Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Amanda Reid was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 12
Executive Chairman recently bought AU$81k worth of stock On the 5th of May, Jamie Cullen bought around 300k shares on-market at roughly AU$0.27 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$430k. Jamie has been a buyer over the last 12 months, purchasing a net total of AU$296k worth in shares. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Amanda Reid was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 13
Frontier Energy Limited, Annual General Meeting, May 15, 2026 Frontier Energy Limited, Annual General Meeting, May 15, 2026. Location: level 20, 140 st georges terrace, perth wa, Australia Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Amanda Reid was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Dec 10
Frontier Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 11.5 million. Frontier Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 11.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Transaction Features: Subsequent Direct Listing Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Amanda Reid was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 02
Frontier Energy Limited, Annual General Meeting, May 28, 2025 Frontier Energy Limited, Annual General Meeting, May 28, 2025. Recent Insider Transactions • Nov 08
Executive Director recently bought AU$125k worth of stock On the 5th of November, Grant Burnaford Davey bought around 858k shares on-market at roughly AU$0.15 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$350k. Despite this recent purchase, insiders have collectively sold AU$1.0m more in shares than they bought in the last 12 months. Recent Insider Transactions • Oct 25
Executive Director recently bought AU$90k worth of stock On the 22nd of October, Grant Burnaford Davey bought around 642k shares on-market at roughly AU$0.14 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$350k. Despite this recent purchase, insiders have collectively sold AU$1.3m more in shares than they bought in the last 12 months. Recent Insider Transactions • Oct 08
Insider recently sold AU$2.3m worth of stock On the 3rd of October, Brian Flannery sold around 23m shares on-market at roughly AU$0.10 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.7m more than they bought in the last 12 months. New Risk • Oct 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 20% 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 (20% average weekly change). Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$64.2m market cap, or US$44.3m). Board Change • Sep 10
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Executive Director Grant Burnaford Davey is the most experienced director on the board, commencing their role in 2018. Independent Non-Executive Director Amanda Reid was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. New Risk • Sep 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 72% 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 Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Revenue is less than US$1m (AU$419k revenue, or US$282k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$115.6m market cap, or US$77.8m). Ankündigung • Aug 29
Frontier Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million. Frontier Energy Limited has completed a Follow-on Equity Offering in the amount of AUD 40 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 67,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 77,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,000,000
Price\Range: AUD 0.25
Discount Per Security: AUD 0.015
Transaction Features: Subsequent Direct Listing New Risk • Aug 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (28% accrual ratio). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (AU$127.3m market cap, or US$86.4m). Ankündigung • Aug 22
Frontier Energy Limited Appoints Mark McGowan AC as a Non-Executive Chairman, Effective 2 September 2024 Frontier Energy Limited announced the appointment of former Western Australian Premier, Mark McGowan AC, the 30th Premier of Western Australia (WA), as Non-Executive Chairman. As Western Australia's Premier from 2017 to 2023, Mr. McGowan played a leading role in the commencement of WA's transition from fossil fuelled electricity generation towards renewables. Mr. McGowan's Government drove the decision for WA state-owned electricity generator Synergy to transition out of coal-fired power generation by 2030 At the same time, Mr. McGowan's Government oversaw ~$3.8 billion investment in new green power infrastructure, including large-scale battery storage and renewable energy generation projects. Mr. McGowan was the Member for Rockingham from December 1996 until June 2023, when he stepped down as WA's Premier. Mr. McGowan became Premier in March 2017 and during his term as Premier, he held various other portfolios, including Treasurer and Minister for Public Sector Management. Most notably as Premier, he led the state through the COVID-19 pandemic and oversaw strong economic growth. In relation to energy policy, under the leadership of Mr. McGowan, the Government introduced an ambitious emissions reduction target, committing to a whole-of-government target to reduce emissions to 80% below 2020 levels by 2030. Mr. McGowan's Government was also responsible for the decision that will see the WA state- owned electricity generator and retailer, Synergy, transition out of coal-fired power generation by 2030, and commitment to an estimated $3.8 billion investment in new green power infrastructure in the South West Interconnected System. In addition to his position with Frontier, Mr. McGowan currently has advisory roles with BHP Limited, Mineral Resources Limited, APM Services International Ltd. and Bondi Partners. Mr. McGowan holds a Bachelor of Arts and a Bachelor of Laws from the University of Queensland. Mr. McGowan's appointment as Non-Executive Chairman will be effective as of 2 September 2024 or such other date as agreed between the Company and Mr. McGowan. Ankündigung • Jul 22
Capacity Investment Scheme Potentially Guarantees Revenue for 15 Years, Underpinning Future Expansion At Frontier's Waroona Project Frontier Energy Limited welcomes the release of the final design of the Federal Government's Capacity Investment Scheme (CIS) in Western Australia, which provides an extra level of financial certainty for leading clean energy projects such as Frontier's Waroona Renewable Energy Project (the Project). Stage One of the Project comprises a 120MWdc solar facility with an integrated 80MW/320MWh battery. The Project has secured all key approvals and has begun early works with the procurement of critical long-lead items Working in parallel with existing Western Australian electricity market mechanisms, the CIS will underwrite 1.1GW/4.4GWh of new, clean dispatchable energy in the State, with 500MW/2GWh of projects being sought via the first tender to be released this month. Highlights: Final design criteria for the WA CIS tender amended to allow solar and battery projects: Original design of the WA CIS contemplated a battery-only tender process, Final design criteria recognises that a co-located solar and battery project can provide genuine clean dispatchable renewable energy as opposed to a plain grid- connected battery, Projects must be greater than 30MW in size to be eligible to bid into the CIS and be operational by between 1 October 2026 and 1 October 2027. CIS has the potential to underpin Stage Two and future expansion stages, by providing revenue certainty for 15 years: CIS will provide annual revenue underwriting based on the units of $per MW of capacity credits held by the project in that year, for up to 15 years. Capacity shortfalls in Western Australia are forecast to grow from 2027, reinforcing the need for firm dispatchable renewable energy: Frontier aims to have Stage One of the Project operational by 1 October 2026, in time for the CIS/Capacity Market cycle, The Project has significant potential to expand to help meet the forecast supply shortage, including freehold land (Stage One utilises only 303ha of Frontier's 868ha) and potential for more than 1GW of network connections. Tight capacity driving high market prices, further boosting expected Project returns: Average peak prices in the WA electricity market (WEM) have continued to surge, as capacity constraints and higher than expected demand for energy bite Peak period prices for the first six months of 2024 averaged $164/MWh, a jump of ~24% on 2023 levels - and double in the past 2.5 years. Ankündigung • Apr 23
Frontier Energy Limited, Annual General Meeting, May 24, 2024 Frontier Energy Limited, Annual General Meeting, May 24, 2024, at 09:00 W. Australia Standard Time. Location: Level 20, 140 St Georges Terrace, Perth Western Australia Australia Agenda: To receive and consider the Annual Report of the Company and its controlled entities for the financial year ended 31 December 2023, which includes the declaration of the Directors, the Financial Report, the Directors' Report and the Auditors Report; to consider Adoption of Remuneration Report; to consider Re-election of Director - Chris Bath; to consider Issue of Options to Director Chris Bath; to consider Issue of Options to Director Grant Davey; and to consider Additional 10% placement capacity. Recent Insider Transactions • Mar 08
Executive Chairman recently bought AU$81k worth of stock On the 6th of March, Grant Burnaford Davey bought around 277k shares on-market at roughly AU$0.29 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Grant has been a buyer over the last 12 months, purchasing a net total of AU$1.4m worth in shares. Recent Insider Transactions • Feb 09
Executive Chairman recently bought AU$81k worth of stock On the 6th of February, Grant Burnaford Davey bought around 270k shares on-market at roughly AU$0.30 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Grant has been a buyer over the last 12 months, purchasing a net total of AU$1.3m worth in shares. New Risk • Nov 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (44% accrual ratio). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Market cap is less than US$100m (AU$100.2m market cap, or US$64.8m). Ankündigung • Oct 16
Frontier Energy Limited Announces Cessation of Amanda Reid as Alternate Director Frontier Energy Limited announced that Mr. David Wheeler's appointment as the alternate director for Ms Amanda Reid has now ceased and the Company thanks him for his contribution during Ms Reid's absence. Ankündigung • Sep 21
Frontier Energy Limited Announces Board Changes Frontier Energy Limited announced that Mr. David Wheeler has been appointed as the alternate director for Ms. Amanda Reid, due to a period of absence by her. Mr. Wheeler has more than 30 years of senior executive management, directorships, and corporate advisory experience both in Australia and foreign countries and regions including the USA, UK, Europe and Asia. He is a foundation director and partner of Pathways Corporate, a boutique corporate advisory firm that undertakes assignments on behalf of a range of clients including ASX listed companies. Mr. Wheeler is a Fellow of the Australian Institute of Company Directors and has experience on both public and private boards and currently holds a number of directorships and advisory positions in Australian companies. He is currently a director of listed companies PVW Resources Limited (previously Thred Limited), Avira Resources Limited, Protean Energy Ltd, Ragnar Metals Limited, Tyranna Resources Limited, Cycliq Group Limited, Cradle Resources Limited, ColorTV Limited and OZZ Resources Limited. Mr. Wheeler is considered to be independent. New Risk • Aug 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (AU$109.1m market cap, or US$70.0m). Recent Insider Transactions • Jul 28
Executive Chairman recently bought AU$99k worth of stock On the 26th of July, Grant Burnaford Davey bought around 270k shares on-market at roughly AU$0.36 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$1m. Grant has been a buyer over the last 12 months, purchasing a net total of AU$1.1m worth in shares. Recent Insider Transactions • May 27
Executive Chairman recently bought AU$1.0m worth of stock On the 26th of May, Grant Burnaford Davey bought around 2m shares on-market at roughly AU$0.42 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Grant's only on-market trade for the last 12 months. Ankündigung • Jan 10
Frontier Energy Limited Announces Company Secretary Changes Frontier Energy Limited advised that Ms. Catherine Anderson (B Juris (Hons) LLB (UWA)) has been appointed Company Secretary of the Company with immediate effect, replacing Mr. Chris Bath. Mr. Bath remains the CFO and an executive director of Frontier. Board Change • Nov 17
No independent directors There are 4 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: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Executive Chairman Grant Burnaford Davey is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Reported Earnings • Sep 08
First half 2022 earnings released: AU$0.014 loss per share (vs AU$0.031 loss in 1H 2021) First half 2022 results: AU$0.014 loss per share (improved from AU$0.031 loss in 1H 2021). Net loss: AU$2.80m (loss narrowed 38% from 1H 2021). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD, CEO & Director Mike Young was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: AU$0.015 loss per share (vs AU$0.019 loss in FY 2020) Full year 2021 results: AU$0.015 loss per share (up from AU$0.019 loss in FY 2020). Net loss: AU$2.49m (loss narrowed 4.7% from FY 2020). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Mar 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Director Mike Young was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
