お知らせ • Jun 12
Barkly Rare Earths Limited Receives AUD 100,000 Grant Funding from Northern Territory Government Barkly Rare Earths Limited had been awarded AUD 100,000 of grant funding under Round 19 of the Northern Territory Government's Geophysics and Drilling Collaborations Programme. The grant supports a detailed campaign of mineral characterisation and test work on a co-funded basis within the Company’s ongoing metallurgical programme at the Barkly Project. Barkly awarded AUD 100,000 under the Northern Territory Government’s Geophysics and Drilling Collaborations Programme. Campaign has been designed to improve early-stage understanding of rare earth mineralisation and evaluate potential processing pathways. Co-funded metallurgical campaign has commenced, complementing current metallurgical test work and upcoming 10,000 m resource extension drilling programme. The Geophysics and Drilling Collaborations (GDC) programme is a competitive grant programme, provided by the NT Government, to co-fund projects that address geoscientific knowledge gaps, advance exploration activity, and support the discovery and development of resources in the Northern Territory. The AUD 100,000 grant matches the Company’s commitment to fund the campaign on a dollar-for-dollar basis. Concurrent with receipt of the funding award, Barkly has commenced a discrete metallurgical advancement campaign, using representative rare-earth mineralised samples from the Barkly Project collected during its 2022 drilling programme. Additional samples selected from the upcoming 10,000 m drilling programme will also be used in the co-funded metallurgical campaign. The test work is intended to improve the Company's understanding of rare earth mineralisation and provide technical information to support future process development studies. New Risk • Jun 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.38m (US$9.67m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$854k free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (€8.38m market cap, or US$9.67m). Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Gavin Beer was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.