Board Change • May 20
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Company Secretary & Independent Director Ben Donovan is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Ankündigung • May 08
Westar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.49 million. Westar Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.49 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00048
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0004
Transaction Features: Subsequent Direct Listing Board Change • May 01
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Company Secretary & Independent Director Ben Donovan is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Ankündigung • Feb 23
Westar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.49 million. Westar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.49 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00048
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0004
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Company Secretary & Independent Director Ben Donovan is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Ankündigung • Oct 22
Westar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. Westar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 59,808,721
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0004
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 240,191,279
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0004
Transaction Features: Subsequent Direct Listing Ankündigung • Oct 08
Westar Resources Limited, Annual General Meeting, Nov 28, 2025 Westar Resources Limited, Annual General Meeting, Nov 28, 2025. Ankündigung • Oct 08
Westar Resources Limited, Annual General Meeting, Nov 26, 2024 Westar Resources Limited, Annual General Meeting, Nov 26, 2024. New Risk • Sep 24
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$2.1m 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$2.1m free cash flow). Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Revenue is less than US$1m (AU$69k revenue, or US$47k). Market cap is less than US$10m (AU$3.19m market cap, or US$2.19m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Ankündigung • Sep 11
Westar Resources Limited Announces Board Changes Westar Resources Limited announced the appointment of Jason Boladeras to the Board as Executive Director and advise the retirement of Non-Executive Director Karl Jupp, both effective immediately. Karl Jupp was a Founding Director of Westar and served as Managing Director and CEO, overseeing the acquisition and progress of its quality exploration assets in Western Australia. Karl feels it is an appropriate time for management changes, moving on to concentrate on his other business interests. The Board thanks Karl for his significant contribution and service to the Company since his appointment to the Westar Board as Managing Director ahead of the IPO in 2020 and wishes him every success in his future endeavours. Current Westar CEO Jason Boladeras will become Executive Director of the Company. Jason has a wealth of experience in exploration management, having worked extensively throughout Australia and overseas spanning across a range of commodities. Jason served as Exploration Manager for Northern Star Resources (ASX: NST) from 2008-2013, where he played an instrumental role in the acquisition of the Paulsens Gold Mine and the addition of over one million ounces of gold to the Northern Star portfolio. Prior to joining Westar in 2023, Jason offered corporate geological services predominately to private investors and small- cap exploration companies, through his own private company. New Risk • Aug 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 115% 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 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.19m market cap, or US$2.09m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • May 13
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 Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (108% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.55m market cap, or US$1.68m). Ankündigung • Apr 18
Westar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.926788 million. Westar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.926788 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 92,678,758
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Transaction Features: Rights Offering Ankündigung • Apr 17
Westar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million. Westar Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,339,379
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 153,660,621
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Subsequent Direct Listing New Risk • Mar 15
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$2.8m 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$2.8m free cash flow). Earnings have declined by 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (131% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$2.41m market cap, or US$1.59m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Ankündigung • Sep 28
Westar Resources Limited, Annual General Meeting, Nov 16, 2023 Westar Resources Limited, Annual General Meeting, Nov 16, 2023. Agenda: To consider the re-election and appointment of directors. New Risk • Aug 31
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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.5m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (135% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.89m market cap, or US$2.52m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Board Change • Apr 20
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Non-Executive Director Karl Jupp is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Chairman Simon Eley 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. Lack of experienced directors. Board Change • Apr 03
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Non-Executive Director Karl Jupp is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Chairman Simon Eley 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. Lack of experienced directors. Ankündigung • Feb 18
Westar Resources Limited Announces the Completion of Reconnaissance Field Programs, Confirming the Presence of Fractionated Pegmatite Systems at the Mindoolah Project in the Murchison Region of Western Australia Westar Resources Limited announced the completion of reconnaissance field programs, confirming the presence of fractionated pegmatite systems at the Mindoolah Project in the Murchison Region of Western Australia. The Mindoolah Project contains numerous historically mapped pegmatites that remain untested for LCT mineralisation. Reconnaissance soil and rock chip sampling completed by Westar and reviewed by independent pegmatite expert, Lily Valley International (LVI), confirm the historical mapping and presence of pegmatites. Defined trends highlighting the potential fractionation sequence and potential for Li mineralisation can be traced over 4km and remain open along strike. In addition to the outcropping pegmatites, soil sampling supports the interpretation of buried pegmatites further highlighting the potential in the area. Westar plans further targeted mapping and sampling to define priority target areas ahead of a maiden RC drilling program. Westar completed reconnaissance mapping and sampling at Mindoolah in late CY22 to verify 13 previously mapped pegmatite occurrences at the Project by previous tenure holders. Ten of the 13 pegmatite locations in the south-west of the tenure were verified and 3 additional pegmatite occurrences were observed at sites not previously recorded. Extensive, thin soil cover limited the ability to accurately map the extents of the pegmatite outcrops. However, sporadic sub crop suggests either pegmatite continuity with a potential strike length of more than 4km or multiple discontinuous pegmatite intrusions beneath cover, which do not outcrop, as indicated by the soil sampling interpretation. Four lines of orientation soil samples (86 samples) were collected to determine the suitability of this technique in both locating buried pegmatites and aiding drill targeting towards areas of more highly fractionated pegmatites which potentially host Li mineralisation. These lines covered the northern portion of the mapped area. Assay results and interpretations indicate Ta and Nb anomalism in the soil geochemistry forms a continuous NE-SW trend across the soils sample lines, which is consistent with the regional mapped geology and pegmatite outcrops trend. This consistency supports the notion that soil sampling can be used to indicate buried pegmatite bodies in the region, allowing more focused exploration. Of note in the soil sampling is the anomalous Li samples occurring offset to the anomalous Nb and Ta and predominantly in the area of outcropping pegmatites. This is interpreted to represent Li surface depletion and the importance of pathfinder geochemistry in defining more fractionated units within the pegmatite and therefore priority drilling targets. A follow up rock chip sampling and detailed mapping program will be undertaken to advance the geological understanding of the pegmatite zonation. Targeted sampling of muscovite and microcline from pegmatite outcrops will be assayed to determine degree of fractionation using K/Rb and Nb/Ta ratios. A concurrent soil sampling program will target infill around existing anomalies and extend test areas where pegmatites are interpreted to lie under a thin aeolian cover. These programs are planned to highlight pegmatite zonation with the intent of identifying zones of higher mineral fractionation and priority drilling targets. The Mindoolah Project consists of approximately 100km2 of tenure, located 70km north-west from the town of Cue in Western Australia, within the Murchison Mineral Field of Western Australia. The tenement lies on the south-western end of the Weld Range and contains a sequence of felsic volcanics, several mafic units, BIF and granite, with lenses and dykes of pegmatite, aplite and quartz- feldspar porphyry. Extensive alluvial and open cut gold occurrences occur in the Mindoolah mining centre, and many historic workings are scattered throughout the tenements. Historical gold and base- metal exploration has mapped multiple pegmatite occurrences in the western project area that remain untested for LCT mineralisation potential. Board Change • Jan 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Simon Eley 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 • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Simon Eley 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 • Oct 11
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Simon Eley 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.