Announcement • Oct 10
Nex Metals Explorations Limited, Annual General Meeting, Nov 28, 2025 Nex Metals Explorations Limited, Annual General Meeting, Nov 28, 2025. New Risk • Oct 01
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). Negative equity (-AU$1.4m). Earnings have declined by 1.4% per year over the past 5 years. Revenue is less than US$1m (AU$5.0k revenue, or US$3.3k). Market cap is less than US$10m (AU$7.07m market cap, or US$4.67m). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 Negative equity (-AU$1.7m). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.74m market cap, or US$5.09m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Jul 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% 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 Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-AU$1.7m). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.35m market cap, or US$4.84m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). New Risk • Jul 18
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 18% 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 (18% average weekly change). Negative equity (-AU$1.7m). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.35m market cap, or US$4.12m). Announcement • Jul 09
Nex Metals Explorations Ltd Appoints Gregory Barns SC as Non-Executive Director, Effective 7 July 2025 Nex Metals Explorations Ltd. announced the appointment of Mr. Gregory Barns SC as Non-Executive Director, effective 7 July 2025. Gregs mining experience has been as a non-executive director of a number of companies (previously listed and non-listed) in the mineral exploration sector, including among others, Republic Gold Ltd, Richmond Mining and Australian American Mining Corporation NL. He was, from 2000-02, the inaugural CEO of the former gold industry body, the Australian Gold Council and was, until last year a director of a private agri-business labour hire company. Further details: Greg graduated from Monash University in 1984. Greg has a national legal practice and is based in Hobart and Melbourne. He regularly appears in cases in Western Australia. He is also a member of the Tasmanian, Victorian, Western Australian and New Zealand Bars. Greg was chief of staff and senior adviser to a number of federal and various state MP's and ministers from 1989-99. He was National President of the Australian Lawyers Alliance in 2011-12. Announcement • May 23
Nex Metals Explorations Limited has completed a Follow-on Equity Offering in the amount of AUD 0.2 million. Nex Metals Explorations Limited has completed a Follow-on Equity Offering in the amount of AUD 0.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,666,666
Price\Range: AUD 0.03 New Risk • May 06
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 17% 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 (17% average weekly change). Negative equity (-AU$1.7m). Revenue is less than US$1m. Market cap is less than US$10m (AU$10.5m market cap, or US$6.76m). Announcement • Jan 30
Nex Metals Explorations Limited has completed a Follow-on Equity Offering in the amount of AUD 0.3 million. Nex Metals Explorations 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: 10,000,000
Price\Range: AUD 0.03
Transaction Features: Subsequent Direct Listing New Risk • Sep 29
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 Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-AU$820k). Revenue is less than US$1m. Market cap is less than US$10m (AU$12.8m market cap, or US$8.84m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Announcement • Sep 19
Nex Metals Explorations Limited, Annual General Meeting, Nov 08, 2024 Nex Metals Explorations Limited, Annual General Meeting, Nov 08, 2024. Announcement • Sep 12
Nex Metals Explorations Limited has completed a Follow-on Equity Offering in the amount of AUD 1.529586 million. Nex Metals Explorations Limited has completed a Follow-on Equity Offering in the amount of AUD 1.529586 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,063,914
Price\Range: AUD 0.035
Discount Per Security: AUD 0.0021
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,793,229
Price\Range: AUD 0.037
Discount Per Security: AUD 0.00222
Transaction Features: Subsequent Direct Listing Announcement • Aug 15
Nex Metals Explorations Limited Announces Appointment of Maki Petkovski as Chief Executive Officer The Board of Directors of Nex Metals Explorations Ltd. announced the appointment of Mr. Maki Petkovski as the Chief Executive Officer of the Company, effective as of 15 August 2024. Mr. Petkovski has been brought in (as part of his role) and along with his extensive technical network to further the Kookynie gold tailings project to both optimise and expedite the monetising of the project for shareholders. Mr. Petkovski is a geologist and senior executive in the resource industry with extensive experience across the Australasian and Middle East North African (MENA) regions. Beginning his career in the gold sector with Central Norseman Gold Corporation in Western Australia, he has since developed a strong technical background as both a geologist and a geophysicist. His notable career spans over 30 years in the international upstream oil and gas industry, where he has held various managerial and senior technical roles with companies such as BP, Ampolex Ltd, Oil Search Ltd, and Petsec Energy Limited. Throughout his career, Mr. Petkovski has been part of teams in a number of resource discoveries, leading multi-disciplinary teams, and managing exploration and production assets in regions such as Egypt, Tunisia, Iraqi Kurdistan, Oman, Libya, Tunisia, and Algeria. In Australia, his operational experience includes contributions to projects in the Bonaparte, Browse, and Canning Basins, and the Northwest Shelf. 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$437k 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$437k free cash flow). Shares are highly illiquid. Negative equity (-AU$820k). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.40m market cap, or US$4.90m). Announcement • Oct 13
Nex Metals Explorations Limited, Annual General Meeting, Nov 30, 2023 Nex Metals Explorations Limited, Annual General Meeting, Nov 30, 2023, at 14:00 W. Australia Standard Time. Board Change • Sep 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Hock Chua was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Hock Chua was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Hock Chua was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Hock Chua was the last independent director to join the board, commencing their role in 2010. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 06
Nex Metals Explorations Limited, Annual General Meeting, Nov 30, 2022 Nex Metals Explorations Limited, Annual General Meeting, Nov 30, 2022, at 14:00 W. Australia Standard Time. Board Change • May 10
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. 1 experienced director. 3 highly experienced directors. Independent Director Hock Chua was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 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. 1 experienced director. 3 highly experienced directors. Independent Director Hock Chua was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 18
Nex Metals Explorations Ltd Receives a Letter from Metalicity Ltd On February 17, 2022, Nex Metals Explorations Ltd announced that it has received a letter from Metalicity Ltd, in that letter Metalicity Ltd stated its intention to call and arrange to hold a general meeting of the members of the Company pursuant to section 249F of the Act, in order to move the following ordinary resolutions, 1) Removal of Kenneth Allen as a Director; 2) Removal of Thomas Percy as a Director; 3) Removal of Hock Hoo Chua as a director; 4) Appointment of Alexander James Neuling as a director; 5) Appointment of Justin Charles Barton as a director; 6) Appointment of Kevin David O’sullivan as a director; 7) Removal of director(S) appointed after this notice. Board Change • Nov 30
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. 1 experienced director. 3 highly experienced directors. Independent Director Hock Chua was the last director to join the board, commencing their role in 2010. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 25
Nex Metals Explorations Limited Announces Assays Results for the Mctavish Prospect At the Kookynie Gold Project1 in the Eastern Goldfields, Western Australia Nex Metals Explorations Limited announce assays results for the McTavish Prospect at the Kookynie Gold Project1 in the Eastern Goldfields, Western Australia, approximately 60 kilometres south southwest of Leonora. Kookynie is located 60 kilometres south south-east from Leonora, Western Australia and is host to nine, significant prospects; Champion, McTavish, Leipold, Altona, Mulga Plum, Wandin, Diamantina, Cosmopolitan and Cumberland. Cosmopolitan and Cumberland are known collectively as the DCC Trend. Intercepts were calculated based on a sample returning an assay value of greater than 1 g/t Au over an interval greater than 2 metres, but not including any more than 1 metre of internal material that graded less than 1 g/t Au. Intervals were based on geology and no top cut off was applied. Since the recommencement of drilling at the Kookynie Gold Project for 2021*, the Company has completed a
total of 102 drill holes for a total of 12,538 metres. Announcement • Jan 29
Nex Metals Explorations Limited, Annual General Meeting, Feb 26, 2021 Nex Metals Explorations Limited, Annual General Meeting, Feb 26, 2021, at 14:00 W. Australia Standard Time. Location: Comfort Inn & Suites Goodearth Perth 195 Adelaide Terrace, East Perth Western Australia Australia Agenda: To receive and consider the annual financial report for the financial year ended 30 June 2020, together with the reports by directors and auditors thereon; and to consider the re-election of Director. Reported Earnings • Sep 30
Full year earnings released - AU$0.0009 loss per share Over the last 12 months the company has reported total losses of AU$180.8k, with losses narrowing by 92% from the prior year. 
