Board Change • May 21
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. 3 non-independent directors. Independent Non-Executive Chairman Kevin Perrin 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 • Apr 10
Nagambie Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million. Nagambie Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 166,666,667
Price\Range: AUD 0.015
Transaction Features: Subsequent Direct Listing Announcement • Mar 02
Nagambie Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.705 million. Nagambie Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.705 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 285,000,000
Price\Range: AUD 0.013 Announcement • Jan 30
Nagambie Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million. Nagambie Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 166,666,667
Price\Range: AUD 0.015
Transaction Features: Subsequent Direct Listing Announcement • Dec 05
Nagambie Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.6 million. Nagambie Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: AUD 0.01
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Nov 28
Nagambie Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.6 million. Nagambie Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 60,000,000
Price\Range: AUD 0.01
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 10
Nagambie Resources Limited, Annual General Meeting, Nov 26, 2025 Nagambie Resources Limited, Annual General Meeting, Nov 26, 2025. Announcement • Aug 13
Nagambie Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2 million. Nagambie Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 92,307,693
Price\Range: AUD 0.013
Discount Per Security: AUD 0.00078
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Aug 01
Nagambie Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.2 million. Nagambie Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 92,307,693
Price\Range: AUD 0.013
Discount Per Security: AUD 0.00078
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 05
Nagambie Resources Limited Announces Board Changes Nagambie Resources Limited reported the following Board changes. Mr. Thomas Quinn has resigned as a Non-Executive Director and Chairman of Nagambie to focus on his other interests. The Nagambie Board has elected Mr. Kevin Perrin to be the new Non-Executive Chairman. Kevin is the largest shareholder in the Company, holding 19.0% of the issued shares, and was appointed as a Non-Executive Director on 13 September 2023. Previously he was a Non-Executive Director of Nagambie from 17 September 2010 to 30 June 2019, during which time he was the Deputy Chairman of the Board and the Chairman of the Audit and Compliance Committee. Reported Earnings • Oct 02
Full year 2024 earnings released: AU$0.004 loss per share (vs AU$0.006 loss in FY 2023) Full year 2024 results: AU$0.004 loss per share (improved from AU$0.006 loss in FY 2023). Net loss: AU$2.79m (loss narrowed 17% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 55% per year, which means it is performing significantly worse than earnings. New Risk • Sep 29
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 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 (136% average daily change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m (AU$274k revenue, or US$189k). Market cap is less than US$10m (€7.88m market cap, or US$8.80m). 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 (37% increase in shares outstanding). Announcement • Jul 26
Nagambie Resources Limited Announces Resignation of Warwick Grigor as Non-Executive Director Nagambie Resources Limited announced that Warwick Grigor has resigned as Non-Executive Director, effective 26 July 2024. Mr. Grigor has resigned from the Board to priorities his focus in other areas. Following Mr. Grigor's departure, the Board will have 5 Directors, comprising 4 independent Directors and 1 Executive Director. The Company would like to thank Mr. Grigor for his contribution to Nagambie and the Company remains open to utilize Mr. Grigor's services in future capital raising activities. Reported Earnings • Mar 14
First half 2024 earnings released: AU$0.003 loss per share (vs AU$0.005 loss in 1H 2023) First half 2024 results: AU$0.003 loss per share (improved from AU$0.005 loss in 1H 2023). Net loss: AU$1.86m (loss narrowed 25% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 62% per year, which means it is performing significantly worse than earnings. New Risk • Mar 14
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$4.4m 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$4.4m free cash flow). Share price has been highly volatile over the past 3 months (41% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m (AU$274k revenue, or US$181k). Market cap is less than US$10m (€6.75m market cap, or US$7.38m). Minor Risk Shareholders have been diluted in the past year (49% increase in shares outstanding). New Risk • Mar 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €7.71m (US$8.43m) 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 Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m (AU$310k revenue, or US$205k). Market cap is less than US$10m (€7.71m market cap, or US$8.43m). Minor Risk Shareholders have been diluted in the past year (49% increase in shares outstanding). Announcement • Nov 18
Nagambie Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 11.634526 million. Nagambie Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 11.634526 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 387,817,544
Price\Range: AUD 0.03
Transaction Features: Rights Offering Announcement • Oct 14
Nagambie Resources Limited, Annual General Meeting, Nov 30, 2023 Nagambie Resources Limited, Annual General Meeting, Nov 30, 2023, at 10:00 AUS Eastern Standard Time. Agenda: To consider re-election of Directors. Board Change • Sep 20
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 Director Bill Colvin was the last independent 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. Reported Earnings • Sep 17
Full year 2023 earnings released: AU$0.006 loss per share (vs AU$0.005 loss in FY 2022) Full year 2023 results: AU$0.006 loss per share (further deteriorated from AU$0.005 loss in FY 2022). Net loss: AU$3.34m (loss widened 43% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 30% per year. Announcement • Sep 14
Nagambie Resources Limited Appoints Kevin John Perrin as Director Nagambie Resources Limited appointed Kevin John Perrin as Director. Date of appointment is 13 September 2023. Reported Earnings • Mar 17
First half 2023 earnings released: AU$0.005 loss per share (vs AU$0.003 loss in 1H 2022) First half 2023 results: AU$0.005 loss per share (further deteriorated from AU$0.003 loss in 1H 2022). Net loss: AU$2.38m (loss widened 72% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Jan 23
Nagambie Resources Limited Discovers Second Antimony-Gold Vein System Nagambie Resources Limited announced that With the change to the On Site laboratory in Bendigo in late 2022, all the mineralised samples in NAD007-011 were resubmitted to On Site, together with mineralised samples in NAD012. All significant On Site assays (greater than 1.0 g/t gold or 1.0% antimony) received for diamond drill holes NAD007-012. Assays are pending for NAD013-018 and NAD020-NAD028 (NAD019 has not been drilled yet). For samples containing significant antimony, the individual gold and antimony assays were weighted for both sample thickness and bulk density. Consideration was then given to the mineable cut-off grade (MCOG) of 3.0 g/t gold equivalent (AuEq) over at least 1.2m estimated horizontal thickness (EHT). The 10 high-grade intersections within the MCOG zones for the C1 and C2 vein systems to date average 16.3g/t AuEq (6.3% antimony, 4.3 g/t gold) and have an average potential stope width of 1.8m EHT. The average of 16.3 g/t AuEq is 5.4 times the estimated mineable cut-off grade (MCOG) of 3.0 g/t AuEq. This indicates potentially very-low operating cost, very-high operating margin mineralisation. The epizonal N-striking C1 and C2 vein systems are associated with the EW-striking Nagambie Mine Central Anticline and the various EW-striking thrust faults which dip to the north (due to the N to S compression event at the time of first mineralisation, circa 375 million years ago) and are known to continue regionally to kilometres in depth. The strike length of the C1 vein system is currently around 80m. The vertical extent of the C1 vein system iscurrently around 200m but could increase substantially, to 1,000m or more, with extensive further drilling initially from surface and later from underground. The Fosterville epizonal mineralisation extends to more than 1,000m vertical depth and the Costerfield epizonal mineralisation is approaching 1,000m vertical depth. Reported Earnings • Sep 30
Full year 2022 earnings released Full year 2022 results: Net loss: AU$2.34m (flat on FY 2021). Reported Earnings • Mar 17
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.003 loss per share (vs AU$0.003 loss in 1H 2021). Net loss: AU$1.38m (loss widened 18% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year. Board Change • Oct 31
High number of new directors Independent Non-Executive Director Bill Colvin was the last director to join the board, commencing their role in 2021. Reported Earnings • Sep 29
Full year 2021 earnings released: AU$0.003 loss per share (vs AU$0.002 loss in FY 2020) Full year 2021 results: Net loss: AU$1.72m (loss widened 96% from FY 2020). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Board Change • Sep 14
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. Company Secretary & Independent Non-Executive Director Alfonso M. Grillo 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. Board Change • Sep 09
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. Company Secretary & Independent Non-Executive Director Alfonso M. Grillo 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. Executive Departure • Sep 09
Independent Non-Executive Director Gary Davison has left the company On the 7th of September, Gary Davison's tenure as Independent Non-Executive Director ended after 2.3 years in the role. As of June 2021, Gary still personally held only 586.04k shares (€16k worth at the time). Gary is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.58 years. Reported Earnings • Mar 18
First half 2021 earnings released: AU$0.002 loss per share (vs AU$0.001 loss in 1H 2020) First half 2021 results: Net loss: AU$1.08m (loss widened 165% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 29
Full year earnings released - €0.0019 loss per share Over the last 12 months the company has reported total losses of AU$876.5k, with losses narrowing by 41% from the prior year. 
