Each one in plain English, with the numbers worked through for a shareholder.
7 Feb 2022drilling spud▲ GoodMajor
RC drilling began 7 February 2022 at Canegrass: seven holes for 630 m, testing the area where the 2020 Aircore hole hit 1 m @ 3.96 g/t gold. Goldfields Drilling is the contractor. This ends the driller delays that had pushed the program from 2021.
December 2021 quarter: a 630 m, seven-hole RC drilling program at Canegrass is set for early February 2022, with a driller now secured. Halls Creek follow-up is planned for Q2 2022 and Gidyea planning has begun. Jungle Hill reported relinquished 21 Oct 2021, Eight Mile relinquishment lodged.
AGM chairman's address: Halls Creek work was done in Q2 2021 with more planned in Q2 2022. Two drillers have pushed the Canegrass 400 m program to January 2022. Gidyea was granted; Kovac awaited. The parent continues interest-free loans.
AGM presentation repeating known facts: 147.4m shares, last sale A$0.031 (market capitalisation A$4.57m), Yitai parent holding 51.38%. Lists Gindalbie, Halls Creek and Tennant Creek projects, all 100% held. No new results.
September 2021 quarter: Gidyea was granted for six years to September 2027. A 400 m RC assessment at Canegrass awaits a driller, within a 2,000 m approved program. Three licences renewed to 2026; an objection to Jungle Hill renewal goes to a Warden's hearing on 12 January 2022.
Halls Creek rock samples, mainly from Black and Glidden, returned gold to 2.78 g/t, zinc to 12.6%, lead to 9.93%, copper to 0.82% and silver to 171 g/t. Soils were not significantly elevated. Further field work and drilling are planned for Q2 2022.
Half-year report to 30 June 2021 largely restates operations: Halls Creek sampling done, Gidyea grant intended, Kovacs pending, and Gindalbie RC drilling now planned for the December 2021 quarter. Financial figures are not in the text provided.
The Northern Territory government advised it intends to grant the Gidyea licence (ELA 32665) over the full application area near Tennant Creek. This advances the February 2021 application; the Kovacs application is still pending.
June 2021 quarter: Halls Creek sampling is done, with results awaited. Gindalbie RC drilling is now pushed to the September quarter. Tenement renewals were lodged for four Gindalbie licences and Gindalbie Dam relinquishment sought. Work programs lodged for the Tennant Creek applications.
Halls Creek field work finished 1 July 2021, with 454 soil and 35 rock samples collected across the four tenements. Lab results are expected in up to 4 weeks. Follow-up will likely need helicopter support.
Halls Creek field exploration was to start 19 June 2021, subject to any COVID restrictions. It will go by vehicle and foot as no helicopter was available. This ends the 2020 deferral of work on the four 100%-held tenements.
March 2021 quarter: the WA regulator approved the RC drilling at Holey Dam and Canegrass, following up the September 2020 Aircore results. Halls Creek surface work is planned for Q2 2021, and the two Tennant Creek applications cover about 531 km2.
2020 annual report. The chairman calls the Aircore results at Holey Dam and Canegrass encouraging and plans deeper follow-up drilling in 2021. Halls Creek work is deferred to 2021 and two Tennant Creek licence applications are noted. Yitai support continues; financials not in the text provided.
Appendix 4G corporate governance checklist lodged with the 2020 annual report, pointing to the governance statement on the company website. Administrative only; no new operational or financial information.
Application lodged with WA regulator DMIRS to drill 20 RC holes at Holey Dam Area E and Canegrass Area F. A driller will be engaged once approval is received. Continues the follow-up to the September 2020 Aircore results.
Kaili Gold applied for two exploration licences near Tennant Creek, Northern Territory (Gidyea and Kovacs). They are applications only, not yet granted, and mark the company's first move beyond Western Australia in this record.
December 2020 quarter: Aircore results received, best 1 m at 3.96 ppm gold, with RC follow-up planned. Halls Creek is still blocked. A new Tennant Creek area in the Northern Territory is being researched, and the Queensland gold venture was not pursued.
AGM presentation repeating known facts: 147.4m shares, last sale A$0.026, market capitalisation A$3.83m, Yitai parent 51.38%. Restates the Aircore results and RC follow-up planned for Q1/Q2 2021.
AGM chairman's address: COVID delayed all projects by 6 to 12 months. Follow-up Gindalbie drilling is planned from early 2021 and Halls Creek work from April 2021. The chairman credits parent financial support for funding the programs.
Follow-up drilling at Holey Dam Area E and Canegrass Area F is now planned for Q2 2021, pending a heritage survey and WA regulator approval. Halls Creek field work is planned for the 2021 season after having no field work in 2020.
Aircore assays are in, after lab delays. Best results: 1 m at 3.96 ppm gold at Canegrass (in a 4 m at 0.16 ppm interval) and 4 m at 0.42 ppm at Holey Dam. RC follow-up is planned for Q1 2021 at both. Modest but mixed results for the weak 2019 anomalies.
September 2020 quarter: the 50-hole, 1,866 m Aircore program was completed, with lab results due late October/early November. Halls Creek field work was fully blocked by COVID restrictions. A Queensland gold venture was considered but border restrictions made assessment impractical.
The Aircore program finished on 20 September 2020: 50 holes, 1,866 m, average depth 37 m, across Canegrass and Holey Dam. Assays are expected in 2 to 3 weeks and further drilling will be decided after them.
Holey Dam's 25 holes (1,000 m) are finished and the first of 25 planned Canegrass holes has started. This continues the Aircore program that began 15 September 2020; no assay results yet.
Drilling began at Canegrass and Holey Dam: a 50-hole, 2,000m RAB/Aircore program, 25 holes each, run by BMGS with Raglan Drilling. It tests the weak 2019 gold anomalies and follows delays, ahead of ASX's 23 October 2020 deadline.
Half-year report to 30 June 2020. The operations section repeats the pegging, heritage clearance and September drilling plan, and the Halls Creek delay. Financial statements were not in the text provided, so cash and loss are unknown.
June 2020 quarter: 50 drill collars pegged and heritage cleared, but drilling slips from August to September 2020 because of rig availability. Halls Creek stays blocked by Kimberley access restrictions and the wet season. Cash figure not in the text provided.
Pegging of 50 Aircore holes is complete and a 24 June heritage survey found no cultural issues. The Program of Works is still being prepared, with drilling now targeted for the first half of August 2020.