Aankondiging • Jul 03
Maverick Minerals Australia Ltd (ASX:M96) agreed to acquire 90% stake in Lyza Mining Pty Ltd from Rincon Resources Limited (ASX:RCR) for AUD 1.1 million. Maverick Minerals Australia Ltd (ASX:M96) agreed to acquire 90% stake in Lyza Mining Pty Ltd from Rincon Resources Limited (ASX:RCR) for AUD 1.1 million on July 1, 2026. A cash consideration of AUD 0.1 million will be paid by Maverick Minerals Australia Ltd. The consideration consists of common equity of Maverick Minerals Australia Ltd having a value of AUD 0.5 million to be issued for common equity of Lyza Mining Pty Ltd. Maverick Minerals Australia Ltd will pay an earnout/contingent payment of AUD 0.5 million common equity. As part of consideration, AUD 1.1 million is paid towards common equity of Lyza Mining Pty Ltd.
The transaction is subject to approval of offer by acquirer shareholders, approval by regulatory board / committee, consummation of due diligence investigation and third party approval needed. The shares to be issued as part of the initial consideration and Deferred Consideration will be subject to Shareholder approval. The Conditions Precedent are to be satisfied within 2 months of the date of execution of the Agreement unless
waived or otherwise agreed between Maverick Minerals Australia Ltd and Rincon Resources Limited. Aankondiging • Jun 26
Maverick Minerals Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 5 million. Maverick Minerals Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 205,000,000
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 211,666,667
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Jun 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.3m (US$9.86m) 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 Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m (AU$1.0k revenue, or US$694). Market cap is less than US$10m (AU$14.3m market cap, or US$9.86m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). 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. 2 non-independent directors. Independent Non-Executive Chairman Phil Re was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
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 Phil Re was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 27
Corella Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 5 million. Corella Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 205,000,000
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 211,666,666
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Transaction Features: Subsequent Direct Listing Aankondiging • Feb 23
Corella Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 1 million. Corella Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 142,857,142
Price\Range: AUD 0.0035
Discount Per Security: AUD 0.00021
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 142,857,141
Price\Range: AUD 0.0035
Discount Per Security: AUD 0.00021
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Dec 17
Corella Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 1 million. Corella Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 142,857,142
Price\Range: AUD 0.0035
Discount Per Security: AUD 0.00021
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 142,857,142
Price\Range: AUD 0.0035
Discount Per Security: AUD 0.00021
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Oct 28
Corella Resources Ltd, Annual General Meeting, Nov 26, 2025 Corella Resources Ltd, Annual General Meeting, Nov 26, 2025. Location: at 642 newcastle street, leederville wa 6007, Australia 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. 2 non-independent directors. Independent Non-Executive Chairman Phil Re was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 06
Corella Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.136876 million. Corella Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.136876 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 68,438,115
Price\Range: AUD 0.002
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • May 02
Corella Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.136876 million. Corella Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.136876 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 68,438,115
Price\Range: AUD 0.002
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Mar 13
Corella Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.935487 million. Corella Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.935487 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 467,743,433
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00012
Transaction Features: Rights Offering Aankondiging • Oct 17
Corella Resources Ltd, Annual General Meeting, Nov 20, 2024 Corella Resources Ltd, Annual General Meeting, Nov 20, 2024. Location: at 642 newcastle street, leederville wa 6007 Australia New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (33% average weekly change). Market cap is less than US$10m (AU$3.26m market cap, or US$2.20m). New Risk • Mar 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$1.9m 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$1.9m free cash flow). Shares are highly illiquid. Earnings have declined by 9.9% per year over the past 5 years. Revenue is less than US$1m (AU$23k revenue, or US$15k). Market cap is less than US$10m (AU$9.30m market cap, or US$6.16m). Minor Risk Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Board Change • Feb 20
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Non-Executive Director Peter Woods is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Chairman Phil Re was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Aankondiging • Oct 05
Corella Resources Ltd, Annual General Meeting, Nov 09, 2023 Corella Resources Ltd, Annual General Meeting, Nov 09, 2023. Agenda: To consider the election of Directors. New Risk • Sep 16
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 Less than 1 year of cash runway based on free cash flow trend (-AU$1.5m free cash flow). Revenue is less than US$1m (AU$12k revenue, or US$7.9k). Market cap is less than US$10m (AU$14.0m market cap, or US$8.97m). 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). Shareholders have been diluted in the past year (9.4% increase in shares outstanding). New Risk • Aug 31
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 Less than 1 year of cash runway based on free cash flow trend (-AU$1.5m free cash flow). Revenue is less than US$1m (AU$12k revenue, or US$8.0k). Market cap is less than US$10m (AU$14.4m market cap, or US$9.34m). 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 (16% average weekly change). Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Aankondiging • Aug 10
Corella Resources Ltd Appoints Jess Maddren as the Chief Executive Officer Effective from August 14, 2023 Corella Resources announced the appointment of Jess Maddren as the new Chief Executive Officer effective from 14th August 2023. This appointment aligns with Company's communicated timelines for studies and pursuit of offtake agreements, reinforcing commitment to commencing mining operations. With over 20 years of diverse expertise across the entire business lifecycle, Jess Maddren brings extensive knowledge in geology, mining, mineral processing, R&D, technology, studies, design, engineering, and projects. A proud graduate of UWA (BSc. Hons. Geology), Insead (ExMBA), and AICD, Jess possesses a passion for quality and customer-focused fast-growing businesses. Her well-established global network in mining, minerals, technology, investment, and the business community further enhances confidence in her ability to drive Corella Resources' growth strategy and maximize shareholder value. The Board of Directors wholeheartedly welcomes Jess Maddren and believes her visionary leadership will lead the Company successfully through the next phase of growth. Jess has held both Australian and international leadership roles including Segment Director with Schneider Electric, General Manager with Downer, General Manager and Project Manager with ALS Limited incumbent. Board Change • Feb 28
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Non-Executive Director Peter Woods is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Chairman Phil Re was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Aankondiging • Feb 14
Corella Resources Ltd Announces Outstanding Assay Results from Sonic Resource Infill Drilling Program At Tampu Kaolin/HPA Project Corella Resources Ltd. announced the outstanding assay results from the Company's Sonic Resource infill drilling program completed at its 100% owned Tampu Kaolin/HPA Project. Significant intercepts from the 2022 sonic core drilling include: CRSD014: 11m @ 47.2% SiO2; 38.3% Al2O3; 0.08% Fe2O3; 0.25% K2O; 0.00% Na2O & 0.4% TiO2 from 7m; CRSD015: 10.5m @ 47.0% SiO2; 38.8% Al2O3; 0.11% Fe2O3; 0.16% K2O; 0.06% Na2O & 0.3% TiO2 from 7.5m; CRSD005: 9.5m @ 46.7% SiO2; 38.1% Al2O3; 0.11% Fe2O3; 0.18% K2O; 0.00% Na2O & 0.4% TiO2 from 5m; CRSD007: 16m @ 46.8% SiO2; 38.1% Al2O3; 0.13% Fe2O3; 0.42% K2O; 0.00% Na2O & 0.4% TiO2 from 8m; CRSD006: 12m @ 47.5% SiO2; 37.6% Al2O3; 0.18% Fe2O3; 0.62% K2O; 0.00% Na2O & 0.4% TiO2 from 7m; CRSD001: 7m @ 47.2% SiO2; 38.4% Al2O3;0.18% Fe2O3; 0.18% K2O; 0.00% Na2O & 0.5% TiO2 from 7m; CRSD029: 11m @ 47.2% SiO2; 38.0% Al2O3; 0.20% Fe2O3; 0.35% K2O; 0.00% Na2O & 0.4% TiO2 from 5m; CRSD028: 7m @ 47.2% SiO2; 37.9% Al2O3; 0.20% Fe2O3; 0.43% K2O; 0.00% Na2O & 0.4% TiO2 from 8m; CRSD030: 7m @ 47.5% SiO2; 37.8% Al2O3; 0.23% Fe2O3; 0.44% K2O; 0.00% Na2O & 0.6% TiO2 from 8m; CRSD010: 14m @ 47.5% SiO2; 37.9% Al2O3; 0.27% Fe2O3; 0.28% K2O; 0.00% Na2O & 0.6% TiO2 from 5m; CRSD031: 14m @ 47.3% SiO2; 37.8% Al2O3; 0.28% Fe2O3; 0.40% K2O; 0.00% Na2O & 0.5% TiO2 from 5m; CRSD025: 13m @ 47.3% SiO2; 37.9% Al2O3; 0.30% Fe2O3; 0.40% K2O; 0.00% Na2O & 0.3% TiO2 from 8m; CRSD021: 13m @ 47.4% SiO2; 37.8% Al2O3; 0.32% Fe2O3; 0.16% K2O; 0.00% a2O & 0.4% TiO2 from 3m; CRSD008: 13m @ 47.1% SiO2; 38.0% Al2O3; 0.34% Fe2O3; 0.19% K2O; 0.00% Na2O & 0.4% TiO2 from 5m; CRSD002: 10m @ 47.8% SiO2; 37.9% Al2O3; 0.34% Fe2O3; 0.49% K2O; 0.00% Na2O & 0.5% TiO2 from 7m; CRSD004: 9m @ 48.0% SiO2; 37.8% Al2O3; 0.34% Fe2O3; 0.29% K2O; 0.00% Na2O & 0.4% TiO2 from 5m; CRSD032: 9m @ 48.3% SiO2; 37.2% Al2O3; 0.39% Fe2O3; 0.13% K2O; 0.03% Na2O & 0.6% TiO2 from 6m; CRSD011: 14m @ 47.1% SiO2; 37.6% Al2O3; 0.41% Fe2O3; 0.36% K2O; 0.00% Na2O & 0.5% TiO2 from 8m; CRSD020: 11m @ 47.3% SiO2; 37.5% Al2O3; 0.42% Fe2O3; 0.32% K2O; 0.00% Na2O & 0.4% TiO2 from 3m; CRSD012: 9m @ 47.7% SiO2; 37.6% Al2O3; 0.43% Fe2O3; 0.32% K2O; 0.00% Na2O & 0.5% TiO2 from 9m; CRSD013: 16m @ 47.3% SiO2; 37.7% Al2O3; 0.46% Fe2O3; 0.30% K2O; 0.00% Na2O & 0.4% TiO2 from 8m; CRSD023: 8m @ 46.7% SiO2; 37.5% Al2O3; 0.47% Fe2O3; 0.40% K2O; 0.00% Na2O & 0.5% TiO2 from 10m; CRSD016: 14m @ 48.1% SiO2; 37.6% Al2O3; 0.50% Fe2O3; 0.29% K2O; 0.00% Na2O & 0.4% TiO2 from 5m; CRSD017: 12m @ 48.0% SiO2; 37.6% Al2O3; 0.50% Fe2O3; 0.24% K2O; 0.00% Na2O & 0.4% TiO2 from 6m. During the months of September and October 2022 Corella completed 46 Resource Definition drillholes for a total of 879m consisting of 32 Sonic core and 14 Aircore drillholes. Recent sonic samples were analysed by ALS Metallurgy Pty Ltd.'s laboratory in Balcatta, WA. Results from the 2022 Sonic drilling will be compiled by CSA Global to upgrade the existing Tampu Inferred Mineral Resource Estimate of 24.7Mt of kaolin 1 into Indicated/Measured categories. The upgraded Mineral Resource Estimate will underpin a Scoping Study for the Project which will include options for supply into traditional markets along with a focus on HPA markets. Sonic drill core confirmed the broad zone of bright white kaolin to be shallow with a high brightness and completely above the water table. A bulk scale sonic composite sample will provide definitive metallurgy and further HPA analysis. The Company has already exceptional HPA results from bulk scale composite aircore samples which achieved 99.99957% Al2O3 (5N+) purity. The Company along with its consultants have developed a flowsheet that will not only potentially reduce capital expenditure for a HPA plant but also significantly reduce operational costs. The exceptional assays results achieved from the Sonic drill core from Tampu bodes well for further advancement in the development of HPA specific to the Tampu high purity bright white kaolin. The Company is fast-tracking planning of a test pit at Tampu to provide multiple bulk scale samples for numerous potential offtake partners. In-situ samples from a test pit will provide definitive samples at a bulk scale allowing for advancement of offtake discussions. Tampu has the potential to become a long term source of the highest purity kaolin/HPA globally and is Corella's first kaolin deposit defined at the Project. There is substantial potential for future growth as demonstrated by recent drilling success at the nearby Whitecap and Whitehills prospects with assays pending. Excellent existing infrastructure at Tampu: The Company has entered into a binding contract with grain supply chain co-operative, the CBH Group (Co-operative Bulk Handling Limited) ("CBH") to acquire the Tampu grain bin located ~2.5 km from the Company's flagship Tampu kaolin deposit. The site consists of a 3,750m2 (~15,000 tonne) storage shed, bitumen road access, loading facilities, weighbridge, offices with accommodation and excellent mobile coverage, access to 3 phase power and water connections located at the Cnr Bunce Rd & Bimbily Rd, Tampu. The 100% owned Tampu Kaolin Project is in an attractive location serviced by existing infrastructure including road, power, water, natural gas and a skilled workforce. Bitumen roads provide excellent access. The town of Beacon 29km away from the Project by road is the closest town for supplies and fuel and accommodation. Communications infrastructure is also very good, with a Telstra mobile phone tower in the middle of the project providing excellent communications across the Tampu project. Adding to the potential of the Tampu Kaolin Project is being located only 250km northeast of the Kwinana Bulk Terminal in Fremantle, the largest bulk commodity export port facility in Western Australia. With Western Australia's stable mining jurisdiction, international recognition of the states impressive kaolin resources, anticipated future supply deficits and significant growth in demand, combined with the low capex economics of the simple processing of kaolin deposits from surface, are all positive supporting factors towards Tampu's viability. Board Change • Dec 30
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Non-Executive Director Peter Woods is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Chairman Phil Re was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Nov 16
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Non-Executive Director Peter Woods is the most experienced director on the board, commencing their role in 2021. Independent Non-Executive Chairman Phil Re was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. 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 Chairman Phil Re was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
