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Eastern Metals Limited
(Sydney:EMS)
Eastern Metals Limited (EMS) vs. iShares MSCI Australia ETF (EWA)
Eastern Metals Limited Business Overview & Revenue Model
Eastern Metals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 432.39K | 432.39K | 50.00K | 10.46K | 362.00 | 66.00 |
| Gross Profit | 432.39K | 432.39K | 50.00K | 1.14K | -4.11K | 66.00 |
| EBITDA | -1.79M | -1.79M | -1.88M | -2.49M | -2.94M | 89.10K |
| Net Income | -1.80M | -1.80M | -1.89M | -2.49M | -2.94M | -445.45K |
Balance Sheet | ||||||
| Total Assets | 1.23M | 1.23M | 2.17M | 3.41M | 4.85M | 511.15K |
| Cash, Cash Equivalents and Short-Term Investments | 276.07K | 276.07K | 1.05M | 2.36M | 3.89M | 380.60K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.15K |
| Total Liabilities | 317.26K | 317.26K | 218.93K | 132.52K | 524.08K | 540.21K |
| Stockholders Equity | 911.37K | 911.37K | 1.95M | 3.27M | 4.33M | -29.06K |
Cash Flow | ||||||
| Free Cash Flow | -1.93M | -1.93M | -1.80M | -2.81M | -2.42M | -159.76K |
| Operating Cash Flow | -1.92M | -1.92M | -1.80M | -2.73M | -1.72M | -119.79K |
| Investing Cash Flow | 462.10K | 462.10K | 0.00 | -90.58K | -776.32K | -69.97K |
| Financing Cash Flow | 686.60K | 686.60K | 484.24K | 1.29M | 6.01M | 570.36K |
Eastern Metals Limited Technical Analysis
Eastern Metals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$21.79M | -4.48 | -61.72% | ― | ― | 8.81% | |
48 Neutral | AU$6.79M | -3.87 | -25.70% | ― | -100.00% | 80.33% | |
47 Neutral | AU$25.48M | -1.41 | -125.70% | ― | ― | 32.44% | |
45 Neutral | AU$9.23M | -0.29 | -93.45% | ― | ― | 27.01% | |
45 Neutral | AU$6.89M | -1.16 | -135.06% | ― | ― | 30.99% | |
36 Underperform | AU$8.32M | -0.74 | -145.66% | ― | ― | 34.61% |
Eastern Metals Limited Corporate Events
Eastern Metals has recommenced trading on the ASX following its acquisition of Raptor Resources, completing its transition into a copper-focused explorer and positioning the soon-to-be-renamed Raptor Metals Ltd to target high-grade copper, zinc and other base metals in Canada’s Bathurst Mining Camp. Backed by a $5 million capital raising and an $11.85 million market capitalisation, the company plans immediate drilling at its flagship Chester Project and broader systematic exploration across its Canadian portfolio, aiming to grow resources and enhance shareholder returns in a proven VMS district.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited (ASX: EMS) has had the suspension of trading in its securities lifted by the ASX, allowing the company’s shares to resume quotation from the start of trading on Friday, 9 January 2026. The reinstatement follows Eastern Metals’ successful re-compliance with Chapters 1 and 2 of the ASX Listing Rules, signalling that the company now meets the exchange’s requirements for admission and ongoing listing, which may restore market access and trading liquidity for its investors.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited has announced that long-time substantial shareholders Robert and Pamela Duffin, through their controlled entities REC Investment Management and Irrawaddy Investments, have ceased to be substantial holders in the company. Their relevant interests fell below the substantial holding threshold following a 1-for-2 share consolidation and subsequent share issues that diluted their holdings, with no consideration paid for the change. The move reflects a shift in the company’s shareholder register and may signal a broader redistribution of ownership as Eastern Metals restructures its capital base to support its ongoing exploration and development activities.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited, to be renamed Raptor Metals Ltd, has completed its public offer, raising the maximum subscription of A$5 million and issuing 250 million new shares with free-attaching options, alongside a suite of additional securities tied to project consideration, placements, conversions and lead manager arrangements. The company has also finalised the acquisition of approximately 94.7% of Raptor Resources Limited under its bid implementation agreement and has begun the compulsory acquisition process for the remaining shares, resulting in a significantly expanded capital base of 592.4 million shares, 327.4 million options and 165.8 million performance rights, with a substantial portion of these securities subject to escrow restrictions designed to support an orderly market as the company seeks re-admission to the ASX and advances its enlarged portfolio of resource assets.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited has disclosed its top 20 shareholders, showing a relatively diverse register without a single controlling investor. The largest holders include Canadian Copper Inc and Puma Exploration Inc, alongside several private investment entities and individual investors, underscoring a spread of ownership across institutional, corporate and high-net-worth shareholders.
The top 20 shareholders collectively control 223.1 million shares, or about 37.7% of the company’s 592.4 million shares on issue, indicating that a significant proportion of the company remains widely held outside this group. The presence of resources-focused companies among the major holders may reflect strategic or industry-aligned investment interest, while the absence of a dominant stake suggests ongoing influence will likely be shared among multiple investors, which can affect governance dynamics and future capital market activity.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited has released an analysis of its shareholdings as at 22 December 2025, showing a total of 964 shareholders holding 592.4 million fully paid ordinary shares, including escrowed securities with 12- and 24-month restrictions. The data indicate that ownership is highly concentrated among larger investors, with more than 96% of the issued capital held in parcels above 100,000 shares, underscoring a limited free float among smaller holders and a capital structure dominated by substantial positions that may influence trading liquidity and shareholder dynamics.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited has introduced a Securities Trading and Trading Windows Policy to regulate how its directors, officers, employees and key contractors trade in the company’s securities. The policy aligns with Australian Corporations Act provisions and ASX Listing Rules, particularly around insider trading and the handling of material non‑public, price-sensitive information. It sets clear restrictions on when and how “Restricted Persons” may deal in Eastern Metals securities or those of other listed entities, and outlines procedures, declarations and additional rules such as bans on hedging unvested entitlements and margin lending. The move aims to strengthen corporate governance, reduce legal and reputational risk, and provide clearer compliance frameworks for insiders and stakeholders engaging with the company’s securities.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited has detailed its current corporate governance framework, confirming its adoption, where appropriate to its size and nature, of the ASX Corporate Governance Council’s Principles and Recommendations, and outlining the Board’s role in overseeing strategy, risk management, internal controls and performance on behalf of shareholders. The company currently operates with an independent non-executive chairman and two independent non-executive directors, but has flagged significant board and key management changes contingent on completing a proposed acquisition of Raptor Resources Limited, including appointing Brett Wallace as managing director, Adam Sierakowski as independent non-executive chair, changes to non-executive director roles, and a new company secretary, underscoring a potential strategic shift in leadership and direction if the transaction proceeds.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited has outlined the rules of a new Employees and Officers Share Option Plan, setting a formal framework under which employees, officers and certain consultants of the group can be granted options to subscribe for company shares. The plan defines key terms such as eligible participants, associated companies, option exercise price, expiry periods and market value calculations, providing a structured, ASX-compliant mechanism for equity incentives that is likely aimed at supporting staff retention, performance alignment and long‑term value creation for stakeholders.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Raptor Resources Limited has lodged its financial statements and associated reports for the year ended 30 June 2025 with the Australian Securities & Investments Commission, confirming that the accounts have been audited by Hall Chadwick WA Audit Pty Ltd. The auditor issued an unmodified opinion, indicating no qualification, adverse, or disclaimed conclusion, but included an Emphasis of Matter or Other Matter paragraph, signaling that certain aspects of the company’s situation or accounting treatments warranted specific attention, which may be closely scrutinised by investors and regulators as they assess the company’s financial position and risk profile.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited has released its annual report for the year ended 30 June 2024. The report package comprises the directors’ report, audited consolidated financial statements, notes to the accounts, disclosure statements and the independent auditor’s report, providing shareholders and stakeholders with a comprehensive view of the company’s financial performance, position and governance over the past year, but without revealing any detailed results or commentary in this notice itself.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited is seeking to raise between A$4 million and A$5 million through a public offer of 200 million to 250 million new shares at A$0.02 each as part of its planned transformation and rebranding to Raptor Metals Ltd. The capital raising, which is not underwritten and is subject to several conditions, is intended to support the company’s revamped operational strategy and facilitate its re-compliance with ASX admission rules following the shift in its business activities, signalling a high-risk but potentially pivotal step for its future market positioning and for existing and prospective shareholders.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited, which is to be renamed Raptor Metals Ltd, has set out a revised company constitution that formalises its governance framework as a listed entity. The document details rules around share capital issuance, including preference shares and employee incentive schemes, the handling of restricted securities and small shareholdings, procedures for share transfers and transmission, and mechanisms such as proportional takeover approval, all aimed at aligning the company’s corporate structure and shareholder rights with regulatory and market standards.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited, soon to be renamed Raptor Metals Ltd, has lodged an Information Form and Checklist with the ASX in support of its listing application, outlining the technical and compliance framework underpinning its mining exploration projects. The company confirms that all exploration targets, results, mineral resource and ore reserve estimates referenced in its offer documentation are prepared and reported under the 2012 JORC Code by named competent persons, with their qualifications, professional memberships, consent statements and potential conflicts of interest fully disclosed, and supported by Independent Geologist Reports compiled in accordance with the VALMIN Code; this comprehensive disclosure is aimed at assuring regulators and investors of the robustness and independence of the company’s technical assessments as it progresses toward an ASX listing.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited has lodged the required information with ASX to support its admission as an ASX Listing and will rebrand as Raptor Metals Ltd as part of a broader transaction involving the acquisition of Raptor Resources Limited. Upon completion of the transaction, associated offers and reinstatement, the company will concentrate on exploration and development of its gold, copper and base metals projects across Canada and Australia, signalling a strategic repositioning towards a more diversified, international portfolio that could enhance its growth prospects and profile in the junior mining sector.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited, which intends to rebrand as Raptor Metals Ltd, has lodged an application for admission to the official list of the Australian Securities Exchange as an ASX Listing. The company is seeking quotation for an estimated maximum of 602,713,123 fully paid ordinary shares at the commencement of trading, a step that would provide it with a listed platform for future capital raising and potentially enhance liquidity and market profile for its shareholder base.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited is set to have its securities reinstated to trading on the ASX on 9 January 2026 after re-complying with key listing requirements, marking a return to public markets for the mining explorer. The company has raised A$5 million through the issue of 250 million new shares at A$0.02 each, taking its quoted share count to nearly 350 million, while a substantial portion of shares, options and performance rights will be held in escrow for 12 to 24 months. This structure underscores a focus on longer-term alignment between management, early investors and the broader market, and positions Eastern Metals with fresh capital and tightened governance settings as it pursues its exploration strategy.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited has disclosed a change in director Adam Sierakowski’s interests in the company’s securities, detailing both direct and multiple indirect holdings through associated entities and structures. The notice records that Sierakowski previously held no securities and has now been issued fully paid ordinary shares, unquoted options and performance rights, with additional indirect holdings via several beneficiary and corporate relationships, signalling a material alignment of the director’s financial interests with the company’s equity performance over the coming years.
The most recent analyst rating on (AU:EMS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Eastern Metals Limited stock, see the AU:EMS Stock Forecast page.
Eastern Metals Limited has announced that its public offer for re-compliance with ASX rules has closed oversubscribed, raising $5 million. The funds will bolster its project advancements and satisfy conditions for re-admission to the ASX, with the company actively collaborating with the exchange to finalize the process, reflecting strong investor confidence and positioning for future growth.
Eastern Metals Limited has announced a third extension of its public offer period under its Re-compliance Prospectus, now closing on 17 December 2025. This extension aims to provide additional time for investors to apply for shares, with the company’s shares anticipated to be reinstated for trading on the ASX by 29 December 2025. Additionally, the company has updated its contact details and office location, reflecting its ongoing operational adjustments.
Eastern Metals Limited has announced that its offer for a complete takeover of Raptor Resources Limited is now wholly unconditional, following the fulfillment and waiver of all defeating conditions. With a voting power of 94.6% in Raptor, this strategic move positions Eastern Metals to strengthen its market position and expand its operational capabilities in the mining sector.
Eastern Metals Limited has announced that its takeover offer for Raptor Resources Limited is now unconditional and will proceed to compulsory acquisition. With more than 90% of Raptor shares acquired, Eastern Metals will complete the acquisition process, including board reconstitution, which involves new appointments and resignations, to align with its strategic goals.
Eastern Metals Limited announced a change in the director’s interest notice, specifically regarding Mark Dugmore’s indirect interest in securities. The notice detailed the expiry of 500,000 unlisted options held by Mareko Pty Ltd as trustee for Gold Investment Trust, with no new acquisitions or disposals reported. This change signifies a reduction in the director’s indirect holdings, potentially impacting the company’s governance and stakeholder perceptions.
Eastern Metals Limited announced the cessation of 1,000,000 securities due to the expiration of options or other convertible securities without exercise or conversion as of December 7, 2025. This development may impact the company’s capital structure and could have implications for its financial strategy, potentially affecting stakeholders’ interests and the company’s market positioning.
Eastern Metals Limited has announced a fifth extension of its offer period for the off-market takeover of Raptor Resources Limited, now set to close on 19 December 2025. This extension allows shareholders more time to consider the offer, and those who have already accepted can withdraw their acceptance due to the extended timeline. The extension reflects the company’s strategic move to secure the acquisition, impacting its operational focus and potentially altering its industry positioning.
Eastern Metals Limited has announced a second extension of its public offer closing date to December 15, 2025, as part of its re-compliance prospectus. This extension is intended to provide additional time for investors to apply for shares, aligning with the company’s strategic move to acquire Raptor Resources Limited. The anticipated re-instatement of the company’s shares on the ASX is set for December 19, 2025, with flexibility in dates subject to regulatory compliance. This move is significant for stakeholders as it reflects the company’s efforts to strengthen its market position and operational capabilities.
Eastern Metals Limited held its annual general meeting on November 28, 2025, where resolutions concerning company governance and operations were discussed. Resolutions 1 to 4 were successfully passed, while Resolution 5 was withdrawn due to the continued service of directors M. Dugmore and G. Starr. Resolution 6 was also withdrawn as it was contingent on the voting outcome of Resolution 1, which did not meet the necessary opposition threshold.
Eastern Metals Limited has announced a fourth extension of its offer period for the takeover of Raptor Resources Limited, now set to close on 17 December 2025. This extension allows more time for stakeholders to consider the offer, potentially impacting the company’s strategic positioning in the mining sector and influencing shareholder decisions.
Eastern Metals Limited has announced an extension of its public offer closing date under its Re-compliance Prospectus to December 4, 2025, allowing more time for investors to apply for shares. This extension is part of the company’s strategic steps towards re-instating its shares for trading on the ASX and completing its off-market takeover of Raptor Resources Limited, which could impact its market positioning and stakeholder interests.
Eastern Metals Limited announced an update regarding its in-specie distribution of Australian Gold and Copper Ltd shares to its eligible shareholders. The distribution calculation was adjusted based on the actual 5-day volume weighted average price of AGC shares, resulting in a revised ratio of 1 AGC share for every 37.347 EMS shares held, impacting the total number of shares distributed to shareholders.
Eastern Metals Limited has announced a third extension of its offer period for the takeover of Raptor Resources Limited, with the new closing date set for December 8, 2025. This extension reflects the company’s strategic efforts to secure shareholder approval and fulfill conditions necessary for the acquisition, potentially enhancing its market position and operational capabilities.
Eastern Metals Limited has announced the fulfillment of key conditions for its takeover bid of Raptor Resources Limited, marking a significant step in the acquisition process. The completion of these conditions, including the Minimum Acceptance Condition and EMS Shareholder Approval Condition, positions the company to proceed with its strategic expansion, potentially enhancing its market positioning and offering implications for stakeholders involved.
Eastern Metals Limited, soon to be renamed Raptor Metals Ltd, has announced a second extension of its offer period for the off-market takeover of Raptor Resources Limited. The offer, initially detailed in a bidder’s statement dated 15 October 2025, will now close on 1 December 2025, unless further extended. This extension allows more time for Raptor shareholders to consider the offer and for Eastern Metals to address any remaining conditions. The extension reflects Eastern Metals’ strategic commitment to acquiring Raptor Resources, potentially impacting its market positioning and stakeholder interests.
Eastern Metals Limited has completed the sale of its Cobar Project tenements to Australian Gold and Copper Ltd, receiving approximately 6.933 million shares valued at $1.3 million. The company plans to distribute a portion of these shares to its shareholders and is preparing for a capital raising initiative as part of its transaction with Raptor Resources Limited. This strategic move is expected to impact EMS’s market positioning and shareholder value.
Eastern Metals Limited has announced an extension of its offer period for the off-market takeover of Raptor Resources Limited. The offer, initially set to close earlier, will now remain open until 7:00 pm AEDT on 24 November 2025. This extension allows more time for Raptor shareholders to consider the offer, potentially impacting the company’s strategic positioning and stakeholder interests.
Eastern Metals Limited announced the results of its general meeting held on 7 November 2025, where all resolutions were passed by a poll. The resolutions included significant decisions such as the approval of a change in company name, adoption of a new constitution, and various approvals related to share issuances and director elections. These outcomes are likely to influence the company’s strategic direction and operational activities, potentially impacting stakeholders and market positioning.
Eastern Metals Limited has made significant progress in its corporate activities during the September 2025 quarter, including advancing the acquisition of Raptor Resources Limited and selling its Browns Reef Project to Australian Gold and Copper Ltd. The company plans to raise capital through a share placement, which requires shareholder approval, and expects the sale of Browns Reef to provide immediate financial benefits to shareholders while maintaining strategic investment in the project.
Eastern Metals Limited has announced its upcoming Annual General Meeting, scheduled for November 28, 2025, to be held in person in Sydney. The meeting will provide shareholders with detailed information on participation and voting procedures, emphasizing the company’s commitment to transparency and shareholder engagement.
Eastern Metals Limited, transitioning to Raptor Metals Ltd, is issuing a prospectus to raise up to $5 million through the public offer of shares. This initiative is part of the company’s strategy to re-comply with ASX listing rules following a change in its business activities. The offer is not underwritten and carries significant investment risks, highlighting the speculative nature of the securities.
Eastern Metals Limited has announced its intention to acquire Raptor Resources Limited through an off-market takeover offer. The offer, which includes a scrip consideration, is contingent upon a 90% minimum acceptance condition, ensuring that the merger will only proceed if Eastern Metals can acquire all of Raptor’s issued share capital. This strategic move is expected to enhance Eastern Metals’ market position and resource base, potentially benefiting stakeholders by expanding its operational capabilities.