Each one in plain English, with the numbers worked through for a shareholder.
13 Dec 2021capital raising announcement● Neutral
Supplementary prospectus lifts the share purchase plan to $1,088,100 (from $1.02M) so all valid applications are accepted; 64,005,832 new shares and 12,801,126 options will be issued, taking shares on issue to 1,526,297,371.
30 Nov 2021investor presentation● Neutral
AGM presentation repeating known facts: combined resource 7.52Mt at 3.1 g/t for 744koz. Palm Springs Scoping Study results targeted Q1 2022, with 2022 drilling in Q2-Q3; Juruena Scoping Study results also due Q1 2022.
23 Nov 2021security holder rights change● Neutral
45,500,000 unvested Class B performance rights expired on 22 November 2021. Reduces rights on issue; no cash or share impact stated.
16 Nov 2021other● Neutral
Notice that the target market determination for the share purchase plan and attaching options is available on the company website. Administrative only.
10 Nov 2021capital raising announcement● Neutral
Prospectus for the share purchase plan: up to $30,000 per eligible shareholder at $0.017 per share, to raise up to $1.02M, with free 1-for-5 options at $0.024. Underwritten by CPS Capital. Formalises the 3 November raising; no new terms.
3 Nov 2021capital raising announcement● NeutralMajor
Raising $1.7M via a placement of 100M shares at $0.017, with 1-for-5 attaching options at $0.024 expiring 28 May 2023. A fully underwritten share purchase plan for up to $1.02M follows on the same terms. Funds go to Juruena and Butchers Creek studies; the company is also doing due diligence on other gold projects.
What it means for a shareholder
100m new shares at $0.017 to raise about $1.7m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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29 Oct 2021quarterly activities report● Neutral
September quarter report recaps the Palm Springs 10-hole program and Juruena porphyry results, with Scoping Study and mining licence work underway. Cash and liquid assets about $3.0M, down from about $4.75M at 30 June. No new results.
26 Oct 2021drilling result▲ Good
Final 2021 Palm Springs assays: BCRD486 29m at 2.0 g/t gold, including 2m at 8.8 g/t; BCRD482 9m at 1.4 g/t. Confirms the thick hinge-zone model; results feed preliminary economic studies. Completes the program begun in May.
25 Oct 2021drilling result● NeutralMajor
Juruena deep drilling (3 holes, 2,421m) confirmed a porphyry system but not an economic discovery; JUDD043 had 640m at 206 ppm copper. The company will seek a major partner for the porphyry and has started a Juruena gold Scoping Study with GE 21 and mining licence applications.
30 Sept 2021other● Neutral
Appendix 4G corporate governance checklist for the year to 30 June 2021, pointing to the governance statement on the company website. Administrative filing with no new business information.
30 Sept 2021annual report● Neutral
Annual report for the year to 30 June 2021 recaps the Palm Springs maiden 357koz and Juruena 387koz resources (about 745koz combined) and Dr De Carvalho's board appointment. Financial figures are not visible in the text provided.
29 Sept 2021agm notice● Neutral
AGM set for 22 November 2021; director nominations close 1 October 2021. Administrative notice only.
22 Sept 2021drilling result▲ GoodMajor
First 2021 Palm Springs assays confirm thick gold zones at Butchers Creek: BCRD483 57m at 1.6 g/t, including 18m at 3.1 g/t; BCRD484 32m at 1.4 g/t. Company will now start a Scoping Study (open pit and underground); remaining assays due October.
2 Aug 2021drilling progress report▲ Good
Palm Springs 2021 drilling: 5 of 8 holes done; visible gold seen in BCRD484 within 79m of altered syenite in the fold hinge. Holes BCRD489 and 490 show mineralisation extends 80m south of the resource. Assays due late August; no grades yet.
29 July 2021quarterly activities report● Neutral
June quarter report recaps the Palm Springs maiden 357koz and Juruena 387koz resources, two completed porphyry holes, and 5 more planned. Cash and liquid assets about $4.75M. No new results.
20 July 2021director officer appointment▲ GoodMajor
Dr Marcelo De Carvalho, a Brazilian geologist who has worked on Juruena since acquisition, joins the board. JUDD043 finished at 820m with molybdenum and copper sulphides over 600m of core; first assays due August; a further 5,000m of porphyry drilling planned.
1 July 2021investor presentation● Neutral
Corporate update recapping the Palm Springs and Juruena resources and ongoing porphyry drilling. Adds that 5 more porphyry holes are planned, Juruena Scoping Study tenders have been called, and cash and liquid assets are about $4.75M. No new results.
24 June 2021drilling progress report▲ Good
Second deep hole JUDD043 at Juruena found a zone over 200m thick of molybdenite and copper sulphides, with up to 10% disseminated copper sulphides over 50m. Reached earlier than expected; the company will finish this hole before returning to JUDD042. Assays expected in about 6 weeks.
15 June 2021resource reserve update▲ GoodMajor
Juruena resource lifted 50% to 387,000oz at 6.3 g/t Au (from 261koz in 2016), with Indicated up 170% to 156,800oz at 17 g/t. Delivers the promised update; company plans a Scoping Study update and mining licence application. Combined with Palm Springs, about 750,000oz.
3 June 2021resource reserve update▲ GoodMajor
Maiden Palm Springs resource: 5.6Mt at 2.0 g/t for 357,000oz gold, 139,000oz of it Indicated, at Butchers Creek and Golden Crown. Resolves the maiden-resource aim; pit dewatering has stopped as no longer needed. A further upgrade is planned after current drilling.
27 May 2021drilling progress report▲ Good
JUDD042 at Juruena stopped at 940m in copper-bearing breccia within the Juruena Fault, awaiting narrower rods; to resume early June. Rig moved to JUDD043. Company says the geology supports a porphyry system. No assays yet; resource update said to be very soon.
24 May 2021admin correction● Neutral
Updated re-release of the Palm Springs drilling start announcement, changing the start date from 20 May to 21 May. Otherwise the same program: 10 holes, about 3,800m. No new information.
24 May 2021drilling spud▲ GoodMajor
The 2021 Palm Springs drilling began in May: 10 holes for about 3,800m of RC and diamond drilling at Butchers Creek, aimed at the gold-rich fold hinge and 160m of extension southwest. Forecast to take 6 weeks; feeds resource and mining studies from Q3/4 2021.
19 May 2021admin correction● Neutral
Second re-release of the 4 May Juruena porphyry update, containing only an updated JORC Table 1. No new drilling results.
7 May 2021admin correction● Neutral
Re-release of the 4 May Juruena porphyry update, adding visual sulphide percentage estimates and a JORC Table 1. No new drilling information.
4 May 2021investor presentation● Neutral
RIU Sydney presentation repeating Palm Springs and Juruena stories. Shows 1.31B shares, 110.5M options, 93M performance rights, $5.24M cash, $72M market cap at $0.055. No new results.
4 May 2021drilling progress report▲ Good
JUDD042 at Juruena reached 841m, with quartz-molybdenite veins from about 600m and copper-bearing chalcopyrite-bornite veins from about 700m. The company says it may be nearing the Juruena Fault target earlier than expected, with about 250m left. No assays yet.
28 Apr 2021quarterly activities report● Neutral
March quarter report recaps the Palm Springs 2020 results and plans for 7,000m of drilling and dewatering from May. JUDD042 at Juruena is at 750m with porphyry-style minerals. Juruena resource update described as imminent. No new results.
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.
