Each one in plain English, with the numbers worked through for a shareholder.
28 Nov 2013investor presentation● Neutral
Second conference presentation repeating the Eastern Eyre story and corporate profile (114.8m shares, $2.2m cash at 30 September, $0.047 share price). Adds a point on shallow cover to basement. No new results.
Diamond drilling at 1050 East hit sulphide in all three holes completed so far (376 m of the program). EEDD009 suggests the zone continues south at least 700 m. Assays are expected within two weeks; copper grades are not yet reported.
Conference presentation repeating known Eastern Eyre copper-cobalt-silver story and corporate details: 114.8m shares, cash $2.2m at 30 September, share price $0.047 (market cap $5.4m). Diamond drilling is in progress. No new results.
Renaissance Uranium plans to rename itself Renascor Resources at its 29 November AGM, to reflect a multi-commodity focus led by the Eastern Eyre copper-cobalt-silver discovery. New name effective about 9 December if shareholders approve.
A 1,000 m diamond drilling program started at 1050 East on 13 November to test depth and strike extensions of the copper-cobalt-silver zone, including below EERC003, which stopped at 216 m in mineralisation due to groundwater. Completion is expected in about four weeks, with assays three to four weeks later.
September quarter: cash about $2.2m, down from $2.7m. Repeats the 1050 East result of 44 m at 0.61% Cu, the IP sulphide zone, and the Currie option expanding Eastern Eyre. No new results.
An induced polarisation survey found a broad sulphide zone extending east of the 1050 East copper-cobalt-silver hits, and a strong anomaly on the Angle Dam Fault 600 m south. Diamond drilling is planned this quarter. Geophysical indication only; the company says it cannot link total sulphides to copper.
Presentation repeating the 1050 East copper-cobalt-silver result. Corporate details: 114.8m shares, cash $2.7m at 30 June, share price $0.043 on 16 October (market cap $4.9m). Lists EL 5236 as a third 100% licence. No new results.
Assays confirm a copper-cobalt-silver zone at 1050 East: 44 m at 0.61% Cu, 311 ppm Co and 24 ppm Ag to end of hole in EERC003 (including 2 m at 3.5% Cu). Two other holes also hit. Grade and width rise with depth; diamond drilling is planned. Resolves the earlier wait for assays.
8 Oct 2013asset acquisition disposition▲ GoodMajor
Renaissance took a two-year option over two licence applications held by Currie Resources, covering 314 sq km north and east of Eastern Eyre and the northern Roopena Fault extension. It pays $25,000 and issues 500,000 shares; exercise is worth $175,000 in cash or shares, less the initial shares' value.
First Eastern Eyre program finished: seven RC holes, 1,150 m. Four holes at 1050 East hit a sulphide zone about 300 m by 30-50 m, up to 50% pyrite with some chalcopyrite. Copper grades await assays; Malachite was not conclusively tested due to groundwater.
Annual report to 30 June 2013. The chairman notes a difficult year for explorers and a share price not reflecting progress, and says initial Eastern Eyre assays are awaited. Financial detail is not in the extract; no new events.
All approvals are now in hand and a rig is contracted to start next week on a 1,400 m initial Eastern Eyre program, led by 1050 East. This ends the wait for state work program approval flagged since June.
June quarter: cash about $2.7m, down from $3.1m. Eastern Eyre airborne EM found strong conductors and Defence access is final; drilling awaits state work program approval. Gawler Range drilling found only weakly anomalous mineralisation; Farina has sedimentary copper targets.
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.
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.
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.
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.
March quarter: cash about $3.1m, down from $3.9m. Eastern Eyre gravity targets defined and heritage clearance completed, with drilling expected this quarter; Sherrys/Tanners Dam drilling moved to May; Olary soil sampling found gold zones.
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.
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.
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.
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.
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.
December quarter: cash about $3.9m, down from $4.48m at 30 September. Repeats Eastern Eyre target definition and gravity survey, the Gairdner Kokatha copper intercept, and the two new Olary licences.
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.
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.
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).
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.
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.