Each one in plain English, with the numbers worked through for a shareholder.
31 Aug 2009farm in farm out agreement● Neutral
Beadell's own announcement of the Lake Mackay farm-in with Meteoric, repeating the terms already released: 51% for $400,000 in three years, up to 70% with a further $400,000. It adds that Beadell won an $86,000 WA government drilling subsidy.
17 Aug 2009farm in farm out agreement▲ GoodMajor
Agreement in principle with Cazaly's subsidiary Sammy Resources on four licences near Webb with copper-gold (IOCG) targets. Meteoric can earn 70% by drilling 1,000m within three years, or 90% by issuing $300,000 of shares. Subject to native title holder consent.
22 June 2009director officer appointment● Neutral
Company secretary Robert Lewis resigned and Rudolf Tieleman was reappointed to the role, with the company noting his involvement since its inception. Administrative change.
3 June 2009regulatory community update▲ Good
A land access agreement is signed with Kiwirrkura elders for the Webb gold target, paving the way for licence E80/4234. Heritage survey is planned for mid-June, with fieldwork expected from August. A further 75sq km licence is applied for.
30 Apr 2009quarterly activities report● NeutralMajor
March quarter report: agreement in principle with traditional owners for access to Webb, and a heritage agreement signed at Robinson Range. Emmerson will sole-fund Barkly, diluting Meteoric from 70%; about $950,000 spending takes it to 30%. Meteoric seeks to farm out other projects to focus on Webb and Robinson Range.
29 Apr 2009capital raising announcement● Neutral
Administrative notice that the 6,618,182 shares at $0.055 (net $364,000) announced on 6 April are being issued, with the usual secondary-sales disclosure statement. No new information.
What it means for a shareholder
6.6m new shares at $0.055 to raise about $364,000. 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.
6 Apr 2009capital raising announcement● NeutralMajor
Meteoric placed 6,618,182 shares at $0.055 to raise $364,000, lifting cash and liquid investments to just over $1m. Funds are mainly for Webb gold and Robinson Range iron exploration. Fully paid shares on issue rise to 50,815,290.
What it means for a shareholder
6.6m new shares at $0.055 to raise about $364,000. 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.
26 Mar 2009asset acquisition disposition▲ GoodMajor
Meteoric confirms priority right of application over a 10km x 8km gold anomaly at Webb in the West Arunta, WA, the largest in a 6,500sq km government survey. It applied for three licences (760sq km). Unexplored, and access negotiations are still under way.
13 Mar 2009half year report▼ Bad
Half-year to 31 December 2008 shows a net loss of $225,254, against a $77,296 profit a year earlier. The directors' report repeats the Robinson Range, Barkly (70%) and Ruby Well termination updates already reported.
31 Oct 2008quarterly activities report▼ BadMajor
September quarter report: cash is $0.8m (down from $1.7m a year earlier). Meteoric is seeking to farm out or sell the 61,600oz Wilthorpe project and farm out Warrego North and Scorpion Well, whose survey was deferred. Barkly has reached 70% earn-in.
30 Sept 2008annual report▼ Bad
Annual report to 30 June 2008 calls 2008 'frustrating', with Robinson Range access delayed by native title issues. Meteoric holds 30% of the Image joint venture projects. The 61,600oz Harrods resource and the Scorpion Well nickel channel concept are repeated.
30 July 2008farm in farm out completion● NeutralMajor
Meteoric has reached the 30% earn-in on the Image joint venture (Scorpion Well, Mt Remarkable, Top Well) and elects to go to 51% by spending a further $200,000 by late 2010. Robinson Range suffered a setback as the Jidi Jidi Aboriginal Corporation rejected the amended heritage agreement.
3 Apr 2008investor presentation● Neutral
Meteoric points to nickel potential at Top Well, 25km from the Mt Alexander discovery, and plans ground magnetic and electromagnetic surveys. It is close to the $300,000 first earn-in (30%) of the Image joint venture. No new drilling result.
14 Mar 2008half year report▲ Good
Half-year to 31 December 2007 shows a profit of $77,296, against a $717,991 loss a year earlier. The directors' report repeats Robinson Range, Scorpion Well and Harrods drilling already announced.
12 Dec 2007regulatory community update● Neutral
Meteoric flags iron ore potential at its 100%-owned Robinson Range project, based on old Geological Survey sampling up to 62.5% Fe over 13km of iron formations. No access yet because of a heritage agreement dispute; no drilling done.
31 Oct 2007resource reserve update▲ GoodMajor
First Harrods South resource: 545,000t at 1.5g/t gold (27,000oz, all Inferred). Combined with Harrods Central, the Harrods total rises to 61,600oz. Cash is $1.7m after an investment sale; economics are being assessed given the improving gold price.
5 Oct 2007drilling result▼ Bad
Rutherfords Find assays are weak: best 2m at 3.32g/t, and the company says grades are unlikely to be economic at current gold prices. Deeper Harrods Central holes confirm mineralisation to 150m but missed the earlier 20g/t+ high grades. Scorpion Well shows nickel-copper hints.
1 Oct 2007annual report● Neutral
Annual report to 30 June 2007 repeats the Harrods Central resource (712,000t at 1.5g/t, over 34,000oz) and the Image joint venture. It notes poor open-pit returns at current gold prices, and that deeper drilling and Harrods South modelling are in progress.
30 Aug 2007drilling result● Neutral
Three Rutherfords Find holes (624m) hit quartz veins and silica alteration 150m to 170m deep, 50m to 100m below earlier intercepts, with the thickest 14m of alteration. These are geological descriptions only; gold assays are still awaited.
23 Aug 2007drilling spud● Neutral
Drilling has started at Rutherfords Find, Bullfinch: three holes, 500m, below the earlier 4m at 10.5g/t. The rig then moves to Harrods Central deeper targets, and a 3,500m aircore programme at Scorpion Well starts within a week.
31 July 2007quarterly activities report▼ BadMajor
June quarter report says preliminary open pit studies show a poor economic return for Harrods Central at current gold prices and costs, so deeper higher-grade drilling is planned for late August/September. Scorpion Well drilling was deferred to mid August for rig availability.
27 Mar 2007resource reserve update▲ GoodMajor
First resource estimate for Harrods Central: 712,000 tonnes at 1.5g/t gold, over 34,000oz (452,000t Indicated, 260,000t Inferred). Deeper high-grade targets starting about 120m down will be drilled when a rig is available. Open pit optimisation studies are being prepared.
16 Mar 2007half year report● Neutral
Half-year accounts to 31 December 2006 show a loss of $717,991, down from $954,590 a year earlier. The directors' report repeats the Harrods Central drilling, Barkly results and the Image joint venture already announced.
11 Jan 2007drilling result▲ GoodMajor
The 52-hole, 3,280m RC programme at Harrods Central is finished, with best results of 2m at 11.7g/t and 2m at 9.4g/t, confined to about 50m depth. Mineralisation is open to the east and south. Consultants will model a near-surface resource by end February 2007.
14 Nov 2006farm in farm out agreement▲ GoodMajor
Meteoric can earn up to 70% of three Image Resources gold projects (Scorpion Well, Top Well, Mt Remarkable) by spending $700,000 over six years. The first 30% needs $300,000 within two years, with a $150,000 minimum before withdrawal.
14 Nov 2006farm in farm out agreement● Neutral
Image Resources' side of the same deal: it farms out the three gold projects (244 sq km) to Meteoric to focus on mineral sands. Same terms as Meteoric's release, up to 70% for $700,000 within six years. Nothing new.
19 Oct 2006director officer appointment● Neutral
Malcolm Smartt resigns as company secretary after about four months, replaced by chartered accountant Robert Lewis. Administrative change only.
2 Oct 2006annual report● Neutral
2006 annual report: about 50,000m drilled in the year, mostly at Wilthorpe, with Meteoric holding 90% there. It repeats results already announced. Issued capital is 43,781,701 fully paid shares and 15,516,934 partly paid shares.
20 Sept 2006drilling scheduled▲ Good
A 3,000m RAB programme starts this week at Bluebird in the Barkly joint venture near Tennant Creek, following an earlier hit of 8m at 1.0% copper. Meteoric has earned 51% and can reach 70% by spending $200,000 by November 2009.
26 July 2006drilling result▲ GoodMajor
The close-spaced 54-hole RC programme at Harrods Central is finished, with best results of 7m at 13.4g/t and 10m at 7.1g/t. Mineralisation shapes can now be interpreted with some confidence; the two panels are under 20% of the area, and a major drill-out is likely in the September quarter.
