Top Page
Summit Minerals Limited
(Sydney:SUM)
Summit Minerals Limited (SUM) vs. S&P 500 (SPY)
Summit Minerals Limited Business Overview & Revenue Model
Summit Minerals Limited Financial Statement Overview
| Breakdown | ||
| Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|
| Income Statement | Total Revenue | |
| 418.38K | 66.29K | 0.00 | Gross Profit |
| 418.38K | 66.29K | 0.00 | EBIT |
| -3.20M | -935.81K | -1.64M | EBITDA |
| -3.20M | -791.61K | 0.00 | Net Income Common Stockholders |
| -4.82M | -959.81K | -1.64M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |
| 2.23M | 2.46M | 800.75K | Total Assets |
| 13.35M | 6.10M | 828.42K | Total Debt |
| 0.00 | 0.00 | 0.00 | Net Debt |
| -2.23M | -2.46M | -800.75K | Total Liabilities |
| 205.93K | 352.97K | 1.01M | Stockholders Equity |
| 13.14M | 5.75M | -179.95K |
| Cash Flow | Free Cash Flow | |
| -3.82M | -1.78M | -398.72K | Operating Cash Flow |
| -886.19K | -881.26K | -398.72K | Investing Cash Flow |
| -2.62M | -687.81K | -14.86K | Financing Cash Flow |
| 3.28M | 3.23M | 514.30K |
Summit Minerals Limited Technical Analysis
Summit Minerals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
52 Neutral | $184.69M | ― | -17.81% | ― | 87.89% | -344.44% | |
50 Neutral | $212.16M | ― | -21.25% | ― | -70.50% | 62.71% | |
50 Neutral | $1.98B | -1.06 | -21.29% | 3.61% | 1.95% | -30.60% | |
46 Neutral | $5.02B | 23.42 | -1.04% | ― | -65.07% | -102.37% | |
40 Underperform | ― | ― | ― | ― | |||
38 Underperform | $318.02M | ― | -4.75% | ― | ― | -175.00% | |
36 Underperform | €1.98B | ― | -6.32% | ― | ― | 3.33% |
Summit Minerals Limited Corporate Events
Summit Minerals Limited has initiated a new exploration strategy for its Brazilian projects, focusing on evidence-based target generation through a comprehensive soil sampling program at the Equador Project. This approach aims to identify geochemical anomalies for further exploration, particularly targeting rare and critical metals. The strategy includes a project-wide mapping program and plans for auger sampling at Juazerinho and Barra, enhancing the cost-effectiveness of drilling campaigns. The company is also assessing other projects in Minas Gerais for potential drilling, indicating a robust expansion of its exploration efforts.
Summit Minerals Limited announced the cessation of Gower He as a director, effective April 30, 2025. The notice details his interests in securities, including shares and options, held directly and through entities like Daman International Investments Pty Ltd and Equity Plan Services Pty Ltd. This change in directorship may influence the company’s governance and strategic direction, impacting stakeholders and potentially affecting market perceptions.
Summit Minerals Limited has announced the appointment of Matthew Cobb as a director effective from April 30, 2025. The initial director’s interest notice reveals that Cobb holds no direct securities but has interests through Equity Plan Services Pty Ltd, including 1,000,000 options and 2,000,000 performance rights with various expiration dates. This appointment and the associated interests could potentially influence the company’s strategic direction and stakeholder interests.
Summit Minerals Limited has appointed Dr. Matthew Cobb as Managing Director, transitioning from his previous role as CEO. Dr. Cobb, with 20 years of experience in the mining sector, will lead the company’s efforts in advancing its Equador Niobium and Rare Earth Elements Project in Brazil. This leadership change is expected to bolster Summit’s strategic focus on exploration and project development, potentially enhancing its market positioning and stakeholder value.
Summit Minerals Limited has announced significant leadership changes, appointing Dr. Matthew Cobb as the new CEO and transitioning Mr. Gower He to Executive Director. The company is refocusing its strategic efforts on its Brazilian portfolio, particularly the Equador Niobium Project, while suspending the drilling program at the Barra Lithium Project due to mechanical issues. Summit has also decided to terminate the acquisition of the Mundo Novo Niobium-REE Project to concentrate on its wholly-owned assets. These changes aim to enhance the company’s exploration capabilities and align with its core operational goals.
Summit Minerals Limited announced the issuance of unquoted equity securities, including 1,000,000 options exercisable at $0.22 expiring in April 2028 and 2,000,000 performance rights. This move is part of an employee incentive scheme, which could enhance employee engagement and align their interests with company performance, potentially impacting the company’s operational strategies and stakeholder value.
Summit Minerals Limited has conducted a strategic review of its Brazilian operations under the leadership of its new CEO, Dr. Matthew Cobb. This review has led to a refocused exploration strategy aimed at advancing high-potential targets, particularly at the Equador Project, where elevated tantalum grades have been identified. The company has also established a new in-country technical team to support these efforts. The review and subsequent findings are expected to unlock significant value from the Brazilian portfolio, with immediate plans for targeted drilling campaigns to validate promising areas.
Summit Minerals Limited announced the cessation of 3,750,000 securities due to the expiry of options or other convertible securities without exercise or conversion as of March 16, 2025. This cessation may affect the company’s capital structure and could have implications for stakeholders, as it reflects adjustments in the company’s financial instruments and market strategy.
Summit Minerals Ltd has released its half-year financial report for the period ending December 31, 2024. The report includes the company’s consolidated statement of profit or loss, financial position, changes in equity, and cash flows. This financial disclosure provides stakeholders with insights into the company’s financial health and operational performance over the past six months.
Summit Minerals Limited has announced a strategic shift in focus towards its Brazilian assets under the leadership of newly appointed CEO, Dr. Matthew Cobb. The company plans to implement an extensive Program of Work for 2025, concentrating on the Equador Niobium, Barra Lithium, and Juazerinho Niobium Projects. The site visits by Dr. Cobb and the in-country team aim to enhance data collection practices and establish a definitive work program. This initiative is expected to strengthen Summit’s position in the global niobium market, as Brazil is a leading producer, and to potentially increase the value of its projects in the Borborema Province.
Summit Minerals Limited has announced the cessation of certain securities, specifically 125,000 options expiring in October 2027 and 500,000 performance rights. These securities have lapsed due to the conditions for their issuance not being met. This update reflects an adjustment in the company’s issued capital, which may impact its financial strategy or stakeholder perceptions.