Past year: ▲ 1131%(11.5c – 2.07 AUD)
Each one in plain English, with the numbers worked through for a shareholder.
20 Aug 2021drilling result▲ Good
First deep Sentazon hole GNDD-314 returned 2.8m at 62.5 g/t AuEq in the new Footwall Zone, extending it 75m down dip, plus 17.5m at 1.9 g/t in the main manto. Highest grades yet at Sentazon; further deep holes' assays pending.
19 Aug 2021investor presentation● Neutral
Virtual Gold Conference presentation on the Hualilan project in Argentina and the Ecuador projects. Highlights state Hualilan is now 100% owned, with a historical resource of 500,000 oz gold; no new drilling results were shown.
16 Aug 2021other● Neutral
Notice that the MD will present at the Virtual Gold Conference on 19 August 2021. No new information.
12 Aug 2021drilling result▲ GoodMajor
First 13 holes of the Sentazon follow-up program doubled the dip extent of high-grade mineralisation to 200m and confirmed a second footwall zone, including 16.9m at 16.9 g/t AuEq. The program is expanded to 32 holes, with at least one of nine rigs dedicated.
4 Aug 2021agm notice● Neutral
Letter advising a General Meeting on 3 September 2021 in West Perth, with online Zoom access. Administrative; likely the meeting for the 64m-share Hualilan approval (inference, as the letter does not state the agenda).
2 Aug 2021quarterly activities report▲ Good
June quarter report: 85 holes (21,939m) drilled at Hualilan, cash A$47.5m after the A$42.1m placement (BlackRock A$20m). Restates the move to 100% of Hualilan and the Ayen licences; 129,000m of drilling remains over 11 months. Mostly repeats known results.
29 July 2021drilling result▲ GoodMajor
33 step-out holes on the Magnata Fault all hit mineralisation; GNDD-288 returned 14.2m at 13.6 g/t AuEq, over 100m deeper than before. Mineralisation now spans 400m strike and 400m depth, open in all directions. A third high-grade zone was identified.
21 July 2021drilling result▲ Good
Follow-up testing on low-grade intrusion-hosted material lifted concentrate grade from 31.4 to as high as 53.6 g/t gold, with gold recovery slipping from 94.9% to 93.4%. The company expects payability above 90% and lower transport costs. Builds on May's 94.9% result.
9 July 2021asset acquisition disposition▲ GoodMajor
CEL agreed to move from 25% to 100% of Hualilan: 50m shares for the 50% previously needing a DFS, plus 64m shares and US$3.69m cash for the last 25%. Needs shareholder approval; cash is due by 30 July. COO Sergio Rotondo joins the board.
1 July 2021drilling result▲ GoodMajor
Channel sampling in the Hualilan Hills returned the highest grades yet, including 15.6m at 71.7 g/t AuEq (4.0m at 203.8 g/t) and 64.8m at 28.3 g/t. The company will buy a ninth, man-portable rig to drill the undrilled up-dip zone.
25 June 2021security holder rights change● Neutral
Notice that 100.7m shares, 85.4m options and 120m performance shares come out of escrow on 4 July 2021. Only the ordinary shares will be quoted. Administrative, matching the escrow already known.
16 June 2021drilling result▲ GoodMajor
Drilling at Verde, found in March, shows mineralisation over 1km of strike, including 155.5m at 0.7 g/t AuEq and 52.0m at 1.2 g/t. The company thinks it may be a continuous 1.2km zone, still open. Eight rigs are expected on site by end-June.
3 June 2021drilling result▲ GoodMajor
Underground channel sampling found high-grade mineralisation 550m south of previous drilling, including 13.0m at 15.5 g/t AuEq, extending Hualilan's strike from 2.1km to 3.1km (about 50%). Completed adit sampling supports a continuous high-grade zone from Magnata to Sentazon.
20 May 2021investor presentation● Neutral
May corporate update presentation on Hualilan and Ecuador. Readable text is disclaimers and an overview only; no new results are visible.
17 May 2021other● Neutral
Invitation to a Broker Briefing investor webinar on 20 May 2021 presented by the Managing Director. No new information.
17 May 2021drilling result▲ GoodMajor
First metallurgical test on lower-grade intrusion-hosted material gave 94.9% gold recovery by gravity plus flotation, better than the 91-94% on high-grade skarn in February. Concentrate from high-grade material is very low in arsenic; the company says early off-taker talks suggest high payability.
11 May 2021investor presentation● Neutral
Presentation supporting the placement announced the same day, covering Hualilan and Ecuador. Text shown is mostly disclaimers; no new figures are visible in the readable portion.
11 May 2021capital raising announcement▲ GoodMajor
Firm commitments for an A$42.1m placement at A$0.28, to fund buying the remaining 25% of Hualilan, 120,000m of drilling and studies. Also, Hualilan ground is lifted four-fold to about 80 sq km via the 'Ayen' licence grant, three more licences and a farm-in. Cash would reach A$54.2m before costs.
5 May 2021drilling result▲ GoodMajor
New Hualilan holes include 69.2m at 3.4 g/t AuEq (GNDD-196) and 44.0m at 3.3 g/t (GNDD-204). Magnata intrusion-hosted mineralisation is extended 200m north, with a 400m northern target. Gap Zone infill found unexpected high-grade zones. Further assays pending.
30 Apr 2021quarterly activities report● Neutral
March quarter report: 70 holes (17,713m) drilled at Hualilan, cash A$11.0m at quarter end, plus the A$3.5m RiverFort advance after quarter end. Net spend about A$4.4m. A 15,000m Ecuador drill program is targeted for June/July. Restates known results.
20 Apr 2021drilling result▲ Good
More channel sampling at Hualilan includes 96.5m at 15.4 g/t AuEq at Cerro Norte, plus 22.5m at 12.9 g/t AuEq at Magnata. It extends high-grade mineralisation up-dip of drilling and supports the planned maiden JORC resource including near-surface material.
20 Apr 2021capital raising announcement▲ GoodMajor
The 45,000m program finished and a new fully funded five-rig, 30,000m program started at Hualilan, backed by a A$3.5m advance from RiverFort against deep in-the-money options. The advance carries 6% interest, a A$105,000 fee and conversion at 40 cents via 10m options. Cash is about A$14.5m.
14 Apr 2021drilling result▲ Good
Magnata Fault step-out drilling at Hualilan returned 5.2m at 21.0 g/t AuEq (GNDD-189) and 21.8m at 4.5 g/t AuEq (GNDD-203), extending mineralisation 100m deeper to 260m vertical. Assays are pending for 19 more Magnata holes, and 15 more holes are planned.
25 Mar 2021drilling result▲ GoodMajor
Hole GNDD-182 unexpectedly hit 4.3m at 36.6 g/t AuEq (31.8 g/t gold) of high-grade skarn, almost 200m from the nearest previous high-grade skarn hole. It is the first such skarn found west of the Gap Zone intrusives, and a down-dip follow-up hole is being fast-tracked.
23 Mar 2021drilling result▲ GoodMajor
First rock-saw channel samples from the Main Manto at Hualilan return 71m at 10.8 g/t AuEq, including 6m at 89.3 g/t gold. Results suggest near-surface mineralisation is thicker than historical sampling showed, supporting a planned JORC resource; the sampling program is being expanded.
17 Mar 2021investor presentation● Neutral
Presentation at the APAC 121 Mining Investment conference restating Hualilan (earning up to 75%, historical 627koz at 13.7 g/t), Ecuador and the 45,000m drilling program, with A$15.1m cash at 31 December 2020. Readable text shows no new results.
2 Mar 2021drilling result▲ GoodMajor
Three step-out holes at Hualilan's Cerro Norte, in an area with no outcrop or previous drilling, hit mineralisation, including 125.5m at 1.1 g/t AuEq (GNDD-169). The company calls it a second 'Western Zone' trend about 200m west of the Gap Zone, with similar geophysical targets still to test.
2 Mar 2021half year report● Neutral
Half-year to 31 December 2020: reported profit after tax of A$720,377 (versus a A$687,168 loss a year earlier), cash about A$15.1m, and exploration spend A$8.6m. Highlights restate the A$20m raising at 20 cents and the 45,000m Hualilan program. Nothing materially new.
22 Feb 2021drilling result▲ GoodMajor
Phase 1 metallurgical tests on Hualilan skarn at SGS give gold recoveries of 91-94% and silver 84-86% by gravity plus flotation, versus about 80% in historical testing. Resolves the pending Phase 1 results; Phase 2 and intrusion testing follow.
11 Feb 2021drilling result▲ GoodMajor
Gap Zone intrusion holes return 227m at 1.0 g/t AuEq (GNDD-113A), 209m at 1.1 g/t and 207.5m at 0.8 g/t. The company says the intrusion-hosted system now spans 2km of strike and the Gap Zone footprint has doubled. Many southern assays still pending.
