16 Sept 2021admin correction● Neutral
Appendix 4G governance checklist lodged with the annual report, pointing to the company's website governance statement. Administrative; no new facts.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Aug 2021capital raising announcement● Neutral
6M shares issued on conversion of the remaining 300 Winance convertible notes, ending that Tranche 2 drawdown. Routine issue notice; no cash raised is stated.
20 Aug 2021director officer appointment● NeutralMajor
Michael Carter, a stockbroker with CPS Capital, joins as non-executive director from 31 August. Executive Director Kimon Gkomozias, appointed through the Talaxis engagement, steps down the same day to take a role at Welsbach Holdings.
16 Aug 2021admin correction● Neutral
Listing Rule 5.23 clarification to the 16 August drilling update, confirming no new information materially affects the 2 June drilling results it refers to. No new facts.
16 Aug 2021capital raising announcement● Neutral
Completes the 10 August placement: 104M shares issued, plus 2M to lead manager Evolution and 200,000 to settle a A$12,000 debt. Also issued 52M placement options and 20M broker options (7.5c, April 2024). Administrative follow-up with no new facts.
16 Aug 2021drilling progress report▲ GoodMajor
Phase 2 drilling reaches 20 holes (7,925m), with completion due 17 August; the 1.91m and 2.4% Li2O results are repeated. Resource update, aiming for 11Mt at 1% Li2O, is now expected in September. Zone 2 work is deferred until after mining begins.
11 Aug 2021investor presentation● Neutral
Spark Plus Mining Day presentation on Wolfsberg. Only the disclaimer text was provided, so no new facts can be reported.
10 Aug 2021capital raising announcement● NeutralMajor
Raises A$6.5M from sophisticated investors at 6.25c per share, with one free 7.5c option (expiring April 2024) per two shares, to fund the DFS. Lead manager Evolution gets 6% fee, 20M options and 2M shares. Chair expects drilling and metallurgy results in September.
4 Aug 2021investor presentation● Neutral
Notice that Chairman Tony Sage will present at Spark Plus Mining Day webinar on 11 August 2021. No new company information.
30 July 2021quarterly activities report● Neutral
June quarter: 2 rigs running, with 13 holes (5,200m) reported done; Dorfner finished first of four locked-cycle tests. Exploration spend A$1.62M, admin A$528k. 300 Winance notes remained at 30 June. Glock access deal, Jadar stake and Graz LOI recapped.
17 June 2021regulatory community update▼ Bad
Company confirms it paid a fine to Austria's Financial Market Authority over unauthorised statements made in May 2019 by former director Stefan Muller, inconsistent with ASX announcements. Fine was about 50% of the maximum if disputed; paid without admission of liability; rights against Muller reserved. Amount not stated.
15 June 2021admin correction● Neutral
Clarification that the 3 and 10 June drilling announcements omitted some disclosures required by the JORC code; an updated Table 1 is attached. No new drilling results or company information.
10 June 2021admin correction● Neutral
Re-release of the 3 June drilling update adding a competent person statement (Don Hains) and JORC table. Repeats pegmatite up to 1.91m true thickness and up to 2.4% Li2O from two of six sample batches. Table notes nine of 21 holes (3,790m) done. No new results.
3 June 2021drilling result▲ GoodMajor
Seven holes (2,929m, over 30% of the program) are done. Early assays on two of six sample batches show pegmatite up to 1.91m true thickness at up to 2.4% Li2O. A second rig is on site; program remains on budget.
1 June 2021material agreement▲ Good
Signed a letter of intent to be industrial partner in a University of Graz battery-recycling research project, aiming to use recycled material in its planned lithium hydroxide process. Drilling and metallurgical testing are said to remain on track for July and under budget.
28 May 2021material agreement▲ GoodMajor
Settled legal disputes with Glock Gut-und Forstverwaltung, landowner of the mining and exploration licences. The company now expects the feasibility study in 2021 or early 2022, with mine set-up between late 2022 and early 2023.
27 May 2021investor presentation● Neutral
Battery Metals Day presentation on Wolfsberg. Only the disclaimer text was provided, so no new facts can be reported.
25 May 2021investor presentation● Neutral
Notice that Chairman Tony Sage will present at Spark Plus's Battery Metals Day webinar on 27 May 2021. No new company information.
12 May 2021admin correction● Neutral
Routine notice: 6,666,666 shares and 3,333,333 options (7.5c, expiring July 2022) issued for the Jadar stake purchase announced 11 May. This suggests the acquisition has completed (inference).
11 May 2021asset acquisition disposition▲ GoodMajor
European Lithium agrees to buy a 20% stake in Jadar Resources' Austrian lithium projects (Weinebene, Eastern Alps), 20km from Wolfsberg, for A$125,000 cash plus 6.67M shares with an option. A collaboration agreement is also signed. Completion is subject to conditions.
11 May 2021joint venture update● Neutral
Jadar's own release of the same collaboration agreement with European Lithium, covering the Weinebene and Eastern Alps projects. It repeats the terms already reported, with no new facts.
30 Apr 2021quarterly activities report● Neutral
Quarter to March: A$7.05M placement completed (141M shares at 5c) and about 42M shares issued under the Share Purchase Plan. Three holes (~900m) were drilled, Dorfner locked-cycle tests restarted, and 300 Winance notes remain. Exploration spend was A$380k.
28 Apr 2021listing compliance notice● Neutral
Company will withdraw from the Vienna market, with 28 May 2021 the last trading day. Shares continue to trade on the ASX and in Frankfurt.
20 Apr 2021drilling progress report▲ Good
Four holes are complete and a fifth started, with 1,690m of core and over 98% recovery. A second rig arrives in May; all 21 holes are expected finished by end of July, with results in Q3 2021.
19 Apr 2021admin correction● Neutral
Following the 16 April general meeting, 1.4M shares and 110.5M options (7.5c, expiring April 2024) were issued, plus 10M options at 15c expiring November 2021. This completes the approvals pending from the January placement.
16 Mar 2021drilling progress report▲ Good
First Phase 2 hole reached target depth of 440.7m, with spodumene-bearing pegmatite seen in core. Company says geology broadly fits its model and the campaign is below budget. No assay results yet.
26 Feb 2021drilling spud▲ GoodMajor
Drilling rigs mobilised and Phase 2 drilling began at Wolfsberg on 23 February 2021, as scheduled on 2 February. This ends the contractor delay seen since 2020. No results yet.
26 Feb 2021half year report● Neutral
Half-year report to 31 December 2020 restates known events: the A$2.1M placement at 4.5c, Winance note conversions (800 Tranche 2 notes left), AQSE withdrawal and the Phase 2 drilling tender. No new figures are drawn out here.
5 Feb 2021admin correction● Neutral
Routine notice: 1,849,999 shares issued, 1,249,999 on option exercise at 5c and 600,000 settling A$30,000 owed to the CEO. Administrative only.
2 Feb 2021drilling scheduled▲ GoodMajor
Phase 2 drilling of up to 21 deep holes (320-510m, max 8,340m) at Wolfsberg is due to start mid-February 2021, aiming to upgrade 4.68Mt of inferred resource and extend Zone 1. Upgraded resource targeted by end Q3 2021, COVID permitting.