Past year: ▼ 35%(5.30c – 8.90c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
16 Nov 2016drilling spud● Neutral
A 1,000m large-diameter core drilling program began at Siviour to collect sample for metallurgical testing, including up to six holes in the expanded Indicated zones and up to six in higher-grade (+10% TGC) areas. Feeds the pre-feasibility test program; results released on completion.
14 Nov 2016investor presentation● Neutral
Presentation to the Graphite Supply Chain conference repeating the 60.8Mt Siviour resource and 99% TGC test results. Shows share price of $0.029 (10 Nov) and market value of $12.7M, down from $0.037 and $16.2M in October. No new results.
10 Nov 2016well test result▲ GoodMajor
Metallurgical tests on Siviour core SIV035 produced 99% TGC graphite concentrate by simple flotation, with 91% recovery, building on the earlier 87% recovery and 93% purity. Also made 94% TGC jumbo flake. Company stresses these are limited, preliminary tests. BatteryLimits appointed to manage pre-feasibility work.
31 Oct 2016quarterly activities report▲ Good
September quarter report recapping the EM surveys, the 31-hole drilling and the upgrade to 60.8Mt at 7.8% TGC. Early metallurgical tests on core SIV035 showed better recovery and purity than the earlier Paxtons core. Cash is about $2.7m. Mostly previously announced.
27 Oct 2016investor presentation● Neutral
Presentation to the SA Chamber of Mines repeating the 60.8Mt resource upgrade. Shows 438.1m shares, a $0.037 share price on 26 October and $16.2m market value, with $2.1m cash at 30 September plus $0.9m of additional placement proceeds. No new results.
26 Oct 2016resource reserve update▲ GoodMajor
Siviour resource nearly quadrupled from 16.8Mt at 7.4% TGC to 60.8Mt at 7.8% TGC, holding 4.7Mt of contained graphite, including 22.2Mt at 10.0%. Resolves the pending upgrade after the drilling. Company says it is funded with about $2.7m cash; the deposit remains open.
14 Oct 2016capital raising announcement● NeutralMajor
Bizzell Capital Partners will use its right to place up to 20m shares at $0.03 to raise up to $600,000. BCP, linked to chair Stephen Bizzell, intends to take part, subject to shareholder approval at the AGM. Funds go to Siviour and working capital.
What it means for a shareholder
20.0m new shares at A$0.030 to raise about A$600,000. That's 4.5% dilution: every existing holder's slice gets 4.5% smaller. If you held A$1,000 of shares (33,333 at the issue price), your slice goes from 0.0078% to 0.00745% of the company. To keep it you'd need 1,560 more shares - about A$47 at the issue price.
Create a free account to see this worked out for your own holding.
12 Oct 2016admin correction● Neutral
Appendix 4G and 2016 Corporate Governance Statement lodged alongside the annual report. Administrative compliance filing with no new information on the business.
12 Oct 2016annual report● Neutral
2016 annual report recapping the year: the Arno graphite acquisition, the Siviour discovery, and the March resource of 16.8Mt at 7.4% TGC. Says a scoping study is expected later this year. Largely repeats known facts; no new results.
5 Oct 2016capital raising announcement▲ GoodMajor
72% of the listed 3-cent options were exercised, raising $1,394,633 from 46.5m options. The underwriter placed the 17.87m-share shortfall at $0.03, adding $536,151, for about $1.93m total to accelerate Siviour development and working capital.
30 Sept 2016annual report● Neutral
Full-year statutory accounts for the year to 30 June 2016, opening with the directors' report and director biographies. The text provided is truncated and shows no financial figures, so no new information can be stated here. Same content is released in the annual report on 12 October.
5 Sept 2016security holder rights change● Neutral
Notice to holders of the listed 3-cent options, which expire 30 September 2016. Quotation ceases 26 September. Holders can exercise, sell or let them lapse; the underwriter will cover unexercised options. Shares closed at 3.7 cents on 31 August. Routine required notice.
5 Sept 2016capital raising announcement▲ GoodMajor
Renascor signed an underwriting deal with Bizzell Capital Partners, linked to chair Stephen Bizzell, guaranteeing $1.9m from the 3-cent options expiring 30 September. BCP may also place up to $600,000 of shares by 14 October, with fees of 6% and 5%. This resolves the open question of funding after option expiry.
1 Sept 2016asset acquisition disposition▲ GoodMajor
Renascor exercised its option to buy the remaining 51% of Eyre Peninsula Minerals, which holds the option over the Arno graphite project, taking it from 49% to 100%. Payment is 42.07m shares (valued $2.04m) and 15m $0.05 options, subject to shareholder approval at the AGM.
29 Aug 2016drilling result▲ GoodMajor
Final assays from the 31-hole program show thick shallow graphite east of the Indicated Resource (e.g. 35m at 8.7% TGC) and confirm at least 1km of continuity to the west. A revised JORC resource is expected after modelling, which could expand the current 16.8Mt.
22 Aug 2016drilling result▲ GoodMajor
First assays from 14 western holes at Siviour give the highest grades yet, up to 26.0% TGC, and confirm the graphite body extends at least 1km west of the Indicated Resource. Remaining assays are due within two weeks, then resource modelling begins.
12 Aug 2016drilling result▲ Good
Siviour reverse circulation program of 31 holes (2,100m) finished; by visual inspection 21 of 23 western holes hit significant graphite, and six of eight eastern holes did too. Suggests the mineralised body extends about 1km west and two zones about 1km east. Assays pending.
29 July 2016quarterly activities report● Neutral
June quarter report recapping Siviour diamond assays (up to 20.5% TGC) and the EM survey. Cash was about $815,000 at 30 June, excluding $589,000 received 11 July from a $1.3m capital raising completed that month. No new results.
22 July 2016director officer appointment▲ Good
Richard (Dick) Keevers, a mining veteran with Newmont and Broken Hill South experience, joins as non-executive director. He also chairs Eyre Peninsula Minerals, in which Renascor holds 49% with an option on the remaining 51% by 21 December 2016.
21 July 2016drilling spud▲ Good
Drilling restarted at Siviour: up to 3,000m of reverse circulation holes testing the new EM anomalies, west of the Indicated Resource first. Runs to early August, with assays two to three weeks later. Aims at a possible resource upgrade.
21 July 2016investor presentation● Neutral
Noosa conference presentation repeating the Siviour story. Shows 363.0m shares, 64.4m options at $0.03, $0.026 share price (14 July), $9.4m market value and $790k estimated cash. No new results.
18 July 2016drilling result▲ Good
Ground EM surveys at Siviour found conductivity anomalies, including a western one in the Inferred Resource that the company says is about ten times more conductive than the Indicated area. Company sees potential for higher-grade or thicker graphite; drilling to start this week. Targets are unproven until drilled.
15 July 2016admin correction● Neutral
Re-release of the 14 July drilling announcement, adding the Siviour resource table (16.8Mt at 7.4% TGC) to comply with JORC clause 26. Administrative; no new results.
14 July 2016drilling result▲ GoodMajor
Diamond core assays at Siviour confirm shallow, high-grade graphite, up to 20.5% TGC, including 27m at 13.3% (SIV035). Hole SIV034 in the Inferred zone graded above the resource average of 6.9%, suggesting a possible upgrade. Follows the June diamond program whose assays were pending.
11 July 2016admin correction● Neutral
Re-release of the 30 June presentation with extra disclosures required by ASX Listing Rule 5.23 and a corrected image. Administrative; no new information.
30 June 2016investor presentation● Neutral
General meeting presentation repeating the Siviour story. Shows 284.5m shares, estimated cash $790k at 28 June plus $589k conditional placement proceeds, $0.017 share price and $4.8m market value. No new results.
22 June 2016farm in farm out completion▲ GoodMajor
Renascor completed its $400,000 earn-in for 20% of Eyre Peninsula Minerals and exercised the option for a further 29% via 38.67m shares, taking it to 49% subject to the 30 June meeting. A final 51% option, about $2.04m of shares plus 15m options, runs to 21 Dec 2016.
16 June 2016dividend declaration▲ Good
Renascor will pass on $248,334 of Exploration Development Incentive tax credits to eligible shareholders on 29 June 2016, about 0.0873 cents per share on 284.5m shares (record date 30 May). Applies to the 2015-16 tax year; the company's carry-forward losses fall accordingly.
7 June 2016drilling result▲ Good
Diamond program finished: four holes, about 225m, in Siviour's Indicated and Inferred zones, each hitting substantial graphite. No assay numbers yet; due later this month. Core will feed metallurgical tests and may support a resource upgrade.
19 May 2016drilling spud● Neutral
Large-diameter diamond drilling began at Siviour, up to 400m, to get core for metallurgical testing and twin existing holes. Finishes in about two weeks, assays two to three weeks later. Reverse circulation expansion drilling follows next month.
