New Risk • May 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.2m (US$9.42m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$5.3m free cash flow). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m (AU$76k revenue, or US$54k). Market cap is less than US$10m (AU$13.2m market cap, or US$9.42m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Board Change • May 20
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. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 01
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. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 24
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. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 28
Kalgoorlie Gold Mining Limited, Annual General Meeting, Nov 27, 2025 Kalgoorlie Gold Mining Limited, Annual General Meeting, Nov 27, 2025. Location: subiaco business centre, suite 5, 531 hay street subiaco western australia, Australia Board Change • Aug 18
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. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 25
Kalgoorlie Gold Mining Limited Completes First Reverse Circulation Drill Program At the Lighthorse Gold Prospect Kalgoorlie Gold Mining Limited safely and successfully completed the first reverse circulation (RC) drill program at the Lighthorse gold prospect. The program was completed despite rain events and groundwater inflows which slowed progress. All samples were delivered to the laboratory in Kalgoorlie on the weekend. All 16 planned drill holes were completed for a total of 2,446 m. The deepest hole extended to 222 m downhole. The drill program extended over three 100 m-spaced lines centred on the high-grade aircore discovery intercepts and is expected to define the three-dimensional distribution of gold mineralisation in the subsurface at Lighthorse. With laboratory gold assays being fast-tracked, the Company looks forward to reporting results and a detailed geological interpretation as soon as possible. Upcoming aircore drill program to test possible strike extents of gold mineralisation at Lighthorse is on track to commence immediately after the Easter break (18-21 April 2025). Focus will be to follow the Laverton Tectonic Zone structure and stratigraphy, where strike extensions are untested to the north and ineffectively tested to the south. Announcement • Mar 19
Kalgoorlie Gold Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million. Kalgoorlie Gold Mining 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: 66,666,669
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Mar 13
Kalgoorlie Gold Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 4 million. Kalgoorlie Gold Mining 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: 66,666,667
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Transaction Features: Subsequent Direct Listing New Risk • Oct 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 72% 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 Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Revenue is less than US$1m (AU$9.5k revenue, or US$6.4k). Market cap is less than US$10m (AU$6.49m market cap, or US$4.35m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Oct 03
Kalgoorlie Gold Mining Limited, Annual General Meeting, Nov 29, 2024 Kalgoorlie Gold Mining Limited, Annual General Meeting, Nov 29, 2024. New Risk • Sep 30
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 (AU$9.1k revenue, or US$6.3k). Market cap is less than US$10m (AU$5.31m market cap, or US$3.68m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (41% increase in shares outstanding). Announcement • Sep 06
Kalgoorlie Gold Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.601999 million. Kalgoorlie Gold Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.601999 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,153,822
Price\Range: AUD 0.026
Security Features: Attached Options New Risk • Aug 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% 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 (18% average weekly change). Revenue is less than US$1m (AU$9.1k revenue, or US$6.0k). Market cap is less than US$10m (AU$4.75m market cap, or US$3.12m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Board Change • Feb 03
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. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 31
Kalgoorlie Gold Mining Limited Announces Resignation of Carmel Mckenzie as Board of Director Kalgoorlie Gold Mining has reported that founding non-executive director, Carmel McKenzie, has resigned from the board of directors effective from close of business January 29, 2024. Ms. McKenzie has advised that her full-time commitment to her busy, Kalgoorlie-based legal practice means that she is unable to continue with the responsibilities of a non-executive director. Announcement • Oct 25
Kalgoorlie Gold Mining Limited, Annual General Meeting, Nov 22, 2023 Kalgoorlie Gold Mining Limited, Annual General Meeting, Nov 22, 2023, at 10:30 W. Australia Standard Time. Location: Level 1, Suite 9110 Hay Street, Subiaco Western Australia Australia Agenda: To receive and consider the Annual Report of the Company for the year ended 30 June 2023, which includes the Financial Report, the Directors' Report (including the Remuneration Report) and the Auditor's Report; to consider the Adoption of Remuneration Report; to consider the Approval of 10% Placement Capacity; to consider the Approval to issue Bonus Shares to Matthew Painter; and to discuss other matters. New Risk • Jul 08
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$3.6m free cash flow). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.57m market cap, or US$3.06m). Minor Risk Less than 3 years of financial data is available. New Risk • Jun 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.6m free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (AU$3.23m market cap, or US$2.17m). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (25% increase in shares outstanding). 
