New Risk • Apr 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 33% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$7.18m market cap, or US$5.14m). Announcement • Oct 24
Zeus Resources Limited, Annual General Meeting, Nov 26, 2025 Zeus Resources Limited, Annual General Meeting, Nov 26, 2025. Location: at level 1, 9 bowman street, south perth wa 6151 Australia Announcement • Apr 08
Zeus Resources Ltd Receives Written Confirmation from the South Australian Government That the Company's 100% Owned Tenement El7058 Has Been Granted Zeus Resources Ltd. announced that it has received written confirmation from the South Australian Government that the Company's 100% owned tenement EL7058 has been granted - located ~420 km east-northeast of Port Augusta. EL7058, covering an area of 218 km2, was granted on 26 March 2025 for a period of 6 years expiring 25 March 2031. The Company previously identified the tenement as prospective for uranium, REE and lithium from historical geological mapping and the interpreted continuation of the geological rock-types found in the neighboring projects. Kalabity Project Area. Despite the large amount of mineral exploration work completed in other parts of the Olary Block, previous exploration with EL7058 has not been extensive. The region has, however, been well covered by regional airborne geophysical surveys. Most past work has focused on exploring for gold, base metals and uranium. The only drilling within the tenement area was auger drilling by North Mining Ltd. in 1995 in the northern portion of the tenement application exploring for Broken Hill style stratiform Zn-Pb-Ag and/or Roxby Downs style discordant Cu-Au and Zn deposits. The Company has experience exploring for gold, base metals, uranium, pegmatite hosted lithium and REE minerals on their Exploration Licenses in Western Australia and will use these techniques found to be successful in WA on EL7058. This exploration will be in conjunction with exploration on the nearby EL7008 at Bimbowrie that was also recently granted to Zeus Resources Ltd. The Company will develop an exploration program to prepare and submit a Mining Management Plan for Exploration (MMP), seeking approval to conduct exploration and drilling works in the tenement area. The Company will engage with key stakeholders in the project area and seek approval prior to conducting preliminary exploration works targeting uranium, gold, base metals and lithium using a combination of geological mapping, geochemical sampling, and reconnaissance drilling works. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major 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 (18% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m (AU$27k revenue, or US$17k). Market cap is less than US$10m (AU$4.48m market cap, or US$2.79m). Announcement • Dec 19
Zeus Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.3 million. Zeus Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 37,500,000
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00024
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 18
Zeus Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.6 million. Zeus Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 75,000,000
Price\Range: AUD 0.008 Board Change • Oct 18
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Company Secretary & Executive Director Rob Marusco is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Aug 30
Zeus Resources Limited, Annual General Meeting, Oct 30, 2024 Zeus Resources Limited, Annual General Meeting, Oct 30, 2024. Announcement • Jun 27
Zeus Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.551137 million. Zeus Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.551137 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 68,892,150
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Jun 15
Zeus Resources Ltd Receives a Notice from Zhengyuan International Mining Company Ltd On June 14, 2024, Zeus Resources Ltd announced that it has received documents from Zhengyuan International Mining Company Ltd requesting that the directors of the Company call and arrange to hold a general meeting to consider resolutions under Section 249D Notice and Section 203D Notice of the Corporations Act 2001 for the removal of Robert Marusco, Alvin Tan, Hugh Pilgrim as director and the removal of any director appointed after June 7, 2024, as a director of the Company. Announcement • Jun 13
Zeus Resources Limited Announces Board Appointments Zeus Resources Limited announced the following board updates. On 7 June 2024 following various resolutions voted on by shareholders at a general meeting of shareholders on 6 June 2024 the Company provided a general board and company update. The three current non-executive directors, Mr. Alvin Tan, Mr. Robert Marusco and Mr. Hugh Pilgrim have been appointed as interim executive directors. These executive appointments are to be reviewed on 31 December 2024. The Company is, amongst other things, examining its current assets, strategy and working to re-position Zeus to better reflect shareholder desires following the director changes approved by shareholders on 6 June 2024. New Risk • Mar 14
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$1.1m 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$1.1m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m (AU$23k revenue, or US$15k). Market cap is less than US$10m (AU$4.13m market cap, or US$2.74m). Minor Risk Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Announcement • Oct 07
Zeus Resources Ltd Announces Update of Blue Hill Lithium and REE Project Zeus Resources Ltd. announced that the Company has completed a reconnaissance soil sampling program at its Blue Hill Project (E59/2804) and applied for two new tenements (E59/2853 and E59/2854) approximately 60 km north of Paynes Find. While collecting the soil samples in E59/2804 several new pegmatite outcrops were located. The new tenements cover approximately 18 km and 36 km respectively of the Wydgee Fold Belt greenstones and granitic rocks that are considered by Zeus to be highly prospective for lithium and REE bearing pegmatites, gold, and base metals. Zeus' Blue Hill EL application E59/2804 is located 4 km to the east of the Rothsay gold mine owned by Silver Lake Silver Lake Resources Ltd. and 6 km south of the Golden Dragon open cut gold mines now owned by Warriedar Resources Ltd. During September 2023, the Company geologist carried out a field trip to the Blue Hill Project to collect reconnaissance soil and rock chip samples on E59/2804 and to determine the lithium, REE, gold, and base metal potential of several areas not covered by tenements in the vicinity of Paynes Find. A total of 42 soil samples and 3 rock chip samples were collected during this field trip and have been submitted to ALS laboratory in Perth for chemical analysis. The results of the samples are expected within approximately 8 weeks. E59/2804 and E59/2806 lie at the south end of the Warriedar Fold Belt along the contact between the greenstones (metamorphosed igneous rocks and sediments) and granitic intrusives. E59/2853 and E59/2854 are located on Nalbarra Station in Big Bell Suite monzogranites and Tuckanarra Suite meta-granites to the west of the Wydgee Fold Belt. The regional Geological Survey of WA (GSWA) mapping of the area covered by the tenements shows that they are mostly covered by eluvial and alluvial sands and silts with some scattered small outcrops of bedrock with almost all the tenements overlying Yilgarn Craton granites. The field trip was planned to determine the prospectivity of several areas not covered by tenements prior to possible applications and take reconnaissance soil samples over targets on E59/2804. Several subcrops of coarse-grained granite and pegmatite were located in the areas now covered by Zeus' new EL applications, E59/2853 and E59/2854 covering approximately 18 km2 and 36 km2 respectively. These subcrops along with their proximity to the Wydgee Beryl Prospect indicated that the two areas are very prospective for pegmatite hosted lithium and rare earth element (REE) minerals. Other areas visited during the field trip were not considered for tenement applications as they were deemed to be less prospective. Two rock chip samples were collected from E59/2853 for chemical analysis. A total of 42 reconnaissance and 1 rock chip soil samples were collected over targets on E59/2804. The samples collected in the north of the tenement followed the road at 100m intervals over the granite/mafic intrusion contact. Subcropping coarse grained granite was common over the granite section along with some scattered fragments of coarser feldspar/quartz/biotite pegmatite over the whole of the traverses sampled. The samples collected in the south along traverses at 100m intervals were entirely covered by Recent sand deposits with some scattered coarsely crystalline fragments of granite at the southern end of the traverse. The Blue Hill and Wydgee regions had been actively explored for mainly gold and base metals since the 1960s with more recent exploration during the last ten years at Blue Hill for iron ore. A search of the GSWA WAMEX database shows that in Zeus' newest tenement applications, limited drilling for gold and base metals have been recorded along the east side of on E59/2854 in the greenstones looking for extensions to the nearby Kirkalocka Gold Mine. Soil sampling for gold and base metals has been carried out on the eastern and western edges of E59/2854. No sampling at all has been recorded on E59/2853. Announcement • Oct 06
Zeus Resources Limited, Annual General Meeting, Nov 15, 2023 Zeus Resources Limited, Annual General Meeting, Nov 15, 2023, at 13:00 AUS Eastern Standard Time. Location: Christie Spaces Conference Centre, Room D, Level 4, 100 Walker Street, North Sydney Sydney Australia Agenda: To receive and consider the Financial Report of the Company and the accompanying Directors' and Auditor's Reports in respect of the financial year ended 30 June 2023; to consider and Adoption of the Remuneration Report (non-binding resolution); to consider Re-Election of Director Mr Sitong Wu; and to consider other matters. New Risk • Sep 15
New major risk - Revenue and earnings growth Earnings have declined by 6.1% 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$1.0m free cash flow). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 6.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Revenue is less than US$1m (AU$3.9k revenue, or US$2.5k). Market cap is less than US$10m (AU$8.27m market cap, or US$5.32m). Minor Risk Significant insider selling over the past 3 months (AU$116k sold). New Risk • Aug 11
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$116k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. 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$1.0m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Revenue is less than US$1m (AU$3.9k revenue, or US$2.6k). Market cap is less than US$10m (AU$6.43m market cap, or US$4.19m). Minor Risk Significant insider selling over the past 3 months (AU$116k sold). Announcement • Jul 11
Zeus Resources Limited Announces Resignation of Colin Robert Mackay as Non-Executive Director Zeus Resources Ltd. announced that Mr. Colin Robert Mackay has resigned as a Non-Executive Director on the Board of Zeus, effective 7 July 2023. Mr. Mackay has served the Company as Director since December 2021. Recent Insider Transactions • May 19
Insider recently bought AU$115k worth of stock On the 11th of May, Niu Chunyan bought around 6m shares on-market at roughly AU$0.018 per share. This transaction amounted to 32% 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$115k more in shares than they have sold in the last 12 months. Board Change • Feb 09
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Executive Director, GM of Geology & Exploration and Company Secretary Jian Liu is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Colin Mackay was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.