Ankündigung • May 08
Alien Metals Limited and West Coast Silver Limited Outline Growth and Development Plan for Elizabeth Hill Silver Project Alien Metals Limited had noted the release of an announcement from its joint venture partner at the Elizabeth Hill Silver Project, West Coast Silver Limited, which outlines the growth and development plan for Elizabeth Hill in the West Pilbara, Western Australia following the release of its inaugural Mineral Resource on April 22, 2026 and recent high-grade drilling results. Alien holds a 30% interest in Elizabeth Hill and holds 30.5 million shares in West Coast Silver (representing an 8.7% interest in the issued share capital of West Coast Silver). Alien (via wholly owned subsidiary A.C.N. 643 478 371 Pty Ltd) also retains a 30% interest in the Elizabeth Hill Silver Project through a joint venture with Crest, which encompasses the Elizabeth Hill Mining Lease M47/342, which has produced some of Australia's highest-grade silver ore during the late 1990s. Alien retains a 30% interest in the Elizabeth Hill Silver Project and additionally holds 30.5 million shares in West Coast Silver Limited, providing both direct project exposure and equity participation in ongoing development. Ankündigung • Apr 18
West Coast Silver Releases Elizabeth Hill Dhem Target Update Alien Metals Limited advised that its joint venture partner, West Coast Silver Limited released an announcement titled 'Elizabeth Hill Silver Project: New High Priority Target to be Drill Tested'. The attached West Coast Silver release outlines the identification of a new DHEM conductor target at the Elizabeth Hill Project, located approximately 50 metres east of the Elizabeth Hill Mine and at a depth of around 110 metres, which West Coast Silver intends to drill test immediately. The first Down Hole Electromagnetic (DHEM) data has been received and processed from the Elizabeth Hill Mine Project. A DHEM conductor has been identified, 50 metres to the east of the Elizabeth Hill Mine and 110 metres depth. The anomaly is represented by a discrete modelled plate (dimensions 20-100 metres by 60 metres) which has not been previously drill tested. Historic drill hole AG54, which intersected 2m at 42 g/t Ag, is situated 25 metres up-dip and aligned with the plate model. The conductance and position of the plates present a compelling drilling target. The Diamond drill rig onsite will move immediately to test the DHEM anomaly, with drilling expected to be completed in the coming week. This first use of electromagnetics by West Coast Silver at Elizabeth Hill which supports the effectiveness of the technique in identifying conductive drill targets. Further surface geophysics techniques are currently being trialled over the Elizabeth Hill deposit. Assay results from Reverse Circulation (RC) and Diamond Drill (DD) programs are anticipated to be received progressively throughout Second Quarter 2026. Hole 25WCDD0025 from West Coast Silver drill program in 2025 was cased with PVC earlier in the year as part of the preparation for trialling DHEM. The DHEM program was designed to test whether direct targeting of high-grade silver mineralisation could be achieved. The results from the current survey indicate: The conductance values of the identified DHEM plates (400-1,200 Siemens) are consistent with the expected range for target silver mineralisation as indicated by petrophysical studies conducted earlier in 2026. While other factors could account for the observed conductivity, the context, intensity, and position of the plates present a compelling drilling target. The upper edge of the plate is located roughly 110 metres beneath the surface and about 50 metres east of the Elizabeth Hill Mine. The modelled conductive plate has a discrete area 60m in the north-south plane and 20 to 100 metres down-dip. No other drilling has been conducted at this depth within the area. All prior drilling was positioned above or passing above this target zone, drilling westward away from this target towards the main Munni Munni Fault. A single drill hole planned from an existing drill pad to directly target the modelled plate at approximately 150 to 170 metres downhole depth. Since the geophysical target has not yet been directly intersected by prior drilling, it remains uncertain whether the drill hole conductor anomaly reflects the same quality, quantity, or mineralogy as observed at Elizabeth Hill Mine. These factors will only be confirmed through the forthcoming drill hole that will test the anomaly. West Coast Silver is conducting multiple exploration programs planned to end of May 2026, comprising reverse circulation drilling, diamond drilling, Down Hole and surface geophysics. The diamond drill rig is moving to test the DHEM anomaly with drilling expected to be completed in the coming week. Should mineralisation be intersected then cutting logging and assaying will be completed over Second Quarter 2026. Elizabeth Hill is historically one of Australia's highest grade silver projects and has a proven production history. High grades enabled low processing tonnes. A total of 1.2 Moz of silver was produced from just 16,830t of ore at a head grade of 2,194g/t (70.5 oz/t Ag). Mining operations ceased in 2000 as a result of low silver prices ($5). Simplistic historic processing techniques were used focussing only on native silver extraction. Native silver was recovered via low-cost gravity separation techniques. Untapped mineral resource expansion potential remains. The Elizabeth Hill deposit remains open at depth and along strike. Recent consolidation of the WCE tenement land holding offers potential to discover more Elizabeth Hill style deposits near mine and regionally. World leading silver grades located on a mining lease with potential processing option at the nearby Radio Hill site. Through the consolidation of surrounding land packages into a single contiguous 180km2 package, significant exploration and growth potential has been created near mine and regionally. The land package holds a significant portion of the Munni Munni fault system, and other fault systems subparallel to the Munni Munni fault system, which are considered prospective for Elizabeth Hill silver deposit analogues. Ankündigung • Apr 14
Alien Metals Limited Commences Diamond Drilling for High-Grade Silver Extensions Below the Elizabeth Hill Mine Alien Metals Limited advised that its joint venture partner, West Coast Silver Limited announced that an up to 1,500m (six holes) diamond drilling (DD) program has commenced at the Elizabeth Hill Silver Project near Karratha, in the Pilbara region of Western Australia, targeting areas directly below and next to the underground mine, where drilling in 2025 showed that silver extends to the surface. Drilling is expected to take between four and six weeks and results are expected to be received progressively through the Second Quarter 2026. West Coast Silver Limited announced an up to 1,500m diamond drilling (DD) program has commenced at its flagship Elizabeth Hill silver project in the Pilbara region of Western Australia. The drilling is designed to expand the existing footprint of the Elizabeth Hill high-grade silver mineralisation down-dip and plunge of the historical Elizabeth Hill silver mine. This program represents the first systematic test of the Company's structural model that suggests high-grade silver mineralisation may repeat at depth along the Munni Munni Fault, which, if confirmed, could materially expand the scale of the Elizabeth Hill system beyond the historical mine. The DD program will specifically probe between and around historical drilling results along the Munni Munni Fault. Previous drilling intersected moderate to high-grade silver mineralisation, justifying follow-up to confirm depth potential, continuity, grade and distribution of intercepted zones. All holes are designed to intersect the Munni Munni Fault within approximately 200m of surface. Drilling is expected to take approximately four to six weeks, subject to weather and operational conditions. Assay results are anticipated to be received progressively through the Second Quarter 2026. Exploration Next Steps West Coast Silver is running multiple exploration programs from end of March to end of May 2026, comprising reverse circulation drilling, diamond drilling, borehole and surface geophysics. Focus through the next three months of exploration activities will be on processing, interpreting and reporting results, as well as dynamic repositioning of remaining planned drill holes to maximise chances of success from results received (geological, geophysical and assay results). Elizabeth Hill is historically one of Australia's highest grade silver projects and has a proven production history. High grades enabled low processing tonnes. A total of 1.2 Moz of silver was produced from just 16,830t of ore at a head grade of 2,194g/t (70.5 oz/t Ag). Mining operations ceased in 2000 as a result of low silver prices (USD 5). Simplistic historic processing techniques were used focussing only on native silver extraction. Native silver was recovered via low-cost gravity separation techniques. Untapped mineral resource expansion potential remains. The Elizabeth Hill deposit remains open at depth and along strike. Recent consolidation of the WCE tenement land holding offers potential to discover more Elizabeth Hill style deposits near mine and regionally. World leading silver grades located on a mining lease with potential processing option at the nearby Radio Hill site. Through the consolidation of surrounding land packages into a single contiguous 180km2 package, significant exploration and growth potential has been created near mine and regionally. The land package holds a significant portion of the Munni Munni fault system, and other fault systems subparallel to the Munni Munni fault system, which are considered prospective for Elizabeth Hill silver deposit analogues. Ankündigung • Apr 10
Alien Metals Limited Announces Diamond Drilling Targeting High-Grade Silver Extensions Beneath Elizabeth Hill Mine Alien Metals Limited a minerals exploration and development company, has advised that its joint venture partner, West Coast Silver Limited (ASX: WCE), has announced that a 1,500m diamond drilling (DD) programme is to commence in early April 2026 at the Elizabeth Hill Silver Project near Karratha, in the Pilbara region of Western Australia. Up to 1,500m diamond drilling program (6 holes) to commence beneath the historic Elizabeth Hill high-grade silver mine, Pilbara Western Australia. First systematic test of deeper silver mineralisation along the Munni Munni Fault - the primary structural control on high-grade silver at Elizabeth Hill. Targets extensions directly below and along strike of the underground mine, where 2025 drilling confirmed silver mineralisation extends to surface. Following up high grade silver intersections from historical surface and underground drilling. All holes designed to intersect the Munni Munni Fault within 200m of surface. Testing the "Pearls on a String" exploration concept- that high-grade silver mineralisation repeats at regular intervals along the fault, which could materially expand the scale of the Elizabeth Hill system. Drilling is expected to take approximately four to six weeks. Assay results are anticipated to be received progressively through Second Quarter 2026. The drilling is designed to expand the existing footprint of the Elizabeth Hill high-grade silver mineralisation down-dip and plunge of the historical Elizabeth Hill silver mine. This program represents the first systematic test of the Company's structural model targeting potential repetition of high-grade silver mineralisation at depth along the Munni Munni Fault, which, if confirmed, could materially expand the scale of the Elizabeth Hill system beyond the historical mine. Drilling will test for extensions of mineralisation along strike of the historical Elizabeth Hill high-grade underground silver mine, and structural targets along the Munni Munni Fault. The Munni Munni Fault is a significant regional control on silver and base metal mineralisation. The DD program will specifically probe between and around historical drilling results along the Munni Munni Fault. Previous drilling intersected moderate to high-grade silver mineralisation, justifying follow-up to confirm depth potential, continuity, grade and distribution of intercepted zones. Drilling will also test the concept of high-grade mineralisation repeating at regular intervals with depth. This is the 'Pearls on a String' concept favouring structural repetition of mineralisation over strike and depth along the Munni Munni Fault. All holes are targeting to intersect the Munni Munni Fault within approximately 200m of surface. Initial DD will be to the south and down plunge of the historical Elizabeth Hill silver mine and then step-out to focus on areas south along the Munni Munni Fault. Drilling is expected to take approximately four to six weeks, subject to weather and operational conditions. Assay results are anticipated to be received progressively through Second Quarter 2026. West Coast Silver is running multiple exploration programs from end of March to end of May 2026, comprising reverse circulation drilling, diamond drilling, borehole and surface geophysics. Focus through the next three months of exploration activities will be on processing, interpreting and reporting results, as well as dynamic repositioning of remaining planned drill holes to maximise chances of success from results received (geological, geophysical and assay results). Elizabeth Hill is historically one of Australia's highest grade silver projects and has a proven production history. High grades enabled low processing tonnes. A total of 1.2 Moz of silver was produced from just 16,830t of ore at a head grade of 2,194g/t (70.5 oz/t Ag). Mining operations ceased in 2000 as a result of low silver prices ($5). Simplistic historic processing techniques were used focussing only on native silver extraction. Native silver was recovered via low-cost gravity separation techniques. Untapped mineral resource expansion potential remains. The Elizabeth Hill deposit remains open at depth and along strike. Recent consolidation of the WCE tenement land holding offers potential to discover more Elizabeth Hill style deposits near mine and regionally. World leading silver grades located on a mining lease with potential processing option at the nearby Radio Hill site. Through the consolidation of surrounding land packages into a single contiguous 180km2 package, significant exploration and growth potential has been created near mine and regionally. The land package holds a significant portion of the Munni Munni fault system, and other fault systems subparallel to the Munni Munni fault system, which are considered prospective for Elizabeth Hill silver deposit analogues. Ankündigung • Mar 27
West Coast Silver Limited Announces Commencement of RC Drilling to Advance Elizabeth Hill Silver Project Alien Metals Limited (AIM: UFO), a minerals exploration and development company, has advised that its joint venture partner, West Coast Silver Limited (ASX: WCE) ("West Coast" or "West Coast Silver"), has announced that a 4,000m Reverse Circulation (RC) drilling program has commenced at the Elizabeth Hill Silver Project near Karratha, in the Pilbara region of Western Australia. Up to 4,000m Reverse Circulation (RC) drilling program has commenced at the Elizabeth Hill silver project in the Pilbara region of Western Australia. Initial drilling targets the northern extensions to the Elizabeth Hill silver mineralised system along the Munni Munni Fault (MMF). The RC program follows up high-grade grade silver intersections returned from 2025 drilling. All holes are targeted to intersect the MMF within ~150m of surface, a depth potentially amenable for open-pit mineable, low-cost resource growth. The RC program is designed to support expansion of the Elizabeth Hill mineralised footprint. Drilling includes extending areas directly up-dip and plunge of the Elizabeth Hill underground silver mine, defined in 2025 as being mineralised to surface. West Coast Silver Limited (ASX: WCE) ('West Coast Silver' or the 'Company') has announced an up to 4,000m Reverse Circulation (RC) drilling program has commenced at its flagship Elizabeth Hill silver project in the Pilbara region of Western Australia. The RC drilling is designed to expand the existing footprint of Elizabeth Hill high-grade silver mineralisation up-dip and plunge of the historical Elizabeth Hill silver mine. RC drilling will test for mineralisation extension along strike of the historic Elizabeth Hill high-grade underground silver mine and newly identified structural targets along the Munni Munni Fault (MMF). The MMF is a significant regional control on mineralisation. The RC program will specifically test for extensions of mineralisation north and northwest of 2025 diamond and aircore drilling results, as well as along the MMF at Elizabeth Hill North (EHN) and Elizabeth Hill South (EHS). Previous drilling at EHN and EHS intersected moderate to high-grade near-surface silver mineralisation justifying follow-up to confirm depth potential, continuity, grade and distribution of intercepted zones. All holes are targeting to intersect the MMF within approximately 150m of surface, highlighting the potential for rapid and cost-effective resource growth. Initial RC drilling will be to the north of the historical Elizabeth Hill silver mine and then focusing on areas south along the Munni Munni Fault. Drilling is expected to take approximately four to six weeks, subject to weather and operational conditions. Assay results are anticipated to be received progressively through Second Quarter 2026. RC drilling is a form of percussion drilling that uses high pressure air to flush rock chips up the centre of the drill rod for collection at surface in carefully controlled intervals representative of the depth of drilling. As drill chips travel up the centre of the RC drill rod, there is minimum sample contamination. Samples are split, logged and bagged for transport to Perth for laboratory assay. West Coast Silver is running multiple exploration programs from end of March to end of May 2026. With RC drilling having started, down-hole and surface geophysics are scheduled to commence at the end of March 2026. Diamond drilling to test the down-plunge extension of the Elizabeth Hill orebody commences in early April depending on drill rig availability. Focus through the next three months of exploration activities will be on processing, interpreting and reporting results, as well as dynamic repositioning of remaining planned drill holes to maximise chances of success from results received (geological, assay, geophysical). Elizabeth Hill is historically one of Australia's highest grade silver projects and has a proven production history. High grades enabled low processing tonnes. A total of 1.2 Moz of silver was produced from just 16,830t of ore at a head grade of 2,194g/t (70.5 oz/t Ag)[1]. Mining operations ceased in 2000 as a result of low silver prices (USD 5)[2]. Simplistic historic processing techniques were used focussing only on native silver extraction. Native silver was recovered via low-cost gravity separation techniques. Untapped mineral resource expansion potential remains. The Elizabeth Hill deposit remains open at depth and along strike. Recent consolidation of the WCE tenement land holding offers potential to discover more Elizabeth Hill style deposits near mine and regionally. World leading silver grades located on a mining lease with potential processing option at the nearby Radio Hill site. Through the consolidation of surrounding land packages into a single contiguous 180km2 package, significant exploration and growth potential has been created near mine and regionally. The land package holds a significant portion of the Munni Munni fault system, and other fault systems subparallel to the Munni Munni fault system, which are considered prospective for Elizabeth Hill silver deposit analogues. Ankündigung • Feb 25
West Coast Silver Limited Announces to Opens Elizabeth Hill Near Mine and Regional Silver Opportunities Alien Metals Limited announced that it has been amended by article 7 of the market ABUSE REGULATION (596/2014/EU) as the SAME has been amended by the market ABUSE (AMENDMENT) (EU EXIT). Drill hole 25WCAC026 intersected 4m @ 88g/t Ag from surface in weathered and chlorite-altered granite hosting quartz-carbonate veins (<1mm thick), and increasing silicification in the bottom of hole from 3.5-4m. The silver intersection is supported by 1m @ 1,635ppm Co from surface which is known to be associated with high-grade silver mineralisation at the Elizabth Hill Silver Mine. Silver intersections in drill holes 25WCAC025 and 25WCAC026 are 20m apart, demonstrating the continuity of the mineralisation corridor north of the Elizabeth Hill Silver Mine. Drill hole 25WCAC006 intersected 1m @ 26g/t Ag from1m (note the 0-1m sample was excluded due to possible surface contamination) in moderately chlorite altered granite. Silver intersections in drill holes25WCAC025 and 25WC AC026 Aircore Drill Holes 25WCAC017 to 25WCAC022 Very low-grade silver mineralisation above 5g/t Ag indicates slight silver enrichment distal to silver mineralisation. Aircore Drill H holes 25WCAC017 to 25 WCAC022 Aircore Drill Holes25WCAC017 to 25WC AC022 Aircore Drill H holes25WCAC017 to 25 WC AC022 Aircore DrillHoles 25WCAC017 to25WCAC022 Aircore Drill Toles 25WCAC007 to 25WCAC013 Mineralisation intersected in 25WCAC008 (0.5m @ 61g/t Ag from 8m), located 225m north of the Elizabeth Hill mine on the northern extension of the Munni Munni Fault, is important for demonstrating the potential to the north of the historical workings. Drill holes 25WCAC027 to 25WCAC029 did not contain significant intersections above 10g/t Ag. A mineralised intersection of 2m @ 39g/t Ag in 25WCAC071 is encouraging for the potential of the Elizabeth Hill South prospect, located 275m south of the Elizabeth Hill Silver Mine, where historical mineralisation such as 2m @ 1,550g/t Ag from 108m in AMEHRC012 and 1m @ 250g/t Ag from 118m in AG43. Drill holes 25WCAC037 to 25WCAC039, and 25WCAC072 contained less than 5g/t Ag. New Risk • Feb 09
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). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (273% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$78.7m market cap, or US$55.4m). Ankündigung • Feb 06
West Coast Silver Limited Announces Exceptional Diamond Drill Assay Results from its Phase 2 Diamond Drill Program At the Elizabeth Hill Silver Project Near Karratha, Pilbara Region of Western Australia West Coast Silver Limited announced that its joint venture partner, West Coast Silver Limited has announced that assay results from its Phase 2 diamond drill programme have been received from the Elizabeth Hill Silver Project near Karratha, Pilbara region of Western Australia. The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr. Thomas Reddicliffe, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr. Reddicliffe is a Technical Director of GreenTech Metals Ltd. Mr. Reddicliff has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and a Specialist under the 2015 Edition of the 'Australasians Code for Public Reporting of technical assessments and valuations of mineral assets'. 1 oz = 31.1035g; results rounded to nearest whole number; Results strengthen confidence in a laterally extensive, high-grade silver system and validate historical results. Assay results for 76 aircore drill holes for 1,060m completed in November 2025, are expected mid-February 2026, with follow-up drilling planned. This drill core shows 2mm to 4mm grains of native silver hosted within and adjacent to 5cm thick carbonate vein in an ultramafic host rock. West Coast Silver Limited advised assay results for diamond drill program (13 holes for 1,015.25m: 25WCDD013-025) have been received from the Phase 2 diamond drilling program at the Elizabeth Hill Joint Venture Project (WCE 70%, Alien Metals 30%) (Elizabeth Hill) near Karratha, Pil Barbara region of Western Australia. These logging observations supported by assay results include: 27.4m @ 1,314g/t Ag from 49m down hole. including 4.15m @ 3,677g/t Ag from 52.85m. included within 0.4m @ 16,291g/t Ag from 53.70m and 0.9m @ 5,290g/t Ag from 54.10m. including 0.28m @ 5,660g/t Ag from 66.15m. including 2.4m @ 7,288g/t Ag from 74.00m. included within 0.35m @ 33,107g/t Ag from 74.,6m and 0.25m @ 17,534g/t Ag from 74". Drill hole 25WCDD013, drilled as a twin to historical RC drill holes EC094 and EC095, intersected oxidised carbonate-quartz veins and secondary minerals consistent with historical observations. Assay results of 15m @ 41g/t Ag from 11m down hole and 6m @ 37g/t Ag from 32.00m down hole confirm the historical drilling results. No visible silver mineralisation was identified during the logging; however, assay results returned a silver intersection of 1.2m @ 62g/t Ag from 27.8m down hole, confirming the historical intersection in RC hole EC112. Ankündigung • Jan 09
West Coast Silver Limited Appoints Eugene Sharrock as Alternate Director, Effective January 9, 2026 West Coast Silver Limited appointed Mr. Eugene Sharrock as an alternate director for Mr. Thomas Reddicliffe effective January 9, 2026. Mr. Sharrock is a Finance Executive who has over twenty years’ experience in mining services, exploration and development. He has sector experience in resources including critical minerals and has worked both in Australia and New Zealand. Ankündigung • Jan 07
West Coast Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 3.2 million. West Coast Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 3.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,842,106
Price\Range: AUD 0.19
Transaction Features: Subsequent Direct Listing Ankündigung • Nov 14
West Coast Silver Limited Commences Aircore Programme At the Elizabeth Hill Silver Project in the Pilbara Region of Western Australia Alien Metals Limited reported that its joint venture partner, West Coast Silver Limited has announced that it has commenced a ~2,500m aircore programme at the Elizabeth Hill Silver Project ("Elizabeth Hill" or the "Project") in the Pilbara region of Western Australia. This is to define targets surrounding the historical mine and along the eastern Munni margin. The commencement of the aircore programme, building on the successful diamond drilling and recent near-mine results, highlights the potential scale of this historically high-grade silver system. The company look forward to the outcomes of this next phase of work and the opportunity to unlock further value from this significant asset for Alien shareholders. The information in this announcement that relates to Exploration Results is based on information reviewed by Mr. Max Nind who is a Member of the Australian Institute of Geoscientists. Mr. Nind is a consultant to Alien and a full-time employee of ERM Australia Consultants Pty Ltd. Mr. Nind has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration, and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and a Specialist under the VALMIN Code 2015 Edition of the 'Australasian Code for Public Reporting of Technical Assessments and Valuations of Mineral Assets'. Mr. Nind consents to the inclusion in the announcement of the matters based on this information and in the form and context in which it appears. Phase 2 diamond program at Elizabeth Hill completed (1,015 m), including intersections of visible native silver - assays pending. ~2,500m air core program commencing to test for extensions/repeats of the Elizabeth Hill silver system north and south of the historic mine and along the eastern Muni Munni margin. This aircore program will pinpoint the best positions for further RC and diamond drilling. Further evaluation of tenement wide data sets will continue as part of the Company's ongoing target generation initiatives: Complete AC drilling, process assays and update target ranking. Plan and permit RC/d diamond follow-up on AC anomalies and along priority structures. The survey specifications are provided below: Helicopter: PAS-HE Rotary Wing; Line spacing: 20 m, Line direction 090deg; Survey height: 20 m AGL following topography and according to operational safety conditions; Survey speed 15 m/s; Sampling rate: 10 Hz; Sensor: Scintrex CS-VL Cesium vapour magnetometer; Spatial referencing: uBlox GNSS receiver with sub metre accuracy; Elevation: laser altimeter with 100 m range, 1 cm resolution and 10 cm accuracy; Diurnal magnetometer: GME Systems GSM-F Overhauser Magnetometer. The magnetic survey generated to following datasets: TMI o TMI First (1VD) and Second (2VD) Vertical Derivatives; TMI Reduced to Pole (RTP) o TMI RTP 1VD + 2VD; TMI Analytical Signal; TMI Total Horizontal Gradient; Digital Terrain Model Drilling techniques; Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). No drilling is being reported. Location of data points; Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation; Underground mining at Elizabeth Hill was conducted in Mineral Resource estimation; Underground Mining at Elizabeth Hill was conducted in the field. Ankündigung • Oct 11
West Coast Silver Limited Announces Accelerated Phase 2 Drilling Campaign Commences at Elizabeth Hill West Coast Silver Limited advised that the second phase of diamond drilling will commence ahead of schedule, on 10 October 2025, at the high-grade Elizabeth Hill Silver Project in the Pilbara region of Western Australia. The program has a dual focus: (1) to confirm and define the shallow, very high-grade silver immediately adjacent to the historic workings; and (2) to test a potential for deeper continuation to the south where the mineralisation remains open at depth. Further evaluation of historical underground and surface drilling geology logs and geochemistry has reinforced the prospectivity of the down plunge target as a potential extension of the Elizabeth Hill Mine sequence. Underground diamond drill hole UGD084 intersected 2m @ 1,995g/t Ag within an interval of 6m @ 705g/t Ag. Drill logs at the time also describe native silver mineralisation within the 2m high grade interval, similar to that recorded in the Elizabeth Hill Deposit. Ankündigung • Oct 02
West Coast Silver Limited, Annual General Meeting, Nov 20, 2025 West Coast Silver Limited, Annual General Meeting, Nov 20, 2025. New Risk • Sep 20
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 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (237% increase in shares outstanding). Revenue is less than US$1m. 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 (16% average weekly change). Market cap is less than US$100m (AU$66.3m market cap, or US$43.8m). New Risk • Aug 01
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). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (231% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$39.7m market cap, or US$25.6m). Ankündigung • Jul 16
West Coast Silver Limited Announces Inaugural Diamond Drilling Program At Elizabeth Hill Silver Project Alien Metals Limited reported that its joint venture partner, West Coast Silver Limited (formerly Errawarra Resources Limited) has announced that its inaugural diamond drill program (12 holes for 1,183m) at the high-grade Elizabeth Hill Silver Project ("Elizabeth Hill" or the "Project") in the Pilbara region of Western Australia has been completed. It has delivered exceptional results, with shallow, high-grade silver assays returned from the first two drill holes. The Project, in which Alien retains a 30% free-carried interest through to a decision to mine, is operated by West Coast Silver. Assays from drill hole 25WCDD001, the first drill hole completed from the 2025 program has returned a significant high-grade silver (Ag) zone: 21 metres at 1,047g/t Ag from 10 metres including: SS 8 metres at 2,632 g/t Ag from 22 metres including: 1 metre at 15,071 g/t Ag from 27 metres. Gold (Au) reported in laboratory assays with peak assay from drill holes 25WCDD002 returning: o 1 metre at 2.03g/t Au from 4 metres. To date, only assay results for holes 25WCDD001 & 25WCDD002, have been received from the laboratory. The additional eight drill holes have been dispatched to the laboratory for assay with results expected progressively over a 6-8 week period. The inaugural diamond drill program at Elizabeth Hill which comprised of 12 drill holes for 1,183m has been completed and has delivered exceptional results, with deep, high-grade silver assay returned from the first two drill hole, 25WCDD001 and 25WCDD002. Slight variations in the grade between the two drill holes may reflect a nuggety nature of silver mineralisation. As reported in historical Western Australian Mineral Exploration (WAMEX) reports and compiled in an Alien Metals data base. Inaugural Diamond Drilling Update 12 diamond drill holes have been completed at site and the drill rig has been demobilised. Mr. Mosig has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', and a Specialist under the 2015 Edition of the 'Australasians Code for Public Reporting of technical assessments and valuations of mineral assets'. Ankündigung • May 23
West Coast Silver Limited Commences Mobilisation for Its Maiden Diamond Drilling Campaign At the Elizabeth Hill Silver Project Alien Metals Ltd. announced that its joint venture partner, West Coast Silver Limited has commenced mobilisation for its maiden diamond drilling campaign at the Elizabeth Hill Silver Project ("Elizabeth Hill" or the "Project"), located in the Pilbara region of Western Australia. The West Coast Silver technical team has also been finalising preparations, both on-site and at the Company's core logging and processing facility in Karratha, to ensure an efficient and well-supported start to the programme. The upcoming drilling campaign will test both extensional and down-plunge targets associated with the known high-grade silver mineralisation at Elizabeth Hill. In addition to targeting potential mineralised extensions, the programme aims to enhance geological understanding of the structural framework that hosts the Elizabeth Hill mineralised envelope. To support real-time decision-making and optimise drill targeting, portable X-Ray Fluorescence (pXRF) technology will be utilised on site to deliver rapid elemental analysis during the course of the programme. New Risk • May 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 167% 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 Share price has been highly volatile over the past 3 months (40% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (167% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$12.0m market cap, or US$7.74m). Board Change • May 22
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 Director Rob Mosig was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 23
Alien Metals Limited and Errawarra Resources Ltd Provide an Update on Elizabeth Hill Silver Project in the Pilbara Region of Western Australia Alien Metals Limited provided an update on its Elizabeth Hill Silver Project ("Elizabeth Hill" or the "Project"), in the Pilbara region of Western Australia, where its joint venture partner, Errawarra Resources Ltd, has made significant progress in the preparation for a maiden drill programme. Following the Company's announcement of 24 March 2025, regarding the conditional joint venture agreement with Errawarra, activities on-site have accelerated in recent weeks, with drilling expected to commence within six weeks. This will follow Errawarra seeking shareholder approval for the transaction at a meeting to be held on 19 May 2025. High-priority drill targets are being finalised with Errawarra's geological team and consultants. Contractual discussions are ongoing with drilling contractors - contract award imminent. Drilling campaign expected to commence in approximately 4 - 6 weeks. Soil sampling and mapping works on both near mine and distal targets are ongoing at site with initial samples sent to the laboratory for assay. Site visit by Er rawarra's geological team is planned in the coming weeks to finalise and ground truth drill targets along with soil sampling supervision. Work on the maiden JORC 2012 resource conversion continues. Finalisation of High-Priority Drill Targets Errawarra is in the advanced stages of finalising high-priority drill targets surrounding the historic Elizabeth Hill silver deposit. The upcoming drill programme is designed to confirm potential down-plunge extensions of known mineralisation and to provide further geological context to the Elizabeth Hill mineral system. The targets have been defined through detailed review of historical data and updated geological interpretation. Discussions with several drilling contractors are well progressed, with a contract award anticipated shortly. Drilling is expected to commence approximately four weeks thereafter. Near mine drill targeting focussed on geological understanding and down plunge potential Soil Sampling and Geological Mapping A systematic soil sampling programme, targeting both near-mine and regional anomalies, is currently underway and progressing to schedule. Sampling are being dispatched to the laboratory on a rolling basis, with assay results expected within five to six weeks. The field component of this programme is expected to be completed within the next three to four weeks. Complementary to the sampling work, geological and structural mapping across the broader Elizabeth Hill land package (180km2) has commenced. This mapping effort will support refinement of the geological model and improve understanding of structural controls on mineralisation. Site Visit by ERM, is planning a site visit shortly after the Easter period to validate priority drill targets and oversee ongoing fieldwork. The involvement of ERM is aimed at ensuring the quality and robustness of the drill planning and execution. JORC 2012 Resource Conversion Errawarra is also continuing work on the conversion of the historical Elizabeth Hill resource to comply with the JORC 2012 Code. This process involves validating legacy data, integrating the current geological model, and preparing for classification of the resource in line with modern standards. New Risk • Apr 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% 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 Share price has been highly volatile over the past 3 months (41% average weekly change). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$4.77m market cap, or US$2.88m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Ankündigung • Apr 02
Errawarra Resources Ltd Announces High-Grade Elizabeth Hill Silver Project Errawarra Resources Ltd. announced that fieldworks have commenced at its Elizabeth Hill Project in the Pilbara, Western Australia. Following on from its announcement on 24 March 20251 where the Company advised that it has entered 2 binding agreements pursuant to which the Company has agreed to acquire a 70% interest in the Elizabeth Hill Mining Lease ("Project" or "Elizabeth Hill"), and 70% of all the silver rights across the remainder of the 180 square kilometre area including EL's, and ML's subject to the remaining conditions precedent being completed. Errawarra has swiftly mobilised its geological team to site to conduct key exploration activities which will feed into drill targeting and refinement for a planned inaugural drill campaign which is scheduled to commence in 6 to 8 weeks' time. Fieldwork Summary. Errawarra's geologists have mobilised to site where the focus will be on identifying high priority silver targets for potential drill testing associated with both the historic mine and regionally. These high priority targets will be defined using the following methods. Historical Core Material Review. Relogging of historical drill holes has commenced along with pXRF analysis of the drill core. The historical core which is available to the Company's geologists is being selectively sampled with initial samples already sent to ALS Global Laboratory in Perth for geochemical/mineralogical analyses. Alteration. This information will be utilised to identify potential repeat Elizabeth Hill mineralised occurrences. Desktop modelling and assessment works. In conjunction with exploration fieldworks desktop modelling will continue to assess the following areas associated with the historical Elizabeth Hill deposit including; (a) Modelling of the historic drill and mining data for the Elizabeth Hill deposit to identify untested potential extensions to the mineralisation both down dip and along strike, and (b) Modelling of the historic data to identify potential for an open-pit resource. The Elizabeth Hill Project. Elizabeth Hill is one of Australia's high-grade silver projects and has a proven production history outlined below: High grades enabled low processing tonnes: 1.2Moz of silver was produced from just 16,830t of ore at a head grade of 2,194g/t (77.4 oz/t Ag)2. Previous mining operation ceased in 2000: because of low silver prices (USD 5). 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. 2 non-independent directors. Independent Non-Executive Director Eugene Sharrock was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 05
Errawarra Resources Ltd Announces Transition of Bruce Garlick from Non-Executive Director to Executive Director Errawarra Resources Ltd. announced that Mr. Bruce Garlick has transitioned from a Non-Executive Director to an Executive Director with immediate effect. Mr. Garlick has been a valued member of the Board since his appointment and brings extensive experience in mining, exploration, and engineering, having an extensive knowledge of the Pilbara as a Director of Fox Resources Ltd. which previously held significant exploration tenements in the Pilbara. Mr. Garlick, BCom, LLB, CPA, has worked both in Australia and Internationally on large open pit, and underground mining operations including base metals, and gold. In his new capacity as an Executive Director, he will assume a more active leadership role within the Company. Ankündigung • Jan 10
Errawarra Resources Ltd Announces Board Changes Errawarra Resources Ltd. announced the appointment of Mr. Eugene Sharrock as an independent Non-Executive Director with immediate effect. Mr. Sharrock is a Finance Executive who has over twenty years' experience in, mining services, exploration and development. He has sector experience in resources including critical minerals and has worked both in Australia and New Zealand. Mr. Sharrock currently serves as the Chief Financial Officer (CFO) of a mining services firm. The Board also takes the opportunity to advise of the resignation of Mr. Ventouras from the Board on 10 January 2025. The Board thanks Mr. Ventouras for his dedication and invaluable contribution to the Company since his appointment and wishes him every success in his future endeavors. New Risk • Nov 21
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 17% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.0m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$7.00m market cap, or US$4.56m). Ankündigung • Oct 18
Errawarra Resources Ltd, Annual General Meeting, Nov 26, 2024 Errawarra Resources Ltd, Annual General Meeting, Nov 26, 2024. Location: level 2, 10 ord street, west perth, western australia, Australia New Risk • Sep 13
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$3.0m 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$3.0m free cash flow). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (AU$92k revenue, or US$62k). Market cap is less than US$10m (AU$6.62m market cap, or US$4.45m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Ankündigung • Aug 27
Errawarra Resources Ltd Identifies 6Km2 Li2o Soil Footprint at Pinderi Hills Alien Metals Ltd. provided an update covering recent activities and exploration works completed and assessed by Errawarra Resources Ltd. at its 100% owned Pinderi Hills silver and precious metals project in Western Australia. As announced on 29 April 2024, Errawarra entered into a joint venture agreement with Alien in respect of the lithium rights of the Project. Recent results provided by Errawarra concerning exploration for lithium at the Pinderi Hills Project have confirmed that the Munni Munni Mafic Complex is highly prospective for PGE's, nickel and copper. As part of the terms of the JV, Errawarra has a first right of refusal to acquire all the remaining mineral rights to the Pinderi Hills nickel, copper, and platinum group metals projects.Munni Munni Anomaly: The results of reconnaissance samples comprising soil (926 samples), stream sediment (190 samples) and rock chip (37 samples) undertaken on the Pinderi Hills JV tenements have been received and assessed. The stream samples covered the entire tenement package while the soil samples were restricted to the area covered by tenements M47/123, 124, 125 and 126 and a portion of E47/3322. Rock chip samples were taken when a pegmatite was identified while undertaking the soil and stream sediment sampling programmes. The soil samples which were taken on a 400m x 100m north-south orientated grid have highlighted several closely related linear anomalous Li2O trends within a 6km2 footprint. These trends are highly suggestive of lithium bearing pegmatites due to the linear and swarm characteristics of the anomalies. Although preliminary limited on ground investigations have not identified a cause for the anomalous sample results, a pegmatite rock chip sample located within the anomalous zone has reported 73 ppm Li2O. The stream sediment samples associated with the lithium soil anomalism in this area have also reported anomalous Li2O values which complements the soil results and further highlights the prospectivity of this area within the project tenements. Maitland Lithium Anomaly: Three spatially related stream sediment samples located on the margin of the Maitland Mafic Intrusion and 10km northeast of the Munni Munni lithium anomaly have also reported Li2O greater than 50ppm Li2O. This result is anomalous for the streams in this region and follow-up of this anomalous area by further stream sediment or soil samples is to be undertaken. Anomalous Rock Chip Sample: A sample from possible pegmatite located 6km due east of the Munni Munni lithium anomaly has reported 288ppm Li2O along with associated elevated Cs, Ta and Nb which is characteristic of a LCT pegmatite. Follow-up of this anomalous rock chip sample will be a priority. Next steps: The first pass sampling program which covered the entire tenement package of 175 km2 has provided encouraging results and confirmed the lithium fertility of the JV tenements. Follow-up work programs will initially focus on resolving the larger Munni Munni lithium soil trends as well as following-up the Maitland anomalous lithium stream anomaly and the isolated anomalous lithium pegmatite sample that reported 288 ppm Li2O and associated pathfinder elements. Board Change • Dec 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. 2 non-independent directors. Non-Independent Non-Executive Director Bruce Garlick was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
High number of new directors Non-Independent Non-Executive Director Bruce Garlick was the last director to join the board, commencing their role in 2023. New Risk • Oct 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% 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$2.0m free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$12.9m market cap, or US$8.24m). Ankündigung • Oct 24
Errawarra Resources Ltd Announces Board Changes Errawarra Resources Ltd. advised that Mr. Jonathan Battershill resigned as a non-executive Director effective immediately. The Company announced that Mr. Bruce Garlick has been appointed as non-independent non- executive Director to the Board pursuant to clause 15.4 of the Company's constitution and Listing Rule 14.4 which requires Mr. Garlick to not hold office, without re-election, past the next annual general meeting (being held on 14 October 2023). Mr. Bruce Garlick is a Finance Executive who has over thirty years' experience in mining, exploration, and engineering. Mr. Garlick has an extensive knowledge of the Pilbara and is a current Director of Fox Resources Ltd. Fox Resources Ltd. previously held significant exploration tenements in the Pilbara. Mr. Garlick has worked both in Australia and Internationally on large open pit, and underground mining operations including base metals, and gold. The appointment of Mr. Garlick occurred after the Company's notice of annual general meeting was completed and dispatch to shareholders. Accordingly, Mr. Garlick's offer for election was not able to be dealt with in the original notice of annual general meeting dated 19 September 2023. Section 250R(1) of the Corporations Act 2001 (Cth) provides that the business of an annual general meeting may include the election of directors even if not referred to in the notice of annual general meeting. Therefore, an additional resolution relating to the election of Mr. Garlick will be put to Errawarra's shareholders at the annual general meeting as an item of general business and the resolution relating to the re-election of Mr. Battershill will be withdrawn. Furthermore, Mr. Ventouras is acting in a capacity of an Executive Director. New Risk • Sep 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$12.9m market cap, or US$8.27m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Ankündigung • Sep 11
Errawarra Resources Ltd, Annual General Meeting, Oct 24, 2023 Errawarra Resources Ltd, Annual General Meeting, Oct 24, 2023, at 10:00 W. Australia Standard Time. Location: Ground Floor,Emerald House 1202 Hay Street West Perth Western Australia Australia New Risk • Sep 08
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$2.0m 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$2.0m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m (AU$17k revenue, or US$11k). Market cap is less than US$10m (AU$12.1m market cap, or US$7.74m). New Risk • Sep 07
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 (34% average weekly change). Earnings have declined by 45% per year over the past 5 years. Revenue is less than US$1m (AU$7.9k revenue, or US$5.0k). Market cap is less than US$10m (AU$9.98m market cap, or US$6.36m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Jun 14
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 19% 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 (19% average weekly change). Earnings have declined by 45% per year over the past 5 years. Revenue is less than US$1m (AU$7.9k revenue, or US$5.3k). Market cap is less than US$10m (AU$7.26m market cap, or US$4.91m). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Ankündigung • Jan 24
Errawarra Resources Ltd Announces Andover West Nickel Drilling Set to Commence Errawarra Resources Ltd. provided this update to shareholders on its Andover West project. The final heritage survey report has now been received and the track to the planned drill hole locations and associated drill pads are now being cleared. The drilling contractor has been notified and drilling is expected to commence shortly. Priority drill hole targets have been identified and modelled from the fixed loop electromagnetic (FLEM)survey completed in late 2022. The Company's technical consultants, who have been involved in multiple major Nickel Discoveries in Western Australia, have provided recommendations for the locations of the drill collars for the initial testing of these priority targets. As mentioned in the announcement 9 December 20221, the Company has three priority targets which will be the subject of the Andover West maiden drilling campaign. These holes have been designed to intercept the modelled conductor plates at target areas A, B and C. These conductor plates are considered to potentially represent nickel sulphide mineralisation. Target area A which comprises three spatially related conductor plates will be the first target to be tested, with the initial hole designed to provide information on all three of these closely related plates. Once these three priority drill holes have been completed, the Company intends to undertake down hole electromagnetic surveys (DHEM) aimed at potentially identifying the most prospective zones within each target based on conductivity. Any new targets identified will be tested in a follow-up drill program. The Andover West project and priority target location is along strike and part of a mineralised trend that runs through Azure Minerals' Andover project and into Errawarra's Andover West project. These priority drill hole locations are only ~1.6km from Azure's Ridgeline prospect where they recently announced a highest intercept at that location of 18.2m @ 1.93% Ni, including 9.3m @ 2.58% Ni2. This maiden drilling program has been the culmination of many months of work by your Company and despite some unavoidable delays, it is pleasing that this moment in time has eventuated. Ankündigung • Dec 11
Errawarra Resources Ltd Provides Update to on Its Andover West Activities Errawarra Resources Ltd. provided this update to shareholders on its Andover West activities. The Company advises that its technical consultants have now reviewed and interpreted the data from the recent FLEM (fixed loop electromagnetic survey) survey completed at the Andover West project that is targeting nickel sulphide targets associated with the highly prospective Andover mafic intrusion. The surveys were completed over priority targets interpreted from an historic airborne VTEM (variable time- domain electromagnetic) survey. The FLEM data confirmed and provided better definition of the previously identified targets located in the central and northern portion of the program area. A total 5 conductor plates have been identified with the 3 most promising located in Area A to be the initial focus for the drill program. Area A is a group of three discrete modelled conductor plates that are relatively shallow and is the priority area for the drilling program with a target drill depth of approximately 75-100m. Area B has a single large conductor plate with a proposed drilling depth of around 125-150m and Area C also has a single conductor and with a proposed drilling depth of up to 200m. The drill program not only aims to identify the nature and cause of these conductor plates but the drill holes will be prepared to allow the undertaking of DHEM (down hole electromagnetic) surveys. The purpose of these surveys is to potentially identify massive sulphide targets should nickel sulphide mineralisation be found to be associated with the conductor plates. As a further update, the access track and drill pad heritage survey has been completed and the Company is now awaiting the final report from the Ngarluma Aboriginal Corporation. Once this has been received, both tracks and pads will be prepared to allow drilling of the targets to get underway. Ankündigung • Dec 09
Errawarra Resources Ltd Announces Board Changes Errawarra Resources Ltd. announced the appointment of Mr. Thomas Reddicliffe as Executive Chairman and Mr. George Ventouras as Non-Executive Director effective 8 December 2022. Mr. Reddicliffe was previously employed by Ashton Mining Ltd. as Australian Exploration Manager, Striker Resources Ltd. as Technical Director, North Australian Diamonds Ltd. as CEO and TopEnd Uranium Ltd. as CEO. Mr. Reddicliffe is currently the Executive Director of Sorrento Resources Pty Ltd. Sorrento Resources Pty Ltd. is the Company's shareholder and co-owner of both the Fraser Range Nickel-Copper Project and Andover West Project. Mr. Reddicliffe has more than 40 years of experience in Australian focused exploration, evaluation, trial mining, feasibility studies and company management. Mr. Ventouras has more than 30 years of business, marketing and corporate experience, including restructuring and recapitalising publicly listed entities and coordinating IPO's. He has also developed and promoted ASX listed companies and has served on the board of various public and private companies in executive and non-executive roles. His sector experience includes resources, agriculture, aquaculture, luxury goods and manufacturing. The Company notes that Mr. Jonathan Murray has resigned as a director effective today. The Board extends its sincere appreciation to Mr. Murray for his contribution and support of the Company since listing. Mr. Murray assisted with the Company's Andover West Nickel project acquisition which was completed earlier this year. These changes strengthen the governance structure, composition and skills matrix of the Errawarra Board. Ankündigung • Nov 28
Errawarra Resources Ltd Provides Update on Andover West Activities Errawarra Resources Ltd. provided update on Andover West activities. The company advises that the Fixed Loop electromagnetic (FLEM) survey scheduled to take place at the Andover West prospect has now been completed and interpretation of the survey data is being undertaken by the Company's technical consultants. The ground surveys were completed over the three priority targets interpreted from an historic airborne VTEM (variable time- domain electromagnetic) survey. The FLEM data will allow better geospatial modelling of these VTEM anomalies and enable the planning of drill holes to test the targets. A track and drill pad heritage survey is scheduled to commence on 29 November which when completed, will clear the way for the finalisation of plans to undertake a diamond core drill program. The drilling program which will initially comprise 3 holes and up to 750m will be subject to DHEM surveys on completion which may potentially result in the undertaking of additional drill holes. Recent results from Azure Minerals Ltd.'s drilling at its Ridgeline prospect included a higher grade to date of 18.2m @ 1.93% Ni, 0.65% Cu & 0.08% Co from 508.2m. The Company is encouraged by this given its proximity to the Andover West priority drill targets which are situated ~1.8km from Azure's discovery. Ankündigung • Nov 17
Errawarra Resources Ltd Provides Update on Its Exploration Activities At the Company's Andover West Nickel Project in Western Australia Errawarra Resources Ltd. provided this update on its exploration activities at the Company's Andover West nickel project in Western Australia's Pilbara region to shareholders. The Company is working with the Ngarluma Aboriginal Corporation to complete follow-up heritage clearance surveying focussed on planned drill pads and associated access tracks. These pre-drilling surveys are anticipated to be completed by the end of November. Subject to completion of the heritage surveys, diamond core drilling is anticipated to commence on the first of three priority EM conductor anomalies in early December. On the completion of each drill hole targeting modelled EM conductor plates, DHEM (downhole electromagnetic) surveys will be conducted.The prupose of these surveys is to potentially identify conductive massive sulphide accumulations which can be targeted in follow-up drill holes. Andover West covers an area of 110km2 in a favourable geological setting for nickel, close to Azure Minerals' Andover Project, which hosts a Mineral Resource of 4.6Mt @1.11% Ni, 0.47% Cu and 0.05% Co. This initial focus has included the inspection and sampling of a Geological Society of Western Australia (GSWA) mapped occurrence of "metamorphosed pegmatite" which comprises intermittent lenticular dyke occurrences up to several metres in width. Characteristic pegmatite textures have been observed associated with some of these dyke occurrences. Several of these southwest striking bodies were sampled and the samples have been dispatched to Australian Laboratory Services laboratory in Perth for analysis. Results will be reported when they come to hand. Board Change • Nov 16
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Executive Director Tom Reddicliffe is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Ankündigung • Oct 13
Errawarra Resources Ltd Provides Andover West Nickel and Errabiddy Project Updates Errawarra Resources Ltd. provided its shareholders with an update in respect of its activities. ANDOVER WEST NICKEL: As recently announced on 20 September 2022, Errawarra has commenced work on the Andover West project, 30kms south-east from Karratha. Mapping and reconnaissance work has begun, and heritage clearance undertaken by Ngarluma Aboriginal Corporation is almost complete. Following receipt of heritage clearance, ground disturbing activities including drilling will get underway. In the interim ground FLEM (fixed loop electromagnetic) survey work over the priority target areas is planned to take place in the coming weeks. Andover West covers an area of 110km2 in a favourable geological setting for nickel, close to Azure Minerals' Andover Project, which hosts a Mineral Resource of 4.6Mt @1.11% Ni, 0.47% Cu and 0.05% Co2. REE POTENTIAL ERRABIDDY: The Company is also pleased to report on its Errabiddy Project. The Errabiddy Project is located in the Gascoyne Region of Western Australia approximately 190km northwest of Meekatharra and 360km east of Carnarvon and within the Shires of Upper Gascoyne and Murchison. Errawarra's tenement package includes rock types prospective for intrusion hosted nickel-copper mineralisation and orogenic gold and is in a region that is experiencing considerable exploration activity from companies including Chalice Mines Ltd. The project is located within the Errabiddy Shear Zone and only 25kms from Desert Metals Ltd. Innouendy prospect. DM1 recently announced Total Rare Earth Oxide (TREO) results from its current drill program including the following intercepts; 21m @ 1,176ppm from 4m (incl 12m @ 1,490ppm). 8m @ 2,734ppm from 24m (incl 3m @ 4,104ppm). 17m @ 1,347ppm from 28m (incl 8m @ 2,085ppm, incl 4m @ 2,791ppm). 8m @ 1,429ppm from 20m (incl 4m @ 2,040ppm). These Rare Earth Element (REE) occurrences have been reported by Desert Metals to be associated with near surface clays. Errawarra is currently assessing the potential for this style of REE mineralisation to also occur within its Errabiddy tenement package. Ankündigung • Oct 12
Errawarra Resources Ltd, Annual General Meeting, Nov 29, 2022 Errawarra Resources Ltd, Annual General Meeting, Nov 29, 2022, at 10:00 W. Australia Standard Time. Location: Karda Room, Ground Floor, 197 St Georges Tce, Perth WA 6000 Perth WA 6000 Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2022 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider adoption of remuneration report; to consider election of directors; to consider ratification of prior issue of options to Mr. Jonathan Battershill; to consider adoption of employee incentive securities plan; and to consider other matters if any. Ankündigung • Sep 20
Errawarra Resources Announces Nickel Exploration Commences At Andover West Errawarra Resources Ltd. advised that exploration activities are now underway at the Company's Andover West nickel project in the West Pilbara region of Western Australia following the grant of tenement E47/4352 earlier this month. Errawarra has begun mapping and reconnaissance work at Andover West with a heritage survey coordinated by the Ngarluma Aboriginal Corporation to be conducted over the area hosting the priority electromagnetic (EM) target on 23 September 2022. A fixed loop electromagnetic (FLEM) survey is also scheduled to take place over the target area before the end of the month. This survey will be carried out by a Southern Geoscience field team over 1 - 2 days using a more advanced FLEM system than was originally used to define several EM anomalies including the priority target in 2006. Andover West covers an area of 100km2 in a favourable geological setting for nickel, close to Azure Minerals' Andover Project, which hosts a Mineral Resource of 4.6Mt @1.11% Ni, 0.47% Cu and 0.05% Co1. Completion of the heritage survey should provide clearance for Errawarra to commence ground disturbing activities including drilling on the Project. The Company has engaged a drilling contractor and anticipates that the initial program comprising core drilling of up to two holes followed by downhole EM surveying will start in October, subject to the usual regulatory approvals. Downhole EM surveying is considered a superior targeting tool compared to surface EM surveying in massive sulphide exploration as it can provide a more accurate vector to massive sulphide targets. Follow-up exploration activities will be planned as warranted by assay and downhole survey results. Ankündigung • Sep 07
Errawarra Resources Limited Announces Grant of Andover West Tenement Errawarra Resources Limited announced that it has received notification that E47/4352, the key tenement which comprises the Company's Andover West Project in Western Australia's West Pilbara region, has been granted for a period of five years from 1 September 2022 (the "Tenement"). The Company advised that it will convert 15,000,000 Performance Rights Class A into fully paid ordinary shares on the satisfaction of the milestone, being the grant of the Tenement. Andover West Project: The Andover West Project covers an area of 100km2 located in a very favorable geological setting for nickel in the West Pilbara, close to Azure Minerals' advanced Andover nickel exploration project which hosts a Mineral Resource of 4.6Mt @ 1.11% Ni, 0.47% Cu and 0.05% Co. The grant of the Tenement is an important milestone for Errawarra, as it largely clears the way for more substantive on-ground exploration activities. To kick-start ground-based exploration activities at Andover West, Errawarra in cooperation with Ngarluma Aboriginal Corporation has scheduled a heritage clearance survey to be undertaken this month over areas including the priority nickel target. Subject to the outcome of this survey, the way will be cleared for activities including geophysical surveys and drilling to get underway. Issue of Options: The Company is also proposing to issue, subject to shareholder approval at the Company's upcoming Annual General Meeting, 1,500,000 options exercisable at $0.25 each on or before 25 September 2025 to the Directors as follows: (a) 500,000 options to Mr. Jonathan Murray (or his nominee); (b) 500,000 options to Mr. Thomas Reddicliffe (or his nominee); and (c) 500,000 options to Mr. Jonathan Battershill (or his nominee), (together, the Options). It is anticipated that the Options will be issued under a new employee incentive option plan which the Company will also be seeking shareholder approval to adopt at the upcoming Annual General Meeting. Ankündigung • Jul 02
Errawarra Res to Be Deleted from Other OTC Errawarra Res Ltd. Ordinary Shares (Australia) will be deleted from Other OTC effective July 05, 2022. The deletion is due to Inactive Security. Ankündigung • Jun 29
Errawarra Resources Ltd Announces Director Changes Errawarra Resources Ltd. announced appointment of Mr. Jo Battershill as a Non-Executive Director with effect from 1 July 2022. Mr. Jo Battershill has over 25 years in global mining, business development and finance-based roles across Australia, the UK, North America and the Caribbean. His industry experience includes senior operational and business development roles with WMC Resources as well as significant stockbroking and banking experience at Hartleys, Citigroup, UBS and Canaccord in Perth, Sydney, and London. Mr. Battershill currently serves as the Chief Executive of AIM listed Anglesey Mining plc, Non-Executive Director of ASX listed Silver Mines Limited and as Non-Executive Director of AIM listed Alien Metals Limited. The Board looks forward to Mr. Battershill's contribution as a Non-Executive Director. The Board also takes the opportunity to acknowledge the decision by Ms. Purich to retire from the Board effective as at 31 July 2022. Ankündigung • May 03
Errawarra Resources Ltd (ASX:ERW) completed the acquisition of 80% interest in AndoverWest Project from Thomas Reddicliffe, director of Errawarra Resources Ltd. Errawarra Resources Ltd (ASX:ERW) entered into a binding agreement to acquire an 80% interest in AndoverWest Project from Thomas Reddicliffe, director of Errawarra Resources Ltd for AUD 6.5 million on November 23, 2021. The consideration includes payment of a non-refundable deposit of AUD 0.01 million in cash to 15 million shares of Errawarra at a deemed issue price of AUD 0.20 per share, 7.5 million options exercisable at AUD 0.30 each on or before the date that is 3 years from the date of issue; and 5 million shares of Errawarra at a deemed issue price of AUD 0.20 each upon the announcement of a JORC compliant Inferred Mineral Resources of at least 1,000,000 tonnes of nickel at 1%. On completion of the Acquisition, Errawarra will issue the Vendor (or his nominees) 15 million Class A Performance Rights, which convert into fully paid ordinary shares in the Company on the granting of E47/4352; and issue the Vendor (or his nominees) 5 million Class B Performance Rights, which convert into fully paid ordinary shares in the Company on the announcement of a JORC inferred mineral resource of at least 1 million tonnes nickel at 1% (including nickel equivalent metals) using industry standard cut-offs. The transaction will be financed from the recently announced placement of AUD 1.232 million. The transaction is subject to shareholder approval of Errawarra Resources Ltd which is expected to take place at a general meeting to be held around mid-February 2022. The transaction is expected to complete on April 26, 2022.
Errawarra Resources Ltd (ASX:ERW) completed the acquisition of 80% interest in AndoverWest Project from Thomas Reddicliffe, director of Errawarra Resources Ltd on May 2, 2022. Board Change • Apr 27
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Greta Purich is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Executive Departure • Jul 13
Independent Non-Executive Director Markus Bachmann has left the company On the 30th of June, Markus Bachmann's tenure as Independent Non-Executive Director ended after 9.4 years in the role. As of March 2021, Markus still personally held only 73.44k shares (AU$18k worth at the time). A total of 2 executives have left over the last 12 months. Ankündigung • Jul 03
Errawarra Resources Ltd Provides an Exploration Update on Its Binti Binti Gold Project Located 75 Kilometres North-Northeast of Kalgoorlie, Western Australia Errawarra Resources Ltd. provided an exploration update on its Binti Binti Gold Project located 75 kilometres north-northeast of Kalgoorlie, Western Australia. Assay results have been received from the aircore program conducted at the Binti Binti Project during March and April 2021. The drilling program successfully tested several areas of interest for gold mineralization. High Grade Results: Gold grades of more than 5 g/t Au reported in two holes. These holes were drilled in an area interpreted to be highly prospective due to its location beneath a shallow prospector's pit, where previous
grab sampling had returned significant gold results (227.2 and 1.2 g/t Au in two separate samples). The drill intersections were: EBBAC219: 8 m @ 2.76 g/t Au from 26m, including 4 m @ 5.09 g/t Au; EBBAC218: 1 m @ 6.61 g/t Au from 15m. EBBAC219 returned a peak assay of 8.4 g/t Au over one metre from 29 m. EBBAC218 also returned 0.13 g/t Au from 12 m down hole. The high-grade results were encountered in what appear to be steeply dipping quartz veins, indicating that the gold intersected relates to a bedrock gold system (rather than a surface upgrading) and may persist at
depth. The results to date highlight a zone of gold mineralization which is open at depth and along strike. A further drill hole, EBBAC220, drilled along strike to the east from EBBAC219, intersected a number of intervals of low-grade mineralization including 1 m @ 0.39 g/t Au from 15 m down hole.
Interpretation of the structure from geological mapping in this area suggests that any shoots of gold mineralization are likely to plunge very steeply. This is consistent with the orientation of the high-grade mineralization interpreted from intersections in drill holes EBBAC218 and EBBAC219. The significance of these results is being assessed in the context of local structural controls and other drill results. Further Results from the Aircore Drilling Program: In addition to the high-grade intersections described above, a further thirteen holes contained low-grade yet significant gold mineralization of >0.1 g/t Au. These intersections are broadly spread across the project area along interpreted mineralized trends. A number of these intersections
occurred at end of hole (holes terminated due to intersection of hard bedrock) suggesting that deeper drilling in these locations may yield further gold-bearing intersections. A further 36 aircore drill holes returned anomalous gold results of greater than 20 ppb Au. These intersections, while not of economic grades, have revealed (and confirmed) the location and orientation of fertile structures that may potentially host significant gold mineralization somewhere along their length. This will provide focus for future exploration targeting along with a number of other locations
where low-grade gold mineralization was detected. The aircore program was designed to test targets potentially related to gold mineralization within tenement E27/5771. To facilitate the planning of the aircore program, field reconnaissance and geochemical sampling were carried out during March 2021. A total 55 samples were taken, consisting of rock chips and grab samples (of previously disturbed materials). The purpose of the sampling was to assist in the identification of rock types and to determine which rocks hosted gold mineralization. Of the 55 samples, 15 returned gold assays in excess of 0.1 g/t Au which were all were taken from locations of previous mining and/or prospector activity; there were also numerous samples taken from such locations that returned <0.1 g/t Au. The peak sample assayed 227.2 g/t Au, with a second adjacent sample returning 1.2 g/t Au - highlighting that the gold in this area is nuggety in nature. The aircore program consisted of 162 holes for a total of 4,760 m. It was planned to broadly test the area,
with numerous target areas selected for reconnaissance /first pass drill testing. The total program metres fell short of the planned 10,000 m due to slower than expected penetration rates and the drill contractor departing prior to the conclusion of the program (as the drill rig was committed elsewhere). Drill line and drill hole spacing were variable across the project area dependent on the local geology. Drill holes were sampled in their entirety in either composites of up to 4 m in length, or as individual 1 m samples at the discretion of the geologist. The results of the aircore drilling added considerably to the geological knowledge of the area, particularly the areas under soil cover. The majority of gold mineralized samples contain quartz veining, suggesting that the mineralization is related to bedrock rather than surficial processes. Of the 162 drill holes, two contained high-grade intersections of >5.0 g/t Au, a further 13 contained intersections of at least 0.1 g/t Au, and a further 36 drill holes contained anomalous results of >20 ppb Au. Ankündigung • Jun 16
Errawarra Resources Ltd. Announces Fraser Range Nickel Project Update Errawarra Resources Ltd. provided an update on exploration activities at its Fraser Range Project located 30km south-west of the operating Nova nickel-copper-cobalt mine in the Fraser Range region of Western Australia. Errawarra's Fraser Range Project is considered prospective for Nova-style nickel-copper-cobalt magmatic sulphide mineralisation. Exploration is being planned and managed by Newexco Exploration; a team of geoscientists credited with playing important roles in the discovery of several nickel deposits including Nova. The Fraser Range Project is at an early stage of exploration and priority areas identified for testing are based on gravity anomalies, magnetic anomalies, geochemical anomalies, and favourable geological units for hosting sulphide mineralisation. Surface EM surveying over four priority areas have been planned with the aim of identifying conductors that may be related to nickel-copper-cobalt sulphide mineralisation. Errawarra has surveyed three of these priority areas back-to-back since its IPO in December 2020. The first, second and third phases of EM surveys comprised Moving Loop Electromagnetic (MLEM- Slingram) surveys carried out by Vortex Geophysics. The configuration for these surveys was designed to emulate the survey parameters that detected the initial MLEM anomaly observed over the Nova-Bollinger deposit in 2012 (several hundred metres strike length). No strong bedrock conductors consistent with a massive sulphide (Nova-style) source have been identified to date. The fourth phase of surveying (comprising moving loop and fixed loop surveys) has commenced, and interpretation of the survey data is expected to be completed in August 2021. The next update will be provided to Shareholders at that time, or earlier should a bedrock conductor be identified during the survey. Ankündigung • May 21
Errawarra Resources Ltd Commences an Airborne Geophysical Survey At Its Errabiddy Project Located 200Kms North-West of Meekatharra in Western Australia Errawarra Resources Ltd. has commenced an airborne geophysical survey at its Errabiddy Project located 200kms north-west of Meekatharra in Western Australia. Errabiddy is located within an area that has undergone a "pegging rush" by several companies including Chalice Mining Ltd. (owners of the Julimar nickel-copper-PGE discovery). Errawarra's tenement package includes rock units prospective for intrusion hosted nickel-copper mineralisation and orogenic gold. The Errabiddy project is at an early stage and is considered highly prospective due to its location and the encouraging results achieved by previous explorers. The airborne magnetic (gradiometer) and radiometric survey will comprise over 12,000 line kilometres, at a 100m line spacing, will take approximately 10 days to complete with the data interpretation scheduled to be completed in June 2021. The survey results will assist in the interpretation and understanding of structural controls within the project area which will be used to underpin the planning of the first field reconnaissance and sampling programs to be undertaken during the next Quarter. Executive Departure • Apr 10
Executive Director has left the company On the 1st of April, Damian Hicks' tenure as Executive Director ended after 9.2 years in the role. As of December 2020, Damian personally held 2.44m shares (AU$536k worth at the time). Damian is the only executive to leave the company over the last 12 months. Ankündigung • Mar 12
Errawarra Resources Ltd (ASX:ERW) completed the acquisition of 70% stake in Fraser Range from Kingmaker Metals Pty Limited and Kingmaker Exploration No.1 Pty Ltd. Errawarra Resources Ltd (ASX:ERW) agreed to acquire a 70% stake in Fraser Range from Kingmaker Metals Pty Limited and Kingmaker Exploration No.1 Pty Ltd on November 11, 2020. In consideration for the Acquisition, the Errawarra Resources has agreed to, issue Kingmaker (or its nominees) 3.5 million Shares and pay Kingmaker AUD 0.15 million as a reimbursement of past expenditure on the project, subject to ASX approval for the purposes of ASX Listing Rule 1.1 (Condition 11). To the extent the proposed cash payment is not permitted by ASX, the Errawarra Resources agrees to issue the vendors additional Shares, at a deemed issue price of AUD 0.20 per Share. The parties have agreed that two thirds of the consideration (Shares and cash reimbursement) will be withheld until the applications for forfeiture against E63/1771 have been dismissed, on terms satisfactory to the Errawarra Resources. If the applications are upheld and the Tenement is forfieted, the withheld consideration is forfieted. The Fraser Range Agreement is conditional on the Errawarra Resources being admitted to the ASX on or before February 28, 2021. If the Errawarra Resources has not been admitted by this date, the agreement will come to an end unless the parties extend the date in writing.
Errawarra Resources Ltd (ASX:ERW) completed the acquisition of 70% stake in Fraser Range from Kingmaker Metals Pty Limited and Kingmaker Exploration No.1 Pty Ltd on March 10, 2021. Ankündigung • Feb 18
Errawarra Resources Ltd. Provides Binti Binti / Gindalbie Gold Project Update Errawarra Resources Ltd. has completed interpretation of its 1st aircore drill program at the Binti Binti /Gindalbie Gold Project1 located 75 kilometres north-northeast of Kalgoorlie, Western Australia. Binti Binti /Gindalbie is considered prospective for orogenic (lode) gold mineralisation given the historic Gindalbie Goldfield and associated workings within the project tenure. Within tenement E27/603, gold-anomalous soil geochemistry, combined with aeromagnetic data, outlined a structural corridor favourable to mineralisation. Errawarra drilled 99 aircore holes for a total of 5,267 metres in late 2020 testing the low-level gold-in soil anomaly. Interpretation of Errawarra's drilling results suggests the anomaly was potentially transported from the adjacent Gindalbie Goldfield, not from an underlying bedrock source. No significant results were returned from the 1st drill program. With the benefit of this information Errawarra will drill test the adjacent Gindalbie tenement (E27/577). This tenement contains historic gold production that requires further drilling to test for additional gold mineralisation along strike and at depth. The aim of the 2nd round of drilling is to intersect grades and widths of mineralisation that indicate the potential for the tenement to host an economic gold deposit. Errawarra acquired its 80% interest in the Gindalbie goldfield in December 2020 and settled the acquisition in January 2021. Drill approvals have been received, the drilling contractor secured, and drilling is scheduled to commence in March 2021. Errawarra will advise shareholders when drilling has commenced. Ankündigung • Feb 10
Errawarra Resources Ltd. Provides an Update on Exploration Activities At Its Fraser Range Project Errawarra Resources Ltd. provides an update on exploration activities at its Fraser Range Project located 30km south-west of the operating Nova nickel-copper-cobalt mine1 in the Fraser Range region of Western Australia. Errawarra's Fraser Range Project is considered prospective for Nova style nickel-copper-cobalt magmatic sulphide mineralisation. Exploration is being planned and managed by Newexco Exploration, a team of geoscientists credited with playing important roles in the discovery of several nickel deposits including Nova. The Fraser Range Project is at an early stage of exploration and priority areas identified for testing are based on gravity anomalies, magnetic anomalies, geochemical anomalies, and favourable geological units for hosting sulphide mineralisation. Surface EM surveying will cover four priority areas within the project and test for conductors that may be related to nickel-copper-cobalt sulphide mineralisation. Errawarra aims to survey these priority areas back-to-back, thereby completing the geophysical assessment of the project as soon as practically possible. Errawarra will drill test any bedrock geophysical anomalies generated forthwith. The first ground EM survey comprised a Moving Loop Electromagnetic (MLEM-Slingram) survey carried out by Vortex Geophysics. The configuration for this survey was designed around the size of the initial MLEM anomaly observed (several hundred metres strike length) over the Nova-Bollinger deposit in 20123. Preliminary interpretation of the Slingram data from the first survey suggests that no strong anomalous responses were observed consistent with a massive sulphide (Nova style) source. Two small, fixed loops (FLEM) have been proposed to cover two areas that were missed by the Slingram survey due to the thick bush/rough terrain. The final interpretation will be made available after completion of two FLEM surveys over the Central block. The second ground EM survey is also a MLEM-Slingram survey and has been configured in the same manner as the first survey. The survey has commenced, and 41 stations have been completed so far prior to standing down for rain. Ankündigung • Jan 06
Errawarra Resources Ltd (ASX:ERW) completed the acquisition of a 80% stake in E27/577 from Peter Romeo Gianni. Errawarra Resources Ltd (ASX:ERW) agreed to acquire 80% stake in E27/577 from Peter Romeo Gianni for AUD 0.05 million on December 19, 2020. The consideration consists of AUD 0.05 million(exclusive of GST) and 250,000 fully paid ordinary shares in Errawarra. Settlement will take place within 10 business days of execution.
Errawarra Resources Ltd (ASX:ERW) completed the acquisition of a 80% stake in E27/577 from Peter Romeo Gianni on January 5, 2021. Errawarra has issued 250,000 fully paid ordinary shares to Peter Gianni and nominee pursuant to the completion of the transaction. Ankündigung • Dec 21
Errawarra Resources Ltd (ASX:ERW) acquired a 80% stake in E27/577 from Peter Romeo Gianni for AUD 0.05 million. Errawarra Resources Ltd (ASX:ERW) acquired a 80% stake in E27/577 from Peter Romeo Gianni for AUD 0.05 million on December 19, 2020. The consideration consists of AUD 0.05 million(exclusive of GST) and 250,000 fully paid ordinary shares in Errawarra. Settlement will take place within 10 business days of execution.
Errawarra Resources Ltd (ASX:ERW) completed the acquisition of a 80% stake in E27/577 from Peter Romeo Gianni on December 19, 2020.