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Copper Search Ltd. (AU:CUS)
ASX:CUS
Australian Market

Copper Search Ltd. (CUS) AI Stock Analysis

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AU

Copper Search Ltd.

(Sydney:CUS)

Rating:36Underperform
Price Target:
Copper Search Ltd. presents a high-risk profile with significant financial challenges. The company is struggling with operational losses, lack of revenue, and negative cash flows, which hampers its financial performance. The technical analysis suggests bearish momentum, while valuation metrics reflect the company's current loss-making situation. Overall, the stock is positioned in a high-risk category due to these factors.

Copper Search Ltd. (CUS) vs. iShares MSCI Australia ETF (EWA)

Copper Search Ltd. Business Overview & Revenue Model

Company DescriptionCopper Search Limited engages in the exploration of minerals exploration tenements located in South Australia. Its flagship project includes the Peake Project that comprises copper-gold deposits covering an area of 5,560 square kilometers located in the Northern Gawler Craton, South Australia. The company was incorporated in 2021 and is based in Magill, Australia.
How the Company Makes MoneyCopper Search Ltd. makes money primarily through the exploration and development of copper mining projects. Its revenue model is based on discovering viable copper deposits and then either selling these deposits to larger mining companies or developing the mines themselves to extract and sell copper. Key revenue streams include the sale of mineral rights, joint ventures with major mining companies, and the eventual sale of extracted copper. The company's earnings are significantly influenced by global copper prices, exploration success rates, and strategic partnerships with industry players who can provide the necessary capital and expertise for mine development.

Copper Search Ltd. Financial Statement Overview

Summary
Copper Search Ltd. is in a challenging financial position characterized by consistent operational losses and lack of revenue generation. While the balance sheet reveals a stable equity position with low leverage, the ongoing negative cash flows and lack of revenue growth highlight significant risks. The company appears to be in a developmental or exploratory phase, heavily reliant on external funding for sustenance.
Income Statement
10
Very Negative
Copper Search Ltd. has reported zero revenue consistently over the years, leading to a lack of gross and net profit margins. The company's EBIT and EBITDA margins are negative, reflecting losses from operations. The absence of revenue growth indicates a challenging business environment or a development stage with high operational costs.
Balance Sheet
45
Neutral
The company maintains a low debt-to-equity ratio, indicating conservative leverage. However, the return on equity is negative due to persistent net losses. The equity ratio is healthy, suggesting a solid equity base relative to assets, which provides some financial stability amid ongoing losses.
Cash Flow
30
Negative
Copper Search Ltd. demonstrates negative free cash flow growth, showcasing challenges in generating cash from operations after capital expenditures. The operating cash flow to net income ratio is negative, indicating operational inefficiencies or development phase issues. Financing activities have been the primary cash source, highlighting reliance on external funding.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
-14.23K0.000.000.000.000.00
Gross Profit
-155.37K-79.93K-59.90K-11.38K0.000.00
EBIT
-2.64M-5.21M-4.09M-3.45M-412.00K-63.11K
EBITDA
-3.63M-5.12M-4.01M-3.27M-1.05M687.00
Net Income Common Stockholders
-3.80M-5.06M-3.54M-3.17M-915.00K-673.80K
Balance SheetCash, Cash Equivalents and Short-Term Investments
1.85M3.85M5.78M3.87M905.02K502.05K
Total Assets
2.45M4.77M6.68M9.62M1.18M506.36K
Total Debt
47.90K60.40K84.70K86.68K0.000.00
Net Debt
-1.80M-3.79M-5.70M-3.78M-905.02K-502.05K
Total Liabilities
232.67K625.81K709.64K365.17K165.94K72.90K
Stockholders Equity
2.22M4.14M5.97M9.25M1.01M433.46K
Cash FlowFree Cash Flow
-3.37M-4.91M-3.10M-2.96M-767.37K-148.35K
Operating Cash Flow
-3.35M-4.82M-2.84M-2.82M-767.37K-148.35K
Investing Cash Flow
-34.85K-93.82K4.75M-5.15M0.000.00
Financing Cash Flow
1.93M2.98M-37.75K10.93M1.17M373.00K

Copper Search Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.02
Negative
100DMA
0.03
Negative
200DMA
0.03
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
0.51
Positive
STOCH
111.11
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CUS, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 0.51 is Positive, neither overbought nor oversold. The STOCH value of 111.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CUS.

Copper Search 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
$2.03B-1.27-21.09%3.98%2.91%-30.50%
AUCUS
36
Underperform
AU$2.52M-125.14%45.82%
$3.41B39.005.11%
DEW5E
€28.43M-2.73%
DEAYR
AUHAV
60
Neutral
AU$62.76M18.006.01%8.70%11.11%
AURML
44
Neutral
AU$18.30M-27.37%51.38%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CUS
Copper Search Ltd.
0.02
-0.06
-75.00%
SFRRF
Sandfire Resources Limited
7.43
1.87
33.63%
DE:W5E
Peel Mining Limited
0.05
-0.02
-28.57%
DE:AYR
Cyprium Metals Limited
AU:RML
Resolution Minerals Ltd.
0.04
0.02
100.00%
AU:HAV
Havilah Resources Limited
0.18
<0.01
5.88%

Copper Search Ltd. Corporate Events

Copper Search Ltd. Expands Exploration with Byrock Project Acquisition
Apr 24, 2025

Copper Search Ltd. has acquired the Byrock Copper-Gold Project in the Lachlan Fold Belt, NSW, marking a significant step in its exploration strategy. The company has initiated geophysics and seismic surveys to validate large-scale targets, aligning with its goal to build a pipeline of pre-discovery drill targets. Additionally, Copper Search has entered a JV agreement with Nimrod Resources Limited to earn a 75% interest in the Byrock Project, while also reviewing the Heavy Mineral Sands potential of the Peake Project in South Australia. The company’s cash position as of March 2025 stands at $1.3 million.

Copper Search Ltd. Advances Exploration at Byrock Project
Mar 31, 2025

Copper Search Ltd. has announced significant progress in its Byrock Project, with ongoing field assessments and geophysics programs aimed at validating key copper-gold porphyry and Cobar-style targets. The company has completed several geophysical surveys and is preparing for drill target validation and further analysis, with results expected in the coming weeks. This development underscores the project’s potential and aligns with recent exploration commitments in the region, highlighting opportunities for investors.

Copper Search Ltd. Advances Exploration at Byrock Project
Mar 2, 2025

Copper Search Ltd. has announced a series of exploration activities for March and April 2025, focusing on the Byrock Project in New South Wales. The company plans to conduct field assessments, validate drill targets, and engage in geophysical surveys to identify potential copper-gold porphyry and orogenic gold targets. The recent signing of an exclusive agreement to earn a 75% interest in the Byrock Project and ongoing engagements with landowners highlight the strategic importance of this project. These efforts aim to enhance Copper Search’s position in the copper-gold mining sector, potentially offering significant opportunities for investors.

Copper Search Limited Announces Director’s Interest Change
Feb 28, 2025

Copper Search Limited has announced a change in the director’s interest, specifically involving Duncan Chessell. The change includes the acquisition of 1,063,710 shares through the exercise of rights and the acquisition of 1,540,000 rights as remuneration, while 715,290 rights lapsed. This adjustment in shareholding and rights is part of the company’s ongoing management of its securities and could influence its market positioning and stakeholder interests.

Copper Search Ltd. Issues Over 1.2 Million New Shares
Feb 28, 2025

Copper Search Ltd. has issued 1,257,210 fully paid ordinary shares following the exercise of unquoted performance rights. This action was undertaken without disclosure to investors under specific provisions of the Corporations Act, and the company confirms compliance with relevant legislative requirements. The issuance is part of the company’s ongoing capital management strategy, potentially impacting its market positioning and shareholder value.

Copper Search Limited Announces Quotation of New Securities on ASX
Feb 28, 2025

Copper Search Limited has announced the application for quotation of 1,257,210 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective February 28, 2025. This move is part of the company’s strategic efforts to enhance its capital structure, potentially improving its market position and providing additional resources for its exploration activities.

Copper Search Ltd. Issues Performance Rights to Boost Employee Engagement
Feb 28, 2025

Copper Search Ltd. has announced the issuance of 1,974,000 unquoted performance rights as part of an employee incentive scheme. This move is likely aimed at aligning employee interests with company goals and could enhance operational performance, potentially strengthening the company’s position in the competitive mining sector.

Copper Search Ltd. Releases Half-Year Financial Report
Feb 26, 2025

Copper Search Ltd. has released its financial report for the half year ending December 31, 2024. The report includes comprehensive financial statements, such as the consolidated statement of profit or loss, financial position, changes in equity, and cash flows, providing stakeholders with a detailed overview of the company’s financial health and operational performance during this period.

Copper Search Ltd. Unveils Strategic Expansion and New Initiatives
Feb 19, 2025

Copper Search Ltd. announced its strategic focus on a multi-target exploration approach aimed at developing large-scale drill targets across various projects and commodities. This strategy underscores the company’s commitment to leveraging geological domains with established profitable mines. The company also revealed an expanded team and a new project initiative, which are expected to enhance its operational capacity and market positioning. These developments, alongside a proposed company name change, reflect Copper Search Ltd.’s efforts to strengthen its industry presence and potentially improve shareholder value.

Copper Search Ltd. Expands Capital Structure with New Share Issuance
Feb 13, 2025

Copper Search Ltd. has announced the issuance of over 3.5 million fully paid ordinary shares as part of a project option payment and the exercise of performance rights by an employee. This move is part of a strategic effort to bolster the company’s capital structure, positioning it for future growth and enhancing its financial flexibility. The announcement indicates that Copper Search Ltd. is actively engaging in activities that may influence its market position and stakeholder interests.

Copper Search Ltd. Expands Market Presence with New Securities Issuance
Feb 13, 2025

Copper Search Limited announced the issuance of 327,500 ordinary fully paid securities to be quoted on the Australian Securities Exchange (ASX) as of February 14, 2025. This move indicates the company’s continued efforts to expand its financial capabilities and enhance its market presence, potentially impacting its operational growth and stakeholder engagement.

Copper Search Ltd. Announces New Security Issuance
Feb 13, 2025

Copper Search Ltd. has announced the issuance of 3,230,000 ordinary fully paid securities, effective from February 14, 2025. This move is part of a previously announced transaction, and the listing on the ASX signifies a potential increase in market activity and stakeholder engagement for the company.

Copper Search Ltd. Announces Planned Issue of 3.23 Million Securities
Feb 10, 2025

Copper Search Limited has announced the proposed issue of 3,230,000 ordinary fully paid securities, set to be issued on February 14, 2025. This move is intended to support the company’s financial strategy and could enhance its market position by potentially increasing capital for future exploration and development projects, affecting stakeholders who have interests in the company’s growth and market performance.

Copper Search Ltd. Secures Byrock Project in Strategic Expansion
Feb 10, 2025

Copper Search Ltd. has secured a new exploration project, the Byrock Project, in the Lachlan Fold Belt, NSW, which is prospective for large-scale copper-gold porphyry deposits. The company has entered into an agreement with Nimrod Resources Limited to earn up to a 75% interest in the project. This project forms part of Copper Search’s refined strategy to identify large-scale economic deposits, leveraging their proprietary machine learning systems. The initiative is expected to fast-track drilling opportunities and maximize shareholder value, with drilling planned to commence in Q3 2025, subject to permitting.

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.