New Risk • Apr 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 (19% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$12.6m market cap, or US$9.03m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Anuncio • Apr 09
Zinc of Ireland NL has filed a Follow-on Equity Offering in the amount of AUD 5.5 million. Zinc of Ireland NL has filed a Follow-on Equity Offering in the amount of AUD 5.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 82,301,603
Price\Range: AUD 0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 467,698,397
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing Board Change • Jan 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. 3 non-independent directors. Independent Non-Executive Chairman Peter Huljich 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. Anuncio • Sep 25
Zinc of Ireland NL, Annual General Meeting, Nov 28, 2025 Zinc of Ireland NL, Annual General Meeting, Nov 28, 2025. Location: at the offices of prospera partners, suite b9, 431 roberts road, subiaco, western australia Australia 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$1.2m 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$1.2m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (166% increase in shares outstanding). Revenue is less than US$1m (AU$12.0 revenue, or US$8.0). Market cap is less than US$10m (AU$8.51m market cap, or US$5.38m). Anuncio • Dec 16
Zinc of Ireland NL has completed a Follow-on Equity Offering in the amount of AUD 0.25 million. Zinc of Ireland NL has completed a Follow-on Equity Offering in the amount of AUD 0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,714,287
Price\Range: AUD 0.007
Transaction Features: Subsequent Direct Listing Anuncio • Oct 25
Zinc of Ireland NL has filed a Follow-on Equity Offering in the amount of AUD 0.25 million. Zinc of Ireland NL has filed a Follow-on Equity Offering in the amount of AUD 0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,714,285
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00035
Transaction Features: Subsequent Direct Listing Anuncio • Oct 10
Zinc of Ireland NL, Annual General Meeting, Nov 29, 2024 Zinc of Ireland NL, Annual General Meeting, Nov 29, 2024. Location: at the offices of automic group, level 5, 191 st georges terrace, perth, western australia Australia New Risk • Aug 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 (19% average weekly change). Earnings have declined by 3.2% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$2.92m market cap, or US$1.98m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Mar 14
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$1.2m 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$1.2m free cash flow). Shares are highly illiquid. Earnings have declined by 3.2% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$3.20m market cap, or US$2.12m). Anuncio • Oct 16
Zinc of Ireland NL, Annual General Meeting, Nov 17, 2023 Zinc of Ireland NL, Annual General Meeting, Nov 17, 2023, at 11:00 W. Australia Standard Time. Location: Automic Group, Level 5, 191 St Georges Terrace Perth WA 6000 Australia Agenda: To receive and consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2023, which includes the Financial Report, the Directors' Report, the Remuneration Report and the Auditor's Report; to consider Remuneration Report; to consider Re-election of Dr. Julian Barnes; to consider Election of Mr. Peter Huljich; to consider Election of Mr. Jerry Monzu; to consider Approval for the Issue of Director Incentive Options to Mr. Peter Huljich; to consider Approval of 10% Placement Facility; and to consider other matters. Board Change • Jul 21
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. Company Secretary & Non-Executive Director Jerry Monzu was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • May 26
Zinc of Ireland NL (ASX:ZMI) entered into a binding to acquire tenement sale agreement to acquire E74/690 and E74/691 from Syndicate Minerals Pty Ltd and Gneiss Results for AUD 0.093 million. Zinc of Ireland NL (ASX:ZMI) entered into a binding to acquire tenement sale agreement to acquire E74/690 and E74/691 from Syndicate Minerals Pty Ltd and Gneiss Results for AUD 0.093 million on May 26, 2023. The Sale Assets are to be purchased from the Seller and Gneiss for consideration of 3,100,000 fully paid ordinary shares in the issued share capital of ZMI with 2,500,000 of those shares to be allocated to the Seller and 600,000 of the shares to Gneiss and a 1.5% net smelter royalty to the Seller on standard commercial terms, including a partial buy back clause in favour of ZMI (Royalty). Recent Insider Transactions • Mar 18
Insider recently bought AU$56k worth of stock On the 16th of March, Linda Steinepreis bought around 2m shares on-market at roughly AU$0.028 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$64k more in shares than they have sold in the last 12 months. Board Change • Nov 28
No independent directors 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. No independent directors (3 non-independent directors). Non-Executive Director Julian Barnes was the last director to join 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. Insufficient board refreshment. Board Change • Oct 25
No independent directors 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. No independent directors (3 non-independent directors). Non-Executive Director Julian Barnes was the last director to join 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. Insufficient board refreshment. Anuncio • Oct 04
Zinc of Ireland NL, Annual General Meeting, Nov 18, 2022 Zinc of Ireland NL, Annual General Meeting, Nov 18, 2022. Agenda: To consider and approve the re-election and appointment of Directors. Anuncio • May 31
Zinc of Ireland NL, Annual General Meeting, Jun 30, 2022 Zinc of Ireland NL, Annual General Meeting, Jun 30, 2022, at 11:00 W. Australia Standard Time. Location: offices of the Automic Group, Level 5 191 St Georges Terrace Perth Western Australia Australia Agenda: To consider ratification of the issue of 25,506,642 of the Tranche 1 Placement Shares; to consider ratification of the issue of 6,493,358 Shares of the Tranche 1 Placement Shares; to consider the approval to Issue Tranche 2 Placement Shares to Related Party; to consider adoption of the New Constitution; to consider approval for the Issue of Incentive Options to Director Mr. Richard Monti; to consider approval for the Issue of Incentive Options to Director Mr. Thomas Corr; to consider approval for the Issue of Incentive Options to Director Dr. Julian Barnes; to consider approval for the Issue of Corporate Advisor Options; to consider approval of Employee Securities Incentive Plan; and to transact such other business issues. Anuncio • May 24
Zinc of Ireland NL Announces Additional Diamond Drill Rig Added At Rapla, Ireland and Commencement of Phase Two Soil Sampling Program At Earaheedy Basin Project, Western Australia Zinc of Ireland NL update shareholders with respect to its exploration activities in Ireland and the Earaheedy Basin, WA. Rapla, Ireland The Company's maiden drilling campaign at Rapla, has added a second diamond drill rig. The current drilling (two holes in progress) is targeting a `walk-up' drill target that appears to exhibit a variety of similar geological characteristics (in terms of areal extent, host lithologies, mineralisation style and structural architecture) to the famous, and neighbouring, Lisheen Mine. RDD001 is approaching its target and RDD002 is on course to enter its target zone shortly after RDD001 Rapla is a typical "Irish Type" (e.g. Lisheen & Galmoy) target, where the Company expects the potential for higher-grade mineralisation of greater thickness to increase approaching the feeder structure/fault. At Rapla, the closest historical drill hole, which is located ~600m away from the potential feeder fault hit high grade mineralisation. All other proximal holes contained sulphide mineralisation, which the Company has evaluated as an exceptional precursor to successfully targeting an economic accumulation of sulphides in proximity to the potential feeder. The Company notes that the Lisheen main zone orebody was approximately 600m long and 1200m wide before being mined out, which is similar in length to the target zone at Rapla. Drill core from the initial three holes will be processed and sent for analysis immediately after drilling. The Phase Two reconnaissance program, which is currently underway, is designed to collect soil samples within an area targeting: Previously unsampled areas from the Phase One program; Phase One results (as previously reported by the Company in April 2022); Current known geology and structural targets; and Existing geochemical data previously collected by the Western Australian. The current soil program is designed to identify the unconformity running northwest through the project and to test, using portable XRFs (pXRF), for anomalous elements. It is expected that a suite of samples based on the pXRF readings will be submitted for conventional soil assay ICP analyses at an accredited laboratory. The current Phase Two program fieldwork is expected to provide the Company with complete pXRF coverage of the Frere-Yelma unconformity for the first time ever. It is also expected to refine the known extent of the current Zn-in-soil anomalism which remains open to the northwest. Anuncio • May 04
Zinc of Ireland NL announced that it expects to receive AUD 2 million in funding Zinc of Ireland NL announced that it will issue 40,000,000 common shares at an issue price of AUD 0.05 per share for total gross proceeds of AUD 2,000,000 on May 4, 2022. The transaction will include participation from from sophisticated and institutional investors. The company will receive funding in two tranches. The company will issue
33,000,000 shares in first tranche and 7,000,000 shares in second tranche, which are subject to Shareholder approval. The lead manager will receive a fee of 2% of funds raised under the Placement. Other AFSL holders that subscribe to the placement (either personally or on behalf of their clients) will be entitled to a 4% fee. Anuncio • Apr 27
Zinc of Ireland NL Reports the Results of Recently Received Soil Sample Assays from the Earaheedy Project Zinc of Ireland NL reported the results of recently received soil sample assays from the Earaheedy project. The reconnaissance programme was designed to collect soil samples within an area based on current known geology and structural targets, and existing geochemical data previously collected by the Western Australian Geological Survey, which showed a high-grade soil sample of 181ppm Zn adjacent to the prospective unconformity. The soil program, as designed, originally comprised 947 sample sites on a 1,000m x 100m grid, to identify the unconformity running northwest through the project and to test, using portable XRF's (pXRF), for anomalous elements. Levels of Cu and Pb determined as anomalous (> 20ppm and >10ppb respectively) were also encountered coincident with the elevated Zn anomalies covering the unconformity. This is encouraging, as anomalous levels of less mobile elements within the soils, adjacent to the unconformity, such as Cu and Pb, could be indicating a fresh rock source. The proposed work programme is based on the results of the November 2021 reconnaissance visit and is comprised of: Follow-up and infill sampling of previous portable XRF (pXRF) lines across the unconformity. The additional pXRF work will seek to extend the current anomalism, which remains open to the northwest. It will also extend the sampling coverage over the previously unsampled western portion of the EL. Conventional soil geochemical samples will also be collected and may be assayed selectively if required, based on the coherence of pXRF results. `Ground-truthing' of the previous anomalies will be carried out as well as reconnaissance of potential drill access routes. Drill planning and permitting is expected to commence ASAP. Board Change • Apr 27
No independent directors 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. No independent directors (3 non-independent directors). Non-Executive Director Julian Barnes was the last director to join 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. Insufficient board refreshment. Anuncio • Apr 14
Zinc of Ireland NL Announces Maiden Drilling Program to Commence at Rapla Zinc of Ireland NL announced that the Company's maiden drilling campaign at Rapla, which was won by way of a successful ballot application, is due to start next week. A total of 14 holes were successfully permitted by the Company. The immediate high priority drilling will consist of 3 holes into a walk up drill target that appears very similar to the famous and neighbouring Lisheen Mine (~10km away and 22.6mt @ 15.3% Zn+Pb) in area, geology and feeder fault model. Rapla is a typical "Irish Type" (e.g. Lisheen & Galmoy) target, where the Company expects the potential for higher grade mineralisation of greater thickness to increase approaching the feeder structure/fault. At Rapla, the closest historical drill hole, which is located ~600m away from the potential feeder fault, which hit high grade mineralisation of (7.4m @ 14.59% Zn+Pb). All other proximal holes contained sulphide mineralisation,which the Company has evaluated as an exceptional precursor to successfully targeting an economic accumulation of sulphides in proximity to the potential feeder. The Company notes that the Lisheen main zone orebody was approximatley 600m long and 1200m wide before being mined out, which is similar in length to the target zone at Rapla being drilled. Drill core from the initial three holes will be processed and sent for analysis immediatley after drilling. The Company looks forward to updating the market on this drill program, step-out drilling at Kildare (which is due to commence shortly) and other exploration activities. The initial priority target at Rapla is a mere 5km from the Galmoy mine, which hosts a remnant high grade resource. Any success in our drilling could have serious implications for ZMI. Executive Departure • Dec 02
Non-Executive Director Adrian Goldstone has left the company On the 30th of November, Adrian Goldstone's tenure as Non-Executive Director ended after 2.8 years in the role. We don't have any record of a personal shareholding under Adrian's name. Adrian is the only executive to leave the company over the last 12 months. Anuncio • Jun 30
Zinc of Ireland NL announced that it expects to receive AUD 1.8 million in funding Zinc of Ireland NL (ASX:ZMI) announced a private placement of 36,000,000 common share at a price of AUD 0.05 per share for the gross proceeds of AUD 1,800,000 on June 30, 2021. The transaction will take place in two tranches. The company will issue 27,710,623 shares in its first tranche. The first tranche is expected to close on July 9, 2021. The company will issue 10,289,377 shares and 18,000,000 Placement Options in its second tranche. The second tranche is expected to close on September 13, 2021. The company will issue 18,000,000 Placement options exercisable at AUD 0.10 and expiring in three years in the transaction. Each share will be issued with the subsequent issue of an attaching option on a 1:2 basis. The transaction is subject to the shareholders’ approval. The Notice of Meeting sent to shareholders to be held on July 13, 2021. The General Meeting to be held on August 12, 2021. Recent Insider Transactions • May 13
Insider recently bought AU$69k worth of stock On the 4th of May, Judith Steinepreis bought around 1m shares on-market at roughly AU$0.058 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$80k more in shares than they have sold in the last 12 months.