Announcement • Mar 17
Ozz Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.065498 million. Ozz Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.065498 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,637,458
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0024
Transaction Features: Rights Offering Announcement • Sep 27
Ozz Resources Limited, Annual General Meeting, Nov 21, 2025 Ozz Resources Limited, Annual General Meeting, Nov 21, 2025. Announcement • Jun 30
OZZ Resources Limited Announces Resignation of Gordon Thompson as Non-Executive Director, Effective June 30, 2025 OZZ Resources announced the resignation of Mr. Gordon Thompson as Non- Executive Director of the Company effective 30 June 2025 to focus on his other business interests and directorships. Announcement • Nov 21
OZZ Resources Announces the Appointment of Gordon Thompson as Non-Executive Director OZZ Resources announced the appointment of Mr. Gordon Thompson as Non-Executive Director of the Company effective 21st November 2024. Gordon is a professional, registered engineer and mine builder, with more than 30 years of direct mining experience, of which 20 years at the executive and corporate management level, leading a combination of large mining companies and major and junior mining project developments. Aptitudes include mechanised surface mining and mid to ultra- deep underground mining operations in South Africa, Western Australia, DRC, Brazil and West Africa. Previous positions include, MD Chemicals of Africa, CEO at Taurus Gold Limited, COO at Tiger Resources and CAMEC Plc and EVP at Driefontein Mines Limited. Announcement • Sep 09
Ozz Resources Limited, Annual General Meeting, Nov 11, 2024 Ozz Resources Limited, Annual General Meeting, Nov 11, 2024. Board Change • Apr 29
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non - Executive Director Joe Graziano 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 • Feb 08
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$1.1m 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$1.1m free cash flow). Revenue is less than US$1m (AU$64k revenue, or US$42k). Market cap is less than US$10m (AU$6.48m market cap, or US$4.22m). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (47% increase in shares outstanding). Board Change • Dec 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Independent Non - Executive Director Joe Graziano 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. Announcement • Sep 15
Ozz Resources Limited, Annual General Meeting, Nov 16, 2023 Ozz Resources Limited, Annual General Meeting, Nov 16, 2023. Agenda: To discuss the re-election of Directors. New Risk • Jul 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 87% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.3m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-AU$38k). Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.25m market cap, or US$6.19m). Board Change • Jun 30
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non - Executive Director Joe Graziano 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. Recent Insider Transactions • May 16
Insider recently bought AU$57k worth of stock On the 12th of May, Jason Peterson bought around 1m shares on-market at roughly AU$0.057 per share. This transaction amounted to 37% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$91k more in shares than they have sold in the last 12 months. Announcement • Jan 20
Ozz Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.2 million. Ozz Resources 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: 4,000,000
Price\Range: AUD 0.05
Discount Per Security: AUD 0.003
Transaction Features: Subsequent Direct Listing Announcement • Oct 31
Ozz Resources Limited, Annual General Meeting, Nov 30, 2022 Ozz Resources Limited, Annual General Meeting, Nov 30, 2022, at 10:00 W. Australia Standard Time. Location: Level 3, 101 St Georges Terrace Perth Western Australia Australia Agenda: To consider the Annual Report of the Company and its controlled entities for the financial year ended 30 June 2022, which includes the Financial Report, the Directors' Report and the Auditor's Report; to consider Adoption of Remuneration Report; to consider Re-election of Director Mr. David Wheeler; to consider Re-election of Director Mr. Giuseppe Graziano; to consider Re-election of Director Mr. Tim Slate; to consider Approval of 10% Placement Facility; to consider Resolutions 7(a) and (b) Ratification of Prior Issue Consideration Securities United Mines Pty Ltd; to consider Ratification of Prior Issue Pinnacle Well Consideration Shares; to consider Ratification of Prior Issue Shares for Advisory Services; to consider Ratification of Prior Issue Shares for Drilling Services; to consider Amendments to Constitution; and to consider other matters if any. Announcement • Oct 12
Ozz Resources Limited Announces Change of Directors Ozz Resources Limited announced that Mr. Brian McNab has resigned as a non-executive director of the Company, effective immediately. The Company further advises that Mr. Tim Slate has been appointed as anon-executive director with immediate effect. Mr. Slate is the founder and director of Catalyst Corporate, a boutique consulting firm. Mr. Slate has a Bachelor of Commerce from the University of Western Australia, is a Chartered Accountant, is an Associate Member of the Governance Institute of Australia and is a Graduate of the Australian Institute of Company Directors. Mr. Slate has over 15 years' experience providing accounting, secretarial and corporate advice to private and public companies across a variety of sectors. Announcement • Aug 05
Ozz Resources Limited Announces Geochemical Sampling Identifies 4 New Drill Targets OZZ Resources Limited reported results from recent exploration activity, including soil geochemistry results from the Pinnacle Well Project and the completion of Reverse Circulation drilling at Rabbit Bore. Positive results have been received from both projects, further reinforcing their prospectivity and paving the way for follow-up exploration activities. With the completion of the Rabbit Bore drilling in late June, the Company has commenced a review of all its exploration projects to ensure that future programmes are focused on maximising positive outcomes. Geochemical soil sampling was undertaken in three phases at Pinnacle Well from December 2021 to April 2022. The December sampling results (Area 1) were reported to the ASX on April 21, 2022 - `High Impact Drill Programmes to commence in May' and further results (Area 2) were reported to the ASX on April 27, 2022 - `Soil Geochemistry Results Provide Encouragement at Peterwangy and Pinnacle Well.' The third phase of sampling was completed (3099 samples) by specialist contractors primarily on a 400m (NS) by 50m (EW) grid to suit the dominant north-south strike of lithologies and main structures. In some locations, the spacing was reduced to 200m by 50m and/or also rotated 90 degrees where the dominantly east-west oriented contact of the greenstone with the Bundarra Batholith granitoid is located towards the north parts of the sampled area. Figure 2 shows the sampling phases and orientations that cover the tenement group. A sample weight of about 250 grams was collected manually from a depth of about 10-20cm below surface. Assaying was completed at Labwest using the Ultra-fine assay technique developed by the CSIRO to better detect subtle anomalies under transported cover. Samples were assayed for 52 elements including gold and base metals. Results from the Stage 3 sampling were obtained over E37/1246 and the recently acquired Linger and Die tenements. The geology of in the southern part of the area sampled is predominantly shrouded by Quaternary surface sediments that overlie the Archaean bedrock geology. Board Change • Jul 29
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Brian McNab was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 31
Ozz Resources Limited Announces Board Changes Ozz Resources Limited announced that Allan Lockett and Mr. Jonathan Lea have resigned as directors and have appointed Mr. David Wheeler and Mr. Giuseppe Graziano as directors with immediate effect. Announcement • May 18
Ozz Resources Limited Announces Drilling Commences at Rabbit Bore OZZ Resources Limited advised that its initial drilling programme has commenced at the Rabbit Bore Project near Cue to test a series of gold, nickel and copper targets. This marks the beginning of a significant ramp-up in exploration activity, with further drilling scheduled to occur following this programme across the Company's suite of high-quality exploration projects in WA's Eastern and North-Eastern Goldfields. Drilling has commenced at Rabbit Bore following drill pad preparation in the first week of May. K-Drill Pty Ltd, a Kalgoorlie-based company, has been engaged to drill approximately 3,600m at Rabbit Bore and has been retained to subsequently drill test Ozz's other projects. No drilling has ever been completed on the 5km long greenstone belt, which is structurally well-prepared via the Big Bell Fault, which traverses the Rabbit Bore tenement. The Rabbit Bore drilling will target the adjacent gold-nickel anomaly and the separate, more northerly copper-gold anomaly defined by soil geochemistry and magnetic surveys. The nickel anomalism at Target 1 is coincident with the gold target but is confined to an ultramafics unit. The Leonora Project Area includes the Mt Davis project, located 20km north of Leonora and 4km south-east of Red 5 Limited's 4.1Moz King of the Hills gold deposit. A soil sampling program was completed in December 2021 with results confirming three high-priority drill targets which will be tested in 2022. The project also contains gold mineralisation at the Trig deposit, which is hosted by the same geological structures associated with major mineralisation around Leonora, including the world-class +8Moz Sons of Gwalia mine. The Pinnacle Well Project acquired in November 2021, includes seven tenements approximately 25km north of Leonora and has the potential for gold and base metal mineralisation. Soil sampling across these tenementswas completed in March 2022 and some assay results have been received. Located in the Central Murchison Region, 62km south-west of Meekatharra,Maguires includes three advanced prospects defined by previous and recent drilling, with high-grade shoots contained in two shear zones. Recent drilling returned results including 14m @ 2.66g/t Au from 45m, 7m @ 9.10g/t Au from 81m and 7m @ 4.50g/t Au from 46m. A JORC compliant MineralResource estimate for Old Prospect was released in November 2021 comprising an Indicated Mineral Resource of 229kt @ 2.12g/t containing 15.6koz gold and an Inferred Mineral Resource of 83kt @ 2.27g/t for 6.0koz of contained gold. The Resource is open in all directions and further drilling is planned in 2022 at Old Prospect and the nearby untested Maguires Reward prospect. Rabbit Bore, located NW of Cue, hosts a 5km strike length of prospective shear zones largely under cover, including several historical gold working which have returned rock chip assays of up to 4.2 g/t gold. The detailed magnetic data obtained from a recent survey with close spaced flight lines has been utilised, together with a recently completed soil sampling programme, to generate targets for initial drilling. Previous soil sampling has also returned anomalous copper, nickel and cobalt results. An aeromagnetic survey was completed recently at the Wardarbie South Project, west of Meekatharra. This data will be used in conjunction with future soil sampling to define drill targets within the 3km of prospective lithologies. Peterwangy, which was the site of WA's first gold rush in 1868, hosts historical workings within a 3km long greenstone belt adjacent to the craton-scale Koolanooka Fault. No drilling has ever been undertaken at the project, and OZZ is using a combination of magnetic survey data and ground-based soil sampling to generate drill targets. The Vickers Well project comprises two exploration license applications, where wide-spaced bio-geochemical sampling has indicated the presence of elevated rare earth elements. Exploration will progress once the tenements are granted. Announcement • Apr 27
Ozz Resources Limited Proposes to Removal of Directors Ozz Resources Limited at its AGM to be held on May 31, 2022, proposed to removal of directors – Mr. Alan Lockett and Mr. Jonathan Lea. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Brian McNab was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
OZZ Resources Limited Receives Drilling Approvals for Rabbit Bore and Maguires Projects OZZ Resources Limited advised that exploration programs are rapidly gathering momentum across its suite of high-quality exploration projects in WA's Eastern and North-eastern goldfields. The Company has received drilling approvals for the Rabbit Bore and Maguires Projects and is now waiting for a drill rig to mobilise to commence drilling. The RC rig is expected to arrive on site in early May. Drilling is scheduled to commence at Rabbit Bore in early May. Program of work (PoW) approvals are in place and heritage clearance has been obtained. K-Drill, a Kalgoorlie-based company, has been engaged to drill approximately 5,000m in the Cue area before re-locating and continuing drilling at OZZ's Leonora projects. At Rabbit Bore, the drilling will target the adjacent gold-nickel anomaly (Target 1) and the separate, more northerly copper-gold anomaly defined by soil geochemistry. No drilling has ever been completed on the 5km long greenstone belt that is structurally well-prepared via the Big Bell Fault, which traverses the tenement. At the Maguires Project, OZZ completed drilling in 2021 at the Old Prospect and defined a maiden JORC compliant Resource of 312kt @ 2.15g/t for 22koz of contained gold (comprised of an Indicated Mineral Resource of 229kt @ 2.12g/t and an Inferred Mineral Resource of 83kt @ 2.27g/t). The parallel and structurally similar Maguires Reward trend lies 1km to the west and has very limited drilling despite a best intercept of 4m @19.2g/t Au by BHP from three RC holes drilled in the 1990's. This trend will be tested as part of the upcoming drilling program to establish the extent of any mineralisation present. Approvals are also in place for further drilling at the Old Prospect, with the drilling program to focus on extending the current Resource. The timing for this next program at Old Prospect will be determined following an assessment and ranking of OZZ's other opportunities around Leonora. Following a heritage clearance survey in early April, OZZ is now able to complete a soil geochemistry sampling program over the tenements planned for around the middle of 2022. The data acquired will be used in conjunction with the aeromagnetic data received last year to define drill targets. Soil sampling assay results have been returned for the eight prospecting leases that make up the project. A 649-geochemical soil sampling program was completed at Mt Davis in December 2021. Soil samples were taken on a nominal 400m (NS) by 50m (EW) grid spacing over the leases. Some heritage areas were omitted from the coverage. The local geology is dominated by two major shear zones the Mt George Shear near the eastern boundary that hosts the Trig mineralisation and is associated with numerous deposits in the district; and the Clifford Fault a regional structure associated along strike to the north and south with nearby historical gold workings (e.g., Grattan Well). A sample weight of about 250 grams was collected manually from a depth of about 15-20cm below surface. Assaying was completed using the ultra-fine assay technique developed by the CSIRO to better detect subtle anomalies under transported cover. Samples were assayed for 52 elements including gold and base metals. Soil sampling has been completed progressively over the Pinnacle Well tenements in recent months with the initial batch of assay results now received. Soil sampling was completed using company and contractor personnel, with a sample weight of about 250 grams collected manually from a depth of about 15-20cm below surface. The orientation of sampling grids was based on geological interpretation, with line and sample spacing ranging from 400m x 50m to 200m x 50m. Approximately 4000 samples in total have been taken at Pinnacle Well with 470 reported here from the NW corner area. Given the extensive transported cover over the tenement, assaying was completed using the ultra-fine assay technique developed by the CSIRO to better detect subtle anomalies under transported cover. Samples are being assayed at Labwest in Perth for 52 elements including gold and base metals. The 250km2 project was acquired recently through the application for two exploration licenses. Widely spaced historical bio-geochemical sampling of Mulga trees indicted significantly elevated rare earth element concentrations. Further bio-geochemical and potentially soil sampling will be scheduled to validate and refine anomalies across the licenses. Announcement • Apr 11
Ozz Resources Limited (ASX:OZZ) acquired 90% stake in Vickers Well Rare Earth Project. Ozz Resources Limited (ASX:OZZ) acquired 90% stake in Vickers Well Rare Earth Project on April 11, 2022.
Ozz Resources Limited (ASX:OZZ) completed the acquisition 90% stake in Vickers Well Rare Earth Project on April 11, 2022. Announcement • Mar 06
Ozz Resources Limited (ASX:OZZ) acquired Linger and Die Goldfield for AUD 0.25 million from United Mines Pty Ltd. Ozz Resources Limited (ASX:OZZ) acquired Linger and Die Goldfield from United Mines Pty Ltd for AUD 0.25 million on March 4, 2022. An outright Sale and Purchase agreement has been executed with United Mines Pty Ltd. The consideration paid includes: Payment of AUD 0.1 million cash; and the issue of 960,000 ordinary shares in OZZ Resources Ltd which have been agreed to a 3-month voluntary escrow period in accordance with a voluntary escrow deed that has been executed. In addition, 840,000 OZZ Performance Shares will be issued that are convertible to fully-paid ordinary shares upon the following milestone being achieved by November 30, 2022. A royalty will be payable by OZZ to United Mines equal to 1% of the gross revenues received by OZZ from mining any ores from the tenements, payable quarterly up to a period of 5 years ending March 3, 2027.
Ozz Resources Limited (ASX:OZZ) completed the acquisition of Linger and Die Goldfield from United Mines Pty Ltd on March 4, 2022. Announcement • Feb 16
Ozz Resources Limited Provides New Copper, Gold and Nickel Targets for Drilling Ozz Resources Limited to advised that it has identified two compelling new targets for gold, copper and potentially nickel-PGE mineralisation from a recently completed soil geochemical sampling programme across its 80%-owned Rabbit Bore Project, located 55km north of Cue and 60km south-west of Meekatharra in the central Murchison region of Western Australia. The results have significantly upgraded the prospectivity of the Rabbit Bore Project as a priority focus for drilling, which the Company plans to commence as soon as possible, subject to finalising heritage and access approvals. The two targets comprise a 1km long strong gold anomaly associated with historic gold workings and an unexpected +2km long copper-in-soil anomaly in the central-western part of the tenement. The gold anomaly sits adjacent to an ultramafic unit with coincident nickel-platinum-palladium-chromium, highlighting the potential for nickel-PGE mineralisation. The Company intends to expedite drilling, which will be undertaken in conjunction with planned upcoming drilling at the Maguires Gold Project. Ozz will also give consideration to undertaking either airborne or ground-based EM surveys over the target areas to identify potential conductors that may provide a clearer vector for drill targeting. A 750-geochemical soil sampling programme was completed at Rabbit Bore in November 2021. Soil samples were taken on a nominal 400m by 50m grid that was reduced to a 200m by 50m spacing over the known gold workings. The sampling focused on the prospective greenstone lithologies and previously defined aeromagnetic anomalies. A sample weight of about 250 grams was collected manually from a depth of about 15-20cm below surface. Assaying was completed using the Ultra-fine assay technique developed by the CSIRO to better detect subtle anomalies under transported cover. Samples were assayed for 52 elements including gold and base metals. This soil sampling programme and the application of modern geochemical methods has defined two significant targets for further work. In the southern half of the Exploration Licence, a significant and coincident gold-nickel-platinum-palladium and chromium anomaly was evident and, in the north, an extensive copper anomaly has been defined with less coherent accumulations of other anomalous metals. The sample locations are shown in Figure 2, gold, copper and nickel anomalies. The southern 1.75km long anomaly, which is associated with folded ultramafics rocks and regional shearing, is defined at a 2.5ppb Au cut-off. At a higher 7.5ppb Au cut-off, a 1km anomaly is defined within the lower grade halo. The anomaly straddles the area containing a number of historic gold workings. The same area is anomalous in nickel, chromium, platinum, palladium and copper. The higher gold values appear to be located on the margins of the ultramafic unit, with the Ni/Cr/Pt/Pd and Cu anomalies contained within the ultramafic. In the central-west of the project area, a large 2km by 0.7km copper anomaly is defined by the 200ppm cut-off. At a 300ppm Cu level, a narrower 1.2km long anomaly is defined closely following the western margin of the interpreted greenstone contact with the granitoids. Maximum copper values exceeding 500ppm were returned from this zone that is also associated with cobalt and low-level gold anomalism. Announcement • Jul 03
Ozz Resources Limited (ASX:OZZ) entered into an agreement to acquire Maguires Reward Project from Diane Finlay. Ozz Resources Limited (ASX:OZZ) entered into an agreement to acquire Maguires Reward project from Diane Finlay for AUD 0.13 million cash and 5 million common shares on September 23, 2020. The cash of AUD 0.03 has been paid and the balance is payable on completion, 5 million shares will be issued at a deem price of AUD 0.20 per share. The project is also subject to a 2% net smelter return royalty. The Company will be liable to satisfy all rehabilitation obligations which attach to the tenement irrespective of whether such obligations arose before, on or after the settlement, and will indemnify Diane against any loss, expense or liability suffered arising from any such rehabilitation obligation. Completion of the agreement is subject to the Ozz Resources Limited receiving conditional admission letter from the ASX. The agreement may be terminated, If the condition is not satisfied, on mutual agreement of the parties, if a party becomes insolvent or if a party commits a material breach of the terms and fails to remedy that breach within 10 business days after the giving of notice by the other party to remedy the breach. Completion of the agreement is subject to the Ozz Resources Limited receiving conditional admission letter from the ASX. Announcement • Jul 02
Ozz Resources Limited has completed an IPO in the amount of AUD 6.52 million. Ozz Resources Limited has completed an IPO in the amount of AUD 6.52 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 32,600,000
Price\Range: AUD 0.2 
