New Risk • Mar 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$12.8m (US$8.99m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.2m free cash flow). Revenue is less than US$1m (AU$319k revenue, or US$223k). Market cap is less than US$10m (AU$12.8m market cap, or US$8.99m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Mar 12
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$4.2m 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$4.2m free cash flow). Revenue is less than US$1m (AU$326k revenue, or US$233k). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (AU$16.3m market cap, or US$11.6m). New Risk • Nov 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% 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 Earnings have declined by 3.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Revenue is less than US$1m (AU$319k revenue, or US$207k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$23.1m market cap, or US$15.0m). Announcement • Oct 01
Peregrine Gold Limited, Annual General Meeting, Nov 28, 2025 Peregrine Gold Limited, Annual General Meeting, Nov 28, 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. 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 (25% increase in shares outstanding). Market cap is less than US$100m (AU$22.9m market cap, or US$15.1m). Announcement • Sep 04
Peregrine Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Peregrine Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,636,364
Price\Range: AUD 0.22
Discount Per Security: AUD 0.0132
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Apr 10
Peregrine Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 2.545398 million. Peregrine Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 2.545398 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,585,549
Price\Range: AUD 0.15
Security Features: Attached Options
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 5,383,771
Price\Range: AUD 0.15
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Apr 05
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$2.9m 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$2.9m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$17.5m market cap, or US$10.6m). New Risk • Mar 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$11.9m market cap, or US$7.50m). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding). Announcement • Oct 29
Peregrine Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.545441 million. Peregrine Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 2.545441 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,969,605
Price\Range: AUD 0.15
Security Features: Attached Options
Transaction Features: Rights Offering Announcement • Oct 11
Peregrine Gold Limited, Annual General Meeting, Nov 21, 2024 Peregrine Gold Limited, Annual General Meeting, Nov 21, 2024. New Risk • Oct 01
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 (22% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.6m market cap, or US$9.41m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (21% increase in shares outstanding). New Risk • Jun 20
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 12% 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 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. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (AU$15.3m market cap, or US$10.2m). New Risk • Dec 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.8m (US$9.76m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.8m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.8m market cap, or US$9.76m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Announcement • Oct 10
Peregrine Gold Limited, Annual General Meeting, Nov 23, 2023 Peregrine Gold Limited, Annual General Meeting, Nov 23, 2023. Agenda: To consider the re-election of Directors. New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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$3.5m free cash flow). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (AU$17.8m market cap, or US$11.5m). New Risk • Aug 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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$3.5m free cash flow). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (AU$16.3m market cap, or US$10.5m). 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$9.71m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.5m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.6m market cap, or US$9.71m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). New Risk • Jun 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.87m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.5m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.6m market cap, or US$9.87m). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Feb 04
Peregrine Gold Limited Provides an Update on Recent Exploration Activities At Its Pilgangoora North Lithium Project Peregrine Gold Limited provide an update on recent exploration activities at its Pilgangoora North Lithium Project (E45/5775). The most recent sampling programme comprised a comprehensive stream sediment and limited rock sampling programme. A total of 68 streams (22PLST 7 to 74) were sampled for 136 samples as well as 7 rock samples (22PLR 27 to 33). A limited stream sediment (22PLST 1 to 6) and rock sampling (22PLR 1 to 26) programme was initially completed in March 2022. At each stream sediment site, a fine fraction (-2mm) and coarse fraction (-5mm+2mm) sample was sieved on site with each sample weighing approximately 3-4 kg and 3 kg respectively. At each stream site a 12-15 kg sample of fine fraction material was also collected for panning. Rock samples were collected comprising predominately pegmatitic material each weighing 10 to 15 kg. The stream sediment sampling programme has returned anomalous Li, Ta, Nb and Cs in numerous catchments within the project area. Of significance, several anomalous catchments have been identified with no reported pegmatite outcrop and no reported historical rock sampling. This initial sampling programme returned 289 ppm lithium in a stream sediment sample with a second stream sediment sample returning 1,768 ppm tantalum. A maximum gold response of 11.3 ppm gold was also reported in a stream sediment sample. A follow-up rock sampling programme comprising 200 samples has been completed, specifically within the anomalous catchments, with results expected February 2023. The stream sediment sampling programme also returned widespread gold anomalism. Several gold occurrences are reported on published geological maps although the recent sampling programme has highlighted far more extensive gold anomalism within the tenement. Announcement • Jan 12
Peregrine Gold Limited Reports Exceptional Gold and Silver Grades At Peninsula Prospect Peregrine Gold Limited provided the latest results received for its Newman Gold Project. The first and second cores drilled (A and B respectively) at the Peninsula Prospect were announced on the 5th August 2022 and highlighted abundant visible gold in both cores. These cores were not split and analysed as they are now the focus of mineralogical and textural studies. A third core drill hole (C) into the auriferous quartz-ironstone vein was sent for analysis and returned spectacular gold and silver grades. The core was drilled approximately 10 cm below the original surface of the quartz vein to a depth of 29 cm with 100% recovery. The core comprises quartz-ironstone breccia with zones of massive brown ironstone. The core was cut in half with the entire half submitted for analysis. At 2.5 cm from the top of the core, a 1 mm thick gold-quartz-ironstone vein is present with disseminated and "blebby" gold between 16 cm and 21 cm from the top of the core. A fourth core (D) was drilled approximately 125 m west of cores A, B and C. This core was drilled immediately adjacent to rock sample 22KR 87 which returned 0.24 g/t Au and 1.1 g/t Ag. Core D was drilled from surface to a depth of 40cm with 37cm recovered (92.5% recovery) and comprises a quartz-ironstone breccia with late-stage ironstone veinlets at the base of the interval. Geochemical analysis of the drill core has also reported elevated rare earth elements, particularly Lanthanum (La) and Cerium (Ce) grades. Also of note are the anomalous Neodymium (Nd) and Praseodymium (Pr) grades. A review of the rare earth geochemical results from the recently completed reverse circulation drilling programme has highlighted that only Lanthanum (La) and Cerium (Ce) were analysed from the rare earth element suite. Announcement • Dec 23
Peregrine Gold Limited Provides an Update on Recent Exploration Activities At Its Newman Gold, Pilgangoora North Lithium and Rocklea Gold Projects Peregrine Gold Limited provided an update on recent exploration activities at its Newman Gold, Pilgangoora North Lithium and Rocklea Gold Projects. Following encouraging results from a recent costean sampling programme at the Birdsnest Prospect, two (2) cores were hand drilled on the auriferous quartz- ironstone vein at the Peninsula Prospect. One at the location where 2 previous cores holes were drilled with spectacular gold-quartz-ironstone intersected. The first 50mm diameter core (Core One) was drilled from surface to a depth of 0.29 metres with 100% recovery. Core One was located approximately one metre away from the two historical core holes. The core has been split in half and an entire half submitted as one sample for gold, PGE and multi-element analysis. Results are pending. The second core (Core Two) was drilled along the same vein approximately 125 metres along strike and to the northwest of Core One. Core Two was drilled immediately adjacent to the location where rock sample 22KR 87 was collected. This sample returned 0.24 g/t Au and 1.1 g/t Ag. The core comprised quartz-ironstone and was drilled to a depth of 0.40 metres with 0.37 metres recovered (92.5%). At EL52/3786, a soil sampling programme upstream of a gold anomalous stream sediment sample was completed. A total of 123 sample sites were sampled with 246 samples collected comprising a fine (-2mm) and coarse (-5mm+2mm) fraction. Sampling was at 100m x 50 metre spacing with samples submitted for gold and multi-element analysis. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Brian Thomas was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 27
Peregrine Gold Limited Provides Update on Recent Exploration Activities At Newman Gold Project Peregrine Gold Limited provided an update on its recent exploration activities including the maiden drill campaign recently concluded at the Company's 100% owned Newman Gold Project. The Company has completed Phase 1 and Phase 2 drilling which focused on the Birdsnest, Peninsula and Tin Can prospects. 92 holes for a total of 5,377 metres were completed. Assay results are pending with the interpretation of geology to follow. On initial observation no instances of visible gold were identified during the drill programme. The company is currently performing a costean program at the Birdsnest prospect with a Programme of Work (POW) for close spaced diamond drilling and costean sampling at Peninsula lodged with the Department of Mines, Industry Regulation and Safety (DMIRS), which has subsequently been approved. The goal of these programmes is to better understand the structural controls on gold deposition at Birdsnest and Peninsula. Prospect Drill Summaries: Birdsnest: 33 holes completed (22KRC-001 to 22KRC-010; 22KRC-062 to 22KRC-084 inclusive); 1,827m drilled; and Average hole depth 55.4m. Peninsula: 51 holes completed (22KRC-011 to 22KRC-061 inclusive); 3,136m drilled; and Average hole depth 61.5m. Tin Can: 8 holes completed (22KRC-085 to 22KRC-092 inclusive); 414m drilled; and Average hole depth 51.8m. Pilgangoora North Lithium Project: Due to the lack of robust historical results from past explorers, the company has decided to focus on identifying streams/catchments with elevated lithium and tantalum anomalism before undertaking further rock chip sampling. 68 stream samples were taken in the recent field programme and submitted for priority analysis with results expected shortly. Further stream sampling may be required subject to anomalous areas being identified for rock sampling. Rocklea Gold Project: A geological mapping and detailed rock chip sampling campaign has been undertaken by a consultant geologist. The goal of the campaign was to identify the source of gold anomalism identified and disclosed in prior announcements. Rock chip sampling was undertaken upstream of anomalous drainage areas and in proximity to nugget patches found by prospectors. Results and follow up exploration strategies will be announced as they are received. Mallina Gold Project: Following receipt of the latest geophysical interpretation by Fathom Geophysics that identified Hemi style intrusive targets, the company has lodged a POW to drill test these and other targets identified in historical open file literature. These targets include the potential for Ni-PGM mineralisation as disclosed in prior announcements. The company is now in the process of organising heritage clearance of priority target areas. On receipt of clearance and all approvals the company will progress to drill testing. Announcement • Oct 07
Peregrine Gold Limited Announces Onground Exploration at Pilgangoora Lithium Project Peregrine Gold Limited announced that exploration has commenced on the Company's 100% owned Pilgangoora North project. The Exploration Licence (E45/5775) was granted on 11 July 2022. After an initial reconnaissance visit to the Pilgangoora North tenement in February 2022, which confirmed the lithium prospectivity with stream samples indicating Li/Ta/Nb, with highlights including 289ppm lithium and 1,769pp tantalum. The exploration program will now be expanded to include reconnaissance stream sediment sampling over the entire tenement including immediate follow up of previous Li/Ta/Au/Ag anomalism. Announcement • Oct 04
Peregrine Gold Limited, Annual General Meeting, Nov 14, 2022 Peregrine Gold Limited, Annual General Meeting, Nov 14, 2022. Agenda: To discuss the re-election of Directors. Announcement • Aug 18
Peregrine Gold Limited Commences RC Drilling at Newman Gold Project Peregrine Gold Limited advised that a reverse circulation (RC) drilling campaign has commenced at the Newman Gold Project located approximately 30 kilometres west of Newman, Western Australia. The drilling programme will focus on the Peninsula, Birdsnest and Tin Can prospects with particular attention on the auriferous quartz vein previously identified at the Peninsula prospect1. The 5,000-metre drilling programme which is expected to take up to eight weeks. Announcement • Aug 15
Peregrine Gold Limited Completes Detailed Airborne Geophysical Survey over the Mallina Project Area Peregrine Gold Limited announced that in the first quarter of 2022 the company completed a detailed airborne geophysical survey over the Mallina project area. Line spacing was at 50m for a total of 36,589-line kilometres. The interpretation of this geophysical database was undertaken by Fathom Geophysics Pty Ltd. ("Fathom"). Fathom have extensive experience in intrusive hosted gold systems in a variety of geological terrains and use a number of proprietary technologies including intrusion detection as part of their interpretation. Fathom's interpretation and report has identified three geological domains including an extensive block of Mallina Basin sediments and Millindinna Suite intrusions which underlie a Phanerozoic cover sequence. The basement has been interpreted to have similarities in structural and lithological character as the prolifically mineralised >10Moz De Grey Mining Ltd. Mallina Basin gold camp at Hemi, located approximately 100km to the south west. The geophysical interpretation has identified up to 84 late intrusive features which may represent Hemi style targets. The intrusions appear as clusters and are located near favourable structures making them priority targets. Follow-up work will now include: Programme of Work (POW) application with DMIRS; Undertake a heritage clearance surveys; RC drilling of priority targets; Additional geophysical techniques including gravity surveys. In addition to the Hemi style targets a review of WAMEX open file reports within the project area has identified the potential for Nickel, Copper and PGE mineralisation. The following is a summary highlight past reports from WAMEX: by Brumby Resources /IGO Ltd. in 2005 (Kevington, 2006) intercepted: 30m @ 0.2% Cu and 142ppb Au, 196ppb Pd and 318ppb Pt from 60 to 90m (EOH) including one metre highlights of: 1m @ 0.324% Cu from 69 to 70m; 1m @ 156ppb Au from 78 to 79m; 1m @ 220ppb Pd from 81 to 82m; 1m @ 315ppb Pt from 80 to 81m. DGRC022 by Brumby Resources in 2007 intercepted 4m @ 0.23% Cu from 73 to 77m and 3m @ 112ppb Au+Pd+Pt from 74 to 77m including: 1m @ 0.25% Cu from 74 to 75m. GWD003 by Brumby Resources in 2010 intercepted a 9m zone from 271 to 280m of "Intense" chalcopyrite and pyrite with fine grained intrusives and brecciated cherts but this was not assayed, the core has not been located (Rohde, 2011). 97DGD006, drilled by CRA Exploration (Rio Tinto) in 1996 includes a 0.2m section of semi-massive pyrite-pyrrhotite and chlorite from 220.2m to 220.4m in proximity to mafic-ultramafic intrusions, potentially representing magmatic sulphides, this interval has been re-sampled at the core library. The drill holes discussed above are concentrated over a small area on one magnetically anomalous feature. Further to the northeast and 6km away, Rio Tinto drill hole 97DGD002 that intersected a package of dolerites, gabbros and pyroxenite ultramafic rocks. This hole was never submitted for analysis presumably due to the lack of visual mineralisation however inspection of this historical drill core at the WA core library has revealed evidence of potential primary nickel mineralisation within a portion of core sampled from 200.9m to 201.15m depth. This segment of drill core contains blebs of sulphide up to 1mm in length hosted interstitially within a pyroxene poikilitic metagabbro. This texture is interpreted to represent magmatic sulphide droplets within a sulphur saturated cumulate flow conduit or layered intrusion. Sulphide saturation within these mafic and ultramafic rocks is important evidence that these magnetic intrusive rocks are regionally prospective for orthomagmatic nickel, copper and platinum group element mineralisation. Areas of thicker magnetic intrusions may represent potential chonolith targets with greater accumulation of ultramafic rocks in contact with sulphur-rich BIF and chert. The company now plans to: Conduct detailed mineralogical and micro-XRF scanning to fully characterise the sulphide blebs and alteration features observed. Drill in the vicinity of historical RC drill hole DGRC16 to fully evaluate the historical PGE mineralisation as well as several holes to the west of DGRC16 to test a gravity anomaly interpreted by Fathom. Possible additional geophysical techniques to identify conductive targets. Announcement • Aug 05
Peregrine Gold Limited Announces Spectacular Gold Mineralisation in Drill Core at Peninsula Prospect Peregrine Gold Limited announced that significant visible gold has been identified in drill core within a quartz-ironstone breccia vein at the Peninsula Prospect approximately 30 kilometres west of Newman, WA. A hand-held core drill, able to core 40mm diameter drill core, was utilised to drill two vertical hole adjacent to and beneath the visible gold observed at surface. The two holes (A and B) were drilled approximately 1.5m apart, along strike and to a depth of approximately 50 centimetres and 23 centimetres respectively. Recoveries were 95% for Core A and 100% for Core B with Core A drilled on the west side of Core B. The Peninsula Prospect (E52/3850), part of the Newman Gold Project, identified by stream sediment and soil sampling in 2021 has confirmed the presence of several, possibly stacked north-westerly trending gold in soil anomalies. The prospect is dominated by skeletal soil and spinifex cover with outcrop predominately limited to creek systems or a dominant quartz-ironstone vein which transect the prospect. The large quartz-ironstone breccia vein mapped at the Peninsula prospect is located in the northern portion of the prospect and can be traced over a strike length of approximately 400 metres, trends approximately northwest-southeast, has an approximate true thickness of 4 metres and has a moderate dip of approximately 50 degrees to the northeast. Wall rock silicification of a possible fine-grained sediment up to a metre wide on both the hanging and footwall was observed. A close inspection of this vein in the main creek at the Peninsula prospect has identified visible gold over an approximately 2 metre x 3 metre area on the surface of the vein. A horizontal quartz- ironstone-gold stringer was observed within the hanging wall silicified sediment. Announcement • Jul 14
Peregrine Gold Limited Provides Exploration Update Peregrine Gold Limited announced that the Company has decided to revise the name of the project previously known as the Pilbara Gold Project to the Newman Gold Project to more accurately describe the area of focus for exploration activities around these tenements. Recent unseasonal wet weather has hampered field operations but some significant work was still able to be completed. Heritage survey in preparation for Reverse Circulation drilling at Peninsula, Birdsnest and Tin Can prospects was completed with the preliminary report clearing most of the drill areas. Drill access and drilling is planned to commence in the coming months. Soil sampling was undertaken on E52/3828 with 338 sites sampled (incl. duplicates and blanks). As well 19 stream sediment samples were collected. This Exploration Licence (EL) is dominated by colluvial quartz material with sheared Fortescue sediments present. Results from this sampling program are due in the coming months. Additional soil sampling at the Tin Can prospect was initiated with 18 sites sampled. The program had to be terminated due to soil dampness. The soil sampling programme is testing ground to the northwest and adjacent to the Tin Can prospect. Sampling will continue in the coming quarter with results to follow. E52/3951, E52/3952 and E52/3953 have now been granted and reconnaissance stream sediment sampling initiated. A total of 67 sites were sampled across the three tenements with results expected in the next quarter. Wet weather again terminated the programme early although sampling will continue. Upcoming planned works include providing for drill rig access, RC drilling, reconnaissance stream sediment sampling on newly granted ELs and additional soil sampling. Reconnaissance stream sediment sampling was completed since the last exploration update. A total of 69 stream sites were sampled and 5 rock samples collected. Results are still pending. Detailed geological mapping and rock sampling of anomalous catchments is planned in the coming quarter as historical sampling and recent sampling has identified numerous gold anomalous catchments. On 11 July 2022 the Company was granted E45/5775. A comprehensive reconnaissance sampling programme focussed on stream sediment and rock chips is planned to commence this quarter. The Company is expecting an interpretation report in the coming weeks which will highlight Hemi and Ni/PGE style targets. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Chairman Brian Thomas was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 15
Peregrine Gold Limited Announces Management Changes The Board of directors of Peregrine Gold Limited appointed respected mining and finance executive, Mr. Brian Thomas as a Non-Executive Director and Chairman of the Company, effective immediately. Mr. Thomas is the principal of a boutique corporate advisory practice working with small to mid-market capitalisation companies and investor groups predominantly in the resources industry advising on corporate finance, mergers & acquisitions and investor relations, plus overseeing market oriented technical reviews. He has held both Executive and Non-Executive Director roles with numerous ASX listed and unlisted companies, after an extensive career in the financial services sector in corporate stockbroking, investment banking, funds management and banking. Messrs. Peter Woodman, George Merhi and Anees Sabet will remain as directors, whilst Messrs Ian Middlemas and Mark Pearce have resigned from the Board, effective immediately. Announcement • Feb 03
Peregrine Gold Limited Announces Significant Gold in Soil Anomalism Has Been Identified at its Rocklea Project Peregrine Gold Limited announced that significant gold in soil anomalism has been identified at its Rocklea project ("Rocklea") on E47/3792 and E47/3797, located approximately 65 kilometres northwest of Paraburdoo. Rocklea was acquired through Peregrine's purchase of New Frontier Resources Pty Ltd. ("NFR"). The objective of the 2021 sampling programme at Rocklea was to follow up historical reconnaissance stream sediment samples undertaken by NFR in 2019. The 2021 reconnaissance soil sampling programme undertaken upstream of the 2019 reconnaissance stream sediment sampling has confirmed the presence of gold soil anomalism in several catchment areas. Rocklea is situated west of the Rocklea Dome and dominated by the Hardey Formation, Bongal Formation and the Pyradie Formation with numerous northwest trending faults cutting across the tenements. The 2021 sampling programme was mostly completed over the Pyradie Formation and the possible structural contact with the underlying Boongal Formation. The Pyradie Formation is a geological formation which is not known to be auriferous and is dominated by basaltic rocks with narrow northerly trending quartz-ironstone veins which can be traced discontinuously for several hundred metres. The stream sediment sampling protocol and geochemical analytical techniques for the 2019 sampling programme are identical to the ones utilized in the 2021 sampling programme. The 2021 programme returned some exceptionally elevated gold results with the gold anomalism spread over a large portion of the tenement. Announcement • Jun 02
Peregrine Gold Limited Announces Visible Gold in Rock Identified At the Pilbara Gold Project Peregrine Gold Limited announced that reconnaissance stream sediment sampling in the northwestern portion of E52/3850 and subsequent metal detecting has identified a quartz-ironstone-gold rock within brown soil approximately 30cm beneath the surface. Highlights: Reconnaissance stream sediment sampling identifies significant gold colours in pan concentrate (maximum 62 pieces). Gold in pan concentrates identified over 750 metre strike length; Metal detecting identifies quartz-ironstone rock with abundant coarse (up to 4mm) and fine gold at one location. No gold nuggets were identified; Geological mapping indicates that the quartz-ironstone-gold rock may be hosted within the Jerrinah Formation; 74 stream sediment samples and 612 soil samples collected, awaiting analysis. The company's first pass reconnaissance and detailed stream sediment sampling (37 sites) over the northwestern portion of E52/3850 has identified significant gold in pan concentrate samples. At each stream sample site, a coarse fraction (-5mm+2mm) and fine fraction (-2mm) sample were collected. The fine and coarse fraction samples have been submitted for geochemical analysis in Perth, with assay results pending. Additionally, at each sample site a 10-12kg sample of fine fraction material was also collected for panning at the end of the day. The stream sediment sampling thus far has identified gold in pan concentrates over a strike length of approximately 750 metres. A soil sampling programme was also completed with 612 fine and coarse fraction samples collected over nine soil traverses orientated both north-south and east-west with each soil sample site 25 metres apart. A soil sample comprising 10-12kg of -5mm material was collected from the hole where the quartz-ironstone-gold rock was found and panned. Figure 4 below highlights the coarse and fine nature of the gold mineralization in that soil sample. Coincidentally, the coarse and fine nature of the gold in this pan concentrate was also reflected in the stream sediment sampling pan concentrates implying that the source rock of the gold in the surrounding anomalous drainages also comprises coarse and fine gold. Geologically, the surface outcrop is sparse although numerous creeks are well incised and doleritic sills which intrude into the Jerrinah Formation are well exposed on the banks. The Jerrinah Formation is well exposed immediately north of the gold area and forms gentle low lying hills and ranges, whereas in the vicinity of the gold anomalous catchments, the relief is flat and soil cover dominates. Northwesterly quartz and quartz-ironstone veins up to several metres thick can be traced discontinuously over 1000 metres and predominantly dominate in the northern portion of the sample area. Recent Insider Transactions • May 13
Insider recently bought AU$208k worth of stock On the 6th of May, Linda Steinepreis bought around 750k shares on-market at roughly AU$0.28 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$303k. Insiders have collectively bought AU$541k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Apr 07
Non-Executive Chairman recently bought AU$303k worth of stock On the 1st of April, Ian Middlemas bought around 1m shares on-market at roughly AU$0.21 per share. This was the largest purchase by an insider in the last 3 months. This was Ian's only on-market trade for the last 12 months. 