Board Change • May 01
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. 5 non-independent directors. Independent Non-Executive Director Stephen Layton was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Mar 24
EQ Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 34 million. EQ Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 34 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 670,000,000
Price\Range: AUD 0.05
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.001
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
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. 4 non-independent directors. Independent Non-Executive Director Stephen Layton was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Dec 05
EQ Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 34 million. EQ Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 34 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 670,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.001
Transaction Features: Subsequent Direct Listing Annonce • Oct 27
EQ Resources Limited, Annual General Meeting, Nov 27, 2025 EQ Resources Limited, Annual General Meeting, Nov 27, 2025. Annonce • Sep 03
EQ Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 22.5 million. EQ Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 22.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 570,245,602
Price\Range: AUD 0.032
Discount Per Security: AUD 0.00192
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 132,879,398
Price\Range: AUD 0.032
Discount Per Security: AUD 0.00192
Transaction Features: Subsequent Direct Listing New Risk • Aug 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% 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 60% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$111.3m market cap, or US$72.5m). Board Change • Aug 18
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. 4 non-independent directors. Independent Non-Executive Director Stephen Layton was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jul 08
EQ Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. EQ Resources 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: 114,285,719
Price\Range: AUD 0.035
Discount Per Security: AUD 0.0021
Transaction Features: Subsequent Direct Listing Annonce • Jun 30
EQ Resources Limited Announces Retirement of Mr. Richard Morrow as Non-Executive Director, Effective 30 June 2025 EQ Resources Limited announced that Mr. Richard Morrow has notified the Board of his decision to retire as a Non-Executive Director, effective 30 June 2025. Mr. Morrow has served on the Board since March 2021, contributing more than four years of dedicated service to the Company. During his tenure, Mr. Morrow has played a valuable role in supporting the Company's strategic direction and governance framework. Annonce • May 05
EQ Resources Limited Appoints Jonathan Kort as Chief Financial Officer, Effective June 1, 2025 EQ Resources Limited announced the appointment of Mr. Jonathan ("Jono") Kort as Chief Financial Officer commencing June 1, 2025. As CFO, Jono will be responsible for all finance, investor relations, treasury, capital management, strategic planning, tax, risk management, and governance matters, ensuring that the financial operations of the Company support the delivery of EQR's strategic plans and initiatives. Jono will also be a member of EQR's Global Leadership Team. Jono is an experienced global executive whose career has spanned listed and private companies in resources and infrastructure. His most recent roles include Chief Development Officer ("CDO") and CFO at PanAust Limited. Jono has held several financial, commercial, and risk management leadership roles at BHP, Coronado Global Resources, and Wiggins Island Coal Export Terminal. Jono has worked for more than 20 years in the mining industry across several commodities and jurisdictions. Jono is a Chartered Accountant Australia and New Zealand and holds a Master of Science in Mineral Economics. Annonce • Apr 01
Oliver Kleinhempel Accept the Role of Executive Chairman of EQ Resources Limited from 1 April 2025 EQ Resources Limited announced that current Non-Executive Chairman, Mr. Oliver Kleinhempel, has agreed to accept the role of Executive Chairman from 1 April 2025. This appointment has been made on an interim basis until a new CEO/MD is appointed at which time it is intended that the Chairman's role reverts to a Non-Executive position. Mr. Kleinhempel has made a significant contribution to the strategic direction of EQR since 2019 and his vision has enabled the development of Mt Carbine into an operating mine and the acquisition of the Saloro operation in Spain. In his role as Executive Chairman, Mr. Kleinhempel's main responsibilities will include directing strategy and capital management as well as his existing Board responsibilities. New Risk • Feb 05
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 18% 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 (18% average weekly change). Earnings have declined by 56% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (AU$98.1m market cap, or US$61.6m). Board Change • Feb 04
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 Richard Morrow was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jan 22
EQ Resources Limited Announces Resignation of Andrew Mooney as Chief Financial Officer, Effective 3 February 2025 EQ Resources Limited advised that Mr. Andrew Mooney has tendered his resignation as Chief Financial Officer with the Company to pursue a new opportunity. Andrew's last day with the Company will be 3 February 2025. As previously announced, the Board of Directors has commenced a process to build further leadership capacity within the management team and Board, with the aim to add further industry competencies and to improve oversight of the Company's operational strategies and growth initiatives. The Company will keep its shareholders and the market informed as it progresses with the appointment of a new CFO. During the transition the Company has sufficient resources to cover Andrew's duties and progress its operational programs both in Spain and Australia. Board Change • Dec 31
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 Richard Morrow was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Dec 13
EQ Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.9 million. EQ Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 122,500,000
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Nov 18
EQ Resources Limited (ASX:EQR) executed a binding Heads of Agreement to acquire Tungsten Metals Group Limited. EQ Resources Limited (ASX:EQR) executed a binding Heads of Agreement to acquire Tungsten Metals Group Limited on November 18, 2024. The consideration consists of common equity of EQ Resources Limited to be issued for common equity of Tungsten Metals Group Limited. A cash consideration will be paid by EQ Resources Limited. EQR has determined that the enterprise value of TMG Group(Asia Tungsten Products Co Ltd and Tungsten Metals Group Limited) is AUD 13.5 million, inclusive of the Acquisition Shares and inclusive of liabilities as of the date of the HoA. Subject to the satisfaction of Conditions Precedent and any applicable adjustments, at closing of the Transaction, EQR has agreed to issue an estimated 170 million new fully paid ordinary EQR shares and make payment of an estimated AUD 2.5 million in cash.
The transaction is subject to approval of merger agreement by target board, approval of offer by target shareholders and consummation of due diligence investigation. The deal has been unanimously approved by the board. The transaction is expected to be completed in the first half of 2025. Annonce • Oct 29
EQ Resources Limited, Annual General Meeting, Nov 29, 2024 EQ Resources Limited, Annual General Meeting, Nov 29, 2024. Reported Earnings • Oct 01
Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.003 loss in FY 2023) Full year 2024 results: AU$0.001 loss per share. Revenue: AU$30.3m (up 490% from FY 2023). Net loss: AU$28.3m (loss widened AU$24.5m from FY 2023). New Risk • Aug 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% 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 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$7.2m revenue, or US$4.8m). Market cap is less than US$100m (AU$78.3m market cap, or US$51.9m). New Risk • Jul 31
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% 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 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$7.2m revenue, or US$4.7m). Market cap is less than US$100m (AU$97.5m market cap, or US$63.3m). Annonce • May 22
EQ Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 9.5 million. EQ Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 9.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 211,111,111
Price\Range: AUD 0.045
Discount Per Security: AUD 0.0027
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Mar 21
New major risk - Revenue and earnings growth Earnings have declined by 45% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Revenue is less than US$5m (AU$7.2m revenue, or US$4.7m). Market cap is less than US$100m (AU$90.8m market cap, or US$59.8m). Reported Earnings • Mar 19
First half 2024 earnings released: AU$0.005 loss per share (vs AU$0.003 loss in 1H 2023) First half 2024 results: AU$0.005 loss per share (further deteriorated from AU$0.003 loss in 1H 2023). Revenue: AU$6.65m (up 45% from 1H 2023). Net loss: AU$7.81m (loss widened 116% from 1H 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Mar 16
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$12m This is considered a minor 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$12m). Shareholders have been diluted in the past year (27% increase in shares outstanding). Revenue is less than US$5m (AU$7.2m revenue, or US$4.7m). Market cap is less than US$100m (AU$94.5m market cap, or US$62.0m). Board Change • Jan 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 Richard Morrow was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Jan 19
EQ Resources Limited Announces the Appointment of Stephen Weir as Non-Executive Director of the Company EQ Resources Limited announced the appointment of experienced mining company director and mining finance executive Mr. Stephen Weir as non-executive director of the Company. The appointment was agreed between the Company and funds managed by Oaktree Capital Management, L.P. ("Oaktree"), as part of the $25 million investment in EQR by Oaktree. Mr. Weir will join the board as Oaktree's nominee director, and will also be appointed as chair of the audit and risk committee. As Oaktree's nominee director Mr. Weir's compensation is covered by Oaktree. Mr. Weir is a former Chief Executive Officer of Magnetite Mines Ltd. Mr. Weir's prior fields of expertise and senior executive roles span the mining, industrial services, energy and infrastructure sectors. He had a 20-year career in corporate advisory with RFC Ambrian where he was a Managing Director, preceded by project finance (Bankers Trust), general management (Brambles) and construction management (John Holland Engineering). Mr. Weir is a Sydney-based Senior Adviser and Advisory Board Member with GBA Capital and maintains membership of the Australian Institute of Company Directors. Annonce • Jan 18
EQ Resources Limited Appoints Stephen Robert Weir as Director EQ Resources Limited announced the appointment of Stephen Robert Weir as director. Date of appointment is 18 January 2024. Annonce • Sep 29
EQ Resources Limited, Annual General Meeting, Nov 29, 2023 EQ Resources Limited, Annual General Meeting, Nov 29, 2023, at 15:00 E. Australia Standard Time. Reported Earnings • Sep 29
Full year 2023 earnings released: AU$0.003 loss per share (vs AU$0.005 loss in FY 2022) Full year 2023 results: AU$0.003 loss per share (improved from AU$0.005 loss in FY 2022). Revenue: AU$13.1m (up 222% from FY 2022). Net loss: AU$3.72m (loss narrowed 39% from FY 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. 
