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Metals Australia Ltd
(Sydney:MLS)
Metals Australia Ltd (MLS) vs. iShares MSCI Australia ETF (EWA)
Metals Australia Ltd Business Overview & Revenue Model
Metals Australia Ltd Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 791.52K | 70.00K | 42.21K | 6.11K | 1.65K |
| Gross Profit | 791.52K | 587.36K | 42.21K | 6.11K | 1.65K |
| EBITDA | -87.26K | 0.00 | -2.20M | -816.38K | -2.15M |
| Net Income | -537.68K | -808.59K | -2.21M | -472.83K | -1.52M |
Balance Sheet | |||||
| Total Assets | 37.17M | 34.16M | 30.77M | 9.38M | 8.29M |
| Cash, Cash Equivalents and Short-Term Investments | 17.37M | 15.96M | 19.14M | 1.06M | 566.53K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.29M | 143.93K | 255.39K | 79.75K | 292.33K |
| Stockholders Equity | 34.60M | 32.74M | 30.59M | 9.38M | 8.07M |
Cash Flow | |||||
| Free Cash Flow | -1.86M | -1.95M | -1.88M | -1.23M | -398.07K |
| Operating Cash Flow | -151.92K | -225.81K | -708.35K | -440.81K | 188.48K |
| Investing Cash Flow | -1.71M | -2.92M | -1.17M | -764.80K | -601.54K |
| Financing Cash Flow | 3.29M | 19.96M | 19.96M | 1.69M | 366.12K |
Metals Australia Ltd Technical Analysis
Metals Australia Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | AU$15.30M | ― | -1.99% | ― | -100.00% | -11.11% | |
44 Neutral | C$979.23M | -6.82 | -13.73% | 1.76% | 17.37% | -32.84% | |
| ― | $8.98M | ― | -3.02% | ― | ― | ― | |
| ― | €5.81M | 7.69 | 13.11% | ― | ― | ― | |
34 Underperform | AU$35.62M | ― | -26.00% | ― | ― | 3.08% | |
| ― | AU$14.84M | ― | -6.64% | ― | ― | ― | |
| ― | AU$13.07M | ― | -251.41% | ― | ― | ― |
Metals Australia Ltd Corporate Events
Metals Australia Ltd has announced the completion of a major drilling program at its Lac Carheil Graphite Project in Quebec, Canada, extending the total drilling to approximately 11,800 meters. This development is part of the company’s efforts to significantly grow its existing Mineral Resource, with an updated estimate expected in Q3 2025. The project has received a $600,000 CAD grant from the Quebec Ministry of Natural Resources & Forests, highlighting its importance to the region. Additionally, the company is advancing metallurgical test work at its Manindi Project in Western Australia and refining targets for its Warrego East Copper-Gold Project in the Northern Territory.
Metals Australia Ltd has completed a major drilling program at its Lac Carheil Graphite project in Quebec, extending the drilling from an initially planned 7,000 meters to 9,482 meters due to promising findings. The program has identified significant graphite continuity over a 2.3 km strike length, with around 4,000 meters of graphite-bearing core logged. This expansion is expected to enhance the existing Mineral Resource and support the company’s goal of updating its resource estimates by Q3 2025. The drilling success, coupled with government support, underscores the project’s potential and strategic importance in the region.
Metals Australia Ltd has released its interim financial report for the half year ending December 31, 2024. The report includes various financial statements such as the condensed consolidated statement of profit or loss, statement of financial position, changes in equity, and cash flow statement. This release provides stakeholders with insights into the company’s financial health and performance over the specified period.
Metals Australia Ltd’s Canadian subsidiary, Lac Rainy Graphite Inc., has secured grant funding from Quebec’s Ministry of Natural Resources and Forests to advance the Lac Carheil Flake Graphite Concentrate Plant. The grant of up to $660,000 AUD will support research and innovation efforts, including detailed process equipment investigation and metallurgical test work, to progress the project to feasibility. This funding aligns with Quebec’s strategic mineral development goals and aims to contribute to the economic growth of the Côte-Nord region.
Metals Australia Ltd has released a statement in conjunction with its participation in the PDAC 2025 event in Toronto, Canada. The company has reiterated its commitment to transparency and compliance with ASX listing rules, ensuring that all material assumptions and technical parameters in its mineral resource estimates remain unchanged. The announcement underscores the company’s dedication to maintaining its industry position and addressing potential risks and uncertainties associated with its operations.
Metals Australia Ltd has commenced a major drilling program at its Lac Carheil Graphite Project in Quebec, aiming to expand its high-grade graphite resource. The program involves 7,000 meters of diamond drilling to enhance the quantity and quality of the existing mineral resource, which currently supports a 15-year project life. The drilling is expected to significantly extend the project’s life and resource potential, with updates on significant results to be provided as they become available. The revised Mineral Resource Estimate will be reported in accordance with JORC and NI 43-101 standards, with further mine planning and infrastructure design phases to follow.