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 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 Risk Shares are highly illiquid. 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 (6.6% increase in shares outstanding). Revenue is less than US$5m (AU$2.1m revenue, or US$1.4m). Market cap is less than US$100m (AU$83.7m market cap, or US$57.4m). Ankündigung • Sep 25
Newfield Resources Limited, Annual General Meeting, Nov 15, 2024 Newfield Resources Limited, Annual General Meeting, Nov 15, 2024. Ankündigung • May 01
Newfield Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Newfield Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Transaction Features: Subsequent Direct Listing Ankündigung • Mar 15
Newfield Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Newfield Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Transaction Features: Subsequent Direct Listing Ankündigung • Dec 27
Newfield Resources Limited Announces Resignation of Lili Jiang as Chief Financial Officer Newfield Resources Limited advises that its Chief Financial Officer (CFO), Ms. Lili Jiang, has tendered her resignation from the Company to pursue other interests. Ms. Jiang will remain in the role until late-January 2024 to ensure an orderly and smooth transition, and the Company has engaged a financial consulting firm to assist with ongoing CFO-related responsibilities in the near term, pending a new appointment to the finance manager role for the Company. Ankündigung • Dec 07
Newfield Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4.678681 million. Newfield Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4.678681 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,175,181
Price\Range: AUD 0.15
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,016,026
Price\Range: AUD 0.15
Transaction Features: Subsequent Direct Listing Ankündigung • Dec 06
Newfield Resources Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 17.640945 million. Newfield Resources Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 17.640945 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 65,522,966
Price\Range: AUD 0.15
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 52,083,333
Price\Range: AUD 0.15
Transaction Features: Rights Offering Ankündigung • Oct 26
Newfield Resources Limited, Annual General Meeting, Nov 22, 2023 Newfield Resources Limited, Annual General Meeting, Nov 22, 2023, at 09:30 W. Australia Standard Time. Location: Jarrah Room, BDO Offices, Level 9, Mia Yellagonga Tower 2, 5 Spring Street, Perth Western Australia Australia Agenda: To receive and consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2023, which includes the Financial Report, the Directors' Report and the Auditor's Report; to consider adoption of Remuneration Report; to consider election of Director - Mr Kunal Malhotra; to consider re-election of Director - Mr Karl Smithson; to consider approval of 10% Placement Facility; to consider ratification of Prior Issue of Conversion and Placement Shares; to consider ratification of Prior Issue of Placement Shares; to consider approval to issue 5,000,000 Lead Manager Options to Townshend Capital Pty Ltd; and to consider other matters. 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$16m 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$16m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (AU$132.3m market cap, or US$85.1m). New Risk • Sep 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (AU$2.0m revenue, or US$1.3m). Market cap is less than US$100m (AU$132.3m market cap, or US$85.2m). New Risk • Aug 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$149.9m (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Revenue is less than US$5m (AU$2.0m revenue, or US$1.3m). Market cap is less than US$100m (AU$149.9m market cap, or US$97.8m). Board Change • Jun 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. 3 non-independent directors. Independent Non-Executive Director Jack Spencer-Cotton 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. Ankündigung • May 10
Newfield Resources Limited Announces Executive Changes Newfield Resources Limited announced that Ms Natalie Teo has been appointed as Company Secretary following the resignation of Ms Joan Dabon effective May 9, 2023. Ankündigung • Jan 13
Newfield Resources Limited Announces Appointment of Karen O'neill as Non-Executive Director Newfield Resources Limited announced the appointment of Karen O'Neill as a non-executive director. Karen is an experienced mining executive and finance professional with more than 30 years' experience in resources, investment banking and corporate finance. She has worked in operationally focused roles in the resources industry in Australia, Africa and Asia, including her most recent roles as Managing Director of Kingsrose Mining Ltd, which saw a successful turnaround under her stewardship, and CEO of Koonenberry Gold Ltd. through a successful listing and capital raise. Karen holds an MBA and is a Fellow of the Governance Institute of Australia and the UK and a Graduate Member of the Australian Institute of Company Directors. Ankündigung • Oct 28
Newfield Resources Announces Resignation of Christopher Burton as Director Newfield Resources Limited advised Mr. Christopher Burton has resigned as a Company Director to pursue other professional opportunities. Mr. Burton's resignation will take effect immediately. The Board of Directors would like to sincerely thank Mr. Burton for his contribution and service as a director, helping the Company transition from exploration through mine development and into production, and wish him all the best in his future endeavours. The Company also advises that Resolutions 3 and 8 of the Notice of Annual General Meeting (Meeting), as lodged on 21 October 2022, which respectively pertain to the election of Mr. Burton as a director of the Company and approval to issue performance rights to Mr. Burton, are hereby withdrawn from the business of the Meeting. Ankündigung • Oct 07
Newfield Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 46.995879 million. Newfield Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 46.995879 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 71,356,797
Price\Range: AUD 0.35
Discount Per Security: AUD 0.0175
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,458,572
Price\Range: AUD 0.35
Discount Per Security: AUD 0.0175
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,857,143
Price\Range: AUD 0.35
Discount Per Security: AUD 0.0175
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 10,744,286
Price\Range: AUD 0.35
Discount Per Security: AUD 0.0175
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 2,857,143
Price\Range: AUD 0.35
Discount Per Security: AUD 0.0175
Transaction Features: Rights Offering Ankündigung • Sep 21
Newfield Resources Limited, Annual General Meeting, Nov 22, 2022 Newfield Resources Limited, Annual General Meeting, Nov 22, 2022. Board Change • Sep 01
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 Director Jack Spencer-Cotton 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. Ankündigung • Jun 02
Newfield Resources Limited Resumes Operations at Tongo Diamond Mine Newfield Resources Limited has re-commenced mining operations at its underground mine in Sierra Leone. The underground tunnel /development heading, where the incident occurred remains closed pending completion of the investigation by the relevant authorities, in conjunction with the Company's personnel. The restriction of activities in this specific area of the mine will not disrupt the other activities at the mine site. 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. 3 non-independent directors. Independent Non-Executive Director Jack Spencer-Cotton 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. Ankündigung • Apr 08
Newfield Resources Limited Announces Resignation of Michael David Lynn as Director Newfield Resources Limited announced that Michael David Lynn has resigned as a director of the company with immediate effect. Ankündigung • Mar 01
Newfield Resources Limited (Newfield) Announces an Operational Update in Relation to Its Tongo Diamond Mine Development in Sierra Leon Newfield Resources Limited (Newfield) announced an operational update in relation to its Tongo Diamond Mine Development in Sierra Leone (Tongo Mine Development or Tongo). Total underground development has now exceeded 1kilometre - 1,127m of waste and kimberlite development has been achieved to date. Development activity is currently focussed on the continuation of the Kundu decline, Level-1 rock and fissure drives and the ventilation raise from the Kundu Return Airway (RAW). The fissure drives and the development off the ventilation raise will enable access to the ore body and the establishment of the first mining stopes and signal the transition of Newfield from an explorer and project developer to a producer. The development of the Return Air Way (RAW) on Kundu Segment A has passed the point where the ventilation raise can commence. The RAW has now been developed some 245m and blasting in an easterly direction will continue on-reef to give top level access to the planned stope mining from Level-1 located below the RAW. This development will continue to provide kimberlite ore for processing until such time as the first mining stopes come into production scheduled for June 2022. Blasting of the 4m x 4m Kundu decline and has now passed the point where the first mining level rock drive is being established. Some 225m of decline development has been completed. The decline has progressed 32m beyond the break away for the Level-1 rock drive and is planned to continue to the northwest and then turn to the southwest to access the Level-1 development of the Kundu Segment B and C dyke segments. The Level-1 rock drive to access segment A East of the dyke system has turned off the Kundu decline where 34m has been developed so far. The first crosscut breakaway to access ore was blasted after 16m and intersected kimberlite during February 2022, ahead of the scheduled date of late March 2022. On-reef fissure drive development is now in progress which will in turn allow the establishment of the first raise and mining stope faces. Processing of the kimberlite ore recovered from the on-reef Kundu RAW development continues to yield encouraging diamond grades and quality diamonds. Initial in-house observation estimates that 80% of the diamond recoveries are in the gem quality category, with the larger diamond recovered being a 9.6 carat gem. The photographs below are pictures of some gem quality stones recovered to date, and notably the shapes and quality are in line with the expectations of run of mine production as seen during the sampling phase. Many diamonds exhibit excellent crystal shapes with top colour and clarity characteristics. Although volume of ore processed to date is relatively small, the results are consistent with, or higher than, the estimated mineral resource grade and value of that area of the Kundu Segment A resource. In addition to the run of mine processing activities, two controlled bulk samples have been processed to calculate the actual recovered grade from mining and processing, versus the 2019 resource model grades. These samples have been mined from the ongoing Kundu Segment A RAW development and the carat recoveries reconciled directly with those segments of kimberlite in the resource block model, which has grades assigned on a 10m x 10m x 1m block basis across the declared resource. Ankündigung • Feb 09
Newfield Resources Limited Appoints Alistair McQueen Croll as Non-Executive Director Newfield Resources Limited announced the appointment of Mr. Alistair McQueen Croll as a non-executive director. Alistair is a mining engineer with over 35 years' experience in the industry. Alistair worked for De Beers and Anglo American in Southern Africa for over 20 years before moving to Australia in 2005 where he has held chief operations officer roles for Consolidated Minerals Australia, St Barbara Limited and Mawson West Limited. Alistair has worked in a number of commodities including diamonds, gold, platinum, manganese, chrome, nickel and copper across sub-Saharan Africa, West Africa, Papua New Guinea and the Solomon Islands. Over the past 5 years, Alistair has assisted in consulting roles for a number of mid- tier mining companies and also conducts safety leadership coaching for a large company in the construction sector. Ankündigung • Dec 08
Newfield Resources Limited Announces Exploration Update on Peyima Kimberlite Newfield Resources Limited reported encouraging results of its exploration programme on the Peyima Kimberlite located within its Tongo Mine concession area. The Peyima Kimberlite is located in the south east of the Tongo mining concession, and has been mapped along surface over a distance of 2.24kms, primarily following historical artisanal mining. In 2010 a limited drilling programme was conducted whereby four holes were drilled, three of which intersected kimberlite with the deepest intersection being 130m from surface (vertical depth). In addition, a ground geophysical survey was conducted across the area of drilling interest. Petrographic studies of the drill core intersections identified the kimberlite as a medium grained, garnet macrocrystic, phlogopite hypabyssal kimberlite. The sample was carefully measured and surveyed every metre to determine the volume extracted and the specific gravity and moisture content measured from kimberlite samples collected every 1m. Using these data it was calculated that a total of 108 dry tonnes of kimberlite was collected along a sample strike length of 40m. In addition, at every 2m along the sample trench, samples of kimberlite were collected to give a composite weight of approximately 200kg. These samples will be consigned to the SRC Laboratory in Canada for microdiamond analysis, the results of which will assist in the evaluation of the kimberlite. The kimberlite samples were trucked and stockpiled in a secure sample paddock next to the 5tph bulk sample plant located at the Tongo camp and plant site. The samples were processed at a bottom cut off of +1.2mm, with diamond recovery by X-Ray Flowsort machines. The diamonds were recovered from the heavy mineral concentrate by an experienced diamond sorter under strict security and in the presence of a Government observer A total of 110.58 carats of diamond were recovered from the 108 dry tonnes processed, giving a recovered sample grade of 102.37cpht at a +1.2mm cut off. The diamonds are categorised as gem (49%), near-gem (25%) and industrial (26%) quality. The larger stone recovered was a 5.07 carat near-gem stone. Ankündigung • Dec 02
Newfield Resources Limited Announces Operational Update in Relation to Its Tongo Diamond Mine Development in Sierra Leone Newfield Resources Limited announced an operational update in relation to its Tongo Diamond Mine Development in Sierra Leone. Kundu Return Air Way: The development of the Return Air Way (RAW) on Kundu Segment A towards the ventilation shaft continued. The RAW has been developed some 146m and there remains a further 46m before the ventilation raise is reached. The raise will be 2m x 2m in diameter and equipped with a travelling way (staircase) over a distance of 42m at a raise angle of 35-degrees from the RAW to the surface, to provide an escape way for mine personnel. The ventilation shaft at surface has been constructed where the raise will "hole out". Two 75Kw fans will be installed at the surface of the ventilation shaft which will draw air out of the mine providing through ventilation and safe mine working conditions. The RAW is being developed along strike (on reef) of the Kundu A kimberlite segment and each blast provides ore for stockpiling and processing via the 5tph plant. Kundu Decline: Blasting of the 4m x 4m Kundu decline continued from the split with the Kundu incline to the RAW and will be developed down at an 8-degree angle to reach the first mining level of Kundu Segment A, some 35m below the surface. A further 61m will be developed before the decline turns towards the Level-1 rock drive which will be developed for 55m the first cross cuts to the mining raise and stopes which will yield increased run of mine ore. Underground Support and Infrastructure: During development the underground support and infrastructure is progressively installed. This includes electrification, ventilation, compressed air and water pump stations. Some four pump stations have been constructed so far to dewater the mine and to provide dry working conditions. In addition, a rescue bay has been constructed for safe refuge of workers in the event of an underground incident. Outlook: The next two months will see the continuation of the Kundu A RAW development and commencement of the ventilation raise, recovering ore from Kundu A in the process. In addition, the Kundu decline will progress towards mining Level-1 of Kundu A where a rock drive will be developed eastwards towards the first cross cuts that will access the first fissure raise and mining stopes of Level-1. Executive Departure • Aug 03
Company Secretary Kimberley Hogg has left the company On the 28th of July, Kimberley Hogg's tenure as Company Secretary ended after 9.9 years in the role. We don't have any record of a personal shareholding under Kimberley's name. A total of 2 executives have left over the last 12 months. Ankündigung • Jan 29
Newfield Resources Limited Announces Increase in Diamond Resource to 8.3 Million Carats Newfield Resources Limited announced a maiden JORC- compliant Inferred Diamond Resource estimate of 910,000 carats for the Panguma kimberlite, which forms part of the Tongo Diamond Project in Sierra Leone (Tongo Project or Project). This brings the combined Indicated and Inferred Diamond Resources for the Tongo Project to 8.3 million carats, based on five of 11 known kimberlites within the project area which have so far been evaluated.
Independent geological consultant, MPH Consulting Limited of Toronto, Canada (MPH), has undertaken and completed the updated JORC-compliant resource statement for the Panguma kimberlite. Z-Star Mineral Resource Consultants (Z-Star), also an independent consultancy, provided the diamond grade and value estimates for MPH to incorporate in the resource statement. Both MPH and Z-Star are independent of Newfield and do not hold any securities in the Company. Furthermore, they have signed consent forms verifying that the information contained in this announcement fairly and accurately represents their work, analysis and interpretation used in the mineral resource statement. The data used by MPH to generate the resource statement was collected over a number of evaluation phases from 2012 to 2020. Based on the drilling and core logging of the Panguma kimberlite, MPH created a detailed geological model of the Panguma kimberlite dyke and separated the resource into a series of along-strike units and vertical depth levels which are referred to as Segments. Is New 90 Day High Low • Dec 31
New 90-day high: AU$0.27 The company is up 29% from its price of AU$0.21 on 02 October 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: AU$0.24 The company is up 26% from its price of AU$0.19 on 02 September 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. 
