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Auric Mining Ltd.
(Sydney:AWJ)
Auric Mining Ltd. (AWJ) vs. iShares MSCI Australia ETF (EWA)
Auric Mining Ltd. Business Overview & Revenue Model
Auric Mining Ltd. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 8.31M | 4.77M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 6.64M | 4.77M | -37.06K | -16.93K | -388.00 |
| EBITDA | 5.65M | 2.09M | -1.07M | -1.09M | -750.48K |
| Net Income | 2.69M | 1.31M | -1.11M | -1.10M | -750.87K |
Balance Sheet | |||||
| Total Assets | 21.62M | 13.31M | 11.01M | 9.37M | 4.08M |
| Cash, Cash Equivalents and Short-Term Investments | 3.89M | 4.49M | 2.02M | 545.01K | 176.42K |
| Total Debt | 0.00 | 93.72K | 116.13K | 136.79K | 60.50K |
| Total Liabilities | 3.68M | 1.38M | 441.73K | 323.49K | 1.40M |
| Stockholders Equity | 17.94M | 11.93M | 10.57M | 9.05M | 2.68M |
Cash Flow | |||||
| Free Cash Flow | -3.14M | 2.59M | -3.14M | -4.23M | -2.41M |
| Operating Cash Flow | 1.00M | 4.22M | -1.06M | -1.40M | -352.71K |
| Investing Cash Flow | -3.23M | -2.52M | -1.26M | -4.86M | -2.05M |
| Financing Cash Flow | 2.58M | -24.27K | 2.59M | 6.63M | 2.58M |
Auric Mining Ltd. Technical Analysis
Auric Mining Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $2.90B | 8.19 | 26.42% | 3.68% | 54.37% | 310.22% | |
75 Outperform | $26.17B | 22.19 | 11.01% | 2.73% | 25.11% | 28.88% | |
72 Outperform | $15.10B | 21.84 | 16.97% | 1.84% | 60.56% | 302.20% | |
64 Neutral | $3.32B | ― | -0.38% | ― | 29.83% | 93.23% | |
62 Neutral | AU$30.69M | 9.02 | 18.02% | ― | 74.32% | 83.00% | |
62 Neutral | $9.96B | 9.44 | -0.15% | 2.99% | 2.10% | -35.27% |
Auric Mining Ltd. Corporate Events
Auric Mining Limited announced that the proceedings related to the Munda Tenement M15/87 will not affect its ongoing mining operations. The company clarified that it has no interest or rights in exploiting lithium minerals at Munda, and current assessments have not identified economically viable quantities of lithium, impacting the potential value of Estrella’s lithium royalty.
Auric Mining Limited is facing legal proceedings initiated by Estrella Resources Ltd concerning the lithium rights and royalty entitlements related to the Munda Tenement M15/87. Auric, along with other involved parties, plans to vigorously defend against these claims, which could impact its operations and stakeholder interests.
Auric Mining Limited has released its corporate governance statement for the financial year ending December 31, 2024, which is available on their website. The statement, approved by the Board, outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations. This disclosure is crucial for maintaining transparency and accountability to stakeholders, ensuring that Auric Mining meets the governance standards expected of a listed entity.
Auric Mining Limited has released its Annual Report for 2024, detailing its updated mineral resources and financial performance. The report includes a comprehensive review of the company’s activities, governance, and financial statements, providing stakeholders with insights into its operational progress and strategic positioning in the mining industry.
Auric Mining Ltd reported a net cash inflow from operating activities of $4.664 million for the current quarter, primarily driven by interim cash distributions from gold sales at Jeffreys Find. Despite positive operating cash flow, the company experienced a net cash outflow in investing activities amounting to $711,000, largely due to payments for tenements and exploration. The overall financial position indicates a strategic focus on sustaining operations through gold sales while investing in future growth opportunities.
Auric Mining Ltd. has announced its Annual General Meeting, which will take place on May 29, 2025. The meeting will address several key resolutions, including the adoption of the remuneration report, the re-election of director Steven Morris, and the approval of a mandate to issue equity securities. Additionally, the company seeks approval to issue incentive options to directors Steven Morris and Mark English under the Employee Securities Incentive Plan. These resolutions are significant for the company’s governance and strategic planning, potentially impacting shareholder value and company operations.
Auric Mining Limited has completed the first stage of acquiring the Loded Dog tenements, enhancing its presence in the Widgiemooltha-Higginsville area. This acquisition, which involves a cash payment and future royalties, includes promising prospects like Amorphous and Foote’s Find, located near significant gold deposits. The company plans to prioritize exploration efforts in these areas, aiming to capitalize on the region’s rich gold potential.
Auric Mining Limited has announced the date for its upcoming Annual General Meeting, which is scheduled for 29 May 2025. The company has also set 16 April 2025 as the deadline for director nominations. This announcement is part of the company’s compliance with ASX listing rules and provides shareholders with important information regarding governance and potential changes in the board of directors.
Auric Mining Limited has announced an extension of the due diligence period for the acquisition of the Lindsay’s Gold Project, including the Parrot Feathers open pit gold mine. This extension, agreed upon with the vendors, allows Auric to continue its evaluation process while the vendors fulfill specific obligations. The company has paid a $100,000 exclusivity fee to secure exclusive negotiation rights, indicating its commitment to the transaction.
Auric Mining Limited reported a net profit before tax of $4.1 million for the financial year ending December 31, 2024, marking a 212% increase from the previous year. The company attributes its strong financial performance to the rising gold prices and successful operations at Jeffreys Find, with plans to commence mining at the Munda Gold Deposit. The company is poised for further growth in 2025 as it transitions to conducting mining operations independently without a joint venture partner.
Auric Mining Limited has completed due diligence for the acquisition of the Burbanks Plant and Associated Assets in Coolgardie, Western Australia, for $4.4 million. The acquisition is expected to be finalized by late Q2 2025, potentially enhancing Auric’s operational capabilities and market presence in the region.
Auric Mining Ltd has announced significant milestones in their operations, including the completion of Stage One mining at Jeffreys Find, which generated $4.76 million. They are set to commence Stage Two mining, with expectations of surpassing $100 million in revenue by early 2025, indicating a strong financial trajectory and potential positive impact on stakeholders.
Auric Mining Limited has announced the execution of a toll milling agreement with BML Ventures Pty Ltd and Focus Minerals Ltd to process 60,000 tonnes of ore from the Jeffreys Find Gold Mine. This marks the final phase of the project, expected to generate an additional $3 to $4 million for Auric by August 2025, benefiting from high gold prices.
Auric Mining Limited has extended the due diligence period for its exclusive right to purchase the Burbanks Plant and associated assets in Coolgardie until March 14, 2025. The extension allows Auric more time to resolve outstanding issues such as government reports, litigation, and environmental and operational matters before finalizing the $4.4 million acquisition, which could impact its operational capabilities and market positioning.
Auric Mining Limited has announced the execution of a Binding Letter Agreement to acquire the Lindsay’s Project from Top Global Mining Pty Ltd and NBC Mining Pty Ltd. The project, located near Kalgoorlie, WA, includes eight tenements and the partially mined Parrot Feathers gold deposit. This acquisition aligns with Auric’s strategy to expand its gold production capabilities and is expected to facilitate near-term open-pit mining operations. The purchase, valued at $4 million in cash and shares, is seen as a significant step towards sustained production growth for Auric, with plans to commence mining in 2025.
Auric Mining Limited has announced the acquisition of eight tenements from Loded Dog Prospecting Pty Ltd, covering 113 square kilometers in the Widgiemooltha-Higginsville district. This move strengthens Auric’s presence in the area, known for its numerous gold mines, and aligns with the company’s strategy to expand its footprint and capitalize on the region’s promising geology. The acquisition involves a payment of $475,000, with additional milestone payments and royalties based on future resource discoveries and production, potentially enhancing Auric’s operational capabilities and market position.
Auric Mining Limited announced that its Jeffreys Find Gold Mine has generated over $100 million in gold sales, with a significant increase in gold prices contributing to this success. The company has received interim cash distributions and expects further surplus cash from ongoing operations. This achievement highlights Auric’s strong market positioning and the financial viability of its mining projects, offering potential benefits for stakeholders through increased revenues and successful project execution.
Auric Mining Ltd. has experienced a change in its substantial holder interests, with FF OKRAM SUPER PTY LTD increasing its voting power from 9.38% to 11.65% as of February 11, 2025. This change signifies a notable shift in shareholder dynamics, potentially impacting the company’s governance and strategic decisions owing to the increased influence of FF OKRAM SUPER PTY LTD.
Auric Mining Limited has announced key personnel appointments to enhance its mining operations at the Munda Gold Deposit in Western Australia. The appointments of experienced professionals, including Mr. Adrian Barnett, Mr. Matthew Graham-Ellison, and Mr. Mark Lewis, are intended to strengthen the company’s management and technical expertise as they transition into the development of the Munda starter pit, which is set to commence shortly. These strategic hires are part of Auric’s broader strategy to optimize the performance of its flagship project, indicating significant growth and operational focus for the company.
Auric Mining Limited has announced an extension of the due diligence period for the exclusive right to purchase the Burbanks Plant and associated assets in Coolgardie, WA. The extension, agreed upon with the agent for the Mortgagee in Possession, moves the deadline to 28 February 2025, allowing Auric more time to evaluate the $4.4 million purchase offer. This decision could significantly impact Auric’s operational capabilities and strategic positioning if the acquisition is completed.
Auric Mining Limited has partnered with Investor Hub to enhance its investor communication capabilities by distributing ASX announcements and additional content like videos and educational materials via the platform. This move is part of Auric’s strategy to improve shareholder engagement during its expansion phase in Western Australia’s Goldfields, thereby strengthening its industry positioning and investor relations.