New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (187% increase in shares outstanding). Revenue is less than US$1m (AU$505 revenue, or US$357). Market cap is less than US$10m (AU$4.73m market cap, or US$3.34m). New Risk • Feb 20
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 13% 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 Shareholders have been substantially diluted in the past year (257% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.83m market cap, or US$4.81m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Board Change • Dec 23
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 David Wheeler was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Dec 05
Avira Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million. Avira Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,500,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 212,500,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 20
Avira Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million. Avira Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,500,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 212,500,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 09
Avira Resources Limited, Annual General Meeting, Nov 27, 2025 Avira Resources Limited, Annual General Meeting, Nov 27, 2025. New Risk • Oct 01
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$647k 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$647k free cash flow). Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (AU$5.1k revenue, or US$3.4k). Market cap is less than US$10m (AU$2.99m market cap, or US$1.97m). Minor Risk Share price has been volatile over the past 3 months (19% average weekly change). New Risk • Sep 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 Earnings have declined by 0.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.76m market cap, or US$1.81m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (18% average weekly change). Ankündigung • May 21
Avira Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.506422 million. Avira Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.506422 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,172,985
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00042
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,172,985
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00042
Transaction Features: Subsequent Direct Listing Ankündigung • Mar 28
Avira Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.506422 million. Avira Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.506422 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,172,985
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00042
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,172,985
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00042
Transaction Features: Subsequent Direct Listing Ankündigung • Mar 13
Avira Resources Limited has completed a Derivatives Offering in the amount of AUD 0.048436 million. Avira Resources Limited has completed a Derivatives Offering in the amount of AUD 0.048436 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 48,435,500
Price\Range: AUD 0.001
Transaction Features: Rights Offering Ankündigung • Feb 05
Avira Resources Limited has announced a Derivatives Offering in the amount of AUD 0.048436 million. Avira Resources Limited has announced a Derivatives Offering in the amount of AUD 0.048436 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 48,435,500
Price\Range: AUD 0.001
Transaction Features: Rights Offering New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$1.3m free cash flow). Shares are highly illiquid. Earnings have declined by 3.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Revenue is less than US$1m (AU$29k revenue, or US$18k). Market cap is less than US$10m (AU$2.94m market cap, or US$1.83m). New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shares are highly illiquid. Market cap is less than US$10m (AU$2.94m market cap, or US$1.81m). Minor Risk Shareholders have been diluted in the past year (38% increase in shares outstanding). Board Change • Dec 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. 2 non-independent directors. Independent Non-Executive Chairman David Wheeler was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Nov 29
Avira Resources Limited Elects David Wheeler as Director Avira Resources Limited at its AGM held on November 29, 2024, approved Election of Director - Mr. David Wheeler. Ankündigung • Oct 11
Avira Resources Limited, Annual General Meeting, Nov 29, 2024 Avira Resources Limited, Annual General Meeting, Nov 29, 2024. New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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. Earnings have declined by 7.9% per year over the past 5 years. Revenue is less than US$1m (AU$29k revenue, or US$20k). Market cap is less than US$10m (AU$2.94m market cap, or US$2.03m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (38% increase in shares outstanding). Ankündigung • Sep 05
Avira Resources Limited Announces Change of Company Secretary Avira Resources Limited announced that it has appointed Mr. Rhys Waldon, as Company Secretary effective 5 September 2024. The appointment follows the resignation of Mr. Sonu Cheema as Secretary of the Company due to unforeseen personal circumstances. Ankündigung • Jun 27
Avira Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.805 million. Avira Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.805 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 530,000,000
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 275,000,000
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • May 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor 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. Earnings have declined by 7.9% per year over the past 5 years. Revenue is less than US$1m (AU$29k revenue, or US$19k). Market cap is less than US$10m (AU$2.66m market cap, or US$1.76m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Ankündigung • Apr 25
Avira Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.53 million. Avira Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.53 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 530,000,000
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • Mar 14
Avira Resources Limited, Annual General Meeting, Oct 24, 2024 Avira Resources Limited, Annual General Meeting, Oct 24, 2024. New Risk • Mar 14
New major risk - Revenue and earnings growth Earnings have declined by 7.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$1.6m free cash flow). Earnings have declined by 7.9% per year over the past 5 years. Revenue is less than US$1m (AU$26k revenue, or US$17k). Market cap is less than US$10m (AU$2.13m market cap, or US$1.41m). Ankündigung • Nov 24
Avira Resources Limited Approves Replacement of Constitution Avira Resources Limited announced that at its AGM held on 24 November 2023, the shareholders approved the amendment of the Articles of Association. Ankündigung • Oct 07
Avira Resources Limited, Annual General Meeting, Nov 24, 2023 Avira Resources Limited, Annual General Meeting, Nov 24, 2023. New Risk • Oct 02
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$1.5m 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$1.5m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.27m market cap, or US$2.74m). New Risk • Sep 29
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$1.5m This is considered a minor 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 Share price has been highly volatile over the past 3 months (51% average weekly change). Revenue is less than US$1m (AU$18k revenue, or US$11k). Market cap is less than US$10m (AU$4.27m market cap, or US$2.74m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-AU$1.5m). New Risk • Sep 15
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 Share price has been highly volatile over the past 3 months (38% average weekly change). Revenue is less than US$1m (AU$7.4k revenue, or US$4.7k). Market cap is less than US$10m (AU$2.13m market cap, or US$1.37m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Aug 30
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 Share price has been highly volatile over the past 3 months (39% average weekly change). Revenue is less than US$1m (AU$7.4k revenue, or US$4.8k). Market cap is less than US$10m (AU$4.27m market cap, or US$2.77m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Board Change • Aug 29
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 David Wheeler was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Feb 16
Avira Resources Limited Provides Updates on Geophysical Survey at the Puolalaki Ni-Cu Project Located in Northern Sweden Avira Resources Limited announced that it has now received the results of the fixed-loop EM and downhole EM surveys recently completed at the Puolalaki Ni-Cu Project located in northern Sweden. The final results and processed data from the UAV-borne magnetic survey are however still pending. The results from these surveys have identified a number of high priority drill targets with a mix of relatively discrete, highly conductive bodies at shallow depths (30-100m) and an additional large target at depth (400-500m). The geophysical surveys were completed in February 2023 by GRM Services (Finland) using the SWEREF99 co-ordinate system. A total of 186 FLEM stations covering 7.5 line-kilometres were recorded. Three high priority target zones have been identified from the FLEM survey (T1, T2 and T3). Each represents relatively discrete, highly conductive bodies at shallow depths. Modelled conductance levels are all +10,000 Siemens representing potential massive sulphide targets. These targets are located within or near the contact of the host gabbro body. Target T4 has been ranked as a lower priority target given it is located to the east of the known nickel mineralisation within graphitic and pyrrhotitic metasediments and gneisses and the conductance is also much lower than the other 4 targets at 2500S. The T5 target is located well within the host gabbro at a depth of 400m-500m below surface and has a conductance of 10,000 Siemens. Given the depth and complexity of modelling this large conductor it has been ranked as a secondary priority. Three historic drillholes were successfully surveyed with downhole EM; drillholes PNO98004, 98005 and 98015. PNO98004 detected an off-hole anomaly between 50-70m from a highly conductive body sitting slightly above the drillhole. Results are consistent with the FLEM models of a small, localised conductor located sub-parallel to the drillhole. PNO98005 detected an off-hole anomaly at 40m downhole, with the conductor centred above the drillhole consistent with PNO98004 and the FLEM model. There was a minor in- hole response observed at 90m which coincides with the Ni-Cu mineralisation (5.9m @ 0.51% Ni from 89.5m). There is, however, no support for this section continuing off-hole. PNO98015 only shows a broad background response consistent with the known distant conductors (weak off-hole responses). Avira believes the EM conductors are prospective targets for massive nickel sulphide mineralisation due to the strong conductance (+10,000S) of the anomalies and their close proximity to historic Ni-Cu sulphide mineralisation. The early breakthrough at Puolalaki has produced five priority diamond drill targets (~1000m). This initial drilling campaign will focus on delineation of the shallower targets as well as the significant deeper T5 target. DHEM surveying of these new drill holes will confirm targets have been successfully tested and to assist with any follow-up drilling requirements. A drill rig will be mobilised to site as soon as practicable. Ankündigung • Jan 28
Avira Resources Limited Completes Initial Ground Based Exploration Program Avira Resources Limited announced that it has now completed the first stage of the planned exploration program at the Puolalaki Cu-Ni-Co Project located in northern Sweden. The Puolalaki Project comprises a single exploration permit (Puolalaki nr 100) centred over the target gabbro intrusion which hosts historic nickel sulphide mineralisation. The project is located in Sweden's premier Gällivare mining district which is host to Europe's largest open-cut copper mine Aitik, owned by Boliden and to LKAB's Malmberget iron-ore mine. A fixed-loop configuration was used with a transmitter loop of 600x400m, a survey line spacing of 50-100m and a station spacing of 25-50m for a total of 7.5 line-km. The base frequency was 1hz, with a minimum of 3 readings per station. Three of the historic diamond drillholes were first dummy probed to check if they were open and amenable to downhole surveying; all three holes were open and subsequently surveyed with a transmitter loop of 600x400m and a station spacing of 5-10m. Processed data from the UAV-borne magnetic survey, FLEM and DHEM surveys is expected to be received by the end of February. In the event that specific drillhole targets are identified, an initial diamond drilling program is estimated to take approximately 6 weeks to complete from the date of rig mobilisation. The planned UAV magnetic survey has been delayed due to a mechanical issue with the sensor, the crew expects to receive the repaired sensor before the end of January with the survey estimated to be completed by the end of the first week in February 2023. Board Change • Nov 16
Less than half of directors are independent 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. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman David Wheeler was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Nov 07
Avira Resources Limited Commences Exploration Program on Swedish CU-CO-NI and AU Project Avira Resources Limited announce that the planned exploration program for the twin system CU-CO-NI and AU is scheduled to commence in November 2022. This campaign includes exploration Stages 1 and 2 consisting of Airborne Magnetic, Fixed-loop EM Surveys and Diamond Core Drilling. BACKGROUND: The Project comprises a single exploration permit (Puolalaki nr 100) centered over the target gabbro intrusion. The location of the project is in Sweden's premier Gällivare mining district which is host to Europe's largest open- cut copper mine Aitik, owned by Boliden and to LKAB's Malmberget iron-ore mine. At Puolalaki, (50km SE of Gällivare) Ni-Cu mineralisation is hosted in a syn-orogenic gabbro intrusion that displays evidence of fractional crystallisation and segregation of the mafic melt. In 1998, exploration company North Atlantic Natural Resources (NAN) drilled two holes intercepting magmatic sulfides at Puolalaki effectively confirming the occurrence of Ni-Cu-Co mineralisation within the gabbro intrusion. Avira currently intends to carry out exploration work in the form of air and ground based geo- physical and diamond core drilling within the permit area. The surveys are part of the Company's work to explore the bedrock in the area. The work will take place within the work area plotted on the map of this work plan. Geophysical measurements: Geophysical measurements including an airborne UAV Magnetic Survey and a ground based fixed loop EM survey both on the ground surface and in drillholes are planned to commence during the current northern hemisphere winter. UAV Magnetic Survey: The survey will include approximately 175-275 line kilometres with survey lines planned at 25m - 40m spacings. It is estimated that the work will be completed within a pone week period and is dependent on weather conditions. The survey will be flown with a Quadcopter carrying a GEM-GSMP35 potassium magnetometer. Concurrently, a GEM GSM19 Overhauser magnetometer will be used as the base station. The UAV will fly according to planned flight path and follow terrain keeping nominal flight altitude at 25 - 30 meters, if allowed by trees a 20m flight may be used, but it will be verified on site. Raw Data will be delivered to the client on daily basis or as agreed. Final processed data will be delivered within three weeks after the survey is finished. Fixed Loop Ground and Borehole TEM: A Fixed Loop configuration will be used with the transmitter loop shall be 600x400m. Survey lines will be 100m spaced, stations 50m spaced total 6 km of lines. Base frequency 1 hz, 128 stack, minimum 3 readings /station & Two boreholes each 100 - 150m deep. Diamond drilling: Initial drilling with comprise 2-8 diamond drill holes totaling 2,500 drill meters. Depending on the results of these initial holes, additional drillholes may be added both inside and outside the preliminary drilling area as work progresses The diamond drilling will be carried out using a tracked-mounted drill rig with low ground pressure and comparable in size to a forest tractor. The drilling is intended to be carried-out in 24 hour shifts. The drill rig will be supplied with flushing water that will be drawn from any of the surface waterbodies present in the immediate area or from existing drillholes. Drill cuttings will be captured to avoid them entering into wetlands and watercourses. The casing will be cut to ground level and capped. In the event artesian water is encountered, the drillholes will also be plugged before caps are mounted. As far as possible, the drill rig will be transported along existing routes/tracks/roads to and within the work area. For off-road routes, the company will choose the shortest possible distances from existing roads, thus minimizing the impact on the natural environment, the cultural environment, reindeer grazing and the other interests that exist in the area. Transportation of fuel, drill core and equipment for the survey works will be done by quad bike or snowmobile depending on the season. TIMETABLE: The work plan covers estimated exploration work until end of the first quarter 2023. The initial diamond drilling is estimated to take about 8-12 weeks within this timeframe. To the extent that the exploration activities coincide with ongoing moose hunting, these efforts will be coordinated with the moose hunting team in the area. Ankündigung • Sep 27
Avira Resources Limited, Annual General Meeting, Nov 22, 2022 Avira Resources Limited, Annual General Meeting, Nov 22, 2022. Agenda: To consider the election of Directors. Ankündigung • Jul 01
Avira Resources Limited Provides Operational Update Avira Resources Limited provided an operational update on both its recent reconnaissance field trip to the Yule River Lithium project undertaken in March 2022 and its planned Paterson Range Electro-magnetic survey to be completed in July 2022. The recently completed work program was focussed on determining the prospectivity of non- magnetic signatures observed in open-source government data and outcrops identified with aerial imagery (Refer ASX release 24 March 2022). Please refer to section 1 and section 2 of the JORC table for further details. The Yule River Project is situated approximately 120km by road south of Port Hedland, accessed by the Great Northern Hwy, approximately 5km from the Wodgina Lithium Deposit (ALB/MIN: 259.2 Mt @ 1.17% Li2O) and ~30km from the Pilgangoora Lithium Deposit (PLS: 223.2Mt @ 1.27% Li 2O) with numerous Li-Ta-Sn deposits located within a 130km radius with other major projects including the Marble Bar (Li) Deposit and the Tabba Tabba (Ta) Deposit (Refer ASX release 16 February 2022). This region is considered to be a Lithium hotspot with neighbouring significant landholders in the region including ALB (Albemarle), PLS (Pilbara Minerals Ltd), FMG (Fortescue Metals Group Ltd) & ESS (Essential Metals Ltd) (Figure1). The project area consists of 3-blocks covering an area of 9.5km2 hosting hosts the same rock types as the Wodgina Lithium Deposit and is along-strike from numerous MINEDEX Li-Ta prospects and occurrences. Board Change • Apr 27
Less than half of directors are independent 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. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman David Wheeler was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Apr 01
Avira Resources Limited Announces Operational Update and Addendum of Yule River Lithium Project Avira Resources Limited provided a further update and addendum to the planned reconnaissance field trip to the Yule River Lithium Project which was undertaken in early March 2022. This focussed on determining appropriate access, field checking prospective structures with non-magnetic signatures observed in open-source government data and outcrops identified with aerial imagery. The Yule River Project is situated approximately 120km by road south of Port Hedland, accessed by the Great Northern Hwy, approximately 5km from the Wodgina Lithium Deposit (ALB/MIN: 259.2 Mt @ 1.17% Li2O) and 30km from the Pilgangoora Lithium Deposit (PLS: 223.2Mt @ 1.27% Li2O) with numerous Li-Ta-Sn deposits located within a 130km radius with other major projects including the Marble Bar (Li) Deposit and the Tabba Tabba (Ta) Deposit. This region is considered to be a Lithium hotspot with neighbouring significant landholders in the region including ALB (Albemarle), PLS (Pilbara Minerals Ltd), FMG (Fortescue Metals Group Ltd) & ESS (Essential Metals Ltd). The project area consists of 3-blocks covering an area of 9.5km2 hosting hosts the same rock types as the Wodgina Lithium Deposit and is along-strike from numerous MINEDEX Li-Ta prospects and occurrences. Prospective zones were checked by accessing the western side of the tenement using 4x4 vehicles; the more rugged areas were targeted using drone reconnaissance, followed by 4x4 and foot-based traverses. The prospective pegmatites were found to dip moderately to the south-southwest (south dipping pegmatites) and are 5-12m true thickness. Other narrower pegmatites dip steeply and parallel the NNE strike of the basalt host. Both pegmatite orientations show signs of fractionation from a granitic source which is inferred to occur to the west or underneath the project at depth. Adjacent tenure to the east has been drilled into by the Wodgina tenement holders and targets the tantalite and lepidolite bearing dyke swarms that trend into the Yule River Project. The thick, parallel, and shallow dipping nature of the south dipping pegmatites makes them an attractive exploration target. Areas without modern rock chip sampling were prioritised to assess if the apparently thick pegmatites were mineralised with LCT suite minerals. Whilst the width and orientation of pegmatite sampled provides a voluminous exploration target, the initial reconnaissance clear drill targets are yet to be defined. It was noted however that the drilling at the Vun Prospect had not drilled the full thickness of the pegmatite unit, leaving scope to define a large exploration target at depth. Reconnaissance traverses of the North-Eastern corner of the tenure also identified thick pegmatite units. Rock chips contained varying amounts of lithium mica; primarily lepidolite and possible zinnwaldite. At this stage the presence of spodumene in the dykes has not been confirmed. Hand samples of felted textured micas and coarse purple-grey lepidolite have been collected for assay; primarily these assays will provide a vector to mineralisation using trace element and whole rock geochemistry. Once geochemical vectoring and internal phase analysis of the pegmatites is complete, a reassessment of the untested portions of the outcropping and subsurface pegmatites will be made to determine if ground-based Geochem soil sampling and/or drilling is supported. Ankündigung • Feb 25
Avira Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Avira Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 400,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Transaction Features: Subsequent Direct Listing Ankündigung • Feb 16
Avira Resources Limited announced that it expects to receive AUD 2 million in funding Avira Resources Limited announced a private placement of 400,000,000 shares at an issue price of AUD 0.005 per share for gross proceeds of AUD 2,000,000 on February 16, 2022. The transaction will include participation from sophisticated and professional investors. Ankündigung • Sep 24
Avira Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.375 million. Avira Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.375 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 343,750,000
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Transaction Features: Subsequent Direct Listing Ankündigung • Sep 19
Avira Resources Limited announced that it expects to receive AUD 1.375 million in funding Avira Resources Limited announced a private placement of 343,750,000 ordinary shares at AUD 0.004 per share for the gross proceeds of AUD 1,375,000 on September 17, 2021. The transaction is expected to close on September 23, 2021. The company will also issue 443,750,000 options expiring on July 10, 2022 at an exercise price of AUD 0.01 per option. The transaction is subject to shareholder meeting to be held on September 29, 2021. The company will issue shares in tranches; 206,246,000 shares in tranche 1; and 137,504,000 shares in tranche 2 which is subject to shareholder approval at the forthcoming Annual General Meeting which is anticipated to occur mid to late November 2021. Ankündigung • Mar 04
Avira Resources Limited Announces Wyloo Copper Gold Project Update Avira Resources Limited announced it has pegged five exploration licenses in the Ashburton Basin, Western Australia (the Wyloo Project) to explore for epithermal gold, silver and copper. The Wyloo Project consists of 5 exploration licenses (E08/3329, E08/2230, E08/3321, E08/3332, E08/3333). Avira has identified and pegged a series of exploration tenements totaling 179 sub blocks (collectively the Wyloo Copper/Gold Project) located in the Ashburton region of Western Australia. The Wyloo project consists of 586km2 of tenure in five Exploration License Applications (E08/3329, E08/3330, E08/3331, E08/3332, E08/3333). The Wyloo Project is prospective for Mount Clement style epithermal sediment-replacive Au-Ag-Cu hosted within the Wyloo Group sediments. This project is considered to be complimentary to Avira's existing copper project (Mount Macpherson) located in the Paterson Range. The location of this project in the North West Gasgoyne will allow for continuous exploration activity between the Paterson Range in the Pilbara and the Ashburton Basin in the Gasgoyne provinces in Western Australia. Ankündigung • Sep 01
EMX Royalty Corporation (TSXV:EMX) signed term sheet to acquire Exploration Projects in South Eastern Queensland from Avira Resources Limited (ASX:AVW) and MGT Mining Limited for AUD 0.06 million. EMX Royalty Corporation (TSXV:EMX) signed term sheet to acquire Exploration Projects in South Eastern Queensland from Avira Resources Limited (ASX:AVW) and MGT Mining Limited for AUD 0.06 million on September 1, 2020. The exploration projects include Yarrol (EPM8402) and Mt Steadman (EPM12834). Pursuant to the agreement, EMX Royalty Corporation shall pay option fee of AUD 5000 to secure a 60-day exclusivity period to conduct and complete due diligence activities in relation to the assets. The option fee is due and payable on signing of the term sheet. EMX Royalty Corporation shall also pay AID 0.06 million (including the Option fee) paid in cash on signing of the Sale and Purchase Agreement. The transaction is also subject to the satisfaction of conditions precedent that are customary for a transaction of this nature, including ministerial consent for the tenements. Ankündigung • Aug 31
Avira Resources Limited has completed a Derivatives Offering in the amount of AUD 0.207241 million. Avira Resources Limited has completed a Derivatives Offering in the amount of AUD 0.207241 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 207,240,926
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Transaction Features: Rights Offering Ankündigung • Aug 06
Avira Resources Limited has announced a Derivatives Offering in the amount of AUD 0.275 million. Avira Resources Limited has announced a Derivatives Offering in the amount of AUD 0.275 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 275,000,000
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Transaction Features: Rights Offering Ankündigung • Jul 08
Avira Resources Limited announced that it has received AUD 0.5 million in funding On July 3, 2020, Avira Resources Limited (ASX:AVW) closed the transaction. The round included participation from sophisticated and professional investors. The shareholders approved the transaction. 