Announcement • Apr 13
NT Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.968722 million. NT Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.968722 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 484,361,166
Price\Range: AUD 0.002
Transaction Features: Rights Offering Announcement • Oct 09
NT Minerals Limited, Annual General Meeting, Nov 27, 2025 NT Minerals Limited, Annual General Meeting, Nov 27, 2025. New Risk • Sep 30
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 Less than 1 year of cash runway based on free cash flow trend (-AU$1.2m free cash flow). Share price has been highly volatile over the past 3 months (53% average weekly change). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$2.42m market cap, or US$1.60m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Shareholders have been diluted in the past year (19% increase in shares outstanding). Board Change • Jul 03
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). Non-Executive Director Roy Jansan is the most experienced director on the board, commencing their role in 2023. 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 • Apr 16
NT Minerals Limited Announces Resignation of Hugh Thomas as Non-Executive Director, Effective April 16, 2025 NT Minerals Limited advised that Mr. Hugh Thomas, Non-Executive Director, has resigned from the Board of NT Minerals effective immediately. 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: 41% 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$1.8m free cash flow). Share price has been highly volatile over the past 3 months (49% average weekly change). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.84m market cap, or US$3.02m). Announcement • Sep 27
NT Minerals Limited, Annual General Meeting, Nov 15, 2024 NT Minerals Limited, Annual General Meeting, Nov 15, 2024. Board Change • Jul 18
No independent directors There are 4 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: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Hugh Thomas is the most experienced director on the board, commencing their role in 2022. 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 • Dec 07
NT Minerals Limited Appoints Mr. Rodney as Managing Director NT Minerals Limited announced Mr. Rodney Illingworth, has been appointed Managing Director. Mr. Illingworth has more than 35 years' experience in the development, production and marketing of complex and remote mining projects in Western Australia, Northern Territory, Queensland and South Australia. More recently, Mr. Illingworth led the development of a world's first in iron ore mining, at the Frances Creek Mine, NT, where waste material is being sorted via a re-programmed plastic sorting system to produce 62% iron ore which is being exported through the Darwin Port. Significant obstacles were overcome during COVID lock-downs to bring this project to market. Mr. Illingworth has been involved in a number of successful capital raisings and has become highly proficient in governmental approvals process expertise. He has also owned and operated several green field projects in conjunction with Indigenous Landowners. Mr. Illingworth has raised in excess of $300m for various projects in the form of Equity and Debt and has brought three mines into commercial production. Mr. Illingworth has been engaged on the following terms: Remuneration $1.00 per annum, Options: 100m $0.02 options expiring 30 June 2025; and 100m $0.04 options expiring 31 December 2027, issued upon exercise of the 30 June 2025 options. Other Costs: Other than overseas travel, which is not anticipated at this stage, all costs incurred will be at the expense of Mr. Illingworth. Announcement • Oct 13
NT Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.313044 million. NT Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.313044 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,782,677
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Transaction Features: Subsequent Direct Listing Announcement • Oct 12
NT Minerals Limited, Annual General Meeting, Nov 30, 2023 NT Minerals Limited, Annual General Meeting, Nov 30, 2023. Announcement • Sep 08
NT Minerals Limited (ASX:NTM) signed a binding agreement to acquire Wollogorang Project from Resolution Minerals Ltd (ASX:RML) for AUD 0.25 million. NT Minerals Limited (ASX:NTM) signed a binding agreement to acquire Wollogorang Project from Resolution Minerals Ltd (ASX:RML) for AUD 0.25 million on September 6, 2023. Under the terms of agreement, NT Minerals Limited will pay the consideration of AUD 250,000 comprising AUD 50,000 cash and AUD 200,000 in shares. The transaction is expected to close within a month. Board Change • Apr 24
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). Director Hugh Thomas is the most experienced director on the board, commencing their role in 2022. 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 • Nov 12
NT Minerals Limited Announces Retirement of Bruce Hoope as Non-Executive Director NT Minerals Limited announces that Mr. Bruce Hooper has advised the Company of his retirement from the Board of the Company, choosing not to stand for re-election at the Annual General Meeting (AGM) to be held on 16 November 2022. Announcement • Oct 20
NT Minerals Limited Announces Final Assay Results Receive from 2022 Field Season Drilling At the Redbank Copper Project NT Minerals Limited announced that final assay results have been received from 2022 field season drilling at the company's Redbank Copper Project, located in the south-eastern McArthur Basin, Northern Territory. Assay results have been received from 22 Reverse Circulation (RC) holes completed for 5008m across 3 separate targets comprising; Calvert South: 10 holes for 2010m over multielement soil anomalism at Calvert South; VTEM Anomaly: 11 holes were completed for 2782m over discrete conductive/chargeable targets of the regional VTEM anomaly identified in late 20211; Prince: 1 hole for 216m at Prince over a chargeable anomaly with no associated conductivity. Calvert South Drilling: First-pass reconnaissance drilling in 2022 has validated soil geochemistry, successfully identifying anomalous horizons of low-level copper mineralization up to 0.93% Cu (22CT03) that needs further systematic investigation to understand extent and emplacement. Encouraging visual copper mineralization has been identified in carbonate and dolomitic chip samples during the drilling campaign that have been validated with geochemical analyses. Near-surface anomalism is present in numerous holes including 5m at 0.32% Cu from 7-12m (22CT03), 19m at 0.16% Cu from 0 -19m (22CT04) and 5m at 0.12% Cu from 14-19m (22CT09). In focused drilling conducted at Calvert South in 2022, there is evidence of thin, anomalous stratiform copper mineralization dipping gently east over at least 1.2km. Intervals include 1m 0.33% Cu from 107m (22CT03), 3m at 0.38% Cu from 116-119m (22CT05) and 7m at 0.26% Cu from 131-138m (22CT010) remaining open to the east. Further work will be conducted to better understand prospect stratigraphy, while seeking a mineralizing fluid pathway to explain copper mineralization in permissive and reductant horizons. A significant ~5 x 5km regional conductor target located approximately 7.5km ENE of Redbank was identified from a VTEM-max survey, that was subsequently strengthened by ground IP surveying in late 2021. It has been interpreted that copper-bearing fluids have hydraulically migrated from the linear Redbank structural corridor to precipitate in receptive reductant horizons like the shales of the Wollogorang Formation. Historically this large conductivity target has only been tested on its margin by a single deep diamond hole by Gulf Mines in 2008. This work had visually recognized minor occurrences of copper-bearing sulphides, chalcopyrite and bornite. First pass reconnaissance drilling completed in 2022 over this large regional target has identified independently anomalous, single-metre intervals up to 0.35% Cu (22VT04) and 1.17% Zn (22VT10). Weak copper anomalism is consistently observed near the upper Settlement Creek Dolerite contact. The Settlement Creek Dolerite is known to be a flat-lying intrusive sill capable of providing a potential fluid pathway for metal brines to gain access to the receptive carbonate horizons of the Wollogorang Formation. Zinc anomalism is present in the Lower Wollogorang Formation shale horizons. Drilling of chargeability and conductivity anomalies has identified both anomalous geological contacts of the Settlement Creek Dolerite and carbonaceous shales of the Wollogorang Formation. Although anomalous copper values are evident, initial drilling over this regional target has not located evidence for a large-scale structural fluid conduit for mineralizing brines. Early-stage drilling has downgraded this target as being a large mineralizing system. The hypothesis for copper mineralization remains valid, and attention will include locations testing the McDermott Formation, considered to be the first reductant, located lower in the prospective Tawallah Group stratigraphy. Prince Drilling: A single hole (22VT12) was drilled approximately 500m southwest of the historic Prince Resource adjacent to the historic Redbank Mining Centre. The VTEM-max survey completed in 2021 identified an anomaly, confirmed with ground IP to be a shallow chargeability anomaly with no corresponding conductivity. Drilling confirmed this to be a narrow sulphidic zone with visible pyrite containing weakly anomalous copper up to 0.27% Cu from 35-36m (22VT12) in the Gold Creek Volcanics. This reconnaissance drillhole is the only test of the target for nearly 400m. Announcement • Oct 14
NT Minerals Limited Advises Soil Sampling to Define Priority Targets NT Minerals Limited advised that regional 500m-spaced soil sampling and limited infill sampling remain ongoing at Redbank Project over the final six to eight weeks of the season. Anomalous multielement regional soil sampling was completed in 2021 at Wollogorang South over prospective, lower stratigraphic units of the Tawallah Group above the basal unit of the Westmoreland Conglomerate. Further Infill and extension soil sampling will cover more of the McDermott Formation, considered to be the first reductant horizon above the Westmoreland Conglomerate but still stratigraphically beneath the Redbank breccia pipes. At Copperado in the north, historical stream and soil sampling successfully identified copper mineralization in 2008/2009. Extension of existing regional 500m-spaced soil sampling is underway to investigate anomalous stream catchments, prospective Tawallah Group stratigraphy, and potential regional mineralizing pathways. Historically the Redbank district has undergone detailed surface sampling. Before 2020 however, there has been very little multi-element analysis of surface sampling at Redbank. Modern analytical techniques and software has advanced significantly in recent years to enable complete digests, lower detection limits and data processing to identify more sophisticated geochemical footprints of mineralizing systems. Since 2020 the company has been cumulatively building a new regional multielement foundation dataset analyzing 48 elements of the periodic table. This evolving dataset is providing a new layer of baseline geochemical prospectivity and together with surface geological observations, defining the company's exploration plan for 2023 and beyond. Announcement • Sep 28
NT Minerals Limited, Annual General Meeting, Nov 16, 2022 NT Minerals Limited, Annual General Meeting, Nov 16, 2022. Announcement • Sep 10
NT Minerals Limited Announces Drilling Update on Calvert South Prospect NT Minerals Limited announced that successful maiden drilling programme has been completed at Calvert South within the Company's Redbank Copper Project in the McArthur Basin, Northern Territory. Ten first-pass percussion drillholes have been completed for a total of 2,095m at Calvert South. Drillholes have tested priority targets within a broad 30km multielement anomalous footprint identified with soil sampling at Calvert South in 2021. Drill and soil samples have been dispatched to Intertek in Townsville for multielement analysis. The Company anticipates first results to be available in October, subject to laboratory turn around. Drilling has targeted the Wollogorang Formation, interpreted as a fertile and permissive sediment horizon for copper deposits. This sediment horizon is sandwiched between the upper Gold Creek Volcanics and the lower Settlement Creek dolerite which all gently dip at ~15o to the NNW. Visual copper and zinc mineralization was identified within the rock chip samples during the drilling campaign and field work activities. The Redbank Project is located in the southeast McArthur Basin and extends from the Northern Territory/Queensland border north-west to Glencore's McArthur Mine. In July 2020, NT Minerals secured a district scale tenement holding, pegging open ground following ground-breaking work by Geoscience Australia. This work highlighted the prospectivity for Tier 1 base metal deposits between the world-class deposits of McArthur River and Century. NT Minerals Limited though its 100% subsidiary Redbank Operations Pty Ltd. holds the tenements with a 100% interest. Announcement • Aug 15
NT Minerals Limited Announces VTEM Drilling Complete. Rig Moves to Calvert South Prospect NT Minerals Limited announced that First round of drilling has been completed on a regional 5km wide airborne electromagnetic VTEM target that contains multiple drill targets. This cluster of proximal conductor and chargeable targets is located north-east of the Bluff Copper Deposit. Sediment-hosted copper and zinc mineralisation is evident. Samples are being examined and despatched to Townsville for geochemical analysis Collectively this VTEM target had only one hole historically drilled on its margin Ground-based geophysics (IP) and regional soil sampling is underway to respectively strengthen drill targets and contribute to the definition of new targets through surface geochemistry The Mt Isa-McArthur River region of Northern Australia is one of the world's premier provinces for sediment hosted base metal deposits. NT Minerals controls a 100% interest in mineral exploration licences over a ~13,000km region of the eastern McArthur Basin in the Northern Territory and Maiden drilling program at Calvert South commenced this week to test high priority geochemical and geological targets. Announcement • Jul 28
NT Minerals Limited Announces Resignation of Dale Henderson as Non-Executive Director NT Minerals Limited advised that Non-Executive Director, Mr. Dale Henderson has resigned from the Company's Board, effective immediately following his recent appointment as Chief Executive Officer of Pilbara Minerals and his assumption of the role of Managing Director of Pilbara Minerals as from 30 July 2022. Mr. Henderson joined the Board of NTM as Non-Executive Director in September 2021 and brought a wealth of operational and financial experience to the Board of NT Minerals. Announcement • Jul 09
NT Minerals Limited Announces Rc Drilling Underway At Large-Scale Vtem Target NT Minerals Limited advised that drilling has commenced at the Company's Redbank Copper Project in the McArthur Basin, Northern Territory. A total of 5000m of percussion drilling (RC) will be completed initially targeting selected discrete, late- time conductor targets that have been upgraded with ground-based IP surveying in 2021. Target depths vary between 200- 350m. The drilling program will include investigation of significant copper/bismuth/antimony/manganese soil anomalism at Calvert over a 40km corridor. The Redbank Project is located in the southeast McArthur Basin and extends from the Northern Territory/Queensland border north-west to Glencore's McArthur Mine. In July 2020, NT Minerals secured a district scale tenement holding, pegging open ground following ground-breaking work by Geoscience Australia. This work highlighted the prospectivity for Tier 1 base metal deposits between the world-class deposits of McArthur River and Century. NT Minerals Limited though its 100% subsidiary Redbank Operations Pty Ltd. holds the tenements with a 100% interest. Announcement • Jun 21
NT Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.1 million. NT Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,857,142
Price\Range: AUD 0.035
Discount Per Security: AUD 0.00175 Board Change • Apr 27
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 Bruce Hooper is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 28
Redbank Copper Limited Reports to Undertake the First Phase of Its 2022 Drilling Program At the Copper Project in Mcarthur Basin, Northern Territory Redbank Copper Limited reported that it has secured a Reverse Circulation rig to undertake the first phase of its 2022 drilling program at the Company's Redbank Copper Project in the McArthur Basin, Northern Territory. An RC rig, which is more than capable of testing the lower Wollogorang Formation has been secured. The Wollogorang Formation has been identified as the prospective sulphidic and carbonaceous shale horizon, the interpreted target host to stratiform copper deposits. The Redbank Camp has also been upgraded considerably with improvements to access and accommodation including to the airstrip which can now be accessed by the Royal Flying Doctor. The program will test several key target areas identified by Redbank in the 2021 field season, all of which exhibit key features of sediment hosted copper deposits. The 40km hydrothermal base metal signature identified and previously reported over the Calvert South prospect has been refined to highlight 10 more discrete targets for follow-up assessment. These targets are either close to the Calvert Fault or associated with NNE faults perpendicular to the Calvert Fault. The soil anomalies are defined by a combination of copper, antimony, bismuth, manganese and lead anomalism. The large multi-element soil anomaly at Calvert South has been dissected into 10 smaller targets for testing. Simplistically, the copper contained in the breccia pipes is the result of copper bearing fluids accessing the open space created by the brecciated rock. The copper bearing fluid is forced under pressure into the open spaces within the breccia pipes. The work the Company has now performed provides increasing confidence the source of the copper in the pipes is copper mineralisation from an aquifer within Tawallah Group rocks and potentially in the Wollogorang Formation as fluid is channelled along the Wollogorang Formation between upper Gold Creek Volcanic and lower Settlement Creek Dolerite volcanic rocks. Wollogorang `Emile Rod' soil anomaly Copper mineralisation exposed at the basal contact of the Wollogorang Formation with the underlying Settlement Creek Dolerite was first identified by Emile Rod in 1976. Emile Rod was employed to complete geological mapping of an area surrounding the known copper bearing breccia pipes by AMAX who pegged ground surrounding the Redbank breccia hosted copper deposits. Triako also actively evaluating the area following Newmont's withdrawal from the Redbank Project. Between AMAX and Triako, the Wollogorang sediment horizon formational copper anomalies were clearly identified in the 1970s, however, copper in the breccia pipes was considered more interesting. The recent identification of a cluster of VTEM conductors east of the breccia hosted copper deposits has re-focused Redbank onto the sediment hosted stratiform copper potential in the lower Wollogorang Formation close to the existing deposits. Redbank Project Summary: The Redbank Project is located in the south east McArthur Basin and extends from the Northern Territory/Queensland border west to Glencore's McArthur Mine. In July 2020, Redbank secured the district scale tenement holding by pegging open ground following work by Geoscience Australia that highlighted the prospectivity of the area for large base metal deposits between the world-class Tier 1 zinc deposits at the McArthur and Century Mines. Redbank is searching for large copper deposits to add to the existing copper inventory. Redbank holds the tenements with a 100% interest. Announcement • Mar 04
Redbank Copper Limited Provides Update on Regional Soil Sampling Highlights on 40Km South Calvert Anomaly Redbank Copper Limited announced updates on assay results from the large-scale regional soil sampling program completed within the Company's Redbank Copper Project in the McArthur Basin, Northern Territory. Soil sampling was completed at a 500m x 500m grid and along accessible roads and tracks . Initial analysis of the soil sampling results has highlighted multiple copper targets of significant dimensions. A key area of interest is the Calvert South Prospect located 50km west of the Redbank copper deposits. Calvert South is a 40km anomalous hydrothermal alteration `cell' defined by significant copper/manganese/bismuth/antimony anomalism. The orientation of this soil anomaly is close to and nearly parallel to the Calvert Fault, a major structure which has been mapped from south of Redbank northeast toward the McArthur Mine and the Batten Fault Zone. Redbank plans to test the large Calvert South soil anomaly with drilling during the upcoming dry season. The location of drill targets will be further refined following ground geophysical surveys using Redbank's in-house IP system to run DDIP (dipole induced polarization) lines over the 40km area.Redbank completes an extensive regional soil sampling program in the McArthur Basin with over 4,000 soil samples collected at 500m centres .Initial results support Redbank's interpretation that multiple and significant targets exist outside of known breccia pipe mineralisation. Most significant target to date is the Calvert South Prospect located 50km west of the Redbank copper deposits. Calvert South soil anomaly has a 40km hydrothermal alteration `cell' defined by significant copper/manganese/bismuth/antimony anomalism. Soil sampling program provides Redbank with multiple additional areas of copper prospectivity for follow-up in 2022 field season. Plans for the 2022 field season are well advanced and will focus on drilling high priority targets generated from soil assay results and over VTEM conductors. Rock chip sampling at Redbank West contains individual samples with Copper grades as high as 32% Cu. Announcement • Feb 22
Redbank Copper Limited Announces Project Exploration Update Bluff East Drilling Results Redbank Copper Limited provided a summary of results received from the Reverse Circulation ("RC") drilling program completed within the Company's Redbank Copper Project in the McArthur Basin, Northern Territory. The program was designed to assess and test structural copper targets on shallow IP targets between breccia pipes east of the Bluff Copper Deposit. Results from 30 RC holes averaging 100m depth have been received. Limited capacity of the RC rig did not allow the key deeper stratigraphic horizons to effectively test at depth (below 100m), however copper mineralisation was still confirmed outside the existing breccia pipes. Results indicate low levels of copper in the upper Wollogorang mudstone with nine zones of greater than 0.1% Cu. Potential below this horizon at the lower Wollogorang shale contact at ~100m depth was only reached in a few of the holes including 1m @ 1.6% Cu demonstrating that copper has precipitated at the horizontal interface. Future drilling will target this receptive shale horizon further to the east where it is associated with the broad conductor highlighted in the airborne VTEM survey reported in October 2021. Despite drill rig limitations, this program has provided important data that highlights the potential for further copper mineralisation to be hosted within the east-west structural corridor that links the existing breccia pipe copper deposits. A total of 30 reconnaissance RC holes were drilled for 3,051m testing 12 of 33 IP chargeability anomalies. These drillholes targeted shallow chargeable targets in the Gold Creek Volcanics and the upper Wollogorang Formation sediments. Anomalous copper mineralisation was intersected at or near this contact. Drilling was unable to penetrate beyond 120m in key holes to test targets in the lower Wollogorang Formation shale horizon. Assay results intersected nine zones of greater than 0.1% Cu. The results highlight low-grade copper mineralisation. Future drilling will target the receptive lower Wollogorang Formation shale horizon further to the east where it is associated with the broad conductor highlighted in the airborne VTEM survey reported in October 2021. The best result was 7m @ 0.37% Cu from 108-115m in drillhole 21BE025. Executive Departure • Dec 01
Director Daryl Henthorn has left the company On the 24th of November, Daryl Henthorn's tenure as Director ended after 2.5 years in the role. We don't have any record of a personal shareholding under Daryl's name. A total of 3 executives have left over the last 12 months. Recent Insider Transactions • Nov 24
Insider recently bought AU$58k worth of stock On the 19th of November, Daryl Henthorn bought around 973k shares on-market at roughly AU$0.06 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$322k more in shares than they have sold in the last 12 months. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Director Daryl Henthorn is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Sep 24
Redbank Copper Limited Announces Drilling Set to Commence At Large-Scale VTEM Copper Target Redbank Copper Limited advised that a detailed review of helicopter-borne electromagnetic survey ("VTEM") data has revealed a 1km x 1km late-time conductor which has been prioritised for immediate drill testing. This target forms part of a suite of very large and coherent conductors identified by the ongoing VTEM Survey located approx. 5km north-east of the existing copper mineralisation at the Redbank Project. The conductors are discrete anomalies that are interpreted to occur within the Wollogorang sediment dominant Formation at approx. 220m below surface. A drilling program has been approved and will be expedited to test this large-scale conductor which may represent a conductive reductant host to copper mineralisation. A series of dipole IP (DDIP) lines and ground gravity surveying is currently being completed over the main VTEM conductor prior to the commencement of drilling to assist in more precisely locating the first drill holes to target within this 1km x 1km anomaly. Reverse Circulation (`RC') drilling continues east of the Bluff Copper Deposit. Drilling is targeting copper prospectivity in the Wollogorang Formation which is present in this area at approximately 100m depth. The stratigraphic diamond drill hole (21STRAT01) located between the Azurite and Punchbowl deposits is currently being drilled to an expected depth of 800m. This drillhole is being co-funded by the Northern Territory Government's Geophysics and Drilling Collaborations (GDC) program. The Redbank Project is located in the south east McArthur Basin approximately 30km west of the Northern Territory/Queensland border. In July 2020, Redbank expanded the size of the Project area and secured a district scale tenement holding by pegging open ground following work by Geoscience Australia that highlighted the prospectivity of the area for large base metal deposits between the world-class Tier 1 zinc deposits at the McArthur and Century Mines. Redbank is searching for large copper deposits to add to the existing copper inventory. Redbank holds the tenements with a 100% interest. Announcement • Jun 30
Redbank Copper Limited Reports New Drill Targets Identified at Redbank Copper Project Redbank Copper Limited reported that initial Gradient Array IP (GAIP) surveying has identified several compelling anomalies along trend of known copper mineralization within the Redbank Copper Project in the McArthur Basin, Northern Territory. The first GAIP area surveyed was positioned over the Bluff deposit with immediate success. Two discrete and unexplained high-order chargeability anomalies have been identified. These targets will be tested with a drilling program planned to commence in third quarter 2021. Following the first 1km2 GAIP survey, a second 1km2 area was surveyed further east. Significantly, the two 1km2 areas although separated, clearly show a linear chargeability anomaly aligned with the breccia pipe copper deposits. Redbank intends to complete further GAIP surveys over large portion of the Redbank Project to generate further high quality targets for the upcoming drill program in the third quarter. The Redbank Project is located in the east McArthur Basin approximately 30km west of the Northern Territory/Queensland border. In July 2020, Redbank expanded the size of the Project area and secured a district scale tenement holding by pegging open ground following work by Geoscience Australia that highlighted the prospectivity of the area for large base metal deposits between the world-class Tier 1 zinc deposits at the McArthur and Century Mines. Redbank is searching for large copper deposits to add to the existing copper inventory. Redbank holds the tenements with a 100% interest. Prior to the commencement of ground geophysical IP surveys Redbank contracted an Airborne EM (VTEM) survey over an area partially covered by regional scale soil sampling in 2020. The VTEM survey is scheduled to commence in early July and will provide a technique to image the statigraphic layers which host the breccia pipe copper deposits. Further desktop reviews of previous exploration including ground geophysical IP surveys, historic soil sampling and field mapping in 2019 and 2020, has highlighted the prospectivity of a large region to the east of MRE. This area broadly identified has been targeted for early exploration and drill testing of anomalies. Announcement • Jun 25
Redbank Copper Limited Reports Maiden JORC 2012 Mineral Resource Estimate of 8.4Mt @ 1.1% Copper for the Company's Redbank Copper Project in the Mcarthur Basin, Northern Territory Redbank Copper Limited reported a maiden JORC 2012 Mineral Resource Estimate (MRE) of 8.4Mt @ 1.1% copper for the Company's Redbank Copper Project in the McArthur Basin, Northern Territory. The updated MRE is comprised of seven individual copper mineralised vertically-oriented breccia pipes, all captured within conceptual open pit estimates. The Redbank Project is located in the east McArthur Basin approximately 30km west of the Northern Territory/Queensland border. In July 2020, Redbank expanded the size of the Project area and secured a district scale tenement holding by pegging open ground following work by Geoscience Australia that highlighted the prospectivity of the area for large base metal deposits between the world-class Tier 1 zinc deposits at the McArthur and Century Mines. Redbank is searching for large copper deposits to add to the existing copper inventory reported in this announcement. Redbank holds the tenements with a 100% interest. Mineral Resources for the Redbank Project were previously reported by the Company on 24 May 2011 comprising 6.2Mt at 1.53% copper for 96,500 tonnes of copper metal (reported at a 0.5% Cu cut-off grade). The JORC 2012 MRE reported in this announcement which updates the previous resource estimate reflects changes from the JORC 2004 MRE due to: changes in density, with a further 329 specific gravity measurements; and a change in the interpretation approach with the utilisation of a nominal lower 0.3% copper cut-off within each of the seven deposits. The MRE update has been completed by Entech Pty Ltd. and is based on its review of a total of 55,359m of drilling from 787 drill holes. Mineralisation interpretations were informed by diamond drilling (109 drill holes inclusive of diamond tails, of which 69 drill holes intersect the global resource) and reverse circulation drilling (678 drill holes, of which 233 drill holes intersect the global resource) for a combined total of 17,755m of drilling intersecting the global resource. The updated MRE is formed from information gathered over multiple drilling programs, including some that were completed over 50 years ago. To enable drill hole information and assaying across multiple programs to be compliant with JORC 2012 requirements, during the 2020 field season, drill material was sourced from historical drill core and pulps and submitted to ALS assay laboratories for whole rock geochemical analysis. A total of 4,692 samples were analysed to validate the existing historical assay results. Correlation studies were undertaken to compare the original copper assay results to the re-assay results. The correlation coefficient of the drill core was 0.946 and the correlation coefficient of the drill pulp was 0.929. The Sandy Flat Tailing Storage Facility ("TSF") MRE has been generated from samples taken following a `push tube' drilling program undertaken in October 2020. The drill program comprises 302 short vertical holes spaced at 10m centres for a total of 848m. The Sandy Flat TSF MRE was estimated using a digital surface model completed in 2016 representing the topography of the TSF. All 302 drill holes were used to inform the mineralisation interpretation and all drill holes were used in the resource. Depth from surface to the limit of the MRE is approximately 3m to 5m and the TSF extents are approximately 250m by 150m. Announcement • Jun 01
Redbank Copper Limited Announces Exploration Program Underway at Redbank Copper Project Redbank Copper Limited advised that it has identified several high-priority targets within the Company's Redbank Copper Project in the McArthur Basin, Northern Territory. Exploration plans and budgets for the 2021 field season have now been finalised, with a program of work scheduled to be undertaken from 1 June to 30 November 2021. In July 2020, Redbank secured a district wide tenement holding in the east McArthur Basin by pegging open ground following work by Geoscience Australia that highlighted the prospectivity of the area for large base metal deposits between the world-class Tier1 zinc deposits at the McArthur and Century Mines. These tenement applications are progressively being granted. Redbank is searching for large copper deposits to add to the existing copper inventory at the Redbank Project. Redbank holds the tenements with a 100% interest. Redbank has identified that copper mineralisation is sulphide poor, with little to no pyrite present. Copper within the breccia pipe deposits occurs as disseminated chalcopyrite and bornite. Historic IP surveys, recent petrophysical tests and thin section petrographic analysis indicate that the mineralisation provides a strong chargeability response. Thus IP methods can be considered a direct detection tool for targeting disseminated copper mineralisation in the absence of pyrite. The size of gradient array IP (GAIP) surveys will depend on how the geophysical crew chief sees the layout for each area, however, past experience shows that 1km x 1km areas or 1.5km x 1.5km areas are best given the requirement for the current electrodes to be at least 500m away from the edge of the GAIP survey area and consequently current electrodes 2 or 3km apart. A 1km x 1km GAIP area can be surveyed in 2 days. Surveying will be undertaken continuously throughout the field season. Redbank has previously reported a problem with contamination of one element from the multi-element soil sampling program completed in November 2020. The contaminant element was chromium, which is also an indicator element for diamond exploration. The contaminant issue has now been resolved. Initial comments on the results of the soil sampling program highlighted broad anomalism without providing any results. Ongoing analysis of the soil sampling results has revealed that the entire 805 samples from the soil sampling program are heavily altered and anomalous. These soil samples were collected at 500m x 500m spacing and highlight a particularly large anomalous area east of the existing Redbank breccia pipe hosted copper deposits with a smaller anomalous area south. Neither of these areas has been explored or drilled, however, reconnaissance geological mapping in 2019 and 2020 undertaken to determine the extents of this soil sampling program located breccia pipes which `day-light' within the anomalous area. Infill soil sampling and gradient array IP will be conducted in this area to narrow down targets for future drill testing. A combination of RC and diamond drilling is proposed to test targets to increase the existing resources of the known breccia pipe deposits. A number of targets are already defined from previous explorers where IP anomalies from pre-1975 ground geophysical surveys have not been followed up. Targets defined by this program's soil sampling and IP surveys will be prioritised for drilling late in the field season in October/November this year. Redbank expect to submit its first stage drilling plans for regulatory review and approval in July. Up to 10,000m of drilling is planned for the 2021 field season. Recent Insider Transactions • May 09
Non-Executive Chairman recently bought AU$77k worth of stock On the 6th of May, Anthony Kiernan bought around 750k shares on-market at roughly AU$0.10 per share. This was the largest purchase by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Announcement • Mar 09
Redbank Copper Limited to Provide Update on Strategy to Systematically Explore the Redbank Copper Project and Surrounding District Scale Landholding in the Mcarthur Basin, Northern Territory Redbank Copper Limited (Redbank or the Company) is pleased to provide the following update on its strategy to systematically explore the Company's Redbank Copper Project and surrounding district scale landholding in the McArthur Basin, Northern Territory. A comprehensive review of all assays received from the 2020 field work campaign at the Redbank Copper Project is currently being finalised for reporting this quarter. Work streams on updating the existing JORC Resource are also progressing. Results from the Sandy Flat TSF drilling program are currently being finalised and will be combined into the Redbank Copper Project JORC 2012 Resource update. Pathway to Unlocking an `Economic Copper Resource' at the Redbank Project: Following the completion of 2020 field work campaign, Redbank's management, and highly experienced technical team (which includes Bruce Hooper, Mike Cowin, John Beeson and Allan Ronk) have held several workshops to determine the most effective way to fast-track exploration of the Company's 12,913km² landholding in the McArthur Basin. The review process of the assays received from the 2020 field work program has been extensive, with considerable time invested to ensure assays are closely aligned with the extensive historical database and decades of intellectual property the Company has catalogued on the Redbank Copper Project. Once reviewed and collated, these assays will play a key role towards generating a better understanding of the distribution of copper mineralised breccia pipes within the Redbank Copper Project and identifying mineralised signatures and targets for future exploration programs. Executive Departure • Mar 05
Company Secretary has left the company On the 1st of March, Kelly Moore's tenure as Company Secretary ended after 1.6 years in the role. We don't have any record of a personal shareholding under Kelly's name. Kelly is the only executive to leave the company over the last 12 months. Announcement • Mar 04
Redbank Copper Limited has completed a Follow-on Equity Offering in the amount of AUD 7.433436 million. Redbank Copper Limited has completed a Follow-on Equity Offering in the amount of AUD 7.433436 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 102,530,148
Price\Range: AUD 0.0725
Discount Per Security: AUD 0.00435
Transaction Features: Subsequent Direct Listing Announcement • Feb 28
Redbank Copper Limited Announces Changes in Company Secretary Redbank Copper Limited advises that with effect from 1 March 2021, Ms Kelly Moore has resigned as Company Secretary and Ms Melanie Ross has been appointed to the role. Ms Ross is an accounting and corporate governance professional with over 20 years' experience in financial accounting and analysis, audit, business and corporate advisory services in public practice, commerce and state government. She has a Bachelor of Commerce degree and is a member of the Institute of Chartered Accountants in Australia and New Zealand and an associate member of the Governance Institute of Australia. Ms Ross is currently Company Secretary for a number of other ASX listed entities. Announcement • Nov 24
Redbank Copper Limited Appoints Bruce Hooper as a Non-Executive Director, Effective December 1, 2020 Redbank Copper Limited announced that it has appointed highly experienced resources industry executive Bruce Hooper as a Non-Executive Director, effective December 1, 2020. Most recently, Mr. Hooper was the Chief Exploration & Business Development Officer at Sandfire Resources Ltd. Announcement • Oct 06
Redbank Copper Limited Provides Further Update on Activity Relating to the Sandy Flat Copper Extraction Program Redbank Copper Limited provided a further update on activity relating to the Sandy Flat Copper Extraction Program within the Company's wholly-owned Redbank Project in the Northern Territory. As reported on July 21, 2020, assay results of the copper present in the ore stockpile, heap leach pads, vats and the Tailings Storage Facility at the Sandy Flat Mine Site show high grade copper remaining after mining ceased at Sandy Flat including in the pit water of the flooded Sandy Flat open pit mine. To provide clear reportable information on the amount and grade of surface copper remaining at the Sandy Flat Mine Site, the Company has estimated an Exploration Target Range under the JORC2012 Code reporting requirements. This approach has been adopted given the historical significance of previous work and the amount of surface copper remaining. The Company appreciates that this is an unconventional approach to reporting surface copper. However, given the amount and grade of copper, this forms a material asset based on the current market capitalisation of the Company. The ETR for surface copper (excluding pit water) is 452,050 to 567,750t @ 3.61 to 3.05% Cu. The ETR (excluding pit water) results in 13,774.6 to 20,514.55t of contained copper. The ETR for surface copper (including pit water) is 0.99 to 1.22Mt @ 1.72 to 1.43% Cu for contained copper tonnage range of 14,178 to 20,918 tonnes. The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code. An additional point of importance with respect to this surface copper is that the Northern Territory Government has the liability to rehabilitate the Sandy Flat Mine Site and remove the primary contaminant, the copper from Site. The Company expects to take receipt of this copper once extracted and convert to a saleable liquid copper sulphate product able to be used by nearby zinc mines, where it can be used as a `collector' in the zinc flotation circuit. The use of liquid copper sulphate in zinc flotation plants coats the outside of sphalerite (zinc sulphide or ZnS) and significantly enhances the concentration process of producing a zinc concentrate. An ETR (JORC2012) has been estimated for 9 separate surface copper occurrences from records of past mining activity at Sandy Flat. The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code. The 9 separate copper occurrences form five groups, these are: Pit Water contained in the Sandy Flat Pit; Sandy Flat Ore Stockpile; Tailings Storage Facility; Heap 1, Heap 2 & Heap 3; Vat 1, Vat 2 & Vat 3. 
