Past year: ▼ 19%(5.10c – 10.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
5 May 2026other● Neutral
Substantial holder Beibei Chen briefly rose to about 20.28% after the 29 April placement, above the 20% takeover threshold. The 1 May issue to another investor diluted her to about 19.76%. Key says no change of control is intended.
5 May 2026other● Neutral
Top-20 holders list: Beibei Chen holds 19.76%, China Create Capital 12.89% and CEO Jujun Zhang 7.59%. The top 20 hold 82.83%, so ownership is concentrated. The figures imply about 38.9 million shares on issue (an inference).
1 May 2026capital raising announcement● Neutral
Confirms the 1,015,286 shares (about 3% of capital) were issued at $0.058, raising A$58,886.59, completing the final placement tranche. Includes the standard cleansing notice.
What it means for a shareholder
1.0m new shares at A$0.058 to raise about A$58,887. That's 2.6% dilution: every existing holder's slice gets 2.6% smaller. If you held A$1,000 of shares (17,241 at the issue price), your slice goes from 0.0455% to 0.0443% of the company. To keep it you'd need 462 more shares - about A$27 at the issue price.
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1 May 2026capital raising announcement● NeutralMajor
Key secured binding commitments for a further 1,015,286 shares at $0.058 (about A$58,887), replacing part of the tranche that fell through in February. This uses up its 15% placement capacity under Listing Rule 7.1.
What it means for a shareholder
1.0m new shares at A$0.058 to raise about A$58,887. That's 2.6% dilution: every existing holder's slice gets 2.6% smaller. If you held A$1,000 of shares (17,241 at the issue price), your slice goes from 0.0455% to 0.0443% of the company. To keep it you'd need 462 more shares - about A$27 at the issue price.
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29 Apr 2026capital raising announcement● Neutral
Confirms the 3,045,858 April placement shares (about 9% of capital) were issued at $0.058, raising A$176,659.76. Completes the placement announced on 7 April and includes the standard cleansing notice.
24 Apr 2026price query● Neutral
ASX queried the price rising from $0.065 on 9 April to $0.16 intraday on 24 April. Key said it knows of no unannounced information explaining it. It added that PCA approval, once expected around end-2025, is still outstanding and is being chased through consultant UTM Global.
7 Apr 2026capital raising announcement▲ GoodMajor
Key raised A$176,659.76 by placing 3,045,858 shares at $0.058 with sophisticated investors, the same price as the February placement. Funds are for acquiring assets, maintaining existing assets and working capital. Issue is due by 28 April 2026.
What it means for a shareholder
3.0m new shares at A$0.058 to raise about A$176,660. That's 8.0% dilution: every existing holder's slice gets 8.0% smaller. If you held A$1,000 of shares (17,241 at the issue price), your slice goes from 0.0495% to 0.0455% of the company. To keep it you'd need 1,507 more shares - about A$87 at the issue price.
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19 Mar 2026capital raising announcement▼ Bad
The remaining 4,399,572 placement shares were not placed with alternative investors by the target date, and no binding agreement exists. That tranche will not proceed. Only the 1,015,286 shares already issued stand from the February placement.
13 Mar 2026half year report▼ Bad
Half-year to 31 Dec 2025: cash A$136,255 and operating cash outflow A$284,585. The eight PCA applications are still at decision stage, and approval is now expected around end-2026, not end-2025 as previously hoped. A further share issue was being considered.
26 Feb 2026capital raising announcement▼ BadMajor
Only the first part of the February placement has settled: 1,015,286 shares at $0.058 raised A$58,886.59. The other 4,399,572 shares (about A$255,000 at that price) lapse because the original subscriber withdrew. Key hopes to place them elsewhere by about 19 March.
What it means for a shareholder
1.0m new shares at A$0.058 to raise about A$58,887. That's 2.9% dilution: every existing holder's slice gets 2.9% smaller. If you held A$1,000 of shares (17,241 at the issue price), your slice goes from 0.0509% to 0.0495% of the company. To keep it you'd need 517 more shares - about A$30 at the issue price.
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11 Feb 2026capital raising announcement● NeutralMajor
Key raised A$314,061.77 by placing 5,414,858 shares at $0.058 to two sophisticated investors. Funds are for asset acquisitions, existing assets and working capital. This is the further share issue flagged in the December quarterly.
What it means for a shareholder
5.4m new shares at A$0.058 to raise about A$314,062. That's 14% dilution: every existing holder's slice gets 14% smaller. If you held A$1,000 of shares (17,241 at the issue price), your slice goes from 0.0509% to 0.0439% of the company. To keep it you'd need 2,759 more shares - about A$160 at the issue price.
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7 Jan 2026director officer appointment● NeutralMajor
Jujun Zhang was appointed Executive Director, CEO and Vice Chairman from 6 Jan 2026, with 20+ years in new-energy power generation. He will focus on strategy and investment, paid $36,000 a year; the Managing Director keeps day-to-day operations.
16 Dec 2025director officer appointment● Neutral
Company Secretary Ian Gregory, in the role since 2012, retires on 19 Dec 2025. Lawyer Fang (Celine) Xia was appointed Company Secretary from 16 Dec 2025.
6 Nov 2025other● Neutral
Registered office and principal place of business moved from Sydney to 10C, 179 North Quay, Brisbane, effective 6 Nov 2025. Administrative.
30 Oct 2025price query● Neutral
ASX queried a jump in Key's price from A$0.045 to A$0.10 on heavy volume on 29 Oct 2025. Key replied it knows of no unannounced information and no explanation for the move, and says it is complying with disclosure rules.
29 Oct 2025listing compliance notice● NeutralMajor
ASX temporarily paused trading in Key shares on 29 October 2025 pending a further announcement. The notice gave no reason for the pause.
30 Sept 2025annual report● Neutral
Appendix 4G and corporate governance statement lodged with the annual report, pointing to the company's website. Administrative filing with no new information.
30 Sept 2025annual report● Neutral
Annual report for the year to 30 June 2025. The chairman says the PCA applications for ATPs 920 and 924 are at the decision stage and approval is 'imminent', and cites three new cornerstone investors and a renewed board. Text is truncated, so financials aren't shown.
7 Aug 2025director officer appointment● NeutralMajor
Yan Zhao became Managing Director from 6 Aug 2025, replacing Louis Chien. He has over 20 years in coal, mining and business development and is paid $36,000 a year with no performance incentives.
4 Aug 2025capital raising announcement● NeutralMajor
Key raised A$152,361 by placing 3,627,636 shares at $0.042 to one sophisticated investor, below the $0.062 entitlement price. Funds go to transaction costs, preparatory costs for a 'merger and corporate development strategy', and working capital.
What it means for a shareholder
3.6m new shares at A$0.042 to raise about A$152,361. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (23,810 at the issue price), your slice goes from 0.0788% to 0.0704% of the company. To keep it you'd need 2,859 more shares - about A$120 at the issue price.
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1 Aug 2025director officer appointment● NeutralMajor
Managing Director Louis Chien resigned effective 31 July 2025 after almost four years, citing family and other business interests. Wei Jin and Yuqi Cao lead as executive directors while a replacement is sought.
31 July 2025capital raising announcement▲ Good
The remaining 2,954,682 shortfall shares were placed on 30 July 2025 for A$183,190, completing the entitlement offer. This resolves the open shortfall; total offer proceeds are about A$312,215, effectively the full target.
13 May 2025capital raising announcement▼ BadMajor
The entitlement offer closed with weak take-up: eligible holders applied for 471,874 shares ($29,256) plus 32,785 shortfall shares. A further 1,576,386 shares were placed ($97,736), leaving 2,954,855 shares (about $183,200) unplaced against the $312,225 target.
22 Apr 2025capital raising announcement● Neutral
Key extended the entitlement offer closing date from 28 April to 6 May 2025, citing Easter and ANZAC Day holidays. Price ($0.062) and terms are unchanged; new shares would be issued 13 May.
8 Apr 2025capital raising announcement● Neutral
Updated offer document for the 1-for-5 entitlement offer at $0.062, no longer underwritten, closing 28 April 2025. Repeats the 4 April update; text is truncated.
8 Apr 2025capital raising announcement● Neutral
The entitlement offer opened 8 April 2025 and documents were dispatched. It remains 1-for-5 at $0.062, up to about $312,225, closing 28 April 2025. Administrative follow-up with no new terms.
4 Apr 2025capital raising announcement▼ BadMajor
The entitlement offer is no longer underwritten: the underwriter failed to deposit the $312,225 required, so Key terminated the agreement. Terms are otherwise unchanged ($0.062, 1-for-5) and closing moves to 28 April 2025. The full raise is now not assured.
31 Mar 2025capital raising announcement● NeutralMajor
Key announced a 1-for-5 non-renounceable entitlement offer at $0.062 per share, no discount, to raise up to about $312,225 from 5,035,900 shares. It was fully underwritten by Yan Shifu. Funds are for asset acquisition, permit costs and working capital. Shares on issue are 25,179,502.
31 Mar 2025capital raising announcement● Neutral
Offer document for the 1-for-5 entitlement offer at $0.062 to raise up to about $312,225, with a shortfall facility. Repeats the 31 March announcement; text is truncated.
7 Mar 2025half year report● Neutral
Half year to 31 Dec 2024: loss of $302,297 (prior half $334,147); cash $186,709. Key lodged PCA applications for ATPs 920 and 924 on 24 Feb 2025, which if granted would hold the permits for 15 years. Approval awaited.
