Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Apr 24
Siren Gold Limited, Annual General Meeting, May 27, 2026 Siren Gold Limited, Annual General Meeting, May 27, 2026. Location: at level 2 41 ord street, west perth, wa 6005, Australia Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Aug 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Aug 16
Siren Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. Siren Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,740,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,260,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • Aug 15
Siren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million. Siren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,740,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,260,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • Mar 21
Siren Gold Limited, Annual General Meeting, May 14, 2025 Siren Gold Limited, Annual General Meeting, May 14, 2025. Ankündigung • Nov 26
Rua Gold Inc. (CNSX:RUA) acquired Reefton Project of Siren Gold Limited from Siren Gold Limited (ASX:SNG). Rua Gold Inc. (CNSX:RUA) agreed to acquire Reefton Project of Siren Gold Limited from Siren Gold Limited (ASX:SNG) for AUD 20 million on July 14, 2024. A cash consideration of AUD 2 million will be paid by Rua Gold Inc. The consideration consists of 83.93 million common equity of Rua Gold Inc. having a value of AUD 18 million to be issued for assets of Reefton Project of Siren Gold Limited. As part of consideration, AUD 20 million is paid towards assets of Reefton Project of Siren Gold Limited.
The transaction is subject to approval of offer by acquirer shareholders, approval of offer by target shareholders and consummation of due diligence investigation. Shareholders of Siren Gold Limited approved the transaction. As of October 28, 2024, the security holders of Siren Gold Limited approved the deal. The expected completion of the transaction is October 1, 2024 to December 31, 2024.
Red Cloud Securities, Inc. acted as financial advisor for Siren Gold Limited. Steinepreis Paganin acted as legal advisor for Siren Gold Limited. Cassels Brock & Blackwell LLP acted as legal advisor for Siren Gold Limited. Cormark Securities Inc. acted as financial advisor for Rua Gold Inc. McMillan LLP acted as legal advisor for Rua Gold Inc. Simpson & Grierson acted as legal advisor for Rua Gold Inc.
Rua Gold Inc. (CNSX:RUA) completed the acquisition of Reefton Project of Siren Gold Limited from Siren Gold Limited (ASX:SNG) on November 25, 2024. Ankündigung • Oct 29
Federation Mining Pty Ltd cancelled the acquisition of Siren Gold Limited (ASX:SNG) for AUD 23.6 million in a reverse merger transaction. Federation Mining Pty Ltd signed a letter of intent to acquire Siren Gold Limited (ASX:SNG) for AUD 23.6 million in a reverse merger transaction on October 25, 2024. The consideration consists of common equity of Federation Mining Pty Ltd at a ratio of 0.96 per common equity of Siren Gold Limited.
The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation, obtaining financing and termination of RUA acquisition agreement and signing of definitive agreement.
Federation Mining Pty Ltd cancelled the acquisition of Siren Gold Limited (ASX:SNG) in a reverse merger transaction on October 28, 2024. New Risk • Sep 11
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$3.2m 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$3.2m free cash flow). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m (AU$3.2k revenue, or US$2.1k). Market cap is less than US$10m (AU$12.6m market cap, or US$8.41m). New Risk • Jul 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.8m (US$9.95m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.8m market cap, or US$9.95m). New Risk • May 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$16.0m market cap, or US$10.6m). Ankündigung • Apr 02
Siren Gold Limited, Annual General Meeting, May 15, 2024 Siren Gold Limited, Annual General Meeting, May 15, 2024. Ankündigung • Feb 28
Siren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million. Siren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,200,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,800,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 23
Siren Gold Limited, Annual General Meeting, Nov 23, 2023 Siren Gold Limited, Annual General Meeting, Nov 23, 2023, at 10:00 W. Australia Standard Time. Location: Level 2, 41 Ord Street West Perth Western Australia Australia Agenda: To consider ratification of prior issue of tranche 1 shares; to consider ratification of prior issue of tranche 1 shares; to consider approval to issue tranche 1 options; to consider approval to issue tranche 2 securities to unrelated party; to consider approval to issue tranche 2 securities to Brian Rodan; to consider approval to issue tranche 2 securities to keith murray; to consider approval to issue tranche 2 securities to victor Rajasooriar; to consider approval to issue options to Brian Rodan; to consider approval to issue options to Keith Murray; to consider approval to issue options to victor Rajasooriar; to consider approval to issue options to Paul Angus. Ankündigung • Sep 20
Siren Gold Limited Appoints Victor Rajasooriar as Non-Executive Director Siren Gold Limited announced the appointment of Mr. Victor Rajasooriar as a Non-Executive Director. The appointment of Mr. Victor Rajasooriar is part of an ongoing strengthening of the Siren Board of Directors as the Company embarks on its next phase of growth. The appointment adds significant mining, governance, and corporate capability to the Siren Board. Mr. Rajasooriar will be an integral member of the Siren Board as company progress the Company towards its next stage of development. He is currently the Managing Director of Panoramic Resources Ltd., and brings a wealth of diverse mining and leadership experience to Siren. Mr. Rajasooriar is a highly experienced Australian mining executive and Board Director who has more than 25 years of operational and technical experience across both underground and open pit mining operations. Mr. Rajasooriar's distinguished career has seen him hold senior roles with major resource companies, including Managing Director and CEO of Echo Resources Limited until the completion of a takeover by Northern Star Resources Limited. Prior to joining Echo, Victor held the role of Chief Operating Officer for leading underground mining contractor Barminco and has held senior technical roles with Gold Fields and Newmont Mining. At Newmont this included operational responsibility for the Waihi Gold Operation in the North Island of New Zealand between 2006 - 2008. Victor holds a Bachelor of Engineering (Mining) from the WA School of Mines and is a member of both the Australian Institute of Company Directors and the Australasian Institute of Mining and Metallurgy. Date of appointment is 18 September 2023. Board Change • Apr 03
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Jan 31
Siren Gold Limited Announces Global Resource Reaches Key 1Moz Milestone Siren Gold Limited provided an update on the Mineral Resource Estimate (MRE) for the Alexander River and Sams Creek Projects. Highlights: Global resource has increased to 10.2Mt @ 3.0g/t Au for 994koz (100% basis) at a 1.5g/t Au cut-off; The Alexander River Inferred MRE has increased to 1.07Mt @ 5.0g/t Au for 170koz at a 1.5g/t cut-off; Alexander River Resource increase of 30% with grade increasing 22%, based on the inclusion of data from 31 trenches; Sams Creek MRE has increased to 9.1Mt @ 2.8g/t Au for 824koz at a 1.5g/t cut-off; Sams Creek Resource now incorporates data from the Bobby Dazzler deposit of 16.7koz at 2.6g/t Au.; Significant exploration potential exists at both Sams Creek and Alexander River for further Resource increases, with deposits open along strike and at depth. Background: Siren holds a large, strategic package of tenements in the Reefton, Lyell and Sams Creek Goldfields in the South Island of New Zealand. Western New Zealand was originally part of Gondwana and lay adjacent to eastern Australia until around 80 Ma ago. The NW of the South Island of New Zealand comprises an area of predominantly early Paleozoic rocks in broad northerly trending belts that terminate at the Alpine Fault (Figure 1). The Paleozoic sequence is divided into the Buller Terrane, Takaka Central and Takaka Eastern Belts. These belts are interpreted to correspond with the Western, Central and Eastern belts of the Lachlan Fold Belt. The Buller and Western Lachlan belts contain orogenic gold deposits like Bendigo, Ballarat and Fosterville in Australia and the Reefton and Lyell Goldfields in New Zealand. The Eastern Takaka and Eastern Lachlan belts host Sams Creek porphyry-Au and porphyry copper-gold deposits, like Cadia and Ridgeway, respectively. The Reefton Goldfield was discovered in 1866 and produced +2M oz of gold at an average recovered grade of 16g/t from 84 historic mines, plus an estimated alluvial gold production of 8Moz. Most underground mining ceased by 1942, with the famous Blackwater mine closing in 1951 when the shaft failed after producing ~740koz of gold down to 710m below surface. Siren's key projects include Alexander River, Big River, Auld Creek, Cumberland, Lyell and Sams Creek. Geology: The Alexander River Project (Exploration Permit 60446) is located ~26km southeast of Reefton, in a mostly fault-bounded sliver of Greenland Group rocks 7kms southeast of the main Reefton Goldfield block. It is bounded by undeformed granite to the west, and by a metamorphic core complex to the east. The Alexander mineralisation outcrops for over 1.2kms and is comprised of high-grade quartz reefs and disseminated mineralisation. Surface trenching and channel sampling show that the mineralisation ranges from 2-15m thick, with an average thickness and grade of 4m @ 8g/t Au. Surface sampling identified four mineralised shoots, named Bull, McVicar, Bruno and Loftus-McKay. Only the McVicar East Shoot was mined to any extent, with the shallow plunging shoot mined to 250m below surface, extracting 41koz at an average recovered grade of 26g/t Au before the mine closed in 1942. Structural mapping has confirmed that the Alexander River mineralised zone can be divided into two structural domains. The Bull-McVicar-Bruno reef track is ENE striking, steeply SE dipping, while the Loftus-McKay reef track extends from Bruno into Mullocky Creek and is NNE-striking and dips 50o to the NW. In both structural domains, it appears that the intersection between an anticline hinge and a mineralised fault likely controls the trend and plunge of Au-bearing shoots. The arsenic soil anomaly extends from Bull and ends around the last known outcrop of the Loftus-McKay Shoot near Pad 28, where the shoot is interpreted to be offset approximately 150m to the north by a NNW trending Mullocky Fault. This interpretation is based on the offset of a dolerite dyke and the absence of the Loftus-McKay Shoot in holes drilled from the next two pads to the north. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 12
Executive Chairman & MD recently bought AU$124k worth of stock On the 8th of November, Brian Rodan bought around 324k shares on-market at roughly AU$0.38 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of AU$567k worth in shares. Recent Insider Transactions • Oct 21
Executive Chairman & MD recently bought AU$76k worth of stock On the 15th of October, Brian Rodan bought around 216k shares on-market at roughly AU$0.35 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of AU$443k worth in shares. Recent Insider Transactions • Jan 06
Chairman & MD recently bought AU$367k worth of stock On the 31st of December, Brian Rodan bought around 500k shares on-market at roughly AU$0.73 per share. In the last 3 months, they made an even bigger purchase worth AU$656k. Brian has been a buyer over the last 12 months, purchasing a net total of AU$1.0m worth in shares. Recent Insider Transactions • Oct 12
MD & Director recently bought AU$656k worth of stock On the 9th of October, Brian Rodan bought around 2m shares on-market at roughly AU$0.40 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of AU$676k worth in shares. 
