Board Change • Apr 01
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 Director Myles Campion was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 18
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$4.6m 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$4.6m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Revenue is less than US$1m (AU$31k revenue, or US$22k). Market cap is less than US$10m (AU$7.26m market cap, or US$5.16m). Announcement • Dec 31
DY6 Metals Ltd (ASX:DY6) completed the acquisition of Yaoundé West Project from Desmond Metals Pty Ltd. DY6 Metals Ltd (ASX:DY6) entered into a binding agreement to acquire Yaoundé West Project from Desmond Metals Pty Ltd on September 15, 2025. The Upfront Consideration of AUD 0.75 million in cash and 10,000,000 fully paid ordinary shares (escrowed for 3 months post issue) and Deferred Consideration of 5,000,000 Tranche 1 Performance Rights, which convert into ordinary shares 6 months post completion, 5,000,000 Tranche 2 Performance Rights, which convert into ordinary shares 12 months post completion; and AUD 0.75 million in cash 12 months post completion. The transaction is subject to shareholder approval.
DY6 Metals Ltd (ASX:DY6) completed the acquisition of Yaoundé West Project from Desmond Metals Pty Ltd on December 31, 2025. 
