Each one in plain English, with the numbers worked through for a shareholder.
12 Nov 2015drilling scheduled▲ Good
Monax has started detailed mapping and sampling at Mt Ringwood and found more visible gold; first assays are due in 3-4 weeks. Iluka plans three diamond holes of about 500m at Phar Lap, starting next week and taking 6-8 weeks.
10 Nov 2015farm in farm out completion● NeutralMajor
Western Areas says it has now earned 90% of the Monax Western Gawler ground by spending $1.2m on stage 2, nearly three years early. Monax has 45 days to co-fund as a 10% partner or dilute to a 1% royalty; about 50 more holes are planned this quarter.
10 Nov 2015farm in farm out completion● Neutral
Monax confirms Western Areas completed stage 2 at Western Gawler ($1.2m spent), taking it to 90% and leaving Monax 10%. Monax has 45 days to join the joint venture or dilute to a 1% royalty. This completes the earn-in flagged on 29 September.
3 Nov 2015admin correction● Neutral
Monax moves its exploration office to Level 3, 100 Pirie Street, Adelaide, which it says gives a significant cost saving as part of its cost-cutting focus. The registered office stays at Unley. No effect on projects.
26 Oct 2015joint venture update▲ Good
Monax re-releases Western Areas' September quarter report on Western Gawler: 65 of a 100-hole program done (5,789m), petrology confirms magmatic nickel-copper sulphides, and one hole had anomalous copper-gold-silver (up to 1,750ppm Cu). Assays support the earlier petrology; no ore-grade result.
26 Oct 2015drilling result▲ GoodMajor
Rock chips from the new Mt Ringwood gold project returned four samples above 1,000 g/t gold (up to 3,090 g/t) at Great Northern, plus up to 65 g/t at Great Western and 39.7 g/t at Star of the North. Monax cautions the gold is nuggety; drilling or costeaning is targeted for early 2016.
21 Oct 2015asset acquisition disposition▲ GoodMajor
Monax agrees to buy 12 more Mt Ringwood mining leases from Newmarket Gold for $25,000 upfront, with a 45-day due diligence period, $100k on a decision to mine and a 1% royalty. Extends the Pine Creek gold package, with drilling planned early 2016.
19 Oct 2015other● Neutral
Corporate governance checklist (Appendix 4G) for FY2015, pointing to the governance statement on the company website. Compliance paperwork with no new information on projects or finances.
15 Oct 2015asset acquisition disposition▲ GoodMajor
Monax agrees terms to take control of gold leases at Mt Ringwood, Pine Creek NT: 14m shares to four vendors (needs AGM approval) plus a $200k farm-in for 90% of two licences. One of six rock chips assayed 257 g/t gold. Drilling targeted early 2016. A new gold strategy.
13 Oct 2015drilling progress report● Neutral
Western Areas has restarted drilling at Western Gawler and will trial limited ground gravity and electromagnetic surveys. Repeats the earlier petrology findings of nickel-copper sulphides. No new results.
29 Sept 2015drilling result▲ GoodMajor
Western Areas reports it has earned 75% of the Monax JV ground after the $800k stage 1 spend and will proceed to stage 2 for 90%, spending $400k in 18 months. 65 holes (5,789m) found mafic intrusions with nickel-copper sulphides confirmed by petrology; no assays yet.
29 Sept 2015farm in farm out completion▲ Good
Monax confirms Western Areas completed stage 1 at Western Gawler, spending $800k to earn 75%, and elects to go to stage 2 for 90%. 65 holes (5,789m) found intrusions with nickel-copper sulphides on petrology; assays awaited.
21 Sept 2015admin correction● Neutral
Administrative notice: the registered office phone number has changed. The address stays at 139 Greenhill Road, Unley. No substance.
21 Sept 2015annual report● Neutral
Annual financial report for the year to 30 June 2015, lodged. The text provided covers only the corporate directory and directors' report, listing chairman Kennedy, Davis, MD Ferris and alternate Witton, with no financial figures shown. Auditor remains Grant Thornton.
8 Sept 2015admin correction● Neutral
Administrative notice: Monax's registered office moves to 139 Greenhill Road, Unley, SA. No effect on projects or finances.
1 Sept 2015capital raising announcement● Neutral
Monax issued 21,385,924 shares on 1 September 2015 under the Punt Hill agreement. This completes the roughly 9.99% share issue to Antofagasta, taking Monax to 100% of Punt Hill. Routine cleansing notice; no cash raised.
12 Aug 2015director officer appointment▼ BadMajor
Managing Director Gary Ferris has been given three months' notice of termination, which the board attributes to current economic constraints, not performance. The board intends to keep him as a non-executive director afterwards. Follows cash falling to $1.05m.
30 July 2015security holder rights change● Neutral
Monax confirms its 21,406,397 listed options (exercise price 4.2c) expired on 29 July 2015. This closes the option expiry notified on 30 June.
6 July 2015drilling spud▲ Good
Western Areas has started drilling on Monax's Western Gawler Craton tenements, planning up to 85 holes over about two months, partly funded by a PACE grant of up to $100,000. Follows the April native title agreement. No results yet.
6 July 2015drilling result▼ BadMajor
Only one of two planned Margaret Dam holes was drilled, to 108.17m. It hit a mafic intrusive at about 76m, thought to be the cause of the magnetic anomaly, not a kimberlite. The core goes for sampling. Maiden kimberlite test showed no kimberlite.
6 July 2015drilling progress report▲ Good
Partner Western Areas announces a drilling campaign of up to 10,000m over about two months at Western Gawler, with up to $3m planned for FY16. This is the farm-in drilling Monax flagged for the June quarter. No results yet.
30 June 2015security holder rights change● Neutral
Monax notifies holders that its 21.4m listed options (exercise price 4.2c) expire on 29 July 2015. Shares last traded at 0.8c, well below the exercise price, so exercise is unlikely. ASX waived individual notices to holders.
26 June 2015drilling spud● Neutral
Drilling has started on the Margaret Dam kimberlite target, with two holes planned over about ten days and part-funded by the $70,000 PACE grant. No results yet.
15 June 2015farm in farm out agreement▼ BadMajor
Antofagasta will not keep funding Punt Hill, so Monax moves to 100% by issuing Antofagasta 9.99% of its shares and handing back its 51%. Antofagasta keeps a 1.5% royalty. One more Groundhog hole is planned for late 2015.
29 May 2015regulatory community update▲ Good
Aboriginal heritage clearance is verbally approved at Margaret Dam, with no sites of significance in the drilling area. Two holes are planned from early July 2015, awaiting the final clearance report. Restates the geophysical target.
28 May 2015farm in farm out completion▲ GoodMajor
A binding farm-in agreement is signed with Iluka for Phar Lap: Iluka can earn 80% of EL 5123 by spending $2m over four years, with $400k committed in two years and a right to withdraw after that. Converts March's term sheet.
14 May 2015joint venture update▼ BadMajor
Antofagasta is withdrawing from the Millers Creek and Musgrave projects, and Alliance has pulled out of the Maximus farm-in after the single Oliffes Dam hole; the committee judged more drilling not warranted. Monax keeps three Musgrave applications. Reverses February's farm-in.
30 Apr 2015regulatory community update▲ Good
Monax signs a native title agreement with the Far West Coast Aboriginal Corporation for Western Gawler Craton, clearing the way for on-ground work. Magnetic interpretation shows possible intrusions; Western Areas-funded drilling is planned from the June quarter, with up to $100k PACE support.
15 Apr 2015regulatory community update▲ Good
South Australian PACE grants: $70,000 for the Kimberlite drilling (planned June/July 2015), up to $75,000 for further Punt Hill drilling at Groundhog, and up to $100,000 for Western Areas at Western Gawler Craton. The MD calls these 'capital constrained times'.
15 Apr 2015drilling result● Neutral
Hole MCDD1501 at Millers Creek is finished at 911.3m, with basement at 765.4m. No assay or mineralisation results are given; core and downhole data will be reviewed before any decision on further drilling.
