Board Change • May 20
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 Chairman Peretz Schapiro is the most experienced director on the board, commencing their role in 2025. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 29
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 18% 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 (18% average weekly change). Earnings have declined by 6.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (320% increase in shares outstanding). Revenue is less than US$1m (AU$4.1k revenue, or US$2.8k). Market cap is less than US$10m (AU$12.7m market cap, or US$8.53m). Announcement • Oct 04
Xenora Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1 million. Xenora Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,670,360
Price\Range: AUD 0.16
Discount Per Security: AUD 0.0096
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 985,888
Price\Range: AUD 0.16
Discount Per Security: AUD 0.0096
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 468,750
Price\Range: AUD 0.16
Discount Per Security: AUD 0.0096
Transaction Features: Subsequent Direct Listing Announcement • Sep 08
Trinex Minerals Limited, Annual General Meeting, Nov 27, 2025 Trinex Minerals Limited, Annual General Meeting, Nov 27, 2025. Announcement • Jul 04
Trinex Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Trinex Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 284,000,000
Price\Range: AUD 0.00025
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,716,000,000
Price\Range: AUD 0.00025
Transaction Features: Subsequent Direct Listing Announcement • May 15
Trinex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Trinex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 284,000,000
Price\Range: AUD 0.00025
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,716,000,000
Price\Range: AUD 0.00025
Transaction Features: Subsequent Direct Listing Announcement • Oct 25
Trinex Minerals Limited, Annual General Meeting, Nov 26, 2024 Trinex Minerals Limited, Annual General Meeting, Nov 26, 2024. Location: automic, level 5, 191 st georges terrace, perth wa 6000 Australia Announcement • Oct 16
Trinex Minerals Limited (ASX:TX3) agreed to acquire East Yellowknife Lithium Project from DG Resource Management Ltd. and 507976 N.W.T. Ltd. for AUD 0.19 million. Trinex Minerals Limited (ASX:TX3) agreed to acquire East Yellowknife Lithium Project from DG Resource Management Ltd. and 507976 N.W.T. Ltd. for AUD 0.19 million on October 14, 2024. A cash consideration of AUD 0.09 million will be paid by Trinex Minerals Limited. The consideration consists of common equity of Trinex Minerals Limited having a value of AUD 0.1 million to be issued for assets of East Yellowknife Lithium Project.
The transaction is subject to approval of offer by shareholders of Trinex Minerals Limited New Risk • Sep 24
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$5.3m 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$5.3m free cash flow). Shareholders have been substantially diluted in the past year (181% increase in shares outstanding). Revenue is less than US$1m (AU$114k revenue, or US$78k). Market cap is less than US$10m (AU$5.49m market cap, or US$3.76m). Announcement • Mar 01
Trinex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million. Trinex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 235,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 15,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Transaction Features: Subsequent Direct Listing Board Change • Jan 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Eddie Fry was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 23
Todd River Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.944231 million. Todd River Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4.944231 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 286,300,000
Price\Range: AUD 0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 208,123,077
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing New Risk • Nov 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% 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 Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.44m market cap, or US$5.50m). New Risk • Nov 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% 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 Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.50m market cap, or US$4.85m). Announcement • Nov 16
Todd River Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.863 million. Todd River Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.863 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 286,300,000
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing Board Change • Oct 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Eddie Fry was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 25
Todd River Resources Limited, Annual General Meeting, Nov 24, 2023 Todd River Resources Limited, Annual General Meeting, Nov 24, 2023, at 11:00 W. Australia Standard Time. Location: HLB Mann Judd Level 4, 130 Stirling Street Perth Western Australia Australia Agenda: To consider Adopt Remuneration Report; to consider Re-election of Mr Geoffrey Stuart Crow; to consider Approval of 10% Placement Facility; to consider Issue of Options to Mr Edward Fry; to consider Issue of Options to Mr William Dix; to consider Issue of Options to Mr Geoffrey Stuart Crow; to consider Issue of Options to Ms Su-Mei Sain; to consider Change of name from Todd River Resources Limited to Trinex Minerals Limited. Announcement • Oct 07
Todd River Resources Limited Announces Executive Changes The Board of Todd River Resources Limited formally appointed Ms. Kelly Migro as Chief Financial Officer (CFO). Ms. Migro has been with Todd River for over 4 years and her contribution to the Company is greatly valued. Ms. Kelly Migro is a qualified CPA with over 20 years experience predominantly in the mining resources industries. She holds a Bachelor of Commerce (Major in Accounting and IS) from Curtin University. Ms. Migro provides CFO and accounting services to a variety of ASX listed and unlisted public companies, specialising in financial management, financial reporting services and risk management. The outgoing CFO is Ms. Su-Mei Sain who has elected to step away from day to day CFO work. 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$3.2m 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$3.2m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Revenue is less than US$1m (AU$107k revenue, or US$69k). Market cap is less than US$10m (AU$7.82m market cap, or US$5.03m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Announcement • Sep 29
Todd River Resources Limited (ASX:TRT) entered into binding sale agreements to acquire 100% stake in Mineral claims in the Northwest Territories of Canada from DG Resource Management Ltd., Hale Court Holdings Pty Ltd, 507976 N.W.T. Ltd. and Zimtu Capital Corp. (TSXV:ZC) for CAD 4.87 million. Todd River Resources Limited (ASX:TRT) entered into binding sale agreements to acquire 100% stake in Mineral claims in the Northwest Territories of Canada from DG Resource Management Ltd., Hale Court Holdings Pty Ltd, 507976 N.W.T. Ltd. and Zimtu Capital Corp. (TSXV:ZC) for CAD 4.87 million on September 27, 2023. The part of the consideration payable to the Vendors includes the issue of a total of: (a) 340,600,000 Shares at an issue price of CAD 0.010 per Share (Consideration Shares); and (b) 500,000,000 Performance Rights (exercisable into 500,000,000 Shares), subject to the vesting conditions set out below, each subject to shareholder approval. The other components of the consideration payable to the Vendors are cash payments totaling CAD 1.35 million and a 2% royalty payable on a gross revenue and/or net smelter return basis derived from any future production from the Mineral Claims. The Sale Agreement relating to the Yuri Lithium Project is conditional on certain mineral claims that comprise that project being transferred to NWT before completion. In addition, the Sale Agreements are conditional on the Company’s shareholders approving the issue of the Consideration Shares and Vendor Performance Rights for the purposes of ASX. The parties have agreed that 30% of the Consideration Shares received by each Vendor will be subject to voluntary escrow for a period of 6 months, and 40% of the Consideration Shares will be subject to voluntary escrow for a period of 12 months. New Risk • Sep 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 8.7% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$7.82m market cap, or US$5.04m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (14% increase in shares outstanding). New Risk • Sep 09
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 8.7% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$6.52m market cap, or US$4.15m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (14% increase in shares outstanding). Announcement • Jan 23
Todd River Resources Limited Announces 2023 Exploration Program Underway at Pingrup Project in Western Australia Todd River Resources Limited announced that following the completion of the 2022 grain harvest, on-ground exploration has commenced at its 100% owned Pingrup Ni-Cu-PGE Project in Western Australia. The multi-phase work program will initially consist of a detailed MLTEM survey, targeting a co-incident magnetic-gravity feature followed by targeted RC drilling and reconnaissance aircore drilling across magnetic features that are interpreted, and in some cases confirmed to be mafic and ultramafic intrusions. In addition, a stream sediment sampling program will be undertaken to collect material for heavy mineral analysis. This is a technique that is well established overseas and which has the potential to identify the presence of sulphide minerals at both a small and large scale. The Company also plans to utilise this exploration method at its 100% owned Berkshire Valley Project in Western Australia and at the recently applied for Tapanappa Project in South Australia. Exploration Licence E70/5954 covers an area of approximately 240 square kilometres within the Corrigin Tectonic Zone at the south west Yilgarn CratonYouanmi Terrane boundary some 300 kilometres south east of Perth. The bedrock geology is obscured by thin (1-10 metres) sandy cover and a thick weathering profile. Within the project area are twelve magnetic features with historical work confined to just three of them. This work was completed by Magnetic Resources who were exploring the magnetic highs for the presence ofBanded Iron Formation (BIF) hosted iron ore deposits between 2008-2011. In all three cases drilling failed to identify any BIF, however it confirmed the magnetic features to be mafic-ultramafic intrusions. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Eddie Fry was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 18
Independent Non-Executive Director recently bought AU$75k worth of stock On the 16th of March, Geoffrey Crow bought around 2m shares on-market at roughly AU$0.05 per share. In the last 3 months, they made an even bigger purchase worth AU$306k. Insiders have collectively bought AU$380k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jan 12
Independent Non-Executive Director recently bought AU$306k worth of stock On the 11th of January, Geoffrey Crow bought around 4m shares on-market at roughly AU$0.083 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. Board Change • Nov 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Chairman Eddie Fry was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 