15 Feb 2022investor presentation● Neutral
RIU Explorers Conference presentation by COO Darren Cooke, 15 February 2022, restating the new 2.23Moz resource at 7.8 g/t. States no new information beyond the resource announcement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Feb 2022resource reserve update▲ GoodMajor
Pickle Crow Inferred resource rises 514,000oz (+30%) to 2.23Moz @ 7.8 g/t, from 1.7Moz six months earlier. Quartz veins are 1.92Moz @ 9.3 g/t; banded iron is 304,000oz @ 3.8 g/t. Fulfils the expected February update.
1 Feb 2022other● Neutral
Amended Appendix 5B for the December quarter, apparently correcting the earlier filing. It shows cash of A$10.54M at quarter end, with about 1.95 quarters of funding at current spending. No new operational information.
18 Jan 2022drilling result▲ Good
Further Pickle Crow hits include 7.3m @ 33.3 g/t and 1.5m @ 35.2 g/t, outside the current 1.7Moz resource. 36,440m (80 holes) are drilled with five rigs; the resource update remains on track for February 2022.
2 Dec 2021drilling result▲ Good
New Pickle Crow results include 2.0m @ 68.3 g/t, plus 19.5m @ 3.3 g/t in banded iron near Shaft 1 and more Carey hits. Five rigs are drilling, 27,500m completed, and the resource update remains on track for February 2022.
11 Nov 2021investor presentation● Neutral
Noosa Mining virtual presentation by Ray Shorrocks, 11 November 2021, relying on the 1.7Moz resource of 15 July 2021. No new information in the readable text.
10 Nov 2021investor presentation● Neutral
Notice that Ray Shorrocks will present at the Noosa Mining Conference on 11 November 2021. Administrative only.
27 Oct 2021investor presentation● Neutral
South-West Connect presentation by COO Darren Cooke, 27 October 2021, relying on the 1.7Moz resource of 15 July 2021. No new information in the readable text.
26 Oct 2021investor presentation● Neutral
Notice that COO Darren Cooke will present at the Canaccord Genuity South-West Connect showcase on 27 October 2021, covering the Tyson and Carey discoveries. Administrative only.
13 Oct 2021investor presentation● Neutral
Notice that Ray Shorrocks will give an updated corporate presentation at the Resources Rising Stars/Miningnews.net conference on 15 October 2021. Administrative only.
12 Oct 2021asset acquisition disposition● NeutralMajor
Mithril announced a binding term sheet to sell its Limestone Well vanadium-titanium interest to Auteco for A$500,000, keeping a 10% free-carried interest that Auteco can buy for A$10M. This ends the 2018 farm-in, replacing the earn-in route to 80%.
12 Oct 2021investor presentation● Neutral
Corporate presentation by Ray Shorrocks at the NWR Resources Series, 12 October 2021. It states it relies on the 15 July 2021 1.7Moz resource; no new information in the readable text.
11 Oct 2021investor presentation● Neutral
Notice that Executive Chairman Ray Shorrocks will present at the NWR Resources Series virtual conference on 12 October 2021. Administrative notice only; no new company information.
5 Oct 2021drilling result▲ GoodMajor
Auteco announced a new high-grade vein system, Tyson, at Pickle Crow, with hits like 2.8m @ 17.9 g/t and 1.0m @ 30.1 g/t over ~400m strike and beyond 800m depth. It lies outside the 1.7Moz resource. Resource update now planned February 2022.
30 Sept 2021annual report▲ Good
2021 annual report calls it a pivotal year: resource up 70% to 1.7Moz, 51% Pickle Crow stake secured in May and 70% in August. Cash was over $21M at 30 June 2021. Up to six rigs are hoped for by year end, with 80% targeted by end 2021.
9 Sept 2021investor presentation● Neutral
Beaver Creek Summit virtual presentation by Ray Shorrocks, dated 10 September 2021, restating the 1.7Moz resource and prior drill results. No new information in the readable text.
2 Aug 2021investor presentation● Neutral
Diggers and Dealers presentation by COO Darren Cooke on 2 August 2021, referencing the 1.7Moz resource of 15 July. Repeats known facts; no new information in the readable text.
2 Aug 2021drilling result▲ GoodMajor
Follow-up drilling at Carey returned 9.8m @ 3.1 g/t, and a new banded-iron zone north of Shaft 3 returned 10.5m @ 3.6 g/t. Auteco also met the Stage 2 earn-in (C$5M spend) for 70% of Pickle Crow; a further 10% costs C$3M. Next resource update is planned for end 2021.
15 July 2021resource reserve update▲ GoodMajor
Pickle Crow Inferred resource rises 71% to 1.7Moz (6.6Mt at 8.1 g/t), including 1.47Moz at 10.1 g/t high-grade and a maiden 240,000oz BIF resource at 3.7 g/t. Cost was A$15.25/oz; the new 50,000m program is underway.
15 July 2021investor presentation● Neutral
Noosa Mining & Exploration conference presentation, updated to the 1.7Moz resource announced 15 July 2021. It restates known figures and drill results; no new information in the readable text.
2 July 2021investor presentation● Neutral
Corporate presentation for the MarketLit Conference on 2 July 2021 by Executive Chairman Ray Shorrocks, restating the 1Moz at 11.3 g/t Inferred resource from September 2020. No new information in the readable text.
16 June 2021drilling result▲ GoodMajor
Auteco announced the Carey discovery, with shallow intersections including 20.4m @ 5.3 g/t, suggesting possible open-pit potential. The 45,000m program is finished (166 holes, 45,522m) and the board approved a further 50,000m. Resource update is due next month; cash was $26.8M at 31 March.
7 Apr 2021drilling result▲ GoodMajor
New high-grade veins found at Shaft 3, including 0.3m @ 315.4 g/t and 1.0m @ 34.9 g/t, plus extensions to known veins. 120 holes for 31,160m are drilled. Drilling will now focus on proving continuity, and the resource update is due to be released in July 2021.
18 Mar 2021farm in farm out completion▲ GoodMajor
Auteco completed the Stage 1 earn-in spending at Pickle Crow, earning a 51% stake in PC Gold Inc. once it issues 100 million shares to First Mining, which needs shareholder approval at a meeting expected in late May 2021. This moves the earn-in towards the 80% cap.
16 Mar 2021half year report● Neutral
Half-year accounts to 31 December 2020. Recaps the 1Moz resource and about 19,000m drilled by year-end with four rigs on site. Sam Brooks is shown as resigned 30 November 2020 and Ernst & Young as auditor. Financial figures were not visible in the text provided.
12 Mar 2021other● Neutral
S&P Dow Jones index rebalance notice, not issued by the company. Auteco is listed as an addition to the All Ordinaries index effective 22 March 2021. No operational or financial news.
17 Feb 2021investor presentation● Neutral
Conference presentation for the RIU Explorers Conference on 17 February 2021, restating the 1Moz at 11.3 g/t Inferred resource and previously announced results. No new information in the readable text.
2 Feb 2021auditor change● Neutral
Ernst & Young replaced Grant Thornton as auditor from 2 February 2021, after Grant Thornton resigned with ASIC consent. The company says it tendered the audit. Shareholders will vote to confirm EY at the 2021 AGM.
28 Jan 2021asset acquisition disposition▲ GoodMajor
Auteco staked another 176 sq km along strike from Pickle Crow, lifting its tenure to 496 sq km (from about 320 sq km), and is mobilising a fourth rig. The new ground falls under the First Mining earn-in, which can include some or all of it. Resource update now due end of first half 2021.
19 Jan 2021drilling result▲ Good
Drilling outside the 1Moz resource found new shallow structures, including 5.6m @ 33.4 g/t gold. 84 holes for 19,423m drilled, with assays back for 25 holes. Three rigs are operating, and the resource update is now targeted for the June quarter 2021.