Each one in plain English, with the numbers worked through for a shareholder.
3 Nov 2022regulatory community update▲ Good
NSW regulator approved drilling at the Smoky halloysite project (EL8944, 6km2). A 1,800m, up to 30-hole aircore program is planned for early 2023, subject to rig availability. This resolves the Smoky approval thread from earlier quarters.
31 Oct 2022price query● Neutral
ASX temporarily paused trading in Viridis shares pending a further announcement. Same day as the Poochera kaolin drilling release; the text gives no reason.
31 Oct 2022admin correction● Neutral
Re-release of the 31 October Poochera kaolin announcement, amended to add a JORC Table 1 and related information. No change to the reported results.
31 Oct 2022drilling result▲ GoodMajor
Stage 1 Poochera drilling (55 holes, 1,686m) intersected kaolin over 30m thick in multiple holes at the newly named Philips Kaolin Deposit. Based on visual logging, not lab assays; 13 samples sent to Scotland to check for halloysite. Stage 2 (about 2,000m) planned early 2023; Smoky drilling slips to early 2023.
28 Sept 2022drilling spud▲ GoodMajor
Maiden aircore drilling has started at the 100%-owned Poochera kaolin-halloysite project, planned at up to 60 holes for 3,000m, averaging 50m deep, taking about two weeks. This is the company's first drilling of its kaolin projects; assays to follow.
15 Sept 2022drilling result▲ Good
Bindoon soil sampling found gold up to 70 times background (14ppb vs 0.2ppb) at Swan Hills, plus elevated nickel, copper and palladium at Killcodey. Drilling is planned once tenements are granted; two of three tenements are still applications. Soil results only.
14 Sept 2022annual report● Neutral
Annual report to 30 June 2022: net loss $1,354,336 (including $852,567 share-based expense), cash $3,906,774, total liabilities $93,574, net assets $4,604,972. Confirms the $5m IPO and no debt.
14 Sept 2022annual report● Neutral
Corporate governance statement and Appendix 4G filed alongside the annual report. Compliance paperwork with no new operating or financial information.
13 Sept 2022drilling result▲ Good
Soil sampling (about 440 samples) at Boddington West found six gold anomalies; four tie to north-west faults parallel to those at the Boddington mine. Results are being used to generate drill targets; shallow drilling is proposed subject to tenement grant (still an application). Soil results only, no drilling.
24 Aug 2022regulatory community update▲ Good
South Australia approved the environmental program (EPEPR) for Poochera, clearing the way for the maiden 150-hole, 3,000m aircore drilling to start imminently, subject to rig availability. This resolves the approval thread from the June quarter; first stage expected to take about two weeks.
29 June 2022drilling scheduled▲ GoodMajor
Jim McLeod Drilling is appointed for a 3,000m maiden aircore program at Poochera, expected in the September quarter subject to environmental approval. Smoky drilling follows straight after, subject to NSW approval. First drilling for the kaolin projects.
20 June 2022regulatory community update▲ Good
Reprocessed magnetic data indicates a north-west diorite trend running from the Boddington gold mine onto the company's Boddington West tenement. Surface sampling is complete at all three Bindoon tenements, with assays awaited. Follow-up geochemistry is planned at Boddington West. No assay results yet.
14 June 2022drilling result▲ GoodMajor
A ground magnetic survey (349 line-km) at Esker Lake, South Kitikmeot, suggests the gold-hosting iron formation may extend north-west, with a drill target identified. Drill planning has begun. The cited intercepts (3m @ 11.7g/t Au) are historic, not new. This delivers the Esker Lake work planned for May.
9 June 2022investor presentation● Neutral
Re-release of the June presentation, adding a competent person statement and project-page referencing. Administrative update with no new information.
7 June 2022investor presentation● Neutral
June 2022 company presentation repeating known facts: share price $0.29, 35,397,889 shares, market cap $10.27m, estimated cash $4.25m (as at 31 March 2022). Lists Pervez as Executive Chairman. No new developments.
5 May 2022director officer appointment● NeutralMajor
Executive Director Hugh Callaghan resigned on 1 May 2022. Chair Agha Shahzad Pervez becomes Executive Chairman, keeping his $54,000 a year director fee plus $1,500 a day consulting (about 9 days a month expected). Either party can end the agreement on 3 months' notice.
4 May 2022regulatory community update● Neutral
April site visit at Smoky located the historical halloysite and calcined clay quarries. Historical drilling showed kaolin-type clays to 43m. The company has started the approval process for drilling; no new results.
2 May 2022regulatory community update▲ GoodMajor
Exploration licence EL6733 for the 100%-owned Poochera kaolin-halloysite project (329km2, South Australia) is granted for an initial 6 years. This resolves the 'awaiting grant' thread; aircore drilling can follow once environmental approval is lodged and granted.
21 Apr 2022other● Neutral
375,003 options (exercisable at $0.30, expiring 29 April 2024) are released from escrow on 29 April 2022. Restrictions continue on 4,188,891 shares and 11,319,447 options until 24 months after quotation. Administrative notice.
15 Mar 2022regulatory community update▲ Good
The Smokey (Smoky) exploration licence EL8944 in NSW is renewed for 6 years to 18 February 2028. It holds a historic halloysite mine; historical drilling found kaolin-halloysite to 43m depth. Mapping, sampling and a maiden aircore drill campaign are planned.
11 Mar 2022half year report● Neutral
Half-year to 31 December 2021: loss of $331,603, cash $92,668 and net liabilities of $185,801, before the IPO funds were received in the following weeks. Directors' changes of 17 January 2022 are confirmed. Hall Chadwick is the auditor.
8 Mar 2022regulatory community update▲ Good
Consultants appointed across all projects, including Aurora Geosciences for South Kitikmeot. An April expedition is planned at Esker Lake, with Canadian drill permitting expected to take up to 6 months after tenement transfer. Heritage agreements are in place for Bindoon. No results yet.
17 Feb 2022director officer appointment▲ Good
Tim Harrison, Managing Director of ASX-listed Ionic Rare Earths, joins the board as an independent non-executive director. He holds no Viridis securities and will stand for election at the 2022 AGM.
28 Jan 2022admin correction● Neutral
Registered and principal office moves to Level 9, 182-184 St Georges Terrace, Perth from 1 February 2022. Administrative change only.
24 Jan 2022other▲ Good
Viridis shares begin trading on the ASX at 12pm on 24 January 2022 after the $5.0m IPO. The company says it will start work across its Canadian and Australian gold, kaolin-halloysite and nickel/copper/PGE projects.
20 Jan 2022other● Neutral
Company's securities trading policy for directors and key staff, setting closed periods and insider trading rules. Standard listing paperwork with no new business developments.
20 Jan 2022other● Neutral
Corporate governance statement dated 18 January 2022, setting out which ASX governance recommendations the company will follow at listing. Standard admission paperwork with no new business developments.
20 Jan 2022annual report● Neutral
Annual report for 30 June 2020 of the company's former shell, Aus Asia Minerals, which was removed from the ASX list in March 2019 and was only reviewing acquisitions. Shows no operations and no shares issued that year.
20 Jan 2022other● Neutral
Listing application form dated 22 November 2021, filed as part of admission. It names Agha Shahzad Pervez as Chairman and Hugh Callaghan as managing director, with the three old directors to resign before listing. Main activity is mining exploration in Australia and Canada.
20 Jan 2022other● Neutral
Company constitution adopted by shareholders on 2 December 2021, lodged as listing paperwork. It sets standard rules on share rights, minimum holdings and transfers. No new business information.
