| 1 |
EVENT
|
Quarter 2 2017
|
Quarter 3 2017
|
Quarter 4 2017
|
Quarter 1 2018
Mar 31st 2018
(April 30 2018)
|
| 2 |
ASX Share Price
Start
End
|
------------
Apr – 3rd 1.4c
June – 26th 1.1c
|
-----------
July – 3rd 1.4c
Sep – 25th 1.3c
|
-----------
Oct – 2nd 1.4c
Jan – 2nd 2.6c
|
----------
Jan -2nd 2.6c
Apr- 30th 1.5c
|
| 3 |
Appointed Directors
|
Chairman - Kevin Somes
Managing Director – Jordan Duckett
Non Exec Director – Terry Grammer
Non Exec Director - Rimas Kairatis
(Resigned from the Board and now Field Manager - Ian Kerr)
|
Chairman - Kevin Somes
Managing Director – Jordan Duckett
Non Exec Director – Terry Grammer
Non Exec Director - Rimas Kairatis
|
Chairman - Kevin Somes
Managing Director – Jordan Duckett
Non Exec Director – Terry Grammer
Non Exec Director - Rimas Kairatis
|
PRESUMING
Chairman - Kevin Somes
Managing Director – Jordan Duckett
Non Exec Director – Terry Grammer
Non Exec Director - Rimas Kairatis
|
| 4 |
Fundraising during
Q.
Total Ordinary Shares End of Qrtr
|
NIL THIS QUARTER
584.473m
|
230 million shares at 1.1c raising $2.5m (Q3 Sep 30th, Oct 31 ASX)
Purpose: drilling and exploration at Yandal Gold Project (Ives, Harris and May Queen); and exploration of Yerrida and Fairbairn projects.
Raised- $1,661,000
(ASX Q3 Cashflow Oct 31)
814.473m
|
Gross Raised -$3,229,000
Less cost of raise- $213,000
Raised -$3,016,000
|
NO CAPITAL
RAISING
1st QUARTER
OF 2018
|
| 5 |
Expenditures during Quarter
NOTE: not all listed
|
Exploration & Evaluation
$ 179,000
Administration
$ 78,000
Tenements – new
$ 435,000
|
Exploration & Evaluation
$ 297,000
Administration
$ 112,000
Tenements – new
$ 83,000
|
Exploration & Evaluation
$ 574,000
(EXPECTED Q1 2018
$550,000*)
Administration
$328,000
(EXPECTED Q1 2018
$230,000)*
Tenements – new
$71,000
( Jan 31st 2018 INFO )
|
Exploration & Evaluation
$528,000* ACTUAL LOWER
Administration
$140,000* ACTUAL LOWER
Interest Received
$4,000
Tenements – new
$154,000
( Apr 30th 2018 INFO )
|
| 6 |
Cash at beginning and end of Quarter
|
Beginning
$ 522,000
End
$ 680,000
|
Beginning
$ 680,000
End
$1,799,000
|
Beginning
$ 1,799,000
End
$3,844,000
|
Beginning
$3,844,000
End
$3,163,000
|
| 7 |
EVENT
|
Quarter 2 2017
|
Quarter 3 2017
|
Quarter 4 2017
|
Quarter 1 2018
|
| 8 |
COMPANY PROJECTS
|
ACTIONS
(Quarterly Activities Reports)
Q2 2017 (July 28 2017)
ACTION - summaries
|
ACTIONS
(Quarterly Activities Reports)
Q3 2017 (Oct 31 2017)
ACTION - summaries
|
ACTIONS
---------------------
Q4 2017 (Dec 31 2017)
|
ACTIONS
Q1 2018 (Mar 31 2018)
|
| 9 |
|
YANDAL WEST GOLD PROJECT -rock chip samples taken; detailed aeromagnetic survey completed; aeromagmentic interpretation well advanced by Newexco Consultants.
|
YANDAL WEST GOLD PROJECT -
Three components to Yandal West: Ives Find (100% GTE) , Harris Find (80% GTE) and May Queen.
Continuing infill soil sampling undertaken, 1,033 samples so far.
May Queen area, has been found to have a 3.5km x 1.5km wide gold-in soil anomaly.
Preliminary completion of aeromagnetic interpretation of area by Newexco Consultants has identified May Queen as highly prospective.
A 3,000m RC drill program to begin at May Queen in October.
The first phase of this program to be available by early DECEMBER.
|
YANDAL WEST GOLD PROJECT -
44 holes drilled
3,965m
Phase 2 of Drilling (3rd round)
To have started Jan 21st
DELAYED DUE TO CYCLONIC RAINS
COMING UP FEB 2018
RC & Diamond drilling
Over COMING MONTHS
|
YANDAL WEST GOLD PROJECT -
Phase Two drilling
18RC holes total of 1,647m
11 holes surveyed using OTC
AWAITING assay results
|
| 10 |
|
YERRIDA NORTH JV - Sandfire (SFR) to commit $1.7m over 3 years; GTE to receive $0.5m in SFR shares as part of the transaction.
|
YERRIDA NORTH JV - Sandfire (SFR) to commit $1.7m over 3 years; GTE to receive $0.5m in SFR shares as part of the transaction. The Sandfire JV agreement was completed on the 9th of June.
|
YERRIDA NORTH JV
Sandfire has done nothing, Dec 16 2017 – yet !
-----------------
|
YERRIDA NORTH JV
ASSUMING HERE
Sandfire has done nothing.
|
| 11 |
|
YERRIDA SOUTH PROJECT -
CHISEL PROSPECT -
Geophysical gravity data survey undertaken Newexco Consultants, shows a shallow anomaly, which may be a copper deposit.
|
YERRIDA SOUTH PROJECT -
Two prospects have been identified: Chisel (for copper) and Frustration Well.
CHISEL: GTE finalized a detailed 100m x 50m Gravity Survey to commence on Oct 28th. To follow will be precise 3D modeling of the area, then a high impact target drilling program.
|
YERRIDA SOUTH PROJECT -
Chisel – detailed gravity survey done.
COMING UP FEB 2018
DRILL PLANNING HAS COMMENCED
------------------
|
YERRIDA SOUTH PROJECT
RC drilling
5holes planned 1,000m
ONLY 3 holes drilled
MACHINERY REPAIRS REQUIRED
To take all of May
|
| 12 |
|
CORPORATE NEWS: Mr Rimas Kairatis appointed as Non Exec Director. He is to focus on the Yandal Gold Project. He is a geologist with over 24 years experience, and has managed gold exploration companies from exploration to production. (May 31 ASX)
|
--------------------
|
FAIRBAIRN Copper-Cobalt-Nickel
COMPILING DATA on this area AT THE MOMENT.
COMING UP FEB 2018
Announcement WHEN COMPLETED
|
FAIRBAIRN Copper-Cobalt-Nickel
STILL COMPILING DATA
on this area AT THE MOMENT.
|
| 13 |
EVENT
|
Quarter 2 2017
|
Quarter 3 2017
|
Quarter 4 2017
|
Quarter 1 2018
|
(20min delay)