Each one in plain English, with the numbers worked through for a shareholder.
17 June 2022director officer appointment● Neutral
Non-executive director Paull Parker, a Sandfire Resources geologist who joined the board around the IPO, will resign from 1 July 2022 because of increasing work commitments. The chair thanked him for his contribution; no replacement is named in this notice.
16 June 2022drilling result▲ Good
Soil sampling at Pachpadra showed elevated copper, potassium and rare earths near the P1 drill target, supporting the copper-gold model. Drilling is now scheduled for early July, up from a Q3 target, subject to rig availability and approvals.
20 May 2022other● Neutral
Notice that 700,001 shares will be released from ASX-imposed escrow on 1 June 2022. Issued capital does not change.
9 May 2022drilling progress report▲ Good
Pachpadra mapping and sampling are finished, with 202 soil sample points sent for assay. The heritage survey for drill tracks and pads is also finished, awaiting the final report. Maiden drilling is still planned for Q3-2022.
8 Apr 2022drilling progress report▲ Good
Fieldwork began at Pachpadra: mapping, rock chip and soil sampling. A drilling contractor tender is executed, with an RC rig expected for Q3-2022. A heritage survey is planned, and maiden drilling is said to be on track for Q3-2022.
25 Mar 2022other● Neutral
Notice that 1,485,000 shares will be released from ASX-imposed escrow on 8 April 2022. Issued capital does not change.
15 Mar 2022half year report● Neutral
Half-year to 31 December 2021: loss of $185,469 and cash of $342,064, before the IPO funds arrived. $145,226 of exploration spending was capitalised. A $576,000 raise was completed in November 2021; 22.3 million shares were on issue.
10 Mar 2022drilling result▲ Good
A ground gravity survey found a new anomaly, Luni, about 2km x 0.5km at Sambhar. The company compares its size, shape and amplitude to Prominent Hill. It is a geophysical target only, to be added to April fieldwork.
21 Feb 2022regulatory community update▲ GoodMajor
WA1 applied for two new West Arunta licences (E80/5752 and E80/5753), lifting its holding there from 267km² to over 1,500km². They are applications only, not yet granted, and abut Rio Tinto Exploration's tenements.
17 Feb 2022investor presentation● Neutral
Post-listing investor presentation covering the West Arunta, Madura and Hidden Valley projects and the board. Restates the known copper-gold strategy; the visible text contains no new results or figures.
9 Feb 2022other● Neutral
WA1 began trading on the ASX on 8 February 2022 after its $4.5 million IPO at $0.20 a share, a market value of about $9.0 million. It plans West Arunta mapping from late Q1/early Q2 and maiden drilling in mid-2022.
4 Feb 2022capital raising announcement● Neutral
Prospectus dated 29 November 2021 for an IPO of 22.5 million shares at $0.20 to raise a minimum $4.5 million, up to $6.0 million. It describes the West Arunta and Hidden Valley projects and calls the shares highly speculative. Offer already completed per ref 1.
What it means for a shareholder
22.5m new shares at $0.200 to raise about $4.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
4 Feb 2022annual report● Neutral
Financial report for the first period, 2 January to 30 June 2021. Net loss was $49,848; $293,000 was raised from share issues. The company bought licence E80/5173 from Tali Resources and applied for six other licences.
4 Feb 2022other▲ GoodMajor
WA1 was admitted to the ASX on 4 February 2022, with trading to start 8 February. Its IPO raised $4.5 million by issuing 22.5 million shares at $0.20, leaving 26.85 million shares quoted and more held in escrow.
4 Feb 2022other● Neutral
Mining-entity annexure to the ASX listing application, pointing to where the prospectus covers resource reporting and competent-person disclosures. Administrative checklist; no new exploration results or figures.
4 Feb 2022other● Neutral
Listing application form and information checklist for admission to the ASX. It sets out corporate details: incorporated 2 January 2021, Perth-based mineral explorer, Paul Savich as Managing Director, Gary Lethridge as chair. Administrative; no new results.
4 Feb 2022other● Neutral
Corporate governance statement for the year to 30 June 2021, approved 22 November 2021. It reports compliance against ASX recommendations, partially on some such as diversity. Administrative; no new operational information.
4 Feb 2022other● Neutral
Company constitution, adopted 29 July 2021, released as part of listing documents. Standard governance rules on shares, meetings and directors; no new commercial information.
4 Feb 2022other● Neutral
Shareholder distribution schedule at 1 February 2022: 399 holders share 44.8 million shares, with 74 holders above 100,000 shares owning about 76%. Admin listing disclosure.
4 Feb 2022other● Neutral
Securities trading policy adopted 22 November 2021 to meet ASX rules. It restricts insider trading and sets blackout periods for directors and staff. Administrative; no commercial impact.
4 Feb 2022other● Neutral
Pre-quotation disclosure confirms the $4.5 million IPO closed at $0.20, with 44.8 million shares and 3.45 million $0.30 options on issue. Planned use: $2.8 million exploration, $1.0 million admin; pro-forma cash about $4.86 million.
4 Feb 2022other● Neutral
Top 20 holders at 1 February 2022 own 62.64% of 44.8 million shares. Tali Resources, the West Arunta vendor, is largest at 19.03%, followed by Ryecroft at 7.63%. Admin listing disclosure.
