New Risk • May 15
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 14% 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 Earnings have declined by 6.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (245% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.25m market cap, or US$5.92m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Apr 13
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 14% 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 Earnings have declined by 6.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (283% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.33m market cap, or US$6.57m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Apr 08
Australian Critical Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.244921 million. Australian Critical Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.244921 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,677,900
Price\Range: AUD 0.075
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,587,717
Price\Range: AUD 0.075
Transaction Features: Subsequent Direct Listing Announcement • Jan 29
Australian Critical Minerals Limited has filed a Follow-on Equity Offering. Australian Critical Minerals Limited has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,678,950
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,321,050
Transaction Features: Subsequent Direct Listing Board Change • Dec 31
Less than half of directors are independent There are 3 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: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Executive Chairman Dean de Largie is the most experienced director on the board, commencing their role in 2023. Independent Non-Executive Director Paul Niardone was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Dec 02
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 14% 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$1.5m free cash flow). Shareholders have been substantially diluted in the past year (145% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.54m market cap, or US$5.59m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Board Change • Nov 01
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. MD & Executive Director Dean de Largie is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 08
Australian Critical Minerals Limited, Annual General Meeting, Nov 27, 2025 Australian Critical Minerals Limited, Annual General Meeting, Nov 27, 2025. New Risk • Sep 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 87% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$1.5m free cash flow). Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.97m market cap, or US$3.28m). Announcement • Aug 14
Australian Critical Minerals Limited, Annual General Meeting, Sep 15, 2025 Australian Critical Minerals Limited, Annual General Meeting, Sep 15, 2025. Location: at level 2, 7 havelock street, west perth wa 6005 Australia New Risk • Jul 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% 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 Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m (AU$103k revenue, or US$67k). Market cap is less than US$10m (AU$3.68m market cap, or US$2.39m). New Risk • Jun 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 Revenue is less than US$1m (AU$103k revenue, or US$67k). Market cap is less than US$10m (AU$3.15m market cap, or US$2.03m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Announcement • Oct 09
Australian Critical Minerals Limited, Annual General Meeting, Nov 27, 2024 Australian Critical Minerals Limited, Annual General Meeting, Nov 27, 2024. New Risk • Oct 01
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 Revenue is less than US$1m. Market cap is less than US$10m (AU$3.48m market cap, or US$2.41m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Board Change • Jun 30
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Gary Brabham is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 28
Australian Critical Minerals Limited Announces Change of Joint Company Secretary Australian Critical Minerals Limited announced the appointment of Mr. Kieran Witt as Joint Company Secretary effective immediately, replacing Ms Sylvie Broadway. Mr. Witt is a Chartered Accountant with experience as a consultant advising ASX listed companies on capital raisings, mergers and acquisitions, statutory accounting requirements and corporate compliance. He is a member of Chartered Accountant Australia and New Zealand and holds a Bachelor of Commerce (Accounting). The Company further advises that Mr. Johnathon Busing remains as Joint Company Secretary of the Company. For the purposes of ASX Listing Rule 12.6, both Mr. Busing and Mr. Witt will be responsible for communications between the Company and ASX. New Risk • Mar 16
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$1.6m 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$1.6m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$3.53m market cap, or US$2.31m). Minor Risk Less than 3 years of financial data is available. Announcement • Oct 28
Australian Critical Minerals Limited, Annual General Meeting, Nov 27, 2023 Australian Critical Minerals Limited, Annual General Meeting, Nov 27, 2023, at 11:00 W. Australia Standard Time. Location: Hall Chadwick 283 Rokeby Road Subiaco Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the Auditor's report; to adopt the Remuneration Report; to consider election of director michael wright; to consider election of director gary brabham; to consider ratification of prior issue of broker options; to consider approval of 7.1a mandate; and to consider other matters. 