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Frontier Resources Limited
(Sydney:FUN)
Frontier Resources Limited (FUN) vs. iShares MSCI Australia ETF (EWA)
Frontier Resources Limited Business Overview & Revenue Model
Frontier Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2020 | Dec 2019 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.11M | 24.43M | 29.87M | 23.04K | 20.59K | 71.79K |
| Gross Profit | 839.75K | 3.36M | 4.82M | -1.56K | 20.59K | -76.55K |
| EBITDA | -1.93M | -7.73M | 8.70M | -891.34K | -747.14K | -1.56M |
| Net Income | -2.59M | -10.36M | 7.51M | -893.00K | -726.55K | -1.71M |
Balance Sheet | ||||||
| Total Assets | 5.01M | 5.01M | 10.84M | 4.78M | 5.99M | 263.81K |
| Cash, Cash Equivalents and Short-Term Investments | 367.00K | 367.00K | 465.00K | 4.75M | 5.96M | 41.71K |
| Total Debt | 9.12M | 9.12M | 5.33M | 0.00 | 0.00 | 29.61K |
| Total Liabilities | 13.64M | 13.64M | 11.16M | 99.12K | 358.06K | 425.82K |
| Stockholders Equity | -8.63M | -8.63M | -321.00K | 4.68M | 5.63M | -162.01K |
Cash Flow | ||||||
| Free Cash Flow | -19.25K | -77.00K | -152.00K | -1.15M | -524.82K | -887.31K |
| Operating Cash Flow | 0.00 | 0.00 | 0.00 | -1.14M | -524.82K | -887.31K |
| Investing Cash Flow | -680.50K | -2.72M | -8.03M | -11.24K | 0.00 | 74.07K |
| Financing Cash Flow | -680.50K | 2.70M | 7.93M | -53.30K | 6.44M | 832.40K |
Frontier Resources 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% | |
51 Neutral | AU$4.47M | -7.01 | -5.47% | ― | 14.85% | 65.47% | |
45 Neutral | AU$5.10M | ― | -29.48% | ― | ― | 76.12% | |
45 Neutral | AU$11.62M | -12.22 | -24.22% | ― | ― | 83.93% | |
44 Neutral | AU$2.85M | ― | -65.57% | ― | ― | -200.00% | |
44 Neutral | AU$5.55M | -7.14 | -19.53% | ― | ― | 30.00% | |
42 Neutral | AU$24.09M | -0.97 | -53.33% | ― | ― | -488.00% |
Frontier Resources Limited Corporate Events
Fortuna Metals Limited reported that all resolutions put to shareholders at its 22 December general meeting were passed by poll, including the ratification of a prior placement of shares, approval for related-party participation in that placement by director Peter Pawlowitsch, and the issuance of options to joint lead managers. The strong levels of support for each resolution, reflected in high ‘for’ vote percentages across more than 103 million exercisable proxy votes, consolidate the company’s recent capital-raising arrangements and strengthen its financial and advisory framework for advancing ongoing projects and corporate strategy.
Fortuna Metals Limited has announced a significant discovery of high-grade rutile at its Mkanda project in Malawi, with drill results showing rutile grades up to 2.21%. The discovery is expected to enhance the project’s economic potential, with plans to continue drilling to explore further mineralization. The company is also setting up an in-country laboratory to expedite assay processes and is looking forward to further drilling activities in early 2026 to assess mineral continuity.
Fortuna Metals Limited has requested a trading halt on its securities pending the release of an announcement concerning hand auger assay results from its Mkanda rutile and graphite project in Malawi. This halt, effective until December 16, 2025, or the announcement’s release, could impact the company’s market operations and stakeholder interests as it may reveal significant findings related to its mining activities.
Fortuna Metals Limited has announced the results of a QEMSCAN mineralogical analysis, confirming rutile as the dominant titanium mineral at its Mkanda project in Malawi. This finding aligns with expectations due to the project’s proximity to the Kasiya deposit, known for its rutile-graphite bearing lithology. The company has completed 392 drill holes and anticipates releasing the first batch of drilling results in mid-December 2025, which could enhance its strategic positioning in the titanium mineral market.
Fortuna Metals Limited has announced the issuance and allotment of 35,613,638 ordinary shares without disclosure under Part 6D.2 of the Corporations Act 2001. This strategic move aligns with the company’s compliance with relevant provisions of the Corporations Act, indicating a transparent approach to its securities offerings and potentially enhancing its market position.
Fortuna Metals Ltd has announced a General Meeting of shareholders scheduled for December 22, 2025, in West Perth, WA. Shareholders can access the Notice of Meeting and related materials online, with options for online proxy voting available. The meeting will address important company matters, and any changes to the meeting arrangements will be communicated via the ASX and the company’s website.
Fortuna Metals Ltd has announced the quotation of 35,613,638 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions, potentially enhancing the company’s market presence and liquidity, which could have significant implications for stakeholders and the company’s strategic positioning in the industry.
Fortuna Metals Limited has announced exceptional results from its Phase 1 soil sampling program at the Mkanda project in Malawi, revealing high-grade rutile concentrations up to 2.32%. These findings highlight significant mineralization potential across the company’s 658 square kilometer tenure, with multiple high tenor anomalies identified. The results are a promising step towards defining major rutile discoveries in the region, with further drilling and sampling expected to provide more insights into the project’s potential.
Fortuna Metals Ltd announced a proposed issue of securities, which includes options exercisable at $0.165 and ordinary fully paid shares. The issuance, scheduled for November 21, 2025, aims to enhance the company’s financial positioning and operational capabilities, potentially impacting its market presence and stakeholder interests.
Fortuna Metals Limited has successfully raised approximately A$3.5 million through a share placement to fund its exploration activities at the Mkanda and Kampini projects in Malawi. The capital will enable the company to accelerate drilling programs and conduct assays to confirm the mineralization potential, positioning Fortuna to potentially make a significant rutile discovery. This financial boost underscores investor confidence and enhances Fortuna’s ability to advance its projects, potentially impacting its market position and offering growth opportunities for stakeholders.
Fortuna Metals Ltd has requested a trading halt on its securities pending an announcement regarding a significant capital raising. The halt will remain in place until the announcement is made or until the start of trading on 13 November 2025, whichever comes first. This move suggests a strategic financial maneuver that could impact the company’s market position and stakeholder interests.
Fortuna Metals Limited has announced progress in its exploration activities at the Mkanda and Kampini projects in Malawi, with a focus on rutile and graphite resources. The company has completed 208 hand auger drill holes and is eagerly awaiting assay results to confirm the potential mineralization. The projects are strategically positioned near the world’s largest rutile deposit, enhancing Fortuna’s prospects of a significant discovery. The ongoing drilling programs aim to fast-track exploration and demonstrate the widespread potential of rutile within the project areas, with further drilling planned to explore deeper mineralization levels.
Fortuna Metals Ltd has announced a correction to the expiry date of its Class A and B Performance Shares, extending it to October 31, 2029. This update is an amendment to a previous announcement made on October 31, 2025, and reflects the company’s commitment to maintaining accurate and transparent communication with its stakeholders.
Fortuna Metals Limited has completed the acquisition of two exploration licenses in Malawi, targeting rutile mineralization. These projects are strategically located near Sovereign Metals’ significant Kasiya rutile deposit. The company is advancing its exploration efforts with ongoing drilling programs at the Mkanda and Kampini projects, aiming to assess the potential for rutile mineralization. Initial soil sample results are expected in late November, with further assay results anticipated by mid-December. This acquisition and exploration activity position Fortuna to potentially expand its resource base and strengthen its market position in the rutile industry.
Fortuna Metals Limited announced the issuance and allotment of 55 million ordinary shares for the acquisition of Ice Shelf Resources Pty Ltd, along with 5 million shares to a director related to the acquisition. This move, executed without disclosure under Part 6D.2 of the Corporations Act, signifies a strategic expansion for Fortuna Metals, potentially enhancing its market positioning and operational capabilities.
Fortuna Metals Ltd has announced a change in the interest of its director, Peter Pawlowitsch, who has acquired additional securities. The acquisition includes 5,000,000 fully paid ordinary shares, 2,500,000 Class A Performance Shares, and 2,500,000 Class B Performance Shares, following shareholder approval and the completion of an acquisition on October 30, 2025. This change reflects a significant increase in the director’s indirect interest in the company, potentially impacting the company’s governance and shareholder dynamics.
Fortuna Metals Ltd has announced the quotation of 60,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code FUN, effective from October 31, 2025. This move is part of a previously announced transaction, and it signifies an expansion in the company’s market presence, potentially impacting its operational capacity and stakeholder interests.
Fortuna Metals Ltd announced the issuance of 82.5 million unquoted performance shares, divided into Class A, Class B, and Employee Performance Shares, all expiring on October 31, 2025. This strategic move is part of previously announced transactions and is aimed at enhancing the company’s equity structure, potentially impacting its market positioning and stakeholder interests.
At the recent Annual General Meeting, Fortuna Metals Limited successfully passed all resolutions put forth to shareholders. Key resolutions included the adoption of the remuneration report, election and re-election of directors, and approvals for issuing various securities. These outcomes reflect a strong shareholder backing and are likely to support the company’s strategic initiatives and operational growth.
Fortuna Metals Limited, trading on the ASX under the symbol FUN, has released a corporate presentation regarding its Mkanda & Kampini Rutile Project in Malawi. The presentation includes scientific and technical information reviewed by CEO Thomas Langley, a Competent Person under the Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves. The release emphasizes that the information is not intended as investment advice and highlights potential risks and uncertainties associated with the company’s future operations and exploration activities.
Fortuna Metals Limited has commenced phase one of its hand auger drilling at the Mkanda and Kampini projects in Malawi, aiming to explore significant rutile mineralization. The company is utilizing low-cost and efficient drilling methods to cover large areas, with the expectation of confirming the scale and grade of potential mineralization. The results from these efforts could position Fortuna to make a significant rutile discovery, enhancing its standing in the mining sector.
Fortuna Metals Limited has identified significant titanium mineralisation in historical drill holes at its Mkanda and Kampini projects in Malawi, indicating potential for widespread rutile deposits. The company’s recent soil sampling and drilling efforts aim to verify these findings, with results expected soon. Positioned near Sovereign Metals’ major rutile deposit, Fortuna is optimistic about making a substantial rutile discovery, which could enhance its market position and attract stakeholder interest.
Fortuna Metals Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for October 30, 2025, in Subiaco, Western Australia. The company will not send physical copies of the meeting notice, aligning with recent legal amendments, and encourages shareholders to vote by proxy ahead of the meeting. This move reflects a shift towards digital communications and could streamline shareholder engagement, potentially impacting how stakeholders interact with the company.
Fortuna Metals Limited has announced its Annual General Meeting, scheduled for 2:00 pm (WST) on Thursday, 30 October 2025, at Suite 9, 110 Hay Street, Subiaco, WA. Shareholders are encouraged to participate as the meeting’s business impacts their shareholding. The company has outlined the voting process, emphasizing the importance of shareholder participation either in person or by proxy. The notice and accompanying explanatory statement are available electronically, reflecting recent amendments to the Corporations Act.