Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 Mar 2025annual report● Neutral
Full-year statutory accounts to 31 December 2024 lodged, listing Elsztain as Non-Executive Chairman from 4 March 2025 and Rotondo as Executive Vice Chairman. Excerpt shows directors' details only; no financial figures visible in the text provided.
26 Mar 2025debt financing● NeutralMajor
Draws the first US$2m (~A$3.2m) of a US$20m toll-milling project finance facility. Unsecured, 8.5% if repaid before 7 Dec 2025 (12.75% after), repayable from first toll-milling cash flow; 4% fee. Funds mining preparation and working capital; later tranches need due diligence.
19 Mar 2025security holder rights change● Neutral
116,754,970 unlisted options at 14c expire on 25 March 2025. Notice only; no new terms.
4 Mar 2025director officer appointment● NeutralMajor
Eduardo Elsztain becomes Non-Executive Chairman with immediate effect, as foreshadowed in January after his 12.7% placement. Sergio Rotondo moves to Executive Vice Chairman and stays on the board.
27 Feb 2025director officer appointment▲ Good
Appoints mining engineer Bira De Oliveira, with 35+ years' experience, as General Manager Operations at Hualilan to lead toll-milling operational readiness. A release line says 450,000t annually, but the agreement covers 150,000t a year (450,000t over three years).
20 Feb 2025admin correction▼ BadMajor
The company retracted the production target information on pages 5 to 7 of its 11 February 2025 release, saying it lacked a reasonable basis to disclose it. Investors were told to disregard that information, and a revised announcement was attached.
11 Feb 2025other● Neutral
Update on toll-milling readiness: final pit designs and schedules done, with the first 150,000t averaging 8.7 g/t gold and plant refurbishment started. Pre-feasibility study due March 2025. The production-style figures were later retracted by the company (see 20 February).
31 Jan 2025quarterly activities report● Neutral
December quarter: exploration spend A$2.9m, admin A$1.4m (including A$360k one-offs). Final four Colorado V holes confirm mineralisation at CV-B (399.8m at 0.4 g/t AuEq), with a maiden resource expected. Restates the toll-milling agreement and placement completion.
10 Jan 2025capital raising announcement▲ GoodMajor
The A$6.6m placement is complete: 147.7m shares at 4.5c to Elsztain's IFISA, with 2-year warrants, making him the largest shareholder at 12.7%. The US$2m toll-mill upfront payment has been paid. Elsztain is to join as Non-Executive Chairman, with Saul Zang as a director.
What it means for a shareholder
148m new shares at A$0.045 to raise about A$6.6m. That's 8.8% dilution: every existing holder's slice gets 8.8% smaller. If you held A$1,000 of shares (22,222 at the issue price), your slice goes from 0.00146% to 0.00133% of the company. To keep it you'd need 2,151 more shares - about A$97 at the issue price.
Create a free account to see this worked out for your own holding.
8 Jan 2025listing compliance notice● Neutral
ASX paused trading in CEL shares pending a further announcement. No reason is given in the notice itself.
30 Dec 2024material agreement● Neutral
Austral Gold's release of the same definitive toll agreement, describing US$3m fixed payments, US$110,000 monthly fee and 20-30% incentive fee, with operations expected in 2H 2025. It notes Elsztain's Tyrus holds 4.33% of CEL, rising to about 12.74%. This is the other party's release.
30 Dec 2024material agreement▲ GoodMajor
Definitive toll processing agreement signed with Casposo: 150,000t a year for three years (450,000t), US$8.80/t access fee, US$110k monthly minimum, US$2m upfront (refundable if plant not running by 31 July 2025 or recovery under 70%). The A$6.6m Elsztain placement is also finalised, due to settle 2 January 2025.
23 Dec 2024debt financing▲ Good
Company notes Casposo's owner secured a US$7m secured loan from Banco San Juan at 8% to refurbish the plant for Hualilan toll milling. The loan is Casposo's, not CEL's. It covers the US$4m refurbishment cost estimated in the audit, with the first US$1.5m due within 5 business days.
13 Dec 2024other▲ GoodMajor
An independent audit of Austral Gold's Casposo plant found it suitable for toll treating Hualilan ore, with 300,000t a year capacity (double the 150,000t needed), US$4m refurbishment capex and projected recoveries above 90% (vs 80-85% modelled). No fatal flaws found; further testwork pending.
5 Dec 2024material agreement● Neutral
Austral Gold's release says its Casposo unit signed a binding MOU to process Hualilan material over three years, with US$3m fixed payments and US$110,000 monthly. Casposo is on care and maintenance, with restart targeted by 31 July 2025. Elsztain, CEL's investor, is Austral's chairman. This is the other party's release.
5 Dec 2024material agreement▲ GoodMajor
Binding agreement with Casposo to toll-mill Hualilan ore: 150,000t a year, 450,000t over three years, US$2m upfront (refundable if the plant is not running by 31 July 2025). Long-form agreement expected in 15–20 days. The A$6.6m placement is nearing completion.
14 Nov 2024investor presentation● Neutral
Presentation for the Noosa Mining Conference. Visible text is disclaimers and competent-person statements only, with nothing new shown.
13 Nov 2024drilling result▲ GoodMajor
Six more Colorado V holes in Ecuador, with intercepts up to 711.6m at 0.4 g/t AuEq, confirm the 400x800m CV-A anomaly is mineralised from surface. The program is complete, with four holes pending, and a maiden resource is expected before the planned monetisation of Ecuador.
31 Oct 2024quarterly activities report● Neutral
September quarter: exploration spend A$4.2m, admin A$1.2m. Restates the toll-milling term sheet, A$4m SPP and the EIA approval. Colorado V drilling is complete with 10 holes pending. Exploration spending is expected to fall as focus moves to toll milling.
30 Oct 2024regulatory community update▲ GoodMajor
Environmental Impact Assessment approved for Hualilan, covering 19 mining rights, and the company says it is the first gold project in San Juan to get one in 17 years. It enables mine construction and sectoral permits. Resolves the EIA application lodged with the toll-milling plan.
25 Oct 2024capital raising announcement▲ GoodMajor
SPP closed heavily oversubscribed with over A$7.8m of applications against a A$1m target. The board accepted A$4m at 4.5c, scaling back pro rata and issuing 88.9m shares. Adds to the A$6.6m placement, but dilutes holders at a price far below April's 8.5c.
16 Oct 2024capital raising announcement● Neutral
Revised timetable: first placement shares issue 16 October, SPP closes 18 October with results 25 October, and remaining placement shares on or about 11 November. Timing change only; no new terms.
3 Oct 2024capital raising announcement● NeutralMajor
Share purchase plan offered to eligible shareholders at 4.5 cents, a 17% discount to the last close, targeting up to A$1m (A$30,000 cap each). Same price as the A$6.6m strategic placement, well below the 8.5c April raise. Offer runs 4–18 October.
2 Oct 2024material agreement▲ GoodMajor
Binding term sheet for a A$6.6m placement to Elsztain-group Dolphin Real Assets and a toll-milling deal to process 450,000t of Hualilan ore (85,550oz gold) over three years, targeting Q2 2025 production. Marks a shift from the PFS-led path; TSX listing and board renewal planned. Closing needs due diligence and approvals.
13 Sept 2024half year report● Neutral
Half-year to 30 June 2024: reported a profit of $53.9m (vs $34.5m), though the visible text does not explain the source. Restates the A$9.6m placements at 8.5c, the Elsztain 5% stake, and the PFS critical-path work as complete. Funding process held until the PFS is done.
9 Sept 2024admin correction● Neutral
Clarifies the June quarter reports: related-party payments were A$248k of director and officer fees. The Queen's Road convertible debenture pays 9% interest (7% cash, 2% cash or shares) and matures 12 September 2026. Disclosure clarification only.
31 July 2024quarterly activities report● Neutral
June quarter: cash A$5.75m. Hualilan PFS critical-path work is complete, including 1,910m of geotechnical drilling. Ecuador drilling is 5,400m of 8,000m, due to finish late August. Strategic funding talks continue with two parties. Company will pay 30% of Ecuador drill costs in shares.
26 July 2024drilling result▲ Good
First five holes of the Colorado V resource drilling hit about 500m intercepts at 0.3-0.4 g/t AuEq, including 599.1m at 0.4 g/t AuEq. 5,100m of the 8,000m is drilled. A maiden resource is expected on completion, ahead of the planned Ecuador sale.
3 July 2024director officer appointment● Neutral
Kelly Moore and Michelle Kennedy become joint company secretaries, with Moore also interim CFO. Scott Funston, CFO and secretary since the 2019 ASX re-admission, has resigned. The registered office moves to 100 Havelock Street, West Perth.
5 June 2024other▲ Good
Independent modelling by Mining Plus puts Hualilan's Scoping Study mine at about 0.1 tonnes CO2e per ounce, which the company says would be the lowest of ASX gold miners. Argentine operations are certified carbon neutral for 2024. Economics are unchanged.
