Board Change • May 20
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. 5 non-independent directors. Independent Non-Executive Director Liangbing Yu 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. 공시 • Oct 01
Northern Minerals Limited, Annual General Meeting, Nov 27, 2025 Northern Minerals Limited, Annual General Meeting, Nov 27, 2025. Board Change • Aug 18
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 Liangbing Yu 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. Breakeven Date Change • Nov 01
No longer forecast to breakeven The analyst covering Northern Minerals no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$1.20m in 2025. New forecast suggests the company will make a loss of AU$12.0m in 2027. New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-AU$14m). Earnings are forecast to decline by an average of 5.4% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$12m net loss in 3 years). Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (AU$4.5m revenue, or US$2.9m). Market cap is less than US$100m (€82.2m market cap, or US$89.3m). New Risk • Oct 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 (22% average weekly change). Negative equity (-AU$14m). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Revenue is less than US$5m (AU$4.5m revenue, or US$3.1m). Market cap is less than US$100m (€84.4m market cap, or US$93.1m). New Risk • Sep 27
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$14m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. 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). Negative equity (-AU$14m). Minor Risks Revenue is less than US$5m (AU$5.6m revenue, or US$3.9m). Market cap is less than US$100m (€76.6m market cap, or US$85.7m). 공시 • Sep 16
Northern Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million. Northern Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 263,157,895
Price\Range: AUD 0.019 Breakeven Date Change • Aug 02
Forecast to breakeven in 2025 The analyst covering Northern Minerals expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$1.20m in 2025. Average annual earnings growth of 34% is required to achieve expected profit on schedule. 공시 • Apr 12
Northern Minerals Limited, Annual General Meeting, Jun 06, 2024 Northern Minerals Limited, Annual General Meeting, Jun 06, 2024. 공시 • Jan 30
Northern Minerals Limited, Annual General Meeting, Mar 26, 2024 Northern Minerals Limited, Annual General Meeting, Mar 26, 2024. 공시 • Dec 08
Northern Minerals Receives a Notice from Yuxiao Fund Pte Ltd On December 8, 2023, Northern Minerals Limited announced that on December 5, 2023, the Company was of the view that Resolution 2 was invalid and advised Yuxiao Fund whether it agreed that Resolution 1 could be considered at the Company’s 2023 annual general meeting instead of at a separate EGM. The Company added that Yuxiao Fund has written to the Company withdrawing Resolution 2, but it continues to insist that Resolution 1 be considered at a separate EGM under the Notices. The Company stated that it is examining the option of having the EGM and 2023 AGM held on the same day and will keep shareholders updated on any material developments under its continuous disclosure obligations. 공시 • Dec 06
Northern Minerals Receives a Notice from Yuxiao Fund Pte Ltd On December 5,2023, Northern Minerals Limited announced that referring to its announcements dated November 21, 2023, and November 30, 2023, it received a notice under section 203D and section 249D of the Corporations Act 2001 from Yuxiao Fund Pte Ltd (Yuxiao Fund) at the next general meeting of the Company, the following resolutions: 1) the removal of Nicholas Curtis AM as a director of the Company, 2) to inspect the books of the Company relating to the Company’s expenses incurred during Nicholas Curtis AM’s tenure as the Executive Chairman of the Company. Board Change • Oct 16
No independent directors There are 5 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: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Liang Yu is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. 공시 • Oct 05
Northern Minerals Limited, Annual General Meeting, Nov 30, 2023 Northern Minerals Limited, Annual General Meeting, Nov 30, 2023. Reported Earnings • Mar 17
First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in 1H 2022) First half 2023 results: AU$0.002 loss per share (improved from AU$0.003 loss in 1H 2022). Net loss: AU$7.70m (loss narrowed 42% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors There are 4 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: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Ming Lu is the most experienced director on the board, commencing their role in 2018. 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 • Apr 27
No independent directors There are 4 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: 4 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Non-Executive Director Ming Lu is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Executive Departure • Jul 24
Non-Executive Director Yanchung Wang has left the company On the 22nd of July, Yanchung Wang's tenure as Non-Executive Director ended after 7.8 years in the role. We don't have any record of a personal shareholding under Yanchung's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 22
Non-Executive Director Yanchung Wang has left the company On the 22nd of July, Yanchung Wang's tenure as Non-Executive Director ended after 7.8 years in the role. We don't have any record of a personal shareholding under Yanchung's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jul 22
Non-Executive Director Yanchung Wang has left the company On the 22nd of July, Yanchung Wang's tenure as Non-Executive Director ended after 7.8 years in the role. We don't have any record of a personal shareholding under Yanchung's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Recent Insider Transactions • Dec 15
Non-Executive Chairman recently sold €54k worth of stock On the 7th of December, Colin McCavana sold around 2m shares on-market at roughly €0.022 per share. This was the largest sale by an insider in the last 3 months. Colin has been a seller over the last 12 months, reducing personal holdings by €90k. 
