Past year: ▲ 511900%(0.09c – 4.61 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
23 Jan 2017resource reserve update● NeutralMajor
Coal estimate updated to JORC 2012 for the Ledjadja #1 and #3 areas. Measured and indicated resource rises from 664.2Mt to 994.8Mt, but marketable reserves fall from 430.6Mt to 267.1Mt under the new dual export/domestic plan. This revises the earlier 744.8Mt probable reserve basis.
21 Feb 2013drilling progress report▲ GoodMajor
Construction begins at Boikarabelo, with the site now classed as an operating mine site: infrastructure, roads, water and power connections. Says bank due diligence found no material issues and it expects no significant delay in credit approval.
16 Dec 2010resource reserve update▲ GoodMajor
Boikarabelo probable reserve rises 108.8Mt to 744.8Mt after the expanded mine plan, covering 35% of the tenement area. This follows the 20 October measured resource and the 636Mt figure, and helps support project finance.
20 Oct 2010resource reserve update▲ GoodMajor
Boikarabelo probable reserve rises 32.7Mt to 636.0Mt after analysis of 28 cored holes, with a new 204.0Mt measured resource at Kalkpan. Mine planning to convert the measured resource to reserve is due by end November 2010.
22 June 2010drilling spud● Neutral
Began a 24-hole coal exploration program (12 cored) on the Woodbury tenement in Tasmania, costing about $500,000 over 10 weeks. Boikarabelo remains the main focus; Tasmania would be diversification if results justify an open-cut mine.
22 Jan 2010resource reserve update▲ GoodMajor
Boikarabelo (formerly Waterberg) probable saleable reserve doubled to 603Mt, with a new 1.7 billion tonne inferred resource, from drilling 16% of the Ledjadja area. Builds on the earlier 302Mt Waterberg #1 reserve; more drilling planned.
7 Aug 2009resource reserve update▲ GoodMajor
Waterberg #1 split into a reserve area (43%, 302.4Mt probable saleable coal) and a resource area (57%, 1.1 billion tonnes indicated, 569Mt after shale discount). This moves part of the earlier inferred resource up to indicated and books the first reserve, as flagged for August.
2 June 2009drilling result▲ Good
24 open holes completed on the three Ledjadja JV properties (4,042 ha) next to Waterberg #1 in late May 2009. Preliminary results show similar coal thickness and overburden up to a known fault. More drilling is needed for a JORC resource.
27 Apr 2009resource reserve update▲ GoodMajor
Waterberg #1 inferred resource lifted to 1,991.6Mt (978.1Mt after shale discount), up from 646.3Mt reported in August 2008. A coal reserve is expected within about four months. US$2.0m of the US$5m earn-in spent. Ledjadja drilling starts within weeks.
2 Mar 2009drilling result▲ GoodMajor
Waterberg drilling done: 67 percussion and 20 cored holes. First two cores confirm the roughly 120m-thick seam, with coal suited to thermal and soft coking uses (preliminary). Full analysis takes about six months; updated JORC statement may follow. Ledjadja drilling due March.
24 July 2008resource reserve update▲ GoodMajor
Inferred coal resource in the Waterberg, South Africa, lifted 78% from 415Mt to 738.8Mt, mainly from 12 more boreholes at Koert Louw Zyn Pan (now 646.3Mt). Delivers the upgrade flagged earlier; a 98-hole drilling program is being finalised.
