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. No highly experienced directors. Independent Non-Executive Director David Crook is the most experienced director on the board, commencing their role in 2025. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
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. No highly experienced directors. Independent Non-Executive Director David Crook is the most experienced director on the board, commencing their role in 2025. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annonce • Oct 06
Gateway Mining Limited, Annual General Meeting, Nov 24, 2025 Gateway Mining Limited, Annual General Meeting, Nov 24, 2025. Annonce • Sep 24
Gateway Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 22.5 million. Gateway Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 22.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 378,636,363
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,454,546
Price\Range: AUD 0.055
Discount Per Security: AUD 0.0033
Transaction Features: Subsequent Direct Listing Annonce • Aug 19
Gateway Mining Limited (ASX:GML) completed the acquisition of Yandal Project from Strickland Metals Limited (ASX:STK). Gateway Mining Limited (ASX:GML) entered into a binding asset sale agreement to acquire Yandal Project from Strickland Metals Limited (ASX:STK) for AUD 40.5 million on June 30, 2025. The consideration consists of 1.5 billion convertible preferred equity of Gateway Mining Limited to be issued for assets of Yandal Project. As part of consideration, AUD 40.5 million is paid towards assets of Yandal Project. The Gateway Mining Limited convertible preferred shares are convertible preference shares with limited voting rights which will automatically convert into fully paid ordinary shares in Gateway on a one for one basis.
The transaction is subject to approval of offer by shareholders of Gateway Mining Limited and Strickland Metals Limited,third party approval and is expected to be complete by the second half of August, 2025.
Longreach Capital Pty. Ltd. acted as financial advisor for Strickland Metals Limited. Hamilton Locke Pty Ltd acted as legal advisor for Strickland Metals Limited.
Gateway Mining Limited (ASX:GML) completed the acquisition of Yandal Project from Strickland Metals Limited (ASX:STK) on August 19, 2025. Annonce • Jul 02
Gateway Mining Limited (ASX:GML) entered into a binding asset sale agreement to acquire Yandal Project from Strickland Metals Limited (ASX:STK) for AUD 40.5 million. Gateway Mining Limited (ASX:GML) entered into a binding asset sale agreement to acquire Yandal Project from Strickland Metals Limited (ASX:STK) for AUD 40.5 million on June 30, 2025. The consideration consists of 1.5 billion convertible preferred equity of Gateway Mining Limited to be issued for assets of Yandal Project. As part of consideration, AUD 40.5 million is paid towards assets of Yandal Project.
The transaction is subject to approval of offer by shareholders of Gateway Mining Limited and Strickland Metals Limited and third party approval needed.
Longreach Capital Pty. Ltd. acted as financial advisor for Strickland Metals Limited. Hamilton Locke Pty Ltd acted as legal advisor for Strickland Metals Limited. Annonce • Mar 31
Gateway Mining Limited Provide an Update on Recent Exploration Programs Across the its Highly Prospective Barrelmaker Gold Project in WA Gateway Mining Limited provided an update on recent exploration programs across the Company's highly prospective Barrelmaker Gold Project in WA. The Barrelmaker Gold Project is located in the Sandstone region of Western Australia. The project, covering an area of 488km2, represents a large-scale exploration opportunity with demonstrated gold endowment, encompassing more than 80km of prospective strike extent within the Gum Creek Greenstone Belt. This represents one of the largest consolidated land holdings across the Sandstone region. The Project has been the subject of historical exploration, however, past drilling is considered to have been sub-optimal to test the mineralisation and historical results have only now been fully compiled. This recent work consolidates the regional scale datasets and allows for ongoing systematic assessment and targeting ahead of future planned air-core drilling programs. The new survey data has covered key areas of the Barrelmaker Gold Project that were previously only covered by low-resolution regional magnetic survey data. This now completes the full-high resolution coverage across the project and forms a core dataset for ongoing programs of exploration. A 2,016-sample systematic geochemical sampling program has been completed on a 200m x 100m grid over a 22km strike of the greenstone scale Youno Fault. Samples have been submitted to the laboratory and results are awaited. The Youno Fault is a major NE-SW trending structural system that extends over at least 22km within the Barrelmaker Project area. The interpreted intersection of the Youno Fault with the Gidgee Shear Zone is marked by the multi-million-ounce Swan-Swift Gold System. The Youno Fault system has not had any systematic programs of exploration and remains substantially untested. Historical drilling has identified a series of highly prospective targets across the Barrelmaker Project . In order to develop a better understanding of these targets, a program of field work that focused on mapping structural controls and regolith characterisation was undertaken. The results of this assessment can now be used to better assess the next phase of exploration at each of these targets. Ongoing programs of exploration will includes Integration and modelling of this new high-quality airborne magnetic and geochemical survey data. Integration of the recently collected structural data into the current target pipeline. Generation of new targets utilising these new high-quality data sets. Programs of soil sampling. The priority area will be across the Youno Fault. In-fill airborne magnetic surveying to provide full coverage of high-quality, detailed data. Planning of next stage programs of exploration. New Risk • Dec 28
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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.2m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$8.70m market cap, or US$5.41m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). 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. 2 non-independent directors. Independent Non-Executive Director Peter Lester 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. Annonce • Oct 28
Gateway Mining Limited, Annual General Meeting, Nov 28, 2024 Gateway Mining Limited, Annual General Meeting, Nov 28, 2024. Location: at dexus place perth, level 16, 240 st georges terrace, perth wa 6000. Australia New Risk • Sep 29
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 Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (AU$39k revenue, or US$27k). Market cap is less than US$10m (AU$9.49m market cap, or US$6.55m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (48% increase in shares outstanding). 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 Peter Lester 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. Board Change • Mar 28
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 Peter Lester 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. 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$3.7m 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$3.7m free cash flow). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (AU$45k revenue, or US$30k). Market cap is less than US$10m (AU$9.67m market cap, or US$6.40m). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). Board Change • Jan 05
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 Peter Lester 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. Annonce • Nov 02
Gateway Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.547878 million. Gateway Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.547878 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 70,358,083
Price\Range: AUD 0.022
Discount Per Security: AUD 0.00132
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Oct 28
Gateway Mining Limited, Annual General Meeting, Nov 29, 2023 Gateway Mining Limited, Annual General Meeting, Nov 29, 2023, at 12:00 W. Australia Standard Time. Location: Automic Group, Level 5 191 St Georges Terrace Perth Western Australia Australia Agenda: To consider the Financial Reports of the Company for the financial year ended 30 June 2023, together with the declaration of Directors, the Remuneration Report and the Report of the Directors and the Auditor, which relate to the Financial Reports; to consider adoption of the Company's Remuneration Report; to consider issue of Equity Securities up to 10% of the issued capital of the Company; and to consider other matters. New Risk • Sep 30
New major risk - Revenue and earnings growth Earnings have declined by 16% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.0m free cash flow). Shares are highly illiquid. Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m (AU$57k revenue, or US$36k). Market cap is less than US$10m (AU$7.72m market cap, or US$4.97m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Board Change • Sep 25
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 Peter Lester 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. Annonce • Feb 16
Gateway Mining Limited Announces 2023 Exploration Program Commences at Montague Gold Project Gateway Mining Limited announced that exploration staff have mobilized to the 526,000oz Montague Gold Project, located in the Murchison Gold District of Western Australia, for the commencement of the company's 2023 exploration program. This program is aimed at delivering step-change discoveries across the Montague Project, as outlined in the ASX Release dated 25 January 2023, comprising three main components: Continued exploration for new shallow oxide deposits within 5km of the existing Mineral Resources. Exploration of large-scale targets already identified by work completed to date, including the depth extensions of known mineralised structures; and Identification of highly prospective un-explored targets within the broader Project tenure. Initial field programs planned for the March Quarter of 2023 include a Reverse Circulation drill program targeting the delineation of further shallow oxide-zone hosted gold below the historical Caledonian open pit, as well as a major soil geochemical sampling program across broad areas of the Montague North target area. In late 2022, exploration completed below the historical Caledonian open pit intersected Montague-Boulder style mineralisation at depth below the transitional depletion zone. This structure is completely open for over 1km, and has only been tested to date by two holes, which returned 2: GRC1005: 13m @ 1.4g/t Au from 101m, including 2m @ 6.4g/t Au. GRC912: 18m @ 0.5g/t Au from 106m. The Montague North target area lies along strike from Gateway's existing Mineral Resources and along with several other existing deposits, this host structure has a combined current endowment of over 1Moz Au. However, broad areas of this mineralised structural trend north of the Montague Granodiorite is under transported cover and remains largely unexplored by modern exploration methods. Several exciting historical intersections along this major mineralised trend remain to be followed-up, including: TTR0944: 4m @ 10g/t Au from 32m (EOH intercept). TTRC439: 12m @ 1.0g/t Au from 76m. As an initial step in the exploration of this new target area, a broad soil geochemical sampling program will be completed, covering over 20km of strike along the highly prospective Tokay Shear Zone. This first-pass sampling program will be used to identify prospective targets along this extensive structure that can be investigated via scout drilling programs during the June Quarter of 2023. Annonce • Feb 09
DiscovEx Resources Limited and Gateway Mining Limited Announce Assay Results from Spartan Prospect DiscovEx Resources Limited announced that all composite assay results have been returned from a total of 188 AC holes completed at the Spartan Prospect, part of an 80:20 joint venture with Gateway Mining Limited The first pass reconnaissance drilling was completed in two phases, consisting of 37 holes within phase one and 151 holes in phase two. Both phases were designed to test down to the fresh bedrock interface beneath and along strike of a 1.3km long +50ppb gold in soil anomaly. Single metre re-splits have also been received from anomalous (>0.1g/t Au) composite samples taken as part of phase one drilling. Results have confirmed bedrock gold mineralisation has been intersected with significant results of 4m at1.24g/t Au from 82m, including 1m at 3.42g/t Au from 82m (SPAC016), 1m at 1.35g/t Au from 62m (SPAC128) and 1m at 1.06g/t Au from 74m (SPAC026). The elevated bedrock results have highlighted three high priority target areas including two coherent structural zones of anomalous (>0.1g/t Au) bedrock gold defined over strike lengths of approximately 650m. Together with the bedrock mineralisation, significant gold has also been intersected within transported overburden with best results of 8m at 1.64g/t Au from 29m including 4m at 2.82g/t Au from 32m (SPAC017). The relationship between the significant accumulation of gold in transported cover and the bedrock gold at Spartan has not yet been resolved, however the identification of gold within sheared, altered bedrock is encouraging and provides targets for further follow up. Confirmation of the extensive and significant accumulation of near surface gold at Spartan and the bedrock mineralisation beneath it highlights the broader prospectivity of the project area. Aircore Drilling: A total of 188 aircore holes (both phase 1 and phase 2) were completed at the Spartan Prospect, for a total of 12,906m with drilling aimed at testing beneath and adjacent to the footprint of a high priority surface gold anomaly. Drilling was completed on 200m spaced lines, traversing the original soil anomaly on 100m and 50m centres to ensure sufficient coverage was achieved. Additional holes were also completed between the Spartan anomaly and the Falcon and Hercules anomalies to test a paleo-topographic high modelled from drill information. Significant bedrock and transported intersections (>0.1g/t Au). Weathered bedrock mineralisation:1m at 3.42g/t Au from 82m within 4m at1.24g/t Au from 82m (SPAC016); 1m at 1.35g/t Au from 62m - EOH (SPAC128), 1m at 1.06g/t Au from 74m (SPAC026), 1m at 0.63g/t Au from 83m - EOH within 4m at 0.42g/t Au from 80m (SPAC150), 2m at 0.24g/t Au from 60m - EOH (SPAC042), 9m at 0.18g/t Au from 60m - EOH (SPAC130), 4m at 0.11g/t Au from 72m (SPAC096). Transported mineralisation:1m at 4.82g/t Au from 35m within 8m at 1.64g/t Au from 29m (SPAC017), 1m at 2.00g/t Au from 32m within 6m at 1.24g/t Au from 29m (SPAC029), 4m at 0.94g/t Au from 32m within 8m at 0.58g/t Au from 28m (SPAC135), 4m at 0.75g/t Au from 28m (SPAC136), 4m at 0.24g/t Au from 24m (SPAC057), 4m at 0.18g/t Au from 36m (SPAC077), 4m at 0.20g/t Au from 28m (SPAC094). 4m at 0.12g/t Au from 40m (SPAC134). TARGETS: Spartan West and East: These two target areas are located beneath the original Spartan soil anomaly, and both have been defined over strike lengths of approximately 650m. The western trend (oriented north-west) is centred on an amphibolite unit with significant intersections returned including 1m at 1.35g/t Au (SPAC128) and 9m at 0.18g/t Au (SPAC130). Both intersections were anomalous to the end of hole, sheared and are spatially associated with an interpreted fold closure of the amphibolite. This unit also has an elevated copper association up to 0.13% Cu. The geological and structural complexity of the target area is encouraging and given the mineralisation is present close to the fresh rock interface, suggests this has a higher potential of being proximal to a primary source rather than being supergene related. Annonce • Jan 25
Gateway Mining Limited to Target Step-Change Discoveries Across the Montague Project in New Exploration Push Gateway Mining Limited announced to focus exploration in 2023 with a view to accelerating growth in its under-explored 526,000oz Montague Gold Project in Western Australia by making step-change discoveries. A major Project-wide structural and geochemical compilation and targeting study underway utilising consultants Model Earth Pty Ltd. This study is geared towards understanding key controls and relationships between the existing deposits, as well as making major new discoveries across the 1,000km2 tenement package. Deeper exploration will target prospective zones below existing Mineral Resources, with geophysical seismic surveys to be used to focus deep diamond drilling. New targets to be generated in highly prospective, under-explored regions of the Project, where untested historic gold intersections include: TTR0944: 4m @ 10g/t Au from 32m - Montague North; TTRC439: 12m @ 1.0g/t Au from 76m - Montague North; 3660/1472: 11m @ 4.5g/t Au from 58m - Montague West; GRB660: 22m @ 2.3g/t Au from 61m - Montague West; GRB619: 13m @ 2.2g/t Au from 50m - Montague West; 3660/1488: 9m @ 2.0g/t Au from 21m - Montague West; WRC04: 23m @ 1.0g/t Au from 41m - Montague West. Exploration activities for 2023 to include: Continued exploration for shallow oxide zone deposits, including follow-up on recent RC drilling at Caledonian and Achilles East. Commissioning a 16 line-km seismic survey to enable understanding of key mineralised structures below current deposits and allow for targeting of deep diamond drilling. Undertaking large-scale geochemical and scout drilling programs to test new targets generated on the broader tenement package. Both the remnant Resources around the historic pits and the new discoveries show that the Montague Gold Project is part of a major gold mineralised system with significant potential for growth. The work undertaken by Gateway to date has been instrumental in understanding the geological controls on the mineralisation present within the historic pits, and the application of that knowledge in exploring for new deposits. On the back of this success, the Company is embarking on an ambitious exploration strategy in 2023 to evaluate the full potential of the 1,000km2 tenure that comprises the Montague Gold Project. This strategy will comprise three main components: Continued exploration for new shallow oxide deposits within 5km of the existing Mineral Resources. Exploration of large-scale targets already identified by work completed to date, including the depth extensions of known mineralised structures; and Identification of highly prospective un-explored targets within the broader Project tenure. Gateway's exploration process to date has been highly successful, with several new discoveries made in the 5km radius around historic open pit mining activities and the delineation of 526,000oz Au in Mineral Resources. These activities have demonstrated the large gold system that exists around the Montague Granodiorite. Work during 2023 will continue to build on this knowledge, with a view to making further shallow oxide discoveries within this 5km radius, and will be crucial in building a critical mass of shallow, oxide zone Mineral Resources in excess of 800,000ozs to allow for evaluation of the economic potential for the Project. Board Change • Nov 16
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. Additional Independent Non-Executive Director Peter Lester 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. Board Change • Oct 11
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 Peter Lester 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. Board Change • Apr 28
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 Director Debbie Fullarton was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 02
Non-Executive Chairman recently bought AU$60k worth of stock On the 25th of February, Trent Franklin bought around 5m shares on-market at roughly AU$0.012 per share. In the last 3 months, they made an even bigger purchase worth AU$232k. Trent has been a buyer over the last 12 months, purchasing a net total of AU$392k worth in shares. Recent Insider Transactions • Dec 22
Non-Executive Chairman recently bought AU$232k worth of stock On the 17th of December, Trent Franklin bought around 14m shares on-market at roughly AU$0.017 per share. This was the largest purchase by an insider in the last 3 months. Trent has been a buyer over the last 12 months, purchasing a net total of AU$332k worth in shares. Recent Insider Transactions • Jul 07
Non-Executive Chairman recently bought AU$80k worth of stock On the 2nd of July, Trent Franklin bought around 4m shares on-market at roughly AU$0.02 per share. This was the largest purchase by an insider in the last 3 months. This was Trent's only on-market trade for the last 12 months. Executive Departure • Jun 02
Executive Chairman Peter Langworthy has left the company On the 25th of May, Peter Langworthy's tenure as Executive Chairman ended after less than a year in the role. As of March 2021, Peter personally held 77.03m shares (AU$770k worth at the time). Peter is the only executive to leave the company over the last 12 months.