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Pan Asia Metals Ltd.
(Sydney:FLG)
Pan Asia Metals Ltd. (FLG) vs. iShares MSCI Australia ETF (EWA)
Pan Asia Metals Ltd. Business Overview & Revenue Model
Pan Asia Metals Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -7.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -27.84K | 0.00 | -68.46K | -43.65K | -46.57K | -32.91K |
| EBITDA | -2.77M | -2.04M | -4.96M | -1.74M | -1.34M | -943.08K |
| Net Income | -2.90M | -2.19M | -5.03M | -2.05M | -1.71M | -786.46K |
Balance Sheet | ||||||
| Total Assets | 12.70M | 13.22M | 12.48M | 11.06M | 12.93M | 9.10M |
| Cash, Cash Equivalents and Short-Term Investments | 484.78K | 144.09K | 120.14K | 970.10K | 5.27M | 2.42M |
| Total Debt | 604.45K | 859.55K | 49.80K | 72.04K | 26.17K | 56.83K |
| Total Liabilities | 1.80M | 2.26M | 1.72M | 662.92K | 490.05K | 491.89K |
| Stockholders Equity | 10.90M | 10.96M | 10.76M | 10.40M | 12.44M | 8.61M |
Cash Flow | ||||||
| Free Cash Flow | -2.83M | -2.09M | -4.92M | -4.22M | -2.89M | -1.12M |
| Operating Cash Flow | -1.51M | 0.00 | -2.62M | -1.82M | -1.73M | -512.79K |
| Investing Cash Flow | -1.68M | -444.22K | -2.30M | -2.40M | -1.16M | -609.77K |
| Financing Cash Flow | 3.46M | 2.13M | 4.07M | -91.30K | 5.47M | 2.88M |
Pan Asia Metals Ltd. Peers Comparison
Pan Asia Metals Ltd. Corporate Events
Flagship Minerals has issued 399,104 fully paid ordinary shares following the conversion of convertible notes and capitalised interest, and has lodged a cleansing notice to enable secondary trading of these shares without a prospectus under the Corporations Act exemptions. The company confirmed it is compliant with its financial reporting and continuous disclosure obligations, and stated there is no excluded information requiring disclosure, thereby smoothing the path for on-market resale of the newly issued shares and reinforcing its adherence to regulatory standards.
Flagship Minerals Limited has applied to the Australian Securities Exchange for quotation of 399,104 new fully paid ordinary shares. These shares were issued following the conversion of convertible notes and associated capitalised interest, modestly expanding the company’s quoted capital base and signalling the transition of debt-like instruments into equity, which may have implications for its capital structure and existing shareholders’ dilution.
Flagship Minerals Limited has lodged an application with the ASX for the quotation of 441,667 new ordinary fully paid shares, to be issued and quoted from 19 January 2026. The additional securities, arising from the exercise or conversion of existing instruments, will modestly expand the company’s listed capital base and may provide incremental funding flexibility and liquidity for shareholders.
Flagship Minerals Limited has issued 36,235 fully paid ordinary shares as consideration for services and lodged a cleansing notice so these securities can be traded on the ASX without a prospectus under the disclosure exemptions in the Corporations Act. The company confirmed it is compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information that would affect the market, providing assurance to investors regarding the transparency and tradability of the newly issued shares.
Flagship Minerals Limited has applied to the Australian Securities Exchange (ASX) for quotation of 170,834 new ordinary fully paid shares, issued on 7 January 2026 under its ticker FLG. The additional securities, arising from the exercise or conversion of existing instruments, will slightly increase the company’s free float and tradable share base, offering marginally expanded liquidity for investors without indicating any broader strategic or operational change in this announcement.
Flagship Minerals has issued 1,621,294 fully paid ordinary shares following the conversion of convertible notes and capitalised interest, alongside 12.5 million shares as the second tranche of a strategic placement and 825,000 shares in consideration for services. The company has lodged a cleansing notice confirming these securities were issued without a prospectus under relevant Corporations Act provisions and that they qualify for on-sale without further disclosure, signalling enhanced capital flexibility while affirming ongoing compliance with Australian corporate reporting and continuous disclosure obligations.
Flagship Minerals Limited has applied to the ASX for quotation of 825,000 new fully paid ordinary shares, issued as consideration for services rendered to the company. The move modestly increases the company’s quoted capital base and indicates the use of equity-based compensation to pay for services, which may help preserve cash reserves but also results in dilution for existing shareholders.
Flagship Minerals Limited has applied to the Australian Securities Exchange for quotation of 12.5 million new fully paid ordinary shares. The issuance, linked to previously announced transactions, will expand the company’s listed share capital and may provide additional funding capacity and liquidity for shareholders once the new securities commence trading.
Flagship Minerals has received a second A$1.25 million strategic funding tranche from global mining EPC firm Shandong Xinhai, following completion of due diligence on the Pantanillo Gold Project and investment committee approval, with a Xinhai representative, major shareholder John Zhang, to join Flagship’s board in January to help drive feasibility, funding and mine construction plans. The company has also commenced baseline environmental studies after appointing Chilean consultancy Ambiental Y Sectorial to lead the Environmental Impact Assessment, targeting submission in early 2027, while Chile-based Bmining is finalising conversion of the existing 1.05Moz gold foreign estimate into a JORC 2012-compliant Mineral Resource within three to six weeks, positioning Pantanillo for an accelerated feasibility program and potential resource upgrade through further drilling and testwork in 2026.
Flagship Minerals Limited has reported a change in the securities held by director Thanasak Chanyapoon, following the conversion of his convertible notes into fully paid ordinary shares. Chanyapoon converted 42,500 convertible notes into 844,023 ordinary shares on 29 December 2025, increasing his direct shareholding from 5,239,531 to 6,083,554 shares, with the transaction valued at $63,301.75, signaling a shift from debt-like instruments to equity but involving no trading during a closed period.
Flagship Minerals Limited has applied to the ASX for quotation of new ordinary fully paid shares issued as part of the company’s existing capital structure. The application covers 1,621,294 shares created through the conversion of convertible notes and associated capitalised interest, dated 29 December 2025, which will now be admitted to trading, effectively moving debt-like instruments into equity and modestly expanding the company’s free-float and quoted capital base.
Flagship Minerals Limited has announced the quotation of 566,667 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code FLG. This move follows the exercise of options or conversion of other convertible securities, potentially enhancing the company’s liquidity and market presence.
Flagship Minerals Limited has announced the issuance of 4,168,805 fully paid ordinary shares following the conversion of Convertible Notes and capitalized interest. This move falls under the exemption of section 708A(5) of the Corporations Act 2001, allowing the shares to be sold without disclosure. This strategic financial maneuver is expected to impact the company’s capital structure and could influence its market positioning by potentially increasing liquidity and investor confidence.
Flagship Minerals Limited has announced the issuance of 4,168,805 ordinary fully paid shares on the Australian Securities Exchange (ASX). These shares are issued as a result of the conversion of convertible notes and associated capitalized interest, marking a significant step in the company’s financial strategy. This move may impact the company’s market position by potentially increasing its capital base and providing more liquidity for its operations.
Flagship Minerals Limited has announced the issuance of unquoted equity securities, specifically options with varying exercise prices and expiration dates set for November 2028. This move involves a total of 9 million options, divided into four classes, each with 2.25 million options. The issuance of these options is likely a strategic financial decision aimed at raising capital or incentivizing stakeholders, potentially impacting the company’s financial structure and market positioning.
Flagship Minerals Limited has announced the quotation of 237,500 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 28, 2025. This move indicates the company’s strategic efforts to enhance its market presence and potentially attract more investors, reflecting a significant step in its operational expansion.
Flagship Minerals Limited announced the approval of the ENAPAC Ruta Este project, a significant development for the Maricunga Gold Belt. This project, part of a larger desalination and pipeline initiative, will provide a sustainable water supply to the region, mitigating a key risk for Flagship’s Pantanillo Gold Project. The approval positions the company favorably as it transitions its existing gold resource estimates to align with the JORC Code 2012, enhancing its operational prospects and stakeholder confidence.
Flagship Minerals Limited announced the issuance of 4,765,066 fully paid ordinary shares following the conversion of Convertible Notes and capitalized interest. The company has complied with the necessary provisions of the Corporations Act, allowing these shares to be exempt from on-sale restrictions, which could potentially enhance liquidity and investor confidence.
Flagship Minerals Limited has announced a new issuance of securities on the Australian Securities Exchange (ASX). The company is set to quote 2,256,177 ordinary fully paid shares, which were issued upon the conversion of convertible notes and associated capitalized interest. This move is expected to impact the company’s capital structure and may influence its market positioning by potentially increasing liquidity and investor interest.
Flagship Minerals Limited, a company listed on the Australian Securities Exchange, has secured control of a warehouse in Copiapo, Chile, previously leased by Anglo American. This facility houses extensive exploration data related to the Pantanillo Gold Project, including 32,827 meters of drilling data across 148 drill holes. The company has prepared a 690kg metallurgical sample for testing and is engaging with local drilling contractors to advance its resource estimates. This strategic move aims to expedite the conversion of the current 1.05Moz gold foreign estimate to a Mineral Resource Estimate compliant with the JORC Code 2012, positioning Flagship for potential resource upgrades in 2026.
Flagship Minerals Limited has announced the issuance of 2,508,889 ordinary fully paid shares on the Australian Securities Exchange (ASX) following the conversion of convertible notes and associated capitalized interest. This move is part of the company’s efforts to enhance its financial structure and potentially improve its market positioning, which could have implications for its stakeholders by increasing liquidity and attracting more investors.
Flagship Minerals Limited has secured a significant historical exploration dataset for the Pantanillo Gold Project from Anglo American Norte Spa, a move expected to accelerate the project’s feasibility and construction phases. This acquisition, along with a strategic partnership with EPC investor Xinhai, positions Flagship as a leader in the gold exploration sector, enhancing its development pathway and investor credibility.