Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
21 Dec 2023regulatory community update▲ Good
Hualilan receives independent carbon-neutral certification, claimed as a first for an Argentine exploration project. Measured emissions were 51,340 tonnes CO2e, offset by purchased green bonds. No effect on resources or economics is stated.
13 Dec 2023admin correction● Neutral
Amended re-release of the 13 December doré testwork announcement (96.0% and 92.8% gold recovery). The visible text appears identical to the original, so it adds no new results.
13 Dec 2023other▲ Good
Intensive cyanide leach tests on Hualilan gold-silver concentrate recovered 96.0% gold (16.7 µm grind) and 92.8% (40 µm). Making doré on site would remove US$150/t transport and US$100/t treatment costs from the November 2023 Scoping Study. Follow-up to the leach testing; not yet in the study.
1 Dec 2023investor presentation● Neutral
Deck for the 1 December 2023 shareholder webinar, focused on the Hualilan Scoping Study released on 8 November. Visible text is the cover and disclaimers only; nothing new.
28 Nov 2023director officer appointment● Neutral
Dr Sonia Delgado, a lawyer and former San Juan Secretary of Mining and the company's Argentina Country Manager, joins the board as an Executive Director. Pay is US$120,000 cash, subject to shareholder approval at the next AGM. Aimed at regulatory navigation as Hualilan heads toward production.
23 Nov 2023investor presentation● Neutral
Invitation to a shareholder webinar on 1 December 2023 where Kris Knauer will give a company update and take questions. Administrative notice with no new results. Header shows 1,259.5m shares, up from 1,196.5m at the quarter report.
8 Nov 2023other▲ GoodMajor
Hualilan Scoping Study: 7-year mine, about 116,000oz gold a year, pre-tax NPV US$409m, 75% IRR, payback under 1.25 years, AISC US$830/oz. Needs about US$150m funding. It is preliminary and resolves the long-pending Scoping Study; 19% of the plan is Inferred.
28 Sept 2023investor presentation● Neutral
Chairman Sergio Rotondo joins a precious metals panel at Canaccord's LatAm Natural Resources Conference in Brazil; investor deck attached. Visible text is cover and disclaimers only, so no new results.
27 Sept 2023other● Neutral
Shares began trading on the US OTCQB Venture Market on 26 September 2023 under code CLLEF, to give US investors easier access. ASX trading is unaffected and no new shares are issued.
20 Sept 2023director officer appointment● NeutralMajor
Co-founder Sergio Rotondo becomes Executive Chairman, with pay unchanged. Fletcher Quinn, chairman since before the July 2019 relisting, stays as non-executive director. The company says the move reflects its focus on taking Hualilan toward production.
13 Sept 2023half year report● Neutral
Interim report for the six months to 30 June 2023 shows cash of A$12.0m and a reported profit of A$34.5m, driven by non-cash gains (A$27.7m net monetary position, A$4.5m convertible debenture), not operations. Restates the 2.8Moz Hualilan and 4.5Moz El Guayabo resources.
23 Aug 2023drilling result▲ Good
First rock-saw channel samples at El Guayabo include 174.4m at 1.2 g/t AuEq, 300m beyond any drilling, and results extending the high-grade core 200m up to surface. These may feed a future resource update, which also awaits the final five drill holes.
4 Aug 2023other▲ GoodMajor
Cyanide leach tests on Hualilan material gave 89% gold recovery, versus under 40% in historical tests, opening a possibly cheaper CIP/CIL route than flotation. The Scoping Study, due H1 2023, is delayed to assess this; heap leach of low-grade material moves to the PFS.
20 July 2023investor presentation● Neutral
Noosa conference deck repeats known resources (Hualilan 2.8Moz, El Guayabo 4.5Moz). It shows A$13m cash, about A$0.10 share price, A$124m diluted EV and a 12-month runway after the raise. No new results.
19 July 2023drilling result▲ Good
Hualilan regional work finds new targets: a mineralised system 2.5km west of the Magnata Fault, and a 48 km2 magnetic survey started at El Penon to plan a first drill program. Earlier high-grade samples are repeated. Program is under 40% complete; Lo Que Vendra concessions were granted.
19 June 2023investor presentation● Neutral
Webinar deck repeats the 4.5Moz El Guayabo and 2.8Moz Hualilan resources (7.2Moz total) and the recent A$10m raising. It cites an enterprise value of A$140m with the Hualilan Scoping Study still pending. Nothing new.
16 June 2023investor presentation● Neutral
Invitation to a shareholder webinar on Monday 19 June 2023 where Kris Knauer will discuss the El Guayabo initial resource. No new results; administrative notice.
14 June 2023resource reserve update▲ GoodMajor
First El Guayabo resource: 270Mt at 0.52 g/t AuEq for 4.5Moz (Inferred), with a 1.45Moz core at 1.0 g/t. Resolves the maiden resource thread; excludes the final five holes. Firm commitments for a A$10m placement, mainly for the Hualilan pre-feasibility study and regional work.
31 May 2023other● Neutral
Rules of a Salary Sacrifice Share Plan, letting eligible participants take part of their pay as shares. Visible text is only the table of contents and definitions; no numbers or dates on share issues. Administrative, likely linked to the AGM.
18 May 2023drilling result▲ Good
Latest El Guayabo holes all hit gold. GYDD-23-039 at GY-C returned 805.3m at 0.6 g/t AuEq, including 231.2m at 1.5 g/t, the first sign GY-C could host significant resource. GY-B and GY-C appear to join into a zone 700m wide. Maiden resource still pending.
10 May 2023material agreement▲ Good
CEL signs a non-binding MOU with YPF Luz for renewable power for Hualilan. CEL would award a power purchase agreement if the price is under US 7 cents/kWh; YPF gets a binding five-year right of first refusal. It may cut connection capex in the Scoping Study.
9 May 2023investor presentation● Neutral
Kris Knauer presents at the RIU Sydney Resources Round-up on 11 May 2023; investor deck attached. Visible text is cover and disclaimers only, so no new results. Header now shows 35m performance rights, up from 16m (inference: new grants, likely for the appointments).
4 May 2023director officer appointment▲ GoodMajor
CEL appoints former Australian Ambassador to Argentina Brett Hackett as non-executive director, Dr Sonia Delgado as Argentina Country Manager, and ex-Barrick Veladero manager Mike Zivcic as COO. Zivcic and Hackett are to be paid wholly in shares, as CEL prepares Hualilan for production.
4 May 2023admin correction● Neutral
Updated Appendix 5B for the March quarter, re-lodged on the new ASX template with all numbers unchanged. Cash at quarter end A$8.342m; the cash available estimate excludes gains from converting USD to Argentine pesos. Administrative.
1 May 2023drilling result▲ Good
First regional sampling around Hualilan finds high-grade gold, up to 54.4 g/t Au in stream sediments at El Peñon, 10km north-west, and rock chips up to 90.7 g/t Au within 300m east of the resource. Early stage: under 5% of the 600 sq km tenements mapped.
28 Apr 2023other● Neutral
Appendix 4G confirms the corporate governance statement is current at 28 April 2023 and approved by the board. Administrative filing accompanying the annual report; no new substance.
28 Apr 2023other● Neutral
Corporate governance statement for the six months to 31 December 2022, approved 28 April 2023. It says the board has no separate committees given its size, and reports mostly compliance with ASX recommendations. Administrative; no new events.
28 Apr 2023annual report● Neutral
Annual report for the six months to 31 December 2022. The chairman's address repeats the 2.8Moz Hualilan resource, Ecuador drilling results and the Scoping Study due in the first half of 2023. Visible text shows no new financial figures.
14 Apr 2023security holder rights change● Neutral
The 2.8Moz resource met the vesting milestone for 60m Class A performance shares and 9.5m Performance A rights, resolving that open thread. The company says over 99% of recipients already hold shares and expects no selling.
5 Apr 2023investor presentation● Neutral
Shareholder webinar deck on the new 2.8Moz Hualilan resource and El Guayabo results, repeating known figures. It estimates March-quarter cash of about A$8m, with quarterly spend of A$3-4m expected going forward.
