New Risk • Mar 14
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$4.6m 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$4.6m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m (AU$278k revenue, or US$195k). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (AU$32.0m market cap, or US$22.4m). New Risk • Jan 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 (20% average weekly change). Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m (AU$39k revenue, or US$27k). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$50.3m market cap, or US$33.9m). お知らせ • Oct 08
Macro Metals Limited, Annual General Meeting, Nov 27, 2025 Macro Metals Limited, Annual General Meeting, Nov 27, 2025. Location: frasers kings park, 60 fraser avenue, perth western australia Australia New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 (21% average weekly change). Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (AU$29.5m market cap, or US$19.4m). New Risk • Sep 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 (20% average weekly change). Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (AU$25.3m market cap, or US$16.8m). お知らせ • Aug 05
Macro Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million. Macro Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 241,282,857
Price\Range: AUD 0.007
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,431,428
Price\Range: AUD 0.007
Transaction Features: Subsequent Direct Listing New Risk • Jan 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% 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 (34% average weekly change). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$56.1m market cap, or US$34.5m). お知らせ • Dec 02
Macro Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 4.025674 million. Macro Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 4.025674 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 402,567,436
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing お知らせ • Nov 25
Macro Metals Limited (ASX:M4M) agreed to acquire 80% stake in Tenements of WA Limestone Pty Ltd. Macro Metals Limited (ASX:M4M) agreed to acquire 80% stake in Tenements of WA Limestone Pty Ltd on November 25, 2024.
The expected completion of the transaction is on or before December 15, 2024. お知らせ • Oct 08
Macro Metals Limited, Annual General Meeting, Nov 26, 2024 Macro Metals Limited, Annual General Meeting, Nov 26, 2024. New Risk • Sep 28
New major risk - Revenue and earnings growth Earnings have declined by 23% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Revenue is less than US$1m (AU$18k revenue, or US$12k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$83.4m market cap, or US$57.6m). Recent Insider Transactions • Mar 20
Non-Executive Director recently bought AU$324k worth of stock On the 19th of March, Tolga Kumova bought around 65m shares on-market at roughly AU$0.005 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$442k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 13
Insider recently bought AU$70k worth of stock On the 6th of March, Tolga Kumova bought around 16m shares on-market at roughly AU$0.0045 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$118k more in shares than they have sold in the last 12 months. お知らせ • Feb 12
Macro Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.3 million. Macro Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 480,000,000
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 345,000,000
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing お知らせ • Jan 16
Macro Metals Limited Announces That Heritage Survey Clearances Have Been Received for the Priority Drill Targets At the Mogul Vms Project in the Pilbara Region of Western Australia Macro Metals Limited announced that heritage survey clearances have been received for the priority drill targets at the Mogul VMS Project in the Pilbara region of Western Australia. The Mogul VMS Project is a Cu-Pb-Zn-Ag-Au project 60km east of Nullagine in Western Australia on tenement E46/1399. The project was acquired by Macro Metals in 2022 and hosts a cluster of gossans including the Mogul and CEC gossan which were discovered in the 1970's and return highly anomalous Copper results of up to 36% Cu and 11% Zn (WAMEX a6531). Diamond drilling undertaken by Carpentaria Exploration in 1975 return 3.65m @ 3.9 % Cu and 3.12 % Zn from 12.75 -16.4 m and 0.4m @ 4.35 % Cu and 9.45 % Zn from 12 -16m (WAMEX a6531). A subsequent 8-hole RC drill program by Peninsular Gold beneath the CEC gossan in 1997 returned best copper results of 4m @ 3.11 % Cu and 1.47 % Zn from 12 -16m and best Zinc results of 4m @ 9.52 % Zn from 40-44m (WAMEX a50290). The prospect geology consists of steeply dipping anticlinal belt of Archean greenstones, metasediments and volcanics, surrounded by younger Archean greywackes, shales, conglomerates, and tuffs. The project is cut by a regional North-South faults with multiple gossans being mapped along the Western strike of the fault. The occurrence of multiple gossans being mapped along the strike of the regional North-South fault also points to the potential for multiple clusters of mineralisation, as seen at prominent VMS deposits such as Golden Grove. Upon acquisition of the project, Macro commissioned an I.P. survey which highlighted two priority exploration targets, with one anomaly down dip from the previously announced high-grade surface mineralisation and drilling. Encouragingly, this historic drilling did not reach the deeper basement responses which the company intends to test using the $180,000 of EIS co-funding, in addition to testing a second, larger I.P. response associated with a resistive zone, lying west of the previously defined Mogul mineralisation. New Risk • Nov 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% 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 (37% average weekly change). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.87m market cap, or US$6.48m). お知らせ • Nov 21
Macro Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.35 million. Macro Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 480,000,000
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 357,500,000
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing お知らせ • Nov 15
Macro Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.35 million. Macro Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 480,000,000
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 357,500,000
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing お知らせ • Sep 28
Macro Metals Limited, Annual General Meeting, Nov 17, 2023 Macro Metals Limited, Annual General Meeting, Nov 17, 2023. New Risk • Sep 25
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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 1.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$5.96m market cap, or US$3.84m). 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 (23% increase in shares outstanding). New Risk • Sep 09
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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 1.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$6.96m market cap, or US$4.44m). 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 (23% increase in shares outstanding). お知らせ • Dec 16
Macro Metals Limited Announces Change of Company Secretary Macro Metals Limited (formerly Kogi Iron Limited) (the Company) announced that, Vistra Australia continues to undertake the Company Secretarial role noting that Ms Patricia Vanni de Oliveira will step down as appointed Company Secretary and Mr. Stefan Ross appointed in the office holder position as Company Secretary effective today. Mr. Ross has over 10 years' experience in accounting and secretarial services for ASX listed companies. His extensive experience includes ASX compliance, corporate governance control and implementation, statutory financial reporting and board and secretarial support. The Board wishes to thank Patricia for her contributions to the Company over the last 10 months and wishes her well for her future endeavours. Recent Insider Transactions • Dec 06
Insider recently sold AU$51k worth of stock On the 2nd of December, Peter Gianni sold around 6m shares on-market at roughly AU$0.0082 per share. This transaction amounted to 8.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$6.6k more than they bought in the last 12 months. Board Change • Nov 17
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 Chairman Peter Huljich was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Oct 27
Kogi Iron Limited, Annual General Meeting, Nov 29, 2022 Kogi Iron Limited, Annual General Meeting, Nov 29, 2022, at 14:00 W. Australia Standard Time. Location: at The Celtic Club, 48 Ord Street West Perth Western Australia Australia Agenda: To receive and consider the financial report of the Company and the related reports of the Directors (including the Remuneration Report) and auditors for the year ended 30 June 2022; to consider Adoption of Remuneration Report; to consider Election of Mr. John Campbell Smyth as a Director of the Company; to consider Re-Election of Mr. Peter Huljich as a Director of the Company; to consider Approval of Appointment of Auditor; to consider Change of Company Name to Macro Metals Limited; to consider Approval of 10% additional placement Facility; and to consider other matters. Reported Earnings • Oct 01
Full year 2022 earnings released: AU$0.003 loss per share (vs AU$0.003 loss in FY 2021) Full year 2022 results: AU$0.003 loss per share (in line with FY 2021). Net loss: AU$3.15m (loss widened 15% from FY 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. お知らせ • Sep 28
Kogi Iron Limited (ASX:KFE) acquired MOGUL COPPER-ZINC VMS PROJECT from Mining Equities Pty Ltd for AUD 0.01 million. Kogi Iron Limited (ASX:KFE) acquired MOGUL COPPER-ZINC VMS PROJECT from Mining Equities Pty Ltd for AUD 0.01 million on September 28, 2022.
Kogi Iron Limited (ASX:KFE) completed the acquisition of MOGUL COPPER-ZINC VMS PROJECT from Mining Equities Pty Ltd on September 28, 2022. お知らせ • Aug 15
Kogi Iron Limited Announces Board Changes Kogi Iron Limited announced that Mr. Sean Gregory has tendered his resignation as Non-Executive Chairman and Director, effective 15 August 2022. In addition, the Board announced the appointment of Mr. John Campbell Smyth as a Non-Executive Director, effective 15 August 2022. Mr. Smyth has over 25 years of experience in the fund management, capital markets and corporate finance of the venture capital and resource sectors, and has been principal in the foundation and startup of many exploration successes through to production both on the ASX and TSX. His experience includes specialist sector fund management, specializing in the microcap and venture capital area of the commodity sectors, and he has assisted in raising over $500 million of capital raising for junior resource companies. He is a graduate of the University of Western Australia, (Bachelor of Commerce) and completed postgraduate studies in Economics at Oxford University (Pembroke College). He is currently non-executive director of Amani Gold (ASX), Allup Silica (ASX), and Nubian Resources (TSX), and non-executive chairman of Norseman Silver (TSX) and Orange Minerals (ASX). The Board has also elected Mr. Peter Huljich as Non-Executive Chairman. お知らせ • Aug 08
Kogi Iron Limited Announces Change of Principal Place of Business Kogi Iron Limited announced that the Principal Place of Business for the Company has changed to the following address: c/- Vistra Australia (Melbourne) Pty LtdLevel 4, 96-100 Albert Road, South Melbourne VIC 3205. The Company's telephone number is: +61-3-9692-7222. お知らせ • Jun 23
Kogi Iron Limited Announces Board Changes Kogi Iron Limited advised that the Company has resolved to restructure its Board and Management. Non-Executive Chairman, Mr. Craig Hart and Non-Executive Director Mr. Richard Little offered to step down from the Board. The Board has accepted their resignations with immediate effect. Mr. Little has agreed to continue to provide financial management services on a consulting basis until a transition is effected. Mr. Ashley Pattison, Mr. Peter Huljich, and Mr. Sean Gregory are continuing as Non-Executive Directors. The Board has elected Mr. Sean Gregory as Non-Executive Chairman. The Board has resolved to commence the search for a dedicated Chief Executive Officer to drive theCompany's projects to the next level in their development. During this time, the business case for the Agbaja Iron and Steel project has significantly improved with the recent developments in the global and Nigerian steel market as highlighted in the Fastmarkets report and earlier Scoping Study. The company's asset base has also been diversified with the acquisition of the Western Australian Macro iron ore projects. Both of these projects now demand the focus of a dedicated Chief Executive Officer and a search has now commenced. Board Change • Apr 27
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). Independent Non-Executive Director Peter Huljich is the most experienced director on the board, commencing their role in 2019. They were also the last independent director to join the board. 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. お知らせ • Apr 08
Kogi Iron Limited, Annual General Meeting, May 31, 2022 Kogi Iron Limited, Annual General Meeting, May 31, 2022. Reported Earnings • Mar 17
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.002 loss per share (vs AU$0.002 loss in 1H 2021). Net loss: AU$1.54m (loss widened 25% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. お知らせ • Feb 18
Kogi Iron Limited Commences the Initial Steps of Phase 1 of the Project Feasibility Study Kogi Iron Limited has commenced the initial steps of Phase 1 of the project feasibility study with the appointment of consultants who have been engaged to provide detailed project operating cost review. The feasibility study will be completed utilising a phased approach allowing tollgates, progressive assessment and evaluation at each stage. This approach will maximise the flexible options and opportunities that may arise during the course of the feasibility study. Phase 1 of the feasibility study will include a detailed operating cost estimate to augment the Company's working model for the economics of the Project. The operating cost estimate will include the build-up of a full mass and energy balance for the Project with input from leading engineering consultants. The likely revenue model for the Project is based on the `fastmarkets metal bulletin study' as announced to the ASX on 6 June 2019 will also be considered. The scope of phase 1 work has been agreed and these activities are being funded from existing cash balances. Consultants have been selected and will be appointed to commence this stage in the week commencing 22 February 2021. Phase 2 of the feasibility study will undertake further testwork utilising the 50 tonne bulk sample presently stored in South Africa. The testwork will include beneficiation testwork to manufacture bulk-scale samples for pre-reduction and refining testwork. Proposals have been received and are currently being evaluated. Phase 3 of the feasibility study will overlap with the second phase and will be the detailed engineering to design the final flowsheet and estimate the capital and operating costs to a +/-15% level of accuracy, or sufficient to support the financing of the Project. Numerous ancillary studies will run in parallel in areas such as mineral resources, mine planning, mining costs, infrastructure, geotechnical, hydrology, hydrogeology, environmental impact and economic analysis. Critical success factors that will be addressed as a priority as the feasibility study progresses include: Technical - refining tests including removal of phosphorous; Infrastructure - the provision of the most appropriate and affordable power source to deliver project viability and sustainability; and Government Foreign Investment Policy - facilitation of market entry for replacement of steel imports, and a possible support and subsidisation of the option for competitive gas supply. お知らせ • Dec 16
Kogi Iron Limited Approves Appointment of Directors Kogi Iron Limited at AGM held on December 15, 2020 approved appointment of TIM LEBBON and ANGUS MIDDLETON as director of the company. お知らせ • Nov 10
Kogi Iron Limited Announces Board Changes Greg Boulton has retired as Chairman of the Kogi Iron Limited’s board, and David Turvey has retired as Managing Director, both are effective immediately. They will continue as Non-Executive Directors of the Board until the completion of the AGM. Craig Hart has been appointed to the role of Chairman, effective immediately, so that he can take forward all third party commercial discussions and a remit to formulate a coherent and clear plan that he will present to shareholders at the upcoming AGM. The board have appointed Richard Little and Sean Gregory as Non-Executive Directors effective immediately. Richard Little brings to the board 25 years' experience as a Chief Financial Officer, General Manager and Client Director with finance and operational experience working within ASX listed companies as well as medium and large privately-owned resources organizations in Australia and South-East Asia. Sean is presently CEO at Great Southern Mining, previous Non-Executive director at Barra Resources. To assist the board in confirming its strategic path and to assist in presenting a full and considered plan to the shareholders' meeting, the company has appointed Canaccord Genuity as its corporate and capital raising adviser. 
