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Magnetic Resources NL
(Sydney:MAU)
Magnetic Resources NL (MAU) vs. S&P 500 (SPY)
Magnetic Resources NL Business Overview & Revenue Model
Magnetic Resources NL Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 502.97K | 480.00 | 240.00K | 501.60K | 2.86K | Gross Profit |
| 498.46K | -27.23K | 240.00K | 501.60K | 2.86K | EBIT |
| -11.47M | -7.14M | -7.67M | -8.68M | -4.73M | EBITDA |
| -12.34M | -7.11M | -7.63M | -8.64M | -4.68M | Net Income Common Stockholders |
| -12.34M | -7.14M | -7.66M | -8.63M | -4.63M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 9.22M | 4.10M | 2.03M | 6.99M | 4.06M | Total Assets |
| 9.74M | 4.49M | 2.55M | 7.46M | 4.44M | Total Debt |
| 258.82K | 220.85K | 0.00 | 14.71K | 14.71K | Net Debt |
| -8.96M | -3.88M | -2.03M | -6.98M | -4.05M | Total Liabilities |
| 885.76K | 786.79K | 372.18K | 332.81K | 333.74K | Stockholders Equity |
| 8.85M | 3.70M | 2.18M | 7.12M | 4.11M |
| Cash Flow | Free Cash Flow | |||
| -11.37M | -5.88M | -7.59M | -6.84M | -4.07M | Operating Cash Flow |
| -2.04M | -1.33M | -1.13M | -1.22M | -952.88K | Investing Cash Flow |
| -8.83M | -4.55M | -6.47M | -5.12M | -3.11M | Financing Cash Flow |
| 15.99M | 7.95M | 2.63M | 9.27M | 3.37M |
Magnetic Resources NL Technical Analysis
Magnetic Resources NL Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €218.64M | 15.28 | 8.27% | ― | 10.26% | -68.36% | |
66 Neutral | AU$211.62M | 1.33 | 257.93% | 0.91% | ― | ― | |
61 Neutral | C$2.34B | 16.56 | 9.30% | 4.86% | -9.27% | -56.88% | |
56 Neutral | $359.76M | 56.60 | -35.86% | ― | -39.92% | -249.60% | |
49 Neutral | $1.95B | -1.21 | -21.28% | 3.72% | 1.18% | -30.47% | |
44 Neutral | AU$406.92M | ― | -179.51% | ― | -100.00% | -27.86% | |
39 Underperform | AU$808.50M | 65.12 | ― | ― | ― |
Magnetic Resources NL Corporate Events
Magnetic Resources NL has reported significant progress in its LJN4 deposit, with an increase in resource size and potential for further expansion at depth. Recent drilling results have highlighted new high-grade zones, prompting a feasibility study to explore both open cut and underground mining operations. The company is in discussions with potential mining partners and financiers, indicating promising economic prospects for its Lady Julie Gold Project.
Magnetic Resources NL has reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $2.448 million for the current quarter and $9.769 million for the year to date. The company also reported a net cash inflow from financing activities of $64,000 for the quarter, contributing to a year-to-date total of $9.98 million. These financial movements indicate the company’s ongoing investment in exploration and evaluation, supported by financing efforts to sustain its operations and growth ambitions.
Magnetic Resources NL has reported strong metallurgical results from its LJN4 deposit, showcasing a significant improvement in gold recovery rates. The optimized flotation circuit achieved a 97.5% recovery rate, a notable increase from the conventional gravity/leach method. This advancement is particularly promising given the potential resource expansion in the central and northern high-grade core zones. Additionally, the company has successfully extended its two-stage flotation and fine grinding process to other non-oxide composites, resulting in reduced capital and operational expenditures due to smaller equipment requirements.
Magnetic Resources NL has issued 74,833 fully paid ordinary shares following the conversion of options exercisable at $0.68. The company has complied with the necessary legal provisions and confirms there is no undisclosed information that would affect investors’ assessments of its financial position or the rights attached to the shares. This move reflects the company’s ongoing commitment to transparency and regulatory compliance, potentially strengthening its market position and investor confidence.
Magnetic Resources NL has announced the issuance of 74,833 ordinary fully paid securities, which are set to be quoted on the ASX. This move is part of the company’s strategy to enhance its financial standing and potentially expand its operations, reflecting a positive step in its growth trajectory and offering potential benefits to its stakeholders.
Magnetic Resources NL has reported encouraging results from recent metallurgical testing of its LJN4 mineralization, showing an average gold recovery of 93% across all oxidation states after implementing flotation and fine grinding techniques. This marks an improvement from previous methods, with significant recovery increases noted in samples with elevated sulphide content, suggesting a positive impact on the company’s operational efficiency and potential profitability.
Magnetic Resources NL has announced an update on their Lady Julie Gold Project, highlighting an increased gold resource. The update includes a strategic plan to convert inferred mineral resources to indicated resources through further drilling. This development is expected to maintain the project’s financial viability and provide a solid foundation for future production, although there remains uncertainty in the realization of these resources.
Magnetic Resources NL has released its financial report for the half-year ending on 31 December 2024. This report includes various financial statements and declarations, such as the statement of profit or loss, statement of financial position, and cash flows, among others. The release holds importance for stakeholders interested in the company’s financial health and operational performance during this period.
Magnetic Resources NL has announced that Mr. Eric Lim has become a substantial holder in the company as of February 3, 2025, with a total voting power of 6.26% through his direct and associated holdings. This acquisition of a significant voting stake suggests a potential impact on the company’s governance and decision-making processes, which could have implications for its strategic direction and influence within its market sector.