Each one in plain English, with the numbers worked through for a shareholder.
7 Apr 2021drilling progress report● Neutral
Palm Springs 2021 season has started: pit dewatering and a 7,000m drill program are planned from May. At Juruena, JUDD042 is at 650m with bornite noted, but a COVID case caused a brief site evacuation. A Juruena resource update is expected before end of April.
17 Mar 2021drilling progress report▲ Good
First deep hole JUDD042 reached 500m, nearing the IP anomaly; from 440m more pyrite plus molybdenite and magnetite veins, which the company notes are common in porphyry systems. Earlier hole JUDD039 reported 51m at 1.40 g/t gold and 0.25% copper at Crentes. No deep result yet.
12 Mar 2021half year report● Neutral
Half-year to 31 December 2020: net loss $4.0M (prior period $3.76M), cash $6.35M (June 2020: $6.51M), net assets $7.34M. Recaps the 26-hole Palm Springs program and its best result, 69m at 4.38 g/t. No new results.
18 Feb 2021drilling spud▲ Good
Deep drilling began 15 February at Juruena, the first of three holes averaging 1,200m (about 3,600m total) testing the IP anomaly for a possible giant copper-gold porphyry. The program is expected to take at least three months, with regular updates promised.
8 Feb 2021drilling result▲ GoodMajor
Final seven Palm Springs holes returned, best 25m at 2.46 g/t in BCRD480, completing the 26-hole 2020 program. Gold is confirmed over 360m southwest of the pit. 2021 plans step-out drilling and infill for a maiden resource estimate.
2 Feb 2021drilling spud▲ GoodMajor
Meteoric is starting a first 3-hole, about 3,600m diamond program at Juruena in early February, rig already on site. It tests the IP chargeability anomaly, whose top is modelled 500m deep, for a possible copper-gold porphyry.
15 Dec 2020capital raising announcement● NeutralMajor
Placement of 70.2M shares at $0.057 to raise $4M, a 9.5% discount to the last price, with one free three-year $0.10 option per two shares. Tolga Kumova takes $1M; a Keith Biggs-led syndicate $2M. Funds go to Palm Springs and Juruena drilling.
What it means for a shareholder
70.2m new shares at $0.057 to raise about $4.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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9 Dec 2020drilling result▲ GoodMajor
Deep IP survey at Juruena found a large chargeability anomaly over 2,000m long and 1,500m wide, less than 500m below surface. Company interprets it as possible porphyry copper-gold sulphides; it is untested. Drilling is planned for early 2021 after data processing.
30 Nov 2020drilling result▲ GoodMajor
Second Palm Springs batch includes 69m at 4.4 g/t gold and 55m at 3.2 g/t, both with visible gold. Mineralisation is now shown over 700m of strike and remains open to the southwest. Twelve holes still await assay, due December/January.
16 Nov 2020investor presentation● Neutral
Notice that Dr Tunks will present at the NWR Virtual Resources Conference on 18 November. Invitation only; no new information.
12 Nov 2020investor presentation● Neutral
Noosa conference presentation recapping Palm Springs and Juruena. Shows 1.24B shares, $4.8M September-quarter cash and a $68M market cap at 5.5c; Tolga Kumova holds 12%. Juruena resource update planned at end of 2020 campaign. No new results.
11 Nov 2020investor presentation● Neutral
Notice that Managing Director Dr Tunks will present at the Noosa Mining virtual conference on 12 November. Invitation only; no new information.
9 Nov 2020asset acquisition disposition▲ GoodMajor
Sale of Midrim and LaForce to Rafaella completed for 13.05M Rafaella shares, valued at $1,174,500 at $0.09 per share. This resolves the pending sale announced in August, up from the roughly $860k first quoted. Meteoric keeps exposure via the shares.
2 Nov 2020drilling result▲ GoodMajor
First seven Palm Springs holes all hit gold, including 56m at 2.7 g/t and 45m at 2.3 g/t. Mineralisation extends 360m south of the old Butchers Creek pit and remains open. The 26-hole program finished 23 Oct; 19 holes still await assay.
12 Oct 2020drilling result▲ GoodMajor
Juruena hole JUDD031 hit 14.3m at 10.2 g/t gold below the 2016 Dona Maria resource, plus 1.1m at 93 g/t. Meteoric now plans a new resource estimate for Q1 2021 and an updated scoping study. Palm Springs assays are expected late October or early November.
25 Sept 2020material agreement● Neutral
Rafaella extended its conditional agreement to buy Meteoric's Midrim and Laforce projects, from 42 to 73 days after the 17 August signing. This allows time for its shareholder meeting on 29 October. The sale is still pending.
25 Sept 2020annual report● Neutral
Annual report for the year to 30 June 2020. The chairman's letter describes the Palm Springs purchase as diversifying away from Brazil, while stating Brazil remains prospective. Operational and financial results repeat previously announced items.
25 Sept 2020annual report● Neutral
Appendix 4G for the year to 30 June 2020, pointing to the corporate governance statement on the company website. Administrative filing with no new substance.
16 Sept 2020investor presentation● Neutral
RIU Resurgence conference presentation repeating Palm Springs and Juruena information. It shows 1.24B shares, $5.5M cash and a $60M market cap at 5c on 15 September. No new results.
15 Sept 2020drilling progress report▲ Good
RC drilling has begun at Palm Springs with two rigs on site, 228m drilled on the first shift. The historical data is now digitised into a 3D model. First assays are expected mid to late October, about a three-week lab turnaround.
10 Sept 2020drilling progress report▲ Good
The first two Palm Springs diamond holes visually confirmed the mineralised trachyte host under and southwest of the Butchers Creek pit. These are visual observations only; no assays yet, expected in October. RC drilling is about to start alongside the diamond rig.
1 Sept 2020investor presentation● Neutral
Mines and Money presentation recapping Palm Springs and Juruena. Capital structure shows 1.24B shares, 93.6M options, 45.5M performance rights, $5.5M cash and a $55M market cap at 4.5c. Tolga Kumova is listed as holding 12%. No new results.
31 Aug 2020drilling result▲ GoodMajor
First 2020 Juruena assays: JUDD024 hit 9m at 15.6 g/t gold and 1.5% copper, the best copper yet at the project. JUDD025 hit 3.4m at 10.1 g/t, over 100m below the 2016 resource. More assays are expected late September.
24 Aug 2020drilling spud▲ GoodMajor
Diamond drilling started at Palm Springs' Butchers Creek on 23 August, with the RC rig due the following week. It begins the 6,500m Stage 1 program (5,000m RC, 1,500m diamond) testing under the old pit. Managing Director Dr Tunks expects assays from October.
17 Aug 2020asset acquisition disposition● NeutralMajor
Meteoric agreed to sell its Canadian nickel-copper projects Midrim and LaForce to Rafaella Resources for 13.05M Rafaella shares, valued at about $860,000. Completion needs Rafaella due diligence and approvals. Treasury of cash and listed shares is put at about $6.65M.
5 Aug 2020drilling scheduled● Neutral
The Palm Springs team is mobilising, with Stage 1 drilling at Butchers Creek set for the week of 17 August: about 23 RC holes (5,000m) plus 7 diamond holes (1,500m). Repeats previously announced plans and historic intercepts.
16 July 2020investor presentation● Neutral
Noosa conference presentation recapping Juruena results and the Palm Springs acquisition. It shows 1.23B shares, 98.5M options and a $45.5M market cap at 3.7c on 16 July 2020. Nothing new.
14 July 2020drilling scheduled▲ Good
Stage 1 drilling at Palm Springs starts early August, with two rigs doing 5,000m RC and 1,500m diamond (6,500m total) below and south of the Butchers Creek pit. The Program of Works approval has been received. Tony Cormack rejoins the team.
14 July 2020investor presentation● Neutral
Notice that Managing Director Dr Tunks will present at the virtual Noosa Mining Conference on 16 July. No new information.
1 July 2020farm in farm out completion▲ GoodMajor
Meteoric completed buying Palm Springs for $750,000 cash and 12.5M shares, escrowed six months. It covers over 12,000 ha with 60 known gold occurrences along 20km. A drilling Program of Works is lodged, with drilling expected from August.
