Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Gavi Rezos was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jan 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% 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 15% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m (AU$153k revenue, or US$103k). Market cap is less than US$10m (AU$13.7m market cap, or US$9.19m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Significant insider selling over the past 3 months (AU$303k sold). Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Gavi Rezos was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Dec 16
Resources & Energy Group Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Resources & Energy Group Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 142,857,140
Price\Range: AUD 0.014
Discount Per Security: AUD 0.00084
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing 공시 • Oct 31
Resources & Energy Group Limited, Annual General Meeting, Nov 28, 2025 Resources & Energy Group Limited, Annual General Meeting, Nov 28, 2025. Location: level 3, suite 301, 66 hunter street, sydney Australia 공시 • Jul 07
QMines Limited (ASX:QML) completed the acquisition of Mount Mackenzie Pty Limited from Resources & Energy Group Limited (ASX:REZ). QMines Limited (ASX:QML) signed a binding term sheet to acquire Mount Mackenzie Pty Limited from Resources & Energy Group Limited (ASX:REZ) for AUD 2.353 million on April 15, 2025. A cash consideration of AUD 1 million will be paid by QMines Limited. The consideration consists of 33 million common equity of QMines Limited to be issued for common equity of Mount Mackenzie Pty Limited. As part of consideration, AUD 1 million is paid towards common equity of Mount Mackenzie Pty Limited.
The transaction is subject to approval of offer by acquirer shareholders and consummation of due diligence investigation.
As of June 19, 2025, QMines Limited (ASX:QML) has completed the due diligence.
QMines Limited (ASX:QML) completed the acquisition of Mount Mackenzie Pty Limited from Resources & Energy Group Limited (ASX:REZ) on July 7, 2025.
As of July 7, 2025, all the remaining conditions precedent under the acquisition term sheet have now been satisfied. 공시 • Jul 04
Resources & Energy Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.1 million. Resources & Energy Group Limited has completed a Follow-on Equity Offering in the amount of AUD 1.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 73,333,333
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0009
Transaction Features: Subsequent Direct Listing 공시 • Apr 15
QMines Limited (ASX:QML) signed a binding term sheet to acquire Mount Mackenzie Pty Limited from Resources & Energy Group Limited (ASX:REZ). QMines Limited (ASX:QML) signed a binding term sheet to acquire Mount Mackenzie Pty Limited from Resources & Energy Group Limited (ASX:REZ) for AUD 2.353 million on April 15, 2025. A cash consideration of AUD 1 million will be paid by QMines Limited. The consideration consists of 33 million common equity of QMines Limited to be issued for common equity of Mount Mackenzie Pty Limited. As part of consideration, AUD 1 million is paid towards common equity of Mount Mackenzie Pty Limited.
The transaction is subject to approval of offer by acquirer shareholders and consummation of due diligence investigation. 공시 • Oct 29
Resources & Energy Group Limited, Annual General Meeting, Nov 26, 2024 Resources & Energy Group Limited, Annual General Meeting, Nov 26, 2024. Location: at rezs office at suite 301, level 3 66 hunter street sydney, Australia New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (38% increase in shares outstanding). Market cap is less than US$100m (AU$18.0m market cap, or US$12.4m). New Risk • May 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.11m market cap, or US$5.38m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). 공시 • Apr 27
Resources & Energy Group Limited has filed a Follow-on Equity Offering in the amount of AUD 1.588 million. Resources & Energy Group Limited has filed a Follow-on Equity Offering in the amount of AUD 1.588 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 132,333,333
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Feb 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Gavi Rezos was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Gavi Rezos was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Oct 27
Resources & Energy Group Limited, Annual General Meeting, Nov 30, 2023 Resources & Energy Group Limited, Annual General Meeting, Nov 30, 2023, at 10:00 AUS Eastern Standard Time. Location: Level 3, Suite 301 66 Hunter Street Sydney New South Wales Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the directors, the directors' report, the remuneration report and the auditor's report; to consider adoption of remuneration report; to consider re-election of Director - Mr. Richard Poole; to consider approval of 10% placement capacity; and to consider amendment of constitution. New Risk • Oct 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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$3.1m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.75m market cap, or US$4.30m). New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Revenue is less than US$1m. Market cap is less than US$10m (AU$7.50m market cap, or US$4.83m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). 공시 • Sep 19
Aureus Mining Limited entered into letter of agreement to acquire Mount Mackenzie Project from Resources & Energy Group Limited (ASX:REZ) for AUD 1.5 million. Aureus Mining Limited entered into letter of agreement to acquire Mount Mackenzie Project from Resources & Energy Group Limited (ASX:REZ) for AUD 1.5 million on September 19, 2023. The transaction for the sale of the MM Project is subject to completion of due diligence by Aureus. Board Change • Apr 03
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Gavi Rezos was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 15
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Gavi Rezos was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Gavi Rezos was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Gavi Rezos was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 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. 2 non-independent directors. Independent Non-Executive Chairman Gavi Rezos was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 29
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Chairman Gavi Rezos was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 