Announcement • Sep 01
VDM Group Limited Announces Change of Company Secretary VDM Group Limited announced the appointment of Mr. Paul Hardie as Company Secretary, effective 1 September 2025. Mr. Hardie is an existing non-executive director of VDM. Mr. Hardie is a practising commercial lawyer and experienced General Counsel & Company Secretary with more than 20 years' legal, corporate advisory, and governance experience across a range of industry sectors including mining and resources, construction, manufacturing, and financial services. Mr. Hardie also has extensive public company board experience in both non-executive and executive leadership roles, having been a chairman, director, non-executive director, legal counsel, company secretary and adviser to ASX listed companies. Mr. Hardie is a member of the Law Society of WA, the Australian Institute of Company Directors and a Fellow of the Governance Institute of Australia. With the appointment of Mr. Hardie, Michael Fry resigns from the role of Company Secretary effective 31 August 2025. Announcement • Jul 29
VDM Group Limited, Annual General Meeting, Aug 28, 2025 VDM Group Limited, Annual General Meeting, Aug 28, 2025. Location: 45 ventnor avenue, west perth,western australia Australia Announcement • Apr 24
VDM Group Limited Auditor Raises 'Going Concern' Doubt VDM Group Limited filed its Annual on Apr 22, 2025 for the period ending Jun 30, 2024. In this report its auditor, Hall Chadwick, gave an unqualified opinion expressing doubt that the company can continue as a going concern. Board Change • Oct 30
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 Luk Hiuming was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 17
VDM Group Limited, Annual General Meeting, Nov 30, 2023 VDM Group Limited, Annual General Meeting, Nov 30, 2023, at 10:30 W. Australia Standard Time. Agenda: To consider the election of Directors. Board Change • Oct 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 Chairman Luk Hiuming was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-AU$1.1m). Revenue is less than US$1m (AU$2.0k revenue, or US$1.3k). Market cap is less than US$10m (AU$6.93m market cap, or US$4.41m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Announcement • Sep 01
VDM Group Limited Announces Resignation of Colin Noid as Non-Executive Director VDM Group Limited announced that Mr. Colin Noid has resigned as a non-executive Director with immediate effect. A final Director's interest statement will be lodged separately. The Company thanks Mr. Colin Noid for his service over a long period of time. There is no intention to replace Mr. Noid at this time. Board Change • Aug 24
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 Chairman Luk Hiuming was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 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 Chairman Luk Hiuming was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 17
VDM Group Limited Appoints Paul Hardie as Non-Executive Director VDM Group Limited announced that Mr. Paul Hardie has been appointed as a non-executive Director with immediate effect. An initial Director's interest notice will be lodged separately. Mr. Hardie is a practicing commercial lawyer and experienced General Counsel & Company Secretary with more than 20 years' legal, corporate advisory, and governance experience across a range of industry sectors including mining and resources, construction, manufacturing, and financial services. Mr. Hardie also has extensive public company board experience in both non-executive and executive leadership roles, having been a chairman, director, non-executive director, legal counsel, company secretary and adviser to ASX listed companies. Mr. Hardie is a member of the Law Society of WA, the Australian Institute of Company Directors and a Fellow of the Governance Institute of Australia. Announcement • May 30
VDM Group Limited Advises Huadong Guo Resigned as A Non-Executive Director VDM Group Limited advised that Mr. Huadong Guo has resigned as a non-executive Director with immediate effect. Board Change • Apr 20
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. 4 non-independent directors. Independent Non-Executive Chairman Luk Hiuming was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 06
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. 4 non-independent directors. Independent Non-Executive Chairman Luk Hiuming was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 06
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. 4 non-independent directors. Independent Non-Executive Chairman Luk Hiuming was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 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. 4 non-independent directors. Independent Non-Executive Chairman Luk Hiuming was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 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. 4 non-independent directors. Independent Non-Executive Chairman Luk Hiuming was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
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. 5 non-independent directors. Independent Non-Executive Chairman Luk Hiuming was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 20
VDM Group Limited, Annual General Meeting, Nov 29, 2022 VDM Group Limited, Annual General Meeting, Nov 29, 2022, at 13:00 W. Australia Standard Time. Location: Unit 2, 420 Bagot Road, Subiaco Western Australia Australia Agenda: To consider the election of the directors. Board Change • Oct 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. 5 non-independent directors. Independent Non-Executive Chairman Luk Hiuming was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 01
Full year 2022 earnings released: EPS: AU$0 (vs AU$0 in FY 2021) Full year 2022 results: EPS: AU$0 (in line with FY 2021). Net loss: AU$711.0k (loss narrowed 23% from FY 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • May 04
VDM Group Limited Appoints Ming Guo as Non-Executive Director The Board of VDM Group Limited advised of the appointment of Mr. Ming Guo as a Non-Executive Director of the Company. Mr. Gou is a highly experienced and successful businessman who, amongst many other interests, is the chairman and principal shareholder in a marblemine presently operating in Angola. He is both chairman and shareholder in a range of companies that are involved in engineering, automation, mining, liquor and banking industries. Board Change • Apr 27
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. 4 non-independent directors. Independent Non-Executive Chairman Luk Hiuming was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 23
VDM Group Limited Appointment of Huadong Guo as Non-Executive Director of the Company The Board of VDM Group Limited ('VDM' or 'the Company') announced that Mr. Huadong Guo has been appointed as a Non-Executive Director of the Company effective immediately. Mr. Guo is a highly successful businessman who has owned and operated businesses in several east Africa countries including Kenya, Uganda, Tanzania, Congo, Angola and South Sudan over the past 40 years across a range of industries including construction, mining, forestry and electronics. Announcement • Dec 23
VDM Group Limited Announces CdB Project - Phase 2 Drilling Results VDM Group Limited provided supplementary drill-hole cross-section information for Phase 2 of its Drilling program at the Company's Cachoeiras do Binga (CdB) Copper Project in Angola (55.25% owned by VDM). The cross-sections show that the high-grade mineralisation was generally intersected in a 40 metre zone that extends from ~40 metres below surface to ~80 metres below surface. For full details of the Phase 1 and Phase 2 drilling assay results refer to the Company's ASX announcements of 15th March 2019 and 26th November 2020 respectively. Announcement • Nov 28
VDM Group Limited Delivers Maiden Copper Mineral Resource Estimate at Cachoeiras do Binga Project VDM Group Limited announced that it has taken a further step towards its objective of developing a portfolio of high-quality mineral assets with the announcement of a maiden Mineral Resource Estimate (MRE) for the Company's Cachoeiras do Binga (CdB) Copper Project in Angola (55.25% owned by VDM). The MRE was undertaken by SRK Consulting China Ltd. (SRK) following a 5,691 metre drilling campaign during 2019 that complemented the
3,903 metres of previous drilling completed by the Company in 2018. CdB Project Overview: The CdB Project is located east of the regional capital and coastal city of Sumbe (airport and port) and approximately 385 km south of the Angolan capital city of Luanda. The CdB Project covers 3,854kms2 and is approximately 32kms from East to West and 129kms from North to South. Mineral Resource Estimate: The CdB Mineral Resource Estimate (MRE) was conducted by Dr. Yiefei Jia, Principal Consultant (Geology) of SRK Consulting China Ltd, Independent mineral industry consultants. The MRE was prepared in compliance with the guidelines of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). The exploration database used for the resource estimation consists of 134 diamond coreholes and 7 trenches. A total of 1,658 intervals were sampled at the deposit. All the available data was input into a Geovia Surpac (Surpac) database for the estimation procedure.
Geology and Mineralisation Interpretation: The CdB Project is located within the west Angolan shield of the African shield. On the western side is the Atlantic coast basin, on the east is the inland Okavango basin, while a large area of Precambrian bedrock outcrops in the middle. The predominant strata in the CdB exploration tenement area consist mainly of Archaean gneiss, schist and quartzite; Early Cretaceous Cuvo Formation, a set of continental strata composed of conglomerate and sandstone in the lower section and a set of lagoon facies sedimentary sequences with upward thinning, coarse-fine sandstone, siltstone and marl interlayers in the upper section. The copper mineralisation of the project occurs in the upper section; Early Cretaceous Binga Formation, comprising bioclastic limestone and light-yellow medium-thick limestone; Early Cretaceous Tuenza Formation, composed of siliceous limestone and dolomite limestone; and Quaternary sediments. Fault structures and circular structures are relatively well developed in the exploration area. The fault structures include north-northeast trending, northwest trending and northeast trending faults. The circular structures are nearly circular and elliptical, with north-northeast or northeast long axis. Based on the interpretation of remote sensing, the circular structures may be caused by concealed rock masses. The intrusive rocks are mainly biotite granites, occur as rock mass and dykes intruded into the Precambrian metamorphic rocks. Nine (9) mineralised bodies have been delineated in the CdB deposit by trenching and drilling exploration. The mineralised bodies are hosted in the sandstone and siltstone strata of Early Cretaceous Cuvo Formation's upper section and are characterised by gently dipping stratiform and/or tabular shapes. M3-1 mineralised body is defined by 54 drilling holes and 2 trenches at elevations of 48m to 177m above sea level (ASL) in Zone 3. The mineralised body strikes northwest (N320°W) and dips gently 4° to 8°. It is about 1,030m long and has an average thickness of 2.71m and average grade of 1.09% Cu.M4-1 mineralised body is defined by 11 drilling holes and 4 trenches at elevations of 56m to 101m ASL in Zone 4. The mineralised body strikes southwest (S230°W) and dips gently 6° to 16°. It is about 450m long and has an average thickness of 2.11m and average grade of 1.16% Cu. M5-1 mineralised body is defined by 8 drilling holes at elevations of 38m to 58m ASL in Zone 5. The mineralised body strikes northeast and dips gently. It is about 250m long and has an average thickness of 2.62m and average grade of 0.68% Cu. The ore minerals are mainly limonite, hematite, covellite and malachite for oxidised ore, and pyrite, chalcopyrite, bornite, and chalcocite for the primary sulphide ore. The gangue minerals are mainly quartz, calcite and dolomite. According to the oxidation degree of ore, there are two ore types, the oxidised ore and the primary ore in the CdB deposit, but the primary ore is the dominant type. The ore minerals are characterised by irregular, metasomatic or metasomatic residual textures, and disseminated structure. The main alteration consists of silicification and pyritization. The CdB copper deposit is a typical sediment (mainly sandstone) hosted stratiform copper deposit. Announcement • Nov 26
VDM Group Limited Receives Chemical Assay Results from Als for the CdB Project VDM Group Limited received the chemical assay results from ALS for The CdB Project is located east of the regional capital and coastal city of Sumbe (airport and port) and approximately 385 km south of the Angolan capital city of Luanda. The CdB Project covers 3,854kms2 and is approximately 32kms from East to West and 129kms from North to South. The CdB Project shows characteristics of a typical central African sediment-hosted copper deposit. VDM's Phase 2 drilling program commenced on 6 May 2019 and was completed in late November 2019 with a total of ninety-three (93) holes having been drilled for 5,690.70 metres. Forty-nine (49) holes were drilled in Area 3 building on earlier positive results from Phase One; whilst thirty-three (33) holes were drilled in Area 4 and eleven (11) holes in Area 5 and were aimed at investigating targets generated from geological mapping, geochemical and geophysical information. Phase 2 drill-holes were largely to a depth of about 60 metres and are targeting near to surface mineralisation. Of the 93 holes drilled, four holes of between 120m and 150m were drilled for structural and hydrological purposes. In contrast, the Phase One Drilling Program comprised a total of 41 diamond core holes for a cumulative total of 3,903 metres. Twenty (20) holes were drilled in Areas 1, 2 and 3 to verify historical information; whilst twelve (12) holes were drilled in Area 4 and nine (9) holes in Area 5 and were aimed at investigating targets generated from geological mapping, geochemical and geophysical information. A map of the location of the drill-holes from all historical phases of drilling overlaid on the tenement blocks A total of 779 samples were collected from the half cores of the mineralised intervals and boundaries. The samples were crushed before being sent to ALS in Guangzhou, China for analysis. Assays results returned reflect that fifty-six (56) of the ninety-three (93) holes contained mineralisation grading better than 0.5% Cu. And that the mineralisation generally was intersected in a 40m zone that extends from 40m below surface to 80m below surface. All assays grading better than 0.5% Better assays include: 8.64m @ 2.60% Cu from 53.961m, including 1.1m @ 4.98% Cu from 61.47m in Hole 10 (located in Area 3); 3.15m @ 3.60% Cu from 35.20, including 1.08m @ 5.5% Cu from 37.27m in Hole 25 (located in Area 3); and 4m @t 2.13% Cu from 34m in Hole 16 (located in Area 3). Planning for the third phase of drilling at CdB is underway and will incorporate these recent results. On-the-ground activity is however currently suspended due to COVID-19 pandemic. Reported Earnings • Oct 02
Full year earnings released - AU$0.0003 loss per share Over the last 12 months the company has reported total losses of AU$1.72m, with losses narrowing by 9.8% from the prior year. 