New Risk • May 20
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 18% 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (111% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.2m market cap, or US$9.39m). New Risk • Mar 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.4m (US$9.41m) 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 (20% average weekly change). Shareholders have been substantially diluted in the past year (107% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.4m market cap, or US$9.41m). Annuncio • Feb 27
Fin Resources Limited (ASX:FIN) completed the acquisition of Cabin Lake Gold Project for AUD 0.93 million. Fin Resources Limited (ASX:FIN) entered into a binding Sale and Purchase Agreement to acquire Cabin Lake Gold Project for AUD 0.92 million on October 29, 2025. The consideration consists of up-front consideration comprising AUD 0.2 million in cash and 30 million FIN shares, subject to shareholder approval and a 12-month escrow period, AUD 0.1 million exclusivity fee was paid on signing, providing FIN with a 90-day exclusivity and due diligence period and Deferred consideration of up to AUD 0.45 million will be satisfied through the issue of Performance Rights linked to key exploration and development milestones
The transaction is subject to customary conditions precedent, including satisfactory due diligence, shareholder approvals and transfer of all tenements and permits. During November and December 2025, FIN completed a targeted due diligence re-sampling
Peak Asset Management Pty Ltd and Max Capital Pty Ltd have acted as corporate advisors to the Fin Resources Limited (ASX:FIN).
Fin Resources Limited (ASX:FIN) completed the acquisition of Cabin Lake Gold Project for AUD 0.93 million on February 27, 2026. As part of the transaction, FIN has paid the final cash consideration amount of AUD 93,730 and issued 30 million ordinary fully paid shares and AUD 0.45 million satisfied through the issue of 90 million performance rights to Stockworks Gold Inc. The completion comes after the Wek’èezhìi Land and Water Board has formally approved the assignment of Land Use Permit for the Cabin Lake Gold Project. Annuncio • Feb 10
Fin Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.75 million. Fin Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 255,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 120,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Subsequent Direct Listing Annuncio • Dec 31
Fin Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6985 million. Fin Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6985 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 173,700,000
Price\Range: AUD 0.0065
Discount Per Security: AUD 0.00039
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 87,607,691
Price\Range: AUD 0.0065
Discount Per Security: AUD 0.00039
Transaction Features: Subsequent Direct Listing New Risk • Nov 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% 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 Share price has been highly volatile over the past 3 months (32% average weekly change). Earnings have declined by 8.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.95m market cap, or US$4.50m). Annuncio • Oct 30
Fin Resources Limited (ASX:FIN) agreed to acquire Cabin Lake Gold Project for AUD 0.92 million on October 29, 2025. Fin Resources Limited (ASX:FIN) entered into a binding Sale and Purchase Agreement to acquire Cabin Lake Gold Project for AUD 0.92 million on October 29, 2025. The consideration consists of up-front consideration comprising AUD 200,000 in cash and 30,000,000 FIN shares, subject to shareholder approval and a 12-month escrow period, A AUD 100,000 exclusivity fee was paid on signing, providing FIN with a 90-day exclusivity and due diligence period and Deferred consideration of up to AUD 450,000 will be satisfied through the issue of Performance Rights linked to key exploration and development milestones
The transaction is subject to customary conditions precedent, including satisfactory due diligence, shareholder approvals and transfer of all tenements and permits.
Peak Asset Management Pty Ltd and Max Capital Pty Ltd have acted as corporate advisors to the Fin Resources Limited (ASX:FIN). Annuncio • Oct 29
Fin Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. Fin Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 173,700,000
Price\Range: AUD 0.0065
Discount Per Security: AUD 0.00039
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 57,069,231
Price\Range: AUD 0.0065
Discount Per Security: AUD 0.00039
Transaction Features: Subsequent Direct Listing New Risk • Sep 25
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$678k 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$678k free cash flow). Earnings have declined by 8.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$3.47m market cap, or US$2.27m). Annuncio • Sep 25
Fin Resources Limited, Annual General Meeting, Nov 21, 2025 Fin Resources Limited, Annual General Meeting, Nov 21, 2025. Annuncio • May 12
Fin Resources Limited announced that it has received AUD 0.445 million in funding On May 12, 2025, Fin Resources Limited closed the transaction. Based on a conversion price of AUD 0.0009, the maximum number of shares issued on conversion of all convertible notes would be 494,444,444 and an equivalent number of conversion options would
also be issued.. Annuncio • Mar 11
Fin Resources Limited announced that it expects to receive AUD 0.445 million in funding Fin Resources Limited announced a private placement of 445,000 convertible notes at a price of AUD 1 per note for the gross proceeds of AUD 445,000 on March 11, 2025. The notes will have a zero coupon rate and a conversion floor price of AUD 0.0009 per share. The transaction will include participation from Bruce McFadzean for AUD 20,000 of Convertible Notes and other investors. The issue of these Convertible Notes remains subject to shareholder approval at a general meeting expected to be held in April 2025. The notes will be matured on 12 months from the purchase date. Annuncio • Feb 03
Fin Resources Limited Announces Board Changes Fin Resources Limited announced the appointment of experienced mining executive, Mr. Bruce McFadzean, as a Non-Executive Director, effective 1 February 2025. Mr. McFadzean replaces Mr. Brian Talbot who has tendered his resignation. Mr. McFadzean is a mining engineer with over 40 years of mining and process experience across a broad range of commodities and geographies. He has had extensive exposure to all levels of operations and corporate leadership across his career, including managing the construction, commissioning and ramp- up of six new mining operations globally. Mr. McFadzean's previous key executive leadership roles include: · Managing Director and CEO of Australian mineral sands development business, Sheffield Resources Limited (ASX:SFX), from 2015-21. · Managing Director and CEO of African copper developer, Mawson West Limited (previously TSX listed), from 2012-15. · Managing Director and CEO of Australian gold producer, Catalpa Resources Limited (previously ASX listed and formed part of the successful merger to create leading Australian gold business, Evolution Mining Limited (ASX:EVN), from 2008-12. Mr. McFadzean holds a Diploma of Mining from Curtin University (W.A. School of Mines), W.A. Quarry Managers Certificate and Fellow of AusIMM. He is currently the non-executive chairman of Aquirian Limited (ASX:AQN) and a non-executive director of Argosy Limited (ASX:AGY) and Bannerman Energy Ltd. (ASX:BMN). Annuncio • Sep 20
Fin Resources Limited, Annual General Meeting, Nov 29, 2024 Fin Resources Limited, Annual General Meeting, Nov 29, 2024. New Risk • Sep 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 Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$3.90m market cap, or US$2.64m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). New Risk • May 22
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 19% 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$9.09m market cap, or US$6.06m). Minor Risk Shareholders have been diluted in the past year (5.0% increase in shares outstanding). New Risk • Dec 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.3m (US$9.50m) 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 (26% average weekly change). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.3m market cap, or US$9.50m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Annuncio • Sep 26
Fin Resources Limited, Annual General Meeting, Nov 15, 2023 Fin Resources Limited, Annual General Meeting, Nov 15, 2023. New Risk • Aug 31
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 (19% average weekly change). Earnings have declined by 54% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$6.83m market cap, or US$4.43m). 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 (11% increase in shares outstanding). 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 Jason Bontempo was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 31
Ryan de Franck Resigns as Non-Executive Director of Fin Resources Limited Fin Resources Limited advised that Mr. Ryan de Franck has resigned as a Non-Executive Director of the Company effective 31 May 2022. The Board of Directors would like to thank Mr. de Franck for his contribution to the Company since April 2021 and wishes him all the best in his future endeavours. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Director Gautam Varma was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jan 09
Fin Resources Limited Provides an Update Regarding the Grant of E08/3355 at its 80% Owned Sol Mar Project in the Pilbara Region of Western Australia Fin Resources Limited provided an update regarding the grant of E08/3355 at its 80% owned Sol Mar Project in the Pilbara region of Western Australia. FIN has been notified that the Western Australian Department of Mines, Industry Regulation and Safety granted E08/3355 on 6 January 2022. E08/3355 comprises 85 graticular blocks and covers an area of 270.5km square. 08/3355 is considered a key component of Sol Mar and FIN's strategy to pursue the large- scale production of green products from seawater using renewable energy due to its strategic location and large-scale renewable energy generation potential. E08/3355 is located adjacent to existing granted tenure and in close proximity to Onslow, the Ashburton North Strategic Industrial Area ("ANSIA") and the Port of Ashburton. As set out in FIN's announcement on 8 November 2021 titled `Positive Sol Mar Scoping Study Completed', E08/3355 was assessed by leading independent consultant GHD to have an estimated solar resource potential of 18 gigawatt (GW), which was 30% of the total estimated solar resource potential for the Project of 60 GW. Importantly, E08/3355 is entirely outside of the currently proposed solar salt and downstream processing development footprint. This significantly enhances FIN's capacity to generate large-scale renewable energy to support the production of value-added green products from seawater. Board Change • Dec 01
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 Simon Mottram 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. Executive Departure • Nov 30
Independent Non-Executive Director Andrew Radonjic has left the company On the 30th of November, Andrew Radonjic's tenure as Independent Non-Executive Director ended after 3.6 years in the role. As of September 2021, Andrew still personally held 2.00m shares (AU$84k worth at the time). Andrew is the only executive to leave the company over the last 12 months. Annuncio • May 20
Fin Resources Limited Provides an Update Regarding Its Progress on the North Onslow Solar Salt Project Fin Resources Limited provide an update regarding its progress on the North Onslow Solar Salt Project in respect of which FIN has entered into a binding agreement to acquire an 80% interest from North West Solar Salt Pty Ltd. The NOSSP comprises five granted exploration licences and one pending exploration licence (together, the Tenements) covering 425km2. Completion of the acquisition is subject to FIN obtaining shareholder approval, the meeting is expected to be held in late June. The base salt project at the NOSSP is envisaged as a sustainable operation that utilises renewable energy to produce industrial grade salt, via evaporation of seawater using wind and solar energy. Initial analysis suggests
that there is significant potential to improve the already environmentally friendly nature of the project, and concurrently enhance project economics - FIN would ultimately like the NOSSP to aim to achieve a zero carbon foot print. Several initiatives to further explore and quantify this potential are being included in the current scoping study work, including: Investigating incorporating bitterns processing to produce sulphate of potash ("SOP") as an additional potential product stream; Determining the renewable energy potential of the 425km2 land position, given the abundant wind and
solar energy in the region with the goal of achieving a zero carbon foot print for the NOSSP; Investigating potential uses for the freshwater stream byproduct associated with salt/fresh water separation which produces a more concentrated brine, including supply to the town of Onslow and /or
to look at its potential for use in other production processes; Examine other possible downstream products, such as hydrogen, ammonia and methanol. Recent Insider Transactions • May 07
Insider recently sold AU$63k worth of stock On the 4th of May, Jennifer Bandy sold around 1m shares on-market at roughly AU$0.047 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Annuncio • Apr 29
Fin Resources Limited announced that it expects to receive AUD 1.758 million in funding Fin Resources Limited (ASX:FIN) announced a private placement of 89,333,333 common shares at a price of AUD 0.018 per share for gross proceeds of AUD 1,607,999.994 on April 28, 2021. The transaction will take place in two tranches, the first tranche will comprise up to 72,922,860 shares that will be issued under Listing Rules 7.1 and 7.1A. and the second tranche will comprise up to 16,410,473 shares and will be subject to shareholder approval. The transaction will include participation from Non-Executive Director, Jason Bontempo or his nominee for a further 8,333,334 shares to raise up to a further AUD 150,000.012 subject to shareholder approval. The transaction is expected to close on June 15, 2021. Annuncio • Oct 10
Fin Resources Limited Announces Commencement of Diamond Drilling at the Mckenzie Springs Project Fin Resources Limited announced that diamond drilling has commenced at the McKenzie Springs Project, prospective for Nickel, Copper and Platinum Group Element (PGE) mineralisation. The planned program includes three diamond drill holes (for a total of 850m) designed to intersect modelled strong high priority conductors defined from Fixed Loop Electromagnetic (FLEM) geophysical surveys. DDH1 has been engaged for the drill program. Drilling of the first hole (FNDD001) has commenced, with a planned depth of 470m. All drillholes will be cased with PVC to allow completion of DHEM surveys to assist with the identification of any sulphide mineralisation around the drill hole. Refer to the Company's announcement McKenzie Springs Project Drilling Update dated 17th August 2020 for further detail on the drilling program.