New Risk • May 11
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 19% 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$3.9m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.6m market cap, or US$9.85m). New Risk • Mar 17
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$3.9m 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$3.9m free cash flow). Shareholders have been substantially diluted in the past year (110% increase in shares outstanding). Revenue is less than US$1m (AU$70k revenue, or US$50k). Market cap is less than US$10m (AU$13.3m market cap, or US$9.38m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Jan 12
FMR Resources Limited Appoints Jack Dowland as Chief Financial Officer, Effective January 12, 2026 FMR Resources Limited has appointed Mr. Jack Dowland as Chief Financial Officer, effective January 12, 2026. Jack Dowland is a corporate advisor at boutique corporate services business Belltree Corporate and a qualified Chartered Accountant with over 8 years’ experience in the finance and auditing industry, most recently as an Audit Manager at BDO in Perth servicing clients in the mining services and resources sectors. Mr. Dowland was previously a financial accountant with ASX-listed production and exploration company Australis Oil & Gas Ltd. New Risk • Nov 25
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.8m (US$8.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$13.8m market cap, or US$8.93m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Nov 13
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 14% 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 Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$19.6m market cap, or US$12.9m). Announcement • Oct 27
FMR Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.4 million. FMR Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,341,417
Price\Range: AUD 0.36
Discount Per Security: AUD 0.0216
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,103,028
Price\Range: AUD 0.36
Discount Per Security: AUD 0.0216
Transaction Features: Subsequent Direct Listing New Risk • Sep 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 (20% average weekly change). Shareholders have been substantially diluted in the past year (115% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (AU$19.9m market cap, or US$13.2m). Announcement • Sep 09
FMR Resources Limited, Annual General Meeting, Nov 27, 2025 FMR Resources Limited, Annual General Meeting, Nov 27, 2025. Announcement • Sep 04
FMR Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.4 million. FMR Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.4 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,341,417
Price\Range: AUD 0.36
Discount Per Security: AUD 0.0216
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,103,028
Price\Range: AUD 0.36
Discount Per Security: AUD 0.0216
Transaction Features: Subsequent Direct Listing Announcement • Aug 04
FMR Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.2 million. FMR Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,853,821
Price\Range: AUD 0.16
Discount Per Security: AUD 0.0096
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,896,179
Price\Range: AUD 0.16
Discount Per Security: AUD 0.0096
Transaction Features: Subsequent Direct Listing New Risk • Jul 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% 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 (19% average weekly change). Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.34m market cap, or US$5.45m). Announcement • Jun 18
FMR Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million. FMR Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 4,853,821
Price\Range: AUD 0.16
Discount Per Security: AUD 0.0096
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,896,179
Price\Range: AUD 0.16
Discount Per Security: AUD 0.0096
Transaction Features: Subsequent Direct Listing New Risk • Jun 17
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). Shareholders have been substantially diluted in the past year (296% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.91m market cap, or US$4.52m). Board Change • Nov 19
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). Company Secretary & Independent Non-Executive Director Ian Hobson is the most experienced director on the board, commencing their role in 2023. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Jul 10
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 Chair Steven Papadopoulos was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 237% 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 5.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (237% increase in shares outstanding). Market cap is less than US$10m (AU$4.18m market cap, or US$2.82m). Minor Risk Revenue is less than US$5m (AU$2.1m revenue, or US$1.4m). Announcement • Jul 02
FMR Resources Limited Announces Board Changes FMR Resources Limited announced that effective from completion of the Proposed Acquisition, John Winters resigned as Non-Executive Director and Bill Oliver was appointed as Non-Executive Director in his place. Non-Executive Chairman, Steve Papadopoulos, and Non-Executive Director, Ian Hobson, remain on the Board and Mr. Hobson has also taken on the role of joint Company Secretary from 31 May 2024. Announcement • Jun 22
Applyflow Limited (ASX:AFW) completed the acquisition of portfolio of copper and rare earth exploration projects comprising the Fairfield and Fintry Projects. Applyflow Limited (ASX:AFW) entered into an agreement to acquire a portfolio of copper and rare earth exploration projects comprising the Fairfield and Fintry Projects on March 11, 2024. On completion of the Acquisition, the Company will issue 4 million fully paid ordinary shares in the capital of the Company (Shares), 1.8 million options and 1 million performance shares. On completion of the Acquisition, and subject to the Company obtaining shareholder approval, the Company intends to change its name to ‘FMR Resources Ltd’. The Company is also proposing to change its ASX code to ASX:FMR in line with the proposed name change. The Company will restructure its Board and Key Management Personnel to reflect the Company’s shift to mineral exploration and development. Subject to shareholders approving each of the Transaction Resolutions (defined below), Non-Executive Director John Winters will resign from the Board and experienced geologist Bill Oliver will be appointed as Non-Executive Director. As a consequence of the Transaction, Acting Chief Executive Officer Richard Swanton will resign from his employment. On completion of the Transaction, the Board and Key Management Personnel will consist of Steven Papadopoulos as Non-Executive Chairman, and Ian Hobson and Bill Oliver as Non-Executive Directors.Completion of the Acquisition is subject to and conditional on the following conditions precedent (Conditions Precedent) being satisfied or waived: (a) the Company obtaining all necessary shareholder approvals as are required (including under the Buyer's constitution, the Listing Rules and the Corporations Act) to give effect to the of the Acquisition and Re-Compliance (together, the Transaction) including the Consolidation (see below) and the change of name of the buyer to FMR Resources Ltd; (b) the Company receiving applications and subscription funds for the full amount of the Public Offer; (c) the Company conducting technical, financial and legal due diligence on the Company and its assets and being satisfied with the results of such due diligence in its absolute discretion; (d) following shareholder approval of the Consolidation, the Company undertaking the Consolidation; (e) the Company receiving a conditional listing letter from the ASX for the re-compliance of the Company, on terms which are capable of satisfaction; (f) disposal by the Company of the existing business of the Company on terms reasonably acceptable to the shareholders of Canada Future Metals; and (g) the vendors conducting financial and legal due diligence on the Company and its assets and being satisfied with the results of such due diligence in its absolute discretion.Applyflow Limited (ASX:AFW) completed the acquisition of portfolio of copper and rare earth exploration projects comprising the Fairfield and Fintry Projects on June 21, 2024. Announcement • Apr 23
Applyflow Limited, Annual General Meeting, May 23, 2024 Applyflow Limited, Annual General Meeting, May 23, 2024, at 11:00 W. Australia Standard Time. Location: Suite 9, 110 Hay Street Subiaco Western Australia Australia Agenda: To consider change to nature and scale of activities; to consider consolidation of capital; to consider creation of a new class of securities- performance shares; to consider issue of vendor securities to the vendors; to consider issue of public offer shares; to consider appointment of Bill Oliver as director; to consider issue of new options to Bill Oliver; to consider issue of new options to Steven Papadopoulos; to consider issue of new options to Ian Hobson; to consider change of company name; to consider approval for john winters to participate in public offer. Announcement • Mar 12
Applyflow Limited has filed a Follow-on Equity Offering in the amount of AUD 2.7 million. Applyflow Limited has filed a Follow-on Equity Offering in the amount of AUD 2.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,500,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012 Reported Earnings • Aug 30
Full year 2023 earnings released: AU$0.022 loss per share (vs AU$0.019 loss in FY 2022) Full year 2023 results: AU$0.022 loss per share (further deteriorated from AU$0.019 loss in FY 2022). Revenue: AU$2.12m (up 1.5% from FY 2022). Net loss: AU$3.21m (loss widened 18% from FY 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings. Announcement • Aug 30
Applyflow Limited, Annual General Meeting, Nov 14, 2023 Applyflow Limited, Annual General Meeting, Nov 14, 2023. Announcement • Jul 31
Applyflow Limited Announces Board Changes Applyflow Limited announced the appointment of Ian Hobson as Non-Executive Director and the retirement of Philip Crutchfield from the Board, effective 31 July 2023. Ian Hobson is a Fellow Chartered Account and Chartered Secretary with 35+ years experience. Ian currently acts as CFO /Company Secretary for a number of ASX listed companies and has been a director of several ASX listed entities in past years (currently none). Ian spent 20 years working in large international accounting firms prior to commencing his own practice focussing on small cap listed companies. Ian is experienced in transaction support, IPO's, capital raising and corporate governance. Additionally, Philip Crutchfield has decided to retire as Non-Executive Chair and Director to pursue other opportunities. The Board thanks Philip for his contribution to the Company and his wise counsel. The Company wishes Philip all the best in his future endeavours. In the light of Philip Crutchfield's retirement, Steve Papadopoulos will take the role of Non-Executive Chair. Announcement • May 17
Applyflow Limited Announces CEO Changes Applyflow Limited announced a change to its executive team. Steve Butler has resigned from the role of Chief Executive Officer for personal reasons effective immediately. Steve will remain with Applyflow until mid-August as he takes a step back from the day-to- day management of operations and assists with the transition of this role. The Company will leverage his industry experience and a deep understanding of the Applyflow service to focus on the product side of the business during this period. Chief Revenue Officer, Richard Swanton will assume the role of Acting CEO effective immediately. With a proven track record of business development and relationship management, Richard is well-positioned to lead Applyflow during this transitional period and will be responsible for overseeing the Company's strategic initiatives, day-to-day operations, and investor relations. Reported Earnings • Mar 03
First half 2023 earnings released: AU$0.011 loss per share (vs AU$0.009 loss in 1H 2022) First half 2023 results: AU$0.011 loss per share (further deteriorated from AU$0.009 loss in 1H 2022). Revenue: AU$1.02m (down 6.9% from 1H 2022). Net loss: AU$1.64m (loss widened 24% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent 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. No independent directors (3 non-independent directors). Non-Executive Chairman Philip Crutchfield was the last director to join 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 independent directors. Insufficient board refreshment. Announcement • Oct 17
Applyflow Limited, Annual General Meeting, Nov 16, 2022 Applyflow Limited, Annual General Meeting, Nov 16, 2022, at 15:00 AUS Eastern Standard Time. Agenda: To receive and to consider the Annual Financial Report for the financial year ended 30 June 2022 together with the declaration of the Directors, the Directors' Report, the Remuneration Report and the Auditor's Report for that financial year; to consider adoption of Remuneration Report; to consider re-election of Mr Philip Crutchfield as Director; to consider approval of future issue of securities; to consider adoption of Employee Incentive Securities Plan; and to consider other matters. Reported Earnings • Aug 31
Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in FY 2021) Full year 2022 results: AU$0.001 loss per share (up from AU$0.002 loss in FY 2021). Revenue: AU$2.10m (down 18% from FY 2021). Net loss: AU$2.73m (loss narrowed 2.6% from FY 2021). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Announcement • May 28
Applyflow Limited Announces Resignation of William Lim as Chief Financial Officer Applyflow Ltd. announced that Mr. William Lim from the Automic Group, who has been performing the role of Chief Financial Officer of the Company, has decided to pursue other opportunities outside of the Automic Group and resigned from his role. Board Change • Apr 27
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. 3 non-independent directors. Non-Executive Chairman Philip Crutchfield was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 29
Full year 2021 earnings released: AU$0.002 loss per share (vs AU$0.003 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$2.62m (up AU$2.35m from FY 2020). Net loss: AU$2.80m (loss narrowed 20% from FY 2020). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Oct 13
Nvoi Ltd Announces Agree a New Framework Agreement with Adecco Group for the Provision of Recruitment Website Management and Support Services Nvoi Ltd. announced it has agreed a new framework agreement with Adecco Group for the provision of recruitment website management and support services. Adecco is one of the staffing firms and a Fortune Global 500 company. The agreement will see Nvoi's JXT business service Adecco's global markets, including Australia, New Zealand, Hong Kong, Singapore, Taiwan, Malaysia, China and South Korea. The framework agreement is for a 12 month term at a fixed fee for the agreed services with potential for additional services outside of the agreement scope. The agreement is otherwise on terms and conditions customary for a framework SAAS agreement, including provisions for confidentiality, IP protection, security requirements and data protection, privacy and service levels. Announcement • Aug 28
Nvoi Limited Announces Executive Changes Nvoi Limited announced completion of a business review and key management changes following the acquisition and restructure of the Workconex and JXT businesses earlier this year. As part of the restructure, Raife Watson has stood down as Nvoi Group CEO as the company progresses its advancement as a pure play HR technology business. Nvoi has appointed Steve Butler as new CEO, effective immediately. Prior to his appointment, Steve was Nvoi's Chief Product Officer. 