Announcement • Apr 29
Yari Minerals Limited, Annual General Meeting, May 29, 2026 Yari Minerals Limited, Annual General Meeting, May 29, 2026. Location: at hlb mann judd, board room, 4/130 stirling st, perth wa 6000 Australia New Risk • Mar 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$2.4m 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$2.4m free cash flow). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (74% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.14m market cap, or US$4.90m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Recent Insider Transactions • Oct 23
Insider recently bought AU$109k worth of stock On the 21st of October, Stephen Copulos bought around 10m shares on-market at roughly AU$0.011 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$472k. Insiders have collectively bought AU$867k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 21
Insider recently bought AU$472k worth of stock On the 18th of September, Stephen Copulos bought around 46m shares on-market at roughly AU$0.01 per share. This transaction amounted to 53% 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$699k more in shares than they have sold in the last 12 months. New Risk • Sep 10
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$1.7m 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$1.7m free cash flow). Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Revenue is less than US$1m (AU$9.9k revenue, or US$6.6k). Market cap is less than US$10m (AU$8.10m market cap, or US$5.36m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). New Risk • Jul 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 44% 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 Share price has been highly volatile over the past 3 months (30% average weekly change). Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.63m market cap, or US$5.01m). Board Change • Jul 06
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). MD, Executive Director of Finance & Executive Director Anthony Italiano is the most experienced director on the board, commencing their role in 2022. Independent Non-Executive Chairman Eduardo Robaina was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Jul 02
Yari Minerals Limited Announces Board Changes, Effective 1 July 2025 Yari Minerals Limited announced the appointment of Mr. Albert Thamm as Technical Director, effective 1 July 2025, as part of the Company's ongoing strategy to strengthen its technical leadership to advance its key project the Rolleston South Coal Project. Mr. Thamm brings over 35 years' experience in the mining industry with a career spanning exploration, project development and executive leadership. A geologist by training, he holds an M.Sc. from the University of Cape Town and is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM) and the Society of Economic Geologists (SEG). Mr. William Witham has notified the Company of his decision to retire as a Non-Executive Director, effective 1 July 2025. He is sincerely thanked for his contribution during his tenure. Recent Insider Transactions • Jun 14
Insider recently bought AU$120k worth of stock On the 12th of June, Stephen Copulos bought around 13m shares on-market at roughly AU$0.0092 per share. This transaction amounted to 18% 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$185k more in shares than they have sold in the last 12 months. New Risk • May 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 (41% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.47m market cap, or US$2.88m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Announcement • May 20
Yari Minerals Limited (ASX:YAR) completed the acquisition of Resource Chain Pty Ltd. Yari Minerals Limited (ASX:YAR) agreed to acquire Resource Chain Pty Ltd on May 7, 2025. The consideration consists of 119.56 million common equity of Yari Minerals Limited to be issued for common equity and 86.05 million Performance Rights rights of Yari Minerals Limited to be issued for common equity of Resource Chain Pty Ltd. A
The transaction is subject to consummation of due diligence investigation. The expected completion of the transaction is May 2025.
Yari Minerals Limited (ASX:YAR) completed the acquisition of Resource Chain Pty Ltd on May 19, 2025. Board Change • Apr 22
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. MD, Executive Director of Finance & Executive Director Anthony Italiano 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 • Mar 26
Yari Minerals Limited, Annual General Meeting, May 27, 2025 Yari Minerals Limited, Annual General Meeting, May 27, 2025. Recent Insider Transactions • Feb 05
Insider recently bought AU$115k worth of stock On the 28th of January, Stephen Copulos bought around 29m shares on-market at roughly AU$0.004 per share. This transaction amounted to 65% 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$55k more in shares than they have sold in the last 12 months. Announcement • Nov 15
Yari Minerals Limited Appoints Lucas Braceras as Company Secretary Yari Minerals Limited advised Lucas Braceras, the Company's Group Accountant has been appointed as Company Secretary, effective from 15 November 2024 and is now the representative responsible under ASX Listing Rule 12.6 for communication with the ASX. Mr. Braceras is an accountant who has had over 10 years' experience in Australian and South America and has extensive knowledge in matters relating to the operation and administration of corporate entities. Rudolf Tieleman has retired from the role of Company Secretary. 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$3.0m 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$3.0m free cash flow). Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 6.7% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$2.89m market cap, or US$1.90m). New Risk • Mar 30
New major risk - Revenue and earnings growth Earnings have declined by 6.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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). Earnings have declined by 6.8% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$2.41m market cap, or US$1.57m). Announcement • Mar 16
Yari Minerals Limited, Annual General Meeting, May 27, 2024 Yari Minerals Limited, Annual General Meeting, May 27, 2024. New Risk • Nov 10
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 (-US$3.0m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.72m market cap, or US$4.90m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). New Risk • Sep 14
New major risk - Revenue and earnings growth Earnings have declined by 2.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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 (-US$3.0m free cash flow). Earnings have declined by 2.8% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$9.16m market cap, or US$5.88m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Jun 27
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 Less than 1 year of cash runway based on free cash flow trend (-US$1.6m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.27m market cap, or US$4.19m). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Announcement • Feb 10
Consolidated Zinc Limited (ASX:CZL) entered into a binding conditional share sale agreement to acquire Latin American Zinc S.A.P.I. de C.V. from Consolidated Zinc Limited (ASX:CZL) for $6 million. Consolidated Zinc Limited (ASX:CZL) entered into a binding conditional share sale agreement to acquire Latin American Zinc S.A.P.I. de C.V. from Consolidated Zinc Limited (ASX:CZL) for $6 million on February 10, 2023. As per the agreement, Consolidated Zinc minimum will receive cash payment of $3 million, up to $3 million in common shares in Impact Silver based on the lower of the price per common share for the Impact Capital Raising or the volume weighted average price for the 20 trading days immediately prior to the date of execution of the Sale Agreement and 12% of net profits from the Plomosas Project in cash (NPI) from completion of the Sale Agreement, the terms of which will be set out in a fulsome net profits interest deed. Each party to obtain any required shareholder and regulatory approvals, including shareholder approval by Consolidated Zinc. In this transaction, There is a break fee of $ 0.1 million is payable by a breaching party to the other party. Jett Capital Advisors has entitled to a success fee on completion of the Proposed Transaction of 6% of the Cash Amount. The transaction is expected to complete on or before April 7, 2023. Jett Capital Advisors, LLC are acting as exclusive financial advisor to Consolidated Zinc Limited. Announcement • Dec 22
Consolidated Zinc Limited Announces Hyperspectral Evaluation Identifies 219 Lithium Pre-Targets South Wodgina 104 Pre-Targets Consolidated Zinc owns 100% of four granted Exploration Licenses (EL) and one EL Application (ELA) in the Pilbara approximately 1,000km2, that are prospective for lithium and Rear Earth mineralization and are located near two of the largest spodumene lithium deposits/mines and other significant deposits (PLS - Pilgangoora, MIN -Wodgina and GL1- Archer Project). A hyperspectral evaluation of the Pilbara tenements was initiated with the acquisition of ASTER (Advanced Spaceborne Thermal Emission and Reflection Radiometer) and Sentinel satellite data to assist in discriminating areas for on-ground exploration. Hyperspectral images allow efficient early desktop mapping of rock units and alteration minerals, potentially associated with mineral deposits. An evaluation of the data for CZL's Figtree ELA, Camel Creek and Ant Hill EL's identified 115 anomalies for ground evaluation (CZL ASX release 2/11/2022 address Camel Creek and Anthill EL's). The collated imagery covering the South Wodgina Project area has now been evaluated by a geophysical consultant. This first pass interpretation has identified 49 and 55 anomalies on E45/5973 and E45/5974 respectively. Some of these pre-targets are over 3,000m long. Reconnaissance field work for all the project areas has been initiated. This will allow the identification of lithium bearing pegmatites. Drill Targets will be developed and followed up as rapidly as possible, to enable Heritage Surveys to be conducted and drill evaluation to commence with the arrival of the drilling season in April 2023. Reconnaissance outcrop rock chip sampling is being undertaken, inspecting suspected areas of mineralisation and aiming to assess and prioritize the possible lithium tenor/grade of the outcrops. 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. Executive Director of Finance, Company Secretary & Executive Director Anthony Italiano 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 • Nov 03
Consolidated Zinc Limited Provides Pilbara Lithium Exploration Update Consolidated Zinc owns 100% of four granted Exploration Licenses ("EL") and one EL application in the Pilbara covering 982sq km, that are prospective for lithium mineralisation and are located near two of the larger spodumene lithium deposits/mines and other significant deposits. A hyperspectral evaluation of the Pilbara tenements was initiated with the acquisition of ASTER (Advanced Spaceborne Thermal Emission and Reflection Radiometer) and Sentine satellite data to assist in discriminating areas for on-ground exploration. A geophysical consultant has completed an evaluation of the data for the Came Creek and Ant Hill EL's and interpreted 74 anomalies, that are being evaluated with ground truthing +/- rock outcrop and soil sampling. The hyperspectral data associated with the two Wodgina EL's and the Fig Tree application will now be evaluated to assist in discriminating areas for on- ground exploration that will be initiated once relevant access permits and the EL are granted. Reconnaissance outcrop rock chip sampling is being undertaken, inspecting suspected areas of mineralisation and aiming to assess and prioritize the possible lithium tenor/grade of the outcrops. Targets will be developed and followed up on as rapidly as possible, to enable Heritage Surveys to be conducted and drill evaluation to commence with the arrival of the drilling season in April 2023. CZL takes a multi-parameter approach to exploration for lithium (spodumene) in LCT pegmatites. Direct detection of narrow pegmatite veins is effectively impossible using geophysical methods. As such, a wide range of methods and data are utilised to identify signatures that allow the definition of target zones for follow-up testing. Hyperspectral Theory - Spectrometers separate electromagnetic radiation into wavelength bands as spectrograms with the wavelength intensity of each band, representing the absorption and reflection energy of different materials. Spectral images are created to describe the material /combinations found within the survey area. ASTER is a multispectral imager that was launched by NASA in 1999. It covers a wide spectral region with 14 bands from the visible to the thermal infrared with high spatial, spectral and radiometric resolution. The spatial resolution varies from 15m in the visible /near infrared (VNIR), to 30m in shortwave infrared (SWIR) and 90m in thermal infrared (TIR). The TIR sensor can map quartz, mafic minerals and carbonates rocks, the SWIR can detect hydrothermal alteration associated with hydroxyl, sulfate and carbonate minerals and the three VNIR bands provide information related to absorption in transition metals such as iron and some rare-earth elements (REE). False-colour composite images from ASTER band (or ratio) combinations can reveal important mineralogical lithological information and map mineral groups such as Fe-oxides, AlOH, MgOH minerals, carbonates. For lithium/pegmatite exploration, the AlOH index is used to identify areas with elevated AlOH content, based on the premise that such areas may contain the specific mica-group mineral lepidolite which contains lithium. Radiometric data can be useful in mapping and delineating granitic bodies that can be the source of the pegmatitic intrusions. Outcropping pegmatites can have a distinct elevated potassium radiometric signature, if in a non-granite host rock. Integration of the geophysical and remote sensing data with geology, terrain and topocadastral data in a GIS platform assists in discriminating possible sources of geophysical and hyperspectral signatures. Announcement • Oct 26
Consolidated Zinc Limited Provides Exploration Update on Pilbara Lithium Project Consolidated Zinc Limited announced that 1,000 sq km of tenements in the Pilbara are prospective for lithium mineralisation and are located near two of the larger spodumene lithium deposits/mines. The tenements consist of four granted Exploration Licenses ("EL") and one EL Application ("ELA"). The two required Heritage Agreements for the Figtree ELA were recently signed and the EL is expected to be granted by DMIRS after the 4-month Section 29 Native title advertising period closes on 24 December 2022. The Company's two South Wodgina EL's are located on the Yandeyarra Native Reserve and `'Entry'' and `'Consent to Mine'' permits must be granted prior to the commencement of ground exploration. Heritage Agreements have already been signed. The Entry and Consent Permits were lodged on September 12th and should be evaluated at Meeting No 248 of the Aboriginal Lands Trust (ALT), to be held on 17th November 2022. When the permits are approved by the ALT, the permits should be subsequently approved by the Minister for Mines and the Minister for Aboriginal Affairs and CZL can commence evaluating the tenements. Consolidated Zinc's exploration program commenced on September 22nd at the Camel Creek /Ant Hill licenses and the first sampling and evaluation trip to the region has been completed. Due to a lack of relief (elevation difference) across the Camel Creek /Ant Hill licenses and hence lack of significant outcrops, a systematic stream sediment sampling was initiated to discriminate areas for more detailed follow-up. Thirty-one stream sediment samples and 5 rock chip samples were collected and have been delivered to the laboratory. Timeframes for the analysis of samples is currently approximately 6 weeks. Reconnaissance outcrop rock chip sampling is being undertaken, while inspecting possible areas of mineralisation with the aim of assessing the possible lithium grade of the outcrops. A hyperspectral evaluation of all of the Pilbara tenements was initiated with the acquisition of ASTER and Sentinel satellite data. A geophysical consultant has completed an interpretation of the data for the Camel Creek /Ant Hill projects and results will be released when available. The anomalies noted in the Camel Creek and Ant Hill surveys are being evaluated, with ground truthing plus rock outcrop and soil sampling as required. The hyperspectral data associated with the two South Wodgina licenses and Fig Tree will be evaluated this year to assist in discriminating areas for on-ground exploration that will be initiated once relevant permits and the EL is granted. The comprehensive reconnaissance program will continue over the next month with the aim to locate and sample LCT pegmatites containing lithium mineralisation, and to define high priority areas for follow-up sampling and ultimately drilling. The license boundaries have been plotted on satellite photo and historic data including aeromagnetic RTP, aeromagnetic VD1, radiometric ternary (U/Th/K), gravity, geology and structural lineament images that follow. These images provide structural information but are geophysically relatively quiet and don't assist markedly in discriminating areas for follow up exploration. Reported Earnings • Sep 14
First half 2022 earnings released: US$0.004 loss per share (vs US$0.002 loss in 1H 2021) First half 2022 results: US$0.004 loss per share (further deteriorated from US$0.002 loss in 1H 2021). Revenue: US$2.15m (down 42% from 1H 2021). Net loss: US$1.34m (loss widened 186% from 1H 2021). Announcement • Jun 03
Consolidated Zinc Limited has completed a Follow-on Equity Offering in the amount of AUD 0.3 million. Consolidated Zinc Limited has completed a Follow-on Equity Offering in the amount of AUD 0.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,000,000
Price\Range: AUD 0.025
Transaction Features: Subsequent Direct Listing Announcement • Apr 27
Consolidated Zinc Limited Updates on Annual Mineral Resource Consolidated Zinc Limited announced that the resource reconciliation and Mineral Resource model for the Plomosas mine has been updated to incorporate the 2021 ore mined, the new areas identified as old workings and incorporating the new mineralised envelopes that better reflect the actual mineralisation. The resource estimate, independently completed by Ashmore Advisory Pty Ltd. ("ASH") in compliance with the JORC (2012) reporting guidelines, contains 986,000 tonnes @ 13.2% Zn and 3.7% Pb for 166,500 tonnes of contained metal in Indicated and Inferred categories. This estimate was after mining depletion during 2021 of 27,724 tonnes @ 17.4% zinc, 8.7% lead and 52.16g/t silver. The new model represents a 5% increase in tonnes after mining depletion over the 2021 resource model. Significantly this also includes an upgrade of the classification of Mineral Resources with the Indicated category increasing by 40% in tonnes, 43% zinc increase and 48% lead increase. The new model better represents the Plomosas mineralisation than the 2021 Mineral Resource estimate because it considers all grade control data from commencement of mining in 2018 to the end of 2021 During 2021 over 75% of ore mined was sourced from outside of the 2021 Mineral Resource Model demonstrating the need to incorporate all grade control information, drilling and exploration into a new interpretation of the Plomosas mineralisation. The good news is that the Mineral Resource has grown with the inclusion of the grade control data and mineralised envelopes. Key Information: Updated Mineral Resource estimate after mining depletion for Plomosas mine totals 986,000 tonnes @ 13.2% Zn and 3.7% Pb for 166,500 tonnes of contained metal in Indicated and Inferred categories. Represents a 5% increase in total tonnes and 40% increase in Indicated categories. New model developed to address the ore found outside of the previous mineral resource model. Board Change • Apr 27
No independent 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. No independent directors (3 non-independent directors). Non-Executive Director Angela Mary Pankhurst was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Recent Insider Transactions • Apr 12
Insider recently bought AU$122k worth of stock On the 4th of April, Stephen Copulos bought around 3m shares on-market at roughly AU$0.041 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$234k more in shares than they have sold in the last 12 months. Announcement • Apr 07
Consolidated Zinc Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25 million. Consolidated Zinc Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 31
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: US$0.006 loss per share (up from US$0.016 loss in FY 2020). Revenue: US$7.67m (up 69% from FY 2020). Net loss: US$1.89m (loss narrowed 22% from FY 2020). Revenue missed analyst estimates by 23%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 153%, compared to a 402% growth forecast for the mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. Announcement • Mar 31
Consolidated Zinc Limited (ASX:CZL) entered into non-binding indicative offer to acquire PYRAMID MINERALS PTY LTD from Beau Nicholls and others for AUD 0.99 million on March 30, 2022. Consolidated Zinc Limited (ASX:CZL) entered into non-binding indicative offer to acquire PYRAMID MINERALS PTY LTD from Beau Nicholls and others for AUD 0.99 million on March 30, 2022. As per the terms of the transaction The Pyramid Metals purchase consideration is AUD 0.99 million consisting of AUD 0.04 million proposed to be paid in cash and AUD 0.95 million proposed to be paid in fully paid ordinary shares in the Company. The Company has received firm commitments from sophisticated and professional investors to undertake the Placement to raise AUD 1.55 million, The capital being raised under the Placement is primarily to fund due diligence expenses, cash
acquisition costs and expenses of the Placement. The transaction is subject to successful completion of due diligence and entry into a formal legally binding agreement with the vendors of Pyramid Minerals,the transaction is subject to the Board of Directors of CZL approving the transaction. The transaction is subject to receipt of any third party and regulatory approval. The transaction is expected to complete in June 30, 2022. Announcement • Mar 30
Consolidated Zinc Limited announced that it expects to receive AUD 1.55 million in funding from Copulos Group of Companies Consolidated Zinc Limited announced that it will issue 50,000,000 shares at a price of AUD 0.025 per share for gross proceeds of AUD 1,550,000 in a round of funding on March 30, 2022. The transaction will include participation from Copulos Group for 12,000,000 shares for proceeds of AUD 300,000 and other sophisticated and professional investors. The shares will be issued at a discount of 13.8%. Each investor will receive one free attaching quoted option for every two shares subscribed for and issued, exercisable at AUD 0.09 on or before 1 June 2023. The transaction is expected to close on or before April 6, 2022. The shares to be subscribed by Copulos Group will need shareholders approval. Recent Insider Transactions • Mar 03
Insider recently bought AU$65k worth of stock On the 22nd of February, Stephen Copulos bought around 2m shares on-market at roughly AU$0.033 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$112k more in shares than they have sold in the last 12 months. Announcement • Dec 30
Consolidated Zinc Limited Provides Plomosas Production Update Consolidated Zinc Limited announced that production at the Plomosas Mine has been significantly disrupted by the cumulative effect of several incidents and scheduled plant upgrades during December, resulting in only 5 plant operating days so far this month. Production interruptions included rising water levels in the mine restricting access to 2 high-grade stopes due to installation and operating issues with pumping equipment, a generator fire and third-party servicing issues with a different generator reducing power supply, and extended delivery times for parts and services. Action is currently underway to investigate, mitigate or eliminate the causes of equipment damage and unavailability. Recently there has been evidence of increased clandestine activity in the region and, although there has been no direct impact on operations, steps have been taken to mitigate security risks for personnel and production. When operating, the plant has shown improved recoveries and throughput following plant maintenance and upgrades. However, ore processed for the December quarter is expected to be approximately 40-45% that of the prior quarter. Reported Earnings • Sep 11
First half 2021 earnings released: US$0.002 loss per share (vs US$0.018 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: US$3.69m (up 125% from 1H 2020). Net loss: US$468.6k (loss narrowed 78% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Announcement • Jul 03
Consolidated Zinc Limited Announces Plomosas Operations Update Consolidated Zinc Limited announced that the Plomosas plant and Aldama plant jointly processed 3,958 tonnes of ore in May, for 719 tonnes of zinc concentrates and 184 tonnes of lead concentrates. The Company intends to continue processing through both plants until ore stockpiles are depleted and the Plomosas plant sustains the targeted 4,500tpm process rate. The plant has demonstrated its capacity to perform consistently above this rate but issues with some refurbished equipment, particularly the mill, have reduced plant availability in June. The flotation circuit has performed well, the cyclones and preconditioning would benefit from greater residence time which is being addressed. June production is expected to be lower than May due to the time required to fix the equipment issues. However, modifications made during the downtime are expected to increase plant availability and utilisation in the second half of 2021. Announcement • May 19
Consolidated Zinc Limited has completed a Follow-on Equity Offering in the amount of AUD 0.3 million. Consolidated Zinc Limited has completed a Follow-on Equity Offering in the amount of AUD 0.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,500,000
Price\Range: AUD 0.04
Transaction Features: Subsequent Direct Listing Announcement • Mar 18
Consolidated Zinc Limited Announces Updated Mineral Resource Estimate for its Plomosas Zinc-Lead-Silver Project in Northern Mexico Consolidated Zinc Limited announced its updated Mineral Resource estimate for its Plomosas zinc-lead-silver project in northern Mexico. The resource estimate, independently completed by Ashmore Advisory Pty Ltd. (ASH) in compliance with the JORC (2012) reporting guidelines, contains 941,000 tonnes @ 13.0% Zn and 3.4% Pb for 154,000 tonnes of contained metal in Indicated and Inferred categories. This is a decrease of 2.4% of resource tonnage and 3.7% contained zinc metal over the previous resource estimate announced to the ASX on 29 April 2020. The reduction in Mineral Resource derives from the depletion of the geological models of the Level 7 Semi-oxide ("SOX") mineralised zones for mining conducted during 2020. Of significant importance is that some 40% of the 2020 production was mined from stopes outside of the existing Mineral Resource however, current data is not sufficient for inclusion in the updated Mineral Resource. Results of the independent Mineral Resource estimate by ASH for the Project. The Statement of Mineral Resources is reported in accordance with the requirements of the 2012 JORC Code and is therefore suitable for public reporting. The Mineral Resource is reported above a cut-off grade of 3% Zn which was based on the mining cut-off grade for the operation. Announcement • Mar 10
Consolidated Zinc Limited Advises Crushing Circuit Commissioning Commenced at its Wholly Owned Plomosas Plant Consolidated Zinc Limited advised crushing circuit commissioning has commenced at its wholly owned Plomosas Plant. The mill and wet end of the plant will be commissioned from 13 March 2021 and, as CZL has over two years' experience in optimising processing of Plomosas plant feeds, a short commissioning period is expected. The extreme cold weather which severely impacted Texas in February also directly and indirectly impacted Chihuahua State, northern Mexico and operations at the Plomosas mine. An estimated 14 days of progress on the tailings dam construction were lost due to road closures, supply issues and extreme cold. Lights have been installed so that the earthworks and plastic liner laying can proceed around the clock to meet the March deadline for completion. An independent expert is scheduled to inspect the mill installation on 13 March 2021, following which 22 tonnes of ball will be installed, and the mill commissioned through the third week of March. The fine ore bin is filled with barite ore. This ore will be used to commission the mill. The preconditioning tanks, flotation circuit will be sequentially commissioned in the second half of March. The Aldama plant continued to operate in January and February 2021 at similar rates to the fourth quarter of 2020. The Company proposes to run both Aldama and Plomosas plants in second quarter of 2021 to reduce stockpiles and increase revenue while allowing time for orderly commissioning for the Plomosas plant. A new specialised haul truck has been purchased for Plomosas to increase ore haulage rates and, once the underground stockpiles are at the surface, the special purpose haul truck will be used to exploit the high- grade sulphide ore located at the Level 7 Carola South stope with Zinc equivalent grade exceeding 25% Zinc. Announcement • Jan 29
Consolidated Zinc Limited Announces Exploration Update Consolidated Zinc Limited announced that gold sampling and structural mapping has continued at the Plomosas mining lease concessions. Field work identified historical gold workings and 67 samples were taken to confirm the presence of gold mineralisation at these and previously identified anomalies. Samples were taken over the Enrique, La Chona, Don Lucas and Potrero anomalies. Of these, 48 assays from the latter two prospects were returned. The trends and structural controls of the gold mineralisation were assessed and follow up sampling of previously identified gold mineralisation was undertaken. Gold Exploration: Historical exploration reports prepared in 2006 and 2008 for Plomosas indicated the presence of gold within the Plomosas mining lease concessions. The field work completed in November and December 2020 has identified the location of those historical samples, mapped the structures related to the gold assays previously taken and follow up on previous work reported. The assay results from 48 of the 67 samples were returned and confirm the presence of low-level gold mineralisation but did not demonstrate strike continuity. The highest gold assay of the 48 samples was 2.02g/t Au. The remainder returned up to 0.18 g/t Au with many <0.01 g/t Au. Table 1 provides full details of the assay results received to date. Exploration results have downgraded the prospectivity of the Potrero and Don Lucas anomalies for economic gold mineralisation while assays are awaited for the Enrique and La Chona prospects. Base Metal Exploration: The regional mapping program has also encountered significant base metal prospective structures and geology approximately 500 metres along trend from the high-grade stopes of the Juarez mine. This has led to the development of a new theory of the structural control of the base metal mineralisation within the mine. This suggests a 30m fault displacement of several parallel ore zones which were historically mined in high grade stopes such as Las Espadas. This was not identified at the time when historic mining ceased. This theory will be tested during 2021 and, if correct, suggests the potential for defining high-grade base metal mineralisation in close proximity to existing mine workings. Announcement • Jan 20
Consolidated Zinc Limited Appoints Angela Pankhurst as an Executive Director Consolidated Zinc Limited advised changes to the Board to strengthen executive capacity through a period of extraordinary challenges including the on-going global pandemic, refurbishment and commissioning of the Plomosas concentrator, and remote management of cross border functions at a time when travel to site remains restricted. Angela Pankhurst, currently a non-executive Director, has been appointed as an Executive Director on a part time basis to assist and compliment the skills of the Managing Director and CFO. This continues the role Angela has increasingly assumed in terms of auditing, cashflow and strategic analysis. After the changes to the board and remuneration take effect from 18 January 2021, the majority of the board of CZL will be executive directors.