HALO MINERALS PLC

• ⚠

  Material uncertainty over going concern

  However, given there remains a level of uncertainty regarding the availability of further funding, the Directors consider that there remains a material uncertainty over the capacity of the Company to continue meeting its obligations as they fall due over this period and hence the status of the Company as a going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  +600%

  £2,000 → £14,000

• Net assets

  +65.6%

  -£3,389,000 → -£1,167,000

• Employees

  0%

  2 → 2

• Operating profit

  +197.4%

  -£156,000 → £152,000

• Profit before tax

  +15.4%

  -£578,000 → -£489,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. HALO MINERALS PLC 2026-01-06 → present
2. GUARDIAN METALS PLC 2024-08-12 → 2026-01-06
3. GUARDIAN GLOBAL SECURITY PLC 2022-01-21 → 2024-08-12
4. NU-OIL AND GAS PLC 2015-10-26 → 2022-01-21
5. ENEGI OIL PLC 2007-09-13 → 2015-10-26

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, given there remains a level of uncertainty regarding the availability of further funding, the Directors consider that there remains a material uncertainty over the capacity of the Company to continue meeting its obligations as they fall due over this period and hence the status of the Company as a going concern.”

Group structure

1. HALO MINERALS PLC · parent
   1. Guardian Africa Limited 100% · UK
   2. Guardian West Africa Limited 100% · UK
   3. Guardian Mining Limited 100% · UK

Significant events

• “On 6 January 2025 the Company drew a further £50,000 in principle on its convertible loan facility with MBD Partners, leaving a remaining balance £450,000 of undrawn amounts available under the facility terms.”
• “In April and June 2025, the Company completed agreements to draw down a further £200,000 and £125,000 respectively under this facility leaving a remaining balance of £125,000 of undrawn amounts available under the facility terms.”
• “On 6 February 2025, the Company entered into a Sale and Purchase Agreement (SPA) for the acquisition of 100% of the ordinary share capital of Copper Bay Limited (the "Target"), a company holding a 100% interest in the Chañaral Copper Project in Chile through Chilean subsidiaries.”
• “The completion of the conditions and therefore acquisition of the Target took place on 31st March 2025.”
• “On 26 March 2025, the Company agreed the settlement of £26,136 in amounts payable to legacy creditors by the payment of £5,200 in cash.”
• “On 27 March 2025 the Company raised an additional £5,200 in cash by the allotment of 185,170,707 new ordinary shares to an existing high net worth investor at a price of 0.0028082 pence per share.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

6

last 24 months

Officers appointed

2

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.