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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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.33K | 30.33K | 11.65K | 20.68K | 0.00 | 0.00 |
| Gross Profit | -30.78K | 30.33K | 11.65K | -217.23K | -52.59K | 0.00 |
| EBITDA | -6.81M | -6.81M | -4.81M | -5.59M | -2.19M | -370.54K |
| Net Income | -7.14M | -7.14M | -5.18M | -6.21M | -2.25M | -370.54K |
Balance Sheet | ||||||
| Total Assets | 7.79M | 7.79M | 11.33M | 12.29M | 7.27M | 6.67M |
| Cash, Cash Equivalents and Short-Term Investments | 24.66K | 24.66K | 221.84K | 3.46M | 4.35M | 5.80M |
| Total Debt | 819.93K | 819.93K | 850.22K | 55.79K | 92.98K | 23.75K |
| Total Liabilities | 1.62M | 1.62M | 2.21M | 1.29M | 383.22K | 632.86K |
| Stockholders Equity | 6.17M | 6.17M | 9.13M | 11.00M | 6.89M | 6.04M |
Cash Flow | ||||||
| Free Cash Flow | -2.79M | -2.79M | -4.99M | -6.40M | -3.53M | -250.00K |
| Operating Cash Flow | -2.50M | -2.50M | -2.49M | -4.15M | -1.87M | -146.03K |
| Investing Cash Flow | -172.91K | -172.91K | -2.50M | -2.23M | -1.82M | -114.98K |
| Financing Cash Flow | 2.47M | 2.47M | 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | AU$9.58M | -0.39 | -93.45% | ― | ― | 27.01% | |
44 Neutral | AU$3.44M | -3.17 | -21.67% | ― | ― | 29.31% | |
44 Neutral | AU$5.00M | -1.00 | -55.11% | ― | ― | -164.12% | |
38 Underperform | €2.19M | -9.09 | -28.11% | ― | ― | ― | |
34 Underperform | AU$5.63M | -3.96 | -25.70% | ― | -100.00% | 80.33% | |
34 Underperform | AU$5.64M | -0.95 | -135.06% | ― | ― | 30.99% |
Askari Metals Limited Corporate Events
Askari Metals Limited has announced the issuance of 30 million unquoted equity securities, specifically options exercisable at $0.06, set to expire on December 4, 2028. This strategic move could potentially strengthen the company’s financial position and provide additional capital for its ongoing exploration and development projects, potentially impacting its market positioning and offering new opportunities for stakeholders.
Askari Metals Limited announced the issuance of 4,600,000 ordinary fully paid securities on December 3, 2025, as a form of payment for services performed. This move is part of the company’s strategic financial management, potentially impacting its liquidity and stakeholder relations by leveraging equity for operational expenses.
Askari Metals Limited has announced the application for quotation of new securities on the Australian Securities Exchange (ASX). The company is issuing a total of 66,042,600 securities, including options and ordinary fully paid shares, as part of a strategy to compensate for services provided. This move is expected to strengthen the company’s financial position and improve its market presence.
Askari Metals Limited has announced a proposed issue of securities, with a total of 10 million options to be issued, each exercisable at $0.015 and expiring on December 31, 2028. This move is aimed at raising capital and potentially enhancing the company’s operational capabilities, reflecting its strategic efforts to strengthen its financial position and market standing.
Askari Metals Limited has announced a proposed issue of securities, which includes 115,000,000 options exercisable at $0.015 and expiring on December 1, 2028, as well as 115,000,000 ordinary fully paid shares. This strategic move is aimed at raising capital to support the company’s ongoing exploration and development activities, potentially strengthening its position in the mining sector and providing opportunities for growth and expansion.
Askari Metals Limited has appointed Martin Holland, a seasoned mining executive with over 20 years of experience in the African resources industry, as a Non-Executive Director. This strategic move aligns with Askari’s focus on enhancing its technical and corporate capabilities as it progresses its exploration strategy in Africa, particularly at its flagship Nejo Copper and Gold Project in Ethiopia. Holland’s expertise is expected to support the company’s growth phase and exploration activities, potentially unlocking substantial shareholder value and fostering strong relationships with local stakeholders.
Askari Metals Limited has secured $1,150,000 in funding from new and existing investors to accelerate its exploration activities in Ethiopia and Namibia. The funds will support a maiden drilling program at the Nejo Gold and Copper Project and further exploration at the Uis Project, enhancing the company’s strategic positioning in the African mineral exploration sector.
Askari Metals Limited announced the quotation of 30 million securities on the ASX, comprising options and ordinary fully paid shares. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially impacting its market positioning and providing opportunities for stakeholders.
Askari Metals Limited has requested a trading halt on its securities pending an announcement related to a top-up capital raising following an oversubscribed Entitlement Offer. The capital raised will prioritize advancing exploration at the Nejo Copper and Gold Project in Ethiopia. This initiative, along with the sale of its Australian projects, positions Askari Metals to further its exploration and development strategy in Africa, particularly in Ethiopia and Namibia.
Askari Metals Limited has announced the quotation of new securities on the Australian Securities Exchange (ASX). The company is issuing 115,451,472 options expiring on December 31, 2028, and the same number of ordinary fully paid securities, as well as deferred options expiring on December 1, 2028. This move is part of a previously announced transaction and could potentially enhance the company’s market positioning by increasing liquidity and providing additional capital for its operations.
Askari Metals Limited, an Australian company listed on the ASX, held its Annual General Meeting on November 28, 2025, where all proposed resolutions were passed by a poll. The meeting included significant decisions such as the adoption of the remuneration report, election and re-election of directors, approval of mandates, and ratification of prior share issues, which are expected to impact the company’s governance and operational strategies positively.
Askari Metals Limited has announced an update regarding the proposed issue of securities, with a delay in the issue and trading dates due to the need for additional time to review and adjust oversubscriptions. This update reflects the company’s commitment to ensuring a thorough review process, which may impact the timing of the securities’ availability and trading, potentially affecting stakeholders’ expectations and market activities.
Askari Metals Limited has successfully closed an oversubscribed entitlement offer, raising approximately $1.6 million to accelerate its exploration projects in Africa. The funds will support the Nejo Gold and Copper Project in Ethiopia and the Uis Project in Namibia, both of which have shown significant mineralization potential. The company’s strategic focus on underexplored regions in Africa, combined with a strong shareholder alignment, positions it for growth and value creation in the mineral exploration industry.
Askari Metals Limited has announced a change in the director’s interest, specifically for Director Gino D’Anna, who has acquired additional securities. This acquisition includes a significant number of fully paid ordinary shares, options, and performance rights, which were issued upon shareholder approval at a recent general meeting. This change in director’s interest may impact the company’s governance and stakeholder dynamics, potentially influencing investor perceptions and the company’s market positioning.
Askari Metals Limited has completed a share issue of 5,187,500 fully paid ordinary shares and 15,000,000 quoted options. This move is part of the company’s strategic financial activities and does not require disclosure under specific sections of the Corporations Act. The announcement signifies Askari’s adherence to regulatory compliance and its ongoing efforts to enhance its financial and operational standing.
Askari Metals Limited has announced the suspension of a specific class of its securities, AS2OC, from quotation under Listing Rule 17.3.4, pending compliance with Listing Rule 2.5. This suspension is limited to the AS2OC securities and does not affect other securities of the company, indicating a targeted regulatory compliance issue rather than a broader operational problem.
Askari Metals Limited has issued a revised version of its Appendix 5B for the quarter ending September 2025, correcting the Year To Date figures to reflect a three-month period. This amendment does not affect any other information in the original announcement. The correction ensures accurate financial reporting, which is crucial for maintaining transparency with stakeholders and aligning with regulatory requirements.
Askari Metals Limited announced the issuance of 20 million unquoted options, exercisable at $0.06 and expiring on November 18, 2028. This strategic move is part of a previously announced transaction, potentially impacting the company’s financial structure and offering stakeholders insight into future growth opportunities.
Askari Metals Limited has announced the quotation of 14,285,714 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 18, 2025. This move is part of a previously announced transaction, which is expected to bolster the company’s financial standing and potentially enhance its market position by increasing liquidity and investor interest.
Askari Metals Limited has announced the issuance of unquoted equity securities, including 115 million options, 60 million performance rights, and 15 million options exercisable at $0.022 expiring on December 31, 2028. This strategic move is likely aimed at bolstering the company’s financial position and enhancing its ability to execute its growth strategy, potentially impacting its market standing and offering new opportunities for stakeholders.
Askari Metals Limited has announced the application for quotation of new securities following shareholder approval at a recent general meeting. The company plans to quote 15 million options expiring in December 2028 and over 5 million fully paid ordinary shares, which is expected to strengthen its financial position and support its ongoing exploration and development activities.
Askari Metals Limited has commenced a dual-focused exploration program at its Nejo Gold and Copper Project in Ethiopia, targeting high-grade gold and copper mineralization. The program aims to build on historical exploration data with a modern, data-driven strategy, focusing on high-priority gold trends and copper mineralization. This initiative is part of a broader strategy to fast-track the project’s development, with an entitlement offer closing soon to fund further exploration activities. The company emphasizes collaboration with local communities to ensure sustainable development and economic impact.
Askari Metals Limited has released an addendum to its annual report, providing updated information on its mineral resources. The company reported an increase in its inferred resources at the Burracoppin Gold Project, attributed to a lower cut-off grade of 0.55g/t Au compared to the previous year’s 0.85g/t Au. This adjustment reflects current gold prices and recovery rates, enhancing the project’s potential value. Askari Metals emphasizes its commitment to governance and internal controls in resource estimation, ensuring compliance with industry standards and the 2012 JORC Code.
Askari Metals Limited has announced a change in the director’s interest, specifically concerning Gino D’Anna, who has increased his holdings by acquiring 1,090,000 ordinary fully paid shares through on-market purchases. This change reflects a strategic move by the director to enhance his stake in the company, potentially signaling confidence in the company’s future prospects and stability.
Askari Metals Limited has announced a significant expansion into Ethiopia with the acquisition of the Nejo Gold and Copper Project, enhancing its exploration footprint in a highly prospective geological setting. This strategic move complements its existing projects in the Adola Greenstone Belt and is supported by regulatory approvals and strengthened funding through a rights issue and asset sale. The company is poised for a transformative exploration phase targeting high-grade gold and copper systems, with a focus on cost-effective operations in Ethiopia and Namibia.
Askari Metals Limited has announced its upcoming Annual General Meeting (AGM), scheduled for November 28, 2025. The meeting will address several key resolutions, including the adoption of the Remuneration Report, the election and re-election of directors, approval of a mandate to issue additional equity securities, and the ratification of prior share issues to Celtic Capital Pty Ltd and Vendor Shareholders. These resolutions are pivotal for the company’s governance and strategic financial operations, potentially impacting shareholder value and the company’s market positioning.
Askari Metals Limited announced that all resolutions proposed at its General Meeting held on 22 October 2025 were passed. The resolutions included approvals for director participation in placements and the issuance of options and shares to various stakeholders, reflecting the company’s strategic efforts to strengthen its financial and operational framework.
Askari Metals Limited has announced a change in the director’s interest, with Director Gino D’Anna acquiring an additional 500,000 fully paid ordinary shares through on-market purchases. This acquisition increases his total shareholding to 31,915,300 shares, reflecting a strategic move that could signal confidence in the company’s future prospects and potentially impact investor perception positively.
Askari Metals Limited announced a pro-rata non-renounceable rights offer to raise approximately $1.5 million by issuing new shares and options to eligible shareholders in Australia and New Zealand. The funds raised will be used for exploration expenditure, debt repayment, and working capital, potentially impacting the company’s financial stability and operational capabilities.
Askari Metals Limited has announced a non-renounceable entitlement issue to raise approximately $1.5 million through the issuance of new shares and options. The funds will be directed towards exploration, debt repayment, and working capital. This move is expected to enhance Askari’s financial position and support its ongoing exploration initiatives in Southern Africa. The offer is available to shareholders in Australia and New Zealand, while ineligible shareholders outside these regions will not participate due to regulatory considerations.
Askari Metals Limited has announced a pro-rata non-renounceable entitlement offer to raise approximately $1.5 million by issuing shares priced at $0.01 each, along with free attaching options. The offer is open to eligible shareholders in Australia and New Zealand, with a closing date set for November 19, 2025. This capital raising initiative is expected to support the company’s ongoing exploration and development projects, potentially enhancing its market position and providing opportunities for stakeholders.
Askari Metals Limited has announced its upcoming Annual General Meeting (AGM) scheduled for November 28, 2025, with the deadline for director nominations set for October 24, 2025. This meeting is significant for stakeholders as it may influence the company’s strategic direction, especially given its ongoing exploration initiatives and potential divestment strategies.
Askari Metals Limited has finalized a Share Sale Agreement with Forrestania Resources Limited, selling its Australian subsidiary, First Western Gold Pty Ltd, which holds several exploration licenses including the Burracoppin Gold Project. This transaction, valued at A$850,000, allows Askari to concentrate on its African projects, particularly the Nejo Gold and Copper Project in Ethiopia, where it plans to expedite exploration and drilling activities. This strategic move aligns with the company’s focus on leveraging the current high gold prices and advancing its position as a key player in the African mining sector.
Askari Metals Limited announced a change in the director’s interest, with Gino D’Anna acquiring additional shares and options in the company through on-market purchases. This move indicates a potential increase in confidence from the director in the company’s future prospects, which may positively influence stakeholder perceptions and market positioning.
Askari Metals Limited has announced a pro-rata non-renounceable entitlement issue, offering 1 share for every 3 shares held, at a price of $0.01 per share, aiming to raise approximately $1,497,433. The offer includes attaching new options, with unlisted options exercisable at $0.015 and listed AS20B options at $0.022, expiring on December 31, 2028. This initiative is expected to provide additional capital for the company, potentially enhancing its financial flexibility and market positioning.
Askari Metals Limited has announced a live webinar to discuss its recent rights issue aimed at funding the exploration strategy for the Nejo Gold and Copper Project in Ethiopia. This initiative is part of the company’s efforts to enhance its exploration activities in the Arabian-Nubian Shield, a region known for its significant mineral deposits. The webinar will provide an opportunity for shareholders and investors to engage directly with the company’s management, highlighting Askari’s commitment to transparency and stakeholder engagement.
Askari Metals Limited has announced an update regarding its proposed issue of securities, specifically highlighting a non-renounceable rights issue with free attaching options. The new class of options, which have an exercise price of 1.5 cents each, is set to expire on December 1, 2028. This strategic move is part of the company’s efforts to strengthen its financial position and enhance shareholder value by offering additional investment opportunities.
Askari Metals Limited has announced a non-renounceable entitlement offer to raise approximately $1.5 million to fund exploration activities at its Nejo Gold and Copper Project in Ethiopia. This initiative is part of Askari’s strategy to enhance its African exploration portfolio, particularly in the underexplored Arabian-Nubian Shield. The funds will support a maiden drilling campaign and strengthen the company’s balance sheet, with Executive Director Mr. Gino D’Anna demonstrating strong shareholder alignment by taking up his full entitlement. The Nejo Project is seen as a flagship opportunity, with a clear pathway to a potential JORC mineral resource, complementing Askari’s other projects in the region.
Askari Metals Limited has released its Corporate Governance Statement, outlining its adherence to the ASX Corporate Governance Council’s Principles and Recommendations. The company has adopted a comprehensive Corporate Governance Plan and Board Charter, detailing the roles and responsibilities of its Board, Chair, and management. Despite not forming individual Board committees due to its current size and operations, the company ensures that all governance duties are effectively managed by the full Board. This approach reflects Askari Metals’ commitment to maintaining robust governance practices, which is crucial for its operational integrity and stakeholder confidence.
Askari Metals Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s recommendations, highlighting their commitment to transparency and accountability. This move is expected to reinforce stakeholder confidence and align the company with industry best practices.
Askari Metals Limited has announced a General Meeting to discuss several resolutions concerning the issuance of shares and options. These resolutions include issuing shares and options to director Mr. Gino D’Anna, Tranche 1 Placement Participants, the Lead Manager, and the Vendor Shareholder. The approval of these resolutions is aimed at facilitating the company’s strategic financial and operational goals, potentially impacting its market positioning and shareholder value.
Forrestania Resources Limited has signed a binding agreement to acquire First Western Gold Pty Ltd, a subsidiary of Askari Metals Limited, which holds the Burracoppin Gold Project in Western Australia. This acquisition aligns with Forrestania’s strategy to consolidate high-quality gold assets in the Southern Cross region, potentially expanding its resource base and advancing towards a future mining lease. The transaction includes a cash and shares consideration of $700,000, along with options that provide Forrestania with exposure to Askari’s African exploration projects.
Askari Metals Limited has announced a proposed issue of securities, which includes the issuance of 30 million unlisted options exercisable at 6 cents each, expiring three years from the date of issue, and 15 million options expiring on December 31, 2028. This move is part of a placement or other type of issue, with the proposed issue date set for November 28, 2025. This announcement could potentially impact the company’s capital structure and provide additional funding for its operations, thereby influencing its market position and stakeholder interests.
Askari Metals Limited has signed a Share Sale Agreement with Forrestania Resources Limited to sell its wholly owned subsidiary, First Western Gold Pty Ltd, which holds several exploration licenses including the Burracoppin Gold Project in Western Australia. The transaction, valued at A$700,000, allows Askari to concentrate on its African projects, particularly the Nejo Gold and Copper Project in Ethiopia. This move aligns with Askari’s strategy to focus on African exploration without resorting to dilutive capital raising, benefiting from the current high gold prices and providing funds to advance their African projects.