Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Himalay Dassani was the last independent director to join the board, commencing their role in 2021. 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 are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Himalay Dassani was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
Alliance Nickel Limited has filed a Follow-on Equity Offering in the amount of AUD 4.15 million. Alliance Nickel Limited has filed a Follow-on Equity Offering in the amount of AUD 4.15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 113,613,557
Price\Range: AUD 0.035
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,957,872
Price\Range: AUD 0.035
Transaction Features: Rights Offering Announcement • Dec 05
Alliance Nickel Limited has filed a Follow-on Equity Offering in the amount of AUD 0.769231 million. Alliance Nickel Limited has filed a Follow-on Equity Offering in the amount of AUD 0.769231 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,384,621
Price\Range: AUD 0.05
Transaction Features: Subsequent Direct Listing Announcement • Sep 16
Alliance Nickel Limited, Annual General Meeting, Nov 12, 2025 Alliance Nickel Limited, Annual General Meeting, Nov 12, 2025. Announcement • Oct 18
Alliance Nickel Limited, Annual General Meeting, Nov 19, 2024 Alliance Nickel Limited, Annual General Meeting, Nov 19, 2024. Location: at cwa house, second floor meeting room, 1176 hay street, west perth wa 6005 Australia New Risk • Feb 26
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$14m 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$14m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 59% per year over the past 5 years. Revenue is less than US$1m (AU$228k revenue, or US$149k). Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (AU$26.1m market cap, or US$17.1m). Announcement • Oct 27
Peter Huston to Retire as Non-Executive Director of Alliance Nickel Limited Alliance Nickel Limited announced that Mr. Peter Huston, non-executive director, has notified the Company of his intention to retire from the Boardfollowing the Company's forthcoming Annual General Meeting on 21 November 2023. Mr. Huston has served as a non-executive director since 17 March 2017. Announcement • Oct 24
Alliance Nickel Limited, Annual General Meeting, Nov 21, 2023 Alliance Nickel Limited, Annual General Meeting, Nov 21, 2023, at 14:00 W. Australia Standard Time. Location: CWA House, Second Floor Meeting Room, 1176 Hay Street Perth Australia 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 Director's report, the Remuneration Report and the auditor's report; to adoption of remuneration report; to re-election of directors; to ratification of prior issue of subscription shares; to approval of 7.10 mandate; and to discuss other matters. New Risk • Oct 06
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 Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (AU$228k revenue, or US$145k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$9.5m). 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$39.9m market cap, or US$25.4m). New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings have declined by 29% 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 Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (AU$228k revenue, or US$147k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$9.5m). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$54.2m market cap, or US$34.9m). Announcement • May 19
Alliance Nickel Ltd. Announces Executive Changes Alliance Nickel Ltd. announced that Mr. David Edwards, Alliance's Chief Financial Officer, has been appointed Company Secretary following the resignation of Mr. Mark Pitts, effective 18 May 2023. Announcement • Jan 25
GME Resources Limited Announces Niwest Nickel-Cobalt Project Update GME Resources Ltd. provided an update on the progress of the Definitive Feasibility Study ("DFS" or the "Study") for the NiWest Nickel Cobalt Project ("NiWest" or the "Project") including key new personnel appointments made in the business. The DFS continues to progress under the management of engineering partner Ausenco. New appointments of leading consultants have been made in key areas to complement and support Ausenco. Specialist North American engineering company EXP has been appointed to carry out engineering design and cost estimation for the acid plant. EXP is a large engineering company with extensive experience in the application of the latest sulphuric acid technology which maximises energy recovery and minimises stack emissions. The acid plant is a critical piece of infrastructure which will produce sulphuric acid for the Heap Leach process by consuming elemental sulphur and in the process, produce steam for power generation. The self-generation of electricity from the acid plant results in NiWest Project having a very low energy intensity (80 MJ/kg Ni), which leads to significant cost and environmental benefits. When benchmarked against other nickel projects globally, this compares well to the 190-211 MJ/kg Ni average identified by the Nickel Institute (2020) and Norgate (2010). Furthermore, EXP's specialist process and chemical knowledge in the design, construction and commissioning of large acid plants will combine well with Ausenco's experience with procurement and construction services in remote Western Australia. Knight Piésold has been appointed to carry out specialised design work for the heap leach area, residue storage facilities and site wide water management structures. Knight Piésold is a globally recognised firm which has worked with many large mining projects in Australia and also has extensive international experience in working globally with Heap Leach projects. Global mining consultancy firm SRK has been appointed to carry out the resource modelling for the Project which will include the Mt Kilkenny, Hepi, Eucalyptus and Wanbanna deposits. Further drilling works will be undertaken under SRK management to convert further Inferred Mining Inventory to Measured and Indicated to supplement the revised Mineral Resource Estimate that they will provide for the DFS. Kirk Mining Consultants have been appointed to carry out mining consultancy services, including mine planning, mine scheduling and Ore Reserve estimation. Kirk Mining Consultants will provide an updated Ore Reserve Statement for the NiWest project as part of the DFS. Rockwater has been appointed to carry out hydrology studies to determine and optimise high quality groundwater sources for the project. Rockwater provides specialist services in groundwater exploration and borefield development, operation and licencing. Recent Insider Transactions • Nov 09
MD & Director recently bought AU$100k worth of stock On the 1st of November, Paul Kopejtka bought around 1m shares on-market at roughly AU$0.084 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Paul's only on-market trade for the last 12 months. Board Change • Sep 21
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Chairman of the Board Peter Sullivan was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
