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Askari Metals Limited engages in the exploration and development of mineral properties in Australia, Ethiopia, Namibia, and Tanzania. It explores for lithium, tantalum, tin, copper, gold, and rare earth elements. Its flagship project is the 100% owned Nejo Copper-Gold Project, covering an area of approximately 1,174 square kilometers located in Central Western Ethiopia. The company was formerly known as Askari Gold Limited and changed its name to Askari Metals Limited in February 2021. Askari Metals Limited was incorporated in 2020 and is based in Perth, Australia.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Askari Metals Ltd is an Australia-listed mineral exploration and development company that holds and tests exploration assets with the aim of defining economic mineral resources. Its long-term growth drivers include successful exploration results and resource delineation, commodity price movements, and the ability to secure project funding, which may benefit investors seeking leveraged exposure to potential resource discoveries. Investors may find the company attractive for exploration upside and project optionality relative to established producers.
Primary risks include a high degree of exploration and development risk, lack of operating cash flow, potential dilution from future financing, commodity price volatility and permitting or regulatory challenges.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
| Income before tax | -3.56M | -7.14M | -5.18M | -6.21M | -2.25M |
| Net income | -3.56M | -7.14M | -5.18M | -6.21M | -2.25M |
| Selling general administrative | - | 1.38M | 1.43M | 3.32M | 1.04M |
| Selling and marketing expenses | - | 1.88M | 3.36M | - | - |
| Gross profit | -0.01M | 0.03M | 0.01M | - | - |
| Reconciled depreciation | - | - | 0.08M | 0.24M | 0.05M |
| Ebit | -3.45M | -6.83M | -5.03M | -6.20M | -2.25M |
| Ebitda | -3.44M | -6.81M | -4.81M | - | -2.19M |
| Depreciation and amortization | 0.01M | 0.02M | 0.22M | - | 0.05M |
| Operating income | -3.45M | -3.24M | -4.87M | -6.20M | -2.25M |
| Other operating expenses | 3.45M | 3.27M | 4.79M | - | 2.24M |
| Interest expense | 0.17M | 0.32M | 0.13M | - | 0.00M |
| Tax provision | - | - | 0.00M | 0.00M | 0.00M |
| Interest income | - | 0.32M | 0.13M | 0.01M | 0.01M |
| Net interest income | - | - | -0.13M | -0.01M | -0.01M |
| Income tax expense | - | - | -0.25M | - | 0.00M |
| Total revenue | - | 0.03M | 0.01M | 0.02M | 0.00M |
| Total operating expenses | 3.44M | 3.27M | 4.79M | - | 2.24M |
| Cost of revenue | 0.01M | - | 0.09M | - | - |
| Total other income expense net | -0.11M | -3.91M | -0.31M | 0.02M | -0.01M |
| Net income from continuing ops | - | - | -5.18M | -6.21M | -2.25M |
| Net income applicable to common shares | - | -7.14M | -5.18M | -6.21M | -2.25M |
| Breakdown | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
| Total assets | 8.64M | 7.79M | 11.33M | 12.29M | 7.27M |
| Other current assets | 0.09M | 0.15M | 0.13M | - | - |
| Total liab | 1.41M | 1.62M | 2.21M | 1.29M | 0.38M |
| Total stockholder equity | 7.23M | 6.17M | 9.13M | 11.00M | 6.89M |
| Other current liab | 0.51M | 0.06M | 0.05M | - | 0.16M |
| Common stock | 28.19M | 24.45M | 21.46M | 19.00M | 9.10M |
| Capital stock | - | - | - | 19.00M | 9.10M |
| Retained earnings | -24.34M | -20.78M | -13.64M | -8.83M | -2.62M |
| Other assets | - | - | - | 0.02M | 0.02M |
| Cash | 0.26M | 0.02M | 0.22M | 3.46M | 4.35M |
| Total current liabilities | 1.41M | 1.62M | 2.21M | 1.27M | 0.33M |
| Current deferred revenue | - | - | 0.02M | - | - |
| Net debt | 0.04M | 0.80M | 0.61M | - | -4.26M |
| Short term debt | 0.29M | 0.82M | 0.83M | 0.00M | 0.03M |
| Short long term debt total | 0.29M | 0.82M | 0.83M | - | 0.09M |
| Other stockholder equity | - | - | - | 0.83M | 0.41M |
| Property plant equipment | - | - | - | 8.51M | 2.60M |
| Total current assets | 1.07M | 0.20M | 0.42M | 3.75M | 4.65M |
| Long term investments | - | - | - | 0.02M | 0.02M |
| Net tangible assets | - | - | - | 11.00M | 6.89M |
| Short term investments | 0.69M | - | - | - | - |
| Net receivables | 0.04M | 0.03M | 0.13M | 0.16M | 0.14M |
| Inventory | - | - | -0.06M | - | - |
| Accounts payable | 0.61M | 0.75M | 1.31M | 0.77M | 0.13M |
| Accumulated other comprehensive income | 3.38M | 2.50M | 1.30M | - | 0.41M |
| Non currrent assets other | 7.53M | 0.02M | 0.02M | 0.00M | - |
| Non current assets total | 7.57M | 7.60M | 10.91M | 8.53M | 2.62M |
| Capital lease obligations | - | - | - | 0.06M | 0.09M |
| Long term debt total | - | - | - | 0.02M | 0.06M |
| Breakdown | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 |
| Investments | - | - | -2.50M | -2.23M | -1.82M |
| Change to liabilities | - | - | - | 0.35M | -0.02M |
| Total cashflows from investing activities | 0.00M | -0.17M | -2.50M | -2.23M | -1.82M |
| Net borrowings | - | - | 0.69M | -0.04M | -0.04M |
| Total cash from financing activities | 2.29M | 2.47M | 1.76M | 5.50M | 2.23M |
| Change to operating activities | - | - | - | -0.04M | -0.06M |
| Net income | -3.56M | -7.14M | -5.18M | -6.21M | -2.25M |
| Change in cash | 0.23M | -0.20M | -3.23M | -0.90M | -1.45M |
| Begin period cash flow | 0.02M | 0.22M | 3.46M | 4.35M | 5.80M |
| End period cash flow | 0.26M | 0.02M | 0.22M | 3.46M | 4.35M |
| Total cash from operating activities | -2.06M | -2.50M | -2.49M | -4.17M | -1.87M |
| Issuance of capital stock | - | - | 1.18M | 5.85M | 2.83M |
| Depreciation | 0.01M | 0.04M | 0.25M | 0.40M | 0.16M |
| Other cashflows from investing activities | - | 0.12M | - | 0.02M | -0.15M |
| Change to account receivables | 0.08M | -0.01M | 0.10M | 0.00M | -0.08M |
| Sale purchase of stock | - | 2.09M | -0.08M | 5.72M | -0.56M |
| Other cashflows from financing activities | 0.42M | 0.08M | -0.04M | -0.32M | -0.01M |
| Change to netincome | - | - | - | 1.33M | 0.39M |
| Capital expenditures | 0.00M | 0.30M | 2.50M | 2.25M | 1.66M |
| Change in working capital | 0.67M | -0.01M | 0.65M | - | - |
| Stock based compensation | - | 0.70M | 1.59M | - | - |
| Other non cash items | 0.82M | 3.92M | 0.19M | - | - |
| Free cash flow | -2.07M | -2.79M | -4.99M | -6.41M | -1.66M |
Sector: Basic Materials Industry: Other Precious Metals & Mining
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| AS2 Askari Metals Ltd |
- -% |
0.00 | - | - | 406.48 | 0.48 | 10.54 | -5.13 |
| MI6 Minerals 260 Ltd |
-0.07 8.52% |
0.81 | 20.50 | - | - | 4.93 | - | -0.63 |
| ZIM Zimplats Holdings Ltd |
-0.56 3.91% |
13.75 | 3.73 | 8.90 | 1.17 | 0.47 | 0.74 | 1.78 |
| FRS Forrestania Resources Ltd |
-0.03 7.25% |
0.32 | - | - | 192.74 | 2.63 | 1125.61 | -2.61 |
| A1M Aic Mines Ltd |
-0.02 2.74% |
0.71 | 12.70 | - | 2.07 | 1.43 | 2.07 | 3.28 |
Askari Metals Limited engages in the exploration and development of mineral properties in Australia, Ethiopia, Namibia, and Tanzania. It explores for lithium, tantalum, tin, copper, gold, and rare earth elements. Its flagship project is the 100% owned Nejo Copper-Gold Project, covering an area of approximately 1,174 square kilometers located in Central Western Ethiopia. The company was formerly known as Askari Gold Limited and changed its name to Askari Metals Limited in February 2021. Askari Metals Limited was incorporated in 2020 and is based in Perth, Australia.
| Name | Title | Year Born |
|---|---|---|
| Mr. Gino D'Anna B.Com. | Exec. Director | 1985 |
| Mr. Christopher Allan Evans | Technical Director of Lithium & Director | NA |
| Mr. Paul Fromson B.Com., C.P.A., B.Com, CPA, ACIS, AICD | CFO & Company Sec. | NA |
| Mr. Johan Lambrechts B.Sc. | VP of Exploration & Geology | NA |
| Mr. Gino D'Anna B.Com. | Executive Director | 1985 |
| Mr. Paul Fromson ACIS, AICD, B.Com, B.Com., C.P.A., CPA | CFO & Company Secretary | NA |
| Mr. Johan Lambrechts B.Sc. | Vice President of Exploration & Geology | NA |
| Mr. Cliff Fitzhenry | Chief Exploration & Project Manager -Africa | NA |
| Mr. Gino D'Anna B.Com. | Executive Director | 1985 |
| Mr. Paul Fromson ACIS, AICD, B.Com, B.Com., C.P.A., CPA | CFO & Company Secretary | NA |
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