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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
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.
27 Apr 2022quarterly activities report● Neutral
March 2022 quarterly: no new results. Esker Lake resampling at South Kitikmeot is now planned for May, a month later than the April timing in March. Aeromagnetic work flags a possible diorite extension of the Boddington gold trend at Boddington West.
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.
20 Jan 2022other▲ GoodMajor
Viridis was admitted to the ASX official list on 20 January 2022, with shares quoted from 24 January. Its IPO raised $5,000,000 by issuing 25,000,000 shares at $0.20, leaving 31,208,998 quoted shares.
20 Jan 2022asset acquisition disposition▲ GoodMajor
Pre-listing confirmation that the $5.0m IPO (25m shares at $0.20) closed and acquisitions completed: 2,125,000 shares issued to the AHD vendors and $25,000 paid to Silver Range Resources for the option over up to 100% of South Kitikmeot. 11m options issued; 35,397,889 shares on issue.
20 Jan 2022annual report● Neutral
Annual report of Dig Ore Pty Ltd, another vendor Viridis plans to buy under the 17 September 2021 term sheet, which offers 2,000,000 Viridis shares in total plus $25,000 expenses. The company has no cash and a small net liability.
20 Jan 2022annual report● Neutral
Annual report of Hubble Resources Pty Ltd, the third vendor company in Viridis's planned acquisition of Western Australian tenement companies for 2,000,000 shares plus $25,000. It has no cash and a small net liability.
20 Jan 2022annual report● Neutral
Annual report for year to 30 June 2021. The company, formerly Aus Asia Minerals, raised $250,000 in April 2021, then renamed itself Viridis and consolidated shares 10:1 in July 2021, leaving 8,272,889 shares. It has conditional deals over Australian and Canadian projects.
20 Jan 2022other● Neutral
Rules of the Employee Securities Incentive Plan, lodged as listing paperwork. It sets out how the company can grant equity to staff and directors. No grants or figures are given in the text shown.
20 Jan 2022other● Neutral
Top 20 holders list as at 17 January 2022: 35,397,889 shares on issue. Largest holder Bilal Ahmad holds 10.12%; the top holders together hold 72.61%. Chairman Agha Shahzad Pervez holds 500,000 shares (1.41%).
20 Jan 2022other● Neutral
Distribution schedule as at 17 January 2022 showing 1,032 holders of 35,397,889 shares. 54 holders with over 100,000 shares each hold 78.81%. Standard listing paperwork.
20 Jan 2022annual report● Neutral
Annual report of Australian Prospecting Pty Ltd, a vendor company with no cash. Under a 17 September 2021 term sheet, Viridis would buy it and two sister companies for 2,000,000 Viridis shares plus $25,000 expenses.
20 Jan 2022other● Neutral
Prospectus dated 16 November 2021 for the IPO of 25,000,000 shares at $0.20 to raise $5,000,000, with up to $500,000 of oversubscriptions allowed. It describes the shares as highly speculative. Re-lodged as part of listing paperwork.