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Askari Metals Limited (AU:AS2)
ASX:AS2
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Askari Metals Limited (AS2) AI Stock Analysis

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AU:AS2

Askari Metals Limited

(Sydney:AS2)

Rating:48Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
Askari Metals Limited's overall stock score reflects significant financial struggles, including declining revenues and negative cash flows, which are the most impactful factors. The technical analysis provides some neutral signals, but the valuation remains unattractive due to negative earnings. The lack of earnings call data further limits positive insights.

Askari Metals Limited (AS2) vs. iShares MSCI Australia ETF (EWA)

Askari Metals Limited Business Overview & Revenue Model

Company DescriptionAskari Metals Limited (AS2) is a mineral exploration and development company focused on the acquisition, exploration, and development of high-grade precious and base metal projects in Australia. The company is primarily involved in the exploration of gold and copper, leveraging its strategic projects located in well-established mining regions to capitalize on the demand for these metals.
How the Company Makes MoneyAskari Metals Limited makes money primarily through the exploration and development of mineral projects, with a focus on gold and copper. The company generates revenue by identifying and developing high-potential mining properties, enhancing their value through exploration activities, and bringing these projects to production. Revenue is also generated through strategic partnerships and joint ventures with other mining companies, as well as through the sale or optioning of exploration properties. Additionally, the company may raise capital through equity financing to fund its exploration and development activities.

Askari Metals Limited Financial Statement Overview

Summary
Askari Metals Limited faces significant financial challenges with declining revenues, negative profit margins, and negative cash flows. The balance sheet shows some strength in equity, but rising debt levels could pose future risks. The company needs to improve operational efficiency and revenue generation to ensure long-term sustainability.
Income Statement
15
Very Negative
Askari Metals Limited has experienced declining revenue over the periods, with a significant drop in the TTM (Trailing-Twelve-Months). The gross profit margin is negative due to high operating losses, resulting in negative EBIT and EBITDA margins. The net profit margin is also negative, indicating consistent losses.
Balance Sheet
45
Neutral
The company has a high equity ratio, suggesting relatively low leverage, which is positive. However, the debt-to-equity ratio has increased over time, indicating rising debt levels. Return on equity is negative due to consistent net losses, highlighting profitability challenges.
Cash Flow
20
Very Negative
Operating cash flow is consistently negative, indicating cash outflows from operations. Free cash flow is also negative, with no positive growth trends observed. The company relies on financing cash flows to cover its cash outflows, posing a risk to sustainability.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue11.65K20.68K0.000.00
Gross Profit-79.52K-217.23K-52.59K0.00
EBITDA-4.81M-5.59M-2.19M-105.35K
Net Income-5.18M-6.21M-2.25M-370.54K
Balance Sheet
Total Assets11.33M12.29M7.27M6.67M
Cash, Cash Equivalents and Short-Term Investments221.84K3.46M4.35M5.80M
Total Debt850.22K55.79K92.98K23.75K
Total Liabilities2.21M1.29M383.22K632.86K
Stockholders Equity9.13M11.00M6.89M6.04M
Cash Flow
Free Cash Flow-4.99M-6.40M-3.53M-250.00K
Operating Cash Flow-2.49M-4.15M-1.87M-146.03K
Investing Cash Flow-2.50M-2.23M-1.82M-114.98K
Financing Cash Flow1.76M5.50M2.23M6.06M

Askari Metals Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$10.49B10.771.52%2.68%2.24%-33.79%
48
Neutral
AU$6.47M-72.62%26.14%
44
Neutral
AU$1.61M-23.98%63.79%
44
Neutral
AU$2.44M-46.53%-126.60%
38
Underperform
AU$2.19M-24.87%
34
Underperform
AU$2.04M-25.98%-100.00%70.77%
34
Underperform
AU$2.51M-103.28%30.00%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AS2
Askari Metals Limited
0.01
-0.03
-75.00%
AU:GCR
Golden Cross Resources Ltd
0.01
0.00
0.00%
AU:AVW
Avira Resources Ltd
0.01
0.00
0.00%
AU:DUN
Dundas Minerals Limited
0.02
>-0.01
-33.33%
AU:M3M
M3 Mining Ltd.
0.03
-0.02
-40.00%
AU:OCT
Octava Minerals Ltd.
0.04
-0.01
-20.00%

Askari Metals Limited Corporate Events

Askari Metals Releases Supplementary Data for Nejo Gold Project
Jul 25, 2025

Askari Metals Limited has released supplementary information regarding its acquisition of the Nejo Gold Project in Ethiopia. The company provided additional data to comply with Mining FAQ 36, ensuring the reliability of historical exploration results. However, these results are not JORC (2012) compliant, and further validation is needed. This move could impact Askari’s strategic positioning in the gold exploration sector, but the company has not independently verified the historical data.

Askari Metals Identifies High-Grade Copper at Katta Target
Jul 25, 2025

Askari Metals Limited has announced high-grade copper mineralization at its Katta Target, based on historical exploration data from the United Nations Development Programme conducted between 1969 and 1973. The company has undertaken validation checks to ensure the reliability of this data, although it is not compliant with the JORC (2012) Code. The results are reported under Mining FAQ 36, and while deemed satisfactory for reporting purposes, further work may be required to meet JORC standards. This announcement could impact the company’s exploration activities and investor confidence, as it highlights potential high-value resources while also noting the need for further validation.

Askari Metals Clarifies Position on Nejo Gold Project Acquisition
Jul 23, 2025

Askari Metals Limited has addressed media speculation regarding its acquisition of the Nejo Gold Project in Ethiopia, clarifying that no legal actions have been taken to revoke its exploration licenses. The company has secured a binding agreement to acquire Xingxu Mining, which holds the Nejo Project licenses, and plans to advance the project with a focus on high-grade gold and copper exploration, while maintaining strong relationships with Ethiopian stakeholders.

Askari Metals Strengthens Ethiopian Gold Project with New Technical Consultant
Jul 21, 2025

Askari Metals Limited has appointed Mr. Lachlan Reynolds as a Technical Consultant to enhance the exploration and development of its Nejo Gold Project in Ethiopia. Mr. Reynolds brings over 30 years of experience in African and international projects, which is expected to provide strategic oversight and leverage the high gold prices to strengthen Askari’s position in the emerging Ethiopian market. The Nejo Project, located in a mining-friendly jurisdiction, offers dual commodity potential with high-grade gold and copper mineralization, and Askari aims to capitalize on this with modern exploration techniques.

Askari Metals Announces Change in Substantial Holder Interests
Jul 21, 2025

Askari Metals Limited has announced a change in the interests of a substantial holder, Mr. Jason Peterson, with a decrease in voting power from 13.595% to 10.6749%. This change is due to a dilution in issued capital affecting various entities associated with Mr. Peterson, including Sunset Capital Management and Celtic Capital. The adjustment in voting power reflects a strategic shift in the company’s shareholder structure, potentially impacting its governance and decision-making processes.

Askari Metals Identifies High-Grade Copper at Nejo Gold Project
Jul 17, 2025

Askari Metals Limited has identified high-grade copper mineralization at the Katta Target within the Nejo Gold Project in Ethiopia. The project, located on the Arabian-Nubian Shield, shows significant potential for copper and gold, with historic drilling revealing substantial copper deposits. Despite the promising findings, there has been limited systematic exploration, presenting an opportunity for Askari Metals to advance the project through modern exploration techniques. The company aims to fast-track the Nejo Project towards a maiden JORC resource, enhancing its position as a major African gold and copper developer.

Askari Metals Expands with Nejo Gold Project Acquisition
Jul 14, 2025

Askari Metals Limited has announced the acquisition of the Nejo Gold Project in central-western Ethiopia, marking a strategic expansion in its operations. This acquisition is part of the company’s broader strategic direction, which will be discussed in an upcoming shareholder webinar. The move is expected to enhance Askari Metals’ positioning in the exploration industry, potentially impacting stakeholders by diversifying its project portfolio and expanding its geographical reach.

Askari Metals to Host Webinar on Nejo Gold Project Acquisition
Jul 8, 2025

Askari Metals Limited has announced a live webinar to discuss its recent acquisition of the Nejo Gold Project in Ethiopia. This event will provide shareholders and investors an opportunity to engage directly with the company’s executive director about the strategic direction following this acquisition, highlighting its potential impact on Askari’s operations and market positioning.

Askari Metals Acquires Nejo Gold Project in Ethiopia, Boosting African Exploration Strategy
Jul 7, 2025

Askari Metals Limited has acquired 100% ownership of the Nejo Gold Project in Ethiopia, a large-scale and advanced site located on the Arabian-Nubian Shield, a region known for its significant gold and copper deposits. This acquisition aligns with Askari’s African-focused exploration strategy, offering potential for dual commodity extraction of gold and copper. The project includes 10 proven targets with historical data indicating high-grade gold results, and it presents a fast-track opportunity to establish a JORC Mineral Resource Estimate through systematic exploration. This strategic move is expected to enhance Askari’s positioning in the global mining sector and provide leverage for discovery with its tight capital structure.

Askari Metals Limited Reports on Option Holdings Concentration
Jun 20, 2025

Askari Metals Limited has released a holdings range report for its listed options, priced at $0.022 and expiring on December 31, 2028. The report reveals that the majority of the issued share capital, 99.81%, is held by 63 holders with over 100,000 units each, indicating a concentrated ownership structure. This distribution could impact the company’s market liquidity and investor engagement strategies.

Askari Metals Limited Releases Top Holders Report for Listed Options
Jun 20, 2025

Askari Metals Limited has released a report detailing the top holders of its listed options, which are priced at $0.022 and set to expire on December 31, 2028. The report highlights that the top 20 holders account for 77.29% of the total issued capital, with the largest single holder being Ms. Chunyan Niu, who holds 10.88% of the options. This concentration of holdings could have significant implications for the company’s market dynamics and investor relations.

Askari Metals Limited Announces New Securities Quotation
Jun 20, 2025

Askari Metals Limited has announced the application for quotation of new securities on the ASX. The company plans to issue a significant number of listed options, expiring in December 2028, which could impact its financial strategy and market positioning by potentially increasing capital and investor interest.

Askari Metals Sees Increase in Substantial Holder’s Voting Power
Jun 4, 2025

Askari Metals Limited has announced a change in the interests of a substantial holder, Mr. Jason Peterson, whose voting power in the company has increased from 10.385% to 13.595%. This change is due to placements made by Sunset Capital Management Pty Ltd and Celtic Finance Corp Pty Ltd, indicating a strategic consolidation of interests that could impact the company’s governance and decision-making processes.

Askari Metals Announces Results of Priority Entitlement Issue
May 30, 2025

Askari Metals Limited announced the results of its priority entitlement issue of options, offering 2 New Options for every 1 AS2O held. The company received applications for 16,734,358 New Options, raising approximately $16,734, with a shortfall of 16,818,632 New Options to be addressed. The completion of the Shortfall Offer will enable the company to apply for ASX quotation of these options, potentially impacting its market positioning and stakeholder interests.

Askari Metals Launches Exploration at Uis Project in Namibia
May 26, 2025

Askari Metals Limited has announced the commencement of Phase I field programs for its EPL 7626 license at the Uis Lithium Project in Namibia. The project is strategically located near the operating Uis Tin Mine and is highly prospective for polymetallic mineralization. The exploration activities will include mapping, rock chip sampling, and soil geochemical sampling to identify potential buried pegmatites. The company’s use of advanced remote sensing and in-house analysis tools aims to optimize exploration efficiency and speed up assay turnaround times. This initiative is part of Askari’s broader strategy, which also includes ongoing projects in Ethiopia and Tanzania, and highlights the company’s commitment to expanding its mineral resource base.

Askari Metals Completes Due Diligence for Ethiopian Gold Projects
May 22, 2025

Askari Metals Limited has completed its legal and technical due diligence for acquiring the Adola Greenstone Belt Gold Projects in southern Ethiopia, a region known for its significant gold deposits. This acquisition positions Askari strategically within a highly prospective gold belt, providing a first-mover advantage in an underexplored area. The due diligence confirmed the presence of potentially gold-bearing quartz veins, and the company plans to conduct further exploration to unlock the area’s full potential, aligning with its strategy to develop a tier-1 gold portfolio in Ethiopia.

Askari Metals Expands into Ethiopian Gold Market with Strategic Acquisition
May 21, 2025

Askari Metals Limited has announced the acquisition of Rift Valley Resources Pty Ltd, securing a 460 km² gold project portfolio within the Adola Greenstone Belt in southern Ethiopia. This move positions Askari Metals advantageously in a promising, underexplored gold belt, potentially enhancing its market presence and offering significant opportunities for stakeholders.

Askari Metals Announces Change in Substantial Holder’s Interests
May 19, 2025

Askari Metals Limited has announced a change in the interests of a substantial holder, SBC Global Investment Fund, in its voting securities. This change affects the voting power and the number of securities held by the substantial holder, which could impact the company’s governance and decision-making processes.

Askari Metals Announces Priority Entitlement Issue for Option Holders
May 18, 2025

Askari Metals Limited has announced a priority entitlement issue for holders of expired AS2O options, offering two new options for every one previously held, with an exercise price of 2.2 cents and an expiry date of December 2028. This move aligns with Askari’s strategy to enhance shareholder value and strengthen its position in the African exploration market, particularly with its ongoing due diligence for a gold exploration project in Ethiopia.

Askari Metals Limited Announces Proposed Securities Issue
May 16, 2025

Askari Metals Limited has announced a proposed non-pro rata offer of securities, with a maximum of 33,553,990 options set to expire on December 31, 2028, at an exercise price of $0.022. This strategic move is aimed at raising capital to support the company’s ongoing exploration and development activities, potentially enhancing its market position and providing opportunities for growth.

Askari Metals Limited Announces New Options Offering
May 16, 2025

Askari Metals Limited has released a prospectus for the offering of new options to eligible option holders and a cleansing offer. The company aims to raise a modest sum through these offers, which are considered highly speculative investments. The prospectus emphasizes the importance of consulting professional advisers before investing and highlights the company’s continuous disclosure obligations. The offers are not extended to investors outside Australia, and the document contains forward-looking statements that involve risks and uncertainties.

Askari Metals Enhances Uis Project with New Technical Insights
May 16, 2025

Askari Metals Limited has announced a comprehensive technical review of historical exploration data for its Uis Project in Namibia, highlighting significant tin and tantalum mineralization. The project is strategically located next to the Uis Tin Mine, enhancing its potential as a polymetallic opportunity. The company is releasing a replacement announcement with updated technical details, including JORC tables and high-resolution images, to provide complete information to stakeholders.

Askari Metals Completes Significant Share Issue to Support Strategic Initiatives
May 15, 2025

Askari Metals Limited has issued 92,917,507 fully paid ordinary shares without disclosure to investors, complying with relevant provisions of the Corporations Act. This strategic move aligns with the company’s ongoing exploration initiatives and potential divestment strategies, impacting its operations and positioning within the mining industry.

Askari Metals Limited Announces Quotation of New Securities
May 15, 2025

Askari Metals Limited has announced the application for the quotation of 6,105,007 ordinary fully paid securities on the ASX, with an issue date of May 15, 2025. This move is part of a strategic effort to enhance the company’s capital structure and potentially improve its market position, which could have significant implications for its stakeholders.

Askari Metals Limited Announces Quotation of New Securities on ASX
May 15, 2025

Askari Metals Limited has announced the application for the quotation of 86,812,500 ordinary fully paid securities on the Australian Securities Exchange (ASX), with the issue date set for May 15, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and provide additional capital for its ongoing and future projects.

Askari Metals Revises ASX Announcement and Expands Exploration Initiatives
May 8, 2025

Askari Metals Limited announced a revision to its ASX announcement regarding its gold portfolio in Ethiopia, correcting details about photographs included in the initial release. The company is actively pursuing strategic exploration and development initiatives in Southern Africa, with a focus on lithium and uranium projects, and is evaluating divestment options for its Australian assets.

Askari Metals Updates Ethiopian Gold Portfolio Announcement
May 8, 2025

Askari Metals Limited has issued a replacement announcement regarding its Ethiopian Gold Portfolio acquisition, correcting previous omissions in the visual documentation of the project areas. The company clarified that the images provided do not indicate mineralization grades or resource estimates. This update ensures compliance with reporting standards and maintains transparency with stakeholders, potentially impacting the company’s credibility and investor confidence.

Askari Metals Completes Significant Share Issue to Bolster Exploration Efforts
May 7, 2025

Askari Metals Limited announced the completion of share issues totaling 33,619,228 fully paid ordinary shares, with the process adhering to the Corporations Act 2001. This move reflects the company’s ongoing commitment to its exploration and development projects, potentially enhancing its financial flexibility and market positioning. The announcement signifies a strategic step in strengthening its operations and stakeholder relationships, particularly in the lithium and uranium sectors.

Askari Metals Limited Announces Director’s Interest Change
May 7, 2025

Askari Metals Limited announced a change in the director’s interest notice, specifically concerning Robert Downey’s indirect interest through his spouse, Stella Downey. On May 1, 2025, Stella Downey acquired 4,000,000 fully paid ordinary shares, increasing her total holdings to 7,277,500 shares. This acquisition was made as a result of an issue of new securities in consideration of accrued director fees, which was approved by shareholders at a General Meeting on April 10, 2025.

Askari Metals Limited Announces Quotation of New Securities on ASX
May 6, 2025

Askari Metals Limited announced the quotation of 6,923,077 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is expected to enhance the company’s market presence and provide additional liquidity, potentially benefiting stakeholders by increasing the company’s financial flexibility and operational capacity.

Askari Metals Advances Exploration at Uis Project, Unveils High-Grade Mineralisation
May 6, 2025

Askari Metals Limited has announced progress in its technical review of the Uis Project in Namibia, highlighting significant tin, tantalum, and rubidium mineralisation. The project, located near the operating Uis Tin Mine, has shown high-grade mineralisation through historical exploration, positioning it as a valuable polymetallic asset with considerable economic potential. The company’s ongoing exploration efforts aim to further delineate these resources, enhancing the project’s attractiveness and strategic importance.

Askari Metals Issues New Unquoted Securities
May 5, 2025

Askari Metals Limited has announced the issuance of 20,937,500 unquoted securities in the form of options, exercisable at $0.022 and expiring on December 31, 2028. This move is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s financial strategy by providing additional capital for its operations.

Askari Metals Limited Issues New Equity Securities
May 5, 2025

Askari Metals Limited has announced the issuance of new unquoted equity securities. The company is issuing a total of 117,801,836 options, each exercisable at $0.022 and expiring on December 31, 2028. This move is likely to impact the company’s financial strategy and could influence its market position by potentially increasing capital and providing more flexibility in its operations.

Askari Metals Limited Announces Quotation of New Securities
May 5, 2025

Askari Metals Limited has announced the application for the quotation of 1,438,364 ordinary fully paid securities on the ASX, issued in exchange for consulting services. This move is part of the company’s strategy to manage its financial resources effectively, potentially impacting its operational liquidity and stakeholder interests positively.

Askari Metals Limited Announces New Securities Issuance
May 5, 2025

Askari Metals Limited has announced the approval and issuance of new securities, with a total of 25,257,787 ordinary fully paid shares to be quoted on the ASX. This move is expected to enhance the company’s capital base, potentially strengthening its market position and providing additional resources for its ongoing projects.

Askari Metals Plans New Securities Issue
Apr 30, 2025

Askari Metals Limited has announced a proposed issue of 20 million ordinary fully paid securities. This move is part of a placement or other type of issue, with the proposed issue date set for May 30, 2025. The announcement indicates a strategic effort by Askari Metals to potentially raise capital or expand its market presence, which could impact its operations and positioning in the industry.

Askari Metals Expands into Ethiopian Gold Exploration with Strategic Acquisition
Apr 30, 2025

Askari Metals Limited has acquired 100% ownership of a 460 km² gold project portfolio in the Adola Greenstone Belt, Southern Ethiopia, through a binding Share Purchase Agreement. This strategic acquisition positions Askari with a first mover advantage in a prolific yet underexplored gold-copper region, offering significant exploration upside. The acquisition aligns with Ethiopia’s pro-mining stance, supported by a modern legal framework attracting major global miners. Askari aims to leverage this opportunity to develop a tier-1 gold portfolio, capitalizing on the region’s vast mineral potential and the current high gold prices.

Askari Metals Initiates Trading Halt for Capital Raising
Apr 28, 2025

Askari Metals Limited has requested a trading halt on its securities pending an announcement regarding a capital raising initiative. The funds from this placement will support the company’s African exploration strategy and further development of its Uis Project in Namibia, potentially impacting its operational capabilities and market positioning.

Askari Metals Highlights Strategic Potential of Uis Project
Apr 27, 2025

Askari Metals Limited announced a re-interpretation of historical exploration data for its Uis Project in Namibia, highlighting extensive tin and tantalum mineralization. The project is strategically located near the operating Uis Tin Mine, offering a significant polymetallic opportunity. The company clarified that no new information was released, and supplementary JORC tables have been provided to support the announcement. This development reinforces Askari’s strategic positioning in the region and its potential impact on stakeholders.

Askari Metals Strengthens Leadership with Executive Director Re-appointment
Apr 27, 2025

Askari Metals Limited announced the re-appointment of Mr. Gino D’Anna as Executive Director, with terms including a day rate remuneration and standard termination provisions. This strategic leadership decision aims to enhance the company’s operations and align with its business strategy, potentially impacting its exploration initiatives in Southern Africa and its market positioning.

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.Date of analysis: Jul 26, 2025