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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Oct 2023quarterly activities report▲ Good
September quarter: three rigs drilled 724 holes (20,354m) at Koppies, up 41%. Drilling for the next resource update is complete, with estimation due early November, matching the October target. Next phase runs to March 2024. Exploration spend $1.79M.
17 Oct 2023agm notice● Neutral
Shareholder letter says the 2023 AGM is at 10.30am WST on 24 November 2023 at the Celtic Club, West Perth. Notice of meeting is online only; proxies are due 22 November 2023. Administrative notice.
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.
22 Sept 2023agm notice● Neutral
The 2023 AGM is set for 24 November 2023 in West Perth, with director nominations closing 29 September 2023. Administrative notice only.
31 July 2023quarterly activities report● Neutral
June quarter: 536 holes drilled at Koppies with three rigs now working. An interim Koppies 3 resource is targeted for October 2023. Capri drilling is held up by new land access agreements required in conservancy areas. Exploration spend was $1.45M.
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.
28 Apr 2023quarterly activities report● Neutral
March quarter report restates the 27 April Koppies results; 340 holes drilled, below plan due to rig mechanical issues. A third rig is being sourced for regional exploration. Exploration spend was $627,613; resource still 20.3Mlb.
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.
31 Jan 2023quarterly activities report● Neutral
December quarter report restates the 20km connected Koppies system, with Koppies 3 about 11km long and up to 2.4km wide, and two rigs operating. Exploration spend was $1.34M. Resource stays 20.3Mlb; largely repeats known 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.
27 Oct 2022quarterly activities report● Neutral
September quarter report restates the 10km Koppies extension (Koppies 3) and the 16km Capri discovery, with two rigs now at Koppies. Resources remain 115Mlb. Largely repeats known information.
21 Oct 2022agm notice● Neutral
Letter notifying shareholders of the 24 November 2022 AGM, with the notice released online rather than posted. Proxies are due by 22 November. Administrative.
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.
27 Sept 2022annual report▲ Good
Annual report to 30 June 2022 recaps the year: resources up over 20% to 115Mlb, new discoveries at Namib IV, Hirabeb and Capri, and the $11.5M raising. Cash at year end was $15.8M.
27 Sept 2022other● Neutral
Appendix 4G corporate governance checklist filed with the annual report, pointing to the company's website statement. Administrative, no new information.
16 Sept 2022agm notice● Neutral
The 2022 AGM is set for 24 November 2022 in West Perth, with director nominations closing 26 September 2022. Administrative notice only.
9 Sept 2022auditor change● Neutral
Rothsay Auditing resigned with ASIC consent, and Rothsay Audit & Assurance Pty Ltd was appointed auditor from 9 September 2022 until the next AGM. Same auditor name as before; the text suggests an entity change, not a new firm (inference).