Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 Jan 2023quarterly activities report● Neutral
December quarter net spend was A$9.1m, leaving cash of A$15.4m (A$25.3m at September). Rigs are being cut and spend is forecast to fall. Updated Hualilan resource is now due in March, with a further update in H2 2023 on 250,000m.
18 Jan 2023drilling result▲ GoodMajor
All 11 remaining El Guayabo regional holes hit, with discoveries on 4 of 8 anomalies. GY-B Phase 2 hole GYDD-22-024 returned 108.5m at 2.4 g/t AuEq including 54.2m at 4.0. Resource drilling on GY-A is underway toward the maiden resource.
23 Dec 2022material agreement▲ GoodMajor
Mining Plus is appointed to manage the Hualilan Scoping Study, which includes a staged start-up option on the 1.1Moz at 5.6 g/t high-grade core. It will use the updated resource due Q1 2023; completion is expected Q2 2023, in line with the earlier first-half 2023 plan.
12 Dec 2022admin correction● Neutral
Company is changing its financial year end from 30 June to 31 December, effective 1 July 2022. A six-month report to 31 December 2022 will follow, and the next AGM will be held by end of May 2023. Administrative.
7 Dec 2022drilling result▲ GoodMajor
Hualilan drilling finds a new deep high-grade zone, 'Sentazon Deeps', including 50.0m at 3.4 g/t AuEq with 22.5m at 7.0 g/t. Mineralisation extends over 100m south and 400m downdip of the 2.1Moz resource boundary, feeding an updated resource planned for Q1 2023.
25 Nov 2022security holder rights change● Neutral
New company constitution adopted by special resolution of shareholders on 25 November 2022, the AGM date. Covers share rights, minimum holdings and transfers. Text visible is only the contents page, so what changed from the old constitution is not stated.
25 Nov 2022security holder rights change● Neutral
Employee Incentive Securities Plan lodged on the AGM date, setting rules for granting options and performance rights to staff and others. Visible text is only the contents page, so limits, terms and any dilution are not stated.
3 Nov 2022investor presentation● Neutral
Corporate update for the IMARC conference, repeating known results. Notes a 15.5c share price on 28 October, 1,045m shares, A$25.0m cash, and Queen's Road Capital holding about 8% after debenture conversion. No new results.
31 Oct 2022drilling result▲ Good
First Hualilan results after the 2.1Moz resource extend Verde and Magnata, including 65.3m at 2.4 g/t AuEq and 12.2m at 11.0 g/t. Some holes lie 1km west of the resource boundary; management expects the resource to grow. Part of the 29,000m of assays pending.
28 Oct 2022quarterly activities report● Neutral
September quarter: net spend A$9.3m, cash A$25.3m after the A$24.7m raise (A$10.4m at June). Spend is expected to fall as Hualilan drilling runs at 20,000-22,000m over two quarters. Updated resource then Scoping Study due first half 2023.
25 Oct 2022other● Neutral
Corporate governance statement for the year to 30 June 2022, approved 25 October 2022. It says the company follows most ASX recommendations and has no board committees, with the full board doing those duties. Administrative.
25 Oct 2022annual report● Neutral
Annual report to 30 June 2022. The Chairman recaps the 2.1Moz Hualilan resource, 204,000m drilling done with 29,000m of assays pending, and Ecuador discoveries. Plans an updated resource and a Scoping Study in the first half of 2023. Repeats known facts.
25 Oct 2022other● Neutral
Appendix 4G, a standard form pointing to where the company's corporate governance disclosures can be found, lodged with the annual report. No substantive information.
6 Oct 2022agm notice● Neutral
AGM set for 25 November 2022, with director nominations closing 14 October 2022. Notice of meeting due in October. Administrative only; the AGM is where the September debenture issue was to be ratified.
5 Oct 2022drilling result▲ GoodMajor
Next five Colorado V holes extend both discoveries, including 402.8m at 0.6 g/t AuEq and 62.4m at 1.8 g/t within 773.9m at 0.4 g/t. First wide higher-grade zone there; three holes ended in mineralisation. Builds on earlier 500m-plus hits.
30 Sept 2022annual report● Neutral
Statutory accounts for the year to 30 June 2022. The visible text covers the board and highlights: the 2.1Moz maiden Hualilan resource, the 204,000m drill program completed with a further 50,000m started, and completed 100% acquisitions of Hualilan and El Guayabo. Financial figures not visible.
21 Sept 2022drilling result▲ Good
More post-resource Hualilan holes extend Verde and Magnata mineralisation, e.g. 11.0m at 9.1 g/t AuEq, some by 200m. The funded extra 50,000m takes the Hualilan program to 254,000m; 29,000m of assays remain pending for the updated resource.
9 Sept 2022investor presentation● Neutral
Presentation on the roughly A$25m raise, repeating the same-day announcement and prior drilling results from Hualilan, El Guayabo and Colorado V. No new information visible.
9 Sept 2022capital raising announcement▲ GoodMajor
CEL signed US$15m (about A$22.1m) of unsecured convertible debentures with Queen's Road Capital, convertible at A$0.25, a 30% premium to the 5-day VWAP, 9% coupon, four-year term. Its largest shareholder adds A$2.6m at market, for A$24.7m total. This follows cash falling to A$10.4m; funds a Hualilan scoping study and more drilling.
8 Sept 2022investor presentation● Neutral
Notice of an investor webinar on 9 September 2022 with MD Kris Knauer, including Q&A. No new results or company information.
29 July 2022quarterly activities report● Neutral
June quarter: net spend A$10.0m, cash A$10.4m (down from A$19.6m). Hualilan rigs cut from 9 to 3 with 201,500m of 204,000m drilled; Ecuador gets a further 25,000m aimed at a maiden El Guayabo resource. Spend is expected to fall markedly over the next two quarters.
19 July 2022price query● Neutral
ASX queried a rise from A$0.155 to A$0.205. CEL said it knew of no undisclosed information, noting its shares had fallen 48% since 1 June versus the gold index down 26%. Assays from drilling completed by 17 June are pending.
4 July 2022drilling result▲ Good
Three more Colorado V holes extend both discoveries, including 564.1m at 0.4 g/t AuEq; CV-A mineralisation is over 600m wide and extends outside the soil anomaly. Continues the 1 July-era run of hits; five of fifteen anomalies drilled.
24 June 2022drilling result▲ Good
First Hualilan holes drilled after the 2.1Moz resource cut-off extend mineralisation outside it, e.g. 28.5m at 5.3 g/t AuEq, 60m below the Verde boundary. 197,000m of the 204,000m program is done; management expects the resource to grow, with assays pending.
6 June 2022drilling result▲ GoodMajor
First two Colorado V holes both hit about 500m of mineralisation from surface, e.g. 528.7m at 0.5 g/t AuEq, confirming two discoveries on soil anomalies 1km long. Two more El Guayabo holes confirm 1km of continuous mineralisation. Five of fifteen soil anomalies now drilled, all hit. Grades are modest.
1 June 2022investor presentation● Neutral
Investor presentation on the 2.1Moz maiden Hualilan resource, repeating the same-day announcement. Also notes El Guayabo and the first two Colorado V holes logged with over 500m of sulphides, assays pending. No new results.
1 June 2022investor presentation● Neutral
Updated version of the 1 June presentation on the 2.1Moz maiden Hualilan resource, with the 1.1Moz at 5.6 g/t high-grade core. Repeats known results; first two Colorado V holes logged over 500m of sulphides, assays pending. No new information.
1 June 2022resource reserve update▲ GoodMajor
Maiden JORC resource for Hualilan of 2.1 million oz AuEq: skarn 6.3Mt at 5.6 g/t (1.1Moz) and intrusion/sediment-hosted 41.4Mt at 0.8 g/t (1.0Moz). Based on 125,700m of the drilling; scoping study to start after drilling finishes. Replaces the old non-JORC historical estimate.
3 May 2022drilling result▲ GoodMajor
Hualilan metallurgy: average gold recovery lifted to 95% across ore types, with zinc (89%) and lead (77%) recoverable from skarn. Better concentrates and a direct rail route to Rosario Port cut transport costs. Supports the planned scoping study; further testing ongoing.
29 Apr 2022quarterly activities report● Neutral
March quarter: 34,374m drilled at Hualilan and 10,554m in Ecuador. Cash A$19.6m after A$12.4m spend, down from A$27.6m. Added to the All Ordinaries Index. Mostly repeats released results.
