21 Mar 2025registration revoked● NeutralMajor
ASX removes Province from the Official List at close of trading on 21 March 2025, at its own request. Shares, suspended since April 2023, are expected to resume trading on the NSX from 24 March.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Mar 2025listing compliance notice▲ Good
Province says it has met the conditions for delisting from ASX on 21 March and NSX quotation on 24 March 2025. It must lodge quarterly reports on the NSX and adopt an NSX-compliant constitution at its next general meeting.
17 Mar 2025listing compliance notice● Neutral
Shareholder letter sets the timetable: removal from ASX on 21 March 2025 and NSX quotation on 24 March. Future plans are stated as continuing HyEnergy development, not the gold or minerals relisting previously discussed. Shares stay suspended on ASX meanwhile.
5 Mar 2025listing compliance notice● NeutralMajor
ASX has approved Province's request to delist, and it has applied to list on the NSX, expecting trading in the March quarter. Shares have been suspended since April 2023 and ASX would not accept HyEnergy for relisting. This reverses the August 2024 minerals-relisting plan.
14 Feb 2025director officer appointment● Neutral
Non-executive director Kylah Morrison resigns effective 24 February 2025, leaving the board with Wall, Frances and Martin. No reason given.
7 Feb 2025half year report● Neutral
Half-year to 31 December 2024: loss A$1.20m (prior period A$1.08m). HyEnergy's initial opportunity is described as lost over State tenure delays, but kept in readiness. Project evaluation for a listing pathway continues; Scandinavian vanadium subsidiaries are being wound up.
22 Jan 2025listing compliance notice● Neutral
ASX periodic list of entities suspended over three months. The excerpt shown does not display Province's entry. Administrative notice with no Province-specific information readable.
18 Oct 2024listing compliance notice● Neutral
ASX periodic list of entities suspended over three months. The excerpt shown does not display Province's entry. Administrative notice with no Province-specific information readable.
20 Sept 2024annual report● Neutral
FY24 annual report: loss A$2.66m (FY23 A$8.26m), cash A$10.16m, net assets A$10.66m. Repeats the view that HyEnergy's initial opportunity was lost over tenure delays and that the board is seeking a minerals-based relisting.
20 Sept 2024annual report● Neutral
Appendix 4G governance checklist lodged with the annual report, pointing to the governance statement on the company website. Administrative, no new information.
27 Aug 2024other▼ BadMajor
Province says the State Government failed to offer acceptable tenure, so the initial HyEnergy opportunity is lost. HyEnergy will be kept in readiness, but the board will seek a relisting through a return to minerals exploration. A strategy change after the hydrogen focus.
26 July 2024quarterly activities report▼ BadMajor
June quarter: after three years of talks with the State on tenure, there is still no satisfactory outcome, so Province has limited HyEnergy work until there is a clear path forward. It is investigating ways to get shares trading again. Cash A$10.16m.
10 July 2024listing compliance notice● Neutral
ASX list of entities suspended over three months. The excerpt shown does not display Province's entry, so no Province-specific deadline can be read. Province's shares have been suspended since April 2023. Administrative notice.
30 Apr 2024quarterly activities report▼ BadMajor
March quarter: Province puts its HyEnergy environmental referral on hold for six months, citing a A$900,000 EPA assessment fee (80% upfront) and no timeline for Section 88 tenure. Cash fell to A$10.88m (from A$11.83m). Gnama targeting continues.
13 Mar 2024half year report● Neutral
Half-year to 31 December 2023: loss A$1.08m (prior period A$2.65m). Wall replaced Burke as Chairman on 28 November. 45.05m performance rights were issued to directors on 20 December, with milestones running to 2027.
29 Jan 2024regulatory community update▲ Good
Carnarvon Shire starts a scheme amendment to rezone 6,222 ha of Town Common to 'Strategic Infrastructure', the planned Phase 1 site. It still goes to the Planning Minister and EPA before advertising, so it is not yet approved.
16 Jan 2024regulatory community update▲ GoodMajor
Province refers HyEnergy, both the smaller Town Common phase and the large multi-station project, to WA's Environmental Protection Authority, starting formal environmental approval. It builds on nearly three years of surveys.
6 Nov 2023regulatory community update▲ GoodMajor
Province gets a two-year access licence over 864 ha of seabed for the planned port 20km north of Carnarvon, plus another Section 91 licence. Licences now total more than 600,000 ha across six pastoral stations and the Town Common. Secure tenure is still being sought.
1 Nov 2023other▲ Good
Province has the final GHD PFS report for the smaller initial-phase commercial project, being prepared for ASX submission. The larger project's downstream work is done and Aurecon's upstream report is due. No PFS results or economics are disclosed yet.
26 Oct 2023director officer appointment● NeutralMajor
Corporate lawyer Peter Wall will become Chairman after the 28 November 2023 AGM, replacing Pat Burke, who resigns as a director. Wall's experience is cited for the re-compliance listing; the AGM will vote on performance rights for him.
27 Sept 2023annual report● Neutral
Appendix 4G corporate governance checklist lodged with the annual report; points to the governance statement on the company website. Administrative, no new information.
27 Sept 2023annual report● Neutral
FY23 annual report: loss A$8.26m (FY22 A$8.75m). Shares stay suspended; re-compliance application is now tied to a completed PFS, secure tenure, funding, an executed ILUA and an offtake agreement. Province is talking to other partners and offtakers after Total Eren.
11 Sept 2023regulatory community update● Neutral
PFS work is nearing completion: GHD's downstream draft is in, Aurecon's upstream draft is due, and all PFS results are now expected in Q4 2023 (previously Q3). An option to lease over Town Common is close to final.
26 June 2023regulatory community update▲ Good
A new 168-hectare Section 91 licence covers land beside the planned marine facilities at Town Common, and the Carnarvon shire MoU is extended to 22 December 2023. Frances's base pay is A$362,500, rising to A$450,000 if a positive PFS is signed off and a DFS decision is made by 31 March 2024.
8 May 2023contract award▲ Good
Aurecon is appointed to run the upstream HyEnergy pre-feasibility study, covering wind and solar generation and transmission, alongside GHD's downstream work. Both studies are expected to finish in Q3 2023.
6 Apr 2023listing compliance notice▼ BadMajor
Province's shares are suspended at its request. ASX requires the proposed acquisition to be approved by shareholders and Province to re-comply with Chapters 1 and 2 of the Listing Rules. Suspension continues until ASX is satisfied the required information is out.
6 Apr 2023listing compliance notice▼ BadMajor
Province and ASX agree HyEnergy is now its main undertaking, a change in the nature and scale of activities. Shares stay suspended while the PFS (both parts due about July 2023) is completed, after which Province will seek a re-compliance listing.
29 Mar 2023other▲ Good
Site verification study finds no 'showstoppers' at the Town Common site, about 20km north of Carnarvon, preferred over Bejaling Shoals. Further risk work is left to the GHD PFS. Province aims to progress approvals and long-term tenure during 2023.
8 Mar 2023regulatory community update● Neutral
A roughly two-week marine geophysical survey starts to support a proposed port about 20km north of Carnarvon, near the Town Common. Talks are under way with the WA Department of Transport. Offtake solution is still not finalised.
8 Mar 2023investor presentation● Neutral
Transcript of the 7 March investor call. The CEO says the Total Eren split reflected differing focus, and a Section 88 tenure application is before government, which could take up to six months. Repeats known facts.