Each one in plain English, with the numbers worked through for a shareholder.
26 Nov 2015drilling result▲ GoodMajor
Yerelina assays confirm zinc: 17m at 1.4% zinc plus lead and 19g/t silver at Great Gladstone (including 4m at 3% zinc), and 33m at 0.2% zinc at Big Hill. Core says it has possibly discovered a new MVT zinc system; stratiform targets are next.
23 Nov 2015capital raising announcement● Neutral
The options rights issue closed with applications for 25.7M of 43.67M options (about $77,000 at 0.3c). Remaining shortfall of 17.96M options may be placed within three months. This is below the full amount despite the 'fully underwritten' description.
23 Nov 2015drilling result▲ GoodMajor
Core's first Jervois drilling found elevated copper on all five traverses across 15km of the 20km Big-J zone, with surface malachite in places. Holes were shallow (average 10m); best results were 1,498ppm copper. Core calls this above expectations and plans infill drilling in early 2016.
9 Nov 2015admin correction● Neutral
Notice that the rights issue prospectus and entitlement forms were posted on 9 November to holders on the 5 November record date. Offer terms unchanged.
2 Nov 2015admin correction● Neutral
1,200,000 unlisted contractor and employee options (10c and 7.5c exercise prices) lapsed unexercised on 31 October 2015, with an updated Appendix 3B. Housekeeping only; shares on issue remain 174,664,295.
30 Oct 2015admin correction● Neutral
Letter to eligible shareholders repeating the options rights issue terms and timetable: 1-for-4 at 0.3c, record date 5 November, closing 18 November. No new information.
29 Oct 2015agm notice● Neutral
All eight resolutions passed at the 2015 AGM on a show of hands, including re-election of chair Greg English, ratification of 12M underwriter options and a 10% placement capacity. Administrative result only.
29 Oct 2015investor presentation● Neutral
AGM presentation recapping the Yerelina breccia hits, the finished Jervois drilling awaiting assays, the Inkheart/Blueys $2M JV MOU and the Fitton uranium discovery. It repeats known facts, with no new results.
27 Oct 2015admin correction● Neutral
Compliance letter to optionholders: they have no right to join the rights issue unless they exercise options before the 5 November record date. It notes the options are not in the money. No new information.
27 Oct 2015admin correction● Neutral
Standard letter telling shareholders with registered addresses outside Australia and New Zealand they are ineligible for the options rights issue, citing cost of compliance. No new information.
27 Oct 2015capital raising announcement● Neutral
Prospectus for the options rights issue: up to about 43.67M options at $0.003, raising up to about $130,998, underwritten by InSync. It also aims to remove trading restrictions on existing options. Terms match the same-day announcement.
27 Oct 2015capital raising announcement● NeutralMajor
Core announced a fully underwritten 1-for-4 rights issue of options at 0.3c each (5c exercise, expiring 31 August 2017), raising up to about $0.13M for working capital. Underwriter is InSync Equity Services. Assays for both drill programs now expected toward end-November.
21 Oct 2015drilling result▲ Good
A second Yerelina hit: a 30m wide zone of broken rock and veining at Big Hill (hole YRDH005, 30-60m depth), with voids and iron staining where sulphides have weathered away. Seen as a shallow version of Great Gladstone, 5km west. Assays expected in 4-5 weeks.
19 Oct 2015other● Neutral
Company issued 800,000 unlisted employee performance rights, a renewal replacing lapsed equivalent rights, expiring 16 October 2016 with exploration and business development KPI vesting. Routine administrative notice.
12 Oct 2015drilling result▲ GoodMajor
Yerelina drilling hit a 9.8m wide mineralised breccia with zinc and lead sulphides at Great Gladstone (hole YRDH003, from 144m). Drilling is finished at five holes (1,037m); assays are expected in 4-6 weeks. Visual observations only, no grades yet.
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.
30 July 2015quarterly activities report● Neutral
June 2015 quarter report says Core is preparing two maiden drilling programs, Yerelina and Jervois, with the first starting late August. The SPP's $600,000 underwriting is described as sufficient to fund both. Share capital is unchanged at 150,486,287 shares. Cash figure not in the text.
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.
