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Venus Metals Corporation Limited
(Sydney:VMC)
Venus Metals Corporation Limited (VMC) vs. iShares MSCI Australia ETF (EWA)
Venus Metals Corporation Limited Business Overview & Revenue Model
Venus Metals Corporation Limited Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 267.29K | 33.53K | 46.08K | 1.03K | 137.25K | 250.66K |
| Gross Profit | 267.29K | 33.53K | -24.37K | -65.25K | 48.40K | 234.52K |
| EBITDA | -2.56M | -4.37M | -5.09M | -6.48M | -4.72M | -3.54M |
| Net Income | -4.78M | 29.47M | -5.15M | -7.35M | -3.01M | 465.77K |
Balance Sheet | ||||||
| Total Assets | 24.66M | 26.07M | 9.28M | 9.39M | 12.10M | 13.26M |
| Cash, Cash Equivalents and Short-Term Investments | 455.15K | 701.97K | 5.08M | 6.48M | 6.73M | 8.34M |
| Total Debt | 38.67K | 50.47K | 27.17K | 27.17K | 53.12K | 119.01K |
| Total Liabilities | 466.67K | 424.04K | 7.16M | 5.01M | 2.49M | 946.16K |
| Stockholders Equity | 24.20M | 25.64M | 2.12M | 4.38M | 9.61M | 12.31M |
Cash Flow | ||||||
| Free Cash Flow | -2.50M | -2.79M | -3.97M | -3.90M | -2.95M | -2.14M |
| Operating Cash Flow | -2.50M | -2.77M | -3.35M | -3.86M | -2.89M | -1.93M |
| Investing Cash Flow | 256.94K | -125.20K | -653.04K | 2.61M | 4.63M | -1.56M |
| Financing Cash Flow | 398.59K | 93.36K | 2.03M | 2.03M | -13.52K | 6.27M |
Venus Metals Corporation Limited Technical Analysis
Venus Metals Corporation Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
52 Neutral | AU$23.45M | ― | -31.54% | ― | ― | 19.31% | |
46 Neutral | AU$19.61M | 0.73 | -21.57% | ― | ― | -115.48% | |
45 Neutral | AU$23.14M | ― | -7.62% | ― | -20.95% | -38.60% | |
44 Neutral | AU$34.88M | ― | -27.37% | ― | ― | 51.38% | |
43 Neutral | AU$1.38B | -6.10 | -40.62% | 4.25% | -4.78% | -43.21% | |
32 Underperform | AU$20.92M | ― | -8.44% | ― | ― | 20.00% | |
32 Underperform | AU$25.05M | ― | -47.04% | ― | ― | -30.23% |
Venus Metals Corporation Limited Corporate Events
Venus Metals Corporation Limited has commenced diamond drilling at its Pincher Copper Project, co-funded by an EIS drilling grant. This initiative, involving Terra Drilling Pty Ltd, includes multiple campaigns targeting copper and zinc at the Youanmi Base Metals Project, as well as gold at the Bellchambers Gold Project. The drilling aims to explore significant anomalies and gather metallurgical samples, potentially enhancing Venus Metals’ resource base and strengthening its position in the mining sector.
Venus Metals Corporation Limited has reported promising results from its recent reverse circulation drilling program at the Bellchambers Gold Deposit and Rangeview prospects in Western Australia. The drilling, which included 34 holes totaling 1749 meters, aimed to confirm and infill known mineralization areas, resulting in intersections that met expectations. This progress will facilitate an updated Mineral Resource Estimate (MRE) and potential mine development at Bellchambers, with a focus on near-surface oxide mineralization. The company plans to conduct further diamond drilling to support development options.
Venus Metals Corporation Limited has announced that Helmsmen Limited has become a substantial holder in the company, acquiring a 10.20% voting power through the purchase of 20,000,000 ordinary shares. This acquisition, valued at $2,000,000, signifies a significant stake in the company, potentially impacting its operations and market positioning by bringing in new strategic interests and possibly influencing future decisions.
Venus Metals Corporation Limited announced that Pazifik Pty Ltd has ceased to be a substantial holder in the company following an off-market sale of 20,000,000 ordinary shares, representing a 10.20% voting interest. This change reflects a significant shift in the company’s shareholder structure, potentially impacting its market positioning and stakeholder dynamics.
Venus Metals Corporation Limited has announced that its subsidiary, Redscope Enterprises Pty Ltd, has secured a grant from the Western Australian Government’s Co-Funded Exploration Incentive Scheme for diamond drilling at the Pincher Copper Project. The grant will cover up to $52,500, contributing to 50% of the drilling and mobilization costs. This initiative aims to explore a significant anomaly detected through recent surveys, potentially impacting the company’s strategic positioning in the base metals sector.
Venus Metals Corporation Limited has initiated a collaborative research project with CSIRO at the Sandstone Gold Project to enhance exploration using advanced hyperspectral techniques. This project aims to integrate hyperspectral satellite imagery with downhole and surface data to improve the understanding of mineral systems and guide gold and copper exploration. The initiative, supported by CSIRO’s Kick-Start Program, is expected to last six months and could significantly impact Venus’s exploration capabilities and market positioning.
Venus Metals Corporation Limited has initiated a reverse circulation (RC) drilling program at its Sandstone Gold Project, specifically targeting the Bellchambers deposit. This program aims to upgrade the mineral resource classification from indicated to measured, explore potential extensions, and identify new opportunities to expand the gold resource. The drilling is expected to take two weeks, with assay results anticipated in the following month, which will inform an updated resource estimate and further metallurgical testing. This initiative signifies Venus Metals’ strategic efforts to advance the project towards potential mining and treatment, enhancing its positioning in the gold exploration sector.
Venus Metals Corporation Limited has released a company presentation to provide an overview of its current prospects and development strategy. The presentation highlights the risks associated with investing in the company, including metals price volatility and operational risks, and emphasizes that it is not a comprehensive investment guide. The release underscores the company’s commitment to transparency while acknowledging the inherent uncertainties in the mining sector.
Venus Metals Corporation Limited has announced a change in the director’s interest, specifically regarding Matthew Hogan’s acquisition of additional ordinary shares. This change, resulting from an on-market trade, reflects an increase in Hogan’s direct interest in the company, potentially signaling confidence in the company’s future prospects.
Venus Metals Corporation Limited announced a change in the director’s interest, with Matthew Hogan acquiring an additional 72,851 ordinary shares through an on-market trade, valued at $6,838.29. This change reflects an increase in Hogan’s stake in the company, potentially signaling confidence in the company’s future prospects and impacting stakeholder perceptions.
Venus Metals Corporation Limited reported its quarterly activities for the period ending March 31, 2025, highlighting significant developments in its gold projects. At the Sandstone Gold Project, promising recovery rates were observed in bottle-roll analyses, and future drilling plans aim to enhance mineralization. The Henderson Gold Project showed high-grade gold potential, with notable drilling results and plans for further exploration. Additionally, the appointment of Simon Coxhell as a non-executive director is expected to bolster the company’s strategic direction, leveraging his extensive experience in gold mining to advance the Bellchambers deposit and future exploration initiatives.
Venus Metals Corporation Limited has announced a proposed issue of 4,587,156 ordinary fully paid securities, scheduled for issuance on May 5, 2025. This move is part of a placement or other type of issue, potentially impacting the company’s capital structure and providing additional resources for its operations, which may influence its market positioning and stakeholder interests.
Venus Metals Corporation Limited has entered into a drill for equity agreement with Topdrill Pty Ltd to conduct RC and Diamond drilling campaigns across several projects over the next three months. The drilling will target the Bellchambers Gold Project, Henderson Gold Project, and Youanmi Base Metals Project, aiming to explore and expand their mineral resources. This strategic move is expected to enhance Venus Metals’ exploration capabilities and potentially increase its resource base, strengthening its position in the mining industry.