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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
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.