Each one in plain English, with the numbers worked through for a shareholder.
29 Apr 2014quarterly activities report● Neutral
March 2014 quarter: Core raised $1.25m via placement and SPP at 5c and signed agreements for 100% of Albarta. Drilling expected within two weeks. Issued shares now 106.8M. Cash balance is not shown in the text provided.
Core has land access approvals and signed Coughlan Drilling for its first NT drilling: 2,500m of RC over 20 holes at Blueys and Inkheart, starting next week. This confirms the April plan, now enlarged from 2,000m.
27 Mar 2014capital raising announcement● NeutralMajor
The Share Purchase Plan closed with applications for 5.56M shares, raising $278,000 of the targeted $750,000. The underwriter covers the shortfall to $500,000, with its shares subject to shareholder approval at the 4 April general meeting.
Core found three new copper prospects, making four in the Greater Paradise Well area of Albarta, within 3km x 3km. Rock chips ran up to 6.16% copper (32 of 72 samples anomalous). Soil surveys over 20km2 are underway, with results expected in May.
Half-year to 31 December 2013 net loss was $437,675. The report repeats the Blueys/Inkheart IP drill targets and Roxby IOCG targets already announced. Statements are reviewed by Grant Thornton; other financial detail is not shown in the text provided.
Notice of a Boardroom Radio broadcast of the Managing Director presenting the 3D fly-through of the upcoming Blueys and Inkheart drilling. No new results or figures.
Core detailed a planned 2,000m RC drill program at Blueys, due to start in April subject to approvals, with a 3D fly-through. It would be the first drilling below 52m at Blueys and the first at Inkheart's silver-in-soil anomaly. Largely repeats the earlier April plan.
ASX granted a waiver letting Core issue the 10M consideration shares for the Albarta JV interests by 4 October 2014, instead of within three months of the shareholder meeting. Administrative step in the buyout.
Share Purchase Plan documents were sent to shareholders: up to $15,000 each at 5c, targeting $750,000, with $500,000 underwritten by Pulse Markets. Administrative follow-through to the 21 February raising; no new terms.
21 Feb 2014capital raising announcement● NeutralMajor
Core raised $750,000 via a placement of 15M shares at 5c, plus a Share Purchase Plan of up to $750,000 at 5c (partly underwritten to $500,000). Funds go to Blueys and Inkheart RC drilling, with drilling due April 2014. Total up to $1.5M.
What it means for a shareholder
15.0m new shares at $0.050 to raise about $750,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
February 2014 company presentation says RC drilling at Blueys and Inkheart is due to start in April, after approvals and a clearance survey. It repeats known results and the Roxby interest; the April drilling date is the new detail.
Core answered an ASX query on the timing of its Albarta buyout announcement. It said the deal was uncertain until the last signed agreement arrived on 11 February, and the price rise was coincidental with the Next Small Cap report. Nothing further is stated in the text shown.
12 Feb 2014asset acquisition disposition▲ GoodMajor
Core agreed to buy out all Albarta joint venture partners, taking 100% of its 20 tenements (over 2,000km2), replacing the earlier earn-in to 51%. Payment is 3M shares (JV1) and 3M plus up to 7M contingent shares (JV2); completion needs ministerial consent and shareholder approval.
Responding to an ASX price query after shares rose from 3.9c to 4.7c, Core said it knew of no undisclosed news. It pointed to a Next Small Cap article based on its 21 January Roxby announcement.
December 2013 quarter: Blueys/Inkheart IP drill targets identified, with RC drilling planned for early 2014, and Roxby IOCG targets defined. Issued capital is 81.8M shares, 8.675M unlisted options and 9M performance rights. Cash figures are not shown in the text provided.
Core's review of new and old surveys identified high-priority IOCG drill targets at its 100%-owned, 400km2 Roxby project, 10km from BHP's Wirrda Well. Core says several parties have expressed interest; this advances the earlier partner-or-sale search. No deal announced.
An IP geophysical survey found drill targets, mostly 75-150m deep, beneath the high-grade silver at Blueys and Inkheart. Never drilled to these depths. RC drilling is planned for early 2014, subject to land access approvals, which Core has begun seeking.
Core notes BHP's Wirrda Well IOCG deposit lies 10km from its 100%-owned, 400km2 Roxby South project, and a new $2m government gravity survey covers it. Core is prioritising drill targets from the data. No new Core results; a partner or sale is still sought (from earlier context).
Chairman's AGM address recapping Fitton uranium results, Albarta silver-copper results and Yerelina tenure. Fitton drilling is on hold with uranium prices at historic lows. Drilling at Inkheart and Blueys is expected within 12 months. No new results.
AGM presentation by the Managing Director recapping Albarta, Fitton and Yerelina results, with follow-up results pending at several prospects. It repeats known data; nothing new is announced.
All eight AGM resolutions passed on a show of hands, including re-election of chair Greg English, the new share option and performance share plans, and performance rights for three directors. Many proxy votes abstained on several resolutions.
Rock chips in a newly recognised western zone at Blueys returned 1,533 g/t silver, 500m west of earlier high-grade samples. Core says this expands the scale of mineralised outcrop; an IP survey starts this week and drilling access approvals have begun.
September 2013 quarter: Albarta work produced rock chips up to 4,065 g/t silver at Blueys and the Inkheart silver soils. Issued capital rose to 81.8M shares, 32.7M listed options and 10.675M unlisted options after the rights issue. Cash figures are not shown in the text provided.
New soils show lead and copper anomalism at Inkheart comparable to Blueys, matching the earlier silver. Core says this raises the chance of Blueys-style mineralisation at Inkheart. Land access procedures for first drilling have begun; IP survey follows late-October geophysics review.
2013 annual report for the year to 30 June 2013. The chairman says Fitton uranium work is halted until uranium prices recover, and Albarta (over 2,000km2) is now the key focus. Financial figures are not visible in the text provided.
Infill soils extended the Inkheart silver anomaly to over 2,000m, with new peaks of 18,241, 16,084 and 14,758ppb; it remains open. Blueys infill defines a 700m x 400m footprint. Geophysics analysis due late October, then IP survey; no drilling yet.
New surface rock chips at Blueys assayed up to 4,065 g/t silver, 5.5% copper and 25% lead, Core's highest silver grades yet. Samples came from stockpiled material. Infill soils due mid-September, IP geophysics next month; no drilling yet.
Core issued the shortfall shares announced on 2 September, completing the rights issue. Exercise prices on six series of unlisted options were trimmed by 0.37 cents (e.g. 25c to 24.63c) from 16 September. Administrative follow-through.