Board Change • May 20
No independent 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. No independent directors (4 non-independent directors). MD & Director Don Hyma was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 01
No independent 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. No independent directors (4 non-independent directors). MD & Director Don Hyma was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). MD & Director Don Hyma was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Sep 10
Caravel Minerals Limited, Annual General Meeting, Oct 31, 2025 Caravel Minerals Limited, Annual General Meeting, Oct 31, 2025. Board Change • Aug 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Director Don Hyma was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Feb 13
Caravel Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Caravel Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,172,414
Price\Range: AUD 0.145
Discount Per Security: AUD 0.0087
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,310,345
Price\Range: AUD 0.145
Discount Per Security: AUD 0.0087
Transaction Features: Subsequent Direct Listing Board Change • Feb 04
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Director Don Hyma was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. MD & Director Don Hyma was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 02
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$6.4m Forecast net loss in 3 years: AU$80m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$80m net loss in 3 years). Market cap is less than US$100m (AU$83.9m market cap, or US$55.0m). Duyuru • Oct 18
Caravel Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million. Caravel Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,482,759
Price\Range: AUD 0.145
Discount Per Security: AUD 0.0087
Transaction Features: Subsequent Direct Listing Duyuru • Oct 01
Caravel Minerals Limited, Annual General Meeting, Nov 25, 2024 Caravel Minerals Limited, Annual General Meeting, Nov 25, 2024. New Risk • Jul 01
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$11m 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$11m free cash flow). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Market cap is less than US$100m (AU$97.0m market cap, or US$64.7m). Breakeven Date Change • Jun 30
Forecast to breakeven in 2027 The analyst covering Caravel Minerals expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$263.1m in 2027. Average annual earnings growth of 89% is required to achieve expected profit on schedule. New Risk • Jun 13
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 12% 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 Less than 1 year of cash runway based on current free cash flow (-AU$11m). Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Market cap is less than US$100m (AU$110.1m market cap, or US$73.3m). Duyuru • Oct 02
Caravel Minerals Limited, Annual General Meeting, Nov 30, 2023 Caravel Minerals Limited, Annual General Meeting, Nov 30, 2023. Agenda: To approve the re-election of directors. New Risk • Sep 28
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$11m 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$11m free cash flow). Earnings are forecast to decline by an average of 61% per year for the foreseeable future. Revenue is less than US$1m (AU$717k revenue, or US$457k). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$45m net loss in 3 years). Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (AU$78.3m market cap, or US$49.9m). Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Board Advisor Don Hyma was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Board Advisor Don Hyma was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Jan 04
New 90-day high: AU$0.24 The company is up 153% from its price of AU$0.095 on 02 October 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: AU$0.21 The company is up 100% from its price of AU$0.10 on 23 September 2020. The Australian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 14% over the same period. 
