Each one in plain English, with the numbers worked through for a shareholder.
15 Mar 2019other▲ Good
Company joins a syndicate applying for Germany's €1 billion battery production grants programme, says offtake talks with several European firms are advanced, and bank financing talks have begun. Pilot plant on schedule; DFS completion now depends on metallurgical work. No deals signed yet.
15 Mar 2019half year report● Neutral
Half-year report to 31 December 2018. The visible text recaps known events: A$2.5M drawn from the Magna facility, Magna note conversions, NEX listing and Vienna listing work. Financial figures are not in the provided text.
1 Mar 2019other● Neutral
Routine notice: issued capital unchanged at 549,921,537 ordinary shares at 28 February 2019. Administrative only.
1 Feb 2019other● Neutral
Routine notice: issued capital unchanged at 549,921,537 ordinary shares at 31 January 2019. Administrative only.
16 Jan 2019quarterly activities report● Neutral
December quarter report: Dorfner/Anzaplan awarded the metallurgical test work and pilot processing contract for the DFS. Zone 1 drilling still awaits authority approval, now expected Q1 2019. Magna converted notes into shares; conversion floor cut to A$0.08 from A$0.10.
7 Jan 2019other● Neutral
Company forwards Cervantes' drilling update from its Albury Heath gold prospect, noting EUR holds 32M Cervantes shares (6.47%). Not about European Lithium's own projects; Cervantes is also raising $700,000 at $0.01 per share.
2 Jan 2019other● Neutral
Routine notice: issued capital was 549,921,537 ordinary shares at 31 December 2018, up from 547,876,022 a month earlier. Administrative only.
3 Dec 2018other● Neutral
Routine UK-rules notice: issued capital was 547,876,022 ordinary shares at 30 November 2018. Administrative only.
26 Nov 2018other▲ Good
Admission to the NEX Exchange Growth Market in London confirmed; trading begins 26 November 2018 under the ticker EUR. Completes the application announced on 20 November. Issued capital stated as 547,876,022 shares.
20 Nov 2018other▲ Good
Company applies to list its 546,325,198 shares on London's NEX Exchange Growth Market, with trading expected from 26 November 2018. It says this gives European investors more access and liquidity. The ASX listing is unchanged.
12 Oct 2018quarterly activities report● Neutral
September quarter report: DFS has started, Zone 1 drilling mobilisation under way with drilling now expected in Q4 2018 (slipped from August). A$2.5M of the Magna facility was drawn on 14 September. Law and communications advisers engaged for the Vienna listing work.
10 Sept 2018other● NeutralMajor
Board is investigating spinning off its Austrian subsidiary, which holds the lithium assets, to existing shareholders and listing it on Vienna's Prime Market. The GmbH-to-AG conversion is almost done. ASX listing stays for now; shareholder approval would be required.
7 Sept 2018debt financing● NeutralMajor
Secures a facility of up to A$10M from MEF I (Magna) via convertible notes: A$2.5M immediately, A$7.5M later in tranches. Notes convert at the lower of A$0.30 or a 15% discount to recent trading prices. Secured against company assets. DFS now due April 2019.
7 Sept 2018debt financing● Neutral
Revised version of the Magna A$10M convertible note release. Adds tranche milestones (drilling start, new resource/reserve, one with none), a A$0.10 conversion floor, A$1.10 note face value, and that drawing later tranches is optional. Supersedes the earlier version.
6 Aug 2018director officer appointment▲ Good
Christian Heili, a mining engineer with 30+ years' experience, is appointed Project Director for Wolfsberg. He will help oversee the Definitive Feasibility Study, still expected to start in the third quarter, alongside new CEO Dietrich Wanke.
27 July 2018admin correction● Neutral
Appendix 4G lodged with the annual report, pointing to the corporate governance statement on the company's website, approved by the board as at 26 July 2018. Administrative filing only; no operational or financial information.
27 July 2018annual report● Neutral
Annual report to 30 June 2018 shows a net loss of $749,798 (2017: $8,008,363). Directors are Sage, Day and Müller. Repeats the Horizon 2020 and Cervantes share settlement events after year end.
26 July 2018quarterly activities report● Neutral
June quarter report: Zone 1 drilling cut back to a 10 shallow-hole first stage, approved by the Mining Authority on 7 May, with drilling now expected in August. Holds 32M Cervantes shares (6.47%). Other content repeats earlier news.
5 July 2018asset acquisition disposition● Neutral
Paynes Find sale finalised: the last $80k of cash owed will be paid as 7M Cervantes shares at 1.14c, plus one free option per two shares at 1.5c to June 2020. $420k cash received so far. Replaces the earlier cash schedule.
5 July 2018asset acquisition disposition● Neutral
Cervantes' own announcement of the same deal: the remaining $80k is settled with 7M Cervantes shares at 1.14c plus attaching options at 1.5c. Duplicate of European Lithium's notice from its counterparty's side.
2 July 2018regulatory community update▲ Good
Austrian subsidiary is in a 17-member consortium that passed the first stage of EU Horizon 2020 funding for a lithium extraction technology project, seeking EUR4.9M for the consortium. Final evaluation is due in Q3; funding is not secured.
25 June 2018other● Neutral
Share registry moves to Computershare from close of business 29 June 2018. Administrative notice only.
18 June 2018other● Neutral
Company has amended its Securities Trading Policy under ASX rules, with the revised policy attached. Administrative only; the text does not show what changed.
29 May 2018investor presentation● Neutral
About 100 investors, politicians and press visit the Wolfsberg site on 29-30 May 2018 to hear the PFS and Zone 2 results. Nothing new announced.
4 May 2018director officer appointment● NeutralMajor
Dietrich Wanke, Austria General Manager since 2016, becomes CEO, replacing Dr Steve Kesler who leaves. DFS now expected to start in Q3. Company says it is in talks with European corporates about partnerships; Wanke's contract is still being finalised.
30 Apr 2018other● Neutral
Annual corporate governance statement, last board-reviewed 5 September 2017. It says the company does not follow every ASX recommendation given its size. No new operational or financial information.
30 Apr 2018quarterly activities report● Neutral
March quarter report repeats the PFS (NPV8 A$441.9M) and Zone 2 results. New items: mining-licence suspension extended to 31 Dec 2019 (granted 30 Jan); 33-hole Zone 1 programme awaiting approval; CVS holding diluted from 7% to 5.13%; maiden Zone 2 resource due by end Q2.
27 Apr 2018drilling result▲ GoodMajor
Four of five new Zone 2 holes reported multiple pegmatite intersections, up to 7.05m (lower grade) and grades up to 2.49% Li2O. Company says Zone 2 could mirror Zone 1; a maiden Inferred resource is planned. One hole's assays are still awaited.
5 Apr 2018resource reserve update▲ GoodMajor
Wolfsberg PFS complete: Accelerated case pre-tax NPV8 A$441.9M (Base case A$342.7M), lithium hydroxide 10,129tpa, using only the 6.3Mt measured and indicated resource. DFS to start in July, aiming at about 800,000tpa mining rate with a bigger resource.
3 Apr 2018asset acquisition disposition● Neutral
Cervantes deferred cash terms amended again: $270k received of $500k cash, with the remaining $230k now $75k by 31 March, $75k by 31 May and $80k by 30 June 2018. The share part ($500k) is received.
