Past year: ▼ 33%(0.20c – 0.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
25 Oct 2007quarterly activities report▼ BadMajor
September 2007 quarter: the Bullabulling South drilling (17 holes, 2,030m) found no significant gold or base metals; the IP sulphides were thought to be clay zones. This resolves the drilling thread negatively. Cash was $1.489m; uranium auger drilling began at Lake Giles, and Nalbarra E59/1257 is held up by a native title overlap.
13 Aug 2007drilling spud● NeutralMajor
A drill rig started on 11 August 2007 at Bullabulling South, the 2,500m programme that had slipped from June. It targets nickel/copper sulphides and gold to 150m; the third hole was under way. No results yet.
7 June 2007other● Neutral
Notice that 1,050,000 restricted unlisted shares will be released from escrow on 21 June 2007. Administrative; no change to the business.
3 May 2007other● Neutral
Chairman's letter, six months after relisting, restates earlier results: encouraging uranium samples, IP anomalies, planned June 2007 drilling, and the West Africa uranium arrangement with Raintree and Palace. No new results or figures.
17 Apr 2007material agreement● NeutralMajor
New Age and Palace Resources each agreed to pay US$50,000 for a 12-month exclusive deal with Ghana-based Raintree to find African uranium projects. New Age may negotiate up to 50% of any projects found, diversifying beyond Australia.
17 Apr 2007material agreement● Neutral
Palace Resources' copy of the Raintree uranium exclusivity announcement. The text is garbled, but the matching New Age release the same day covers the deal.
8 Mar 2007drilling result▲ Good
Early IP survey lines at Bullabulling South show possible nickel sulphide anomalies within a strongly magnetic zone, typical of nickel deposits. These are geophysical indications only, not drilling; reverse circulation drilling could follow around April 2007.
13 Feb 2007joint venture update▲ Good
Jervois's release repeating that the fourth uranium licence, E77/1345 at Lake Giles, was granted for five years, with sampling and drilling planned. Duplicate of New Age's announcement of the same day.
13 Feb 2007regulatory community update▲ Good
A fourth uranium licence, E77/1345 (7,460 hectares at Lake Giles), was granted for five years in the Jervois joint venture. Fieldwork is planned and drilling will join the other uranium projects; New Age is earning up to 60%.
24 Jan 2007regulatory community update▲ Good
Two further joint venture uranium licences at Lake Barlee (E77/1332 and E77/1333) were granted for five years, covering over 400 square kilometres. Radiometric data shows high uranium responses; field sampling then aircore drilling is planned.
19 Jan 2007joint venture update▲ Good
Jervois reported the first joint venture uranium licence (Nalbarra, E59/1264) granted, with two more at Lake Barlee expected within a week. An IP survey at Bullabulling South was extended to 16.5km after strong magnetic results; drilling may slip to March/April.
19 Jan 2007regulatory community update▲ Good
New Age's own release of the same news: the first joint venture uranium licence, E59/1264 at Nalbarra, was granted for five years. Two Lake Barlee licences are expected shortly, and the Bullabulling South IP survey was extended to 16.5km.
26 Oct 2006investor presentation● Neutral
On relisting, New Age gave an overview: suspended since January 2001, it now holds rights to earn up to 60% of Jervois ground in WA, with about $2.2m cash and 42.2m shares. Early grab samples cited; exploration to start at Bullabulling South.
25 Oct 2006listing compliance notice▲ GoodMajor
New Age satisfied ASX listing rule chapters 1 and 2 and will be reinstated to the official list on 27 October 2006. Holding statements have been sent, so shares can trade again after the earlier suspension.
4 Oct 2006capital raising announcement▲ Good
New Age said its prospectus offer was fully subscribed with minimum subscriptions received, and it is now seeking re-quotation of its shares on the ASX. This completes the $2.2m raise at 20c.
8 Sept 2006capital raising announcement▼ Bad
The offer's closing date was extended from 8 to 29 September 2006 to reach the shareholder spread ASX requires for relisting. Expected relisting moves to 13 October 2006, so the return to trading is delayed.
8 Aug 2006capital raising announcement● Neutral
New Age announced its prospectus is open: 11m shares at 20c to raise $2.2m, with priority for NAE and Jervois holders on up to 7m shares. Funds cover Jervois farm-in spending; relisting expected 22 September 2006, drilling within three months after.
What it means for a shareholder
11.0m new shares at A$0.200 to raise about A$2.2m. That's 26% dilution: every existing holder's slice gets 26% smaller. If you held A$1,000 of shares (5,000 at the issue price), your slice goes from 0.016% to 0.0118% of the company. To keep it you'd need 1,763 more shares - about A$353 at the issue price.
Create a free account to see this worked out for your own holding.
31 July 2006capital raising announcement▲ GoodMajor
The renamed New Age Exploration lodged a prospectus to raise $2.2m by issuing 11m shares at 20c, not underwritten, to fund its Jervois farm-in commitments. This is the relisting step for the company, which has been off the ASX since 2001 (per later release).
What it means for a shareholder
11.0m new shares at A$0.200 to raise about A$2.2m. That's 26% dilution: every existing holder's slice gets 26% smaller. If you held A$1,000 of shares (5,000 at the issue price), your slice goes from 0.016% to 0.0118% of the company. To keep it you'd need 1,763 more shares - about A$353 at the issue price.
Create a free account to see this worked out for your own holding.
7 June 2006farm in farm out agreement● Neutral
Labtam signed the Heads of Agreement to earn up to 60% of the Jervois tenements for $1.5m over three years, subject to shareholder approval and ASX relisting. A prospectus with priority for both companies' shareholders is planned. Same deal as Jervois's release.
6 June 2006farm in farm out agreement● Neutral
Jervois's side of the deal: it signed a Heads of Agreement letting Labtam earn up to 60% of its tenements for $1.5m over three years, conditional on Labtam relisting. Confirms the earlier in-principle deal; Jervois shareholders get priority in Labtam's offer.
10 May 2006capital raising announcement● Neutral
Jervois Mining (the joint venture partner, not NAE) placed 39.2m shares at 1.4c to raise $549,010 for working capital. It also reached agreement in principle for Labtam to earn up to 60% of its WA tenements by spending $1.5m over three years.
What it means for a shareholder
39.2m new shares at A$0.014 to raise about A$549,010. 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.
10 May 2006farm in farm out agreement▲ GoodMajor
Labtam (later New Age) agreed in principle to earn up to 60% of Jervois's WA uranium and gold tenements by spending at least $1.5m over three years. It is subject to due diligence, shareholder approval and ASX relisting. Director Gary Anderson resigned.
