Past year: ▼ 66%(6.70c – 19.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
5 May 2020drilling scheduled● Neutral
Work program for 2020/2021: up to 1,000m of RAB/Aircore at Canegrass (A$152,000 budget covers the drilling) and up to 1,000m at Holey Dam, starting once WA travel eases. Halls Creek Phase 1 (A$82,000) and Phase 2 (A$104,000) are pushed to Q2 2021. Funded by Yitai facility.
24 Apr 2020listing compliance notice▼ BadMajor
ASX has formed the opinion under Listing Rule 12.1 that Kaili's operations are not sufficient to justify continued listing. It has until 23 October 2020 to show compliance or face possible suspension. Kaili points to a planned field program funded by Yitai.
31 Mar 2020annual report● Neutral
2019 annual report. The chairman says the Pilbara iron ground is dropped after poor results, Maryvale coal is being reassessed given local community resistance with a decision in 2020, and Yilgarn gold and Halls Creek work is planned. Financial figures were not in the text provided.
31 Mar 2020other● Neutral
Appendix 4G and corporate governance statement lodged with the annual report, dated 31 March 2020. Compliance form only, with no new substance.
5 Feb 2020other● NeutralMajor
Replying to an ASX query on its Dec 2019 quarter cash (A$250k, A$303k operating outflow), Kaili says it will keep burning cash. Parent-linked Yitai Group (Hongkong) undertook up to A$2.5m interest-free, unsecured support to 1 April 2021; A$600k expected within days.
30 Jan 2020quarterly activities report▼ BadMajor
December 2019 quarter: the company will relinquish its three Pilbara iron tenements, citing community access difficulties and disappointing sampling and mapping results. RAB follow-up drilling at Canegrass and Holey Dam is being planned; Halls Creek fieldwork is still set for the first half of 2020.
17 Sept 2019drilling result● Neutral
Follow-up filing giving hole-by-hole data for the Gindalbie vacuum drilling, as required under the listing rules. It adds tables of hole locations to the 12 September results and no new conclusions.
12 Sept 2019half year report● Neutral
Half-year report to 30 June 2019. The operations section restates the vacuum drilling (120 holes done, results awaited) and iron and Halls Creek plans slipping to the September quarter. Financial statements were not in the text provided, so cash and loss are unknown.
12 Sept 2019drilling result● Neutral
Vacuum drilling finished 15 August: 387 holes, 1,516m. Results are only weak gold anomalies, 10-25 ppb at Canegrass plus a 0.248 ppm quartz float sample at Holey Dam. Several areas are flagged for deeper drilling; no ore-grade intercepts reported.
12 Aug 2019director officer appointment● Neutral
Long Zhao, already company secretary since 2016, is appointed an executive director, bringing the board to five. The text describes him as having property investment and development experience.
8 Aug 2019admin correction● Neutral
Company replaced its 31 July June-quarter report with a revised version adding descriptions in the Queensland Maryvale coal section. The exploration content shown is otherwise the same as the original.
21 June 2019drilling spud● Neutral
Drilling began 20 June 2019 at Canegrass and Holey Dam, part of the Gindalbie Gold Project. Up to 397 shallow vacuum holes (maximum 12m) are planned. This is the first drilling since the weak Jungle Hill results of 2018; the heritage survey is complete.
2 Apr 2019other● Neutral
Corporate governance statement of 28 March 2019, re-lodged on 2 April. It states there is no nomination committee, the board has 4 members, and written director agreements are still in process after the November 2018 board change. Compliance document only; repeats the earlier filing.
2 Apr 2019admin correction● Neutral
Corrected Appendix 4G re-lodged, fixing the governance statement date from 28 March 2018 to 28 March 2019. Administrative correction with no new substance.
29 Mar 2019admin correction● Neutral
Replacement page 20 of the annual report, correcting the name of the last director in the directors' meetings table. Administrative only; the page also shows director pay table.
28 Mar 2019other● Neutral
Corporate governance statement of 28 March 2019 setting out compliance with ASX recommendations. It states there is no nomination committee and that written director agreements are still in process after the November 2018 board change. Compliance document only.
28 Mar 2019annual report● Neutral
2018 annual report: Yitai's control rose to 51.38% after the December underwriting, and A$1.769m was raised. Operations restate Jungle Hill drilling, four Halls Creek tenements granted and Maryvale's 97Mt inferred resource. Financial statements not in the text provided.
28 Mar 2019admin correction● Neutral
Appendix 4G governance checklist lodged with the annual report for the year ended 31 December 2018. Administrative form; the statement date is mistyped as 2018 and corrected in a later filing.
4 Feb 2019admin correction● Neutral
Company replaced its December 2018 quarterly report with a revised version. Changes are clarifications: referencing the 16 November Jungle Hill release, noting the Maryvale resource (first reported 6 February 2017) is not updated, and removing the expectation of expanding the resource.
20 Dec 2018capital raising announcement● NeutralMajor
Entitlement offer closed with only 10.17m of 49.13m new shares (about A$366k) taken up by shareholders. Underwriter Treasure Unicorn must take the 38.96m shortfall shares (A$1.403m), so the full A$1.769m is raised and Yitai's stake rises.
5 Dec 2018capital raising announcement● Neutral
Offer document and personalised acceptance forms were sent to eligible shareholders; the entitlement offer opens today and closes 17 December 2018. Administrative notice with no new information.
28 Nov 2018capital raising announcement● Neutral
Letter to eligible shareholders restating the 1-for-2 offer at A$0.036 (about A$1.769m, roughly 49.13m new shares), underwritten by Treasure Unicorn. Shares would total about 147.4m after the offer. Entitlements cannot be traded. No new information.
28 Nov 2018capital raising announcement● Neutral
Letter telling shareholders with addresses outside Australia and New Zealand they are ineligible for the A$0.036 entitlement offer. Their entitlements go into the shortfall taken by the underwriter, Treasure Unicorn. Administrative notice.
27 Nov 2018capital raising announcement● NeutralMajor
Launched a fully underwritten 1-for-2 entitlement offer at A$0.036 per share to raise about A$1.769m, underwritten by Treasure Unicorn, controlled by largest shareholder Yitai (37.42%). Funds go to exploration, debt repayment and working capital.
27 Nov 2018capital raising announcement● Neutral
Formal offer document for the 1-for-2 non-renounceable entitlement offer at A$0.036 per share, raising up to about A$1,768,804. Offer opens 5 December and closes 17 December 2018. Details already announced on 27 November; this adds the timetable and terms.
16 Nov 2018drilling result▼ BadMajor
Jungle Hill RC results were weak: best gold was 4m at 0.729ppm, and the banded iron zone was narrow and low grade (about 18% Fe at depth). Minor copper and zinc intercepts. Further analysis of selected intervals is planned.
9 Nov 2018director officer appointment● NeutralMajor
Three Yitai Group-linked directors were appointed, with Donghai Zhang as Chairman. Yitai's Inner Mongolia Yitai Investment holds 37.42% of the company. Kaiyuan Yang and Yutian Bai resigned; Jianzhong Yang stays on the board, no longer chairman. Signals a change of control of the board.
6 Nov 2018director officer appointment● Neutral
Robert Lees resigned as joint company secretary; Long Zhao continues as sole company secretary. Administrative only.
30 Oct 2018quarterly activities report▼ BadMajor
September 2018 quarter cash fell to A$355k from A$635k, with A$280k operating outflow. The largest shareholder undertook to provide up to A$1m, and a A$500k loan was received on 29 October 2018. Next quarter's outflow estimated at A$260k.
3 Oct 2018drilling progress report▲ GoodMajor
Drilling at Jungle Hill finished: 17 RC holes for 2,023m, begun 12 September 2018, with results to follow. Separately, the four Halls Creek cobalt/nickel/copper licences were granted for 5 years from 31 August 2018, resolving the native title wait.
