Past year: ▼ 50%(0.10c – 0.30c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
2 July 2026asset acquisition disposition● NeutralMajor
Grand Gulf lodged a nomination with Utah's land trust (SITLA) for about 5,280 acres extending the Red Helium Project, following the April review; it enters SITLA's lease auction, so award is not assured. The earlier Other Business Arrangement term has ended.
5 May 2026other● Neutral
Cleansing notice for 100m unlisted options issued following a shareholder meeting result. Purpose and terms are not stated in the text. Administrative only.
21 Apr 2026drilling result● Neutral
Dry Wash rock-chip assays from 20 samples returned up to 26 ppm antimony and 6,588 ppm arsenic. The company says it is comparable to zones above ore at Antimony Canyon but does not confirm economic mineralisation; antimony values are very low.
8 Apr 2026regulatory community update▲ Good
Red Helium (83% interest) review started after helium prices more than doubled, which the company attributes to Strait of Hormuz closure and Qatar plant damage. Plans include land rationalisation, seismic review and assessing a third well; no funding or drilling decision.
12 Mar 2026half year report● Neutral
Half-year to 31 Dec 2025 loss of A$230,418, down from A$748,767. Hensarling #1 produced 2,300 barrels net. Recaps the Dry Wash acquisition, A$500,000 placement and Namibia licence still pending; no balance sheet figures shown in the extract.
9 Mar 2026production update▲ Good
Desiree field (39.65% WI) produced 3,428 barrels gross in the December 2025 quarter, earning Grand Gulf A$101,000 at about US$62-64 WTI. WTI is now US$90.90; workovers are under review and a Red Helium technical reassessment has begun amid higher helium prices.
6 Mar 2026other● Neutral
Cleansing notice confirming issue of 20m lead manager options linked to the A$500,000 placement. No terms given in the text. Administrative only.
23 Feb 2026director officer appointment● NeutralMajor
Patrick Burke, with critical minerals and ASX chair experience, appointed Non-Executive Chairman with 50m options at 0.5c expiring Feb 2029. Keith Martens resigned as chairman but stays as a consultant overseeing Red Helium.
23 Feb 2026other● Neutral
Notice covering issue of 50m unlisted options, the ones granted to new chairman Patrick Burke. Administrative cleansing notice with no new information.
17 Feb 2026capital raising announcement● NeutralMajor
Placement completed 9 Feb 2026: A$500,000 raised from 250m shares at 0.2c. A further 50m shares at 0.2c (A$50,000 equivalent) issued to advisers for facilitating the Dry Wash acquisition. Another thin, heavily dilutive raise after the 0.4c placement in 2024.
11 Feb 2026drilling result▲ Good
First field work at Dry Wash found visible stibnite in several samples from the Flagstaff Formation, with similarities to neighbouring Antimony Canyon. 20 samples await assay; visual observations are not grades and are early-stage.
3 Feb 2026other● Neutral
ASX notice that the suspension will be lifted once Grand Gulf releases its announcement on the grant of exploration rights and a capital raising. Administrative only.
3 Feb 2026asset acquisition disposition▲ GoodMajor
Secured the 8,122-acre Dry Wash Antimony Project in Utah via an option-to-lease agreement with SITLA, adjacent to AT4's Antimony Canyon. A new critical minerals direction beyond helium and oil. The 3 Feb raising is detailed separately; no drilling yet.
2 Feb 2026other● Neutral
Voluntary suspension at the company's request, pending an announcement about a grant of exploration rights and a capital raising. Trading was expected to resume by 3 February 2026 at the latest.
19 Sept 2025annual report● Neutral
Year to 30 June 2025 loss of A$840,468, down from A$1,815,931. Wrangel option terms: exercise costs A$150,000 cash plus 250m shares, option expiring by 11 April 2026; board is now three, with Lance gone.
19 Sept 2025other● Neutral
Corporate governance statement approved 18 September 2025, accompanying the annual report. It notes no employees and an all-male board of three. Compliance document only, with no new business information.
19 Sept 2025other● Neutral
Appendix 4G governance checklist for the year to 30 June 2025, pointing to the company website for the governance statement. Administrative filing with no substance.
13 May 2025material agreement▲ GoodMajor
Non-binding MoU with Sage Potash to share 3D seismic costs 50/50 at Red Helium, and assess a joint helium and potash well and shared infrastructure. It follows the earlier non-binding Sage heads of agreement; no binding terms or funding yet.
12 May 2025security holder rights change● Neutral
103,333,333 quoted options (GGEO) exercisable at 8c expire 16 June 2025. The company calls them substantially out of the money, with shares at 0.3c, so they are likely to lapse unexercised (inference). No raising results.
14 Apr 2025asset acquisition disposition▲ GoodMajor
Binding option to buy 100% of Wrangel Pty Ltd, applicant for a 70% interest in Block 2312, offshore Namibia (about 16,800 sq km). Payment is due only if the licence is granted. A prior operator reported 1.1bn barrels of mean prospective resource, so this is a new oil direction beyond helium.
10 Mar 2025half year report● Neutral
Half-year to 31 December 2024 shows a loss of A$748,767, down from A$1,346,027 a year earlier. Directors call the group sound; the extract recaps the 83% Red Helium interest, Jesse-3 permit and Lisbon offtake, with no cash figure shown.
13 Dec 2024auditor change● Neutral
William Buck Audit (WA) replaces BDO Audit, which resigned with ASIC consent, only about seven months after BDO's appointment. The company cites a review of audit arrangements and commercial terms. Shareholders confirm at the next AGM.
25 Nov 2024security holder rights change● Neutral
New constitution adopted by special resolution on 25 November 2024, presumably at the AGM (inference). The extract shows only the contents page, so the specific changes are not visible.
22 Oct 2024director officer appointment▼ BadMajor
Managing Director Dane Lance, who has led the company since February 2022, resigned and serves three months' notice. Chairman Martens and director Kiley take acting executive duties while a search runs. Yann Cherruau joins as non-executive director from 31 October 2024.
27 Sept 2024other● Neutral
Appendix 4G checklist accompanying the annual report, pointing to the governance statement on the company website. Administrative filing with no substance.
27 Sept 2024other● Neutral
Corporate governance statement approved 24 September 2024, accompanying the annual report. It notes no employees and an all-male board of three. Compliance document only, no new business information.
27 Sept 2024annual report● Neutral
Annual report for the year to 30 June 2024 shows a loss of A$1.82m, down from A$2.28m the year before. Directors call the group sound; the extract recaps the Lisbon offtake, Jesse-3 permit and 83% interest, with no cash figure shown.
19 Sept 2024capital raising announcement▼ BadMajor
Rights issue closed 17 September 2024 with applications for 80.5m shares (A$321,881) plus 24.7m shortfall shares (A$98,679), about A$0.42m of up to A$1.05m. Remaining shortfall of 156.8m shares may be placed within three months.
29 Aug 2024capital raising announcement● Neutral
Prospectus dispatched and the 1-for-8 rights issue at 0.4c opens, raising up to A$1,047,624, closing 17 September 2024. Non-renounceable, so shareholders who do not take up are diluted. Funds mainly go to the Red Helium project and working capital.
21 Aug 2024capital raising announcement▼ BadMajor
Grand Gulf raised A$1.0m via a placement of 250m shares at 0.4c with one free option per four shares. It also launched a 1-for-8 rights issue at 0.4c to raise up to about A$1.05m, for the Red Helium project and working capital. The price is half the August 2023 raise of 0.8c.
What it means for a shareholder
250m new shares at A$0.004 to raise about A$1.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (250,000 at the issue price), your slice goes from 0.012% to 0.0108% of the company. To keep it you'd need 30,117 more shares - about A$120 at the issue price.
Create a free account to see this worked out for your own holding.
