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Askari Metals Limited (AU:AS2)
:AS2

Askari Metals Limited (AS2) AI Stock Analysis

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AU

Askari Metals Limited

(Sydney:AS2)

Rating:31Underperform
Price Target:
AU$0.00
▼(-100.00%Downside)
Askari Metals Limited is currently facing substantial financial difficulties, with declining revenues and negative profit margins leading to a poor financial performance score. Technical analysis suggests the stock is oversold, which could present a short-term buying opportunity, but the general downward trend and negative valuation indicators highlight significant risks. The lack of earnings call data or notable corporate events means the focus remains on improving financial health and market conditions.

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

Askari Metals Limited Business Overview & Revenue Model

Company DescriptionAskari Metals Limited engages in the acquisition, exploration, and development of lithium, copper, gold, and copper-gold projects in Western Australia, Northern Territory, and New South Wales. The company holds a 100% interest in the Yarrie lithium project located in the Pilbara region of Western Australia; the Horry copper project located to the south-west of Halls Creek; the Burracoppin gold project located in the eastern wheatbelt of Western Australia; the Mt Maguire Gold and Base Metal project located in Western Australia; and the Springdale copper-gold project located in the central east Lachlan Fold Mineral Belt, Sydney. It also holds interest in the Barrow Creek lithium project covering an area of 278 square kilometers located in the Northern Arunta Pegmatite Province of Central Northern Territory; and the Callawa copper project located in Western Australia. The company was formerly known as Askari Gold Limited and changed its name to Askari Metals Limited in February 2021. Askari Metals Limited was incorporated in 2020 and is based in Perth, Australia.
How the Company Makes MoneyAskari Metals Limited makes money through the exploration, development, and eventual production of mineral resources, primarily gold and copper. The company generates revenue by identifying promising mineral deposits, conducting detailed exploration activities to assess their economic viability, and developing these projects into operational mines. Additionally, Askari Metals may engage in joint ventures or partnerships with other mining companies to share the financial burden and risks associated with large-scale mining projects, potentially earning income through royalties or profit-sharing agreements. The company's revenue model may also include the sale of exploration rights or interests in its projects to other mining entities.

Askari Metals Limited Financial Statement Overview

Summary
Askari Metals Limited faces financial challenges, with declining revenues, negative profit margins, and negative cash flows. While the balance sheet shows some strength in equity, 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.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021
Income StatementTotal Revenue
544.0011.65K20.68K0.000.00
Gross Profit
-30.01K-79.52K-217.23K-52.59K0.00
EBIT
-5.64M-4.78M-6.22M-2.25M-105.35K
EBITDA
-5.68M-4.81M-5.59M-2.19M-105.35K
Net Income Common Stockholders
-6.23M-5.18M-6.21M-2.25M-370.54K
Balance SheetCash, Cash Equivalents and Short-Term Investments
241.93K221.84K3.46M4.35M5.80M
Total Assets
9.56M11.33M12.29M7.27M6.67M
Total Debt
1.56M850.22K55.79K92.98K23.75K
Net Debt
1.32M628.38K-3.40M-4.26M-5.78M
Total Liabilities
2.33M2.21M1.29M383.22K632.86K
Stockholders Equity
7.24M9.13M11.00M6.89M6.04M
Cash FlowFree 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
3.04M1.76M5.50M2.23M6.06M

Askari Metals Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.01
Price Trends
50DMA
<0.01
Positive
100DMA
0.01
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
19.06
Positive
STOCH
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AS2, the sentiment is Negative. The current price of 0.01 is above the 20-day moving average (MA) of <0.01, above the 50-day MA of <0.01, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 19.06 is Positive, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AS2.

Askari Metals Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$2.02B-1.19-21.37%3.64%2.88%-30.57%
AUAS2
31
Underperform
AU$2.83M-72.62%26.14%
$124.21M-21.25%
$4.89M-70.42%
AUVMC
55
Neutral
AU$24.52M0.73-21.57%-115.48%
DE9CH
€50.74M-6.71%
AUINF
39
Underperform
AU$8.51M-8.43%48.86%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AS2
Askari Metals Limited
0.01
-0.04
-80.00%
CXOXF
Core Lithium Ltd
0.06
0.00
0.00%
PEIMF
PepinNini Minerals Limited
0.06
-0.01
-14.29%
AU:VMC
Venus Metals Corporation Limited
0.12
0.03
33.33%
DE:9CH
Galan Lithium Limited
0.05
-0.07
-58.33%
AU:INF
Infinity Lithium Corporation Limited
0.02
-0.03
-60.00%

Askari Metals Limited Corporate Events

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.

Askari Metals Announces Proposed Securities Issue to Bolster Growth
Apr 23, 2025

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 Appoints CPS Capital as Strategic Advisor to Boost African Exploration
Apr 23, 2025

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 Re-Appoints Executive Director to Drive African Exploration Strategy
Apr 23, 2025

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 Announces Director Departure
Apr 22, 2025

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 Strengthens Board with New Appointment Amid Strategic Transition
Apr 16, 2025

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 Advances Exploration at Uis Project in Namibia
Apr 15, 2025

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 Successfully Passes All Resolutions at General Meeting
Apr 10, 2025

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.

Askari Metals Expands Share Issuance to Bolster African Exploration Projects
Mar 31, 2025

Askari Metals Limited has issued 5,847,953 fully paid ordinary shares without disclosure to investors, complying with relevant provisions of the Corporations Act. This move aligns with the company’s strategic focus on expanding its exploration projects in Africa, potentially strengthening its market position and attracting further investment.

Askari Metals Announces Change in Substantial Holder Interests
Mar 26, 2025

Askari Metals Limited has announced a change in the interests of its substantial holder, SBC Global Investment Fund. This change involves a significant adjustment in the voting power and relevant interests of the substantial holder, which could impact the company’s governance and decision-making processes. The alteration in voting power may influence the company’s strategic direction and stakeholder engagement.

Askari Metals Limited Announces New Securities Quotation on ASX
Mar 26, 2025

Askari Metals Limited has announced the application for quotation of 5,847,953 ordinary fully paid securities on the Australian Securities Exchange (ASX), issued under a redeemable note deed. This move is expected to enhance the company’s capital structure and potentially improve its market positioning, providing stakeholders with increased investment opportunities.

Askari Metals Limited Releases Half-Year Financial Report
Mar 14, 2025

Askari Metals Limited announced its half-year financial report for the period ending December 31, 2024. The report includes various financial statements and declarations, providing insights into the company’s financial position and performance over the period. This announcement is crucial for stakeholders as it offers a comprehensive view of the company’s financial health and operational efficiency, which can impact its market positioning and future strategic decisions.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.