Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 3.20M | 3.20M | 6.59K | 100.00K | 29.65K | 0.00 |
Gross Profit | 3.18M | 3.20M | 1.57K | 100.00K | 29.65K | 0.00 |
EBITDA | 3.12M | 1.92M | -944.00K | -546.00K | -323.00K | 100.04K |
Net Income | 1.99M | 1.94M | -2.66M | -451.00K | -343.00K | 82.83K |
Balance Sheet | ||||||
Total Assets | 14.48M | 15.02M | 6.55M | 6.08M | 3.95M | 2.15M |
Cash, Cash Equivalents and Short-Term Investments | 4.43M | 6.01M | 1.23M | 1.13M | 2.04M | 468.46K |
Total Debt | 0.00 | 0.00 | 0.00 | 450.00K | 450.00K | 1.01M |
Total Liabilities | 158.52K | 338.86K | 524.55K | 555.45K | 489.65K | 1.37M |
Stockholders Equity | 14.32M | 14.69M | 6.03M | 5.53M | 3.46M | 783.61K |
Cash Flow | ||||||
Free Cash Flow | -3.18M | -4.77M | -1.61M | -1.34M | -934.79K | -403.93K |
Operating Cash Flow | -981.46K | -950.79K | -867.37K | -489.48K | -728.89K | -228.30K |
Investing Cash Flow | 1.93M | -617.16K | -881.34K | -2.62M | 154.43K | 256.81K |
Financing Cash Flow | 3.22M | 6.35M | 1.84M | 2.21M | 2.46M | 2.80K |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
70 Outperform | AU$7.00M | 3.13 | 16.50% | ― | ― | ― | |
43 Neutral | AU$1.41B | -6.14 | -40.62% | 3.98% | -4.78% | -42.91% | |
€4.48M | ― | -25.45% | ― | ― | ― | ||
€4.45M | ― | -24.05% | ― | ― | ― | ||
AU$8.31M | ― | -41.11% | ― | ― | ― | ||
43 Neutral | AU$9.07M | ― | -103.26% | ― | -100.00% | 44.94% | |
36 Underperform | AU$6.82M | ― | -39.64% | ― | ― | 46.88% |
Reach Resources Limited has confirmed an optimized Mineral Resource Estimate (MRE) for its Blue Heaven deposit at Murchison South, revealing a potential for shallow, open pit mining operations. The MRE, conducted by Mining Plus, indicates a resource of 61,300 ounces of gold, with 92% occurring in high-grade fresh rock. The current spot gold price of approximately A$5,000/oz presents a significant upside compared to the A$3,500/oz used in the MRE. With over 65% of the MRE classified as indicated and mineralization starting from the surface, the company is well-positioned to capitalize on the strong gold market. Additionally, metallurgical tests show a 97% recovery rate, and processing discussions are ongoing, suggesting potential positive implications for stakeholders.
Reach Resources Limited has announced an investor webinar scheduled for April 15, 2025, where CEO Jeremy Bower will present the latest results from the Murchison South Gold Project. This event aims to engage shareholders and investors, potentially impacting the company’s market positioning by providing insights into its operational progress and future prospects.
Reach Resources Limited has announced the completion of a Mineral Resource Estimate (MRE) for the Blue Heaven deposit at Murchison South, confirmed by independent consultants Mining Plus. The deposit, with a resource of 681,000 tonnes at 2.8 grams per tonne for 61,300 ounces of gold, shows potential for shallow, open-pit mining. With a strong gold market and a spot price significantly higher than the pit shell price used in the MRE, the company sees considerable upside potential. The majority of the resource is classified as indicated, with mineralization starting from the surface and remaining open along strike and at depth. The company is also conducting metallurgical test work, achieving a 97% recovery rate, and is in discussions for processing partnerships.
Reach Resources Limited has requested a trading halt on its securities pending an announcement about a mineral resource estimate for its Murchison South Gold Project. This trading halt is expected to end by the start of normal trading on April 9, 2025, or upon the release of the relevant announcement. The halt allows the company to manage the dissemination of significant information that could impact its market operations and stakeholder interests.
Reach Resources Limited announced the issuance of 20 million unquoted equity securities, with two new classes exercisable at $0.02 and $0.03, both expiring on April 1, 2028. This strategic move aims to bolster the company’s financial position and enhance its capability to pursue growth opportunities in the resource sector, potentially impacting its market positioning and stakeholder interests.
Reach Resources Limited has released its interim financial report for the half-year ending December 31, 2024. The report includes comprehensive financial statements and declarations, providing insights into the company’s financial position and performance. This release is crucial for stakeholders as it offers a detailed overview of the company’s financial health and operational outcomes during the period.
Reach Resources Limited announced successful results from their recent RC drilling program at the Murchison South gold project, with all 14 holes intersecting gold mineralization. These results validate previous drilling efforts and will be used by Mining Plus to optimize pit designs in high-grade areas, potentially enhancing the project’s economic viability and strengthening the company’s position in the gold mining sector.
Reach Resources Limited has addressed queries from ASX regarding the initial assay results from its Murchison South Gold Project. The company confirmed that the results from the first two drill holes could materially affect the price or value of its securities. However, due to the project’s nature and the need for comprehensive data from all 14 drill holes, the company delayed the announcement to avoid misleading investors. The company asserts compliance with ASX Listing Rules, emphasizing the importance of context in reporting isolated assay results.
Reach Resources Limited announced the issuance of unquoted equity securities, specifically options expiring on November 30, 2027, with exercise prices of $0.03 and $0.02. This issuance involves a total of 15,000,000 options, which are part of an employee incentive scheme and are not intended to be quoted on the ASX. This move could potentially enhance employee engagement and align their interests with the company’s long-term goals.
Reach Resources Limited has experienced a significant increase in both the price and trading volume of its securities, attributed to ongoing drilling activities at its Murchison South Gold Project. The company has completed an RC drilling program and plans to release initial results after a trading halt, which could impact market perceptions and investor interest.
Reach Resources Limited has announced promising assay results from the first two drill holes at its Murchison South gold project. These results show high-grade gold mineralization, aligning with historical data and suggesting the presence of significant gold resources. The drill program, which includes 14 holes, is expected to provide more insights once the remaining assays are received, potentially enhancing the company’s resource model and validating historical drilling efforts.
Reach Resources Limited has requested a trading halt on its securities, effective immediately, pending the release of an announcement. The halt is intended to address an ASX price query and to disclose assay results from the company’s Murchison South Gold Project. This move could impact the company’s stock performance and inform stakeholders of potential developments in their gold exploration activities.