New Risk • Jul 01
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$1.7m Forecast net loss in 2 years: AU$7.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings are forecast to decline by an average of 34% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$7.0m net loss in 2 years). Revenue is less than US$5m (AU$1.5m revenue, or US$1.0m). Market cap is less than US$100m (€74.1m market cap, or US$84.3m). New Risk • Jun 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €82.7m (US$95.3m) This is considered a minor 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 Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings are forecast to decline by an average of 49% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$1.5m revenue, or US$1.0m). Market cap is less than US$100m (€82.7m market cap, or US$95.3m). Board Change • May 20
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. MD & Director Lachlan Wallace was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Mar 03
Investigator Silver Limited has filed a Follow-on Equity Offering in the amount of AUD 55 million. Investigator Silver Limited has filed a Follow-on Equity Offering in the amount of AUD 55 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 484,477,741
Price\Range: AUD 0.086
Discount Per Security: AUD 0.0043
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 155,057,143
Price\Range: AUD 0.086
Discount Per Security: AUD 0.0043
Transaction Features: Subsequent Direct Listing Board Change • Dec 30
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. MD & Director Lachlan Wallace was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 24
Investigator Resources Limited, Annual General Meeting, Nov 26, 2025 Investigator Resources Limited, Annual General Meeting, Nov 26, 2025. Location: at grant thornton house, level 3,170 frome street, adelaide sa 5000, Australia Aankondiging • Oct 04
Investigator Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million. Investigator Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 103,768,240
Price\Range: AUD 0.042
Discount Per Security: AUD 0.00231
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 134,326,998
Price\Range: AUD 0.042
Discount Per Security: AUD 0.00231
Transaction Features: Subsequent Direct Listing Aankondiging • Jun 17
Investigator Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4.3 million. Investigator Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 4.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 143,333,337
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Transaction Features: Subsequent Direct Listing Aankondiging • Mar 06
Investigator Resources Limited has announced a Derivatives Offering in the amount of AUD 0.063618 million. Investigator Resources Limited has announced a Derivatives Offering in the amount of AUD 0.063618 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 63,618,236
Price\Range: AUD 0.001
Transaction Features: Rights Offering Aankondiging • Mar 04
Investigator Resources Limited has announced a Derivatives Offering in the amount of AUD 0.317776 million. Investigator Resources Limited has announced a Derivatives Offering in the amount of AUD 0.317776 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 317,775,914
Price\Range: AUD 0.001
Transaction Features: Rights Offering Aankondiging • Oct 29
Investigator Resources Limited, Annual General Meeting, Nov 28, 2024 Investigator Resources Limited, Annual General Meeting, Nov 28, 2024. Location: australian institute of company directors, level 23, 91 king william street, adelaide sa 5000 Australia New Risk • Sep 24
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$5.4m 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$5.4m free cash flow). Share price has been highly volatile over the past 3 months (52% average weekly change). Revenue is less than US$1m (AU$176k revenue, or US$121k). Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (€35.3m market cap, or US$39.4m). New Risk • Sep 23
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 Risks Share price has been highly volatile over the past 3 months (46% average weekly change). Revenue is less than US$1m (AU$14k revenue, or US$9.3k). 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 (11% increase in shares outstanding). Market cap is less than US$100m (€36.8m market cap, or US$41.1m). New Risk • Dec 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.1% 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 (13% average weekly change). Earnings have declined by 2.8% per year over the past 5 years. Revenue is less than US$1m (AU$15k revenue, or US$10.0k). Minor Risks Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Market cap is less than US$100m (€35.2m market cap, or US$38.9m). Aankondiging • Sep 15
Investigator Resources Limited, Annual General Meeting, Nov 23, 2023 Investigator Resources Limited, Annual General Meeting, Nov 23, 2023. New Risk • Sep 10
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$6.3m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (AU$226k revenue, or US$144k). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (7.9% increase in shares outstanding). Market cap is less than US$100m (€34.3m market cap, or US$36.6m). Aankondiging • Jan 19
Investigator Resources Limited Reports Initial Assay Results from the Partially Completed Drill Program on Paris Silver Project in South Australia Investigator Resources Limited reported initial assay results from the partially completed 4,800m drill program on its 100% owned Paris Silver Project in South Australia. The Paris Silver Project, with a JORC 2012 resource of 18.8Mt @ 88g/t silver and 0.52% lead for 53.1Mozs silver and 97.6kt lead, is a shallow high-grade silver deposit amenable to open pit mining, providing outstanding exposure to a metal with strong com- modity, renewable energy and manufacturing demand. Paris South Resource Extension Drill Program: In October 2022 Investigator announced that an area previously excluded from exploration activities at the southern end of the Paris deposit had been reviewed by the Gawler Ranges Aboriginal Corporation (GRAC), the Traditional Owners of the land on which Paris is located. Following additional field surveys and consideration, the GRAC board resolved that the area had no heritage importance and lifted access restrictions to enable drilling. A Reverse Circulation (RC) drill program of approximately 4,800m in 29 holes commenced in late November aimed at testing this cleared area for potential to extend the known silver and lead mineralisation, and ultimately allowing a revised resource estimate for the Paris Silver Project. Assay results for the first 5 holes of the Paris South exploration program have been received and reported in this release. Two holes reported still have intervals awaiting return of assays. These are related to samples that were moist at the time of drilling. In order to ensure robust Quality Assurance/Quality Control (QA/QC) for any resource estimation, Investigator have followed procedures established at Paris, which involves the drying of moist samples prior to preparation and laboratory analysis. Whilst time consuming and laborious, the benefit of this procedure is that all samples are processed in a similar fashion, with lower potential for contamination and uniform whole bag weights enabling qualitative analysis of results. Intersections are quoted using a 10g/t silver cutoff with 1m of internal dilution allowance. Where assays are yet to be returned and are required to fully constrain (close-off) an intersection, that intersection has not been reported in this release, and will be updated in future announcements. Intersections quoted and tabulated in this release are where all samples for the interval have been returned and the intersection closed-off. Hole PPRC850 in Line -2.25 was drilled perpendicular to other planned holes and was designed to provide information on the outcropping silica altered volcanic dyke that runs sub parallel to the standard East-West (local grid) Paris drill line orientations. This hole intersected a broad zone of approximately 113m (down hole width) of intensely silica altered volcanics at the core of the dyke before appearing to change to weakly argillic altered possible ignimbritic volcanics, matching interpretations on prior lines. This hole (PPRC850) returned an intersection of 72m @ 25g/t silver from a shallow 12m, which included 4m @ 71g/t silver from 62m. Results have been partially returned for holes PPRC851, PPRC852 and finalised for PPRC853. All holes are located to the immediate south of the outcropping silica altered volcanic dyke and intersected variably siliceous and sericite altered volcanic ignimbrite interpreted to be analogous with that at Paris. Holes were noted to become progressively more argillic altered with depth. Due to difficult ground conditions all three holes failed to intersect the target dolomite basement and are interpreted to remain in altered volcanics. Best intersections to date include 8m @64g/t silver from 94m, including 6m @ 79g/t silver from 96m in Hole PPRC851; 16m @ 100g/t silver from 33m, including 4m @ 333g/t silver from 44m in Hole PPRC852; and 18m @ 27g/t silver from 39m, including 2m @ 72g/t silver at 54m in Hole PPRC853. As with other holes drilled previously in the southern portion of the Paris deposit, initial results have indicated that broad lead mineralised intervals can be expected, evidenced by Hole PPRC853 which returned 60m @ 1.13% lead from the shallow depth of 4m. Given the initial success from the early results in this program, additional drillholes have been planned and approved on Line -3.0 - a further 50m south of current drilling. Additional drilling will continue attempts to test for dolomite basement given its established association with silver mineralisation within the Paris deposit. A total of 2,400 samples are currently receipted into the analytical laboratory and progressing through the sample preparation and assay process, with results from these expected to be received in early February. Drilling of approximately 1,500m across the remaining original 8 RC holes will commence in late January, immediately followed by the additional 8 holes to expand coverage further south for approximately 1,500m of drilling. Making a total remaining program of 16 holes for 3,000m at Paris South. Conclusions: These encouraging initial results from the Paris South exploration program highlight the potential to extend the current Silver-Lead resource estimate more than 200m to the south of the currently known Paris deposit, potentially adding significant value to the project. Board Change • Nov 16
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 Chairman Richard Hillis was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
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 Chairman Richard Hillis was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 15
Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0.017 loss in FY 2020) Full year 2021 results: Net loss: AU$1.98m (loss narrowed 86% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 112% per year, which means it is well ahead of earnings. 
