Annuncio • Mar 17
Burley Minerals Ltd to Report First Half, 2026 Results on Mar 16, 2026 Burley Minerals Ltd announced that they will report first half, 2026 results on Mar 16, 2026 New Risk • Jan 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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$2.2m free cash flow). Earnings have declined by 72% per year over the past 5 years. Revenue is less than US$1m (AU$10k revenue, or US$7.1k). Market cap is less than US$10m (AU$6.81m market cap, or US$4.78m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Annuncio • Oct 08
Burley Minerals Ltd, Annual General Meeting, Nov 28, 2025 Burley Minerals Ltd, Annual General Meeting, Nov 28, 2025. New Risk • Sep 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$2.2m 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$2.2m free cash flow). Earnings have declined by 72% per year over the past 5 years. Revenue is less than US$1m (AU$10k revenue, or US$6.6k). Market cap is less than US$10m (AU$6.45m market cap, or US$4.22m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Annuncio • Sep 27
Burley Minerals Ltd to Report Fiscal Year 2025 Results on Sep 26, 2025 Burley Minerals Ltd announced that they will report fiscal year 2025 results on Sep 26, 2025 Annuncio • Jul 02
Burley Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.45 million. Burley Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.45 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,000,000
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,000,000
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Transaction Features: Subsequent Direct Listing Annuncio • Mar 31
Burley Minerals Limited Announces Maiden Drilling Approval for Large Scale Drill Target At Cane Bore Iron Project Highlights Burley Minerals Limited announced it now has drilling approvals in place for its maiden drill programme at its 100%-owned Cane Bore Iron Project ("Cane Bore"). The maiden drill programme at the Cane Bore South Target is for 34 RC holes to test the grade and depth of the CID across 2.3 km of strike and is planned be completed in April 2025. Burley's initial heritage survey has recently been completed at Cane Bore. The survey was completed by the Pinikurra people, the Traditional Owners of the land. The Pinikurra have Native Title rights over the south target. The Pinikurra survey was accompanied by Echoes Cultural Heritage consultants who recorded the survey results and will provide data to avoid areas of cultural signifigance. The Pinikura survey team were a pleasure to work with and traversed the full extent of the South Target of the CID of the Cane Bore Iron Project. The company were accompanied by consultants from Echoes Cultural Heritage Management who directed the team and carefully recorded the survey data. Access to the site was facilitated via existing tracks and it looks like a bush fire passed through recently which made getting around the South Target very easy. Cane Bore is located in the Pilbara Province of Western Australia, an area renowned for its world-class iron ore projects, and is less than 100 km by sealed road from Onslow and the Port of Ashburton. The exploration license area is adjacent to the sealed Northwest Coastal Highway, where it intersects the Onslow Road. Following the Exploration License (E08/3424) grant in September 2024, Burley'sologists completed comprehensive and systematic mapping and sampling of the prospective CID areas over several, multi-day periods. The more general Cane River area was explored for iron resources in the late 1960s, but only wide-spaced sampling of surface materials was reported. The reconnaissance work, using recent satellite imagery, multi-spectral imagery, topographic data and extrapolation of known regional resources, delineated potential CID mineralisation adjacent to the Cane River. The upper areas of this palaeodrainage system (outside of E08/3424) were drill assessed by API Management Pty Ltd. In 2016, Red Hill Iron Ltd. published a JORC 2012 compliant mineral resource estimate of 664Mt at 56.9% Fe for the Cochrane/Jewel, Trixie, Kens Bore and Red Hill Creek deposits. These deposits are proximal to, or within, the Hamersley Range and occur approximately 40km 'upstream' from the eastern boundary of E08/3424. The Cane Bore CID paleochannel appears semi-continuous, indicating that it may be well preserved. The Chubb Lithium Project is located 25 km north of the mining community of Val d'Or in the heart of the world-class lithium province of Quebec, Canada with a total area of 1,509 hectares. The Chubb Project is centred within the Manneville Deformation Corridor, which hosts Canada's only operating lithium mine, the North America Lithium Operation (NAL). The NAL is owned by Sayona Mining Ltd. and Piedmont Lithium Inc, with Mineral Resources of 58Mt at 1.23% Li2O6 reported, plus several other emerging projects including the Authier Lithium Project, with resources of 17Mt at 17Mt at 1.3% Li2O6 reported. Annuncio • Mar 15
Burley Minerals Ltd to Report First Half, 2025 Results on Mar 14, 2025 Burley Minerals Ltd announced that they will report first half, 2025 results on Mar 14, 2025 Annuncio • Feb 03
Burley Minerals Ltd Announces Resignation of David Crook as Non-Executive Director Burley Minerals Limited advised that Mr. David Crook has offered his resignation as a Non-executive Director reducing the Board size to the Managing Director plus three non-executive directors. Mr. Crook will continue to provide geological consulting services to the Group as required. New Risk • Jan 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$5.4m free cash flow). Revenue has declined by 42% over the past year. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m (AU$16k revenue, or US$9.7k). Market cap is less than US$10m (AU$12.5m market cap, or US$7.75m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Annuncio • Oct 08
Burley Minerals Ltd, Annual General Meeting, Nov 26, 2024 Burley Minerals Ltd, Annual General Meeting, Nov 26, 2024. New Risk • Oct 02
New major risk - Revenue and earnings growth Revenue has declined by 42% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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$5.4m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Revenue has declined by 42% over the past year. Revenue is less than US$1m (AU$16k revenue, or US$11k). Market cap is less than US$10m (AU$10.4m market cap, or US$7.15m). Minor Risk Shareholders have been diluted in the past year (48% increase in shares outstanding). Annuncio • May 02
Burley Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.5 million. Burley Minerals Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.05 Annuncio • Apr 18
Burley Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.5 million. Burley Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.05 Annuncio • Apr 17
Burley Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.303709 million. Burley Minerals Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.303709 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,074,188
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing New Risk • Apr 17
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 21% 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$5.6m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Revenue is less than US$1m (AU$27k revenue, or US$17k). Market cap is less than US$10m (AU$4.90m market cap, or US$3.14m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Annuncio • Feb 14
Burley Minerals Ltd, Annual General Meeting, Mar 14, 2024 Burley Minerals Ltd, Annual General Meeting, Mar 14, 2024, at 09:00 W. Australia Standard Time. Location: Level 3, 30 Richardson Street West Perth Western Australia Australia Agenda: To consider and approve ratification of prior issue of aurora lithium consideration shares; to consider and approve to issue facilitation performance rights to aurora lithium vendors; to consider and approve the adoption of securities incentive plan; and to consider and approve the termination benefits under securities incentive plan. New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. 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$2.9m free cash flow). Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Revenue is less than US$1m (AU$27k revenue, or US$18k). Market cap is less than US$10m (AU$10.3m market cap, or US$6.82m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). New Risk • Nov 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.2m (US$9.98m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.9m free cash flow). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Revenue is less than US$1m (AU$27k revenue, or US$18k). Market cap is less than US$10m (AU$15.2m market cap, or US$9.98m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Annuncio • Oct 31
Burley Minerals Limited Announces Executive Changes Burley Minerals Limited announced that it has appointed Mr. Kieran Witt as Company Secretary, replacing Ms. Lisa Wynne. Mr. Witt is a Chartered Accountant with experience as a consultant advising ASX listed companies on capital raisings, mergers and acquisitions, statutory accounting requirements and corporate compliance. He is a member of Chartered Accountants Australia and New Zealand and holds a Bachelor of Commerce (Accounting). Annuncio • Oct 11
Burley Minerals Ltd, Annual General Meeting, Nov 29, 2023 Burley Minerals Ltd, Annual General Meeting, Nov 29, 2023. Agenda: To consider the election of Directors. New Risk • Sep 30
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$2.9m 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$2.9m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Revenue is less than US$1m (AU$27k revenue, or US$17k). Minor Risk Market cap is less than US$100m (AU$18.2m market cap, or US$11.7m). New Risk • Aug 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.7m (US$9.67m) 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 (19% average weekly change). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Revenue is less than US$1m (AU$5.0k revenue, or US$3.3k). Market cap is less than US$10m (AU$14.7m market cap, or US$9.67m). Annuncio • Feb 09
Burley Minerals Ltd (ASX:BUR) acquired Chubb Lithium Property Located in Quebec, Canada from Newfoundland Discovery Corp. (CNSX:NEWD) for CAD 1.7 million Burley Minerals Ltd (ASX:BUR) entered into a letter of intent to acquire Chubb Lithium Property Located in Quebec, Canada from Newfoundland Discovery Corp. (CNSX:NEWD) for CAD 1.7 million on October 4, 2022. Burley Minerals Ltd (ASX:BUR) entered into an agreement to acquire Chubb Lithium Property Located in Quebec, Canada from Newfoundland Discovery Corp. (CNSX:NEWD) on November 16, 2022. The consideration is paying to Newfoundland Discovery Corp. CAD 500,000 and issuing such amount of shares having a value of CAD 1.2 million. Closing shall occur no later than February 7, 2023. The closing of the transaction is subject to and conditional upon obligations under the LOI and the definitive agreement become the rights and obligations of the ASX Listed Company. As of December 8, 2022, Mining Equities may acquire a 100% interest in the Property by paying Newfoundland Discovery CAD 0.27 million. The closing of the transaction shall occur no later than December 16, 2022.
Burley Minerals Ltd (ASX:BUR) acquired Chubb Lithium Property Located in Quebec, Canada from Newfoundland Discovery Corp. (CNSX:NEWD) for CAD 1.7 million on February 7, 2023. Annuncio • Feb 08
Burley Minerals Ltd acquired LI20 Pty Ltd. Burley Minerals Ltd entered into a binding term agreement to acquire LI20 Pty Ltd for AUD 6.3 million on November 17, 2022. The consideration comprises of - cash component of AUD 0.01 million and 26,091,305 shares of Burley Minerals of which, 13 million shares will be held in escrow for 12 months from the date of issue of the consideration shares. The transaction is subject to multiple conditions- completion of due diligence, obtaining all necessary shareholder approvals, obtaining all ASX and other regulatory approvals, no material adverse change in LI2O Pty Ltd or its business and LI2O Pty Ltd to have no liabilities and approximately AUD 0.329 million in cash at completion.
Burley Minerals Ltd completed the acquisition of LI20 Pty Ltd on February 8, 2023. Burley Minerals issued 27,091,035 shares and there shares will be held in escrow till February 7, 2024. Annuncio • Jan 25
Burley Minerals Ltd. Announces Chubb Lithium Modelling Confirms Sizeable Target Burley Minerals Ltd. announced a wire-framed mineralisation model for the Chubb Lithium Project prepared by SnowdenOptiro demonstrates a substantial exploration target with at least 5 parallel stacked lithium bearing spodumene Dykes which remain open in both directions along strike and atdepth. The Chubb Lithium Project is strategically located in the heart of the world-class lithium province of Quebec, Canada, which hosts major lithium projects including Sayona Mining Ltd. and Piedmont Lithium Inc.'s North American Lithium (NAL) mines, operations, and Mineral Resources totalling 119Mt @1.1% Li2O. The new mineralisation interpretation demonstrates a substantial exploration target with potentially a minimum of 5 parallel stacked lithium-bearing pegmatite dykes, which remain open in both directions along strike and at depth. Drilling and clearing permits have been lodged to test all 5 lodes over a strike potential of 1,200m to vertical depths of up to 250m. The new and extended Program of Works (PoW) Application is forecast to see drilling approvals granted in early February with drilling aimed to commence in late February." Burley recently commissioned Dahrouge Geological Consulting to perform a systematic review of the past drill logs, including the collection of new detailed sample-scale observations (alteration, inclusion types/abundances, grain size and lithologies), and to configure the database for the pending drilling program. Billeted core samples for petrology have also been collected and shipped. SnowdenOptiro have modelled and wire-framed the data from the Expedio database for the Chubb Lithium Project. The model demonstrates the potential for a substantial exploration target with at least 5 parallel stacked lithium bearing spodumene dykes with all remaining open in both directions along strike and at depth. Diamond core drilling is targeted for late February, with the accompanying award of the drilling contract scheduled for early February 2023. A total of eight Drilling contractors have submitted competitive pricings, with tenders recently closed. The Phase 1 drilling program is representative of approximately 20 holes for a total meterage of up to5,000 metres of NG diamond core. The drilling priorities for these holes based upon known lithology,pegmatite structures and geological orientation have been confirmed. The database has amalgamated the historically older and newer drilling programs to allow the wire-frame modelling to be finalised. In addition, the Phase 1 drilling will include "down-hole" geotechnicaland mineralogical surveying, to support the development of the initial mineral resource estimate. Annuncio • Jan 13
Burley Minerals Limited Provides Update on Exploration Approvals for Scheduled Drilling Commencement Programme in Late February 2023 Burley Minerals Limited announced the update on the status of the strategic acquisition of the Chubb Lithium Project in the Canadian Province of Quebec, and the exploration approvals for a scheduled drilling commencement programme in late February 2023. The Chubb Lithium Project is strategically located in the heart of the world-class lithium province of Quebec, Canada, which hosts major lithium projects including Sayona Mining Ltd. and Piedmont Lithium Inc.'s North American Lithium (NAL) mines, operations, and Mineral Resources totalling 119Mt @1.1% Li2O. NAL is located 10km North-East of the Chubb Lithium Project. The Phase 1 drilling program for up to 5,000 metres of NG diamond core, is designed to verify, extend and confirm the extent, depth and orientation of the spodumene-bearing lithium pegmatites logged and drilled in the central area of the 35 Mineral Claims to be acquired in the Chubb Lithium acquisition deal - refer Figure 6 for mineral claim map and access roads. Dahrouge, a geological consulting firm, located in various jurisdictions within Canada and Quebec, have mobilised to the Chubb Lithium Project district and frequented the core sheds located within the neighbouring town of Val d' Or. The group will manage the pending interface between the Canadian drilling contractors and the Australian geological and modelling teams, for the effective execution of the Phase 1 drilling program. Dahrouge has specialised lithium expertise and knowledge associated with the geology and mineralisation of pegmatites within the Quebec Province and are confident with the re-logging and data base generation process currently being undertaken in Val d' Or. The future logging database will amalgamate with the old and new drilling programs and will include "down-hole" geotechnical and mineralogical surveying. Burley's recent signing of an Agreement to acquire 100% ownership of three projects in the World- Class Tier-1 jurisdictions of Quebec, Canada and Western Australia which expands the Company's exploration footprint into high-grade lithium-bearing spodumene Projects. This creates an outstanding opportunity for Burley Shareholders to benefit from future value enhancement achieved through exploration success. Annuncio • Nov 18
Burley Minerals Ltd entered into a binding term agreement to acquire LI20 Pty Ltd for AUD 6.3 million. Burley Minerals Ltd entered into a binding term agreement to acquire LI20 Pty Ltd for AUD 6.3 million on November 17, 2022. The consideration comprises of - cash component of AUD 0.01 million and 26,091,305 shares of Burley Minerals of which, 13 million shares will be held in escrow for 12 months from the date of issue of the consideration shares. The transaction is subject to multiple conditions- completion of due diligence, obtaining all necessary shareholder approvals, obtaining all ASX and other regulatory approvals, no material adverse change in LI2O Pty Ltd or its business and LI2O Pty Ltd to have no liabilities and approximately AUD 0.329 million in cash at completion. Board Change • Nov 16
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 Jeff Brill was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 13
Burley Minerals Ltd, Annual General Meeting, Nov 30, 2022 Burley Minerals Ltd, Annual General Meeting, Nov 30, 2022. Agenda: To consider and approve election of directors. Annuncio • Sep 08
Burley Minerals Ltd Announces Granting of Exploration Licence E47/4580, by Department of Mines, Industry Regulation and Safety for Exploration Activities in Heart of Hamersley/Pilbara Region of Western Australia Burley Minerals Ltd. announced the granting of Exploration Licence E47/4580, by the Department of Mines, Industry Regulation and Safety (DMIRS) for exploration activities in the heart of the Hamersley/Pilbara region of Western Australia. The approvals were granted following the cooperative signing of a Heritage Agreement with the Ngarluma/Yindjibarndi People whose land company wish to explore with their consultation. Exploration Licence E47/4580 is located close to the Roebourne-Wittenoom Road and is 115km by road from Karratha townsite and the Dampier port facilities. The EL covers an area of approximately 223km2, with the geology dominated by mafic to intermediate volcanics and sediments of the Maddina and Jerrinah Formations, which occur within the Fortescue Group. Significantly there are numerous remnants of mid-Miocene Channel Iron Deposits (CID) related to the Fortescue River palaeodrainage located within the application area. CID mineralisation occurs as scattered, dissected outcrops along the Fortescue River valley. The eroded outcrops are remnants of an extensive network of CID deposits, which are found in tributary channels of the ancestral Fortescue River. The rock-chip sampling conducted by API, returned iron results typical of those from surface sampling of CID throughout the Pilbara with results ranging up to 61.5% Fe. Forge Resources Swan P/L (Forge) completed the most significant "on-ground" work during 2018 to 2019 via the execution of an 86 RC drillhole campaign for 2,024 m. The drilling was completed on a nominal 1,200m x 100m grid in the western corner of the Tenement. A maximum channel width of 300 metres was estimated, entirely buried under a thin alluvial cover, thereby presenting a potential future target for further investigation by Burley geologists. Forge completed a large part of their drilling along more distal parts of the palaeochannel where the CID is interpreted by Burley to be thinner and having a stronger weathering overprint thus reducing the Fe grade. The more proximal areas of the palaeochannel, where the CID is interpreted to be thicker and less impacted by degradation of iron grade by weathering, remains largely untested, and will be worthy of drill targeting during future Exploration programmes. It is in these areas where API completed most of their rock-chip sampling programs and acknowledged high-grade CID samples. Annuncio • Aug 15
Burley Minerals Ltd Obtains Drilling Approvals for Yerecoin Project Burley Minerals Ltd. announced approvals for its maiden drill campaign at its 70% owned Yerecoin Iron Project, in Western Australia which has not been drilled in over 13 years. The initial drilling programme has DMIRS PoW's allowing for up to 33-holes consisting of a combination of both RC and diamond drilling at the Yerecoin Main deposits. Magnetite resource areas are targeted for infill drilling to upgraded Resource confidence and provide sufficient metallurgical samples. Board Change • Apr 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. 2 non-independent directors. Independent & Non-Executive Director Jeff Brill was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Feb 10
Burley Minerals Ltd Announces Directorate Changes Burley Minerals Ltd. announced that Mr. Wayne Richards will be promoted to the Managing Director in addition to his role as the Company's Chief Executive Officer (CEO). Mr. Richards' appointment broadens both the technical and corporate experience and skill sets of the Board with Mr. Richards having fulfilled numerous Board positions and specifically in the iron ore and nickel industry. Mr. Richards was formerly Executive Chairman and CEO of Tawana Resources, Managing Director of Brockman Resources and Executive Project Director of Minprovise International and Strike Resources Ltd. Wayne has over 35 years of study execution, project development, mining, mineral processing and corporate financing experience within the resource and mining service sectors. Mr. Gary Powell has resigned as a Director of the Company, but will continue to work as a consultant to the Company, thereby providing for an orderly transfer of information and executive accountabilities to Mr. Richards. Annuncio • Sep 24
Burley Minerals Ltd Applies for Exploration Licences for Iron Ore in the Hamersley Province Burley Minerals Ltd. advised that it has applied for two exploration licences in the Hamersley Iron Ore Province of Western Australia. The Broad Flat Well ELA covers outcropping Channel Iron Deposit (CID) mineralisation and the Hardey West ELA contains prospective stratigraphy for Bedded Iron Deposit (BID) mineralisation and is also prospective for base metal mineralisation. Both applications are in close proximity to significant infrastructure, such as main roads, townsites and port facilities. The ELA's were lodged as part of the Company's ongoing project generation strategy of developing a pipeline of projects by reviewing and acquiring projects that have the potential for early resource definition and development. BROAD FLAT WELL ELA 47/4580: Exploration Licence application 47/4580 is located 116km east of Pannawonica and 110km south-east of Karratha along the northern margin of the Hamersley Basin. The tenement area is close to the Roebourne-Wittenoom Road and is 115km by road from Karratha townsite and the Dampier port facilities. The application covers an area of approximately 223km2,with the geology dominated by mafic to intermediate volcanics and sediments of the Maddina and Jerrinah Formations, which occur within the Fortescue Group. Significantly there are numerous remnants of mid-Miocene Channel Iron Deposits (CID) related to the Fortescue River palaeodrainage located within the application area. CID mineralisation occurs as scattered, dissected outcrops along the Fortescue River valley. The eroded outcrops are remnants of an extensive network of CID deposits, which are found in tributary channels of the ancestral Fortescue River. Much of the Fortescue River floodplain is covered by varying thicknesses of Cainozoic alluvium and colluvium including consolidated ferruginous valley fill. The tenement application area has undergone numerous phases of work dating back to the early 1970's when Westfield Minerals (WA) PL conducted minor exploration for copper. The most significant "on-ground" work was completed by API Management P/L (API) between 2006 to 2010 and more recently by Forge Resources Swan P/L (Forge) during 2018 and 2019. API completed rock-chip sampling over much of the outcropping CID and Forge completed 86 RC drillholes for 2,024m. Other explorers in the area have included Robe River Mining Co. P/L and FMG Limited, however their work was largely restricted to desktop studies with limited helicopter supported ground surveys. Forge carried out RC drilling during 2018 to 2019 and reported that the drilling targeted channel iron deposit (CID), with the western drilling being completed on a nominal 1,200m x 100m grid. Thin (< 5m thick) CID was intersected typically grading less than 50% Fe. A maximum channel width of 300 metres was estimated, entirely buried under a thin alluvial cover. Forge also carried out very limited RC drilling in the central and south-eastern corner of the application area. In the central area, RC drilling intersected CID mineralisation (>40% Fe) up to 10 metres in thickness from surface. The highest grade intercepted was a 2m intercept of 54.9% Fe from surface in hole HFRC053, located towards the northwestern end of the longest drill traverse. Forge completed a large part of their drilling along more distal parts of the palaeochannel where the CID is interpreted by Burley to be thinner and having a stronger weathering overprint thus reducing the Fe grade. The more proximal areas of the palaeochannel, where the CID is interpreted to be thicker and less impacted by degradation of iron grade by weathering, remains largely untested, and is worthy of drill targeting. It is in these areas where API completed most of their rock-chip sampling programs. HARDEY WEST ELA 47/4579: Exploration Licence application E47/4579 covers approximately 470 hectares, located some 70km north-west of Paraburdoo and 70km west south-west of Tom Price. Access from Paraburdoo townsite is just 72km westwards via the sealed Paraburdoo and Nanutarra Roads and a further 18km on unsealed Cheela Plains' station track. Geology is dominated by mafic volcanics and volcanoclastic sediments of the Bunjina and Jerrinah Formations but includes Brockman Iron Formation stratigraphy. It is the latter which hosts the major iron ore deposits in the Pilbara Region of Western Australia. Structurally the tenement application includes a portion of the northern limb of the west plunging Hardey Syncline. Significant iron ore resources are being explored in the syncline region, such as BHP's Rocklea Project and API's Hardey Project.