Past year: ▼ 35%(5.30c – 8.90c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
11 July 2013regulatory community update▲ Good
Airborne EM at Eastern Eyre found strong conductors overlapping earlier geochemical and gravity anomalies, which the company likens to Rex Minerals' Hillside. Defence access approval has been issued; South Australian work program approval is still awaited before drilling.
20 June 2013material agreement▲ GoodMajor
Renaissance signed a Deed of Access with the Department of Defence allowing exploration on Eastern Eyre's EL 5012. This clears a long-standing access hurdle; drilling is hoped for early next quarter, after final approvals, later than the April-May target.
3 June 2013drilling spud▲ GoodMajor
Drilling began 31 May at Kokatha, about a week late due to weather and rig availability, before moving to Sherrys and Tanners Dam; 1,200 m total through mid-June. A new IP survey showed a possible conductor south of the earlier Kokatha holes.
21 May 2013investor presentation● Neutral
Symposium presentations on Eastern Eyre repeating known facts: cash $3.1m at 31 March, share price $0.050 on 15 May (market cap $5.7m). Eastern Eyre now listed with a third licence application, ELA 12/263. No new results.
29 Apr 2013drilling scheduled● Neutral
Sherrys Dam and Tanners Dam drilling slips from March to the third week of May, up to 1,200 m, so a Kokatha induced polarisation survey can first be assessed and possibly drilled alongside, saving rig costs. Kokatha's best earlier hit was 2 m at 0.1% Cu.
13 Mar 2013half year report● Neutral
Half-year accounts to 31 December 2012 show a loss of $194,295 (prior period $18,911), helped by other income. The report repeats operational highlights already announced. No new events.
4 Mar 2013drilling scheduled▲ GoodMajor
Gravity surveying at Eastern Eyre found a standout anomaly at Nilginee (at least 3 milliGal over about 3 sq km), now a first-priority target. Drilling there and at 1050 East, 1050, Quondong and Malachite is scheduled for April-May 2013. Follows the gravity survey flagged earlier.
27 Feb 2013drilling scheduled● Neutral
Drilling is planned for March at the 100%-owned Sherrys Dam (copper-gold skarn target) and Tanners Dam (uranium, part-funded by the PACE grant): up to four RC holes, 750 m. Approvals are in place. This is the Tanners Dam drilling flagged earlier, now joined by a new Sherrys Dam target.
22 Feb 2013investor presentation● Neutral
Copper-focused investor deck repeating known facts: Eastern Eyre targets (1050 East 40 m at 0.37% Cu), gravity survey due to finish February 2013, cash $3.9m at 31 December, share price $0.053 on 20 February (market cap $6.1m). No new results.
31 Jan 2013drilling result▲ GoodMajor
Gairdner's maiden drilling found copper with IOCGU-style hematite alteration at Kokatha, anomalous silver at Freshwater and elevated nickel at Border. Follow-up is planned: deeper Kokatha holes, soil work and airborne EM. This is a partial positive after the earlier magnetic-target setback; no grades are shown in the extract.
15 Jan 2013drilling scheduled▲ Good
Further Eastern Eyre copper targets defined from old data (Quondong, Malachite West, with +500 ppm copper) plus an ironstone sample with 0.16% Cu over a magnetic body comparable to Rex Minerals' Hillside. Gravity surveys have begun; first-pass drilling due early 2013.
30 Nov 2012security holder rights change● Neutral
37,170,999 shares come out of ASX escrow and can be traded from 17 December 2012, and 10.45m unlisted $0.24 options are released on 15 December. This is the escrow release flagged earlier; it could add selling supply (inference).
30 Nov 2012investor presentation● Neutral
AGM presentation repeating known facts: Gairdner assays pending, Eastern Eyre and Olary next, cash about $4.5m at 30 September, share price $0.056 on 28 November (market cap $6.4m). No new results.
27 Nov 2012drilling scheduled▲ Good
New copper drill targets defined at Eastern Eyre from historical core and geophysics, including 1050 East (historic 40 m at 0.37% Cu) and untested gravity and magnetic anomalies. Detailed geophysics planned for December, first-pass drilling early 2013. Targets only, no new drilling.
19 Nov 2012drilling scheduled● Neutral
Drilling restarts at the 100%-owned Olary Project, at Heinrichs: up to four reverse circulation holes, up to 500 m, testing oxide gold and magnetic copper targets. Follows the December 2011 holes (4 m at 0.35 g/t Au). Assays expected mid-December.
15 Nov 2012investor presentation● Neutral
Managing Director's presentation to the SA Chamber of Mines repeating known facts: Gairdner assays pending, cash about $4.5m at 30 September, share price $0.050 on 14 November (market cap $5.7m). Company says it trades near cash backing.
9 Nov 2012admin correction● Neutral
Addendum to the 2012 annual report, following an ASX query, disclosing the company has no formal diversity policy and does not comply with the related recommendations. Women are 2 of 9 staff, none on the board; a policy is intended this financial year.
2 Nov 2012investor presentation● Neutral
Investor update repeating known facts: Gairdner first-pass drilling finished 1 November with assays pending (December), cash about $4.5m at 30 September, share price $0.081 on 31 October (market cap $9.3m). Lists Eastern Eyre, Olary, Warrior and Cowell as drill pipeline.
2 Nov 2012drilling result▼ BadMajor
Gairdner's nine holes (about 1,200 m) are finished. Holes at the magnetic targets hit magnetite-bearing mafic volcanics with limited sulphides, which the company says discounts the likelihood of finding iron-oxide copper-gold-uranium deposits there. Silver-target holes showed epithermal-style alteration; assays are due early December.
30 Oct 2012regulatory community update▲ Good
Two new exploration licence applications approved either side of the White Dam gold mine, extending the 100%-owned Olary Project. They sit along-strike from soil gold anomalies peaking at 161 ppb; infill sampling comes next, then scout drilling at Heinrichs.
23 Oct 2012drilling spud● NeutralMajor
Drilling about to start at Gairdner on the Kokatha and Border iron-oxide copper-gold-uranium targets: eight reverse circulation holes, about 2,000 m, with approvals and a rig in place. This is the 'company maker' test flagged in earlier updates.
22 Oct 2012drilling result▲ Good
The airborne survey at Cowell found multiple strong conductors, including two the company interprets as along-strike from Archer's Wilklow graphite prospect. Shallow drilling is expected in 2013. These are geophysical targets only, not confirmed graphite.
18 Oct 2012regulatory community update▲ GoodMajor
Exploration licence EL 5012 granted in the Eastern Eyre Peninsula after a long delay tied to the Defence Department's Cultana Training Area; it was first applied for in March 2009. A gravity survey comes next, with drilling of iron-oxide copper-gold-uranium targets targeted for early 2013.
27 Sept 2012annual report● Neutral
Annual report for the year to 30 June 2012, the first full year as a listed company. The chairman says progress has not been reflected in the share price and points to upcoming drilling at Gairdner, Olary and Warrior. Financial detail not shown in the extract.
25 Sept 2012drilling progress report● Neutral
Helicopter airborne electromagnetic survey starts over graphite targets at Cowell (EL 3978, earning 75%), along-strike from Archer Exploration's Wilklow prospect. Flying takes about three days, then a two to four week processing period; next steps follow the results. Follows the earlier graphite data review.
18 Sept 2012investor presentation● Neutral
Investor update repeating known facts: Gairdner drilling due to start October 2012, 114.8m shares, cash about $5.1m at 30 June, share price $0.042 (market cap $4.8m). Lists Warrior and Cowell graphite among projects to be drill tested.
4 Sept 2012asset acquisition disposition▲ GoodMajor
Binding deal to acquire EL 4570, covering most of the historic Warrior uranium project in the Central Gawler Craton, from a Stellar Resources subsidiary (the same group behind the Pirie Basin JV), in return for a 1% net smelter royalty. Seven mineralised zones were drilled in the 1970s; work starts with a data review.
31 Aug 2012asset acquisition disposition▲ Good
Completes the Frome Basin acquisition announced 26 July: eleven licences, about 4,000 km2, acquired for 800,000 shares issued to Callabonna as nominee on 31 August. Management plans to review existing data over the next few months to pick targets.
20 Aug 2012drilling scheduled▲ GoodMajor
Gairdner gravity surveys show large-volume IOCGU-style targets at Border and Kokatha, and infill sampling lifts the Kokatha soil silver peak to 970 ppb. Reverse circulation drilling of copper-gold-uranium targets is planned later this quarter, then air core or rotary air blast drilling for silver.
17 Aug 2012drilling result▲ Good
Soil sampling at Outalpa (EL 4399, 100%-owned), next to Cutana, defines three gold zones west of White Dam, peaking at 161 ppb at Duckpond, the highest soil gold from the company's Olary work. Infill sampling comes next, before drilling.
