31 Oct 2023agm notice● Neutral
Administrative notice: the AGM is set for 8 December 2023, with director nominations closing 7 November 2023. No other substance.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
12 Oct 2023drilling result● NeutralMajor
RC assays from the August drilling: Holey Dam gave rare earth oxide intersections up to 757 ppm over 1 m, and 12 m @ 477 ppm. Canegrass gave gold to 0.57 g/t and a 4 m zinc-sulphur zone. No new high-grade gold; adds rare earth and zinc potential.
13 Sept 2023half year report● Neutral
Half-year report to 30 June 2023, mostly restating operations: soil sampling, RC drilling completed July/August, Halls Creek still awaiting 3 of 4 work programs, and Tennant Creek costs under review. Lameroo historic hole samples gave no significant reportable rare earth results. Financials not seen in the text provided.
3 Aug 2023drilling progress report● Neutral
The RC program at Canegrass and Holey Dam was completed, totalling 1,148 m across nine holes against 1,170 m planned. Laboratory results are to be announced when received, so no assays yet.
28 July 2023quarterly activities report● Neutral
June 2023 quarter: soil results were received and drilling began in July, delayed by rig unavailability. No Halls Creek field work was possible this dry season except on E80/5112, due to no Native Title responses. 11 Lameroo drill holes were scanned and 21 samples are at the lab.
10 July 2023drilling spud● NeutralMajor
A 1,170 m RC drill program started 10 July 2023 at Canegrass and Holey Dam, testing IP targets CGIP 1, 2 and 4 plus two Holey Dam holes. This is the follow-up drilling long planned since the 2022 IP survey, slipping from the May timing given in the soil results.
3 May 2023drilling result▲ Good
183 soil samples at Canegrass showed a gold-in-soil trend to 11.9 ppb at CGIP 1, open to the north, and elevated rare earths at CGIP 4. A 1,100 m RC drill program is planned for end of May, including two Holey Dam holes.
27 Apr 2023quarterly activities report● Neutral
March 2023 quarter: Canegrass rock sampling gave gold to 0.6 g/t, with soil results awaited and drilling planned. Halls Creek is still awaiting Native Title responses; Gidyea access is being progressed. Lameroo rare earth drill sites were identified. Cash figures not seen in the text provided.
20 Apr 2023regulatory community update● Neutral
A preliminary drill site inspection at the 991 km2 Lameroo rare earth licence in South Australia identified 234 aircore drill sites. Six granite samples went to the lab and historic drill samples will be scanned. It follows the October 2022 grant; no drilling yet.
5 Apr 2023drilling result▲ Good
Rock sampling at Canegrass returned gold up to 0.6 g/t at the top-priority target CGIP 1, which is open to the north. Soil results were still awaited; drill testing is now planned for Q2 2023, earlier than the Q3 2023 timing in the annual report.
30 Mar 2023annual report● Neutral
2022 annual report: Canegrass RC and IP work recap, with more drilling planned and significant effort on rare earths in 2023. Halls Creek is called challenging and the Northern Territory licence is under review. Yitai's interest-free loan facility now runs to April 2024, extended from April 2023.
30 Mar 2023annual report● Neutral
Appendix 4G governance checklist lodged with the 2022 annual report, pointing to the governance statement on the company website. Administrative only; no new operational or financial information.
8 Mar 2023drilling progress report● Neutral
Soil and regolith survey at the four Canegrass IP targets was completed in 6 days: 173 soil samples and 27 rock samples are with the lab. Drill testing remains planned for Q3 2023, guided by these results.
27 Feb 2023drilling scheduled● Neutral
Soil sampling and regolith mapping began 27 February 2023 over four IP targets at Canegrass Prospect F. Drill testing is now planned for Q3 2023, later than the Q1/Q2 2023 timing in the January quarterly.
30 Jan 2023quarterly activities report● Neutral
December 2022 quarter: restates the IP results. Field traverses are done and RC drilling is planned for Q1/Q2 2023. Halls Creek programs are being planned with the Kimberley Land Council, and a Gidyea authority certificate is lodged. Lameroo REE licence granted for 6 years.
22 Dec 2022investor presentation● Neutral
AGM presentation largely repeats known facts: the Canegrass RC and IP results and the project portfolio. It lists 147.4m shares, a last sale of $0.013 and a market cap of $1.92m, down from $0.031 and $4.57m in December 2021.
22 Dec 2022agm notice● Neutral
AGM chairman's address: the IP survey results justify a 2023 Canegrass drilling program, and the two Yilgarn licences were renewed for 5 years. Halls Creek programs await Traditional Owner inspection; Kovacs is still awaited; Lameroo REE exploration is planned for 2023/24. Parent support continues.
9 Dec 2022drilling result▲ GoodMajor
The Canegrass IP survey finished, finding a significant chargeable anomaly along strike from the 2022 RC drilling plus a weak one 100 m south. The company says further RC drilling is warranted in 2023, which resolves the Q4 2022 IP step.
18 Nov 2022agm notice● Neutral
Administrative notice: the AGM is set for 22 December 2022, with director nominations closing 25 November 2022. No other substance.
15 Nov 2022drilling progress report● Neutral
The Canegrass IP survey, delayed from the September quarter, started 15 November 2022 with Moombarriga Geoscience. It covers 7.7 line km to look for deeper targets beneath the March 2022 RC holes; further drilling depends on the results.
26 Oct 2022quarterly activities report● Neutral
September 2022 quarter: the Canegrass IP survey was deferred to mid-November 2022 because no service provider was available (7.7 line km planned). Halls Creek alteration targets (37) were mapped and work programs lodged with the Kimberley Land Council. Tennant Creek meeting held 26 October; Lameroo REE licence granted.
21 Oct 2022regulatory community update▲ GoodMajor
Exploration licence EL 6856 was granted, covering 991 km2 of the Loxton Sands in South Australia's Murray Basin, to explore for rare earth elements in clays. This adds a new commodity to a gold-focused portfolio, near Australian Rare Earth's Koppamurra project.
13 Sept 2022half year report● Neutral
Half-year to 30 June 2022: Halls Creek field work is postponed to 2023 pending Kimberley Land Council heritage obligations. Gidyea exploration is targeted for April 2023, and a rare earths licence application in South Australia was lodged in August 2022. Canegrass IP survey is planned for late 2022.
29 July 2022quarterly activities report● Neutral
June 2022 quarter: Canegrass resampling adds a 1 m @ 3.99 g/t gold result, and an IP survey is planned for Q4 2022 with follow-up RC drilling pencilled for Q1 2023. Halls Creek field work is delayed to Q3 2022 for lack of helicopters; Gidyea and Kovacs still await.
15 June 2022regulatory community update▼ Bad
The company admits it signed a tenancy with director Long Zhao in March 2021 without the shareholder approval required under Listing Rule 10.1. It has now cancelled the lease and Zhao refunded the $65,000 of rent paid.
29 Apr 2022quarterly activities report● Neutral
March 2022 quarter: restates the Canegrass RC results (612 m drilled, best 1 m @ 1.4 g/t gold) with resampling of 4 m composites pending. Halls Creek follow-up and Gidyea reconnaissance are still at planning stage; Gidyea work depends on talks with Traditional Owners.
4 Apr 2022drilling result▲ GoodMajor
Canegrass RC results were modest but encouraging: best 3 m @ 0.6 g/t gold (including 1 m @ 1.0 g/t) and 1 m @ 1.4 g/t, with some 4 m composites to be resampled. Further drilling may be warranted after data review. This follows up the 2020 Aircore 3.96 g/t hit.
30 Mar 2022annual report● Neutral
Appendix 4G governance checklist lodged with the 2021 annual report, pointing to the governance statement on the company website. Administrative only; no new operational or financial information.
30 Mar 2022annual report● Neutral
2021 annual report restates known operations: Canegrass RC drilling done in February 2022 with results awaited, Halls Creek follow-up in Q2 2022, Gidyea granted. Chairman says Yitai provides a $2.4m interest-free unsecured loan facility plus up to $1m support until April 2023.
17 Feb 2022drilling progress report● Neutral
The seven-hole Canegrass RC program was completed; hole CGRC004 stopped at 72 m because of clay, while the others reached 90 m. 285 samples went to the lab, with results expected in 3-4 weeks.