The story before 30 Nov 2011
The events that changed the company's story, in plain English, each written against everything known about the company at the time. The dot shows whether it was good, bad or neutral for shareholders.
2011
- 13 Oct
First Yorke Peninsula air-core drilling gave anomalous copper and high silver at two prospects, e.g. 182ppm copper and 6.7g/t silver at Target A. Only three of six targets reached basement. Follow-up drilling is planned around January 2012, and an airborne EM survey is planned.
drilling result
- 2 Aug
Core has started its first drilling since listing: the 4,000m air-core program on Yorke Peninsula's gravity and magnetic targets. Drilling should take about 3 weeks, with assays 6 to 8 weeks after. This follows the July delay.
drilling spud
- 7 July
Surface rock chips from the Mt Painter project assayed up to 10.5% copper and 624ppm uranium, from a shear zone up to 25m wide mapped over 650m. Core will return for more detailed mapping and sampling. Only surface samples so far.
drilling result
- 17 June
Core doubled its maiden Yorke Peninsula air-core program to 4,000m after gravity results. Drilling slips from mid-June to mid-July because the contractor is delayed. Soil results are due in July, and Mt Painter rock chip assays are also expected in July.
drilling scheduled
- 10 Mar
The Yorke Peninsula survey identified high-priority copper-gold targets in a setting Core says is like Rex Minerals' Hillside (170Mt at 0.7% copper). Soil and gravity surveys come first; drilling is planned for May-June 2011.
drilling scheduled
- 10 Feb
Core confirms completion of its purchase of Sturt Exploration Pty Ltd, issuing 8,000,000 shares and 4,000,000 options at $0.25 expiring June 2014. This secures the main licences set out in the prospectus.
asset acquisition disposition
- 10 Feb
Core Exploration was admitted to the ASX official list on 10 February 2011, with 27,625,000 shares at $0.20 noted. Trading was due to begin the next day under code CXO.
admin correction
2010
- 8 Dec
Core Exploration's prospectus offers up to 25 million shares at $0.20 to raise up to $5 million, lead managed by Bligh Capital. Proceeds fund copper, gold and uranium exploration on South Australian and Northern Territory licences being acquired from Sturt and DBL.
capital raising announcement