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Alicanto Minerals
(Sydney:AQI)
Alicanto Minerals (AQI) vs. iShares MSCI Australia ETF (EWA)
Alicanto Minerals Business Overview & Revenue Model
Alicanto Minerals Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.85K | 30.85K | 37.82K | 18.22K | 4.64K | 9.14K |
| Gross Profit | 30.85K | 30.85K | 37.82K | -142.59K | -282.17K | -103.29K |
| EBITDA | -4.39M | -4.39M | -5.34M | -6.87M | -9.24M | -6.50M |
| Net Income | -942.04K | -942.04K | -5.47M | -7.05M | -9.94M | -7.36M |
Balance Sheet | ||||||
| Total Assets | 4.98M | 4.98M | 2.94M | 5.42M | 6.09M | 7.44M |
| Cash, Cash Equivalents and Short-Term Investments | 2.64M | 2.64M | 803.77K | 3.07M | 3.25M | 4.51M |
| Total Debt | 181.23K | 181.23K | 112.47K | 167.95K | 361.98K | 573.73K |
| Total Liabilities | 425.52K | 425.52K | 405.38K | 640.34K | 1.22M | 1.10M |
| Stockholders Equity | 4.56M | 4.56M | 2.54M | 4.78M | 4.87M | 6.34M |
Cash Flow | ||||||
| Free Cash Flow | -2.74M | -2.74M | -5.01M | -6.11M | -8.33M | -4.30M |
| Operating Cash Flow | -2.73M | -2.73M | -5.01M | -5.98M | -8.31M | -4.30M |
| Investing Cash Flow | 30.87K | 30.87K | -1.06K | 300.24K | 750.83K | -454.77K |
| Financing Cash Flow | 4.53M | 4.53M | 2.74M | 5.49M | 6.30M | 6.83M |
Alicanto Minerals Technical Analysis
Alicanto Minerals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | AU$38.12M | -13.08 | -19.04% | ― | ― | -4.00% | |
49 Neutral | AU$25.45M | -6.92 | -12.25% | ― | ― | -791.67% | |
47 Neutral | AU$35.42M | -8.10 | -13.91% | ― | ― | -48.72% | |
46 Neutral | AU$185.65M | -145.45 | -26.54% | ― | ― | 87.21% | |
46 Neutral | AU$31.58M | -6.35 | -7.34% | ― | ― | ― | |
45 Neutral | AU$56.32M | -8.86 | -20.41% | ― | 400.00% | 21.71% |
Alicanto Minerals Corporate Events
Alicanto Minerals has called a general meeting of shareholders for 30 January 2026 in West Perth to vote on key share and performance right issuances linked to a transaction with Karora Higginsville Pty Ltd, a wholly owned subsidiary of Westgold Resources. The board is seeking approval to issue new consideration shares that would give Karora a 19.9% undiluted stake in Alicanto, along with more than 545 million consideration performance rights, signalling a significant strategic alignment with a major industry player that could reshape the company’s ownership structure and influence its future development plans.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals has raised approximately A$12.8 million before costs through the first tranche of a share placement, issuing 232,066,993 fully paid ordinary shares at A$0.055 each under ASX Listing Rules 7.1 and 7.1A. The company plans a second tranche of up to 277,023,916 shares to raise a further A$15.2 million, subject to shareholder approval at a general meeting expected in late January 2026, signalling a significant capital injection that may support its exploration and development activities and strengthen its financial position; Alicanto also confirmed via a cleansing notice that the new shares were issued without a prospectus and that it remains compliant with its continuous disclosure and reporting obligations under the Corporations Act.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals Limited has applied for quotation on the ASX of 232,066,993 new ordinary fully paid shares under its issuer code AQI. The large issuance, documented in an Appendix 2A filing, will expand the company’s quoted share capital from 24 December 2025, signaling a significant capital move that may affect existing shareholders through dilution while potentially providing additional funding capacity for future corporate or project activities.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals has clarified amendments to its earlier announcement regarding the acquisition of the Mt Henry Gold Project and associated capital raising, updating technical disclosures and drilling information in line with ASX requirements. The company has entered a binding agreement with Westgold Resources to acquire 100% of the Mt Henry Gold Project in Western Australia, which hosts a 0.9Moz gold resource within a 16km mineralised corridor that remains open along strike and at depth, and plans an immediate 50,000m multi-rig drilling campaign to grow resources and test new targets. With gold prices significantly higher than assumed in earlier pit shell models, recent high-grade drill intercepts in unmined areas, and Westgold set to become a 19.9% shareholder as part of a transaction involving upfront cash, shares and deferred performance-based consideration, the deal is positioned as transformational for Alicanto, bolstering its balance sheet to a pro forma $17.3m in cash and potentially reshaping its growth profile in the Kalgoorlie gold district.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals Limited has announced a proposed issue of securities, including 545,454,546 vendor performance rights and 866,190,909 ordinary fully paid shares. This issuance is part of a strategic move to enhance the company’s capital structure and support its ongoing exploration and development activities, potentially strengthening its position in the mining industry.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals has announced a significant acquisition of the Mt Henry Gold Project, which is expected to be transformational for the company. The project boasts approximately 900,000 ounces of gold resources with potential for further exploration. This acquisition positions Alicanto to expand its operations in a district known for its high-grade gold deposits, enhancing its industry standing and offering potential benefits for shareholders.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals has announced the acquisition of the Mt Henry Gold Project from Westgold Resources, gaining 100% ownership of a significant gold resource in Western Australia. This acquisition positions Alicanto in a prime gold jurisdiction, offering substantial growth potential due to the project’s large, near-surface gold system and the current high gold prices. The company plans an aggressive drilling campaign to expand the resource and explore new targets, with strong financial backing from institutional investors and a strategic partnership with Westgold, which will become a major shareholder.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Westgold Resources Limited, a company focused on optimizing its portfolio by concentrating on larger, core operating assets, has divested its Mt Henry-Selene Gold Project to Alicanto Minerals Limited for $64.6 million. This strategic move allows Westgold to realize value from a non-core asset and aligns with its corporate strategy, providing shareholders with a mix of cash and potential project upside through a significant shareholding in Alicanto. The transaction positions Westgold to focus on its core operations while Alicanto plans to advance the project, potentially unlocking additional value for stakeholders.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals Limited has requested a trading halt on its securities pending an announcement regarding a significant acquisition and related capital raising. This move may impact the company’s operations and market positioning, signaling potential growth opportunities or strategic shifts for stakeholders.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals Limited has announced the issuance of 30 million performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize its workforce, potentially impacting its operational efficiency and aligning employee interests with corporate goals.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals Ltd has addressed a query from the Australian Securities Exchange (ASX) regarding a late lodgement of a change in director’s interest notice for Mr. Didier Murcia. The delay was attributed to an administrative oversight, and the company has reaffirmed its commitment to compliance by reviewing its procedures to ensure timely notifications in the future. This incident highlights the importance of stringent internal controls and adherence to disclosure obligations for maintaining investor confidence.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals Limited has announced a change in the director’s interest, with Raymond Shorrocks acquiring 2,500,000 fully paid ordinary shares through Spring Street Holdings Pty Ltd. This acquisition was part of a shareholder-approved placement, enhancing the director’s stake in the company and potentially impacting its governance and strategic direction.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals Limited has announced the application for the quotation of 4,125,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, and it aims to enhance the company’s financial standing and support its ongoing exploration and development activities.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals Limited announced the cessation of several securities options that expired without being exercised or converted. This development involves a total of 16 million options with varying exercise prices, which expired on November 24, 2025. The cessation of these options may impact the company’s capital structure and could influence investor perceptions regarding the company’s future financial strategies.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals has appointed Jeffrey Sansom as the new CEO, effective March 2026, to lead the company through its next phase of growth, focusing on the Falun Copper-Gold Project and potential acquisitions. Sansom’s extensive experience in the resources sector and capital markets is expected to enhance Alicanto’s market presence and drive shareholder value, positioning the company for strategic growth and development.
Alicanto Minerals Limited has issued an addendum to its 2025 Notice of Annual General Meeting, introducing additional resolutions for shareholder consideration. The addendum includes resolutions for the ratification of the issuance of 76,000,000 Placement Shares and the approval of issuing up to 4,125,000 Director Placement Shares to various directors. This move is part of the company’s strategic efforts to enhance its capital structure and align the interests of its directors with those of its shareholders.
Alicanto Minerals has completed its regional summer exploration program in Sweden, identifying new copper, silver, and gold targets. The company is also in discussions with potential strategic partners for its Swedish projects, including the Sala Silver Project, which has a significant inferred resource. Alicanto continues to assess potential acquisitions to create substantial value, leveraging its exploration and project development expertise. The company’s ongoing exploration efforts, particularly at the historic Falun mine and the Greater Falun Project, highlight the untapped potential of these mineral-rich areas, positioning Alicanto to strengthen its industry standing and deliver value to stakeholders.
Alicanto Minerals Limited has issued 76 million fully paid ordinary shares at A$0.04 each, raising approximately A$3 million in the first tranche of its Placement. The company plans to issue a second tranche of up to 4.125 million shares, pending shareholder approval, to raise an additional A$165,000. This capital raising effort is part of Alicanto’s strategy to enhance its financial position and support its ongoing operations.
Alicanto Minerals Limited has announced the quotation of 76,000,000 fully paid ordinary securities on the ASX, effective October 29, 2025. This move is part of previously announced transactions, potentially impacting the company’s capital structure and market presence, signaling a strategic step in its growth and expansion efforts.
Alicanto Minerals Limited has announced its Annual General Meeting, which will take place on November 27, 2025, in West Perth, WA. The meeting will cover the company’s annual report, including financial, directors’, and auditor’s reports, and will address resolutions such as the remuneration report and the re-election of director Raymond Shorrocks.
Alicanto Minerals Limited has announced a proposed issue of 79,125,000 ordinary fully paid securities, with the issue date set for December 4, 2025. This move is part of a placement or other type of issue, which could impact the company’s financial structure and market positioning by potentially increasing its capital base.
Alicanto Minerals Ltd has secured firm commitments for a $3 million share placement to institutional and sophisticated investors, with the proceeds directed towards exploration activities at its Falun Copper-Gold and Sala Zinc-Silver projects in Sweden, as well as evaluating potential acquisition opportunities. This strategic move is expected to bolster Alicanto’s exploration efforts and enhance its position in the mining industry, potentially leading to increased shareholder value.
Alicanto Minerals Ltd has announced the completion of an early-stage exploration program in Sweden, revealing promising results at its Greater Falun and Sala projects. The exploration has identified new copper, silver, and gold targets, with rock chip assays showing significant mineralization potential. These findings are expected to bolster strategic partnership discussions and highlight the growth potential of Alicanto’s Swedish projects.
Alicanto Minerals Limited has requested a trading halt on its securities pending an announcement related to a capital raising initiative. This move indicates a potential strategic financial maneuver aimed at bolstering the company’s resources, which could impact its market positioning and stakeholder interests.