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METALSTECH LIMITED (MTC)

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ASX, Legal & CGT Status

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Our website ranking of MTC: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000MTC4
Address: Suite 1, 100 Hay Street, Subiaco 6008 Western Australia
Tel:  +61 400 408 878

Date first listed: 24/02/2017
Company Secretary: Gino D'Anna
Activities: Identifying, funding, acquiring, exploring and developing lithium projects in Canada

News & Events

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MTC has completed engagement and consultation with ASX in relation to the non-binding offer from Canadian private equity group "˜Trans Metal Fund' to acquire all the issued capital of Ortac Resources (UK) Limited, a wholly owned subsidiary of MetalsTech that holds 100% ownership of the Sturec Gold Project in Slovakia. ASX has confirmed that ASX Listing Rules 11.1.2, 11.1.3 and 11.4 do not apply to the Disposal and that only ASX Listing Rule 11.2 applies to the Disposal requiring MTC to obtain shareholder approval prior to the Disposal. Proposed consideration includes US$36 million cash (~A$53.6 million) on completion, US$20 million cash payable upon receipt of an underground mining activity permit (which the Company expects to have granted in Q1 this year) and a further deferred US$25 million lump sum cash payment in lieu of a retained royalty following the restart of commercial production at Sturec for a total offer of US$81 million (~A$120.7 million). MTC makes no comment in respect of the offer other than to advise that it is considering all its options and prudently navigating the very strong interest that has been generated from the strategic process being undertaken by Minmetals Securities Co., Ltd. MTC has 188,954,590 fully paid ordinary shares on issue and the 52-week high for the MTC Share price is A$0.52.

02/02/2024

The company lodges its Quarterly Activities Cash Flow Report.

30/01/2024

The company lodges its Quarterly Appendix 5B Cash Flow Report.

30/01/2024

The company anticipates that the voluntary suspension will end on the earlier of the commencement of normal trading on Friday 2 February 2024 or when an announcement is released to the market.

30/01/2024

The securities of MetalsTech Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MTC, pending the review and consideration of detailed submissions (specifically ASX Listing Rules Chapter 11 "“ "˜Significant Transactions') made to the ASX in relation to the potential transaction with Trans Metal Fund LP for the 100% acquisition of the high-tonnage, high-value underground-only GoldSilver mining operation at the 100%-owned Sturec Gold Mine in Slovakia;.

18/01/2024

The suspension of trading in the securities of MetalsTech Limited will be lifted immediately following the release by MTC of an announcement regarding the 100% acquisition of a significant package of exploration licenses prospective for hard-rock lithium, located just 3 km from the Ridge Zone, Main Zone (Jamar) and Far East Zone that form the Adina Lithium Project being developed by Winsome Resources Limited and along the same greenstone belt hosting the recent spodumene discovery on the Galinee Lithium Project (Rio Tinto / Midland Exploration) and the Trieste Lithium Project (Loyal Lithium Limited), in the James Bay region of Quebec, Canada.

27/09/2023

The company releases a notice of proposed issue of securities.

27/09/2023

Agreement signed to acquire a 100% interest in a district-scale hard-rock lithium exploration project located in the highly prospective James Bay Lithium District of Quebec, Canada. Sauvolles Lithium Project covers approximately 300km2 on the highly prospective east-west trending Lac Guyer Greenstone Belt which hosts the Adina Lithium Project which has intersected high-grade lithium mineralisation in recent drilling including 107.6m @ 1.34% Li2O, just 3km from Sauvolles. Sauvolles covers an area almost 7 times larger than Winsome Resources' Adina Lithium Project and ~1.5 times larger than Patriot Battery Metals' Corvette Lithium Project "“ the acquisition makes MetalsTech one of the largest land holders within the highly prospective Lac Guyer Greenstone Belt. Sauvolles Lithium Project contains multiple mapped pegmatites and strong indicator minerology along the Lac Guyer Greenstone Belt including anomalous historical lithium assay results from samples collected by the Geological Survey of Quebec. Hyperspectral survey has been commissioned with results expected shortly designed to delineate additional targets for further assessment through field- based exploration campaigns. Field exploration to commence in the coming weeks with Magnor Exploration Inc. engaged to conduct and oversee the exploration campaigns "“ initial exploration to consist of field mapping, rock sampling of outcrops and mapped pegmatites as well as general field reconnaissance. Airborne geophysical programs also planned at Sauvolles including gravity, LiDAR and spectrometer. Exploration at the Sauvolles Lithium Project will be conducted in parallel with MTC's continued development of the advanced Sturec Gold Mine in Slovakia, with separate teams assigned to each project.

27/09/2023

The securities of MetalsTech Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MTC, pending the release of an announcement in relation to the 100% acquisition of a significant package of exploration licenses prospective for hard-rock lithium, located just 3 km from the Ridge Zone, Main Zone (Jamar) and Far East Zone that form the Adina Lithium Project being developed by Winsome Resources Limited and along the same greenstone belt hosting the recent spodumene discovery on the Galinee Lithium Project (Rio Tinto / Midland Exploration) and the Trieste Lithium Project (Loyal Lithium Limited), in the James Bay region of Quebec, Canada.

26/09/2023

The suspension of trading in the securities of MetalsTech Limited will be lifted from the commencement of trading on Tuesday, 2 May 2023 following lodgement of its quarterly activity report and Appendix 5B for the quarter ended 31 March 2023.

01/05/2023

The securities of the entity will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 1 May 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Friday, 28 April 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

01/05/2023

The company lodges its Quarterly Activities Report.

01/05/2023

The suspension of trading in the securities of Metalstech Limited will be lifted immediately, following the release by MTC of an announcement regarding a spin out of MTC's lithium assets.

17/03/2021

MTC announces structured spinout for its portfolio of lithium assets (Cancet, Adina and Sirmac-Clapier Projects) into a focused new venture after appointing Chris Evans "Executive - Lithium Operations" to facilitate commercialisation strategy. As part of the spin out, MTC will receive 22 million vendor shares, which, upon completion of the ASX listing, will be distributed to MTC shareholders as an in-specie distribution pro rata with their respective MTC shareholding. MTC shareholders will also be offered a $2 million priority participation offer in the ASX listing. MTC has completed a total of 59 drill holes for 5,216m of diamond drilling at Cancet with significant intersections encountered included MTC 17-015 which intersected 3.71% Li2O and 301 ppm Ta2O5 over 18.00m, including 4.10% Li2O and 114 ppm Ta2O5 over 5.0m and drill hole MTC 17-021 which intersected 2.24% Li2O and 310 ppm Ta2O5 over 21.46m, including 3.50% Li2O and 746 ppm Ta2O5 over 8.46m. Drilling at the company's 1Moz+ Sturec Gold Mine in Slovakia progressing well, with UGA-14 now complete and UGA-15 underway - assays expected within the next few days.

17/03/2021

The securities of MetalsTech Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MTC, pending the release of an announcement.

15/03/2021

The suspension of trading in the securities of MetalsTech Limited will be lifted immediately, following the release by MTC of an announcement regarding exploration results.

29/10/2020

UGA-03 intersected a thick continuous mineralized zone of 59m @ 2.3 g/t Au & 9.4 g/t Ag from 225m (0.3g/t Au cut-off, downhole thickness). UGA-03 was completed at 287.5m and the high grade intersection is believed to represent an extension of the Schramen Vein was the main vein for historic production (-1.5Moz) and that which underpins the current 1,026,000 ounce JORC (2012) Mineral Resource at Sturec. Mineralisation remains open down hole as the drill hole ended within the Schramen Vein and was only stopped due to drilling difficulties associated with intersecting an historic mining void. UGA-03 intersected the mineralised zone approximatelly 40m down dip and 20m along strike from where STOR 3.11 intersected this mineralised structure. The high grade results for UGA-3 potentially bode well for UGA-04 which was recently completed having reached its target depth of 140.90m and is due to be cut and sampled shortly - analysis of the drill core samples for UGA-04 are expected to be "rush processed" by the laboratory and the company is hoping to provide shareholders with an update on UGA-04 in the next few days. UGA-05 is currently underway and represents a step out from UGA-04.

29/10/2020

The company lodges its Quarterly Activities Report.

28/10/2020

The company lodges its Quarterly Cashflow Report.

28/10/2020

The securities of MetalsTech Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of MTC, pending the release of an announcement regarding exploration results.

27/10/2020

The securities of MetalsTech Limited will be reinstated to Official Quotation as from the commencement of trading on Friday, 2 November 2018 following lodgement of its activities report for the September 2018 quarter.

02/11/2018

The company lodges its Quarterly Activities Report.

01/11/2018

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2018, following failure to lodge the relevant periodic report by the due date.

01/11/2018

The suspension of trading in the securities of MetalsTech Limited will be lifted immediately, following receipt of an announcement regarding a capital raising and corporate restructure.

11/04/2018

MetalsTech will be developing high-grade cobalt projects.

11/04/2018

The securities of MetalsTech Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to a capital raising and corporate restructure.

10/04/2018

The suspension of trading in the securities of MetalsTech Limited will be lifted immediately, following receipt of an announcement.

16/03/2017

The company has entered into two binding option agreements to acquire a 100% interest in each of the New Athona Cobalt Project and the Bay Lake Cobalt Project, both located in Ontario, Canada.

16/03/2017

The securities of MetalsTech Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

15/03/2017

listed entity carried for record purposes only

24/02/2017

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    20/08/2021Gino D'Anna40,000$0.195$7,800
    19/08/2021Russell Moran228,803$0.198$45,189
    19/08/2021Qingtao Zeng125,000$0.206$25,782
    26/07/2019Gino D'Anna773,155$0.014$11,051
    06/02/2019Gino D'Anna145,000$0.033$4,803

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Gino D'AnnaNon Exec Director24/02/2017
    Candice StevensonNon Exec Director31/12/2021
    Robert SillsTechnical Director28/09/2023

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Qingtao ZengNon Exec Director17/06/201928/09/2023
    Russell MoranNon Exec Chairman24/02/201731/12/2021
    Noel O'BrienNon Exec Director17/06/201907/07/2020
    Quinton HillsExecutive Director13/09/201817/06/2019
    David RiekieManaging Director06/04/201810/09/2018
    Shane UrenDirector24/02/201706/04/2018
    Michael VellettaDirector24/02/201706/04/2018

    Date of first appointment, title may have changed.