25 Sept 2025other● Neutral
Annual corporate governance statement and Appendix 4G for FY2025 lodged. Administrative filing with no new substance.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 Sept 2025annual report● Neutral
FY2025 statutory accounts (truncated). Principal activities remain BCB coal technology and mineral exploration, with the same four directors and no dividend. Financial figures are not visible in the text provided. Routine.
19 Sept 2025agm notice● Neutral
The 2025 AGM is scheduled for 28 November 2025. Director nominations close 26 September 2025. Administrative.
29 July 2025quarterly activities report● Neutral
June-quarter report: repeats the 26 June Tindal results (five high-priority areas) and notes preparation for a Specimen Hill drilling program. BCB support for Proterra in South Africa continues. Routine update.
26 June 2025regulatory community update▲ GoodMajor
Analysis of 2023-24 Tindal soil sampling found five target areas with coincident copper, zinc, nickel, gold and rare earth anomalies, within a 700 km² work area (576 primary samples). This is geochemistry only, not drilling; the area is under cover and no mineralisation is known.
30 Apr 2025quarterly activities report● Neutral
March-quarter report: the entitlement offer raised $3.7M net, and the first Specimen Hill earn-in (51%) was achieved. Coronation drilling results were finalised, and Tindal ionic sample analysis continues. Tindal spend was $132,000 capitalised. Routine update.
4 Apr 2025other● Neutral
Notice that 2,144,310 ordinary shares will be released from voluntary escrow on 31 May 2025. Administrative.
31 Mar 2025farm in farm out completion▲ GoodMajor
WEC earned a 51% interest in Specimen Hill after spending over $1M in 12 months, against a three-year allowance. It is proceeding to the second stage: a further $1M for another 25%. Early-stage project; no resource is defined.
25 Mar 2025capital raising announcement● NeutralMajor
The entitlement offer raised $3.83M before costs: 112,635,630 new shares at $0.034 were taken up, against a maximum of about 132.7M. A 20,019,604-share shortfall remains, which directors may place within 3 months. Shares issue 27 March.
What it means for a shareholder
113m new shares at A$0.034 to raise about A$3.8m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (29,412 at the issue price), your slice goes from 0.0038% to 0.00332% of the company. To keep it you'd need 4,277 more shares - about A$145 at the issue price.
Create a free account to see this worked out for your own holding.
12 Mar 2025half year report● Neutral
Half-year report to 31 December 2024 (truncated). It describes BCB coal work with Proterra in South Africa and the copper-focused exploration portfolio, with the same four directors. Financial figures are not visible in the text provided. Routine.
12 Mar 2025drilling result▼ BadMajor
Coronation drilling (six holes, 1,706 m, max depth 416.3 m) found rock types that host IOCG deposits elsewhere, but assays did not match the soil anomalies. Best copper was 296 ppm, 71 times background. Basement averaged about 37 m deep. Early copper-sulphide hints did not translate into significant assays.
6 Mar 2025capital raising announcement● Neutral
Notice that offer documents for the 2-for-3 entitlement offer at $0.034 were sent to eligible shareholders on 6 March 2025, with acceptances made online via Automic. Administrative.
6 Mar 2025capital raising announcement● Neutral
The 2-for-3 entitlement offer is now open and closes 5:00pm AEDT on 20 March 2025 unless extended. Offer documents have been despatched to eligible shareholders. Administrative.
26 Feb 2025capital raising announcement● Neutral
Offer booklet for the 2-for-3 entitlement offer at $0.034 per share, closing 20 March 2025. It sets out the terms already announced the same day. Eligible holders can also apply for extra shares from any unclaimed entitlements. Administrative document.
26 Feb 2025capital raising announcement● NeutralMajor
WEC launched a 2-for-3 renounceable entitlement offer at $0.034 per share to raise up to $4.51M, not underwritten. Funds go to Specimen Hill, Tindal and Maranoa exploration, Coronation rehabilitation, working capital, and possibly repaying loans from Flannery's associated entity. Last May's raise was $0.04.
26 Feb 2025capital raising announcement● Neutral
Notice to shareholders outside Australia and New Zealand that they cannot take part in the $0.034 entitlement offer. A nominee will sell their entitlements and pass on any net proceeds. Administrative.
31 Jan 2025quarterly activities report● Neutral
December-quarter report: Tindal follow-up ionic sampling (over 2,000 samples) is being analysed, with $416,000 of exploration spend capitalised. Specimen Hill sampling and mapping continue before trenching, and Coronation drilling is said to have advanced understanding. BCBC Singapore liquidation is finalised. Routine update.
28 Nov 2024admin correction● Neutral
All AGM resolutions passed by poll, including a special resolution amending the Constitution by adding a new Clause 2.9. The text provided does not say what Clause 2.9 covers. Administrative.
28 Nov 2024investor presentation● Neutral
At the 2024 AGM the Chairman called the Bayan litigation's roughly $900,000 recovery 'very unsatisfactory' but final. The CEO said South Africa briquetting is moving to a phase 2 plant and MCC's wash plant auction is due December 2024. Copper exploration results are expected within six months.
5 Nov 2024regulatory community update▲ Good
Specimen Hill update: a helicopter magnetic survey covered 68.8 km² (27% of the project area). New 2024 rock chips returned up to 3.01% Cu and 3.8 g/t Au; historic samples showed over 20% Cu. Drill targets are still being defined. No drilling yet.
30 Oct 2024quarterly activities report● Neutral
September-quarter report: Coronation drilling was carried out, Specimen Hill mapping continued, and the Bayan litigation was finalised on release of the $2M bond. WEC also applied for adjacent tenement EPM29112 on 19 September. Routine update.
22 Oct 2024annual report● Neutral
Annual report 2023/24: the EBITDA loss was $4.6M versus $3.5M, mainly from Bayan litigation and liquidation costs. Early Coronation drilling showed copper sulphides consistent with IOCG-style mineralisation. MCC still owes about US$1.74M and is in Chapter 7 bankruptcy; WEC received about $0.9M from the BCBCS liquidators.
26 Sept 2024annual report● Neutral
Full-year accounts to 30 June 2024 (truncated). They describe BCB coal technology work with Proterra in South Africa and mineral exploration, with the same four directors and no dividend. Routine; headline figures are not visible in the text provided.
26 Sept 2024other● Neutral
WEC lodged its FY2024 corporate governance statement and Appendix 4G. Compliance filing with no new business substance.
6 Sept 2024agm notice● Neutral
The 2024 AGM is set for 28 November 2024, with director nominations due by 26 September 2024. Administrative notice only.
22 Aug 2024drilling scheduled▲ GoodMajor
WEC has all approvals to drill the Coronation prospect at Robin Rise, South Australia, in the Olympic Dam corridor. 4-5 holes over about 5 weeks will test for IOCG-style copper-gold, with basement expected at 90-150 m. Results will follow; no result yet.
30 July 2024quarterly activities report● Neutral
June-quarter report: the offer raised $3.4M, Coronation drilling is planned for early August subject to approvals, and the helicopter magnetic survey at Specimen Hill is being analysed with drilling targeted early 2025. War Effort tenement was granted 17 July 2024. Routine update.
17 July 2024investor presentation● Neutral
CEO presentation at the Noosa Mining Conference (text truncated). It describes five Australian copper-gold exploration projects using deep crustal geophysics, ionic geochemistry and machine learning, and lists the board. No new results visible in the available text.
31 May 2024capital raising announcement● NeutralMajor
The $0.04 entitlement offer raised $3.43M (85.7M shares), short of the up to $4.53M sought. 27.5M shares went unsubscribed; directors may place them within 3 months. Funds go to Specimen Hill, Robin Rise's Coronation prospect and Tindal exploration.
30 May 2024material agreement▲ GoodMajor
WEC settled with Bayan, ending all Singapore and Western Australian proceedings with mutual releases. This resolves the long-running KSC litigation. The $2M court-held security is released, and BCBC expects about $900,000 from the BCBCS liquidation.