Past year: ▼ 35%(20.5c – 47.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Mar 2024security holder rights change● Neutral
Grants 1,500,000 unlisted options to an employee under the 2023 incentive scheme, exercisable at $0.75 and expiring 26 February 2028, vesting in three equal tranches from 2025 to 2027. Routine incentive grant.
7 Mar 2024half year report● Neutral
Half-year to 31 December 2023 shows a loss of $4.43M (prior year $4.82M). Reviewed activities centre on the Koppies resource rising to 48Mlb. Auditor Rothsay is now named In.Corp Audit & Assurance.
1 Mar 2024other● Neutral
From 4 March 2024 the share registry moves from Advanced Share Registry to Automic, following Automic's acquisition of Advanced. Administrative notice only.
5 Feb 2024investor presentation● Neutral
Presentation for the 121 Mining conference in Cape Town restates the 142Mlb global resource, Koppies at 48Mlb and the drilling plans. Shows about $650k debt-free cash line unclear; cash stated as of 31 December 2023. No new information.
18 Jan 2024drilling progress report▲ Good
Four RC rigs are drilling in Namibia in 2024, three at Koppies, with a fifth due by end of March quarter. Revised Koppies resource is expected by end of Q1 2024, then infill drilling. Cash is about $15.8M.
20 Dec 2023capital raising announcement● Neutral
Company closed the placement option and broker option offers under the 18 December prospectus on 20 December 2023. Administrative notice completing the December placement paperwork.
18 Dec 2023capital raising announcement● Neutral
Prospectus for the options attached to the $10M placement: 11,904,798 placement options and 3,000,000 broker options to the joint lead managers. It raises no money from the placement offer and $30 from the broker offer. Administrative follow-up to the 8 December raising.
11 Dec 2023security holder rights change● Neutral
Following shareholder approval on 24 November, grants 426,667 service rights to non-executive directors, and 830,011 retention rights plus 7,174,273 options at $0.72 (expiring 30 November 2026) to the managing director and CFO. Routine incentive grants.
8 Dec 2023capital raising announcement▲ GoodMajor
Raises $10.0M through a placement of 23.8M shares at $0.42, an 18.4% discount to the last close, with one free $0.60 option per two shares. Cash was $7.1M at 6 December. Funds expand drilling to five rigs in Namibia, and add Australian drilling and a Koppies scoping study.
What it means for a shareholder
23.8m new shares at A$0.420 to raise about A$10.0m. That's 7.8% dilution: every existing holder's slice gets 7.8% smaller. If you held A$1,000 of shares (2,381 at the issue price), your slice goes from 0.000841% to 0.000776% of the company. To keep it you'd need 200 more shares - about A$84 at the issue price.
Create a free account to see this worked out for your own holding.
4 Dec 2023investor presentation● Neutral
Invitation to a live webcast presentation by Managing Director Murray Hill at the Virtual Investor Conferences event on 4 December 2023. Event notice with no new company information.
20 Nov 2023investor presentation● Neutral
Presentation for the 121 Mining conference in London restates the updated 48Mlb Koppies resource and 142Mlb global base. Cash about $7.7M at 30 September 2023. No new information.
8 Nov 2023resource reserve update▲ GoodMajor
Koppies Inferred resource rises 136% to 48Mlb eU3O8 (108.3Mt at 200ppm), from 20.3Mlb. Namibian resources go to 94Mlb and the global total to 142Mlb. Delivers on the October target; the next update, covering the south of Koppies 2 and Koppies 4, is due March 2024.
31 Oct 2023investor presentation● Neutral
IMARC 2023 presentation restates the 115Mlb global resource, Koppies at 20.3Mlb, and the portfolio. Shows about $7.7M cash and no debt at 30 September 2023, with 277.9M shares. No new information.
27 Sept 2023annual report● Neutral
Annual report to 30 June 2023 recaps a year with drilling up to 41,149m from 17,045m, three rigs at Koppies and the 16km Capri discovery. Resources are unchanged at 81Mlb Namibia; Koppies re-estimation is expected.
27 Sept 2023annual report● Neutral
Appendix 4G confirms the corporate governance statement for the year to 30 June 2023 is on the company website, approved by the board on 27 September 2023. Administrative compliance form with no new business information.
27 Sept 2023annual report● Neutral
Corporate governance statement for the year to 30 June 2023 reports compliance with most ASX recommendations. It discloses no measurable gender diversity objectives were set, citing the small size of the company and board. Administrative disclosure only.
19 July 2023security holder rights change● Neutral
200,000 unlisted employee options granted at $0.45, expiring 18 July 2027, vesting in equal halves on 3 July 2024 and 2025. Routine incentive grant.
5 June 2023investor presentation● Neutral
Presentation for the 121 Mining event in New York restates known projects, resources of 81Mlb in Namibia and 48Mlb in Australia, and the 20km Koppies system with two rigs. No new information.
31 May 2023listing compliance notice● Neutral
ASX paused trading in EL8 securities pending a further announcement. The text gives no reason; the same-day Bloomberg response suggests it may be related (inference).
31 May 2023regulatory community update● Neutral
Company responds to a Bloomberg article on Namibia considering taking stakes in mining companies, saying it is not aware of any change to Namibian legislation. A policy risk is flagged but nothing has changed per the company.
27 Apr 2023drilling result▲ GoodMajor
340 more holes confirm continuous mineralisation between Koppies 2 and 3 and south of Koppies 2. Twin holes found mineralisation below the original resource holes, suggesting resource growth potential. Focus shifts to resource drilling at Koppies 3; best 5.5m at 1,121ppm eU3O8.
14 Mar 2023half year report▼ Bad
Half-year to 31 December 2022 shows a loss of $4.85M, up from $2.99M a year earlier. Koppies drilling was the main activity; resources unchanged at 20.3Mlb at Koppies. The report states no significant changes in the state of affairs.
6 Feb 2023investor presentation● Neutral
Presentation for the 121 Mining conference in Cape Town restates known projects, the 81Mlb Namibian and 48Mlb Australian resources, and the 20km Koppies system. No new information.
30 Jan 2023drilling result▲ GoodMajor
Drilling indicates Koppies 2 connects with Koppies 4 and Koppies 1 likely connects with Koppies 2, so all four zones are most likely one 20km system. Two rigs resumed after the break. The 20.3Mlb resource is unchanged.
17 Jan 2023security holder rights change● Neutral
1,000,000 unlisted employee options granted at $0.65, expiring 16 January 2027; 340,000 vest immediately, 330,000 on 9 January 2024 and 330,000 on 9 January 2025. Routine incentive grant.
25 Nov 2022security holder rights change● Neutral
5.85M unlisted options granted at $0.64, expiring 24 November 2026, following shareholder approval on 24 November. Two-thirds vest immediately and the rest on 31 December 2023.
22 Nov 2022drilling result▲ GoodMajor
New Koppies 4 discovery extends mineralisation 6.6km south of Koppies 2; closer drilling confirms Koppies 3. Total Koppies mineralisation now spans 19.2km, up to 2.4km wide. It sits outside the 20.3Mlb resource; no update yet.
3 Nov 2022investor presentation● Neutral
Notice of the managing director presenting at an online investor conference on 8 November 2022, with an updated presentation restating known projects and discoveries. No new information.
18 Oct 2022drilling result▲ GoodMajor
Capri's maiden drilling (284 holes) found continuous uranium mineralisation over 16km, less than 25m deep, with a best intercept of 4.5m at 942ppm eU3O8. Resolves the planned Capri drilling; the eastern half is undrilled.
28 Sept 2022drilling result▲ GoodMajor
Drilling found uranium mineralisation continuing 10km northeast of Koppies 2 (now Koppies 3), up to 1,000m wide and generally under 10m deep. A second rig is being added; this is outside the 20.3Mlb resource and could expand it.
