Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Chairman John Anderson is the most experienced director on the board, commencing their role in 2025. Additional Independent Non-Executive Director Peter Swiridiuk was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Tillkännagivande • May 13
Emu NL has completed a Follow-on Equity Offering in the amount of AUD 2.539239 million. Emu NL has completed a Follow-on Equity Offering in the amount of AUD 2.539239 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 65,369,577
Price\Range: AUD 0.025
Discount Per Security: AUD 0.00025
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 36,200,000
Price\Range: AUD 0.025
Transaction Features: Rights Offering Tillkännagivande • Mar 25
Emu NL has filed a Follow-on Equity Offering in the amount of AUD 3.665259 million. Emu NL has filed a Follow-on Equity Offering in the amount of AUD 3.665259 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 146,610,377
Price\Range: AUD 0.025
Discount Per Security: AUD 0.00025
Security Features: Attached Options
Transaction Features: Rights Offering Board Change • Dec 24
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Chairman John Anderson is the most experienced director on the board, commencing their role in 2025. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 01
Emu NL Appoints Paul Ingram and Oliver Douglas as Director Emu NL announced the appointment of Paul Ingram and Oliver Douglas as director (Non-Board endorsed), at its AGM held on 28 November 2025. Tillkännagivande • Nov 21
Emu NL has completed a Follow-on Equity Offering in the amount of AUD 1.404 million. Emu NL has completed a Follow-on Equity Offering in the amount of AUD 1.404 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,000,000
Price\Range: AUD 0.036
Discount Per Security: AUD 0.0018
Transaction Features: Subsequent Direct Listing Tillkännagivande • Nov 14
Emu NL has filed a Follow-on Equity Offering in the amount of AUD 1.404 million. Emu NL has filed a Follow-on Equity Offering in the amount of AUD 1.404 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 39,000,000
Price\Range: AUD 0.036
Discount Per Security: AUD 0.0018
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 31
Emu NL, Annual General Meeting, Nov 28, 2025 Emu NL, Annual General Meeting, Nov 28, 2025. Location: at the offices of hopgoodganim lawyers, level 7, waterfront place, 1 eagle street brisbane qld 4000., Australia Tillkännagivande • Sep 30
Emu NL Announces Board Changes Emu NL at its General Meeting of Shareholders held on 29 September 2025, withdrawn the removal of Mr. Peter Thomas as a Director; approved the election of Mr. John Anderson as a Director; approved the removal of Mr. Oliver Douglas as a Director; approved the removal of Mr. Tim Staermose as a Director. Tillkännagivande • Sep 16
An undisclosed buyer entered into an agreement to acquire Coruscant Minerals Pty Ltd from Emu NL (ASX:EMU) for AUD 3.51 million. An undisclosed buyer entered into an agreement to acquire Coruscant Minerals Pty Ltd from Emu NL (ASX:EMU) for AUD 3.51 million on September 15, 2025. EMU has agreed to sell Coruscant in consideration for AUD 3.51 million payable: by an initial deposit o AUD 0.51 million upon execution; as to the next AUD 0.8 million at completion, as to a further AUD 1.2 million subject to and upon the production of 5000 ounces of gold from the Badja Gold Project; and the balance of AUD 1 million subject to and upon the production of a further 5000 ounces of gold from the Badja Gold Project.
The transaction is subject to and upon satisfactory completion of the buyer’s due diligence. Tillkännagivande • Sep 08
Emu NL has filed a Follow-on Equity Offering in the amount of AUD 1.826681 million. Emu NL has filed a Follow-on Equity Offering in the amount of AUD 1.826681 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 107,451,838
Price\Range: AUD 0.017
Security Features: Attached Options
Transaction Features: Rights Offering Tillkännagivande • Sep 05
Emu NL has withdrawn its Follow-on Equity Offering in the amount of AUD 1.826681 million. Emu NL has withdrawn its Follow-on Equity Offering in the amount of AUD 1.826681 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 107,451,838
Price\Range: AUD 0.017
Security Features: Attached Options
Transaction Features: Rights Offering Tillkännagivande • Aug 30
Emu NL, Annual General Meeting, Sep 29, 2025 Emu NL, Annual General Meeting, Sep 29, 2025. Location: the celtic club, 48 ord street, west perth, wa, 6005 Australia Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Peter Thomas was the last independent director to join the board, commencing their role in 2007. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 30
Emu NL Receives a Notice from Wayburn Holdings Pty Ltd On June 30, 2025, Emu NL announced that on January 23, 2025, it has received a notice under section 249D notice from a group of shareholders (Requisitioning Shareholders) Wayburn Holdings Pty Ltd seeking to convene a general meeting to consider resolutions for the removal of 2 of the Company’s 3 directors, Peter Thomas and Roland Bartsch and for the appointment of Keith Rowe and John Anderson as the director of the Company. Tillkännagivande • May 14
Emu NL has completed a Follow-on Equity Offering in the amount of AUD 0.3 million. Emu NL has completed a Follow-on Equity Offering in the amount of AUD 0.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,647,059
Price\Range: AUD 0.017
Transaction Features: Subsequent Direct Listing Tillkännagivande • Jan 24
Emu NL Announces Executive Changes Emu NL announced the following changes to the company secretarial role: Mr. Rudolf Tieleman has been appointed as Company Secretary effective from 23 January 2025 and is now the representative responsible under ASX Listing Rule 12.6 for communication with the ASX. Mr. Damien Kelly has tendered his resignation as Company Secretary with effect from 23 January 2025. The Company gratefully thanks him for his contributions and wishes him every success with his new direction into the world of Western Australian politics. Tillkännagivande • Dec 16
Emu NL has completed a Follow-on Equity Offering in the amount of AUD 1.525 million. Emu NL has completed a Follow-on Equity Offering in the amount of AUD 1.525 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,000,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing Tillkännagivande • Nov 02
Emu NL, Annual General Meeting, Nov 29, 2024 Emu NL, Annual General Meeting, Nov 29, 2024. Location: at the celtic club, 48 ord street, west perth, wa. Australia Tillkännagivande • Oct 21
Emu NL has filed a Follow-on Equity Offering in the amount of AUD 0.525 million. Emu NL has filed a Follow-on Equity Offering in the amount of AUD 0.525 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,000,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Transaction Features: Subsequent Direct Listing New Risk • Oct 01
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 Shares are highly illiquid. Shareholders have been substantially diluted in the past year (152% increase in shares outstanding). Revenue is less than US$1m (AU$42k revenue, or US$29k). Market cap is less than US$10m (AU$2.99m market cap, or US$2.07m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Board Change • Sep 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Non Executive Director Tim Staermose was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jul 18
Non Executive Director recently bought AU$73k worth of stock On the 9th of July, Tim Staermose bought around 3m shares on-market at roughly AU$0.025 per share. This transaction increased Tim's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$136k more in shares than they have sold in the last 12 months. Board Change • Jul 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non Executive Director Tim Staermose was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% 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. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (AU$42k revenue, or US$28k). Market cap is less than US$10m (AU$2.60m market cap, or US$1.73m). Board Change • May 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non Executive Director Tim Staermose was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 16
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$2.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Shares are highly illiquid. Revenue is less than US$1m (AU$47k revenue, or US$31k). Market cap is less than US$10m (AU$2.14m market cap, or US$1.40m). Minor Risk Shareholders have been diluted in the past year (38% increase in shares outstanding). Tillkännagivande • Mar 13
Emu NL, Annual General Meeting, Apr 11, 2024 Emu NL, Annual General Meeting, Apr 11, 2024, at 17:00 W. Australia Standard Time. Location: Celtic Club, 48 Ord Street West Perth Western Australia Australia Agenda: To approve consolidate share capital; and to consider other business matters. Board Change • Mar 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non Executive Director Tim Staermose was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non Executive Director Tim Staermose was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 15
Emu NL has completed a Follow-on Equity Offering in the amount of AUD 0.862125 million. Emu NL has completed a Follow-on Equity Offering in the amount of AUD 0.862125 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 217,500,000
Price\Range: AUD 0.0015
Discount Per Security: AUD 0.00009
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 357,250,007
Price\Range: AUD 0.0015
Discount Per Security: AUD 0.00009
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Nov 01
Emu NL, Annual General Meeting, Nov 30, 2023 Emu NL, Annual General Meeting, Nov 30, 2023, at 12:00 W. Australia Standard Time. Location: The Celtic Club, 48 Ord, West Perth Western Australia Australia Agenda: To receive and consider the Financial Report, together with the Directors' Report and the Auditor's Report,for the financial year ended 30 June 2023; to adopt Remuneration Report; to consider re-election of peter thomas as a director; to consider and approval to ratify issue of shares - 20 october 2023 placement; to consider and approval of issue of options to applicants - october 2023 placement; to consider and approval to issue shares and attaching options; to consider and approval of issue of options to broker; and to consider other matters. Board Change • Apr 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non Executive Director Tim Staermose was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non Executive Director Tim Staermose was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non Executive Director Tim Staermose was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non Executive Director Tim Staermose was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 02
Non Executive Director recently sold AU$52k worth of stock On the 26th of March, Tim Staermose sold around 1m shares on-market at roughly AU$0.052 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Oct 02
Full year earnings released - AU$0.013 loss per share Over the last 12 months the company has reported total losses of AU$3.73m, with losses widening by 12% from the prior year. Total revenue was AU$301.8k over the last 12 months, up by AU$299.2k from the prior year.