Board Change • May 20
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 Graham Hardie was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Feb 12
Aeris Resources Limited (ASX:AIS) executed a binding Scheme Implementation Deed to acquire Peel Mining Limited (ASX:PEX) from Perth Capital Pty Ltd and others for approximately AUD 160 million. Aeris Resources Limited (ASX:AIS) executed a binding Scheme Implementation Deed to acquire Peel Mining Limited (ASX:PEX) from Perth Capital Pty Ltd and others for approximately AUD 160 million on February 12, 2026. The consideration consists of common equity of Aeris Resources Limited at a ratio of 0.3363 per common equity of Peel Mining Limited. The consideration consists of options of Aeris Resources Limited having a value of AUD 3.19 million to be issued for options of Peel Mining Limited. As part of consideration, AUD 164 million is paid towards common equity and AUD 3.19 million is paid towards options of Peel Mining Limited. In a related transaction, Peel Mining Limited will also undertake a demerger of its remaining precious and base metals assets in the Cobar Basin.
The transaction is subject to subject to approval by Supreme Court of New South Wales and Federal Court Of Australia, approval by regulatory board / committee, ASX Limited and Australian Securities and Investments Commission, approval of merger agreement by target board, approval of offer by target shareholders and completion of the demerger transaction. The deal has been unanimously recommended by the board of Aeris Resources Limited. The expected completion of the transaction is in mid to late June 2026.
Euroz Hartleys Limited and Sternship Advisers Pty Ltd. acted as financial advisor for Peel Mining Limited. Jefferies Pty Ltd acted as financial advisor for Aeris Resources Limited. HopgoodGanim acted as legal advisor for Aeris Resources Limited. Hamilton Locke Pty Ltd acted as legal advisor for Peel Mining Limited. Annonce • Nov 28
Peel Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 16.25 million. Peel Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 16.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 120,000,000
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 58,823,529
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,352,942
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Transaction Features: Subsequent Direct Listing Annonce • Oct 23
Peel Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 5.000079 million. Peel Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 5.000079 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 58,824,455
Price\Range: AUD 0.085 Annonce • Oct 01
Peel Mining Limited, Annual General Meeting, Nov 17, 2025 Peel Mining Limited, Annual General Meeting, Nov 17, 2025. Annonce • Oct 02
Peel Mining Limited, Annual General Meeting, Nov 27, 2024 Peel Mining Limited, Annual General Meeting, Nov 27, 2024. Reported Earnings • Sep 26
Full year 2024 earnings released: AU$0.005 loss per share (vs AU$0.003 loss in FY 2023) Full year 2024 results: AU$0.005 loss per share (further deteriorated from AU$0.003 loss in FY 2023). Net loss: AU$2.70m (loss widened 82% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 26% per year. New Risk • Sep 15
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 (14% average weekly change). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (AU$720 revenue, or US$483). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (€40.4m market cap, or US$44.8m). New Risk • Apr 05
New major risk - Revenue and earnings growth Earnings have declined by 13% 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (AU$720 revenue, or US$474). Minor Risk Market cap is less than US$100m (€49.4m market cap, or US$53.5m). New Risk • Mar 01
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$6.1m 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$6.1m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m (AU$43k revenue, or US$28k). Minor Risk Market cap is less than US$100m (€38.5m market cap, or US$41.6m). Annonce • Sep 30
Peel Mining Limited, Annual General Meeting, Nov 22, 2023 Peel Mining Limited, Annual General Meeting, Nov 22, 2023. New Risk • Sep 24
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 (11% average weekly change). Revenue is less than US$1m (AU$8.1k revenue, or US$5.2k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$20m). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€45.7m market cap, or US$48.6m). 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 Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m (AU$8.1k revenue, or US$5.2k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$20m). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€43.3m market cap, or US$46.4m). Recent Insider Transactions • May 09
Independent Chairman recently bought €337k worth of stock On the 5th of May, Donald Okeby bought around 5m shares on-market at roughly €0.067 per share. This transaction amounted to 69% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Donald's only on-market trade for the last 12 months. Annonce • Jan 09
Peel Mining Ltd Reports Updates Indicated & Inferred Mineral Resource Estimates for Its 100% Owned South Cobar Project, in Western NSW Peel Mining Ltd. reported updated Indicated & Inferred Mineral Resource Estimates for its 100% owned South Cobar Project, centred around 100km south of Cobar in Western NSW. The MREs provide Peel with an excellent foundation to undertake mining studies and continue permitting for exploration declines. The South Cobar Project is located within Peel's 100%-owned tenure and comprises the Mallee Bull, Wirlong, Wagga Tank-Southern Nights and May Day deposits. Peel was initially attracted to the Cobar area in 2010 by the presence of world-class, high-grade, and long-life base and precious metals rich deposits as demonstrated by the CSA, Peak and Elura/Endeavor mines. Since Peel's entry into the Cobar district, the Company has aggregated more than 3,000km 2 of tenure and defined significant mineral systems at Mallee Bull, Wirlong, Southern Nights-Wagga Tank and May Day. During this time, Peel has completed more than 334km of drilling across its Cobar project holdings, including about 289km of diamond and RC drilling. The bulk of this drilling, totalling about 249km of diamond and RC drilling, was in the general area of the South Cobar Project MREs. Most of the Peel's activity in 2022 was aimed at upgrading the Company's copper resources, particularly Wirlong, where infill and extensional drilling results and updated modelling has yielded a considerable improvement to that deposit's contained copper and MRE classification. Notably, drilling focussed on the key MBX lens which delivered increases in the quantity of contained copper, up 29%, and the relative proportion of Indicated-classified Resource tonnes from 33% to 82%, from the maiden November 2021 MRE2. Recent Wirlong drilling has also identified a significant halo of stockwork copper mineralisation which remains unconstrained, and which will be subject to future drilling to determine its full potential. The MREs for the Mallee Bull, Wirlong, Wagga Tank-Southern Nights, and May Day deposits are reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Except for May Day Open pit estimates, the MREs are reported within constrained mineable shapes, created using Deswik mining software, reflecting underground mining, generated at AUD 80/t NSR cut off with a minimum mining width of three metres and include internal dilution. The MREs have been completed by independent mining consultant Mr. Jonathon Abbott of Matrix Resource Consultants Pty Ltd. (Matrix). Mr. Abbott accepts responsibility for the block modelling and the MREs. Mr. Robert Tyson, an employee of Peel Mining, accepts responsibility for the geological interpretation, sampling and analytical data upon which the MREs are based. NSR calculations and mineable shape creation was completed by ANTCIA Consulting Pty Ltd. Reported Earnings • Sep 22
Full year 2022 earnings released: AU$0.007 loss per share (vs AU$0.01 profit in FY 2021) Full year 2022 results: AU$0.007 loss per share (down from AU$0.01 profit in FY 2021). Net loss: AU$3.42m (down 193% from profit in FY 2021). Production and reserves: Gold Number of mines: 3 (2 in FY 2021) Board Change • Mar 10
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 Graham Hardie was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 23
Executive Director of Mining & Director recently bought €52k worth of stock On the 18th of June, James Simpson bought around 300k shares on-market at roughly €0.17 per share. In the last 3 months, they made an even bigger purchase worth €71k. Insiders have collectively bought €194k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 02
Executive Director of Mining & Director recently bought €71k worth of stock On the 26th of May, James Simpson bought around 358k shares on-market at roughly €0.20 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €142k more in shares than they have sold in the last 12 months.