Past year: ▼ 35%(5.30c – 8.90c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Nov 2013drilling progress report▲ Good
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.
13 Nov 2013drilling spud▲ Good
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.
28 Oct 2013drilling result▲ Good
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.
15 Oct 2013drilling result▲ GoodMajor
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.
30 Sept 2013drilling result▲ GoodMajor
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.
10 Sept 2013drilling scheduled▲ GoodMajor
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
11 July 2012drilling result▲ GoodMajor
Cutana scout drilling (29 holes, 3,134 m) returned gold at Pinery, up to 6 m at 0.73 g/t in oxide and 2 m at 0.89 g/t in primary rock, and 8 m at 0.32 g/t at Tepco. Follows the 2011 Heinrichs results; the company says potential remains high, with sampling and geophysics next.
17 May 2012drilling result▲ Good
Completed soil sampling at Gairdner defines three silver prospects (Peninsula, Border, new Kokatha in EL 4675), with peaks of 130 to 330 ppb. Builds on the 30 April results; infill sampling is underway, with drilling to follow.
30 Apr 2012drilling result▲ GoodMajor
First Gairdner soil results show five silver anomalies (peaks of 150 to 330 ppb, up to about 2.5 km2) over inferred Gawler Range Volcanics, which the company says compares favourably with Investigator's Paris discovery. Infill sampling comes first, with drilling possible this or next quarter.
20 Apr 2012farm in farm out completion▲ GoodMajor
Renaissance elects to continue the EL 3978 joint venture with Hiltaba Gold (Stellar), having spent over $500,000, and will issue 750,000 shares and 750,000 options. It can then earn 75% by spending about $2.5m more within four years.
11 Apr 2012drilling scheduled● Neutral
Cutana reverse circulation drilling restarts this week and is expanded to include the Pinery prospect (three traverses of five holes), plus eight more holes at Heinrichs and 13 at Larry Macs. Total program is about 5,700 m, running through May, with follow-up planned for June.
5 Apr 2012drilling result● Neutral
Four Glensea core holes completed; all showed visible sulphides in narrow veins, with visible copper sulphides in two of the four. A fifth hole failed to reach basement at 205 m. Assays due later in April will decide next steps; no grades yet.
15 Mar 2012drilling scheduled● Neutral
A rig is contracted to resume diamond-core drilling at Glensea, testing five gravity and magnetic copper-gold-uranium targets within EL 3978, starting later this month and taking about three weeks. Follows the 2011 hole that found hematite alteration beneath 12 m at 0.42% copper.
28 Feb 2012drilling result▲ Good
Infill soil sampling at Cutana's Pinery prospect confirmed a gold anomaly of about 2,000 by 500 m, peaking at 53 ppb (up from the 37 ppb, 1,500 by 300 m found in January). Described as the company's strongest soil gold target; drilling is due in March.
27 Feb 2012farm in farm out agreement▲ GoodMajor
Joint venture with SAEX gives an option to earn 80% of EL 4836 (164 km2), directly north of the 100%-owned Gairdner Project. Costs $10,000 for a two-year option; exercise is 750,000 shares or $75,000, then $500,000 spend over up to three years. Targets are IOCGU and silver.
30 Jan 2012drilling result● NeutralMajor
Duffers Dam and Bulloo Mag drilling found no significant mineralisation, a negative for two of the five original gold targets. Separately, new soil sampling at Cutana's eastern block defined a Pinery gold anomaly (up to 37 ppb, 1,500 by 300 m); infill sampling is planned.
