New Risk • Jul 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.3m (US$9.99m) 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 High level of non-cash earnings (55% accrual ratio). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.3m market cap, or US$9.99m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). New Risk • Jul 08
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). High level of non-cash earnings (55% accrual ratio). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$16.8m market cap, or US$11.7m). Board Change • May 20
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Non-Executive Director Michael Walshe is the most experienced director on the board, commencing their role in 2024. Independent Non-Executive Director Bill Yang was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Duyuru • Apr 29
Voltaic Strategic Resources Limited, Annual General Meeting, May 29, 2026 Voltaic Strategic Resources Limited, Annual General Meeting, May 29, 2026. Location: at level 1, 77 st george`s terrace, perth, wa 6000 Australia Duyuru • Apr 27
Voltaic Strategic Resources Limited (ASX:VSR) complete the acquisition of Exploration licence E09/2833 adjacent to Ti Tree project in Australia. Voltaic Strategic Resources Limited (ASX:VSR) agreed to acquire Exploration licence E09/2833 adjacent to Ti Tree project in Australia for AUD 0.1 million on April 14, 2026. The consideration consists of 2.5 million common equity of Voltaic Strategic Resources Limited to be issued for assets of Exploration licence E09/2833 adjacent to Ti Tree project in Australia. As part of consideration, AUD 0.1 is paid towards assets of Exploration licence E09/2833 adjacent to Ti Tree project in Australia.
Customary conditions including satisfactory due diligence, execution of formal sale documentation, debt-free completion mechanics and any required approvals.
Voltaic Strategic Resources Limited (ASX:VSR) complete the acquisition of Exploration licence E09/2833 adjacent to Ti Tree project in Australia on April 27, 2026. As of April 24, 2026, Voltaic Strategic Resources Limited has completed the issue of 2.5 million shares as consideration for the transaction. Board Change • Dec 24
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Michael Walshe is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. 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 Director John Hannaford 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 • Apr 30
Voltaic Strategic Resources Limited, Annual General Meeting, May 30, 2025 Voltaic Strategic Resources Limited, Annual General Meeting, May 30, 2025. Location: at suite 2, 38-40 colin street, west perth, wa 6005, Australia Board Change • Feb 04
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 Chairman Daniel Raihani was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
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 Chairman Daniel Raihani was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 09
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman John Hannaford 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 • Sep 30
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 13% 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 Revenue is less than US$1m. Market cap is less than US$10m (AU$8.51m market cap, or US$5.89m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Significant insider selling over the past 3 months (AU$862k sold). Duyuru • Sep 11
Voltaic Strategic Resources Ltd Announces the Appointment of Daniel Raihani as Non-Executive Director Voltaic Strategic Resources Ltd. announced the appointment of Daniel Raihani as a non-executive director of the Company, effective September 11, 2024. Mr. Raihani is the beneficial owner of 7 Enterprises Pty Ltd, which recently become a substantial shareholder of the Company. Mr. Raihani is an Accountant and Tax Professional with a wide range of experience at the executive level in the public, private and not-for-profit sectors. Mr. Raihani has controlling equity positions and directorships in private companies that are involved in real estate sales and management, property development, manufacturing, automotive exports, and tax consultancy, with offices in multiple jurisdictions including the UAE, Australia & Hong Kong. Mr. Raihani is a member of the Australian Institute of Company Directors (MAICD) and a Justice of the Peace. He holds a Bachelor of Business and Diploma of Financial Services. He is a non-executive director of ASX listed companies FirstAu and Aurumin. New Risk • Jun 03
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 13% 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 Revenue is less than US$1m. Market cap is less than US$10m (AU$8.48m market cap, or US$5.64m). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Duyuru • May 03
Voltaic Strategic Resources Limited, Annual General Meeting, May 31, 2024 Voltaic Strategic Resources Limited, Annual General Meeting, May 31, 2024, at 10:30 W. Australia Standard Time. Location: Suite 2, 38-40 Colin Street West Perth Western Australia Australia Agenda: To consider the Annual Report of the Company and its controlled entities for the financial year ended 31 December 2023, which includes the Financial Report, the Directors' Report and the Auditor's Report; to consider Remuneration Report; to consider re-election of Directors of the Company; and to consider approval of 10% Placement Facility. New Risk • Mar 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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$3.7m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.61m market cap, or US$6.28m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (34% increase in shares outstanding). Duyuru • Dec 22
Voltaic Strategic Resources Limited Announces Resignation of Simon Adams as Director, Effective 31 December 2023 Voltaic Strategic Resources Limited announced that Simon Adams has resigned as a Director effective 31 December 2023. Simon will continue in his roles of CFO and Company Secretary with the Company. Simon has been a director of the Company since June 2019 and has seen the Company through its transition from an oil and gas E&P company operating in the USA through to its re-compliance listing and transition to a hard rock mineral explorer with a Western Australia focus. Following the resignation of Mr. Adams, the Board comprises of three non-executive directors. New Risk • Oct 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.1m (US$8.99m) 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$3.7m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$14.1m market cap, or US$8.99m). Minor Risk Shareholders have been diluted in the past year (34% increase in shares outstanding). New Risk • Sep 10
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$3.7m 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$3.7m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (over 11x increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$19.8m market cap, or US$12.6m). Duyuru • Jun 27
Voltaic Strategic Resources Limited, Annual General Meeting, Jul 27, 2023 Voltaic Strategic Resources Limited, Annual General Meeting, Jul 27, 2023, at 10:30 W. Australia Standard Time. Location: Suite 2, 38-40 Colin Street, West Perth, WA 6005 West Perth Australia Agenda: To discuss Ratification of issue of Tranche 1 Placement Shares; to discuss Approval of issue of Tranche 1 Placement Options; to discuss Approval of issue of Tranche 2 Placement Shares; to discuss Approval of issue of Tranche 2 Placement Options; to discuss Approval of issue of Director Placement Securities; to discuss Approval of issue of Lead Manager Options; and to Approval of issue of Director Performance Rights. Duyuru • Feb 08
Voltaic Strategic Resources Limited Provides an Update on Ti Tree Project, Located in the Gascoyne Region of Western Australia Voltaic Strategic Resources Limited provided an update on its Ti Tree project, located in the Gascoyne region of Western Australia. Assays have been received for the maiden surface geochemical sampling campaign and have confirmed that the in-situ granitic intrusions across the entire project area are fertile for lithium (Li) mineralization. This is highly significant at such an early stage of the project's evolution and has resulted in an expansion of the Volta corridor to 40km strike length and the identification of 3 priority drill targets. In addition to confirming the presence of fertile source (parental) rocks for hosting LCT pegmatites, further geochemical analysis has identified that several of the rockchip samples have anomalous tantalum (Ta) and caesium (Cs), and display the same chemical composition and texture as typical LCT pegmatites (highly fractionated and containing Cs, Ta and/or tourmaline). This further strengthens the prospectivity for hosting a true LCT system. It is worth noting that the Yinnietharra (Malinda) lithium discovery was initially identified as a prospect from fertility analysis undertaken by Segue Resources Ltd. in 2016. Segue demonstrated that the Thirty-Three Supersuite (TTS) granitic belt is unequivocally fertile and hence, the likely source of lithium mineralization in the region. The TTS underlies both the Yinnietharra lithium discovery and Voltaic's Ti Tree tenements (the 80 km strike Volta corridor). Significance of the Results: The results highlight the potential for an economic LCT discovery within the project area from the favorable geochemistry of the initial rockchip results and the extensive occurrence of pegmatite outcrop throughout the tenure. The nature of LCT pegmatites limits the number of applicable exploration tools that can be utilised due to their typically non-responsive geophysical characteristics: non-magnetic, non-conductive and may not be distinguishable from surrounding rocks utilising gravity methods (Cerny 1989). Hence, geochemical exploration is key, and the company is encouraged by these favourable initial rockchip results. The pegmatites at Ti Tree may originate from the same fertile granitic source as the Yinnietharra lithium discovery, which further underpins the prospectivity at the project. Voltaic's Ti Tree project is along strike, both north-west and south-east, of the Yinnietharra project and both are underlain by the Thirty-Three Supersuite (TTS) granites, which company has now demonstrated to be fertile from favourable rockchip geochemistry. Red Dirt Metals Limited are actively drilling 90,000m into the Yinnietharra project and other regional targets. Initial drill results for the `M1 pegmatite' are significant and include 56m at 1.12% Li 2O from 94m (YNRD005), and visual identification of spodumene within multiple holes. M1 shows significant down-dip continuity with excellent Li2O grades from surface, which is very encouraging for the entire region. From the fertility analysis of these initial rockchips, Voltaic has identified a significant increase in the prospective LCT "goldilocks" corridor from 22km to 40km strike length within the Ti Tree tenure, which is highly significant. The pegmatites at Ti Tree may originate from the same fertile granitic source as the neighbouring Yinnietharra lithium discovery. A comparison is also made to Voltaic's journey so far at Ti Tree, and company is encouraged by the progress made within initial three months of exploration. Upcoming Exploration: `Phase 3' of ground reconnaissance at Ti Tree is planned for February/March 2023 and will comprise further geochemical sampling and planning for the subsequent regional soil sampling campaign. The regional broad-coverage soil sampling campaign is planned to commence in February 2023 for the entire Volta corridor and will comprise 8,000 soil samples in total. Phase-1 will commence at Ti Tree South E09/2503 & E09/2470 (3,000 samples), with follow up phases thereafter across Volta. This campaign will provide geochemical data over the entire prospective corridor and will target the schists within Volta. A high-resolution UAV drone survey is planned for February 2023 and will provide detailed high-resolution imagery to assist with regional geological mapping and identification of pegmatite outcrops. Detailed geophysical and structural interpretation analysis is underway in collaboration with Southern Geoscience Consultants (SGC), to complement the Company's pipeline of targets. Follow-up geophysical surveys may commence in March/April 2023, depending on the results from SGC's assessment. Reverse circulation drilling will follow priority target ranking. Duyuru • Jan 30
Voltaic Strategic Resources Limited Provides an Update on its Ti Tree Lithium Project Voltaic Strategic Resources Limited provided an update on its Ti Tree lithium project, located in the Gascoyne region of Western Australia. Following the identification of a high density of pegmatite occurrences at priority ASTER target, ‘Morpheus’, the Company is pleased to advise that the next phase of target generation is underway with "boots on the ground" actively following up targets in the field and assessing logistics for a regional soil sampling campaign across the entire Volta corridor, and consultants SGC engaged to enhance Voltaic's geophysical datasets. SGC will compile all open-source geophysical and geological data into a series of GIS packages which will broaden the Company's pipeline of targets for follow-up exploration. SGC will also identify what additional ASTER, magnetic and radiometric data is required to expedite target generation. Alongside this, a high-resolution UAV drone survey will be undertaken by ATLAS Geophysics to assist with detailed mapping and direct pegmatite outcrop identification. This is the most effective next step forward as the frequency of pegmatite occurrences within Voltaic's tenure is extensive, and is predicted to extend across the entire prospective 22km Volta corridor. Voltaic's neighbour Red Dirt Metals Limited are actively drilling 90,000m into their Yinnietharra lithium discovery and other regional targets. Initial drill results for the `M1 pegmatite' are significant and include 56m at 1.12% Li2O from 94m (YNRD005), and visual identification of spodumene within multiple holes. M1 shows significant down-dip continuity with excellent Li2O grades from surface, which is very encouraging for the entire region. Voltaic's Ti Tree project resides within an interpreted prospective corridor of LCT-bearing pegmatites (the `Volta' corridor), which contains the Yinnietharra lithium discovery, and is underlain by the Thirty-Three Supersuite (TTS) a belt of granitic plutons (intrusions). It has been demonstrated that the TTS is fertile for LCT mineralisation and the latest RDT drilling results confirm this. Voltaic's tenure overlays a significant portion of the TTS, and its respective portions of the granitic intrusions are potentially fertile for lithium mineralisation. LCT pegmatites in the region have been observed to lie within 05 km of source fertile granite intrusions and appear controlled by both faults within the host metasediments and fractionation. The five main plutons within Volta have been labelled F1-F5 for the following discussion: It appears from RDT's drilling and proximity of the M1 pegmatite to various TTS granitic sub-plutons, that although the core of M1 is closer (600m) from central sub-pluton F5, it is the southern sub-pluton F6 (1,800m distance) that has greater fertility potential due to the traditional `Goldilocks model' of LCT prospectivity. Thus, F6 is likely the source of lithium fertility for the Yinnietharra M1 pegmatite. If true, this significantly enhances the prospectivity of Voltaic's Ti Tree South tenements (E09/2503, E09/2470) as both of these are within the area of maximum prospectivity or " Goldilocks sweet spot", respective to F6 The surrounding aureoles of F1-F4 within Voltaic's Ti Tree North tenement (E09/2522) are 21km in strike length. If F1-F4 are fertile, this significantly enhances the prospectivity of Voltaic's Ti Tree North tenement (E09/2522) as this tenement is within the area of maximum prospectivity or "sweet spot", respective to F1, F2, F3 & F4 Interpretative work suggests that the mapped plutons could in fact comprise several sub-plutonic units, which would further expand the length of the Volta corridor. This will be followed up with detailed geophysical analysis. The Company's exploration team is currently in the field at Ti Tree assessing logistics for the upcoming heli-supported `phase 3' exploration program, planned for February/March 2023. Utilising a helicopter to support exploration activities is a highly efficient and economical approach for the remote Gascoyne region and minimises its impact on pastoral tracks, in particular during the wet season (January-March). This will allow the Company's drill target generation program to maintain momentum and will enhance the geophysical compilation work being undertaken by SGS. A regional broad-coverage soil sampling campaign is planned to commence in February 2023 for the entire Volta corridor and will comprise 8,000 soil samples in total. Phase-1 will commence at Ti Tree South E09/2503 & E09/2470 (3,000 samples), with follow up phases thereafter across Volta. This campaign will provide geochemical data over the entire prospective corridor and will target the schists within Volta. A high-resolution UAV drone survey is planned for February 2023 and will provide detailed high-resolution imagery to assist with regional geological mapping and identification of pegmatite outcrops. Follow-up geophysical surveys may commence in March/April 2023, depending on the results from SGC's assessment. Duyuru • Jan 13
Voltaic Strategic Resources Limited Provides Update on its Gascoyne Critical Metals Project in the Mid-Northwest of Western Australia Voltaic Strategic Resources Limited provided an update on its Gascoyne Critical Metals (GCM) Project, located in the mid-northwest of Western Australia. The GCM project comprises 4 regional project areas: Paddys Well, Ti Tree, Talga and Kooline. Two tenements under application have recently been granted: E08/3314 - Kooline Project - Copper, Gold, and base metal prospectivity. E08/3420 - Talga Project - Nickel-Copper-Cobalt-PGE and Manganese prospectivity. Kooline: Gold, Copper-Gold and Base Metals Project: Comprises exploration licence E08/3314 (~303km2) and is located to the northwest of Paraburdoo in the upper mid-northwest of Western Australia. Paulsens Gold Mine, formerly owned by Norther Star Resources is 40km north of Kooline, and has produced over 900,000 Oz of gold since 2005. Kooline lies within the west-northwest trending regional Wyloo anticlinal dome, which is prospective for Au, Cu-Au and base metals (Cu-Ag-Pb-Zn). Historical surface sampling and limited shallow drilling by NSR within E08/3314 identified gold anomalism which warrants follow-up work. There are several active exploration projects in the vicinity such as Kingfisher Mining's Boolaloo Project, and Cazaly Resources's Ashburton Project along strike of Kooline, targeting Cu-Au, Au and base metals. Talga: Nickel-Copper-Cobalt-Pge and Manganese Project: Comprises one granted exploration licence E08/3420 (Talga West ~185 km2) and one exploration licence application E08/3303 (Talga East ~144km2). It is located approximately 350km north-east of Carnarvon in Western Australia. The project area overlays the `Talga Fault Zone' (TFZ), a major NW-SE fault with historical potential for both nickel-copper-cobalt-PGE and cobalt-bearing manganese mineralisation. Historical surface sampling identified anomalous Ni-Cu-Co mineralisation associated with a large dolerite/gabbro dyke that were never followed up. Moreover, a prior VTEM survey identified numerous geophysical anomalies associated with the dyke which were never drill tested. The interpreted dykes within that Talga project are potentially analogous to the recent `Money Intrusion' dyke that has produced Dreadnought Resources Ltd. /First Quantum Minerals Ltd.'s nickel sulphide discovery at their Mangaroon project, 130km to the west. Board Change • Nov 17
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. 4 non-independent directors. Non-Executive Director David Izzard was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 07
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. MD, Technical Director & Director Lachlan Reynolds was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.