Each one in plain English, with the numbers worked through for a shareholder.
16 Nov 2016resource reserve update▲ GoodMajor
Company says twin-hole and channel data show the old Minerex data is not significantly different, so it can be used in a JORC 2012 resource model. Upgrade is described as imminent; the figure is not yet released, and the end-October target has slipped.
7 Nov 2016drilling result▲ Good
Twin-hole drilling assays confirm high-grade veins, with amphibolite intersections up to 3.35% Li2O and mica schist up to 4.26m at 1.44% Li2O. The company says the results verify the old Minerex data; upgraded resource still to come.
2 Nov 2016other● Neutral
Company will exhibit at a precious metals and commodities show in Munich on 3 to 4 November 2016, following its Frankfurt listing. Marketing notice only.
2 Nov 2016drilling result▲ Good
Channel sampling of underground veins returned averages of 1.80% Li2O (Vein 2.1, 140m), 1.82% (Vein 3.1, 145m) and 1.31% Li2O in mica schist (Vein 7, 40m). Supports the old Minerex data; the resource stays at 3.7Mt inferred until the upgrade.
28 Oct 2016quarterly activities report● Neutral
September quarter report recaps the acquisition, $6.232M raising, relisting and verification drilling. It restates that the 3.7Mt at 1.5% Li2O resource is inferred only because original core and QA/QC records are missing. Further 62.5M shares are due if resource reaches 4.5Mt at 1.3%.
21 Oct 2016other▲ Good
Shares also listed on the Frankfurt Stock Exchange under ticker PF8, to widen access for European investors and support liquidity. No capital raised; upgraded resource still expected by early November.
20 Oct 2016drilling scheduled▲ GoodMajor
Surface drilling begins at Wolfsberg: four deep Zone 1 holes (1,760m) and nine Zone 2 holes (1,750m), plus 300m of trenching, over about 16 weeks. The Zone 2 permit is received; Zone 1 awaits a written decree. Upgraded resource still expected early November.
10 Oct 2016other● Neutral
CEO Steve Kesler interview restating plans: JORC resource by end of October, prefeasibility study by mid-2017, and production in two years for glass/ceramics and four for batteries. The $6M raised is said to fund the company through the PFS; more funding needed after.
4 Oct 2016investor presentation● Neutral
Roadshow presentation restating known facts: 100% of Wolfsberg in Austria, 361.8M shares, 208M options, 156M free float, and escrow terms. Nothing new for shareholders.
30 Sept 2016annual report● Neutral
Annual report for year to 30 June 2016, covering the old Paynes Find gold shell: net loss $553,745 (2015: $986,321). The Wolfsberg acquisition completed after year end, so the business is now lithium in Austria. No dividend.
30 Sept 2016admin correction● Neutral
Appendix 4G governance checklist filed alongside the annual report, pointing to the governance statement on pages 39 to 49. Administrative filing with no new commercial information.
26 Sept 2016material agreement▲ GoodMajor
Dorfner Anzaplan engaged for metallurgical test work to optimise the Wolfsberg process and test a possible low-cost route to fast-track limited production. Pilot programme is scheduled to finish by end Q1 2017.
20 Sept 2016drilling result● Neutral
Wolfsberg verification drilling done: seven twin holes totalling 828m and 95 channel samples over 190m. Assay results are due mid-October, with an upgraded JORC resource expected by end October or early November 2016. Results pending.
19 Sept 2016director officer appointment● Neutral
Amy Fink appointed Company Secretary and CFO, replacing Paul Lloyd in those roles. Lloyd stays as a non-executive director.
16 Sept 2016other● Neutral
Company confirms no material subsequent events, no impediments to the planned activities, and compliance with Listing Rules. Standard reinstatement confirmations.
16 Sept 2016capital raising announcement● NeutralMajor
Actual funds raised were $6,232,200, near the $6M minimum rather than the $9M maximum. Planned spend includes $1.36M Zone 1 drilling and $867,000 Zone 2 drilling, from $6.58M total including existing cash.
16 Sept 2016other● Neutral
Securities trading policy lodged as an ASX reinstatement requirement. Standard insider trading guidelines with no new information.
16 Sept 2016other● Neutral
ASX lists the documents released before reinstatement, including capital structure, commitments and an update on the Glock Gut property dispute. Index only; the substance is in the separate releases.
16 Sept 2016annual report● Neutral
Historical accounts of European Lithium AT for FY2013 to FY2015 and half-year to December 2015. Losses were small, with the half-year loss at €48,005. Filed as a listing requirement.
16 Sept 2016other● Neutral
Escrow details: 76,484,115 shares and 200M options held 24 months from quotation; 129,304,772 shares held 12 months from 9 September 2016. Disclosure only.
16 Sept 2016other● Neutral
Pro-forma balance sheet using the actual $6,232,200 raised: cash $7.05M, exploration assets $17.8M, net assets $23.2M. Accounting presentation of the reverse acquisition, not new results.
16 Sept 2016other● Neutral
Confirms completion conditions are met: 187.5M shares to sellers, 23.4M shares and 200M options to EverBlu, 2.5M shares to Malcolm Day. David Holden resigned, Antony Sage joined the board and Dr Steve Kesler is CEO.
16 Sept 2016regulatory community update▼ BadMajor
Landowner dispute with Glock Gut over Wolfsberg: the underground drilling finished 1 September under an injunction, but an appeals court overturned it on 30 August and the company is appealing. Arbitration is under way; company says planned work is unaffected.
16 Sept 2016other● Neutral
Distribution schedule showing shareholding spread by holder size. Administrative disclosure with no new development.
16 Sept 2016other▲ GoodMajor
ASX will reinstate the company to quotation on 20 September 2016 as EUR, after a suspension since 5 May. 156,095,863 shares are quoted; large blocks of shares and 200M options are escrowed for 12 to 24 months.
16 Sept 2016other● Neutral
ASX Compliance confirms reinstatement from 20 September 2016 under code EUR, with 156,095,863 shares. Repeats the main notice.
16 Sept 2016other● Neutral
Formal ASX listing application for 156,095,863 ordinary shares under the European Lithium name. Standard form with no new commercial information.
16 Sept 2016other● Neutral
Post-acquisition capital structure: 361,884,750 shares and 208,000,000 options on issue. That includes 77.9M public offer shares, 187.5M to European Lithium holders and 23.4M plus 200M options to EverBlu.
16 Sept 2016other● Neutral
Top 20 holders list as of 9 September 2016. Dempsey Resources is largest at 13.57%, Exchange Minerals 8.53% plus a second holding of 2.86%, Delecta 3.04%. Disclosure only.
15 Sept 2016admin correction● Neutral
Registered office moved to 32 Harrogate Street, West Leederville WA, with new mailing address and phone details. Administrative only.
