New Risk • Oct 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 208% 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 (49% average weekly change). Negative equity (-AU$94k). Shareholders have been substantially diluted in the past year (208% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$15.0m market cap, or US$9.85m). Announcement • Oct 17
Liberty Metals Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.7 million. Liberty Metals Ltd has completed a Follow-on Equity Offering in the amount of AUD 2.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 296,348,783
Price\Range: AUD 0.0007
Discount Per Security: AUD 0.000042
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,560,794,094
Price\Range: AUD 0.0007
Discount Per Security: AUD 0.000042
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 10
Traka Resources Limited, Annual General Meeting, Nov 25, 2025 Traka Resources Limited, Annual General Meeting, Nov 25, 2025. New Risk • Sep 25
New major risk - Negative shareholders equity The company has negative equity. Total equity: -AU$94k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (55% average weekly change). Negative equity (-AU$94k). Revenue is less than US$1m (AU$27k revenue, or US$17k). Market cap is less than US$10m (AU$6.06m market cap, or US$3.97m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Aug 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% 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 Shares are highly illiquid. Earnings have declined by 0.8% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$7.27m market cap, or US$4.74m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Mar 13
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$1.3m 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$1.3m free cash flow). Shares are highly illiquid. Earnings have declined by 0.8% per year over the past 5 years. Revenue is less than US$1m (AU$646 revenue, or US$406). Market cap is less than US$10m (AU$2.13m market cap, or US$1.34m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Board Change • Feb 18
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 Josh Gordon is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 03
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 Josh Gordon is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 21
Traka Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.002634 million. Traka Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.002634 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 150,131,687
Price\Range: AUD 0.02 Announcement • Oct 10
Traka Resources Limited, Annual General Meeting, Nov 28, 2024 Traka Resources Limited, Annual General Meeting, Nov 28, 2024. Announcement • Sep 05
Traka Resources Limited Appoints Jay Stephenson as Director and Joint Company Secretary Traka Resources Limited announced the appointment of Mr. Jay Stephenson as both Director and Joint Company Secretary, effective immediately. Mr. Stephenson brings over 35 years of experience in business development, including approximately 29 years in roles as Director, Chief Financial Officer, and Company Secretary across a range of sectors including resources, manufacturing, information technology, wine, hotels and property. His extensive expertise in business acquisitions, mergers, initial public offerings, capital raisings, business restructuring and financial management will be invaluable to the Company as company continue to advance the strategic objectives. New Risk • Aug 31
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$1.0m 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$1.0m free cash flow). Shares are highly illiquid. Earnings have declined by 4.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (123% increase in shares outstanding). Revenue is less than US$1m (AU$46k revenue, or US$31k). Market cap is less than US$10m (AU$1.95m market cap, or US$1.32m). Reported Earnings • Mar 13
First half 2024 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2023) First half 2024 results: AU$0.001 loss per share (in line with 1H 2023). Net loss: AU$496.7k (loss widened 11% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Board Change • Feb 16
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Joshua Pitt was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 142% 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 Shares are highly illiquid. Negative equity (-AU$57k). Earnings have declined by 7.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (142% increase in shares outstanding). Revenue is less than US$1m (AU$26k revenue, or US$17k). Market cap is less than US$10m (AU$3.50m market cap, or US$2.30m). Announcement • Dec 16
Traka Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.750659 million. Traka Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.750659 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 875,329,277
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00012
Security Features: Attached Options
Transaction Features: Rights Offering Announcement • Sep 28
Traka Resources Limited, Annual General Meeting, Nov 24, 2023 Traka Resources Limited, Annual General Meeting, Nov 24, 2023. Reported Earnings • Sep 23
Full year 2023 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in FY 2022) Full year 2023 results: AU$0.002 loss per share (improved from AU$0.003 loss in FY 2022). Net loss: AU$1.68m (loss narrowed 15% from FY 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 16
First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in 1H 2022) First half 2023 results: AU$0.001 loss per share (improved from AU$0.002 loss in 1H 2022). Net loss: AU$449.7k (loss narrowed 65% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 13
Traka Resources Limited Announces Identification of Additional Ree Targets At Mt Cattlin Traka Resources Limited advised that it has identified additional significant Rare Earth Element (REE) anomalism within its 100%-owned Mt Cattlin Gold-Copper Project in south-west Western Australia. This work program is now being assisted by Dr. Phillip Hellman, an REE expert with international experience in this field. A review of previously collected airborne radiometric data (1) has highlighted an area characterised by enhanced thorium values that are coincident with an area suggestive of near-surface REE depletion. Auger geochemical samples collected for the completed 3D Geochemical Footprint Modelling program are now being used to undertake further assessment of this potential. Residual near-surface thorium anomalies are consistent with depletion of REE into the underlying weathered clay-rich zone by downward leaching. Thorium, being relatively immobile, can therefore be a key indicator of underlying supergene enriched REE mineralisation at the base of the weathered zone. This scenario is especially applicable where the weathered regolith profile is in-situ and not covered by transported overburden. This is the case at Mt Cattlin, where the elevated thorium values occur in gently sloping land immediately west of the Ravensthorpe Fault. This is in contrast with the previously reported TREO anomalies in the centre of the project area, which appear to be structurally controlled (3). The thorium anomaly is an additional target to the TREO targets and significantly increases the scale of REE prospectivity at Mt Cattlin. Further evaluation of the project data in addition to sampling of old drill holes for REE elements is currently underway. The locations previously observed to have fenite alteration, which is characteristic of the presence of REE-bearing carbonatite intrusives, is also being re-investigated. The new thorium anomaly area will be tested alongside the TREO anomalies, with air-core drilling to be conducted to the base of weathering. At this stage, it is not known whether the rare earths in the regolith are readily leachable or locked within resistant phases such as zircon or monazite. Future work will require desorption tests if rare earth elements are found to have accumulated within clay-rich horizons such as found elsewhere in established Ionic Adsorption Deposits (IAD). The underlying bedrock potential for REE elements associated with alkali intrusives and carbonatites can be assessed concurrently via the re-sampling of old drill-holes and the drilling of two deep drill holes planned to test the buried intrusives. These deep holes will be the first to test the core of the multi-phase, strongly hydrothermally intrusive complex that is believed to host all mineralisation at Mt Cattlin. Announcement • Nov 22
Traka Resources Limited Advises Significant Rare Earth Element Anomalism Detected in Auger Geochemical Samples Collected from the 100%-Owned Mt Cattlin Gold-Copper Project in South-West Western Australia Traka Resources Limited advised that significant Rare Earth Element anomalism has been detected in auger geochemical samples collected from the Company's 100%-owned Mt Cattlin Gold-Copper Project in south-west Western Australia. The samples were collected earlier this year to assist with Geochemical Footprint Modelling of the gold and copper potential at Mt Cattlin. Ongoing evaluation of the data, further sampling and additional assay is underway, however the Company believes that the REE mineralisation may be associated with carbonatite intrusives within the multi-phase Mt Cattlin intrusive complex. This view is supported by the previous observation of fenite alteration in drill holes and mapping, with this type of alteration typically found on the margins of carbonatite intrusives. The REE geochemical results, depicted as TREO (Total Rare Earth Oxide), highlight anomalie predominantly in the north-east trend, partly coincident with mineralised structures and the buried gold- copper targets which have been the focus of Traka's previous exploration. All the anomalies occur with the boundaries of the multi-phase and strongly hydrothermally altered intrusive complex. Additional sampling for REE, including air-core drilling of the anomalies, is currently being considered to obtain profile data through the ionic clay potential in the weathered regolith zone. In addition, two deep diamond drill holes are planned to test the bedrock core of the intrusive complex. These deep diamond holes will test the positions of the buried gold-copper intrusives previously highlighted, as well as providing the opportunity to test for REE-rich carbonatite intrusives. An EIS (Exploration Incentive Scheme) co-funding grant of $220,000 is being applied to these drill-holes. The geochemistry data comprised bottom-of-hole auger samples (0.5 to 1.0m deep) with the ultrafine clay fraction (-7µm) assayed for REE (Table 1). The full oxidised regolith profile that would host the supergene enriched REE ionic clay potential, which is typically in the range of 5 to 25 metres deep, is yet to be tested but will be prioritised below the peak near-surface auger base anomalies. Several of these anomalies extend over 2km each and extend beyond the limits of the auger sampling program. The peak TREO anomalism was 617ppm, which is several orders of magnitude above background potential. Board Change • Nov 17
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Joshua Pitt was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 10
Traka Resources Limited Reports MobileMT Survey Results At Mt Cattlin Traka Resources Limited reported final results from the MobileMT (Magneto Tellurics) helicopter-borne geophysical flown in July over the Company's 100%-owned Mt Cattlin Gold-Copper Project in south-west Western Australia. The survey was undertaken to assist in establishing the geological setting of the three previously highlighted buried mineralized intrusives highlighted by geochemical 3D Footprint Modelling. The Number 1 Intrusive Body: The largest and shallowest of the buried 3D Geochemical Footprint Models at Mt Cattlin is the No. 1intrusive, interpreted to be hosted within the volcanic rocks of the Annabelle Volcanics. The intrusive abuts the large, near-vertical Ravensthorpe Fault where it bends in an area of higher conductance within the Chester Formation. A flat-lying tonalite sill, interpreted to be an extension of the large tonalite body outcropping to the south, sandwiches the No 1. Intrusive body between itself and the Ravensthorpe Fault. This geological setting gives credence to the anomalous geochemical samples collected above (3DFootprint Geochemical Sampling) and is both favorable and characteristic of all the known mineralization in the district. A drill hole of about 1,000m depth would penetrate the core of the No. 1 intrusive, although it is expected that shallower holes up-dip would also detect mineralization. The Number 2 Intrusive Body: The No. 2 intrusive body is in a similar geological setting to No.1 in that it abuts the Ravensthorpe Faulton a bend. An intersecting thrust fault occurs to the immediate east. The No. 1 and 2 intrusive bodies join along the trend of the Ravensthorpe Fault at a lower level of confidence in the geochemical model. This extends the zone of interest over a strike length of 1.5km along the north-west trend of the Ravensthorpe Fault, but for purposes of targeting the core positions would be with the focus for initial drilling. The core of the No.2 intrusive can been drilled with an 800m deep hole although, as with the No. 1 Intrusive position, mineralization could be expected to occur up-dip of the core position. The extent of the flat tonalite sill is evident within the 350 Ohm m contour, and this shows that the No. 2Intrusive occurs with the intrusive and volcanic rocks hosting the other known mineralized positions at Mt Cattlin. The Number 3 Intrusive Body: The No. 3 intrusive body is directly below the Sirdar Resource and below the bottom contact of the flat-lying tonalite sill. A late stage mineralized structure, which is the same as that known to host the mineralized position at Ellendale, Grafter and Revival, is interpreted to pass through the tonalite sill. Mineralized hydrothermal fluid flowing through the tonalite could account for the geochemical anomaly as well as the IP (Induced Polarization) anomaly associates with Sirdar. A drill-hole of 1,000m would be required to test the No. 3 mineralize intrusive below the tonalite sill. Geological Perspective: The MobileMT survey has provided a new geological framework for the Mt Cattlin Project. It highlights the ongoing potential to define extensions of mineralization to the known prospects above the tonalite sill in addition to providing a perspective on the buried intrusive. Most of the gold and copper mineralization found historically in the Ravensthorpe district is in cluster positions peripheral to the tonalite intrusive forming the center of the Ravensthorpe Greenstone Belt. The confluence of mineralized structures in project area on the major fold axis of the greenstone belt is a favorable focus for mineralized fluids. The extent of mineralized fluid flow accounts for the high degree of alteration characteristic of the project and the skarn alteration (garnet, magnetite, aegirine) developed on the margins of complex series of intrusive and the underlying tonalite sill. The previous aeromagnetic and IP surveys are noted to correlate to a material extent with the MobileMT survey results and will assist with design of the follow-up drill program now being planned. Announcement • Oct 05
Traka Resources Limited, Annual General Meeting, Nov 25, 2022 Traka Resources Limited, Annual General Meeting, Nov 25, 2022. Reported Earnings • Sep 15
Full year 2022 earnings released: AU$0.003 loss per share (vs AU$0.003 loss in FY 2021) Full year 2022 results: AU$0.003 loss per share (in line with FY 2021). Net loss: AU$1.98m (loss widened 16% from FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Traka Resources Limited Announces Geophysical Survey to Commence at Mt Cattlin Traka Resources Limited advised that a MobileMT (MagnetoTellurics) geophysical survey will be flown this week at the Company's 100%-owned Mt Cattlin Gold-Copper Project in south-west Western Australia. The helicopter-borne survey will cover the entire Mt Cattlin Project area, with specific focus on the three buried mineralised intrusives previously identified by 3D geochemical footprint modelling. The three buried intrusives are centrally located within a 3.5km-wide intrusive complex that hosts all known gold and copper mineralisation at Mt Cattlin. MobileMT is an advanced technology which can measure geo-electrical resistivity contrasts and magnetic field variations to depths of at least 1km, with the aim of highlighting geological structures and boundaries. The MobileMT survey data results are expected within two months. The deep, penetrating MobileMT survey results will then be integrated with near-surface data (gained from previous aeromagnetic, IP (Induced Polarisation) and EM (Electromagnetic) surveys) to assist with the design of a follow-up drill program. Announcement • May 18
Traka Resources Limited Announces Vectoring to Mineralised Core of Mtcattlin Gold Copper Project Traka Resources Limited advised that follow-up geological and geochemical sampling has further enhanced the definition of three recently-identified mineralised intrusive bodies at the Company's 100%-owned Mt Cattlin Gold-Copper Project in south-west Western Australia. The three buried intrusives sit within the centrally located 3.5km-wide intrusive complex at Mt Cattlin which hosts all known gold and copper mineralisation within the project area and may prove to be an important feeder source for the cluster of known near-surface gold and copper targets currently being drilled. The intrusives were modelled using soil geochemical data assayed for elements commonly associated with the alteration halos surrounding large porphyry and/or IRG (Intrusive Related Gold) deposits. The modelling indicates that the centre of each intrusive has a core of several hundred metres' diameter and that they sit between 250m and 800m depth The largest and shallowest of the intrusives is the northern body. The mounting evidence for the presence of a large, multi-phased intrusive complex that accounts for the concentration of mineralisation within the Mt Cattlin Gold-Copper Project has positive implications for the future delineation of economic-scale mineralisation. The numerous near-surface gold-copper prospects already drilled at Mt Cattlin all appear to sit within the highly altered, strongly magnetic skarn zones peripheral to the intrusives, eg Revelation (where mineralisation has remobilised into late-stage structures), Sirdar, Maori Chief, Ellendale and Revival. Rock and soil geochemical sampling is continuing to provide higher resolution and supporting data for the 3D geochemical footprint modelling program underway. Additional geological reconnaissance has also been completed above the northern intrusive body position. Mafic intrusives and porphyry rocks with multi- directional veining have been sampled in this position, providing evidence of the underlying intrusives, but the position is almost entirely within a cleared wheat paddock so much of evidence is likely to be obscured. Upon receipt the outstanding rock geochemical data, a drill program will be designed to test the large northern intrusive target. Announcement • May 10
Traka Resources Limited Announces Company Secretary Changes Traka Resources Limited appointed Ira Gibbs as Company Secretary. This follows the resignation of Peter Ruttledge who acted as Company Secretary of the Company since 2007. Peter has informed the Company that his decision to resign was for personal reasons. Board Change • Apr 27
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Joshua Pitt was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 07
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.002 loss per share (down from AU$0.001 loss in 1H 2021). Net loss: AU$1.29m (loss widened 124% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Feb 26
Traka Resources Limited Receives Encouraging Assay Results from Drilling Completed in December 2021 on Its 100%-Owned Mt Cattlin Gold-Copper Project Traka Resources Limited Announced that it has received further encouraging assay results from drilling completed in December 2021 on its 100%-owned Mt Cattlin Gold-Copper Project, located immediately adjacent to the Mt Cattlin lithium mine in the Ravensthorpe Greenstone Belt in the south-west of Western Australia. The results continue to highlight the excellent potential of the Mt Cattlin Project to host significant mineralisation across multiple targets, providing a strong foundation for ongoing exploration in 2022. The Revival Prospect: Four RC drill-holes were completed at Revival to test under old prospector-scale workings. The workings are at the north-eastern end of a mineralised structure extending over 1km through the Ellendale and Plantagenet Prospects. Drilling tested the central portion of a 400m-long coincident aeromagnetic and gold-in-soil auger geochemical anomaly and coincident surface copper pXRF soil geochemical anomaly. The geochemical anomalism extends north-west for another 500m over the nearby Parramatta and Aragon Prospects. The drilling delivered a peak intersection as summarized: 4m @ 5.53g/t Au including 1m @ 18.90 g/t Au, 1m @ 5.91g/t Ag and 0.98% Cu, and 1m @ 14g/t Ag and 2.33% Cu from 76m down hole. The holes intersected gold, copper and silver mineralisation in a zone at least 50m wide within mafic intrusive and porphyry rocks. This is similar to that found at Plantagenet and Ellendale and continues to demonstrate the extensive level of mineralisation within the intrusive complex at Mt Cattlin. Historical drill-holes RR0041 to RR0046 plus RR0045, RR0046, RR0076 and RR0077 were drilled into the 400m-long zone but were all stopped at 30m down-hole depth, at or just below the base of oxidation. Low-level gold was intersected in a number of these holes but there were no assays for copper or other elements. Traka's subsequent deeper drilling at Revival and at the other targets such as Ellendale continues to demonstrate the potential for deeper mineralisation not adequately tested by historical drilling. The Maori Prince and Maori Chief Prospects: Additional RC drill-holes were completed at the Maori Prince and Maori Chief prospects to further test to extensions of mineralisation intersected by nearby drill-holes. The Maori Prince and Maor Chief prospects are located along strike from the Maori Queen Mine, which hosts a Mineral Resource o 31,908 tonnes @ 6.19g/t Au. Numerous narrow lines of gold lode have been intersected, but the drilling density remains too wide to establish continuity of any single lode: 1m @ 2.37g/t Au, 0.05g/t Ag and 0.03% Cu from 30m down hole; 2m @ 1.50g/t Au, 0.20g/t Ag and 0.06% Cu from 152m down hole; 1m @ 7.14g/t Au, 0.19g/t Ag and 0.01% Cu from 100m down hole; 1m @ 5.34g/t Au, 0.19g/t Ag and 0.0% Cu from 47m down hole; 4m @ 1.03g/t Au including 1m @ 2.41g/t Au, 1.3g/t Ag and 0.13% Cu from 25m down hol; and 3m @ 1.11g/t Au including 1m @ 2.12g/t Au, 0.60g/t Ag and 0.06% Cu from 35m dow hole. The 1km trend extending north-east from Lone Hand, past the Maori Prince, Maori Chief and Maori Quee positions, remains an important part of the Mt Cattlin Gold-Copper Project, adding to the excellent result being received from the other prospect positions such as Ellendale, Revival and Plantagenet. The Revelation Prospect: One additional drill-hole into a previously defined 400m-long mineralised intrusive returned a peak intersection of 1m @ 0.6g/t Au, 5.32g/t Ag and 0.60% Cu from 178m down-hole. The hole confirms that mineralisation extends into the main body of the intrusive and to the north-east of previous intersections associated with networked stringer sulphides and down-hole electromagnetic anomalies. The large body of mineralisation associated with the coincident aeromagnetic and geochemical body is considered to be one of many intrusive bodies that form a large intrusive complex hosting mineralization at Mt Cattlin. Announcement • Feb 15
Traka Resources Limited announced that it expects to receive AUD 0.8 million in funding Traka Resources Limited announced a private placement of 66,666,667 shares at a price of AUD 0.012 per share for gross proceeds of AUD 800,000 on February 13, 2022. The transaction is expected to close on February 17, 2022. Announcement • Jan 12
Traka Resources Limited Reports Gold-Copper Results from Drilling Completed At Plantagenet and Grafter Prospects on Its 100%-Owned Mt Cattlin Gold-Copper Project Traka Resources Limited reported gold-copper results from the latest batch of assays received from drilling completed at the plantagenet and grafter prospects on its 100%-owned Mt Cattlin Gold-Copper Project, located immediately adjacent to the Mt Cattlin lithium mine in the Ravensthorpe Greenstone Belt in the south-west of Western Australia. The results continue to highlight the excellent potential of the Mt Cattlin Gold-Copper project to host significant mineralization across multiple areas, providing strong foundation for ongoing exploration in 2022. Five RC (reverse circulation) drill-holes were completed at plantagenet to test under the historic mine workings. The mine workings are shallow (< 5 metres) and have most likely exploited supergene enriched gold mineralization in the soft weathered rock. A coincident aeromagnetic plus soil geochemical anomaly overlies plantagenet and these anomalies extend in a north-easterly trend over a distance of approximately 1 kilometre through the Ellendale and revival prospects. The high-grade gold intersected at Plantagenet occurs as discrete zones within wide, strongly anomalous copper mineralization hosted in porphyritic intrusives rocks and basalt. The mineralization intersected at depth is wider and more extensive than indicated from surface workings and therefore resembles the results previously returned from drilling at Ellendale. 2m @ 5.40g/t Au, 0.86g/t Ag and 0.05% Cu from 23m down-hole, including 1m @ 10.50g/t Au, 1.28g/t Ag and 0.07% Cu (RAGC083) 3m @ 6.73g/t Au, 0.51g/t Ag and 0.04 Cu from 38m down-hole, including 1m @ 11.5g/t Au, 1.28g/t Ag and 0.10% Cu (RAGC083) 3m @ 4.14g/t Au, 0.26g/t Ag and 0.03% Cu from 42m down-hole (RAGC083) 4m @ 15.07g/t Au, 1.28g/t Ag and 0.10% Cu from 61m down-hole, including 1m @ 57.40g/t Au, 0.41g/t Ag and 0.02% Cu (RAGC084) 4m @ 18.52g/t Au, 1.4g/t Ag and 0.05% Cu from 14m down-hole, including 2m @ 34.35g/t Au, 1.95g/t Ag and 0.03% Cu (RAGC086). Five RC drill holes were completed on the grafter prospect. This drilling was the first ever undertaken near the surface workings and coincident soil geochemical and aeromagnetic anomaly extending in north-east direction. A wide zone of strongly anomalous copper mineralization which includes discrete gold lodes characterizes the mineralization . The peak intersections are 1m @ 2.94 g/t Au, 0.44g/t Ag and 0.01% Cu from 59m down-hole (RAGC077), 1m @ 4.34g/t Au, 0.07g/t Ag and 0.01% Cu from 19m down-hole (RAGC079), 1m @ 2.01g/t Au, 0.17g/t Ag and 0.03% Cu from 74m down-hole (RAGC081). The grafter prospect aligns in a south-western orientation with a gold-soil geochemical anomaly which extends for about 500m to the old Bullrush Mine workings. This mineralized trend and continuation of the mineralization to the north-east past drill-hole RAGC079 will form the basis of the next phase of drilling at grafter. Board Change • Dec 06
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. No experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Joshua Pitt was the last director to join the board, commencing their role in 2003. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 15
Full year 2021 earnings released: AU$0.003 loss per share (vs AU$0.002 loss in FY 2020) Full year 2021 results: Net loss: AU$1.71m (loss widened 98% from FY 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jul 10
Independent Non-Executive Chairman recently bought AU$128k worth of stock On the 6th of July, Joshua Pitt bought around 8m shares on-market at roughly AU$0.016 per share. This was the largest purchase by an insider in the last 3 months. Joshua has been a buyer over the last 12 months, purchasing a net total of AU$183k worth in shares. Announcement • Jul 07
Traka Resources Limited announced that it expects to receive AUD 1.78 million in funding Traka Resources Ltd announced a private placement of common shares for gross proceeds of AUD 1,780,000 on July 6, 2021. The Company has received firm commitments from 180 Markets and other sophisticated investors. The transaction is expected to close on July 9, 2021.
On the same day, the company has issued 71,428,571 shares at AUD 0.014 per share for gross proceeds of AUD 999,999.994 in its first tranche. Announcement • Jun 22
Traka Resources Limited Announces Maiden High-Grade Gold Resource at Mt Catlin Traka Resources Limited reported maiden Mineral Resource estimates for the advanced Maori Queen and Sirdar deposits at its flagship Mt Cattlin Gold Project, located immediately adjacent to Galaxy Resources' Mt Cattlin lithium mine in the Ravensthorpe Greenstone Belt of south-west Western Australia. The Mineral Resource estimates for the Maori Queen and Sirdar deposits were completed following recent drill program(1). With minor additional drilling added to existing drill data, this has enabled reporting of these Mineral Resource estimates under the guidelines of the JORC (2012) Code. Both Maori Queen and Sirdar have Exploration Targets associated with them, providing scope for parallel, down-plunge and/or strike extensions. They are also considered to be just two positions of many targets yet to be followed-up within a large porphyry intrusive complex centrally located within Traka's
tenements. At Maori Queen, in the immediate footwall and hanging-wall positions to the Main Lode considered in the Mineral Resource estimate, there are additional lower grade mineralised structures which the Companyhas defined as an Exploration Target of 130,000 to 150,000 tonnes at a grade range of between a 2.0 to 3.0g/t Au down to 120m vertical depth. A further Exploration Target of 25,000 to 35,000 tonnes at a grade range of between 5.5 to 6.5g/t Au has been defined in the next 100m down-dip extension to the Main Lode. At Sirdar, the Company has identified extensions of mineralisation, below a shallow east-dipping pegmatite, which it has defined as representing an Exploration Target of 120,000 to 160,000 tonnes at a grade range of between a 2.5 to 3.5g/t Au down-plunge over 100m vertical depth of the Mineral Resource position. Announcement • Jun 01
Traka Resources Limited Announces Revelation Prospect Drill Hole Results Traka Resources Limited announced that Laboratory assay results for drilling completed at the Revelation Prospect have confirmed the presence of gold and copper mineralisation predominantly within a strongly altered 30-metre-wide zone of sulphidic rock between 150 and 190 metres downhole depths (1) (Figure 1 Table 1). The sulphides, including chalcopyrite (copper sulphide), pyrite and pyrrhotite, occur as several narrow stringers up to 15% and variably disseminated amounts down to 1% on the boundary and within dolerite and porphyritic rock. Compilation and interpretation of the geology is still underway, but the encouragement received will lead to ongoing evaluation as the mineralised zone is open along strike and at depth. Project scale geological mapping and drilling indicates that the Revelation Prospect and all other targets on the Mt Cattlin Gold Project are linked to a large centrally located intrusive complex surrounded by a wide zone of hydrothermal alteration. Announcement • Mar 15
Traka Resources Limited Announces Newly Received Assay Results for Drilling Completed at the Old Sirdar Mine Continue to Return Gold Intersections and Geological Detail to This Richly Mineralised Location Traka Resources Limited announced newly received assay results for drilling completed at the old Sirdar Mine continue to return gold intersections and geological detail to this richly mineralised location. High silver (Ag) and copper (Cu) values are now also noted to characterize portions of the Sirdar mineralised body. A peak assay result in drillhole RAGC047 of 1 metre @ 35.8g/t Ag and 2.53% Cu is an example. The association of silver and copper with gold mineralisation at the Mt Cattlin Gold Project is known, but these high levels at Sirdar have not previously been intersected. The drill program at Sirdar is complete and the drill program has moved to other targets. The results currently at hand still only represent half those submitted for analysis. The current program data will become available over the next few weeks and when combined with the information from 71 historic drill holes are expected to enable calculation of a JORC compliant Mineral Resource. The mineralisation at Sirdar is hosted within sulphidic, stockwork quartz veined intrusive drilled over 200 metres strike length. The sulphides, predominantly pyrite and chalcopyrite, account for an IP (Induced Polarisation) geophysical anomaly. Mineralisation comes to surface at Sirdar, but the anomaly extends for more than 300 metres in a northerly direction below surface. Follow-up drilling on this extension is part of anticipated future exploration activity. Drilling of the old Maori Queen Mine is now also complete. A JORC resource calculation for the Maori Queen main shoot is expected to be possible once the drill data from the Traka's 11 new drillholes is added to that of 6 historic holes. In contrast to Sirdar the Maori Queen mineralisation is a shear hosted in narrow high-grade steeply dipping shoot. One main shoot, 100m long, is currently targeted, but mineralisation intersected in the hanging wall indicates opportunities for repeats. There is a coincident resistivity geophysical and soil geochemical anomaly associated with Maori Queen that extends for 1 kilometre towards the Lone Hand Prospect. The resistivity anomaly at Maori Queen is a result of the intense silica alteration associated with the gold shoot. Three similar peaks of resistivity along the shear are part of the drill program currently underway. Once complete the drill rig will be moved to test some of the other intrusive rock targets highlighted by a previous high resolution aeromagnetic survey. There are approximately 2 weeks of drilling left to do on the Mt Cattlin Project in the current program. Breakdowns, weather conditions and difficult drilling conditions have resulted in slow progress, but the original objectives will be met. Soil geochemical sampling, geological mapping and resource modelling of the Sirdar and Maori Queen positions have progressed while drilling has been underway. Reported Earnings • Feb 18
First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020) First half 2021 results: Net loss: AU$577.8k (loss narrowed 2.5% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Feb 14
Traka Resources Limited Announces First Batch of Assay Results for the Drill Program, Underway at the MT Cattlin Gold Project Traka Resources Limited announced the first batch of assay results for the drill program, underway at the Mt Cattlin Gold Project is demonstrating the presence of open-ended high-grade gold mineralisation at the old Maori Queen and Sirdar Mines. At Maori Queen drillhole RAGC33A intersected 1m @ 28.2 g/t Au at 20 metres vertical depth. This intersection is characteristic of the Maori Queen main lode. Drillholes RAGC031, RAGC037 intersected lower grade intersections in the hanging- wall position to the main lode, but unexpectedly ran into old mine stopes where the main lode intersection was expected. The position of historic underground workings is not accurately recorded, but they indirectly confirm that high-grade mineralisation was mined over about 100 metres strike length. Further drilling to test the main and new hanging-wall lodes away from the old mine workings is now scheduled. Announcement • Jan 08
Traka Resources Limited Announces Mt Cattlin Gold Project Update Traka Resources Limited announced a drilling program (1) recommenced on 2 January, having stopped for the Christmas Break on the 24 December 2020. The targets being tested are some of the old mine sites as well as new geophysical targets highlighted by IP (Induced Polarisation) and aeromagnetic surveys completed in October 2020 (2). Concurrent with drilling, a program of soil geochemical sampling and geological mapping has also been initiated. The application of latest generation multi-element pXRF (Portable X-Ray Fluorescence) to systematic detailed soil sampling surveys is highlighting extensions to old soil geochemical anomalies as well as providing underlying bedrock information. The local indicator elements to gold mineralisation - copper, nickel, arsenic and cobalt - which were often not assayed for in the historic programs, are being used. Geological mapping incorporating the newly acquired IP, aeromagnetic, drilling and pXRF data will establish the geological setting and scope for the numerous gold mineralised positions on this project. The association of gold mineralisation with large north-east trending structures like those found at the Maori Queen Mine is already understood, but the association of gold mineralisation with intrusive rocks is not. A newly observed coincidence of elevated pXRF nickel values with one of the interpreted intrusives is one example of the new information being processed. Announcement • Dec 31
Traka Resources Limited, Annual General Meeting, Feb 24, 2021 Traka Resources Limited, Annual General Meeting, Feb 24, 2021. Agenda: To consider director changes. Recent Insider Transactions • Dec 21
Non-Executive Chairman recently bought AU$55k worth of stock On the 18th of December, Joshua Pitt bought around 3m shares on-market at roughly AU$0.022 per share. This was the largest purchase by an insider in the last 3 months. This was Joshua's only on-market trade for the last 12 months. Announcement • Oct 13
Traka Resources Limited Announces Geophysical Targets on the Mt Cattlin Gold Project Traka Resources Limited announced recently completed high-resolution aeromagnetics and Induced Polarisation surveys have highlighted targets below known surveys have highlighted targets below known gold prospects as well as in new positions. Their presence indicates the potential to significantly upscale the project in an area already endowed with a history of gold prospectivity. The results are very encouraging and continue to lead to a drilling program scheduled to commence in November. Permitting requirements and tenders for drilling are in progress. The aeromagnetic survey covered the whole project area and the IP survey about 20%. Additional IP will be considered once the numerous existing targets have been drilled and assessed. IP anomalies are recognised as either electrically Resistive or Chargeable bodies in the bedrock. At Mt Cattlin Resistive anomalies are thought to indicate silica alteration, a common association with gold mineralisation. Chargeable anomalies are most likely to indicate the presence of sulphides. There is a known copper and iron sulphide association with gold on this project. Along an 800 meter north-easterly trend, extending from the Lone Hand to Maori Queen Mines, there are 4 Resistivity anomalies. There is a coincident soil geochemical anomalism along this trend too. At the northern-end the Maori Queen Mine is associated with a steeply dipping 100 meter long resistive body to greater than 200 meters depth and the power limits of the IP survey. Another similar steep dipping feature correlates with the Maori Chief Mine, but one other is new. An aeromagnetic anomaly, possibly an intrusive at depth, lies between the Lone Hand and Maori Queen. It is not known how the aeromagnetic anomaly at depth relates to the Resistivity anomalies above it but the coincidence could prove to be significant. The intrusives are sources of heat and pressure and There are several large Chargeability anomalies. At the Sirdar Mine, where it have the benefit of old mining and drilling records to about 70 meters depth, an associated anomaly extends several hundred meters to depth in a north-easterly direction. A large fault on the eastern side of Sirdar appears to terminate the mineralization in this direction. Large strong Chargeability anomalies have been detected near the old Ellendale, Lone Hand, Plantagenet, Revival and Parramatta Mines. There is historic drilling on the periphery of some of these targets, but where present these are shallow and inadequate tests of the anomalies. Other large new targets have also been highlighted north of Maori Queen. These anomalies have easterly trends and are thought to be associated with large shears or intrusives. The historic soil geochemical sampling surveys over these areas have missed these targets or are poorly orientated to detect them and consequently new surveys are planned. In addition to highlighting the new IP anomalies the aeromagnetic survey highlights a number of intrusives. One previously mentioned underlies the Maori Chief Mine, while the others occur in an easterly trend through the centre of the project area. As with the new Chargeability anomalies the significance of these, their surface geochemical signature if any and the relationship with the IP anomalies is now being investigated. 