New Risk • May 13
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$1.6m 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 (20% average weekly change). Negative equity (-CA$1.6m). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (CA$5.9k revenue, or US$4.3k). Minor Risk Market cap is less than US$100m (AU$79.3m market cap, or US$57.5m). Aankondiging • Dec 04
Black Dragon Gold Corp., Annual General Meeting, Dec 31, 2025 Black Dragon Gold Corp., Annual General Meeting, Dec 31, 2025. Location: at level 1, 10 outram street, west perth wa, 6005 Australia Aankondiging • Nov 24
Black Dragon Gold Corp. has completed a Follow-on Equity Offering in the amount of AUD 4.713354 million. Black Dragon Gold Corp. has completed a Follow-on Equity Offering in the amount of AUD 4.713354 million.
Security Name: Chess Depository Interests
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 79,887,349
Price\Range: AUD 0.059
Transaction Features: Subsequent Direct Listing 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 Alberto Lavandeira Adan 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. Aankondiging • Mar 31
Black Dragon Gold Corp. Provide Update on Scoping Study Salave Gold Black Dragon Gold Corp. announced the results of an updated Scoping Study completed by Bara Consulting (UK) Ltd. ("Bara") on its 100%- owned Salave Gold Project located in Asturias, northern Spain. Completed last month, this updated study is based on the same geology/grade block model used during the Mineral Resource evaluation in 2018, as no further exploration results are currently available. The 2018 Mineral Resource model was reviewed and re-reported by Bara under current assumptions and parameters underpinning reasonable chances of eventual economic extraction (RPEEE), taking into account the significant impact of both inflation and gold prices since 2018. The Study demonstrates robust economics for an underground mining operation with a 14-year mine life plus two years of pre-production development and concurrent closure. This includes considerable improvements in nearly all financial and production metrics with minimal impact on Project development and sustaining costs. A substantial portion of the presently estimated resource is in either the Measured (9%) or Indicated (66%) category, sufficient to support further studies at pre-feasibility study (PFS) levels of detail. Potential for resource extension both at depth as well as along strike through further exploration drilling has been identified. An updated assessment of mining, processing and infrastructure aspects of the Project, including costs and economic analysis, has been undertaken. Environmental baselining work continues, and an initial Environmental Impact Assessment ("EIA") to meet
Spanish requirements has been submitted for consideration by relevant authorities. Additionally, BDG recently submitted an application to the Government of Asturias for Salave to be approved as a Strategic Project through the newly promulgated Asturian law on Strategic Investments. The Project has been independently assessed to meet all key criteria of the new law. Remnant community-level opposition to the project arising is noted but is planned to be addressed going forward both through enhanced stakeholder engagement, as well as reaching `Strategic Investment' status as applied for in December 2024. Salave Study reports total (M + I + I) Mineral Resource expansion of more than 50% to 17.1Mt at 2.85 g/t Au for a total of 1.56 Moz contained Au Salave to generate after tax NPV of USD 506 million and 34% IRR at a conservative assumed gold price of USD 2106/oz Average forecast Annual Production (LOM) boosted to 99,462oz Au in concentrate at an average grade of 59.7 g/t Au and gold recovery to concentrate rate of 97%. Almost all other financial and production metrics improved through new Scoping Study BDG expects at least half of estimated capital expenditure for Salave Project development, construction and operation will be invested in Asturias region of northern Spain. Strengthens case for favourable assessment of Salave as a "Strategic Investment" Project by the Asturias Government in tandem with delivering economic and social benefits to region. Clear pathway exists to pre-feasibility and feasibility level studies over the next 12-24 months. Board Change • Feb 04
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 Alberto Lavandeira Adan 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. Aankondiging • Jan 21
Black Dragon Gold Corp. Appoints Heidy Arocha to its Board as a Non-Executive Director, Effective 21 January 2025 Black Dragon Gold Corp. appointed Ms. Heidy Arocha to its Board as a Non-Executive Director, commencing in role 21 January 2025. A practising Spanish lawyer, Ms. Arocha has more than 25 years' experience specialising in public and corporate law and is fluent in both Spanish and English. Over the past 15 years she has held a range of roles with public and private international gold mining companies, including 7 years as Director of Legal and External Affairs for Canadian company Kinross Gold Corporation. During her tenure at Kinross Ms. Arocha worked extensively across Spain, Ghana and Mauritania. Ms. Arocha has also acted as a consulting lawyer to a range of mining companies. This currently includes providing general advisory and counsel to Asante Gold Corporation. She is currently Non-Executive Director of Akaawa Mining Limited. Prior to working in the resources sector, Ms. Arocha has had experience in the construction industry and associated Spanish permitting processes, during her appointment as President of the Builder's Association of Las Palmas and international business through her role as General Manager of the American Chamber of Commerce in the Canary Islands. Board Change • Dec 24
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 Alberto Lavandeira Adan 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. Aankondiging • Nov 22
Black Dragon Gold Corp., Annual General Meeting, Dec 20, 2024 Black Dragon Gold Corp., Annual General Meeting, Dec 20, 2024. Location: at level 1, 10 outram street, australia 6005, west perth wa Australia Aankondiging • Oct 30
Black Dragon Gold Corp. has filed a Follow-on Equity Offering in the amount of AUD 0.712043 million. Black Dragon Gold Corp. has filed a Follow-on Equity Offering in the amount of AUD 0.712043 million.
Security Name: CHESS DEPOSITARY INTERESTS
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 28,481,720
Price\Range: AUD 0.025
Transaction Features: Subsequent Direct Listing New Risk • May 15
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: -CA$1.2m 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 (-CA$1.2m free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (AU$4.97m market cap, or US$3.29m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). New Risk • Mar 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% 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 Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (AU$5.64m market cap, or US$3.68m). Minor Risk Shareholders have been diluted in the past year (13% increase in shares outstanding). Board Change • Mar 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. 3 non-independent directors. Independent Non-Executive Director Alberto Lavandeira Adan 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. Aankondiging • Mar 13
Black Dragon Gold Corp. has completed a Follow-on Equity Offering in the amount of AUD 1.204902 million. Black Dragon Gold Corp. has completed a Follow-on Equity Offering in the amount of AUD 1.204902 million.
Security Name: Chess Depositary Interest
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 29,997,620
Price\Range: AUD 0.02
Security Name: Chess Depositary Interest
Security Type: Depositary Receipt (Common Stock)
Securities Offered: 30,247,500
Price\Range: AUD 0.02
Transaction Features: Subsequent Direct Listing Board Change • Feb 14
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 Alberto Lavandeira Adan 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 • Dec 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. 3 non-independent directors. Independent Non-Executive Director Alberto Lavandeira Adan 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. Aankondiging • Oct 31
Black Dragon Gold Corp. Options Open as Salave Progress Black Dragon Gold Corp. provided the following quarterly activities report for the period ending 30 September 2023. During the quarter, Black Dragon identified received assay results from a maiden shallow drilling programme conducted at the Padbury Gold Project northwest of Meekatharra, Western Australia. Drilling consisted of 10 reverse circulation (RC) holes for 1038m targeting beneath surface gold anomalies, and followed a comprehensive soil sampling program that collected and tested more than 540 samples in late 2022. Assay results yielded low-level anomalous gold in several parts of the system. Laboratory XRF analysis indicated the presence of multi-element anomalous silver, copper and sulphur, suggesting the Padbury granitoid has been subjected to mineralising activity, however the occurrence of extensive surface gold nugget occurrences is yet to be explained. Multi-element assay results included: 2m @ 37g/t Ag from 49m in hole PRC004; 3m @ 379ppm Cu from 7m in hole PRC006; 2m @ 2049ppm Pb from 3m in hole PRC004. 3m @ 1.8% S from 5m in hole PRC007. Salave Gold Project in northern Spain moves forward. Black Dragon proactively approached the ruling party with a view of reinforcing the significant economic and social benefits the Salave Gold Project will bring to the region once operational. Company representatives remain in constant communication with the Asturian Regional Government to progress EIA approvals and relevant zoning changes for Salave Gold critical to its development pathway. Next operational steps. Black Dragon continues taking a responsible fiscal approach while looking at potential exploration activity for the 100%-owned Padbury Gold Extension (E51/1969) and Ivan Well (E69/3818) exploration licences. Ongoing liaison and outreach with relevant Spanish officials and regulatory bodies as the EIA progresses remains a priority with regard to the Salave Gold Project. Aankondiging • Oct 28
Black Dragon Gold Corp., Annual General Meeting, Dec 05, 2023 Black Dragon Gold Corp., Annual General Meeting, Dec 05, 2023. Location: Level 1, 10 Outram Street, West Perth Western Australia Australia Board Change • Oct 09
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 Alberto Lavandeira Adan 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 • Sep 07
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 Alberto Arsenio Lavandeira Adan 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 • May 30
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 Alberto Arsenio Lavandeira Adan 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 • Mar 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 Director Alberto Arsenio Lavandeira Adan 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 • Feb 10
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 Alberto Arsenio Lavandeira Adan 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. Aankondiging • Jan 26
Black Dragon Gold Provides Quarterly Activities Report for the Period Ending December 31, 2022 Black Dragon Gold provided quarterly activities report for the period ending December 31, 2022. Padbury Gold Project exploration yields early results: During the quarter, Black Dragon identified gold in soil anomalies at its 100 per cent-owned Padbury Gold Project near Meekatharra, Western Australia. As announced by the Company to the ASX on 28 November 2022, the program collected 541 samples, tested using the innovative CSIRO Ultrafine technique, and was the first significant gold exploration program at the project beyond historic, traditional surface prospecting activity. Significant gold in soil anomalies identified included: 3,700m x 700m gold in soil anomaly at the Fenceline Prospect; 2,300m x 1,100m gold in soil anomaly at the Ross's Bore Prospect; 1,000m x 350m gold in soil anomaly at the Honey Pot Hill Prospect. The Padbury Gold Project is an intrusion related gold target located on the northern Yilgarn Margin. New gold anomalies detected through the sampling program are parallel with a regional WNW-ESE striking structural geological architecture. Anomalies are coincident with prospecting activity where numerous gold nuggets and gold in quartz have been identified in surface quartz lag deposits. The application of the Ultrafine technique reduces the nugget effect and is designed to detect bedrock accumulation including gold from intrusion related gold structures. Soil sampling program After acquiring the project in July 2022, the Company commenced a soil sampling program focused on ridges and spurs where transported cover is thinnest, with samples spaced between 100m and 600m along sample lines. This work identified several targets over a regional 8km gold trend, coincident with a WNW-ESE striking structural grain identified in previously conducted remote sensing interpretations. In addition, geochemical principal component analysis of the multi-element data shows there is a spatial association with elevated lanthanum-cerium-magnesium-calcium that indicates potential carbonate alteration in geological structures, and copper-silver-mercury that is a common association in the intrusion related gold deposits. These associations further indicate that the source of the anomalism is likely related to a bedrock accumulation of mineralisation. Compilation of prospector gold occurrences The project includes a compilation of prospector identified gold nuggets on the Padbury permit. These location coordinates have been supplied to the Company under an agreement with prospectors. Gold has been recovered using non-mechanical methods (metal detecting) with both free gold nuggets and gold in quartz, which is presumed to be eroded from nearby bedrock sources. In total, 71 nuggets and occurences have been recorded and follow a broad WNW-ESE trend similar to the gold- in-soil sampling. Salave Gold Project in northern Spain moves forward During the quarter, Black Dragon continued to progress its 1.5m+ oz Salave high grade gold project in Asturias, northern Spain, with regular discussions occurring between the Company and key stakeholders including the Asturian Regional Government. Black Dragon further progressed its Environmental Impact Assessment (EIA) permitting program following submission of its responses to public and administrative comments received during the public consultation period. Black Dragon fielded several technical queries from the Asturian Government, which were duly responded to and cleared as part of open and ongoing dialogue. Company representatives remain in constant communication with the Asturian Regional Government to progress EIA approvals and relevant zoning changes for Salave Gold critical to its development pathway. Board Change • Dec 08
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 Alberto Arsenio Lavandeira Adan 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. 2 non-independent directors. Independent Non-Executive Director Alberto Arsenio Lavandeira Adan 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 • Jun 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 Non-Executive Director Alberto Arsenio Lavandeira Adan 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 • Jun 17
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 Alberto Arsenio Lavandeira Adan 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 • Apr 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 Non-Executive Director Alberto Arsenio Lavandeira Adan 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 • Jan 15
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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Alberto Arsenio Lavandeira Adan was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 11
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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Alberto Arsenio Lavandeira Adan was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Sep 22
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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Alberto Arsenio Lavandeira Adan was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 14
Independent Non-Executive Director Richard Monti has left the company On the 11th of August, Richard Monti's tenure as Independent Non-Executive Director ended after 4.1 years in the role. We don't have any record of a personal shareholding under Richard's name. Richard is the only executive to leave the company over the last 12 months. Director Overboarding • Aug 04
Director Jonathan Battershill has joined 3rd company board Jonathan Battershill has been appointed to the board of Anglesey Mining plc (LSE:AYM). Battershill now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Anglesey Mining plc (LSE:AYM), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 04
Director Jonathan Battershill has joined 3rd company board Jonathan Battershill has been appointed to the board of Anglesey Mining plc (LSE:AYM). Battershill now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Anglesey Mining plc (LSE:AYM), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 04
Director Jonathan Battershill has joined 3rd company board Jonathan Battershill has been appointed to the board of Anglesey Mining plc (LSE:AYM). Battershill now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Anglesey Mining plc (LSE:AYM), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. 