| 1 |
EVENT
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Quarter 1 2017
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Quarter 2 2017
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Quarter 3 2017
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Quarter 4 2017
Jan 31st 2018
UPDATE
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| 2 |
ASX Share Price
Start
End
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Jan – 2nd 1.3c
Mar – 27th 1.5c
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Apr – 3rd 1.4c
June – 26th 1.1c
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July – 3rd 1.4c
Sep – 25th 1.3c
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Oct – 2nd 1.4c
Jan – 2nd 2.6c
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| 3 |
Appointed Directors
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Chairman - Kevin Somes
Managing Director – Jordan Duckett
Executive Director – Ian Kerr
Non Exec Director Terry Grammer
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Chairman - Kevin Somes
Managing Director – Jordan Duckett
Non Exec Director – Terry Grammer
Non Exec Director - Rimas Kairatis
(Resigned from the Board and now Field Manager - Ian Kerr)
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Chairman - Kevin Somes
Managing Director – Jordan Duckett
Non Exec Director – Terry Grammer
Non Exec Director - Rimas Kairatis
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Chairman - Kevin Somes
Managing Director – Jordan Duckett
Non Exec Director – Terry Grammer
Non Exec Director - Rimas Kairatis
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| 4 |
Fundraising during
Q.
Total Ordinary Shares End of Qrtr
|
20.0 million shares at 1.25c and 25.0m options at 2.0c June 30 2020 (Q1 Mar 30th, Apr 28 ASX)
Raised - $250,000
584.473m
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NIL THIS QUARTER
584.473m
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230 million shares at 1.1c raising $2.5m (Q3 Sep 30th, Oct 31 ASX)
Purpose: drilling and exploration at Yandal Gold Project (Ives, Harris and May Queen); and exploration of Yerrida and Fairbairn projects.
Raised- $1,661,000
(ASX Q3 Cashflow Oct 31)
814.473m
|
Gross Raised -$3,229,000
Less cost of raise- $213,000
Raised -$3,016,000
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| 5 |
Expenditures during Quarter
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Exploration & Evaluation
$ 125,000
Administration
$ 62,000
Tenements – new
$ 148,000
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Exploration & Evaluation
$ 179,000
Administration
$ 78,000
Tenements – new
$ 435,000
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Exploration & Evaluation
$ 297,000
Administration
$ 112,000
Tenements – new
$ 83,000
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Exploration & Evaluation
$ 574,000
(EXPECTED E &E Q1 2018 $550,000)
Administration
$328,000
(EXPECTED Admin Q1 2018 $230,000)
Tenements – new
$71,000
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| 6 |
Cash at beginning and end of Quarter
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Beginning
$ 620,000
End
$ 522,000
|
Beginning
$ 522,000
End
$ 680,000
|
Beginning
$ 680,000
End
$1,799,000
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Beginning
$ 1,799,000
End
$3,844,000
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| 7 |
EVENT
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Quarter 1 2017
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Quarter 2 2017
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Quarter 3 2017
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Quarter 4 2017
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| 8 |
COMPANY PROJECTS
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ACTIONS
(Quarterly Activities Reports)
Q1 2017 (Apr 28 2017)
ACTION - summaries
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ACTIONS
(Quarterly Activities Reports)
Q2 2017 (July 28 2017)
ACTION - summaries
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ACTIONS
(Quarterly Activities Reports)
Q3 2017 (Oct 31 2017)
ACTION - summaries
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ACTIONS
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| 9 |
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YANDAL WEST GOLD PROJECT - potential for Ives/Harris to be similar to Mt MClure or Bronzewing gold deposits, 55km away to the south and south-west.
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YANDAL WEST GOLD PROJECT -rock chip samples taken; detailed aeromagnetic survey completed; aeromagmentic interpretation well advanced by Newexco Consultants.
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YANDAL WEST GOLD PROJECT -
Three components to Yandal West: Ives Find (100% GTE) , Harris Find (80% GTE) and May Queen.
Continuing infill soil sampling undertaken, 1,033 samples so far.
May Queen area, has been found to have a 3.5km x 1.5km wide gold-in soil anomaly.
Preliminary completion of aeromagnetic interpretation of area by Newexco Consultants has identified May Queen as highly prospective.
A 3,000m RC drill program to begin at May Queen in October.
The first phase of this program to be available by early DECEMBER.
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YANDAL WEST GOLD PROJECT -
44 holes drilled
3,965m
Phase 2 of Drilling (3rd round)
To have started Jan 21st
DELAYED DUE TO CYCLONIC RAINS
COMING UP FEB 2018
RC & Diamond drilling
Over COMING MONTHS
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| 10 |
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YERRIDA PROJECT - Yerrida North. Farm-in agreement with Sandfire Resources NL being presently negotiated. SFR gets 70% and first 50,000 tones of in-ground copper
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YERRIDA NORTH JV - Sandfire (SFR) to commit $1.7m over 3 years; GTE to receive $0.5m in SFR shares as part of the transaction.
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YERRIDA NORTH JV - Sandfire (SFR) to commit $1.7m over 3 years; GTE to receive $0.5m in SFR shares as part of the transaction. The Sandfire JV agreement was completed on the 9th of June.
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YERRIDA NORTH JV
Sandfire has done nothing, Dec 16 2017 – yet !
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| 11 |
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YERRIDA SOUTH -
GTE can now focus on its southern 965 sq. kms for copper and cobalt.
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YERRIDA SOUTH PROJECT -
CHISEL PROSPECT -
Geophysical gravity data survey undertaken Newexco Consultants, shows a shallow anomaly, which may be a copper deposit.
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YERRIDA SOUTH PROJECT -
Two prospects have been identified: Chisel (for copper) and Frustration Well.
CHISEL: GTE finalized a detailed 100m x 50m Gravity Survey to commence on Oct 28th. To follow will be precise 3D modeling of the area, then a high impact target drilling program.
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YERRIDA SOUTH PROJECT -
Chisel – detailed gravity survey done.
COMING UP FEB 2018
DRILL PLANNING HAS COMMENCED
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| 12 |
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CORPORATE NEWS: Mr Rimas Kairatis appointed as Non Exec Director. He is to focus on the Yandal Gold Project. He is a geologist with over 24 years experience, and has managed gold exploration companies from exploration to production. (May 31 ASX)
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FAIRBAIRN Copper-Cobalt-Nickel
COMPILING DATA on this area AT THE MOMENT.
COMING UP FEB 2018
Announcement WHEN COMPLETED
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| 13 |
EVENT
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Quarter 1 2017
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Quarter 2 2017
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Quarter 3 2017
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Jan 31st 2018 Update
Quarter 4 2017
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