Past year: ▼ 33%(0.20c – 0.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
15 Mar 2010half year report▼ Bad
Half-year to 31 December 2009 shows a loss of $657,734, against a $131,529 loss a year earlier; the table shows a $565,000 diminution of value in financial assets (inference: likely the Jervois shares). Bunnawarra and Africa updates repeat earlier news.
11 Mar 2010director officer appointment▲ GoodMajor
Gary Fietz, a geologist with 21 years at BHP Billiton mostly in iron ore, is appointed Managing Director to find and develop new projects, especially iron ore. His appointment is conditional on the rights issue being fully subscribed. A leadership addition alongside the $4.5m raising.
11 Mar 2010capital raising announcement● NeutralMajor
New Age plans a renounceable rights issue of one new share per share held at $0.085, plus one $0.10 option (expiring 31 March 2012) for every twelve new shares. It is fully underwritten by Patersons, with funds for working capital. Chairman's comment in the Fietz release cites $4.5m.
11 Mar 2010capital raising announcement● Neutral
Cover letter to shareholders restating the rights issue terms (1-for-1 at 8.5 cents, one option per twelve shares) and the indicative timetable. No new information beyond the prospectus.
11 Mar 2010capital raising announcement● Neutral
Prospectus for the 1-for-1 renounceable rights issue at 8.5 cents, raising $4,097,000 before costs, with one $0.10 option (expiring 31 March 2012) per twelve shares. Underwritten by Patersons; Fietz's Managing Director appointment is subject to completion. Closing date is 23 April 2010.
27 Jan 2010quarterly activities report● Neutral
December 2009 quarter: no significant work on Bunnawarra, and Africa uranium has no activity. Cash rose to $1.513m, although the quarter's financing inflow of $675,000 is not explained in the text.
28 Oct 2009drilling result▼ BadMajor
Bunnawarra drilling (1,205m aircore, three lines) found no economic molybdenum, and gold and silver were below the surface anomaly. One hole had anomalous rare earths needing further assay. New Age's share is now up to 40%. Cash was $910,000.
16 Sept 2009drilling scheduled● Neutral
Drilling is to begin at Bunnawarra that week, with Jervois as partner, mainly testing the molybdenum anomaly and some gold anomalies. This follows the rain delays and the earlier auger results.
16 Sept 2009other● Neutral
Jervois's release of the same Bunnawarra drilling announcement as New Age's, with identical content. Re-release; no new information.
4 Sept 2009annual report▲ Good
Annual report for the year to 30 June 2009: a profit of $51,606, against a $406,733 loss in 2008, with no dividend. Directors unchanged. Bunnawarra drilling is planned from 14 September 2009 after over two months of rain delays.
15 July 2009quarterly activities report● Neutral
June 2009 quarter: heavy rain has postponed Bunnawarra drilling, though drill lines are bulldozed and the crew is on standby. Africa uranium has no activity. Cash was $975,000, of which $800,000 is held in deposits.
22 Apr 2009quarterly activities report● Neutral
March 2009 quarter: confirms the Jervois joint venture ended with $300,000 reimbursed, and Bunnawarra now shared equally with Jervois ($70,000 reimbursed). Raised $780,000 from 6m shares at 13 cents, and spent $800,000 on Jervois shares. Cash was $1.041m.
19 Mar 2009farm in farm out agreement● NeutralMajor
New Age exits the Jervois uranium and gold joint venture: Jervois repays about $300,000 of costs, and New Age gets a 2% gold royalty and $2/lb uranium royalty. Jervois subscribes 6m New Age shares at $0.13 ($780,000), reaching about 16%; New Age buys 200m Jervois shares at $0.004 ($800,000). Jervois now shares Bunnawarra, with $70,000 reimbursed.
19 Mar 2009other● Neutral
Jervois's own announcement of the same deal: it takes back the uranium and gold tenements, New Age gets royalties, and shares are swapped (200m Jervois at $0.004; 6m New Age at $0.13). Adds a planned uranium IPO for Jervois and New Age shareholders, plus Jervois-specific items.
17 Mar 2009admin correction● Neutral
Cover note adding the competent person statement (D. Foster) to the half-year report lodged 16 March 2009. Administrative; no new company information.
16 Mar 2009half year report● Neutral
Half year to 31 December 2008: loss of $131,529, down 52.4% on the prior period, on lower administration costs. No dividend. Directors unchanged. Project updates repeat known facts: Bunnawarra geophysics talks and uranium work still awaiting surveys.
27 Jan 2009quarterly activities report● Neutral
December 2008 quarter: Bunnawarra E59/1391 was granted, with auger anomalies in copper, gold and a molybdenum zone about 4km by 600m; extensive drilling is intended. E59/1257 is now granted, but uranium drilling still awaits flora and fauna surveys. Africa has no activity.
23 Jan 2009admin correction● Neutral
Cover note adding the competent person statement (D. Foster, AusIMM) to the 2008 Annual Report lodged 30 September 2008. Administrative; no new company information.
15 Dec 2008regulatory community update▲ GoodMajor
The Bunnawarra tenement E59/1391 was granted, resolving the pending application from the May 2008 Redfeather deal. Auger sampling found copper, gold and molybdenum anomalies, including a molybdenum zone about 4km by 600m. An extensive drilling program is intended.
28 Oct 2008other● Neutral
Notice that 19,250,000 restricted unlisted ordinary shares will be released from escrow on 12 November 2008. Administrative; these are shares already issued, so no new capital is raised.
22 Oct 2008quarterly activities report● Neutral
September 2008 quarter: uranium drilling is still awaiting flora and fauna surveys, now expected in the December quarter. Bullabulling South auger sampling found gold anomalies up to 1,010ppb. The Africa arrangement has had no recent activity reported, and E59/1257 remains ungranted.
30 Sept 2008annual report● Neutral
Annual report for the year to 30 June 2008: loss of $406,733 (2006: $204,272), no dividends. Directors are unchanged: Stoyle, Wing and Rice. The review repeats the Bunnawarra deal and uranium projects.
30 July 2008quarterly activities report● Neutral
June 2008 quarter: Bunnawarra (ELA59/1391) is still awaiting grant, with geophysics firms being approached. Uranium drilling remains stuck on approvals and botanist surveys due August. Cash fell to $1.076m, with $111k spent in the quarter.
14 May 2008farm in farm out agreement▲ GoodMajor
New Age signed a binding deal with Redfeather to earn up to 80% of the Bunnawarra iron ore tenement application (180 sq km, Mid West WA). It must spend $1.35m on exploration and issue $150k of shares. This is a new direction away from uranium.
28 Apr 2008quarterly activities report● Neutral
March 2008 quarter: uranium drilling at Nalbarra, Lake Barlee West and Lake Giles awaits government approvals, expected by end June 2008; earlier surface sampling found only low-grade uranium. Cash fell to $1.187m. A hydrogeology survey is planned at Bullabulling South; the Africa work continues.
23 Apr 2008other● Neutral
Share registry Link Market Services notified a change of its Melbourne office address from 1 May 2008, applying to many listed companies including New Age. Administrative; no company substance.
29 Nov 2007agm notice● Neutral
Chairman's AGM address repeats the failed Bullabulling South drilling (17 holes, 2,030m, nothing significant) and says no further work is anticipated there. Auger sampling found uranium in 19 of 23 holes at West Barlee, with lab results awaited. Africa work continues.
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.
23 July 2007quarterly activities report● Neutral
June 2007 quarter: a contract is let for the 2,500m Bullabulling South drilling, now due early August, targeting nickel/copper and gold to 150m. Cash was $1.599m at quarter end after $205k spent. Nalbarra E59/1257 awaits grant; African uranium evaluation is under way in Burkina Faso, Niger and Mali.
