New Risk • Jun 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m (AU$78k revenue, or US$55k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$38.5m market cap, or US$27.1m). Announcement • May 14
Ordell Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.000001 million. Ordell Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,111,112
Price\Range: AUD 0.63
Discount Per Security: AUD 0.0378
Transaction Features: Subsequent Direct Listing New Risk • Apr 08
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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.7m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m (AU$78k revenue, or US$55k). Minor Risks Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (AU$43.3m market cap, or US$30.5m). New Risk • Mar 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 28% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.7m free cash flow). Revenue is less than US$1m (AU$78k revenue, or US$55k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (28% increase in shares outstanding). Market cap is less than US$100m (AU$40.0m market cap, or US$28.4m). New Risk • Feb 28
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$3.7m 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$3.7m free cash flow). Revenue is less than US$1m (AU$78k revenue, or US$56k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$47.4m market cap, or US$33.7m). New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$44.7m market cap, or US$31.2m). Board Change • Dec 01
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. 3 experienced directors. No highly experienced directors. Independent Director Darren Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 07
Ordell Minerals Limited, Annual General Meeting, Nov 26, 2025 Ordell Minerals Limited, Annual General Meeting, Nov 26, 2025. Board Change • Sep 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 Chairman Tommy McKeith is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 16
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 Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$24.4m market cap, or US$16.2m). New Risk • Jul 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.54m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$8.3k revenue, or US$5.4k). Market cap is less than US$10m (AU$14.6m market cap, or US$9.54m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Jul 18
Ordell Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.85 million. Ordell Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.85 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,323,529
Price\Range: AUD 0.34
Discount Per Security: AUD 0.0204
Transaction Features: Subsequent Direct Listing New Risk • Apr 07
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 16% 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 (16% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (AU$28.8m market cap, or US$17.4m). Announcement • Apr 02
Ordell Minerals Limited Announces Significant Assay Results from Recent Reverse Circulation Drilling At the Barimaia Gold Project Ordell Minerals Limited announced significant assay results from recent Reverse Circulation (RC) drilling at its Barimaia Gold Project ("Barimaia"), located near Mount Magnet in the Murchison region of Western Australia. Key Points: Significant assay results received from recent Reverse Circulation (RC) drilling at the McNabs East Prospect, part of the Barimaia Gold Project in Western Australia, including: 17m @ 2.25g/t Au from 86m 25BARC116 - 10m @ 4.24g/t Au from 44m 25BARC114 - 19m @ 1.60g/t Au from 25m 25BARC110 - 5m @ 4.77g/t Au from 45m 25BARC109 - 11m @ 1.40g/t Au from 10m 25BARC113 - 9m @ 1.42g/t Au from 87m 25BARC112 - 9m @ 1.57g/t Au from 74m 25BARC126 - 5m @ 1.95g/t Au from 25m 25BARC111. Extensive zone of gold mineralisation now defined at shallow depths on the western side of McNabs East, which remains open along strike and is untested at depth. High-grade gold mineralisation strikes in an ENE orientation, plunging shallowly to the east with mineralisation confirmed near surface. Infill and extensional RC and diamond drilling completed during March, with results pending for a number of holes. Air-core drilling to commence mid-April, aiming to extend the targeted Barimaia host intrusion to over 5km. A total of 41 holes for 4,211m of RC drilling were completed in March as part of an ongoing program to systematically test the currently defined 2.5km strike extent of gold mineralisation at Barimaia at shallow depths. Results reported in this release are from the first 13 holes (25BARC105 to 25BARC116 and 25BARC126) of the program and continue to confirm shallow, open pit potential, with a coherent zone of gold mineralisation now being defined on the western side of the McNabs East Prospect within an extensive gold system that remains open along strike and is untested at depth. Drilling completed on section 585,590E returned significant zones of gold mineralisation in 25BARC116 (17m @ 2.25g/t Au from 86m) and 25BARC114 (10m @ 4.24g/t Au from 44m). The intercept of 19m @ 1.60g/t Au from 25m returned in 25BARC110 on section 585,490E confirms significant near-surface gold mineralisation. Gold mineralisation is interpreted to plunge shallowly to the east, striking east-northeast on the western side of McNabs East. Ordell's exploration at Barimaia is targeting new discoveries of a similar style to the Eridanus deposit, which forms part of Ramelius Resources' Mount Magnet gold mining operations. Eridanus lies approximately 6km north-west of Barimaia and hosts a current Mineral Resource Estimate of 21Mt @ 1.7g/t Au for 1,200,000oz of contained gold1, with an additional +300,000 ounces of gold already mined from the open pit. Drilling Summary: A total of 41 holes for 4,211m of RC drilling was completed in March as part of an ongoing program to systematically test the currently defined 2.5km strike extent of gold mineralisation at Barimaia at shallow depths with drilling focused on the McNabs East Prospect. The results reported in the announcement are from the first 13 holes (25BARC105 to 25BARC116 and 25BARC126) of the program. All holes were drilled at -600 towards MGA north targeting both the western side and eastern side of the McNabs East Prospect. Ordell has completed a total of 103 holes for 9,875m of RC drilling since it first commenced exploration at Barimaia in late July 2024. All drilling has targeted the interpreted felsic intrusion host rocks which have been defined by previous explorers in an east-to-ENE orientation from west of the McNabs Prospect to east of the Furnace Prospect. Drilling on the western side of the McNabs East Prospect intersected wide zones of shallow gold mineralisation in a number of holes, with mineralisation hosted by a felsic intrusion which is interpreted to be of granodiorite composition. Drilling completed on section 585,590E (see Figures 1 to 3) returned significant zones of gold mineralisation in 25BARC116 (17m @ 2.25g/t Au from 86m) and 25BARC114 (10m @ 4.24g/t Au from 44m). The intercept of 19m @ 1.60g/t Au from 25m returned in 25BARC110 on section 585,490E confirms significant near-surface gold mineralisation. The drilling completed on the western side of the McNabs East Prospect supports an interpretation of a significant zone of gold mineralisation which plunges shallowly to the east, striking ENE and dipping to the south and open along strike. Mineralisation is characterised by moderate (to locally strong overprinting) sericite and biotite alteration, moderate foliation, disseminated and veinlets of pyrite and quartz pyrite veining/veinlets. Upcoming Exploration: Exploration at Barimaia in the June 2025 Quarter will comprise: Air-core drilling further to the east and north of the currently defined mineralisation at the McNabs Prospects; Further RC and diamond drilling centred on the McNabs East Prospect, with drilling to be finalised on receipt of all outstanding assays; and First pass RC drilling to follow-up potential intrusion-hosted gold anomalies defined by air-core drilling. New Risk • Feb 02
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 (26% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (AU$17.0m market cap, or US$10.6m). New Risk • Nov 04
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 23% 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 (23% average weekly change). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (AU$19.3m market cap, or US$12.7m). Announcement • Oct 08
Ordell Minerals Limited, Annual General Meeting, Nov 26, 2024 Ordell Minerals Limited, Annual General Meeting, Nov 26, 2024. Announcement • Jul 19
Ordell Minerals Limited Announces High-Quality Portfolio of Exploration Assets in Western Australia Ordell Minerals Limited advised that Ordell has listed on the ASX, bringing an advanced WA gold and lithium exploration portfolio to market. The Company's asset is the Barimaia JV Gold Project ("Barimaia"), located in the Murchison region of WA, which represents an advanced exploration project with significant historical drilling results. Ordell acquired its 80.2% interest in Barimaia from Genesis Minerals Limited ("Genesis"), which is now a major shareholder of Ordell with an 8% shareholding upon listing. Barimaia was never systematically explored due to Genesis' strategic focus on its assets in the Leonora region. Barimaia is located in a Tier-1 mining jurisdiction in close proximity to several gold processing plants, lying adjacent to Ramelius Resources' Mt Magnet mill, 70km from Spartan Resources' Dalgaranga mill and 80km from Westgold Resources' Tuckabianna mill. Previous exploration by Genesis identified an extensive gold system at Barimaia, with historical RC drilling highlighting shallow open pit potential. In addition to the Barimaia Project, Ordell also holds the Goodia Lithium Project, located in WA's Kalgoorlie-Norseman lithium district about 50km south of Develop's Dome North lithium deposit, and the Fisher South Gold Project in the Laverton gold district. Ordell has acquired 100% of Metallo Minerals Pty Ltd. which has a combined interest (registered and beneficial) of 80.2% in each of the tenements making up the project. Barimaia hosts similar geology (including interpreted felsic intrusion host rocks) to Ramelius Resources' Eridanus gold deposit, which hosts a current JORC Resource of 21Mt @ 1.7g/t Au for 1,200,000oz of contained gold 2, with an additional +300,000 ounces of gold mined from the open pit. Previous exploration work undertaken by Genesis demonstrated the presence of an extensive gold system, with significant historical RC results highlighting shallow open pit potential, including: 15m @ 11.4g/t Au from 74m; 17m @ 3.4g/t Au from 49m; 19m @ 1.5g/t Au from 18m; 5m @ 4.0g/t Au from 43m; and 70m @ 0.7g/t Au from 59m. In addition, historical air-core drilling at the east end of strike returned high-grade bottom-of-hole results that were never followed up, including: 2m @ 14.3g/t Au from 25m; and 1m @ 10.2g/t Au from 32m. Ordell is planning to undertake systematic Reverse Circulation (RC) drilling along a 2.5km strike extent at Barimaia targeting Eridanus-style discoveries, with aircore drilling also planned to test for strike extensions to the known mineralisation. Goodia Lithium - Gold Project: The Goodia Project represents an early-stage exploration opportunity in the attractive WA Kalgoorlie- Norseman lithium district, located 50km south of Develop's Dome North Lithium Deposit, 150km south of Mineral Resources' Mt Marion lithium operations and 10km west of Mineral Resources' Norseman lithium asset. The Goodia Project hosts confirmed pegmatites, which are yet to be tested for their lithium potential. Exploration to assess the gold prospectivity and to better understand the significance of the mapped pegmatites to potentially host lithium mineralisation will be completed. Fisher South Gold Project: The Fisher South Gold Project is located 400km north of Kalgoorlie in the Laverton district of the north- eastern Goldfields. Fisher South represents an early-stage exploration project, strategically located 40km along strike from Emerald Resources' North Laverton Gold Project. The Project is highly prospective for gold, nickel and base metal deposits, but has previously seen only very limited exploration work. Initial exploration will include wide-spaced air-core drilling over 10km of strike. Announcement • Jul 18
Ordell Minerals Limited has completed an IPO in the amount of AUD 6 million. Ordell Minerals Limited has completed an IPO in the amount of AUD 6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012 