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Corella Resources Ltd (AU:CR9)
ASX:CR9
Australian Market

Corella Resources Ltd (CR9) AI Stock Analysis

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Corella Resources Ltd

(Sydney:CR9)

Rating:35Underperform
Price Target:
Corella Resources Ltd's financial performance is the most significant factor impacting its stock score, with zero revenue and substantial operational losses posing serious sustainability concerns. Technical analysis provides no clear market direction, and the negative P/E ratio highlights valuation challenges. Without improvement in revenue generation or profitability, the stock faces continued pressure.

Corella Resources Ltd (CR9) vs. iShares MSCI Australia ETF (EWA)

Corella Resources Ltd Business Overview & Revenue Model

Company DescriptionCorella Resources Ltd engages in the exploration of silica and other minerals. Its flagship property is the Tampu Kaolin project comprises three granted exploration licenses covering an area of approximately 768.03 square kilometers located in north-east of Perth, Western Australia. The company was formerly known as HPAA Pty Ltd and changed its name to Corella Resources Limited in April 2021. Corella Resources Ltd is based in Subiaco, Australia.
How the Company Makes MoneyCorella Resources Ltd generates revenue by extracting and selling high-purity kaolin and silica sand from its mining operations. The company targets industries that require these materials for manufacturing and processing, such as the ceramics, paints, and coatings sectors. Revenue is primarily derived from contracts and sales agreements with industrial clients who utilize kaolin and silica sand in their production processes. Additionally, Corella Resources may engage in partnerships or joint ventures to expand its mining capabilities and market reach, contributing to its overall earnings.

Corella Resources Ltd Financial Statement Overview

Summary
Corella Resources Ltd faces significant financial challenges with zero revenue and consistent operational losses. While its balance sheet shows low leverage, the lack of revenue generation and negative cash flows highlight ongoing sustainability issues. The company needs to enhance its revenue streams to improve its financial health and reduce reliance on external financing.
Income Statement
20
Very Negative
Corella Resources Ltd has reported zero revenue for consecutive years, which is a significant concern for future profitability and growth. The company is incurring substantial losses, reflected in negative EBIT and net income figures. The absence of revenue growth and negative profit margins highlight operational and financial challenges.
Balance Sheet
30
Negative
The balance sheet shows a relatively strong equity position with low debt levels, as evidenced by a low debt-to-equity ratio. However, the consistent negative net income affects the return on equity, which remains negative. The company's equity ratio is strong, indicating a stable financial structure, but the declining asset base and equity suggest potential future risks.
Cash Flow
25
Negative
The cash flow statement reveals consistent negative free cash flow and operating cash flow, indicative of challenges in generating cash internally. Capital expenditures have been high relative to cash inflows, further straining liquidity. Although cash flows from financing were positive in prior years, reliance on external funding is unsustainable without revenue generation.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
0.00-755.000.000.000.000.00
EBIT
-1.10M-929.54K-689.81K-978.86K-717.32K
EBITDA
-1.10M0.000.000.000.00
Net Income Common Stockholders
-1.24M-884.33K-766.91K-1.40M-717.82K
Balance SheetCash, Cash Equivalents and Short-Term Investments
86.18K724.78K2.45M3.31M4.87M722.99K
Total Assets
3.25M3.70M4.87M4.46M5.30M793.79K
Total Debt
29.35K5.23K302.001.07K3.61K10.00K
Net Debt
-38.69K-705.94K-2.42M-3.27M-4.76M-162.34K
Total Liabilities
218.94K185.75K209.30K96.46K218.85K197.86K
Stockholders Equity
3.03M3.52M4.66M4.36M5.08M595.93K
Cash FlowFree Cash Flow
-1.71M-1.96M-1.41M-710.57K-17.46K
Operating Cash Flow
-1.07M-758.91K-654.82K-473.10K-2.74K
Investing Cash Flow
-402.55K-644.00K-1.20M-751.85K427.68K-14.72K
Financing Cash Flow
4.98K1.11M-80.74K4.80M242.59K

Corella Resources Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
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%
AUCR9
35
Underperform
AU$2.01M-32.48%-5.00%
$288.01M-33.33%
$43.02M-29.78%
$22.69M-56.94%
AUVRX
56
Neutral
AU$49.32M-20.25%23.46%
AURNU
46
Neutral
AU$155.13M84.291.05%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CR9
Corella Resources Ltd
0.01
0.00
0.00%
ARAFF
Arafura Resources
0.11
-0.02
-15.38%
ARRXF
Archer Materials
0.18
-0.07
-28.00%
UREQF
DevEx Resources Ltd
0.10
-0.14
-58.33%
AU:RNU
Renascor Resources Limited
0.06
-0.03
-33.33%
AU:VRX
VRX Silica Ltd.
0.07
0.03
75.00%

Corella Resources Ltd Corporate Events

Corella Resources Ltd Expands Capital Through Additional Placement
May 2, 2025

Corella Resources Ltd has announced an additional placement following a successful rights issue, raising approximately $1,072,363 before costs. This move allows the company to capitalize on significant interest from sophisticated investors who were unable to participate in the initial offer, thereby enhancing its financial position and market reach.

Corella Resources Ltd Announces Proposed Securities Issue
May 2, 2025

Corella Resources Ltd announced a proposed issue of securities, involving the issuance of 68,438,115 ordinary fully paid shares and free attaching options. This move is aimed at raising capital, potentially impacting the company’s market positioning by providing additional financial resources for its operations and growth initiatives.

Corella Resources Completes Rights Issue and Evaluates Tampu Project
Apr 30, 2025

Corella Resources Ltd successfully completed a fully underwritten rights issue, raising $935,487 to support its working capital and project assessments. The company is evaluating further exploration and research activities for the Tampu Project and remains open to new ventures that could enhance shareholder value. Additionally, Corella made a partial surrender of certain tenements due to statutory requirements, and its cash position at the end of March 2025 was $24,000.

Corella Resources Issues Unquoted Securities
Apr 28, 2025

Corella Resources Ltd has announced the issuance of 300,579,550 unquoted securities, specifically options set to expire on April 10, 2028, with an exercise price of $0.002. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s financial structure and stakeholder interests.

Corella Resources Completes Underwriter Shortfall Shares Issuance
Apr 28, 2025

Corella Resources Ltd has completed the issuance of underwriter shortfall shares as part of its non-renounceable entitlement offer, raising approximately $935,487 before costs. This completion strengthens the company’s financial position and supports its ongoing operational and strategic initiatives.

Corella Resources Ltd Announces Quotation of New Securities on ASX
Apr 28, 2025

Corella Resources Ltd has announced the quotation of 300,579,550 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code CR9. This move is part of a previously announced transaction, potentially enhancing the company’s liquidity and market presence, which could positively impact its operational capabilities and investor relations.

Corella Resources Ltd Announces Quotation of New Securities on ASX
Apr 28, 2025

Corella Resources Ltd has announced the quotation of 1,679,224 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code CR9. This move signifies the company’s strategic efforts to enhance its financial flexibility and potentially strengthen its position in the resources market, offering implications for stakeholders in terms of increased investment opportunities.

Corella Resources Announces Cessation of 50 Million Securities
Apr 28, 2025

Corella Resources Ltd announced the cessation of 50,000,000 securities due to the expiry of options or other convertible securities without exercise or conversion, effective April 20, 2025. This cessation may impact the company’s capital structure and could influence investor perceptions and market strategies.

Corella Resources Delays Issuance of Underwriter Shortfall Shares
Apr 16, 2025

Corella Resources Ltd has announced a delay in the issuance of underwriter shortfall shares from its fully underwritten entitlement offer due to administrative matters and an upcoming public holiday. The issuance, initially planned for 17 April 2025, is now rescheduled for 28 April 2025, with the company expecting to raise approximately $935,487 before costs through this offer, which will support its financial operations and market positioning.

Corella Resources Ltd Updates Director’s Interest
Apr 16, 2025

Corella Resources Ltd has announced a change in the director’s interest notice, specifically related to Peter Woods. The update reveals that Woods, through related entities, has increased his indirect interest in the company by acquiring additional fully paid ordinary shares and options. This change reflects a strategic move to leverage the non-renounceable rights issue, which could potentially strengthen Woods’ influence in the company and align with Corella’s broader financial strategies.

Corella Resources Announces Director’s Interest Change
Apr 16, 2025

Corella Resources Ltd has announced a change in the director’s interest, specifically involving Philip Re. The change includes the acquisition of 7,000,000 fully paid ordinary shares and 7,000,000 options, with a total of 9,000,000 fully paid ordinary shares and 4,500,000 options held after the change. This adjustment was made through the take-up of entitlement under a non-renounceable rights issue, potentially impacting the company’s shareholding structure and director’s stake.

Corella Resources Issues Unquoted Securities
Apr 10, 2025

Corella Resources Ltd has announced the issuance of 167,163,883 unquoted securities, specifically options expiring on April 10, 2028. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s financial structure and stakeholder interests.

Corella Resources Ltd Announces Quotation of New Securities on ASX
Apr 10, 2025

Corella Resources Ltd has announced the quotation of 167,163,883 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective April 10, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the company’s capital base and facilitating future growth opportunities.

Corella Resources Completes Successful Rights Issue
Apr 10, 2025

Corella Resources Ltd has successfully completed a fully underwritten non-renounceable rights issue, raising $334,328 through the issuance of 167,163,883 new shares and an equal number of new options. The underwriter, CPS Capital Group Pty Ltd, will address the shortfall, resulting in an additional issuance of 300,579,550 new shares and options, raising a further $601,159. This capital raising effort is set to enhance Corella’s financial position and support its ongoing operations and strategic initiatives.

Corella Resources Announces Expiry of Quoted Options
Mar 26, 2025

Corella Resources Ltd has announced the expiry of 28,000,000 quoted options, trading under ASX Code CR9O, which are exercisable at $0.06. These options will expire on April 27, 2025, with official trading ceasing on April 16, 2025. The options are currently out of the money, and the company will not send personalized notices to option holders. If the market price of shares exceeds $0.06 before the expiry date, an option expiry notice will be sent to holders. The market price of the company’s shares was $0.002 as of March 25, 2025, highlighting a significant gap from the exercise price.

Corella Resources Announces $935,000 Rights Issue
Mar 17, 2025

Corella Resources Ltd has announced a non-renounceable rights issue to raise approximately $935,000. Eligible shareholders will receive one new share for every share held, along with a free attaching option. This move aims to strengthen the company’s financial position and potentially enhance its market operations.

Corella Resources Ltd Releases HY24 Interim Report
Mar 14, 2025

Corella Resources Ltd, listed on the Australian Securities Exchange under the code CR9, has released its interim report for the half-year ended 31 December 2024. The report includes various financial statements and declarations, providing insights into the company’s financial performance and position. This release is crucial for stakeholders as it offers a comprehensive overview of the company’s operations and financial health during the reported period.

Corella Resources Ltd Announces New Options Offering
Mar 13, 2025

Corella Resources Ltd has announced a target market determination for its new options offering, which includes a pro-rata non-renounceable entitlement issue and a lead manager options offer. The company aims to raise up to $935,487 through the entitlement issue, providing one free attaching option for every new share subscribed. The options, which are not listed on the ASX, are exercisable at $0.002 each with a three-year expiry. This initiative is targeted at investors with a short to medium-term outlook, seeking to increase their shareholding and exposure to potential future gains, although it is considered a highly speculative investment.

Corella Resources Announces Entitlement Issue to Raise $935,487
Mar 13, 2025

Corella Resources Ltd has announced a pro-rata non-renounceable entitlement issue to raise up to $935,487 by offering new shares at $0.002 each, with a free attaching option for every new share. The offer is fully underwritten by CPS Capital Group and partially sub-underwritten by a company director, with a separate offer of 200 million new options to the Lead Manager, subject to shareholder approval.

Corella Resources Announces Non-Pro Rata Securities Offer
Mar 12, 2025

Corella Resources Ltd has announced a proposed non-pro rata offer of securities, involving the issuance of 200 million lead manager options. These options are priced at $0.00001, exercisable at $0.002, and will expire three years from the date of issue. This move is part of the company’s strategy to raise capital and potentially enhance its market positioning. The offer is set to close on April 3, 2025, with the proposed issue date being June 12, 2025.

Corella Resources Announces New Securities Issue to Boost Operations
Mar 12, 2025

Corella Resources Ltd has announced a proposed issue of securities, involving a non-renounceable pro rata offer of 467,743,433 ordinary fully paid shares and free attaching options exercisable at $0.002 within three years. This move is aimed at raising capital to support the company’s ongoing operations and strategic initiatives, potentially strengthening its position in the resources industry and providing value to its stakeholders.

Corella Resources Ltd Announces $935,000 Rights Issue
Mar 12, 2025

Corella Resources Ltd has announced a fully underwritten non-renounceable rights issue to raise approximately $935,000. The capital raised will be used to maintain the company’s tenements and provide working capital. CPS Capital Group Pty Ltd will act as the lead manager and underwriter for the rights issue, with a portion sub-underwritten by a company director. The rights issue offers eligible shareholders one new share for every share held, along with an attaching option. The company is also considering a further placement of shares to enhance its working capital.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.