Aankondiging • Nov 19
Eagle Mountain Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6551 million. Eagle Mountain Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6551 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 183,900,000
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Oct 16
Eagle Mountain Mining Limited, Annual General Meeting, Nov 14, 2025 Eagle Mountain Mining Limited, Annual General Meeting, Nov 14, 2025. Location: 52 ord street, west perth, western australia, Australia Aankondiging • Mar 18
Eagle Mountain Mining Limited Announces Changes to Its Board Eagle Mountain Mining Limited announced the appointment of Michael Fennell as a Non-Executive Director effective from 17 March 2025. Michael has over twenty years' experience in equity capital markets specialising as a Private Client Investment Advisor for high-net worth and institutional clients. He also holds a Bachelor of Commerce (Accounting and Finance). Michael's work was instrumental in the Company's Initial Public Offer (IPO) in 2018 and he has
been a supporting shareholder over the years. The Company advised that the Managing Director, Charlie Bass, has communicated his desire to step down from the Board and retire from active involvement in the coming months. Aankondiging • Feb 27
Eagle Mountain Mining Limited Appoints Fabio Vergara as an Executive Director Eagle Mountain Mining Limited the appointment of Mr. Fabio Vergara as an Executive Director. Prior to joining the Board, Mr. Vergara is an MSc-qualified geologist with 15 years of experience in the mining industry primarily in exploration and consulting roles across Australia, North America, Africa and Europe. He has been involved at management level with listed and unlisted entities including with the Bass Group family office and at Eagle Mountain. Mr. Vergara is a Director of Leontopodium Pty Ltd. Leontopodium also acts as a facilitator in the divestment/acquisition of mineral assets and provides technical advisory to boards. Mr. Vergara is based in Perth, Western Australia. Aankondiging • Feb 25
Eagle Mountain Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 6.51316 million. Eagle Mountain Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 6.51316 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 721,183,997
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 80,065,500
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00008
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,895,516
Price\Range: AUD 0.008
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Feb 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 (26% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m (AU$47k revenue, or US$30k). Market cap is less than US$10m (AU$3.21m market cap, or US$2.03m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Rick Crabb was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Aankondiging • Dec 18
Eagle Mountain Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 6.410524 million. Eagle Mountain Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 6.410524 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 721,250,000
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 80,065,500
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00008
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Nov 06
New major risk - Revenue and earnings growth Earnings have declined by 12% 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$5.2m free cash flow). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m (AU$47k revenue, or US$31k). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$18.1m market cap, or US$11.8m). Aankondiging • Oct 30
Eagle Mountain Mining Limited, Annual General Meeting, Nov 28, 2024 Eagle Mountain Mining Limited, Annual General Meeting, Nov 28, 2024. Location: at ground floor, 22 stirling highway, nedlands, western australia, Australia New Risk • Sep 24
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 Risk Revenue is less than US$1m (AU$36k revenue, or US$25k). 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 (29% increase in shares outstanding). Market cap is less than US$100m (AU$18.5m market cap, or US$12.7m). New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$36k revenue, or US$24k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$22.4m market cap, or US$14.9m). New Risk • Mar 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% 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 Risk Revenue is less than US$1m (AU$36k revenue, or US$24k). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$22.1m market cap, or US$14.4m). Aankondiging • Jan 29
Eagle Mountain Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 4.574 million. Eagle Mountain Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 4.574 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 20,833,333
Price\Range: AUD 0.06
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Security Features: Attached Options
Transaction Features: Rights Offering Breakeven Date Change • Dec 04
Forecast breakeven date pushed back to 2026 The analyst covering Eagle Mountain Mining previously expected the company to break even in 2025. New forecast suggests losses will reduce by 19% per year to 2025. The company is expected to make a profit of AU$36.0m in 2026. Average annual earnings growth of 89% is required to achieve expected profit on schedule. New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings have declined by 36% 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$17m free cash flow). Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m (AU$1.0k revenue, or US$656). Minor Risks Currently unprofitable and not forecast to become profitable next year (AU$8.0m net loss next year). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (AU$20.1m market cap, or US$12.8m). Aankondiging • Oct 26
Eagle Mountain Mining Limited, Annual General Meeting, Nov 29, 2023 Eagle Mountain Mining Limited, Annual General Meeting, Nov 29, 2023, at 11:00 W. Australia Standard Time. Location: at Ground Floor, 22 Stirling Highway Nedlands Western Australia Australia Agenda: To receive and consider the annual financial report, Directors' report and Auditor's report of the Company for the financial year ended 30 June 2023, as contained in the Company's 2023 Annual Report; to consider the Adoption of Remuneration Report; to consider the Re-Election of Director by rotation Roger Port; to consider the Approval of Additional Placement Facility; to consider the Approval of proportional takeover provisions; and to consider other matter also. Breakeven Date Change • Mar 17
Forecast to breakeven in 2025 The analyst covering Eagle Mountain Mining expects the company to break even for the first time. New forecast suggests losses will reduce by 48% per year to 2024. The company is expected to make a profit of AU$9.00m in 2025. Average annual earnings growth of 94% is required to achieve expected profit on schedule. Aankondiging • Jan 24
Eagle Mountain Mining Limited Provides Update on its 100% Owned Oracle Ridge Copper Mine Project in Arizona, USA Eagle Mountain Mining Limited provided an update on its 100% owned Oracle Ridge Copper Mine Project (Oracle Ridge, or the Project) in Arizona, USA. Eagle Mountain commenced underground drilling in mid-January following the completion of the initial refurbishment of the underground mine. Boart Longyear LLC (Boart) has been appointed as the drilling contractor based on its reputation and the strong business relationship developed with the Company over the last 24 months of drilling at the Project. Thirteen drill stations have been established to allow resource upgrade and metallurgical drilling to occur from within the mine. Drilling from underground is expected to be far more efficient than drilling from surface due to shorter hole lengths and less impact from weather events. The first drill station plans to have 17 holes drilled from this area. Underground drilling will prioritize the upgrading of existing Indicated and Inferred Resources into Measured and Indicated Resources respectively, with a focus on those areas of the deposit expected to be mined in the first five years of potential production. The additional confidence achieved will assist in technical and economic studies. The surface rig is currently on hold until access for further targets is established or the permit for the OREX target is received. An underground wall sampling program has also recently commenced which will target the large exposure of copper mineralization in the underground workings to generate high-quality underground geological maps and semi-continuous samples across the exposed mineralization. The program is expected to take several months to complete, and the results will be used to better understand small scale grade variability, assess the representatively of the existing Mineral Resource Estimate and identify suitable areas for additional metallurgical work such as bulk sampling. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Rick Crabb was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Aug 05
MD & Executive Director recently bought AU$76k worth of stock On the 4th of August, Charles Bass bought around 325k shares on-market at roughly AU$0.23 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$628k more in shares than they have sold in the last 12 months. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Rick Crabb was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Feb 08
MD & Executive Director recently bought AU$297k worth of stock On the 4th of February, Charles Bass bought around 500k shares on-market at roughly AU$0.59 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Is New 90 Day High Low • Feb 26
New 90-day high: AU$0.51 The company is up 57% from its price of AU$0.33 on 27 November 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 21% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: AU$0.47 The company is up 42% from its price of AU$0.33 on 01 October 2020. The Australian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 19% over the same period. Aankondiging • Nov 20
Eagle Mountain Mining Limited Announces Assay Results from Its Recently Commenced Drilling Program At the Company's 80% Owned Oracle Ridge Mine Project Eagle Mountain Mining Limited announced assay results from its recently commenced drilling program at the Company's 80% owned Oracle Ridge Mine Project ("Oracle Ridge") in Arizona, USA. Assay results from selected zones within drill holes WT-20-05 and WT-20-02 have been received and are reported. WT-20-05 WT-20-05 was the first hole testing the potential of the southern area at Oracle Ridge. A significant zone of 15.1m @ 1.72% Cu, 16.87g/t Ag, 0.38g/t Au from 313.9m was intersected within a magnetite-rich skarn zone just above the Leatherwood-Sediments contact. Two higher grade intervals are contained within this broader zone including 8.41m @ 2.46% Cu, 25.09g/t Ag, 0.56g/t Au from 321.29m and above this higher grade zone, 3.45m @ 1.89% Cu, 15.97g/t Ag, 0.35g/t Au from 313.9m. This result confirms the prospectivity of the Leatherwood-Sediments contact to host significant skarn-hosted copper mineralisation as already demonstrated by historical holes drilled by previous owners such as C-115 and C-113. Drill hole WT-20-10 was designed to test the Leatherwood-Sediments contact approximately 40m to the north east of WT-20-05. This drill hole intersected skarn alteration with zones of copper mineralisation at the contact. Detailed logging is pending at the time of this report. Drill holes WT-20-11 and WT-20-12 were designed to test the south western extension of the intersection in WT-20-05. Detailed logging is pending at the time of this report. WT-20-02 WT-20-02 was drilled at the northern end of the mine area. This hole was designed to test the Geesman Fault ("Geesman"), a major structure which bounds the Oracle Ridge mine geology to the north. No previous drilling has intersected the fault and its role as a pathway for mineralizing fluids had never been assessed. The Geesman was successfully intersected by WT-20-02 and appears as a series of strongly sheared zones up to 15m thick occurring within Leatherwood intrusive between approximately 115 and 310m downhole (Figure 4). Within this larger zone, a 54m interval from 200m downhole showed highly anomalous base metal values (Zn >700ppm, Pb > 600ppm and Cu >300ppm). Sphalerite (Zn sulphide), chalcopyrite (Cu sulphide), and galena (Pb sulphide) are hosted in veinlets cross-cutting the intrusive. Weak to moderate sericitic alteration was also observed. Aankondiging • Nov 08
Eagle Mountain Mining Limited Announces High Grade Assays from Initial Drilling at the Company's 80% Owned Oracle Ridge Mine Project in Arizona, USA Eagle Mountain Mining Limited announced high grade assays from initial drilling at the Company's 80% owned Oracle Ridge Mine Project ("Oracle Ridge") in Arizona, USA. Eagle Mountain's intends to build a low-cost mining operation, which involves increasing the resource base both within the current mine area and in the near-mine vicinity. A surface diamond drilling program commenced at Oracle Ridge in early September 2020, designed primarily to target extensions of the high-grade portions of the existing NI43-101 Minerals Resources Estimate ("MRE"). Assays results from holes WT-20-03 (upper part only) and WT-20-04 (selected zones) have been received and are reported in this announcement. WT-20-04: WT-20-04 was drilled in the same zone as the high-grade intersection in historical drill hole OUH-063 (7.7m @ 5.11% Cu, 55.83g/t Ag and 0.72g/t Au), to assess the mineralisation's true thickness. The hole was also extended at depth to confirm a historical intersection in a scarcely drilled area of the deposit. Drillhole WT-20-04 intersected high-grade mineralisation (4.56m @ 5.28% Cu, 50.7g/t Ag and 0.77g/t Au, including 0.93m @ 13.05% Cu, 127g/t Ag and 0.32g/t Au), immediately to the north of the historical intersection in OUH-063, confirming the historical grades and suggesting a healthy thickness to this zone. In addition, 1.34m of the above zone included a gold grade of 2.24g/t Au which is one of the high gold grades seen at Oracle Ridge. A review of the historical and new results also suggests that the mineralisation in the area could be flat lying rather than east-dipping as previously interpreted. Multiple thin fractures with Bornite and /or Chalcocite, both high grade copper inerals, were observed immediately below this intercept. The mineralisation is unconstrained for approximately 100m to the east and follow up drilling is planned to test extensions in this area. WT-20-04 also intersected a lower mineralised zone near the Leatherwood-sediments contact near historical intersections in drill hole C-132. This lower intersection remains open in all directions. Eastern extensions along the contact could link this mineralisation to a zone of scattered copper sulphides intersected in drill hole C-078 almost 200m to the east. WT-20-03: WT-20-03 was designed to test a sparsely drilled area with potential for extensions of high-grade intersections encountered in historical drilling, within the Escabrosa limestone formation and at the Leatherwood-sediments contact. The drill hole successfully intersected three separate zones of mineralisation from 184m depth. The results confirmed the merit of the exploration concept being tested and have increased the prospectivity of this entire area, which was previously considered barren of copper mineralisation. Importantly this new area is adjacent to historical developments. Further drilling is currently being planned to establish continuity, tenor and thickness of the mineralisation between WT-20-03 and the historical holes to the north and south. The Leatherwood contact showed moderate skarn alteration with weak to moderate copper sulphides. Assays results for this lower section are still awaited. Aankondiging • Oct 14
Eagle Mountain Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Eagle Mountain Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 0.3
Discount Per Security: AUD 0.018
Transaction Features: Subsequent Direct Listing Aankondiging • Oct 13
Eagle Mountain Mining Limited Announces Significant Expansion Potential Identified At Oracle Ridge 105 New Near Mine Claims Staked Eagle Mountain Mining Limited announced that subsequent to field follow-up of geophysical anomalies in the near-mine area, in pursuit of expanding its potential mineable resource base, the Company has staked 105 Unpatented Mining Claims ("Claims") surrounding Eagle Mountain's 80% owned Oracle Ridge Copper Mine Project ("Oracle Ridge") in Arizona. The new Claims are within five kilometres of mine portals and cover two prospective areas named OREX and Red Hawk. OREX is prospective for skarn-hosted high-grade Cu-Ag-Au mineralisation while Red Hawk is potentially prospective for porphyry copper mineralization. The areas for the Claims were selected following a systematic exploration program completed by Eagle Mountain's technical team over the past nine months. The program included regional geophysics, multi-spectral image analysis, historical data review and geological mapping and sampling. OREX is contiguous to the Oracle Ridge mine tenements on the east side and shares the same geology as at the mine. 81 new unpatented mining claims have been staked in the area for approximately 6 km2 of new ground, with highlights from this prospect detailed below. A review of historic reports, part of the dataset received with the acquisition of Oracle Ridge, has highlighted the presence of 7 drillholes in the area to the east of the mine. This information, whilst not JORC compliant, is of sufficient significance that together with recent field work adds substantial support to the geological interpretation for the OREX area. Red Hawk covers a strong VTEMTM Plus electromagnetic anomaly and is located approximately five kilometres to the north-east of Oracle Ridge. 24 new unpatented mining claims have been staked in the area covering a strong electromagnetic anomaly. Highlights from this prospective area include: Two adjacent, strong electromagnetic anomalies identified by the regional VTEMTM Plus survey; The anomalies are consistent with plate model conductors dipping gently to the north- east; The anomalies sit within a mapped regional granite and do not appear skarn related; Field reconnaissance identified a strongly altered and brecciated, hematite-rich quartzite. Further work is required to understand the local geology, the nature of the alteration and the mineral prospectivity of the area. The strong electromagnetic anomalies and the alteration observed during geological mapping are encouraging and warranted the staking of new claims over the area. Is New 90 Day High Low • Oct 07
New 90-day high: AU$0.37 The company is up 155% from its price of AU$0.14 on 08 July 2020. The Australian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 4.0% over the same period.