Board Change • May 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. 1 highly experienced director. Independent Non-Executive Chairman Les Pereira was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • May 01
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 Chairman Les Pereira was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 24
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 Chairman Les Pereira was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Oct 01
Estrella Resources Limited, Annual General Meeting, Nov 27, 2025 Estrella Resources Limited, Annual General Meeting, Nov 27, 2025. Board Change • Aug 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. 1 highly experienced director. Independent Non-Executive Chairman Les Pereira was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Jun 30
Estrella Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5.35 million. Estrella Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 5.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 58,333,333
Price\Range: AUD 0.006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 136,761,488
Price\Range: AUD 0.03656
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Feb 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 33% per year over the past 5 years. 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 (15% increase in shares outstanding). Market cap is less than US$100m (AU$70.9m market cap, or US$45.1m). Board Change • Feb 04
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 Chairman Les Pereira was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Jan 31
Estrella Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.75 million. Estrella Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 3.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,000,000
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Les Pereira was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Duyuru • Nov 14
Estrella Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.25 million. Estrella Resources 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: 50,000,000
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,333,333
Price\Range: AUD 0.015
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Oct 02
Estrella Resources Limited, Annual General Meeting, Nov 28, 2024 Estrella Resources Limited, Annual General Meeting, Nov 28, 2024. New Risk • Sep 24
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 Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m (AU$406k revenue, or US$278k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$20.0m market cap, or US$13.7m). Duyuru • Sep 03
Estrella Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5.35 million. Estrella Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 5.35 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 58,333,333
Price\Range: AUD 0.006
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: AUD 0.02
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Feb 29
Estrella Resources Limited has announced a Derivatives Offering in the amount of AUD 0.175937 million. Estrella Resources Limited has announced a Derivatives Offering in the amount of AUD 0.175937 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 175,937,187
Price\Range: AUD 0.001
Transaction Features: Rights Offering New Risk • Oct 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 Less than 1 year of cash runway based on free cash flow trend (-AU$5.2m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 3.3% per year over the past 5 years. Revenue is less than US$1m (AU$406k revenue, or US$257k). Market cap is less than US$10m (AU$10.6m market cap, or US$6.69m). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Duyuru • Oct 21
Estrella Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.65 million. Estrella Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.65 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 275,000,000
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Transaction Features: Subsequent Direct Listing Duyuru • Oct 07
Estrella Resources Limited, Annual General Meeting, Nov 28, 2023 Estrella Resources Limited, Annual General Meeting, Nov 28, 2023. Agenda: To consider election of Directors. New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Less than 1 year of cash runway based on free cash flow trend (-AU$8.8m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 0.1% per year over the past 5 years. Revenue is less than US$1m (AU$2.3k revenue, or US$1.5k). Market cap is less than US$10m (AU$11.1m market cap, or US$7.16m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (12% increase in shares outstanding). New Risk • Sep 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 2022. 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 Less than 1 year of cash runway based on free cash flow trend (-AU$8.8m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 0.1% per year over the past 5 years. Revenue is less than US$1m (AU$2.3k revenue, or US$1.5k). Market cap is less than US$10m (AU$11.9m market cap, or US$7.65m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (12% increase in shares outstanding). Duyuru • Feb 18
Estrella Resources Limited Updates on Spargoville 5A Bulk Sample and DFS Estrella Resources Limited announced that the delivery of the bulk metallurgical sample from the Spargoville 5A Nickel Mine, located approximately 20km Southwest of Kambalda, to MMO's HPAL Plant was successfully concluded on the 3rd of February 2023. The total 5A bulk metallurgical sample landed at Glencore's MMO was 2,413 wet metric tonnes, with an average moisture content of 3.34%. Assays received from the laboratory confirmed that the trial parcel was within all specifications stipulated by Glencore, and MMO has begun processing the sample. Details on the performance of the 5A mineralisation through the HPAL process will be determined during the current quarter and will inform the DFS. A 50% provisional payment for 1,994 WMT of material delivered in January has been received from Glencore. Final payment to be calculated based upon March's LME nickel weighted average price. A similar arrangement will occur for the balance of 418 WMT delivered in February where pricing will be the April LME nickel WAP. The Company anticipates a successful outcome to the bulk sample trial at MMO which will pave the way for the completion of the 5A Definitive Feasability Study which is currently well underway. The basis of the DFS involves a simple open-pit cut-back to access the very high-grade transitional massive sulphidematerial of which there is around 16,000t grading 7.8% Ni within the Measured Resource category. This will be blended with the matrix mineralisation and trucked to a third party. Minecomp in Kalgoorlie has completed the open pit cutback design with structural and stability input from Green Geotechnical. Minecomp is in the last stages of finalising the site lay-out plans required for environmental and departmental approvals. The ore and waste schedules have been finalised which can now be used to inform a more detailled financial model and revenue forecast. MBS Environmental has been engaged to assist the company with the statutory approvals process, wastemanagement and the Mine Closure Plan. Testing of the expected waste material to date has indicated that all waste from the mine should be self-neutralising and will not pose any environmental risk. Any wastesulphide material can be safely managed by encaptulating it within the waste dump. A long-section through the 5A Measured Resource with the existing and optimised open pits. The majority of the measured category is expected to be extracted, leaving behind the thinner fringe zones of mineralisation that would suffer too much dilution during mining to be economic. The Company looks forward to updating shareholders further as the Spargoville Nickel Project progresses. Duyuru • Jan 05
Estrella Resources Limited Provides Update to the Extraction of Bulk High Grade Nickel Sulphide Ore Which Will Be Sent to Glencore's Murrin Murrin HPAL Process Facility Estrella Resources Limited provided an update to the extraction of bulk high grade nickel sulphide ore which will be sent to Glencore's Murrin Murrin HPAL process facility. The mining and crushing of the high grade nickel sulphide ore has successfully been completed. This is a real credit to the contractors and staff involved at a difficult time of the year. The Company currently estimates that it will be able to truck approximately 2,500 tonnes of high grade nickel sulphide ore to Glencore's Murrin Murrin HPAL process facility this month. Laboratory assays are underway to determine the expected delivered ore grade and moisture contents. A further 1,000 tonnes of low grade nickel sulphide material will be retained by the company which will be utilized for metallurgical test work on new process flowsheet designs for the nickel sulphide resources. A positive process outcome for the nickel sulphide ore via the Murrin Murrin HPAL route will provide the Company with a strong basis to fully develop the 5A nickel mine resources via simple pit cut back mining methods and further develop remaining nickel resources at Andrews, 5B and 1A nickel deposits. As nickel prices continue to rally pushing through AUD 40,000 per tonne prior to the year ending, decision to retain the Spargoville Nickel Rights assets and push forward with their development looks at this stage to be the right decision and well timed for shareholders. 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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Les Pereira was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 27
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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Les Pereira was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 08
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. 3 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Les Pereira was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.