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Errawarra Resources Ltd.
(Sydney:ERW)
Errawarra Resources Ltd. (ERW) vs. S&P 500 (SPY)
Errawarra Resources Ltd. Business Overview & Revenue Model
Errawarra Resources Ltd. Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -74.01K | -51.30K | -21.38K | 0.00 | 0.00 | 0.00 | EBIT |
| ― | -2.53M | -2.75M | -3.36M | -3.26M | -62.01K | EBITDA |
| ― | -2.77M | -2.74M | 0.00 | -3.26M | 0.00 | Net Income Common Stockholders |
| ― | -2.81M | -2.58M | -3.36M | -3.26M | -42.87K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 674.06K | 1.84M | 1.35M | 3.42M | 3.50M | 5.35M | Total Assets |
| 995.86K | 2.34M | 1.45M | 3.46M | 3.59M | 6.29M | Total Debt |
| 45.54K | 70.02K | 36.98K | 0.00 | 0.00 | 379.40K | Net Debt |
| -405.30K | -1.48M | -1.22M | -3.30M | -3.38M | -4.90M | Total Liabilities |
| 519.35K | 584.44K | 722.11K | 958.51K | 305.93K | 19.57K | Stockholders Equity |
| 887.58K | 2.11M | 916.80K | 2.50M | 3.28M | 6.27M |
| Cash Flow | Free Cash Flow | ||||
| ― | -3.12M | ― | -1.27M | -2.10M | -40.29K | Operating Cash Flow |
| ― | -3.02M | -2.02M | -1.27M | -2.10M | -24.03K | Investing Cash Flow |
| 0.00 | -602.79K | 0.00 | -10.00K | 0.00 | -16.25K | Financing Cash Flow |
| ― | 3.91M | -23.34K | 1.19M | 5.47M | 56.80K |
Errawarra Resources Ltd. Technical Analysis
Errawarra Resources Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
49 Neutral | $1.98B | -1.10 | -21.24% | 3.61% | 1.31% | -31.23% | |
47 Neutral | AU$8.36M | ― | -174.10% | ― | ― | 32.35% | |
41 Neutral | AU$53.93M | ― | -5.23% | ― | ― | 54.26% | |
39 Underperform | AU$3.36M | ― | -23.53% | ― | ― | -31.82% | |
35 Underperform | AU$2.33M | ― | ― | ― | 22.22% | ||
34 Underperform | AU$6.20M | ― | -132.46% | ― | ― | -4.09% | |
32 Underperform | $17.70M | ― | -53.93% | ― | ― | -1133.33% |
Errawarra Resources Ltd. Corporate Events
Errawarra Resources Ltd. has acquired a 70% stake in the Elizabeth Hill Silver Project, along with associated tenements, marking a strategic expansion in the Pilbara region of Western Australia. This acquisition is expected to strengthen the company’s position with a high-grade silver asset, offering significant resource growth potential. The company has commenced field programs to identify additional silver targets, while maintaining a strong cash position following a recent capital raise. Future efforts will focus on advancing the Elizabeth Hill project, with minimal activities planned for other exploration projects.
Errawarra Resources Ltd has announced significant progress in its exploration activities at the Elizabeth Hill Silver Project, with high-priority drill targets being finalized and drilling expected to commence in approximately six weeks. The company is also undergoing a rebranding to West Coast Silver, reflecting its new focus on the Elizabeth Hill Silver Project, with a shareholder vote scheduled for May 19, 2025, to approve the transaction.
Errawarra Resources Ltd has announced amendments to the key terms of engagement with its Executive Director, Mr. Bruce Garlick, following a successful $3 million placement. This move aligns with the company’s growth strategy and aims to ensure ongoing executive retention and performance, reflecting Errawarra’s commitment to strengthening its leadership as it focuses on its battery metal projects in Western Australia.
Errawarra Resources Ltd. has announced a General Meeting to discuss several resolutions regarding the issuance and ratification of shares and options. The meeting will address the approval of issuing shares to Alien Metals, ratification of previously issued placement shares, and approval of further share placements and broker options. These resolutions are significant for the company’s capital structure and may impact its market operations and stakeholder interests.
Errawarra Resources Ltd has commenced fieldwork at its Elizabeth Hill Silver Project in Western Australia, marking the start of its inaugural drilling program. The company’s geological team is focusing on identifying and prioritizing high-grade silver targets within the historic mine and regional areas. This initiative follows Errawarra’s acquisition of a 70% interest in the Elizabeth Hill Mining Lease and associated silver rights. The fieldwork includes reviewing historical drill cores, conducting geochemical analyses, and planning infill soil sampling. These efforts aim to define targets for the upcoming drill campaign, which is set to begin in 6-8 weeks, potentially enhancing the company’s position in the silver mining sector.
Errawarra Resources Ltd has completed the first tranche of its two-part capital raise, issuing 23,380,166 fully paid ordinary shares at $0.027 per share, as part of a $3 million capital raising effort. The second tranche will require shareholder approval in May 2025. This capital raise is expected to support the company’s ongoing exploration and development activities, potentially enhancing its strategic positioning in the resource sector.
Errawarra Resources Ltd announced the quotation of 23,380,166 fully paid ordinary securities on the ASX, effective April 1, 2025. This move is part of previously announced transactions and signifies an expansion in the company’s market activities, potentially impacting its operational capacity and stakeholder interests.
Errawarra Resources Ltd. has announced a transformational acquisition of Australia’s highest-grade silver project, the Elizabeth Hill Silver Project. This acquisition, pending shareholder approval, positions the company to significantly enhance its operations and market presence in the silver mining sector, potentially impacting stakeholders by increasing resource availability and company valuation.
Errawarra Resources Ltd has announced a proposed issue of 136,363,636 ordinary fully paid securities, with the issue date set for May 31, 2029. This move is part of a placement or other type of issue, which could potentially impact the company’s market positioning by increasing its capital base and enhancing its ability to fund future projects.
Errawarra Resources Ltd has announced a proposed issue of securities, including options and performance rights, set to expire in May 2028, as well as ordinary fully paid shares. The issuance, scheduled for May 22, 2025, aims to enhance the company’s capital structure and potentially improve its market positioning by attracting investment and facilitating growth.
Errawarra Resources Ltd. has announced a significant acquisition of a 70% stake in the Elizabeth Hill Silver Project, located in the West Pilbara mining region of Western Australia. This acquisition, alongside a $3 million placement, positions the company to capitalize on the high-grade silver deposits and the potential for resource growth in a Tier 1 mining jurisdiction. The project, which ceased operations in 2000 due to low silver prices, is now poised for redevelopment with existing high-grade silver intercepts and a granted mining lease. The company plans to fast-track exploration and drilling activities, supported by a strong silver market and strategic partnerships with Alien Metals Limited and GreenTech Metals Limited. The acquisition is expected to enhance Errawarra’s exploration portfolio and provide low-cost operational opportunities, with the company proposing to rename itself West Coast Silver Limited.
Errawarra Resources Ltd, a company listed on the Australian Securities Exchange, has requested a trading halt on its securities. This decision is made to prevent uninformed trading and maintain an orderly market as the company prepares to announce potential acquisitions and a proposed capital raising. The halt will remain in effect until the announcement is made or until the start of trading on 24 March 2025.
Errawarra Resources Ltd has announced the transition of Bruce Garlick from a Non-Executive Director to an Executive Director, effective immediately. Mr. Garlick brings extensive mining, exploration, and engineering experience, particularly in the Pilbara region, and will take on a more active leadership role within the company. His remuneration remains unchanged for now, but the Board plans to review this in the future.
Errawarra Resources Ltd. released its financial report for the half-year ending December 31, 2024, detailing its financial performance and position. The report provides insights into the company’s operational efficiency and financial health, which are crucial for stakeholders to assess its future growth potential and industry positioning.
Errawarra Resources Ltd. has released an investor presentation highlighting its ongoing exploration activities in the West Pilbara region, a Tier 1 area for mining. The announcement underscores the company’s strategic focus on exploiting mineral resources in this high-potential region, which could bolster its market positioning and offer significant opportunities for stakeholders.