Each one in plain English, with the numbers worked through for a shareholder.
31 Jan 2020investor presentation● Neutral
Corporate presentation for the Cape Town investor conference. It restates the known strategy, the tripled Reptile resource, the PFS start and the M&A search. States net cash of about A$14.1M and a market cap of about A$66M at A$0.27. No new announcements.
29 Jan 2020drilling progress report● Neutral
Tumas PFS has started. RC drilling began 27 January, with about 5,000m to upgrade 40-50% of Tumas 3 Inferred resource to Indicated, due March/April, plus 5,000m more. PFS now expected to finish in the December quarter 2020. Targets: over 20-year mine life, cash costs under US$30/lb.
21 Jan 2020other▲ GoodMajor
Tumas Scoping Study on the Reptile calcrete deposits was positive enough for the Board to start a Pre-Feasibility Study immediately. No production targets or financials are given, as the study relies mainly on Inferred resources. Delivers the Scoping Study due by December 2019.
10 Jan 2020drilling result● Neutral
Nova JV 2019 drilling on EPL3670 finished (153 holes, 3,009m), with little found; best was 130ppm over 1m at STD 24. Limited follow-up planned at Skink/STD 24, with Namaqua and Barking Gecko still earmarked. JOGMEC is earning 39.5% for A$4.5M.
23 Dec 2019other● Neutral
Appendix 3Y notices for directors receiving shares and options from the 18 December issue approved at the AGM. For example, Borshoff acquired 2,946,979 shares and Brunovs 92,593 options. Administrative disclosure of the earlier announced issue.
19 Dec 2019security holder rights change● Neutral
8,631,204 shares issued under the AGM-approved Loan Share Plan (deemed value A$0.459) plus 370,372 nil-price options to directors and employees. Lifts shares on issue to 246,690,959. Remuneration-related dilution, not new funding.
16 Dec 2019drilling result▲ Good
Tubas Red Sand exploration drilling finished (147 holes, 3,938m), finding calcrete mineralisation beneath the red sand; best 3m at 685ppm. Three areas set for infill drilling. 55km of channel untested; drilling restarts late January 2020.
12 Dec 2019other● Neutral
265,476 shares issued at nil cost to employees after performance rights vested. A small issue; the Appendix 3B shows 238,059,755 shares on issue after it.
28 Nov 2019security holder rights change● Neutral
Amended company constitution adopted by shareholders at the 25 November 2019 AGM, filed as a full copy. The text provided does not say what changed; it includes a proportional takeover approval clause. Administrative filing.
25 Nov 2019investor presentation● Neutral
Corporate presentation given at the 25 November AGM, under the 'Tier-One Uranium Producer' theme. Appears to restate known strategy and the nuclear demand case; no new company facts visible in the text provided.
18 Nov 2019resource reserve update▲ GoodMajor
New Tumas 1 East inferred resource of 24.8Mlb at 319ppm, up 34% from the 18.5Mlb of March 2019. Tumas palaeochannel resources now 92.5Mlb at 303ppm; Namibian calcrete-type resources 110.5Mlb. Delivers the awaited estimate; 60km of channel untested.
31 Oct 2019admin correction● Neutral
Revised September quarter Appendix 5B corrects section 5, now showing closing cash of A$15.7M (the 30 October report showed A$15.749M). Administrative correction only; no change to operations or the A$2.01M next-quarter outflow estimate.
29 Oct 2019drilling result● Neutral
Nova JV drilling on EPL3669 (60 holes, 3,472m), funded by JOGMEC, found little at Goanna, Berger's and Turtle's Neck. Namaqua extended to about 600m strike, and Barking Gecko returned 3m at 307ppm. Modest results; follow-up planned.
21 Oct 2019drilling result▲ Good
Exploration drilling at Tumas 3 East, West and Central (144 holes, 3,214m) better defined the mineralisation. Tumas Central is closed off over 2km and ready for infill drilling in H1 2020; Tumas 3 West's western edge is identified. Best hit 647ppm over 1m.
15 Oct 2019drilling progress report▲ Good
Accelerated Reptile drilling started under the 24 September plan, with a second RC rig and a diamond rig contracted. FY20 RC drilling is raised to 22,000m, with 10,800m and 600m of diamond core due by December. Upgraded resource now expected early November, later than earlier guidance.
27 Sept 2019annual report● Neutral
2019 Annual Report with audited accounts to 30 June 2019. It recaps the year: Tumas 1 East discovery (18.5Mlb at 310ppm), JOGMEC Nova earn-in, OTCQX upgrade and the A$11.29M raising. Largely repeats previously announced facts.
27 Sept 2019other● Neutral
Corporate Governance Statement and Appendix 4G for the year to 30 June 2019, adopted by the board on 23 September. Administrative compliance document; no new operational or financial information.
24 Sept 2019other▲ GoodMajor
Board approves extra A$1.1M for Reptile on top of the A$1.65M FY20 budget, shifting from exploration toward economics. Scoping Study due by December 2019, Pre-Feasibility Study to start early 2020, finishing late September quarter 2020, aiming at development readiness around 2023/24.
21 Aug 2019drilling result▲ GoodMajor
Tumas 1 East drilling (118 holes, 895m) finished. Tributary 5 now has enough data for an inferred resource estimate, and a new high-grade zone at Tributary 8 returned 6m at 1,514ppm from surface. Drilling moves west; about 60km of channel remains untested.
20 Aug 2019regulatory community update▲ GoodMajor
Namibia's mines ministry is ready to renew Reptile licences EPL 3496 and 3497 for two years to 4 August 2021. This resolves the open renewal question. Reptile holds the 86Mlb Tumas palaeochannel and 45.1Mlb alaskite resources; target remains 100-150Mlb.
1 Aug 2019investor presentation● Neutral
Corporate presentation for the Sprott Conference in Vancouver and North American investor briefings. It argues for a looming uranium supply shortage after 2023 and sector consolidation, with spot at US$25.50/lb. Repeats known strategy; no new company facts.
8 July 2019director officer appointment● Neutral
Namibian management reshuffle from 1 September 2019: Katrin Kärner becomes Exploration Manager and Martin Hirsch moves to a new Manager Resources and Pre-Development role to advance Reptile toward mining. FY20 budgets approved.
3 July 2019capital raising announcement▲ GoodMajor
SPP closed raising A$1.68M from 5,411,985 shares, and a shortfall placement adds A$612k from 1,973,571 shares. Total raised including the placement is A$11.29M before costs, completing the June raising.
25 June 2019capital raising announcement● Neutral
Reminder that the share purchase plan closes 28 June, with shares to be issued 5 July. No new information.
11 June 2019capital raising announcement▲ Good
The A$9M placement settled, with 29,032,258 shares issued at A$0.31. Lead manager Aitken Murray charged a 5% fee. Completes the placement announced 4 June; the SPP continues.
What it means for a shareholder
29.0m new shares at A$0.310 to raise about A$9.0m. 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.
7 June 2019capital raising announcement● Neutral
Share purchase plan opened 7 June, with offer document sent to eligible shareholders. Up to A$15,000 each at A$0.31, as announced 4 June. Administrative release; no new terms of substance.
6 June 2019admin correction● Neutral
Standard ASIC class order notice that the share purchase plan will be offered without a disclosure document, confirming no excluded information. Administrative only, no new information.
4 June 2019capital raising announcement▲ GoodMajor
Placement of 29,032,258 shares at A$0.31 raises about A$9M, a 7.4% discount, plus a share purchase plan for up to A$2.5M at the same price. Funds back more Namibian resource growth and acquisitions; the company says it is in talks with multiple parties.
What it means for a shareholder
29.0m new shares at A$0.310 to raise about A$9.0m. 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.
4 June 2019investor presentation● Neutral
Corporate presentation repeating the growth strategy, the doubled resource base and the A$9M placement with A$2.5M SPP underway. Net cash was A$7.2M before the raising, with 201.3M shares on issue before new shares. No new facts.
3 May 2019other● Neutral
Appointed New York-based Columbus Circle Corporate Relations to handle North American investor relations, following the OTCQX listing. No financial terms given.
