6 Sept 2023agm notice● Neutral
Province schedules its AGM for 28 November 2023 and sets 16 September as the cut-off for director nominations. Administrative notice only.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 July 2023quarterly activities report● Neutral
June quarter: cash fell to A$15.58m from A$16.58m. GHD is also awarded a separate PFS for a smaller 200-250MW project inside Town Common (100-125kt/a green ammonia). Shares remain suspended pending re-compliance listing, which ASX may not approve. No Gnama or Skåne work.
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.
24 Apr 2023quarterly activities report● Neutral
March quarter report: cash A$16.58m, shares suspended, and ILUA negotiation begun with Yingaarda native title holders. Pascalle sale completed for a total A$200,000. Total Eren exclusivity lapsed 16 April, and a smaller Phase 1a is being considered. No Gnama or Skåne work.
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.
7 Mar 2023listing compliance notice● Neutral
ASX says Province's suspension will be lifted once it releases its HyEnergy announcement. Administrative notice ending the suspension that began on 21 February.
7 Mar 2023material agreement termination▼ BadMajor
The Total Eren binding term sheet expired on 16 February 2023 without a development agreement, ending the 50:50 partnership agreed in August 2022. Province will advance HyEnergy alone and says it is fully funded for pre-feasibility and definitive feasibility studies.
7 Mar 2023contract award▲ GoodMajor
GHD is appointed to run the downstream pre-feasibility study for HyEnergy, chosen from four bids, due Q3 2023. This is the PFS tender flagged late last year, now awarded. The upstream tender is almost complete.
23 Feb 2023listing compliance notice● Neutral
Province extends its voluntary suspension to 7 March 2023, saying it needs further time for its announcement on the Total Eren binding term sheet. Administrative only; no outcome disclosed.
21 Feb 2023listing compliance notice● Neutral
Province asks for a voluntary suspension pending an announcement on the Total Eren binding term sheet, expected by 23 February 2023. Administrative notice; no outcome given yet.
16 Feb 2023half year report● Neutral
Half-year report to 31 December 2022 shows a loss of A$2.65m, down from A$4.18m a year earlier. It recaps the Total Eren key terms, GHD site study, over 5,600 sq km tenure target and the PFS tender, with PFS award expected Q1 2023.
30 Jan 2023admin correction● Neutral
Replaces the first paragraph of the 27 January quarterly report to add that the long-form agreement with Total Eren, defining the 50:50 ownership, was still being progressed. The rest of the report is unchanged.
27 Jan 2023quarterly activities report▲ Good
December quarter report: two more pastoral agreements will lift the HyEnergy licensed area to over 5,600 sq km once issued. GHD's site verification found no fundamental issues with the downstream site. Gnama drilling remains planned for 1H 2023; Skåne still lacks a viable process.
1 Nov 2022drilling scheduled● Neutral
Province plans 6 deep RC holes at Gnama in 1H 2023, testing extensions of the mafic-ultramafic intrusion found in 2022. Heritage, flora and fauna surveys must be finished first. Southern Geoscience will review old EM surveys. No new results.
31 Oct 2022quarterly activities report● Neutral
September quarter report: binding Total Eren terms finalised, licensed area above 4,162 sq km, and GHD awarded a site verification study due December. The pre-feasibility study is out to tender, with completion targeted mid-2023. Gnama follow-up drilling planned for 1H 2023.
25 Oct 2022regulatory community update▲ Good
Province executes an agreement with the WA Government for another Section 91 licence covering 1,035 sq km south of Carnarvon. Total area under licence now exceeds 4,162 sq km, allowing feasibility studies on site for HyEnergy.
29 Sept 2022annual report● Neutral
Annual report for the year to 30 June 2022 shows a loss of A$8.75m, against A$14.5m the year before. It recaps HyEnergy progress, the three MoU extensions and the 22 August binding terms. Auditor is William Buck; cash is not shown in the text.
29 Sept 2022annual report● Neutral
Appendix 4G corporate governance checklist for the year to 30 June 2022, saying the governance statement is on the company website. Administrative filing with no new business information.
25 Aug 2022regulatory community update▲ GoodMajor
A further Section 91 licence over 2,217 sq km is issued, adding to 805 sq km already granted, so licences now exceed 3,000 sq km. Pastoral station agreements are also finalised. Talks continue with the WA Government on enduring tenure.
22 Aug 2022listing compliance notice● Neutral
ASX says the suspension of Province shares will be lifted once the company releases its announcement on the Total Eren joint development agreement. Administrative notice only; it ends the suspension that began on 15 August.
22 Aug 2022material agreement▲ GoodMajor
Province and Total Eren sign a legally binding term sheet for HyEnergy, settling a 50:50 project ownership structure. Total Eren leads development and financing; Province leads land access and permits. A shareholders' agreement is targeted within 8 weeks. This resolves the long-running MoU extensions.
22 Aug 2022joint venture update● Neutral
Provaris clarifies its 16 August announcement: what was delivered was a draft feasibility report for WA Government review, not a completed final study. It still covers exporting 200,000 tonnes a year of green hydrogen from HyEnergy. Public summary report is still being drafted.
19 Aug 2022listing compliance notice● Neutral
Province requests a further voluntary suspension because it still needs more time to finalise the Total Eren joint development agreement. Suspension is sought until the announcement or the start of trading on 22 August 2022, whichever is earlier.
16 Aug 2022joint venture update▲ Good
Provaris (not Province) reports its HyEnergy export feasibility study is complete and delivered to Province and Total Eren. It examined exporting 200,000 tonnes a year of green hydrogen by compressed shipping, focused on Singapore, and found no significant risks. David Frances calls the findings encouraging.
15 Aug 2022listing compliance notice● Neutral
Shares are suspended at Province's request, pending an announcement on the Total Eren joint development agreement for HyEnergy. The company's letter says it needs more time to finalise terms and asks for suspension until 19 August at the latest.