Each one in plain English, with the numbers worked through for a shareholder.
29 July 2022joint venture update● Neutral
Province says Total Eren joint development agreement talks are drawing to a conclusion. The MoU is extended a further 10 days to 10 August 2022. The CEO says negotiations have taken longer than hoped but should conclude soon.
26 July 2022quarterly activities report● Neutral
June quarter report restates the 5 July native title consents (870 sq km), the 120m met mast and four SODARs, and the MoU extension to 31 July. Gnama DHEM found no clear off-hole anomaly in two holes; focus moves to re-reviewing old EM surveys. Skåne has no viable process.
8 July 2022price query● Neutral
ASX queried a rise from A$0.058 to A$0.105 and heavier volume since 5 July. Province said it knew of no undisclosed information and pointed to the 5 July native title consents announcement as the explanation.
5 July 2022regulatory community update▲ GoodMajor
Two native title groups, NTGAC and YAC, formally consent to Section 91 licences across 870 sq km around Carnarvon, a prerequisite for the State to issue them. It allows talks on an Indigenous Land Use Agreement. Pastoralist consultation and final tenure remain open.
21 June 2022drilling result● Neutral
Gnama South RC drilling hit mafic intrusive rock in all 3 holes, with a geochemical signature similar to the Eye intrusion hosting IGO's Nova-Bollinger, and bedrock sulphur averaging 0.5%. No nickel sulphide mineralisation is reported. Further RC and diamond drilling is approved.
16 June 2022other● Neutral
Two director interest notices. David Frances exercised 10m vested performance rights into 10m ordinary shares for nil consideration, leaving 20m rights. Roger Martin's 5m performance rights, approved at the 25 November 2021 AGM, were issued on 1 December 2021.
2 June 2022security holder rights change● Neutral
56,250,000 Class B Performance Shares issued to the Skåne vendors in 2018 have expired, because no preliminary feasibility study for Skåne was published within 42 months of relisting. This follows the May testwork setback; no shares convert.
31 May 2022joint venture update● Neutral
A 120m meteorological mast is operating at Carnarvon, and two more wind-measurement SODAR units bring the total to four. The Total Eren MoU is extended again, to 31 July 2022, as the joint development agreement is still not finalised.
27 May 2022resource reserve update▼ BadMajor
Metallurgical testwork found no viable process option for the Skåne vanadium mineralisation, as the vanadium sits in muscovite and flotation failed. The planned economic study is deferred. A Swedish court rejected appeals against the 10-hole Tomelilla drilling approval. The 116.9Mt resource is unchanged.
14 Apr 2022quarterly activities report● Neutral
March quarter report: HyEnergy scoping study completed, with pre-feasibility study targeted for completion in H1 2023. The Total Eren MoU was extended to 31 May 2022 to finalise a joint development agreement. Gnama drilling is complete, with assays pending.
15 Mar 2022half year report● Neutral
Half-year accounts to 31 December 2021 show a loss of A$4.18m, against A$0.71m a year earlier. The period covered completion of HyEnergy scoping activities, the Section 91 licence and GEV export study work. Auditor is William Buck; the text shown does not give cash.
4 Mar 2022drilling progress report● Neutral
Gnama drilling is finished: 870m in 3 RC holes beyond 250m depth, plus 29 air core and 4 shallow RC holes at Gnama North. Downhole electromagnetic surveys are done; assays are expected in about eight weeks. No results yet; follow-up drilling is approved.
2 Mar 2022other▲ GoodMajor
Scoping study for the HyEnergy green hydrogen project with Total Eren is completed, a two-phase 4GW plus 4GW concept with 2.6GW of electrolysers per phase, clearing the way for a pre-feasibility study. It resolves the open scoping thread, triggers Class A milestones, and starts joint development agreement talks. No cost estimates are given.
17 Feb 2022drilling spud● Neutral
Reverse circulation drilling starts at Gnama South in the Fraser Range: 3 holes to a maximum 300m each, testing below an old nickel-copper anomaly (20m @ 0.57% Ni). Downhole electromagnetic surveys follow. Further drilling is approved if results are positive.
20 Jan 2022quarterly activities report● Neutral
December quarter report: HyEnergy scoping activities are completed, with a summary to be released. Lead agency status was granted. The Gnama North air core program finished at 891m, against the 2,000m announced at start.
20 Dec 2021regulatory community update▲ GoodMajor
The WA Government awards HyEnergy lead agency status, with the jobs and innovation department to guide approvals. This resolves the open lead-agency application. Province says the scoping study with Total Eren is close to complete, and it has opened a Carnarvon office.
20 Dec 2021admin correction● Neutral
Share registry Automic has moved its Perth office to 191 St Georges Terrace. Administrative notice only; no business information about Province.
14 Dec 2021drilling spud● Neutral
Phase 1 air core drilling begins at Gnama North, about 2,000m on one tenement, smaller than the roughly 3,200m originally planned. Results are expected Q1 2022. Gnama South drilling is now expected in the first half of 2022 after approvals.
14 Dec 2021joint venture update● Neutral
GEV reports its HyEnergy export study design phase is complete, engineering starts January 2022 and completion is due in the June 2022 quarter. The A$300,000 grant agreement is signed. Province led the application for the new Gascoyne hydrogen innovation cluster.
9 Dec 2021resource reserve update● Neutral
Province restarts work on its Skåne vanadium project in Sweden, with metallurgical testwork then a Micon scoping-level economic study. Testwork is due Q1 2022 and the study Q2 2022. The existing resource of 116.9Mt at 0.39% V2O5 is unchanged; no new drilling.
23 Nov 2021director officer appointment▲ Good
Province appoints Cameron Bateman as Chief Development Officer. He is an engineer with 30 years' experience, including 2006 to 2020 at Woodside Energy, and will help drive development of HyEnergy.
18 Nov 2021regulatory community update▲ Good
Province welcomes the WA Government's proposed new 'diversification lease' for green hydrogen projects, which would add a tenure option for HyEnergy. The changes are proposed and the government will consult stakeholders. Province will keep pursuing tenure under existing law.
28 Oct 2021quarterly activities report● Neutral
September quarter report: HyEnergy scoping continued under the Total Eren MoU, with the Section 91 licence granted and flora surveys done. Gnama North air core Programme of Work was approved, awaiting Ngadju heritage surveys. Gnama South still awaits its flora report.
21 Oct 2021agm notice● Neutral
Letter to shareholders on the AGM, now set for 25 November 2021 at 2pm WST, in person or virtual. This is a date change from the 30 November previously scheduled. Proxies are due 23 November. Administrative notice only.
8 Oct 2021drilling scheduled● Neutral
Fauna survey fieldwork at Gnama South is finished. The Programme of Work still awaits the flora report, and heritage surveys with the Ngadju are being planned. An RC and diamond program targets nickel-copper below historic holes such as 20m @ 0.57% Ni; no start date.
7 Oct 2021joint venture update● Neutral
Global Energy Ventures says its HyEnergy export feasibility study has started, with WSP as lead, ERM on environment and Oropesa on offshore terminal design. Completion is expected in the June 2022 quarter. It follows the August MoU and the WA grant.
1 Oct 2021other● Neutral
Appendix 4G corporate governance checklist for the year to 30 June 2021, pointing to the governance statement on the company website. Administrative filing with no new business information.
1 Oct 2021annual report▼ Bad
Annual report for the year to 30 June 2021 shows a loss of A$14.5m, against A$1.7m the prior year. It confirms the Ozexco purchase for 50m shares at A$0.015 (A$750,000) plus 50m performance shares tied to HyEnergy milestones.
20 Sept 2021agm notice● Neutral
Province schedules its annual general meeting for 30 November 2021. Director nominations close 30 September 2021. Administrative notice only.
16 Sept 2021asset acquisition disposition● NeutralMajor
Province agrees to sell its Pascalle gold project in the Paterson to Greatland Gold for a total of A$400,000: A$50,000 for one licence and an option for A$350,000 over the rest. This resolves the open question over Pascalle and lets the company focus on HyEnergy, Fraser Range and Sweden.
