Siren Gold（SNG）株式概要セイレーン・ゴールド社（Siren Gold Limited）は、その子会社とともに、オーストラリアとニュージーランドで金鉱の探査と評価を行っている。 詳細SNG ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績3/6財務の健全性4/6配当金0/6報酬株価収益率（ 1.6 x） Australian市場（ 17.7 x）を下回っています。今年は黒字化を達成 リスク分析過去1年間で株主の希薄化は大幅に進んだ 意味のある時価総額がありません ( A$13M )高いレベルの非現金収入 収益が 100 万ドル未満 ( A$0 )すべてのリスクチェックを見るSNG Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW486,488 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA486,488 investors already sharing narrativesYour Fair ValueAU$Current PriceAU$0.043該当なし内在価値ディスカウントEst. Revenue$PastFuture-9m8m2016201920222025202620282031Revenue AU$23.0Earnings AU$0AdvancedSet Fair ValueView all narrativesSiren Gold Limited 競合他社Bulletin ResourcesSymbol: ASX:BNRMarket cap: AU$10.9mGullewaSymbol: ASX:GULMarket cap: AU$14.0mAntilles GoldSymbol: ASX:AAUMarket cap: AU$19.7mZuleika GoldSymbol: ASX:ZAGMarket cap: AU$34.3m価格と性能株価の高値、安値、推移の概要Siren Gold過去の株価現在の株価AU$0.04352週高値AU$0.1452週安値AU$0.042ベータ0.601ヶ月の変化-10.42%3ヶ月変化-46.25%1年変化-12.24%3年間の変化-60.91%5年間の変化-81.70%IPOからの変化-90.44%最新ニュースBoard Change • May 20Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • May 01Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 25Siren Gold Limited, Annual General Meeting, May 27, 2026Siren Gold Limited, Annual General Meeting, May 27, 2026. Location: at level 2 41 ord street, west perth, wa 6005, AustraliaBoard Change • Dec 24Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Aug 18Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Aug 16Siren Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.Siren Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 45,740,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 34,260,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Transaction Features: Subsequent Direct Listing最新情報をもっと見るRecent updatesBoard Change • May 20Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • May 01Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 25Siren Gold Limited, Annual General Meeting, May 27, 2026Siren Gold Limited, Annual General Meeting, May 27, 2026. Location: at level 2 41 ord street, west perth, wa 6005, AustraliaBoard Change • Dec 24Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Aug 18Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Aug 16Siren Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.Siren Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 45,740,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 34,260,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Transaction Features: Subsequent Direct Listingお知らせ • Aug 15Siren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.Siren Gold 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: 45,740,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 34,260,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Transaction Features: Subsequent Direct Listingお知らせ • Mar 21Siren Gold Limited, Annual General Meeting, May 14, 2025Siren Gold Limited, Annual General Meeting, May 14, 2025.お知らせ • Jan 06+ 1 more updateSiren Gold Limited Announces Resignation of Victor Rajasooriar as Chief Executive Officer, Effective 31 December 2024Siren Gold Limited advised that Mr. Victor Rajasooriar has resigned as Chief Executive Officer of the Company, effective 31 December 2024. At this time, it is anticipated that Mr. Rajasooriar will remain in his position until 30 June 2025, following expiry of the 6-month notice period for termination of the consultancy agreement through which he is engaged. Mr. Rajasooriar has indicated to the Company that he is taking necessary steps to claim accelerated vesting of his unvested incentive securities.お知らせ • Nov 26Rua Gold Inc. (CNSX:RUA) acquired Reefton Project of Siren Gold Limited from Siren Gold Limited (ASX:SNG).Rua Gold Inc. (CNSX:RUA) agreed to acquire Reefton Project of Siren Gold Limited from Siren Gold Limited (ASX:SNG) for AUD 20 million on July 14, 2024. A cash consideration of AUD 2 million will be paid by Rua Gold Inc. The consideration consists of 83.93 million common equity of Rua Gold Inc. having a value of AUD 18 million to be issued for assets of Reefton Project of Siren Gold Limited. As part of consideration, AUD 20 million is paid towards assets of Reefton Project of Siren Gold Limited. The transaction is subject to approval of offer by acquirer shareholders, approval of offer by target shareholders and consummation of due diligence investigation. Shareholders of Siren Gold Limited approved the transaction. As of October 28, 2024, the security holders of Siren Gold Limited approved the deal. The expected completion of the transaction is October 1, 2024 to December 31, 2024. Red Cloud Securities, Inc. acted as financial advisor for Siren Gold Limited. Steinepreis Paganin acted as legal advisor for Siren Gold Limited. Cassels Brock & Blackwell LLP acted as legal advisor for Siren Gold Limited. Cormark Securities Inc. acted as financial advisor for Rua Gold Inc. McMillan LLP acted as legal advisor for Rua Gold Inc. Simpson & Grierson acted as legal advisor for Rua Gold Inc. Rua Gold Inc. (CNSX:RUA) completed the acquisition of Reefton Project of Siren Gold Limited from Siren Gold Limited (ASX:SNG) on November 25, 2024.お知らせ • Oct 29Federation Mining Pty Ltd cancelled the acquisition of Siren Gold Limited (ASX:SNG) for AUD 23.6 million in a reverse merger transaction.Federation Mining Pty Ltd signed a letter of intent to acquire Siren Gold Limited (ASX:SNG) for AUD 23.6 million in a reverse merger transaction on October 25, 2024. The consideration consists of common equity of Federation Mining Pty Ltd at a ratio of 0.96 per common equity of Siren Gold Limited. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation, obtaining financing and termination of RUA acquisition agreement and signing of definitive agreement. Federation Mining Pty Ltd cancelled the acquisition of Siren Gold Limited (ASX:SNG) in a reverse merger transaction on October 28, 2024.New Risk • Sep 11New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.2m 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$3.2m free cash flow). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m (AU$3.2k revenue, or US$2.1k). Market cap is less than US$10m (AU$12.6m market cap, or US$8.41m).New Risk • Jul 17New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: AU$14.8m (US$9.95m) 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 Earnings have declined by 17% 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. Market cap is less than US$10m (AU$14.8m market cap, or US$9.95m).New Risk • May 31New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$16.0m market cap, or US$10.6m).お知らせ • Apr 02Siren Gold Limited, Annual General Meeting, May 15, 2024Siren Gold Limited, Annual General Meeting, May 15, 2024.お知らせ • Feb 28Siren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million.Siren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 40,200,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,800,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Transaction Features: Subsequent Direct Listingお知らせ • Dec 30+ 1 more updateSiren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 0.295 million.Siren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 0.295 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 295,000,000 Price\Range: AUD 0.001 Transaction Features: Subsequent Direct Listingお知らせ • Oct 23Siren Gold Limited, Annual General Meeting, Nov 23, 2023Siren Gold Limited, Annual General Meeting, Nov 23, 2023, at 10:00 W. Australia Standard Time. Location: Level 2, 41 Ord Street West Perth Western Australia Australia Agenda: To consider ratification of prior issue of tranche 1 shares; to consider ratification of prior issue of tranche 1 shares; to consider approval to issue tranche 1 options; to consider approval to issue tranche 2 securities to unrelated party; to consider approval to issue tranche 2 securities to Brian Rodan; to consider approval to issue tranche 2 securities to keith murray; to consider approval to issue tranche 2 securities to victor Rajasooriar; to consider approval to issue options to Brian Rodan; to consider approval to issue options to Keith Murray; to consider approval to issue options to victor Rajasooriar; to consider approval to issue options to Paul Angus.お知らせ • Sep 20Siren Gold Limited Appoints Victor Rajasooriar as Non-Executive DirectorSiren Gold Limited announced the appointment of Mr. Victor Rajasooriar as a Non-Executive Director. The appointment of Mr. Victor Rajasooriar is part of an ongoing strengthening of the Siren Board of Directors as the Company embarks on its next phase of growth. The appointment adds significant mining, governance, and corporate capability to the Siren Board. Mr. Rajasooriar will be an integral member of the Siren Board as company progress the Company towards its next stage of development. He is currently the Managing Director of Panoramic Resources Ltd., and brings a wealth of diverse mining and leadership experience to Siren. Mr. Rajasooriar is a highly experienced Australian mining executive and Board Director who has more than 25 years of operational and technical experience across both underground and open pit mining operations. Mr. Rajasooriar's distinguished career has seen him hold senior roles with major resource companies, including Managing Director and CEO of Echo Resources Limited until the completion of a takeover by Northern Star Resources Limited. Prior to joining Echo, Victor held the role of Chief Operating Officer for leading underground mining contractor Barminco and has held senior technical roles with Gold Fields and Newmont Mining. At Newmont this included operational responsibility for the Waihi Gold Operation in the North Island of New Zealand between 2006 - 2008. Victor holds a Bachelor of Engineering (Mining) from the WA School of Mines and is a member of both the Australian Institute of Company Directors and the Australasian Institute of Mining and Metallurgy. Date of appointment is 18 September 2023.Board Change • Apr 03Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Jan 31Siren Gold Limited Announces Global Resource Reaches Key 1Moz MilestoneSiren Gold Limited provided an update on the Mineral Resource Estimate (MRE) for the Alexander River and Sams Creek Projects. Highlights: Global resource has increased to 10.2Mt @ 3.0g/t Au for 994koz (100% basis) at a 1.5g/t Au cut-off; The Alexander River Inferred MRE has increased to 1.07Mt @ 5.0g/t Au for 170koz at a 1.5g/t cut-off; Alexander River Resource increase of 30% with grade increasing 22%, based on the inclusion of data from 31 trenches; Sams Creek MRE has increased to 9.1Mt @ 2.8g/t Au for 824koz at a 1.5g/t cut-off; Sams Creek Resource now incorporates data from the Bobby Dazzler deposit of 16.7koz at 2.6g/t Au.; Significant exploration potential exists at both Sams Creek and Alexander River for further Resource increases, with deposits open along strike and at depth. Background: Siren holds a large, strategic package of tenements in the Reefton, Lyell and Sams Creek Goldfields in the South Island of New Zealand. Western New Zealand was originally part of Gondwana and lay adjacent to eastern Australia until around 80 Ma ago. The NW of the South Island of New Zealand comprises an area of predominantly early Paleozoic rocks in broad northerly trending belts that terminate at the Alpine Fault (Figure 1). The Paleozoic sequence is divided into the Buller Terrane, Takaka Central and Takaka Eastern Belts. These belts are interpreted to correspond with the Western, Central and Eastern belts of the Lachlan Fold Belt. The Buller and Western Lachlan belts contain orogenic gold deposits like Bendigo, Ballarat and Fosterville in Australia and the Reefton and Lyell Goldfields in New Zealand. The Eastern Takaka and Eastern Lachlan belts host Sams Creek porphyry-Au and porphyry copper-gold deposits, like Cadia and Ridgeway, respectively. The Reefton Goldfield was discovered in 1866 and produced +2M oz of gold at an average recovered grade of 16g/t from 84 historic mines, plus an estimated alluvial gold production of 8Moz. Most underground mining ceased by 1942, with the famous Blackwater mine closing in 1951 when the shaft failed after producing ~740koz of gold down to 710m below surface. Siren's key projects include Alexander River, Big River, Auld Creek, Cumberland, Lyell and Sams Creek. Geology: The Alexander River Project (Exploration Permit 60446) is located ~26km southeast of Reefton, in a mostly fault-bounded sliver of Greenland Group rocks 7kms southeast of the main Reefton Goldfield block. It is bounded by undeformed granite to the west, and by a metamorphic core complex to the east. The Alexander mineralisation outcrops for over 1.2kms and is comprised of high-grade quartz reefs and disseminated mineralisation. Surface trenching and channel sampling show that the mineralisation ranges from 2-15m thick, with an average thickness and grade of 4m @ 8g/t Au. Surface sampling identified four mineralised shoots, named Bull, McVicar, Bruno and Loftus-McKay. Only the McVicar East Shoot was mined to any extent, with the shallow plunging shoot mined to 250m below surface, extracting 41koz at an average recovered grade of 26g/t Au before the mine closed in 1942. Structural mapping has confirmed that the Alexander River mineralised zone can be divided into two structural domains. The Bull-McVicar-Bruno reef track is ENE striking, steeply SE dipping, while the Loftus-McKay reef track extends from Bruno into Mullocky Creek and is NNE-striking and dips 50o to the NW. In both structural domains, it appears that the intersection between an anticline hinge and a mineralised fault likely controls the trend and plunge of Au-bearing shoots. The arsenic soil anomaly extends from Bull and ends around the last known outcrop of the Loftus-McKay Shoot near Pad 28, where the shoot is interpreted to be offset approximately 150m to the north by a NNW trending Mullocky Fault. This interpretation is based on the offset of a dolerite dyke and the absence of the Loftus-McKay Shoot in holes drilled from the next two pads to the north.お知らせ • Jan 24+ 1 more updateSiren Gold Limited Provides Update on its Auld Creek ProspectWestern New Zealand was originally part of Gondwana and lay adjacent to eastern Australia until around 80 Ma ago. The NW of the South Island of New Zealand comprises an area of predominantly early Paleozoic rocks in broad northerly trending belts, which terminate at the Alpine Fault. The Paleozoic sequence is divided into the Buller Terrane, Takaka Central and Takaka Eastern Belts. These belts are interpreted to correspond with the Western, Central and Eastern belts of the Lachlan Fold Belt. The Buller and Western Lachlan belts contain orogenic gold deposits like Bendigo, Ballarat and Fosterville in Australia and the Reefton and Lyell Goldfields in New Zealand. Gold and stibnite are currently being mined at the Mandalay Resources Costerfield mine in Victoria. The Costerfield lodes are typically anastomosing, en-echelon style, narrow-vein systems, which dip from 25° to 70° west to 70° to 90° east. Mineralised shoots are observed to plunge to the north, when structurally controlled, and south when bedding controlled. The mineralisation occurs as single lodes and vein stockworks. The mineralised lodes vary from massive stibnite with microscopic gold to quartz-stibnite, with minor visible gold, pyrite, and arsenopyrite. The average production grade since 2010 has been 8.9g/t Au, 3.6% Sb for 17.4g/t AuEq. Nagambie Resources are currently exploring for gold and stibnite at the Nagambie Mine 45kms to the east of Costerfield. Nagambie has drilled number of diamond holes down to around 230m and has intersected a number of steeply west dipping zones of Au-Sb mineralisation, with massive stibnite veins up to 200mm wide, similar to that found at Auld Creek. Drillhole intersections reported by Nagambie are shown in Table 6. These intersections have an estimated horizontal thickness (EHT) or true width of 1.9m averaging 2.9g/t Au, 6.2% Sb for 17.3g/t AuEq (33-gram metres AuEq). If the same criteria are applied to Auld Creek drillhole intersections (>1.2m EHT, > 3g/t minimum cut-off grade (MCOG) AuEq, and > 1.0% Sb), then Auld Creek weighted average true widths are 4.8m at 3.4g/t Au, 3% Sb for 10.5g/t AuEq (50-gram metre AuEq). The Auld Creek mineralisation is considerably thicker than the Costerfield and Nagambie mineralisation, with lower but still significant grades. The greater thickness at Auld Creek would allow for more favourable mechanised mining. Field exploration will continue over the next quarter with additional mapping soil sampling and trenching followed by diamond drilling in first quarter 2023, subject to Department of Conservation (DoC) access. Infill soil sampling will be extended to the north and south of the Fraternal Bonanza area. Trenching will continue, targeting 100m spacing along the Fraternal, Fraternal North and Bonanza mineralised zones. A DoC Access agreement has been submitted, which will allow drilling of the Fraternal, Fraternal North and Bonanza Shoots, initially down to around 300m. The Energetic mine to the north was mined to around 600m below surface and the Globe Progress mine to the south was mined to 420m, where the mineralisation was offset by the Chemist Shop Fault. The mineralisation on the other side of the fault has not been found. Subject to further trench results, the initial drilling will focus on defining the extent (height) and plunge of the Fraternal, Fraternal North and Bonanza Shoots.お知らせ • Jan 21+ 2 more updatesSiren Gold Limited Provides Metallurgical Results and Process Plant Scoping Study UpdateThe flotation recovery remained at 97% and the leach recovery increased to 93.6%, giving an overall recovery of 90.1% 3. Since 2017 head grades have exceeded 20g/t Au. The similarities between Fosterville and Reefton support the testwork results on Reefton samples 1 to 7 and the proposed flowsheet. A review of Sam's Creek testwork conducted by GRDMacraes in 2004 identified the potential for 84% gold recovery via whole of ore direct leach and 91% gold recovery with flotation, concentrate oxidation and cyanide leach. The testwork identified a promising response to flotation with 9698% of the gold reporting to the concentrate at a mass pull of ~6%. Mineralogical, petrographic and geochemical analysis supported the testwork findings that the gold is finely disseminated within a sulphide matrix, predominantly arsenopyrite, galena and chalcopyrite 4. A flowsheet similar to that proposed for Siren's Reefton resources would therefore be applicable. In 2004 Laboratory test work was reported by GRD-Macraes on four composite samples from Sams Creek diamond core. Direct leaching, flotation and leaching of the flotation concentrate were tested. The four samples were each ground to an unspecified sizing but the report states the grind time was twice as long as the Macraes ore. A flotation concentrate over 26 minutes was produced with high gold and sulphur recoveries. Gold recoveries ranged from 95.6% to 97.7% and sulphur recoveries from 92.6% to 94.4%. Flotation tailings were low enough in gold for disposal. Three sets of cyanide leach tests were reported. The first tests were leaches on the samples after grinding. As shown below gold extractions ranged from 79.3% to 87.5%. The results demonstrate that there is a component of refractory gold present. The second and third cyanide leach tests were on the flotation concentrate. One test leached the flotation concentrate as received and the other test conducted a nitric acid leach (effectively an oxidation step) followed by a cyanide leach. The leaches on the flotation concentrate as received again confirm the presence of a refractory component which also floated, hence is presumably a sulphide. Three of the four acid (oxidation) leaches improved recoveries by 5% to 15% except for sample 4. There is no information in the test results to explain this result. Of note no gravity testwork was conducted. In summary the Sams Creek samples exhibited a small degree of refractory gold. High gold recoveries were achieved by flotation and, after an oxidation step, gold extractions ranged from 88.6% to 95.5%. Stibnite (antimony sulphide) has been seen in significant quantities in the Reefton goldfield. Stibnite is generally associated with gold mineralisation and in various Au-Sb operations around the world, free gold is recovered by gravity, followed by the production of a stibnite flotation concentrate. The Brunswick Processing Plant at the Mandalay Resources Costerfield Mine in Victoria has a flowsheet which is simple, conventional and a well-proven circuit, with more than 14 years of operation. The surface crushing and screening facility processes underground ore feed down to a particle size range sui for milling through a two-stage, closed circuit ball milling circuit. Centrifugal style gravity concentrators are used on the combined primary milling product and secondary mill discharge to recover a gold-rich gravity concentrate. This is upgraded further over a shaking and sold as a separate gold concentrate product, which is transported to local refineries. Secondary milled products are classified according to size and processed through a simple flotation circuit comprising of rougher, scavenger and single stage cleaning. The flotation concentrate is dewatered through thickeners and with filtration to produce a final antimony-gold concentrate product, which is bagged, packed into shipping containers and shipped to customers overseas. The feed to the plant during 2020 and 2021 was between 11.0 and 12.1g/t Au and 3.5 to 4.5% Sb. The gravity gold production varies but recoveries are typically around 40 to 50%. The 2021 end of year (EOY) reconciled plant recoveries were 94.6% Sb and 93% Au, with the gold not recovered by gravity reporting to the flotation concentrate 45. Should Au-Sb resources be delineated at Reefton the metallurgical solution is anticipated to be a simple and straightforward process. Based on the testwork reported above, GRES reviewed the process design criteria and flowsheet that was presented in the phase 1 Scoping Study. Little change was required, and the key features of the process plant are as follows: A nominal processing capacity of 1.25 million tonnes per annum, using a design head grade of up to 10g/t Au to cater for surges of high-grade ore. Three stage crushing, With fine ore bin storage and emergency reclaim. Single stage ball mill, with a flash flotation cell treating cyclone underflow. Separate gravity concentrators to treat ball mill discharge and flash flotation concentrate to produce Doré bullion output of up to 80% of the gold in the feed, again to handle high grade surges. Gravity plus flotation of approximately 93%, with an overall recovery estimated at approximately 90% with POX. Concentrate dewatering utilising a thickener and a filter to produce a transpor concentrate. Appropriate tailings handling facilities depending on plant location and underground paste fill requirements. Steinert Ore Sorters to reduce waste from the mining cycle and increase mill feed head grade. Steinert Ore Sorters reduce waste from the mining cycle, minimise transport costs and increase mill feed head grade. Samples from Alexander River and Sams Creek ore and waste are being tested by Steinert. Sensor Sorter Results from the theoretical sort have indicated potential for separation using STEINERT's combination Sensor Sorter.Board Change • Nov 21Less than half of directors are independentFollowing 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 Director Keith Murray 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 • Apr 27Less than half of directors are independentFollowing 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 Director Keith Murray 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.Recent Insider Transactions • Nov 12Executive Chairman & MD recently bought AU$124k worth of stockOn the 8th of November, Brian Rodan bought around 324k shares on-market at roughly AU$0.38 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of AU$567k worth in shares.Recent Insider Transactions • Oct 21Executive Chairman & MD recently bought AU$76k worth of stockOn the 15th of October, Brian Rodan bought around 216k shares on-market at roughly AU$0.35 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of AU$443k worth in shares.Recent Insider Transactions • Jan 06Chairman & MD recently bought AU$367k worth of stockOn the 31st of December, Brian Rodan bought around 500k shares on-market at roughly AU$0.73 per share. In the last 3 months, they made an even bigger purchase worth AU$656k. Brian has been a buyer over the last 12 months, purchasing a net total of AU$1.0m worth in shares.Recent Insider Transactions • Oct 12MD & Director recently bought AU$656k worth of stockOn the 9th of October, Brian Rodan bought around 2m shares on-market at roughly AU$0.40 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of AU$676k worth in shares.株主還元SNGAU Metals and MiningAU 市場7D-10.4%1.6%2.0%1Y-12.2%41.2%3.1%株主還元を見る業界別リターン: SNG過去 1 年間で41.2 % の収益を上げたAustralian Metals and Mining業界を下回りました。リターン対市場: SNGは、過去 1 年間で3.1 % のリターンを上げたAustralian市場を下回りました。価格変動Is SNG's price volatile compared to industry and market?SNG volatilitySNG Average Weekly Movement12.2%Metals and Mining Industry Average Movement11.3%Market Average Movement9.6%10% most volatile stocks in AU Market16.8%10% least volatile stocks in AU Market3.9%安定した株価: SNG 、 Australian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: SNGの 週次ボラティリティ ( 12% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2017n/aZane Padmanwww.sirengold.com.auセイレーン・ゴールド社（Siren Gold Limited）は、その子会社とともに、オーストラリアとニュージーランドで金鉱の探査と評価を行っている。また、銀鉱床の探査も行っている。同社は2017年に法人化され、オーストラリアのウェスト・パースに拠点を置く。もっと見るSiren Gold Limited 基礎のまとめSiren Gold の収益と売上を時価総額と比較するとどうか。SNG 基礎統計学時価総額AU$12.90m収益（TTM）AU$8.11m売上高(TTM)n/a1.6xPER（株価収益率0.0xP/SレシオSNG は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計SNG 損益計算書（TTM）収益AU$0売上原価AU$0売上総利益AU$0その他の費用-AU$8.11m収益AU$8.11m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）0.027グロス・マージン0.00%純利益率0.00%有利子負債／自己資本比率0.06%SNG の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/04 06:56終値2026/08/03 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Siren Gold Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Board Change • May 20Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • May 01Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 25Siren Gold Limited, Annual General Meeting, May 27, 2026Siren Gold Limited, Annual General Meeting, May 27, 2026. Location: at level 2 41 ord street, west perth, wa 6005, Australia
Board Change • Dec 24Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Aug 18Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Aug 16Siren Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.Siren Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 45,740,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 34,260,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Transaction Features: Subsequent Direct Listing
Board Change • May 20Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • May 01Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 25Siren Gold Limited, Annual General Meeting, May 27, 2026Siren Gold Limited, Annual General Meeting, May 27, 2026. Location: at level 2 41 ord street, west perth, wa 6005, Australia
Board Change • Dec 24Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Aug 18Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Aug 16Siren Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.Siren Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 45,740,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 34,260,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Transaction Features: Subsequent Direct Listing
お知らせ • Aug 15Siren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.Siren Gold 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: 45,740,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 34,260,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Transaction Features: Subsequent Direct Listing
お知らせ • Mar 21Siren Gold Limited, Annual General Meeting, May 14, 2025Siren Gold Limited, Annual General Meeting, May 14, 2025.
お知らせ • Jan 06+ 1 more updateSiren Gold Limited Announces Resignation of Victor Rajasooriar as Chief Executive Officer, Effective 31 December 2024Siren Gold Limited advised that Mr. Victor Rajasooriar has resigned as Chief Executive Officer of the Company, effective 31 December 2024. At this time, it is anticipated that Mr. Rajasooriar will remain in his position until 30 June 2025, following expiry of the 6-month notice period for termination of the consultancy agreement through which he is engaged. Mr. Rajasooriar has indicated to the Company that he is taking necessary steps to claim accelerated vesting of his unvested incentive securities.
お知らせ • Nov 26Rua Gold Inc. (CNSX:RUA) acquired Reefton Project of Siren Gold Limited from Siren Gold Limited (ASX:SNG).Rua Gold Inc. (CNSX:RUA) agreed to acquire Reefton Project of Siren Gold Limited from Siren Gold Limited (ASX:SNG) for AUD 20 million on July 14, 2024. A cash consideration of AUD 2 million will be paid by Rua Gold Inc. The consideration consists of 83.93 million common equity of Rua Gold Inc. having a value of AUD 18 million to be issued for assets of Reefton Project of Siren Gold Limited. As part of consideration, AUD 20 million is paid towards assets of Reefton Project of Siren Gold Limited. The transaction is subject to approval of offer by acquirer shareholders, approval of offer by target shareholders and consummation of due diligence investigation. Shareholders of Siren Gold Limited approved the transaction. As of October 28, 2024, the security holders of Siren Gold Limited approved the deal. The expected completion of the transaction is October 1, 2024 to December 31, 2024. Red Cloud Securities, Inc. acted as financial advisor for Siren Gold Limited. Steinepreis Paganin acted as legal advisor for Siren Gold Limited. Cassels Brock & Blackwell LLP acted as legal advisor for Siren Gold Limited. Cormark Securities Inc. acted as financial advisor for Rua Gold Inc. McMillan LLP acted as legal advisor for Rua Gold Inc. Simpson & Grierson acted as legal advisor for Rua Gold Inc. Rua Gold Inc. (CNSX:RUA) completed the acquisition of Reefton Project of Siren Gold Limited from Siren Gold Limited (ASX:SNG) on November 25, 2024.
お知らせ • Oct 29Federation Mining Pty Ltd cancelled the acquisition of Siren Gold Limited (ASX:SNG) for AUD 23.6 million in a reverse merger transaction.Federation Mining Pty Ltd signed a letter of intent to acquire Siren Gold Limited (ASX:SNG) for AUD 23.6 million in a reverse merger transaction on October 25, 2024. The consideration consists of common equity of Federation Mining Pty Ltd at a ratio of 0.96 per common equity of Siren Gold Limited. The transaction is subject to approval by regulatory board / committee, consummation of due diligence investigation, obtaining financing and termination of RUA acquisition agreement and signing of definitive agreement. Federation Mining Pty Ltd cancelled the acquisition of Siren Gold Limited (ASX:SNG) in a reverse merger transaction on October 28, 2024.
New Risk • Sep 11New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.2m 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$3.2m free cash flow). Earnings have declined by 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m (AU$3.2k revenue, or US$2.1k). Market cap is less than US$10m (AU$12.6m market cap, or US$8.41m).
New Risk • Jul 17New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: AU$14.8m (US$9.95m) 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 Earnings have declined by 17% 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. Market cap is less than US$10m (AU$14.8m market cap, or US$9.95m).
New Risk • May 31New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$16.0m market cap, or US$10.6m).
お知らせ • Apr 02Siren Gold Limited, Annual General Meeting, May 15, 2024Siren Gold Limited, Annual General Meeting, May 15, 2024.
お知らせ • Feb 28Siren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million.Siren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 40,200,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,800,000 Price\Range: AUD 0.05 Discount Per Security: AUD 0.003 Security Features: Attached Options Transaction Features: Subsequent Direct Listing
お知らせ • Dec 30+ 1 more updateSiren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 0.295 million.Siren Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 0.295 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 295,000,000 Price\Range: AUD 0.001 Transaction Features: Subsequent Direct Listing
お知らせ • Oct 23Siren Gold Limited, Annual General Meeting, Nov 23, 2023Siren Gold Limited, Annual General Meeting, Nov 23, 2023, at 10:00 W. Australia Standard Time. Location: Level 2, 41 Ord Street West Perth Western Australia Australia Agenda: To consider ratification of prior issue of tranche 1 shares; to consider ratification of prior issue of tranche 1 shares; to consider approval to issue tranche 1 options; to consider approval to issue tranche 2 securities to unrelated party; to consider approval to issue tranche 2 securities to Brian Rodan; to consider approval to issue tranche 2 securities to keith murray; to consider approval to issue tranche 2 securities to victor Rajasooriar; to consider approval to issue options to Brian Rodan; to consider approval to issue options to Keith Murray; to consider approval to issue options to victor Rajasooriar; to consider approval to issue options to Paul Angus.
お知らせ • Sep 20Siren Gold Limited Appoints Victor Rajasooriar as Non-Executive DirectorSiren Gold Limited announced the appointment of Mr. Victor Rajasooriar as a Non-Executive Director. The appointment of Mr. Victor Rajasooriar is part of an ongoing strengthening of the Siren Board of Directors as the Company embarks on its next phase of growth. The appointment adds significant mining, governance, and corporate capability to the Siren Board. Mr. Rajasooriar will be an integral member of the Siren Board as company progress the Company towards its next stage of development. He is currently the Managing Director of Panoramic Resources Ltd., and brings a wealth of diverse mining and leadership experience to Siren. Mr. Rajasooriar is a highly experienced Australian mining executive and Board Director who has more than 25 years of operational and technical experience across both underground and open pit mining operations. Mr. Rajasooriar's distinguished career has seen him hold senior roles with major resource companies, including Managing Director and CEO of Echo Resources Limited until the completion of a takeover by Northern Star Resources Limited. Prior to joining Echo, Victor held the role of Chief Operating Officer for leading underground mining contractor Barminco and has held senior technical roles with Gold Fields and Newmont Mining. At Newmont this included operational responsibility for the Waihi Gold Operation in the North Island of New Zealand between 2006 - 2008. Victor holds a Bachelor of Engineering (Mining) from the WA School of Mines and is a member of both the Australian Institute of Company Directors and the Australasian Institute of Mining and Metallurgy. Date of appointment is 18 September 2023.
Board Change • Apr 03Less than half of directors are independentNo 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. 1 independent director (2 non-independent directors). Independent Non-Executive Director Keith Murray was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Jan 31Siren Gold Limited Announces Global Resource Reaches Key 1Moz MilestoneSiren Gold Limited provided an update on the Mineral Resource Estimate (MRE) for the Alexander River and Sams Creek Projects. Highlights: Global resource has increased to 10.2Mt @ 3.0g/t Au for 994koz (100% basis) at a 1.5g/t Au cut-off; The Alexander River Inferred MRE has increased to 1.07Mt @ 5.0g/t Au for 170koz at a 1.5g/t cut-off; Alexander River Resource increase of 30% with grade increasing 22%, based on the inclusion of data from 31 trenches; Sams Creek MRE has increased to 9.1Mt @ 2.8g/t Au for 824koz at a 1.5g/t cut-off; Sams Creek Resource now incorporates data from the Bobby Dazzler deposit of 16.7koz at 2.6g/t Au.; Significant exploration potential exists at both Sams Creek and Alexander River for further Resource increases, with deposits open along strike and at depth. Background: Siren holds a large, strategic package of tenements in the Reefton, Lyell and Sams Creek Goldfields in the South Island of New Zealand. Western New Zealand was originally part of Gondwana and lay adjacent to eastern Australia until around 80 Ma ago. The NW of the South Island of New Zealand comprises an area of predominantly early Paleozoic rocks in broad northerly trending belts that terminate at the Alpine Fault (Figure 1). The Paleozoic sequence is divided into the Buller Terrane, Takaka Central and Takaka Eastern Belts. These belts are interpreted to correspond with the Western, Central and Eastern belts of the Lachlan Fold Belt. The Buller and Western Lachlan belts contain orogenic gold deposits like Bendigo, Ballarat and Fosterville in Australia and the Reefton and Lyell Goldfields in New Zealand. The Eastern Takaka and Eastern Lachlan belts host Sams Creek porphyry-Au and porphyry copper-gold deposits, like Cadia and Ridgeway, respectively. The Reefton Goldfield was discovered in 1866 and produced +2M oz of gold at an average recovered grade of 16g/t from 84 historic mines, plus an estimated alluvial gold production of 8Moz. Most underground mining ceased by 1942, with the famous Blackwater mine closing in 1951 when the shaft failed after producing ~740koz of gold down to 710m below surface. Siren's key projects include Alexander River, Big River, Auld Creek, Cumberland, Lyell and Sams Creek. Geology: The Alexander River Project (Exploration Permit 60446) is located ~26km southeast of Reefton, in a mostly fault-bounded sliver of Greenland Group rocks 7kms southeast of the main Reefton Goldfield block. It is bounded by undeformed granite to the west, and by a metamorphic core complex to the east. The Alexander mineralisation outcrops for over 1.2kms and is comprised of high-grade quartz reefs and disseminated mineralisation. Surface trenching and channel sampling show that the mineralisation ranges from 2-15m thick, with an average thickness and grade of 4m @ 8g/t Au. Surface sampling identified four mineralised shoots, named Bull, McVicar, Bruno and Loftus-McKay. Only the McVicar East Shoot was mined to any extent, with the shallow plunging shoot mined to 250m below surface, extracting 41koz at an average recovered grade of 26g/t Au before the mine closed in 1942. Structural mapping has confirmed that the Alexander River mineralised zone can be divided into two structural domains. The Bull-McVicar-Bruno reef track is ENE striking, steeply SE dipping, while the Loftus-McKay reef track extends from Bruno into Mullocky Creek and is NNE-striking and dips 50o to the NW. In both structural domains, it appears that the intersection between an anticline hinge and a mineralised fault likely controls the trend and plunge of Au-bearing shoots. The arsenic soil anomaly extends from Bull and ends around the last known outcrop of the Loftus-McKay Shoot near Pad 28, where the shoot is interpreted to be offset approximately 150m to the north by a NNW trending Mullocky Fault. This interpretation is based on the offset of a dolerite dyke and the absence of the Loftus-McKay Shoot in holes drilled from the next two pads to the north.
お知らせ • Jan 24+ 1 more updateSiren Gold Limited Provides Update on its Auld Creek ProspectWestern New Zealand was originally part of Gondwana and lay adjacent to eastern Australia until around 80 Ma ago. The NW of the South Island of New Zealand comprises an area of predominantly early Paleozoic rocks in broad northerly trending belts, which terminate at the Alpine Fault. The Paleozoic sequence is divided into the Buller Terrane, Takaka Central and Takaka Eastern Belts. These belts are interpreted to correspond with the Western, Central and Eastern belts of the Lachlan Fold Belt. The Buller and Western Lachlan belts contain orogenic gold deposits like Bendigo, Ballarat and Fosterville in Australia and the Reefton and Lyell Goldfields in New Zealand. Gold and stibnite are currently being mined at the Mandalay Resources Costerfield mine in Victoria. The Costerfield lodes are typically anastomosing, en-echelon style, narrow-vein systems, which dip from 25° to 70° west to 70° to 90° east. Mineralised shoots are observed to plunge to the north, when structurally controlled, and south when bedding controlled. The mineralisation occurs as single lodes and vein stockworks. The mineralised lodes vary from massive stibnite with microscopic gold to quartz-stibnite, with minor visible gold, pyrite, and arsenopyrite. The average production grade since 2010 has been 8.9g/t Au, 3.6% Sb for 17.4g/t AuEq. Nagambie Resources are currently exploring for gold and stibnite at the Nagambie Mine 45kms to the east of Costerfield. Nagambie has drilled number of diamond holes down to around 230m and has intersected a number of steeply west dipping zones of Au-Sb mineralisation, with massive stibnite veins up to 200mm wide, similar to that found at Auld Creek. Drillhole intersections reported by Nagambie are shown in Table 6. These intersections have an estimated horizontal thickness (EHT) or true width of 1.9m averaging 2.9g/t Au, 6.2% Sb for 17.3g/t AuEq (33-gram metres AuEq). If the same criteria are applied to Auld Creek drillhole intersections (>1.2m EHT, > 3g/t minimum cut-off grade (MCOG) AuEq, and > 1.0% Sb), then Auld Creek weighted average true widths are 4.8m at 3.4g/t Au, 3% Sb for 10.5g/t AuEq (50-gram metre AuEq). The Auld Creek mineralisation is considerably thicker than the Costerfield and Nagambie mineralisation, with lower but still significant grades. The greater thickness at Auld Creek would allow for more favourable mechanised mining. Field exploration will continue over the next quarter with additional mapping soil sampling and trenching followed by diamond drilling in first quarter 2023, subject to Department of Conservation (DoC) access. Infill soil sampling will be extended to the north and south of the Fraternal Bonanza area. Trenching will continue, targeting 100m spacing along the Fraternal, Fraternal North and Bonanza mineralised zones. A DoC Access agreement has been submitted, which will allow drilling of the Fraternal, Fraternal North and Bonanza Shoots, initially down to around 300m. The Energetic mine to the north was mined to around 600m below surface and the Globe Progress mine to the south was mined to 420m, where the mineralisation was offset by the Chemist Shop Fault. The mineralisation on the other side of the fault has not been found. Subject to further trench results, the initial drilling will focus on defining the extent (height) and plunge of the Fraternal, Fraternal North and Bonanza Shoots.
お知らせ • Jan 21+ 2 more updatesSiren Gold Limited Provides Metallurgical Results and Process Plant Scoping Study UpdateThe flotation recovery remained at 97% and the leach recovery increased to 93.6%, giving an overall recovery of 90.1% 3. Since 2017 head grades have exceeded 20g/t Au. The similarities between Fosterville and Reefton support the testwork results on Reefton samples 1 to 7 and the proposed flowsheet. A review of Sam's Creek testwork conducted by GRDMacraes in 2004 identified the potential for 84% gold recovery via whole of ore direct leach and 91% gold recovery with flotation, concentrate oxidation and cyanide leach. The testwork identified a promising response to flotation with 9698% of the gold reporting to the concentrate at a mass pull of ~6%. Mineralogical, petrographic and geochemical analysis supported the testwork findings that the gold is finely disseminated within a sulphide matrix, predominantly arsenopyrite, galena and chalcopyrite 4. A flowsheet similar to that proposed for Siren's Reefton resources would therefore be applicable. In 2004 Laboratory test work was reported by GRD-Macraes on four composite samples from Sams Creek diamond core. Direct leaching, flotation and leaching of the flotation concentrate were tested. The four samples were each ground to an unspecified sizing but the report states the grind time was twice as long as the Macraes ore. A flotation concentrate over 26 minutes was produced with high gold and sulphur recoveries. Gold recoveries ranged from 95.6% to 97.7% and sulphur recoveries from 92.6% to 94.4%. Flotation tailings were low enough in gold for disposal. Three sets of cyanide leach tests were reported. The first tests were leaches on the samples after grinding. As shown below gold extractions ranged from 79.3% to 87.5%. The results demonstrate that there is a component of refractory gold present. The second and third cyanide leach tests were on the flotation concentrate. One test leached the flotation concentrate as received and the other test conducted a nitric acid leach (effectively an oxidation step) followed by a cyanide leach. The leaches on the flotation concentrate as received again confirm the presence of a refractory component which also floated, hence is presumably a sulphide. Three of the four acid (oxidation) leaches improved recoveries by 5% to 15% except for sample 4. There is no information in the test results to explain this result. Of note no gravity testwork was conducted. In summary the Sams Creek samples exhibited a small degree of refractory gold. High gold recoveries were achieved by flotation and, after an oxidation step, gold extractions ranged from 88.6% to 95.5%. Stibnite (antimony sulphide) has been seen in significant quantities in the Reefton goldfield. Stibnite is generally associated with gold mineralisation and in various Au-Sb operations around the world, free gold is recovered by gravity, followed by the production of a stibnite flotation concentrate. The Brunswick Processing Plant at the Mandalay Resources Costerfield Mine in Victoria has a flowsheet which is simple, conventional and a well-proven circuit, with more than 14 years of operation. The surface crushing and screening facility processes underground ore feed down to a particle size range sui for milling through a two-stage, closed circuit ball milling circuit. Centrifugal style gravity concentrators are used on the combined primary milling product and secondary mill discharge to recover a gold-rich gravity concentrate. This is upgraded further over a shaking and sold as a separate gold concentrate product, which is transported to local refineries. Secondary milled products are classified according to size and processed through a simple flotation circuit comprising of rougher, scavenger and single stage cleaning. The flotation concentrate is dewatered through thickeners and with filtration to produce a final antimony-gold concentrate product, which is bagged, packed into shipping containers and shipped to customers overseas. The feed to the plant during 2020 and 2021 was between 11.0 and 12.1g/t Au and 3.5 to 4.5% Sb. The gravity gold production varies but recoveries are typically around 40 to 50%. The 2021 end of year (EOY) reconciled plant recoveries were 94.6% Sb and 93% Au, with the gold not recovered by gravity reporting to the flotation concentrate 45. Should Au-Sb resources be delineated at Reefton the metallurgical solution is anticipated to be a simple and straightforward process. Based on the testwork reported above, GRES reviewed the process design criteria and flowsheet that was presented in the phase 1 Scoping Study. Little change was required, and the key features of the process plant are as follows: A nominal processing capacity of 1.25 million tonnes per annum, using a design head grade of up to 10g/t Au to cater for surges of high-grade ore. Three stage crushing, With fine ore bin storage and emergency reclaim. Single stage ball mill, with a flash flotation cell treating cyclone underflow. Separate gravity concentrators to treat ball mill discharge and flash flotation concentrate to produce Doré bullion output of up to 80% of the gold in the feed, again to handle high grade surges. Gravity plus flotation of approximately 93%, with an overall recovery estimated at approximately 90% with POX. Concentrate dewatering utilising a thickener and a filter to produce a transpor concentrate. Appropriate tailings handling facilities depending on plant location and underground paste fill requirements. Steinert Ore Sorters to reduce waste from the mining cycle and increase mill feed head grade. Steinert Ore Sorters reduce waste from the mining cycle, minimise transport costs and increase mill feed head grade. Samples from Alexander River and Sams Creek ore and waste are being tested by Steinert. Sensor Sorter Results from the theoretical sort have indicated potential for separation using STEINERT's combination Sensor Sorter.
Board Change • Nov 21Less than half of directors are independentFollowing 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 Director Keith Murray 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 • Apr 27Less than half of directors are independentFollowing 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 Director Keith Murray 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.
Recent Insider Transactions • Nov 12Executive Chairman & MD recently bought AU$124k worth of stockOn the 8th of November, Brian Rodan bought around 324k shares on-market at roughly AU$0.38 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of AU$567k worth in shares.
Recent Insider Transactions • Oct 21Executive Chairman & MD recently bought AU$76k worth of stockOn the 15th of October, Brian Rodan bought around 216k shares on-market at roughly AU$0.35 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of AU$443k worth in shares.
Recent Insider Transactions • Jan 06Chairman & MD recently bought AU$367k worth of stockOn the 31st of December, Brian Rodan bought around 500k shares on-market at roughly AU$0.73 per share. In the last 3 months, they made an even bigger purchase worth AU$656k. Brian has been a buyer over the last 12 months, purchasing a net total of AU$1.0m worth in shares.
Recent Insider Transactions • Oct 12MD & Director recently bought AU$656k worth of stockOn the 9th of October, Brian Rodan bought around 2m shares on-market at roughly AU$0.40 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of AU$676k worth in shares.
