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Cobre Limited
(Sydney:CBE)
Cobre Limited (CBE) vs. iShares MSCI Australia ETF (EWA)
Cobre Limited Business Overview & Revenue Model
Cobre Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 758.60K | 758.60K | 0.00 | ― | ― | 0.00 | Gross Profit |
| 758.60K | 758.60K | -1.40K | ― | ― | -172.00 | EBIT |
| -1.11M | -1.58M | -1.94M | 324.40K | -2.71M | -2.05M | EBITDA |
| -1.16M | -1.63M | -1.45M | -1.46M | -2.69M | -1.73M | Net Income Common Stockholders |
| -1.21M | -2.39M | -1.74M | -5.39M | -2.75M | -1.97M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 2.72M | 980.63K | 5.76M | 2.73M | 8.15M | 7.17M | Total Assets |
| 36.94M | 31.51M | 31.50M | 18.68M | 18.26M | 9.94M | Total Debt |
| 0.00 | 0.00 | 0.00 | 1.88M | 532.06K | 0.00 | Net Debt |
| -2.72M | -980.63K | -5.76M | -852.11K | -7.61M | -7.17M | Total Liabilities |
| 714.18K | 928.24K | 726.59K | 2.28M | 1.21M | 830.85K | Stockholders Equity |
| 36.22M | 30.58M | 30.77M | 12.88M | 17.05M | 9.11M |
| Cash Flow | Free Cash Flow | ||||
| -6.51M | -6.64M | -9.98M | -2.28M | -3.33M | -2.66M | Operating Cash Flow |
| -785.95K | -1.34M | -2.06M | -1.20M | -1.17M | -1.48M | Investing Cash Flow |
| -5.72M | -5.61M | -9.58M | -5.62M | -3.07M | -1.71M | Financing Cash Flow |
| 7.29M | 2.16M | 14.67M | 1.41M | 5.21M | 10.18M |
Cobre Limited Technical Analysis
Cobre Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.04B | -1.15 | -21.24% | 3.95% | 2.91% | -30.44% | |
39 Underperform | AU$20.22M | ― | -3.74% | ― | ― | 67.62% | |
| $19.48B | 25.01 | 11.01% | 2.32% | ― | ― | ||
| $11.06B | 24.29 | 16.97% | 1.30% | ― | ― | ||
| $2.10B | 1,408.33 | -36.53% | 6.22% | ― | ― | ||
| $2.37B | ― | -0.38% | ― | ― | ― | ||
| $2.10B | 9.13 | 26.42% | 2.87% | ― | ― |
Cobre Limited Corporate Events
Cobre Limited has entered into an Earn-In Agreement with BHP Group Ltd, allowing BHP to invest up to US$25 million for exploration in Cobre’s Kitlanya Projects in Botswana, granting BHP a 75% interest. This strategic partnership enhances Cobre’s exploration capabilities and positions it for potential high-grade copper discoveries. Recent assay results from the Ngami Copper Project in Botswana show promising copper and silver grades, indicating significant exploration potential. In Australia, Cobre’s High Purity Quartz Project has shown successful beneficiation and thermal testing results, suggesting the potential for high purity silica products.
Cobre Limited has completed an infill resource drilling program at the Comet Target within its Ngami Copper Project in Botswana. The drilling, consisting of 10 diamond drill holes over a 2km strike, aims to establish a Mineral Resource Estimate and support a pilot study for in-situ copper recovery. Initial assay results are promising, aligning with expectations and demonstrating continuity of copper and silver grades. The company plans to proceed with metallurgical testing and environmental assessments to advance the project, potentially enhancing its position in the copper mining industry.
Cobre Limited has announced successful beneficiation and thermal testing results for its High Purity Quartz (HPQ) project at Perrinvale, Western Australia. The tests confirm the viability of producing high purity silica products and smelter furnace feedstock, with significant interest from international stakeholders, including a Malaysian silicon smelting operation. The completion of an Aboriginal Cultural Heritage survey has cleared the way for further exploration, positioning the company to advance towards a Mineral Resource Estimate.
Cobre Limited announced a change in the director’s interest, with David Michael McNeilly acquiring additional shares and options. This change, approved by shareholders, reflects a strategic move to strengthen the director’s stake in the company, potentially impacting its governance and stakeholder confidence.
Cobre Limited has issued 12,307,693 ordinary shares at $0.065 per share as part of the second tranche of a capital raising effort announced in November 2024. This move is part of the company’s strategy to strengthen its financial position, with compliance to relevant provisions of the Corporations Act, and signifies a step towards enhancing its market presence and operational capabilities.
Cobre Limited has announced the issuance of 12,307,693 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code CBE. This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially impacting its market position and stakeholder interests positively.
Cobre Limited has commenced a diamond drilling program at its Kitlanya West Copper Project in Botswana, following promising seismic survey results. This initiative, part of a joint venture with BHP, aims to explore potential copper-silver mineralization sites and assess the region’s capacity to host large deposits, potentially enhancing Cobre’s position in the mining industry.
Cobre Limited has entered into an Earn-In Agreement with a subsidiary of BHP Group Ltd for its Kitlanya East and West Copper projects in Botswana, marking a significant step in its exploration efforts. Additionally, the company continues to advance its exploration projects in Botswana and Western Australia, while maintaining a strategic investment in Rapid Lithium Limited, which is focusing on lithium assets in the USA and mineral claims in Canada.
Cobre Limited has entered into an Earn-In Agreement with BHP Group Ltd, where BHP will invest up to A$40 million for exploration in Cobre’s Kitlanya Copper Projects in Botswana. This partnership allows BHP to earn a 75% interest in the projects, providing Cobre with significant funding and expertise to enhance its exploration efforts. The collaboration highlights Cobre’s confidence in discovering Tier 1 copper-silver deposits and allows the company to maintain full ownership of its other projects. The initial exploration phase, scheduled to begin in April 2025, includes deep drilling and seismic surveys to assess the potential for major mineral discoveries.
Cobre Limited has announced a Placement Option Offer, which includes issuing up to 29,570,892 free attaching Options for the first tranche and 6,153,847 for the second tranche, based on one free Option for every two Shares issued. Additionally, up to 4,000,000 Options will be offered to Canaccord Genuity (Australia) Limited and CPS Capital Group Pty Ltd as part of a Broker Offer. These offers are not available to the general public, indicating a strategic move to strengthen relationships with key stakeholders and potentially enhance market positioning.
Cobre Limited has announced an Extraordinary General Meeting of its shareholders, which will be held on March 24, 2025, in Sydney, Australia. The meeting is set to take place at the offices of Baker McKenzie and will address various resolutions outlined in an accompanying Explanatory Memorandum, which shareholders are advised to review thoroughly. This meeting is crucial for stakeholders to understand the strategic direction and decisions the company plans to undertake.