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. 2 non-independent directors. Independent Non Executive Chairman Paul Lloyd was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 28
Lord Resources Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 1.637269 million. Lord Resources Limited has withdrawn its Follow-on Equity Offering in the amount of AUD 1.637269 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 44,250,507
Price\Range: AUD 0.037
Transaction Features: Rights Offering Duyuru • Oct 07
Lord Resources Limited, Annual General Meeting, Nov 28, 2025 Lord Resources Limited, Annual General Meeting, Nov 28, 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 Paul Lloyd was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 30
Lord Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.393668 million. Lord Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.393668 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 77,426,013
Price\Range: AUD 0.018
Transaction Features: Rights Offering 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 Director Chris Swallow was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 04
Lord Resources Limited, Annual General Meeting, Nov 29, 2024 Lord Resources Limited, Annual General Meeting, Nov 29, 2024. Reported Earnings • Sep 14
Full year 2024 earnings released: AU$0.047 loss per share (vs AU$0.062 loss in FY 2023) Full year 2024 results: AU$0.047 loss per share (improved from AU$0.062 loss in FY 2023). Net loss: AU$2.13m (loss narrowed 12% from FY 2023). Duyuru • Jul 25
Lord Resources Limited Announces CEO Changes Lord Resources Limited announced the appointment of Mr. Andrew Taylor as Chief Executive Officer, effective 1 August 2024. A geologist with more than 15 years' experience, Mr. Taylor was the geological consultant to the vendors of the Bellevue Gold Project and a facilitator of the transaction into Draig Resources Limited and continued to consult to Bellevue on exploration targeting through to securing EIS funding of the discovery hole for the "The Gap" zone and underground mine extension. Andrew has extensive experience as both a project vendor, and technical consultant, having been involved with the delineation of over 1Moz of gold resources and is currently undertaking a strategic review of the existing Lord tenure while assessing a number of potential high-value acquisition targets for the Company. Mr. Taylor is a Member of the Australian Institute of Geoscientists and a Competent Person under JORC reporting guidelines. The company thanked outgoing Managing Director Barnaby Egerton-Warburton for his contribution over the past few years, as he led the Company through its IPO, initial exploration and JV with MinRes. Barnaby will remain on the Board as a Non-Executive director. New Risk • Jul 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 70% 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 Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 46% 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$69k revenue, or US$47k). Market cap is less than US$10m (AU$2.56m market cap, or US$1.73m). Duyuru • Jun 27
Lord Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Lord Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,750,000
Price\Range: AUD 0.05
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,250,000
Price\Range: AUD 0.05
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • May 22
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 Less than 1 year of cash runway based on free cash flow trend (-AU$2.0m free cash flow). Shares are highly illiquid. Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (AU$69k revenue, or US$46k). Market cap is less than US$10m (AU$2.96m market cap, or US$1.97m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). New Risk • May 03
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$2.0m 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$2.0m free cash flow). Shares are highly illiquid. Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (AU$69k revenue, or US$45k). Market cap is less than US$10m (AU$2.24m market cap, or US$1.47m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). 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 Director Chris Swallow was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 13
First half 2024 earnings released: AU$0.029 loss per share (vs AU$0.029 loss in 1H 2023) First half 2024 results: AU$0.029 loss per share (in line with 1H 2023). Net loss: AU$1.24m (loss widened 13% from 1H 2023). New Risk • Mar 09
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$2.0m 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$2.0m free cash flow). Shares are highly illiquid. Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m (AU$69k revenue, or US$46k). Market cap is less than US$10m (AU$2.28m market cap, or US$1.51m). Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). Duyuru • Oct 02
Lord Resources Limited, Annual General Meeting, Nov 22, 2023 Lord Resources Limited, Annual General Meeting, Nov 22, 2023, at 14:30 W. Australia Standard Time. Duyuru • Feb 08
Lord Resources Limited Announces the Results from its Infill Surface Sampling at Horse Rocks Lithium Project in Western Australia Lord Resources Limited announced the results from its infill surface sampling at Horse Rocks Lithium Project (E15/1770), located 20km south of Coolgardie, in Western Australia. The Project is within 8km's of Mineral Resources Limited's Mt Marion Lithium Mine. The ground surrounding E15/1770 tenement is held by Mineral Resources Limited (E15/1599, EEL53, EEL59) and Essential Metals Limited (E15/1710). Surface Geochemical Sampling: An infill surface sampling program has been completed at the Horse Rocks Lithium Project. A total of 358 samples were collected in December 2022, over areas of anomalism outlined in the initial surface sampling program. The samples were collected on a 50m by 100m grid, from depths between 0.2m and 1.2m. The infill sampling has confirmed the anomalism outlined in the initial surface sampling program and has further refined areas of lithium anomalism. Peak values of 1,456ppm (0.15%) Li2O, 91ppm Ta2O5 and 349ppm Cs2O were returned from various samples, with 30% of samples (109 out of 358) returning assays of over 100ppm Li2O. The low K/Rb (potassium/rubidium <40) ratios at all the geochemical anomalies are an indication of fractionated pegmatites. Drill Planning: A review of the geochemical anomalies at the Horse Rocks Project has defined multiple high priority drill targets, which correlate with pegmatites mapped at surface. A heritage survey has been booked for next week and drilling is expected to commence in March /April 2023. Rock Sampling: Results from rock chip samples collected towards the end of 2022. Multiple samples returned results considered significant for lithium mineralisation and were collected from pegmatites with higher priority soil anomalism: 22HR046 - 25370ppm (2.54%) Li2O, 2036ppm Cs2O and 76ppm Ta2O5 from a sample of float pegmatite with lepidolite, muscovite and quartz. 