Board Change • May 20
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 Director Peter Christie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
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 Director Peter Christie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
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 Christie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 19
Mount Ridley Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 0.105 million. Mount Ridley Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 0.105 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 52,500,000
Price\Range: AUD 0.002
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Sep 16
Mount Ridley Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 0.596839 million. Mount Ridley Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 0.596839 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 95,454,664
Price\Range: AUD 0.002
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 202,964,641
Price\Range: AUD 0.002
Security Features: Attached Options
Transaction Features: Rights Offering Tillkännagivande • Aug 21
Mount Ridley Mines Limited, Annual General Meeting, Oct 16, 2025 Mount Ridley Mines Limited, Annual General Meeting, Oct 16, 2025. 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 Christie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Aug 16
Mount Ridley Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 0.596842 million. Mount Ridley Mines Limited has filed a Follow-on Equity Offering in the amount of AUD 0.596842 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 298,420,787
Price\Range: AUD 0.002
Security Features: Attached Options
Transaction Features: Rights Offering Tillkännagivande • Aug 15
Mount Ridley Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 0.233547 million. Mount Ridley Mines Limited has completed a Follow-on Equity Offering in the amount of AUD 0.233547 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 116,773,352
Price\Range: AUD 0.002
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Apr 02
Mount Ridley Mines Limited Announces Board Changes, with Immediate Effect from 2 April 2025 Mount Ridley Mines Ltd. announced that Mr. Cameron Clifton has resigned as Non-Executive Director to pursue other business interests, with immediate effect from 2 April 2025. The Company announced that Mr. Pedro Kastellorizos has joined the Board as a Non-Executive Director effective immediately on 2 April 2025. Mr. Kastellorizos has been a professional geologist with over 26 years of experience in the exploration, mining, and the corporate sectors. He has worked within senior technical and executive board positions within Australia and London, with vast experience in commodities such as precious metals, battery metals, base metals, uranium, molybdenum, tungsten and industrial minerals. He currently serves as the Managing Director and CEO of Argent Minerals Ltd. In 2009, Mr. Kastellorizos was the founder of Genesis Resources Ltd. along with other board positions including Managing Director in Eclipse Metals Ltd. (ASX:EPM), CEO in MinRex Resources Ltd. (ASX:MMR), Non-Executive Director of Batavia Mining Ltd, Non- Executive Director of Regency Mines plc and Groups Exploration Manager for Tennant Creek Gold Ltd. and Thor Mining plc. He holds a Bachelor of Science Degree and is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM). Board Change • Feb 04
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 Christie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
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 Christie was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 21
Full year 2024 earnings released: EPS: AU$0 (vs AU$0.001 loss in FY 2023) Full year 2024 results: EPS: AU$0 (improved from AU$0.001 loss in FY 2023). Revenue: AU$1.11m (up 63% from FY 2023). Net loss: AU$1.99m (loss narrowed 57% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Sep 16
Mount Ridley Mines Limited, Annual General Meeting, Nov 04, 2024 Mount Ridley Mines Limited, Annual General Meeting, Nov 04, 2024. Reported Earnings • Mar 18
First half 2024 earnings released: EPS: AU$0 (vs AU$0 in 1H 2023) First half 2024 results: EPS: AU$0 (in line with 1H 2023). Revenue: AU$1.03m (up AU$1.01m from 1H 2023). Net loss: AU$1.36m (loss narrowed 46% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. New Risk • Jan 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$7.78m (US$5.14m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.2m free cash flow). Share price has been highly volatile over the past 3 months (36% average weekly change). Earnings have declined by 52% per year over the past 5 years. Revenue is less than US$1m (AU$684k revenue, or US$451k). Market cap is less than US$10m (AU$7.78m market cap, or US$5.14m). Tillkännagivande • Sep 30
Mount Ridley Mines Limited, Annual General Meeting, Nov 20, 2023 Mount Ridley Mines Limited, Annual General Meeting, Nov 20, 2023. Reported Earnings • Sep 28
Full year 2023 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2022) Full year 2023 results: AU$0.001 loss per share (in line with FY 2022). Revenue: AU$708.1k (up AU$698.5k from FY 2022). Net loss: AU$4.65m (loss widened 7.8% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. New Risk • Aug 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.6m (US$9.96m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$4.7m free cash flow). Share price has been highly volatile over the past 3 months (37% average weekly change). Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m (AU$26k revenue, or US$17k). Market cap is less than US$10m (AU$15.6m market cap, or US$9.96m). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Reported Earnings • Mar 15
First half 2023 earnings released: EPS: AU$0 (vs AU$0 in 1H 2022) First half 2023 results: EPS: AU$0 (in line with 1H 2022). Net loss: AU$2.49m (loss widened AU$2.09m from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 146 percentage points per year, which is a significant difference in performance. Tillkännagivande • Jan 12
Mount Ridley Mines Limited Announces Drilling Commencing At the Mount Ridley Rare Earth Project Mount Ridley Mines Limited provided an update for its 100% owned Mount Ridley REE Project, located approximately 50km north of the Port of Esperance, Western Australia and with an area of approximately 3,400km. The Mount Ridley Project, with an area of approximately 3,400km2, is located on predominantly Crown Land approximately 35km north-east of the deep-water Port of Esperance, WA. The Project is also close to the Esperance-Kalgoorlie infrastructure corridor and Esperance Airport. Aircore drilling to commence expanding targets at known areas of REE mineralisation. Stage 3 Primary Target Expansion Drilling: The Company has received Programme of Works (POW) approvals from the Department of Mines Industry Regulation and Safety (DMIRS), which permits aircore drilling at all prospects, including Mia, Butch, Tyrrell's Keith's, Marcellus', Winston's, Jules' and Vincent's Prospects. Drilling will resume at the Mia Prospect on a 2,000m by 400m pattern, progressively being closed in to a 400m by 400m grid as results warrant, a process that will be undertaken at all targets. Further infill drilling will take place as required to enable JORC compliant Resource estimates to be completed. Extractive Metallurgy will commence concurrently. The Company has retained Independent Metallurgical Operations, a Perth-based metallurgical consultancy and laboratory, to plan and oversee REE extraction test work as the first step towards the development of a process flowsheet. In late 2022, the Company completed 20 PQ diamond drill core holes providing 961.5m of material for extractive metallurgical test work. Currently the core is being cut, photographed and non-destructively analysed using infra-red and x-ray techniques. A subset of the core will be analysed conventionally to provide baseline head grades. Board Change • Nov 17
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. 1 highly experienced director. Independent Non-Executive Director Simon Mitchell 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. 1 highly experienced director. Independent Non-Executive Director Simon Mitchell 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. Reported Earnings • Oct 01
Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0 in FY 2021) Full year 2022 results: AU$0.001 loss per share (further deteriorated from AU$0 in FY 2021). Net loss: AU$4.31m (loss widened 304% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 71% per year, which means it is well ahead of earnings. Reported Earnings • Mar 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0 (vs AU$0 in 1H 2021). Net loss: AU$400.7k (down 266% from profit in 1H 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jan 28
Insider recently bought AU$591k worth of stock On the 24th of January, Gavin Argyle bought around 79m shares on-market at roughly AU$0.0075 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$737k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jul 15
Insider recently bought AU$421k worth of stock On the 9th of July, Roger Blake bought around 300m shares on-market at roughly AU$0.0014 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$145k more in shares than they have sold in the last 12 months. Reported Earnings • Oct 01
Full year earnings released - AU$0.00015 loss per share Over the last 12 months the company has reported total losses of AU$376.3k, with losses narrowing by 36% from the prior year. 