New Risk • Jun 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (AU$49k revenue, or US$34k). Market cap is less than US$10m (AU$10.8m market cap, or US$7.62m). Board Change • May 20
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. 6 non-independent directors. Company Secretary & Director Olive Carton was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 20
Norwest Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million. Norwest Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Board Change • Dec 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. 6 non-independent directors. Company Secretary & Director Olive Carton was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 18
Norwest Minerals Limited, Annual General Meeting, Nov 17, 2025 Norwest Minerals Limited, Annual General Meeting, Nov 17, 2025. Board Change • Aug 18
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. 6 non-independent directors. Company Secretary & Director Olive Carton was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 06
Norwest Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.049723 million. Norwest Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.049723 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 61,748,389
Price\Range: AUD 0.017 Announcement • Apr 30
Norwest Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 4.851195 million. Norwest Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 4.851195 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 300,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 185,119,510
Price\Range: AUD 0.01
Transaction Features: Rights Offering Board Change • Feb 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. 6 non-independent directors. Company Secretary & Director Olive Carton was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 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. 6 non-independent directors. Company Secretary & Director Olive Carton was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 21
Norwest Minerals Limited, Annual General Meeting, Nov 19, 2024 Norwest Minerals Limited, Annual General Meeting, Nov 19, 2024. Announcement • Jul 27
Norwest Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.522 million. Norwest Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.522 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 97,000,000
Price\Range: AUD 0.026
Discount Per Security: AUD 0.00156
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Jul 16
Norwest Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.522 million. Norwest Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.522 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 97,000,000
Price\Range: AUD 0.026
Discount Per Security: AUD 0.00156
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Apr 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% 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 (57% increase in shares outstanding). Revenue is less than US$1m (AU$536 revenue, or US$355). Market cap is less than US$10m (AU$12.4m market cap, or US$8.23m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). New Risk • Feb 27
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% 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 Shares are highly illiquid. Earnings have declined by 10.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$10.3m market cap, or US$6.73m). Announcement • Feb 15
Norwest Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.076 million. Norwest Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.076 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 53,800,000
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 24
Norwest Minerals Limited, Annual General Meeting, Nov 24, 2023 Norwest Minerals Limited, Annual General Meeting, Nov 24, 2023, at 10:30 W. Australia Standard Time. Location: The Celtic Club, 48 Ord Street West Perth Western Australia Australia Agenda: To receive and consider the Annual Financial Statements, the Directors' Report and Audit Report of the Company and its Controlled Entities for the financial period ended 30 June 2023; to consider adoption of Remuneration Report; to consider retirement of director by operation of the constitution and election; and to consider approval of additional 10% placement Capacity. Board Change • Aug 22
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. 5 non-independent directors. Independent Non-Executive Chairman Michael Tilley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% 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$4.4m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.88m market cap, or US$5.99m). Board Change • Nov 16
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. 5 non-independent directors. Independent Non-Executive Chairman Michael Tilley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 16
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. 5 non-independent directors. Independent Non-Executive Chairman Michael Tilley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 05
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. 5 non-independent directors. Independent Non-Executive Chairman Michael Tilley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 12
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. 5 non-independent directors. Independent Non-Executive Chairman Michael Tilley was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 08
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. CEO & Director Charles Schaus was the last 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. Recent Insider Transactions • Feb 03
Non-Executive Director recently bought AU$300k worth of stock On the 29th of January, Yew Fei Chee bought around 3m shares on-market at roughly AU$0.10 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$800k more in shares than they have sold in the last 12 months. 
