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Zenith Minerals Limited
(Sydney:ZNC)
Zenith Minerals Limited (ZNC) vs. iShares MSCI Australia ETF (EWA)
Zenith Minerals Limited Business Overview & Revenue Model
Zenith Minerals Limited Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 539.26K | 668.32K | 1.64M | 1.12M | 247.24K | 514.52K |
| Gross Profit | 539.26K | 668.32K | 1.62M | 1.11M | 226.98K | 483.50K |
| EBITDA | -1.60M | -59.07K | -6.73M | -868.21K | 820.57K | -241.92K |
| Net Income | -2.40M | -4.47M | -9.31M | 1.47M | 2.01M | -383.40K |
Balance Sheet | ||||||
| Total Assets | 15.61M | 14.47M | 19.30M | 26.82M | 13.32M | 6.10M |
| Cash, Cash Equivalents and Short-Term Investments | 4.15M | 2.86M | 6.58M | 15.37M | 6.47M | 1.60M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 50.47K |
| Total Liabilities | 647.24K | 435.43K | 881.53K | 303.81K | 340.68K | 307.25K |
| Stockholders Equity | 14.96M | 14.04M | 18.42M | 26.52M | 12.98M | 5.79M |
Cash Flow | ||||||
| Free Cash Flow | -559.38K | -3.36M | -6.36M | -5.65M | -4.39M | -1.70M |
| Operating Cash Flow | 1.36M | -838.17K | -6.30M | -5.65M | -4.38M | -1.70M |
| Investing Cash Flow | -2.73M | -280.44K | 375.17K | -45.08K | 492.13K | 18.99K |
| Financing Cash Flow | 2.43M | 0.00 | 273.68K | 11.77M | 4.76M | 1.56M |
Zenith Minerals Limited Technical Analysis
Zenith Minerals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | AU$15.04M | 5.53 | 13.39% | 10.29% | ― | 35.16% | |
59 Neutral | €1.22B | 5.85 | -1.74% | 3.98% | 26.19% | -52.76% | |
45 Neutral | €18.53M | ― | -16.11% | ― | -68.83% | 74.52% | |
| ― | -4.06% | ― | ― | ― | |||
45 Neutral | AU$5.82M | ― | -8.84% | ― | ― | 64.06% | |
38 Underperform | AU$17.18M | ― | -8.45% | ― | ― | -100.00% | |
31 Underperform | AU$14.91M | ― | -186.04% | ― | ― | -47.06% |
Zenith Minerals Limited Corporate Events
Zenith Minerals Limited has released its quarterly investor update for May 2025, emphasizing its ongoing commitment to gold exploration. The update reiterates previously disclosed exploration results and confirms no new material changes, reinforcing the company’s strategic focus and stability in its operations.
Zenith Minerals Limited reported a significant quarter with key advancements in its Australian gold projects. The company completed a 40-hole RC drilling campaign at Dulcie Far North, revealing promising gold intercepts and indicating potential for resource expansion. Additionally, Zenith secured a grant for Red Mountain exploration and signed a Non-Binding Heads of Agreement to divest its interest in the Kavaklitepe Gold Project in Türkiye, allowing it to concentrate on domestic projects. These developments position Zenith for substantial growth in mineral resources and reinforce its strategic focus on domestic opportunities, with a strong financial position to support ongoing exploration and potential acquisitions.
Zenith Minerals Limited has secured a $275,000 grant from the Queensland Government’s Collaborative Exploration Initiative to fund deep diamond drilling at its Red Mountain Gold Project. This funding highlights the strategic importance of Red Mountain as a critical minerals target and will support efforts to explore the potential of a large-scale intrusion-related gold system with associated copper and molybdenum mineralization. The project has been independently assessed by RSC, confirming its potential as a vertically zoned IRGS/porphyry system, which could significantly enhance Zenith’s exploration capabilities and industry positioning.
Zenith Minerals Limited has announced significant progress in its drilling activities at the Dulcie Far North Gold Project in Western Australia. The company has completed 31 out of 40 planned holes in its Reverse Circulation drilling program, with promising results including high-grade gold assays and the discovery of a second stacked lode beneath the main shear zone. This development indicates potential for resource growth and supports Zenith’s broader strategy to enhance its gold development projects. The ongoing drilling efforts are expected to bolster resource confidence and explore new mineralization zones, contributing to the company’s strategic goals of expanding its gold resource portfolio.
Zenith Minerals Limited has entered into a Non-Binding Heads of Agreement with Gübretaş Maden to sell its remaining 20% equity interest in the Kavaklitepe Gold Project in Turkey for US$543,000. The transaction, expected to complete in the June Quarter 2025, will allow Zenith to focus on its core Australian gold discoveries at Dulcie Far North and Red Mountain. This divestment aligns with Zenith’s strategy of portfolio optimization and value creation, enabling the company to direct resources towards high-growth opportunities and maintain strong exploration momentum.
Zenith Minerals Limited has released its consolidated interim financial report for the half-year ended December 31, 2024. The report includes various financial statements and declarations, providing a comprehensive overview of the company’s financial position and performance during the period. This release is crucial for stakeholders as it offers insights into the company’s financial health and operational efficiency, potentially impacting investor confidence and market positioning.
Zenith Minerals Limited has announced that an independent technical review has identified its Red Mountain Gold Project in Queensland as a potential Mt Wright-style Intrusion-Related Gold System (IRGS), suggesting significant resource expansion potential at depth. This discovery, initially made by Zenith, is now revealing its true scale, indicating possible substantial mineralisation below current drilling depths. The company plans further drilling to explore deeper targets and has applied for a government grant to support these efforts, which could enhance its positioning in the gold mining sector.
Zenith Minerals Limited announced a change in the director’s interest notice, with Director Euan Jenkins acquiring additional ordinary shares in the company. This acquisition of shares indicates a potential increase in confidence in the company’s future prospects and could impact the company’s stock market perception.
Zenith Minerals Limited has announced a change in the interest of its director, Stanley Macdonald, with the expiration of 4,000,000 unlisted options exercisable at $0.39. This adjustment in securities does not impact the company’s ordinary shares held by the director, maintaining the company’s operational stability and focus on its core mineral exploration activities.
Zenith Minerals Limited announced the cessation of certain securities due to the expiry of options that were not exercised or converted. This announcement does not indicate immediate operational or market impacts but reflects on routine financial adjustments within the company’s issued capital framework.
Zenith Minerals Limited has advanced its Dulcie Far North gold project towards its next growth phase by securing Program of Work approval, enabling a new drilling campaign and the initiation of a Scoping Study to explore development options. The company is also expanding its exploration efforts, having identified new gold targets through historical data reviews, and is conducting due diligence on surrounding projects to consolidate resources, positioning DFN as a potential long-term gold development hub.