Announcement • May 04
Australian Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Australian Mines 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: 96,428,571
Price\Range: AUD 0.028
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,714,286
Price\Range: AUD 0.028
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 28
Australian Mines Limited, Annual General Meeting, Nov 25, 2025 Australian Mines Limited, Annual General Meeting, Nov 25, 2025. Announcement • Oct 09
Australian Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. Australian Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 02
Australian Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million. Australian Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Aug 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$15.4m market cap, or US$9.99m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Announcement • Jul 10
Australian Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million. Australian Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordianry Shares
Security Type: Common Stock
Securities Offered: 312,500,000
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Jul 04
Australian Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million. Australian Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordianry Shares
Security Type: Common Stock
Securities Offered: 312,500,000
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Sep 25
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$3.9m 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$3.9m free cash flow). Shareholders have been substantially diluted in the past year (107% increase in shares outstanding). Revenue is less than US$1m (AU$139k revenue, or US$96k). Market cap is less than US$10m (AU$11.2m market cap, or US$7.71m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Announcement • Feb 28
Australian Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Australian Mines 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: 176,470,590
Price\Range: AUD 0.017
Discount Per Security: AUD 0.00102
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Feb 15
Australian Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 3.857143 million. Australian Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 3.857143 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 64,285,715
Price\Range: AUD 0.06
Transaction Features: Subsequent Direct Listing New Risk • Jan 25
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). Shareholders have been substantially diluted in the past year (74% increase in shares outstanding). Revenue is less than US$1m (AU$54k revenue, or US$36k). Market cap is less than US$10m (AU$11.3m market cap, or US$7.46m). Announcement • Dec 21
Australian Mines Limited, Annual General Meeting, Jan 19, 2024 Australian Mines Limited, Annual General Meeting, Jan 19, 2024, at 11:00 W. Australia Standard Time. Agenda: To consider approval to issue consideration shares and to complete the acquisition; to consider ratification of issue of placement securities; to consider approval of issue of securities; and to consider other matters. Announcement • Dec 06
Australian Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million. Australian Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 142,282,585
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 84,990,143
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Transaction Features: Subsequent Direct Listing Announcement • Nov 30
Australian Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 0.2 million. Australian Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 0.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,181,819
Price\Range: AUD 0.011
Transaction Features: Subsequent Direct Listing Announcement • Oct 23
Australian Mines Limited, Annual General Meeting, Nov 21, 2023 Australian Mines Limited, Annual General Meeting, Nov 21, 2023, at 11:00 W. Australia Standard Time. Agenda: To receive and consider the annual financial report of the company for the financial year ended 30 June 2023 together with the declaration of the directors, the directors' report,the remuneration report and the auditor's report; to adopt the remuneration report; to consider re-election of directors; to consider approval of 10% placement capacity; to consider ratification of issue of securities; to consider approval of issue of securities;and to consider other matters. New Risk • Oct 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.9m free cash flow). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m (AU$54k revenue, or US$34k). Market cap is less than US$10m (AU$9.90m market cap, or US$6.23m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Oct 05
Australian Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 0.2 million. Australian Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 0.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 16,666,667
Price\Range: AUD 0.012
Transaction Features: Subsequent Direct Listing Board Change • Oct 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Chairman Michael Ramsden was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 25
Australian Mines Limited Announces Chief Executive Officer Changes, Effective 2 October 2023 Australian Mines Limited announced the appointment of Andrew Luke Nesbitt as Chief Executive Officer (CEO) of the Company, effective 2 October 2023. Mr. Nesbitt holds a BSc (Eng) Mining and an MBA and has over 25 years of experience in the natural resources sector. He has held various executive, production and technical roles and has raised funds for numerous Metals and Mining companies. He has held positions with both De Beers and Goldfields and has carried out a number of feasibility studies across the world with the leading technical consulting group SRK. In addition, Mr. Nesbitt is also an experienced investor, having previously worked as a partner and portfolio manager for Craton Capital Pty Limited, a global precious metals mining fund with over $400 million of assets under management investing in exploration and pre-development assets. Mr. Nesbitt was the previous Chief Executive Officer of Resource Mining Corporation Limited, an ASX Listed Metals and Mining exploration company focused on Nickel and Lithium exploration. He is a Director of AIM listed RiverFort Global Capital Plc, a specialist provider of financing to junior companies, personally completing more than $150 million of capital allocation. Mr. Nesbitt has exceptional expertise and experience in identifying, progressing, and qualifying projects of significance, particularly in battery metals. Mr. Holmes will step down as CEO on 2 October 2023, but will remain with the company during a handover period until 6 October 2023. Announcement • Jul 21
Australian Mines Limited Announces Resignation of Les Guthrie as Director Australian Mines Limited announced that, due to other work commitments, Les Guthrie has resigned as a director effective 18 July 2023. New Risk • Jul 06
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 24% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.3m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m (AU$39k revenue, or US$26k). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$21.1m market cap, or US$14.1m). Announcement • Jun 27
Australian Mines Limited, Annual General Meeting, Jul 26, 2023 Australian Mines Limited, Annual General Meeting, Jul 26, 2023, at 11:00 E. Australia Standard Time. Agenda: To consider ratification of issues of securities to lind global fund II; to consider and ratification of issues of securities to SBC global investment fund; to consider and approval of issues of securities to lind global fund II; and to consider the approval of issues if securities to SBC global investment fund. Announcement • Jan 13
Australian Mines Limited, Annual General Meeting, Feb 15, 2023 Australian Mines Limited, Annual General Meeting, Feb 15, 2023, at 14:00 E. Australia Standard Time. Agenda: To Ratify of issue of Securities Lind Shares; to Ratify issue of securities SBC Shares; to Ratify issue of Securities Underwriter Options; to approval of issue of Securities Lind Shares; to Approval of issue of Securities Lind Options; to Approval of issue of Securities SBC Shares; to Approval of issue of Securities SBC Options. 