Emerald Resources NL (EMR) Report Analysis
Corporate Events
Emerald Resources Announces Okvau Reaches 3,000 Kgs Gold Bullion Milestone
2022-06-17 00:09:00
Emerald Resources NL advised that the Company's 100% owned Okvau Gold Mine in Cambodia which saw first commercial gold production in September 2021 has now poured over 3,000kgs of gold bullion from its operations. This significant milestone coincided with the Company's celebration of International Day of Women in Mining and the inaugural Community Open Day for the Okvau Gold Project. The Company's wholly owned subsidiary, Renaissance Minerals (Cambodia) Limitedand OPMS (Cambodia) Co. Ltd. (OPMS), the local subsidiary of MACA Mining, employ 58 women working across a variety of roles which include environment andcommunity management, laboratory supervisors, mining engineers, geologists, metallurgical technicians, heavy equipment operators, administration and camp. The inaugural Community Open Day saw more than 600 community members from Chong Plas and Memong Communes visited Chong Plas Primary School to learn about the Okvau Gold Project via mining, processing, safety, environment and human resources displays. Visitors enjoyed video presentations, listening to Emerald's local employees talk about their roles, observing how the site is monitored for environmental compliance and learning about the important role the local Phnom Prich Wildlife Sanctuary Rangers have in protecting the forest. OPMS provided a popular earthmoving display and 50 visitors were hosted at the mine and provided an in-depth tour.
Emerald Resources NL Provides an Interim Exploration Update for the Ongoing Maiden Drilling Program at the 100% Owned Memot Gold Project
2022-01-31 04:54:00
Emerald Resources NL provided an interim exploration update for the ongoing maiden drilling program at the 100% owned Memot Gold Project located 95km to the south west of the Company's 1.14Moz Okvau Gold Mine. The Company has undertaken a broad spaced 2,500m diamond core drill program targeting regional stratigraphy and structural continuity associated with historical drilling results and local artisanal workings. The drilling also (in part) targets strong chargeability anomalies identified from the recently completed IP geophysical surveys. At the date of this announcement, 13 diamond holes had been drilled (2,194m drilled) of which the gold results from the first ten holes have been returned (1,498 samples). The Company is awaiting multi-element assay results. Mineralised sub-horizontal quartz veins sets have been identified in all holes drilled to date at less than ~50m vertical depth including 1m @ 37.20 g/t Au from 33m (DD21MMT005), 1m @ 31.70g/t from 49m (DD21MMT010), 1m @ 25.40 g/t Au from 30m (DD21MMT006), and 1m @ 11.10 g/t Au from 28m (DD21MMT002). The mineralisation is associated with quartz veining and sulphides including arsenopyrite, chalcopyrite, pyrrhotite, pyrite and sphalerite. The recent drill results confirmed the reported mineralisation in the historical diamond drilling completed by previous tenement holders. Historic reported results include 3.54m @ 10.3g/t Au from 0m (ZK8-1), 0.3m @ 96g/t Au from 12.7m (ML7), 4m @ 5.98g/t Au from 7m (ML8), 0.3m @ 76.5g/t Au from 10.7m (ML6) and 3.8m @ 5.46g/t Au from 0m (ZK12-7). This historic drilling indicates the mineralisation continues towards the NE for at least ~500m beyond the current drill program. As the processing of the structural data from the core logging continues, additional drill targets at depth are being identified. Drilling will continue to investigate extensions of the known mineralisation. Additional identified historical work includes mapping and 23 rock chip samples (verified) from around the shafts and the artisanal workings. These results include 8 values greater that 9g/t with peak values of 72.8g/t, 74.5g/t and 83.2g/t Au coincident with high values of the same associated elements observed at the Okvau Gold Project (As, Te, Sb and Bi). In addition to the peak gold values, 3 rock chips samples also returned significant Ag (>190 g/t) and Cu (>3 %) values. Notably the highest grade (historical) rock chip samples were collected from the stockpiles created from spoils from underground mining. As previously announced, Emerald's technical team collected preliminary rock chip grab samples from recently mined stockpiled material and outcrops from the surrounding area. 5 of the 12 samples returned assays greater than 4g/t with the peak values of 40.4, 27.3, 23.6 and 13.65 g/t Au (including 226g/t Ag, 1.45% Pb and 1.43%Zn). Geochemistry sampling programs and geophysical surveys have been planned to start next quarter to identify possible regional scale extensions of the mineralisation at Memot, which has been largely untested by modern exploration techniques.
Emerald Resources NL (ASX:EMR) signed Takeover Bid Implementation Agreement to acquire remaining 80.55% stake in Bullseye Mining Limited from Hong Kong Xinhe International Investment Company Limited and others for approximately AUD 110 million.
2021-12-07 00:00:00
Emerald Resources NL (ASX:EMR) signed Takeover Bid Implementation Agreement to acquire remaining 80.55% stake in Bullseye Mining Limited from Hong Kong Xinhe International Investment Company Limited and others for approximately AUD 110 million on December 7, 2021. Under the Offer, Bullseye shareholders will receive 1 new Emerald share for every 3.43 Bullseye shares held. Emerald Resources NL has issued 22,067,700 Shares as consideration shares. The Offer will be implemented by way of an off-market takeover offer under the Australian Corporations Act. Emerald has acquired 19.45% of the current Bullseye shares on issue from existing Bullseye shareholders on the same terms as under the Offer Pre-bid Acquisition. Break up fee is AUD 0.5 million. The Offer is unanimously recommended by the Directors of Bullseye, who have also agreed to accept the Offer in respect of all shares they control, in each case, in the absence of a superior offer. The Offer is subject to a number of conditions including a 90% minimum acceptance condition, no Bullseye Material Adverse Change, occurring in relation to Bullseye and occurring in relation to Bullseye, No regulatory action, No Prescribed Occurrences, No exercise of rights under certain agreements or arrangements. Offer close (unless otherwise extended or withdrawn) 14 January 2022. As of December 21, 2021, Emerald Resources received acceptance equivalent to 42.1%. As on December 31, 2021, Emerald confirms that it now has a relevant interest in 47.5% of the 423,654,922 Bullseye shares currently on issue. As on January 6, 2021, Emerald confirms that it now has a relevant interest in 52.85% of the 423,654,922 Bullseye shares. Emerald declared its Offer free from all the conditions and Offer is now unconditional. The Offer is currently scheduled to close on January 14, 2022. As of January 14, 2022 Emerald Resources NL (ASX:EMR) has extended its offer to January 28, 2022. As of January 26, 2022 Emerald Resources NL (ASX:EMR) has extended its offer to close on February 11, 2022. As of February 11, 2022 Emerald Resources NL has extended its offer to March 4, 2022. As of February 18, 2022, Emerald confirms that it has a relevant interest in 55.87% of the 445,599,851 Bullseye shares currently on issue, comprising: 75,692,283 shares held directly by Emerald; and 173,250,196 shares pursuant to acceptances of the Offer by Bullseye shareholders. As of March 1, 2022, the directors Bullseye continue to maintain their recommendation that Bullseye shareholders accept Emerald’s offer in the absence of a superior proposal and has extended its offer to March 18, 2022. As of April 26, 2022, Emerald Resources NL recommended the Bullseye shareholders to accept the offer without delay despite of stopped processing offer acceptance of Au Xingao Investment Pty Ltd. As of April 27, 2022, Emerald has a relevant interest in 49.38% of the 445,599,851 Bullseye shares currently on issue, comprising: 210,108,221 shares held directly by Emerald and 9,928,554 shares pursuant to acceptances of the Offer by Bullseye shareholders. As of May 19, 2022, Emerald now has a voting power in Bullseye of 50.56%. As of June 3, 2022, Emerald now has increased the voting power in Bullseye to 58.79%. The parties intend that the Offer Period will be one month, and agree that the Offer Period may be extended by Emerald at its discretion or automatically, in accordance with the Corporations Act. Offer period begins on December 9, 2021 and ends on January 10, 2022. As of December 17, 2021, Emerald owns 31.8% stake in Bullseye Mining. Emerald and Bullseye have agreed to a deal protection regime including no shop and no talk rights, a right to match any superior offer and payment of an agreed break fee of AUD 500,000 to either party in certain circumstances. As of March 18,2022. Emerald Resources NL has extended it's offer to April 1,2022. As of April 1, 2022, Emerald Resources NL has extended the closing date of offer to April 15, 2022. As of April 8, 2022, Emerald Resources NL has extended the closing date of offer to April 29, 2022. As of May 19, 2022, the Offer now scheduled to close on June 3, 2022. As of June 3, 2022, Emerald Resources has extended the closing date of offer to June 17, 2022. As of June 17, 2022, Emerald has made unconditional takeover bid for all of the issued shares of Bullseye Mining Limited (Bullseye) that Emerald Resources does not already own (Offer) closes today at 5:00pm (WST). Emerald directors, Morgan Hart and Mark Clements have been appointed to the Bullseye Board, with Mr Hart as Chairman of Bullseye. The administrative, financial and operational functions of Bullseye are being transitioned to Emerald. As of June 21, 2022, the recommended and unconditional takeover bid has now closed with Emerald Resources holding a direct equity ownership in Bullseye of 59.32%. Steinepreis Paganin and Euroz Hartleys Limited acted as legal and financial advisor respectively to Emerald Resources NL. MPH Lawyers acted as legal advisor to Bullseye Mining Limited. Aspen Corporate Pty Ltd and BDO Audit (WA) Pty Ltd acted as registrar and auditor to Bullseye Mining Limited respectively.
Emerald Resources NL (ASX:EMR) acquired 19.45% stake in Bullseye Mining Limited for AUD 4.6 million.
2021-12-07 00:00:00
Emerald Resources NL (ASX:EMR) acquired 19.45% stake in Bullseye Mining Limited for AUD 4.6 million on December 7, 2021. Emerald Resources NL (ASX:EMR) completed the acquisition of 19.45% stake in Bullseye Mining Limited on December 7, 2021.
Emerald Resources NL, Annual General Meeting, Nov 25, 2021
2021-10-11 08:18:00
Emerald Resources NL, Annual General Meeting, Nov 25, 2021, at 11:00 W. Australia Standard Time. Location: 1304 Hay Street West 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 remuneration report; to consider board changes; to consider issue of options to director- Mr. Michael Evans; to consider increase in aggregate Non-Executive director fee pool; and to consider replacement of constitution.
Emerald Resources Nl Appoints Billie Jean Slott as Independent Non-Executive Director
2021-10-05 16:41:00
Emerald Resources NL announce the appointment of Ms Billie Jean Slott to the Board of the Company as an independent Non-Executive Director, effective immediately. Ms Slott is well regarded in Cambodian legal and political circles where she has distinguished herself as a commercial and dispute resolution legal advisor over the past 16 years. She has represented both private companies and the Royal Government of Cambodia.
Emerald Resources Reportedly Eyes Acquisition Opportunities
2021-09-30 01:39:00
Emerald Resources NL (ASX:EMR) is looking for acquisitions opportunities.
Emerald Resources Nl Completes Ramp Up Activities at its 100% Owned 2.0Mtpa Okvau Gold Mine
2021-09-20 23:00:00
Emerald Resources NL has completed ramp up activities at its 100% owned 2.0Mtpa Okvau Gold Mine. The management team will continue to focus on optimising the performance of the Okvau Gold Mine. Post commissioning of the sulphide float regrind circuit and achieving practical completion in July 2021, activities have focussed on ramp up to full production which has been maintained for a number of weeks. Gold production since commissioning on oxide ore in June 2021 (inclusive of gold in circuit) is approximately 19,000 ounces with circa 23,000 ounces expected to the end of the current quarter. This includes ore production for the first 15 days of September averaging 420 ounces per day recovered, confirming suitability of all plant for +100,000 ounce per annum gold production. Since the Company's maiden gold pour in June 2021, six shipments totalling 8,144 ounces of gold have been received by the refinery with out-turns received. A total of 6,958 ounces of gold have been sold to date at an average price of USD 1,795 per ounce. A further 5,132 ounces of gold dore has been poured ahead of mint out-turn. The process plant has run consistently above nameplate throughput rate of 2.0Mtpa. Throughput rate for this period has averaged 275 tonnes per hour which is 10% above DFS target. The plant has been run on predominantly fresh Diorite and Hornfelsed Metasediment ore feed. Ore reconciliation to date on a combination of oxide and sulphide ore feed has been strongly positive with actual production numbers indicating +25% positive reconciliation to reserve. Whilst the numbers are preliminary in nature due to the early stage of production the trend in sulphide grade control reconciliation to reserve is also positive +33% with higher grade and additional tonnes defined. Sulphide ore gold recoveries to date have averaged 82% which is in line with the expectations for the areas mined and milled (part transitional ore treated). Forecast gold recoveries for life of mine average 84%, further refinement of the sulphide circuit and ore blend management are expected to improve recoveries to +84%. The current cost per day average is on budget compared to DFS forecast, which is based on a USD 1,450 gold price assumption, an AISC of USD 754 per ounce and a 2Mtpa plant at 2.0g/t for 106,000 ounces per annum. This equates to approximately USD 220,000 per day cost profile during operations. The AISC for August 2021 was approximately USD 225,000 per day. With the positive reconciliation and additional throughput, the operation is expected to achieve an annualised AISC per ounce of USD 720 to USD 780/oz. Gold production guidance at the Okvau Gold Mine remains in line with the DFS of 100,000oz to 110,000oz on an annualised basis. Production guidance for the remainder of FY2022 remains in line with DFS forecasts at 25-30,000 ounces per quarter and cash costs of USD 720 - USD 780/oz.
Emerald Resources NL(ASX:EMR) added to S&P/ASX Emerging Companies Index
2021-09-20 00:00:00
Emerald Resources NL(ASX:EMR) added to S&P/ASX Emerging Companies Index
Emerald Resources NL Successfully Achieves Practical Completion at Okvau
2021-07-29 22:30:00
Emerald Resources NL has reached practical completion of construction and commissioning of its 100% owned 2.0Mtpa Okvau Gold Mine. The successful commissioning of the sulphide float regrind circuit and commencement of hard rock sulphide ore feed marks the commencement of run of mine ore processing and normal operations. The processing plant has performed well to date and is expected to achieve full nameplate capacity within the coming weeks. Project Update: Commissioning activities during July 2021 have focussed on the start-up of the sulphide float regrind circuit and adding higher grade sulphide ore to the processing plant. The sulphide float regrind circuit has now been successfully commissioned whilst the Company has continued production through processing of oxide ore from crusher to the SAG mill and through the CIL tanks, stripping circuits and detox circuit. During July 2021 whilst the process plant was processing oxide ore, the mill throughput was at 100% of nameplate capacity. In the first few days of operating on sulphide ore feed, mill throughput has already achieved a daily throughput rate in excess of 90% of nameplate with a ramp up to 100% expected over the coming weeks. Initial indications of sulphide ore gold recovery are positive with daily recoveries in excess of 88% achieved which reconciles well against the Definitive Feasibility Study (DFS) of 84%. Gold production guidance at the Okvau Gold Mine remains in line with the DFS of 100,000oz to 110,000oz Au on an annualised basis. The company expects to update the market with quarterly and FY2022 guidance prior to the end of the current quarter.
Emerald Resources NL Presents at 121 Mining Investment Online APAC, Nov-02-2021
2021-07-22 02:10:00
Emerald Resources NL Presents at 121 Mining Investment Online APAC, Nov-02-2021 .
121 Group Ltd, 121 Mining Investment Online APAC, Nov 02, 2021 through Nov 04, 2021
2021-07-22 01:14:00
121 Group Ltd, 121 Mining Investment Online APAC, Nov 02, 2021 through Nov 04, 2021.
Fundamental Summary
Emerald's recently released results from Q4 indicate that Emerald is performing reasonably well and on par with its peers. It is highly likely that the company will be mostly tethered to market performance and sector movements for the near term. Therefore, they earned a total score of 70 out of 100 and a HOLD recommendation.
Emerald announced earnings results for the full year ended June 30, 2021. For the full year, the company announced sales was AUD 21,000 compared to AUD 121,000 a year ago. Net loss was AUD 16.700 million compared to AUD 11.471 million a year ago. Basic loss per share from continuing operations was AUD 0.0324 compared to AUD 0.0309 a year ago.
Business Description
Emerald engages in the exploration and development of mineral reserves in the Cambodia and Australia. The company exploration tenements include a combination of 100% owned granted licenses, applications, and earn-in and joint venture agreements covering a combined area of 1,239 square kilometers. Its principal property is the Okvau Gold project located in the city of Phnom Penh, province of Mondulkiri. The company was formerly known as Emerald Oil & Gas NL and changed its name to Emerald in December 2014. Emerald was incorporated in 1969 and is headquartered in West Perth, Australia.
Sector Overview
Emerald 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. Emerald'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 | 2.6 | 117.3% | 94 | |
| Net Cashflow | -58.9 | 48.0% | 84 | |
| Capital Expenditure | -90.9 | 1.8% | 80 | |
| Asset Turnover | 0.2 | 256727.5% | 81 | |
| Free Cashflow | -0.1 | 34.5% | 81 |
* All values are TTM
The below chart reflects Emerald'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 Emerald's peer average final assessment score stands on 67.0, Emerald's score is 70.
- EMR
- 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. Emerald's stock is now priced above its 5-day and 200-day, but below its 50-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 and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Emerald's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 62.
5D MA
1.15
50D MA
1.18
200D MA
1.06
MACD
-0.01
RSI
0.45
STOCH
27.27
Balance Sheet Analysis
Overall, Emerald's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Emerald produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. Emerald's equity was reported as 141.4, which represents a 34.5% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. These equity changes appear exceptionally balanced and impressive objectively compared to their peers. Therefore, its equity movement component earned a score of 80. Also, Emerald's management was effective in managing the value of the assets on their balance sheet, which now sits at 326.6 and represents a 30.6% change from the previous report. This performance is interesting in comparison to its peers and competitors. Therefore, its asset component earned a score of 58. That said, one metric, Liabilities, stood out as strongly negative. In terms of liabilities, Emerald published uninspiring results. Their reported liabilities were 185.3, representing a 27.7% change from the previous report. This performance is relatively weak in comparison to their peers and suggests that its's stock price will likely suffer until this is solved. Its liabilities movement component, therefore, received a grade of 51. Therefore, we scored their balance sheet a 60.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 326.6 | 30.6% | 58 |
| Liabilities | 185.3 | 27.7% | 51 |
| Price to Book | 4.5 | 2.5% | 57 |
| Cash & Equivalents | 17.9 | -21.6% | 51 |
| Equity | 141.4 | 34.5% | 80 |
The below chart describes Emerald's performance as reflected on its balance sheet with respect to its peers. While Emerald received a balance sheet score of 60, the average of its peers stands on 64.0.
- EMR
- 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 |
| Lake Resources NL | 1.2B | 78 | 74 | 55 | 64 | 78 | 66 | 34 | 1 |
| Sayona Mining Limited | 1.2B | 78 | 74 | 55 | 64 | 78 | 66 | 35 | 1 |
| Regis Resources Limited | 1.1B | 77 | 74 | 51 | 48 | 63 | 53 | 36 | 1 |
| Piedmont Lithium Inc. | 1.1B | 97 | 54 | 82 | 97 | 39 | 88 | 37 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 44 | 83 | 54 | 45 | 37 | 47 | 38 | 1 |
| ioneer Ltd | 867.9M | 98 | 56 | 80 | 86 | 52 | 85 | 39 | 1 |
| Syrah Resources Limited | 856.9M | 63 | 75 | 38 | 46 | 94 | 49 | 40 | 1 |
| Equigold NL | 854.0M | 57 | 46 | 86 | 50 | 45 | 50 | 41 | 1 |
| Ramelius Resources Limited | 828.4M | 67 | 41 | 78 | 48 | 49 | 56 | 42 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 39 | 53 | 80 | 74 | 41 | 67 | 43 | 1 |
| Jervois Global Limited | 813.1M | 71 | 71 | 44 | 94 | 95 | 78 | 44 | 1 |
| Mincor Resources NL | 808.9M | 83 | 78 | 43 | 62 | 56 | 62 | 45 | 1 |
| Imdex Limited | 796.9M | 59 | 69 | 83 | 61 | 75 | 71 | 46 | 1 |
| Bellevue Gold Limited | 722.0M | 96 | 56 | 81 | 87 | 42 | 84 | 47 | 1 |
| St Barbara Limited | 701.5M | 80 | 69 | 51 | 49 | 61 | 53 | 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
Overall, Emerald's critical income statement metrics appear to strongly support positive growth going forward. Emerald's management was effective in improving its EBIDTA, which now sits at 30.3 and represents a 453.0% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 20.0%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. Therefore, its EBITDA component earned a score of 96. Also, In this filing, Emerald reported a return on equity (ROE) ratio of 2.6, which represents a change of 117.3%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. Therefore, its return factors component earned a score of 94. That said, one metric, Revenue Efficiency, stood out as particularly concerning. Emerald's revenue efficiency metrics look especially concerning this period, highlighting issues management is having controlling and reducing expenses while increasing earnings. 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. Its revenue efficiency, therefore, received a grade of 37. Therefore, we scored its income statement a 68.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | 30.3 | 453.0% | 96 |
| Total Revenues | 63.5 | 302242.9% | 37 |
| Return on Equity | 2.6 | 117.3% | 94 |
The below chart describes Emerald's performance as reflected on its income statement with respect to its peers. While Emerald received a income statement score of 68 , the average of its peers stands on 70.0.
- EMR
- 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 |
| Lake Resources NL | 1.2B | 87 | 62 | 66 | 73 | 34 | 1 |
| Sayona Mining Limited | 1.2B | 87 | 62 | 66 | 73 | 35 | 1 |
| Regis Resources Limited | 1.1B | 65 | 50 | 45 | 53 | 36 | 1 |
| Piedmont Lithium Inc. | 1.1B | 87 | 63 | 68 | 77 | 37 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 74 | 37 | 56 | 58 | 38 | 1 |
| ioneer Ltd | 867.9M | 87 | 55 | 60 | 69 | 39 | 1 |
| Syrah Resources Limited | 856.9M | 38 | 67 | 62 | 50 | 40 | 1 |
| Equigold NL | 854.0M | 79 | 44 | 91 | 65 | 41 | 1 |
| Ramelius Resources Limited | 828.4M | 94 | 51 | 48 | 68 | 42 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 87 | 67 | 84 | 78 | 43 | 1 |
| Jervois Global Limited | 813.1M | 37 | 94 | 93 | 71 | 44 | 1 |
| Mincor Resources NL | 808.9M | 98 | 57 | 59 | 77 | 45 | 1 |
| Imdex Limited | 796.9M | 77 | 60 | 56 | 56 | 46 | 1 |
| Bellevue Gold Limited | 722.0M | 87 | 44 | 83 | 69 | 47 | 1 |
| St Barbara Limited | 701.5M | 93 | 56 | 53 | 70 | 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, Emerald's critical cash flow metrics appear to signal strong support and a high likelihood of positive growth going forward. Emerald's management was effective in improving their net cash flow, which now sits at -58.9 and represents a 48.0% change from the previous report. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. Hence, its net cash flow earned a score of 84. Also, Emerald is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 0.2, representing a 256727.5% 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 more impressive when contrasted against their peers and competitors. Correspondingly, their asset turnover movement received a grade of 81. At the same time, one critical cash flow metric, Capital Expenditure, was notably weak. Emerald's published capital expenditures (CapEx) numbers were discouraging and reflected management's unbalanced growth strategy. Emerald recorded CapEx of -90.9, which represents a 1.8% change from the previous report. This performance is all the more uninspiring relative to their peers and competitors. Therefore, their CapEx movement component earned a score of 80. Its cash flow received an overall score of 84.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | -58.9 | 48.0% | 84 |
| Capital Expenditure | -90.9 | 1.8% | 80 |
| Asset Turnover | 0.2 | 256727.5% | 81 |
| Free Cashflow | -0.1 | 34.5% | 81 |
The below chart describes Emerald's performance as reflected on its cash flow with respect to its peers. While Emerald received a cash flow score of 84, the average of its peers stands on 70.0.
- EMR
- 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 |
| Lake Resources NL | 1.2B | 68 | 69 | 76 | 60 | 68 | 34 | 1 |
| Sayona Mining Limited | 1.2B | 68 | 69 | 76 | 60 | 68 | 35 | 1 |
| Regis Resources Limited | 1.1B | 65 | 76 | 68 | 69 | 69 | 36 | 1 |
| Piedmont Lithium Inc. | 1.1B | 59 | 62 | 69 | 54 | 60 | 37 | 1 |
| 5E Advanced Materials Inc. | 927.2M | 55 | 48 | 71 | 71 | 61 | 38 | 1 |
| ioneer Ltd | 867.9M | 47 | 57 | 54 | 51 | 51 | 39 | 1 |
| Syrah Resources Limited | 856.9M | 59 | 58 | 43 | 98 | 69 | 40 | 1 |
| Equigold NL | 854.0M | 91 | 69 | 72 | 84 | 87 | 41 | 1 |
| Ramelius Resources Limited | 828.4M | 59 | 56 | 81 | 58 | 62 | 42 | 1 |
| Vulcan Energy Resources Limited | 826.7M | 67 | 69 | 76 | 69 | 71 | 43 | 1 |
| Jervois Global Limited | 813.1M | 43 | 51 | 38 | 82 | 54 | 44 | 1 |
| Mincor Resources NL | 808.9M | 63 | 63 | 72 | 45 | 57 | 45 | 1 |
| Imdex Limited | 796.9M | 71 | 72 | 79 | 73 | 74 | 46 | 1 |
| Bellevue Gold Limited | 722.0M | 51 | 64 | 56 | 51 | 54 | 47 | 1 |
| St Barbara Limited | 701.5M | 54 | 46 | 71 | 55 | 56 | 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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