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Aurumin Ltd.
(Sydney:AUN)
Aurumin Ltd. (AUN) vs. iShares MSCI Australia ETF (EWA)
Aurumin Ltd. Business Overview & Revenue Model
Aurumin Ltd. Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 277.45K | 423.89K | 108.15K | 0.00 | 0.00 | 0.00 | Gross Profit |
| 272.60K | 423.89K | 65.32K | -77.26K | -38.38K | 0.00 | EBIT |
| -4.69M | -4.17M | -4.65M | -6.51M | -5.05M | -972.42K | EBITDA |
| -5.20M | -1.67M | -4.50M | -6.43M | -5.02M | -968.26K | Net Income Common Stockholders |
| -5.37M | -3.08M | -6.15M | -6.68M | -5.06M | -1.15M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.51M | 919.69K | 1.42M | 2.15M | 3.76M | 214.55K | Total Assets |
| 16.71M | 16.65M | 17.37M | 18.07M | 5.88M | 1.66M | Total Debt |
| 0.00 | 0.00 | 4.52M | 3.68M | 85.16K | 52.62K | Net Debt |
| -1.51M | -919.69K | 3.11M | 1.53M | -3.68M | -161.93K | Total Liabilities |
| 2.46M | 2.55M | 6.99M | 7.29M | 460.06K | 457.83K | Stockholders Equity |
| 14.25M | 14.09M | 10.38M | 10.78M | 5.42M | 1.21M |
| Cash Flow | Free Cash Flow | ||||
| -4.13M | -4.12M | -4.97M | -4.75M | -4.32M | ― | Operating Cash Flow |
| -3.93M | -3.79M | -4.43M | -4.71M | -4.16M | ― | Investing Cash Flow |
| 299.22K | 3.52M | -545.61K | -5.85M | -158.77K | ― | Financing Cash Flow |
| 3.27M | -230.22K | 4.24M | 8.94M | 7.87M | ― |
Aurumin Ltd. Technical Analysis
Aurumin Ltd. Peers Comparison
Aurumin Ltd. Corporate Events
Aurumin Limited announced a 33% increase in the Plum Pudding Resource, bringing it to a total of 18,700 ounces of gold. This update is part of the company’s Sandstone Operations Project, which now holds a total resource of 951,000 ounces of gold. Additionally, the company completed a drilling and re-assay program at the Sandstone Iron Project, reporting significant iron ore results. These developments are expected to enhance Aurumin’s operational capabilities and strengthen its position in the mining sector.
Aurumin Limited has completed a Reverse Circulation drilling program at its Johnson Range Gold Project, part of the Sandstone Gold Project, targeting the Gwendolyn deposit. The drilling aims to enhance geological confidence in the existing inferred resources, potentially upgrading them to an indicated classification to support future mining studies. With gold prices high, the company is well-positioned to advance the Gwendolyn deposit, located on a granted mining lease, towards development, pending positive assay results expected in mid-May.
Kula Gold Limited has announced promising high-grade gold drilling results from its Mt Palmer Gold Project, with significant intersections indicating potential for low-cost open pit extraction. The ongoing Stage 2 drilling has returned notable results, enhancing the project’s prospects and underscoring its potential impact on Kula’s operations and market positioning.
Aurumin Limited has announced promising results from its recent drilling program at the Central Sandstone Project, targeting high-grade iron ore. The results have led to an expansion and extension of the joint venture option agreement with Newcam Mineral Pty Ltd, increasing the potential for direct shipping ore (DSO) iron mineralization. This development could significantly enhance Aurumin’s operational capabilities and market positioning, with the potential joint venture valued at up to $7 million, accelerating project activities and reducing risks.
Kula Gold Limited, in partnership with Aurumin Limited, is advancing its operations at the Mt Palmer Gold Mine Project, located in the Southern Cross Goldfields. The joint venture holds a 100% stake in a promising 10km gold belt, focusing on gold extraction and exploration. The company has reported promising results from channel sampling of old mine dumps, with grades reaching up to 17.9g/t gold and an average of 1.7g/t gold across 146 samples. These results suggest the potential for low-cost extraction and have prompted further detailed sampling and metallurgical testwork. With gold prices exceeding US$3,000 per ounce, Kula Gold is exploring early production options and plans to commence drilling on high-grade targets.
Aurumin Limited has released its interim financial report for the period ending December 31, 2024. The report includes various financial statements and declarations, reflecting the company’s financial position and performance during this period. This release provides stakeholders with insights into Aurumin’s financial health and operational outcomes, which can influence investor confidence and strategic decisions.
Aurumin Limited has completed its drilling program at the Central Sandstone Project, which is part of a due diligence process under an option agreement with Newcam Mineral Pty Ltd. This program tested seven priority targets with 54 holes drilled and aims to evaluate the potential for direct shipping iron ore. The potential joint venture with Newcam could provide up to $7 million in project funding, marking a significant step in advancing Aurumin’s exploration efforts.
Aurumin Limited has announced the cessation of 2,000,000 securities identified under the ASX security code AUNAO, which expired on February 15, 2025, without exercise or conversion. This cessation impacts the company’s capital structure and reflects on its current financial positioning within the industry.
Aurumin Ltd. announced a change in the voting power of its substantial holder, 7 Enterprises Pty Ltd. On February 14, 2025, 7 Enterprises increased its shareholding from 74,500,000 to 76,500,000 ordinary shares, raising its voting power from 14.94% to 15.6%. This change was a result of a placement valued at $110,000. The increase in voting power may enhance 7 Enterprises’ influence over company decisions and reflects continued confidence in Aurumin Ltd.’s potential.
Aurumin Ltd. has announced a change in the interest of its director, Mr. Daniel Raihani. The director acquired an additional 2,000,000 ordinary shares through participation in a placement approved by shareholders, raising his indirect holding to 76,500,000 shares. This move reflects an increased investment in the company, indicating confidence in its future prospects.
Aurumin Limited has announced the quotation of 3,700,000 new ordinary fully paid securities on the Australian Securities Exchange (ASX), following director participation in a placement approved by shareholders on February 6, 2025. This move is likely to enhance the company’s financial position and potentially increase its market presence, signaling confidence in its strategic direction and providing opportunities for stakeholders.
Aurumin Ltd. has announced the cessation of 8,000,000 ordinary fully paid securities following a selective buy-back, effective from February 12, 2025. This move could potentially impact the company’s capital structure and market positioning, possibly affecting shareholder value and investor perception.
Aurumin Limited announced the successful passing of all resolutions during its recent General Meeting, with specific emphasis on the special resolution concerning the selective buy-back of Collateral Shares from Acuity Capital. This development signifies a positive step for the company, potentially impacting its capital management strategy and shareholder interests as it continues to strengthen its market position.
Aurumin Ltd. announced the start of a drilling program at its Central Sandstone Project, targeting high-grade iron ore as part of an agreement with Newcam Mineral Pty Ltd. This drilling is crucial for Newcam’s decision on forming a joint venture, potentially bringing up to $7 million in project funding. The initiative aims to enhance the project’s value and operational efficiency, as well as position Aurumin favorably in the iron ore market by leveraging Newcam’s logistical capabilities.