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Askari Metals Limited
(Sydney:AS2)
Askari Metals Limited (AS2) vs. iShares MSCI Australia ETF (EWA)
Askari Metals Limited Business Overview & Revenue Model
Askari Metals Limited Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 544.00 | 11.65K | 20.68K | 0.00 | 0.00 |
| Gross Profit | -30.01K | -79.52K | -217.23K | -52.59K | 0.00 |
| EBITDA | -5.68M | -4.81M | -5.59M | -2.19M | -105.35K |
| Net Income | -6.23M | -5.18M | -6.21M | -2.25M | -370.54K |
Balance Sheet | |||||
| Total Assets | 9.56M | 11.33M | 12.29M | 7.27M | 6.67M |
| Cash, Cash Equivalents and Short-Term Investments | 241.93K | 221.84K | 3.46M | 4.35M | 5.80M |
| Total Debt | 1.56M | 850.22K | 55.79K | 92.98K | 23.75K |
| Total Liabilities | 2.33M | 2.21M | 1.29M | 383.22K | 632.86K |
| Stockholders Equity | 7.24M | 9.13M | 11.00M | 6.89M | 6.04M |
Cash Flow | |||||
| Free Cash Flow | -3.53M | -4.99M | -6.40M | -3.53M | -250.00K |
| Operating Cash Flow | -2.23M | -2.49M | -4.15M | -1.87M | -146.03K |
| Investing Cash Flow | -1.64M | -2.50M | -2.23M | -1.82M | -114.98K |
| Financing Cash Flow | 3.04M | 1.76M | 5.50M | 2.23M | 6.06M |
Askari Metals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
44 Neutral | AU$1.61M | ― | -23.98% | ― | ― | 63.79% | |
44 Neutral | AU$2.07M | ― | -46.53% | ― | ― | -126.60% | |
43 Neutral | AU$1.42B | -6.13 | -40.62% | 4.05% | -4.78% | -42.91% | |
38 Underperform | €2.19M | ― | -24.87% | ― | ― | ― | |
34 Underperform | AU$2.14M | ― | -25.98% | ― | -100.00% | 70.77% | |
34 Underperform | AU$2.18M | ― | -103.28% | ― | ― | 30.00% | |
31 Underperform | AU$2.43M | ― | -72.62% | ― | ― | 26.14% |
Askari Metals Limited Corporate Events
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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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.
Askari Metals Limited has announced a proposed issue of 6,923,077 ordinary fully paid securities. This strategic move is aimed at raising capital to support the company’s ongoing projects and enhance its market position. The issuance is expected to have implications for stakeholders by potentially increasing the company’s financial flexibility and ability to invest in growth opportunities.
Askari Metals Limited has appointed CPS Capital Group as a strategic capital markets advisor to enhance its African exploration strategy. This partnership aims to leverage CPS Capital’s extensive network and experience in the global mineral resources sector to advance Askari’s projects and engage with investors, thereby extending the company’s corporate reach and maximizing asset value.
Askari Metals Limited has re-appointed its founder, Gino D’Anna, as Executive Director to guide the company through its transition strategy, emphasizing the execution of its African exploration strategy. The re-appointment is aimed at maximizing shareholder value and driving growth through acquisitions, with the company reviewing prospective projects across Africa to leverage its first-mover advantage and strengthen its market position.
Askari Metals Limited announced the cessation of Leonard Math as a director on April 16, 2025. The notice indicates that Math held no relevant interests in securities or contracts related to the company at the time of his departure, suggesting a straightforward transition without immediate impact on the company’s operations or stakeholder interests.
Askari Metals Limited has appointed Tim Morrison as a Non-Executive Director to strengthen its corporate expertise as part of its transition strategy. Morrison’s extensive experience in the resource industry is expected to aid the company in evaluating new project opportunities in Africa, aligning with its strategic objectives to enhance shareholder value. The company also announced the resignation of directors Leonard Math and Lincoln Ho, as it continues to streamline its board composition.
Askari Metals Limited has announced the progress of its technical review of the historical exploration database for the Uis Project in Namibia, highlighting the significant tin, tantalum, and rubidium mineralization potential. The project, located near the operating Uis Tin Mine, has demonstrated high-grade mineralization through historical exploration, including rock chip sampling and drilling. The Uis Project is emerging as a strategic asset for Askari, offering substantial economic upside due to its polymetallic nature and the current high tin prices. The company plans to further explore these promising targets and capitalize on the underexplored opportunities, aiming to enhance its industry positioning and provide value to stakeholders.
Askari Metals Limited, a company listed on the ASX, held a General Meeting on April 10, 2025, where all resolutions were passed by a poll. The resolutions included the ratification of prior share issues and approvals for new share and option issuances to strategic investors and key individuals, indicating a strategic move to strengthen its capital base and investor relations.