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. 3 non-independent directors. Company Secretary & Independent Non-Executive Director Dan Smith was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
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. Company Secretary & Independent Non-Executive Director Dan Smith was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 17
QX Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.255 million. QX Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.255 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 205,000,000
Price\Range: AUD 0.005
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,000,000
Price\Range: AUD 0.005
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Feb 03
QX Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.23 million. QX Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.23 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000,000
Price\Range: AUD 0.005
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,000,000
Price\Range: AUD 0.005
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
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. Company Secretary & Independent Non-Executive Director Dan Smith was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Sep 09
QX Resources Limited, Annual General Meeting, Nov 13, 2025 QX Resources Limited, Annual General Meeting, Nov 13, 2025. Duyuru • Sep 03
QX Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.310329 million. QX Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.310329 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 327,582,217
Price\Range: AUD 0.004
Discount Per Security: AUD 0.00016
Transaction Features: Subsequent Direct Listing Duyuru • Aug 26
QX Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.818956 million. QX Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.818956 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 204,738,885
Price\Range: AUD 0.004
Security Features: Attached Options
Transaction Features: Rights Offering Duyuru • Jan 17
QX Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. QX Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 170,000,000
Price\Range: AUD 0.005
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.005
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Dec 31
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). Company Secretary & Independent Non-Executive Director Dan Smith was the last independent director to join the board, commencing their role in 2018. 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 • Nov 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$6.40m market cap, or US$4.19m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Duyuru • Oct 28
QX Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. QX Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 170,000,000
Price\Range: AUD 0.005
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.005
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Sep 29
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 Less than 1 year of cash runway based on free cash flow trend (-AU$1.8m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (AU$134k revenue, or US$92k). Market cap is less than US$10m (AU$7.77m market cap, or US$5.37m). 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 (24% increase in shares outstanding). Duyuru • Sep 20
QX Resources Limited, Annual General Meeting, Nov 21, 2024 QX Resources Limited, Annual General Meeting, Nov 21, 2024. New Risk • Jun 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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$1.8m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (AU$134k revenue, or US$89k). Market cap is less than US$10m (AU$6.66m market cap, or US$4.44m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Apr 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.5m (US$9.98m) 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 Less than 1 year of cash runway based on free cash flow trend (-AU$1.8m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m (AU$134k revenue, or US$86k). Market cap is less than US$10m (AU$15.5m market cap, or US$9.98m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Feb 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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$1.7m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (AU$134k revenue, or US$87k). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (AU$15.5m market cap, or US$10.1m). Duyuru • Oct 27
QX Resources Limited Announces Resignation of Benjamin Jarvis, Effective 27 October 2023 QX Resources Limited announced the resignation of Mr. Benjamin Jarvis, effective from 27 October 2023, due to the increased commitments required for his other business opportunities. New Risk • Oct 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% 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$1.7m free cash flow). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (AU$134k revenue, or US$85k). Minor Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (AU$20.7m market cap, or US$13.2m). New Risk • Sep 30
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$1.7m 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$1.7m free cash flow). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (AU$231k revenue, or US$148k). Minor Risks Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Market cap is less than US$100m (AU$21.5m market cap, or US$13.8m). Duyuru • Sep 30
QX Resources Limited, Annual General Meeting, Nov 29, 2023 QX Resources Limited, Annual General Meeting, Nov 29, 2023, at 12:00 E. Australia Standard Time. Location: Sanlam Private Wealth, Level 2, 33 York Street Sydney Australia Duyuru • May 18
QX Resources Limited agreed to acquire Liberty Lithium project in California, USA. QX Resources Limited entered into letter of intent agreement to acquire Liberty Lithium project in California, USA on May 17, 2023. The LOI provides QXR with a 75 day exclusivity period to undertake due diligence and negotiate terms for a potential acquisition of 75% of the project. . A fee of USD 50,000 will be paid for this exclusive LOI period, which would become a break fee if a transaction was not finalized. Duyuru • Feb 18
QX Resources Limited Recommences RC Drilling at the 100%-Owned Turner River Hard Rock Lithium Project QX Resources Limited provided that it has recommenced RC drilling at the Company's 100%-owned Turner River hard rock lithium project, located 15 km to south-east of Mineral Resources' Wodgina lithium mine, located within the Pilbara lithium province of Western Australia. In December 2022, QXR undertook a ~1,200m maiden RC drill program at Turner River. The maiden program produced encouraging indications of significant areas of potential lithium bearing pegmatites observed in drill pads and drill chips at QXR's 100%-owned Turner River hard rock lithium project (Carbonate Hill prospect). These indications extend beyond the area with previously reported high grade rock chip samples of 1.6% Li2O, 1.1% Li2O and 4.9% Li2O. Pegmatites and potential lithium rich micas were intersected in the maiden drilling, based on visual observations, which achieved the aim of the maiden drill program. Drilling targeted the potential for either lithium mica and spodumene bearing pegmatites, or a new style of large tonnage hard rock lithium deposit hosted near the top of a large granite body rich in lithium micas. Assay results from the first phase of the program are anticipated in mid-February. Results from the follow-up program are expected ~6 weeks after completion of the program. The Yule River project (140km2) has been granted for an initial 5-year term. The Yule River project is an exploration stage package which lies wholly within the Yule Granitoid Complex, which has interpreted pegmatite occurrences (Figure 5). From initial due diligence, the Company understands the granite within the tenement has been intruded by the Split Rock Supersuite with which the Wodgina, Pilgangoora and Global Lithium deposits are associated. All of the tenements applied for by the Company are now fully granted in the highly-prospective Pilbara lithium region, following the grant of Yule River. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Ben Jarvis was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Ben Jarvis was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 