Silex Systems (SLX) AGM 2024 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum, virtual participation options, and prior minutes tabled for inspection.

• CEO Dr Michael Goldsworthy led the 2024 AGM, outlining the mission to commercialise SILEX laser enrichment technology for uranium, silicon, and medical isotopes.

• Board members, including a new director candidate, and audit partner introduced; agenda included business updates and voting instructions.

• Shareholders could submit questions in advance or live, with moderation to ensure efficiency.

• Voting on all items conducted via poll, with both in-person and online mechanisms explained.

Financial performance review

• As of 30 June 2024, cash and term deposit holdings were $113.1m with no corporate debt.

• Over $2 million in license revenue reported, including royalties from technology agreements.

• Cash burn for the previous year was discussed, with expectations of a slight increase for the next year due to ongoing projects.

• Company remains well-capitalized, with a positive outlook on funding.

Board and executive committee updates

• Susie Corlett introduced as a new board candidate, bringing extensive mining, finance, and governance experience.

• Helen Cook retired from the board, recognized for her significant contributions.

• Board maintains active assessment programs to ensure governance and competency breadth.