Each one in plain English, with the numbers worked through for a shareholder.
9 Mar 2017drilling scheduled▲ GoodMajor
Monax plans a 16-hole reverse circulation lithium program at Litchfield targeting four areas, starting late April 2017 once the management plan is approved (expected in 4-6 weeks). Percyville IP survey and follow-up drilling are planned for April, and Croydon field work for the coming weeks.
13 Jan 2017drilling result▲ Good
Auger sampling south of EL 28462 found anomalous lithium (over 100 ppm) on the Black Soil plains, adding a further drill target. Up to seven areas now warrant drilling in 2017 after the wet season.
11 Jan 2017drilling result▲ Good
More Litchfield sampling found a new anomalous zone east of Tank Hill (soil up to 190 ppm Li) and a rock chip of 7.25% Li2O. Up to seven areas now warrant drilling; maiden drilling now planned for Q2 2017.
21 Dec 2016drilling result▲ Good
Litchfield soil sampling outlined six priority lithium targets, with lithium up to 420 ppm and 1% tin; Tank Hill reached 230 ppm. Maiden drilling is planned for early 2017 after the wet season. Surface results only, no drilling yet.
20 Dec 2016drilling result▲ GoodMajor
Maiden Percyville drilling found shallow gold in 12 of 14 holes, best 19m at 2.85 g/t (including 4m at 9.4 g/t) and a peak of 23 g/t over 1m. An IP survey comes first, with follow-up drilling planned for early 2017.
14 Dec 2016drilling progress report● Neutral
Litchfield soil, auger and costean sampling finished, and the maiden Percyville drilling finished (14 holes, 860m); results due within 1-2 weeks. Monax is also withdrawing from Mt Ringwood, ending that gold thread.
16 Nov 2016investor presentation● Neutral
AGM presentation repeating known facts: Litchfield lithium up to 8.03% Li2O, Percyville gold up to 62 g/t with drilling to start after the AGM, Croydon history. Shows 458.0M shares, cash estimate $1.0M (down from $1.5M in August). No new results.
16 Nov 2016other● Neutral
AGM chairman's address recapping the shift to gold and lithium, the roughly $1.5m July raising said to fully fund priority projects, and Litchfield and Percyville results. Iluka still earning into Phar Lap; Western Gawler sold. No new facts.
19 Oct 2016capital raising announcement● Neutral
Cleansing notice for 4,000,000 shares issued 18 October 2016 under the Percyville option and sale agreement with Zabel and the Fosters. Fulfils the share payment in the August term sheet; no cash raised.
19 Oct 2016drilling scheduled▲ Good
IP surveys at Percyville found chargeable targets that may be tested by shallow drilling, planned to start early November. Litchfield costeaning and auger sampling approved pending a security bond, due within weeks. Next step after the Percyville option signing.
14 Oct 2016admin correction● Neutral
Administrative corporate governance filing (Appendix 4G) for the year ended 30 June 2016, pointing to the governance statement on the company website. No operational or financial substance.
26 Sept 2016annual report● Neutral
Annual financial report for year to 30 June 2016, with directors' details: Chair Kennedy, directors Davis and Ferris, auditor Grant Thornton. Provided text is truncated, so no financial figures are reported here.
31 Aug 2016drilling result▲ GoodMajor
Further Litchfield rock chips gave lithium up to 8.03% Li2O at White Rocks and 7.62% at Tank Hill, above the earlier 7.55%. Costeaning and auger plans submitted, drilling targeted late 2016. Monax withdrew from Bullock Creek to focus on Litchfield.
24 Aug 2016farm in farm out agreement▲ GoodMajor
Monax signed a binding term sheet for an option over Percyville mining lease ML 30216 and permit EPM 25370 in Queensland. Cost: 4m shares plus $500,000 within 18 months. Surface samples averaged 10.3 g/t gold, up to 62.5 g/t. A new gold thread.
24 Aug 2016admin correction● Neutral
Re-release of the Percyville announcement to name the counterparty, Mr Allyn Zabel, as required by ASX Listing Rule 3.1. Terms and results are unchanged: 4m shares plus $500,000 option, gold up to 62.5 g/t.
19 Aug 2016investor presentation● Neutral
August 2016 presentation repeating known facts: Litchfield lithium up to 7.55% Li2O, Mt Ringwood drilling (8.6 g/t over 1m) and Croydon gold sampling. Shows 454.0M shares, cash estimate $1.5M and Antofagasta at 8.5%. No new results.
3 Aug 2016admin correction● Neutral
225,000 unlisted options at $0.051 expired on 28 July 2016. Shares on issue are now 453,960,718, reflecting the rights issue and shortfall placement. Remaining unquoted options are 325,000 at $0.053 and 1,200,000 at $0.026.
26 July 2016other▲ Good
X-ray testing confirmed the high-grade Litchfield lithium mineral is montebraisite, an amblygonite-group mineral, with assays up to 7.55% Li2O. The landholder found another amblygonite occurrence at Tank Hill, not yet assayed. Detailed sampling starts this week.
20 July 2016capital raising announcement▲ GoodMajor
The rights issue shortfall was placed to sophisticated investors, raising about $914,000, and the issue was oversubscribed. Total raised now exceeds $1.5m before costs, resolving the shortfall left after weak shareholder take-up. Detailed Litchfield sampling starts next week.
18 July 2016farm in farm out agreement▲ GoodMajor
Monax signed a binding term sheet to earn 90% of three Litchfield exploration licences in the NT, about 110km south of Darwin, by spending $1.5m on drilling within 24 months. Surface samples assayed up to 7.55% Li2O. A new lithium thread beyond Bullock Creek.
13 July 2016capital raising announcement▼ BadMajor
Rights issue take-up was weak: of 150.4m shares offered, holders took 36.8m plus 17.0m additional, and underwriter Kennedy 5.1m, leaving a 91.4m-share shortfall (about $0.91m at 1.0c). New shares are due 15 July; the company may place the shortfall within three months.
11 July 2016capital raising announcement● Neutral
The rights issue offer has closed. Results will be announced on 13 July once cleared funds are confirmed, and the shortfall will be handled under the prospectus. Administrative notice with no figures.
1 July 2016drilling result● NeutralMajor
Maiden Mt Ringwood drilling gave a best result of 8.6 g/t gold over 1m at Great Northern, with most holes showing anomalous gold above 0.5 g/t. Only narrow quartz zones were hit. Monax plans an IP survey and trenching at Star of the North; no resource defined.
29 June 2016drilling result● Neutral
Croydon gold rock chips returned up to 87.8 g/t at Vanderbilt and 21.2 g/t at Lost Chance (17 samples; not considered highly representative). The 10 Bullock Creek lithium samples gave insignificant results, a setback after the earlier 3.55% Li2O sample. Drill results still pending.
21 June 2016capital raising announcement● Neutral
The rights issue closing date moves from 24 June to 8 July 2016, so shareholders can review the pending Mt Ringwood drilling and sampling results first. Allotment is now 15 July and trading of new shares 18 July. Extends the earlier timetable.
17 June 2016drilling progress report● Neutral
Sampling is finished at Bullock Creek lithium (10 samples; EPM 26053 now offered for grant) and Croydon gold (17 samples; EPM 26038 granted). Results are due within a week. Lithium drilling could start in the September 2016 quarter if sampling is positive.
9 June 2016investor presentation● Neutral
June 2016 presentation repeating known facts: Mt Ringwood drilling done, lithium and Croydon gold sampling planned. It gives 303.6m shares, market cap of $3.9m at 1.3c, estimated cash of $0.3m, and Antofagasta holding 12.7%. No new results.
7 June 2016drilling progress report● Neutral
Maiden Mt Ringwood drilling finished: nine holes for 564m (six Great Northern, two Great Western, one Star of the North), one fewer than the ten planned. Gold specks were found on drill pads. Assay results are due in 2-3 weeks, within the rights issue offer period.
7 June 2016capital raising announcement● Neutral
The rights issue prospectus and personalised acceptance forms were posted to eligible shareholders. The offer is 1 new share for every 2 held at 1.0c, aiming for about $1.52m, and the form states payment is due by 24 June 2016. Administrative mailing, no new terms.
1 June 2016capital raising announcement● Neutral
A cover letter to shareholders restating the rights issue terms: 1 new share for every 2 held at 1.0c, up to about $1.52m, record date 3 June, closing 24 June 2016. No new information.
