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Tolu Minerals Limited
(Sydney:TOK)
Tolu Minerals Limited (TOK) vs. iShares MSCI Australia ETF (EWA)
Tolu Minerals Limited Business Overview & Revenue Model
Tolu Minerals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -260.50K | -233.03K | -24.20K | -21.79K | -618.00 | 0.00 |
| EBITDA | -10.36M | -6.97M | -4.50M | -2.31M | -727.77K | -13.00 |
| Net Income | -11.05M | -7.62M | -4.91M | -2.86M | -810.37K | -13.00 |
Balance Sheet | ||||||
| Total Assets | 74.92M | 54.53M | 23.76M | 31.37M | 1.44M | 0.00 |
| Cash, Cash Equivalents and Short-Term Investments | 21.56M | 16.74M | 12.62M | 16.10M | 1.19M | 0.00 |
| Total Debt | 4.84M | 5.10M | 4.77M | 4.46M | 1.26M | 0.00 |
| Total Liabilities | 10.63M | 9.82M | 6.54M | 6.05M | 1.63M | 0.00 |
| Stockholders Equity | 64.29M | 44.71M | 17.22M | 25.31M | -189.38K | 0.00 |
Cash Flow | ||||||
| Free Cash Flow | -7.54M | -29.04M | -65.27K | -10.28M | -795.25K | 0.00 |
| Operating Cash Flow | -7.01M | -4.47M | 0.00 | -2.12M | -585.66K | 0.00 |
| Investing Cash Flow | -33.81M | -24.63M | -927.74K | -8.16M | -209.59K | 0.00 |
| Financing Cash Flow | 50.82M | 33.24M | 16.27M | 10.49M | 1.97M | 18.55K |
Tolu Minerals Limited Peers Comparison
Tolu Minerals Limited Corporate Events
Tolu Minerals Limited announced its presentation at the PNG Mining & Investment Conference, highlighting key updates on the Tolukuma Project. This announcement underscores Tolu’s commitment to advancing its projects and may enhance its industry positioning, potentially impacting stakeholders by showcasing progress and strategic direction.
Tolu Minerals Limited has announced significant progress in its Tolukuma Gold Mine operations, with the arrival of new drill rigs and the approval to recommence mining activities. The company is advancing its infrastructure with the tender release for the twin-drive development, which will enhance underground access and improve resource growth opportunities. Additionally, the refurbishment of the processing plant and new transport initiatives are set to reduce costs and support the company’s growth strategy.
Tolu Minerals Limited has announced the appointment of Chris Muller as the new Managing Director and CEO, effective November 10, 2025. Muller holds 2,020,000 fully paid ordinary shares and 2,200,000 performance rights, indicating a significant stake in the company. This leadership change is expected to influence the company’s strategic direction and operational focus, potentially impacting its market positioning and stakeholder interests.
Tolu Minerals Limited announced the cessation of John (Iain) Macpherson as a director, effective November 10, 2025. This change in the board of directors may impact the company’s strategic direction and governance. Macpherson held significant interests in the company through shares and performance rights, which were managed by TrustQore (BVI) Ltd as trustee for the Macpherson Family Trust and Madini Minerals Limited.
Tolu Minerals Limited has appointed Dr. Chris Muller as the new Managing Director and CEO, effective immediately. Dr. Muller, with over 25 years of experience in global mining and exploration, is expected to lead Tolu into a new phase of increased exploration and resource definition, paving the way for production. His extensive background includes significant contributions to the mining sector in Papua New Guinea, notably in mine restarts and resource discoveries, which positions him well to drive Tolu’s strategic goals.
Tolu Minerals Limited has announced the application for the quotation of 53,592,603 ordinary fully paid securities on the Australian Securities Exchange (ASX), under the code TOK. This move is likely to enhance the company’s liquidity and provide greater access to capital, potentially strengthening its market position and offering new opportunities for stakeholders.
Tolu Minerals Limited has announced the issuance of 6,610,000 fully paid ordinary securities under the ASX code TOK, effective November 7, 2025. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market positioning and providing new opportunities for stakeholders.
Tolu Minerals Limited has announced significant developments in its operations, including the appointment of Dr. Chris Muller as CEO and Managing Director. The company has successfully raised AUD $60.5 million to support its initiatives, which include restarting production at the Tolukuma Gold Mine and launching a 30,000-meter drilling program. These efforts are part of a broader strategy to enhance the mine’s output and explore new resource areas, positioning Tolu Minerals as a key player in the global mining landscape. The company’s focus on strategic realignment and exploration is expected to unlock the full potential of its assets, providing sustainable value for stakeholders.
Tolu Minerals Limited has announced the results of an independent review of its Mt Penck project, which confirmed the presence of high-priority copper-gold targets. The project benefits from existing road infrastructure and is positioned within a highly prospective copper-gold belt, attracting interest from major mining companies like Rio Tinto. This strategic positioning and the confirmed targets strengthen Tolu’s confidence in the potential for significant mineralization, guiding their upcoming exploration program and reinforcing the project’s importance in the region.
Tolu Minerals Limited has announced a change in the interests of its director, Howard Lole, who has disposed of 80,080 ordinary shares through an on-market sale valued at $108,508. Following this transaction, Mr. Lole no longer holds any ordinary shares directly, while Gusaba Company Limited, where he is a director and shareholder, retains 15,800,900 ordinary shares. This change reflects a strategic adjustment in Mr. Lole’s shareholding, potentially impacting his influence within the company.
Tolu Minerals Limited has announced the issuance and allotment of over 50 million ordinary fully paid shares, which have been applied for quotation on the ASX. This move signifies the company’s compliance with relevant provisions of the Corporations Act and indicates a strategic step in its financial operations, potentially impacting its market positioning and stakeholder interests.
Tolu Minerals Limited has successfully secured A$60.5 million through an institutional placement, reflecting strong investor confidence in its strategic direction and growth potential. The funds will be used to accelerate exploration activities, refurbish existing infrastructure, and support the expansion of the Tolukuma Gold Mine, positioning the company for larger-scale production.