Board Change • May 21
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 Rob Mosig 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 • Sep 03
Mantle Minerals Limited, Annual General Meeting, Oct 21, 2025 Mantle Minerals Limited, Annual General Meeting, Oct 21, 2025. 공시 • Jul 23
Mantle Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million. Mantle Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: AUD 0.001
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing 공시 • Oct 08
Mantle Minerals Limited, Annual General Meeting, Nov 26, 2024 Mantle Minerals Limited, Annual General Meeting, Nov 26, 2024. New Risk • Feb 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €7.50m (US$8.09m) 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$2.6m free cash flow). Share price has been highly volatile over the past 3 months (95% average daily change). Earnings have declined by 6.4% per year over the past 5 years. Revenue is less than US$1m (AU$68k revenue, or US$45k). Market cap is less than US$10m (€7.50m market cap, or US$8.09m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). 공시 • Oct 24
Mantle Minerals Limited, Annual General Meeting, Nov 24, 2023 Mantle Minerals Limited, Annual General Meeting, Nov 24, 2023, at 11:00 W. Australia Standard Time. Location: Stantons 40 Kings Park Road WEST PERTH WA 6005 West Perth 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 Director's report, the Remuneration Report and the auditor's report; to consider the Adoption of Remuneration Report; to consider the Election of Director – Johnathon Busing; to consider the Election of Director – David Greenwood; to consider the Approval of 7.1A Mandate; to consider the Ratification of prior issue of Shares – Listing Rule 7.1; to consider the Issue of Shares and Options to Related Party – Johnathon Busing; to consider the Issue of Performance Rights to Director – Nicholas Poll; and to consider other matters. New Risk • Oct 01
New major risk - Revenue and earnings growth Earnings have declined by 6.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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$2.6m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 6.4% per year over the past 5 years. Revenue is less than US$1m (AU$77k revenue, or US$49k). Market cap is less than US$10m (€7.48m market cap, or US$7.90m). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). 공시 • Jul 04
Mantle Minerals Limited Appoints Robert Mosig as Non-Executive Director, Commencing in the Role Immediately Mantle Minerals Limited announced that it has appointed Robert Mosig as Non-Executive Director, commencing in the role immediately. Mr. Mosig, a geologist with over 50 years of experience in gold, platinum, diamond andspecialty metals was previously the founding Managing Director of Helix Resources Limited and Platina Resources Limited. He is currently a Non-Executive Director of Future Metals NL and Javelin Minerals Limited. 공시 • Jan 20
Mantle Minerals Limited Announces Phase 2 Drilling Results from Pardoo Nickel Sulphide Project Mantle Minerals Ltd. announced that the second phase of drilling at the Highway nickel deposit within the Pardoo nickel sulphide project has returned wide intercepts of up to 68m grading 0.44 % Ni and 0.1 % Cu. These intersections confirm the results from phase one drilling and position the company to prepare for a Minerals Resource Estimate under the JORC (2012) code in the first quarter of 2023. Best intercepts include: CPRC017 68m @ 0.44 % Ni from 57m; CPRC023 111m @ 0.37% Ni from 159m; CPRC018 81m @ 0.39 % Ni from 102m; CPRC028 24m @ 0.43 %Ni from 138m; CPRC033 24m @ 0.41 % Ni from 176m. The mineralisation remains open both along strike and at depth. The Company previously announced completion of the 20-hole, 4157m Reverse Circulation (RC) drilling program at the Highway Deposit on 8th September 2022. This program was designed to infill existing drilling, increase the confidence in geological and grade continuity with the deposit, and to hopefully convert a substantial part of the mineralisation to JORC (2012) Indicated Resource status. Next Steps: Mantle has completed geological modeling for the Highway deposit, including for the new drilling intersections here, and is already proceeding with a JORC (2012) Mineral Resource Estimate, which is to be completed by the end of First Quarter 2023. Furthermore, the Company is currently reinterpreting surface and down hole geophysics to target additional nickel sulphide mineralisation and hopefully higher grades along strike from the Highway deposit. Recent petrographic and lithogeochemistry work on thin sections and multi element assays suggest that the nickel sulphide mineralisation at Highway strongly correlates with the occurrence of magnetite and has a detectable magnetic signature. This provides encouragement to follow up on existing magnetic anomalies within the Pardoo project as well as using existing down- hole electromagnetic data from Highway, to locate higher-grade nickel mineralisation along strike and at depth. The Pardoo Nickel Project comprises exploration tenements E45/5827 and E45/4671, about 120 kilometres East of Port Hedland, Western Australia. The Highway nickel copper sulphide deposit lies within the Pardoo shear on tenement E45/5827 and in 2010 was the subject of a non-JORC (2012) Inferred Resource estimate of 50mt @ 0.3% nickel and 0.13% copper (cut-off grade 0.1% Ni). The Highway Nickel occurrence was first identified by CRA Exploration Pty Ltd. (CRAE, now Rio Tinto Ltd) in 1991 after highly anomalous values of nickel and copper mineralisation were confirmed from extensive regional scale exploration. Exploration tenement E45/4671 lies to the east of the Highway deposit and is highly prospective for strike extensions of the Highway deposit. Board Change • Nov 17
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). Non-Executive Chairman Davide Bosio 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. Recent Insider Transactions • Aug 15
Non-Executive Chairman recently bought €172k worth of stock On the 11th of August, Davide Bosio bought around 50m shares on-market at roughly €0.0034 per share. This was the largest purchase by an insider in the last 3 months. This was Davide's only on-market trade for the last 12 months. Board Change • Apr 27
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 Director Peter Christie was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 28
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. 3 non-independent directors. Independent Non-Executive Director Peter Christie was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Mar 06
Non-Executive Director has left the company On the 4th of March, David Sanders' tenure as Non-Executive Director ended after 2.2 years in the role. As of December 2020, David personally held 25.00m shares (€238k worth at the time). David is the only executive to leave the company over the last 12 months.