Announcement • May 19
NT Minerals Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 0.968722 million. NT Minerals Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 0.968722 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 484,361,166
Price\Range: AUD 0.002
Transaction Features: Rights Offering Announcement • Apr 13
NT Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.968722 million. NT Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.968722 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 484,361,166
Price\Range: AUD 0.002
Transaction Features: Rights Offering Board Change • Dec 31
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Roy Jansan is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Oct 09
NT Minerals Limited, Annual General Meeting, Nov 27, 2025 NT Minerals Limited, Annual General Meeting, Nov 27, 2025. Board Change • Aug 18
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Roy Jansan is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Apr 16
NT Minerals Limited Announces Resignation of Hugh Thomas as Non-Executive Director, Effective April 16, 2025 NT Minerals Limited advised that Mr. Hugh Thomas, Non-Executive Director, has resigned from the Board of NT Minerals effective immediately. Board Change • Dec 31
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Hugh Thomas is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. New Risk • Oct 01
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 Shares are highly illiquid. Earnings have declined by 20% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$4.07m market cap, or US$2.82m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (27% increase in shares outstanding). Announcement • Sep 27
NT Minerals Limited, Annual General Meeting, Nov 15, 2024 NT Minerals Limited, Annual General Meeting, Nov 15, 2024. Board Change • Jul 22
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Hugh Thomas is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Dec 07
NT Minerals Limited Appoints Mr. Rodney as Managing Director NT Minerals Limited announced Mr. Rodney Illingworth, has been appointed Managing Director. Mr. Illingworth has more than 35 years' experience in the development, production and marketing of complex and remote mining projects in Western Australia, Northern Territory, Queensland and South Australia. More recently, Mr. Illingworth led the development of a world's first in iron ore mining, at the Frances Creek Mine, NT, where waste material is being sorted via a re-programmed plastic sorting system to produce 62% iron ore which is being exported through the Darwin Port. Significant obstacles were overcome during COVID lock-downs to bring this project to market. Mr. Illingworth has been involved in a number of successful capital raisings and has become highly proficient in governmental approvals process expertise. He has also owned and operated several green field projects in conjunction with Indigenous Landowners. Mr. Illingworth has raised in excess of $300m for various projects in the form of Equity and Debt and has brought three mines into commercial production. Mr. Illingworth has been engaged on the following terms: Remuneration $1.00 per annum, Options: 100m $0.02 options expiring 30 June 2025; and 100m $0.04 options expiring 31 December 2027, issued upon exercise of the 30 June 2025 options. Other Costs: Other than overseas travel, which is not anticipated at this stage, all costs incurred will be at the expense of Mr. Illingworth. Board Change • Oct 18
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Hugh Thomas is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Oct 13
NT Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.313044 million. NT Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.313044 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,782,677
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Transaction Features: Subsequent Direct Listing Announcement • Oct 12
NT Minerals Limited, Annual General Meeting, Nov 30, 2023 NT Minerals Limited, Annual General Meeting, Nov 30, 2023. New Risk • Sep 30
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$4.4m 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$4.4m free cash flow). Earnings have declined by 30% per year over the past 5 years. Revenue is less than US$1m (AU$82k revenue, or US$53k). Market cap is less than US$10m (AU$7.21m market cap, or US$4.63m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Announcement • Sep 08
NT Minerals Limited (ASX:NTM) signed a binding agreement to acquire Wollogorang Project from Resolution Minerals Ltd (ASX:RML) for AUD 0.25 million. NT Minerals Limited (ASX:NTM) signed a binding agreement to acquire Wollogorang Project from Resolution Minerals Ltd (ASX:RML) for AUD 0.25 million on September 6, 2023. Under the terms of agreement, NT Minerals Limited will pay the consideration of AUD 250,000 comprising AUD 50,000 cash and AUD 200,000 in shares. The transaction is expected to close within a month. Board Change • Apr 25
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Hugh Thomas is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Apr 27
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Bruce Hooper is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Dec 01
Director Daryl Henthorn has left the company On the 24th of November, Daryl Henthorn's tenure as Director ended after 2.5 years in the role. We don't have any record of a personal shareholding under Daryl's name. A total of 3 executives have left over the last 12 months. Recent Insider Transactions • Nov 24
Insider recently bought AU$58k worth of stock On the 19th of November, Daryl Henthorn bought around 973k shares on-market at roughly AU$0.06 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$322k more in shares than they have sold in the last 12 months. Board Change • Nov 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Director Daryl Henthorn is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • May 08
Non-Executive Chairman recently bought AU$77k worth of stock On the 6th of May, Anthony Kiernan bought around 750k shares on-market at roughly AU$0.10 per share. This was the largest purchase by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Executive Departure • Mar 05
Company Secretary has left the company On the 1st of March, Kelly Moore's tenure as Company Secretary ended after 1.6 years in the role. We don't have any record of a personal shareholding under Kelly's name. Kelly is the only executive to leave the company over the last 12 months. 