application was accepted.
30 Sept 2021annual report● Neutral
Annual financial report for the year to 30 June 2021. The provided text covers only the directors' report and contents; no financial figures are readable. It records that Jess Oram resigned as CEO on 15 July 2021 to join Paladin Energy, staying as a non-executive director.
8 Sept 2021capital raising announcement▲ Good
The $1.2m placement at 3.4c is completed: 35,294,118 shares and 17,647,059 free 5c options (expiring Nov 2023) were issued. Shares on issue rise to 491,293,630. Confirms the earlier announced raising; the company reports demand of over $2.7m.
7 Sept 2021capital raising announcement● NeutralMajor
Cauldron raised $1.2m via a placement of 35,294,118 shares at 3.4c, a 20% discount to the last close, with one free 5c option per two shares (expiring Nov 2023). Lead manager 180 Markets gets a 6% fee. Funds go to Yanrey seismic, Blackwood drilling, sand and working capital.
What it means for a shareholder
35.3m new shares at A$0.034 to raise about A$1.2m. That's 7.2% dilution: every existing holder's slice gets 7.2% smaller. If you held A$1,000 of shares (29,412 at the issue price), your slice goes from 0.00645% to 0.00599% of the company. To keep it you'd need 2,276 more shares - about A$77 at the issue price.
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16 Aug 2021drilling spud▲ GoodMajor
Underground drilling has started at Blackwood, with Core Prospecting's Kempe rig drilling from the Tyrconnel adit, ahead of the mid-August target. It targets extensions of historically mined high-grade reefs. The first drilling at the project; no results yet.
9 Aug 2021drilling progress report● Neutral
Cauldron installed over 450m of compressed air and water lines in the Tyrconnel adit, and Core Prospecting has begun mobilising, targeting drilling by mid-August. The company says it is fully funded for the program. Preparatory step; no drilling results yet.
30 July 2021quarterly activities report● Neutral
June 2021 quarter: Blackwood received its final consent, a drilling contractor was engaged and drilling is expected mid-August. WA Sands is four of eight licences transferred, with MLA09/150 and ML08/487 disputes ongoing. Yanrey work remains suspended. Concrete plant leases agreed.
12 July 2021director officer appointment▲ Good
Mark Burdett, a structural geologist, is hired as Chief Exploration Geologist for Blackwood, starting August 2021 to guide the underground drill program. He joins Asha Rao and consultant Stewart Govett. Team-building only; no results or cost stated.
5 July 2021contract award▲ GoodMajor
Cauldron signed a services agreement with Core Prospecting for underground diamond drilling at Blackwood, using the Tyrconnel adit. This fills the drilling contractor gap noted in the June quarter. Drilling is expected to start in the coming weeks; no contract cost is stated.
1 July 2021director officer appointment▲ Good
Asha Rao, who helped build the exploration model for Yanrey's Bennet Well uranium deposit, returns as full-time Exploration Manager. She has 16 years' gold and uranium experience and will work on Yanrey and Blackwood. A staffing addition, no results or cost stated.
28 June 2021asset acquisition disposition● Neutral
Cauldron applied for two new exploration licences north of its Yanrey uranium project, which would lift the landholding to 1,860km2 if granted. Applications only, not yet granted. Bennet Well resource restated at 31Mlb; the project is otherwise suspended under WA's uranium policy.
25 June 2021regulatory community update▲ GoodMajor
Melbourne Water consent was received, the final regulatory step for Blackwood underground exploration via the 1.5km Tyrconnel adit, following ERR approval in March. Cauldron is free to start. CEO Jess Oram is to move to a non-executive board role in coming weeks.
1 June 2021asset acquisition disposition▲ GoodMajor
Cauldron is now registered 100% owner of three exploration licences and one miscellaneous licence at the Ashburton River mouth, part of the WA Sands deal. The second share tranche is split: 4m shares now, 4m when ML08/487 transfers. Shares on issue rise to 455,999,512.
25 May 2021director officer appointment● NeutralMajor
Simon Youds, non-executive chair since March 2019, becomes Executive Chair, responsible for turning the sand projects into a cash-generating business. Pay is $4,000 a month fixed plus $100 an hour for project work, up to 160.8 hours a month. Signals sand is now a priority.
6 May 2021material agreement● Neutral
Cauldron signed a lease with Kuuwa Rentals (BTAC-majority-owned) for a mobile concrete batching plant in Onslow, currently not operating. It plans to recommission it to supply regional projects. Moves Cauldron toward concrete supply; lease terms and costs are not stated.
4 May 2021material agreement● Neutral
Cauldron signed a one-year lease of an industrial site in Onslow from Traditional Owner group BTAC, where a idle mobile concrete batching plant sits. It intends to lease and recommission the plant. A small step beyond sand exploration; no cost is stated.
29 Apr 2021quarterly activities report● Neutral
March 2021 quarter: Blackwood underground approval was received and the site visit held; mining and drilling contractors are still to be engaged. WA Sands is not complete, with MLA09/150 and ML08/487 legal proceedings ongoing. Yanrey work remains suspended; passive seismic at Flagstaff was flooded out.
8 Apr 2021regulatory community update▲ Good
The early-April Blackwood site visit to start community engagement is done, which Cauldron calls the last external hurdle before underground sampling and drilling through the Tyreconnel adit. It plans hand-held, low-carbon methods. Continues the March approval; no drilling has started.
1 Apr 2021other● Neutral
Cauldron extends its net zero carbon message to the WA river sand projects, citing a global sand shortage and aiming to limit fuel-powered equipment. Promotional commentary only; the sand acquisition is still subject to conditions, with no new results or figures.
30 Mar 2021other● Neutral
Cauldron commits to a net zero carbon target across its projects, arguing in-situ recovery uranium, narrow-vein gold and sand projects are inherently low-energy. It is engaging expert advice. No new results or financial figures; the Bennet Well field leach trials remain uncompleted.
23 Mar 2021drilling scheduled● Neutral
Cauldron's team will be on site at Blackwood from 29 March 2021 for five to seven days to organise logistics for the approved underground drilling program and begin community engagement. No drilling has started yet.
18 Mar 2021regulatory community update▲ GoodMajor
Victorian regulator approved the Blackwood underground drilling and sampling program ahead of expectations, giving access to over 1.5km of tunnels via the Tyreconnel Adit. This clears the Barry's Reef-area approval and lets equipment and personnel be mobilised.
16 Mar 2021half year report● Neutral
Half-year to 31 December 2020 shows a profit after tax of $143,249, against a $819,643 loss a year earlier. It records the Blackwood 51% interest, the $1.6m placement and the WA Sands agreement. Yanrey was inactive. The source of the profit is not given in the provided text.
15 Mar 2021regulatory community update▲ Good
The Victorian regulator reports Cauldron's plan to re-open over 1.5km of Tyreconnel adit tunnels for underground drilling and sampling at Blackwood is progressing towards approval, with a go-ahead expected mid-year. Restates historic production of about 220,000oz.