お知らせ • Apr 26
DiscovEx Resources Limited, Annual General Meeting, May 24, 2024 DiscovEx Resources Limited, Annual General Meeting, May 24, 2024, at 11:30 W. Australia Standard Time. Location: PKF Boardroom, Level 5 , 35 Havelock Street West Perth Australia Agenda: To consider change to nature and scale of activities; to issue of share to latitude shareholders in consideration for proposed acquisition; to approval issue shares under the public offer; to approval issue options; and to discuss other matters. お知らせ • Apr 06
DiscovEx Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million. DiscovEx Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012 お知らせ • Oct 24
DiscovEx Resources Limited, Annual General Meeting, Nov 23, 2023 DiscovEx Resources Limited, Annual General Meeting, Nov 23, 2023, at 09:30 W. Australia Standard Time. Location: PKF Boardroom, Level 5 35 Havelock Street, West Perth WA Australia Agenda: To receive and consider the financial statements of the Company for the year ended 30 June 2023, together with the Directors' Report and the Auditor's Report as set out in the Annual Report; to consider Non-binding resolution to adopt Remuneration Report; to consider re-election of Director Heath Hellewell; and to consider additional 10% Placement Capacity. New Risk • Sep 28
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$3.0m 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$3.0m free cash flow). Share price has been highly volatile over the past 3 months (34% average weekly change). Revenue is less than US$1m (AU$183k revenue, or US$117k). Market cap is less than US$10m (AU$8.26m market cap, or US$5.26m). お知らせ • Jan 31
DiscovEx Resources Limited Provides Sylvania Exploration Update DiscovEx Resources Limited announced that statutory approvals have been received from the Department of Mines, Industry Regulation and Safety relating to the grant of E52/3887 within the Sylvania Project, Newman WA. The tenement is located on the southern margin of the Archaen Sylvania Inlier and is prospective for gold and base metal mineralisation. Following the grant of the tenement, exploration activities were immediately started including the completion of a gravity survey at the Murphy's Prospect. The survey identified potential Archaen greenstone within the Sylvania Inlier, with this prospective geology located close to the contact with the overlying sediments of the Bangemall Basin. The location of this prospect area issignificant given the 2.29Moz Karlawinda Deposit 2 is located in a geologically analogous position approximately 57km to the east. Historic drill defined gold mineralisation at the Jim's Vein and Deadmans Hill prospects in neighbouring tenure are also located in a similar setting, approximately15km to the east and 5km to the west respectively. The E52/3887 tenement straddles the southern margin of the Sylvania Inlier, ~5km east of theDeadman's Hill greenstone belt and ~57km west of the Karlawinda Gold Project. The majority of the southern margin is obscured by recent transported sands and alluvium, making it difficult to determine exactly where the Sylvania Inlier is in contact with the overlying Fortescue Groupand Bangemall Basin sediments. To provide additional confidence to the existing airborne magnetics data, a gravity survey was completed to confirm the location of this contact as well as providing additional information on a 2.5km long by 2km wide magnetic anomaly north of the interpreted contact.Results from the gravity survey, which was completed on 250m x 250m centres have confirmed the location of the Sylvania Inlier contact and also generated a gravity high north of the contact, coincident with the magnetic anomaly. These two elevated geophysical responses are interpreted asrepresenting buried Archaen greenstone of the Sylvania Inlier and is a significant target area that will be drill tested once heritage and statutory compliance approvals have been received. Geochemical sampling was completed at the Contact Prospect and included 37 surface sampleassayed for a full suite of geochemical elements. Rock chips were selectively sampled targeting exposed rock and weathered saprolite where well developed foliation and fuchsite alteration was observed. This semi-continuous zone of shearing and alteration has been mapped over a strikelength of ~2.5km and is almost exclusively hosted within mafic lithologies. Occasional <1m wide pegmatite occurrences were also noted as part of the sampling exercise and were submitted for analysis. Results have confirmed that the Contact shear zone is mineralised along its length, with higher tenor gold results often present as the structure becomes proximal to a strike parallel banded iron unit. Assays up to 0.13g/t Au (130ppb Au) were returned within this area and were often coincident with additional pathfinder elements including elevated antimony and silver, with assays peaking at 4.12 ppm and 1.08ppm. A request has been lodged with Traditional Owners for Heritage clearance of several lines for first pass AC drilling, not only where surface mineralisation has been observed, but also to the north- west where the structure continues towards the Nanjilgardy Fault. The intersection between this regionally significant structure and the contact shear zone is completely obscured by transported cover but is a compelling target area for future investigation. Board Change • Sep 11
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. Non-Executive Chairman Heath Hellewell was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Apr 28
MD & Executive Director has left the company On the 23rd of April, Bradley Drabsch's tenure as MD & Executive Director ended after 1.4 years in the role. As of December 2020, Bradley personally held 12.50m shares (AU$100k worth at the time). A total of 2 executives have left over the last 12 months. Executive Departure • Mar 11
Independent Non-Executive Chairman Peter Langworthy has left the company On the 11th of March, Peter Langworthy's tenure as Independent Non-Executive Chairman ended after 9.0 years in the role. As of December 2020, Peter personally held 19.45m shares (AU$156k worth at the time). Peter is the only executive to leave the company over the last 12 months.