Each one in plain English, with the numbers worked through for a shareholder.
27 Nov 2013investor presentation● Neutral
Mining South Australia conference presentation, mostly repeating known facts, with Waddikee graphite history and drilling. Share price 2.5c, market value $3.8m, cash $1.04m at 30 Sept. Strategy now lists graphite alongside copper and nickel-copper.
20 Nov 2013investor presentation● Neutral
AGM presentation repeating known facts: cash $1.04m at 30 Sept, 150.2m shares, share price 2.8c, market value $4.2m. Restates the Waddikee resource and Punt Hill spend of about US$3.9m. No new announcements.
19 Nov 2013other● Neutral
Marmota Energy announcement that it has earned 100% of the uranium rights at Junction Dam. Nothing in the text concerns Monax's own assets or interests, so no direct effect on Monax is stated.
18 Nov 2013capital raising announcement▼ BadMajor
Rights issue closed 14 Nov with only 3,932,454 shares taken up (about $118k at 3c) out of 48,991,628 offered, leaving a shortfall of 46,139,814 shares. Directors are talking to interested parties and can place the shortfall within three months.
What it means for a shareholder
3.9m new shares at $0.030 to raise about $118,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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11 Nov 2013regulatory community update▲ Good
Alliance won three exploration licence applications (3,396km2) in South Australia's Musgrave Province, targeting copper and copper-nickel; two were competitive. Not yet granted, and they go to Antofagasta for a possible Designated Project decision. Early sampling and electromagnetic surveys are planned.
7 Nov 2013joint venture update▲ GoodMajor
Antofagasta's Alliance formed the Millers Creek Designated Project: three Alliance tenements plus Maximus's four, 3,165km2 in the Woomera area. Under Alliance terms Antofagasta holds 51% and Monax 49% of a designated project. Gravity work planned late 2013 or early 2014.
4 Nov 2013farm in farm out agreement▲ GoodMajor
Maximus Resources signed a binding MoU giving Monax Alliance six months' exclusivity on its four Billa Kalina tenements (2,342km2), for US$25,000. Alliance can then farm in to earn 80% by spending US$3m. This adds a new Alliance copper-gold prospect.
4 Nov 2013farm in farm out agreement● Neutral
Re-release of the 4 Nov Maximus MoU: Alliance gets six months' exclusivity on four Billa Kalina tenements (2,342km2), and can earn 80% by spending US$3m over three years. Adds detail: Maximus can then sell its 20% for US$4.5m. Access awaits a Woomera deed expected late 2013.
14 Oct 2013capital raising announcement● Neutral
Rights issue closing date extended from 22 October to 14 November 2013, with new shares now trading from 22 November. No reason is given in the text.
25 Sept 2013investor presentation● Neutral
September 2013 presentation repeating known facts: Wilclo South resource, rights issue, cash $1.3m at 30 June, 150.2m shares, price 3.1c, market value $4.5m. Drilling at Algebuckina, Reedy Lagoon and Phar Lap now planned for 2014.
24 Sept 2013capital raising announcement● Neutral
Shareholder letter restating the rights issue terms: 1-for-3 at 3c, up to about $1.5m, record date 1 October. Funds go to Wilclo South metallurgy and Francis work. Repeats known facts.
23 Sept 2013capital raising announcement● Neutral
Prospectus lodged for the 1-for-3 rights issue at 3c, issuing up to 50,071,601 shares to raise about $1.5m. Closing date 22 October 2013. Board cites constrained capital and a mix of direct exploration and partnerships.
What it means for a shareholder
50.1m new shares at about $0.030 to raise about $1.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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20 Sept 2013annual report● Neutral
Annual financial report for year to 30 June 2013, listing directors Kennedy, Davis and Ferris. The text shown contains no financial results, so no figures can be reported here.
17 Sept 2013capital raising announcement● Neutral
Administrative letter to optionholders on the rights issue: options must be exercised by 1 October 2013 to take part. No new information beyond the announced 1-for-3 offer at 3c.
16 Sept 2013capital raising announcement● NeutralMajor
Monax plans a 1-for-3 non-renounceable rights issue at 3c per share to raise about $1.5m, a 15% discount to the 30-day VWAP. Funds go to Wilclo South metallurgy, Francis drilling, graphite marketing and working capital. Shortfall may be placed by directors.
16 Sept 2013joint venture update▲ GoodMajor
Antofagasta will extend the Strategic Alliance a third year, providing up to US$400,000 for copper project review. Punt Hill spend is about US$3.9m, still short of the US$4m needed for 51%. Wilclo South metallurgy and graphite marketing to start.
26 Aug 2013resource reserve update▲ GoodMajor
Maiden Inferred resource at Wilclo South, Waddikee: 6.38Mt @ 8.8% graphitic carbon, about 550,000t contained graphite (5% cut-off), including 1.75Mt @ 12.5%. Delivers the resource awaited since April drilling; metallurgy and Francis drilling planned next.
26 June 2013drilling result▲ GoodMajor
Final Wilclo South assays include 10m @ 24.4% graphitic carbon and 12m @ 17.5%, with up to 45% over one metre. AMC Consulting's JORC resource is now expected by late July 2013, slipping from the earlier late-June target.
25 June 2013material agreement termination▼ BadMajor
The Alliance withdrew from the Falcon Minerals option over two Peake-Denison tenements after gravity modelling showed no suitable large copper-gold target. This ends the option signed in December 2012; the US$25,000 upfront payment appears spent for no result.
25 June 2013drilling result▲ Good
Gravity survey at Algebuckina outlined two copper-gold targets, Eitzen Bore and Ruby Hill. The project now covers three tenements (1,702km2) after the Falcon pair were dropped. Ground magnetics follow, then a budget decision at the August Antofagasta meeting; drilling possible in September quarter.
27 May 2013drilling progress report▲ Good
Initial Wilclo South assays are arriving, with all expected within three weeks. Petrology on 12 samples shows more coarse flake graphite. AMC Consulting is engaged to produce the JORC resource, expected by end of June 2013.
22 May 2013investor presentation● Neutral
May 2013 MD presentation largely repeating known facts: cash $1.5m at 31 March, share price 4.1c, market value $6.1m. Waddikee JORC resource is now expected mid-late June. Granite from Punt Hill hole HODD3 dated as Hiltaba age, the same age as Olympic Dam mineralisation.
14 May 2013drilling scheduled● Neutral
A gravity survey has started at Algebuckina, the first Antofagasta Alliance project, over four copper-gold targets, taking about two weeks. A Native Title agreement with the Arabana group is to be signed shortly. Drilling is planned for the third quarter 2013.
13 May 2013material agreement▲ GoodMajor
Monax signed a term sheet with Fortescue's FMG Resources for the Reedy Lagoon copper-gold project (EL 5026), giving an exclusive due diligence period and a right to negotiate a farm-in. Terms are non-binding and access to the tenement is not yet granted.
22 Apr 2013drilling result▲ GoodMajor
Francis, a second graphite prospect at Waddikee, returned 15m @ 20.7% graphitic carbon and 12m @ 21.9%, with up to 38.1% over one metre. This adds a second high-grade zone alongside Wilclo South; Wilclo South results are due in 4-6 weeks.
10 Apr 2013drilling progress report▲ Good
The 2013 Waddikee drilling is complete: 87 holes (8,315m), including 77 at Wilclo South and seven at Francis, where two holes showed coarse visible graphite. Samples go to the lab, with results in 4-6 weeks and a JORC resource to follow in a further 4-6 weeks.
25 Mar 2013drilling result▲ Good
Petrology confirms coarse flake graphite at Waddikee's Wilclo South, flakes averaging about 0.45mm. All 77 RC holes (7,307m) are drilled, and diamond drilling for metallurgical samples has started. Francis drilling follows; 13 more petrology results are due in 3-4 weeks.
13 Mar 2013half year report● Neutral
Half-year report to 31 December 2012: net profit $1,911,837 versus a $1,071,950 loss a year earlier. Antofagasta has spent US$3.76m at Punt Hill against US$4m needed to earn 51%. Text shown does not explain the profit; no cause is stated.
14 Feb 2013drilling spud▲ GoodMajor
RC drilling began at Waddikee, mainly at Wilclo South, where earlier holes gave 15m @ 16.3% graphitic carbon. Limited drilling at Francis and Argent. Expected to take 4-6 weeks, aiming for an inferred resource by mid-2013.
11 Feb 2013drilling scheduled▲ Good
Ground EM survey shows a continuous conductor over 2km at Wilclo South, open at both ends. A 70-hole RC drilling program starts this week, mostly at Wilclo South, aiming for an inferred resource by mid-2013. Francis and Argent follow.
