30 May 2024investor presentation● Neutral
Investor presentation for the Emerging Growth Conference, covering the Hualilan and Ecuador projects. Visible text is disclaimers and competent-person statements only, with nothing new shown.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 May 2024investor presentation● Neutral
Notice that CEO Kris Knauer will present at the virtual Emerging Growth Conference on 30 May 2024 (Sydney time). Repeats known company background; no new results.
16 May 2024other▲ Good
Testwork shows zinc can be recovered economically from rock as low as 0.4% Zn, versus the 1.5% cut-off in the Scoping Study. This potentially opens 211.5kt of zinc against 62kt in the study plan. Gold recovery rises to 97.5%. Feeds into the PFS.
30 Apr 2024annual report● Neutral
Annual report for 2023 with a chairman's letter citing a 7.3Moz total gold-equivalent resource and a Hualilan PFS underway, expected to lead into a feasibility study. Includes the sustainability report. Restates known results.
30 Apr 2024annual report● Neutral
Corporate governance statement for 2023. The board says it has no separate committees given the company's size, and full-board duties cover them. Partially complies with the gender diversity recommendation. Compliance document with no new project or financial news.
30 Apr 2024annual report● Neutral
Appendix 4G for the 2023 financial year: confirms the corporate governance statement is on the company website, current at 30 April 2024 and board-approved. Compliance form only, no new information on projects or finances.
30 Apr 2024quarterly activities report● Neutral
March quarter: cash A$6.45m after the A$5.6m placement, with a further A$4m raised after quarter-end (A$9.6m total). Strategic funding talks are held until the Hualilan PFS is done. Costs included redundancy payments, consistent with the cost-cutting noted earlier. Ecuador drilling and later sale plan unchanged.
29 Apr 2024drilling result▲ Good
Soil sampling with Ionic Leach assay defines a 5km by 4km copper anomaly 5-10km southeast of Hualilan, with a coincident iodine anomaly, under cover with no prior exploration. Sampling is being extended over a further 150 km2; no drilling yet.
18 Apr 2024capital raising announcement▲ GoodMajor
A further A$4m placement to one investor on the same terms as Elsztain's (8.5c, free 14c option to March 2025), lifting the total to A$9.6m. Funds the last 8,000m of Colorado V drilling for a maiden resource, after which Ecuador assets may be sold or spun off (company intention).
15 Apr 2024agm notice● Neutral
AGM set for 31 May 2024; director nominations close 22 April 2024. Administrative notice only.
2 Apr 2024capital raising announcement▲ GoodMajor
A$5.64m placement of 66.4m shares at 8.5c, a 6% premium, to an affiliate of Argentine businessman Eduardo Elsztain (about 5%), with a free 14c option for 12 months. Investor gets a board nominee. Funds the PFS while strategic funding talks continue.
What it means for a shareholder
66.4m new shares at A$0.085 to raise about A$5.6m. That's 5.0% dilution: every existing holder's slice gets 5.0% smaller. If you held A$1,000 of shares (11,765 at the issue price), your slice goes from 0.000933% to 0.000886% of the company. To keep it you'd need 619 more shares - about A$53 at the issue price.
Create a free account to see this worked out for your own holding.
28 Mar 2024annual report● Neutral
Statutory accounts for the year to 31 December 2023. Visible text is only the contents, directors' details and directory; no financial figures seen. Dr Sonia Delgado joined as executive director on 28 November 2023.
31 Jan 2024quarterly activities report● Neutral
December quarter: Hualilan Scoping Study completed (EBITDA US$738m, payback under 1.25 years, AISC US$830/oz). Cash fell to A$4.3m; net spend A$2.7m. Company is seeking a strategic investor, royalty/stream or non-dilutive funding for the feasibility study; Ecuador 43-101 report awaited.
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.
31 Oct 2023quarterly activities report● Neutral
September quarter: cash A$7.0m, net spend A$4.9m. Ecuador headcount cut 90%, lowering spend to about US$120k a month. Hualilan Scoping Study work is complete and in peer review. Cyanide leach tests continue to look promising, and the El Guayabo resource update has begun.
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.
31 July 2023quarterly activities report● Neutral
June quarter report: cash A$12.0m after the placement, net spend A$5.5m. Drilling at Hualilan and Ecuador is finished, and a 15% further cost-cutting program has started. Text restates the El Guayabo resource and regional results.
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.