Annuncio • Jul 21
Central Iron Ore Limited Provides Update on Development Work and Studies for British King and Endeavour Projects Central Iron Ore Limited has provided an update on the Development work and studies that are in process or recently completed. British King Mineral Resource Re-estimate has been recently completed. Endeavour Resource Estimate Review has been reviewed and considered suitable to be used for re-optimisation. British King and Endeavour Re-optimisation and combined Schedule is intended to commence next week. Environmental Permits and Approvals follow-up studies that are currently underway include: Fauna, Flora Desktop Review, Subterranean Fauna, Surface Water. The need and scope for further groundwater studies is being reviewed. Mining Development and Closure Proposal draft document is in preparation and will be updated as the required study information becomes available ready for submission to the Department of Mines, Petroleum and Exploration. Work continued through June and July identifying and collecting the required data for each section of this document. A small soil sampling campaign was designed to provide data for the Mine Closure Plan relating to the pre-existing evaporation ponds and old vat leach area. Further samples have been collected from the Endeavour project area. Currently analyses are pending. Mining Lease M37/30 Renewal application was lodged on March 24, 2026 and has been advertised. Central Iron Ore Limited have been notified that the "negotiation in good faith period" with the Native Title Party commenced July 1, 2026. Operating Licence L8891/2015/1 - Under the Environmental Protection Act 1986. The new license L8891/2015/2 was issued on July 3, 2026. British King Preliminary Geotechnical Assessment has been completed. Waste Characterisation for Endeavour: Waste rock samples have been collected from drill holes and are now in Kalgoorlie for cutting and sampling. The Company's South Darlot Gold Project is located approximately 320km northwest of Kalgoorlie in Western Australia and includes the British King Mine Area which is 100% beneficially owned by the Company and the British King Extensions, which is 100% owned by the South Darlot Joint Venture in which the Company holds a 70% interest, which together are National Instrument 43-101 - Standards of Disclosure for Mineral Projects compliant. The British King Mine is 5km southwest of Vault Minerals Darlot Mine. South Darlot Gold Project comprises a number of tenements which are subject to a joint venture with a subsidiary of Vault Minerals, in which Central Iron Ore Limited has earned a 70% interest. The Endeavour Resource is included on these tenements. The British King lease M37/30 is 100% beneficially owned by Central Iron Ore Limited and is National Instrument 43-101 - Standards of Disclosure for Mineral Projects compliant. The British King Mine Area is 5km southwest of Vault Minerals' Darlot Mine includes the British King Mine which is currently in care and maintenance. Project Tenement Status Area (km2): British King M37/30 Granted 0.1, British King L37/162 Granted 0.1, British King L37/191 Granted 0.1. South Darlot Joint Venture (Formerly Barrick Joint Venture Project): The tenements set out in the table below are the subject of a joint venture between Central Iron Ore Limited and subsidiaries of Vault Minerals. They are situated southwest of Vault Minerals' Darlot Gold Mine and are contiguous with Central Iron Ore Limited's current holding in the area. The South Darlot JV Tenements are detailed below. Project Tenement Status Area (ha): South Darlot JV M37/421 Granted 381, South Darlot JV M37/552 Granted 200, South Darlot JV M37/631 Granted 776, South Darlot JV M37/632 Granted 595, South Darlot JV M37/709 Granted 98, South Darlot JV M37/1045 Granted 90. South Darlot Mines Pty Ltd. has a 70% interest in M37/1045, M37/709, M37/631 and M37/552 while Darlot Mining Company Pty Ltd. has a 30% interest. Darlot Mining Company Pty Ltd. is holding a 70% interest in a portion of two additional tenements, M37/421 and M37/632, on trust for South Darlot Mines Pty Ltd. Annuncio • Jun 24
Central Iron Ore Limited Announces Estimated Distribution for the Half-Year Ending 30 June 2026, Payable on 23 July 2026 Central Iron Ore Limited announced Estimated distribution of $0.3003 per unit, for the half-year ending 30 June 2026. Ex-distribution Date is 29 June 2026. Record Date is 30 June 2026. Payment Date is 23 July 2026. New Risk • May 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.9m free cash flow). Shares are highly illiquid. Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Revenue is less than US$1m (AU$112k revenue, or US$80k). Market cap is less than US$10m (CA$6.30m market cap, or US$4.57m). Annuncio • Mar 14
Central Iron Ore Limited announced that it has received AUD 0.317998 million in funding On March 13, 2026, Central Iron Ore Ltd. closed the transaction. Reported Earnings • Feb 25
Second quarter 2026 earnings released: AU$0.005 loss per share (vs AU$0.005 loss in 2Q 2025) Second quarter 2026 results: AU$0.005 loss per share (in line with 2Q 2025). Net loss: AU$182.6k (loss narrowed 3.6% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Annuncio • Feb 11
Central Iron Ore Limited announced that it expects to receive AUD 0.216046 million in funding Central Iron Ore Ltd. announced a non-brokered private placement financing for gross proceeds of up to AUD 216,046.22 through the issuance of up to 3,000,642 units (the "Units") at a price of AUD 0.072 per Unit on February 10, 2026. Each Unit shall consist of one ordinary share in the capital of the Company (each, a "Ordinary Share") and one Ordinary Share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Ordinary Share at a price of AUD 0.12 per Ordinary Share until October 15, 2030. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. New Risk • Feb 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 88% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Shares are highly illiquid. Earnings have declined by 38% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Revenue is less than US$1m (AU$75k revenue, or US$53k). Market cap is less than US$10m (CA$5.58m market cap, or US$4.09m). Annuncio • Jan 29
Central Iron Ore Limited has completed a Composite Units Offering in the amount of CAD 1.834307 million. Central Iron Ore Limited has completed a Composite Units Offering in the amount of CAD 1.834307 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 25,476,484
Price\Range: CAD 0.072
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,739,954
Security Name: Warrants
Security Type: Equity Warrant
Securities Offered: 22,739,954
Transaction Features: Rights Offering New Risk • Dec 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Shares are highly illiquid. Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m (AU$75k revenue, or US$50k). Market cap is less than US$10m (CA$4.02m market cap, or US$2.93m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • Nov 19
First quarter 2026 earnings released: AU$0.005 loss per share (vs AU$0.008 loss in 1Q 2025) First quarter 2026 results: AU$0.005 loss per share (improved from AU$0.008 loss in 1Q 2025). Net loss: AU$170.7k (loss narrowed 41% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Annuncio • Oct 16
Central Iron Ore Limited Appoints Paul Richardson as Director, Effective October 16, 2025 Central Iron Ore Limited announced the appointment of Mr. Paul Richardson as a director, effective immediately. Mr. Richardson has 43 years of experience in mining and mineral process operations including operational experience in Gold, Nickel, Phosphate, Lead, Zinc, Tin, Tantalite and Copper ores. Operations involved open pit and underground mining, including mineral processing by flotation, gravity, electrostatic, magnetic, CIL and dump Leach methods. This includes 36 years in managerial experience as Superintendent, Resident Manager, General Manager and Project Director roles.His Qualifications include C.N.A.A. B.Sc (Hons) Mineral Processing Technology, Associate of the Camborne School of Mines, UK. Annuncio • Oct 03
Central Iron Ore Limited, Annual General Meeting, Nov 25, 2025 Central Iron Ore Limited, Annual General Meeting, Nov 25, 2025. Location: sydney Australia Board Change • Sep 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Sep 17
Central Iron Ore Limited Announces Drilling Update Central Iron Ore Limited announced this Drilling Update. Central Iron Ore announced that the results for the 2025 Phase 1 RC drilling campaign have been finalised. Assay results for the 78-hole, 10,264-meter 2025 Phase 1 RC program has been received and processed. Multiple significant intercepts have been intercepted across the target area some notable down-hole intercepts include: 25BkerC_010: 1m @ 22.20g/t from 144 meters; 25BkerC_013: 2m @ 10.59g/t from 126 meters; 25BkerC-019: 3m @ 15.50g/t from 103 meters; 25BkerC its034: 5m @ 13.26g/t from 112 meters; 25BKERC_036: 1m @ 24.8g/t from 131 meters; 25BKERC-037: 1m @ 25.3g/t from 114 meters; 25BEKRC_031: 2m @ 12.62g/t from 112 meters. Geohydrological investigations are nearing completion. In addition, a program of approximately 801 metres of diamond drilling, comprising eight drillholes, is scheduled to commence in late October. The drilling is designed to support geotechnical studies intended to further inform the assessment and potential advancement of the British King Project toward mining. The British King Mineral Resource is currently being updated to include the results of the recent drilling. Interpretation of the RC drilling assay results has confirmed down dip extension of gold mineralisation across the prospect area as well as the development of three distinct high grade chutes, only one of which was defined by the 2024 resource update. The 2025 drilling has further supported the geological understanding of the deposit: gold mineralisation associates with a primary laminated bucky quartz lode with continuous development for nearly the entire 840 metres of strike targeted by the drilling campaign, gold mineralisation at depth has been confirmed in three areas. The lateral extent of the mineralisation has been defined with additional localised down dip extension identified. Reverse Circulation (RC) drilling samples were collected for every metric meter (m) downhole of the 2025 RC drill program. Sampling was done using a cone splitter mounted on the drill rig cyclone and stored in pre-numbered calico bags (single splits), sample size ranged from 2 to 3kg per meter. Single splits of mineralized intersections up to 3m either side of the expected ore zones were selected for initial assay. Board Change • Sep 02
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Jul 29
Central Iron Ore Limited Announces Drilling Update Central Iron Ore Limited announced this Drilling Update. A second phase of reverse circulation (RC) drilling at the British King Project was completed during the second quarter of 2025. The program covered tenements M37/30 and M37/631, targeting both lateral and vertical extensions of the British King lode. Drilling was carried out between May and June 2025, with a total of 10,262 metres completed across seventy-seven (77) drillholes. 4,694 metres were drilled over thirty (30) holes on tenement M37/30. Assay results for the majority of the program have now been received, with final quality assurance and quality control (QAQC) checks nearing completion. Interpretation of the assay data is currently underway, after which a decision will be made regarding the need for additional infill drilling. An updated Mineral Resource Estimate (MRE), following the 2024 revision, is scheduled for release in Third Quarter 2025. Board Change • Jul 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • May 01
Central Iron Ore Limited Announces Drilling Update Central Iron Ore Limited announced that the next phase of resource expansion drilling at the British King Project in Western Australia has commenced. 78 Reverse Circulation ('RC') drillholes are scheduled to be completed over a 9-week campaign. Highlights: Phase 1 Resource expansion drilling has commenced at British King. 78 RC (Reverse Circulation) drill holes for 10,601m has been planned to further extend in all directions the recently updated British King resource along the entire extent of the deposit. Phase 1 is designed to expand the footprint of the existing British King geological model, whilst drilling at a tight enough collar spacing to allow for an inferred resource to be modelled of the resultant extended British King lode. Planned drilling for 2025 has been structured in two phases: Phase 2 will focus on targeted infill drilling to upgrade the Phase 1 inferred resource to indicated status. The Company's British King Project is located across the British King Mine situated on the M37/30 Mining Tenement, approximately 320km northwest of Kalgoorlie and 60km east of Leinster in Western Australia. Board Change • Mar 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Mar 20
Central Iron Ore Limited Announces Filing of NI43-101 Technical Report Central Iron Ore Limited announced that is has filed a National Instrument 43-101 Technical Report Mineral Resource Estimate, British King Gold Project Western Australia. CIO announced that it has filed an independent technical report titled "Technical Report Mineral Resource Estimate,British King Gold Project Western Australia" prepared by Andrew Bewsher MAIG with an effective date of 20 March 2025 (the "Technical Report"). The Technical Report was prepared in accordance with National Instrument 43-101 - Standards for Disclosure of Mineral Projects. The conclusion of the Technical Report stated: The 2024 RC and diamond drilling programmes completed by CIO has successfully contributed to the increase in geological and grade confidence of the British King MRE. The metallurgical test work completed in 2025 has demonstrated the British King mineralisation is amenable to standard carbon in leach processing with a recovery in excess of 90%. The resultant Indicated and Inferred MRE is 263K tonnes @ 4.51 g/t Au for 38.1K oz at a top cut of 24 g/t Au within an optimised pit shell at AUD 4,500. The Technical Report advises: The completion of a heritage survey, a hydrogeology, geotechnical assessment and a mining study will have the project to a point of CIO being able to submit a mining proposal to DEMIRS Western Australia and having the British King deposit mine ready. Board Change • Mar 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Mar 01
New major risk - Revenue and earnings growth Earnings have declined by 8.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.0m free cash flow). Shares are highly illiquid. Earnings have declined by 8.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m (AU$61k revenue, or US$38k). Market cap is less than US$10m (CA$2.09m market cap, or US$1.45m). Board Change • Feb 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Jan 19
Central Iron Ore Limited Announces Drilling Results Central Iron Ore Limited announced the results for the 2024 Phase 1 Reverse Circulation (RC) drilling campaign at the South Darlot Gold Project and the 2024 Phase 1 Diamond Drilling (DD) at British King have been finalised. Drilling Results: Assay results for all 2,305 samples submitted during the 2024 Fourth Quarter South Darlot Gold Project RC and 2024 Fourth Quarter British King DD drilling campaigns have been received from ALS Laboratories. The quality of the assay results for all the drilling is considered satisfactory with the required Quality Assurance and Quality Control (QAQC) processes having been completed with all results meeting industry standard. Satellite Projects – Fourth Quarter 2024. Interpretation of the RC drilling assay results has further expanded the known mineralisation zones at Mermaid, Sylvia & Kyneton and Weebo North. Multiple significant intercepts were recorded across all the target areas (Table 1). Significant intercepts have been calculated using a cut-off grade of 0.8 g/t with a maximum of 2m internal dilution. Mermaid Drilling: The 10-hole RC program drilled at Mermaid achieved its primary objective testing for lateral extension of the Mermaid lode to the west with 24MERC_003, the most western hole drilled, intercepting 4m @ 3.43g/t from 56m downhole. The secondary target of extending the Mermaid lode down dip was also achieved with all three of the drillholes intersecting a well developed, moderately mineralised quartz-sulphide lode. Significant results for the drilling are: 24MERC_003: 4m @ 3.43g/tAu from 56 meters 24MERC_004: 1m @ 1.97g/t Au from 44 meters 24MERC_006: 6m @ 2.29g/t Au from 55 meters 24MERC_007: 1m @ 0.81g/t Au from 66 meters 24MERC_008: 1m @ 1.07g/tAu from 86 meters 24MERC_009: 1m @ 0.95g/tAu from 84 meters 24MERC_010: 2m @ 1.64g/tAu from 81 meters Sylvia & Kyneton Drilling: A second pass reverse circulation (RC) drilling programme consisting of 9 holes for 600 metres was completed to test for downdip and lateral extension of the Sylvia lode confirmed by the successful 2023 pilot drilling program. The eastern extent of the lode has been defined and the down dip extension has been confirmed. Significant results for the drilling are: 24SKRC_001: 1m @ 9.51g/tAu from 67 meters 24SKRC_002: 1m @ 2.85g/tAu from 69 meters 24SKRC_003: 1m @ 1.27g/tAu from 53 meters 24SKRC_004: 4m @ 3.54g/tAu from 68 meters 24SKRC_005: 1m @ 3.79g/tAu from 26 meters 24SKRC_006: 1m @ 1.69g/tAu from 42 meters 24SKRC_007: 3m @ 2.26g/tAu from 54 meters Weebo North Drilling: Following the successful 2023 maiden RC drill campaign at the Weebo North prospect, a second pass reverse circulation (RC) drilling programme consisting of 12 holes for 630 metres was completed. The drill program was designed to primarily test for lateral and down dip extension of the primary near East West trending auriferous lode as well as 3 holes to test for down dip extension of the near North South trending high-grade lode. The understanding of the prospect has been greatly improved following interpretation of the results with the eastern limits of the East West lode being defined as well as the downdip extension of the lodes remaining open. Significant results for the drilling are: 24WNRC_005: 2m @ 14.85g/t Au from 16 meters 24WNRC_006: 3m @ 1.52g/t Au from 54 meters 24WNRC_011: 2m @ 15.1g/tAu from 56 meters 24WNRC_012: 8m @ 1.02g/tAu from 36 meters 24WNRC_013: 10m @ 2.64g/tAu from 37 meters British King Diamond Drilling Results – Fourth Quarter 2024: Six (6) PQ/HQ diamter diamond drillholes were completed across the British King deposit targeting mineralisation within the Oxide, Transitional and Fresh weathering profiles. The drill core was geologically logged and sampled with large volume, representative samples being sent for fire assay, metallurgical and petrographic test work. The fire assay results have been received with significant intercepts being listed in Table 2 with the metallurgical and petrographic test work still ongoing. Significant intercepts have been calculated using a cut-off grade of 0.8 g/t Au. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.3m free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m (AU$78k revenue, or US$48k). Market cap is less than US$10m (CA$2.09m market cap, or US$1.46m). Annuncio • Nov 01
Central Iron Ore Limited, Annual General Meeting, Nov 29, 2024 Central Iron Ore Limited, Annual General Meeting, Nov 29, 2024. New Risk • Sep 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 44% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$537k free cash flow). Shares are highly illiquid. Revenue is less than US$1m (AU$68k revenue, or US$47k). Market cap is less than US$10m (CA$2.09m market cap, or US$1.55m). Minor Risk Shareholders have been diluted in the past year (44% increase in shares outstanding). Annuncio • Sep 29
Central Iron Ore Limited has completed a Composite Units Offering in the amount of $0.533927 million. Central Iron Ore Limited has completed a Composite Units Offering in the amount of $0.533927 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 10,678,532
Price\Range: $0.05
Transaction Features: Rights Offering Annuncio • Sep 19
Central Iron Ore Limited Provides Drilling Update Central Iron Ore Limited announced this Drilling Update. Central Iron Ore announced that the results for the 2024 Phase 1 RC drilling campaign have been finalised. Highlights: Assay results for the 75-hole, 5 911-meter 2024 Phase 1 RC program has been received and processed. Multiple significant intercepts exceeding has been intercepted across the target area some notable intercepts include; 24BKRC_004: 5m @ 20.52g/t from 110 meters. 24BKRC_007: 3m @ 28.26g/t from 96 meters. 24BKRC_010: 2m @ 24.02g/t from 75 meters. 24BKRC_015: 3m @ 35.61g/t from 58 meters. 24BKRC_028: 7m @ 8.53g/t from 61 meters. 24BKRC_017: 2m @ 2.44g/t from 80 meters. And: 1m @ 6.24g/t from 84 meters. And: 2m @ 26.7g/t from 93 meters. 24BKRC_028: 7m @ 8.53g/t from 61 meters. Commencing in late September, 321 metres of Diamond Drilling (6 drillholes) will twin selected RC drillholes the showed exceptional gold endowment. The diamond drillhole core will provide invaluable structural, mineralogical and metallurgical information The British King Mineral Resource is currently being updated to include the results of the recent drilling. Interpretation of the RC drilling assay results has confirmed high grade gold mineralisation across the prospect area. A clear geological understanding of the ore body has been developed with gold mineralisation associated with a primary laminated bucky quartz lode with continuity for the entire 840m of strike targeted by the drilling campaign. Mineralisation is open down dip and along strike. Twinning diamond drilling of 6 selected high-grade interceptions will commence towards end September 2024 to obtain large volume, representative samples for structural, metallurgical and petrographic test work. The British King Mineral Resource is currently being updated to include the results of the recent RC drilling. The Company’s 100% owned British King Mine Area has a NI43-101 Inferred Mineral Resource of 105,000 tonnes at 6.35 g/t Au for a total of 22,400 ounces. The British King Extensions, 100% owned by the South Darlot Joint Venture in which the Company owns a 70% interest, has an NI43-101 Inferred Resource 71,000 tonnes at 5.64 g/t Au for 12,830 ounces at a gold price of AUD 3,000/ounce. Both Inferred Resources have a top cut of 35 g/t Au (as per NI 43-101 report dated 18/5/2023 entitled “NI43-101 Technical Report South Darlot Gold Project Updated for the 2022-2023 Exploration Western Australia”). The Company’s British King Project is located across the British King Mine situated on the M37/30 Mining Tenement, approximately 320km northwest of Kalgoorlie and 60km east of Leinster in Western Australia . Annuncio • Sep 03
Central Iron Ore Limited Announces Drilling Update Central Iron Ore Limited announced that the next phase of exploration activities at the South Darlot Gold Project in Western Australia has started on the 28th of August 2024, with a total 42 Reverse Circulation ('RC') and 4 diamond holes scheduled to be completed over a 2 to 3 week campaign. Drilling has commenced at the South DarlotGold Project: Drilling has commenced on 42 RC drillholes for 1,968 metres that will further positive results encountered at the satellite prospects at South Darlot and include Mermaid, Sylvia/Kyneton and Weebo. Commencing in September, 200 metres of Diamond Drilling (4 drillholes) will test the primary British King lode. The diamond drillhole core will provide invaluable mineralogical and metallurgical samples. The Company's South Darlot Gold Project includes mining leases M37/421, M37/552, M37/631, M37/632, M37/709 and M37/1045 is located approximately 320km northwest of Kalgoorlie and 60km east of Leinster in Western Australia. CIO are in a joint venture with ASX listed Red 5 Limited who have recently merged with Silver Lake Resources. Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Apr 19
Central Iron Ore Limited Announces Drilling Update Central Iron Ore Limited announced this Drilling Update. South Darlot Joint Venture: The following work programme occurred: Assay results for all 2,812 samples submitted during the 2023 South Darlot Gold Project RC drilling campaign have been received from ALS Kalgoorlie. The quality of the assay results for all the drilling is considered satisfactory with the required Quality Assurance and Quality Control (QAQC) processes having been completed with all results meeting industry standard. Drilling Assay Result Interpretation of the assay results has indicated significant mineralisation with further drilling recommended to extend the new mineralised outline both at depth and laterally being planned. Several significant intercepts further extending the current mineralised extents of the Mermaid deposit: 23MERC_001: 7m @ 1.72g/t from 37 meters; 23MERC_002: 1m @ 3.75g/t from 66 meters; 23MERC_004: 7m @ 2.13g/t from 54 meters; 23MERC_007: 2m @ 3.04g/t from 69 meters. The drilling at Mermaid has been highly successful, further extending the currently defined mineralised lode and highlighting the potential for even further extension of the Mermaid lode down dip and to the south west. Long Section View of the Pierce Point Grade Intercepts of the Mermaid Deposit New Targets. Drilling Assay Result interpretation of the assay results has begun with significant gold anomalism having been identified at the Sylvia & Kyneton and Weebo North prosects. Further exploratory drilling is currently being planned at the Sylvia & Kyn Princeton and Weebo North targets. Highlights: High grade gold mineralisation has been identified in a one- to two-meter-wide fractured quartz vein and its associated wall rock contact zones. A low grade (up to 2 g/t) mineralisation halo is often found in altered wall rock around the auriferous vein. Several significant intercepts from the program include: 23SKRC_002: 1m at 3.26g/t from 19 meters; 23SKRC_004: 1m @ 9.3g/t from 25 meters; 23SKRC_007: 5m @ 3.63g/t from 36 meters; 23SKRC_008: 6m @ 1g/t from 38 meters. Drilling at Weebo North has confirmed high grade gold mineralisation in an area previously not tested by RC drilling. The auriferous lodes at both Sylvia and Kyneton and Weeba North remain open at depth and laterally. Follow up drilling testing the extent of the extension is being planned currently. Cross Section of the Weebo Lode 1 Showing 2023 and Historical Grade Distribution Downhole. Native Title Clearance: Native title clearance processes for portions of the tenements covered by lodged Aboriginal Cultural Heritage is ongoing, preliminary dates for the heritage surveys has been set for the end of May 2024. Following the completion of the heritage surveys, the intent is to drill in the following 3 to 6 months. Annuncio • Jan 26
Central Iron Ore Limited Announce Exploration Update Central Iron Ore Limited announced this Exploration Update. Two geochemical soil sampling programs were undertaken to test for low level gold anomalism on tenements M37/421 and M37/632. A total of 209 samples were collected and dispatched to LabWest Laboratories in Perth for Ultrafine+ geochemical assay. Results for the sampling are yet to be evaluated. A multi target Reverse Circulation (RC) drill campaign was completed across six target areas not influenced by native title clearance on tenements M37/631 and M37/632. Forty-six holes for a total of 2,644 metres was completed over three weeks. Results for the drilling are still pending. Ten reverse circulation resource delineation drillholes for 782 metres were completed. The purpose of these holes was to extend the current mineralised outline both at depth and laterally. This round of drilling further consolidated the Mermaid resource. Following data collation and interpretation during Quarter 3, twenty-seven shallow reverse circulation drillholes for 1,246 metres were completed across the historical mining areas of Sylvia, Kyneton, Weebo, Weebo North and Rose. Initial interpretation of the RC chips has been promising with quartz lodes extending below historical mining. Targeted drilling across the centres of two of the soil geochemical anomaly targets not influenced by Native Title Clearance was completed. Nine reverse circulation drillholes for 616 metres were drilled, initial interpretation of the RC chips has been promising with quartz lodes being intercepted. Native title clearance for a selection of the soil sampling targets is ongoing. Following the completion of likely required heritage surveys, the intent is to drill in the next 3 to 6 months. Board Change • Jan 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Nov 12
Central Iron Ore Limited Announces Commencement of RC Drilling Central Iron Ore Limited announced it has commenced a small RC drilling programme at its South Darlot Gold Project. A small RC programme targeting the Mermaid, Weebo/Weebo North, Rose, Sylvia and Kynton prospects at the 70% owned South Darlot Gold Project commenced this week on Monday 6/11. A total of 2,030 metres have been planned and it is envisaged the programme will be completed within 10 days. Results are expected in mid-December. Board Change • Nov 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Oct 25
Central Iron Ore Limited, Annual General Meeting, Nov 30, 2023 Central Iron Ore Limited, Annual General Meeting, Nov 30, 2023. Annuncio • Sep 22
Central Iron Ore Ltd. Announces the Settlement of Proceedings It Commenced in the Supreme Court of Western Australia Against Silverstream SEZC Central Iron Ore Ltd. announced the settlement of proceedings it commenced in the Supreme Court of Western Australia against SilverStream SEZC. The Company has held 100% beneficial ownership in its British King Mine Project since October 2020. As a result of the settlement, the Company will now be in a position to have its entire 100% ownership of the British King Gold Project registered on the title of the relevant tenements. Board Change • Sep 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Aug 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Jul 29
Central Iron Ore Ltd. Announces Phase 2 Soil Sampling At South Darlot Gold Project Central Iron Ore Ltd. announced the soil geochemistry results from the Phase 2 soil sampling at the South Darlot Gold Project, conducted in fourth quarter of 2022. The Company's South Darlot Gold Project area is located approximately 320km northwest of Kalgoorlie in Western Australia and includes: The British King Mine which is 49% owned by the Company and which is National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI43-101") compliant. The British King Mine is 5km southwest of Red 5 Limited's Darlot Mine. The British King Mine is currently in care and maintenance. A number of tenements which are subject to a joint venture with subsidiaries of Red 5 Limited, details of which are set out below, in which CIO has earned a 70% interest. The tenements set out in the table below are the subject of a joint venture between the Company and subsidiaries of Red 5 Limited and are situated southwest of Red 5's Darlot gold mine and are contiguous with CIO's current holdings in the area. Following the success of the Phase 1 soil sampling campaign over the Endeavour and Mermaid prospects, a Phase 2 soil sampling campaign was conducted to the west, north and east of the previously sampled area. Au enrichment in the area is interpreted to be sourced from the several structures which strike WSE-ENE throughout the tenements and in structural dilation zones caused by strike-slip movement of orthogonal smaller structures. A total of 3,864 samples were collected across an area of 3.2 km2. achieved samples 200 - 300 grams in weight were collected from each location and sent to LabWest Minerals Analysis Pty Ltd. in Malaga, WA. Board Change • Jul 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Jun 28
Central Iron Ore Limited Estimates Distribution for the Half-Year Ending 30 June 2023, Payable on 25 July 2023 Central Iron Ore Limited announced that the Fund will pay an estimated distribution of $0.1700 per unit, for the half-year ending 30 June 2023. Ex-distribution Date is 29 June 2023. Record Date is 30 June 2023. Payment Date is 25 July 2023. Board Change • Jun 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 31
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • May 20
Central Iron Ore Ltd. Files an Updated National Instrument 43-101 Technical Report Regarding the Company's South Darlot Gold Project Central Iron Ore Ltd. announced that is has filed an updated National Instrument 43-101 technical report regarding the Company's South Darlot Gold Project. CIO announced that it has filed an independent technical report titled "NI43-101 Technical Report South Darlot Gold Project Updated for the 2022-2023 Exploration Western Australia" prepared by Andrew Bewsher MAIG with an effective date of 18 May 2023 (the "Technical Report"). The Technical Report was prepared in accordance with National Instrument 43-101 - Standards for Disclosure of Mineral Projects. As stated in the Technical Report, the British King deposit has an inferred mineral resource of 176,000 tonnes at 6.06 g/t Au for 34,300 ounces with a 35 g/t Au top cut at a AUD 3,000 gold price. The Endeavour deposit has an indicated and inferred mineral resource of 15,890 tonnes at 26.3 g/t Au for 13,430 ounces with a 160 g/t Au top cut At a AUD 3,500 gold price. The Technical Report recommends CIO undertake exploration and mining studies with a budget of $1.9M. The majority of the budget is to be spent at the Endeavour and British King prospects; and finalising the mining studies to advance the prospects to being mine ready. The remaining expenditure will be spent on the South Darlot tenements to advance the existing exploration tenements. Board Change • Apr 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Feb 15
Central Iron Ore Limited Provides Update on South Darlot Gold Project: Endeavour Rc Drilling Programme Central Iron Ore Limited announce results from the December 2022 RC drilling programme at its Endeavour prospect at the South Darlot Gold Project. CIO completed an 18-hole RC drilling programme for 1,060 metres at the Endeavour prospect from 24th of November to the 2nd of December 2022 on mining licence M 37/631. The programme was designed to test for mineralised extensions down dip and to the immediate west of the Endeavour deposit, with a further two holes drilled within the known resource to obtain samples for metallurgical test work. Gold mineralisation at Endeavour is associated within a 1 to 2 meter wide laminated quartz vein, the Endeavour Vein, which contains minor accessory sulphides including pyrite and traces of galena, sphalerite and chalcopyrite. The vein is hosted within an intermediate volcanic sequence. A super-high-grade domain exists at vertical depths of between 20 to 45 meters. At this depth there is a sharp, 5 to 10-fold increase in gold metal coinciding with the transition from complete to partial oxidation of the host rock. In this domain, iron oxides and traces of chalcocite and covellite also exist. The results of the drilling program at Endeavour have been largely positive, however, the drilling has definitively closed-off mineralisation to the west. The drilling established further down plunge extensions of the Endeavour quartz vein with 22ENRC015 intersecting 1 meter at 12 g/t Au from 74 metres down hole and 5 meters at 11.93 g/t Au in 22ENRC014 from 66 metres down hole. The other two holes (22ENRC017 and 018) were primarily drilled to collect RC chips (oxide and transitional) for metallurgical test work in preparation for mining. CIO have commissioned a suite of studies required to meet Western Australia Department of Mining Industry Regulation and Safety (DMIRS) requirements to commence open pit mining at Endeavour. These studies include waste rock characterisation, a hydrogeological and a metallurgical programme. Two PQ diamond core holes have been designed and will be drilled to enable collection of approximately 60 Kg of core for comminution test work. These holes will be drilled in February 2023. The Company’s South Darlot Gold Project area is located approximately 320km northwest of Kalgoorlie in Western Australia and includes: The British King Mine has now reverted to 100% beneficial ownership by the Company which is National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI43-101”) compliant. The British King Mine is 5km southwest of Red 5 Limited’s Darlot Mine. The British King Mine is currently in care and maintenance. CIO is registered on title for 49% and has received signed transfer forms from BK Gold Mines Pty Limited to Central Iron Ore Limited for the transfer of a further 51% interest as agreed. The registration of unencumbered title of that 51% interest is being delayed by Silverstream SE22, who provided funding to BK Gold Mines Pty Limited to fund their acquisition under the Tenement Acquisition Agreement. Silverstream SE22 has refused to remove the caveats which prevents registration of the transfers. CIO has commenced action in the Supreme Court of Western Australia to have the caveats removed. A number of tenements which are subject to a joint venture with subsidiaries of Red 5 Limited (“Red 5”), details of which are set out below, in which CIO has earned a 70% interest. The tenements set out in the table below (“Red 5 JV Tenements”) are the subject of a joint venture between a fully owned subsidiary of the Company and subsidiaries of Red 5 Limited (“Red 5 JV”) and are situated southwest of Red 5’s Darlot gold mine and are contiguous with CIO’s current holdings in the area. The Red 5 JV Tenements are detailed below. Mr. Andrew Bewsher who is a Member of the Australian Institute of Geoscientists and has compiled the information within this report relating to soil geochemical distributions. Mr. Bewsher has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity currently being undertaken to qualify as a Competent Person as defined in NI 43-101. Annuncio • Feb 01
Central Iron Ore Ltd. Announces Results from the December 2022 RC Drilling Programme At its Mermaid Prospect At the South Darlot Gold Project Central Iron Ore Ltd. announced results from the December 2022 RC drilling programme at its Mermaid prospect at the South Darlot Gold Project. Mermaid RC Drilling: CIO completed a 15 hole RC drilling programme for 632 metres at the Mermaid prospect on mining licence M37/631. The program was designed around the historical Mermaid shaft with hole depths ranging from 23 to 80 metres. The drilling established a degree of continuity of quartz vein-hosted, high-grade mineralisation at shallow depths which previous drilling had failed to identify. Gold mineralisation at Mermaid is associated with the Mermaid Vein which is a 1 – 5 metres wide, often fractured bucky quartz vein with minor amounts of pyrite and reports of chlorite and molybdenite. High grade mineralisation, where present, is typically confined to the vein or contact zones although low grade mineralisation up to ~2 g/t Au can often be found several meters into the wall rock, possibly a result of vein related halo alteration or regolith dispersion. The results of the drilling program at Mermaid have been largely positive. The drilling has established a degree of continuity of high-grade mineralisation at shallow depths which previous drilling failed to identify and in doing so, has delivered significant upside to the South Darlot project. All 15 planned holes pierced the projected vein horizon with 12 intercepting the Mermaid Vein and up to 9 holes containing potentially economic mineralisation. Endeavour RC Drilling: A total of 16 holes for 1,040 metres was drilled by CIO in December 2022 at the Endeavour prospect. The holes were designed to test for extensions to the west and down dip of the existing mineralisation at Endeavour. Results or this drilling remain outstanding and will be reported on once results are received by CIO. Phase 2 Soil Sampling: CIO completed the planned second phase of soil sampling on tenements M37/631 and M37/632. The objective of this programme is to expand upon the successful Phase 1 programme announced in June 2022; which identified five coincident gold-copper-lead in soil anomalies on or about the Emperor Structure and along strike of the Endeavour Mineral Resource. In addition to the gold anomalism, two lithium targets were identified characterised by the presence of elevated Li and other elements associated with LCT pegmatites (Rb, Cs, Be, Ta). The Phase 2 programme consists of 3,870 soil samples which were collected on the same tight sample density of 20mN x 30mE as the Phase 1 programme and targets potential mineralised systems with a similar size footprint of the Endeavour and Mermaid prospects located on M37/631.Samples have been submitted to Labwest Pty Ltd. in Perth with results expected in approximately 3 months. Mining Studies: CIO have commissioned a suite of studies required to meet Western Australia Department of Mining Industry Regulation and Safety (DMIRS) requirements to commence open pit mining at Endeavour. These studies include waste rock characterisation, a hydrogeological and a metallurgical programme. Two PQ diamond core holes have been designed and will be drilled to enable collection of approximately 60 Kg of core for comminution test work. These holes will be drilled in February 2023. Mermaid Highlights: 22MERC002: 6 meters @ 5.35g/t Au from 23 metres; 22MERC005: 2 meters @ 6.82g/t Au from 54 metres; 22MERC006: 5 meters @ 4.07g/t Au from 25 metres; 22MERC008: 3 meters @ 8.58g/t Au from 10 metres; 22MERC009: 2 meters @ 35.03g/t Au from 67metres; 22MERC012: 2 meters @ 11.43g/t Au from 10 metres. Board Change • Jan 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 23
Central Iron Ore Ltd. Announces Commencement of RC Drilling Programme at South Darlot Gold Project Central Iron Ore Ltd. announced they have commenced an RC drilling programme at the South Darlot Gold Project. RC Drilling The RC drill programme targets two of the prospects located on M37/631 including Endeavour and Mermaid. A total of 15 holes for approximately 900 metres has been designed to test for extensions to the west and down dip of the existing mineralisation at Endeavour. The Endeavour deposit has an indicated and inferred mineral resource of 7,430 tonnes at 43.0 g/t Au for 10,220 ounces with a 160 g/t Au top cut at a AUD 3,000 gold price (as per NI43-101 Independent Technical Report: South Darlot Project Western Australia prepared by Andrew Bewsher MAIG 28/9/2022 and reported in TSXV announcement: 28/9/2022). A total of 15 shallow RC holes have been designed targeting short scale gold mineralisation at the Mermaid prospect. The holes attempt to locate gold mineralisation along strike of PBERB002 which intersected 3 metres @ 13.03 g/t Au and up dip of WDRC011 which intersected 11 metres at 3.32 g/t Au. Other significant mineralised intercepts at Mermaid include WDRC0099 which intersected 5 metres @ 344.4 g/t Au. Mining Studies Once the RC drilling programme is completed, CIO intend to commission a suite of studies required to meet Western Australia Department of Mining Industry Regulation and Safety (DMIRS) requirements to commence open pit mining at Endeavour. These studies include waste rock characterisation, a hydrogeological and geotechnical assessment. A metallurgical test work programme will also be implemented at the completion of the RC drilling programme. SOUTH DARLOT GOLD PROJECT (Western Australia) The Company’s South Darlot Gold Project area is located approximately 320km northwest of Kalgoorlie in Western Australia and includes: The British King Mine which is 100% beneficially owned by the Company and which is National Instrument 43-101 – Standards of Disclosure for Mineral Projects compliant. The British King Mine is 5km southwest of Red 5 Limited’s Darlot Mine. The British King Mine is currently in care and maintenance. A number of tenements which are subject to a joint venture with subsidiaries of Red 5 Limited, details of which are set out below, in which CIO has earned a 70% interest. RED 5 JV Project The tenements set out in the table below are the subject of a joint venture between a fully owned subsidiary of the Company and subsidiaries of Red 5 Limited and are situated southwest of Red 5’s Darlot gold mine and are contiguous with CIO’s current holdings in the area. Board Change • Nov 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 03
Central Iron Ore Limited Commences the Phase 2 Soil Sampling Programme at the South Darlot Gold Project Central Iron Ore Ltd. announced they have commenced the Phase 2 soil sampling programme at the South Darlot Gold Project. CIO announced that it has commenced the second phase of soil sampling on tenements M37/631 and M37/632 to expand upon the successful Phase 1 programme announced in June 2022. This programme identified five coincident gold-copper-lead in soil anomalies on or about the Emperor Structure and along strike of the Endeavour Mineral Resource. In addition to the gold anomalism, two lithium targets were identified characterised by the presence of elevated Li and other elements associated with LCT pegmatites (Rb, Cs, Be, Ta). The Phase 2 programme consists of 3,870 soil samples to be collected on the same tight sample density of 20mN x 30mE and will target potential mineralised systems with a similar size footprint of the Endeavour and Mermaid prospects located on M37/631. Central Iron Ore Limited: South Darlot Gold Project (Western Australia): The Company’s South Darlot Gold Project area is located approximately 320km northwest of Kalgoorlie in Western Australia and includes: The British King Mine which is 100% beneficially owned by the Company and which is National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI43-101) compliant. The British King Mine is 5km southwest of Red 5 Limited’s Darlot Mine. The British King Mine is currently in care and maintenance. The Company has commenced action in the Supreme Court of Western Australia to have the caveats removed. A number of tenements which are subject to a joint venture with subsidiaries of Red 5 Limited (Red 5). RED 5 JV Project (Formerly Barrick Joint Venture Project): The tenements set out (Red 5 JV Tenements) are the subject of a joint venture between a fully owned subsidiary of the Company and subsidiaries of Red 5 Limited (Red 5 JV) and are situated southwest of Red 5’s Darlot gold mine and are contiguous with CIO’s current holdings in the area. Annuncio • Sep 29
Central Iron Ore Ltd. Files National Instrument 43-101 Technical Report Regarding the Company's South Darlot Gold Project Central Iron Ore Ltd. filed a National Instrument 43-101 technical report regarding the Company's South Darlot Gold Project. CIO announce that it has filed an independent technical report titled "NI43-101 Technical Report South Darlot Gold Project Western Australia" prepared by Andrew Bewsher MAIG with an effective date of August 31, 2022. The Technical Report was prepared in accordance with National Instrument 43-101 Standards for Disclosure of Mineral Projects. As stated in the Technical Report, the British King deposit has an inferred mineral resource of 176,000 tonnes at 6.06 g/t Au for 34,300 ounces with a 35 g/t Au top cut at a $AUD 3,000 gold price. The Endeavour deposit has an indicated and inferred mineral resource of 7,430 tonnes at 43.0 g/t Au for 10,220 ounces with a 160 g/t Au top cut at a $AUD 3,000 gold price. The Technical Report recommends an exploration and mining studies budget totalling $1.9M. The majority of the budget is to be spent on completion of drilling at Endeavour and British King prospects; and finalising the mining studies to advance the prospects to being mine ready. Remaining expenditure will be spent on the South Darlot tenements to advance existing exploration targets. Board Change • Aug 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 02
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 27
Central Iron Ore Ltd. Announces Exploration at South Darlot Gold Project Central Iron Ore Ltd. announced that an opportunity arose to drill as a drilling contractor had spare capacity. At the Endeavour prospect 5 holes for 192 metres were drilled to test the extension of the mineralisation to the west. Significant mineralisation includes: 21ENRC-03: 2m (1.6m true width) at 9.7 g/t Au from 52 meters down hole. On M37/632 12 holes for 726 metres were drilled to test an anomalous structure identified from a drone magnetic survey. Sample assay results from this drilling has yielded one encouraging result which was in hole 21SDRC12 and intersected 4 metres at 0.45 g/t Au from 24 to 28 metres down hole. A drone magnetic survey was flown over 4 blocks over the South Darlot licenses on 20m flight lines and a 20m flying height for all blocks with a section over the Endeavour mineralisation flown with a 10m line spacing. The information collected from this survey was used in collaboration with an earlier 1999 survey and a drill target on M37/632 was generated. Analysis and interpretation of the data is ongoing and additional drill targets focussing on structural breaks in the geology will be made. The Endeavour mineralisation is characterised by a planar, laminated quartz vein with minor sulphides including pyrite, galena and traces of chalcopyrite. Enveloping this is stringer mineralisation over 1 – 3 metres with grades between 0.5 – 2.0 g/t Au. This laminated vein and halo mineralisation is hosted in a highly weathered felsic volcanic. Preliminary petrology suggests the gold is secondary in nature and present as small blebs of electrum or particulate grains associated with pyrite. A total of five holes were drilled at the Endeavour prospect in July 2021. Four of the holes targeted shallow positions in an attempt to determine the up dip presence of the Endeavour mineralisation. The fifth hole was drilled to extend the mineralisation to the west of the Endeavour quartz lode. The four shallow holes intersected a narrow 1 to 2 m wide quartz vein but failed to record any significant mineralsiation and it must now be concluded there is a depletion zone in the highly weathered upper horizon of this mineralised system. A structural target generated from the recent drone magnetics survey was drilled in July 2021. A total of 12 reverse circulation drill holes were drilled on three lines spaced 80 metres apart. A total of twelve holes were drilled for 726 metres. Sample assay results from this drilling has only yielded one modestly interesting result which was in hole 21SDRC12 and intersected 4 metres at 0.45 g/t Au from 24 to 28 metres down hole (Table 2). This was a 4 metre composited sample, and the individual one metre samples will be submitted for fire assay analysis. A low level, high-resolution rotary wing, drone-based magnetic survey of the South Darlot licenses on 20m flight lines and a 10m flying height covering an area of 6.6 km2 was flown over four areas in May 2021 by Ultramag Geophysics. The objective of the survey was to ascertain if geological breaks in stratigraphy representing structural discontinuities could be identified with the close spaced, high resolution data. Preliminary work has identified one such structure which was drill tested in July 2021. Further analysis of this data set will be undertaken to determine its usefulness for drill targeting. A trial Deep Ground Penetrating Radar (DGPR) survey was conducted by Ultramag Geophysics over the Endeavour and Mermaid prospects with a series of seven lines surveyed on an approximate twenty-meter line spacing. The specifications of the survey are as follows: 20 kW, 3 µs pulse width, 15,000 Hz with a 1 second sample which is equivalent to 1 meter shot spacing. Results from the survey are still being analysed; however, the initial findings are proving difficult to correlate to the known spatial position of the Endeavour lode. A fault like feature can be observed to the south of the Endeavour lode (Figure 8) however, this is lost in the subsequent radar sections. Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Tony Howland-Rose was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jan 16
Central Iron Ore Limited Commences Drilling at its South Darlot Gold Project Central Iron Ore Limited announced that drilling has commenced at Company's South Darlot Gold Project. The drill program is envisaged to total 2,000 reverse circulation (RC) metres. Proposed drilling program: Endeavour Prospect - 11 drill holes for approximately 1,200m. Loch Ard Prospect - 10 drill holes for approximately 800m. The Company's South Darlot Gold Project area is located approximately 320km northwest of Kalgoorlie in Western Australia and includes: The Red 5 Joint Venture (formerly Barrick JV) consists of a number of tenements which are subject to a joint venture with subsidiaries of Red 5 Limited ('Red 5'), details of which are set out below, in which CIO has earned a 70% interest. Annuncio • Nov 19
Central Iron Ore Limited, Annual General Meeting, Dec 23, 2020 Central Iron Ore Limited, Annual General Meeting, Dec 23, 2020.