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Nex Metals Explorations Ltd
(Sydney:NME)
Nex Metals Explorations Ltd (NME) vs. iShares MSCI Australia ETF (EWA)
Nex Metals Explorations Ltd Business Overview & Revenue Model
Nex Metals Explorations Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.63K | -9.28K | -12.10K | -15.70K | -12.32K | ― |
| EBITDA | -144.66K | -786.90K | -1.03M | -1.77M | -1.47M | -229.87K |
| Net Income | ― | -579.11K | -1.04M | -1.79M | -1.45M | -180.80K |
Balance Sheet | ||||||
| Total Assets | 1.09M | 909.68K | 1.44M | 1.71M | 1.48M | 887.59K |
| Cash, Cash Equivalents and Short-Term Investments | 472.82K | 292.29K | 270.26K | 15.78K | 490.93K | 570.38K |
| Total Debt | 263.89K | 517.66K | 257.90K | 806.67K | 343.78K | 1.50M |
| Total Liabilities | 2.83M | 2.23M | 1.83M | 5.27M | 3.25M | 5.39M |
| Stockholders Equity | -1.74M | -1.32M | -390.13K | -3.55M | -1.77M | -4.50M |
Cash Flow | ||||||
| Free Cash Flow | ― | -438.24K | -97.79K | -938.04K | -2.26M | 92.17K |
| Operating Cash Flow | ― | -423.64K | -71.93K | -773.01K | -1.43M | 92.17K |
| Investing Cash Flow | 0.00 | -14.60K | -25.86K | -165.02K | -824.97K | 120.00K |
| Financing Cash Flow | 371.33K | 460.27K | 352.27K | 462.89K | 2.18M | 343.98K |
Nex Metals Explorations Ltd Technical Analysis
Nex Metals Explorations Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
50 Neutral | AU$7.08M | ― | -108.74% | ― | ― | -1766.67% | |
44 Neutral | AU$6.11M | ― | -72.28% | ― | ― | -285.71% | |
44 Neutral | C$979.74M | -6.70 | -13.35% | 2.68% | 17.20% | -32.62% | |
38 Underperform | AU$9.53M | ― | -58.58% | ― | ― | 75.00% | |
30 Underperform | AU$6.35M | ― | ― | ― | 15.79% | ||
| $4.51M | ― | ― | ― | ― | |||
34 Underperform | AU$6.17M | ― | -9.77% | ― | ― | 67.72% |
Nex Metals Explorations Ltd Corporate Events
Nex Metals Explorations Ltd has provided an update on its activities for the quarter ending March 31, 2025. The company is evaluating options for the Kookynie Tailings Project, including potential processing on-site, toll milling, or partial divestment. Additionally, Nex Metals is investigating overseas gold project opportunities. In its joint venture with Arika Resources Ltd, drilling results from the Yundamindra Gold project have been announced. The company has also completed capital raisings to support development options, joint venture expenditures, and potential acquisitions, indicating a strategic focus on expanding its operations and exploring new opportunities.
Arika Resources Limited has announced the recommencement of drilling at its Yundamindra Gold Project, targeting the Pennyweight Point and Landed at Last prospects. The new 6,000-meter drilling program aims to test extensions and new prospects, following encouraging results from previous drilling. This phase will explore significant depth and strike extensions, with a focus on untested potential at these sites. The program is part of a broader strategy to systematically explore and develop the Yundamindra Project over the next 12-18 months, potentially impacting the company’s operations and positioning within the gold exploration sector.
Arika Resources Limited has initiated an accelerated exploration program at its Kookynie Gold Project in Western Australia, following an independent review that identified numerous unexplored priority targets. The review highlighted the potential for new discoveries and resource growth at existing prospects like McTavish, Leipold, and Champion, as well as at historical mines such as Cosmopolitan and Altona. Initial soil and auger sampling programs have been completed at high-priority targets, with drilling expected to follow. This move aims to revitalize the Kookynie Project, which has seen minimal modern exploration, and aligns with Arika’s strategy to expand its exploration activities alongside ongoing work at the Yundamindra Gold Project.
Arika Resources Limited, operating in the mining sector, has announced significant findings from its recent diamond drilling campaign at the Pennyweight Point Prospect, part of the Yundamindra Gold JV Project in Western Australia. The drilling has confirmed high-grade gold mineralisation over a strike length of at least 350 meters and down to a depth of 150 meters, with the system remaining open for further exploration. These results highlight the potential for significant mineral deposits, providing momentum for Arika’s exploration efforts and positioning the Yundamindra Project as a promising growth opportunity.
Nex Metals Explorations Ltd, in collaboration with its joint venture partner Arika Resources Ltd, announced the extension of strong gold mineralization in their maiden diamond drilling project. This development is significant for the company’s exploration efforts, potentially enhancing its market position and providing promising opportunities for stakeholders in the mining sector.
Nex Metals Explorations Ltd has announced a change in its management, with the termination of CEO Maki Petkovski’s employment effective from July 4, 2025. During the interim period, Mr. Petkovski will be on leave. This change is part of the company’s ongoing operational adjustments, which may impact its strategic direction and stakeholder relations.
Nex Metals Explorations Ltd, in collaboration with Arika Resources Ltd, has announced significant progress in their joint venture project, with wide gold intercepts identified through step-out drilling at the ‘Landed at Last’ site. This development is expected to extend mineralization, potentially enhancing the company’s resource base and strengthening its position in the mining sector.
Arika Resources Limited has identified 27 new gold targets at its Yundamindra Gold Project, with many areas previously undrilled or under-explored. The discovery of these targets, particularly the extensions of the Pennyweight Point structural corridor and the gold-bearing quartz reefs at Banjo’s Camp, highlights the significant potential for gold mineralization in the region. The company plans to conduct an ultra-detailed airborne magnetic survey to refine exploration efforts and commence drill testing once regulatory approvals are secured. This development enhances Arika’s exploration prospects and positions the company to potentially unlock substantial gold resources, benefiting stakeholders and strengthening its industry position.
Nex Metals Explorations Limited has released its interim financial report for the half-year ending December 31, 2024. The report includes key financial statements such as the statement of profit or loss, financial position, cash flows, and changes in equity. This release provides stakeholders with insights into the company’s financial health and operational performance over the specified period.
Arika Resources Limited announced significant findings from its recent rock chip sampling at the Yundamindra Gold Project, identifying extensive gold-bearing quartz reef structures over 4.5 kilometers at Banjo’s Camp. These results highlight the potential for a substantial gold discovery, enhancing the project’s profile and offering promising new drill targets. The company plans to commence drill testing after receiving necessary regulatory approvals, marking Banjo’s Camp as a key area in its growing pipeline of exploration opportunities.