New Risk • Mar 13
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$1.5m 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$1.5m free cash flow). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m (AU$605k revenue, or US$428k). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Significant insider selling over the past 3 months (AU$363k sold). Market cap is less than US$100m (AU$23.4m market cap, or US$16.6m). Board Change • Nov 01
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Ryan Smith is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 16
Lincoln Minerals Limited, Annual General Meeting, Nov 17, 2025 Lincoln Minerals Limited, Annual General Meeting, Nov 17, 2025. Location: dunn room, level 14, 333 collins street, melbourne Australia New Risk • Sep 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% 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 Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (AU$602k revenue, or US$393k). Market cap is less than US$10m (AU$14.6m market cap, or US$9.51m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). Annuncio • Aug 05
Lincoln Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. Lincoln Minerals 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: 200,000,000
Price\Range: AUD 0.005
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.00025
Security Features: Attached Options
Transaction Features: Rights Offering Annuncio • Apr 16
Lincoln Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.231551 million. Lincoln Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.231551 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,310,214
Price\Range: AUD 0.005
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Apr 10
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Interim Chairman Ryan Smith is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 08
Lincoln Minerals Limited Announces Board Changes Lincoln Minerals Limited announced that Ms. Yoyo Zhang has resigned as Non-Executive Director and Chairperson, effective from 7 April 2025. Existing Non-Executive Director, Hon. Ryan Smith, has agreed to take the role of Interim Chairman. Hon. Ryan Smith combines 18 years working in the corporate sector managing financial risk and cash flow oversight with his 16 years' experience as a Member of the Victorian Parliament. He served as a Minister in the Coalition government, as a Shadow Minister and on a number of Parliamentary Committees. Mr. Smith brings significant experience in areas of governance and risk mitigation. Mr. Smith is currently a Board member of the Victorian statutory agency, the Great Ocean Road Coast & Parks Authority and is Deputy Chair of the Board's Reform & Major Projects Committee. Mr. Smith has held the Chair of Lincoln Minerals' Audit & Governance Committee since being appointed to the Board in July 2023. The Company has an active process underway for Board renewal and will now expand this process to include identifying and appointing a new Chair. An update on this process is expected in the coming months. New Risk • Feb 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$3.1m 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$3.1m free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (AU$9.4k revenue, or US$5.9k). Market cap is less than US$10m (AU$12.3m market cap, or US$7.83m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Annuncio • Oct 14
Lincoln Minerals Limited, Annual General Meeting, Nov 20, 2024 Lincoln Minerals Limited, Annual General Meeting, Nov 20, 2024. Location: at level 14, 333 collins street melbourne, victoria, Australia Annuncio • Apr 27
Lincoln Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Lincoln Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 214,285,714
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00042
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 214,285,714
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00042 New Risk • Mar 08
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$2.8m 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$2.8m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 33% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$11.1m market cap, or US$7.33m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Annuncio • Dec 01
Lincoln Minerals Limited Appoints Julian Babarczy as Non-Executive Director to Its Board Lincoln Minerals Limited announced the appointment of Julian Babarczy as a Non-Executive Director to its Board, effective 1 December 2023. Mr. Babarczy brings over 20 years finance and investment industry experience to the Lincoln Board, having held several investment portfolio leadership, company management and Directorship roles over that me. Almost two-thirds of his career to date was as a key member of leading Australian fund manager, Regal Funds Management. Mr. Babarczy undertook a range of roles during his tenure at Regal, including Analyst & portfolio Manager and Head of Australian Equities, and was responsible for investments across a range of sectors, in both listed and unlisted companies, with the majority of his investments in the natural resources sector. Mr. Babarczy brings a unique set of skills to the Lincoln Minerals board, possessing a deep and trusted network spanning the Australian financial industry (both sell and buy-side), as well as a depth of experience in investing and funding high growth companies. Mr. Babarczy holds a Bachelor of Business degree from Monash University and a Graduate Diploma in Mineral Exploration Geosciences from Curtin University. Annuncio • Oct 26
Lincoln Minerals Limited, Annual General Meeting, Nov 27, 2023 Lincoln Minerals Limited, Annual General Meeting, Nov 27, 2023, at 09:00 AUS Eastern Standard Time. Location: Level 14, 333 Collins Street Melbourne Victoria Australia Agenda: To lay before the meeting and consider the Annual Financial Statements of the Company in respect of the year ended 30 June 2023 and comprising the Annual Financial Report, the Directors' Report and the Auditor's Report; to adopt remuneration report; to consider the election and reelection of directors; to ratify a prior issue of ordinary shares; to consider the approval of 10% placement facility. Annuncio • Oct 10
Lincoln Minerals Limited Appoints Jonathon Trewartha as Chief Executive Officer, Effective November 3, 2023 Lincoln Minerals Limited announce the appointment of Mr. Jonathon Trewartha as the new Chief Executive Officer, effective November 3, 2023. Mr. Trewartha brings extensive experience in mining, engineering, entrepreneurship and corporate leadership, making him an excellent fit to lead Lincoln Minerals into its next phase of growth. Mr. Trewartha's extensive career spans numerous key positions in the mining industry, highlighting his expertise in exploration, study, approvals, projects and technical operations. He holds a WA First Class Mine Manager's Certificate and has held senior roles both in Australia and overseas, covering a wide spectrum of commodities including copper, gold, silver, uranium, zinc, lead, nickel, diamond, iron, and importantly, graphite. Mr. Trewartha's professional journey has been marked by significant milestones, demonstrating his leadership and strategic acumen. Notable achievements include co-founding and managing a copper mining project in South Australia, playing an integral role in Terramin Australia's remarkable growth, and successfully managing various mining projects globally. In his most recent role as Senior Study Manager at Worley, Mr. Trewartha highlighted his capabilities in overseeing a variety of feasibility studies and leading the preparation of high-quality, multidisciplinary proposals. Mr. Trewartha's diverse skill set and in-depth knowledge in health, safety, and environmental management and community engagement will be pivotal in guiding Lincoln Minerals toward sustained success. Mr. Trewartha will commence on 3rd November 2023. Interim CEO, Mr. Sam Barden will continue in his current role and will assist Mr. Trewartha in November as part of a planned transition program. Annuncio • Sep 02
Lincoln Minerals Limited Announces Director Changes Lincoln Minerals Limited announced the appointment of Mr. John Lam as Non-Executive Director of the company, effective 1st September 2023. Mr. Lam is a highly experienced company director who has substantial experience and an extensive network in the banking and investment industries. From 1991 to 2005, he held senior positions at Hong Kong Bank of Canada (HSBC Bank Canada), HSBC California, and Hang Seng Bank Limited. Mr. Lam subsequently worked at Dah Sing Bank, Limited from September 2005 to February 2012, with his last position as an executive director head of retail banking. Afterward, Mr. Lam acted as the vice chairman and executive director of Nan Fung Property Holdings Limited from 2013 to 2021. He graduated from Ryerson Polytechnical Institute (currently known as Toronto Metropolitan University) in Toronto, Canada, in June 1988, receiving his Bachelor of Business Management degree. He is a fellow of The Institute of Canadian Bankers and a fellow of the Royal Institution of Chartered Surveyors. The Board would like to express its warmest welcome to Mr. Lam for joining the Board. Non-Executive Director Mr. Jason Foley has decided he will not seek re-election as an Independent Non-Executive Director of Lincoln Minerals at the next AGM and has therefore decided to resign as a Director of Lincoln Minerals, effective immediately due to other business commitments. New Risk • Jul 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.2m (US$9.63m) 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$1.5m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 10% per year over the past 5 years. Shareholders have been substantially diluted in the past year (147% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.2m market cap, or US$9.63m). Annuncio • Feb 06
Lincoln Minerals Limited Appoints Catherine Norman as Non-Executive Director and Chair of its Board The Board of Lincoln Minerals Limited announced the appointment of Ms. Catherine Norman as a Non-Executive Director and Chair of its Board, effective immediately. Ms. Norman brings a wealth of experience and knowledge in the resources industry within which she has held executive and board positions in Australia, Europe, Africa and the Middle East over a 35-year career and has a proven track record of leadership and strategic vision. Ms. Norman's appointment further strengthens the Board and brings independence to the position of Chair. Board Change • Jan 23
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Executive Chair & CFO Yoyo Zhang is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Director Jason Foley was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. 