New Risk • Jun 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% 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 (50% increase in shares outstanding). Revenue is less than US$1m (AU$78k revenue, or US$55k). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$39.6m market cap, or US$28.0m). Board Change • May 20
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 Director Darren Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 14
Ordell Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.000001 million. Ordell Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 7.000001 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,111,112
Price\Range: AUD 0.63
Discount Per Security: AUD 0.0378
Transaction Features: Subsequent Direct Listing Board Change • May 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 Director Darren Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
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 Director Darren Gordon was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 07
Ordell Minerals Limited, Annual General Meeting, Nov 26, 2025 Ordell Minerals Limited, Annual General Meeting, Nov 26, 2025. Announcement • Jul 18
Ordell Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.85 million. Ordell Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.85 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,323,529
Price\Range: AUD 0.34
Discount Per Security: AUD 0.0204
Transaction Features: Subsequent Direct Listing Announcement • Apr 02
Ordell Minerals Limited Announces Significant Assay Results from Recent Reverse Circulation Drilling At the Barimaia Gold Project Ordell Minerals Limited announced significant assay results from recent Reverse Circulation (RC) drilling at its Barimaia Gold Project ("Barimaia"), located near Mount Magnet in the Murchison region of Western Australia. Key Points: Significant assay results received from recent Reverse Circulation (RC) drilling at the McNabs East Prospect, part of the Barimaia Gold Project in Western Australia, including: 17m @ 2.25g/t Au from 86m 25BARC116 - 10m @ 4.24g/t Au from 44m 25BARC114 - 19m @ 1.60g/t Au from 25m 25BARC110 - 5m @ 4.77g/t Au from 45m 25BARC109 - 11m @ 1.40g/t Au from 10m 25BARC113 - 9m @ 1.42g/t Au from 87m 25BARC112 - 9m @ 1.57g/t Au from 74m 25BARC126 - 5m @ 1.95g/t Au from 25m 25BARC111. Extensive zone of gold mineralisation now defined at shallow depths on the western side of McNabs East, which remains open along strike and is untested at depth. High-grade gold mineralisation strikes in an ENE orientation, plunging shallowly to the east with mineralisation confirmed near surface. Infill and extensional RC and diamond drilling completed during March, with results pending for a number of holes. Air-core drilling to commence mid-April, aiming to extend the targeted Barimaia host intrusion to over 5km. A total of 41 holes for 4,211m of RC drilling were completed in March as part of an ongoing program to systematically test the currently defined 2.5km strike extent of gold mineralisation at Barimaia at shallow depths. Results reported in this release are from the first 13 holes (25BARC105 to 25BARC116 and 25BARC126) of the program and continue to confirm shallow, open pit potential, with a coherent zone of gold mineralisation now being defined on the western side of the McNabs East Prospect within an extensive gold system that remains open along strike and is untested at depth. Drilling completed on section 585,590E returned significant zones of gold mineralisation in 25BARC116 (17m @ 2.25g/t Au from 86m) and 25BARC114 (10m @ 4.24g/t Au from 44m). The intercept of 19m @ 1.60g/t Au from 25m returned in 25BARC110 on section 585,490E confirms significant near-surface gold mineralisation. Gold mineralisation is interpreted to plunge shallowly to the east, striking east-northeast on the western side of McNabs East. Ordell's exploration at Barimaia is targeting new discoveries of a similar style to the Eridanus deposit, which forms part of Ramelius Resources' Mount Magnet gold mining operations. Eridanus lies approximately 6km north-west of Barimaia and hosts a current Mineral Resource Estimate of 21Mt @ 1.7g/t Au for 1,200,000oz of contained gold1, with an additional +300,000 ounces of gold already mined from the open pit. Drilling Summary: A total of 41 holes for 4,211m of RC drilling was completed in March as part of an ongoing program to systematically test the currently defined 2.5km strike extent of gold mineralisation at Barimaia at shallow depths with drilling focused on the McNabs East Prospect. The results reported in the announcement are from the first 13 holes (25BARC105 to 25BARC116 and 25BARC126) of the program. All holes were drilled at -600 towards MGA north targeting both the western side and eastern side of the McNabs East Prospect. Ordell has completed a total of 103 holes for 9,875m of RC drilling since it first commenced exploration at Barimaia in late July 2024. All drilling has targeted the interpreted felsic intrusion host rocks which have been defined by previous explorers in an east-to-ENE orientation from west of the McNabs Prospect to east of the Furnace Prospect. Drilling on the western side of the McNabs East Prospect intersected wide zones of shallow gold mineralisation in a number of holes, with mineralisation hosted by a felsic intrusion which is interpreted to be of granodiorite composition. Drilling completed on section 585,590E (see Figures 1 to 3) returned significant zones of gold mineralisation in 25BARC116 (17m @ 2.25g/t Au from 86m) and 25BARC114 (10m @ 4.24g/t Au from 44m). The intercept of 19m @ 1.60g/t Au from 25m returned in 25BARC110 on section 585,490E confirms significant near-surface gold mineralisation. The drilling completed on the western side of the McNabs East Prospect supports an interpretation of a significant zone of gold mineralisation which plunges shallowly to the east, striking ENE and dipping to the south and open along strike. Mineralisation is characterised by moderate (to locally strong overprinting) sericite and biotite alteration, moderate foliation, disseminated and veinlets of pyrite and quartz pyrite veining/veinlets. Upcoming Exploration: Exploration at Barimaia in the June 2025 Quarter will comprise: Air-core drilling further to the east and north of the currently defined mineralisation at the McNabs Prospects; Further RC and diamond drilling centred on the McNabs East Prospect, with drilling to be finalised on receipt of all outstanding assays; and First pass RC drilling to follow-up potential intrusion-hosted gold anomalies defined by air-core drilling. New Risk • Nov 04
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 29% 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 (29% average weekly change). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (AU$19.3m market cap, or US$12.7m). Announcement • Oct 08
Ordell Minerals Limited, Annual General Meeting, Nov 26, 2024 Ordell Minerals Limited, Annual General Meeting, Nov 26, 2024. 
