Past year: ▲ 18%(2.15 – 3.01 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
20 Dec 2013farm in farm out agreement▲ GoodMajor
Japanese government-owned JOGMEC will fund up to $4.5m of exploration over 3 years at the Clifford thermal coal project in return for up to a 40% economic interest. This covers all planned Clifford exploration, with first holes expected in Q1 2014.
27 Nov 2013investor presentation● Neutral
Managing Director's 27 November 2013 AGM presentation. Visible text is only disclaimers and notes restating the 94Mt reserve and 287Mt resource. No new information is visible; text is truncated.
27 Nov 2013agm notice● Neutral
AGM chairman's address. Cash was $24.4m at 30 June and $19.2m at the AGM; the company is debt free after repaying $3.2m in July to collapse the Credit Suisse facility. Range mining lease now expected ready for grant in 2014 (previously end 2013).
13 Nov 2013investor presentation● Neutral
November 2013 investor presentation. Visible text is only disclaimers and notes restating the 94Mt reserve and 287Mt resource. No new information is visible; text is truncated.
7 Nov 2013drilling result▲ Good
Initial Belview washing tests indicate a hard coking coal primary product (62%) and a low-volatile PCI secondary product (38%), with total washed yield of 73-83%. This is the coal quality follow-up to the August resource upgrade to 322Mt.
31 Oct 2013quarterly activities report● Neutral
September quarter: cash was $20m at 30 September 2013 (from $24m), with no take-or-pay liabilities. Belview's 322Mt Inferred resource and mining lease application are restated, and the Belview capital cost review continues, aiming at savings and strategic partners.
25 Oct 2013annual report● Neutral
2013 annual report. Chairman says weak coal markets have left progress at Belview and the Range largely unrecognised, and notes substantial cash and no take-or-pay liabilities. A capital review of both projects is under way. Text is truncated; financials not visible.
8 Oct 2013investor presentation● Neutral
October 2013 investor presentation. Visible text is only disclaimers and notes restating the 94Mt reserve and 287Mt resource. No new information is visible; text is truncated.
24 Sept 2013annual report● Neutral
2013 annual report. Chairman says the weak coal market has left progress at Belview and the Range largely unrecognised, and notes substantial cash and no take-or-pay liabilities. No further material Range spending until infrastructure is certain. Text is truncated; financials not visible.
12 Sept 2013regulatory community update▲ Good
Stanmore lodged a mining lease application over 50.7km2 at Belview, backed by the 322Mt Inferred resource. It targets first coal by 2017, with more drilling and an updated mining study planned by end 2013. Application only; no lease granted yet.
13 Aug 2013resource reserve update▲ GoodMajor
Belview Inferred resource rises to 322Mt from 95Mt after a five-hole program, with a further exploration target of 204-306Mt. This delivers the JORC resource missing when the March concept study was withdrawn. Initial quality suggests low-ash coking coal plus a PCI product.
31 July 2013quarterly activities report● Neutral
June quarter: cash $24m at 30 June 2013 (from $29m), no take-or-pay liabilities, Belview resource upgrade due early in the next quarter. Management is reviewing Range and Belview capital costs and restricting spending; Belview pre-feasibility study now planned for 2014 (previously 2H 2013).
16 July 2013investor presentation● Neutral
MD Nick Jorss's 16 July 2013 Melbourne Mining Club presentation. Visible text is only disclaimers and notes restating the 94Mt reserve and 287Mt resource. No new information is visible; text is truncated.
17 June 2013asset acquisition disposition▲ GoodMajor
Stanmore bought adjoining tenement EPC 2157 for $125,000 cash, enlarging its Lilyvale coking coal project near Kestrel mine in the Bowen Basin to 13km2. Stanmore holds 100%, with Cape Coal earning 15% on milestones. Historical data show German Creek seam from 336m depth.
12 June 2013investor presentation● Neutral
June 2013 analyst presentation. Visible text is only disclaimers and notes restating the 94Mt reserve and 287Mt resource. No new information is visible; text is truncated.
16 May 2013investor presentation● Neutral
May 2013 Sydney Resources Round-up presentation. Visible text is only disclaimers and notes restating the 94Mt reserve and 287Mt resource. No new information is visible; text is truncated.
30 Apr 2013quarterly activities report● Neutral
March quarter: company focused spending on Belview and the Range, with $29m available funds. It notes shares trade near net cash backing and says it has secured 5Mtpa in WEXP1 but not yet committed to take-or-pay. Restates the Range feasibility results; Belview five-hole drilling started.
29 Apr 2013resource reserve update▲ GoodMajor
Range feasibility study (delivered after slipping from February) confirms a 5Mtpa, 25-year thermal coal mine: NPV $441m-$499m, IRR 18.6-19.1%, FOB cost $76.1-84.8/t, capital $455m-$599m including the $44m WEXP1 port obligation. Ready to execute once Surat Basin Rail is delivered; mining lease expected by end 2013.
4 Apr 2013investor presentation● Neutral
MD Nick Jorss's 3 April 2013 Australian Investors Association presentation on the coal outlook. Visible text is only disclaimers and notes restating the 94Mt reserve and 287Mt resource. No new information is visible; text is truncated.
18 Mar 2013investor presentation● Neutral
March 2013 Mines and Money Hong Kong presentation. Visible text is only disclaimers and notes restating the 94Mt reserve and 287Mt resource. No new information is visible; text is truncated.
13 Mar 2013half year report● Neutral
Half-year to 31 December 2012: loss of $3.3m versus $3.7m a year earlier. The report says the Range feasibility study is expected in the first quarter of 2013. Resources are restated at 287Mt for the Range; the 94Mt reserve is unchanged.
12 Mar 2013investor presentation● Neutral
March 2013 investor presentation. Visible text is only disclaimers and notes restating the 94Mt reserve and 287Mt resource. No new information is visible; text is truncated.
11 Mar 2013admin correction▼ BadMajor
Stanmore withdrew all production, mine life and economics statements from its 6 March Belview concept study. It had no JORC resource supporting the 735-1,103Mt exploration target the study relied on. Investors are cautioned that the study is not evidence of viability.
6 Mar 2013other● Neutral
Updated Belview concept study: single longwall of 3.5Mtpa ROM, 64-year mine life, $869m start-up capital, $91.40/t FOB operating cost before royalties. This replaces the July 2012 study ($907m, $104/t). A pre-feasibility study is planned for the second half of 2013. Withdrawn on 11 March.
1 Mar 2013other▼ Bad
S&P Dow Jones index rebalance notice. Stanmore Coal (SMR) is listed among removals from the All Ordinaries index effective after close on 15 March 2013. Index change only; the company itself did no deal.
31 Jan 2013quarterly activities report● Neutral
December quarter: Range supplementary EIS lodged 19 December, with EA grant now expected by September 2013 and the feasibility study due February 2013, slipping from year-end. A 12-hole scout drilling program started on the Surat tenements. Sprint holds about 20%, rising to 25% on note conversion.
30 Jan 2013investor presentation● Neutral
MD Nick Jorss's 30 January 2013 Singapore presentation on the Australian thermal coal outlook. Visible text is only disclaimers and notes restating the 94Mt reserve and 287Mt resource. No new information is visible; text is truncated.
21 Dec 2012listing compliance notice● Neutral
Stanmore told ASX that director share-interest notices for options that expired 9 December 2012 were lodged late through an administrative oversight. The board considers its systems adequate. Administrative compliance matter with no change to operations.
29 Nov 2012resource reserve update▲ GoodMajor
First JORC Inferred resource at Tennyson, an underground thermal coal project: 161Mt in the Aries seam, plus a further 65-120Mt exploration target. A concept study is planned for the first half of 2013. This delivers the Inferred resource targeted for late 2012.
29 Nov 2012investor presentation● Neutral
Managing Director's AGM presentation of 29 November 2012. Visible text is only disclaimers and notes restating the 94Mt reserve and 287Mt resource. No new information is visible; text is truncated.
