New Risk • Jul 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 6.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (177% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.00m market cap, or US$4.15m). New Risk • May 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 14% 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 Earnings have declined by 6.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (245% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.30m market cap, or US$4.49m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Board Change • May 20
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 Paul Niardone was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
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 Paul Niardone was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Australian Critical Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.244921 million. Australian Critical Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.244921 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,677,900
Price\Range: AUD 0.075
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,587,717
Price\Range: AUD 0.075
Transaction Features: Subsequent Direct Listing Announcement • Jan 29
Australian Critical Minerals Limited has filed a Follow-on Equity Offering. Australian Critical Minerals Limited has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,678,950
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,321,050
Transaction Features: Subsequent Direct Listing Announcement • Oct 08
Australian Critical Minerals Limited, Annual General Meeting, Nov 27, 2025 Australian Critical Minerals Limited, Annual General Meeting, Nov 27, 2025. Board Change • Aug 18
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Gary Brabham is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 14
Australian Critical Minerals Limited, Annual General Meeting, Sep 15, 2025 Australian Critical Minerals Limited, Annual General Meeting, Sep 15, 2025. Location: at level 2, 7 havelock street, west perth wa 6005 Australia Board Change • Dec 24
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 Gary Brabham is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 09
Australian Critical Minerals Limited, Annual General Meeting, Nov 27, 2024 Australian Critical Minerals Limited, Annual General Meeting, Nov 27, 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 Revenue is less than US$1m. Market cap is less than US$10m (AU$3.48m market cap, or US$2.41m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). 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 Gary Brabham is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 28
Australian Critical Minerals Limited Announces Change of Joint Company Secretary Australian Critical Minerals Limited announced the appointment of Mr. Kieran Witt as Joint Company Secretary effective immediately, replacing Ms Sylvie Broadway. Mr. Witt is a Chartered Accountant with experience as a consultant advising ASX listed companies on capital raisings, mergers and acquisitions, statutory accounting requirements and corporate compliance. He is a member of Chartered Accountant Australia and New Zealand and holds a Bachelor of Commerce (Accounting). The Company further advises that Mr. Johnathon Busing remains as Joint Company Secretary of the Company. For the purposes of ASX Listing Rule 12.6, both Mr. Busing and Mr. Witt will be responsible for communications between the Company and ASX. New Risk • Mar 16
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$1.6m 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$1.6m free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (AU$3.53m market cap, or US$2.31m). Minor Risk Less than 3 years of financial data is available. 
