Top Page
Iris Metals Limited
(Sydney:IR1)
Iris Metals Limited (IR1) vs. iShares MSCI Australia ETF (EWA)
Iris Metals Limited Business Overview & Revenue Model
Iris Metals Limited Financial Statement Overview
| Breakdown | ||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | 0.00 | -10.51K | -4.43K | 0.00 | EBIT |
| -1.23M | -15.58M | -12.13M | -3.24M | -1.75M | EBITDA |
| -1.23M | -15.58M | -12.12M | -1.42M | 0.00 | Net Income Common Stockholders |
| -2.15M | -17.32M | -12.13M | -3.24M | -1.80M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 2.23M | 9.79M | 675.42K | 4.19M | 496.42K | Total Assets |
| 35.82M | 41.43M | 12.74M | 4.41M | 502.10K | Total Debt |
| 0.00 | 0.00 | 72.53K | 0.00 | 0.00 | Net Debt |
| -2.23M | -9.79M | -602.89K | -4.19M | -496.42K | Total Liabilities |
| 840.17K | 1.50M | 825.79K | 199.21K | 305.56K | Stockholders Equity |
| 34.98M | 39.93M | 11.92M | 4.21M | 196.54K |
| Cash Flow | Free Cash Flow | |||
| ― | -13.39M | -6.97M | -1.30M | -737.45K | Operating Cash Flow |
| ― | -4.36M | -1.78M | -1.25M | -737.45K | Investing Cash Flow |
| ― | -8.91M | -5.19M | -54.25K | 0.00 | Financing Cash Flow |
| ― | 22.38M | 3.45M | 6.38M | 1.23M |
Iris Metals Limited Technical Analysis
Iris Metals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.04B | -1.23 | -21.09% | 3.96% | 2.90% | -30.45% | |
47 Neutral | AU$106.84M | ― | -30.39% | ― | -41.05% | -122.11% | |
46 Neutral | AU$150.04M | 95.71 | 1.05% | ― | ― | ― | |
45 Neutral | AU$13.05M | ― | -8.84% | ― | ― | 64.06% | |
31 Underperform | AU$24.04M | ― | -27.22% | ― | ― | 24.06% | |
| AU$12.00M | ― | -6.64% | ― | ― | ― | ||
30 Underperform | AU$5.68M | ― | -166.51% | ― | ― | -41.70% |
Iris Metals Limited Corporate Events
IRIS Metals Limited has announced a JORC 2012-compliant Mineral Resource Estimate (MRE) for its Beecher Project, indicating 2.20 million tonnes grading 1.05% Li₂O. This positions the project for near-term production, supported by fully permitted mining operations. The company plans to conduct further exploration and metallurgical testing to enhance production readiness. Additionally, significant lithium and caesium intersections were confirmed at the Tin Mountain Project, with further drilling planned to advance resource estimates. The appointment of Anthony Collins as a Non-Executive Director is expected to bolster the company’s financial and commodity market expertise.
Iris Metals Limited has announced a change in the director’s interest, specifically for Kevin Smith. The update reveals that Smith has acquired 1,000,000 performance rights in each of three classes, with vesting dates to be determined, and 1,500,000 ordinary fully paid shares. This change in holdings could potentially impact the company’s governance and shareholder interests, as it reflects a significant increase in the director’s stake in the company.
Iris Metals Limited has announced a change in the director’s interest, specifically concerning Peter Marks. The notice outlines the details of securities held by the director, including ordinary shares, unlisted options, and performance rights. This update is crucial for stakeholders as it reflects the director’s current stake and potential future interests in the company, which could influence the company’s governance and strategic decisions.
Iris Metals Limited has announced the issuance of several unquoted equity securities, specifically options with varying expiration dates and exercise prices. This move is part of an employee incentive scheme and is not intended for public trading on the ASX, potentially impacting the company’s internal stakeholder engagement and long-term strategic planning.
Iris Metals Limited announced the issuance of 1.5 million unquoted equity securities in the form of options, each expiring in 2026 and 2027. This move is likely to enhance the company’s financial flexibility and support its strategic objectives, potentially impacting its market positioning and offering new opportunities for stakeholders.
Iris Metals Limited announced the issuance of 10 million unquoted options set to expire in April 2027, with an exercise price of $0.40. This move is part of a previously announced transaction and reflects the company’s strategic financial maneuvers to potentially enhance its capital structure and investor engagement.
Iris Metals Limited has announced the quotation of 1,500,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code IR1, effective April 24, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the availability of its shares.
Iris Metals Limited has announced a proposed non-pro rata offer of securities, planning to issue up to 1,000 ordinary fully paid securities. This move, set to close on April 28, 2025, and issue on April 29, 2025, aims to strengthen the company’s financial position and support its strategic initiatives, potentially impacting its market standing and stakeholder interests.
Iris Metals Limited has issued a Cleansing Prospectus to offer up to 1,000 shares at $0.16 each and 10,000,000 options exercisable at $0.40, along with 1,500,000 zero exercise price options to a director. This move is primarily aimed at removing trading restrictions on the sale of securities issued by the company before the closing date, reflecting a strategic effort to enhance liquidity and marketability of its securities.
Iris Metals Limited announced an update regarding the proposed issue of securities, changing the issue date from April 11, 2025, to April 28, 2025. This adjustment in the timeline may impact the company’s financial planning and market activities, potentially affecting investor expectations and the company’s strategic positioning within the industry.
Iris Metals Limited has announced the upcoming release of certain restricted securities from voluntary escrow and ASX restrictions in June 2025. The company will release 1,259,400 fully paid ordinary shares from voluntary escrow on June 10, 2025, and 5,500,000 fully paid ordinary shares, along with other securities, from ASX restrictions on June 21, 2025. Additionally, several unlisted options are set to expire in June and July 2025. This release and expiration of securities may impact the company’s market operations and provide liquidity options for stakeholders.
IRIS Metals Limited has updated its Initial Mineral Resource Estimate (MRE) for the Beecher Project in South Dakota following discussions with the ASX, enhancing transparency and compliance with JORC standards. These amendments aim to clarify data methodologies and retract previous references to exploration and production targets, ensuring investors have accurate information. The company’s focus on lithium production aligns with its strategic goals to capitalize on the growing demand for battery metals, supported by newly granted mining licenses that expedite exploration and mining activities.
IRIS Metals Limited has made amendments to its recent investor webinar release following discussions with the ASX. The company retracted certain corporate exploration and production targets to avoid confusion with JORC and ASX compliance standards. These adjustments aim to ensure clarity and compliance, impacting how investors interpret the company’s operational goals and future prospects.
Iris Metals Limited has announced a change in the director’s interest, with Anthony Collins acquiring 247,250 ordinary fully paid shares through an on-market acquisition. This acquisition reflects a significant personal investment by Collins, indicating confidence in the company’s future prospects and potentially influencing shareholder perceptions positively.
IRIS Metals Limited announced that all resolutions were passed at their recent General Meeting, as decided by a poll. This outcome supports the company’s strategic initiatives and strengthens its position in the exploration and battery metals industry, potentially benefiting stakeholders by aligning with market demands for critical minerals.
IRIS Metals Limited has released an updated investor presentation for its upcoming webinar, highlighting its strategic focus on lithium exploration in South Dakota. This move underscores the company’s commitment to leveraging its extensive asset base in a historically rich mining area, potentially enhancing its market position and offering significant opportunities for stakeholders in the growing battery metals sector.
IRIS Metals Limited announced the results of its Phase I diamond drilling program at the Tin Mountain Project in South Dakota, USA, confirming significant high-grade lithium and caesium mineralisation. The findings highlight the potential of the pegmatite, with plans for Phase II drilling to further explore deeper and central core pegmatite zones. This development positions IRIS Metals to advance towards a maiden mineral resource estimate, potentially impacting its operational capabilities and market positioning.
Iris Metals Limited has announced the application for the quotation of 50,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move signifies an expansion in the company’s market presence and could potentially enhance its financial flexibility, impacting its operations and stakeholder interests positively.
Iris Metals Limited has updated its previous announcement regarding the proposed issue of securities. The update includes the actual date for the Extraordinary General Meeting (EGM) and a revised proposed issue date, with consideration of Stardust 10 million securities to be addressed in a subsequent meeting. This announcement could impact the company’s operational strategy and market positioning as it seeks to expand its securities offerings, potentially affecting stakeholders’ interests.
IRIS Metals Limited has announced the details of its upcoming General Meeting scheduled for April 2, 2025. This meeting is significant for stakeholders as it reflects the company’s ongoing governance and engagement with shareholders, potentially impacting its strategic decisions and future operations.
Iris Metals Limited has announced the issuance of 200,000 unquoted equity securities in the form of options set to expire on February 14, 2027, with an exercise price of $0.40. This move signifies the company’s strategic efforts to enhance its financial structure and potentially secure further capital, which may impact its operational capacity and market positioning.
IRIS Metals Limited announced an increase in the annual salary of its Executive Chair, Mr. Peter Marks, to $260,000 plus superannuation, effective from January 2025, following a review of director salaries. Additionally, a short term incentive bonus of $25,000 has been awarded. This remuneration update reflects the company’s efforts to align its leadership compensation with market standards, potentially impacting its operational focus and strategic direction in the competitive lithium exploration industry.
Iris Metals Limited has announced the appointment of Anthony Collins as a Non-Executive Director effective February 12, 2025. Collins will be granted 1,500,000 performance rights, contingent upon shareholder approval, which are structured in three classes with varying vesting and expiry conditions. This strategic addition to the board reflects the company’s commitment to strengthening its leadership team as it continues to advance its operational and strategic goals within the metals exploration sector.
IRIS Metals Limited has announced the appointment of Mr. Anthony Collins as a Non-Executive Director, bringing over 30 years of experience in financial and commodity markets, with an emphasis on lithium and battery metals. His expertise and network are expected to enhance IRIS Metals’ shareholder base and expand its commercial presence in the US, aligning with the company’s focus on securing sustainable lithium supply chains.