Each one in plain English, with the numbers worked through for a shareholder.
25 Jan 2012quarterly activities report● Neutral
December 2011 quarter: cash $3m. Four Punt Hill holes done (2,561m), with deeper-penetrating induced polarisation proposed next. The Antofagasta alliance and Chile iron sands option were signed, and Percyvale was dropped. A 3,000m Waddikee drilling program is planned from late February.
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.
16 Nov 2011agm notice● Neutral
All six AGM resolutions passed, including the remuneration report, Chairman Kennedy's re-election, an employee share option plan and constitution changes. Director Dr Neville Alley retired at the close of the meeting.
16 Nov 2011agm notice● Neutral
Chairman's AGM address recaps the year: Punt Hill first Antofagasta-funded hole found 30m of hematitic breccia with anomalous copper, second hole done, two more due within four weeks. Waddikee drilling planned December. Dr Neville Alley is retiring from the board.
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.
31 Oct 2011quarterly activities report● Neutral
September 2011 quarter: cash $3.2m (down from $3.74m). Punt Hill agreement and heritage clearance done and drilling started; Waddikee IP survey completed; Melton 3m @ 1.3% Cu; Pretender Creek drilling started 10 October. Nothing materially new.
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.
29 July 2011quarterly activities report● Neutral
June 2011 quarter: cash $3.74m. Punt Hill gravity work outlined eight priority targets, with heritage clearance planned mid-August and drilling targeted for the final quarter. Waddikee HRC05 was 52m @ 21.1% Mn; Melton drilling done, results due early August.
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.
19 Apr 2011quarterly activities report● Neutral
March 2011 quarter: Punt Hill gravity survey finished in early April (~14,800 stations total), with drilling now planned for the second half of 2011 after an IP survey and heritage clearance, later than the earlier April-June plan. Waddikee drilling completed (62 holes). Cash $3.8m.
16 Mar 2011half year report● Neutral
Half-year to 31 December 2010: net loss of $340,606. Report notes the Antofagasta farm-in on Punt Hill and the two new Queensland projects. Confirms alternate directors Witton and Vickery. Nothing new beyond earlier announcements.
16 Mar 2011drilling spud● Neutral
Marmota, Monax's 50:50 Melton partner, began Phase 2 drilling: five holes over about nine weeks at the Miranda copper target. Phase 1 reached up to 0.49% Cu. This is the 2011 Melton drilling previously flagged.
