Each one in plain English, with the numbers worked through for a shareholder.
6 Oct 2015drilling spud▲ GoodMajor
Maiden drilling has started at Jervois Domain: at least 4,000m of shallow RAB and RC holes testing 14 targets over a 15km strike. Drilling should take about 2 weeks, with assays expected in 4-6 weeks. This follows the slip from the late August start.
29 Sept 2015admin correction● Neutral
Annual corporate governance statement and Appendix 4G lodged for the year to 30 June 2015. A compliance filing with no business news.
29 Sept 2015annual report● Neutral
2015 annual report. The chairman calls 2014/15 a tough year; Core cut full-time staff from four to three and moved offices to reduce rent. It lists Albarta completion, Jervois targets and Yerelina's anomaly. Financial figures are not in the readable text.
7 Sept 2015drilling spud▲ GoodMajor
Diamond drilling has started at Yerelina: six angled holes, about 1,000m, under outcropping zinc-lead-silver mineralisation at Great Gladstone and Big Hill. It is the first drilling of these targets. Drilling takes 3-4 weeks, with assays expected in October.
2 Sept 2015capital raising announcement● NeutralMajor
The SPP closed raising only $125,500 from shareholders (5.02M shares at 2.5c); underwriters took 18.98M shares, bringing the total to $600,000, plus 12M options at 5c expiring 31 August 2017. Fees of 6% are payable. Both drilling programs are now funded, with Jervois starting late September.
What it means for a shareholder
5.0m new shares at $0.025 to raise about $125,500. 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.
2 Sept 2015admin correction● Neutral
Administrative notice that 5,000,000 shares held in voluntary escrow will be released after 3 October 2015. These are the Albarta-deal shares flagged earlier. No new business.
24 Aug 2015drilling scheduled▲ Good
Six diamond holes (about 1,000m) at Yerelina are due to start next week, 50% co-funded by the SA Government through the $75,000 PACE grant. Drilling should take 3-4 weeks, with assays expected in October. This is the first drilling at the never-drilled project.
19 Aug 2015farm in farm out agreement▲ GoodMajor
Core signed a non-binding MOU with an unnamed offshore party to earn up to 80% of the Inkheart/Blueys tenement (EL 28136) by spending $2M over 2 years: 51% for $1M in 12 months. Subject to about 3 months' due diligence and funding approval; a JV is expected around end-2015.
18 Aug 2015admin correction● Neutral
Revised version of the 17 August shareholder letter and project overview, with a competent person statement and a list of prior releases added. The letter content is unchanged. It carries no new information.
18 Aug 2015capital raising announcement● Neutral
Chairman's letter to shareholders restates the SPP: $1.0M target at 2.5c, $600,000 underwritten by Pulse Markets, closing 26 August. It adds that Jervois approvals are in and Yerelina diamond drilling starts within weeks. A mailing of known terms; no new facts.
10 Aug 2015drilling scheduled▲ Good
Core has all approvals for its maiden Jervois Domain drilling: at least 4,000m of shallow RC drilling across 14 targets on a 15km strike, with the rig due in September. It says the SPP underwriting funds it. This firms up the earlier 'late August' start, which has slipped.
23 July 2015capital raising announcement● Neutral
The chairman's letter and terms for the Share Purchase Plan were sent to shareholders: up to $15,000 each at 2.5c, targeting $1.0M, with Pulse Markets underwriting $600,000. Closes 26 August 2015. This is the offer document for the already announced raise.
16 July 2015capital raising announcement● NeutralMajor
Core launched a Share Purchase Plan to raise up to $1.0M at 2.5c per share, partially underwritten for $600,000, to fund maiden Jervois RC and Yerelina diamond drilling. Underwriters get up to 12M options at 5c, expiring 31 Aug 2017. First drilling is due late August.
7 July 2015drilling progress report▲ Good
A review of 1960s stream sediment data shows a zinc and lead anomaly over more than 30 square kilometres at Yerelina, including Big Hill and Great Gladstone. Core's soil surveys target it; first drilling is expected this quarter. No new assays.
3 July 2015other● Neutral
Core commented on Quasar's $71.3m offer for Alliance Resources' 25% of the Four Mile uranium project next to Fitton, and restated old Fitton results such as 60m @ 482ppm U3O8. No new work or Fitton change announced.
18 June 2015drilling scheduled▲ GoodMajor
The Northern Territory Geological Survey awarded $96,000 to co-fund a 1,000m diamond drilling program at Inkheart, planned for the second half of 2015, to test beneath earlier RC intersections. This resolves the open question of what comes next at Inkheart.
16 June 2015drilling result▲ Good
Yerelina exploration found a new mineralised shear, Grace, with up to 14% combined lead and zinc in handheld XRF rock chips, taking known high-grade structures to six. Drilling is targeted as early as Q3 2015; these are surface readings only.
4 June 2015drilling result▲ GoodMajor
Geophysical modelling with CSIRO defined 14 potential drill targets along a 15km strike at Jervois, plus a 10km stratiform chargeable zone. Core says drilling needs significant funding and it is negotiating with a possible JV partner. This is modelling, not drilling.
3 June 2015admin correction● Neutral
Core moved its office to 26 Gray Court, Adelaide, saying the move significantly cuts rent. Executive and senior management have voluntarily reduced fees until market conditions improve. Core also cites a South Australian GAP grant and Federal, Territory and State co-funding awarded in 2015.
2 June 2015drilling result▲ Good
New sampling at Yerelina found a gossan over 10m wide at Big Hill, part of a shear zone anomalous in zinc, lead and silver over at least 2km. Channel samples up to 3% zinc. Surface sampling only; the area has never been drilled.
13 May 2015drilling scheduled▲ Good
Initial geophysical modelling with CSIRO has identified multiple potential drill targets at Jervois, notably the Dante prospect. Phase 1 modelling is due by end of May, then ground geophysics and drill planning. The March 2015 drilling start has slipped, and no drill date is given.
13 May 2015investor presentation● Neutral
May 2015 company presentation recaps Jervois multiple drill targets, the NTGS Big-J study, Black Gate soils, Yerelina's PACE-funded drilling and the Fitton uranium discovery. It repeats previously announced facts; no new results in the readable text.
5 May 2015drilling result▲ Good
Soil surveys at the new Black Gate prospect, 25km west of Inkheart, show anomalous zinc, lead and silver, with zinc about an order of magnitude higher than at Inkheart. The anomaly is over 1km and open south. These are soil results, not drilling.
22 Apr 2015drilling scheduled▲ GoodMajor
Core won a $75,000 South Australian PACE grant to co-fund six diamond holes (about 1,000m) at its Yerelina zinc-lead-silver project, planned for the second half of 2015. Rock chips have run up to 14.7% zinc and 567 g/t silver; the area has never been drilled.
13 Apr 2015investor presentation● Neutral
Uranium conference presentation recaps the Fitton discovery in South Australia, including 60m @ 482ppm U3O8 at Scott Lee drilled in 2012-13. These are old results; no new work is announced, and Fitton remains on hold per earlier updates.
31 Mar 2015investor presentation● Neutral
March 2015 company presentation recaps the Albarta and Jervois projects, the NTGS Big-J study and the pending CSIRO analysis. It appears to repeat known facts; no new results in the readable text.
30 Mar 2015regulatory community update▲ Good
A Northern Territory Geological Survey study independently supports Core's view that the Big-J fold may be an extension of KGL's Jervois geology, with 15km of strike on Core's tenure. CSIRO study now runs to July 2015; soil sampling and ground geophysics come first. Drilling is not re-dated in the text.
19 Mar 2015security holder rights change● Neutral
Notice that 5,000,000 escrowed shares, part of the Albarta buyout consideration, will be released from voluntary escrow after 3 April 2015. These shares can then be sold, which is a potential supply increase. The other 5M stay escrowed to October 2015.
27 Feb 2015half year report● Neutral
Half-year report to 31 December 2014 shows a net loss of $226,646. It restates the period's activity: Jervois airborne surveys, Inkheart silver-lead intersections, and completed Virginia and Copper Royals drilling. No new information in the extract.
10 Feb 2015material agreement▲ Good
Core signed a Federal Government co-funded research agreement with CSIRO to analyse airborne EM and magnetic data over Jervois and Albarta. Phase 1 targets Jervois extensions; Phase 2 is regional. It formalises the CSIRO alliance ahead of the maiden Jervois drilling. No funding amount stated.
