Each one in plain English, with the numbers worked through for a shareholder.
24 June 2020drilling progress report● Neutral
Geologists are on site at Palm Springs ahead of Q3 drilling, pending completion of the acquisition. At Juruena, JUDD024 finished at 302m showing strong alteration at target depth; JUDD025 was at 210m. Assays are expected from August 2020.
15 June 2020listing compliance notice● Neutral
ASX lifted MEI's trading suspension immediately after the Palm Springs acquisition and capital raising announcement. Administrative notice with no new substance.
15 June 2020asset acquisition disposition▲ GoodMajor
Meteoric signed a conditional agreement to buy the Palm Springs Gold Project near Halls Creek, WA, site of the Butchers Creek pit (52,000oz at 2.1 g/t mined in the 1990s). It adds an Australian gold project to the Brazil assets; the raising size and price are not in the excerpt.
11 June 2020listing compliance notice● Neutral
MEI requested a voluntary suspension from 11 June, following a 4 June trading halt, pending an announcement on an acquisition and capital raising. Administrative step only; the detail came in the later announcement.
9 June 2020drilling spud▲ GoodMajor
Meteoric began its 4,000m 2020 diamond drilling program at Juruena on 8 June, starting at Dona Maria's southern shoot. It ends the COVID and wet-season pause; Crentes porphyry follow-up of JUDD010 (53.3m at 1.33 g/t gold) is planned next.
31 Mar 2020other● NeutralMajor
Meteoric reports over $7M cash at 31 March 2020 and says it has cut costs, with directors and senior staff taking pay cuts amid COVID-19. Juruena drilling will start when Brazil allows. It is also reviewing Australian and overseas gold and copper-gold acquisitions.
12 Mar 2020half year report● Neutral
Half-year accounts to 31 December 2019 show a net loss of $3.76M, cash of $8.15M and net assets of $7.93M. Cash is up from $2.53M at June 2019, consistent with the August and (inferred) November placements. Nothing new operationally.
27 Feb 2020drilling result▲ GoodMajor
JUDD022 intersected 4.4m at 13.5 g/t gold from 300m, about 30m below the current Juruena resource, confirming the high-grade shoot continues at depth. Tomate hole JUDD013 hit 4.8m at 9.9 g/t. Resource stays at 261koz, with a review planned after 2020 drilling.
16 Dec 2019drilling result● Neutral
First Novo Astro assays: NADD001 returned 0.5m at 38.8 g/t gold from 72.3m, confirming gold in fresh rock below the José pit. NADD002 and NADD003 were low grade (13m at 0.34 g/t; 5.7m at 0.70 g/t). Drilling ends this week; more results due January–February.
28 Nov 2019drilling progress report▼ Bad
First Novo Astro assays are delayed from late November to mid-December because of a backlog at the ALS sample preparation lab in Goiania. Eight holes are complete. Meteoric will review its sampling and lab providers, including an onsite prep facility.
20 Nov 2019capital raising announcement▲ GoodMajor
Meteoric has firm commitments to raise $7M via 140M shares at 5c, a 12% discount to the last price of 5.6c. It follows the $2.7M August placement and will fund 5,000m more drilling at Juruena and 3,000m diamond plus 20,000m aircore/percussion at Novo Astro.
What it means for a shareholder
140m new shares at $0.050 to raise about $7.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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11 Nov 2019drilling result▲ Good
Novo Astro's first-ever hole, NADD001, intersected visible gold at José below the old Garimpeiro pit. Five holes are done and a second rig has moved over from Juruena. Assays are due late November; this is not yet a grade result.
6 Nov 2019drilling result▲ GoodMajor
JUDD009 hit 1.2m at 45.83 g/t gold at the base of the Dona Maria resource (88,000oz at 12.7 g/t), showing high grade continues at depth. JUDD010 found a separate gold-copper zone at Crentes: 54.3m at 1.33 g/t gold and 0.23% copper.
16 Oct 2019investor presentation● Neutral
October investor presentation repeating known Juruena and Novo Astro results. It shows 986M shares, $3.3M cash at 16 Oct 2019, and 90M options. Dr Kitto is added to the board; Klare Super is listed at 5.1%.
16 Oct 2019director officer appointment▲ Good
Dr Paul Kitto joins the board as Non-Executive Technical Director, effective immediately. He has over thirty years' experience, was formerly CEO of Ampella Mining and is currently a director of Tietto Minerals.
14 Oct 2019drilling result▲ GoodMajor
More bonanza assays at Juruena: JUDD008 returned 14m at 81.7 g/t gold, including 2.5m at 287.4 g/t, extending the high-grade zone beyond the Indicated resource. JUDD007 returned 3.5m at 15.3 g/t. Novo Astro's first hole began 2 October; 13 Juruena holes are complete.
1 Oct 2019drilling spud▲ GoodMajor
A GEOSOL rig has arrived at Novo Astro, with drilling due to start 2 October on the first of 21 holes (about 2,500m) across four targets. Geophysics crews are due in early November. Juruena holes JUDD12 and 13 are drilling; results for JUDD03-08 are due mid-October.
27 Sept 2019annual report● Neutral
Annual report for the year to 30 June 2019 describes the shift from Canadian nickel-copper-cobalt assets to Brazilian gold, completed in May. The chairman calls the company financially strong. Drilling results are said to continue well into 2020.
27 Sept 2019annual report● Neutral
Appendix 4G for the year to 30 June 2019, stating the corporate governance statement is on the company website. Administrative filing with no new operating or financial information.
18 Sept 2019drilling result▲ GoodMajor
First Juruena assays confirm the visible gold: JUDD001 returned 20.6m at 94.9 g/t gold including 3.65m at 508.4 g/t; JUDD002 returned 4.5m at 6.20 g/t. Big River's 50m escrowed shares were released for sale to investors.
18 Sept 2019asset acquisition disposition● Neutral
Big River Gold sells its 50m Meteoric shares at 5.5c to raise $2.75m, after Meteoric lifted the 12-month escrow early. It keeps exposure via the further $1.5m in milestone-based Meteoric scrip. The 5.5c compares with the 1c it paid.
10 Sept 2019drilling progress report▲ Good
GEOSOL contract signed for Novo Astro's first-ever drilling (21 holes, 2,500m) from late September. At Juruena, eight holes are done and JUDD008 hit visible gold, the second time after JUDD001. First assays expected within about 10 days.
26 Aug 2019investor presentation● Neutral
August investor presentation on the Juruena and Novo Astro gold projects, repeating known facts. It shows 977M shares, $4.46M cash at 22 Aug 2019, and Big River Gold at 5.1%. No new drilling results.
26 Aug 2019drilling scheduled▲ Good
Meteoric plans a 21-hole, 2,500m diamond program at Novo Astro from late September, after rock chips returned up to 290.13 g/t gold, above the historic 264 g/t. Four drill prospects are defined, with IP and magnetic surveys planned. Juruena assays are expected from mid-September.
16 Aug 2019admin correction● Neutral
Re-release of the 16 August visible gold announcement with the JORC Table 1 added. The company says no other changes were made, so there is no new information.
16 Aug 2019drilling result▲ GoodMajor
Meteoric's first hole at Juruena, JUDD001, hit visible gold at 112.8m within a 16m wide alteration zone at Dona Maria, ending at 143.53m after a temporary halt for tool problems. No assays yet; results are expected in about four weeks. Novo Astro drilling is now expected mid-September.
12 Aug 2019capital raising announcement▲ GoodMajor
Meteoric raises $2.7m through a placement of 84,375,000 shares at 3.2c to institutional and sophisticated investors, with CPS Capital as lead manager. Funds expand drilling so Juruena and Novo Astro can be drilled at the same time. This is well above the 1c paid in the earlier raising.
What it means for a shareholder
84.4m new shares at $0.032 to raise about $2.7m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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1 Aug 2019drilling progress report▲ Good
Field work starts at Novo Astro, 30km east of Juruena, with 36 samples sent for assay and walk-up drill targets identified under old workings. Meteoric plans to send an extra rig there in late August; Novo Astro has never been drilled. Juruena drilling at Dona Maria is under way.
23 July 2019other● Neutral
Big River Gold (formerly Crusader, the seller) updates on its Borborema project and notes its 50m Meteoric shares, a 5.62% holding, bought at 1c against a 2.6c price on 22 July. Nothing new about Meteoric beyond the drilling start.
22 July 2019drilling spud▲ GoodMajor
The first GEOSOL diamond rig is on site at Juruena, with drilling to start by 24 July at Dona Maria and a second rig due within the week. The 26-hole, 4,700m program should take about 3 months; first samples go to the lab in early August.
