Past year: ▼ 50%(0.30c – 1.90c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
29 Oct 2021quarterly activities report● Neutral
Quarter to 30 September 2021: Octanex earned its further 15% for 80% of the 2,585 km2 Sefton project, with a contributing JV to be formed with Reindler. Lag results again show low-level gold anomalies (peak 5 ppb); a further sampling round has started.
8 Oct 2021other● Neutral
Appendix 4G corporate governance statement for the year to 30 June 2021, pointing to the company website. Administrative filing with no new operational or financial information.
29 Sept 2021annual report● Neutral
Annual report for year to 30 June 2021. The chairman says the company has shifted from offshore petroleum to gold and base metals, citing negative sentiment toward carbon fuels. Five Sefton licences (2,105 km2) are granted and Octanex is earning 80%. Financial figures not visible in the readable text.
15 Sept 2021drilling progress report● Neutral
A third lag sampling campaign has begun at Sefton, expected to take about three weeks, covering unsampled areas and infill around known anomalies. Results will help design aircore/RAB drilling. No new results.
12 Aug 2021drilling result▲ GoodMajor
Second-round lag sampling at Sefton found peak gold of 5 ppb, 31 samples above 1 ppb and ten above 1.5 ppb, extending anomalism along about 10 km of strike. Octanex is planning shallow aircore/RAB drilling in 2022. These are low-level surface anomalies, not a discovery.
27 July 2021quarterly activities report● Neutral
Quarter to 30 June 2021: $750,000 placement completed, two more Sefton licences granted (2,105 km2 granted), and Hope Campbell applications lodged at 100%. May–June lag sampling is awaiting assays. Ascalon remains in studies-only year 6, ending February 2022.
7 July 2021farm in farm out completion▲ GoodMajor
Octanex has earned its 65% of Sefton by funding $500,000 and elected to earn a further 15% (80% total) by spending $225,000 and issuing 1,153,846 shares to Reindler. This advances the Reindler agreement; further lag results are due August 2021.
1 June 2021regulatory community update▲ Good
Two more Sefton licences (E38/3417 and 3418) were granted, so five licences now cover about 2,105 km2, with 480 km2 still under application. Octanex also applied for three licences (1,357 km2) called Hope Campbell, southeast of Sefton.
18 May 2021drilling progress report● Neutral
A second lag sampling program began at Sefton, expected to take about three weeks. It covers untested ground and infill around the six known gold anomalies. No new results yet.
5 May 2021capital raising announcement▲ GoodMajor
Octanex raised $750,000 from a placement of 15M shares at 5 cents, with one free option for every two shares (7.5c, expiring April 2023). Funds go to Sefton exploration. Shares on issue rise to 257.8M, following the cash of $311k at March.
What it means for a shareholder
15.0m new shares at A$0.050 to raise about A$750,000. That's 5.2% dilution: every existing holder's slice gets 5.2% smaller. If you held A$1,000 of shares (20,000 at the issue price), your slice goes from 0.00733% to 0.00695% of the company. To keep it you'd need 1,100 more shares - about A$55 at the issue price.
Create a free account to see this worked out for your own holding.
4 May 2021investor presentation● Neutral
May 2021 presentation pitching Sefton as a search for large gold systems under cover. Lists cash of $311k at 31 March, no debt, 242.8M shares and the board. Repeats known Sefton results; no new transaction.
29 Apr 2021quarterly activities report● Neutral
Quarter to 31 March 2021: three Sefton licences granted in January; first lag sampling found peak gold of 3.2 ppb and six anomalies above 1.5 ppb. More sampling planned from May 2021. Repeats the 27 April results; the investor presentation gives cash of $311k at 31 March.
27 Apr 2021admin correction● Neutral
Re-release of the 27 April Sefton update correcting the gold units in the Table 1 header to ppb. No change to the results or conclusions.
27 Apr 2021drilling result▲ GoodMajor
First-pass lag sampling on the newly granted Sefton licences found peak gold of 3.2 ppb and six anomalies above 1.5 ppb, which Octanex calls encouraging. More sampling is planned. These are low-level geochemical anomalies, not a drilled discovery.
13 Apr 2021price query● Neutral
ASX queried a rise in the share price from a low of 1.7 cents on 7 April 2021 to an intraday high of 9.5 cents on 13 April. Octanex said it knew of no unannounced information and could offer no explanation.
12 Mar 2021half year report● Neutral
Half-year to 31 December 2020: loss of $119,579 versus $4,934,887 a year earlier. No shares issued; 29,889,107 trust-held shares were cancelled. Board unchanged. Repeats the Sefton licence grants and Ascalon status.
27 Jan 2021quarterly activities report▲ GoodMajor
Quarter to 31 December 2020: three Sefton exploration licences were granted in January 2021, turning applications into tenure. Ascalon year 6 received a twelve-month suspension and extension, now ending February 2022. 29,889,107 trust-held shares were cancelled for no payment.
21 Dec 2020security holder rights change● Neutral
Cover notice attaching an ASIC Form 484 recording a cancellation of shares. The text gives no numbers; the next quarterly report shows it is the 29.9M shares held in trust, approved at the November meeting.
27 Nov 2020security holder rights change● Neutral
Shareholder approval is sought at the 27 November AGM to grant a director 4,000,000 options at an exercise price of 1.95 cents. Outcome to be announced later that day.
19 Nov 2020agm notice● Neutral
Guide to the 27 November 2020 shareholder meeting, held virtually because of COVID-19 restrictions. Shareholders vote by proxy or electronic poll. No company presentation will be given. Administrative only.
26 Oct 2020other● Neutral
Appendix 4G corporate governance statement for year to 30 June 2020, pointing to the company website. Administrative filing with no new operational or financial information.
23 Oct 2020annual report● Neutral
Annual report for year to 30 June 2020 with chairman's letter: strategy widened to include strategic metals and rare earths alongside precious metals, via Sefton applications. Ascalon evaluation continues at 100%. Repeats the earlier annual financial report.
22 Oct 2020quarterly activities report● Neutral
Quarter to 30 September 2020: after reconnaissance, Octanex withdrew one Sefton licence application and applied for four new ones, designed to exclude Aboriginal Reserves. The Sefton project covers a net 2,587 km2. Ascalon remains in studies-only year 6.
29 Sept 2020annual report● Neutral
Annual financial report for year to 30 June 2020 (text truncated): describes the new Sefton gold strategy, completed geological reconnaissance, and Ascalon (WA-407-P, 100%) continuing. Board unchanged. No new transaction or figures visible in the readable text.
28 July 2020quarterly activities report● Neutral
Quarter to 30 June 2020: geological reconnaissance completed in the Sefton gold area. Sefton licences remain applications, held under an agreement with Christopher Reindler giving Octanex 65% or 80% on meeting spending. Ascalon (WA-407-P, 100%) remains in a studies-only year 6.
30 Apr 2020quarterly activities report▼ BadMajor
Quarter to 31 March 2020: WA-407-P (100%) work program now amended to studies rather than a well. Octanex decided not to renew WA-420-P, which expired. Sefton gold applications are held up by COVID-19 Native Title delays; interest is now stated as up to 80%.
13 Mar 2020half year report▼ Bad
Half-year to 31 December 2019: loss of $4,934,887 versus $2,930,656 a year earlier. Board unchanged. Reports Ascalon studies, a post-period application to swap the WA-407-P year-6 well for studies, and WA-420-P year 6 ending February 2020.
31 Jan 2020quarterly activities report● Neutral
Quarter to 31 December 2019: Octanex applied to replace the year-6 Ascalon appraisal well commitment on WA-407-P with geotechnical studies, and is weighing whether to renew WA-420-P. Six Sefton gold licence applications remain pending; work is desktop target generation.
31 Oct 2019quarterly activities report● NeutralMajor
Quarter to 30 September 2019: Octanex expands its strategy to include greenfields gold exploration, applying for six exploration licences in WA's Sefton Lineament (Eastern Goldfields). Ascalon appraisal studies continue and a partner is still sought. Operating cash use was $611K.
22 Oct 2019other● Neutral
Appendix 4G corporate governance statement for year to 30 June 2019, pointing to the company website. Administrative filing with no new operational or financial information.
