22 Dec 2006investor presentation● Neutral
Broker presentation on Punt Hill repeating known results. Calls the 25km x 8km Groundhog Gravity Trend the main zone of interest; next is the Marmot hole. No new data.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
19 Dec 2006drilling result▲ GoodMajor
Woodchuck partial assays beat the first hole: 70m @ 0.41% copper from 683m, including 28m @ 0.82% Cu, plus 18m @ 0.42% rare earths. Lower section assays and Groundhog results are still awaited.
13 Dec 2006drilling result● Neutral
Seventh Punt Hill hole, Whistlepig 2, found about 227m of iron-oxide alteration from 664m, confirming continuity over at least 700m, but only minor copper sulphides at the bottom. Drilling pauses until 8 January 2007; Woodchuck assays due soon.
11 Dec 2006security holder rights change● Neutral
Notice to existing optionholders: they miss out on the free bonus options unless they exercise and hold shares before the 29 December 2006 record date. Terms unchanged.
11 Dec 2006security holder rights change● Neutral
Prospectus for the free bonus options lodged with ASIC. Up to about 9.8 million options at $1.20, expiring 31 December 2007. Exercise funds would go to exploration and to seeking proven or producing assets. Only Australian and NZ holders eligible.
5 Dec 2006security holder rights change● Neutral
Record date for the free bonus options (1 for 5, $1.20 exercise, expiring 31 December 2007) moves one day earlier to 29 December 2006. Quotation targeted for 30 June 2007. Still subject to prospectus and ASX approval.
1 Dec 2006investor presentation● Neutral
Geologist's Punt Hill presentation repeats known geology and results. Next steps listed: second Whistlepig hole, Prairie Dog and Marmot holes, and infill drilling on the Groundhog Gravity Trend. Airborne magnetics survey complete. No new results.
29 Nov 2006investor presentation● Neutral
MD's AGM presentation recaps the year: 6,500 gravity points, Bonaventura zinc (best 16m @ 3.43% Zn), and three Punt Hill holes with copper sulphides over 3.6km. Flickertail, the eighth hole, hit granite at 364m with minor alteration and stopped near 450m.
27 Nov 2006drilling result● NeutralMajor
First assays: Whistlepig hole returned 60m at 0.13% copper and 0.03 g/t gold from 788m, a low grade. Second and third hole assays await. Sixth hole, Punxsutawney Phil, confirms the second alteration system over 2.3km. Monax plans a second Whistlepig hole.
9 Nov 2006drilling result● Neutral
Fifth hole, Beauregard Lee, confirmed a second iron-oxide alteration system with intense hematite alteration and breccia, but no copper mineralisation is reported. Gravity anomalies will be remodelled to place later holes more accurately.
2 Nov 2006drilling result● Neutral
Fourth hole, Wiarton Willy, 8.7km northwest, found altered sandstone and shale with only minor disseminated chalcopyrite to 846m. Monax says it shows a second alteration system, but no strong copper sulphides like earlier holes.
31 Oct 2006other● Neutral
Havilah Resources, not Monax, notes it holds a 10% stake in Monax and neighbouring EL 2979, where Red Metal is earning 70% by spending $1m. Comments on Monax's Punt Hill copper sulphides awaiting assays. Third-party release.
23 Oct 2006drilling result▲ GoodMajor
Third Punt Hill hole, Groundhog, found visible bornite and chalcopyrite from 817m to 960m, with basement at 714m. Three holes along 3.6km now show copper sulphides; assays still pending. Rig moves to Wiarton Willy.
13 Oct 2006drilling progress report● Neutral
Woodchuck finished at 975m. Below about 790m the hole passed from mineralised breccia into altered shales and carbonates with visible pyrite and chalcopyrite. Rig has moved to the Groundhog target.
10 Oct 2006drilling result▲ GoodMajor
Woodchuck, the second Punt Hill hole, found visible bornite and chalcopyrite from 620m to 786m, with basement at 589m, 132m shallower than Whistlepig. Second target with copper sulphides; assays pending. Groundhog is next.
5 Oct 2006drilling progress report▲ Good
Whistlepig hole stopped at 966m, the rig's capacity, still in mineralised hematite breccia with visible bornite and chalcopyrite from 751m. Samples going for assay. Second hole, Woodchuck, started and is at 300m.
29 Sept 2006annual report● Neutral
Annual financial report for year to 30 June 2006, with directors' report and board details. Provided text is truncated, so no financial figures can be stated here.
29 Sept 2006drilling result▲ GoodMajor
First Punt Hill hole (Whistlepig) hit altered volcanics at 721m, then hematite breccia with visible bornite and chalcopyrite (copper minerals), still mineralised at 771m. Encouraging but visual only; assays pending. Up to 13 targets remain.
12 Sept 2006drilling spud▲ GoodMajor
Drilling has started at Punt Hill after the rig delay, expected to take 3 to 5 months with each hole 5-8 days. Eleven priority targets are listed, starting with Whistlepig at 250-500m estimated depth. Results to be released as received.
7 Sept 2006director officer appointment▲ Good
Dr Justin Gum appointed Senior Exploration Geologist, taking charge of Bonaventura on Kangaroo Island and also helping nickel exploration on Eyre Peninsula. Aeromagnetic results are expected to help design the next Bonaventura drilling. A staff hire, not a board change.
28 Aug 2006drilling scheduled● Neutral
Rig delay at Punt Hill resolved; rig now expected on site Monday 4 September 2006. That is later than the 'last week of August' given four days earlier. Monax's team is on site preparing.
24 Aug 2006drilling scheduled▼ Bad
Punt Hill drilling start slips about a week because the rig is delayed for reasons outside Monax's control. Start now expected in the last week of August 2006, pushing back the second-week-of-August timing.
24 July 2006drilling result▲ GoodMajor
Bonaventura RC drilling confirmed zinc mineralisation over 300m by 250m, with intersections such as 16m at 3.43% zinc in BVRC03. Three southern holes ended in mineralisation. Groundwater stopped holes reaching target depth, so a diamond rig will follow.
13 July 2006drilling scheduled▲ GoodMajor
Monax plans up to $2 million of drilling at Punt Hill: ten holes costing about $1 million, doubling to 20 if results are encouraging. Drilling is expected to start in the second week of August, with 14 priority targets and detailed gravity underway. Targets are expected at 250-400 metres depth.
26 June 2006drilling progress report▲ Good
Bonaventura drilling is five of nine holes in, with visible zinc and lead over 10m in BVRC03 and copper mineralisation in BVRC04 and BVRC05. The Brimpton Lake licence (EL 3561) was granted. Assay results are expected in about two weeks.
13 June 2006other● Neutral
Administrative notice that 1,500,000 and 50,000 shares will leave escrow on 27 June and 11 July 2006. No operational content.
16 May 2006drilling scheduled▲ GoodMajor
Monax secured a rig for its first Bonaventura drilling, due to start 30 May 2006: at least eight RC holes to 250 metres, about 2,200 metres total. It follows earlier soil work and Havilah's 5m at 26.9% zinc intersection three years ago.
2 May 2006other● Neutral
Administrative notice that 100,000 and 425,000 shares will leave escrow on 16 and 22 May 2006. No new information on operations.
30 Mar 2006regulatory community update▲ Good
Monax applied for two more tenements around Ambrosia, which would lift its holding there from 854 to 1346 square kilometres. It says the channel may suit rollfront uranium and has begun preliminary drill planning. Applications not yet granted.
17 Mar 2006drilling scheduled▲ Good
Soil sampling suggests the Bonaventura zinc-lead zone on Kangaroo Island may extend over 400 metres from the old Grainger Workings, and is still open. Monax is designing a drilling program, expecting shallow cover to make drilling simple.