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. 2 highly experienced directors. Independent Non-Executive Director Adrian Goldstone 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 16
Saturn Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 45 million. Saturn Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 45 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 69,310,345
Price\Range: AUD 0.58
Discount Per Security: AUD 0.0348
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,275,862
Price\Range: AUD 0.58
Discount Per Security: AUD 0.0348
Transaction Features: Subsequent Direct Listing Duyuru • Oct 08
Saturn Metals Limited, Annual General Meeting, Nov 28, 2025 Saturn Metals Limited, Annual General Meeting, Nov 28, 2025. Location: at the quest kings park, 54 kings park road, west perth, western australia 6005., Australia Duyuru • Oct 04
Saturn Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 45 million. Saturn Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 45 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 69,310,345
Price\Range: AUD 0.58
Discount Per Security: AUD 0.0348
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,275,862
Price\Range: AUD 0.58
Discount Per Security: AUD 0.0348
Transaction Features: Subsequent Direct Listing 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. 3 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Adrian Goldstone 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 • May 23
Saturn Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 23 million. Saturn Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 23 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 77,221,220
Price\Range: AUD 0.215
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 29,755,525
Price\Range: AUD 0.215
Transaction Features: Subsequent Direct Listing 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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Adrian Goldstone 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. 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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Adrian Goldstone 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. New Risk • Oct 17
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$84.9m market cap, or US$56.6m). Duyuru • Oct 04
Saturn Metals Limited, Annual General Meeting, Nov 26, 2024 Saturn Metals Limited, Annual General Meeting, Nov 26, 2024. Location: at the quest kings park, 54 kings park road, west perth, western australia 6005., Australia Board Change • Jun 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. 5 experienced directors. No highly experienced directors. Independent Non-Executive Director Adrian Goldstone 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 • Feb 29
Saturn Metals Limited Announces Resignation of Michelle Blandford as Joint Company Secretary The Board of Saturn Metals Limited announced the resignation of Mrs. Michelle Blandford as Joint Company Secretary, effective 29 February 2024. Mrs. Blandford provided Company Secretarial services to Saturn whilst current Company Secretary, Mrs. Natasha Santi was on maternity leave. Breakeven Date Change • Jan 18
No longer forecast to breakeven The analyst covering Saturn Metals no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$83.7m in 2026. New forecast suggests the company will make a loss of AU$2.20m in 2026. New Risk • Nov 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% 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 (18% average weekly change). Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$2.0m net loss in 2 years). Market cap is less than US$100m (AU$28.0m market cap, or US$18.5m). New Risk • Nov 22
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$8.7m 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$8.7m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$2.0m net loss in 2 years). Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (AU$26.6m market cap, or US$17.5m). Duyuru • Oct 06
Saturn Metals Limited, Annual General Meeting, Nov 29, 2023 Saturn Metals Limited, Annual General Meeting, Nov 29, 2023, at 14:30 W. Australia Standard Time. Location: the Country Women's Association of WA, 1176 Hay Street, West Perth Western Australia Australia Duyuru • Sep 08
Saturn Metals Limited Appoints Michelle Blandford as Joint Company Secretary The Board of Saturn Metals Limited announced the appointment of Mrs. Michelle Blandford as Joint Company Secretary effective 8 September 2023. Mrs. Blandford will provide Company Secretarial services to Saturn whilst current Company Secretary, Mrs. Natasha Santi is on maternity leave. Mrs. Blandford brings a strong governance and administration background with 25 years' administration experience, working in both exploration and mining companies in the commodities of gold and uranium. She is currently the Company Secretary at Australian Potash Limited and has previously held positions with Agincourt Resources Limited, Nova Energy Limited, Navigator Resources Limited and Breaker Resources NL. She is a Chartered Secretary and member of the Governance Institute of Australia. Recent Insider Transactions • May 17
MD & Director recently bought AU$97k worth of stock On the 15th of May, Ian Bamborough bought around 500k shares on-market at roughly AU$0.19 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ian's only on-market trade for the last 12 months. Duyuru • Feb 08
Saturn Metals Limited Provides an Update on Apollo Hill Gold Mineral Resource Saturn Metals Limited announced that a 5,000 meter 75 hole RC drilling program is underway to create opportunities to further expand and develop the 1.47Moz1 Apollo Hill Gold Mineral Resource. Drilling is planned to target both northern and central parts of the gold deposit at relatively shallow depths average hole depth of program only 65 meter. In the central area of the deposit Plate 1 a section of representative geology is being targeted with a higher density drill program to outline material for Saturn's planned bulk sample and pilot heap leach process. In the north of the deposit, previously reported step out intersections included 7m @ 11.18g/t Au from 172m in AHRC0813 and several holes are planned to explore for extensional mineralisation outside of the current Mineral Resource. Apollo Hill (29.15°S and 121.68°E) is located approximately 60km south-east of Leonora in the heart of WA's goldfields region. The deposit and the Apollo Hill project are 100% owned by Saturn and are surrounded by good infrastructure and several significant gold deposits. The Apollo Hill Project has the potential to become a large tonnage, simple metallurgy, low strip open pit mining operation. In addition, Saturn has a second quality gold exploration project in Australia. The Company has an option to earn an 85% joint venture interest in the West Wyalong Project, which represents a high-grade vein opportunity on the highly gold prospective Gilmore suture within the famous Lachlan Fold belt of NSW. Breakeven Date Change • Nov 16
No longer forecast to breakeven The analyst covering Saturn Metals no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$77.6m in 2025. New forecast suggests the company will make a loss of AU$1.39m in 2025. Breakeven Date Change • Oct 05
No longer forecast to breakeven The analyst covering Saturn Metals no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$77.6m in 2025. New forecast suggests the company will make a loss of AU$1.39m in 2025. Breakeven Date Change • Oct 01
No longer forecast to breakeven The analyst covering Saturn Metals no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$77.6m in 2025. New forecast suggests the company will make a loss of AU$1.39m in 2025. Breakeven Date Change • Apr 27
No longer forecast to breakeven The analyst covering Saturn Metals no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$119.0m in 2024. New forecast suggests the company will make a loss of AU$1.06m in 2024. Breakeven Date Change • Mar 30
No longer forecast to breakeven The analyst covering Saturn Metals no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of AU$119.0m in 2024. New forecast suggests the company will make a loss of AU$1.06m in 2024. Board Change • Aug 03
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 Chairman Brett Lambert was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Aug 03
Forecast to breakeven in 2024 The analyst covering Saturn Metals expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$119.7m in 2024. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Breakeven Date Change • Jun 30
Forecast to breakeven in 2024 The analyst covering Saturn Metals expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$128.5m in 2024. Average annual earnings growth of 66% is required to achieve expected profit on schedule. Executive Departure • May 14
Company Secretary has left the company On the 3rd of May, Ryan Woodhouse's tenure as Company Secretary ended after 3.9 years in the role. We don't have any record of a personal shareholding under Ryan's name. Ryan is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 17
New 90-day low: AU$0.42 The company is down 39% from its price of AU$0.69 on 19 November 2020. The Australian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 21% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: AU$0.64 The company is down 13% from its price of AU$0.73 on 08 October 2020. The Australian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 15
New 90-day low: AU$0.65 The company is down 15% from its price of AU$0.76 on 16 September 2020. The Australian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 13% over the same period.