Each one in plain English, with the numbers worked through for a shareholder.
2 Feb 2017asset acquisition disposition▲ GoodMajor
Two newly granted licences, EL 31271 and EL 31279, add 240km2, lifting Core's 100%-owned Finniss tenure to over 400km2, a 250% increase. Drilling approvals for Zola and Ringwood are now in place for the 2017 field season.
31 Jan 2017quarterly activities report● Neutral
Quarterly report to 31 December 2016 recaps Finniss drilling, with 66 RC holes for 8,209m and four diamond holes this quarter. Cash is about $8.3 million. Shares on issue are 374.5M. Metallurgical test work has started and early development is being assessed.
30 Jan 2017drilling result▲ GoodMajor
Six new Grants RC holes all hit thick high-grade lithium, including 59m at 1.45% Li2O and 55m at 1.42%. Grants now spans over 250m of strike and is open at depth. Core says this strengthens the case for early direct-shipping ore production, and may consider a mining study.
16 Jan 2017drilling progress report● Neutral
Diamond drilling restarted at Grants to test depth extensions. The expanded Phase 2 RC program totalled about 6,900m and finished in December. Remaining assays are expected in late January and February 2017.
10 Jan 2017joint venture update▲ Good
Core, Liontown and Kingston Resources are jointly funding an airborne geophysical survey of 385km2 across the Bynoe/Finniss field, 2,234 line km, about 20 days. It is the first survey in the region in over 30 years and aims to find pegmatites under cover.
14 Dec 2016asset acquisition disposition▲ GoodMajor
Core agreed to buy 100% of granted EL 31058 (574km2) in the Barrow Creek pegmatite field, NT, for $85,000 cash plus 1,000,000 shares escrowed six months. It adds to the 2,500km2 of tenure recently granted nearby. No drilling there yet.
13 Dec 2016drilling result▲ GoodMajor
First Phase 2 RC results at the new Far West prospect, 500m from Grants, include 45m at 1.57% Li2O (FRC030) and 17m at 1.12%. Pegmatites were intersected over 1,000m of strike. Assays from further holes are still due.
7 Dec 2016drilling result▲ GoodMajor
Assays from four diamond holes confirm thick high-grade lithium: 48m at 1.53% Li2O (Grants FRCD003, including 5m at 2.53%) and 34m at 1.47% at BP33. These match the earlier RC results. Two RC rigs continue drilling; 400kg of core is being tested.
30 Nov 2016agm notice● Neutral
All resolutions at the 2016 AGM passed on a poll. They included the remuneration report, Heath Hellewell's re-election, ratification of 67,982,145 placement shares, new option and performance share plans, and performance rights for the two non-executive directors.
30 Nov 2016agm notice● Neutral
Chairman's AGM address recaps the shift from base metals and uranium to lithium and the early Finniss drilling success. It targets a maiden JORC resource in early 2017 and continued sale or joint venture of non-core assets. No new results.
24 Nov 2016drilling result▲ Good
The maiden diamond program is complete, with thick spodumene seen in all Grants holes. Core doubled its metallurgical sample to 400kg, sent to Nagrom in Perth, with results due early 2017. Core says it is fast-tracking assessment of early development opportunities.
15 Nov 2016investor presentation● Neutral
Conference presentation repeats known Finniss drilling results. It states about $10M cash, no debt, 373M shares and a market cap of about $29M (enterprise value about $19M). It mentions broad new pegmatite hits at Far West North in Phase 2 RC drilling, with no figures.
3 Nov 2016drilling spud▲ GoodMajor
Phase 2 RC drilling began at Finniss: at least 5,000m, with a second rig due next week. The diamond rig has moved to Grants. Applications to drill Zola and Ringwood are lodged; most assays are expected in December.
31 Oct 2016quarterly activities report▲ Good
Quarterly report to 30 September 2016 restates the Finniss discovery results, the EL 29698 transfer and the new licences. Cash is about $10 million including SPP funds. Shares on issue are 340,002,728, before the SPP issue.
28 Oct 2016capital raising announcement▲ Good
Core says the share purchase plan, targeting $2.5 million at 9 cents, was oversubscribed and closes today. Shares will be issued on 3 November 2016. No final amount raised is given.
25 Oct 2016drilling result▲ Good
First diamond core from BP33 shows coarse spodumene throughout a 40m intersection, which Core says looks promising for making concentrate. A 200kg core sample goes to metallurgical test work, managed by newly appointed Como Engineers.
20 Oct 2016drilling result▲ GoodMajor
Remaining Grants assays confirmed high grades: 40m at 1.66% Li2O (FRC018) and 31m at 1.61% (FRC017), plus 19m at 0.68% at Ahoys. EL 29698 transfer is now registered, so Core owns 100% of its NT lithium tenure. Cash is over $7m.
18 Oct 2016drilling result▲ GoodMajor
Core reports a newly mapped Ringwood Pegmatite Swarm on EL 31127, at least 2,000m long and 800m wide, between the Mt Finniss mine and Liontown's Sandras find. Surface mapping only, not drilled; likely part of early-2017 drilling alongside Zola.
12 Oct 2016capital raising announcement● Neutral
Share purchase plan offer opened to eligible shareholders: up to $15,000 each at 9 cents, a 14.2% discount to recent average price, targeting $2.5 million. It closes 28 October, with shares issued 3 November. This is the retail follow-on to the placement.
6 Oct 2016capital raising announcement▲ GoodMajor
Core raised about $6 million through a heavily oversubscribed placement of about 67 million shares at 9 cents, with Hartleys as lead broker. A $2.5 million share purchase plan at the same price follows. Diamond drilling began, funding faster Finniss work. Shares were about 3.5c in July.
What it means for a shareholder
67.0m new shares at $0.090 to raise about $6.0m. 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.
3 Oct 2016drilling result▲ GoodMajor
Grants assays returned the highest-grade lithium intersections drilled in the NT, best 49m at 1.78% Li2O from 71m, including 9m at 2.05%. Combined with BP33, Core says Finniss is a major discovery. Two Grants holes await assays.
30 Sept 2016other● Neutral
Appendix 4G and corporate governance statement lodged for the year to 30 June 2016, as the listing rules require. Administrative filing with no new information on projects or finances.
30 Sept 2016annual report● Neutral
Core's 2016 annual report was released, with the chairman calling it an excellent year for the lithium-focused company. The text provided is cut off before the financial figures, so no new numbers are available here.
30 Sept 2016director officer appointment● Neutral
Managing Director Stephen Biggins moves from a consultancy to an employment agreement from 1 October 2016: $284,700 a year including super for four days a week, plus 3,000,000 performance rights approved by shareholders on 18 August. He remains MD.
27 Sept 2016asset acquisition disposition▲ GoodMajor
Core was granted two 100%-owned licences, EL 31126 and EL 31127, covering 120km2 at Finniss. They include the large Zola pegmatite, now a future target. Core says it holds the largest NT lithium tenure. These were applications previously.
23 Sept 2016drilling result▲ GoodMajor
First assays at BP33 returned high grades, best 34m at 1.60% Li2O from 71m, including 7m at 2.02%. Core calls Finniss a major discovery. The 2,000m program is complete and remaining assays are due over coming weeks. This delivers on the earlier spodumene sightings.
6 Sept 2016drilling progress report▲ Good
First two Finniss prospects drilled hit thick pegmatite with visible spodumene: 60m at BP33 and 52m at Grants. No lithium grades yet; assays are expected in October. Three targets (Hills, Far West Central, Ah Hoy) are still to be drilled.
26 Aug 2016drilling spud▲ GoodMajor
Core began its first lithium drilling at Finniss: 2,000m of RC drilling across five targets on EL 29698. Drilling should finish about mid-September, with assays expected mid to late October 2016. This starts the program announced on 9 August.
17 Aug 2016regulatory community update▲ Good
Core won $190,000 of South Australian Government PACE co-funding to drill its Yerelina zinc project (EL 5015): seven diamond holes, about 2,000m, planned for 2017. Earlier drilling hit up to 6% zinc. Lithium at Finniss remains the focus.
15 Aug 2016farm in farm out completion▲ Good
Core exercised its option to buy EL 29698 from AU Exploration for $80,000, with completion expected within a week. The licence covers 25 historic tin-tantalum mines; first drilling there is planned for late August.
