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Firetail Resources Limited
(Sydney:FTL)
Firetail Resources Limited (FTL) vs. iShares MSCI Australia ETF (EWA)
Firetail Resources Limited Business Overview & Revenue Model
Firetail Resources Limited Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 234.08K | 165.99K | 0.00 |
| Gross Profit | 234.08K | 129.99K | -19.95K |
| EBITDA | -1.81M | -809.76K | -1.33M |
| Net Income | -2.70M | -847.12K | -1.36M |
Balance Sheet | |||
| Total Assets | 22.15M | 14.56M | 15.26M |
| Cash, Cash Equivalents and Short-Term Investments | 4.70M | 5.09M | 7.36M |
| Total Debt | 63.43K | 12.35K | 43.47K |
| Total Liabilities | 783.59K | 576.07K | 384.27K |
| Stockholders Equity | 20.54M | 13.99M | 14.88M |
Cash Flow | |||
| Free Cash Flow | -5.34M | -2.12M | -1.01M |
| Operating Cash Flow | -889.59K | -714.55K | -532.23K |
| Investing Cash Flow | -4.98M | -1.53M | -475.19K |
| Financing Cash Flow | 5.47M | -31.12K | 8.37M |
Firetail Resources Limited Technical Analysis
Firetail Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.49B | 9.49 | 1.49% | 2.70% | 2.28% | -33.88% | |
57 Neutral | AU$33.82M | ― | -25.01% | ― | ― | -101.65% | |
| ― | $16.96M | 8.33 | 15.74% | ― | ― | ― | |
49 Neutral | AU$46.87M | ― | -164.01% | ― | -95.22% | 41.09% | |
38 Underperform | AU$34.46M | ― | -18.47% | ― | ― | -175.00% | |
36 Underperform | AU$22.65M | ― | -13.51% | ― | ― | -57.50% | |
33 Underperform | AU$17.47M | ― | -6.64% | ― | ― | 37.50% |
Firetail Resources Limited Corporate Events
Firetail Resources Limited has announced significant progress in its exploration activities, particularly through the acquisition of high-grade gold projects in the USA, including Excelsior Springs in Nevada and the Bella Project in South Dakota. These acquisitions position the company for substantial growth, with both projects located in proven mineral trends with the potential for significant deposits. Additionally, the company is advancing its Picha Project in Peru with the help of BHP Xplor funding, focusing on the new Anta Q’illqa target, and continues to explore the Skyline Copper Project in Newfoundland, highlighting its potential with recent prospecting activities.
Firetail Resources Limited has significantly increased its landholding at the Excelsior Gold Project in Nevada, incorporating multiple undocumented small-scale workings. The expanded land position includes areas with significant copper rock chip results and previously unrecognized workings, which require further exploration to assess their potential. The project also features a northeastern extension with felsic intrusives known to host substantial gold mineralization, presenting a significant exploration target. The company is actively conducting field mapping and sampling to finalize plans for diamond drilling aimed at extending high-grade gold mineralization. This expansion and ongoing exploration activities are expected to enhance Firetail’s geological understanding and unlock the project’s scale potential, potentially impacting its industry positioning and stakeholder interests.
Firetail Resources Limited has completed geophysical surveys at its Picha Copper Project in Peru, revealing promising potential for a large-scale porphyry system. The results from the UAV magnetics survey support the company’s model of the area’s mineralization, indicating significant potential for porphyry and intrusive mineralization. The ongoing exploration activities, funded by the BHP Xplor grant, include detailed geological mapping and geochemical analysis, with further results expected soon. These findings are expected to refine exploration targets and enhance the understanding of the project’s mineralization potential, potentially benefiting stakeholders by opening up multiple exploration targets across the project area.
Firetail Resources Limited has commenced its maiden exploration program at the Excelsior Gold Project in Nevada, USA, marking a significant step in its strategic expansion. The program includes diamond drilling to gather detailed geological information and test mineralization extensions, with plans for further resource definition. Additionally, Firetail has achieved 100% ownership of the Picha and Charaque Projects in Peru, enhancing its project portfolio. The company’s active exploration efforts and strategic acquisitions position it for potential growth and increased stakeholder value.
Firetail Resources Limited announced a proposed issue of 38,000,000 Zero Exercise Price Options (ZEPOs), classified as Class A, B, C, and D, set to expire three years from the date of issue. This strategic move is part of a placement or other type of issue, with the proposed issue date scheduled for August 15, 2025. The issuance of these securities is expected to enhance the company’s financial flexibility and support its ongoing projects, potentially strengthening its position in the resources industry.
Firetail Resources Limited has announced a General Meeting of Shareholders scheduled for July 31, 2025, in Perth, WA. The company will not be sending physical copies of the meeting notice, instead opting for electronic distribution through their website and email. Shareholders are encouraged to vote by proxy, with instructions to be submitted by July 29, 2025. This move towards digital communication reflects a broader trend in corporate governance, potentially enhancing shareholder engagement and operational efficiency.
Firetail Resources Limited has announced a general meeting to discuss several key resolutions, including the ratification of prior share issues, approval for director participation in share placements, and a proposed change of the company name to Mammoth Minerals Limited. Additionally, the company seeks approval to issue options to joint lead managers and shares for the acquisition of the Excelsior Project. These resolutions, if passed, could significantly impact the company’s strategic direction and shareholder value, marking a potential shift in its market positioning and operational focus.
Firetail Resources Limited has released an investor presentation highlighting its ongoing exploration activities across several key projects in the USA, Peru, and Canada. The company has made significant strides in its exploration efforts, including the acquisition of copper projects in Peru and Canada, and the identification of promising targets in these regions. These developments are expected to enhance Firetail’s market positioning and offer growth opportunities, potentially impacting stakeholders by increasing the company’s resource base and exploration success.
Firetail Resources Limited has announced significant findings from its initial prospecting activities at Earl’s Target, part of the Skyline Copper Project in Newfoundland, Canada. The prospecting identified an 800-meter strike trend of copper-only VMS-style mineralization, suggesting a potential Cyprus-style deposit. This discovery highlights the untapped exploration potential of the Skyline Project, which has not yet been subjected to extensive geophysical surveys. The company is also progressing with due diligence on its recent acquisitions, the Excelsior Springs Gold Project and the Bella Gold Project, indicating a strategic expansion in its exploration activities.
Firetail Resources Limited has announced a proposed issue of 49,000,000 fully paid ordinary securities, set to be issued on August 7, 2025. This move is part of a placement or other type of issue, which may impact the company’s market positioning by potentially increasing its capital base and providing additional resources for its operations.
Firetail Resources Limited has secured options to acquire significant stakes in two high-grade gold projects in the USA, located in Nevada and South Dakota. The Excelsior Springs Project in Nevada and the Bella Project in South Dakota both offer substantial exploration potential, with proven mineralization and historical production. These acquisitions are expected to enhance Firetail’s portfolio, providing diversification and exposure to robust gold markets, while positioning the company strategically within prominent North American gold mining districts.
Firetail Resources Limited, listed on the ASX, has requested a trading halt pending an announcement about a proposed material acquisition. This move is intended to provide the company with time to finalize details of the acquisition, which could significantly impact its operations and market positioning. The halt will remain in effect until the announcement is made or until normal trading resumes on June 2, 2025.
Firetail Resources Limited is advancing its copper exploration projects in Canada and Peru, with significant progress reported at the Skyline Copper Project in Canada and the Picha Copper Project in Peru. The company’s recent activities, including drilling and geophysical surveys, aim to enhance the mineralization potential at these sites, positioning Firetail as a key player in the copper exploration industry.