Duyuru • May 13
Desert Metals Limited has completed a Derivatives Offering in the amount of AUD 0.325377 million. Desert Metals Limited has completed a Derivatives Offering in the amount of AUD 0.325377 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 177,746,685
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Security Name: Options
Security Type: Equity Option
Securities Offered: 147,630,337
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Transaction Features: Rights Offering Duyuru • Apr 08
Desert Metals Limited has announced a Derivatives Offering in the amount of AUD 0.325377 million. Desert Metals Limited has announced a Derivatives Offering in the amount of AUD 0.325377 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 325,376,901
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Transaction Features: Rights Offering Duyuru • Jan 27
Desert Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25 million. Desert Metals 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: 64,000,000
Price\Range: AUD 0.0065
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 128,307,692
Price\Range: AUD 0.0065
Transaction Features: Subsequent Direct Listing Duyuru • Dec 09
Desert Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million. Desert Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 64,000,000
Price\Range: AUD 0.0065
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 128,307,692
Price\Range: AUD 0.0065
Transaction Features: Subsequent Direct Listing Duyuru • Oct 07
Desert Metals Limited, Annual General Meeting, Nov 25, 2025 Desert Metals Limited, Annual General Meeting, Nov 25, 2025. New Risk • Aug 25
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 18% 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 74% per year over the past 5 years. Shareholders have been substantially diluted in the past year (70% increase in shares outstanding). Revenue is less than US$1m (AU$87k revenue, or US$56k). Market cap is less than US$10m (AU$7.69m market cap, or US$4.99m). Minor Risk Share price has been volatile over the past 3 months (18% average weekly change). Duyuru • Apr 16
Desert Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.25 million. Desert Metals Limited 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: 58,394,884
Price\Range: AUD 0.0195
Discount Per Security: AUD 0.00117
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 108,271,783
Price\Range: AUD 0.0195
Discount Per Security: AUD 0.00117
Transaction Features: Subsequent Direct Listing Duyuru • Feb 19
Desert Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.25 million. Desert Metals Limited 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: 58,394,884
Price\Range: AUD 0.0195
Discount Per Security: AUD 0.00117
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 108,271,783
Price\Range: AUD 0.0195
Discount Per Security: AUD 0.00117
Transaction Features: Subsequent Direct Listing Duyuru • Oct 04
Desert Metals Limited, Annual General Meeting, Nov 28, 2024 Desert Metals Limited, Annual General Meeting, Nov 28, 2024. New Risk • Sep 20
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 Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (266% increase in shares outstanding). Revenue is less than US$1m (AU$13k revenue, or US$9.1k). Market cap is less than US$10m (AU$6.10m market cap, or US$4.16m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change). Duyuru • Aug 07
Desert Metals Limited Appoints Fatou S. Gueye as Non-Executive Director Desert Metals Limited announced the appointment of West African mining professional Ms. Fatou S. Gueye as a Non-Executive Director. Ms. Gueye is the Co-Founder and Director of Sanu Gold Corporation and has extensive experience as a senior executive in financial services, consulting, and mining roles in Australia, the US, and Africa. She helped assemble Sanu Gold's portfolio of gold projects in Guinea and has gained considerable experience in exploration and mining finance, particularly for West African explorers and developers. Ms. Gueye has an extensive network across government and administration in several West African countries and has provided expert advice to numerous publicly traded and privately held mining and finance companies operating in Africa and Australia. Desert Metals also advises that Non-Executive Director Dr. Robert Stuart has resigned from the Board, effective immediately, to pursue other interests. Dr. Stuart is the founder and former Managing Director of the Company. He was instrumental in assembling DM1's Western Australian portfolio of assets, completed its listing on the ASX in 2020, and has been the driver of the Company's WA exploration programs. He also identified the portfolio of Cote d'Ivoire mineral assets as a very prospective opportunity for DM1, which it acquired earlier this year. Duyuru • Feb 05
Desert Metals Limited Announces Management Changes Desert Metals Limited announced the appointment of Mr. Paul Jurman to the position of Company Secretary, replacing Mr. Paul Heatley, with effect from 5 February 2024. Mr. Jurman is a CPA with more than 20 years' experience and has been involved with a diverse range of Australian public listed companies in company secretarial and financial roles. He has extensive experience including liaison with ASX and ASIC, control and implementation of corporate governance, statutory financial reporting, and shareholder relations. He is currently company secretary of Lord Resources Limited, Platina Resources Limited, Carnavale Resources Limited and Tempest Minerals Limited. Board Change • Jan 29
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Mark Stewart was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jan 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 163% 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. Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (163% increase in shares outstanding). Revenue is less than US$1m (AU$23k revenue, or US$15k). Market cap is less than US$10m (AU$6.28m market cap, or US$4.13m). Duyuru • Dec 06
Desert Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.75 million. Desert Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 115,384,615
Price\Range: AUD 0.0325
Discount Per Security: AUD 0.00195
Transaction Features: Subsequent Direct Listing Duyuru • Oct 13
Desert Metals Limited, Annual General Meeting, Nov 15, 2023 Desert Metals Limited, Annual General Meeting, Nov 15, 2023, at 13:30 W. Australia Standard Time. Location: The Park Business Centre, 45 Ventnor Avenue, West Perth WA 6005 West Perth Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider ADOPTION OF REMUNERATION REPORT; to consider RE-ELECTION OF DIRECTOR KEITH MURRAY; to consider APPROVAL OF 7.1A MANDATE; to consider REPLACEMENT OF CONSTITUTION; to consider ADOPTION OF EMPLOYEE SECURITIES INCENTIVE PLAN; and to consider other matters. Duyuru • Aug 09
Desert Metals Limited (ASX:DM1) agreed to acquire 60% stake in Little Gap Well and Mount Opal Gold Projects for AUD 0.37 million. Desert Metals Limited (ASX:DM1) agreed to acquire 60% stake in Little Gap Well and Mount Opal Gold Projects for AUD 0.37 million on August 8, 2023. Duyuru • Feb 03
Desert Metals Limited, Annual General Meeting, Mar 07, 2023 Desert Metals Limited, Annual General Meeting, Mar 07, 2023, at 11:00 W. Australia Standard Time. Location: CWA Conference Room 1176 Hay Street West Perth WA 6005 West Perth Australia Agenda: To consider the ratification of prior issue of placement shares; to consider the approval to issue placement options; and to consider the director participation in placement - Keith Murray. 