Board Change • May 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Trevor Matthews was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 25
Volt Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.231 million. Volt Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.231 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 288,500,000
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 83,333,333
Price\Range: AUD 0.006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Jan 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% 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 (32% average weekly change). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Revenue is less than US$1m (AU$100k revenue, or US$67k). Minor Risk Market cap is less than US$100m (AU$63.1m market cap, or US$42.2m). Recent Insider Transactions • Dec 24
Executive Chairman recently bought AU$697k worth of stock On the 16th of December, Asimwe Matungwa Kabunga bought around 88m shares on-market at roughly AU$0.0079 per share. This transaction amounted to 12% 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 Asimwe Matungwa's only on-market trade for the last 12 months. Duyuru • Nov 04
Volt Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.231 million. Volt Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.231 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 288,500,000
Price\Range: AUD 0.006
Discount Per Security: AUD 0.00036
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 83,333,333
Price\Range: AUD 0.006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Duyuru • Sep 18
Volt Resources Limited, Annual General Meeting, Nov 26, 2025 Volt Resources Limited, Annual General Meeting, Nov 26, 2025. Board Change • Aug 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Trevor Matthews was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 07
Volt Resources Limited Restarts Gold Exploration Volt Resources Limited announced that it is in the process of reviewing the results of the previous sampling and auger drilling programmes conducted on the Company's Guinea gold projects to plan the next stage of gold exploration activities. The Company's successful auger drilling campaign identified four drilling targets as follows: extended the known gold anomalous areas in the Kouroussa prospect to over 1,000m in length; identified two major gold anomalies in the Konsolon prospect for a combined strike length of over 2,450m and which remain open with a number of other gold anomalous areas; and a large gold anomaly within the Nzima prospect which is currently 600m in length and remains open at both ends along strike. The prospect. includes multiple geochemical gold in soil anomalies identified by previous explorers but remains under explored. The Mandiana Project comprises the highly prospective Nzima prospect and Monebo prospect. The Nzima prospect borders the Nzima artisanal mine and is 15km SW of the 2.3Moz Tri-K mine owned by Managem. The auger drilling programmes were conducted in 2021 to test the mineralisation identified during the reconnaissance grab sampling program undertaken on the Nzima and Kouroussa prospects and test the historical soil sampling results over Konsolon. The auger drilling programme was undertaken to improve the geochemical understanding of the exploration targets using a low cost and efficient method that would penetrate and sample the rock below the lateritic and transported cover with results summarised below. Kouroussa Prospect. The Kouroussa Prospect is bordered by Hummingbird Resources plc's 1.2 Moz5 Kouroussa Gold Mine to the east and shares the same geological setting as the neighbouring Predictive Discovery Ltd.'s 5.4 Moz6 Bankan gold project to the west. Two power auger drilling programmes were conducted on the Kouroussa prospect. The programmes identified anomalous gold spread over a combined 1,000m in total strike length with no testing of the mineralization to depth. The mineralization over this broad area may relate to a single system, and this is to be confirmed by future deeper drill programmes. Konsolon Project. Historical exploration at Konsolon identified several soil anomaly areas which included high grade results of 20.25g/t Au, 12.87g/t Au, 5.12g/t Au, 4.97g/t Au and 3.21g/t Au. A total of 471 auger holes for a total length of 4,773 metres were drilled in the Konsolon Permit at a spacing of 400m by 100m. Nzima Prospect. Nzima assay results included 14.5 g/t Au, 2.93 g/t Au, 1.54 g/t Au and 0.86 g/t Au from grab samples. A total of 101 auger holes for a total lengths of 972m metres were drilled within the Nzima Prospect. The auger program was concentrated in the three areas (Area 1, Area 2 and Area 3) that had anomalous grab sample assays and artisanal workings present. The auger drilling sample assay results identified Area 1 with a geochemical anomaly. The area has a consistent anomaly with a strike length of 600m which is open along strike and to depth. Assay results with grades up to 1.14g/t gold were returned. Duyuru • Jan 15
Volt Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.226 million. Volt Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.226 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 316,153,846
Price\Range: AUD 0.0026
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 155,384,615
Price\Range: AUD 0.0026
Transaction Features: Subsequent Direct Listing New Risk • Sep 22
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 (37% average weekly change). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (AU$6.0k revenue, or US$4.1k). 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 (5.6% increase in shares outstanding). Market cap is less than US$100m (AU$16.6m market cap, or US$11.3m). Duyuru • Sep 11
Volt Resources Limited, Annual General Meeting, Nov 27, 2024 Volt Resources Limited, Annual General Meeting, Nov 27, 2024. Duyuru • Aug 22
Volt Resources Limited Announces Board of Directors Changes Volt Resources Limited announced changes to the Board of Directors. Dominic Virgara, one of the largest shareholders of Volt and former owner and Managing Director of Techforce Personnel Pty Ltd, has been appointed to the Board as Non-Executive Director. Mr. Virgara has a track record of business growth. Mr. Virgara is a qualified CPA by profession and has been a high performing recruitment Director/Owner and CFO. During his tenure, Mr. Virgara provided strategic, financial, HR, IT, marketing, and management guidance for his companies. His experience also includes CFO positions with Mitsubishi Motors, Spotless Group, and Elders. He brings strong financial discipline to the role. In conjunction with Mr. Virgara's appointment, Mr. Giacomo Fazio has resigned from the Board as Non-Executive Director. The Board thanks Mr. Fazio for his service and wishes him all the best in his future endeavours. New Risk • Aug 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.6m (US$9.56m) 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 Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (AU$6.0k revenue, or US$3.9k). Market cap is less than US$10m (AU$14.6m market cap, or US$9.56m). Minor Risk Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Duyuru • Jul 03
Volt Resources Limited announced that it expects to receive AUD 0.5 million in funding Volt Resources Limited announced a private placement for gross proceeds of AUD 500,000 on July 2, 2024. The company issued Unsecured Debt at fixed coupon rate of 10% and mature after 4 months. The transaction include participation from new lenders Ven Capital Pty Ltd, Peter and Elaine Notman and Dominic Virgara. The company has 5% of the Drawdown paid in cash and deducted from gross proceeds On the First Drawdown Date the Company will issue 5 million and one options with a 3 year maturity and exercise price of AUD 0.0075. The Investors will advance A$250,000 to the Company on or soon after the Execution Date. New Risk • Mar 08
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$5.6m 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$5.6m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (AU$73k revenue, or US$48k). Minor Risks Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Market cap is less than US$100m (AU$24.8m market cap, or US$16.4m). Duyuru • Feb 09
Volt Resources Limited, Annual General Meeting, Mar 12, 2024 Volt Resources Limited, Annual General Meeting, Mar 12, 2024, at 10:00 W. Australia Standard Time. Location: Suite 1, 295 Rokeby Road Subiaco Western Australia Australia Agenda: To consider Ratification of Placement Shares; to consider Ratification of Placement Options; to consider Approval to issue Shares and Options to Director in connection with Placement; and to consider other business matters. New Risk • Sep 27
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$5.6m 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$5.6m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 38% per year over the past 5 years. Revenue is less than US$1m (AU$71k revenue, or US$45k). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (AU$27.6m market cap, or US$17.6m). Duyuru • Sep 14
Volt Resources Limited, Annual General Meeting, Nov 22, 2023 Volt Resources Limited, Annual General Meeting, Nov 22, 2023. Duyuru • Jun 29
Volt Resources Limited Announces Management Changes Volt Resources Limited announced the following changes to the company's board effective 29 June 2023. Asimwe Kabunga, currently Non-Executive Chairman, will become the Executive Chairman. Prashant Chintawar is appointed to the role of Managing Director and will join Volt's Board of Directors, in conjunction with his current role of Chief Executive Officer, a role he has held since 1 January 2023. Trevor Matthews, who has served as Executive Director since 1 January 2023, has resigned as a director of the Company. Duyuru • Jan 28
Volt Resources Limited Provides Update Regarding the Status of Operations At the Zavalievsky Graphite Mine and Processing Plant Volt Resources Limited provided the following update regarding the status of operations at the Zavalievsky Graphite mine and processing plant (‘ZG’). Volt proceeded with the raising of capital to, amongst other uses, provide funds to ZG to address the working capital deficiency. In November 2022, energy supply disruptions commenced due to Russian missile attacks on power generation facilities affecting the entire Ukraine energy grid. Combined with the continuation of supply disruptions, this has resulted in ZG management being unable to recommence production prior to the Ukraine winter. ZG usually ceases operations during winter, as temperatures below freezing cause issues with pumping of process water supply and tailings material. Energy supply disruptions continue and with winter conditions lasting to approximately March 2023, ZG operations remain suspended at this time. Graphite production of 846 tonnes during August was achieved from only 14 days of processing operations with an average of 60.5 tonnes of graphite product per day prior to the working capital and supply chain issues suspending production. This production has been sold, apart from approximately 30 tonnes retained for battery anode material testwork and other uses, with prices achieved during the December 2022 quarter ranging between 520 per tonne FCA for low grade fine material to $1,900 per tonne DAP for purified graphite grading 99.5% TGC. Duyuru • Dec 30
Volt Resources Limited, Annual General Meeting, Jan 30, 2023 Volt Resources Limited, Annual General Meeting, Jan 30, 2023, at 11:00 W. Australia Standard Time. Location: Level 25, 108 St Georges Terrace Perth, Western Australia Perth Australia Agenda: To consider Ratification of Placement Shares; to consider Ratification of Lead Manager Options; to consider Approval to issue Placement Options; to consider Approval to issue Shares and Options to Mr. Asimwe Kabunga in connection with Placement; to consider Approval to issue Shares and Options to Mr. Trevor Matthews in connection with Placement; and to consider Approval to issue Shares and Options to Mr. Giacomo Fazio in connection with Placement. Board Change • Nov 16
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 Director Jack Fazio 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 • May 29
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 Director Jack Fazio 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 • Jul 28
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 Director Jack Fazio 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. 
