Annonce • Dec 09
Antares Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.03 million. Antares Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.03 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 253,750,000
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Transaction Features: Subsequent Direct Listing Annonce • Oct 06
Antares Metals Limited, Annual General Meeting, Nov 25, 2025 Antares Metals Limited, Annual General Meeting, Nov 25, 2025. Board Change • Aug 18
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Mark Connelly is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 04
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Mark Connelly is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 139% 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 76% per year over the past 5 years. Shareholders have been substantially diluted in the past year (139% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.15m market cap, or US$5.05m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Board Change • Dec 24
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Mark Connelly is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Non-Executive Director Lynda Burnett is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Oct 25
NickelSearch Limited (ASX:NIS) acquired Capella Metals Limited for AUD 1.76 million NickelSearch Limited (ASX:NIS) agreed to acquire Capella Metals Limited for AUD 1.76 million on August 26, 2024. The consideration consists of 88.42 million common equity of NickelSearch Limited to be issued for common equity of Capella Metals Limited. As part of consideration, an undisclosed value is paid towards common equity of Capella Metals Limited.
The transaction is subject to consummation of due diligence investigation, consummation of private placement, subject to shareholder approval and third party approval needed. The expected completion of the transaction is August 26, 2024 to February 28, 2025.
NickelSearch Limited (ASX:NIS) completed the acquisition of Capella Metals Limited on October 24, 2024. Annonce • Oct 07
NickelSearch Limited, Annual General Meeting, Nov 26, 2024 NickelSearch Limited, Annual General Meeting, Nov 26, 2024. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. 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 (19% average weekly change). Earnings have declined by 71% per year over the past 5 years. Shareholders have been substantially diluted in the past year (80% increase in shares outstanding). Revenue is less than US$1m (AU$42k revenue, or US$29k). Market cap is less than US$10m (AU$3.76m market cap, or US$2.61m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Annonce • Sep 10
NickelSearch Limited has completed a Follow-on Equity Offering in the amount of AUD 0.557561 million. NickelSearch Limited has completed a Follow-on Equity Offering in the amount of AUD 0.557561 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,170,737
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Aug 28
NickelSearch Limited has filed a Follow-on Equity Offering in the amount of AUD 0.557561 million. NickelSearch Limited has filed a Follow-on Equity Offering in the amount of AUD 0.557561 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,170,737
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • May 24
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 14% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.9m free cash flow). Earnings have declined by 71% per year over the past 5 years. Shareholders have been substantially diluted in the past year (105% increase in shares outstanding). Revenue is less than US$1m (AU$42k revenue, or US$28k). Market cap is less than US$10m (AU$6.62m market cap, or US$4.38m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Reported Earnings • Mar 19
First half 2024 earnings released: AU$0.042 loss per share (vs AU$0.01 loss in 1H 2023) First half 2024 results: AU$0.042 loss per share (further deteriorated from AU$0.01 loss in 1H 2023). Net loss: AU$6.67m (loss widened AU$5.58m from 1H 2023). 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$4.9m 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$4.9m free cash flow). Earnings have declined by 71% per year over the past 5 years. Shareholders have been substantially diluted in the past year (105% increase in shares outstanding). Revenue is less than US$1m (AU$88k revenue, or US$58k). Market cap is less than US$10m (AU$6.62m market cap, or US$4.36m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Annonce • Jan 12
Nickelsearch Limited Announces Resignation of Danielle Muto as Joint Company Secretary NickelSearch Limited announced that Danielle Muto has resigned as joint company secretary due to other work commitments, effective immediately.The Board of NickelSearch would like to thank Mrs. Muto for her long-standing service to the Company and wish her all the best in her future endeavours. Her contribution to the Company during her tenure is both acknowledged and appreciated. Mrs. Foreman will remain in her position of Company Secretary of the Company, and for the purpose of ASX Listing Rule 12.6, the Company wishes to re-confirm that Mrs. Foreman will bethe person responsible for communications between the Company and the ASX. Annonce • Dec 13
NickelSearch Limited (ASX:NIS) entered into a Binding Agreement to acquire Exploration Licenses E 74/719, E 74/744, E 74/743, E 74/762 and Prospecting License P 74/387 for AUD 1.4 million. NickelSearch Limited (ASX:NIS) entered into a Binding Agreement to acquire Exploration Licenses E 74/719, E 74/744, E 74/743, E 74/762 and Prospecting License P 74/387 for AUD 1.4 million on December 12, 2023. Under the terms of transaction, AUD 1.2 million of Upfront share consideration and AUD 0.25 million of Deferred share consideration will be paid. Board Change • Nov 29
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). MD & Director Nicole Duncan is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Chair Mark Connelly was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annonce • Nov 24
NickelSearch Limited Announces Norm Taylor Resigns as A Non-Executive Director from the Board NickelSearch Limited announced that Norm Taylor has resigned as a non-executive director from the Board effective immediately. Norm Taylor steps down as a non-executive director but remains as a Special Advisor to the Board, as Norm continues to oversee critical Ravensthorpe stakeholder negotiations. New Risk • Oct 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% 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$4.9m free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m (AU$42k revenue, or US$26k). Market cap is less than US$10m (AU$8.18m market cap, or US$5.16m). Annonce • Oct 20
Nickelsearch Limited Announces Resignation of Paul Bennett as Non Executive Director NickelSearch Limited announced that Paul Bennett has resigned as a non-executive director from the Board effective immediately. Annonce • Oct 05
NickelSearch Limited, Annual General Meeting, Nov 20, 2023 NickelSearch Limited, Annual General Meeting, Nov 20, 2023. Reported Earnings • Oct 01
Full year 2023 earnings released: AU$0.02 loss per share (vs AU$0.022 loss in FY 2022) Full year 2023 results: AU$0.02 loss per share. Net loss: AU$2.08m (loss widened 10% from FY 2022). New Risk • Sep 25
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 (40% average weekly change). Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m (AU$22k revenue, or US$14k). Market cap is less than US$10m (AU$6.83m market cap, or US$4.40m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$4.8m). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (34% increase in shares outstanding). New Risk • Sep 09
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 (32% average weekly change). Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m (AU$22k revenue, or US$14k). Market cap is less than US$10m (AU$4.88m market cap, or US$3.11m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$4.8m). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (34% increase in shares outstanding). New Risk • Jul 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 34% 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 Shares are highly illiquid. Earnings have declined by 50% per year over the past 5 years. Revenue is less than US$1m (AU$22k revenue, or US$15k). Market cap is less than US$10m (AU$7.51m market cap, or US$5.01m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$4.8m). Shareholders have been diluted in the past year (34% increase in shares outstanding). Board Change • Jun 13
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Norm Taylor is the most experienced director on the board, commencing their role in 2004. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annonce • May 19
NickelSearch Limited, Annual General Meeting, Jun 19, 2023 NickelSearch Limited, Annual General Meeting, Jun 19, 2023, at 09:00 W. Australia Standard Time. Location: Registered Office of the Company, Suite 14, 92 Walters Drive, Osborne Park Osborne Park Western Australia Australia Agenda: To consider Election of Director Mr Mark Connelly; to consider Election of Director Ms Lynda Burnett; to consider Approval to issue Director Options; to consider Approval to issue Underwriter Options; to consider Ratification of agreement to issue Lead Manager Options; and to consider other matters. Board Change • May 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Non-Executive Director Norm Taylor is the most experienced director on the board, commencing their role in 2004. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 11
First half 2023 earnings released: AU$0.01 loss per share (vs AU$0.014 loss in 1H 2022) First half 2023 results: AU$0.01 loss per share. Net loss: AU$1.09m (loss widened 1.1% from 1H 2022). Annonce • Feb 08
NickelSearch Limited Announces Completion of Geochemical Targeting At B1 and Serendipity Greenfields Targets NickelSearch Limited announced that a soil sampling program has been completed across high priority greenfields exploration targets, B1 and Serendipity, within the Company's Carlingup Nickel Sulphide Project near Ravensthorpe, Western Australia. The soil sampling program will be used in combination with historical drill hole nickel sulphide intercepts and magnetic surveys to plan the maiden drill program, scheduled to commence in H1 CY2023. A field crew of staff from XM Logistics conducted the systematic soil sampling program over the Serendipity and B1 areas. The soil sampling program covers areas of strong magnetic response over the north-western end of the Cordingup Range trend and compliments historic nickel sulphide intercepts, including: RAVC0162: 6m at 1.0% Ni and 0.05% Co from 157m; and DDHB1010: 4.57m at 1.1% Ni and 0.06% Co from 193m. Only one historical RC drill hole has been drilled at Serendipity which failed to test the basal ultramafic contact. Given its size this target area is effectively untested. Recent mapping has identified that the magnetic highs coincide with thick ultramafic units, and the presence of banded iron formations locally means that there is an available sulphur source. These are some of the main ingredients for the production of nickel sulphides. This program completes the soils coverage on 100% NickelSearch-owned tenements and extends onto those owned by Medallion Metals where NickelSearch hold the rights to nickel, cobalt and platinum group metals. The samples have been dispatched to LabWest, with the results expected six to eight weeks from delivery. The results from these soils and the historic work will underpin maiden drill programs at B1 and Serendipity, in addition to high priority greenfields targets at Wadley, Lipple and John Ellis West. Annonce • Feb 04
NickelSearch Limited Announces Nickel Sulphides Intersected at Regional Sexton Prospect NickelSearch Limited advised that a Reverse Circulation (RC) drill program has been successfully completed at the Company's Carlingup Nickel Sulphide Project near Ravensthorpe, Western Australia. Drilling focussed on geochemical and geophysical anomalies at three high priority target areas at Javelin,Sexton and RAV8 South. NickelSearch, advised by Newexco and with Strike Drilling as the drilling contractor, has successfully completed its ten- hole RC program, testing targets at Sexton, Javelin and RAV8 South. Ten holes were completed for 1,357m, with each 1m composite being sent for assay at Intertek. Results are expected in 4-6 weeks. The Sexton prospect is of interest due to a single historic intersection in hole RVD01015, which recorded 2.2m @ 1.2 % Ni and 0.17% Cu from 98.1m as well as anomalism from soil assays and magnetic surveys. Of the four holes targeting the Sexton area, three intersected Ni-bearing (pyrrhotite dominant) sulphides at the target horizon, including 6m of massive and matrix sulphides from 149m in 23NRC012 (assay results pending). The logging of this hole shows it is similar to RVD01015. The results of the DHEM and assays are eagerly awaited to plan drilling to follow the thickening nickel sulphide intervals. The drilling was planned based upon this apparent plunge and the previous hole RVD01015. Hole 23NRC009 intersected fresh massive nickel sulphides at a shallow depth of 39m, indicating that the mineralisation may outcrop further to the west. Hole 23NRC010 likely passed above the plunge, although it also intersected very different geology at the target depth to the other holes; a more layered-looking ultramafic body. Holes 23NRC011 and 23NRC012 both intersected the Ni-bearing mineralisation at the approximate target depth. Most holes were collared in basalt, with some having some siliciclastic sediment as well. A series of thin layers of komatiite and komatiitic basalt followed with a thin interval, typically only 1m, of disseminated to massive Ni-bearing sulphides at the base of these ultramafics immediately above a thick magnetite banded iron formation (BIF) unit. The main targets were immediately below the BIF, with 0 - 2m of ultramafic before 1 - 6m of massive and matrix nickel- bearing sulphides. The mineralisation was generally followed by another chert /BIF unit; meaning the nickel sulphides are sandwiched between two sediments. With the vein and quartz material, this possibly means some remobilisation has squeezed the sulphides into this location. Further ultramafics are present below this sediment. The "footwall" is variable with a variety of lithologies in the different holes including a detrital sandstone, felsic volcanics and further ultramafics, and further massive pyrite, chert, quartz veining. Mineralisation in the Carlingup area appears to form in distinct and relatively narrow channels, presumably eroded intothe underlying sediment as the magma flowed over it. The nickel sulphide mineralisation is therefore in the same plane as weakly to moderately conductive sulphidic sediments. The presence of a strong conductor within a broader weakly conductive horizon is what would be predicted by using this model of nickel-sulphide deposit formation. Five holes were drilled at Javelin to follow up on the DHEM conductors (plates) from the October drilling, and the broader geochemical anomalism in the area. Two holes were planned to intersect a high conductance plate of 18,000 S, which is consistent with the expected response of a massive sulphide body within a channel, while three holes tested areas of elevated soil geochemistry. The drilling showed either a number of layers, or one relatively thick layer, of pyrrhotite and pyrite with very little nickel detected. It appears that the high conductance plate was generated by the pyrrhotite. 