Board Change • Sep 30
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 Greg Starr was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 12
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 Greg Starr was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 31
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 Greg Starr was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 102% 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 Shares are highly illiquid. Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.1m market cap, or US$8.36m). Board Change • Jan 13
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 Greg Starr was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 17
Admiralty Resources NL, Annual General Meeting, Nov 22, 2024 Admiralty Resources NL, Annual General Meeting, Nov 22, 2024. Location: at suite 109, level 1, 150 pacific highway, north sydney nsw 2060 Australia Annuncio • Oct 09
Admiralty Resources NL has filed a Follow-on Equity Offering in the amount of AUD 7 million. Admiralty Resources NL has filed a Follow-on Equity Offering in the amount of AUD 7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 277,777,778
Price\Range: AUD 0.0072
Discount Per Security: AUD 0.000072
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 694,444,444
Price\Range: AUD 0.0072
Transaction Features: Rights Offering New Risk • Oct 01
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 23% per year over the past 5 years. Revenue is less than US$1m (AU$40k revenue, or US$28k). 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 (13% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$14.7m market cap, or US$10.2m). New Risk • Aug 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.7m (US$9.81m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 23% per year over the past 5 years. Revenue is less than US$1m (AU$40k revenue, or US$27k). Market cap is less than US$10m (AU$14.7m market cap, or US$9.81m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Board Change • Jul 22
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 Greg Starr was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 04
Admiralty Resources NL has completed a Follow-on Equity Offering in the amount of AUD 0.733832 million. Admiralty Resources NL has completed a Follow-on Equity Offering in the amount of AUD 0.733832 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 135,894,787
Price\Range: AUD 0.0054
Transaction Features: Subsequent Direct Listing New Risk • Mar 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$6.8m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m (AU$40k revenue, or US$26k). Market cap is less than US$10m (AU$8.96m market cap, or US$5.85m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Annuncio • Oct 13
Admiralty Resources NL, Annual General Meeting, Nov 24, 2023 Admiralty Resources NL, Annual General Meeting, Nov 24, 2023, at 10:30 AUS Eastern Standard Time. Agenda: To consider the election of Directors; and to consider other issues. New Risk • Oct 02
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 Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$7.82m market cap, or US$5.03m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Annuncio • Aug 13
Admiralty Resources Nl Announces Cessation of Stuart Cameron as Company Secretary Admiralty Resources NL advises that it has removed Mr. Stuart Cameron as a Joint Company Secretary of the Company with immediate effect. Ms Louisa Ho who has been a Company Secretary of Admiralty for some time will remain as the Company's sole Company Secretary moving forward. Annuncio • Jun 22
Admiralty Resources NL Announces Appointment of Mr. Stuart Cameron as Joint Company Secretary Admiralty Resources NL announced that the Board have appointed an additional Company Secretary Mr. Stuart Cameron, effective 16 June 2023. Mr. Cameron joins current Company Secretary Ms Louisa Ho who will continue with Admiralty as Joint Company Secretary. Mr. Cameron is the Principal of K S Black & Co, a chartered accountancy firm located in Sydney. In addition, he is the Company Secretary and Director of several ASX Listed companies. He is a Fellow of Chartered Accountants Australia and New Zealand and a Certified Internal Auditor. The Board and Ms Ho look forward to working with Mr. Cameron and the extensive experience he will bring to the role at Admiralty. Annuncio • May 24
Admiralty Resources NL Announces Executive Changes Admiralty Resources NL announced that Mr. Jarrod White has resigned as Joint Company Secretary with immediate effect, having provided a 6-months transition period and support to the Company following the appointment of Ms. Louisa Ho as Joint Company Secretary in November 2022, who will continue as the Company Secretary moving forward. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman of the Board Bin Li was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Oct 14
Admiralty Resources NL, Annual General Meeting, Nov 25, 2022 Admiralty Resources NL, Annual General Meeting, Nov 25, 2022, at 10:30 AUS Eastern Standard Time. Agenda: To consider election of Directors. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Executive Director Jian Barclay was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Executive Director Jian Barclay was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Executive Director Jian Barclay was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jul 03
Admiralty Resources NL has completed a Follow-on Equity Offering in the amount of AUD 1.75 million. Admiralty Resources NL has completed a Follow-on Equity Offering in the amount of AUD 1.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 97,222,230
Price\Range: AUD 0.018
Transaction Features: Subsequent Direct Listing Annuncio • Feb 16
Admiralty Resources NL Signs Mining Operation Cooperation Agreement with Hainan Xinlei Mining Management Co., Ltd Admiralty Resources NL announced that it has signed a Mining Operation Cooperation Agreement with Hainan Xinlei Mining Management Co. Ltd. (Hainan, the Financier) with respect to the Company's Mariposa mine site in Chile. The agreement is an important step in achieving commercialisation of the Mariposa mine site, as it will enable Hainan to operate the site utilising local Chilean and overseas specialists at the sole responsibility and cost of Hainan, and importantly should lead to the receipt of revenues from the Mariposa mine site imminently once production has commenced. In accordance with this agreement, the Company has retained legal counsel to obtain work permits for Chinese mining specialists from Hainan to begin their work on the site, including work and access permits with the relevant local Chilean authorities. Hainan is responsible for the operation of the mine site and compliance with Chilean National Mining Industry Operating Regulations for safe construction and legal employment. ADY will provide access to its Mariposa mine site and its DIA approval and no further capital contributions. Under the contract, Hainan will fully fund the contracted mining and construction projects at the Mariposa site including construction, mining and production with all capital contributions, security, legal costs, risks and potential losses borne by Hainan solely. 
