Each one in plain English, with the numbers worked through for a shareholder.
29 Nov 2022investor presentation● Neutral
Notice of CEO Darren Cooke presenting at Resources Rising Stars conferences in Sydney (29 Nov) and Melbourne (1 Dec), with the presentation attached. It restates the 2.23Moz @ 7.8g/t resource with no new information.
22 Nov 2022drilling result▲ GoodMajor
Tyson step-out hole hit 0.4m @ 1,020g/t gold, the company's highest-grade intersection so far, about 200m below earlier drilling. Tyson is expected to enter the resource for the first time in the March quarter 2023 update. Cash was A$11M at 30 September.
21 Nov 2022admin correction● Neutral
Registered address and principal place of business changed to Level 2, 8 Richardson Street, West Perth. Phone number unchanged. Administrative only.
18 Nov 2022material agreement▲ GoodMajor
Exploration Agreement signed with the Mishkeegogamang Ojibway First Nation, replacing a 2009 MOU and covering all claims in its territory, including regional winter targets. It frames future talks if the project goes to production. 5 million shares issued for nil cash.
18 Nov 2022agm notice● Neutral
All eight AGM resolutions carried on a poll. The 10% placement facility drew about 13.8% against, and the constitution replacement about 19.3% against. The remuneration report passed with about 1.6% against, down from about 24% last year.
18 Nov 2022other● Neutral
New company constitution lodged after shareholders approved its replacement at the AGM. It is a legal document prepared by Hamilton Locke; no operational or financial news.
27 Oct 2022quarterly activities report● Neutral
September quarter: 11,316m drilled under the 50,000m program, and cash fell to A$11M from A$17.4M cash and receivables at June. Metcalf sampling to 569g/t restated; winter regional drilling planned toward the end of next quarter.
20 Oct 2022investor presentation● Neutral
South-West Connect presentation by CEO Darren Cooke on 20 October 2022, restating the 2.23Moz @ 7.8g/t resource. It states no new information beyond earlier announcements.
17 Oct 2022agm notice● Neutral
Cover letter to shareholders for the 18 November 2022 AGM in West Perth, with proxies due 16 November. Administrative only; no new substance.
11 Oct 2022drilling result▲ GoodMajor
Rock-chip sampling at the Metcalf prospect, ~6km from the 2.23Moz resource, returned up to 569g/t gold. Near-mine drill hits include 0.4m @ 91.0g/t. Drilling at regional targets starts this quarter; a resource update is set for early 2023.
30 Sept 2022annual report● Neutral
2022 Annual Report restates the 2.23Moz @ 7.8g/t Pickle Crow resource (up 30% in six months), the A$20M February placement and the new management team. It says the next resource update is due in the new calendar year; financial statements are not in the readable text.
30 Sept 2022other● Neutral
Annual Corporate Governance Statement and Appendix 4G, a compliance filing on how the company follows ASX governance recommendations. It carries no operational or financial news.
20 Sept 2022agm notice● Neutral
Administrative notice: the AGM is set for 18 November 2022, with director nominations closing 30 September 2022. No other substance.
13 Sept 2022investor presentation● Neutral
Beaver Creek Summit presentation by CEO Darren Cooke on 13 September 2022, restating the 2.23Moz @ 7.8g/t resource. It states no new information beyond earlier announcements.
10 Aug 2022director officer appointment● Neutral
Maddison Cramer, formerly Joint Company Secretary at Bellevue Gold, becomes Joint Company Secretary alongside CFO William Nguyen. Michael Naylor resigns as company secretary but stays as a non-executive director.
28 July 2022quarterly activities report▲ Good
June quarter: 20,583m drilled, with Talia, Cohen MacArthur and Swamp named as three new zones of mineralisation outside the 2.23Moz resource. Cash and receivables were A$17.4M, down from A$24.5M cash in March; assays for 15 holes are due in the September quarter.
23 June 2022drilling result▲ GoodMajor
Talia, a previously undrilled banded iron formation 1km from the resource, returned a discovery hole of 5.5m @ 18.0g/t gold from 44.9m. It is shallow and open in all directions; the 50,000m program is now expected to finish in early 2023.
9 June 2022investor presentation● Neutral
Revised version of the Canaccord conference presentation from May, re-lodged with additional exploration-results referencing in the disclaimers. It restates the 2.23Moz @ 7.8g/t resource; no new substance visible in the readable text.
6 June 2022director officer appointment▲ GoodMajor
Darren Cooke moves from COO to CEO, and William Nguyen (ex-Regis Resources) becomes CFO and Joint Company Secretary from 13 June, filling the gap left by Nicholas Katris. A VP Environment & Community and a Group Chief Geologist are also hired.
16 May 2022investor presentation● Neutral
Canaccord Global Metals & Mining Conference presentation (15-17 May 2022) restating the 2.23Moz @ 7.8g/t resource. It states no new information or data beyond the February resource announcement.
3 May 2022drilling result▲ Good
Regional drilling found gold outside the 2.23Moz resource, including 2.1m @ 92.0g/t at Cohen-MacArthur, and Tyson/Shaft 3 returned 7.8m @ 17.0g/t. Four rigs are drilling the new 50,000m program; cash was A$24.5M at 31 March.
2 May 2022director officer appointment● Neutral
CFO and Company Secretary Nicholas Katris left with immediate effect. Director Michael Naylor is interim Company Secretary while a replacement search runs. No reason is given.
27 Apr 2022quarterly activities report▲ Good
March quarter: the 50,000m program was completed and a further 50,000m is planned for April–December 2022. Cash rose to A$24.5M after the February A$20M raising; new results from the quarter's drilling are described as imminent.
14 Mar 2022half year report● Neutral
Half-year report to 31 December 2021 restates the 2.23Moz resource and the A$17.58/oz discovery cost, with about 42,000m of the 50,000m program drilled. Financial detail is not in the readable text; largely repeats known facts.
4 Mar 2022other▼ Bad
S&P index rebalance notice, not issued by the company. Auteco is listed among removals from the All Ordinaries effective 21 March 2022. For shareholders this may mean index-driven selling (inference).
2 Mar 2022investor presentation● Neutral
BMO Global Mining & Metals Conference presentation (28 Feb–2 Mar 2022) by Ray Shorrocks and Darren Cooke, restating the 2.23Moz @ 7.8 g/t resource. States no new information.
21 Feb 2022capital raising announcement● NeutralMajor
Firm commitments for a A$20M placement of 250M shares at 8c, a 4.8% discount to the last close, to fund further Pickle Crow drilling. Directors also sell about 52.5M shares (~A$4.2M), their first sales, partly to fund option exercises.
What it means for a shareholder
250m new shares at $0.080 to raise about $20.0m. 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.
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.
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.
