Past year: ▲ 18%(2.15 – 3.01 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
18 May 2016other● Neutral
Queensland Premier officially opens Isaac Plains. The attached media release repeats known facts: 76.9Mt resource, mine life over 10 years, operating costs cut 35%, and royalties above $7m a year. It cites reserves of 15.7Mt, against the 15.3Mt announced on 6 April.
12 May 2016production update▲ GoodMajor
The first coking coal shipment is loaded at Dalrymple Bay, the first Isaac Plains sale into contracts with Asian steel mills. It completes the restart of the mine acquired in November 2015, with 150 workers now employed.
29 Apr 2016quarterly activities report● Neutral
March quarter: 34,500 ROM tonnes stockpiled, with no saleable coal or sales yet. Contracts totalling 900,000t of coking coal are signed or agreed for Japanese FY2016, and talks continue on 200,000t of thermal coal. Exploration spend was $0.7m. Isaac Plains was declared a 'Prescribed Project' on 11 April.
6 Apr 2016investor presentation● Neutral
Mines and Money Hong Kong presentation, April 2016, titled 'Delivering Value as Australia's newest coking coal producer'. Visible text is only disclaimers, reserve notes (Isaac Plains East 8.3Mt marketable from 10.3Mt ROM) and competent person statements; the rest is truncated. No new information visible.
6 Apr 2016production update▲ GoodMajor
First coal is processed through the restarted Isaac Plains wash plant, within the April target set in earlier announcements. First shipment is planned for early May to Asian steel mill customers. This marks the move from explorer to producer, in the company's words.
6 Apr 2016resource reserve update▲ GoodMajor
Isaac Plains complex resource more than doubles from 30.1Mt to 76.9Mt, with 74% Measured and Indicated. This includes a maiden 28.7Mt resource for Isaac Plains East, whose raw coal quality is better than Isaac Plains. It resolves the pending exploration program.
6 Apr 2016resource reserve update▲ GoodMajor
Isaac Plains complex reserve triples from 5.0Mt to 15.3Mt with a maiden Isaac Plains East reserve. Open-cut mine life extends from 3 to over 10 years at 1.5Mtpa run-of-mine. Lower strip ratios are expected to cut costs by A$15-20 per tonne in the first four years.
11 Mar 2016half year report▼ Bad
Half-year to 31 December 2015 shows a loss of $6.4m, up from $1.2m a year earlier, driven by Isaac Plains due diligence and ownership costs. Cash was $30.5m. Of about $55m vendor compensation, $33m was received and about $22m is receivable.
4 Mar 2016material agreement▲ GoodMajor
Stanmore signs a foundation annual coking coal supply contract with a top-tier East Asian steel producer, covering a material portion of Isaac Plains' semi-soft coking coal. Details are confidential, and other contracts are under negotiation. First coal remains on track for April 2016.
12 Feb 2016production update▲ Good
Handover of Isaac Plains to Golding is complete, the dragline overhaul finished under budget and the first blast was done. First coal remains on track for April 2016. Taurus guarantee funds drawn are cut by $10m. Heavy rain caused only a moderate schedule impact.
1 Feb 2016quarterly activities report▲ Good
December quarter: Isaac Plains acquisition completed and Golding appointed, targeting first coal by April 2016. Cash closed at $30.5m, up from $15.3m in June. Vendor compensation payments total $56m. The environment department accepted the Plan of Operations on 21 January 2016.
24 Dec 2015agm notice▼ Bad
Updated AGM result: ASIC refused to let the chairman cast a major shareholder's directed votes, so the remuneration report was not passed and a 'first strike' was recorded. The two director re-elections passed with about 99.9% in favour. Advisory vote only.
17 Dec 2015contract award▲ GoodMajor
Stanmore awards Golding Contractors a three-year mining and coal preparation contract for Isaac Plains, with first coal targeted for April 2016 at at least 1.1Mtpa. Costs are cited as about 35% lower per tonne. Cash plus vendor payments are projected at $18m by June 2016, with a $17m undrawn facility.
30 Nov 2015asset acquisition disposition▲ GoodMajor
Stanmore completes the Isaac Plains acquisition from Vale and Sumitomo, the deal contracted 30 July 2015 and slipped to end November. Mine restart is on track for 1H 2016, with a contractor award expected by year end and updated JORC status by the June quarter 2016.
30 Nov 2015investor presentation● Neutral
Investor presentation on completing Isaac Plains, titled 'Transformation to Met Coal Production'. Visible text is only disclaimers, The Range reserve note and competent person statements; the rest is truncated. No new information visible.
23 Nov 2015investor presentation● Neutral
Managing Director's presentation of 23 November 2015, the AGM day. Visible text is only disclaimers, reserve notes (Isaac Plains 3.7Mt marketable, The Range 94Mt) and competent person statements; the rest is truncated. No new information visible.
23 Nov 2015other▲ Good
Chairman's AGM address: Isaac Plains completion now expected by end of November 2015, slipping from end of October. A mining contractor award is expected by early December. Shares have risen from about 5 cents to about 20 cents since the acquisitions were announced.
30 Oct 2015quarterly activities report▲ Good
September quarter: Wotonga (now Isaac Plains East) acquisition completed; Isaac Plains contracted, with first coal targeted for 2Q 2016 at 1.1Mtpa. Isaac Plains East is expected to extend open cut mine life from about 3 to about 10 years. Clifford drilling continues with JOGMEC funding. Cash figure not visible in the truncated text.
23 Oct 2015annual report● Neutral
Re-lodged glossy 2015 annual report, titled 'Strong Position', with the same chairman's letter on becoming a coking coal producer. Visible text repeats the Isaac Plains 3.7Mt marketable reserve and The Range reserve notes. Appears to be a re-release of the 4 September report; no new figures visible.
17 Sept 2015other● Neutral
Appendix 4G corporate governance checklist for the year to 30 June 2015, pointing to pages 37-40 of the annual report. Administrative filing only, with no business impact.
4 Sept 2015asset acquisition disposition▲ Good
Purchase of the Wotonga coking coal licences from Peabody's Millennium Coal is completed, with the $2m upfront cash paid. Renamed Isaac Plains East as an extension of Isaac Plains. An exploration program will feed a maiden JORC resource, with results expected in 1Q 2016.
4 Sept 2015annual report● Neutral
Annual report for year to 30 June 2015. The chairman says two coking coal deals will transform Stanmore from explorer to producer in the coming year. Isaac Plains marketable reserve is 3.7Mt (5.0Mt run-of-mine). Financial figures are not visible in the truncated text.
30 July 2015quarterly activities report● Neutral
June quarter: cash closed at $15.3m, down from $16.9m. Clifford maiden 370Mt resource finalised and Wotonga acquired after quarter end. Sprint's Greatgroup converted its convertible notes to shares, lifting its holding to about 25%. Belview pre-feasibility study has started, with results due in the second half of 2015.
30 July 2015investor presentation● Neutral
Investor presentation on the Isaac Plains acquisition, 'A fully equipped coking coal mine'. Visible text is only disclaimers and competent person statements; the rest is truncated. It appears to repeat the same-day acquisition announcement, with no new information visible.
30 July 2015asset acquisition disposition▲ GoodMajor
Stanmore contracts to buy 100% of the Isaac Plains coking coal mine from Vale and Sumitomo for $1, targeting restart in 1H 2016 at 1.1Mtpa. It takes on a $32m rehabilitation obligation, offset by vendor compensation payments repayable via royalty; a Taurus two-year facility backs guarantees. Completion expected by end October 2015. This moves Stanmore from explorer towards producer.
7 July 2015resource reserve update▲ GoodMajor
Maiden JORC resource of 370Mt at Clifford (80Mt Indicated, 290Mt Inferred) across Grange and Liberty, after the JOGMEC-funded second program. Laboratory yields are about 82% and energy content above 5,900 kcal/kg. A third JOGMEC-supported farm-in period is underway.
1 July 2015asset acquisition disposition▲ GoodMajor
Stanmore buys the Wotonga coking coal deposit in the Bowen Basin from Peabody subsidiary Millennium Coal. Total consideration is $7m: $2m cash up front, $2m on mining lease grant and $3m via a $1/t royalty. It has no current JORC resource; confirmatory drilling is planned within 12 months.
30 June 2015other● Neutral
Revised securities trading policy adopted 30 June 2015, setting clearance and blackout rules for directors, employees and restricted contractors. Administrative governance document only; no impact on the business.
30 Apr 2015quarterly activities report● Neutral
March 2015 quarter: cash ended at $16.9m after a $0.3m net outflow. Belview drilling finished and the 330Mt resource, with 50Mt Indicated, was announced after quarter end. Clifford drilling finished in April, with lab results due in the June quarter.
29 Apr 2015resource reserve update▲ GoodMajor
Belview resource updated to 330Mt, including a first 50Mt Indicated, after six more cored holes funded under the second Japanese agreement. This is slightly below the earlier 342Mt Inferred figure. Coking coal tests are strong, and a pre-feasibility study is set for the second half of 2015.
