Each one in plain English, with the numbers worked through for a shareholder.
30 Oct 2017regulatory community update● Neutral
Exploration began 30 October at the Mulligan and Iron Mask cobalt projects in Ontario: mapping, rock and soil sampling, 7.3 line-km of IP and ground magnetics at Mulligan. Aims to generate drill targets; the cobalt grades quoted are historical.
20 Oct 2017drilling progress report● Neutral
Work program at Midrim is underway: metallurgical testing, re-assaying of 9 historical holes (results imminent), and EM data reprocessing. A drill program is expected to start in Q4 2017. Describes planned work, with no new results.
9 Oct 2017price query● Neutral
ASX queried a jump in the share price from $0.041 on 3 October to $0.073 on 9 October. Meteoric said it knew of no undisclosed news, pointing to higher profile since the Cobalt Canada deal, a newsletter write-up, conference presentations and a roadshow.
29 Sept 2017annual report● Neutral
Appendix 4G governance checklist lodged with the annual report for the year to 30 June 2017, stating the governance statement is current at 29 September 2017 and board-approved. Administrative filing with no new business information.
29 Sept 2017annual report● Neutral
Annual report for year to 30 June 2017 confirms shareholders approved the Cobalt Canada acquisition on 14 August 2017 and both raising tranches were completed. Issued capital stood at 461.2m shares. The financial figures are not in the text provided.
21 Sept 2017director officer appointment● Neutral
Max Nind, with 30 years of exploration experience including Western Mining's Kambalda nickel operations, was appointed Exploration Manager to run the Canadian program. Part of the post-acquisition management build-out.
7 Sept 2017director officer appointment● NeutralMajor
Shastri Ramnath, CEO of Orix Geoscience, joins as Technical Director from 1 October 2017. George Sakalidis will resign as director at the 2017 AGM but stay as consultant on Warrego, Tennant Creek and Webb JVs.
1 Sept 2017asset acquisition disposition▲ GoodMajor
Meteoric bought a geological database of over 1,000 documents for 7.2m shares and CAD$165,500. Its land in the belt now exceeds 118 km2 (as stated), covering 24 of the 36 targets. Reprocessing has begun, with first results expected within weeks.
25 Aug 2017asset acquisition disposition▲ GoodMajor
Meteoric staked 138 claims covering 82.53 km2 in the Baby segment of the Belleterre-Angliers belt, adding 13 of the 36 electromagnetic targets and capturing the whole 4km x 1km Geoffrey anomaly. Metallurgical testing has begun, with results expected within two months.
21 Aug 2017other▲ Good
Orix Geoscience's regional review of old Falconbridge reports found 36 electromagnetic targets in the Baby segment, 11 at Midrim. Only 6 have been drilled, 5 with significant intersections. Falconbridge saw prospects for several 3-5Mt deposits; this is historical opinion, not a Meteoric resource.
31 July 2017quarterly activities report● Neutral
June quarter report repeats the Cobalt Canada acquisition and due diligence results. Shares on issue were 317.3m. The 14 August meeting will vote on the deal. No new information.
24 July 2017drilling result▲ Good
Re-testing of Midrim's old drill core by XRF (portable scanner) confirmed historical grades, including 20.3m at 2.92% copper, 1.81% nickel and 2.68g/t platinum-palladium. These are historical results, not new drilling. Untested core will be assayed after the acquisition completes.
17 July 2017asset acquisition disposition▲ GoodMajor
Meteoric finished legal and technical due diligence and will proceed with buying Cobalt Canada, giving 100% of Midrim, La Force, Mulligan and Iron Mask. The Iron Mask claims were granted. An extraordinary general meeting on 14 August will vote on the deal.
6 July 2017drilling result▲ Good
Due diligence on La Force, a nickel-copper project in Quebec that comes with the Cobalt Canada deal, verified the claims and found 3,500m of stored core never assayed. Historical drilling is valued at over AU$3.5m. Adds a fourth project to the acquisition; no new assays.
26 June 2017drilling result▲ Good
Due diligence on the Mulligan and Iron Mask cobalt claims in Ontario verified the claims, located the site of an historical 8-tonne bulk sample averaging 10% cobalt, and found old drill logs with up to 0.6% cobalt. Historical results only; no new assays.
16 June 2017drilling result▲ GoodMajor
Chalice's first Parakeet hole at Warrego North returned 8m at 1.74% copper and 0.42g/t gold from 249m, a discovery on ground Meteoric farmed out. The second hole hit no visible sulphide. A 3D IP survey is planned for July 2017 to guide follow-up drilling.
15 June 2017drilling result▲ Good
Due diligence at Midrim found about 32,000m of old drill core in good condition, with randomly selected holes showing over 20m of massive to disseminated sulphide. Core is available for re-assay and an XRF program will start. No assay results given yet.
7 June 2017material agreement● Neutral
Meteoric engaged Canadian consultant Orix Geoscience to do technical due diligence on the Midrim, Iron Mask and Mulligan cobalt projects. It will also work with Exiro Minerals on claim expansion and has a first right of refusal on Canadian cobalt projects via Advantage Management.
26 May 2017capital raising announcement● Neutral
Meteoric issued 25,209,741 shares under its 7.1A capacity (9.05% dilution), taking shares to 278.48 million, alongside a further 37,990,259 under 7.1. CPS Capital fully underwrites, with 6% commission. This is the first tranche of the $0.011 raising.
26 May 2017other● Neutral
ASX notified that Meteoric's trading suspension will lift from the start of trading on 29 May 2017, following the cobalt acquisition announcement. Administrative notice only.
26 May 2017asset acquisition disposition● NeutralMajor
Meteoric will buy Cobalt Canada, which holds rights to three Canadian cobalt and polymetallic projects (Midrim, Mulligan, Iron Mask), for 60 million shares and $30,000 cash. It plans an underwritten raising of about $1.386m at $0.011 per share. Completion depends on shareholder approval and due diligence.
22 May 2017other● Neutral
Meteoric's shares were suspended at its request pending an announcement on a proposed acquisition of several exploration packages (trading halt of 18 May) and on Chalice's drilling at Warrego North. Suspension was to last no later than 24 May.
22 May 2017drilling progress report▲ GoodMajor
Chalice reports its first Parakeet hole at Warrego North, on Meteoric's farm-in ground, intersected copper sulphide (chalcopyrite) in magnetite ironstone at 249-258m. The hole was still drilling toward about 350m. Assays are expected in about three weeks.
28 Apr 2017quarterly activities report● Neutral
March quarter report: the $455,000 placement lifted shares to 253.27 million. Chalice's two-hole 800m Parakeet drill program at Warrego North is due to start with a rig arriving in late April, taking about 3 weeks. Resolves the earlier drilling-timing uncertainty.
16 Mar 2017half year report● Neutral
Half-year to 31 December 2016 shows a loss of $174,095 (previous year $480,624). The $455,000 placement at $0.0091 was issued after period end. Webb (19% plus 16% of E80/4506, diluting) and Warrego North updates repeat known information.
15 Feb 2017capital raising announcement● NeutralMajor
Meteoric agreed a placement of 50 million shares at $0.0091 each to raise $455,000, handled by CPS Capital. Funds are for existing projects, new opportunities and working capital. Issued under the approval given at the 18 November 2016 AGM.
What it means for a shareholder
50.0m new shares at $0.0091 to raise about $455,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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31 Jan 2017quarterly activities report● Neutral
December quarter report: Webb is now shown as Meteoric 21% plus right to acquire 15%. Drilling of prioritised targets is expected in the 2017 field season. Chalice has Warrego North approvals, with its two-hole 800m Parakeet program to start after the wet season (March quarter).
12 Dec 2016drilling result● Neutral
Radar trials at Webb interpret drilled target KJ244 as a 2ha pipe and undrilled KJ52 and KJ62 as 4ha and 7ha pipes. Radar will help prioritise drilling of the 42 northern targets in the 2017 field season. Repeats the 7 December result, now with the JORC table.
7 Dec 2016drilling result▲ GoodMajor
Radar trials at Webb interpreted undrilled targets KJ52 and KJ62 as kimberlite pipes of 4ha and 7ha. Drilled target KJ244 is reinterpreted as a 2ha pipe. Radar will help prioritise drilling of the 42 targets, now expected in the 2017 field season, not 2016.
31 Oct 2016quarterly activities report● Neutral
September quarter report: trial ground radar surveys were run at Webb, with results due next quarter. The JV has drilled 64 of 280 targets (23%), finding 51 kimberlites. Chalice expects Warrego North drilling next quarter, pending approval of its mine plan.
