New Risk • Jul 30
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 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. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m (AU$12k revenue, or US$8.7k). Market cap is less than US$10m (AU$10.1m market cap, or US$7.06m). New Risk • Jun 12
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 15% 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 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Revenue is less than US$1m (AU$12k revenue, or US$8.8k). Market cap is less than US$10m (AU$11.2m market cap, or US$7.90m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). 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. Independent Non-Executive Director Gemma Lee was the last independent director to join the board, commencing their role in 2022. 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. Independent Non-Executive Director Gemma Lee was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 20
Catalyst Metals Limited (ASX:CYL) completed the acquisition of West Bryah Basin copper-gold project in Australia from Star Minerals Limited (ASX:SMS). Catalyst Metals Limited (ASX:CYL) entered into binding agreement to acquire West Bryah Basin copper-gold project in Australia from Star Minerals Limited (ASX:SMS) for AUD 2.7 million on February 18, 2026. A cash consideration of AUD 1 million will be paid by Catalyst Metals Limited. The consideration consists of 0.23 million common equity of Catalyst Metals Limited to be issued for assets of West Bryah Basin copper-gold project in Australia. Catalyst will acquire 16.12 million Star Minerals shares though a placement of AUD 1 million, subject to completion of its purchase of the West Bryah Basin tenements from Star Minerals. In related transaction, Catalyst Metals Limited entered into binding agreement to acquire 50% Bryah Project from Albright Metals Limited for AUD 1.8 million with an option to acquire the remaining 50% for a further AUD 2.2 million.
Completion to occur following receipt of Ministerial and third-party royalty holder consents.
Catalyst Metals Limited (ASX:CYL) completed the acquisition of West Bryah Basin copper-gold project in Australia from Star Minerals Limited (ASX:SMS) on March 19, 2026. The conditions for the transaction have been met for a consideration of AUD 2.75 million, comprising AUD 1 million cash and 230,536 CYL shares. Additionally, Catalyst will now take a AUD 1 million strategic placement in Star Minerals. Duyuru • Mar 18
Star Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Star Minerals 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: 16,129,032
Price\Range: AUD 0.062
Discount Per Security: AUD 0.00248
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Feb 18
Star Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1 million. Star Minerals 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: 16,129,032
Price\Range: AUD 0.062
Discount Per Security: AUD 0.00248
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. Independent Non-Executive Director Gemma Lee was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 05
Star Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Star Minerals 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: 33,333,333
Price\Range: AUD 0.045
Discount Per Security: AUD 0.0027
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Oct 29
Star Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. Star Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,333,333
Price\Range: AUD 0.045
Discount Per Security: AUD 0.0027
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Sep 24
Star Minerals Limited, Annual General Meeting, Nov 19, 2025 Star Minerals Limited, Annual General Meeting, Nov 19, 2025. Duyuru • Jun 04
Star Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6 million. Star Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,000,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Mar 12
Star Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.6 million. Star Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,000,000
Price\Range: AUD 0.025
Discount Per Security: AUD 0.0015
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Nov 05
Star Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.525941 million. Star Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 2.525941 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 63,148,527
Price\Range: AUD 0.04
Discount Per Security: AUD 0.0004
Security Features: Attached Options
Transaction Features: Rights Offering Duyuru • Oct 25
Star Minerals Limited, Annual General Meeting, Nov 28, 2024 Star Minerals Limited, Annual General Meeting, Nov 28, 2024. Location: 191b carr place, leederville, perth, western australia Australia New Risk • Oct 02
New major risk - Revenue and earnings growth Revenue has declined by 100% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Revenue has declined by 100% over the past year. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.40m market cap, or US$3.72m). New Risk • Sep 28
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 Shares are highly illiquid. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (AU$107k revenue, or US$74k). Market cap is less than US$10m (AU$4.74m market cap, or US$3.27m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Board Change • Dec 29
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Ashley Jones is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 21
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Ashley Jones is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Ashley Jones is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 06
Star Minerals Limited, Annual General Meeting, Nov 20, 2023 Star Minerals Limited, Annual General Meeting, Nov 20, 2023, at 10:00 W. Australia Standard Time. Location: 191B Carr Place, Leederville Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial period 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 - Mr. Ashley Jones; to consider Approval of non-executive Director remuneration limit; and to consider Approval of Additional Issuance Capacity. Duyuru • Sep 13
Star Minerals Limited, Annual General Meeting, Oct 18, 2023 Star Minerals Limited, Annual General Meeting, Oct 18, 2023, at 10:00 W. Australia Standard Time. Location: 191B Carr Place Leederville Western Australia Australia Agenda: To consider Ratification of issue of Shares; Approval to issue Placement Shares and Placement Options to Non- Related Party Placement Participants under the Placement; Approval to issue Placement Shares and Placement Options to a related party under the Placement; Approval to issue Placement Shares and Placement Options to a related party under the Placement Ashley Jones; and to discuss other matters. Board Change • Jul 21
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Ashley Jones is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 01
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Ashley Jones is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Jun 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.7% 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 Shares are highly illiquid. Revenue is less than US$1m (AU$95k revenue, or US$66k). Market cap is less than US$10m (AU$2.26m market cap, or US$1.55m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$1.8m). Less than 3 years of financial data is available. Shareholders have been diluted in the past year (6.7% increase in shares outstanding). Duyuru • Jun 05
Greg Almond Resigns as Chief Executive Officer of Star Minerals Limited Star Minerals Limited advised that Mr. Greg Almond has resigned as Chief Executive Officer of the Company. Greg was instrumental in taking Star Minerals through the IPO process and has increased the value of its asset, announcing an Indicated JORC Resource on the 29th May 2023 at Tumblegum South. Board Change • Sep 02
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 Director Ashley Jones 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.