Board Change • May 20
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. 5 non-independent directors. Independent Non-Executive Director Liangbing Yu 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. Board Change • May 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. 5 non-independent directors. Independent Non-Executive Director Liangbing Yu 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. Board Change • Dec 24
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. 5 non-independent directors. Independent Non-Executive Director Liangbing Yu 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 01
Northern Minerals Limited, Annual General Meeting, Nov 27, 2025 Northern Minerals Limited, Annual General Meeting, Nov 27, 2025. Board Change • Aug 18
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. 4 non-independent directors. Independent Non-Executive Director Liangbing Yu 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. Board Change • Feb 04
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. 4 non-independent directors. Independent Non-Executive Director Liangbing Yu 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. New Risk • Jan 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$160.8m (US$99.7m) This is considered a minor 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 Negative equity (-AU$14m). Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$12m net loss in 3 years). Shareholders have been diluted in the past year (36% increase in shares outstanding). Revenue is less than US$5m (AU$4.5m revenue, or US$2.8m). Market cap is less than US$100m (AU$160.8m market cap, or US$99.7m). Board Change • Dec 24
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. 4 non-independent directors. Independent Non-Executive Director Liangbing Yu 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. New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. 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 profits are expected to decline, then in most cases the share price will decline over time as well. 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 Negative equity (-AU$14m). Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$12m net loss in 3 years). Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (AU$4.5m revenue, or US$2.9m). Market cap is less than US$100m (AU$136.1m market cap, or US$89.5m). Annuncio • Sep 16
Northern Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million. Northern Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 263,157,895
Price\Range: AUD 0.019 New Risk • Aug 01
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$21m 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$21m free cash flow). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$24m net loss in 3 years). Shareholders have been diluted in the past year (16% increase in shares outstanding). Breakeven Date Change • Aug 01
Forecast to breakeven in 2025 The analyst covering Northern Minerals expects the company to break even for the first time. New forecast suggests losses will reduce by 14% to 2024. The company is expected to make a profit of AU$1.20m in 2025. Average annual earnings growth of 54% is required to achieve expected profit on schedule. Annuncio • Apr 12
Northern Minerals Limited, Annual General Meeting, Jun 06, 2024 Northern Minerals Limited, Annual General Meeting, Jun 06, 2024. Annuncio • Jan 30
Northern Minerals Limited, Annual General Meeting, Mar 26, 2024 Northern Minerals Limited, Annual General Meeting, Mar 26, 2024. New Risk • Jan 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$147.9m (US$97.3m) This is considered a minor 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$14m free cash flow). Negative equity (-AU$6.5m). Revenue is less than US$1m (AU$6.5k revenue, or US$4.3k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$4.6m net loss in 2 years). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (AU$147.9m market cap, or US$97.3m). Annuncio • Dec 08
Northern Minerals Receives a Notice from Yuxiao Fund Pte Ltd On December 8, 2023, Northern Minerals Limited announced that on December 5, 2023, the Company was of the view that Resolution 2 was invalid and advised Yuxiao Fund whether it agreed that Resolution 1 could be considered at the Company’s 2023 annual general meeting instead of at a separate EGM. The Company added that Yuxiao Fund has written to the Company withdrawing Resolution 2, but it continues to insist that Resolution 1 be considered at a separate EGM under the Notices. The Company stated that it is examining the option of having the EGM and 2023 AGM held on the same day and will keep shareholders updated on any material developments under its continuous disclosure obligations. Annuncio • Dec 06
Northern Minerals Receives a Notice from Yuxiao Fund Pte Ltd On December 5,2023, Northern Minerals Limited announced that referring to its announcements dated November 21, 2023, and November 30, 2023, it received a notice under section 203D and section 249D of the Corporations Act 2001 from Yuxiao Fund Pte Ltd (Yuxiao Fund) at the next general meeting of the Company, the following resolutions: 1) the removal of Nicholas Curtis AM as a director of the Company, 2) to inspect the books of the Company relating to the Company’s expenses incurred during Nicholas Curtis AM’s tenure as the Executive Chairman of the Company. Annuncio • Oct 05
Northern Minerals Limited, Annual General Meeting, Nov 30, 2023 Northern Minerals Limited, Annual General Meeting, Nov 30, 2023. New Risk • Sep 26
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$14m 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$14m free cash flow). Negative equity (-AU$6.5m). Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Revenue is less than US$5m (AU$1.6m revenue, or US$1.1m). Reported Earnings • Mar 17
First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in 1H 2022) First half 2023 results: AU$0.002 loss per share (improved from AU$0.003 loss in 1H 2022). Net loss: AU$7.70m (loss narrowed 42% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Nov 17
No independent directors There are 4 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: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Ming Lu is the most experienced director on the board, commencing their role in 2018. 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 • Apr 27
No independent directors There are 4 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: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Ming Lu is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Executive Departure • Jul 24
Non-Executive Director Yanchung Wang has left the company On the 22nd of July, Yanchung Wang's tenure as Non-Executive Director ended after 7.8 years in the role. We don't have any record of a personal shareholding under Yanchung's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 22
Non-Executive Director Yanchung Wang has left the company On the 22nd of July, Yanchung Wang's tenure as Non-Executive Director ended after 7.8 years in the role. We don't have any record of a personal shareholding under Yanchung's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 22
Non-Executive Director Yanchung Wang has left the company On the 22nd of July, Yanchung Wang's tenure as Non-Executive Director ended after 7.8 years in the role. We don't have any record of a personal shareholding under Yanchung's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 22
Non-Executive Director Yanchung Wang has left the company On the 22nd of July, Yanchung Wang's tenure as Non-Executive Director ended after 7.8 years in the role. We don't have any record of a personal shareholding under Yanchung's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions • Dec 15
Non-Executive Chairman recently sold AU$88k worth of stock On the 7th of December, Colin McCavana sold around 2m shares on-market at roughly AU$0.037 per share. This was the largest sale by an insider in the last 3 months. Colin has been a seller over the last 12 months, reducing personal holdings by AU$147k. 
