Past year: ▼ 33%(0.20c – 0.50c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Oct 2022asset acquisition disposition▲ GoodMajor
NAE applies for four new exploration licences, the Meentheena Project (484 km2) in the East Pilbara, near Marble Bar and Nullagine. They are applications only, not yet granted, and expand NAE's Pilbara gold-lithium footprint beyond the Central Pilbara. Reconnaissance is planned for Q4 2022.
12 Oct 2022regulatory community update● Neutral
NAE becomes a sponsor of CSIRO's ultrafine soil analytics program and finishes first-phase Pilbara soil surveys, with 5,300 samples sent to the lab. Results are due Q4 2022 and will guide the planned resumption of drilling. Completes the soil survey step flagged earlier.
26 Sept 2022annual report● Neutral
Annual report for year to 30 June 2022. The activities review repeats known Pilbara drilling (13 Brahman holes, low-level gold and lithium), Quartz Hill licences (Pilbara holdings now over 2,000km2) and New Zealand work. Financial figures not shown in the excerpt.
26 Sept 2022other● Neutral
Appendix 4G corporate governance checklist lodged with the annual report, pointing to the governance statement on NAE's website. Administrative; no new business information.
21 Sept 2022other● Neutral
NAE restates its Lochinvar coking coal overview: 111Mt resource (49Mt Indicated, 62Mt Inferred), 100% owned, with Palaris engaged again to update the scoping study. Largely repeats last week's release and earlier studies; no new data or funding deal.
16 Sept 2022other▲ Good
NAE says the outlook for its 100% owned Lochinvar coking coal project is improving on higher metallurgical coal demand after Russian import bans, and reports expressions of interest from potential investors. Palaris is engaged for a Scoping Study update, due in about six weeks. No funding deal yet.
16 Aug 2022regulatory community update▲ GoodMajor
Prospecting Permit PP60725 over the 100% owned Marlborough Project (499 km2) is granted, resolving the pending Marlborough application. An initial program of geophysical review, mapping and sampling is scheduled for Q3 2022.
4 Aug 2022regulatory community update▲ Good
Field work at OPQ found visible gold in float near historic workings and extended targets to over 6km along the OPQ fault zone. Several prospects are described as drill-ready, with a maiden drill program planned. Gold assays are pending, and Wellisch is now styled CEO and Executive Director.
20 July 2022regulatory community update▲ Good
Reprocessed geophysics and field arsenic readings suggest the Lammerlaw gold anomalies extend along a ~25km corridor. Extension of duration for prospecting permit PP60544 is granted to 26 November 2023. Gold assays from May samples are still pending.
25 May 2022drilling result● NeutralMajor
First assays from 13 Phase 2 RC holes (1,506m) at Brahman show only low-level gold anomalism (e.g. 40m @ 5.5ppb Au) and low-level lithium anomalism (e.g. 56m @ 137.5ppm Li). Lithium pegmatite also confirmed at Quartz Hill. No significant gold intercept; adds lithium as a second target.
16 Mar 2022half year report● Neutral
Half-year to 31 December 2021: loss of $605,566, down from $1,639,620 a year earlier, with cash of A$5.029m. Directors report no significant changes in state of affairs. Operations review repeats earlier Pilbara and NZ announcements; no assay results yet.
23 Feb 2022regulatory community update▲ GoodMajor
Prospecting Permit PP60716 over the 100% owned Manorburn Project (235.78 km2) is granted, next to Santana Minerals' Bendigo-Ophir project. NAE's Otago landholding rises to 558 km2. Resolves the pending Manorburn application; mapping and soil surveys are planned for Q1 2022.
11 Jan 2022listing compliance notice● Neutral
ASX paused trading in NAE shares pending a further announcement. It followed the price query issued the same day after a sharp rise in the share price and volume.
11 Jan 2022price query● Neutral
ASX queried a share price rise from 1.1c to 1.7c and higher volume. NAE said it knows of no undisclosed information and has no other explanation for the trading, and confirmed Listing Rules compliance. Resolves the same-day trading pause.
22 Dec 2021drilling progress report● Neutral
First 20 RC holes totalling 1,500m of the planned 5,000m Phase 2 Pilbara program are complete at Brahman and Droughtmaster, short of the 2,500m targeted in November before the wet season. No assay results yet; soil surveys continue.
10 Dec 2021capital raising announcement● Neutral
Prospectus for up to 100 options at 0.1c each, exercisable at 3c and expiring 31 December 2023. It also allows resale of the listed options issued with the May 2021 placement. Mainly administrative; no new money of note.
10 Dec 2021other● Neutral
Distribution schedule for the 3c options expiring December 2023: 254.6m options held by 130 holders, with 99.7% in holdings above 100,000. Administrative compliance data only.
10 Dec 2021other● Neutral
Top 20 holder list for the 3c options expiring December 2023: 254.6m options on issue, with the top holders owning 86.6%. LTJ Investments holds 24.0% and Northern Star Nominees 17.7%. Administrative data only.
25 Nov 2021drilling spud▲ GoodMajor
A 5,000m reverse circulation Phase 2 program starts in the Central Pilbara with Strike Drilling, focusing first on the Brahman and Droughtmaster projects. About 20 holes (2,500m) are targeted before the wet season, with the rest likely in early 2022. Follows the October target work and the shallow Phase 1 aircore.
28 Oct 2021drilling scheduled▲ GoodMajor
A geophysical review of the Central Pilbara ground (2,311 km2) identified 104 new Hemi-style gold targets and 66 structural targets, none drilled. Field work also confirmed lithium-tantalum-tin pegmatites near the Wodgina belt. Soil surveys and drilling are planned from November. It also says much of the earlier aircore drilling did not reach target depth.
6 Oct 2021regulatory community update● Neutral
NAE starts the 2021/22 New Zealand field season at Lammerlaw, with eight ridge and spur soil lines planned for October, four of them on new southern targets. Land access is secured for trenching at O.P.Q. from mid-November. Follows the July soil anomalies.
29 Sept 2021annual report● Neutral
Appendix 4G governance checklist lodged with the annual report, pointing to the company website for its corporate governance statement. Says NAE reviewed and adopted new governance policies during the year. Administrative filing with no new project or financial news.
29 Sept 2021annual report● Neutral
Annual report for the year to 30 June 2021 covers the Monterey acquisition, 2,400 km2 Pilbara holding, 37-hole drilling and NZ permit work. Directors remain Broome, Wellisch and Wing. Mostly restates earlier announcements; financial figures not visible in the text provided.
3 Sept 2021admin correction● Neutral
Cover note corrects the 27 August release: several results were wrongly transposed in Figure 2 and the indicative results because of an administrative error. The significant assay table was unaffected. The revised announcement is attached.
27 Aug 2021asset acquisition disposition▲ GoodMajor
NAE elected to buy the northern Pilbara tenements from Monterey, on revised terms, after the first-phase drilling. The program found unrecognised mafic-ultramafic rocks and low-level gold and base metal anomalies, best 2m @ 0.41g/t Au. Most targets are untested. Pilbara holding now totals 2,400 km2.
20 July 2021drilling result▲ Good
NAE applied for a 75 km2 exploration permit at Lammerlaw, the step needed before drilling. New infill soil assays show gold-arsenic anomalies 200m to 1,000m long, with one sample at 902ppb gold. NAE also sought a two-year extension of the prospecting permit.
13 July 2021regulatory community update● Neutral
Three more Quartz Hill licences covering 651 km2 have been granted. Because northern drill assays are still delayed at the lab, NAE and Monterey extended the option by 45 days to 24 August 2021, from 14 July.
16 June 2021regulatory community update▲ Good
Soil (234) and stream (8) sampling is finished on the southern Bullock Well and Quartz Hill licences, with assays pending. Three more Quartz Hill licences (547 km2) were granted. Northern drill assays are still pending.
7 June 2021drilling progress report● Neutral
The maiden Pilbara aircore program finished with 37 holes for ~1,159m, short of the 40 holes and ~2,800m planned. Several targets did not reach modelled depth and may need more drilling. Samples are at the lab; no assay results yet.
20 May 2021drilling progress report▲ Good
Maiden Pilbara aircore drilling restarts on the northern Hemi-style targets after the permit variation was approved, resolving the pause from early May. Up to 40 holes (~2,800m) still planned. The A$3.6m placement is cited as backing the program.
