공시 • Aug 14
DMC Mining Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 5.5 million. DMC Mining Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 5.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 110,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing 공시 • Sep 26
DMC Mining Limited, Annual General Meeting, Nov 22, 2024 DMC Mining Limited, Annual General Meeting, Nov 22, 2024. 공시 • Aug 23
DMC Mining Limited Announces Directors Appointments DMC Mining Limited announced that at its General Meeting of Shareholders held on 23 August 2024, the shareholders approved Appointment of Director Michael Minosora, Appointment of Director Sam Randazzo, 9 Appointment of Director Dr Andrew Wilde. 공시 • Jun 27
DMC Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 5.5 million. DMC Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 5.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 110,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing Board Change • Dec 06
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Executive Chairman David Sumich is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. 공시 • Nov 22
DMC Mining Limited Announces Board Changes DMC Mining Limited announced the appointment of Mr. Andrew Dawes as Non-Executive Director (Technical) of the company. Mr. Dawes has over 14 years of experience as a geologist in mining, exploration, and resource estimation and is a member of the AusIMM. His extensive practical experience includes projects in copper, gold, coal, cobalt, silver, PGEs, lithium, zinc, chromite and tungsten in both open pit and underground mining. Andrew's background is focused on developing the true value of an orebody via sound orebody knowledge exploration and evaluation. Mr. Dawes experience through the mining project cycle includes early- stage target generation, green and brownfields exploration, project studies, development execution, mining, reconciliation, and closure planning. His exploration experience includes all facets of mineral and coal exploration and has provided a strong basis for project evaluation. Mr. Bruce Franzen has resigned on November 22, 2023 as a Non-Executive Director of the Company following the nomination and election of Mr. Dawes at the Annual General Meeting. Mr. Franzen remains in the roles of Company Secretary and Chief Financial Officer. Board Change • Nov 21
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Company Secretary & Non-Executive Director Bruce Roberts Franzen is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. 공시 • Sep 27
DMC Mining Limited, Annual General Meeting, Nov 22, 2023 DMC Mining Limited, Annual General Meeting, Nov 22, 2023. Board Change • Sep 27
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Company Secretary & Non-Executive Director Bruce Roberts Franzen is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. New Risk • Sep 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$2.2m 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$2.2m free cash flow). Shares are highly illiquid. Revenue has declined by 86% over the past year. Revenue is less than US$1m (AU$20k revenue, or US$13k). Market cap is less than US$10m (AU$2.87m market cap, or US$1.84m). New Risk • Sep 10
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 Shares are highly illiquid. Revenue is less than US$1m (AU$142k revenue, or US$90k). Market cap is less than US$10m (AU$2.87m market cap, or US$1.83m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Board Change • Aug 10
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Company Secretary & Non-Executive Director Bruce Roberts Franzen is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Jun 09
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. 3 non-independent directors. Non-Executive Director Frank Knezovic was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 10
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. 3 non-independent directors. Non-Executive Director Frank Knezovic was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
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. 3 non-independent directors. Non-Executive Director Frank Knezovic was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jan 25
DMC Mining Limited Updates the Market on Exploration Results for the Ravensthorpe Nickel Project DMC Mining Limited updated the market on exploration results for the Ravensthorpe Nickel Project (RNP). Results of recent MLEM and FLEM surveys following up the RAV 9 and RAV 11 Xcite airborne EM targets have delineated high-priority conductivity anomalies associated with what are interpreted to be buried komatiite volcanic sequences. 3 high-priority electromagnetic (EM) conductivity targets have been identified, one at RAV 9 and two at RAV 11. The conductors are associated with magnetic anomalies and indications from surficial geology and geochemistry interpreted to represent buried komatiite lava sequences. Results from the MLEM and FLEM surveys will be followed up by diamond drilling to test the anomalies for potential nickel sulphide mineralisation as soon as permitting is in place. Vortex Geophysics were contracted to complete the ground EM surveys at the RNP. Ground EM follow- up on Xcite airborne AEM priority anomalies RAV 9 and RAV 11 comprised: RAV 9: a single line of MLEM and three lines of FLEM oriented north-south across the Xcite EM anomaly. RAV 11: 12 lines of FLEM oriented east-west across the Xcite EM anomaly (Figure 2b). Surface geochemistry conducted over the target areas returned high values for nickel and cobalt consistent with buried ultramafic lithologies but remain inconclusive as to sulphide potential. This is not seen as a negative as nickel sulphide systems are often closed geochemically and entirely contained within the target ultramafic host with little to no wall rock leakage or "halo" of the target metals. Unless intersected by the weathering profile, such buried sulphide systems may be geochemically blind to surface sampling and not return anomalous metal values in geochemical data. At RAV 9, initial survey design was to collect multiple inside transmitter loop, MLEM traverses over the anomaly in a north south orientation. For technical and logistical reasons, the survey designed was converted to FLEM after the completion of line 240320e which was affected by Induced Polarisation (IP) effects. However, despite this the MLEM recorded a significant late time anomaly. Follow-up with FLEM delineated a discrete conductor beneath Line 240350e with further potential conductors apparent in the late time Channel 30 response trending towards the east. At RAV 11, twelve lines of east-west oriented FLEM were read over the original AEM Xcite anomaly from two transmitter loops. The survey data recorded a strong anomaly with the response observable past at very late read time over multiple lines. Modelling and processing of the of FLEM survey data has defined three discrete conductors, two of which are highly conductive and represent priority 1 targets. The third is of moderate to low conductance and isn't considered a high priority for immediate follow-up work. The best conducting anomaly (S1) correlates with the boundary of the modelled westerly dipping magnetic body interpreted to represent buried komatiite volcanics. The other good conductor (N1) appears to be slightly displaced from the modelled magnetic body. The EM plates will be tested with diamond drilling. Planning is underway for a program of holes to test the anomalies once appropriate permitting has been completed. Borehole EM will be conducted once drilling is completed, as well as extension of the FLEM to the east of the current RAV 9 FLEM survey. The Ravensthorpe Nickel Project (DMC 100%, EL 74/669) is located in a highly prospective geological setting for nickel sulphide deposits. The Project has at least 15km strike length of the Bandalup ultramafic rock, the target host rocks that are prospective for Kambalda-style nickel sulphide deposits. The Project is very well serviced by roads, power, and other necessary mining infrastructure. Board Change • Jan 06
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. 3 non-independent directors. Executive Chairman David Sumich 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.