Each one in plain English, with the numbers worked through for a shareholder.
30 Jan 2023quarterly activities report● Neutral
December quarter report recaps the Caldeira agreement, metallurgy and Juruena, with diamond drilling starting that week. Palm Springs assays due February. Cash and liquid assets about $3.05M; US$17.5M Juruena balance still due 31 March 2023. No new results.
17 Jan 2023drilling scheduled▲ Good
Diamond drilling at Caldeira to start the week of 23 January: 25 holes, 20 twinning historic auger holes and 5 on undrilled licences, to test depth below the old 20m maximum. A maiden JORC resource is targeted for early Q2 2023.
20 Dec 2022flow test result▲ Good
Review of 2019 testwork on the Caldeira project found rare earths can be washed off the clay with ammonium sulphate, confirming it as an ionic adsorption clay deposit. Average recovery was 58% for Pr+Nd and 43% for Tb+Dy. Historic, preliminary work; ANSTO engaged for future tests.
16 Dec 2022asset acquisition disposition▲ GoodMajor
Binding agreement to acquire the Caldeira ionic clay rare earth project in Minas Gerais, Brazil (30 licences), from Togni S/A. Prior auger drilling reported intersections such as 20m at 8,924 ppm TREO. Diamond drilling planned for January 2023. Purchase price not shown in the text provided.
16 Dec 2022other● Neutral
ASX notice that Meteoric's trading suspension will lift immediately after the Caldeira acquisition announcement. Administrative notice with no new information.
12 Dec 2022other● Neutral
At the company's request, ASX suspended trading from 12 December 2022 pending an announcement about a material acquisition. It follows a trading halt granted on 8 December. Suspension to last until the announcement or 15 December.
28 Nov 2022drilling result● Neutral
Seven RC holes (1,098m) completed at Palm Springs; assays due early 2023. Syenite with about 5% sulphides was hit north of the Butchers Creek pit. Golden Crown could not be drilled because of flooding and is left for 2023.
24 Nov 2022director officer appointment● Neutral
Non-executive director Shastri Ramnath resigned on 24 November 2022, having joined the board in 2017. No reason given. Board now Burke, Tunks, Kitto and de Carvalho.
14 Nov 2022drilling spud● Neutral
A 1,000m RC drill program began at Palm Springs, testing IP anomalies north of the Butchers Creek pit, at the tailings dam and at Mt Bradley. Eight holes are planned, taking about two weeks. Golden Crown is not in this program.
27 Oct 2022quarterly activities report● Neutral
September quarter report recaps the Juruena completion (US$17.5M still due by 31 March 2023) and the IP survey results, with an RC program being designed. States cash and liquid assets of over $4M. No new results.
5 Oct 2022asset acquisition disposition▲ GoodMajor
Juruena sale completed. US$2.5M (A$3.78M) received; the final US$17.5M (A$26.5M) is now due by 31 March 2023, later than the 31 January 2023 date set on 14 September. Company says cash will fund Palm Springs exploration and wider acquisitions.
5 Oct 2022admin correction● Neutral
Re-release of the 5 October Juruena completion notice. The only change is the wording of who paid the first US$2.5M ("received from" Alchemist rather than "received by"). Terms are unchanged.
23 Sept 2022agm notice● Neutral
AGM set for 23 November 2022, with director nominations closing 30 September 2022. Re-election and appointment of directors will be on the agenda. Administrative notice only.
21 Sept 2022annual report● Neutral
Annual report for the year to 30 June 2022. Names Juruena and Palm Springs as the key gold assets and lists Andrew Tunks as non-executive director. The visible text recaps earlier drilling and a 319koz resource figure, which differs from the 355koz restated in June 2022.
21 Sept 2022drilling result▲ Good
IP survey (six lines, 4,490m, to about 200m depth) found chargeability anomalies along strike of Butchers Creek, Golden Crown and Faugh-a-Ballagh, plus new targets at Mt Bradley and north of the tailings dam. An RC drill program is being designed. No gold assays yet.
21 Sept 2022admin correction● Neutral
Appendix 4G and corporate governance statement for the year to 30 June 2022, lodged with the annual report. Compliance paperwork with no new operating or financial information.
14 Sept 2022asset acquisition disposition▲ GoodMajor
Juruena sale restructured: US$2.5M on completion and US$17.5M on 31 January 2023, instead of three instalments over 12 months. Meteoric gives up the capped US$2M royalty. Conditions deadline now 23 September, completion targeted 30 September 2022.
8 Sept 2022joint venture update● Neutral
Juruena sale pre-conditions deadline extended a further week to 14 September 2022. Second delay in a row to completion; no other change stated.
31 Aug 2022joint venture update● Neutral
Juruena sale pre-conditions deadline extended one week to 7 September 2022. Completion and the first US$2.5M payment are delayed; no other terms changed.
29 July 2022quarterly activities report● Neutral
June quarter report recaps the Juruena sale terms (US$20M cash plus capped royalty), Tunks stepping down as MD and the IP survey, with results due August. Cash and liquid assets about $1.75M, down from about $3.0M; sale completion expected late August or early September.
15 June 2022drilling scheduled● Neutral
2022 field season starts at Palm Springs: IP survey this week, followed by about 2,000m of reverse circulation drilling at Butchers North and Golden Crown. Resource restated at 5.7Mt at 1.94 g/t for 355koz. Brazil sale described as moving towards completion.
3 June 2022asset acquisition disposition▲ GoodMajor
Agreed to sell the Juruena Gold Project (387koz) to Keystone Resources for up to US$22M (~A$30M): US$2.5M at completion, US$7.5M after 6 months, US$10M after 12 months, plus capped royalty. MD Andrew Tunks steps down to non-executive; CEO search begins. No shareholder vote needed.
1 June 2022other● Neutral
ASX pauses trading in Meteoric shares pending a further announcement; no reason given in the notice. Precedes the Juruena sale announcement two days later (inference from timing).
29 Apr 2022quarterly activities report● Neutral
March quarter report: Scoping Studies for Palm Springs and Juruena now slip to Q2 2022 (previously Q1). Field season starts May with IP survey then drilling; site visits for Juruena porphyry held with major miners. Cash about $3.0M.
14 Mar 2022half year report● Neutral
Half-year to 31 December 2021: net loss $3.37M (prior year $4.0M), net assets $4.12M, cash $3.47M. Recaps the 357koz Palm Springs resource and metallurgy results. No new operating news.
9 Feb 2022flow test result▲ Good
Second Butchers Creek composite gave 95-96% gold recovery in 24 hours, confirming a simple leach route. Earlier gravity recoveries were revised down (Composite #1 gravity 12.2% versus 37.4% first reported) after a lab error; whole-of-ore result unaffected.
24 Jan 2022quarterly activities report● Neutral
December quarter report recaps the 96.4% leach recovery, final Palm Springs assays and Juruena porphyry results, with Scoping Studies due Q1 2022. Completed $1.7M placement plus $1.088M SPP; cash and liquid assets stated as over $4M. No new results.
20 Dec 2021admin correction● Neutral
Share registry Automic notifies that its Perth office has moved to Level 5, 191 St Georges Terrace. Administrative notice with no company impact.
13 Dec 2021other▲ GoodMajor
First metallurgical tests on Butchers Creek (Palm Springs) core show 96.4% gold dissolution after 24 hours using simple whole-of-ore leaching, suggesting a low-cost processing route. Feeds the Scoping Study due Q1 2022. Note: gravity figures were later revised (see 9 Feb 2022).
13 Dec 2021capital raising announcement▲ Good
The share purchase plan closed oversubscribed: $1,088,100 from 136 applications at $0.017, all accepted in full. Completes the November raising, which with the $1.7M placement totals about $2.8M. Shares issue 15 December.
