New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (114% increase in shares outstanding). Revenue is less than US$1m (AU$328k revenue, or US$235k). Market cap is less than US$10m (AU$10.1m market cap, or US$7.21m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Board Change • May 20
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 Bill Marmion was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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 Bill Marmion was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 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 Bill Marmion was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 24
Tambourah Metals Limited, Annual General Meeting, Nov 25, 2025 Tambourah Metals Limited, Annual General Meeting, Nov 25, 2025. Location: at level 1, suite 9 110 hay street, subiaco, wa 6008, Australia Announcement • Oct 09
Tambourah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Tambourah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,294,118
Price\Range: AUD 0.085
Discount Per Security: AUD 0.0051
Transaction Features: Subsequent Direct Listing Board Change • Aug 18
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 Bill Marmion was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 03
Tambourah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.58 million. Tambourah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.58 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 29,000,000
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Feb 04
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 Bill Marmion was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 19
Tambourah Metals Limited (ASX:TMB) agreed to acquire 80% stake in Speewah Project from Baracus Pty Ltd for AUD 0.17 million. Tambourah Metals Limited (ASX:TMB) agreed to acquire 80% stake in Speewah Project from Baracus Pty Ltd for AUD 0.17 million on December 18, 2024. Tambourah Metals Limited will pay an earnout/contingent payment of AUD 0.18 million by issuing 7 million common equity shares.
The transaction is subject to approval of offer by acquirer shareholders. Announcement • Nov 02
Tambourah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.563073 million. Tambourah Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.563073 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,357,071
Price\Range: AUD 0.035
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,730,719
Price\Range: AUD 0.035
Security Features: Attached Options
Transaction Features: Rights Offering Announcement • Oct 04
Tambourah Metals Limited, Annual General Meeting, Nov 06, 2024 Tambourah Metals Limited, Annual General Meeting, Nov 06, 2024. Location: at level 1, suite 9 110 hay street, subiaco, wa 6008 Australia New Risk • Oct 02
New major risk - Revenue and earnings growth Earnings have declined by 62% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 62% per year over the past 5 years. Revenue is less than US$1m (AU$154k revenue, or US$106k). Market cap is less than US$10m (AU$3.14m market cap, or US$2.16m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). 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$255k revenue, or US$177k). Market cap is less than US$10m (AU$3.46m market cap, or US$2.40m). 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 (11% increase in shares outstanding). New Risk • Sep 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% 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 Revenue is less than US$1m (AU$255k revenue, or US$170k). Market cap is less than US$10m (AU$2.96m market cap, or US$1.97m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Announcement • Aug 23
Tambourah Metals Limited Appoints William (Bill) Clayton as Director Tambourah Metals Limited announced that William (Bill) Clayton has been appointed as a director of the Company. Mr. Clayton is a geologist with over 30 years experience comprising mineral exploration, pre-development studies, resource evaluation and project acquisition/divestment. Mr. Clayton holds Masters degrees in geology and business and is a member of the Australian Institute of Geoscientists and an associate member of the AusIMM. Mr. Clayton been directly involved in nickel and gold discoveries and has worked in management positions on exploration projects throughout Australia and East Africa for multiple commodities. Mr. Clayton was formerly founding Managing Director of Lodestar Minerals Limited. New Risk • Aug 08
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 16% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$3.4m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Revenue is less than US$1m (AU$255k revenue, or US$167k). Market cap is less than US$10m (AU$3.32m market cap, or US$2.18m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). New Risk • Mar 15
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$3.4m 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$3.4m free cash flow). Revenue is less than US$1m (AU$255k revenue, or US$168k). Market cap is less than US$10m (AU$7.96m market cap, or US$5.24m). Minor Risk Shareholders have been diluted in the past year (21% increase in shares outstanding). Announcement • Nov 24
Tambourah Metals Limited Announces Completion Contract of Ralf Kriege as CEO Tambourah Metals Limited announced Ralf Kriege has completed his contract as CEO and finished on 21 November 2023. The company has commenced the recruitment process to fill the role of CEO. Announcement • Nov 01
Tambourah Metals Limited Announces Resignation of Chris Ramsay as Non-Executive Director Tambourah Metals Ltd. (TMB) announced that non-executive director Chris Ramsay has resigned as a director of the Company. Chris has been a director since June 2021. Date that director ceased to be director is 31 October 2023. Announcement • Oct 31
Tambourah Metals Limited, Annual General Meeting, Nov 29, 2023 Tambourah Metals Limited, Annual General Meeting, Nov 29, 2023, at 09:30 W. Australia Standard Time. Location: The Grevillea Room, Rendezvous Hotel Perth Central 24 Mount Street Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023; to consider and approve the remuneration report; to consider and approve the election of Director; and to consider and approve to issue of Performance rights. Announcement • Oct 24
Tambourah Metals Limited Announces Appointment of William (Bill) Marmion as Non-Executive Director Tambourah Metals Limited announced that William (Bill) Marmion has been appointed as a non-executive director of the Company from 24 October 2023 Mr. Marmion holds a Bachelor of Engineering (UWA) and a Master of Business Administration (UWA). Mr. Marmion was a State Minister for 6 years in the WA Government between 2010 and 2016, holding the portfolios of State Development, Mines and Petroleum, Transport, and Environment. He was ultimately responsible for the delivery of projects within these areas and for enforcement of the relevant Acts of Parliament. He has 24 years delivering infrastructure projects as an engineer within State Government Agencies, 6 years developing the business cases and Cabinet approvals of major State Government projects and 6 years as a Minister driving projects through Cabinet and Parliamentary approvals processes. In 2020, Mr. Marmion was the Deputy Leader of the Opposition (Western Australia). He also held Shadow Ministerial Positions (2017-2020) including Shadow Minister for Mines and Petroleum, Local Government, Defence Issues and Science. Prior to entering parliament Mr. Marmion was a partner in a small consulting business producing financial business cases for large infrastructure projects and land developments. Announcement • Oct 06
Tambourah Metals Limited Announces Resignation of Ralf Kriege as Chief Executive Officer Tambourah Metals Limited announced that the resignation of Ralf Kriege as Chief Executive Officer. Announcement • Sep 01
Tambourah Metals Limited Announces Resignation of Non-Executive Director, Peter Batten Tambourah Metals Limited announced that non-executive director Peter Batten has resigned as a director of the Company. Peter will commence new full time work commitments with another exploration company. He has been a director of Tambourah Metals since August 2022. Date that director ceased to be director is 31 August 2023. Announcement • Aug 17
Tambourah Metals Hires Wayne Richards to Board Tambourah Metals (TMB) has appointed Wayne Richards to the Board. Mr. Richards appointment strengthens and enhances the technical and corporate experience of the board and management team, as the Company actively advances exploration programs and studies within its portfolio of exploration tenements in the Tier 1 mineral province of the Pilbara, Western Australia. Mr. Richards has over 37 years of study execution, project development, mining, mineral processing and corporate financing experience within the resource and mining service sectors. He has performed executive and non-executive roles with ASX and JSE listed companies and has fulfilled senior executive roles with BHP and Anaconda Nickel. He has held non-executive directorships with both listed companies and Joint Ventures. He has fulfilled the roles of Managing Director and Chief Executive Officer of Burley Minerals Ltd, and Executive Chairman and CEO of Tawana Resources. As Managing Director of Brockman Resources, Mr. Richards was instrumental in the development of the Marillana Iron Ore Project to a Market Capitalisation of circa AUD 970 million. More recently, Mr. Richards has worked within the Lithium exploration and project development phases of Burley Minerals Limited. Mr. Richards will provide support towards the development of the recently acquired Minrex tenements (MRR) and will assist with the advancement of the strategic partnership with SQM on the Company's Lithium and critical minerals' tenements in the Julimar district of Western Australia. Announcement • Jul 04
Tambourah Metals Limited (ASX:TMB) agreed to acquire 6 Eastern Pilbara tenements from MinRex Resources Limited (ASX:MRR) for approximately AUD 0.15 million. Tambourah Metals Limited (ASX:TMB) agreed to acquire 6 Eastern Pilbara tenements from MinRex Resources Limited (ASX:MRR) for approximately AUD 0.15 million on July 3, 2023. Board Change • Apr 06
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). Executive Chairman of the Board Rita Brooks is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Chris Ramsay was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.