Price, volume & events
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- Last 2026-11-06
- A$0.3
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
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- Upside
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- Mkt cap
- A$74.8M
- EV
- A$50.7M
- Cash
- A$2.1M
- Debt
- A$0
2 newer ASX announcements not yet reflected in this valuation
- Quarterly Activities Report and Appendix 5B - September 2026Latest Four Activities Reports
- Annual Report to ShareholdersLatest Annual Report
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Sign in or enter a guest codeAnnouncements
Latest 12 of 13All sources ▸- Application for quotation of securities - G50Corporate Action
- Quarterly Activities Report and Appendix 5B - June 2026Operations
- Strategic Investment and Capital Raising PresentationPresentation
- Proposed issue of securities - G50Corporate Action
- Application for quotation of securities - G50Corporate Action
- Notification regarding unquoted securities - G50Corporate Action
- Quarterly Activities Report and Appendix 5B - March 2026Operations
- Half Yearly Report and AccountsResults
- Quarterly Activities Report and Appendix 5B - December 2025Operations
- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Golconda, Arizona Project Purchase CompleteTransaction
- Annual Report to shareholdersResults
Event calendar · next 12 months
1 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Coming months from July 2026 | White Caps remaining core results | Results | Company Guided | High | Remaining 2026 core-hole assays could change the gold continuity thesis. |
Executive roster
As of 2026-09-26Background checks ▸2025 annual identifies managing director and secretary; July 2026 quarterly identifies CFO change. Other currently named senior management not established in dated filings.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Mark Wallace | Managing Director | Executive Director · Chief Executive | 2021-04-19 | Annual Report to shareholders · Quarterly Activities Report and Appendix 5B - June 2026 |
| Peter Frew | Chief Financial Officer | Finance | 2026-04-30 | Quarterly Activities Report and Appendix 5B - June 2026 |
| Eryl Baron | Company Secretary | Company Secretary | 2021-05-21 | Annual Report to shareholders |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Golconda
United States
Discovery Drill Stage100% ownedGoldSilverZincOthers
Owned Golconda claims include purchased JCR package; vendor 2% NSR remains. Polymetallic drilling and preliminary gallium test work require a resource and economic study.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements3
Milestones1
- Further drilling and metallurgical test work
Pending · High materiality
Material
White Caps
United States
Discovery Drill Stage0% ownedGoldSilverOthers
Lease and exclusive option to purchase 100%; current titled ownership remains 0% pending staged vendor payments. Five core holes completed in 2026.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Exploration Target | conceptual low-grade target | — tonnes: 2.0–3.0 million | 2.5–3 g/t gold | Gold | 2022-09-29 |
| Exploration Target | conceptual high-grade target | — tonnes: 0.23–0.34 million | 7–25 g/t gold | Gold | 2022-09-29 |
Tenements1
Milestones1
- Further core assay results and follow-up targeting
Pending · High materiality
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
The reported June cash balance alone covered 0.69 quarters at then-current spend; subsequent placement materially changed liquidity but no later cash statement was available. December 2025 half-year accounts also disclosed A$225,191 of lease liabilities; the June 2026 balance was not available.
Capital structure
Ownership and dilution
- Ordinary shares
- 249.2M
- Fully diluted
- 252.8M
200,247,659 at 2 September 2025; 205,093,842 after 28,991 June 2026 salary-settlement shares, leaving 4,817,192 other interim shares not individually bridged by the selected local filings. Add 44,121,928 August placement shares to reach 249,215,770. Add 1.9m A$0.40 options, 0.5m A$0.60 options and 1.2m rights for a conservative 252,815,770 fully diluted basis.
Security classes3
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Options exercisable at A$0.40 | Option | 1.9M | A$0.4 | 2029-08-04 |
| Options exercisable at A$0.60 | Option | 500K | A$0.6 | 2029-08-04 |
| Unquoted performance rights | Performance Right | 1.2M | — | — |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-08-05Ann. 2026-07-29 | RaisingG50 Ordinary Fully Paid | A$26.2M | 44.1M | A$0.595 | Completed | A$26.25m gross institutional placement; quotation confirmed on 5 August.Max 44.1M · Period 2026-07-29 to 2026-08-05 · Bell Potter Securities and Morgans Corporate |
| 2025-09-02Ann. 2025-08-29 | Raising | A$10M | 40M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Golconda acquisition and original White Caps agreement establish principal obligations. Claim-specific terms beyond these disclosures may be incomplete.
JCR retains a 2% net smelter return royalty on purchased Golconda claims; G50 has a right of first offer.
Royalty · Active- Counterparties
- JCR Mining Ventures LLC
- Applies to
- Golconda · Gold · Silver · Zinc · Others
- Economic direction
- Burden
- Period
- From 2025-10-01; no end date stated
- Key terms
- NSR: 2 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Exclusive ten-year option to acquire 100%; US$9.5m of stated future milestones remain conditional after US$0.5m initial payment.
Earn In · Active- Counterparties
- White Caps Gold Mining Inc. and private vendors
- Applies to
- White Caps · Gold
- Economic direction
- Mixed
- Period
- 2022-11-07 to 2032-11-07
- Key terms
- initial payment: 500,000 USD
reserve milestone: 1,500,000 USD
decision to mine: 5,250,000 USD
commencement of mining: 2,750,000 USD
How it affects our valuation
No valuation treatment is available for this arrangement.
White Caps vendors retain a 2% net smelter return royalty in addition to staged option payments.
Royalty · Active- Counterparties
- White Caps Gold Mining Inc. and private vendors
- Applies to
- White Caps · Gold · Silver · Others
- Economic direction
- Burden
- Period
- From 2022-11-07; no end date stated
- Key terms
- NSR: 2 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
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Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
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Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Limited-scope management background review of G50 Corp Limited. Issuer disclosures support the rostered offices; person-level chronology, attributed outcomes and targeted adverse-record research remain incomplete.
Decision-relevant facts
Material summary
Mark Wallace
Managing Director
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
Peter Frew
Chief Financial Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
Eryl Baron
Former Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Prior-employer chronology and qualifications are based mainly on issuer disclosures; independent employment and credential verification was not available in the reviewed public record.
- The documented name/employer searches are not an exhaustive court, ASIC, sanctions, safety or environmental registry check; no relevant adverse finding surfaced in the searches documented.
- Company-level outcomes are not attributed personally without a source connecting the executive to the action or result.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-09-25 · 249,215,770 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 19.99% | 49,820,589 | |
| 2 | 6.03% | 15,029,243 | |
| 3 | 4.96% | 12,360,953 | |
| 4 | 4.00% | 9,956,500 | |
| 5 | 2.37% | 5,900,000 | |
| 6 | 2.30% | 5,727,626 | |
| 7 | 2.06% | 5,142,894 | |
| 8 | 1.93% | 4,800,000 | |
| 9 | 1.66% | 4,147,606 | |
| 10 | 1.63% | 4,058,735 | |
| 11 | 1.51% | 3,771,283 | |
| 12 | 1.38% | 3,442,373 | |
| 13 | 1.15% | 2,877,993 | |
| 14 | 1.12% | 2,800,000 | |
| 15 | 1.00% | 2,500,000 | |
| 16 | 0.97% | 2,410,000 | |
| 17 | 0.95% | 2,370,469 | |
| 18 | 0.80% | 2,000,000 | |
| 19 | 0.80% | 2,000,000 | |
| 20 | 0.80% | 1,984,614 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 13.61%Issued shares | 2025-09-02 | |
| 11.47%Issued shares | 2025-09-02 | |
| 11.47%Issued shares | 2025-09-02 | |
| 8.90%Issued shares | 2025-09-02 | |
| Gina Rinehart | 5.36%Issued shares | 2026-08-05 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- Most substantial-holder disclosures are dated September 2025; the issuer states that percentages are those disclosed in notices and calculated using the share capital on the notice date.
- The Rinehart and Hancock rows refer to the same 13,361,344 shares and are represented once.
- Registered nominees do not identify underlying beneficial owners.
Sources
- G50 Corp Limited 2026 Annual Report
ASX / G50 Corp Limited · Published 2026-09-30 · Accessed 2026-10-09
Top-20 registered accounts and substantial-holder disclosures; capital 249,215,770 ordinary shares following the 5 August 2026 placement.
Local PDF downloads/G50/2026/2026-09-30_Annual Report to Shareholders_79d20982186e4b0a.pdf, pp. 48-49
Disclosed activity
Insider transactions
Trading activity1 buy · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-06-29 | Robert G. Reynolds
Details & evidence for Robert G. Reynolds on 2026-06-29As disclosed: 28,991 ordinary shares issued to former Chair Robert Reynolds or nominee in lieu of salary for September and October 2025 totalling A$12,000; no cash consideration. Source also gives two separate VWAPs but does not allocate per period.
director; later identified as former Chair · Start not disclosed Rogo Investment Pty Ltd · controls registered holder Application for quotation of securities - G50 ↗ | GrantFully paid ordinary shares | 28,991 | —Non Cash | — | — |
| 2025-11-24 | Ian DaviesCharmian Investments Pty Ltd <Charmian A/C>
Details & evidence for Ian Davies on 2025-11-24As disclosed: 274,602 shares issued in lieu of director fees for 1 September 2024 to 31 August 2025, valued by issuer at A$0.1627/share; no cash was paid.
director · Start not disclosed Charmian Investments Pty Ltd <Charmian A/C> · indirect interest through director-fee share account Change of Director's Interest Notice ↗ | GrantFully paid ordinary shares | 274,602 | —Non Cash | — | 1,897,820 |
| 2024-08-07 | Mark A. WallaceSierra Whiskey Pty Limited
Details & evidence for Mark A. Wallace on 2024-08-07The disclosed before/after balances establish 1,000,000 shares issued; source omits a separate number-acquired cell in extraction. As disclosed: 1,000,000 fully paid ordinary shares issued on exercise of vested performance rights; notice states no consideration and gives an indicative A$0.1412 share value.
director / managing director · Start not disclosed Sierra Whiskey Pty Limited · sole director and shareholder of registered holder Change of Director's Interest Notice - M Wallace ↗ | ExerciseFully paid ordinary shares | 1,000,000 | —Non Cash | — | 2,675,000 |
| 2024-08-07 | Mark A. WallaceMark A. Wallace
Details & evidence for Mark A. Wallace on 2024-08-07Paired with share issuance under the same exercise; separate security class. As disclosed: 1,000,000 vested rights exercised, reducing rights from 3,000,000 to 2,000,000; no cash consideration disclosed.
director / managing director · Start not disclosed Sierra Whiskey Pty Limited · sole director and shareholder of registered holder Change of Director's Interest Notice - M Wallace ↗ | ExercisePerformance Rights | 1,000,000 | —Non Cash | — | 2,000,000 |
| 2023-11-07 | Gregory P. FoulisLaridae Holdings Trade A/C
Details & evidence for Gregory P. Foulis on 2023-11-07As disclosed: 250,000 shares issued on exercise of vested rights for no consideration.
director · Start not disclosed Laridae Holdings Trade A/C · director, shareholder and beneficiary of holder Change of Director's Interest Notice - Foulis ↗ | ExerciseFully paid ordinary shares | 250,000 | —Non Cash | — | 350,000 |
| 2023-11-07 | Gregory P. FoulisLaridae Holdings Trade A/C
Details & evidence for Gregory P. Foulis on 2023-11-07Paired with issue of 250,000 ordinary shares. As disclosed: 250,000 vested performance rights exercised; rights balance reduced from 250,000 to zero; rights grant deemed value A$0.192, no exercise cash.
director · Start not disclosed Laridae Holdings Trade A/C · director, shareholder and beneficiary of holder Change of Director's Interest Notice - Foulis ↗ | ExercisePerformance Rights | 250,000 | —Non Cash | — | 0 |
| 2023-10-18 | Robert G. ReynoldsRogo Investment Pty Ltd
Details & evidence for Robert G. Reynolds on 2023-10-18As disclosed: 250,000 shares issued on exercise of vested rights for no consideration.
director; later identified as former Chair · Start not disclosed Rogo Investment Pty Ltd · controls registered holder Change of Director's Interest Notice -Reynolds ↗ | ExerciseFully paid ordinary shares | 250,000 | —Non Cash | — | 750,000 |
| 2023-10-18 | Robert G. Reynolds
Details & evidence for Robert G. Reynolds on 2023-10-18Paired with issue of 250,000 ordinary shares. As disclosed: 250,000 vested performance rights exercised; rights balance reduced from 250,000 to zero; rights grant deemed value A$0.192, no exercise cash.
director; later identified as former Chair · Start not disclosed Rogo Investment Pty Ltd · controls registered holder Change of Director's Interest Notice -Reynolds ↗ | ExercisePerformance Rights | 250,000 | —Non Cash | — | 0 |
| 2023-09-29 | Mark A. WallaceSierra Whiskey Pty Limited
Details & evidence for Mark A. Wallace on 2023-09-29As disclosed: On-market acquisition at an average A$0.1483 per share.
director / managing director · Start not disclosed Sierra Whiskey Pty Limited · sole director and shareholder of registered holder Change of Director's Interest Notice M Wallace ↗ | PurchaseFully paid ordinary shares | 15,000 | AUD 2,224.50 | AUD 0.1483Disclosed price | 1,015,000 |
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Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory16 documents
ASX G50 ordinary share closing price, 25 September 2026Market Data · MediumExtracted
Latest eligible local database close selected by miners.reference_price; one ASX ordinary share in AUD.
- Document ID
- price-2026-09-25
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
G50 - Show Your WorkingOther · MediumExtracted
Independent commentary tests funding, assay continuity, placement framing and preliminary gallium metallurgy; publication time normalized because only day was available.
- Document ID
- outside-2026-08-10
- Published UTC
- 2026-08-10T02:00:00Z
- Projects
- golconda · white-caps
- Commodities
- gold · silver · others
Application for quotation of securities - G50Corporate Action · HighExtracted
Completed 44.12m placement share quotation; 249.216m ordinary shares and 3.6m unquoted options and rights.
- Document ID
- aug-quotation
- Published UTC
- 2026-08-05T01:35:23Z
- Projects
- —
- Commodities
- —
Quarterly Activities Report and Appendix 5B - June 2026Operations · HighExtracted
June quarter project drill and preliminary metallurgy results; A$2.105m cash at June end, July placement commitment.
- Document ID
- june-2026-quarter
- Published UTC
- 2026-07-31T04:21:20Z
- Projects
- golconda · white-caps
- Commodities
- gold · silver · zinc · others
Strategic Investment and Capital Raising PresentationPresentation · HighExtracted
A$26.25m placement terms, use of funds, project strategy and geological presentation.
- Document ID
- july-presentation
- Published UTC
- 2026-07-29T05:32:50Z
- Projects
- golconda · white-caps
- Commodities
- gold · silver · others
Proposed issue of securities - G50Corporate Action · MediumExtracted
Proposed security issue preceding actual quotation.
- Document ID
- july-proposal
- Published UTC
- 2026-07-28T23:59:14Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - G50Corporate Action · MediumExtracted
June quotation of 28,991 shares in lieu of salary; 205,093,842 ordinary shares after issue.
- Document ID
- june-quotation
- Published UTC
- 2026-06-29T23:44:10Z
- Projects
- —
- Commodities
- —
Notification regarding unquoted securities - G50Corporate Action · MediumExtracted
Unquoted securities notice; August capital schedule supersedes for current totals.
- Document ID
- may-unquoted
- Published UTC
- 2026-05-06T05:53:48Z
- Projects
- —
- Commodities
- —
Quarterly Activities Report and Appendix 5B - March 2026Operations · MediumExtracted
March drilling and gallium metallurgy update; A$5.157m quarter-end cash.
- Document ID
- mar-2026-quarter
- Published UTC
- 2026-04-28T23:17:52Z
- Projects
- golconda · white-caps
- Commodities
- —
Half Yearly Report and AccountsResults · MediumPartial
Scanned half-year accounts: balance sheet and profit/loss visually inspected; later quarterlies supersede cash but lease balances remain latest disclosed.
- Document ID
- halfyear-2026
- Published UTC
- 2026-03-06T00:08:28Z
- Projects
- —
- Commodities
- —
Quarterly Activities Report and Appendix 5B - December 2025Operations · MediumExtracted
December quarterly drilling and A$7.621m cash.
- Document ID
- dec-2025-quarter
- Published UTC
- 2026-01-29T23:59:14Z
- Projects
- golconda · white-caps
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · MediumPartial
September quarter exploration, placement and funding report.
- Document ID
- sep-2025-quarter
- Published UTC
- 2025-10-15T22:36:45Z
- Projects
- golconda · white-caps
- Commodities
- —
Golconda, Arizona Project Purchase CompleteTransaction · HighExtracted
Acquisition of former leased Golconda claims for US$1m; JCR retains 2% NSR.
- Document ID
- golconda-purchase
- Published UTC
- 2025-09-30T22:47:21Z
- Projects
- golconda
- Commodities
- gold · silver · others
Annual Report to shareholdersResults · HighExtracted
FY2025 audited report: exploration company; consolidated subsidiaries, capital and vendor obligations.
- Document ID
- annual-2025
- Published UTC
- 2025-09-15T23:06:33Z
- Projects
- golconda · white-caps
- Commodities
- gold · silver · others
Nevada Projects DivestmentTransaction · MediumExtracted
Non-core Nevada rights assigned to Renegade, which assumes future obligations.
- Document ID
- nevada-sale
- Published UTC
- 2025-05-30T02:12:39Z
- Projects
- —
- Commodities
- —
Acquisition of High-Grade White Caps Gold ProjectEconomic Arrangement · HighExtracted
Original announcement; publication day is evidenced; 09:00 is a normalized time because exact release minute was unavailable.
- Document ID
- white-caps-agreement
- Published UTC
- 2022-11-08T22:00:00Z
- Projects
- white-caps
- Commodities
- gold
Evidence facts48
10 years
2022-11-091500000 USD
2022-11-095250000 USD
2022-11-092750000 USD
2022-11-092 % NSR
2022-11-09Target 1: 110–290 koz; target 2: 50–270 koz Au None
2022-09-29Broken Hills, Caisson, Spitfire, Top Gun None
2025-05-30200247659 shares
2025-09-02Mark Wallace; Sharmila Watson; Eryl Baron None
2025-06-30Gold 50 US Inc, Oro Golconda LLC and Gold 50 Caldera LLC each 100% None
2025-06-3060000 USD
2025-06-30True None
2025-06-301000000 USD
2025-07-31100 %
2025-10-012 % NSR
2025-10-0110000000 AUD
2025-09-307621000 AUD
2025-12-317621494 AUD
2025-12-31100257 AUD
2025-12-31124934 AUD
2025-12-31773790 AUD
2025-12-311192607 AUD
2025-12-315157000 AUD
2026-03-3128991 shares
2026-06-29205093842 shares
2026-06-300.595 AUD/share
2026-07-2944121928 shares
2026-07-297950000 AUD
2026-07-29Further Golconda and White Caps exploration None
2026-07-2944121928 shares
2026-07-292105000 AUD
2026-06-303038000 AUD
2026-06-300.69 quarters
2026-06-300 AUD
2026-06-301.3 km
2026-06-301.8 km
2026-07-2713.5m at 7.67g/t Au None
2026-06-22Peter Frew None
2026-04-3026250000 AUD
2026-07-2963–87% None
2026-07-1544121928 shares
2026-08-05249215770 shares
2026-08-051900000 options
2026-08-05500000 options
2026-08-051200000 rights
2026-08-05Funding and gallium product proof lag drilling headlines None
2026-08-100.435 AUD/share
2026-09-25144081 shares
2026-09-25