Each one in plain English, with the numbers worked through for a shareholder.
9 Aug 2016drilling scheduled▲ GoodMajor
Core has all statutory approvals and a drilling contractor for its first lithium drilling: 2,000m of RC across 5 targets at Finniss, starting by end of August. Drilling is to finish about mid-September, with assays expected mid to late October 2016.
5 Aug 2016drilling scheduled▲ Good
Core named BP33, a 25-40m wide pegmatite, as a lithium drill target at Finniss. 1980s drilling found tin and tantalum but no lithium assays. Neighbour Liontown hit 16m at 1.1% Li2O next door. Drilling is planned for August.
29 July 2016quarterly activities report● Neutral
June quarter report recaps Zola, Finniss tenure of 454km2 in applications plus the EL 29698 option, and lodged drill approvals expected in August. Cash is $2.4M, down from $2.9M. No new results.
11 July 2016investor presentation● Neutral
July presentation repeats the Finniss, Zola and Anningie story. It gives market cap about $9M, share price about 3.5c, cash about $2.4M at 30 June and 118M options. Drilling approvals are expected next month. No new results.
6 July 2016asset acquisition disposition▲ GoodMajor
Core applied for two more exploration licences, doubling the Finniss lithium holding to 480km2. These are applications only. Drilling approvals are expected next month, and a soil survey over drill targets is nearly complete.
23 June 2016other▲ GoodMajor
Core identified the Zola Pegmatite at Finniss, over 450m wide and up to 1,500m long, which it compares in scale to Pilgangoora in WA. No lithium assays yet; mapping and sampling are underway and drill applications are lodged for next quarter.
15 June 2016investor presentation● Neutral
Link to a media interview with the Managing Director on Finniss sampling results, timing of further results and planned drilling. Nothing new is stated in the announcement itself.
6 June 2016other● Neutral
Core says its South Australian Mt Painter tenements, held since 2011 and formerly explored for uranium (Fitton), cover rocks with elevated lithium that may be a source for nearby lakes' lithium brine targets. No new assays; NT lithium remains the focus, with drilling planned for the September quarter.
25 May 2016drilling result▲ GoodMajor
First rock chip assays from the Mt Finniss mine returned up to 0.8% Li2O (7,859ppm), with many samples above 0.1%. Spodumene was identified. Core notes surface weathering likely lowers lithium, so grades may rise with depth. Results from 25 other mines are due in June.
17 May 2016material agreement termination▼ BadMajor
Jilin has terminated its farm-in, so Core regains 100% of the Blueys silver project (EL 28136) that Jilin could have earned up to 80% of. Core will look at other options for it while focusing on lithium. First Finniss assays are due before end of May.
4 May 2016other▲ Good
Core's application to the Exploration Development Incentive was accepted, so up to $328,389 in tax credits goes to eligible shareholders on the register on 18 May 2016, about 0.1212 cents per share. It is a benefit to shareholders, not new company cash.
29 Apr 2016quarterly activities report● Neutral
March quarter report recaps the lithium pivot, Finniss, the EL 29698 option and the Anningie applications, with field results expected this quarter. It states cash of $2.9M and 270,928,583 shares on issue. No new results.
26 Apr 2016director officer appointment▲ Good
Dr David Rawlings is appointed Exploration Manager and CSA Global lithium consultants are retained. Anningie exploration is to start in coming weeks. This fills the exploration role previously held by Colin Skidmore, though the text does not mention him.
19 Apr 2016capital raising announcement▲ GoodMajor
Core raised about $2.2M from a heavily oversubscribed placement of about 52M shares at 4.2c, led by Hartleys. Funds go to Finniss and Anningie lithium evaluation; a fully funded maiden drilling program is expected in Q3 2016.
What it means for a shareholder
52.0m new shares at $0.042 to raise about $2.2m. 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.
8 Apr 2016other● Neutral
All seven resolutions passed at the general meeting, including approval of the 43.5M placement options and options for the three directors. This clears the open approval needed for the February placement's attaching options.
5 Apr 2016investor presentation● Neutral
April lithium presentation repeats the Finniss and NT pegmatite story. It states about 218M shares, cash of about $0.9M at 31 March 2016, a share price of about 3.5c and market cap of about $7M. No new results.
5 Apr 2016capital raising announcement● Neutral
Cleansing prospectus offering quoted 5c options expiring August 2017: 43.5M to February placement participants, 10M to the lead manager, 3.7M to directors and employees and 2M to a contractor. Mainly removes trading restrictions; no new money is raised.
30 Mar 2016drilling progress report● Neutral
Core has started sampling and evaluating historic mine workings, dumps and tailings at Finniss, expanding through April and May as the wet season ends. No results yet; this is the first step of the lithium pivot announced in February.
30 Mar 2016admin correction● Neutral
800,000 unlisted performance rights lapsed on 29 March 2016 after the employee holding them left the company. Housekeeping only; the text notes 218,342,868 shares on issue in the attached form.
15 Mar 2016asset acquisition disposition▲ GoodMajor
Core applied for four exploration licences covering about 2,500 sq km around the Anningie and Barrow Creek pegmatite fields in the north Arunta, extending its lithium push beyond Finniss. These are applications only, expected to be granted in Q3 2016; no lithium work yet.
2 Mar 2016asset acquisition disposition▲ GoodMajor
Core has an option to buy EL 29698, covering 25 historic tin-tantalum mines in the Bynoe field, from AU Exploration for $80,000 (part cash, part cash or shares). It adds to Finniss, with exploration access for up to 12 months. Lithium has not been explored there.
25 Feb 2016half year report● Neutral
Half-year accounts to 31 December 2015 show a net loss of $719,769. Operations covered Jervois and Yerelina drilling. Routine financial statements; no new developments in the text provided.
18 Feb 2016capital raising announcement▲ GoodMajor
Placement of about 43.5M shares at 2.2c to raise about $950,000, led by Hartleys, each with an attaching 5c option expiring August 2017. Funds go to lithium exploration starting at Finniss. The attaching options need shareholder approval.
What it means for a shareholder
43.5m new shares at $0.022 to raise about $950,000. 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.
10 Feb 2016investor presentation● Neutral
Lithium-focused presentation promoting the Finniss and Harts Range projects. It states cash of about $0.21M at 31 December 2015, a share price of about 2.5c and market cap of about $4M. No new results.
8 Feb 2016asset acquisition disposition▲ GoodMajor
Core has applied for three exploration licences covering 200km2 in the Bynoe pegmatite field south of Darwin, the Finniss Lithium Project, including the historic Mount Finniss tin-tantalum mine area. These are applications, not granted licences, and there is no lithium result yet.
3 Feb 2016other● NeutralMajor
Core says a review of its Northern Territory tenure found lithium-bearing pegmatite potential in the Harts Range and Arunta regions, and it will refocus resources there, helped by the Jilin JV. A strategy shift toward lithium; no results yet.
1 Feb 2016admin correction● Neutral
15,000,000 unlisted options at 10c lapsed unexercised on 31 January 2016. Housekeeping only; no new information, and shares on issue stay at 174,818,983.
29 Jan 2016admin correction● Neutral
3,125,000 unlisted performance rights held by directors and officers lapsed on 28 January 2016 because performance conditions were not met. 800,000 unvested rights remain. Housekeeping only.
29 Jan 2016quarterly activities report● Neutral
December quarter report recaps Yerelina zinc assays (possible new MVT system), shallow Jervois copper and the Jilin Blueys term sheet. Shares on issue 174,818,983. Mostly repeats known results; no new results.
16 Dec 2015farm in farm out agreement▲ GoodMajor
Binding term sheet with China's Jilin No.1 Geological Survey to earn up to 80% of Blueys EL 28136 by funding $1.4M of exploration, plus a $150,000 share placement and $50,000 cash. Conditional on FIRB approval and due diligence; converts the earlier MOU.
