New Risk • Jun 23
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 Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$29.2m market cap, or US$20.4m). New Risk • Feb 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 48% 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 (48% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$23.6m market cap, or US$16.7m). Tillkännagivande • Feb 10
Orpheus Uranium Limited has completed a Follow-on Equity Offering in the amount of AUD 4.366305 million. Orpheus Uranium Limited has completed a Follow-on Equity Offering in the amount of AUD 4.366305 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,230,726
Price\Range: AUD 0.062
Discount Per Security: AUD 0.00496
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,193,548
Price\Range: AUD 0.062
Discount Per Security: AUD 0.00124
Transaction Features: Subsequent Direct Listing Tillkännagivande • Feb 04
Orpheus Uranium Limited has filed a Follow-on Equity Offering in the amount of AUD 4.366305 million. Orpheus Uranium Limited has filed a Follow-on Equity Offering in the amount of AUD 4.366305 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,230,726
Price\Range: AUD 0.062
Discount Per Security: AUD 0.00496
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,193,548
Price\Range: AUD 0.062
Discount Per Security: AUD 0.00124
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 28
Orpheus Uranium Limited, Annual General Meeting, Nov 27, 2025 Orpheus Uranium Limited, Annual General Meeting, Nov 27, 2025. Location: the offices of grant thornton, level 3, 170 frome street, adelaide, sa 5000, Australia New Risk • Sep 26
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 20% 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 (20% average weekly change). Shareholders have been substantially diluted in the past year (48% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$11.5m market cap, or US$7.53m). Tillkännagivande • Aug 21
Orpheus Uranium Limited (ASX:ORP) completed the acquisition of Pirie Basin Uranium Project from FMG Resources Pty Ltd Orpheus Uranium Limited (ASX:ORP) agreed to acquire Pirie Basin Uranium Project from FMG Resources Pty Ltd for AUD 5 million on April 22, 2025. A cash consideration of AUD 0.4 million will be paid by Orpheus Uranium Limited. Orpheus Uranium Limited will pay an earnout/contingent payment of AUD 4.6 million cash. As part of consideration, AUD 5 million is paid towards assets of Pirie Basin Uranium Project. The transaction will be financed through raising of AUD 1.25 million by share placement and AUD 0.4 million by cash on hand.
The transaction is subject to approval by regulatory board / committee.
Orpheus Uranium Limited (ASX:ORP) completed the acquisition of Pirie Basin Uranium Project from FMG Resources Pty Ltd on August 20, 2025. All conditions were fulfilled. New Risk • Jul 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% 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 Earnings have declined by 0.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.46m market cap, or US$5.56m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Board Change • Jul 03
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). Independent Chairman Simon Mitchell 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. New Risk • May 06
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 13% 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 0.7% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$8.07m market cap, or US$5.21m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Tillkännagivande • Apr 29
Orpheus Uranium Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25 million. Orpheus Uranium Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,642,857
Price\Range: AUD 0.028
Discount Per Security: AUD 0.00168
Transaction Features: Subsequent Direct Listing 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$3.3m 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$3.3m free cash flow). Earnings have declined by 0.7% per year over the past 5 years. Revenue is less than US$1m (AU$109k revenue, or US$69k). Market cap is less than US$10m (AU$7.59m market cap, or US$4.77m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • Jan 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% 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 Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$8.78m market cap, or US$5.46m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Tillkännagivande • Dec 05
Orpheus Uranium Limited has completed a Follow-on Equity Offering in the amount of AUD 1.66106 million. Orpheus Uranium Limited has completed a Follow-on Equity Offering in the amount of AUD 1.66106 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 47,458,853
Price\Range: AUD 0.035
Discount Per Security: AUD 0.0021
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Nov 28
Orpheus Uranium Limited has filed a Follow-on Equity Offering in the amount of AUD 1.66106 million. Orpheus Uranium Limited has filed a Follow-on Equity Offering in the amount of AUD 1.66106 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 47,458,853
Price\Range: AUD 0.035
Discount Per Security: AUD 0.0021
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 18
Orpheus Uranium Limited, Annual General Meeting, Nov 18, 2024 Orpheus Uranium Limited, Annual General Meeting, Nov 18, 2024. Location: the offices of taylor collison, level 16, 211 victoria square, adelaide sa 5000 New Zealand New Risk • Sep 25
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (159% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.87m market cap, or US$6.80m). New Risk • Jun 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.2m (US$9.46m) 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 Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (198% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.2m market cap, or US$9.46m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Apr 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (198% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (AU$17.3m market cap, or US$11.3m). New Risk • Mar 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.2m (US$9.91m) 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 Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (198% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$15.2m market cap, or US$9.91m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Board Change • Jan 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Executive Chairman Mick Billing is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 29
Argonaut Resources NL has completed a Follow-on Equity Offering in the amount of AUD 3.25 million. Argonaut Resources NL has completed a Follow-on Equity Offering in the amount of AUD 3.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,111,111
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0054
Transaction Features: Subsequent Direct Listing Tillkännagivande • Dec 22
Argonaut Resources NL has filed a Follow-on Equity Offering in the amount of AUD 3.25 million. Argonaut Resources NL has filed a Follow-on Equity Offering in the amount of AUD 3.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,111,111
Price\Range: AUD 0.09
Discount Per Security: AUD 0.0054
Transaction Features: Subsequent Direct Listing Tillkännagivande • Dec 08
Argonaut Resources N.L Appoints Todd Williams as Non-Executive Director The Board of Argonaut Resources N.L announced that Todd Williams has been appointed as a Non-Executive Director of the Company. Williams is an exploration geologist and corporate executive with a Bachelor of Science graduating from the University of Adelaide in 2011. Mr. Williams brings to Argonaut 12 years' experience managing all aspects of exploration for multiple commodities (principally nickel, uranium, gold, and copper) across Australia and South America, as well as corporate development, private and public equity financing, and acquisitions. Mr. Williams is currently the Managing Director of ASX-listed Unico Silver Limited developing the Cerro Leon silver gold resource in the Santa Cruz Province of Argentina. New Risk • Nov 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 181% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.5m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (181% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$12.2m market cap, or US$7.95m). Board Change • Nov 01
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. Executive Chairman Mick Billing is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Oct 27
Argonaut Resources NL, Annual General Meeting, Nov 28, 2023 Argonaut Resources NL, Annual General Meeting, Nov 28, 2023, at 10:00 Cen. Australia Standard Time. Location: Taylor Collison Level 16, 211 Victoria Square, Adelaide SA 5000 Adelaide Australia Agenda: To discuss Financial statements and reports; to consider Adoption of Remuneration Report; to consider Re-election of Simon Mitchell as Director; to consider Re-election of Richard Willson as Director; to consider Issue of Director Options to Simon Mitchell; to consider Issue of Director Options to Richard Willson; to consider Issue of Director Options to Michael Billing; to consider Change of Company Status; and to consider Replacement of Constitution and Change of Name. New Risk • Oct 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.5m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.42m market cap, or US$3.42m). Tillkännagivande • Oct 24
Argonaut Resources NL Announces Board Changes, Effective 25 October 2023 Argonaut Resources N.L. announced the appointments of Mr. Simon Mitchell and Mr. Richard Willson to the positions of non-executive director, effective 25 October 2023. The appointments of Mr. Mitchell and Mr. Willson follow the retirement of Mr. Patrick Elliott as non-executive Chair and Mr. Andrew Bursill as a non-executive director (both of which will be effective on 25 October 2023). Mick Billing will assume the role as Executive Chairman on Mr. Elliott's retirement. Mr. Mitchell is a geologist and corporate executive with 33 years of resources industry experience in both technical and finance roles. Mr. Mitchell was General Manager of Business Development with ASX listed uranium exploration and mine development company Toro Energy Limited from late 2006 until 2013 where he was responsible for managing the growth of the company's uranium asset portfolio in South Australia, the Northern Territory, Western Australia and in Namibia, Africa. During his tenure at Toro, Mr. Mitchell was responsible for engaging investors worldwide and managed the raising of more than US$80m in equity capital. Mr. Mitchell was also the lead executive for Toro in the AUD 280 million takeover of ASX listed Nova Energy, then owner of the Lake Way-Centipede uranium project, near the town of Wiluna. Subsequent to the Nova acquisition, Mr. Mitchell also negotiated a series of deals to consolidate the broader Wiluna uranium project, doubling the resource base from 24mlb uranium oxide to more than 50mlb uranium oxide. Prior to Toro Energy, Mr. Mitchell had 10 years gold exploration and mine development experience with Normandy NFM, RGC, Goldfields and Aurora Gold in Australia, Bolivia, Chile, Papua New Guinea and Indonesia, and worked for six years at the Commonwealth Bank of Australia, predominantly in Project Finance. From 2015 to 2021, Mr. Mitchell was CEO and Managing Director of Southern Gold Limited, an ASX listed gold exploration company with a focus on Australia and South Korea. Mr. Mitchell was Managing Director of the Company's majority-owned subsidiary, Orpheus Minerals Limited, during the time that Orpheus Minerals Limited sought to be admitted to the ASX. Mr. Mitchell is currently a non-executive director of ASX listed Mount Ridley Mines Ltd. and is an independent consultant advising on M&A activity with several uranium companies in North America. Mr. Willson is an experienced Non-Executive Director, Company Secretary and Chief Financial Officer with more than 20 years' experience predominantly within the mining and agricultural sectors for both publicly listed and private companies. Mr. Willson is a Non-Executive Director of Titomic Limited; Clara Resources Australia Limited; and MedTEC Holdings Ltd; and is Company Secretary of a number of ASX listed companies. Mr. Willson is the Chairman of the Audit Committee of Titomic Limited and Clara Resources Australia Limited, and is the Chairman of the Remuneration & Nomination Committee of Titomic Limited. The Board considers that Mr. Willson is an independent Director. Tillkännagivande • Aug 29
Argonaut Resources NL Announces Change of Company Secretary Argonaut Resources NL advised that Joanna Morbey will retire as Company Secretary on 29 August 2023. Joanna has been Company Secretary of Argonaut Resources NL since 20 December 2019. Mr. Richard Willson has been appointed the Company Secretary effective 29 August 2023. Richard is an experienced Non-executive director, Company Secretary and CFO with more than 20 years experience predominantly within the mining, technology and agricultural sectors for both publicly listed and private companies. Tillkännagivande • Jul 04
Argonaut Resources NL has completed a Follow-on Equity Offering in the amount of AUD 0.47714 million. Argonaut Resources NL has completed a Follow-on Equity Offering in the amount of AUD 0.47714 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 954,280,691
Price\Range: AUD 0.0005
Discount Per Security: AUD 0.00003
Transaction Features: Subsequent Direct Listing Board Change • Jun 26
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 Pat Elliott was the last independent director to join the board, commencing their role in 2003. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 22
Argonaut Resources NL Announces Board Changes Argonaut Resources NL advised that Michael Robert (Mick) Billing has taken on the role as an Executive Director of the Company, effective immediately. Lindsay Owler remains in the role of managing director until 31 July 2023. Tillkännagivande • May 04
Argonaut Resources NL Announces the Resignation of Lindsay Owler as Director Argonaut Resources NL announced the resignation of Director Lindsay Owler has elected to terminate his service agreement with Argonaut for personal reasons. Owler provided a 3 months' notice of this termination. His last day will be 31 July 2023. The Argonau Board will immediately commence an executive search for a replacement Chief Executive Officer. Owler commenced working for Argonaut in January 1997, becoming the CEO of the Company on 1 June 2005. Tillkännagivande • Feb 07
Argonaut Resources NL, Annual General Meeting, Mar 10, 2023 Argonaut Resources NL, Annual General Meeting, Mar 10, 2023, at 12:00 Cen. Australia Standard Time. Location: the Company's office, Level 6, 100 Pirie Street Adelaide South Australia Australia Agenda: To consider ratification of prior issue of shares to Loded Dog Prospecting Pty Limited under the company's ASX listing rule 7.1 capacity; to consider ratification of prior issue of shares to sophisticated and professional investors, under the company's ASX listing rule 7.1 capacity; and to consider ratification of prior issue of shares to sophisticated and professional investors under the company's ASX listing rule 7.1a capacity. Tillkännagivande • Dec 22
Priority Lithium Drilling Targets Defined At Higginsville Argonaut Resources NL advised that field work undertaken in October 2022 has returned highly encouraging Lithium-Caesium-Tantalum (LCT) pegmatite exploration results within the Darson Pegmatite Swarm at its 80% held Higginsville project in Western Australia. Argonaut is currently seeking approvals for an RC drilling program targeting LCT Pegmatites at the Darson prospect.Additional soil and rock-chip sampling targeting LCT pegmatites will be undertaken at the Darson area early in the New Year, with the objective of delineating additional targets. Argonaut is fully funded to proceed to drill the lithium targets. Argonaut commissioned geochemist Dr Nigel Brand3, a recognised expert in Western Australian LCT pegmatite geochemistry, to analyse the results of recent field work at Darson. Dr Brand concluded: A combination of LCT elements and host lithic elements combined to generate a Prospectivity Index has identify areas of probable LCT mineralisation within five parallel trends. Modelling of the soil data indicate that the Li, Be and Cs represent the highly fractionated portion (Zone 4 and Zone 5) of the LCT pegmatite whilst Nb and Ta are proximal (Zone 3 and Zone 4) based on Cerny 1991 diagram4. Rock chip classification indicates "fertile granites" along two trends and potentially represents the outer shell of a fractionated pegmatite. The recommendations that resulted from Dr Brand's analysis are: Further systematic regional soil sampling should be considered to identified any near surface potential pegmatite trends. Drill testing of the defined area of interest [Darson South] and trends [Darson Central and Darson North] should be considered as a high priority. Nigel Brand is the co-author of several papers regarding LCT pegmatite exploration and discovery in the area of the Pioneer Dome. Dr Brand has worked extensively in the area with several explorers as a consulting geochemist. Fieldwork undertaken by Argonaut during February 2022 and September/October 2022 has defined an extensive swarm of LCT pegmatites up to 150m in width extending over an aggregate strike length of two kilometres. The pegmatites are located near the margin of the Pioneer Granite. The Pioneer Granite caused the emplacement of LCT pegmatites at the Dome North lithium deposit and at Sinclair, which was previously mined for Caesium. Following the success of initial scouting traverses over the Darson area of E15/1489 in February 2022, detailed mapping was undertaken during September and October 2022 in conjunction with a soil sampling program. This recent geological mapping identified several previously unrecorded LCT pegmatite occurrences including a particularly large pegmatite measuring ~400m in strike length and ~150m in width at Darson Central. The mapping program delineated three distinct types of pegmatite: Darson South: contact pegmatites, occurring either on or nearby to the margin of the Pioneer Granite. Darson Central: wide, potentially voluminous pegmatites which occur 300 to 600m from the granite margin. Hosted in muscovite-biotite schist. Darson East: medium to fine grained pegmatites occurring within a meta-basalt approximately 800m from the granite margin. A soil sampling program was completed over the Darson pegmatite swarm during September and October 2022. 278 soil samples sieved to #40 mesh plus QA/QC samples were collected from in-situ (residual) soil profiles. The Darson Pegmatite Swarm is well located amongst numerous significant lithium Resources in the Coolgardie-Norseman LCT Province, Western Australia. Importantly, the pegmatites identified and sampled at date are within the "Goldilocks Zone", an area radially outboard of particular granites within the Yilgarn Craton, WA. The area features the Bald Hill lithium tantalum mine, the Mount Marion lithium mine and the Buldania lithium project, as well the nearby Dome North lithium Resource. The Darson prospect is adjacent to a sealed highway and rail line and benefits from being in the Tier-1 mining jurisdiction of Western Australia. Argonaut is preparing to undertake a heritage clearance for a reverse circulation (RC) drilling program to test Darson South, Darson Central and Darson East for lithium mineralisation. This drilling program is expected to commence by second quarter 2023. The RC drilling program will involve traverses of angled RC holes to approximately 100m depth to test the most prospective mapped pegmatites. Access to the site is excellent via existing roads. Argonaut has significant existing experience drilling at E15/1489. On receipt of heritage clearance, Argonaut will submit a program of works covering approximately 5,000m of RC plus contingent diamond core drilling for approval by the WA government. Additional soil and rock-chip sampling targeting LCT pegmatites will be undertaken at the Darson area early inthe New Year. Soil sampling will infill existing anomalies, target new prospective zones with an ultramafic magnetic signature, and cover regional areas. The initial RC drilling program is not contingent on this work. Tillkännagivande • Dec 16
Argonaut Resources NL Announces Cancellation of Lumwana West Licence Suspended by Court Order Argonaut Resources NL announced that the Zambian High Court has ordered a stay of execution which suspends the purported cancellation of the Lumwana West licence. A judicial review aimed at the prompt reinstatement of the Lumwana West licence in North-western Zambia to Argonaut's 90% held subsidiary, Mwombezhi Resources Ltd. was filed on 12 October 2022. Highlights: In January 2022, Mwombezhi filed an appeal to the Zambian Minister for Mines and Mineral Development, Hon. Paul Kabuswe, MP, against the illegal grant of a new licence over the Lumwana West area; On 12 October 2022, Argonaut filed an application to the Zambian High Court for judicial review of the Minister's inordinate delay in deciding this appeal; The judicial review application seeks orders to have the appeal decided promptly; On 8 December 2022, the court granted Mwombezhi: leave for judicial review; and a stay of execution of the decision by the Zambian Government to: cancel the Lumwana West licence; and grant a new licence over the same area to a different entity. The Zambian Attorney General's Office made oral submissions that it is seeking to settle the judicial review out of court. The judicial review is scheduled to be heard on 30 January 2023. Judicial Review: Argonaut's subsidiary, Mwombezhi, filed an application in the Zambian High Court for judicial review (High Court for Zambia, Principal Registry, Holden at Lusaka, file number 2022/HP/1613) of the Minister's apparent inaction in deciding an appeal dated January 2022. The appeal of January 2022 is against the cancellation of large-scale exploration licence 22399-HQ-LEL, Lumwana West, and the hasty and illegal grant of a new licence over the same area. The judicial review has proceeded through the Zambian High Court, firstly via an order to extend the time available to Mwombezhi to apply for judicial review and secondly by the grant of leave for judicial review. The court has further ordered that the grant of leave for judicial review operates as a stay of execution of the decisions by the Zambian Government to both cancel 22399-HQ-LEL, Lumwana West, and grant a new licence over the same area to a different entity. The stay suspends the purported cancellation of the Lumwana West licence. The stay is in operation until the determination of the judicial review or further order of the court. Following the grant of leave, the court proceeded to issue directions regarding the judicial review and set an expedited hearing date of 30 January 2023. Tillkännagivande • Oct 30
Argonaut Resources NL, Annual General Meeting, Nov 29, 2022 Argonaut Resources NL, Annual General Meeting, Nov 29, 2022, at 10:00 Cen. Australia Standard Time. Location: Level 6, 100 Pirie Street, Adelaide South Australia Australia Agenda: To receive and to consider the Annual Financial Report of the Company for the financial year ended 30th 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 Andrew Bursill as Director; to consider ASX Listing Rule 7.1A Approval of Future Issue of Securities; and to consider other matters. Tillkännagivande • Feb 02
Argonaut Resources NL Announces Retirement of Malcolm Richmond from Board of Directors Argonaut Resources NL announced that its long serving and experienced director, Malcolm Richmond, has elected to retire from his position on the Argonaut Board of Directors for personal reasons. Mr. Richmond has served on the Board as a Non-Executive Director since March 2012, and his retirement from the Board is effective immediately. Tillkännagivande • Jan 24
Argonaut Resources Nl Announces Lumwana West License Update Argonaut Resources NL has become aware that Large-scale Exploration Licence 22399-HQ-LEL, Lumwana West, was not renewed by the Zambian Government on 28 December 2021 as expected. This licence area contains the Nyungu deposit. At the time of the purported cancellation, the Company's 90% held subsidiary, Mwombezhi Resources Ltd, was operating in full compliance with all licence conditions and other regulatory requirements. However, Argonaut's Zambian lawyers have discovered that key compliance documents provided by the Company to its Zambian shareholders for filing were not submitted as required and this appears to have led to the cancellation of the licence. The circumstances in which these documents were withheld appears to constitute a fraud. Amongst five Zambian entities that hold a collective 10% shareholding in Mwombezhi Resources Ltd. are Christopher Mulusa and Stafford Mulusa, MP for Solwezi Central and Government Chief Whip. The Company is aware that Stafford Mulusa was a respondent in two recent court proceedings: 2019/HPC/225 (mortgage proceedings); and 2019/HPC/497 (unpaid arrears on a lease). Argonaut has also learned that a new licence over the Lumwana West area was hurriedly and potentially corruptly granted to a recently registered company with no apparent financial or technical capacity. Argonaut had a history of raising and investing significant amounts of money in the rigorous technical investigation of the Lumwana West licence area, particularly the Nyungu deposit. The Company had commenced the fast-tracking of a feasibility study into a commercial mining operation at the site via a team of internationally known experts. It would appear to be against the national interests of Zambia to stop this process. Argonaut has lodged an appeal against the grant of the new licence on the grounds of fraud and impropriety. The Company is also preparing a complaint to the Zambian Anti-Corruption Commission, and it is currently settling the legal documents necessary to sue its Zambian partners for breaches of contractual and fiduciary duties. Tillkännagivande • Jul 07
Argonaut Resources NL Provides Update from Murdie Project Argonaut Resources NL announced that drilling at WLTD002 which targeted the Smith Dam 2 gravity anomaly within the broader West Lake Torrens bouguer gravity anomaly (Figure 2) ceased at 853m. Drilling equipment and protective matting is currently being moved to the third drill hole, WLTD003, which is offshore from the south-eastern corner of Andamooka Island in South Australia. Basement rocks intercepted in drill hole WLTD002 feature breccia zones with moderate to strong hematite and potassic alteration. These observations are supported by portable XRF analysis. Brecciation is the breaking of rock into fragments that are then re-cemented by a matrix, in this case an iron-rich matrix. This process is generally considered to be a prerequisite to IOCG mineralisation. The system appears not to have been subject to destructive, paleo-erosion. The upper, prospective portion of the IOCG system appears to have been preserved. Drill holes WLTD001 and WLTD002 intercepted IOCG alteration at approximately the level within a system that possible economic IOCG mineralisation would be expected to occur. The intensity of alteration indicates that the first drill hole, WLTD001, was 300 to 1,000m from possible copper mineralisation. Tillkännagivande • Jun 17
Argonaut Resources Nl Announces update on Murdie Project Argonaut Resources N announced that drill hole WLTD002 is currently drilling through the targeted zone at the Smith Dam 2 gravity anomaly within the broader West Lake Torrens bouguer gravity anomaly. The presence of further IOCG alteration in the basement rocks of the West Lake Torrens gravity anomaly continues to provide encouragement to the Argonaut team. The 2021 Murdie drilling program has confirmed the presence of the critical prerequisites to the discovery of an IOCG deposit: · the same brecciated, hematite alteration system as Olympic Dam, Carrapateena and Oak Dam; · preservation, rather than erosion, of the IOCG system; and intersection at approximately the correct level within the system. Basement rocks intercepted in drill hole WLTD002 feature breccia zones with moderate to strong hematite and potassic alteration. These observations are supported by portable XRF analysis. Brecciation is the breaking of rock into fragments that are then re-cemented by a matrix, in this case an iron-rich matrix. This process is generally considered to be a prerequisite to IOCG mineralisation. The system appears not to have been subject to destructive, ancient erosion. The upper, prospective portion of the IOCG system appears to have been preserved. Drill holes WLTD001 and WLTD002 intercepted IOCG alteration at approximately the level within a system that possible economic IOCG mineralisation would be expected to occur. The intensity of alteration indicates that the first drill hole, WLTD001, was 300 to 1,000m from possible copper mineralisation. The host rock of the system is interpreted to be units of the Wallaroo Group. No significant copper mineralisation is visible in the basement drill core in WLTD002 although chalcopyrite was noted in the lower part of the cover geology. Gravity surveying and progressive modelling and re-modelling of high-density drilling targets is continuing. The gravity acquisition crew has completed the survey and de-mobilised. WLTD002 is second hole of an initial 4-5 hole program. Both WLTD001 and WLTD002 targeted residual gravity anomalies referred to on Figure 3 as Smith Dam 1 and Smith Dam 2 respectively. WLTD001 drill core has been cut and the samples are currently being submitted for assay. Drilling is being conducted 24/7 in two daily shifts. The Murdie exploration licences covers two largescale, regional gravity anomalies - West Lake Torrens and Murdie (Figure 1). These anomalies represent locations with significant volumes of high-density rock that could contain economic IOCG deposits. Efforts are being focused on the West Lake Torrens anomaly. Argonaut has identified seven excellent drilling targets at the West Lake Torrens anomaly. Drilling targets located near the shoreline of Lake Torrens are shown on Figure 3 as Smith Dam 1 to 4. Offshore targets are labelled Crystal Dam 1 to 3. Argonaut is drilling Smith Dam 1 and Smith Dam 2 first. Other targets will be prioritised on the basis of results. A volume of high-density rock causes a measurably higher gravitational pull at surface and this manifests as a gravity anomaly. Therefore, mineral explorers can use gravity surveys as a means to define gravity anomalies and potentially discover dense orebodies. IOCG orebodies contain high concentrations of iron and copper minerals making them particularly dense. The West Lake Torrens anomaly is a regional gravity anomaly. This type of anomaly is typically displayed as a "bouguer" gravity anomaly. The peak of the West Lake Torrens bouguer anomaly is 7 milligals above ackground levels. Tillkännagivande • May 17
Argonaut Resources NL Announces Drill Hole WLTD001 Has Intersected Highly Prospective Iron Oxide Copper-Gold (IOCG) Alteration System Argonaut Resources NL announced that drill hole WLTD001 has intersected a highly prospective iron oxide copper-gold (IOCG) alteration system. Argonaut pleased by the presence of an IOCG alteration system in the basement rocks of the West Lake Torrens gravity anomaly. Basement rocks feature pervasive hematite, sericite and chlorite alteration minerals, the same alteration assemblage as seen at Olympic Dam, Carrapateena and Oak Dam. The system is intermittently brecciated. Brecciation is the breaking of rock into fragments that are then re-cemented by a matrix, in this case an iron-rich matrix. This process is generally considered to be a prerequisite to IOCG mineralisation. The system appears not to have been subject to destructive, ancient erosion. The upper, prospective portion of the IOCG system appears to have been preserved. Drill hole WLTD001 intercepted the IOCG alteration at approximately the level within a system that possible economic IOCG mineralisation would be expected to occur. The intensity of alteration indicates that WLTD001 was 300 to 1,000m from possible copper mineralisation. The host rock of the system is an interpreted mafic volcano-sedimentary unit, possibly of the Wallaroo Group. No significant copper mineralisation is visible in the drill core. The density of this hematite-altered rock accounts for the Smith Dam 1 residual gravity anomaly. Gravity surveying and progressive modelling and re-modelling of high-density drilling targets is proceeding. The gravity acquisition crew is currently working south of the West Lake Torrens anomaly and directly east of the Carrapateena mine within EL 5937. WLTD001 was first hole of an initial 4-5 hole program and it targeted a residual gravity anomaly called Smith Dam 1. This drill hole was drilled to a total depth of 924m. The drill hole has been logged and basement core will soon be transported off-site for cutting and analysis. The drilling rig is currently being moved to a protective platform that is positioned over a residual gravity target called Smith Dam 2. This is the site of the second drill hole, WLTD002. The Murdie exploration licences covers two largescale, regional gravity anomalies West Lake Torrens and Murdie. These anomalies represent locations with significant volumes of high-density rock that could contain economic IOCG deposits. Efforts are being focused on the West Lake Torrens anomaly. Argonaut has identified seven excellent drilling targets at the West Lake Torrens anomaly. Offshore targets are labelled Crystal Dam 1 to 3. Argonaut is drilling Smith Dam 1 and Smith Dam 2 first. Other targets will be prioritised on the basis of results. A volume of high-density rock causes a measurably higher gravitational pull at surface and this manifests as a gravity anomaly. Therefore, mineral explorers can use gravity surveys as a means to define gravity anomalies and potentially discover dense orebodies. IOCG orebodies contain high concentrations of iron and copper minerals making them particularly dense. Tillkännagivande • Mar 14
Argonaut Resources NL Provides Drilling Update at Murdie Project Argonaut Resources NL provided drilling update at the Murdie project site. The mobilisation to the Murdie site has involved 20 semitrailer trucks delivering drilling equipment,
accommodation units, ground protection matting and ancillary vehicles. These trucks arrived at Woomera on 9 and 10 March 2021 and unloaded on 11 March 2021. The drilling crew is currently testing environmental protection equipment, undergoing training for specialist equipment, and receiving site inductions in preparation for the commencement of drilling at
the first drilling site. The first site is near the edge of Lake Torrens at the target labelled Smith Dam 1. Argonaut anticipates that drilling will be underway early in the week commencing 15 March 2021. Drilling be conducted 24/7 in two daily shifts. A camp has been established at Bosworth Homestead. This camp will be the base for staff and contractors working on the drilling program. There are currently 16 people on-site for the set-up process. In the longer-term, Argonaut expects to have a total of 12 staff and contractors on site at any particular time. The Murdie exploration licences covers two largescale, regional gravity anomalies - West Lake Torrens and Murdie. These anomalies represent locations with significant volumes of high-density rock that could contain economic IOCG deposits. Efforts are being focused on the West Lake Torrens anomaly. Argonaut has identified seven excellent drilling targets at the West Lake Torrens anomaly. Offshore targets are labelled Crystal Dam 1 to 3. Argonaut plans to drill test Smith Dam 1 and Smith Dam 2 first. Other targets will be prioritised on the basis of results. A volume of high-density rock causes a measurably higher gravitational pull at surface and this manifests as a gravity anomaly. Therefore, mineral explorers can use gravity surveys as a means to define gravity anomalies and potentially discover dense orebodies. IOCG orebodies contain high concentrations of iron and copper minerals making them particularly dense. The West Lake Torrens anomaly is a regional gravity anomaly. This type of anomaly is typically displayed as a "bouguer" gravity anomaly. The peak of the West Lake Torrens bouguer anomaly is 7 milligals above background levels. Initial 2021 drilling by Argonaut at the Murdie project will target "residual" gravity anomalies within the wider West
Lake Torrens anomaly. Tillkännagivande • Feb 25
Argonaut Resources NL (ASX:ARE) acquired Frome project located south of Lake Frome in South Australia. Argonaut Resources NL (ASX:ARE) acquired Frome project located south of Lake Frome in South Australia on February 24, 2021. As per terms of transaction, Argonaut Resources NL acquired EL6554, Frome Downs, EL6555, Curnamona and has option to acquire ELA 2021/003, Erudina. In a related transaction, 100% held subsidiary of Argonaut has entered an agreement with Groundwater Science Pty Ltd in relation to the Erudina exploration licence application, ELA2021/003.
Argonaut Resources NL (ASX:ARE) completed the acquisition of Frome project located south of Lake Frome in South Australia on February 24, 2021. Tillkännagivande • Feb 16
Argonaut Resources NL Updates on Murdie Project - Gravity Survey and Drilling Targets Argonaut Resources NL announced initial results of a ground gravity survey at the Company's 100% held Murdie copper project in South Australia. Argonaut is preparing to commence a major exploration drilling program around the western shoreline of Lake Torrens and Andamooka Island. The drilling program will target Iron Oxide Copper-Gold (IOCG) copper mineralisation in the style of Olympic Dam, Carrapateena and BHP's recent Oak Dam discovery. The Murdie exploration licences covers two largescale, regional gravity anomalies - West Lake Torrens and Murdie. These anomalies represent locations with significant volumes of high- density rock that could contain economic IOCG deposits. Efforts are being focused on the West Lake Torrens anomaly. Argonaut has identified seven excellent drilling targets. Argonaut plans to drill test Smith Dam 1 and Smith Dam 2 first. Other targets will be prioritised on the basis of results. A volume of higher density rock causes a measurably higher gravitational pull at surface and this manifests as a gravity anomaly. Therefore, mineral explorers can use gravity surveys as a means to define gravity anomalies and potentially discover dense orebodies. IOCG orebodies contain high concentrations of iron and copper minerals making them particularly dense. Tillkännagivande • Jan 29
Argonaut Resources NL Announces Drilling Contract to Undertake Deep Diamond Drilling At Murdie Copper Project in South Australia Argonaut Resources NL announced that it has executed a drilling contract to undertake deep diamond drilling at the Company's Murdie copper project in South Australia. Argonaut will proceed with a major exploration drilling program around the western shoreline of Lake Torrens and Andamooka Island. The drilling program will target iron oxide copper-gold (IOCG) copper mineralisation in the style of Olympic Dam, Carrapateena and BHP's recent Oak Dam discovery. The Murdie exploration licence covers two largescale, regional gravity anomalies - Murdie and West Lake Torrens. These anomalies represent locations with significant volumes of high-density rock that could contain economic IOCG deposits. Efforts are being focused on the West Lake Torrens anomaly. Drilling will target specific `residual gravity anomalies'. Residual anomalies are volumes of rock with a particularly high density that can be found within broader, regional anomalies. Details of residual gravity anomalies in the area of Carrapateena Well will be released once final processing and modelling has been completed. The track-mounted Sandvik DE740 drilling rig is capable of drilling cored holes to 1,800m. Drill holes are expected to be between 500 and 1,000m in depth. The contractor is currently sourcing the specialist equipment required for drilling in an environmentally sensitive location. Mobilisation to site is expected to occur in late February 2021. Geophysical crews have been working at the Murdie area since 20 October 2020. The crews are conducting a detailed ground gravity survey over selected areas to improve the accuracy of drill-target modelling. To date over 7,000 gravity stations have been surveyed including over the area of several confirmed drilling targets. A further 1,800 gravity stations will be surveyed in the coming weeks. Argonaut is pleased with both the results of the survey and the resolution of the data. Results of this work and its processing will be released when available. Argonaut Resources holds two highly prospective South Australian exploration licences, EL5937 and EL5945. The licences are contiguous with the Company's Torrens project in South Australia. The licence areas cover a confirmed IOCG target in an area known as Murdie as well as a second anomaly at West Lake Torrens. There are 54 known residual gravity targets within the area. The licences cover an area of 1,015 square kilometres and are located immediately south and east of the Torrens project and east of the Carrapateena mine. Tillkännagivande • Jan 04
Argonaut Resources NL Announces that Final Drilling Authorisation Granted for Murdie Project Argonaut Resources NL announced that an application under the Aboriginal Heritage Act 1988 (AHA) has been approved by the South Australian Government. This authorisation allows Argonaut to proceed with a major exploration drilling program around the western shoreline of Lake Torrens and Andamooka Island. The drilling program will target iron oxide copper-gold (IOCG) copper mineralisation in the style of Olympic Dam, Carrapateena and BHP's recent Oak Dam discovery. The Government has approved an application by Argonaut's 100% held subsidiary, Kelaray Pty Ltd, under the AHA. This is the final approval required to undertake a major drilling program around the western shoreline of Lake Torrens, as well as on the lake itself. The approval covers exploration drilling plus resource and reserve definition drilling. The authorisation area covers all areas within EL5937 and EL5945 that require specific AHA approval, including all IOCG targets within nearshore and offshore domains. Tillkännagivande • Sep 17
Argonaut Resources NL Announces Results from Drilling Recently Completed Near Higginsville, Western Australia Argonaut Resources NL announced results from drilling recently completed near Higginsville, Western Australia. Highlights include: Results from the 2020 drilling program include: AMRC024: 5m at 2.04g/t gold from 37m; AMRC023: 7m at 0.38g/t gold from 57m; AMRC022: 6m at 0.33g/t gold from 22m; AMRC025: 2m at 0.92g/t gold from 71m. Drilling results previously generated by Argonaut at the Amorphous Gold Deposit included: AMRC005: 4m at 1.53g/t gold from 69m and 11m at 2.76g/t gold from 77m; including 6m at 4.62g/t gold from 81m; including 3m at 7.47g/t gold from 82m; AMRC006: 6m at 2.37g/t gold from 44m; including 3m at 4.38g/t gold from 45m; AMRC008: 3m at 1.66g/t gold from 56m; AMRC009: 2m at 1.28g/t gold from 22m; and AMRC015: 4m at 2.36g/t gold from 64m. Argonaut has elected to resample percussion drilling chip from drilling completed at the Island target and resubmit to the laboratory for further analysis. Four planned drill holes across two gold geochemistry anomalies at the Island target were not drilled due to adverse access conditions. These targets are prospective and warrant drill testing. Argonaut completed 10 RC drill holes at Amorphous for a total of 1,012m. Highlights of this program include: Drilling from the 2020 drilling program included: AMRC024: 5m at 2.04g/t gold from 37m; AMRC023: 7m at 0.38g/t gold from 57m; AMRC022: 6m at 0.33g/t gold from 22m; AMRC025: 2m at 0.92g/t gold from 71m; Argonaut first drilled the Amorphus gold deposit in 2017. This drilling program significantly increased the potential for a commercial gold deposit at Amorphous by demonstrating improved continuity of gold grades along a strike length of 800m. 
