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Canterbury Resources Ltd.
(Sydney:CBY)
Canterbury Resources Ltd. (CBY) vs. iShares MSCI Australia ETF (EWA)
Canterbury Resources Ltd. Business Overview & Revenue Model
Canterbury Resources Ltd. Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 685.37K | 434.62K | 214.88K | 0.00 | 0.00 | 6.00K |
| Gross Profit | 685.37K | 434.62K | 188.93K | -28.13K | -22.83K | -18.11K |
| EBITDA | -637.35K | -690.67K | -790.38K | -1.76M | -1.29M | -1.26M |
| Net Income | -676.68K | -705.18K | -817.81K | -1.65M | -1.31M | -1.43M |
Balance Sheet | ||||||
| Total Assets | 12.71M | 12.49M | 11.59M | 11.48M | 11.90M | 11.27M |
| Cash, Cash Equivalents and Short-Term Investments | 1.51M | 753.02K | 294.45K | 362.80K | 545.57K | 67.90K |
| Total Debt | 600.00K | 400.00K | 13.89K | 33.72K | 52.39K | 21.55K |
| Total Liabilities | 984.25K | 1.25M | 278.90K | 244.60K | 229.78K | 698.79K |
| Stockholders Equity | 11.72M | 11.24M | 11.32M | 11.23M | 11.67M | 10.57M |
Cash Flow | ||||||
| Free Cash Flow | -539.04K | -570.04K | -978.16K | -1.89M | -1.87M | -3.93M |
| Operating Cash Flow | -543.89K | -563.80K | -871.16K | -1.62M | -814.72K | -863.92K |
| Investing Cash Flow | 54.96K | 26.54K | -34.00K | -229.12K | -1.05M | -3.09M |
| Financing Cash Flow | 1.38M | 997.62K | 836.81K | 978.69K | 2.36M | 1.16M |
Canterbury Resources Ltd. Technical Analysis
Canterbury Resources Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$5.81M | ― | -5.82% | ― | ― | 36.21% | |
62 Neutral | $9.97B | 9.61 | -0.15% | 2.99% | 2.10% | -35.27% | |
49 Neutral | AU$330.05M | 22.62 | 4.44% | ― | 0.39% | ― | |
47 Neutral | AU$29.45M | 1.45 | 17.20% | ― | ― | ― | |
46 Neutral | €273.45M | ― | -14.81% | ― | ― | -150.58% | |
46 Neutral | AU$45.72M | ― | -34.82% | ― | ― | -142.11% | |
32 Underperform | $15.21M | ― | -53.93% | ― | ― | -1133.33% |
Canterbury Resources Ltd. Corporate Events
Canterbury Resources Ltd. is poised to release technical and financial parameters for its Briggs Project, one of Australia’s largest undeveloped copper projects, by August 2025. With rising copper demand and looming market deficits, the company is strategically positioned for potential success, offering high leverage due to its low market capitalization.
Canterbury Resources Limited has announced the issuance of 5,000,000 fully paid ordinary shares and 5,000,000 options as part of the acquisition of Molcopnick Pty Ltd. These securities were issued under the company’s placement capacity and will rank equally with existing shares, reflecting Canterbury’s strategic expansion efforts.
Canterbury Resources Ltd. announced the issuance of 5,000,000 unquoted securities, specifically options expiring on December 31, 2026, with an exercise price of $0.05. This issuance is part of a previously announced transaction, reflecting the company’s strategic efforts to manage its equity structure and potentially raise capital for its ongoing projects.
Canterbury Resources Ltd. announced the quotation of 5,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is expected to bolster the company’s financial standing and enhance its visibility in the market, potentially impacting its operations and stakeholder interests positively.
Canterbury Resources Limited has completed the acquisition of Molcopnick Pty Ltd, which holds the Jack Shay Project in central Queensland. This acquisition, paid through shares and options, adds promising exploration targets to Canterbury’s portfolio, including the undrilled Nerangy Cu-Mo porphyry and Red Hill Ni-Cu-Co-Pt prospects. The company plans to initiate drilling to explore these targets further, enhancing its resource base and potentially strengthening its position in the mineral exploration industry.
Canterbury Resources Ltd. announced a change in the director’s interest notice, involving John Anderson, a director of the company. The notice details an acquisition of 150,000 shares by John Anderson through indirect interest, increasing his total holdings to 9,000,000 shares. This transaction, executed as an on-market purchase, signifies a potential vote of confidence in the company’s future prospects by a key stakeholder.
Canterbury Resources Limited has released an amended Quarterly Activities Report for the period ending 31 March 2025, highlighting significant advancements in its Briggs Copper Project. The report notes the removal of VTEM geophysical data references and updates to the Mineral Resource Estimate (MRE), which now shows increased resource tonnage and contained metals, including copper, molybdenum, and silver. The Queensland Government’s funding support for further exploration and the company’s ongoing field activities in Papua New Guinea and Queensland underscore Canterbury’s strategic efforts to enhance its resource base and project pipeline.
Canterbury Resources Ltd. has announced a change in the director’s interest, specifically involving Michael Erceg. The change involves an on-market purchase of 100,000 shares at $0.02 per share, increasing Erceg’s indirect holdings to 2,134,423 shares. This update reflects a strategic move in the director’s investment portfolio, potentially signaling confidence in the company’s future performance.
Canterbury Resources Ltd. has announced a change in the director’s interest notice. The company’s director, Grant Craighead, has acquired 190,611 shares through an on-market purchase, increasing his direct holding to 2,544,958 shares. This change reflects a strategic move by the director to increase his stake in the company, which may indicate confidence in the company’s future prospects.
Canterbury Resources Limited has successfully raised $125,000 through the issuance of 5,000,000 fully paid ordinary shares at $0.025 each in a private placement. Each share comes with a free attaching option, exercisable at $0.05, expiring on December 31, 2026. This strategic move utilizes the company’s placement capacity under ASX Listing Rules, potentially strengthening its financial position and providing additional capital for ongoing projects.
Canterbury Resources Ltd. has announced the application for quotation of 5,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, indicating the company’s efforts to raise capital and potentially expand its operations. The issuance of these securities could impact the company’s market positioning by increasing its financial resources, which may benefit stakeholders by supporting further exploration and development activities.
Canterbury Resources Limited has reported significant progress in its Briggs Copper Project, with metallurgical tests showing high copper recovery rates and an updated Mineral Resource Estimate indicating increases in resource tonnage and contained metals. The company is also advancing its exploration activities in Papua New Guinea and Queensland, supported by government funding and strategic acquisitions, which could enhance its operational capabilities and financial returns.
Canterbury Resources Limited has announced a proposed issue of securities, planning to issue up to 5,000,000 options and 5,000,000 ordinary fully paid shares. This move is part of a placement or other type of issue, with the proposed issue date set for May 30, 2025. The announcement signifies a strategic effort to raise capital, potentially impacting the company’s financial position and providing opportunities for growth and expansion within the mining industry.
Canterbury Resources Ltd. has announced a proposed issue of securities, planning to issue a total of 10 million securities, including 5 million options and 5 million fully paid ordinary shares. This move is aimed at raising capital to support the company’s ongoing exploration and development activities, potentially enhancing its market position and providing further opportunities for growth.
Canterbury Resources Limited announced the acquisition of Molcopnick Pty Ltd, which holds the Jack Shay Project in central Queensland. The acquisition involves issuing 5 million ordinary shares and options, with completion expected by May 2025. The Jack Shay Project is considered promising for various mineralization styles, with two undrilled targets identified. The acquisition is set to enhance Canterbury’s exploration portfolio, complementing their ongoing projects in the region.
Canterbury Resources Limited has announced an updated Mineral Resource Estimate (MRE) for its Briggs Copper Project, showing a significant increase in resource tonnage and contained metals, including copper and molybdenum. The update includes a notable portion of resources now classified as Indicated, which enhances the project’s financial viability and supports the potential for a starter-pit. Further drilling is planned to expand and upgrade the resource, with a Scoping Study set for mid-2025 completion.
Canterbury Resources Limited has announced outstanding results from metallurgical test work at its Briggs Copper Project in Queensland, achieving high copper and molybdenum recoveries into marketable concentrates. The test work, which included locked cycle froth flotation, demonstrated copper recoveries of up to 95% and molybdenum recoveries up to 73%, with potential for further optimization. These results enhance the project’s development potential, suggesting lower processing costs and a viable processing flowsheet. An updated Mineral Resource Estimate and Scoping Study results are expected in mid-2025, which could significantly impact the company’s operations and industry positioning.