Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • 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 Tillkännagivande • 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. Tillkännagivande • Oct 11
Coolabah Metals Limited, Annual General Meeting, Nov 29, 2024 Coolabah Metals Limited, Annual General Meeting, Nov 29, 2024. Tillkännagivande • 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. Tillkännagivande • 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 • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Non-Executive Independent Director David Ward was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 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 29
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 Share price has been highly volatile over the past 3 months (20% average weekly change). 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$6.68m). 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 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. Tillkännagivande • 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). New Risk • Nov 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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$3.0m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.58m market cap, or US$2.91m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (40% increase in shares outstanding). New Risk • Sep 30
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$3.0m 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$3.0m free cash flow). Revenue is less than US$1m (AU$51k revenue, or US$33k). Market cap is less than US$10m (AU$4.01m market cap, or US$2.58m). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (40% increase in shares outstanding). Tillkännagivande • Sep 21
Coolabah Metals Limited, Annual General Meeting, Nov 16, 2023 Coolabah Metals Limited, Annual General Meeting, Nov 16, 2023. Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • Jan 31
Coolabah Metals Limited Commences Drilling at Barrow in Central West NSW Coolabah Metals Limited have commenced an RC program totaling 3,000m located at Barrow licence near the historic mining town of Nymagee in central-west New South Wales. The Barrow licence area is part of the Nymagee Project, which is comprised of three 100% owned exploration licences covering 533.3km². The primary drill target at Barrow is an intense magnetic high which is elongated north-west south-east, the drilling is designed to test the cause of the magnetic response from airborne surveys. Cobar Style deposits in the area have strong magnetic responses due to pyrrhotite (iron sulphide) associated with mineralisation. Analysis of a 1,126 sample systematic auger soil survey over the same area shows that the magnetic anomaly is coincident with a soil arsenic anomaly, adding support to the interpretation that the magnetic response maybe related to Cobar Style mineralisation. The soil auger results also highlight three smaller strong arsenic anomalies, these arsenic anomalies will also be tested in this drill program. The area is historically referred to as the Bradbury's Prospect and these anomalies have not been drill tested. Coolabah Metals have recently renewed exploration licence EL8638 (Barrow) for another 5-year term and believe that the project area lies within the highly prospective region comprised of the Cobar Supergroup. Coolabah are following up on recent studies conducted by the NSW Geological Survey suggesting that the polymetallic deposits in the Nymagee area are epigenetic and distal intrusive related. The findings of the Geological Surveys research demonstrate that the mineralisation at Hera, is intrusive related based originally on high temperature skarn mineralogy displayed within and around the deposit. Tillkännagivande • Dec 22
Coolabah Metals Limited Releases the Results of the Maiden RC Drilling At Gunpowder Creek Coolabah Metals Limited released the results of the maiden RC drilling at Gunpowder Creek on the 30th November 2022. The Company was provided by the lab with updated assay results in respect of the drilling program, which were required due to the lab discovering an equipment error which resulted in an under call of higher grade samples. The lab has informed the Company that the error has now been corrected and pulps reanalysed confirming the under call. The re-analysis shows a significant increase in the originally reported gold results. New re-assayed results from RC drilling at the `Golden Sunset' and `Pearl' Prospect include: · 5m @ 5.70g/t Au from 108m (CGRC002 28.5 GM) Golden Sunset · 4m @ 5.18g/t Au from 48m (CGRC008 20.7 GM) Pearl · 4m @ 2.43g/t Au from 88m (CGRC003 9.7 GM) Golden Sunset · 5m @ 1.29g/t Au from 97m (CGRC004 6.4 GM) Golden Sunset · 2m @ 2.43g/t Au from 153m (CGRC004 4.9 GM) Golden Sunset The drill program was designed to follow-up the recently reported high-grade gold samples collected at 3 of the 26 historic gold workings situated along a north-north-west trending May Downs Fault. Interpretation of the available drillhole data along with surface indications suggests that the gold intercepts are related to fissure veins that strike approximately 50° and dip steeply to the south-east. The implication of the interpretation is that the fissure veins form in a dextral strike-slip structure which is represented by the May Downs Fault and they should repeat in that same orientation. The company plans to carry out additional follow up RC drilling at the Gunpowder Creek Project as soon as practical to do so. The drilling completed was oriented towards the east, the new interpretation suggests that the optimal drill orientation to test the mineralised fissure veins is towards the north-west and this interpretation also opens up the potential for multiple fissure veins parallel to that identified at Golden Sunset. Tillkännagivande • Dec 01
Coolabah Metals Limited Announces Solid Gold Intercepts from First Drilling At Gunpowder Creek Coolabah Metals Limited announced an update regarding assay results from maiden RC drilling program conducted at Gunpowder Creek EPM27733, located 45km north-west of Mt Isa, QLD. First ever drilling results at the `Golden Sunset' and `Pearl' Prospect include: 5m @ 3.3g/t Au from 108m (CGRC002 - 16.5 GM) Golden Sunset. 3m @ 4.45g/t Au from 49m (CGRC008 - 13.35 GM) Pearl. 4m @ 2.2g/t Au from 88m (CGRC003 - 8.8 GM) Golden Sunset. 5m @ 1.08g/t Au from 97m (CGRC004 - 5.4 GM) Golden Sunset. 2m @ 2.51g/t Au from 153m (CGRC004 - 5.02 GM) Golden Sunset. The drill program was designed to follow-up the recently reported high-grade gold samples collected at 3 of the 26 historic gold workings situated along a north-north-west trending May Downs Fault. Interpretation of the available drillhole data along with surface indications suggests that the gold intercepts are related to fissure veins that strike approximately 50° and dip steeply to the south-east. The implication of the interpretation is that the fissure veins form in a dextral strike-slip structure which is represented by the May Downs Fault and they should repeat in that same orientation. The Company plans to carry out additional follow up RC drilling at the Gunpowder Creek Project as soon as practical to do so. The drilling completed was oriented to- wards the east, the new interpretation suggests that the optimal drill orientation to test the mineralised fissure veins is towards the north-west and this interpretation also opens up the potential for multiple fissure veins parallel to that identified at Golden Sunset. Tillkännagivande • Nov 22
Coolabah Metals Limited (ASX:CBH) agreed to acquire 100% stake in Mining Licences 5571 & 5572 of Gunpowder Creek Project from Trevor James Stretton, Leo Anthony Murphy and John George Sourrys for AUD 0.097 million. Coolabah Metals Limited (ASX:CBH) agreed to acquire 100% stake in Mining Licences 5571 & 5572 of Gunpowder Creek Project from Trevor James Stretton, Leo Anthony Murphy and John George Sourrys for AUD 0.097 million on November 21, 2022. Purchase consideration includes AUD 0.025 million cash, issue of 300,000 shares of Coolabah Metals Limited and 300,000 performance rights which will be converted to shares subject to to satisfaction of a performance milestone in relation to the Tenements. The performance rights expire within 12 months from the date of issue, which will be issued at completion of the heads of agreement. Based on the agreement the completion of due diligence by the Company on the sale assets to the satisfaction of the Company within 14 days from the date of agreement. The Board of Coolabah Metals Limited has approved this announcement. Tillkännagivande • Nov 16
Coolabah Metals Limited has announced a Derivatives Offering in the amount of AUD 0.025475 million. Coolabah Metals Limited has announced a Derivatives Offering in the amount of AUD 0.025475 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 25,475,000
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00004
Transaction Features: Rights Offering Tillkännagivande • Oct 19
Coolabah Metals Limited Commences RC Drilling at the Gunpowder Creek Project Near Mount Isa, Queensland Coolabah Metals Limited announced an update regarding maiden RC drilling program commencing at Gunpowder Creek EPM27733, located 45km north-west of Mt Isa, QLD. Coolabah Metals Limited have commenced a RC program totaling 1,500m located at Gunpowder Creek Project near Mount Isa, Queensland. The drillholes have been designed to follow-up the recently reported high-grade gold samples collected at historic gold workings situated along a north-north-west trending May Downs Fault. Coolabah are following up on 251 rockchips collected during a reconnaissance sampling program, conducted during August 2022, designed to test the 26 historic gold workings and occurrences forming a >5km strike length parallel to the May Downs Fault on the western flank of the tenement area. High grade rockchip samples from the Gunpowder Creek Project include: 21.6 g/t gold (GCR0143); 18.5 g/t gold (GCR0123); and 13.2 g/t gold (GCR0139); The high-grade results have been collected from two groups of historic workings approximately 300m apart. Strike measurements and the orientation of the historic workings at Golden Sunset suggest that the unnamed workings are along strike to the south-south-west. Tillkännagivande • Sep 28
Coolabah Metals Limited, Annual General Meeting, Nov 24, 2022 Coolabah Metals Limited, Annual General Meeting, Nov 24, 2022. Agenda: To consider election of directors. Tillkännagivande • Sep 19
Coolabah Metals Limited Announces Results from the Recent Rockchip Sampling Program Conducted over Gunpowder Creek EPM27733, Located 45km North-West of Mt Isa, Qld Coolabah Metals Limited has received analysis for 251 rockchip results collected during reconnaissance sampling of historic gold workings at Gunpowder Creek. Coolabah are pleased to announce rockchips returned grades up to 21.6g/t gold (GCR0143) and 0.33% copper (GCR0120) from the first pass rockchip sampling program conducted in Coolabah's Gunpowder Creek Project in Northwest Queensland. 11 rockchip samples returned gold grades ranging from 1.01g/t to 21.6g/t situated in and around historic workings, located along the May Downs Fault. The results have assisted Coolabah in narrowing down drill targets, providing a starting point for RC drilling, which Coolabah plans to commence as soon as practicable. The rockchip program was designed to test the 26 recorded historic gold workings and occurrences forming a >5km strike length parallel to the May Downs Fault. High-grade rock chip results from the Gunpowder Creek Project include: 21.6 g/t gold (GCR0143); 18.5 g/t gold (GCR0123); 13.2 g/t gold (GCR0139). The Coolabah Project area comprised of 1,177km², lies adjacent to the Girilambone copper deposits including Avoca Tank, Tritton and the newly discovered Constellation Deposit. The Coolabah Project is highly prospective given that geology structures /regional settings are similar to known deposits. The Nymagee Project area totals 533.3km² and is located amongst significant discoveries at Federation, Hera and Nymagee and is highly attractive for Cobar Style Deposits. The Nymagee Project lies on a major north-easterly structure prospective for gold, copper, lead and zinc mineralisation. The Gunpowder Creek Project is located within the world class Mt Isa block, only 40km northwest of Mt Isa and is home to numerous historic workings over 5km and highlights high-grade rockchips up to 32g/t gold. The Gunpowder Creek Project is prospective for vein/fault hosted high grade gold and Mt Isa Copper-Lead-Zinc type mineralisation. Board Change • Sep 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. 2 non-independent directors. Independent Non-Executive Chairman Steve Woodham was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Aug 25
Coolabah Metals Limited Announces Maiden Rockchip Sampling Program At Gunpowder Creek Coolabah Metals Limited announced an update regarding maiden rockchip sampling program conducted over Gunpowder Creek EPM27733, located 45km north-west of Mt Isa, QLD. Coolabah Metals has completed a first pass rockchip sampling program consisting of 251 rockchip samples in Coolabah Metals Gunpowder Creek Project in Northwest Queensland. The program was designed to test the 26 recorded historic gold workings and occurrences forming a >5km strike length parallel to the May Downs Fault. Multiple generations of quartz veining were observed parallel, oblique and perpendicular to May Downs Fault zone with varying degrees of alteration. Multiple quartz gossan veins were mapped and sampled; some traces of sulphides were identified associated with quartz outcrops. A review of historical exploration revealed a large number of rockchip samples collected within the lease, approximately two thirds of these were not assayed for gold. The samples that were assayed for gold have results up to 32g/t gold. Coolabah Metals are in the process of having the 251 samples analysed for gold and all other elements using fire assay and multi-element ICP at North Australian Laboratories Pty Ltd. Reconnaissance field mapping was undertaken concurrently with the sampling program and all structural and lithological data is being reviewed. Tillkännagivande • Aug 04
Coolabah Metals Limited Commissions Xcalibur Multiphysics to Conduct a HeliTEM2 Airborne Electro-Magnetic (EM) Survey in an Area 12Km North-West of Girilambone, NSW Coolabah Metals Limited commissioned Xcalibur Multiphysics to conduct a HeliTEM2 airborne electro-magnetic (EM) survey in an area 12km north-west of Girilambone, NSW. A 996-line km HeliTEM2 survey was completed covering an area of over 210 square kilometres, well over half the entire tenement (EL9287). Coolabah Metals Limited intend on releasing the results of this survey, as soon as possible after the data has undergone processing and interpretation which is expected to be completed in approximately three to four weeks. 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. 2 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jul 26
Coolabah Metals Limited has completed an IPO in the amount of AUD 6 million. Coolabah Metals Limited has completed an IPO in the amount of AUD 6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012 Board Change • Jun 22
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. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.