Past year: ▲ 0%(3.60c – 3.60c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
24 Nov 2011director officer appointment● Neutral
Foundation non-executive director Malcolm Castle resigned immediately to focus on consulting and his Brazilian Metals Group role. The board falls to three directors plus an alternate; share price quoted at 20c.
31 Oct 2011annual report● Neutral
Annual financial report for 2011 re-released in a formatted version, repeating the $509,024 loss and the same board and auditor. Nothing new.
31 Oct 2011quarterly activities report● Neutral
September quarter: Alambi drilling for the lower northern half ended 23 July, and SRK was appointed to audit all data and write one combined JORC report. The MDL is not yet granted. Alambi resource now depends on the SRK report rather than the Q4 2011 date.
28 Sept 2011annual report● Neutral
Annual report for year to 30 June 2011: loss $509,024 (prior year $896,320). Text shows $7.45m raised from option exercises in the year and no dividend. Text truncated, so cash is not shown.
26 Sept 2011other● Neutral
EER comments on GVK's $1.26b purchase of a majority stake in Hancock Coal, whose Alpha project and rail plans sit near Blackall. EER says it will engage in Hancock's rail expedition-of-interest process. No direct deal for EER.
15 Sept 2011drilling progress report▲ Good
Alambi drilling has finished 12 RAB holes (1,562m) and 30 core holes, with a JORC Inferred resource for Alambi expected in Q4 2011. Only the lower half of the Alambi deposit has been explored so far.
8 Aug 2011regulatory community update● Neutral
EER lodged an expression of interest to become a Preferred Capacity Seeker in the Abbot Point Terminals 4-7 expansion. It follows the earlier up-to-20Mtpa port interest; only an application, with no capacity secured.
29 July 2011quarterly activities report● Neutral
June quarter: 12 chip and 27 partly cored holes drilled at Alambi, MDL application lodged, and option exercises finalised at 37.8m shares and $7.569m. Calibre Rail engaged for a concept rail study. Nothing materially new.
14 July 2011other● Neutral
EER was selected for a New York research firm's portfolio, which has started research coverage and investor outreach. Promotional only; no change to resources, funding or projects.
7 June 2011resource reserve update▲ GoodMajor
Full Xenith resource report released, showing 459Mt Indicated for southern Blackall (the April announcement said 469Mt; the text does not explain the difference). The Mineral Development Licence application has been lodged, with approval expected in 6 to 12 months.
17 May 2011investor presentation● Neutral
May presentation repeats the 469Mt Indicated and 280Mt Inferred resource and states cash of $4.7m, no options outstanding, 166.4m shares and price 40c. MDL application is underway. No new developments.
2 May 2011resource reserve update▲ GoodMajor
Maiden JORC Indicated resource of 469Mt at Blackall's Carlow deposit, within a total of 749Mt, covering about 15% of the tenement to 150m depth. This is a smaller, firmer figure than the earlier 1.2Bt Inferred; MDL application to follow.
29 Apr 2011quarterly activities report▲ Good
March quarter: southern Carlow drilling finished with 18 chip and 24 partly cored holes, and Xenith began resource assessment. Allambi core drilling started late in the quarter on a tighter 2km grid, earlier than the mid-2011 timing in the prior quarterly.
20 Apr 2011investor presentation● Neutral
Broker presentation restating the 1.22Bt Inferred resource, Allambi drilling and rail and Abbott Point port plans. Lists Majicyl at 41.24% and Noble at 30.47%. Indicated resource still pending. Nothing new.
14 Apr 2011price query● Neutral
ASX queried a price jump from 57c to 69.5c. The company said it knew of no unannounced news, and noted it had recently appointed a marketing firm and been talking with brokers. Resource due by end April.
8 Apr 2011capital raising announcement▲ GoodMajor
Option exercise at 20c raised $7.569m through 37.8m new shares; Noble converted all 25m of its options. Shares on issue rise to 166.4m. Funds are for the Blackall mining licence application, scoping studies and northern exploration. Resolves the March option deadline.
8 Apr 2011price query● Neutral
ASX queried a price rise from 38c to 43.5c with higher volume. The company again said it knew of no unannounced information and pointed to the Indicated resource due by end April.
4 Apr 2011price query● Neutral
ASX queried a rise in the share price from 29c to 34c. The company said it knew of no unannounced news. It noted its 31 March options had expired with significant exercise money received, and the Indicated resource is expected by end April.
17 Mar 2011drilling progress report● Neutral
A final row of core holes along Blackall's western edge, recommended by Xenith, is about two weeks from done. The maiden Indicated resource release moves from Q1 to April 2011; the MDL application follows it.
14 Mar 2011half year report● Neutral
Half-year to 31 December 2010: net loss $276,539 versus $624,659 a year earlier. Southern drilling added 41 chip and 46 core holes; the updated resource is now expected mid April 2011. Text truncated, so cash is not shown.
9 Feb 2011drilling result▲ Good
Southern infill drilling at Blackall is complete and core samples are at the lab, so Xenith can finalise the Indicated resource. A consultant is engaged for the Mineral Development Licence application, to be lodged once the resource report arrives.
31 Jan 2011quarterly activities report▼ Bad
December quarter: 13 chip and 15 core holes finished in southern Blackall; flooding halted field work. Resource update slips to end of March quarter 2011. Allambi core drilling, planned for Nov/Dec 2010, now not likely until mid 2011. Capella relinquishment in final stage.
24 Jan 2011drilling progress report● Neutral
Southern Blackall drilling restarted on 12 January after a six-week flood suspension. Management aims to finish the next resource modelling stage by the end of the March quarter, though further wet-weather delays are possible.
31 Dec 2010other● Neutral
Company securities trading policy setting out insider trading rules and blackout periods for directors and staff. Administrative, no new information on operations.
23 Dec 2010drilling progress report▼ Bad
Floods suspended southern Blackall drilling with about 12 sites still to drill. The updated Xenith JORC report, previously aimed at December 2010, is delayed until Q1 2011.
8 Dec 2010admin correction● Neutral
Corrects the AGM presentation: Noble Group is listed only in Singapore, not also Hong Kong. Minor typographical fixes. No new substance.
25 Nov 2010investor presentation● Neutral
AGM presentation restates the 1.22 billion tonne Inferred resource and Allambi drilling. Targets Indicated resource by December 2010 and a mining licence application in January 2011. Cash was $1.15m; Majicyl holds 50.2%, Noble 19.5%.
19 Nov 2010admin correction● Neutral
Updated release replaces the prior day's target with an Allambi exploration target of 600-1,000Mt, adding a caution that this is conceptual and not yet a resource. Tones down the earlier 800Mt figure.
18 Nov 2010drilling spud▲ Good
A 3,000m core drilling program began in northern Blackall, now named the Allambi deposit; the first hole hit five seams at 30-55m. The target is a further 800Mt Inferred, which could lift the total beyond 2.0 billion tonnes.
29 Oct 2010quarterly activities report● Neutral
Quarter to September 2010: 59 more southern holes drilled, and Xenith Consulting commissioned for a new resource assessment expected to upgrade much of the Inferred resource to Indicated. Bulk sample showed about 70% yield. Capella relinquishment papers lodged.
