Board Change • May 20
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Alex Tunnadine is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • May 01
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Alex Tunnadine is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Annuncio • Oct 08
Golden State Mining Limited, Annual General Meeting, Nov 27, 2025 Golden State Mining Limited, Annual General Meeting, Nov 27, 2025. Annuncio • Sep 01
Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 62,500,000
Price\Range: AUD 0.008
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: AUD 0.008
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Aug 18
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 Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 04
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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Oct 22
Golden State Mining Limited, Annual General Meeting, Nov 22, 2024 Golden State Mining Limited, Annual General Meeting, Nov 22, 2024. Location: stantons, level 2, 40 kings park road, west perth wa 6005, Australia New Risk • Mar 15
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$3.5m 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$3.5m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 6.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (139% increase in shares outstanding). Revenue is less than US$1m (AU$61k revenue, or US$40k). Market cap is less than US$10m (AU$3.35m market cap, or US$2.21m). Annuncio • Nov 22
Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.812124 million. Golden State Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.812124 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 47,772,000
Price\Range: AUD 0.017
Transaction Features: Subsequent Direct Listing New Risk • Nov 17
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$2.7m 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$2.7m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m (AU$30k revenue, or US$20k). Market cap is less than US$10m (AU$4.59m market cap, or US$2.98m). Annuncio • Nov 15
Golden State Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.812124 million. Golden State Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.812124 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 47,772,000
Price\Range: AUD 0.017
Transaction Features: Subsequent Direct Listing Annuncio • Oct 28
Golden State Mining Limited, Annual General Meeting, Nov 29, 2023 Golden State Mining Limited, Annual General Meeting, Nov 29, 2023, at 11:00 W. Australia Standard Time. Location: Stantons, Level 2, 40 Kings Park Road, West Perth, Western Australia West Perth Australia Agenda: To receive the Financial Report, together with the Directors' Report and the Auditor's Report, for the financial year ended 30 June 2023; to adopt the Remuneration Report; to consider re-election of mr brenton siggs as a director; to consider and approval of 10% placement facility; and to deal with any other business that may be brought forward in accordance with the Constitution and the Corporations Act. 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$2.7m 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$2.7m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m (AU$93k revenue, or US$60k). Market cap is less than US$10m (AU$6.88m market cap, or US$4.42m). New Risk • Jul 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 64% 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 (33% average weekly change). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.88m market cap, or US$4.70m). Annuncio • Jun 03
Golden State Mining Limited, Annual General Meeting, Jul 05, 2023 Golden State Mining Limited, Annual General Meeting, Jul 05, 2023, at 11:00 W. Australia Standard Time. Location: Stantons, Level 2, 40 Kings Park Road West Perth Western Australia Australia Agenda: To consider the ratification of issue of tranche 1 placement shares using 15% placement capacity; to consider the ratification of issue of tranche 1 placement shares using 10% placement capacity; to consider the approval to issue tranche 2 placement shares; to consider the approval to issue tranche 2 placement shares; to consider the approval to issue lead manager options; and to consider the ratification of agreement to issue 2028 options. Board Change • Apr 14
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 24
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jan 18
Golden State Mining Limited Updates on Exploration Projects and Drill Program Being Planned At Four Mile Well Project Near Laverton, Western Australia Golden State Mining Limited provided an update on its exploration projects and a new drill program being planned at the Four Mile Well project near Laverton, Western Australia. A new Exploration Licence located to the north of the Company's existing tenure has recently been granted GSM recently completed an ultra-fine fraction soil sampling traverse over an historic arsenic-bismuth +/- gold soil anomaly on the newly granted tenement E38/3632. The UFF gold results reinforce the elevated gold response to historic regional soil sampling over a magnetic responsive corridor on which historic water bore drill chips were identified as altered greenstone lithologies . The Company has now received DMIRS approval for a reconnaissance air-core drill program over prospective parts of this geochemical traverse. This AC drill program is scheduled to commence in February 2023. Southern Cross East - Gold project Three exploration licences located approximately 60km north-east of the well-endowed gold mining camp of Southern Cross have recently been granted, for a total of 620km. The granted tenements include interpreted buried Archaean rocks within a favourable orogenic gold structural setting. The project area has had negligible on-ground exploration. The structural setting is believed to comprise a series of thrust faults dislocated by minor secondary dilational structures which are prospective for orogenic gold mineralisation. Regional soil sampling and field reconnaissance programs are scheduled to commence this month. An exploration licence located 95km north-northeast of Laverton has also recently been granted. The tenement captures ground located on the same crustal feature as St George Mining's Mt Alexander nickel sulphide deposit and is considered an analogous geological setting for magmatic nickel +/-copper sulphide potential. As seen at Mt Alexander, the interpreted host rocks at Yamarna are fractured and intruded by Proterozoic dykes and considered similar to the setting at Mt Alexander. Board Change • Nov 17
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 05
Full year 2022 earnings released: AU$0.036 loss per share (vs AU$0.05 loss in FY 2021) Full year 2022 results: AU$0.036 loss per share. Revenue: AU$945.0k (up 33% from FY 2021). Net loss: AU$3.16m (flat on FY 2021). Board Change • Oct 05
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.021 loss per share (up from AU$0.038 loss in 1H 2021). Revenue: AU$945.0k (up 271% from 1H 2021). Net loss: AU$1.77m (loss narrowed 17% from 1H 2021). Revenue was in line with analyst estimates. Board Change • Dec 31
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 02
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. 4 experienced directors. No highly experienced directors. Independent Non-Executive Director Brenton Siggs was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.