Metalicity Limited (AU:ARI)
ASX:ARI
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Metalicity Limited
(Sydney:ARI)
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Rating:43Neutral
Price Target:
AU$0.02
â–Ľ(-46.67% Downside)
Action:Reiterated
Date:06/28/26
The score is held down primarily by the pre-revenue profile with ongoing losses and negative operating/free cash flow, despite a relatively strong, low-risk balance sheet with zero debt. Technical indicators add additional pressure given the persistent downtrend and negative momentum. Valuation provides limited support because losses make the negative P/E less informative and no dividend yield is available.
Positive Factors
Balance sheet strength
Zero reported debt and a materially larger equity base (~A$16.1M supporting ~A$20.3M assets) reduce solvency and refinancing risk. For an explorer this durable capital base provides optionality to fund programs or negotiate farm‑outs without immediate distress over a 2–6 month horizon.
Negative Factors
Pre‑revenue with recurring losses
Being pre‑revenue and loss‑making means intrinsic cash generation from operations is absent; value depends on exploration success or asset transactions. Over 2–6 months this structural state keeps investor dependence on external capital and makes business outcomes binary and outcome‑driven.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Zero reported debt and a materially larger equity base (~A$16.1M supporting ~A$20.3M assets) reduce solvency and refinancing risk. For an explorer this durable capital base provides optionality to fund programs or negotiate farm‑outs without immediate distress over a 2–6 month horizon.
Read all positive factors
Metalicity Limited (ARI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$20.97M
Dividend YieldN/A
Average Volume (3M)3.50M
Price to Earnings (P/E)―
Beta (1Y)3.04
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.00
Shares Outstanding1,233,650,100
10 Day Avg. Volume4,435,906
30 Day Avg. Volume3,502,761
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)1.32
Price to Sales (P/S)0.00
P/FCF Ratio-23.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Metalicity Limited Business Overview & Revenue Model
Company Description
Arika Resources Limited, along with its affiliated entities, specializes in the discovery and development of mineral sites throughout Australia. The company primarily directs its exploration efforts towards uncovering gold deposits. Its holdings i...
How the Company Makes Money
Metalicity Limited does not operate producing mines; therefore, it does not typically generate revenue from the sale of commodities. Its potential sources of earnings are primarily exploration- and asset-development driven: (1) raising capital (e....
Metalicity Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | Jun 2025 | Jun 2023 | Jun 2020 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.73K | 0.00 | 0.00 |
| EBITDA | -1.09M | -1.01M | -2.00M |
| Net Income | -1.22M | -1.02M | -2.88M |
Balance Sheet | |||
| Total Assets | 20.27M | 9.71M | 9.88M |
| Cash, Cash Equivalents and Short-Term Investments | 3.62M | 2.18M | 4.05M |
| Total Debt | 0.00 | 150.08K | 27.62K |
| Total Liabilities | 1.59M | 290.63K | 1.08M |
| Stockholders Equity | 16.10M | 9.59M | 8.89M |
Cash Flow | |||
| Free Cash Flow | -909.34K | -1.95M | -5.87M |
| Operating Cash Flow | -867.73K | -1.16M | 0.00 |
| Investing Cash Flow | -3.56M | -786.21K | -2.99M |
| Financing Cash Flow | 7.88M | 1.44M | 8.36M |
Metalicity Limited Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
54 Neutral | AU$23.22M | -7.55 | -88.16% | ― | ― | 16.00% | |
46 Neutral | AU$31.11M | -4.71 | -67.68% | ― | 119.02% | 1.85% | |
46 Neutral | AU$21.58M | -10.50 | -9.73% | ― | ― | 62.96% | |
43 Neutral | AU$20.97M | -10.89 | -8.27% | ― | ― | ― | |
43 Neutral | AU$22.92M | -3.58 | -58.76% | ― | ― | 28.68% | |
41 Neutral | AU$20.72M | -30.00 | -293.80% | ― | ― | 87.50% |
* Basic Materials Sector Average
AU:ARI
Metalicity Limited
0.02
-0.02
-51.43%
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Prodigy Gold NL
0.07
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28.30%
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Southern Gold Limited
0.02
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-38.46%
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Riversgold Ltd.
0.01
0.00
0.00%
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OzAurum Resources Ltd.
0.08
0.01
21.21%
AU:KNB
Koonenberry Gold Limited
0.02
-0.02
-46.15%
Metalicity Limited Corporate Events
Arika Resources and Michael Ruane Cease to Be Substantial Holders in Metalicity
Jun 22, 2026
Metalicity Limited has announced that Arika Resources Limited, together with associated entities linked to Michael Ruane, has ceased to be a substantial shareholder in the company. The change results from dilution of their holdings following the i...
Arika Resources Issues Shares for Tenement Acquisition and Confirms Regulatory Compliance
Jun 4, 2026
Arika Resources Limited has issued 70,823,529 fully paid ordinary shares as consideration for a tenement acquisition previously approved by shareholders, strengthening its ownership position across its Western Australian gold projects. The company...
Arika Secures Full Ownership of Key WA Gold Projects to Accelerate Exploration
Jun 4, 2026
Arika Resources has completed the acquisition of the remaining 20% interest in the Yundamindra and Kookynie gold projects from Nex Metals, securing 100% ownership of both assets in Western Australia’s Leonora-Laverton region. The deal, worth...
Arika Resources Seeks ASX Quotation for 12 Million New Shares
Jun 4, 2026
Arika Resources Limited has applied for quotation of 12 million new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 4 June 2026. The securities, listed under the code ARI, arise from transactions previously ...
Arika Resources Seeks ASX Quotation for 58.8 Million New Shares
Jun 4, 2026
Arika Resources Limited has applied for quotation on the ASX of 58,823,529 new ordinary fully paid shares, to be issued on 4 June 2026 under the code ARI. The application signals an expansion of the company’s listed capital base, which may s...
Arika Resources Director Updates Interests After Option Expiry
May 25, 2026
Arika Resources Limited has disclosed a change in director Justin Barton’s relevant interests, confirming an adjustment to his indirect holdings held through Coventina Holdings Pty Ltd as trustee for the Coventina Family Trust. Barton previo...
Arika Resources Options Lapse, Simplifying Capital Structure
May 25, 2026
Arika Resources Limited has reported the expiry of 11,055,616 ARIAF options, which were exercisable at $0.09 and lapsed unexercised on 23 May 2026. The cessation of these options slightly simplifies the company’s capital structure by removin...
Arika Resources Options Lapse, Trimming Potential Future Share Base
May 25, 2026
Arika Resources Limited has notified the market of the expiry of 11,055,616 listed options with an exercise price of $0.06 that were due to expire on 23 May 2026. The lapse of these unexercised options reduces the company’s potential future ...
Arika Resources Switches Share Registry Provider to Automic
May 22, 2026
Arika Resources Limited has appointed Automic Pty Ltd as its new share registry service provider, replacing MUFG Corporate Markets (AU) Limited from 25 May 2026. The move gives shareholders access to Automic’s secure online investor portal, ...
Arika Confirms Continuous Shallow Gold Mineralisation at Yundamindra
May 13, 2026
Arika Resources has reported multiple thick, shallow gold intercepts from recent reverse circulation drilling across the Western Corridor of its Yundamindra Gold Project in Western Australia. The results confirm continuous shallow mineralisation o...
Arika Wins WA Co-Funding to Drill High-Priority Targets at Kookynie
May 5, 2026
Arika Resources has secured up to A$211,213 in co-funding under Western Australia’s Exploration Incentive Scheme to support deep diamond drilling at its 80%-owned Kookynie Gold Project, with an agreement in place to move to full ownership. T...
Arika boosts Yundamindra drilling results and moves to full project ownership
Apr 29, 2026
Arika Resources has reported strong March-quarter drilling results from its Yundamindra Gold Project in Western Australia, with final 2025 assays and early 2026 holes at Pennyweight Point confirming continuous, thick and locally high-grade gold mi...
Arika Extends High-Grade Gold Zones at Yundamindra’s Landed at Last Prospect
Apr 23, 2026
Arika Resources has reported a new set of strong assay results from reverse circulation drilling at the Landed at Last prospect within its Yundamindra Gold Project in Western Australia. The latest campaign has intersected thick, high-grade gold zo...
Arika Resources Restructures Escrowed Share Issue Under Binding Agreement
Apr 15, 2026
Arika Resources Limited has updated its proposed securities issue, revising the treatment of Escrowed Consideration Shares tied to a binding agreement first disclosed in February 2026. The shares, originally to be issued as deferred shares beyond ...
Arika Resources calls shareholder vote on major share issue to Nex Metals
Apr 15, 2026
Arika Resources Limited has called a general meeting of shareholders for 15 May 2026 in Perth, setting 13 May 2026 as the record date for voting eligibility. The company is seeking shareholder approval to issue a total of 70,823,529 new shares to ...
Arika Resources Moves to Digital Notices for May General Meeting
Apr 15, 2026
Arika Resources Limited has called a General Meeting of shareholders for 10.00am AWST on 15 May 2026 in Perth, advising that the formal notice and related material will be made available electronically via its website rather than sent in hard copy...
Arika Tightens Escrow Terms as It Moves to Full Control of Key WA Gold Projects
Apr 9, 2026
Arika Resources Limited has revised the terms of its agreement to acquire the remaining 20% interest in the Yundamindra and Kookynie Gold Projects from Nex Metals Explorations, moving to full ownership of these flagship Western Australian gold ass...
Arika Resources Targets Re-Rating as Exploration Momentum Builds in WA Gold Projects
Apr 9, 2026
Arika Resources Limited has released an investor presentation positioning itself for a potential market re-rating as it accelerates exploration across its Yundamindra and Kookynie gold projects in Western Australia. The company underlines that its...
Arika Resources to Release 5.6 Million Shares From Voluntary Escrow
Apr 2, 2026
Arika Resources Limited has confirmed that 5,555,556 fully paid ordinary shares will be released from voluntary escrow on 15 April 2026, six months after their issue. The company noted that this release will not alter its total issued capital, imp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.