Each one in plain English, with the numbers worked through for a shareholder.
18 Sept 2023director officer appointment▲ Good
Company will talk with parties interested in Green Bay offtake and funding, citing strong inbound interest after the acquisition news. David Southam, a former Mincor managing director, is appointed adviser. No deal is announced; talks concern the period after initial resource growth.
13 Sept 2023security holder rights change● Neutral
Small-holding sale facility completed: 6,165,122 shares from 1,030 holders sold at an average 3.0569c. This resolves the facility set up in May; proceeds are paid around 21 September 2023.
12 Sept 2023asset acquisition disposition▲ GoodMajor
Newfoundland court approved the bid to buy Green Bay (via Rambler Group) on 11 September 2023, a key step. Shareholder vote is set for 11 October, with closing expected mid-late October. Management is already on site to prepare drilling.
8 Sept 2023capital raising announcement● Neutral
Letter telling eligible shareholders the share purchase plan is open, at the same 2.5c price as the placement, for up to A$3M. It closes 19 October 2023. Repeats the prospectus terms already released, with no new information.
7 Sept 2023capital raising announcement● Neutral
Prospectus for an up to A$3M share purchase plan at 2.5c (120M shares), a matching 120M-share shortfall offer, and 600M shares at a deemed 2.5c for the Rambler acquisition. Offers close 19 October 2023.
4 Sept 2023listing compliance notice● Neutral
ASX notice that the suspension will lift once the acquisition and capital raising announcement is released. Resolves the suspension that began 14 August.
4 Sept 2023capital raising announcement▲ GoodMajor
Firm commitments for a fully underwritten A$55M placement at 2.5c, plus up to A$3M from a share purchase plan, to fund Green Bay. Tranche 1 is A$8.7M; tranche 2 (A$46.3M) needs shareholder approval. Directors subscribe A$4.015M. Funds also support 40,000m of drilling.
31 Aug 2023investor presentation● Neutral
Investor presentation for the Green Bay copper-gold acquisition, repeating the deal terms and the plan to grow the resource. It accompanies the acquisition announcement of the same day.
31 Aug 2023asset acquisition disposition▲ GoodMajor
Agrees to buy the Green Bay copper-gold project in Newfoundland for about A$65M: A$35M cash and A$15M shares upfront, A$7.5M each later within 18 months. Foreign (non-JORC) resource 39.2Mt @ 2.1% CuEq. Steve Parsons to become MD. Funded by a minimum A$50M placement.
31 Aug 2023other● Neutral
Notice of an investor teleconference and webcast at 9am AWST on 31 August 2023 on the Green Bay acquisition. Administrative, with no new information.
28 Aug 2023listing compliance notice● Neutral
Company asked for its voluntary suspension to be extended to 4 September 2023, still pending the acquisition and capital raising announcement. This pushes back the earlier 28 August target date.
14 Aug 2023listing compliance notice● Neutral
Shares suspended at the company's request from 14 August 2023, pending an announcement of a material acquisition and associated capital raising. The company expected to announce before 28 August.
9 Aug 2023drilling result▲ GoodMajor
First-pass rock chip sampling at the Sioux Lookout property in Ontario returned up to 73.6g/t gold and 15.1g/t, along the same trend as Treasury Metals' 2.9Moz Goliath project. Follow-up results are pending; early-stage, no drilling yet.
31 July 2023quarterly activities report● Neutral
June quarter: restates the 2.8Moz @ 7.2g/t resource (+24%), with over 1Moz in the top 250m. Summer regional mapping is under way and open-pit modelling continues. Cash was A$6.3M at 30 June, down from A$10.4M in March.
13 June 2023investor presentation● Neutral
New corporate presentation with an interactive 3D model of Pickle Crow, stressing near-surface mineralisation outside the 2.8Moz resource and scope for an open-cut operation. No new resource or drilling results are stated.
31 May 2023security holder rights change● Neutral
Sale facility set up for 1,384 holders of parcels worth under A$500 (8.62M shares, 0.37% of shares), at a A$0.031 price. Holders need do nothing to sell, or must return a retention form by 24 July 2023. Company says it cuts admin costs.
4 May 2023resource reserve update▲ GoodMajor
Pickle Crow Inferred resource rises 530,000oz to 2.8Moz @ 7.2g/t, up 24% from the 2.23Moz of February 2022. It includes a first 133koz from satellite deposits and over 1Moz in the top 250m, supporting open-pit investigation.
2 May 2023listing compliance notice● Neutral
Trading suspension lifted from 2 May 2023 after Auteco lodged its quarterly activities and cash flow report. Resolves the one-day suspension.
1 May 2023quarterly activities report● Neutral
Appendix 5B for March quarter: cash A$10.4M at 31 March, up from A$5.4M, helped by A$9M placement proceeds. Operating outflow was A$845k and exploration spending A$3.2M. The company reported about 2.6 quarters of funding at current spending.
1 May 2023listing compliance notice▼ Bad
ASX suspended trading in Auteco from 1 May 2023 for not lodging its periodic report by the due date. It was a short-lived lapse, lifted the next day once the report was filed.
28 Apr 2023director officer appointment● NeutralMajor
Ray Shorrocks moves from Executive Chairman to Non-Executive Chairman from 1 May 2023. A resource update and further winter assays are still pending, with a regional program to start.
28 Apr 2023quarterly activities report▲ Good
March quarter: the 50,000m drill campaign finished, with 10,786m drilled in the quarter. The ~A$9M placement lifted cash to A$10.4M at 31 March. A resource update and a summer regional program are still to come.
15 Mar 2023other● Neutral
New Securities Trading Policy adopted by the board from 15 March 2023, covering insider trading rules and blackout periods. A governance document with no operational or financial news.
14 Mar 2023half year report● Neutral
Half-year report to 31 December 2022: 18,888m of diamond drilling at Pickle Crow, with the dual near-mine and regional strategy continuing. The visible text restates earlier operational results; financial figures were not in the readable excerpt.
15 Feb 2023investor presentation● Neutral
CEO Darren Cooke's presentation at the RIU Explorers Conference on 15 February 2023, restating the 2.2Moz @ 7.8g/t resource. It states no new information beyond earlier announcements.
2 Feb 2023capital raising announcement● NeutralMajor
Firm commitments for a ~A$9M placement of 180 million shares at 5c, a 12.3% discount to the last price of 5.7c. Funds go to winter regional exploration and resource step-out drilling, following December cash of A$5.4M. Lead manager Canaccord Genuity.
What it means for a shareholder
180m new shares at $0.050 to raise about $9.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
2 Feb 2023investor presentation● Neutral
Corporate presentation dated 2 February 2023 accompanying the placement, restating the 2.2Moz @ 7.8g/t Inferred resource. It states it contains no new information or data.
31 Jan 2023quarterly activities report● Neutral
December quarter: 7,572m drilled under the 50,000m Pickle Crow program, with Tyson and new iron-formation results restated. Cash fell to A$5.4M from A$11M at September. Winter regional drilling began with two rigs.
24 Jan 2023drilling result▲ Good
Tyson step-outs returned 2.7m @ 16.1g/t and 2.3m @ 16.4g/t, about 70m along strike from an earlier 7.8m @ 16.7g/t hit. A new bulk-mineable iron formation zone gave 11.9m @ 3.5g/t. Winter regional drilling has started, with first assays expected by end of March quarter.
15 Dec 2022director officer appointment▲ Good
Kevin Tomlinson, chair of Bellevue Gold and former chair of Cardinal Resources, joins as non-executive director from 15 December 2022. Subject to shareholder approval he gets 6 million performance rights vesting over 36 months.
