Announcement • Apr 02
Clara Resources Australia Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.1 million. Clara Resources Australia Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00028
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00028
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Nov 14
Clara Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.272443 million. Clara Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.272443 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 424,147,527
Price\Range: AUD 0.003
Discount Per Security: AUD 0.00021
Transaction Features: Rights Offering Announcement • Oct 21
Clara Resources Australia Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.272443 million. Clara Resources Australia Ltd has filed a Follow-on Equity Offering in the amount of AUD 1.272443 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 424,147,527
Price\Range: AUD 0.003
Discount Per Security: AUD 0.00021
Transaction Features: Rights Offering Announcement • Oct 01
Clara Resources Australia Ltd, Annual General Meeting, Nov 12, 2025 Clara Resources Australia Ltd, Annual General Meeting, Nov 12, 2025. Location: brisbane, Australia Announcement • Aug 18
Clara Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.6 million. Clara Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 76,666,667
Price\Range: AUD 0.003
Discount Per Security: AUD 0.00018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 123,333,333
Price\Range: AUD 0.003
Discount Per Security: AUD 0.00018
Transaction Features: Subsequent Direct Listing Announcement • Jun 16
Clara Resources Australia Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.6 million. Clara Resources Australia Ltd has filed a Follow-on Equity Offering in the amount of AUD 0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 76,666,667
Price\Range: AUD 0.003
Discount Per Security: AUD 0.00018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 123,333,333
Price\Range: AUD 0.003
Discount Per Security: AUD 0.00018
Transaction Features: Subsequent Direct Listing Announcement • Apr 03
Clara Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.325432 million. Clara Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.325432 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00042
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,251,406
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00042
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,250,346
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00042
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,403,555
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00042
Transaction Features: Rights Offering; Subsequent Direct Listing Announcement • Mar 11
Clara Resources Australia Limited Announces Resignation of Mr. Nick Mather as Director Clara Resources Australia Limited advised that Mr. Nick Mather has resigned as Director of Clara, effective immediately. The Board of Clara thanks Mr. Mather for his service to the Company. Mr. Mather has been a non-executive director since December 2006, a period of significant change in the Company. Announcement • Mar 10
Clara Resources Australia Ltd Announces Resignation of Brian Moller as Director Clara Resources Australia Ltd. announced that Mr. Brian Moller has resigned as Director of Clara, effective immediately. Mr. Moller was the founding chairman, and lead the Company through the IPO and several corporate transactions, including the acquisition of the Ashford Coal project. Board Change • Feb 04
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. 4 non-independent directors. Independent, Non-Executive Chairman of the Board Richard Willson was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 22
Clara Resources Australia Ltd Receive a Notice from Peter Fitzgerald On January 21, 2025, Clara Resources Australia Ltd announced that it had received a notice from Peter Fitzgerald, Helen Fitzgerald and Alber Alloo as joint shareholders of the Company as trustees of Tawny Tussock Trust under Section 249D of the Corporations Act and requests the Company to call and arrange to hold a general meeting of the Company to consider resolutions as Nicholas Mather and Brian Moller be removed as a Director of the Company. Announcement • Dec 18
Clara Resources Australia Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.11 million. Clara Resources Australia Ltd has filed a Follow-on Equity Offering in the amount of AUD 2.11 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 70,000,000
Price\Range: AUD 0.006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 153,333,333
Price\Range: AUD 0.006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 128,333,333
Price\Range: AUD 0.006
Transaction Features: Rights Offering; Subsequent Direct Listing Announcement • Dec 16
Clara Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.313588 million. Clara Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.313588 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,707,447
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,651,400
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Rights Offering Announcement • Nov 29
Clara Resources Limited Announces Executive Changes Clara Resources Limited announced the resignation of John Haley, Company Secretary, effective 30 November 2024. The Company has appointed Mr. Peter Harding-Smith as Company Secretary effective from 1 December 2024. Mr. Harding-Smith is an experienced Company Secretary and Chief Financial Officer in the public company space. He is currently CFO/CoSec for ASX-listed Greenvale Resources Ltd. and Litchfield Minerals Ltd. Announcement • Oct 11
Clara Resources Australia Ltd Announces Board Changes Clara Resources Australia Ltd. announced changes to the membership and roles on the Board of Directors. The appointment of Non-Executive Director Mr. Richard Willson as Independent, Non-Executive Chairman of the Board, with immediate effect. Mr. Brian Moller will step down as Chairman and remain as Non-Executive Director, with immediate effect. The appointment of CEO Peter Westerhuis to the board as Managing Director of Clara, with immediate effect. The appointment of Mr. Alexander Fitzgerald as Non-Executive Director. Mr. Fitzgerald is the Principal of Yarranabbe Capital, a Dunedin (NZ) based investment company. Yarranabbe was introduced to Clara earlier this year when assisting with financial solutions enabling the completion of the Renison Coal acquisition. Mr. Fitzgerald's appointment to the board will follow his completion of the requisite Australian public company Director' registration. Mr. Willson is an experienced, Non-Executive Director, Company Secretary and CFO with more than 20 years' experience predominantly within the mining, technology and agricultural sectors for both publicly listed and private companies. Richard is a Non-Executive Director of Titomic Limited (ASX:TTT), Clara Resources Limited, Orpheus Uranium Limited, MedTEC Holdings Limited, and Unity Housing Company Ltd; and Company Secretary of a number of ASX Listed Companies. Richard is the Chairman of the Audit Committee of Titomic Limited, Clara Resources Limited, and Unity Housing Company, and is the Chairman of the Remuneration & Nomination Committee of Titomic Limited. He has previously been Chairman, Non-Executive Director, and Company Secretary of numerous ASX listed companies. Peter is a very experienced mining executive with strategic, operational, commercial and corporate experience in Australia and internationally. For the last 20 years Peter has held senior executive roles, principally focused on resource development, operations turnarounds and business growth. Previously Peter was CEO of Batchfire Resources, who own and operate the Callide Mine in Central Queensland and CEO of Ensham Resources, who own and operate the Ensham open-cut and underground coal mines in Central Queensland. Peter has also consulted extensively for mining companies in Australia, PNG, South Africa and Chile. Peter is currently Non-Executive Chair of Bathurst Resources Ltd., New Zealand's largest coal producer and exporter. Mr. Fitzgerald is a director of Yarranabbe Capital, a deep value fund and family office. Yarranabbe invests across natural resource equities, credit and private equity. Under Mr. Fitzgerald's management net assets have grown at 18.9% rate of return. Previously Mr. Fitzgerald held investment management & corporate finance roles at Myer Family Co & The Foodco Group. With 10 years' experience in funds and family office management Mr. Fitzgerald has a track record of unlocking shareholder value via active company engagement. Announcement • Sep 03
Clara Resources Australia Ltd, Annual General Meeting, Nov 13, 2024 Clara Resources Australia Ltd, Annual General Meeting, Nov 13, 2024. Announcement • Aug 28
Clara Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.62 million. Clara Resources Australia Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.62 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,666,667
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Transaction Features: Subsequent Direct Listing Announcement • Jul 17
Clara Resources Australia Ltd (ASX:C7A) completed the acquisition of remaining 60% stake in Renison Coal Pty Ltd from Savannah Goldfields Limited (ASX:SVG). Clara Resources Australia Ltd (ASX:C7A) agreed to acquire remaining 60% stake in Renison Coal Pty Ltd from Savannah Goldfields Limited (ASX:SVG) for a consideration of AUD 4.1 million on February 14, 2024. The definitive agreement has been signed on May 3, 2024. Prior to the transaction, Clara Resources Australia Ltd (ASX:C7A) held 40% in Renison Coal Pty Ltd. The consideration consists of AUD 3.06 million in cash, AUD 0.8 million as earnout payment and 11.1 million Clara Shares. The transaction is subject to the approval of Clara Resources Australia Ltd shareholders. The transaction is expected to close on April 30, 2024. As of April 4, 2024, the transaction has been approved by shareholders of Clara Resources. As on July 2, 2024 The expected completion date has been extended to July 10, 2024 and consideration of AUD 4.26 million in cash has to be paid and Clara Resources Australia Ltd to issue 11.1 million shares to Savannah Goldfields Limited. As on July 11, 2024 the expected completion date has been extended to July 16, 2024.
Clara Resources Australia Ltd (ASX:C7A) completed the acquisition of remaining 60% stake in Renison Coal Pty Ltd from Savannah Goldfields Limited (ASX:SVG) on July 17, 2024. Board Change • Jul 01
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. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Richard Willson was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 20
Spero Mining Pty Ltd acquired Granville Tin Project from Clara Resources Australia Ltd (ASX:C7A). Spero Mining Pty Ltd executed binding term sheet to acquire Granville Tin Project from Clara Resources Australia Ltd (ASX:C7A) for AUD 0.02 million on March 26, 2024. The sale was completed for 0.02 million, of which AUD 0.05 million been paid with the balance payable at settlement. The transaction is subject to the obtainment of regulatory approval. The deal is expected to complete on April 17, 2024.Spero Mining Pty Ltd completed the acquisition of Granville Tin Project from Clara Resources Australia Ltd (ASX:C7A) on April 18, 2024. Board Change • Mar 28
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. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Richard Willson was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Mar 26
An undisclosed buyer agreed to acquire Tenstar Mining Pty Ltd for AUD 0.02 million. Spero Mining Pty Ltd agreed to acquire Tenstar Mining Pty Ltd from Clara Resources Australia Ltd (ASX:C7A) for AUD 0.02 million on March 26, 2024. The transaction is subject to regulatory approval. Board Change • Mar 06
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. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Richard Willson was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Feb 16
Clara Resources Australia Ltd (ASX:C7A) agreed to acquire 60% stake in Renison Coal Pty Ltd from Savannah Goldfields Limited (ASX:SVG) for a consideration of A$ Clara Resources Australia Ltd (ASX:C7A) agreed to acquire 60% stake in Renison Coal Pty Ltd from Savannah Goldfields Limited (ASX:SVG) for a consideration of AUD on February 15, 2024. Prior to the transaction, Clara Resources Australia Ltd (ASX:C7A) held 40% in Renison Coal Pty Ltd. The consideration consists of AUD2.375 million in cash, AUD1.485 million as earnout payment and 11.1 million Clara Shares. The transaction is subject to the approval of Clara Resources Australia Ltd shareholders. The transaction is expected to close on April 30, 2024. Board Change • Jan 05
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. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Richard Willson was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 12
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. No experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Richard Willson was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 01
Clara Resources Australia Ltd Announces Resignation of Non-Executive Director, Brad Gordon, Effective from 31 October 2023 Clara Resources Australia Ltd. announces of the resignation of Non-Executive Director Mr. Brad Gordon, effective from 31 October 2023. Board Change • Oct 31
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. 4 non-independent directors. Non-Executive Director Brad Gordon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 26
Clara Resources Australia Ltd, Annual General Meeting, Nov 27, 2023 Clara Resources Australia Ltd, Annual General Meeting, Nov 27, 2023. New Risk • Sep 23
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. Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m (AU$28k revenue, or US$18k). Market cap is less than US$10m (AU$5.29m market cap, or US$3.41m). Minor Risk Shareholders have been diluted in the past year (37% increase in shares outstanding). Board Change • Sep 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. 4 non-independent directors. Non-Executive Director Brad Gordon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 03
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. 4 non-independent directors. Non-Executive Director Brad Gordon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 04
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. 4 non-independent directors. Non-Executive Director Brad Gordon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 06
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. 4 non-independent directors. Non-Executive Director Brad Gordon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 23
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. 4 non-independent directors. Non-Executive Director Brad Gordon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 03
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. 4 non-independent directors. Non-Executive Director Brad Gordon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 14
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. 4 non-independent directors. Non-Executive Director Brad Gordon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 29
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. 4 non-independent directors. Non-Executive Director Brad Gordon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 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. 4 non-independent directors. Non-Executive Director Brad Gordon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 24
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. 4 non-independent directors. Non-Executive Director Brad Gordon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 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. 4 non-independent directors. Non-Executive Director Brad Gordon was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.