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OD6 Metals Ltd.
(Sydney:OD6)
OD6 Metals Ltd. (OD6) vs. iShares MSCI Australia ETF (EWA)
OD6 Metals Ltd. Business Overview & Revenue Model
OD6 Metals Ltd. Financial Statement Overview
| Breakdown | ||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| 0.00 | 0.00 | 0.00 | ― | 0.00 | EBIT |
| ― | -1.13M | ― | -1.34M | -117.10K | EBITDA |
| ― | -1.57M | -1.46M | -1.34M | 0.00 | Net Income Common Stockholders |
| ― | -440.85K | -1.36M | -1.34M | -117.10K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.75M | 2.33M | 3.52M | 8.36M | 0.00 | Total Assets |
| 7.38M | 9.70M | 8.61M | 9.39M | 144.90K | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 143.34K | Net Debt |
| -1.75M | -2.33M | -3.52M | -8.36M | 143.34K | Total Liabilities |
| 278.24K | 472.19K | 945.59K | 670.20K | 174.17K | Stockholders Equity |
| 7.10M | 9.23M | 7.67M | 8.72M | -29.27K |
| Cash Flow | Free Cash Flow | |||
| ― | -2.81M | ― | ― | 0.00 | Operating Cash Flow |
| ― | ― | ― | ― | 0.00 | Investing Cash Flow |
| ― | -2.84M | -3.52M | -658.91K | 0.00 | Financing Cash Flow |
| ― | 1.62M | -347.00K | 9.51M | 0.00 |
OD6 Metals Ltd. Technical Analysis
OD6 Metals Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | $4.62B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
53 Neutral | $190.73M | ― | -21.25% | ― | -70.50% | 62.71% | |
51 Neutral | $2.02B | -1.14 | -21.37% | 3.64% | 2.88% | -30.57% | |
47 Neutral | $4.12B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
38 Underperform | $270.90M | ― | -4.75% | ― | ― | -175.00% | |
38 Underperform | ― | ― | ― | ― | |||
36 Underperform | €1.53B | ― | -6.32% | ― | ― | 3.33% |
OD6 Metals Ltd. Corporate Events
OD6 Metals Ltd has received approval from the NSW Resources Regulator to recommence exploration activities at the Gulf Creek Copper Project in New South Wales. This follows the completion of six out of nine planned drill holes, with results expected soon. The company aims to use these results to guide further exploration in both brownfield and greenfield areas, enhancing their strategic exploration efforts. This development is expected to strengthen OD6’s position in the critical minerals sector, potentially impacting stakeholders by advancing the exploration of significant mineral resources.
OD6 Metals Ltd. has announced the publication of a peer-reviewed scientific paper in Ore Geology Reviews, detailing advanced geological research conducted at its Splinter Rock Rare Earth Project. The study, involving collaboration with several universities, outlines statistical methods for characterizing regolith samples, which has led to the identification of two mineralized horizons with superior project economics. These findings enhance OD6’s exploration capabilities and position the company strategically within the rare earth market, especially given the current geopolitical emphasis on resource security for rare earth elements.
OD6 Metals Ltd. has completed the acquisition of the Gulf Creek Copper Project, a historic high-grade copper-zinc VMS project in New South Wales, and has conducted a maiden drill program, although it was halted early by the NSW Resource Regulator. The company is awaiting assay results from the completed drill holes, which will guide future exploration efforts. Additionally, OD6 has completed a $1.17M placement, maintaining a strong cash balance of A$1.86M, and continues to optimize metallurgical processes at its Splinter Rock Project in collaboration with ANSTO.
OD6 Metals Ltd. announced the cessation of 300,000 securities, specifically options expiring on April 13, 2025, due to the expiry of these options without exercise or conversion. This announcement indicates a change in the company’s issued capital, which may affect stakeholders’ perception of the company’s financial strategies and future planning.
OD6 Metals Ltd. announced that all resolutions proposed at their General Meeting were passed successfully. This includes approvals and ratifications related to the issuance of placement options and shares, which are expected to support the company’s strategic initiatives and strengthen its financial position.
OD6 Metals Ltd has temporarily halted exploration activities at its Gulf Creek Copper Project in New South Wales following a notice from the NSW Resources Regulator due to identified concerns. The company is addressing these issues and expects to resume operations soon, with assay results from recent drilling anticipated in four weeks. This development is part of OD6’s broader strategy to leverage modern exploration technologies at historically underexplored sites, potentially impacting its market positioning in the critical minerals sector.
OD6 Metals Ltd has announced a general meeting of shareholders scheduled for April 9, 2025, in West Perth, Western Australia. The company has opted for electronic distribution of the meeting notice, encouraging shareholders to access the document online or via email. Shareholders are urged to submit proxy votes in advance, with the company monitoring government guidance for any potential changes to the meeting arrangements. This move reflects OD6 Metals’ commitment to efficient shareholder communication and adaptability in meeting logistics.
OD6 Metals Ltd. announced a change in its substantial holdings due to the dilution caused by the issuance of placement shares. This adjustment in shareholdings affects Geobase Australia Pty Ltd, which ceases to be a substantial holder after the change, impacting the company’s voting securities and possibly its strategic positioning in the market.
OD6 Metals Ltd. has filed a Notice of ceasing to be a substantial holder, indicating changes in relevant interests and associations concerning its voting securities. This announcement may affect stakeholders by altering the company’s shareholder structure, potentially impacting its control dynamics and market perception.
OD6 Metals Ltd. has commenced a maiden drill program at its Gulf Creek Copper VMS Project in New South Wales, aiming to test high-grade extensions and repeat VMS structures. The initial program includes around 2,000 meters of reverse circulation and diamond drilling, targeting historically mined high-grade copper areas. The program, expected to last six to eight weeks, seeks to enhance the company’s operational position by potentially unveiling significant copper mineralization, which could create substantial value for shareholders and mark a transformative period for the company.
OD6 Metals Limited has announced the issuance of 24,555,555 fully paid ordinary shares as part of a placement, with additional shares and options awaiting shareholder approval. This move is part of the company’s strategic initiatives to enhance its resource base and develop its exploration projects, potentially strengthening its position in the critical minerals sector.
OD6 Metals Ltd. announced the quotation of 24,555,555 fully paid ordinary securities on the ASX, as part of a previously announced transaction. This move is expected to strengthen the company’s operational capacity and enhance its market positioning, offering potential benefits to stakeholders by improving liquidity and capital resources.
OD6 Metals Ltd has reiterated its commitment to the mineral resources estimate for the Splinter Rock Project, aligning with previous announcements and emphasizing the importance of copper and rare earth elements in energy transition. Despite uncertainties in the market and the inherent risks of the mining industry, OD6 remains focused on maintaining its strategic position and ensuring all technical parameters and assumptions of its projects are consistently applied.
OD6 Metals Ltd. has successfully raised A$1.17 million through a share placement to sophisticated investors. The funds will accelerate exploration efforts at the Gulf Creek Copper Project, with drilling set to begin imminently. The capital raised will also support general working capital and the assessment of future opportunities, positioning OD6 Metals to advance its high-priority exploration targets and potentially expand its operations in the copper mining sector.