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Prospect Resources Ltd.
(Sydney:PSC)
Prospect Resources Ltd. (PSC) vs. iShares MSCI Australia ETF (EWA)
Prospect Resources Ltd. Business Overview & Revenue Model
Prospect Resources 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 | 417.00K | 369.00K | Gross Profit |
| -54.00K | -133.00K | -106.00K | -56.00K | 390.00K | 109.00K | EBIT |
| -7.98M | -7.32M | -6.20M | -5.77M | -2.78M | -4.34M | EBITDA |
| -7.78M | -6.71M | -5.08M | -17.82M | -2.54M | -4.25M | Net Income Common Stockholders |
| -7.83M | -7.01M | -5.48M | -17.82M | -2.22M | -4.39M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 8.57M | 8.36M | 26.19M | 474.29M | 7.88M | 1.71M | Total Assets |
| 33.98M | 27.31M | 29.77M | 475.59M | 35.26M | 28.55M | Total Debt |
| 10.00K | 41.00K | 98.00K | 36.00K | 76.00K | 0.00 | Net Debt |
| -8.53M | -8.30M | -26.09M | -474.25M | -7.80M | -1.70M | Total Liabilities |
| 964.00K | 1.05M | 708.00K | 1.33M | 1.30M | 680.00K | Stockholders Equity |
| 33.03M | 26.27M | 29.07M | 475.16M | 35.34M | 29.09M |
| Cash Flow | Free Cash Flow | ||||
| -3.03M | -9.32M | -6.35M | -10.05M | -6.14M | -7.39M | Operating Cash Flow |
| -2.73M | -6.42M | -4.76M | -5.24M | -2.51M | -4.21M | Investing Cash Flow |
| -4.72K | -11.41M | -3.07M | 451.91M | -2.98M | -3.14M | Financing Cash Flow |
| -23.52K | -63.00K | -440.43M | 19.72M | 11.68M | 3.56M |
Prospect Resources Ltd. Technical Analysis
Prospect Resources Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $4.62B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% | |
50 Neutral | AU$197.16M | ― | -21.25% | ― | -70.50% | 62.71% | |
50 Neutral | $1.99B | -1.06 | -21.34% | 3.71% | 2.03% | -30.65% | |
46 Neutral | $4.44B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
38 Underperform | $294.46M | ― | -4.75% | ― | ― | -175.00% | |
36 Underperform | AU$94.98M | ― | -26.16% | ― | ― | -28.93% | |
36 Underperform | AU$1.58B | ― | -6.32% | ― | ― | 3.33% |
Prospect Resources Ltd. Corporate Events
Prospect Resources Limited has announced that Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in the company. This change in substantial holding was due to the purchase of securities by an entity controlled by Morgan Stanley, affecting 3,100,000 fully paid ordinary shares. The announcement may impact the company’s shareholder structure and could have implications for its market positioning and stakeholder interests.
Prospect Resources Ltd. has announced that Morgan Stanley and its subsidiaries have ceased to be substantial holders in the company as of April 22, 2025. This change in shareholding, which involved the acquisition of 3,100,000 ordinary shares by Morgan Stanley Australia Securities Limited on March 18, 2025, could impact the company’s market perception and investor confidence, as substantial holders often play a significant role in influencing company decisions and strategies.
Prospect Resources Limited has announced that it has become a substantial holder of its own ordinary shares, with a total of 101,058,173 shares, representing 15% of the voting power. This development is significant as it indicates a consolidation of control within the company, potentially impacting its strategic decisions and market positioning.
Prospect Resources Limited has announced that FQMA Holdings Pty Ltd, along with its associated entities, has become a substantial holder in the company as of April 22, 2025. FQMA now holds 15% of the voting power in Prospect Resources, having acquired over 101 million ordinary shares through an investment agreement. This development signifies a significant shift in the ownership structure of Prospect Resources, potentially impacting its strategic direction and influence within the industry.
Prospect Resources Ltd. has announced a change in the substantial holding of its shares by Eagle Eye Asset Holdings Pte Ltd. The change, which occurred due to a dilution following the issuance of new shares by the company to another shareholder, resulted in Eagle Eye’s voting power decreasing from 15.28% to 13.01%. This adjustment in shareholding reflects the dynamic nature of shareholder interests and could potentially impact the company’s governance and decision-making processes.
Prospect Resources Limited has announced a long equity derivative position notice received from Weiss Asset Management LP, under the guidance of the Australian Takeovers Panel. This involves cash-settled equity swaps related to 81,198,521 securities of Prospect Resources, indicating a significant stake by Weiss Group, which could impact the company’s market dynamics and stakeholder interests.
Prospect Resources Limited has successfully completed a strategic investment, raising A$15.2 million through the issuance of over 101 million new ordinary shares at A$0.15 each. This investment, backed by First Quantum Minerals Ltd, is expected to enhance the company’s financial position and support its strategic initiatives. The shares are subject to an 18-month voluntary escrow, and the company has complied with all relevant regulatory requirements, ensuring transparency and adherence to the Corporations Act 2001.
Prospect Resources Ltd. has announced the application for the quotation of 101,058,173 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions, potentially enhancing the company’s capital structure and market presence. The issuance of these securities is expected to support the company’s strategic initiatives and operational expansion, potentially impacting its positioning within the mining industry and benefiting its stakeholders.
Prospect Resources Ltd has announced a maiden Mineral Resource estimate for its Mumbezhi Copper Project in Zambia, highlighting significant copper mineralization at the Nyungu Central and Kabikupa deposits. The company has also received environmental and mining licenses, allowing for further exploration and potential development. A strategic investment by First Quantum Minerals will support Prospect’s future exploration efforts, positioning the company for growth in the copper industry.
Prospect Resources Limited has announced a proposed issue of 123,250,171 ordinary fully paid securities, scheduled for issuance on April 22, 2025. This move is part of a placement or other type of issue, aimed at raising capital to support the company’s operations and strategic initiatives. The issuance could potentially enhance the company’s financial flexibility and strengthen its market position, benefiting stakeholders by aligning with the increasing demand for lithium in the renewable energy sector.
Prospect Resources Limited has requested a trading halt on its securities, pending an announcement related to a capital raising. The halt will remain in place until the announcement is made or until the commencement of trading on April 16, 2025. This move indicates that the company is preparing to raise capital, which could have significant implications for its financial strategy and market position.
Prospect Resources Limited announced the issuance of 500,000 unlisted options under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to incentivize its workforce, potentially enhancing employee engagement and aligning their interests with the company’s long-term growth objectives.
Prospect Resources Limited has announced a change in the director’s interest, specifically regarding Ian Goldberg, who has seen a lapse in performance rights due to unmet performance conditions. This adjustment reflects a decrease in the number of performance rights held by Goldberg, which may impact stakeholder perceptions of executive performance and alignment with company goals.
Prospect Resources Limited has announced a change in the director’s interest, specifically involving Samuel Hosack. The notice details the disposal of 668,077 performance rights expiring in August 2026, resulting in a revised holding of 408,269 performance rights. This change reflects adjustments in the director’s indirect interests, which may impact the company’s governance and stakeholder confidence.
Prospect Resources Limited has announced the issuance of 338,333 performance rights as part of an employee incentive scheme. These unquoted securities, which are not intended to be listed on the ASX, were issued on March 19, 2025, and are part of the company’s strategy to motivate and retain key personnel, potentially impacting its operational efficiency and stakeholder engagement.
Prospect Resources Limited has announced the issuance of unquoted equity securities, including unlisted options and performance rights, as part of an employee incentive scheme. This move is likely aimed at enhancing employee motivation and retention, potentially strengthening the company’s operational capabilities and market position in the competitive mining sector.
Prospect Resources Limited has identified a high-priority drill target at Nyungu South within its Mumbezhi Copper Project in Zambia. The discovery of a significant geochemical anomaly, coinciding with a chargeable IP anomaly, underscores the strong prospectivity of this target, which is set to be a focus in the upcoming Phase 2 drilling campaign. This development highlights the potential for expanding the company’s resource base and strengthening its position in the copper exploration sector.
Prospect Resources Ltd has been granted two Large-Scale Mining Licences for its Mumbezhi Copper Project in Zambia, marking a pivotal transition for the project and providing a 25-year tenure security. This development enhances the project’s legal and permitting framework, facilitating further advancement, financing, and strategic partnerships. The licences align with Zambia’s vision to increase copper production and offer Prospect the opportunity to negotiate investment incentives under the Zambia Development Agency framework. The company plans to expand its resource base with additional drilling and is committed to working with stakeholders to ensure economic benefits and uphold environmental and social governance standards.
Prospect Resources Limited has announced a maiden Mineral Resource estimate for its Mumbezhi Copper Project in north-west Zambia, totaling 107.2 million tonnes at an average grade of 0.5% copper. This estimate, which covers the Nyungu Central and Kabikupa deposits, marks a significant milestone in the company’s exploration efforts. The project shows strong potential for further resource definition, with extensive exploration opportunities identified in the surrounding region. The company plans to commence a Phase 2 drilling program in Q2 2025 and is on track to receive large-scale mining licenses in Q1 2025, with a scoping study expected by Q4 2025. This development positions Prospect Resources strategically within the copper mining industry, potentially enhancing its market presence and offering promising opportunities for stakeholders.
Prospect Resources Ltd. has released its half-year financial report for the period ending December 31, 2024. The report provides insights into the company’s financial performance, highlighting key figures and developments. While specific financial details are not disclosed in the release, the document serves as an official update for stakeholders, reflecting the company’s ongoing operations and strategic positioning in the market.
Prospect Resources Ltd. has successfully validated the use of Induced Polarisation (IP) geophysics as an effective targeting tool at its Nyungu Central deposit within the Mumbezhi Copper Project in Zambia. The acquisition and interpretation of historical IP data from Anglo American have confirmed strong correlations with mineralization, enhancing the company’s exploration strategy. The approval of the Environmental and Social Impact Assessment by the Zambia Environmental Management Agency and the upcoming Phase 2 drilling program underscore the project’s potential to expand the copper mineralization footprint significantly.
Prospect Resources Limited announced a late lodgement of Appendices 3Y, which detail changes in the interests of Managing Director Samuel Hosack and Executive Director Ian Goldberg due to the issuance of performance rights and options. The company attributes the delay to an administrative oversight but assures that this is an isolated incident and that its current reporting practices are adequate to meet ASX disclosure requirements.
Prospect Resources Limited has announced the issuance of new unquoted equity securities as part of an employee incentive scheme. This includes 4,975,067 performance rights expiring in 2027 and 15,181,253 unlisted options expiring in 2028. This move is likely to bolster employee engagement and align company interests with long-term strategic goals, potentially enhancing the company’s position in the competitive mining industry.
Prospect Resources Limited has announced the issuance of 939,231 shares following the conversion of performance rights. This move, executed on February 6, 2025, aligns with the company’s compliance with relevant provisions of the Corporations Act, suggesting a strategic effort to bolster its financial standing through the issuance of shares. The notification was sanctioned by the Board, indicating a structured approach to maintaining transparency and regulatory compliance.