Past year: ▼ 35%(20.5c – 47.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
9 Oct 2024resource reserve update▲ GoodMajor
Koppies is upgraded with 78% now Indicated (43.6Mlb), lifting the Koppies total to 66.1Mlb, including a maiden 10.2Mlb Inferred resource at Hirabeb. Namibia rises to 112.1Mlb and the global total to 160.5Mlb. This delivers the Indicated upgrade planned since early 2024; U-pgrade testwork is underway.
8 Oct 2024drilling result▲ Good
Partner Energy Metals reports more high-grade Bigrlyi results across the A2, A4 and A15 sub-deposits, including 5.1m at 4,500ppm eU3O8. The 2024 program (11,055m) is finished and assays are pending. Elevate holds 20.8%; existing resource is 21.3Mlb.
27 Sept 2024annual report● Neutral
Appendix 4G key pointing to the corporate governance statement for the year ended 30 June 2024, dated 27 September 2024. Administrative filing only, with no new information.
27 Sept 2024annual report● Neutral
Corporate governance statement for the year to 30 June 2024, current at 27 September 2024. It reports compliance against ASX recommendations, noting no measurable gender diversity objectives were set. Administrative disclosure with no new operating information.
27 Sept 2024annual report▲ Good
2024 annual report for year to 30 June reviews the year: Koppies resource rose from 20.3 to 57.8Mlb, $10M was raised in December 2023, and five rigs are operating. Focus ahead is Koppies Indicated upgrade, U-pgrade testwork and a demonstration plant. Financial figures not shown in the extract.
9 Sept 2024security holder rights change● Neutral
Grants 210,000 unlisted options to an employee under the 2023 incentive scheme, exercisable at $0.50 and expiring 8 September 2028, vesting in three equal tranches from 2025 to 2027. Routine incentive grant.
5 Sept 2024drilling result▲ Good
Partner Energy Metals reports high-grade results from the Bigrlyi joint venture, in which Elevate holds 20.8%. Hole BRD2408 hit 10.6m at 8,600ppm eU3O8, and the zone remains open at depth. Resource extension drilling continues; the company asks for the trading halt to be lifted.
5 Sept 2024other● Neutral
ASX paused trading in Elevate shares pending a further announcement. No reason is given in the notice. It was followed the same day by the Bigrlyi drilling results, which ask for the halt to be lifted.
27 Aug 2024drilling result▲ Good
Hirabeb drilling returns high-grade shallow intercepts, including 6.0m at 797ppm eU3O8 and 6.5m at 584ppm. Four new target areas are identified, and mineralisation extends into basement as at Koppies. Drilling continues through 2024 toward a maiden resource; Hirabeb is 12km from Koppies.
31 July 2024quarterly activities report● Neutral
June quarter: three rigs drilled 864 holes (23,956m) at Koppies infill, with 262 holes at Hirabeb and 203 at Capri. Six tonnes of Koppies ore samples are in transit to Perth for U-pgrade testwork, with the pilot plant planned for 2025. Restates known programs.
25 July 2024drilling progress report▲ Good
Five rigs are drilling in Namibia: three on Koppies infill (1,278 holes, 34,892m since the April resource), one each at Hirabeb and Capri. Six tonnes of Koppies ore are headed to Perth for U-pgrade testwork; pilot plant planned 2025. A 10,000m Bigrlyi drill program (20.82% interest) has begun.
1 July 2024security holder rights change● Neutral
Grants 200,000 unlisted options to an employee under the 2023 incentive scheme, exercisable at $0.70 and expiring 30 June 2028, vesting in two tranches in 2025 and 2026. Routine incentive grant.
3 June 2024investor presentation● Neutral
Presentation for the 121 Mining event in New York restates the 152Mlb global resource, Koppies at 58Mlb, five rigs drilling and the completed test pits. No new information.
28 May 2024drilling progress report▲ Good
Eight test pits, four to six metres deep, are finished at Koppies and bulk samples collected for U-pgrade testwork. Visible carnotite is described as encouraging. Bench-scale testwork is expected to finish later this year, then feed pilot plant design.
29 Apr 2024quarterly activities report● Neutral
March quarter: three rigs drilled 967 holes (24,405m) at Koppies for infill, and two others drilled 241 holes elsewhere in the Namib area. Restates the 57.8Mlb resource. Exploration spend was $1.56M.
9 Apr 2024resource reserve update▲ GoodMajor
Koppies Inferred resource rises 20% to 57.8Mlb (134.6Mt at 195ppm), from 48Mlb, lifting Namibia to 103.8Mlb and the global total to 152.2Mlb. Delivers the update promised for March quarter; discovery cost is US$0.068/lb. Infill drilling toward Indicated continues.
19 Mar 2024drilling progress report● Neutral
Inferred resource drilling at Koppies is finished, with an updated resource due by early April, slightly later than the March target. Three rigs have started infill drilling to reach Indicated status. Metallurgical samples are due April/May; scoping study is now late 2024.
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.
29 Jan 2024quarterly activities report● Neutral
December quarter: three rigs drilled 620 holes (17,457m) at Koppies, mainly south of Koppies 2 and at Koppies 4. Four rigs restarted mid-January, a fifth to follow, and the next resource update remains due March 2024. Restates the 48Mlb resource.
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.
