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 Dan Smith was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 28
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 (38% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (AU$11k revenue, or US$7.4k). Market cap is less than US$10m (AU$13.7m market cap, or US$9.19m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Board Change • Dec 24
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 Dan Smith was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 12
Nelson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.25 million. Nelson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 541,666,667
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Sep 19
Nelson Resources Limited, Annual General Meeting, Nov 26, 2025 Nelson Resources Limited, Annual General Meeting, Nov 26, 2025. Board Change • Feb 04
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Dan Smith is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Dec 05
Nelson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.3 million. Nelson Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 66,666,666
Price\Range: AUD 0.0015
Discount Per Security: AUD 0.00009
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,466,666,667
Price\Range: AUD 0.0015
Discount Per Security: AUD 0.00009
Security Features: Attached Options Announcement • Nov 22
Nelson Resources Limited Elects Gernot Abl as Director Nelson Resources Limited at its AGM held on November 22, 2024, approved election of Director Gernot Abl. Announcement • Oct 03
Nelson Resources Limited Announces Board Changes Nelson Resources Limited announced the appointment of Mr. Gernot Abl as Non-Executive Chairman of the Board. Mr. Abl has a background in law, corporate finance, and strategic consulting and has more than 20 years of entrepreneurial, business strategy, and investment experience. Mr. Abl has worked with many early-stage businesses, across industries, to help commercialise, grow, and increase the value of the business for all stakeholders. Mr. Abl is currently a Director of Lithium Universe Limited, DorsaVi and Peako Limited. Concurrently, Mr. Peter Bird resigns as Non-Executive Chairman and director of the Company. Reported Earnings • Oct 01
Full year 2024 earnings released: AU$0.01 loss per share (vs AU$0.003 loss in FY 2023) Full year 2024 results: AU$0.01 loss per share (further deteriorated from AU$0.003 loss in FY 2023). Net loss: AU$6.40m (loss widened 390% from FY 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. New Risk • Sep 28
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 Less than 1 year of cash runway based on free cash flow trend (-AU$975k free cash flow). Shares are highly illiquid. Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m (AU$15k revenue, or US$11k). Market cap is less than US$10m (AU$1.84m market cap, or US$1.27m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Announcement • Sep 25
Nelson Resources Limited, Annual General Meeting, Nov 20, 2024 Nelson Resources Limited, Annual General Meeting, Nov 20, 2024. Board Change • Sep 03
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Dan Smith is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Mar 11
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Dan Smith is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Dec 29
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Dan Smith is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Oct 30
Nelson Resources Limited, Annual General Meeting, Nov 30, 2023 Nelson Resources Limited, Annual General Meeting, Nov 30, 2023, at 09:00 W. Australia Standard Time. Location: Minerva Corporate, Level 8, 99 St Georges Terrace Perth Western Australia Australia Agenda: To receive and consider the Annual Report of the Company for the financial year ended on 30 June 2023; to consider and approve the remuneration report; to consider and approve the election of Director; to consider ratification of shares; to consider and approve of 10% Placement Facility; and to consider and approve the board spill meeting resolution. Reported Earnings • Sep 29
Full year 2023 earnings released: AU$0.003 loss per share (vs AU$0.01 loss in FY 2022) Full year 2023 results: AU$0.003 loss per share (improved from AU$0.01 loss in FY 2022). Net loss: AU$1.31m (loss narrowed 44% from FY 2022). Reported Earnings • Mar 17
First half 2023 earnings released: AU$0.002 loss per share (vs AU$0.008 loss in 1H 2022) First half 2023 results: AU$0.002 loss per share (improved from AU$0.008 loss in 1H 2022). Net loss: AU$708.4k (loss narrowed 49% from 1H 2022). Board Change • Jan 24
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Dan Smith is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Oct 01
Full year 2022 earnings released: AU$0.01 loss per share (vs AU$0.024 loss in FY 2021) Full year 2022 results: AU$0.01 loss per share (improved from AU$0.024 loss in FY 2021). Net loss: AU$2.32m (loss narrowed 25% from FY 2021). Board Change • May 31
High number of new directors Independent Non-Executive Director Jonathan Shellabear was the last director to join the board, commencing their role in 2022. Board Change • Apr 28
High number of new directors Non-Executive Director Jonathan Shellabear was the last director to join the board, commencing their role in 2022. Board Change • Apr 01
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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Warren Hallam was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 17
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.008 loss per share (up from AU$0.009 loss in 1H 2021). Revenue: AU$347.7k (up AU$336.8k from 1H 2021). Net loss: AU$1.38m (loss widened 30% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Board Change • Mar 02
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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Warren Hallam was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jan 28
Insider recently sold AU$101k worth of stock On the 25th of January, Maosen Zhong sold around 4m shares on-market at roughly AU$0.028 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought AU$850k more than they sold in the last 12 months. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.024 loss per share (vs AU$0.015 loss in FY 2020) Full year 2021 results: Net loss: AU$3.10m (loss widened 328% from FY 2020). Recent Insider Transactions • May 09
Insider recently bought AU$951k worth of stock On the 5th of May, Maosen zhong bought around 11m shares on-market at roughly AU$0.089 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 19
First half 2021 earnings released: AU$0.009 loss per share (vs AU$0.009 loss in 1H 2020) First half 2021 results: Net loss: AU$1.06m (loss widened 146% from 1H 2020). 
