3 May 2012drilling result▲ Good
Argent graphite samples assayed 10.24% to 16.04% carbon with flakes up to 2mm; Stanley returned 2.54%. Monax calls Argent a high priority target and is planning a maiden graphite drilling program.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
23 Apr 2012drilling result▲ Good
A second coarse graphite site, at Balumbah on Waddikee, assayed 9.97% carbon with flakes up to 2mm. Monax says this gives confidence the area is prospective for graphite. Drill-hole sample results are due in 4-6 weeks.
16 Apr 2012drilling result▲ Good
Sampling at Waddikee's Argent and Stanley prospects found coarse graphite flakes up to 2mm, confirmed by petrology. Assays are pending, and an accelerated graphite program is planned with drilling in 2H 2012. Early-stage reconnaissance only.
12 Apr 2012farm in farm out completion▲ GoodMajor
Antofagasta approved up to US$2.5m for 2012 Punt Hill exploration, taking total spend to US$4m over the first two years; about US$1.5m is already spent. A MIMDAS survey starts in 4-8 weeks, with six to eight holes planned for 2H 2012.
2 Apr 2012other● NeutralMajor
After a project review, Monax will focus on South Australia and let the Chile iron sands option lapse. Punt Hill MIMDAS survey is due shortly with drilling in 2H 2012; a new Phar Lap copper-gold project has two targets; four alliance project areas are under application.
26 Mar 2012other▲ GoodMajor
Monax's board approved a graphite-focused exploration strategy at Waddikee, after finding more than 20 historical drill holes reporting graphite. Mapping and sampling come after the manganese drilling, then drilling. This is a new direction beyond manganese; no assays yet.
22 Mar 2012drilling spud● Neutral
Drilling began at Waddikee: 45 holes (2,250m) to test induced polarisation anomalies at Hodgins, Polinga and Jamieson Tank for manganese. Results are expected mid-May 2012. OM (Manganese) is earning 60% by funding A$2m over four years.
15 Mar 2012half year report● Neutral
Half-year to 31 December 2011: net loss $1,071,950. Four Punt Hill holes found only minor copper in one hole, and further Punt Hill drilling is planned for the second half of 2012. Dr Alley resigned on 16 November 2011.
5 Jan 2012drilling result▲ Good
An induced polarisation survey found a significant anomaly at Polinga that may be a new manganese horizon. Drilling is planned for late February 2012. Earlier Polinga drilling had not defined a coherent body of manganese; best hole was 7m @ 15.24% Mn.
12 Dec 2011asset acquisition disposition▼ BadMajor
Monax withdrew from the Percyvale gold option after July drilling (best 8.94 g/t) did not confirm surface grades commercially. Pretender Creek bauxite auger drilling found no significant thickness below the surface capping. Punt Hill assays are due early February 2012.
6 Dec 2011drilling scheduled● Neutral
An induced polarisation survey started at the Jamieson Tank and Polinga manganese prospects at Waddikee, taking about three weeks. It will guide reverse circulation drilling in early 2012, funded under the OM (Manganese) farm-in.
25 Nov 2011farm in farm out agreement▲ GoodMajor
Monax signed a South Australian copper exploration alliance with Antofagasta, extending the Punt Hill relationship. Antofagasta provides US$1m over two years, earns 51% on each project then up to 70% for a further US$4m, plus a US$3m success fee per project.
23 Nov 2011material agreement▲ GoodMajor
Monax signed a 90-day option over the Huentelauquen iron sands project in Chile (four leases, 855 ha), with SKM engaged for a scoping study. This is a new direction beyond its South Australian and Queensland projects. No price was given in the text.
17 Nov 2011admin correction● Neutral
Corrected AGM results re-issued to fix an error in the proxy disclosures (the abstain and excluded vote counts). The resolutions and outcomes are unchanged.
16 Nov 2011investor presentation● Neutral
AGM presentation repeats known facts: Punt Hill best hole GHDD6 159m @ 0.47% Cu, two holes finished with a third started, five projects. Cash $3.2m at 30 September, share price 6c, market value $8.9m. No new results.
11 Nov 2011drilling result● Neutral
First Punt Hill hole OTDD01 hit basement at 432.1m, shallower than earlier holes; best assay so far is 9m @ 0.12% Cu. Hole finished at 639.5m, more assays due mid-December, and drilling has started at Target 6. A modest result.
2 Nov 2011security holder rights change● Neutral
Administrative notice that expiry notifications are being mailed to holders of MOXO options. The announcement gives no expiry date, exercise price or other detail.
24 Oct 2011drilling spud▲ GoodMajor
Drilling started at Punt Hill: four holes totalling 3,200m on gravity targets, three on the shallower Yeltacowie tenement (EL 4548). Funded by Antofagasta under its farm-in; about 50 days, results late 2011 or early 2012.
19 Oct 2011regulatory community update▲ Good
The Native Title Mining Agreement with the Kokatha Uwankara covering Punt Hill (EL 4642 and EL 4548) was registered by the SA Government. Drilling of four high-priority targets is expected within two weeks. This clears the heritage hurdle flagged earlier.
13 Oct 2011drilling spud▲ GoodMajor
Maiden drilling began at the Pretender Creek bauxite project in Queensland: about 180 holes across three 100% Monax tenements, previously sampled up to 44.5% Al2O3. It takes three to four weeks; results are due late 2011.
20 Sept 2011annual report● Neutral
Financial report for the year to 30 June 2011, with directors' report and board details. The provided text is truncated and shows no financial figures, so no result is stated here. Board unchanged; Grant Thornton remains auditor.
14 Sept 2011investor presentation● Neutral
September 2011 exploration update repeats known facts: Punt Hill best hole GHDD6 159m @ 0.47% Cu, five projects, cash $3.7m (30 June). Shares 5.5c, market value $8.2m, 148,753,668 shares on issue. No new results.
12 Sept 2011drilling result▲ GoodMajor
Marmota reported Melton Phase 2 results at the Miranda target: 9m @ 1.03% Cu including 1m @ 2.25% Cu in hole MIRDD08, with copper mineralisation over at least 1.3 km. A Phase 3 program is being considered with Monax (50% partner).
17 Aug 2011regulatory community update▲ Good
Heritage clearance with the Kokatha Uwankara was completed over six Punt Hill drill sites, meeting the mid-August target. Drilling of up to five holes under the Antofagasta farm-in is planned for October 2011.
9 Aug 2011asset acquisition disposition▲ GoodMajor
Monax bought exploration licence EL 3922 on Yorke Peninsula, lifting its holding there to four licences covering 401 km2. Past drilling on it hit 5.3m @ 1.66% Cu. Soil sampling and aircore drilling are planned for about December 2011.
25 July 2011drilling progress report● Neutral
An IP geophysical survey has started over the Hodgins manganese prospect at Waddikee, to follow up hole HRC005's 52m @ 21.1% Mn and guide targeted drilling after the 2011 cropping season. OMM is still earning 60% by funding A$2m.
18 July 2011drilling spud▲ Good
RC drilling began at Percyvale across four gold mining leases, up to 1,000m over about ten days, with results due mid-August. Earlier rock chips showed gold up to 608 g/t. Follows the January option renewal; first drilling there.
26 May 2011admin correction● Neutral
Re-release of the May 2011 exploration update with a corrected map on page 5 to show the right assay result for the best Punt Hill intercept. No new business information.
26 May 2011investor presentation● Neutral
May 2011 exploration update repeats known facts: Punt Hill drilling of about 3,000m planned for second half of 2011 after heritage clearance, 13 gravity targets outlined, cash $3.8m, share price 6.7c (market value $9.9m). No new results.
9 May 2011drilling result▲ GoodMajor
Waddikee drilling found the project's best manganese yet at the new Hodgins prospect: 20m @ 23.8% Mn and 10m @ 29.2% Mn in hole HRC05. Mineralisation appears limited to a small area under cover, so auger sampling is planned next. Iron results were also reported.