New Risk • Jun 24
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$20.1m). Board Change • May 20
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 Simon Mitchell is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • May 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. Independent Chairman Simon Mitchell is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 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 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. Board Change • Aug 18
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. 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 • 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 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 • 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). 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 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.2m (US$9.43m) 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 (21% average weekly change). 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$9.43m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). 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). Share price has been volatile over the past 3 months (16% average weekly change). 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 (16% average weekly change). Board Change • Mar 13
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. 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). Shares are highly illiquid. 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 02
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. 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 27
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. 
