GTE 2017 in review

Hi  everybody,
with the latest quarterly data given to us yesterday, here is my summary
for GTE's 2017 calendar year:

GTE 2017  Quarterly  Activities  and  Cashflow  Reports  
Updated Jan 31^st 2018​

	Column 1	Column 2	Column 3	Column 4	Column 5
0	EVENT	Quarter 1  2017	Quarter 2  2017	Quarter 3  2017	Quarter 4  2017 Jan 31st  2018 UPDATE
1	ASX Share Price Start End	------------ Jan – 2nd 1.3c Mar – 27th 1.5c	----------- Apr – 3rd 1.4c June – 26th 1.1c	----------- July – 3rd 1.4c Sep – 25th 1.3c	---------- Oct – 2nd 1.4c Jan – 2nd 2.6c
2	Appointed Directors	Chairman - Kevin Somes Managing Director – Jordan Duckett Executive Director – Ian Kerr Non Exec Director Terry Grammer	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)	Chairman - Kevin Somes Managing Director – Jordan Duckett Non Exec Director – Terry Grammer Non Exec Director - Rimas Kairatis	Chairman - Kevin Somes Managing Director – Jordan Duckett Non Exec Director – Terry Grammer Non Exec Director - Rimas Kairatis
3	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	NIL THIS  QUARTER 584.473m	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
4	Expenditures during Quarter	Exploration & Evaluation $ 125,000 Administration $ 62,000 Tenements – new $ 148,000	Exploration & Evaluation $ 179,000 Administration $   78,000 Tenements – new $ 435,000	Exploration & Evaluation $ 297,000 Administration $ 112,000 Tenements – new $ 83,000	Exploration & Evaluation $ 574,000 (EXPECTED E &E Q1  2018 $550,000) Administration $328,000 (EXPECTED Admin Q1  2018 $230,000) Tenements – new $71,000
5	Cash at beginning and end of Quarter	Beginning $ 620,000 End $ 522,000	Beginning $ 522,000 End $ 680,000	Beginning $   680,000 End $1,799,000	Beginning $ 1,799,000 End $3,844,000
6	EVENT	Quarter 1  2017	Quarter 2  2017	Quarter 3  2017	Quarter 4  2017
7	COMPANY PROJECTS	ACTIONS (Quarterly Activities Reports) Q1 2017 (Apr 28 2017) ACTION - summaries	ACTIONS (Quarterly Activities Reports) Q2 2017 (July 28 2017) ACTION - summaries	ACTIONS (Quarterly Activities Reports) Q3 2017 (Oct 31 2017) ACTION - summaries	ACTIONS ---------------------
8		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.	YANDAL WEST GOLD  PROJECT  -rock chip samples taken; detailed aeromagnetic survey completed; aeromagmentic interpretation well advanced by Newexco Consultants.	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.	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
9		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	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.	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.	YERRIDA NORTH  JV Sandfire has done nothing, Dec 16 2017 – yet ! -----------------
10		YERRIDA SOUTH  - GTE can now focus on its southern 965 sq. kms for copper and cobalt.	YERRIDA  SOUTH  PROJECT  - CHISEL PROSPECT  - Geophysical gravity data survey undertaken Newexco Consultants, shows a shallow anomaly, which may be a copper deposit.	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.	YERRIDA SOUTH  PROJECT  - Chisel – detailed gravity survey done. COMING UP  FEB  2018 DRILL PLANNING  HAS  COMMENCED ------------------
11		---------------------	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)	--------------------	FAIRBAIRN Copper-Cobalt-Nickel COMPILING DATA on this area  AT  THE  MOMENT. COMING UP  FEB  2018 Announcement WHEN  COMPLETED
12	EVENT	Quarter 1  2017	Quarter 2  2017	Quarter 3  2017	Jan 31st 2018 Update Quarter 4  2017

CONCLUSIONS:  
1. GTE is cashed up ($3.844m  IN  THE  BANK)  for serious drilling this quarter (Q1 2018) and beyond.
2. $550,000 has been allocated for this Quarter's drilling expenditures, FOUR times more than  Q1 2017.  We're getting serious folks.
3.   Drill planning has begun at Chisel  (copper)  this site looks very  interesting indeed, guessing April 2018.
4. Fairbairn  (copper-cobalt-nickel)  is  FINALLY  getting some attention, looks like May-June 2018.

Hope this info  helps you.

Cheers

Bluequartz