Top Page
Asra Minerals Limited
(Sydney:ASR)
Asra Minerals Limited (ASR) vs. iShares MSCI Australia ETF (EWA)
Asra Minerals Limited Business Overview & Revenue Model
Asra Minerals Limited Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 20.25K | 90.64K | 275.42K | 187.99K | 50.00K |
| Gross Profit | -697.00K | -20.00K | 227.92K | -1.81M | 5.49K |
| EBITDA | -3.22M | -20.69M | -3.69M | -2.79M | -2.02M |
| Net Income | -3.58M | -21.32M | -4.57M | -3.27M | -2.07M |
Balance Sheet | |||||
| Total Assets | 17.99M | 18.14M | 36.07M | 32.84M | 23.78M |
| Cash, Cash Equivalents and Short-Term Investments | 59.50K | 2.85M | 2.61M | 1.85M | 2.37M |
| Total Debt | 1.00M | 2.63M | 2.51M | 2.23M | 110.25K |
| Total Liabilities | 2.99M | 3.21M | 3.43M | 3.33M | 1.50M |
| Stockholders Equity | 15.00M | 14.92M | 32.64M | 29.52M | 22.29M |
Cash Flow | |||||
| Free Cash Flow | -4.95M | -4.32M | -6.81M | -11.16M | -2.92M |
| Operating Cash Flow | -1.52M | -1.91M | -2.45M | -1.98M | -957.73K |
| Investing Cash Flow | -2.16M | -2.40M | -3.87M | -8.47M | -2.08M |
| Financing Cash Flow | 896.89K | 4.58M | 7.04M | 9.93M | 5.36M |
Asra Minerals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.37B | 6.45 | -0.08% | 2.84% | 3.09% | -36.03% | |
50 Neutral | AU$9.37M | ― | -108.74% | ― | ― | -1766.67% | |
44 Neutral | AU$11.23M | ― | -72.28% | ― | ― | -270.83% | |
42 Neutral | €9.78M | ― | -24.05% | ― | -83.22% | 87.29% | |
38 Underperform | $6.35M | ― | -60.89% | ― | ― | 78.00% | |
| ― | $8.11M | ― | ― | ― | ― | ||
38 Underperform | AU$6.25M | ― | -100.35% | ― | ― | 29.60% |
Asra Minerals Limited Corporate Events
Asra Minerals Limited has completed its Reverse Circulation (RC) drilling program at the Challenge Prospect, part of the Leonora South Gold Project in Western Australia. The program included 23 RC holes totaling 1,362 meters at Challenge and a combined total of 40 holes for 3,432 meters when including the Eclipse prospect. This drilling aims to further define and extend known mineralization, with assay results expected soon. The completion of this program is a strategic step in unlocking the potential of the Leonora South Gold Project, with results anticipated to enhance understanding of the area.
Asra Minerals Limited has successfully completed a 1,938-meter drilling program at the Leonora South Gold Project, targeting high-grade extensions at the Niagara Prospect area. The company secured A$3.0 million through a placement to accelerate exploration activities and completed the sale of the Boorara Leases to streamline operations. Additionally, Asra acquired full ownership of the Mt Cutmore prospects and strengthened its leadership team with key appointments, positioning itself to enhance exploration efforts and strategic flexibility.
Asra Minerals Limited has successfully completed its Reverse Circulation (RC) drilling program at the Eclipse Prospect within the Leonora South Gold Project in Western Australia, ahead of schedule. The completion allows for an accelerated start at the Challenge Prospect, optimizing the exploration schedule. The drilling aims to further define and extend known mineralization, with assay results expected to provide crucial insights into the potential of the Eclipse Prospect. This development is part of a broader 3,000m RC drilling plan, which could significantly impact Asra’s operations and industry positioning by enhancing resource estimates and stakeholder value.
Asra Minerals Limited has announced a General Meeting to discuss significant changes, including a proposed name change to GoldArc Resources Limited, a consolidation of its issued capital, and approval for a future share placement to raise up to $3 million. These strategic moves are aimed at strengthening the company’s financial position, optimizing its capital structure, and potentially enhancing its market presence, which could have implications for stakeholders and its competitive standing in the industry.
Asra Minerals Limited has announced a security consolidation affecting several of its securities, including ordinary shares and various options and performance rights. This reorganization is set to commence trading on a deferred settlement basis on August 29, 2025, with a record date of September 1, 2025, and an issue date of September 8, 2025. The consolidation aims to streamline the company’s securities structure, potentially impacting its market positioning and stakeholder interests.
Asra Minerals Limited has announced its intention to rebrand as GoldArc Resources Limited and consolidate its issued capital on a ten-for-one basis, pending shareholder approval. This strategic rebranding and capital consolidation aim to align the company’s identity and structure with its operational strategy, enhancing its appeal to a broader range of investors and supporting its growth objectives through targeted resource expansion and exploration.
Asra Minerals Limited announced successful results from its recent drilling program at the Gladstone Prospect, part of the Leonora South Gold Project. The drilling confirmed high-grade gold mineralization, enhancing the resource potential and indicating significant down-dip continuity, which could expand the resource footprint. These results validate the company’s interest in the area and provide valuable insights for future exploration, strengthening confidence in the project’s potential.
Asra Minerals Limited has initiated a 3,000-meter reverse-circulation drilling program at the Challenge and Eclipse prospects within the Leonora South Gold Project. This program aims to confirm the continuity and grade of mineralization from previous drilling, potentially expanding the company’s resource base and enhancing its geological understanding of the area.
Asra Minerals Limited has announced a new phase of exploration at its Leonora South Gold Project, located in the historic Kookynie mining center in Western Australia. The company plans to conduct a 3,000-meter reverse-circulation drilling program at the Challenge and Eclipse prospects, which are situated near the existing Sapphire deposit. This program aims to confirm the grade and continuity of historic mineralization and enhance the geological understanding of these targets. The drilling is set to begin in mid-July and is expected to be completed by August, with assay results anticipated by September. This initiative follows previous drilling activities at the Orion, Sapphire, and Gladstone prospects, with Asra awaiting analysis results from those samples. The company’s Managing Director, Paul Stephen, expressed optimism about the potential to advance understanding of the broader system and unlock further value across the Leonora Gold Project.
Asra Minerals Limited has reported its holdings and top holders for its listed options, ASROPTWC1, which are set to expire on June 30, 2028. The report reveals that 100% of the issued share capital, totaling 1,778,500,000 units, is held by 86 holders, with the top holder, Elk Point Minerals Pty Ltd, owning 10.12% of the options. This concentration of holdings among a small number of investors could indicate a significant influence on the company’s strategic decisions and market movements, potentially impacting stakeholders and the company’s positioning in the industry.
Asra Minerals Limited has announced the issuance of 1,778,500,000 new securities in the form of options, which are exercisable at $0.004 and set to expire on June 30, 2028. This strategic move, involving placements and options for directors and lead managers, is aimed at bolstering the company’s financial position and enhancing its operational capabilities.
Asra Minerals Limited has announced a change in the director’s interest notice, specifically involving Mr. Leonard Math. The change involves the acquisition of 5,000,000 fully paid ordinary shares and 5,000,000 options exercisable at $0.004 expiring on June 30, 2028, by Mr. Math’s spouse, Emilia Dingle Walker. This acquisition was part of a placement approved by shareholders at the Annual General Meeting, indicating strategic financial maneuvers within the company.
Asra Minerals Limited has announced the quotation of 8,500,000 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, which could potentially enhance the company’s liquidity and market presence, providing opportunities for growth and increased shareholder value.
Asra Minerals Limited’s Leonora Gold Project is strategically positioned near several operating mills, offering potential for early cash flow opportunities. This proximity, combined with the project’s geological similarities to nearby successful mines, enhances its potential impact on the company’s operations and its positioning within the gold mining industry.
Asra Minerals Limited has issued a notice under section 708A(5)(e) of the Corporations Act 2001 concerning securities issued without disclosure to investors. The company confirms compliance with relevant legislative provisions and states there is no excluded information that investors would expect in a disclosure document. This announcement reflects Asra’s adherence to regulatory requirements, potentially impacting investor confidence and market perception positively.
Asra Minerals Limited has issued securities without disclosure to investors under Part 6D.2 of the Corporations Act, as per the recent Section 708A Notice. The company confirms compliance with relevant provisions of the Corporations Act and states there is no excluded information that investors would expect in a disclosure document, indicating transparency and adherence to regulatory requirements.
Asra Minerals Limited has announced the issuance of 42,189,355 ordinary fully paid shares in lieu of drilling fees. This move is part of the company’s strategy to manage operational costs effectively while continuing its exploration activities, potentially impacting its financial position and stakeholder interests positively.
Asra Minerals Limited has announced the application for the quotation of 1,137,080,000 ordinary fully paid securities on the ASX, with an issue date of June 6, 2025. This move is part of a previously announced transaction, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with the company’s financial developments.
Asra Minerals Limited has announced the appointment of Paul Stephen as a director, effective June 5, 2025. As part of his role, Stephen has been granted 60,000,000 performance rights through the Asra Minerals Employee Share Trust, indicating a strategic move to align the director’s interests with the company’s performance, potentially impacting the company’s governance and stakeholder confidence.
Asra Minerals Limited has announced a prospectus for the issuance of up to 1.8 billion New Options as part of a placement offer. This offer is divided into two parts: 1.5 billion options for placement participants and 300 million options for lead managers. The company highlights that the investment in these options is speculative and advises potential investors to consult with professional advisers. The prospectus is not intended for distribution in the United States, and the options will not be registered under the US Securities Act of 1933.
At its recent Annual General Meeting, Asra Minerals Ltd announced that all proposed resolutions were successfully passed without amendment. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives in the gold exploration sector, potentially enhancing its growth prospects in the renowned Eastern Goldfields region.
Asra Minerals Limited has issued a notice under section 708A(5)(e) of the Corporations Act 2001 regarding the issuance of securities without disclosure to investors. The company confirms compliance with relevant provisions of the Act and states there is no excluded information that investors would expect to find in a disclosure document. This announcement ensures transparency and regulatory compliance, potentially impacting investor confidence and market perception positively.
Asra Minerals Limited announced the quotation of 60,489,325 fully paid ordinary securities on the ASX, effective from May 19, 2025. This move is part of a previously announced transaction, potentially enhancing the company’s market presence and liquidity, and could impact stakeholders by increasing the available stock for trading.
Asra Minerals Limited has entered into a Binding Heads of Agreement with Northern Star (KLV) Pty Ltd for the sale of its Boorara Leases for A$200,000. This strategic divestment of a non-core asset will provide Asra with non-dilutive funding to support exploration programs at its Leonora Gold Project, streamline its portfolio, and reduce ongoing holding costs.
Asra Minerals Limited announced a change in the director’s interest, specifically regarding Mr. Paul Summers. The change involved the lapsing of 9,000,000 performance rights, leaving Mr. Summers with 57,010,675 ordinary shares and a substantial number of options. This adjustment in securities could impact the company’s governance and stakeholder interests, reflecting on its strategic management and future planning.
Asra Minerals Limited has announced an addendum to its Annual General Meeting notice, proposing additional resolutions for shareholder approval. The resolutions involve issuing shares to Challenge Drilling and Terra Drilling in lieu of drilling fees, as well as issuing consideration shares to sellers. These actions are part of the company’s strategic efforts to manage operational costs and strengthen its financial position by leveraging equity for services, which may impact shareholder value and company operations.
Asra Minerals Limited has announced the acquisition of the remaining 49% interest in the Mt Cutmore prospects at the Mt Stirling Leonora North Project, achieving full ownership. This strategic move is expected to enhance Asra’s position in the Leonora gold district, a region known for its rich gold deposits and proximity to major mining operations. The acquisition is part of Asra’s broader strategy to consolidate its assets and streamline its portfolio, providing a clear pathway for focused exploration and value creation for shareholders.
Asra Minerals Limited has announced the issuance of 80,000,000 performance rights as part of an employee incentive scheme. This move is aimed at enhancing employee engagement and aligning their interests with the company’s growth objectives, potentially impacting the company’s operational dynamics and stakeholder interests positively.
Asra Minerals Limited has commenced a 1,300-meter drilling program at its Leonora South Gold Project, targeting the down-dip extensions of the high-grade Orion and Sapphire deposits. This initiative aims to confirm the continuity of mineralization at depth and evaluate the potential for resource expansion. The program, which includes both Reverse Circulation and Diamond Tail drilling, is expected to take 3-4 weeks, with initial assay results anticipated within 6-8 weeks. The company has secured key drilling contractors and established a drill-for-equity agreement to optimize capital management. This exploration effort is part of Asra’s strategic plan to expand its resource base and enhance its market position in the gold mining sector.