Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chair Kath Bozanic was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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 Chair Kath Bozanic was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chair Kathleen Bozanic was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Sep 25
WA1 Resources Ltd, Annual General Meeting, Nov 20, 2025 WA1 Resources Ltd, Annual General Meeting, Nov 20, 2025. Annonce • Aug 22
WA1 Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 100.000001 million. WA1 Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 100.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,882,353
Price\Range: AUD 17
Discount Per Security: AUD 0.85
Transaction Features: Subsequent Direct Listing Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chair Kathleen Bozanic was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Aug 15
WA1 Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 100.000001 million. WA1 Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 100.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,882,353
Price\Range: AUD 17
Discount Per Security: AUD 0.85
Transaction Features: Subsequent Direct Listing 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 Lee Bowers was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Lee Bowers was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Oct 25
Forecast to breakeven in 2025 The 2 analysts covering WA1 Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$799.6k in 2025. Earnings growth of 67% is required to achieve expected profit on schedule. Annonce • Sep 26
WA1 Resources Ltd, Annual General Meeting, Nov 19, 2024 WA1 Resources Ltd, Annual General Meeting, Nov 19, 2024. Annonce • Jul 18
WA1 Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 60.000004 million. WA1 Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 60.000004 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,529,412
Price\Range: AUD 17
Discount Per Security: AUD 0.85
Transaction Features: Subsequent Direct Listing Annonce • Jul 12
WA1 Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 60.000004 million. WA1 Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 60.000004 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,529,412
Price\Range: AUD 17
Discount Per Security: AUD 0.85
Transaction Features: Subsequent Direct Listing Annonce • Jan 25
WA1 Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 40 million. WA1 Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 40 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,000,000
Price\Range: AUD 10
Discount Per Security: AUD 0.5
Transaction Features: Subsequent Direct Listing Annonce • Jan 18
WA1 Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 40 million. WA1 Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 40 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,000,000
Price\Range: AUD 10
Discount Per Security: AUD 0.5
Transaction Features: Subsequent Direct Listing New Risk • Oct 27
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$5.8m 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$5.8m free cash flow). Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$2.4m net loss in 3 years). Shareholders have been diluted in the past year (27% increase in shares outstanding). Annonce • Oct 24
WA1 Resources Ltd, Annual General Meeting, Nov 27, 2023 WA1 Resources Ltd, Annual General Meeting, Nov 27, 2023, at 10:00 W. Australia Standard Time. Location: BDO, Level 9, Mia Yellagonga Tower 2, 5 Spring Stree Perth Western Australia Australia Agenda: To receive and consider the annual financial report, Directors' report, the remuneration report and auditor's report for the Company and its controlled entities for the year ended 30 June 2023; to consider Adoption of Remuneration Report; to consider Re-election of Director; to consider 10% Placement Facility Listing Rule 7.1A; and to consider Increase of Non-Executive Director Fee Pool. New Risk • Sep 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Annonce • Feb 13
WA1 Resources Ltd Appoints Tom Lyons as Executive Director, Effective 1 March 2023 WA1 Resources Ltd. advised that Non Executive Director Tom Lyons has been appointed Executive Director effective 1 March 2023, to lead the Company's expanding exploration team. Mr. Lyons has international experience in the resources industry covering exploration through to project development. He has broad experience in a range of commodities including industrial and agricultural minerals, precious and base metals, and bulks. Mr. Lyons was most recently Chief Development Officer of Agrimin Limited where he led the acquisition of Agrimin's Mackay Potash Project and was responsible forleading the project through its exploration, feasibility and permitting phases. He is also Managing Director of Tali Resources Pty Ltd. (Tali) which is a 17% shareholder in WA1. Tali is currently undertaking large-scale exploration efforts in the West Arunta region which is subject to a $58.5 million dollar Farm-in and Joint Venture Agreement with Rio Tinto Exploration Pty Ltd. Mr. Lyons holds a Bachelor of Science (Geology) degree from the University of Western Australia, is a Graduate Member of the Australian Institute of Company Directors and is a Member of the Australian Institute of Geoscientists. Annonce • Feb 08
Wa1 Resources Ltd Announces Single Metre Assay Results from Drilling At the Luni Discovery During the Maiden West Arunta Project WA1 Resources Ltd. announced single metre assay results from drilling at the Luni discovery during the maiden West Arunta Project drilling program completed in August 2022. This announcement follows on from the Luni The results provided in this announcement relate to three reverse circulation (RC) drill holes for 803m at the Luni discovery (LURC001, LURC002 and LURC003). All holes were drilled vertically (with LURC001 deviating during drilling) to test the source of the east-west gravity anomaly. The Luni gravity target covers an area of approximately 3km x 1km. All one metre assays from the Luni discovery have now been received and reported, except for Phosphorus assays (for both Luni and P2), which are yet to be reported by the laboratory. Assay results have confirmed that a mineralised carbonatite unit has been intersected, with highly elevated niobium, TREO, tantalum and phosphorus mineralisation encountered in the drill holes (phosphorus confirmed from initial composite assays). Downhole intersections, coupled with available geophysics, suggest the intrusion is present over a lateral extent of at least 1.3km. Orientation of the mineralisation (true and apparent width) is not able to be determined at this stage. The Luni discovery is characterised by a discrete, high amplitude gravity anomaly with limited but semi-coincident magnetic responses occurring to the west and east of the anomaly, and between the west and east drill locations. Luni is located at the intersection of a north-west trending lineament and a regionally significant north-east trending bounding structure (a structural trend which also occurs at the P2 mineralised carbonatite). The significant gravity anomaly at Luni is interpreted and modelled to reflect the denser carbonatite intrusion. No specific gravity data was able to be determined from the RC chip material to verify this hypothesis. An infill gravity survey was completed at Luni in December 2022 and increased gravity station coverage to 100m x 50m. Passive seismic data was also recorded on a 200m x 50m grid. Processing of the passive seismic data is underway, with initial findings suggesting that this geophysical method may be mapping the clay weathering to competent bedrock boundary across the Luni discovery area. The passive seismic results will be integrated with the ground gravity survey results to assist with informing and constraining the gravity interpretation, as well as modelling to assist with target generation and drill planning. In all three drillholes, the geology profile from surface to end of hole consists of shallow (15m thick) tertiary cover, before intersecting the progressively weathered carbonatite. The upper extent of the carbonatite is intensely weathered. It consists of an initial leached clay zone depleted in mineralisation (8-25m thick). This zone transitions sharply into a second moderate to highly weathered zone significantly enriched in niobium, TREO, tantalum and phosphorus, generally representing the best mineralised grades intersected in the drilling to date (from 34m and 30m in LURC001 and LURC002 respectively, from 40m in LURC003). This enriched zone transitions into a less weathered and more competent unit in the weathering sequence. Within this unit there is potential evidence of compositional and mineralogical zonation within the primary carbonatite. Both LURC001 (299m) and LURC003 (216m) terminate in moderately weathered bedrock, which suggests a deep weathering profile across the Luni carbonatite. West Arunta Project - Upcoming Exploration Activity Priority follow-up exploration includes analysis of the regolith geochemistry, along with modelling and interpretation of the gravity and passive seismic data from surveys undertaken in December 2022. The 2023 exploration drill program is planned to initially focus on drilling the Luni discovery on a regular grid spacing to define the carbonatite's lateral extent and to identify any zonation of the mineralisation. Samples will also be collected for preliminary metallurgical testwork. Further drill testing of the mineralised P2 carbonatite, and potentially initial drill testing of some regional targets, is also under assessment. More details will be announced once planning is finalised. Board Change • Nov 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. 3 non-independent directors. Independent Non-Executive Chair Gary Lethridge 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. Board Change • Oct 27
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 Chair Gary Lethridge 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. 
