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Capricorn Metals Ltd (CMM) Report Analysis

Corporate Events

Positive

Capricorn Metals Ltd (ASX:CMM) signed a binding...

2022-05-30 00:00:00

Capricorn Metals Ltd (ASX:CMM) signed a binding agreement to acquire Mumbakine Well Project from Gascoyne Resources Limited (ASX:GCY) for Appr...

Positive

Capricorn Metals Ltd Announces Acquisition of M...

2022-05-29 23:19:00

The board of Capricorn Metals Ltd. advised that it has entered into an agreement with Gascoyne Resources Ltd. to acquire the prospective Mumba...

Positive

Capricorn Metals Ltd Announces Strong Results R...

2022-04-07 23:13:00

Capricorn Metals Ltd. announced strong results returned from early drilling at Mt Gibson Gold Project. Highlights: 29,842 metres (188 holes) o...

Positive

Capricorn Metals Ltd Announces All Key Mining T...

2021-12-14 21:41:00

Capricorn Metals Ltd. announced that all key mining tenure at the wholly owned Mt Gibson Gold Project has been granted. The grant of mining te...

Neutral

Capricorn Metals Ltd, Annual General Meeting, N...

2021-10-06 06:39:00

Capricorn Metals Ltd, Annual General Meeting, Nov 24, 2021, at 10:00 W. Australia Standard Time. Location: Perth Convention and Exhibition Cen...

Neutral

Capricorn Metals Ltd Presents at Gold Events Vi...

2021-08-06 10:42:00

Capricorn Metals Ltd Presents at Gold Events Virtual Gold Conference, Aug-19-2021 04:40 PM. Speakers: Kim Massey, CEO & Interim Company Secretary.

Neutral

Symposium Events Pty Ltd, Gold Events Virtual ...

2021-07-30 13:58:00

Symposium Events Pty Ltd, Gold Events Virtual Gold Conference, Aug 19, 2021.

Positive

Capricorn Metals Ltd (ASX:CMM) acquired Explora...

2021-07-28 00:00:00

Capricorn Metals Ltd (ASX:CMM) acquired Exploration and prospecting licenses applications over majority of Mt Gibson gold project from Avenger...

Positive

Capricorn Metals Ltd Announces Acquisition of M...

2021-07-27 23:53:00

Capricorn Metals Ltd. announced the execution and completion of two separate binding agreements (Acquisition Agreements) to acquire the Mt Gib...

Positive

Elemental Royalties Corp. Notes Announcement by...

2021-07-06 11:14:00

Elemental Royalties Corp. noted the announcement by Capricorn Metals Limited that it has completed first gold pour at its Karlawinda Gold Proj...

Positive

Capricorn Metals Ltd Announces Karlawinda Gold ...

2021-06-30 23:31:00

The board of Capricorn Metals Ltd. announced that it poured first gold June 30, 2021 at its wholly owned Karlawinda Gold Project. Gold bars we...

Neutral

Capricorn Metals Ltd Presents at Diggers and De...

2021-06-30 19:09:00

Capricorn Metals Ltd Presents at Diggers and Dealers Mining Forum, Aug-04-2021 09:00 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgo...

Positive

Capricorn Metals Ltd (ASX:CMM) signed a binding agreement to acquire Mumbakine Well Project from Gascoyne Resources Limited (ASX:GCY) for Approximately AUD 5 million.

2022-05-30 00:00:00

Capricorn Metals Ltd (ASX:CMM) signed a binding agreement to acquire Mumbakine Well Project from Gascoyne Resources Limited (ASX:GCY) for Approximately AUD 5 million on May 30, 2022. As per the terms of the transaction Capricorn Metals Ltd will pay AUD 1.25 million payable upon completion plus AUD 3.5 million as differed payment. Completion of the transaction remains subject to the parties receiving approval from third parties to effect the transfer of the tenement including West Australian regulatory approval.Completion is expected to occur by the end of June 2022. Sternship Advisers Pty Ltd. and Canaccord Genuity (Australia) Limited acted as Financial advisors to Gascoyne Resources Limited.

Positive

Capricorn Metals Ltd Announces Acquisition of Mumbakine Well Project

2022-05-29 23:19:00

The board of Capricorn Metals Ltd. advised that it has entered into an agreement with Gascoyne Resources Ltd. to acquire the prospective Mumbakine Well Project located contiguous to the Company's Karlawinda Gold Project tenure in the Pilbara region of Western Australia. Capricorn will pay Gascoyne $1.25 million upon completion of the transfer of the exploration licence and grant a 0.5% net smelter royalty on all gold produced from the Project. In addition, the Company has agreed to make contingent deferred payments as follows: $1.5 million upon the announcement by Capricorn of a JORC compliant Mineral Resource Estimate in excess of 200,000 ounces of gold on the Project (representing a minimum of 6.55 million tonnes at a minimum grade of 0.95g/t Au); and $2.0 million upon the announcement by Capricorn of a board decision to commence commercial mining activities on the Project. In the event that Capricorn announces to the ASX a decision to commence mining activities prior to the definition of a JORC code compliant Mineral Resource Estimate meeting the criteria referenced above, Capricorn must pay both contingent deferred payments. All amounts are payable in cash or Capricorn shares valued at a 20-day VWAP prior to either completion occurring or the release of the ASX announcement. The choice of payment method is at Capricorn's election 1 with completion of the acquisition conditional upon customary conditions precedent (including any required third party consents). Completion is expected to occur by the end of June 2022. The Project is located on exploration licence E52/3531 which is contiguous to Capricorn's existing KGP tenure and is less than 10 kilometres from the processing facility and Bibra open pit. The Project covers approximately 361 square kilometres and lies adjacent to the KGP access road to the Great Northern Highway. The Project area is located on the southern margin of the Sylvania Dome, an inlier of Archean granitoid greenstone terrain on the southern edge of the Hamersley Basin. Along the margin of the dome a sequence of meta/basaltic and meta/sedimentary rocks interpreted to be 2700 Ma Fortescue Group has been faulted against the granitoids. The main focus of historic exploration has been the Central Prospect which straddles 3 kilometres of thrust contact between the granitoids and volcanic/sedimentary rocks of the Fortescue Group. This sequence comprises (north to south) a sedimentary package of shales with minor coarse-grained arkose, steeply dipping to the south, up to 150 metres thick, overlain by a thick sequence of fine-grained mafic volcanics before disappearing undercover. The Central Prospect lies on a gravity high. There is some evidence of shearing directly adjacent to the granite/sediment contact in the form of quartz stockworks and isolated narrow quartz veins. The stockwork and vein systems are both mineralised. There is also strong shearing along the sediment/mafic contact within the Fortescue sequence. The mylonised shear is 150 metres long by 20 metres wide and was intersected in drilling up to 90 metres vertical depth. This shear is mineralised with an extensive, strongly anomalous arsenic halo. Very little exploration work has been completed on the Project, however historical drilling in the 1990's by Battle Mountain Australia and Compass Resources NL returned encouraging results at the Central Prospect and the Jims Vein Prospect. Drilling consisted of a total of 112 RAB holes for 4,870 metres and 38 RC holes for 2,320 metres testing gold prospectivity identified in soil sampling programmes.

Positive

Capricorn Metals Ltd Announces Strong Results Returned from Early Drilling at MT Gibson Gold Project

2022-04-07 23:13:00

Capricorn Metals Ltd. announced strong results returned from early drilling at Mt Gibson Gold Project. Highlights: 29,842 metres (188 holes) of a planned 81,000 metre resource definition RC drilling programme completed to date at Capricorn's wholly owned Mt Gibson Gold Project (MGGP). Drill programme commenced in January 2022 and is designed to infill (including historic data validation) and extend (depth extensions and along strike data gaps) the current Mineral Resource Estimate of 2.08 million ounces of gold. Assays have been returned from the first 55 holes with very encouraging gold results reported, including: 23m @ 5.04 g/t from 157m CMRC028; 18m @ 3.65 g/t from 149m CMRC031; 14m @ 6.40 g/t from 126m CMRC035; 19m @ 3.18 g/t from 160m CMRC038; 21m @ 2.22 g/t from 155m CMRC039; 10m @ 3.68 g/t from 139m CMRC1011; 6m @ 5.30 g/t from 230m CMRC1007; 15m @ 2.08 g/t from 184m CMRC017; 13m @ 2.34 g/t from 109m CMRC001; 8m @ 3.31 g/t from 204m CMRC015; 15m @ 1.73 g/t from 173m CMRC1007; 2m @ 11.92 g/t from 138m CMRC006; 10m @ 2.26 g/t from 75m CMRC022; 14m @ 1.59 g/t from 95m CMRC1001; 10m @ 2.18 g/t from 174m CMRC040. Importantly, significant gold mineralisation has been returned both within and below the resource pit optimisation shells with high-grade mineralisation intercepts aligning with historic data both spatially and for grade tenor. Review of strong results returned to date near the base of and below current resource pit optimisations has led to the planning of additional extensional drilling which will be incorporated in the drill programme in the current quarter. The resource drill programme will underpin an updated Mineral Resource Estimate and maiden Ore Reserve estimate targeted for completion in the September 2022 quarter. Regional exploration targeting underway with planning for drilling programmes at the prospective Taurus Trend and Highway prospects. Other technical studies to inform the maiden Ore Reserve estimate and feasibility studies are progressing. Infill and Extensional RC Drilling: Two RC rigs (third arriving end April 2022) are drilling the planned 81,000 metre drill programme across the 8 kilometres of strike of current resources. The objectives of this programme include: Infill drilling of resource to broadly bring the drill density to 25 x 25 metres; Test gaps between resource pit optimisation shells along the 8 kilometres of strike; and Test for extensions of gold mineralisation below the current resource shells. Results of this programme (and extensions to it) will underpin an updated Mineral Resource Estimate and a maiden Ore Reserve Estimate targeted for completion in the September 2022 quarter. The 188 holes (29,842 metres) of the RC drill programme completed to date have mainly focussed on the Orion Mine Trend, one of the more significant areas of the 2.08 million ounce resource at MGGP. Mineralisation remains open down dip and along strike to the north and south with multiple stacked lodes intersected. Importantly the assays received to date line up with the historic data both spatially and for grade tenor, providing validation of the historic +660,000 metre drill database acquired with the project in July 2021. This is very positive for resource categorisation in the next update given that Capricorn's current MRE of 79.7 mt at 0.80g/t gold for 2.083 million ounces is all classified as Inferred (in spite of drill density of 25m x 25m for the majority of the resource) due to the need to validate the data quality. It is also very encouraging that drilling to date at the depth extremities of the resource optimisation shells (where historic drill density is broader spaced) and below them has returned results consistent with Capricorn's geological interpretations of mineralisation location, widths and grade tenor. Review (including updated Capricorn internal pit optimisations) of strong results returned to date near the base of and below current resource pit optimisations has led to the planning of additional extensional drilling which will be incorporated in the drill programme in the current quarter.

Positive

Capricorn Metals Ltd Announces All Key Mining Tenure At the Wholly Owned Mt Gibson Gold Project

2021-12-14 21:41:00

Capricorn Metals Ltd. announced that all key mining tenure at the wholly owned Mt Gibson Gold Project has been granted. The grant of mining tenure is the culmination of tenement applications made by Capricorn subsidiary Crimson Metals Pty Ltd. pursuant to its priority rights in the Mt Gibson project area under section 100 of the Mining Act 1978 (WA). The granted tenure covers the 8 kilometres of strike hosting the current 2.08 million ounce gold resource, strike extension beyond the resource, and all known gold occurrences on the Mt Gibson project. The grant of mining tenure allows the company to commence expedited work to grow the gold resource and advance the project towards a maiden reserve estimate and feasibility study. It also provides access to commence testing of high priority exploration targets outside the immediate resource areas. Applications for a further four exploration licence covering 491 square kilometres have been made by the company at the MGGP since the acquisition of the project and are currently pending grant. These applications cover regional exploration areas with limited historical exploration. The target areas have been identified as having a geological and structural setting known to host mineable deposits in the Yilgarn Craton. These applications are expected to be granted in due course. The combined area of the granted tenure at MGGP covers approximately 213 square kilometres and in excess of 15 kilometres of strike on the gold bearing Retaliation Greenstone Belt, in the SW portion of the Yalgoo-Singleton Greenstone Belt. The MGGP has been the subject of approximately 660,000 metres of exploration and operations drilling, of which less than 5% is deeper than 150 metres below surface. The deepest open pit at the MGGP finished only approximately 100 metres below surface while the average depth of mining is between 60 - 80 metres below surface. The gold price in 1999 when the mining operations ceased was in the order of AUD 450 per ounce (compared to current price of circa AUD 2,500 per ounce). Resource Development Drilling: A detailed review of the 8 kilometres strike of the current 2.08 million ounce resource has generated an 81,000 metre drill programme for the purposes of: Infill drilling of resource to broadly bring the drill density to 25 x 25 metres; Test gaps between resource pit optimization shells along the 8 kilometres of strike of current resources; and Test for extensions of gold mineralization below the current resource shells. First Pass Exploration Drilling: An exploration programme consisting of geochemical soil sampling and a staged 30,000 metre first pass aircore drill programme has been planned to test some high priority known gold targets outside the resource areas and to generate geological targeting data on the regional tenement package. Exploration will apply targeting models and modern-day exploration techniques that have not previously been utilised on the project area given the area has not been subject to gold exploration for almost 30 years. On ground exploration is expected to commence in the March 2022 quarter with low impact activities including collecting rock chip samples, geochemical soil samples and geophysical drone surveys. Required environmental and other surveys will be commenced in preparation for drilling known targets. These regional exploration activities are expected to cost in the order of $2 million over 18 months and will be scaled up in the event of positive results.

Neutral

Capricorn Metals Ltd, Annual General Meeting, Nov 24, 2021

2021-10-06 06:39:00

Capricorn Metals Ltd, Annual General Meeting, Nov 24, 2021, at 10:00 W. Australia Standard Time. Location: Perth Convention and Exhibition Centre Meeting Room 7, 21 Mounts Bay Road Perth Western Australia Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2021 together with the declaration of the directors, the director's report, the Remuneration Report and the auditor's report; to consider adoption of the remuneration report; to consider election of director - Mr. Bernard De Araugo; to consider approval of increase to non-executive directors' remuneration; to consider ratification of prior issue under ASX Listing Rule 7.1; and to consider approval of issue of performance rights to Mr. Mark Clark.

Neutral

Capricorn Metals Ltd Presents at Gold Events Virtual Gold Conference, Aug-19-2021 04:40 PM

2021-08-06 10:42:00

Capricorn Metals Ltd Presents at Gold Events Virtual Gold Conference, Aug-19-2021 04:40 PM. Speakers: Kim Massey, CEO & Interim Company Secretary.

Neutral

Symposium Events Pty Ltd, Gold Events Virtual Gold Conference, Aug 19, 2021

2021-07-30 13:58:00

Symposium Events Pty Ltd, Gold Events Virtual Gold Conference, Aug 19, 2021.

Positive

Capricorn Metals Ltd (ASX:CMM) acquired Exploration and prospecting licenses applications over majority of Mt Gibson gold project from Avenger Projects Ltd.

2021-07-28 00:00:00

Capricorn Metals Ltd (ASX:CMM) acquired Exploration and prospecting licenses applications over majority of Mt Gibson gold project from Avenger Projects Ltd on July 28, 2021. The consideration was paid at completion, comprising of AUD 25.6 million in cash and AUD 14 million paid to Avenger by the issue of 7.56 million shares of Capricorn. Furthermore, granted to Avenger 1.0% net smelter royalty on all minerals produced from the MGGP including gold production in excess of 90,000 ounces. In a related transaction, Capricorn Metals Ltd via its subsidiary Metrovex Pty Ltd acquired various mining tenements, associated information, infrastructure & improvements from Extension Hill Pty Ltd. Capricorn funded the cash component of the two transactions by an additional AUD 20 million drawdown on its debt facility with Macquarie Bank, with the balance out of its existing cash reserves. Longreach Capital acted as financial adviser and Corrs Chambers Westgarth as legal counsel to Capricorn in relation to the transaction. Capricorn Metals Ltd (ASX:CMM) completed the acquisition of Exploration and prospecting licenses applications over majority of Mt Gibson gold project from Avenger Projects Ltd on July 28, 2021.

Positive

Capricorn Metals Ltd Announces Acquisition of Mt Gibson Gold Project

2021-07-27 23:53:00

Capricorn Metals Ltd. announced the execution and completion of two separate binding agreements (Acquisition Agreements) to acquire the Mt Gibson Gold Project (MGGP). The key terms and conditions of the Acquisition Agreements are set out on page 12 of this announcement. Pursuant to the Acquisition Agreements, Capricorn has acquired all of the shares in Crimson Metals Pty Ltd. (Crimson), the holder of priority applications for exploration and prospecting licenses over the majority of the MGGP area pursuant to its priority rights under section 100 of the Mining Act 1978 (WA) from Avenger Projects Ltd. and various mining tenure, mining information, and infrastructure & improvements (Sale Assets) from Extension Hill Pty Ltd. The ownership of the majority of the tenure comprising the MGGP has been the subject of applications by Crimson for forfeiture since 2017. Capricorn is pleased to facilitate transactions to acquire 100% of the project, supported by both Crimson and Extension Hill, that provide closure to the dispute and importantly unlock the future development of the MGGP. Further details of the Mt Gibson Gold Project follow. The Mt Gibson Gold Project (MGGP) is located approximately 280 kilometres northeast of Perth and less than 10 kilometres from the main arterial Great Northern Highway, in the Murchison region of Western Australia. It is 150 kilometres SSE of Yalgoo (Golden Grove VHMS base metal deposits) and 240 kilometres SSW of Cue and the Big Bell and other lode gold mines. Gold production commenced at the MGGP in 1986 on a modest laterite resource. By 1999, when the mine was placed on care and maintenance, the MGGP had mined several shallow laterite pits, 14 open pits with a maximum depth of approximately 100 metres, mining oxide, transitional and primary ore zones and an underground mine. The CIL plant (decommissioned and removed) processed 12.5 million tonnes of ore at an average grade of 1.99g/t gold for production of 799,600 ounces. A further 68,868 ounces of gold was recovered from a 4 million tonne heap leach operation, taking total historic gold production at the MGGP to 868,468 ounces. Historical gold recoveries through the CIL plant of >90% were indicative of the ores treated at that time being free milling. The MGGP tenements are located at the southern extremity of the Retaliation Greenstone Belt, in the SW portion of the Yalgoo-Singleton Greenstone Belt in the Murchison Province of the Yilgarn Craton. The tenements are mostly covered by a veneer of alluvial quartz sands and laterite gravels, with sporadic greenstone subcrop and outcrop, increasingly exposed in the north of the project area. The mineralised laterite gravels are situated slightly down-slope from the lode deposits on the Gibson trend. Regionally, the greenstone belt has been metamorphosed to middle amphibolite facies and hosts a number of Au-Cu deposits and prospects, including Golden Grove, 90km to the northwest of Mount Gibson.

Positive

Elemental Royalties Corp. Notes Announcement by Capricorn Metals Limited as It Completes First Gold Pour At Key Karlawinda Royalty

2021-07-06 11:14:00

Elemental Royalties Corp. noted the announcement by Capricorn Metals Limited that it has completed first gold pour at its Karlawinda Gold Project in Western Australia where Elemental holds a 2% NSR royalty. Capricorn's first gold pour at its wholly owned Karlawinda Gold Project on schedule and within budget is a major milestone Gold bars weighting 386 ounces were poured in the first smelt on June 30, 2021 Optimisation of the plant has commenced, with the three stage crushing circuit having already run in excess of required production rates at over 1,000 tonnes per hour The 7.5MW ball mill has operated at 91% availability during start-up, achieving targeted throughput rates for laterite feed Run of mine ore stocks continue to build, with in excess of 450,000 tonnes of ore on the ROM pad Ramp-up to full annual production rate of 110-125,000 ounces of gold expected over coming months alongside the declaration of commercial production Reserve and Resource update expected in Third Quarter 2021.

Positive

Capricorn Metals Ltd Announces Karlawinda Gold Project First Gold Pour

2021-06-30 23:31:00

The board of Capricorn Metals Ltd. announced that it poured first gold June 30, 2021 at its wholly owned Karlawinda Gold Project. Gold bars weighing 12.0 kg (386 ounces) were poured in the first smelt on site on 30 June 2021. Optimization of the three-stage crushing circuit to deliver the most suitable product size for ball mill feed in laterite ore is continuing. The crushing circuit has run at in excess of 1,000 tonnes per hour (tph) (6.1 million tpa at 70% availability) at times during the 6 days of start-up operations to date. The 7.5MW ball mill has operated at an average of 91% availability during start-up as final testing, inspections and alignments are completed. The ball mill has achieved a throughput of up to 480 tph (4.25Mtpa) on an ad-hoc basis during the 6 day start-up period. This is encouraging as 4.25Mtpa is the budget throughput for laterite feed used in generating expected long-term throughputs of: 4.5 - 5.0 Mtpa in oxide/fresh blend; and 4.0 - 4.5 Mtpa in fresh rock. Run of mine (ROM) ore stocks continue to build with in excess of 450,000 tonnes of ore now on the ROM pad. Ramp up and optimization activities continue across crushing, processing and plant services areas.

Neutral

Capricorn Metals Ltd Presents at Diggers and Dealers Mining Forum, Aug-04-2021 09:00 AM

2021-06-30 19:09:00

Capricorn Metals Ltd Presents at Diggers and Dealers Mining Forum, Aug-04-2021 09:00 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Kim Massey, CEO & Interim Company Secretary.

Fundamental Summary

Capricorn Metals released impressive Q4 results on 2022-03-14. Specifically, their growth, value, and income factors indicate a well-planned and balanced effort, which is generating exciting growth. This relative strength should allow Capricorn Metals to continue to perform well even in a tough market. As such, Capricorn Metals received an overall score of 82 and a BUY recommendation.

Capricorn Metals. announced earnings results for the full year ended June 30, 2021. For the full year, the company announced sales was AUD 110,000 compared to AUD 122,000 a year ago. Net loss was AUD 4.765 million compared to AUD 17.947 million a year ago. Basic loss per share from continuing operations was AUD 0.0139 compared to AUD 0.0595 a year ago.

Business Description

Capricorn Metals explores for, evaluates, and develops mineral properties in Australia and Madagascar. It holds a 100% interest in the Karlawinda gold project located in the Pilbara region of Western Australia. The company was formerly known as Malagasy Minerals Limited and changed its name to Capricorn Metals Limited in February 2016. Capricorn Metals Limited was incorporated in 2006 and is based in West Perth, Australia.

Sector Overview

Capricorn Metals 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. Capricorn Metals'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
Assets 387.4 29.3% 59
Liabilities 182.4 7.8% 69
Price to Book 7.9 55.5% 65
Cash & Equivalents 27.4 166.0% 91
Equity 205.0 57.2% 81
EBITDA 72.8 1224.0% 98
Total Revenues 125.8 114269.1% 37
Parameter Value Change Score
Return on Equity 29.5 802.0% 97
Net Cashflow 8.5 124.1% 81
Capital Expenditure -117.5 2.3% 81
Asset Turnover 0.5 88854.2% 79
Free Cashflow -0.2 52.0% 83

* All values are TTM

The below chart reflects Capricorn Metals'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 Capricorn Metals's peer average final assessment score stands on 68.0, Capricorn Metals's score is 82.

  •  CMM
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Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
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Hold
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56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
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IGO Limited 7.8B 50 78 72
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71 7 1
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72 8 1
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83 9 1
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65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
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74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
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64 12 1
Alumina Limited 4.4B 50 79 72
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70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
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73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
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84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
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56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
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84 22 1
Perseus Mining Limited 2.3B 81 65 83
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77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
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79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
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76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
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66
66 28 1
West African Resources Limited 1.3B 87 59 66
Hold
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68 29 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 30 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 31 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 32 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 33 1
Sayona Mining Limited 1.2B 66 73 68
Hold
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71 34 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 35 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 36 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 37 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 38 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 39 1
Equigold NL 854.0M 50 65 87
Hold
67
67 40 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 41 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 42 1
Jervois Global Limited 813.1M 78 71 54
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72
72 43 1
Mincor Resources NL 808.9M 62 77 57
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67
67 44 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
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64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
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68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

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. Capricorn Metals's stock is now priced below its 5-day, 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 negative setup in the near, medium, and long-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Capricorn Metals'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 47.

Bearish 47
Close Price 3.3
52W Low 1.76
52W High 4.67
5D MA 3.48
50D MA 3.77
200D MA 3.31
MACD -0.08
RSI 9.09
STOCH 0.0

Balance Sheet Analysis

Two main balance sheet metrics are driving the positive outlook for Capricorn Metals's financial strength going forward. Capricorn Metals did a great job related to cash and cash equivalents this period, which stood at 27.4, representing a 166.0% change from the previous filing. Its impressive cash and cash equivalents metrics should support upward pressure on its's stock price. Therefore, its cash and cash equivalents movement earned a score of 91. Also, Capricorn Metals reported solid equity numbers this period. At filing, equity was reported as 205.0, representing 57.2% change from the previous period. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. This performance is significantly more impressive than its peers and competitors. Consequently, their equity movement received a grade of 81. However, one discouraging result, Assets, stood out. Capricorn Metals assets metrics were reported as 387.4, representing a 29.3% change from the last filing. The lack of good news about assets momentum should be a cause for concern and is often met with downward pressure on the company's stock price. Consequently, their asset movement received a grade of 59. Therefore, we scored the company's balance sheet a 86.

Parameter Value Change Score
Assets 387.4 29.3% 59
Liabilities 182.4 7.8% 69
Price to Book 7.9 55.5% 65
Cash & Equivalents 27.4 166.0% 91
Equity 205.0 57.2% 81
* All values are TTM

The below chart describes Capricorn Metals's performance as reflected on its balance sheet with respect to its peers. While Capricorn Metals received a balance sheet score of 86, the average of its peers stands on 64.0.

  •  CMM
  •  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
West African Resources Limited 1.3B 92 56 81 92 42 87 29 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 30 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 31 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 32 1
Lake Resources NL 1.2B 78 74 55 64 78 66 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

EBITDA and Return Factors stand out as the most significant drivers of Capricorn Metals's income statement's strength. Capricorn Metals's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as 72.8, which represents a 1224.0% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 20.0%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. The company's EBITDA movement, therefore, received a grade of 98. Also, Capricorn Metals's reported return on equity (ROE) ratio was 29.5, representing a change of 802.0%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. Consequently, their return factors received a grade of 97. That said, one metric, Revenue Efficiency, stood out as particularly concerning. Capricorn Metals reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 125.8 and represented 114269.1% change from the previous period. This metric might have a 24.0 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Consequently, their revenue efficiency received a grade of 37. Therefore, it received a score of 69.

Parameter Value Change Score
EBITDA 72.8 1224.0% 98
Total Revenues 125.8 114269.1% 37
Return on Equity 29.5 802.0% 97
* All values are TTM

The below chart describes Capricorn Metals's performance as reflected on its income statement with respect to its peers. While Capricorn Metals received a income statement score of 69 , the average of its peers stands on 73.0.

  •  CMM
  •  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
West African Resources Limited 1.3B 43 84 63 59 29 1
Silver Lake Resources Limited 1.2B 95 42 41 63 30 1
De Grey Mining Limited 1.2B 44 45 76 47 31 1
Gold Road Resources Limited 1.2B 94 48 49 67 32 1
Lake Resources NL 1.2B 87 62 66 73 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

Overall, Capricorn Metals's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Capricorn Metals's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Capricorn Metals recorded free cash flow of -0.2, which represents a 52.0% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter 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. Consequently, their free cash flow movement received a grade of 83. Also, Capricorn Metals's management was effective in improving their net cash flow, which now sits at 8.5 and represents a 124.1% change from the previous report. Their net cash flow metrics are especially remarkable relative to their peers. Hence, its net cash flow earned a score of 81. That said, one metric, Asset Turnover, stood out as particularly concerning. Capricorn Metals'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 0.5, representing a 88854.2% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 2.7%. Their asset turnover numbers are significantly less impressive when compared to their peers and competitors. Correspondingly, their asset turnover movement received a grade of 79. Because the company's management is doing an excellent job managing these critical metrics, the cash flow was given a score of 82.

Parameter Value Change Score
Net Cashflow 8.5 124.1% 81
Capital Expenditure -117.5 2.3% 81
Asset Turnover 0.5 88854.2% 79
Free Cashflow -0.2 52.0% 83
* All values are TTM

The below chart describes Capricorn Metals's performance as reflected on its cash flow with respect to its peers. While Capricorn Metals received a cash flow score of 82, the average of its peers stands on 66.0.

  •  CMM
  •  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
West African Resources Limited 1.3B 73 84 42 58 66 29 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 30 1
De Grey Mining Limited 1.2B 80 69 76 61 73 31 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 32 1
Lake Resources NL 1.2B 68 69 76 60 68 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

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.