Lake Resources NL (LKE) Report Analysis
Corporate Events
Sharecafé Pty Ltd, Share Cafe Webinar - Micro/Small Cap "Hidden Gems" Webinar 2022, Jun 24, 2022
2022-06-24 00:00:00
Sharecafé Pty Ltd, Share Cafe Webinar - Micro/Small Cap "Hidden Gems" Webinar 2022, Jun 24, 2022.
Lake Resources NL Presents at Share Cafe Webinar - Micro/Small Cap "Hidden Gems" Webinar 2022, Jun-24-2022 12:30 PM
2022-06-24 00:00:00
Lake Resources NL Presents at Share Cafe Webinar - Micro/Small Cap "Hidden Gems" Webinar 2022, Jun-24-2022 12:30 PM. Speakers: Stu Crow.
Lake Appoints Stu Crow as Executive Chairman
2022-06-19 23:55:00
Lake Resources NL announced that as part of the transition to serve critical North American and Asian supply chains Chairman Stu Crow will be appointed executive chairman to oversee the transition for a period of six months. As part of this transition to North America current Managing Director Steve Promnitz will depart after establishing Lake's dominant position in Argentina.
Lake Resources NL(ASX:LKE) added to S&P/ASX 200 Index
2022-06-17 00:00:00
Lake Resources NL(ASX:LKE) added to S&P/ASX 200 Index
Lake Resources NL(ASX:LKE) added to S&P/ASX 200 Materials Sector Index
2022-06-17 00:00:00
Lake Resources NL(ASX:LKE) added to S&P/ASX 200 Materials Sector Index
Lake Resources NL Presents at Fastmarkets Lithium Supply & Battery Raw Materials, Jun-27-2022 through Jun-29-2022
2022-05-25 07:37:00
Lake Resources NL Presents at Fastmarkets Lithium Supply & Battery Raw Materials, Jun-27-2022 through Jun-29-2022. Venue: Phoenix, Arizona, United States. Presentation Date & Speakers: Jun-27-2022, Steve Promnitz, Managing Director. Jun-28-2022, Steve Promnitz, Managing Director.
FastMarkets Ltd., Fastmarkets Lithium Supply & Battery Raw Materials, Jun 27, 2022 through Jun 29, 2022
2022-05-24 00:00:00
FastMarkets Ltd., Fastmarkets Lithium Supply & Battery Raw Materials, Jun 27, 2022 through Jun 29, 2022. Venue: Phoenix, Arizona, United States.
Lake Resources NL Announces Resignation of Garry Gill as Joint Company Secretary
2022-05-02 23:05:00
Lake Resources NL announced that Mr. Garry Gill has resigned as Joint Company Secretary. Mr. Peter Neilsen will continue as Company Secretary and CFO.
Lake Resources NL Presents at Planet MicroCap Showcase 2022, May-04-2022 11:00 AM
2022-04-12 19:09:00
Lake Resources NL Presents at Planet MicroCap Showcase 2022, May-04-2022 11:00 AM. Venue: Bally's Hotel and Casino, Las Vagas, Nevada, United States. Speakers: Stephen C. Promnitz, MD, CEO & Executive Director.
Lake Resources NL and Ford Motor Company Sign Non-Binding Memorandum of Understanding for Lithium Offtake
2022-04-10 22:18:00
Lake Resources NL (Lake) announced an offtake of approximately 25,000 tonnes per annum (tpa) of lithium from the Kachi Project has been signed in a non-binding Memorandum of Understanding (MoU) with Ford Motor Company (Ford). Ford has consented to this market release. Lake will update the market on progress on the implementation of the MOU with Ford as soon as it is able to do so.
Lake Resources NL Presents at 121 Mining Investment Conference London, May-23-2022
2022-03-29 16:45:00
Lake Resources NL Presents at 121 Mining Investment Conference London, May-23-2022 . Venue: etc.venues County Hall, Riverside Building, Belvedere Road, London, United Kingdom. Speakers: Stephen C. Promnitz, MD, CEO & Executive Director.
121 Group LLC, 121 Mining Conference, Mar 30, 2022 through Mar 31, 2022
2022-03-25 10:52:00
121 Group LLC, 121 Mining Conference, Mar 30, 2022 through Mar 31, 2022. Venue: Las Vegas, Nevada, United States.
Lake Resources NL Presents at 121 Mining Conference, Mar-30-2022 11:50 AM
2022-03-25 10:52:00
Lake Resources NL Presents at 121 Mining Conference, Mar-30-2022 11:50 AM. Venue: Las Vegas, Nevada, United States. Speakers: Stephen C. Promnitz, MD, CEO & Executive Director.
Lake Resources NL Announces Expansion Strategy to Fast-Track Lithium Projects Initiated
2022-02-13 22:09:00
Lake Resources NL is bringing forward a $15 million program across its three 100 % owned projects - Olaroz, Cauchari and Paso - for drilling and brine testing to fast- track these projects into feasibility studies in the TARGET 100 Program. Lake has initiated an expansion and integration strategy to fast-track its portfolio of assets in Argentina to deliver the TARGET 100 Program being the aspirational goal to produce annually 100,000 tonnes of high purity lithium to market by 2030. A separate exploration and testing team dedicated to rapid development across Lake's three other brine projects in Argentina will be utilising the comprehensive data set developed during the Kachi project's direct extraction processing test work. The drilling program has started with the first rotary well of a 4,000m 10-hole program, in the northern areas of the Olaroz leases, which cover a 30km long area on the eastern side of established lithium producers. These projects are located in Jujuy province, in the north-west of Argentina, close to the Allkem (Orocobre) Olaroz operation and the Lithium Americas Ganfeng JV Cauchari project. The drill wells are designed to quickly quantify brines identified, develop the aquifers, and conduct pumping tests and provide data for initial feasibility studies. Rotary wells will be followed later by diamond holes. Brines will be sampled and tested with environmentally friendly direct lithium extraction method, similar to previous work conducted on Kachi project lithium brines.
121 Group Ltd, 121 Mining Investment Conference London, May 23, 2022 through May 24, 2022
2022-01-11 02:42:00
121 Group Ltd, 121 Mining Investment Conference London, May 23, 2022 through May 24, 2022. Venue: etc.venues County Hall, Riverside Building, Belvedere Road, London, United Kingdom.
SNN, Inc., Planet MicroCap Showcase 2022, May 03, 2022 through May 05, 2022
2022-01-04 00:00:00
SNN, Inc., Planet MicroCap Showcase 2022, May 03, 2022 through May 05, 2022. Venue: Bally's Hotel and Casino, Las Vagas, Nevada, United States.
Lake Resources NL Announces New Drilling at Olaroz, Cauchari & Paso to Expand Lake's Lithium Projects
2021-12-15 21:51:00
Lake Resources NL is aiming to expand its lithium projects and potential resources with new drilling at Lake's 100% owned lithium brine projects at Olaroz, Cauchari and Paso starting late January 2022 with a 10 hole 4000m drill program. These projects are located in Jujuy province, north-west Argentina, close to the Allkem (Orocobre) Olaroz operation and Lithium Americas - Ganfeng Cauchari project. The drill program will be spread across the three projects, starting at the northern areas of the Olaroz leases, which cover 30km on the eastern side of established lithium producers. A second rotary drill rig is being sourced to potentially work alongside the diamond rig to quickly quantify brines identified, develop the aquifers and conduct pumping tests. Passive seismic geophysics are currently underway to be potentially followed by detailed electromagnetic geophysical surveys over key areas, once identified. Brines will be sampled and tested with environmentally friendly direct lithium extraction methods, similar to previous work conducted on Kachi project lithium brines. This will be followed by a scoping study to expand future production, with Lake planning to commence pre-feasibility study work once a resource has been defined. Lake has previously drilled and confirmed multiple high-grade lithium brines zones at it's Cauchari Project over a 506m interval (102m to 608m depth). This drilling confirmed similar grades and lithium brines extending into Lake's properties from the adjoining Ganfeng/Lithium Americas JV production development at Cauchari. The higher-grade results averaged 493 mg/L lithium over 343m (from 117m to 460m), up to 540 mg/L. Lake anticipates similar potential from Olaroz and Paso. Lake holds mining leases over 47,000 hectares over the three lithium brine projects of Cauchari, Olaroz and Paso. At Olaroz, which is north of Cauchari, Lake's leases extend over 30 kilometres east and north of the adjoining Allkem (Orocobre's) Olaroz lithium production leases. The new drilling follows recent drilling and DFS development work at Lake's Kachi Lithium Project, in support of doubling the production target to meet the increasing demand for high-grade, battery quality lithiumproduced via the environmentally sustainable, direct extraction process. These additional projects make Lake well placed to expand output, with support from export credit agencies and international investors. These moves follow further upgrades in lithium demand forecasts by a range of analysts and increased electric vehicle (EV) production plans by major automakers. This demand highlights the need for increased supply ofbattery-grade lithium such as planned from the environmentally sustainable, direct lithium extraction method Lake will be using.
Lake Resources NL Updates Drilling Reinforces Doubling Lithium Production
2021-12-14 22:50:00
Lake Resources NL confirmed that drilling to date at its Kachi Lithium Project continues to reinforce prior lithium assay results and indicates lithium brines extend well beyond the limits of the current resource. Continued similar results would support a doubling of future planned production targeting 50,000tpa LCE (lithium carbonate equivalent). The drilling footprint will be expanded next year, with additional rotary drill rigs, with the intention to upgrade and expand the resource, to support the completion of the Definitive Feasibility Study (DFS) and the final investment decision (FID) on the Kachi Project. A more detailed announcement with results and the planned drill program will be released early in the new year. The scale and upside potential of the Kachi project was highlighted in a recent site visit by a project finance due diligence team for the Export Credit Agency (ECA) led project finance. The Kachi Project covers 74,000 hectares (183,000 acres) of leases, in a region subject to intensifying M&A activity and investment . Drilling to date focused on the southwest corner of the known salt lake and surrounds. The Resource Statement released to the ASX on 27 November 2018 identified considerable upside beyond the large identified total resource of 4.4 Mt LCE (Indicated 1.0Mt, Inferred 3.4Mt). Less than 20% of the current total resource is utilised for the planned 25,500 tpa lithium carbonate production over 25 years. The scale and potential can be seen in a new 3D fly-through of Lake's Kachi Lithium Brine Project, available on the Lake website. New infill drilling is designed to assist the conversion of resources to a higher category with increased data. Drilling will enable Lake to convert Inferred Resources to Measured and Indicated (M&I) Resources, to allow for a production expansion study targeting 50,000 tonnes per annum (tpa) lithium carbonate. A 1200m, four well diamond drill programme is underway and the program may be extended. Initial results are pending. A water well rig has completed three wells exploring process water options. A third rig has been completing pre-collar holes and pumping brine samples. A further rig is planned for production well drilling in coming months in 2022. Lake executives were recently in London and received support and encouragement for the project in recent discussions with ECA's and ECA-supported international banks.
Lake Resources NL Presents at Benchmark Week 2021, Dec-06-2021 through Dec-08-2021
2021-12-03 11:21:00
Lake Resources NL Presents at Benchmark Week 2021, Dec-06-2021 through Dec-08-2021. Presentation Date & Speakers: Dec-07-2021, Steve Promnitz, Managing Director. Dec-08-2021, Steve Promnitz, Managing Director.
Benchmark Mineral Intelligence, Benchmark Week 2021, Dec 06, 2021 through Dec 08, 2021
2021-11-30 20:45:00
Benchmark Mineral Intelligence, Benchmark Week 2021, Dec 06, 2021 through Dec 08, 2021.
Lake Resources NL Presents at The Noosa Mining Investor Conference, Nov-12-2021 10:45 AM
2021-11-08 12:58:00
Lake Resources NL Presents at The Noosa Mining Investor Conference, Nov-12-2021 10:45 AM. Speakers: Steve Promnitz, Managing Director.
Lake Resources NL Presents at Copper, Base, and Precious Metals Conference, Nov-10-2021 11:30 AM
2021-11-05 06:17:00
Lake Resources NL Presents at Copper, Base, and Precious Metals Conference, Nov-10-2021 11:30 AM. Speakers: Stephen C. Promnitz, MD, CEO & Director.
Lake Resources NL Appoints Gautam Parimoo as Chief Operating Officer
2021-11-02 22:30:00
Lake Resources NL has strengthened its management team in Argentina with the appointment of Mr. Gautam Parimoo as Chief Operating Officer (COO). His immediate responsibility is to drive the Company's Kachi Lithium Brine Project from feasibility through construction and commissioning into steady state production. Gautam comes to Lake from a successful background as project director, having executed the studies, construction and/or pre-production/start-up of several large-scale projects in South America.
Lake Resources NL - Special Call
2021-10-21 04:17:00
ShareCafe Due Diligence Series: Lake Resources
Lake Resources NL Presents at Future Energy Investor Conference, Oct-21-2021 10:50 AM
2021-10-20 23:41:00
Lake Resources NL Presents at Future Energy Investor Conference, Oct-21-2021 10:50 AM. Speakers: Steve Primnitz.
PEI Media Group Ltd., Future Energy Investor Conference, Oct 21, 2021
2021-10-13 22:46:00
PEI Media Group Ltd., Future Energy Investor Conference, Oct 21, 2021.
Lake Resources NL Presents at Red Cloud Oktoberfest Fall Mining Showcase Conference, Oct-18-2021
2021-09-29 19:53:00
Lake Resources NL Presents at Red Cloud Oktoberfest Fall Mining Showcase Conference, Oct-18-2021 .
Lake Resources NL Presents at Spark Plus Metals & Mining Day, Sep-30-2021 12:45 PM
2021-09-28 23:05:00
Lake Resources NL Presents at Spark Plus Metals & Mining Day, Sep-30-2021 12:45 PM. Speakers: Stephen C. Promnitz, MD & Director.
Spark Plus Pte. Ltd., Spark Plus Metals & Mining Day, Sep 30, 2021
2021-09-28 22:25:00
Spark Plus Pte. Ltd., Spark Plus Metals & Mining Day, Sep 30, 2021.
Lake Resources NL Provides Update on its Kachi Lithium Project
2021-09-27 22:25:00
Lake Resources NL continues to demonstrate financial support for its Kachi Lithium Project, after receiving a formal Letter of Interest (LOI) from Canada's official Export Credit Agency (ECA), Export Development Canada (EDC). EDC's LOI does not increase the level of potential project finance available from Export Credit Agencies for the project but does increases sourcing flexibility, greater access to low-cost direct lending and reflects additional confidence around shared financing for a robust project. LKE has also received an expression of interest from UKEF. It is planned to have EDC's participation to run alongside UKEF as the lead ECA, under a Common Terms Agreement to cover approximately 70% of the total Kachi project funding requirements, subject to standard project finance conditions.
Lake Resources NL Presents at 121 Mining Conference Americas, Oct-13-2021
2021-09-27 19:04:00
Lake Resources NL Presents at 121 Mining Conference Americas, Oct-13-2021 .
Lake Resources NL, Lilac Solutions, Inc. - Special Call
2021-09-21 22:39:00
To discuss the benefits of the partnership where Lilac earns in to the Kachi Lithium Brine Project based on performance based milestones and then Lilac will be expected to fund approximately USD 50 million, toward development and production
Lake Resources NL and Lilac Solutions, Inc Signs Partnership
2021-09-21 22:32:00
Lake Resources NL and Lilac Solutions, Inc. announced that after extensive successful test-work, they have entered into a partnership for technology and funding to develop Lake's Kachi Lithium Brine Project (Kachi) in Argentina. Under the terms of the partnership earn-in, Lilac is able to achieve an equity stake in the Kachi project with certain corresponding project funding obligations, while providing its leading technology to advance the project (see commercial earn in terms below). Under the agreement, Lilac Solutions will contribute technology, engineering teams, and an on-site demonstration plant, earning in to a maximum 25% stake in Lake's Kachi project based on performance-based milestones. Lilac, after earning its interest in Kachi, will be expected to fund approximately USD 50 million, equivalent to its pro rata share of future development costs - aligning innovation, funding, development, and production. The Lilac production process is lower cost and offers higher lithium recovery rates (80%-90%) than other technologies to produce battery quality lithium carbonate (99.97%purity), while also protecting the local environment, including water resources.
Lake Resources NL(ASX:LKE) added to S&P/ASX Emerging Companies Index
2021-09-20 00:00:00
Lake Resources NL(ASX:LKE) added to S&P/ASX Emerging Companies Index
Red Cloud Securities, Inc., Red Cloud Oktoberfest Fall Mining Showcase Conference, Oct 18, 2021 through Oct 20, 2021
2021-09-14 21:26:00
Red Cloud Securities, Inc., Red Cloud Oktoberfest Fall Mining Showcase Conference, Oct 18, 2021 through Oct 20, 2021.
OTC Markets Group Inc., Copper, Base, and Precious Metals Conference, Nov 10, 2021 through Nov 11, 2021
2021-09-02 03:37:00
OTC Markets Group Inc., Copper, Base, and Precious Metals Conference, Nov 10, 2021 through Nov 11, 2021.
Lake Resources NL Presents at 121 MINING INVESTMENT EMEA, Nov-23-2021
2021-08-25 03:15:00
Lake Resources NL Presents at 121 MINING INVESTMENT EMEA, Nov-23-2021 .
Lake Resources NL Appoints Amalia Sáenz as A Non-Executive Director
2021-07-28 00:03:00
Lake Resources NL announced the appointment of experienced energy/natural resources lawyer, Sra. Amalia Sáenz as a Non-Executive Director. Based in Buenos Aires, Sra. Amalia's appointment will assist Lake and its local team in Argentina in engaging with local stakeholders and preparing for the development of clean lithium production in Argentina. Sra. Sáenz is a partner at the law firm, Zang, Bergel & Viñes in Buenos Aires, where she leads the firm's energy and natural resources practice. A leading member of the Association of International Petroleum Negotiators, Sra. Sáenz has extensive experience in energy and resources, including merger and acquisition, financing, joint venture and operating agreements in Argentina. She has also worked in Central Asia and the United Kingdom, gaining experience in exploration and production development across international borders and cultures.
Lake Resources NL Announces Executive Changes
2021-07-27 00:36:00
Lake Resources NL announced that it has appointed Peter Neilsen as Chief Financial Officer (CFO). A key focus of the new CFO will be to guide a panel of international project financiers to successfully secure funding for Lake's lithium production. His other key role will be to develop and assist Lake's team in Argentina to organise development activities and lithium production. He will also serve as joint company secretary. Peter replaces Garry Gill, who will step down from the CFO role. Garry will continue to assist with the handover to Peter on a transitional basis. The Board thanks Garry for his services over the last 18 months during a transformational period for Lake.
Lake Resources NL Presents at Melbourne Mining Club - Cutting Edge Series, Jul-20-2021 05:30 PM
2021-07-08 07:03:00
Lake Resources NL Presents at Melbourne Mining Club - Cutting Edge Series, Jul-20-2021 05:30 PM. Speakers: Stephen C. Promnitz, MD & Director.
The Melbourne Mining Club, Melbourne Mining Club - Cutting Edge Series, Jul 20, 2021
2021-07-08 06:50:00
The Melbourne Mining Club, Melbourne Mining Club - Cutting Edge Series, Jul 20, 2021.
121 Group Ltd, 121 MINING INVESTMENT EMEA, Nov 23, 2021 through Nov 25, 2021
2021-07-08 02:42:00
121 Group Ltd, 121 MINING INVESTMENT EMEA, Nov 23, 2021 through Nov 25, 2021.
Lake Resources NL's Kachi Drilling to Support Doubling Production
2021-07-07 00:10:00
Lake Resources NL is increasing drill testing at its Kachi Lithium Project to support a doubling of future planned production. A four well, 1,600m diamond drill program is advancing, with brine sampling and pump testing. The program can be readily extended given all equipment is on site. The drilling program will support a conversion of resources to reserves for Kachi's Definitive Feasibility Study (DFS). Detailed COVID-19 controls and procedures are being followed to ensure the safety of employees, contractors and local communities. Drilling will enable Lake to convert Inferred Resources to Measured and Indicated (M&I) Resources, to allow a production expansion study to be conducted. The Kachi Project covers 74,000 ha of leases over a salt-lake south of Livent's lithium operation in Argentina, with a large total resource of 4.4 Mt LCE (Indicated 1.0Mt, Inferred 3.4Mt). Less than 20% of the current total resource is utilised for the planned 25,500 tpa lithium carbonate (LCE) production over 25 years. Infill drilling is designed to assist the conversion of resources to a higher category with increased data. The move follows increased investment in Argentinian lithium projects, including Ganfeng Lithium's planned development of a lithium-ion battery factory in Jujuy Province and another 20,000 tpa LCE lithium project at Marianas, as well as German automaker BMW's 285 million Euro (AUD 447 million) contract with Livent to source lithium from Argentina. Argentina's government has flagged plans to incentivise further production of lithium, with the government identifying a potential resource of some 350 million tonnes LCE.
Lake Resources NL Presents at Red Cloud 2021 Green Energy Conference, Jul-13-2021 03:40 PM
2021-07-06 19:20:00
Lake Resources NL Presents at Red Cloud 2021 Green Energy Conference, Jul-13-2021 03:40 PM. Speakers: Stephen C. Promnitz, MD & Director.
Red Cloud Securities, Inc., Red Cloud 2021 Green Energy Conference, Jul 13, 2021 through Jul 14, 2021
2021-07-06 18:30:00
Red Cloud Securities, Inc., Red Cloud 2021 Green Energy Conference, Jul 13, 2021 through Jul 14, 2021.
121 Group Ltd, 121 Mining Conference Americas, Oct 13, 2021 through Oct 15, 2021
2021-07-01 00:00:00
121 Group Ltd, 121 Mining Conference Americas, Oct 13, 2021 through Oct 15, 2021.
Lake Resources NL Presents at Noosa Mining and Exploration Investor Conference, Jul-16-2021 11:00 AM
2021-06-30 18:19:00
Lake Resources NL Presents at Noosa Mining and Exploration Investor Conference, Jul-16-2021 11:00 AM. Venue: Peppers Noosa Resort, Noosa Heads, Queensland, Australia. Speakers: Stephen C. Promnitz, MD & Director.
Fundamental Summary
Looking at Lake's financials of Q4 reflected unimpressive, mediocre results. Its income, value, and income factors all individually appear positive and give support for optimism regarding the likelihood of continued positive performance. As such, Lake received an overall score of 71 and a HOLD recommendation.
Business Description
Lake explores for and develops lithium brine projects in Argentina. Its flagship project is its 100% owned the Kachi lithium brine project that consists of 39 mining leases covering an area of approximately 74,000 hectares located in Catamarca province, Argentina. The company was incorporated in 1997 and is based in Sydney, Australia.
Sector Overview
Lake is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Lake's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.
Fundamental Highlights
| Parameter | Value | Change | Score | |
|---|---|---|---|---|
| Return on Equity | -10.6 | 57.7% | 66 | |
| Net Cashflow | 69.0 | 3651.8% | 68 | |
| Capital Expenditure | -4.6 | -34.3% | 76 | |
| Asset Turnover | 0.0 | 0.0% | 60 | |
| Free Cashflow | -0.0 | -89.0% | 69 |
* All values are TTM
The below chart reflects Lake's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Lake's peer average final assessment score stands on 62.0, Lake's score is 71.
- LKE
- Peers average
Technical Analysis
When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Lake's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Lake's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 57.
5D MA
0.81
50D MA
1.52
200D MA
1.12
MACD
-0.19
RSI
3.7
STOCH
13.47
Balance Sheet Analysis
Overall, Lake's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Lake is doing a good job of keeping its liabilities under control and growing intelligently. At filing, their liabilities were 1.1, representing 6.0% change from the previous period. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 78. Also, Lake publishes impressive results related to book value factors in this report. Specifically, price to book ratio (P/B) now sits at 23.4 and represents a 691.3% change from the previous report. These book value factor numbers show that management has been prudent in focusing on efficient growth. We believe the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their book value factors movement received a grade of 78. That said, one metric, Equity, stood out as strongly negative. Lake published concerning equity metrics for this filing. In the current report, equity stood at 95.4, which represents a 390.9% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. Their equity metrics appear unremarkable relative to their peers. Consequently, their equity movement received a grade of 55. Therefore, the company's balance sheet earned a grade of 66.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 96.6 | 370.7% | 74 |
| Liabilities | 1.1 | 6.0% | 78 |
| Price to Book | 23.4 | 691.3% | 78 |
| Cash & Equivalents | 71.0 | 3400.1% | 64 |
| Equity | 95.4 | 390.9% | 55 |
The below chart describes Lake's performance as reflected on its balance sheet with respect to its peers. While Lake received a balance sheet score of 66, the average of its peers stands on 57.0.
- LKE
- Peers average
| Name | Market Cap | Liabilities Movement | Asset Change | Equity/Intangibles Adjustments | Cash & Equivalents | Book Value Momentum | Balance Sheet | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|---|
| BHP Group Limited | 208.5B | 74 | 92 | 47 | 52 | 76 | 58 | 0 | 1 |
| Fortescue Metals Group Limited | 55.0B | 83 | 66 | 68 | 55 | 69 | 65 | 1 | 1 |
| Newcrest Mining Limited | 19.4B | 85 | 72 | 46 | 46 | 73 | 52 | 2 | 1 |
| South32 Limited | 18.7B | 74 | 73 | 80 | 79 | 74 | 84 | 3 | 1 |
| Mineral Resources Limited | 9.2B | 83 | 73 | 52 | 42 | 90 | 55 | 4 | 1 |
| Lynas Rare Earths Limited | 8.3B | 74 | 59 | 77 | 62 | 68 | 70 | 5 | 1 |
| Northern Star Resources Limited | 8.2B | 87 | 70 | 56 | 48 | 65 | 56 | 6 | 1 |
| IGO Limited | 7.8B | 43 | 37 | 80 | 42 | 63 | 50 | 7 | 1 |
| BlueScope Steel Limited | 7.3B | 64 | 75 | 87 | 90 | 68 | 85 | 8 | 1 |
| Pilbara Minerals Limited | 6.9B | 87 | 59 | 81 | 87 | 56 | 86 | 9 | 1 |
| Allkem Limited | 6.9B | 53 | 64 | 44 | 65 | 89 | 57 | 10 | 1 |
| OZ Minerals Limited | 6.2B | 87 | 72 | 72 | 69 | 72 | 74 | 11 | 1 |
| Evolution Mining Limited | 4.8B | 47 | 57 | 76 | 96 | 54 | 82 | 12 | 1 |
| Alumina Limited | 4.4B | 51 | 69 | 50 | 46 | 84 | 50 | 13 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 81 | 62 | 51 | 97 | 87 | 84 | 14 | 1 |
| Iluka Resources Limited | 3.9B | 76 | 66 | 87 | 69 | 53 | 77 | 15 | 1 |
| Andean Resources Ltd. | 3.7B | 70 | 37 | 60 | 97 | 92 | 86 | 16 | 1 |
| Coronado Global Resources Inc. | 2.9B | 44 | 56 | 87 | 85 | 71 | 83 | 17 | 1 |
| Nickel Industries Limited | 2.8B | 41 | 44 | 72 | 50 | 70 | 54 | 18 | 1 |
| AVZ Minerals Limited | 2.8B | 99 | 56 | 82 | 98 | 66 | 95 | 19 | 1 |
| Sims Limited | 2.7B | 85 | 72 | 83 | 49 | 57 | 68 | 20 | 1 |
| Zimplats Holdings Limited | 2.6B | 80 | 69 | 68 | 76 | 73 | 77 | 21 | 1 |
| Liontown Resources Limited | 2.4B | 43 | 55 | 82 | 97 | 37 | 81 | 22 | 1 |
| Perseus Mining Limited | 2.3B | 81 | 70 | 73 | 82 | 66 | 81 | 23 | 1 |
| Deterra Royalties Limited | 2.3B | 99 | 79 | 61 | 75 | 68 | 77 | 24 | 1 |
| Sandfire Resources Limited | 1.9B | 41 | 64 | 87 | 87 | 73 | 82 | 25 | 1 |
| Core Lithium Ltd | 1.8B | 37 | 55 | 82 | 94 | 66 | 83 | 26 | 1 |
| Chalice Mining Limited | 1.5B | 98 | 78 | 39 | 46 | 89 | 54 | 27 | 1 |
| Grange Resources Limited | 1.5B | 54 | 70 | 51 | 71 | 92 | 65 | 28 | 1 |
| Capricorn Metals Ltd | 1.3B | 69 | 59 | 81 | 91 | 65 | 86 | 29 | 1 |
| West African Resources Limited | 1.3B | 92 | 56 | 81 | 92 | 42 | 87 | 30 | 1 |
| Silver Lake Resources Limited | 1.2B | 69 | 62 | 62 | 71 | 57 | 66 | 31 | 1 |
| De Grey Mining Limited | 1.2B | 44 | 49 | 79 | 69 | 48 | 66 | 32 | 1 |
| Gold Road Resources Limited | 1.2B | 83 | 72 | 56 | 65 | 60 | 64 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 78 | 74 | 55 | 64 | 78 | 66 | 34 | 1 |
| Regis Resources Limited | 1.1B | 77 | 74 | 51 | 48 | 63 | 53 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 97 | 54 | 82 | 97 | 39 | 88 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 44 | 83 | 54 | 45 | 37 | 47 | 37 | 1 |
| ioneer Ltd | 867.9M | 98 | 56 | 80 | 86 | 52 | 85 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 63 | 75 | 38 | 46 | 94 | 49 | 39 | 1 |
| Equigold NL | 854.0M | 57 | 46 | 86 | 50 | 45 | 50 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 67 | 41 | 78 | 48 | 49 | 56 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 39 | 53 | 80 | 74 | 41 | 67 | 42 | 1 |
| Jervois Global Limited | 813.1M | 71 | 71 | 44 | 94 | 95 | 78 | 43 | 1 |
| Mincor Resources NL | 808.9M | 83 | 78 | 43 | 62 | 56 | 62 | 44 | 1 |
| Imdex Limited | 796.9M | 59 | 69 | 83 | 61 | 75 | 71 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 96 | 56 | 81 | 87 | 42 | 84 | 46 | 1 |
| St Barbara Limited | 701.5M | 80 | 69 | 51 | 49 | 61 | 53 | 47 | 1 |
| Emerald Resources NL | 679.4M | 51 | 58 | 80 | 51 | 57 | 60 | 48 | 1 |
| Red 5 Limited | 671.6M | 49 | 45 | 39 | 55 | 96 | 47 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 85 | 79 | 39 | 60 | 87 | 60 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 94 | 76 | 39 | 41 | 74 | 48 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 77 | 65 | 55 | 47 | 73 | 54 | 52 | 1 |
| OM Holdings Limited | 563.6M | 84 | 69 | 84 | 81 | 50 | 84 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 44 | 69 | 55 | 46 | 84 | 51 | 54 | 1 |
| Neometals Ltd | 531.9M | 97 | 77 | 46 | 50 | 97 | 60 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 78 | 74 | 55 | 64 | 78 | 66 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 78 | 74 | 55 | 64 | 78 | 66 | 57 | 1 |
| Perenti Global Limited | 461.4M | 68 | 71 | 51 | 61 | 74 | 60 | 58 | 1 |
| Champion Iron Limited | 441.1M | 66 | 49 | 73 | 47 | 67 | 58 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 78 | 75 | 43 | 58 | 85 | 58 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 75 | 72 | 56 | 67 | 67 | 65 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 45 | 56 | 83 | 88 | 40 | 78 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 78 | 74 | 55 | 64 | 78 | 66 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 78 | 74 | 55 | 64 | 78 | 66 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 63 | 93 | 46 | 52 | 80 | 66 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 78 | 74 | 55 | 64 | 78 | 66 | 66 | 1 |
| Talga Group Ltd | 359.9M | 90 | 78 | 38 | 45 | 95 | 53 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 86 | 73 | 58 | 67 | 82 | 71 | 68 | 1 |
| Metals X Limited | 344.8M | 90 | 77 | 50 | 67 | 80 | 68 | 69 | 1 |
| Pantoro Limited | 330.8M | 78 | 74 | 55 | 64 | 78 | 66 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 85 | 69 | 59 | 60 | 72 | 65 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 47 | 61 | 72 | 78 | 44 | 68 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 78 | 74 | 55 | 64 | 78 | 66 | 73 | 1 |
| Firefinch Limited | 236.2M | 78 | 74 | 55 | 64 | 78 | 66 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 78 | 74 | 55 | 64 | 78 | 66 | 75 | 1 |
Income Statement Analysis
Two metrics jump up as the most significant positive drivers of the income statement's strength in Lake's recent report: Revenue Efficiency and Return Factors. Lake reported highly encouraging numbers for its revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 24.0%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. The company's revenue efficiency, therefore, received a grade of 87. Also, Return factors metrics and ratios were exceptional in this report. Lake reported a return on equity (ROE) ratio of -10.6, representing a change of 57.7% from the last report. Its return factor metrics are even more remarkable when compared to their peers. Therefore, its return factors component earned a score of 66. That said, one metric, EBITDA, stood out as strongly negative. Lake's EBIDTA now sits at -5.1 and represents -40.8% change from the last reporting period. This metric might have a 20.0 percent impact on companies in the same industry and with the same market capitalization. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 62. As the companie's management is doing an excellent job managing the critical metrics, the income statement was given a score of 73.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | -5.1 | -40.8% | 62 |
| Total Revenues | 0.0 | 0.0% | 87 |
| Return on Equity | -10.6 | 57.7% | 66 |
The below chart describes Lake's performance as reflected on its income statement with respect to its peers. While Lake received a income statement score of 73 , the average of its peers stands on 68.0.
- LKE
- Peers average
| Name | Market Cap | Revenue Momentum | Earning Movement | Return Factors Momentum | Income Statement | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|
| BHP Group Limited | 208.5B | 64 | 79 | 79 | 71 | 0 | 1 |
| Fortescue Metals Group Limited | 55.0B | 58 | 78 | 75 | 67 | 1 | 1 |
| Newcrest Mining Limited | 19.4B | 95 | 45 | 48 | 66 | 2 | 1 |
| South32 Limited | 18.7B | 47 | 94 | 95 | 72 | 3 | 1 |
| Mineral Resources Limited | 9.2B | 94 | 42 | 44 | 63 | 4 | 1 |
| Lynas Rare Earths Limited | 8.3B | 50 | 91 | 83 | 69 | 5 | 1 |
| Northern Star Resources Limited | 8.2B | 48 | 66 | 68 | 56 | 6 | 1 |
| IGO Limited | 7.8B | 98 | 72 | 48 | 78 | 7 | 1 |
| BlueScope Steel Limited | 7.3B | 86 | 71 | 66 | 72 | 8 | 1 |
| Pilbara Minerals Limited | 6.9B | 38 | 96 | 96 | 69 | 9 | 1 |
| Allkem Limited | 6.9B | 46 | 75 | 74 | 61 | 10 | 1 |
| OZ Minerals Limited | 6.2B | 48 | 82 | 82 | 66 | 11 | 1 |
| Evolution Mining Limited | 4.8B | 94 | 46 | 43 | 64 | 12 | 1 |
| Alumina Limited | 4.4B | 87 | 73 | 76 | 79 | 13 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 39 | 88 | 45 | 61 | 14 | 1 |
| Iluka Resources Limited | 3.9B | 50 | 62 | 89 | 60 | 15 | 1 |
| Andean Resources Ltd. | 3.7B | 37 | 89 | 91 | 97 | 16 | 1 |
| Coronado Global Resources Inc. | 2.9B | 39 | 98 | 97 | 74 | 17 | 1 |
| Nickel Industries Limited | 2.8B | 66 | 61 | 55 | 60 | 18 | 1 |
| AVZ Minerals Limited | 2.8B | 87 | 63 | 41 | 68 | 19 | 1 |
| Sims Limited | 2.7B | 45 | 90 | 92 | 69 | 20 | 1 |
| Zimplats Holdings Limited | 2.6B | 94 | 50 | 52 | 68 | 21 | 1 |
| Liontown Resources Limited | 2.4B | 87 | 78 | 91 | 84 | 22 | 1 |
| Perseus Mining Limited | 2.3B | 42 | 88 | 83 | 65 | 23 | 1 |
| Deterra Royalties Limited | 2.3B | 45 | 83 | 66 | 61 | 24 | 1 |
| Sandfire Resources Limited | 1.9B | 64 | 73 | 74 | 69 | 25 | 1 |
| Core Lithium Ltd | 1.8B | 87 | 47 | 81 | 70 | 26 | 1 |
| Chalice Mining Limited | 1.5B | 99 | 65 | 76 | 81 | 27 | 1 |
| Grange Resources Limited | 1.5B | 74 | 61 | 61 | 64 | 28 | 1 |
| Capricorn Metals Ltd | 1.3B | 37 | 98 | 97 | 69 | 29 | 1 |
| West African Resources Limited | 1.3B | 43 | 84 | 63 | 59 | 30 | 1 |
| Silver Lake Resources Limited | 1.2B | 95 | 42 | 41 | 63 | 31 | 1 |
| De Grey Mining Limited | 1.2B | 44 | 45 | 76 | 47 | 32 | 1 |
| Gold Road Resources Limited | 1.2B | 94 | 48 | 49 | 67 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 87 | 62 | 66 | 73 | 34 | 1 |
| Regis Resources Limited | 1.1B | 65 | 50 | 45 | 53 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 87 | 63 | 68 | 77 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 74 | 37 | 56 | 58 | 37 | 1 |
| ioneer Ltd | 867.9M | 87 | 55 | 60 | 69 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 38 | 67 | 62 | 50 | 39 | 1 |
| Equigold NL | 854.0M | 79 | 44 | 91 | 65 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 94 | 51 | 48 | 68 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 87 | 67 | 84 | 78 | 42 | 1 |
| Jervois Global Limited | 813.1M | 37 | 94 | 93 | 71 | 43 | 1 |
| Mincor Resources NL | 808.9M | 98 | 57 | 59 | 77 | 44 | 1 |
| Imdex Limited | 796.9M | 77 | 60 | 56 | 56 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 87 | 44 | 83 | 69 | 46 | 1 |
| St Barbara Limited | 701.5M | 93 | 56 | 53 | 70 | 47 | 1 |
| Emerald Resources NL | 679.4M | 37 | 96 | 94 | 68 | 48 | 1 |
| Red 5 Limited | 671.6M | 95 | 58 | 66 | 75 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 93 | 58 | 67 | 74 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 99 | 62 | 66 | 78 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 84 | 58 | 43 | 65 | 52 | 1 |
| OM Holdings Limited | 563.6M | 50 | 96 | 97 | 75 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 91 | 62 | 66 | 74 | 54 | 1 |
| Neometals Ltd | 531.9M | 87 | 66 | 56 | 72 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 87 | 62 | 66 | 73 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 87 | 62 | 66 | 73 | 57 | 1 |
| Perenti Global Limited | 461.4M | 73 | 81 | 87 | 78 | 58 | 1 |
| Champion Iron Limited | 441.1M | 95 | 50 | 45 | 71 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 95 | 50 | 62 | 71 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 90 | 51 | 53 | 68 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 68 | 74 | 74 | 70 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 87 | 62 | 66 | 73 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 87 | 62 | 66 | 73 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 96 | 46 | 50 | 81 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 87 | 62 | 66 | 73 | 66 | 1 |
| Talga Group Ltd | 359.9M | 87 | 40 | 47 | 60 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 94 | 47 | 56 | 68 | 68 | 1 |
| Metals X Limited | 344.8M | 94 | 84 | 79 | 87 | 69 | 1 |
| Pantoro Limited | 330.8M | 87 | 62 | 66 | 73 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 68 | 58 | 49 | 58 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 88 | 51 | 48 | 65 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 87 | 62 | 66 | 73 | 73 | 1 |
| Firefinch Limited | 236.2M | 87 | 62 | 66 | 73 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 87 | 62 | 66 | 73 | 75 | 1 |
Cash Flow Analysis
Lake appears likely to maintain its strong cash flow metrics and momentum going forward. Lake's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. Lake recorded CapEx of -4.6, which represents -34.3% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Therefore, its CapEx movement component earned a score of 76. Also, Free cash flow numbers published by Lake were -0.0, which was a -89.0% change from the previous filing. This parameter coud affect companies in the same industry and market capitalization by up to 4.3%. The company's free cash flow metrics are especially strong compared to its peers. Management seems to balance cash flow management, asset growth, and resource allocations in general. The company's free cash flow movement, therefore, received a grade of 69. That said, one metric, Asset Turnover, stood out as particularly concerning. Lake's asset turnover metrics were concerning and highlighted potential issues management is having effectively turning assets into sales efficiently. At filing, their asset turnover metrics were 0.0, representing a 0.0% change from the previous period. Companies in the same sector and market capitalization will usually be affected by up to 2.7 percent by this parameter. Their lackluster asset turnover metrics, specifically in contrast to leading industry peers' performance, could present significant headwinds. Therefore, their asset turnover movement earned a score of 60. Therefore, the company's cash flow earned a grade of 68.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | 69.0 | 3651.8% | 68 |
| Capital Expenditure | -4.6 | -34.3% | 76 |
| Asset Turnover | 0.0 | 0.0% | 60 |
| Free Cashflow | -0.0 | -89.0% | 69 |
The below chart describes Lake's performance as reflected on its cash flow with respect to its peers. While Lake received a cash flow score of 68, the average of its peers stands on 63.0.
- LKE
- Peers average
| Name | Market Cap | Cashflow Momentum | Free Cashflow Growth | Capital Expenditure Growth | Assets Factors Momentum | Cash Flow | mc_sort | Hidden |
|---|---|---|---|---|---|---|---|---|
| BHP Group Limited | 208.5B | 70 | 77 | 80 | 71 | 75 | 0 | 1 |
| Fortescue Metals Group Limited | 55.0B | 74 | 78 | 69 | 74 | 75 | 1 | 1 |
| Newcrest Mining Limited | 19.4B | 58 | 48 | 63 | 55 | 57 | 2 | 1 |
| South32 Limited | 18.7B | 72 | 86 | 82 | 75 | 78 | 3 | 1 |
| Mineral Resources Limited | 9.2B | 58 | 69 | 54 | 63 | 61 | 4 | 1 |
| Lynas Rare Earths Limited | 8.3B | 78 | 63 | 76 | 58 | 70 | 5 | 1 |
| Northern Star Resources Limited | 8.2B | 70 | 58 | 54 | 91 | 73 | 6 | 1 |
| IGO Limited | 7.8B | 80 | 73 | 66 | 57 | 72 | 7 | 1 |
| BlueScope Steel Limited | 7.3B | 48 | 47 | 56 | 70 | 52 | 8 | 1 |
| Pilbara Minerals Limited | 6.9B | 87 | 97 | 76 | 78 | 86 | 9 | 1 |
| Allkem Limited | 6.9B | 75 | 77 | 70 | 84 | 82 | 10 | 1 |
| OZ Minerals Limited | 6.2B | 69 | 97 | 66 | 73 | 78 | 11 | 1 |
| Evolution Mining Limited | 4.8B | 54 | 49 | 61 | 39 | 50 | 12 | 1 |
| Alumina Limited | 4.4B | 68 | 74 | 76 | 70 | 72 | 13 | 1 |
| OZ Minerals Holdings Pty Ltd | 4.0B | 49 | 86 | 84 | 39 | 50 | 14 | 1 |
| Iluka Resources Limited | 3.9B | 75 | 84 | 52 | 74 | 74 | 15 | 1 |
| Andean Resources Ltd. | 3.7B | 40 | 55 | 56 | 37 | 41 | 16 | 1 |
| Coronado Global Resources Inc. | 2.9B | 77 | 86 | 53 | 93 | 81 | 17 | 1 |
| Nickel Industries Limited | 2.8B | 75 | 63 | 76 | 61 | 70 | 18 | 1 |
| AVZ Minerals Limited | 2.8B | 60 | 69 | 76 | 37 | 58 | 19 | 1 |
| Sims Limited | 2.7B | 83 | 98 | 56 | 82 | 82 | 20 | 1 |
| Zimplats Holdings Limited | 2.6B | 75 | 77 | 63 | 44 | 64 | 21 | 1 |
| Liontown Resources Limited | 2.4B | 59 | 69 | 76 | 51 | 62 | 22 | 1 |
| Perseus Mining Limited | 2.3B | 69 | 94 | 90 | 83 | 83 | 23 | 1 |
| Deterra Royalties Limited | 2.3B | 77 | 88 | 96 | 51 | 75 | 24 | 1 |
| Sandfire Resources Limited | 1.9B | 73 | 85 | 63 | 71 | 76 | 25 | 1 |
| Core Lithium Ltd | 1.8B | 61 | 69 | 76 | 72 | 69 | 26 | 1 |
| Chalice Mining Limited | 1.5B | 53 | 62 | 84 | 38 | 55 | 27 | 1 |
| Grange Resources Limited | 1.5B | 75 | 79 | 76 | 62 | 73 | 28 | 1 |
| Capricorn Metals Ltd | 1.3B | 81 | 83 | 81 | 79 | 82 | 29 | 1 |
| West African Resources Limited | 1.3B | 73 | 84 | 42 | 58 | 66 | 30 | 1 |
| Silver Lake Resources Limited | 1.2B | 63 | 53 | 64 | 47 | 58 | 31 | 1 |
| De Grey Mining Limited | 1.2B | 80 | 69 | 76 | 61 | 73 | 32 | 1 |
| Gold Road Resources Limited | 1.2B | 57 | 57 | 54 | 50 | 56 | 33 | 1 |
| Sayona Mining Limited | 1.2B | 68 | 69 | 76 | 60 | 68 | 34 | 1 |
| Regis Resources Limited | 1.1B | 65 | 76 | 68 | 69 | 69 | 35 | 1 |
| Piedmont Lithium Inc. | 1.1B | 59 | 62 | 69 | 54 | 60 | 36 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 55 | 48 | 71 | 71 | 61 | 37 | 1 |
| ioneer Ltd | 867.9M | 47 | 57 | 54 | 51 | 51 | 38 | 1 |
| Syrah Resources Limited | 856.9M | 59 | 58 | 43 | 98 | 69 | 39 | 1 |
| Equigold NL | 854.0M | 91 | 69 | 72 | 84 | 87 | 40 | 1 |
| Ramelius Resources Limited | 828.4M | 59 | 56 | 81 | 58 | 62 | 41 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 67 | 69 | 76 | 69 | 71 | 42 | 1 |
| Jervois Global Limited | 813.1M | 43 | 51 | 38 | 82 | 54 | 43 | 1 |
| Mincor Resources NL | 808.9M | 63 | 63 | 72 | 45 | 57 | 44 | 1 |
| Imdex Limited | 796.9M | 71 | 72 | 79 | 73 | 74 | 45 | 1 |
| Bellevue Gold Limited | 722.0M | 51 | 64 | 56 | 51 | 54 | 46 | 1 |
| St Barbara Limited | 701.5M | 54 | 46 | 71 | 55 | 56 | 47 | 1 |
| Emerald Resources NL | 679.4M | 84 | 81 | 80 | 81 | 84 | 48 | 1 |
| Red 5 Limited | 671.6M | 68 | 49 | 48 | 59 | 59 | 49 | 1 |
| Boart Longyear Group Ltd. | 651.0M | 62 | 74 | 81 | 63 | 68 | 50 | 1 |
| Mount Gibson Iron Limited | 629.5M | 68 | 69 | 59 | 56 | 64 | 51 | 1 |
| Westgold Resources Limited | 575.3M | 59 | 69 | 71 | 59 | 63 | 52 | 1 |
| OM Holdings Limited | 563.6M | 75 | 90 | 90 | 75 | 82 | 53 | 1 |
| Australian Strategic Materials Ltd | 540.9M | 72 | 69 | 76 | 69 | 72 | 54 | 1 |
| Neometals Ltd | 531.9M | 62 | 54 | 71 | 52 | 60 | 55 | 1 |
| Adriatic Metals PLC | 528.8M | 68 | 69 | 76 | 60 | 68 | 56 | 1 |
| Argosy Minerals Limited | 467.8M | 68 | 69 | 76 | 60 | 68 | 57 | 1 |
| Perenti Global Limited | 461.4M | 61 | 69 | 54 | 78 | 67 | 58 | 1 |
| Champion Iron Limited | 441.1M | 56 | 69 | 51 | 49 | 55 | 59 | 1 |
| Panoramic Resources Limited | 420.4M | 69 | 69 | 79 | 54 | 67 | 60 | 1 |
| Hastings Technology Metals Limited | 404.8M | 65 | 68 | 74 | 57 | 67 | 61 | 1 |
| Alkane Resources Limited | 402.0M | 69 | 58 | 68 | 71 | 68 | 62 | 1 |
| Centaurus Metals Limited | 397.2M | 68 | 69 | 76 | 60 | 68 | 63 | 1 |
| Bowen Coking Coal Limited | 385.5M | 68 | 69 | 76 | 60 | 68 | 64 | 1 |
| Jupiter Mines Limited | 372.2M | 51 | 51 | 84 | 44 | 50 | 65 | 1 |
| Galan Lithium Limited | 362.2M | 68 | 69 | 76 | 60 | 68 | 66 | 1 |
| Talga Group Ltd | 359.9M | 53 | 48 | 76 | 70 | 62 | 67 | 1 |
| BCI Minerals Limited | 349.8M | 62 | 54 | 76 | 49 | 60 | 68 | 1 |
| Metals X Limited | 344.8M | 70 | 81 | 72 | 55 | 68 | 69 | 1 |
| Pantoro Limited | 330.8M | 68 | 69 | 76 | 60 | 68 | 70 | 1 |
| Aurelia Metals Limited | 327.8M | 72 | 58 | 54 | 49 | 60 | 71 | 1 |
| Macmahon Holdings Limited | 283.7M | 72 | 53 | 46 | 57 | 62 | 72 | 1 |
| Lotus Resources Limited | 277.3M | 68 | 69 | 76 | 60 | 68 | 73 | 1 |
| Firefinch Limited | 236.2M | 68 | 69 | 76 | 60 | 68 | 74 | 1 |
| Andromeda Metals Limited | 229.8M | 68 | 69 | 76 | 60 | 68 | 75 | 1 |
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