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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 20.14K | 30.85K | 37.82K | 18.22K | 4.64K | 9.14K |
| Gross Profit | -13.12K | 30.85K | 37.82K | -142.59K | -282.17K | -103.29K |
| EBITDA | -8.54M | -4.39M | -5.34M | -6.87M | -9.24M | -6.50M |
| Net Income | -5.06M | -942.04K | -5.47M | -7.05M | -9.94M | -7.36M |
Balance Sheet | ||||||
| Total Assets | 18.78M | 4.98M | 2.94M | 5.42M | 6.09M | 7.44M |
| Cash, Cash Equivalents and Short-Term Investments | 15.36M | 2.64M | 803.77K | 3.07M | 3.25M | 4.51M |
| Total Debt | 159.25K | 181.23K | 112.47K | 167.95K | 361.98K | 573.73K |
| Total Liabilities | 692.69K | 425.52K | 405.38K | 640.34K | 1.22M | 1.10M |
| Stockholders Equity | 18.08M | 4.56M | 2.54M | 4.78M | 4.87M | 6.34M |
Cash Flow | ||||||
| Free Cash Flow | -2.71M | -2.74M | -5.01M | -6.11M | -8.33M | -4.30M |
| Operating Cash Flow | -2.70M | -2.73M | -5.01M | -5.98M | -8.31M | -4.30M |
| Investing Cash Flow | -967.39K | 30.87K | -1.06K | 300.24K | 750.83K | -454.77K |
| Financing Cash Flow | 15.27M | 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$29.30M | -6.78 | -6.34% | ― | ― | ― | |
47 Neutral | AU$50.42M | -3.39 | -35.89% | ― | ― | -4.00% | |
47 Neutral | AU$47.12M | 3.40 | 7.66% | ― | 400.00% | 21.71% | |
45 Neutral | AU$15.30M | -5.12 | -11.87% | ― | ― | -791.67% | |
44 Neutral | AU$27.13M | -3.74 | -17.36% | ― | ― | -48.72% | |
42 Neutral | AU$239.60M | -12.93 | -44.73% | ― | ― | 87.21% |
Alicanto Minerals Corporate Events
Alicanto Minerals Limited has released its 2025 Half-Year Report, which includes a chair’s message, an operations review, compliance statements, and a directors’ report. The document also contains an auditor’s independence declaration, an independent auditor’s review report, and formal directors’ declarations, underscoring the company’s adherence to corporate governance and financial disclosure standards.
While the release outlines the structure of the half-year reporting package, it does not provide specific financial results, operational metrics, or strategic updates in the excerpt provided. For stakeholders, the emphasis is on the existence of a complete, independently reviewed half-year report, signaling ongoing regulatory compliance and transparency, but leaving the actual performance and outlook details to the full report itself.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
S&P Dow Jones Indices has updated its March 2026 quarterly rebalance of the All Ordinaries index, confirming that Alicanto Minerals Limited and a range of other resource and industrial companies will be added before trading opens on March 23, 2026. In a reversal of earlier plans, African Gold Limited will no longer be included and American Rare Earths Limited will remain in the index, signaling refined index composition that may influence liquidity, investor visibility, and capital access for the added and retained constituents.
The revised changes highlight ongoing recalibration of the Australian equity benchmark to better reflect current market dynamics across mining, energy transition, and diversified sectors. For companies like Alicanto Minerals and other new entrants, inclusion in the All Ordinaries can enhance profile among institutional investors and index-tracking funds, potentially affecting trading volumes and valuation over time.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
S&P Dow Jones Indices has announced its March 2026 quarterly rebalance of the S&P/ASX series, with changes effective before trading on March 23 and affecting key benchmarks from the S&P/ASX 20 through to the S&P/ASX 300. The reshuffle brings Northern Star Resources into the top-20 at the expense of Santos, adds Light & Wonder and PLS Group to the 50, boosts the presence of gold and resources names in the 100 and 200, and introduces a raft of smaller resource, technology and property-related stocks to the 300, moves that are likely to trigger passive fund flows and adjust the sectoral tilt of Australian equity portfolios benchmarked to these indices.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals is gearing up to launch its first drilling campaign at the Mt Henry Gold Project in Western Australia’s Eastern Goldfields, targeting the 16km mineralised corridor that hosts a 0.9Moz gold resource, much of it within 150m of surface. The 50,000m, multi-rig program, starting next month and scaling to three rigs by Q4 FY26, aims to extend mineralisation along strike and at depth, upgrade the current 915,000oz resource and demonstrate Mt Henry’s scale potential, underpinned by constructive engagement with the Ngadju Native Title Aboriginal Corporation.
Initial drilling will concentrate on step-out holes at the Selene and Mt Henry deposits before testing broader mineralised envelopes across the corridor to drive rapid, cost-effective resource growth and sustain exploration momentum. With Mt Henry’s resources on granted mining leases near established infrastructure and Alicanto’s broader portfolio in Sweden’s Bergslagen region, the campaign could enhance the company’s growth profile and strengthen its position as a gold and polymetallic explorer.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals has disclosed that shareholders Sarah June Naylor and Michael Dylan Naylor have ceased to be substantial holders in the company as of 13 February 2026, following dilution of their stake due to the issue of new shares. The notice also records that Gold Leaf Corporate Pty Ltd participated in Tranche 2 of a placement, subscribing for 719,697 post-consolidation ordinary shares for $474,999.69, indicating a further shift in the company’s share register and voting power distribution among investors.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals has completed a 12-for-1 consolidation of its capital across all quoted and unquoted securities, including ordinary shares, options and performance rights, as approved by shareholders. The company now has 106,591,088 fully paid ordinary shares on issue, with fractional entitlements rounded up, and normal post-consolidation trading is set to commence on 12 February 2026.
The capital consolidation precedes the scheduled issue of Tranche 2 placement shares and the expected completion of the Mt Henry Gold Project acquisition around 13 February 2026. These steps streamline Alicanto’s capital structure while advancing a key project acquisition, potentially strengthening its balance sheet flexibility and growth prospects in the gold exploration and development space.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals has highlighted the Mt Henry Gold Project as a proven gold system with significant potential for growth, underscoring its strategic importance within the company’s portfolio. The project’s existing mineral resource estimates, previously disclosed to the market, remain current, with no new data requiring revision to the underlying assumptions.
The company reiterates that its exploration results and mineral resource estimates for Mt Henry are consistent with earlier market announcements, reinforcing confidence in the project’s geological foundations. By confirming the stability of these estimates, Alicanto seeks to give stakeholders greater certainty around the project’s scale and potential, supporting its positioning as a substantial Western Australian gold opportunity.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals has secured shareholder approval to acquire the Mt Henry Gold Project in Western Australia, which hosts an existing mineral resource of about 915,000 ounces of gold, and expects to complete the transaction by mid-February 2026, with Westgold Resources to become a 19.9% shareholder. The company has simultaneously reshaped its leadership team, appointing Jeff Sansom as CEO and making key executive and geology hires to accelerate mobilisation and an extensive drilling program aimed at expanding the Mt Henry resource, positioning Alicanto for its next growth phase and long-term value creation for shareholders.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals has confirmed that all resolutions put to shareholders at its 30 January 2026 general meeting were approved by poll, providing full endorsement for its current capital management and funding strategy. Key approvals included Tranche 2 of a placement, ratification of Tranche 1 placement shares, director participation in the placement, and a 12-for-1 share consolidation, with a detailed timetable set for the consolidation process and issuance of new securities through mid-February 2026, paving the way for settlement of the capital raising and commencement of post-consolidation trading.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals has entered a binding agreement with Westgold to acquire 100% of the Mt Henry Gold Project in Western Australia’s Norseman–Kalgoorlie greenstone belt, a transaction underpinned by firm commitments from institutional investors to raise $28 million via a two‑tranche placement. The Mt Henry project hosts 915,000 ounces of near-surface gold resources across three deposits along a 16km mineralised corridor, with mineralisation open along strike and down dip and numerous high‑grade, largely shallow drill intercepts pointing to strong potential for rapid resource growth; Alicanto plans an intensive 50,000m multi‑rig drilling campaign post-acquisition, while Westgold’s emergence as a 19.9% shareholder and the appointment of Jeffrey Sansom as CEO signal a strategic shift into Australian gold growth backed by a strengthened balance sheet, as exploration also continues at the company’s Greater Falun project in Sweden, where recent rock chip and soil work has generated new copper, silver and gold targets.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals Limited, an ASX-listed minerals exploration company, operates within the broader resources industry, focusing on the discovery and development of mineral assets to create value for shareholders and stakeholders.
The company has issued 118,750,000 fully paid ordinary shares following the conversion of an equivalent number of vested performance rights held by its directors, employees and consultants under its Employee Securities Incentive Plan, effectively increasing its share capital and aligning staff and advisers’ interests with shareholders. Alicanto stated that these shares were issued without a prospectus under the relevant provisions of the Corporations Act and confirmed it is compliant with its financial reporting and continuous disclosure obligations, signalling regulatory adherence and transparency around the capital management move.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
Alicanto Minerals has disclosed a change in director Raymond Shorrocks’ indirect interest in the company following the conversion of performance rights into equity. Through Spring Street Holdings Pty Ltd, where he is a director, Shorrocks has converted 5 million Class O performance rights with a nil exercise price into 5 million fully paid ordinary shares, increasing his indirect shareholding to 18,293,093 ordinary shares while his remaining performance rights now comprise various classes expiring between 2028. The transaction, which involved no cash consideration and was not conducted during a closed trading period, modestly increases the director’s equity stake and aligns his interests more closely with shareholders through a higher proportion of ordinary shares relative to performance rights.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.16 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 to the ASX for quotation of an additional 118.75 million ordinary fully paid shares under code AQI, expanding its listed capital base. The new securities, issued on 16 January 2026 following the exercise or conversion of existing options or convertible securities, increase the company’s tradable share pool and may affect liquidity and ownership structure for investors once admitted to quotation.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.16 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 issued 84 million unquoted performance rights under its employee incentive scheme, effective 16 January 2026. The substantial grant of performance rights, which will not be quoted on the ASX, is intended to support staff retention and alignment of employee interests with those of shareholders, potentially influencing future dilution and the company’s capital structure over time.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.16 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 security consolidation affecting its ordinary fully paid shares, performance rights and options expiring 28 February 2028, following shareholder approval obtained on 30 January 2026. The consolidation will see trading in the post-consolidation securities commence on a deferred settlement basis from 3 February 2026, with a record date of 4 February 2026 and an issue date of 11 February 2026, a move that is expected to simplify the company’s capital structure and potentially support its market positioning on the ASX.
The most recent analyst rating on (AU:AQI) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Alicanto Minerals stock, see the AU:AQI Stock Forecast page.
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.