공시 • Jun 12
Coolabah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 20 million. Coolabah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 20 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 57,142,858
Price\Range: AUD 0.35 공시 • May 27
Coolabah Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 20 million. Coolabah Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 20 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 57,142,858
Price\Range: AUD 0.35 공시 • Mar 31
Coolabah Metals Ltd. Announces Multiple, Very High-Grade, Shallow Silver- Lead-Zinc Drilling Intercepts At Pinnacles Demonstrate Open Pit Potential Alongside Underground Development Options Coolabah Metals Limited shared assay results received from 27 previously drilled diamond holes from the Pinnacles Ag-Pb-Zn Mine (Pinnacles). The core had been drilled over the preceding two years and recently processed by the Company. The majority of drilling intercepts reported are within the sulphide zone of the Pinnacles ore body, with weathering generally limited to a maximum depth of 20m. The small fraction of ore within the weathered zone at Pinnacles has historically been directly shipped to smelters. Multiple drill holes sit outside of the existing JORC 2012 MRE, which illustrates the potential to significantly expand on the current Resource which stands at: 6.0Mt at 10.9% ZnEq (133g/t Ag, 3.3% Pb, 4.7% Zn & 0.5g/t Au), which includes the high-grade Perseverance Deposit of 3.5Mt at 12.3% ZnEq (166g/t Ag, 4.1% Pb, 4.5% Zn & 0.5g/t Au). Mineralisation at the Pinnacles Mine includes two parallel lodes, consisting of: - a silver rich lead lode; and - an underlying zinc rich lode with copper and gold occurrences. The two lodes are spatially related but distinct from each other and generally separated by 5m - 10m. Each lode is folded in a `sine wave' pattern, with significant thickening at each fold. The mineralisation is open in multiple directions including the known lodes that plunge to the south-east. Due to the degree of structural complexity relative to drilling density to date, the true width of the mineralisation for the historical intercepts reported is not yet known. Coolabah is aware of >1,100m further historical (unassayed) drill core at Pinnacles and is in the process of undertaking geological logging and customary QA/QC processes prior to preparing samples for assay. The Company intends on submitting samples for assay immediately on completion of its planned public listing. The Company is planning a targeted infill drilling program at Pinnacles, targeting further delineation of shallow ore potentially amendable to near term open pit operations. The Company will keep the market informed of material developments with regards to Pinnacles drilling and historical assay results as they become available. The Pinnacles Ag-Pb-Zn Mine is a stratiform silver rich Broken Hill Type sulphide deposit which lies approximately 15km south-west of the main Broken Hill Lode (Rasp Mine). The Pinnacles Deposit was discovered in the 1880s and has been mined intermittently from underground and open cut, more recent drilling by the owner resulted in discovery of the high-grade Perseverance lode adding significantly to the high-grade resource. An MRE of 6.0Mt at 10.9% ZnEq (133g/t Ag, 3.3% Pb, 4.7% Zn & 0.5g/t Au) was reported for the Pinnacles Mine in accordance with the JORC Code in June 2024. In addition, Pinnacles has a current Exploration Target reported in accordance with JORC 2012 of approximately 6.0 - 15.0Mt at 40 - 125g/t Ag, 3.0 - 6.0% Pb, 2.0 - 4.0% Zn. Investors are cautioned that the potential quantity and grade of Exploration Targets are conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target is derived from historical drilling which enabled extrapolation of the mineralised domains beyond the limits of the Inferred Resource. The Company intends to commence near mine exploration shortly which will focus on extending the near surface mineralisation along with the down dip and along strike extensions of the known deposit with the view to convert the Exploration Target into a Mineral Resource. Mining and processing at the Pinnacles Mine have been undertaken intermittently since 1884. Most recently mining of oxidised and fresh ore from the Edwards Pit began in 2007 through to 2022 when it was placed on care and maintenance. Mining was conducted using traditional small scale open pit drill and blast method (to a depth of approximately 40m) at a rate of about 10,000t per month in oxide ore and 2,000-3,000t per month in fresh ore. Historical underground mining has been completed at the Consols and Fisher/Pinnacles lodes. During the course of recent mining oxide ore from the Consols lode was direct shipped to the Port Pirie smelter for use as flux. Fresh ore was processed on site in a flotation plant to produce both silver-lead and zinc concentrates which were sold to different smelters in Australia and overseas. These historical operations, together with supporting metallurgical test work show that the ore recovery is typically 88% lead and 75% silver (to the lead concentrate), and 88% zinc to the zinc concentrate. 공시 • Mar 10
Coolabah Metals Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 4 million. Coolabah Metals Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.2
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.2 공시 • Nov 29
Coolabah Metals Limited Approves Board Appointments Coolabah Metals Limited at its General Meeting of Shareholders held on 29 November 2024, approved election of Patrick Walta, Brent Walsh and Mark Hine as Directors. 공시 • Oct 11
Coolabah Metals Limited, Annual General Meeting, Nov 29, 2024 Coolabah Metals Limited, Annual General Meeting, Nov 29, 2024. 공시 • Sep 19
Broken Hill Mines Pty Limited agreed to acquire Coolabah Metals Limited (ASX:CBH) for AUD 10 million. Broken Hill Mines Pty Limited agreed to acquire Coolabah Metals Limited (ASX:CBH) for AUD 10 million on August 10, 2024. The consideration consists of common equity of Broken Hill Mines Pty Limited to be issued for common equity of Coolabah Metals Limited.
The transaction is subject to approval of offer by shareholders of Coolabah Metals Limited. 공시 • Sep 17
Coolabah Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million. Coolabah Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.2
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.2 Board Change • Jun 30
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. MD & Director Cameron Provost is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • May 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 118% 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 Shares are highly illiquid. Shareholders have been substantially diluted in the past year (118% increase in shares outstanding). Revenue is less than US$1m (AU$18k revenue, or US$12k). Market cap is less than US$10m (AU$10.1m market cap, or US$6.65m). Minor Risk Less than 3 years of financial data is available. New Risk • Apr 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 73% 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 Shares are highly illiquid. Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Revenue is less than US$1m (AU$18k revenue, or US$12k). Market cap is less than US$10m (AU$4.11m market cap, or US$2.65m). Minor Risk Less than 3 years of financial data is available. 공시 • Apr 17
Coolabah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.7155 million. Coolabah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.7155 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,887,500
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 18
First half 2024 earnings released: AU$0.016 loss per share (vs AU$0.029 loss in 1H 2023) First half 2024 results: AU$0.016 loss per share (improved from AU$0.029 loss in 1H 2023). Net loss: AU$1.10m (loss narrowed 18% from 1H 2023). 공시 • Sep 21
Coolabah Metals Limited, Annual General Meeting, Nov 16, 2023 Coolabah Metals Limited, Annual General Meeting, Nov 16, 2023. 공시 • Jul 23
Coolabah Metals Limited (ASX:CBH) completed the acquisition of Hampden Lithium Pty Ltd. Coolabah Metals Limited (ASX:CBH) entered into a binding agreement to acquire Hampden Lithium Pty Ltd for AUD 0.96 million on May 2, 2023. Coolabah Metals will issue 10,000,000 fully paid ordinary shares and 5,000,000 performance rights which convert into shares (on a 1:1 basis) upon the results from rock chip samples collected in-situ from any of the Assets, which record a grading of at least 1% Li2O. In related transaction, Coolabah Metals has received firm commitments from sophisticated and professional investors for the Capital Raising to raise AUD 1 million through a placement of 10,000,000 shares at an issue price of AUD 0.10 each. The transaction is subject to due diligence on Hampden and the Assets, receiving evidence from Hampden (or otherwise being satisfied) that the Assets have been transferred to Hampden and Hampden is the sole legal and beneficial owner of the Assets; completing a capital raising of not less than AUD 1 million through a placement of 10,000,000 shares to professional and sophisticated investors at an issue price of AUD 0.10 per shares (Capital Raising); parties obtaining all necessary regulatory and shareholder approvals and parties obtaining all other necessary third-party consents, assignments and approvals to lawfully complete the matters set out in Acquisition Agreement.
Coolabah Metals Limited (ASX:CBH) completed the acquisition of Hampden Lithium Pty Ltd on July 21, 2023. 공시 • May 22
Coolabah Metals Limited, Annual General Meeting, Jun 22, 2023 Coolabah Metals Limited, Annual General Meeting, Jun 22, 2023, at 11:00 W. Australia Standard Time. Location: Mining Corporate Boardroom, Level 8, 216 St Georges Terrace, Perth WA 6000 Perth WA 6000 Australia Agenda: To consider Ratification of Prior Issue of Consideration Securities Gunpowder Tenement Acquisition; to consider Ratification of Prior Issue of Placement Shares; to Approval to issue Consideration Securities Hampden Acquisition; to Approval to issue Lead Manager Options; to Approval to Issue Director Options to David Ward.