New Risk • Jul 20
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 13% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.1m free cash flow). Earnings have declined by 58% per year over the past 5 years. Shareholders have been substantially diluted in the past year (136% increase in shares outstanding). Revenue is less than US$1m (AU$22k revenue, or US$15k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$16.3m market cap, or US$11.4m). Recent Insider Transactions • Jul 05
Non-Executive Independent Director recently bought AU$109k worth of stock On the 29th of June, Mark Tomlinson bought around 2m shares on-market at roughly AU$0.068 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$561k more in shares than they have sold in the last 12 months. Announcement • Jul 03
BOA Resources Limited Announces Managing Director Changes, Effective July 1, 2026 BOA Resources Limited announced the appointment of Graeme Purcell as its Managing Director, effective 1 July 2026. Cath Norman, who has been serving as both Managing Director and Chair of BOA, will move to Non-Executive Chair, effective 1 July 2026. Mr. Purcell, who joined the BOA Board in 2021, is a highly regarded geologist who has been part of several important mineral discoveries within Australia and overseas. With 30 years of experience, Mr. Purcell has worked across a diverse range of mineral systems including gold, base metals, and strategic minerals in various geological terranes and jurisdictions. Mr. Purcell has held roles with both major and junior resource companies, including Plutonic Resources, Homestake Mining, Barrick Gold, Black Fire Minerals and as a consultant, and his experience spans the exploration spectrum from generative and grassroots through to near-mine and in-mine resource development. 
