Mincor Resources NL (MCR) Report Analysis
Corporate Events
Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022
2022-06-17 09:35:00
Macquarie Group Limited, Critical Minerals Forum, Jun 27, 2022 through Jun 28, 2022. Venue: Macquarie Perth Office, Perth, Australia.
Mincor Resources NL Presents at Critical Minerals Forum, Jun-27-2022
2022-06-17 09:35:00
Mincor Resources NL Presents at Critical Minerals Forum, Jun-27-2022 . Venue: Macquarie Perth Office, Perth, Australia.
Mincor Resources NL Presents at RRS 2022 Gold Coast Conference, Jun-07-2022 09:15 AM
2022-06-07 01:17:00
Mincor Resources NL Presents at RRS 2022 Gold Coast Conference, Jun-07-2022 09:15 AM. Speakers: David Clifford Southam, MD & Director.
Resources Rising Stars, RRS 2022 Gold Coast Conference, Jun 07, 2022 through Jun 08, 2022
2022-06-07 00:33:00
Resources Rising Stars, RRS 2022 Gold Coast Conference, Jun 07, 2022 through Jun 08, 2022.
Mincor Resources Nl announces Outstanding New High-Grade Nickel Intercepts At Golden Mile
2022-06-01 22:33:00
Mincor Resources NL reported further significant results from underground drilling targeting the recently discovered nickel surface in the highly prospective exploration zone between the Company's Long and Durkin North Operations at Kambalda in Western Australia (together, the "Northern Operations"). Drilling continues to expand and increase confidence in the LN04a surface, paving the way for an initial Mineral Resource Estimate (MRE) in July 2022, if not earlier with the timely delivery of assays. When Mincor first announced the discovery of the LN04a surface, the Company defined the initial spatial extents of the new surface of approximately 550m by 150m. The latest round of drilling has provided additional confidence in the continuity of the mineralised surface within those extents, but with potential to grow beyond the original interpretation, with the surface remaining open along strike and, notably, up-dip. Recent drilling has also continued to reflect the high-grade massive sulphide intersections observed in the earlier rounds of drilling, resembling the typical Kambalda-type ore surface mined historically at Mincor's Northern Operations. A significant underground drilling program will continue at the Golden Mile over the remainder of CY2022.
Mincor Resources NL Announces First Development Ore Intersected Early at Northern Operations
2021-12-14 22:11:00
Mincor Resources NL announced that it has achieved a major milestone as it closes-in on the restart of nickel production in Kambalda, with development ore intersected ahead of schedule in two development headings at the Northern Operations (Durkin North). Significantly, high-grade development ore was intersected in the development heading on the 485 level at Durkin North approximately 36 metres ahead of the modelled first ore contact, with face sampling confirming high-grade massive sulphides (face sampling returned grades of up to 11.5% Ni). Development will continue through this newly identified zone and advance towards the targeted ore contact, the D1 ore surface, which is scheduled to be intersected later this month. Mincor believes that this potential new ore surface is related to the historical 1252 Embayment a sparsely drilled structure with known extensions through to the Otter Juan orebody, which historically hosted the significant "52 Orebody". Previous drilling of the 1252 structure was focussed on the flatter portions of the embayment, and it was not drill tested over the entire projected extent. Historic diamond drilling has been sub-parallel to where this new ore zone is now projected, meaning that this new zone may be open to the west, east and down-plunge. The Otter Juan mine is Kambalda's oldest mine and by far its largest single producer, with operations dating back to 1970. Mincor is currently reviewing this latest information to assess the opportunity for follow-up drilling to test the extent and continuity of this potential new ore surface. Importantly, this high grade mineralization is located outside the current mine plan and highlights the opportunity to identify additional nickel in previously unmined areas at Kambalda. The operations team has also confirmed first development ore ahead of schedule in the target zone at the 510 level access at Durkin North. At the time of the publishing this announcement only small samples had been analysed (which confirmed massive and matrix nickel sulphides) with a limited amount of ore extracted on the first contact. Visual mapping and analysis is ongoing.
Mincor Resources NL, Special/Extraordinary Shareholders Meeting, Dec 23, 2021
2021-11-23 08:16:00
Mincor Resources NL, Special/Extraordinary Shareholders Meeting, Dec 23, 2021, at 11:00 W. Australia Standard Time. Location: 9 Havelock Street Western Park Western Australia Australia Agenda: To consider Grant of Performance Rights to Managing Director or his nominee(s); to consider Approval of potential termination benefit in relation to Performance Rights.
Mincor Resources NL Announces $30 Million Revolving Credit Facility Ready for Draw-Down
2021-10-29 03:02:00
Mincor Resources NL reported that it has executed binding documentation with BNP Paribas for the $30 million Revolving Credit Facility ("RCF") announced as part of the recent $66.3 million capital raising. BNP Paribas provided a Credit Approved Terms Sheet for the new facility as announced on 7 September 2021, with the RCF replacing the approved $55 million syndicated Project Finance Facility. The recent capital raising completed by Mincor demonstrates the strength of the Company's current financial plan and the terms of the new facility reflect that strength. Mincor intends to utilise the funding over the next month for project development purposes at its Kambalda Nickel Operations.
Mincor Resources NL Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-14-2021 01:00 PM
2021-10-11 23:55:00
Mincor Resources NL Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-14-2021 01:00 PM. Venue: RAC Arena, Perth, Western Australia, Australia. Speakers: David Clifford Southam, MD & Director.
Resources Rising Stars, "BOOM in A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021
2021-10-11 21:20:00
Resources Rising Stars, "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021. Venue: RAC Arena, Perth, Western Australia, Australia.
Paydirt Media Pty Ltd, Australian Nickel Conference, Oct 05, 2021
2021-10-05 17:25:00
Paydirt Media Pty Ltd, Australian Nickel Conference, Oct 05, 2021. Venue: Pan Pacific Hotel, Perth, Australia.
Mincor Resources NL Presents at Australian Nickel Conference, Oct-05-2021 10:55 AM
2021-10-05 17:25:00
Mincor Resources NL Presents at Australian Nickel Conference, Oct-05-2021 10:55 AM. Venue: Pan Pacific Hotel, Perth, Australia. Speakers: David Clifford Southam, MD & Director.
Mincor Resources NL has completed a Follow-on Equity Offering in the amount of AUD 6.280371 million.
2021-09-22 00:00:00
Mincor Resources NL has completed a Follow-on Equity Offering in the amount of AUD 6.280371 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,906,540 Price\Range: AUD 1.28
Mincor Resources NL Reports Massive Sulphide Hit Extends High Grade Nickel Zone
2021-09-16 22:34:00
Mincor Resources NL reported two significant new high- grade massive sulphide nickel intersections, significantly extending the recently discovered mineralisation at the emerging "Hartley" prospect (renamed from Location 1), 17km north-west of its Cassini mine. Two new holes (MDD373W1 & MDD373W2) were drilled further south along strike from the high-grade intercepts announced on 25 August 2021, all within a 3km long untested zone. The holes returned the following assay results: MDD373W1 - 1.4m @ 3.0 % Ni; and MDD373W2 - 4.5m @ 3.3 % Ni The two holes were designed to test a 100m section to the south of the intercept in MDD372 reported on 25 August 2021. MDD373W2 is the most significant intersection encountered to date at the Hartley prospect in terms of its width, high grade and tenor. Importantly, this intersection sits in an open contact position, with a secondary hanging wall intersection of 2.2m @ 2.4% Ni approximately 6 metres above the mineralisation on the basalt contact. Interestingly, the contact was further to the east than modelled, suggesting a potentially more deeply embayed trough. These factors suggest that the mineralised channel could be stronger towards the south, although this will require further drilling to evaluate. The next hole, MDD374, is currently underway testing a further 100 metres to the south along the plunge of the channel.
Mincor Resources NL, Annual General Meeting, Nov 04, 2021
2021-09-07 08:35:00
Mincor Resources NL, Annual General Meeting, Nov 04, 2021, at 13:30 W. Australia Standard Time. Location: Karingal Room 2, at The Melbourne Hotel 33 Milligan Street Perth Western Australia Australia Agenda: To receive and consider the financial statements of the Company for the year ended 30 June 2021, consisting of the Consolidated Statement of Profit or Loss and other Comprehensive Income, Consolidated Statement of Financial Position, Consolidated Statement of Changes in Equity, Consolidated Statement of Cash Flows, the Directors' Report, the Directors' Declaration and the Auditor's Report; to adopt Remuneration Report; to consider the re-election of Director; to consider the employee Equity Incentive Plan; to consider the grant of Performance Rights to Managing Director or his nominee(s); to consider the termination benefit in relation to Performance Rights; to consider the ratification of issue of Placement Shares; and to deal with any other business which may be brought forward in accordance with the Company's Constitution and the Corporations Act 2001.
Mincor Resources NL - Shareholder/Analyst Call
2021-09-07 08:35:00
AGM
Mincor Resources NL has filed a Follow-on Equity Offering in the amount of AUD 5 million.
2021-09-07 00:00:00
Mincor Resources NL has filed a Follow-on Equity Offering in the amount of AUD 5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,906,250 Price\Range: AUD 1.28
Mincor Resources NL has filed a Follow-on Equity Offering in the amount of AUD 60 million.
2021-09-07 00:00:00
Mincor Resources NL has filed a Follow-on Equity Offering in the amount of AUD 60 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 46,875,000 Price\Range: AUD 1.28
Mincor Resources NL Announces High Grade Nickel Intersections at Location 1
2021-08-24 23:12:00
Mincor Resources NL has recorded two significant new high-grade massive sulphide nickel intersections (MDD371 & MDD372) in the 3km untested zone north of the Wannaway nickel mine, located 17km north-west of its new Cassini Operations. As advised in the Company's recent Quarterly Report, drill testing of the Location-1 target commenced in the June Quarter to confirm whether a potential channel located beneath a significant magnetic anomaly (extending over 1,250 metres of strike) could potentially host nickel sulphide mineralisation. A successful outcome from this limited drill program would have been to intersect sediment-free basal contact with thickened high MgO ultramafic - the typical prospective host stratigraphy for nickel sulphide mineralisation at Kambalda. Not only did the program achieve this outcome, but hole MDD365 intersected a narrow interval of nickel sulphides, returning 0.3m at 1.8% Ni in a footwall massive stringer vein (as reported previously). Recent drilling was completed to test EM plates generated from down-hole EM (DHEM) surveys undertaken on holes MDD365 and MDD368, and those survey results ultimately lead to two highly significant new intercepts located approximately 100m apart on roughly the same elevation. A summary of the new significant results are as follows: MDD371 - 0.8m @ 5.4% Ni (max assay of 0.1m @ 17.9% Ni in the massive vein, on contact); and 2.7m @ 1.4% Ni (off contact, in a hangingwall position). MDD372 - 1.2m @ 3.5% Ni (including 0.4m @ 4.4% Ni, on contact); 1.1m @ 2.9% Ni (including 0.3m @ 3.6% Ni, marginally off contact).
Mincor Resources NL Receives Intersections to Date At Golden Mile
2021-08-22 23:15:00
Mincor Resources NL reported two significant new high-grade massive sulphide intersections (ULG-21-028 & ULG-21-30) in the 1.1km zone between its Long and Durkin North mines (Golden Mile) near Kambalda. The new intercepts, the thickest encountered to date, are 40m to the south and 27m to the north respectively from UGL-21-022 (0.6m at 4.6% Ni) announced on 2 August 2021. Mincor was once again able to facilitate rapid turnaround of assays on the new Golden Mile intersections, with a summary of the new results as follows: ULG-21-030 8.1m @ 4.2% Ni, including 3.7m @ 6.0% Ni and 1.7m @ 4.5% Ni (all on contact); ULG-21-028 2.6m @ 3.7% Ni, including 0.3m @ 8.2% Ni (on contact). These latest results are the best intersections received to date from this emerging position with the combination of substantially increased thickness and high grades. This emerging area down-dip from Stockpile Two isdemonstrating great promise, given its proximity to existing underground infrastructure.
Mincor Resources NL Confirms Third Massive Sulphide Intercept At Golden Mile
2021-08-02 04:00:00
Mincor Resources NL announced that it has recorded a third high-grade massive sulphide nickel intersection in hole (ULG-21- 022) in the 1.1km zone between its Long and Durkin North mines, near Kambalda. The newest intercept is 35 metres down-dip from the first intersection (ULG-21-016) announced on 15 July 2021. Mincor was able to facilitate quick turnaround assays on the second and third intersections concurrently, with a summary of the results as follows: ULG-21-020 0.3m @ 5.0% Ni including 0.2 m @ 6.5% Ni; ULG-21-022 0.6m @ 4.6% Ni including 0.4m @ 5.3% Ni.
Mincor Resources NL Receives Assay Results from Long and Durkin North Mines, Near Kambalda
2021-07-22 23:21:00
Mincor Resources NL announced that it has received assay results for the massive sulphide intercept in the 1.1km zone between its Long and Durkin North mines, near Kambalda. The results confirm the high-grade tenor of the intersection, returning an outstanding intercept of 0.5m @ 6.3% Ni (including 0.3m @ 8.5% Ni). In a further encouraging development, the company can report that another intersection has occurred 24m down-dip from the above assayed intersection. The estimated width of this new intersection is 0.3 metres and, while portable-XRF analysis has confirmed the high-grade tenor, given this is based solely on a visual inspection, the company will await assay results to confirm the average nickel grade.
Mincor Resources NL Announces Update on Underground Drilling Program
2021-07-14 23:23:00
Mincor Resources NL announced that it has made a strong start to its underground drilling program in the untested 1.1km zone between the Long and Durkin North mines near Kambalda, with the second drill-hole intersecting a zone of high-tenor massive sulphides. A major program of underground drilling commenced recently from the first identified stockpile location in the space between the Long and Durkin North orebodies, referred to as the "Golden Mile" of nickel in Mincor presentations. The program will comprise sequential 'fans' of underground diamond drill holes which, in conjunction with down-hole electromagnetics (DHEM), will systematically test this zone for significant new zones of nickel sulphide mineralisation. In an excellent start to this program for fiscal year 22, the second diamond hole has yielded an exciting massive sulphide intersection which demonstrates the typical high-grade tenor associated with the Kambalda Dome mines of Long and Otter Juan. The estimated width of the intersection is 0.5 metres and, while portable-XRF analysis has confirmed the high- grade tenor, given this is based solely on a visible inspection and consistent with Mincor standards the Company will await final assays to confirm the average nickel grade of the intersection. Assay results are expected within 1-2 weeks. Mincor awarded the underground drilling contract to Webdrill in the March 2021 Quarter and mobilisation to site was completed in late June/early July 2021. The second underground drilling rig is currently completing a small grade control program. Once completed later this quarter, that rig will be utilised for the exploration program. A permanent wire for down-hole EM will be delivered to site in August 2021, meaning that an active DHEM program can be efficiently completed. In general, DHEM will be conducted on every second hole to assist with targeting for the drilling program as it progresses sequentially across the 'Golden Mile'.
Mincor Resources NL Presents at Diggers and Dealers Mining Forum, Aug-03-2021 11:10 AM
2021-06-30 19:09:00
Mincor Resources NL Presents at Diggers and Dealers Mining Forum, Aug-03-2021 11:10 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: David Clifford Southam, MD & Director.
Fundamental Summary
Mincor published its Q4 report on 2021-02-11 with positive results, but no significant factors particularly remarkable relative to its peers. We do believe, though, that macro-related market conditions will influence its performance more significantly than its individual results. Therefore, they earned a total score of 67 out of 100 and a HOLD recommendation.
Mincor announced earnings results for the full year ended June 30, 2021. For the full year, the company announced sales was AUD 114,000 compared to AUD 21.437 million a year ago. Operating loss was AUD 13.368 million compared to AUD 14.278 million a year ago. Net loss was AUD 13.429 million compared to AUD 14.283 million a year ago. Basic loss per share from continuing operations was AUD 0.031 compared to AUD 0.044 a year ago.
Business Description
Mincor, together with its subsidiaries, engages in the exploration, development, and mining of mineral resources in Australia. The company explores for nickel, gold, and copper deposits. Its flagship project is the Cassini Nickel mine located in the Southern Goldfields region of Western Australia. The company was formerly known as Africwest Gold NL and changed its name to Mincor in October 1999. Mincor was incorporated in 1996 and is headquartered in West Perth, Australia.
Sector Overview
Mincor 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. Mincor'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 | -14.8 | 50.6% | 59 | |
| Net Cashflow | 36.4 | 105.5% | 63 | |
| Capital Expenditure | -7.1 | -143.4% | 72 | |
| Asset Turnover | 0.0 | -99.6% | 45 | |
| Free Cashflow | -0.1 | -14.4% | 63 |
* All values are TTM
The below chart reflects Mincor'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 Mincor's peer average final assessment score stands on 71.0, Mincor's score is 67.
- MCR
- 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. Mincor's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Mincor'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 52.
5D MA
1.67
50D MA
2.22
200D MA
1.79
MACD
-0.18
RSI
0.6
STOCH
25.66
Balance Sheet Analysis
Overall, Mincor's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Mincor is doing a good job of keeping its liabilities under control and growing intelligently. At filing, their liabilities were 17.5, representing 6.5% change from the previous period. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. The company's liabilities movement component, therefore, received a grade of 83. Also, Mincor's management was effective in managing the value of the assets on their balance sheet, which now sits at 128.5 and represents a 72.7% change from the previous report. This growth should support upward pressure on its's stock price, which better captures their intrinsic value. Consequently, their asset movement received a grade of 78. However, one discouraging result, Equity, stood out. Mincor reported weak equity changes momentum this period. At filing, equity was reported as 111.0, representing 91.5% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 4.3%. Their equity metrics appear unremarkable relative to their peers. Consequently, their equity movement received a grade of 43. Consequently, their balance sheet earned a rank of 62.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Assets | 128.5 | 72.7% | 78 |
| Liabilities | 17.5 | 6.5% | 83 |
| Price to Book | 4.3 | -7.7% | 56 |
| Cash & Equivalents | 92.5 | 97.9% | 62 |
| Equity | 111.0 | 91.5% | 43 |
The below chart describes Mincor's performance as reflected on its balance sheet with respect to its peers. While Mincor received a balance sheet score of 62, the average of its peers stands on 70.0.
- MCR
- 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 |
| 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
Mincor appears likely to maintain its strong income statement metrics and momentum going forward. Mincor did an excellent job managing its revenue efficiency this past period. Mincor's revenue efficiency is 0.1 according to the metrics in the current filing, which represents a -99.4% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 24.9%. Their industry-leading revenue efficiency makes a strong case for upward pressure on its's stock price. As a result, its revenue efficiency earned a score of 98. Also, Mincor's reported return on equity (ROE) ratio was -14.8, representing a change of 50.6%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Consequently, their return factors received a grade of 59. However, one discouraging result, EBITDA, stood out. Mincor's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as -12.1, which represents a 1.7% change from the last period. This parameter coud affect companies in the same industry and market capitalization by up to 18.5%. Mincor appears to be headed in the wrong direction in terms of EBITDA momentum, likely due to insufficient capital controls and a weaker than expected overall financial performance. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 57. Its income statement, therefore, earned a score of 77.
| Parameter | Value | Change | Score |
|---|---|---|---|
| EBITDA | -12.1 | 1.7% | 57 |
| Total Revenues | 0.1 | -99.4% | 98 |
| Return on Equity | -14.8 | 50.6% | 59 |
The below chart describes Mincor's performance as reflected on its income statement with respect to its peers. While Mincor received a income statement score of 77 , the average of its peers stands on 71.0.
- MCR
- 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 |
| 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
Mincor's recently published cash flow showed overall, underwhelming numbers. Both Asset Turnover and Net Cash Flow were particularly concerning. Mincor's asset turnover numbers were discouraging, reflecting significant concerns related to management's ability to leverage assets to generate sales effectively and efficiently. Mincor recorded asset turnover of 0.0, which represents a -99.6% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 3.2%. Their lackluster asset turnover metrics, specifically in contrast to leading industry peers' performance, could present significant headwinds. Therefore, their asset turnover movement earned a score of 45. Also, Mincor's net cash flow metrics were 36.4 according to their current filing, which represents a 105.5% change from the previous report. As demonstrated by these concerning net cash flow metrics, their priorities seem to be headed in the wrong direction. Hence, their net cash flow earned a score of 63. On the other hand, Capex, jumped out as looking rather positive. Mincor's published capital expenditures (CapEx) numbers were encouraging and reflected management's balanced change strategy. Mincor recorded CapEx of -7.1, which represents -143.4% change from the previous report. This performance is all the more impressive relative to their peers and competitors. The company's CapEx movement, therefore, received a grade of 72. Its cash flow, therefore, earned a score of 57.
| Parameter | Value | Change | Score |
|---|---|---|---|
| Net Cashflow | 36.4 | 105.5% | 63 |
| Capital Expenditure | -7.1 | -143.4% | 72 |
| Asset Turnover | 0.0 | -99.6% | 45 |
| Free Cashflow | -0.1 | -14.4% | 63 |
The below chart describes Mincor's performance as reflected on its cash flow with respect to its peers. While Mincor received a cash flow score of 57, the average of its peers stands on 69.0.
- MCR
- 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 |
| 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.