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Askari Metals Limited
(Sydney:AS2)
Askari Metals Limited (AS2) vs. iShares MSCI Australia ETF (EWA)
Askari Metals Limited Business Overview & Revenue Model
Askari Metals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.33K | 30.33K | 11.65K | 20.68K | 0.00 | 0.00 |
| Gross Profit | -30.78K | 30.33K | 11.65K | -217.23K | -52.59K | 0.00 |
| EBITDA | -6.81M | -6.81M | -4.81M | -5.59M | -2.19M | -370.54K |
| Net Income | -7.14M | -7.14M | -5.18M | -6.21M | -2.25M | -370.54K |
Balance Sheet | ||||||
| Total Assets | 7.79M | 7.79M | 11.33M | 12.29M | 7.27M | 6.67M |
| Cash, Cash Equivalents and Short-Term Investments | 24.66K | 24.66K | 221.84K | 3.46M | 4.35M | 5.80M |
| Total Debt | 819.93K | 819.93K | 850.22K | 55.79K | 92.98K | 23.75K |
| Total Liabilities | 1.62M | 1.62M | 2.21M | 1.29M | 383.22K | 632.86K |
| Stockholders Equity | 6.17M | 6.17M | 9.13M | 11.00M | 6.89M | 6.04M |
Cash Flow | ||||||
| Free Cash Flow | -2.79M | -2.79M | -4.99M | -6.40M | -3.53M | -250.00K |
| Operating Cash Flow | -2.50M | -2.50M | -2.49M | -4.15M | -1.87M | -146.03K |
| Investing Cash Flow | -172.91K | -172.91K | -2.50M | -2.23M | -1.82M | -114.98K |
| Financing Cash Flow | 2.47M | 2.47M | 1.76M | 5.50M | 2.23M | 6.06M |
Askari Metals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
50 Neutral | AU$9.58M | -0.39 | -93.45% | ― | ― | 27.01% | |
44 Neutral | AU$3.44M | -3.17 | -21.67% | ― | ― | 29.31% | |
44 Neutral | AU$6.11M | -1.22 | -55.11% | ― | ― | -164.12% | |
38 Underperform | €2.19M | -9.09 | -28.11% | ― | ― | ― | |
34 Underperform | AU$5.76M | -4.06 | -25.70% | ― | -100.00% | 80.33% | |
34 Underperform | AU$3.76M | -1.37 | -135.06% | ― | ― | 30.99% |
Askari Metals Limited Corporate Events
Askari Metals Limited has announced a significant expansion into Ethiopia with the acquisition of the Nejo Gold and Copper Project, enhancing its exploration footprint in a highly prospective geological setting. This strategic move complements its existing projects in the Adola Greenstone Belt and is supported by regulatory approvals and strengthened funding through a rights issue and asset sale. The company is poised for a transformative exploration phase targeting high-grade gold and copper systems, with a focus on cost-effective operations in Ethiopia and Namibia.
Askari Metals Limited has announced its upcoming Annual General Meeting (AGM), scheduled for November 28, 2025. The meeting will address several key resolutions, including the adoption of the Remuneration Report, the election and re-election of directors, approval of a mandate to issue additional equity securities, and the ratification of prior share issues to Celtic Capital Pty Ltd and Vendor Shareholders. These resolutions are pivotal for the company’s governance and strategic financial operations, potentially impacting shareholder value and the company’s market positioning.
Askari Metals Limited announced that all resolutions proposed at its General Meeting held on 22 October 2025 were passed. The resolutions included approvals for director participation in placements and the issuance of options and shares to various stakeholders, reflecting the company’s strategic efforts to strengthen its financial and operational framework.
Askari Metals Limited has announced a change in the director’s interest, with Director Gino D’Anna acquiring an additional 500,000 fully paid ordinary shares through on-market purchases. This acquisition increases his total shareholding to 31,915,300 shares, reflecting a strategic move that could signal confidence in the company’s future prospects and potentially impact investor perception positively.
Askari Metals Limited announced a pro-rata non-renounceable rights offer to raise approximately $1.5 million by issuing new shares and options to eligible shareholders in Australia and New Zealand. The funds raised will be used for exploration expenditure, debt repayment, and working capital, potentially impacting the company’s financial stability and operational capabilities.
Askari Metals Limited has announced a non-renounceable entitlement issue to raise approximately $1.5 million through the issuance of new shares and options. The funds will be directed towards exploration, debt repayment, and working capital. This move is expected to enhance Askari’s financial position and support its ongoing exploration initiatives in Southern Africa. The offer is available to shareholders in Australia and New Zealand, while ineligible shareholders outside these regions will not participate due to regulatory considerations.
Askari Metals Limited has announced a pro-rata non-renounceable entitlement offer to raise approximately $1.5 million by issuing shares priced at $0.01 each, along with free attaching options. The offer is open to eligible shareholders in Australia and New Zealand, with a closing date set for November 19, 2025. This capital raising initiative is expected to support the company’s ongoing exploration and development projects, potentially enhancing its market position and providing opportunities for stakeholders.
Askari Metals Limited has announced its upcoming Annual General Meeting (AGM) scheduled for November 28, 2025, with the deadline for director nominations set for October 24, 2025. This meeting is significant for stakeholders as it may influence the company’s strategic direction, especially given its ongoing exploration initiatives and potential divestment strategies.
Askari Metals Limited has finalized a Share Sale Agreement with Forrestania Resources Limited, selling its Australian subsidiary, First Western Gold Pty Ltd, which holds several exploration licenses including the Burracoppin Gold Project. This transaction, valued at A$850,000, allows Askari to concentrate on its African projects, particularly the Nejo Gold and Copper Project in Ethiopia, where it plans to expedite exploration and drilling activities. This strategic move aligns with the company’s focus on leveraging the current high gold prices and advancing its position as a key player in the African mining sector.
Askari Metals Limited announced a change in the director’s interest, with Gino D’Anna acquiring additional shares and options in the company through on-market purchases. This move indicates a potential increase in confidence from the director in the company’s future prospects, which may positively influence stakeholder perceptions and market positioning.
Askari Metals Limited has announced a pro-rata non-renounceable entitlement issue, offering 1 share for every 3 shares held, at a price of $0.01 per share, aiming to raise approximately $1,497,433. The offer includes attaching new options, with unlisted options exercisable at $0.015 and listed AS20B options at $0.022, expiring on December 31, 2028. This initiative is expected to provide additional capital for the company, potentially enhancing its financial flexibility and market positioning.
Askari Metals Limited has announced a live webinar to discuss its recent rights issue aimed at funding the exploration strategy for the Nejo Gold and Copper Project in Ethiopia. This initiative is part of the company’s efforts to enhance its exploration activities in the Arabian-Nubian Shield, a region known for its significant mineral deposits. The webinar will provide an opportunity for shareholders and investors to engage directly with the company’s management, highlighting Askari’s commitment to transparency and stakeholder engagement.
Askari Metals Limited has announced an update regarding its proposed issue of securities, specifically highlighting a non-renounceable rights issue with free attaching options. The new class of options, which have an exercise price of 1.5 cents each, is set to expire on December 1, 2028. This strategic move is part of the company’s efforts to strengthen its financial position and enhance shareholder value by offering additional investment opportunities.
Askari Metals Limited has announced a non-renounceable entitlement offer to raise approximately $1.5 million to fund exploration activities at its Nejo Gold and Copper Project in Ethiopia. This initiative is part of Askari’s strategy to enhance its African exploration portfolio, particularly in the underexplored Arabian-Nubian Shield. The funds will support a maiden drilling campaign and strengthen the company’s balance sheet, with Executive Director Mr. Gino D’Anna demonstrating strong shareholder alignment by taking up his full entitlement. The Nejo Project is seen as a flagship opportunity, with a clear pathway to a potential JORC mineral resource, complementing Askari’s other projects in the region.
Askari Metals Limited has released its Corporate Governance Statement, outlining its adherence to the ASX Corporate Governance Council’s Principles and Recommendations. The company has adopted a comprehensive Corporate Governance Plan and Board Charter, detailing the roles and responsibilities of its Board, Chair, and management. Despite not forming individual Board committees due to its current size and operations, the company ensures that all governance duties are effectively managed by the full Board. This approach reflects Askari Metals’ commitment to maintaining robust governance practices, which is crucial for its operational integrity and stakeholder confidence.
Askari Metals Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s recommendations, highlighting their commitment to transparency and accountability. This move is expected to reinforce stakeholder confidence and align the company with industry best practices.
Askari Metals Limited has announced a General Meeting to discuss several resolutions concerning the issuance of shares and options. These resolutions include issuing shares and options to director Mr. Gino D’Anna, Tranche 1 Placement Participants, the Lead Manager, and the Vendor Shareholder. The approval of these resolutions is aimed at facilitating the company’s strategic financial and operational goals, potentially impacting its market positioning and shareholder value.
Forrestania Resources Limited has signed a binding agreement to acquire First Western Gold Pty Ltd, a subsidiary of Askari Metals Limited, which holds the Burracoppin Gold Project in Western Australia. This acquisition aligns with Forrestania’s strategy to consolidate high-quality gold assets in the Southern Cross region, potentially expanding its resource base and advancing towards a future mining lease. The transaction includes a cash and shares consideration of $700,000, along with options that provide Forrestania with exposure to Askari’s African exploration projects.
Askari Metals Limited has announced a proposed issue of securities, which includes the issuance of 30 million unlisted options exercisable at 6 cents each, expiring three years from the date of issue, and 15 million options expiring on December 31, 2028. This move is part of a placement or other type of issue, with the proposed issue date set for November 28, 2025. This announcement could potentially impact the company’s capital structure and provide additional funding for its operations, thereby influencing its market position and stakeholder interests.
Askari Metals Limited has signed a Share Sale Agreement with Forrestania Resources Limited to sell its wholly owned subsidiary, First Western Gold Pty Ltd, which holds several exploration licenses including the Burracoppin Gold Project in Western Australia. The transaction, valued at A$700,000, allows Askari to concentrate on its African projects, particularly the Nejo Gold and Copper Project in Ethiopia. This move aligns with Askari’s strategy to focus on African exploration without resorting to dilutive capital raising, benefiting from the current high gold prices and providing funds to advance their African projects.
Askari Metals Limited has announced the application for quotation of new securities on the Australian Securities Exchange (ASX). The announcement includes the issuance of 5,000,000 options expiring on December 31, 2028, and 7,400,000 fully paid ordinary shares. This move is part of the company’s strategic objectives and activities update, aiming to enhance its capital structure and support its ongoing exploration and development projects.
Askari Metals Limited has announced the quotation of 28,999,998 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code AS2. This move is part of a previously announced transaction and is expected to enhance the company’s market presence and liquidity, potentially benefiting stakeholders by increasing the accessibility and trading volume of its shares.
Askari Metals Limited announced an update to its previous announcement regarding the acquisition of the Adola Greenstone Belt Gold projects. The company revised the share consideration from 20,000,000 to 24,999,999 shares, indicating a strategic move to enhance its asset base and potentially strengthen its position in the gold mining sector.
Askari Metals Limited has announced a series of strategic initiatives aimed at strengthening its position as an African-focused exploration company. The company is set to acquire the Nejo Gold and Copper Project in Ethiopia, pending shareholder approval, and has completed steps to finalize the acquisition of the Adola Greenstone Belt Gold Projects. Additionally, Askari has restructured its debt to allow for more flexible repayment options and engaged AXINO Capital to enhance its investor presence in Europe. These moves are expected to bolster Askari’s exploration capabilities and investor engagement, positioning the company for future growth in the African mining sector.
Askari Metals Limited has issued 1,500,000 fully paid ordinary shares without disclosure to investors, as per the Corporations Act. This move is part of the company’s strategic efforts to strengthen its financial position as it continues to explore and develop its projects in Southern Africa, potentially impacting its market positioning and stakeholder interests.
Askari Metals Limited has successfully completed legal due diligence for its acquisition of the Nejo Gold and Copper Project in Ethiopia, confirming the validity of its exploration licenses. This strategic move enhances Askari’s presence in the mineral-rich Arabian-Nubian Shield, providing significant resource potential and reinforcing its commitment to sustainable operations and stakeholder engagement in the region.
Askari Metals Limited has announced the issuance of 1,500,000 ordinary fully paid shares as part of an Extension of Time payment for a Redeemable Note valued at A$15,000. This strategic move is aimed at enhancing liquidity and financial flexibility, potentially impacting the company’s operational capabilities and market positioning.
Askari Metals Limited has completed technical due diligence on its Nejo Gold and Copper Project in Ethiopia, a significant step towards finalizing its acquisition. The project, located on the Arabian-Nubian Shield, offers large-scale resource potential and positions Askari as a key player in the region’s gold and copper exploration. The company’s strategic focus on the Nejo project aims to unlock high-grade gold and copper resources, enhancing its market presence and exploration capabilities in a pro-mining jurisdiction.
Askari Metals Limited has announced significant advancements in its Ethiopian gold strategy, including a binding agreement to acquire gold projects on the Adola Greenstone Belt and the Nejo Gold and Copper Project. These acquisitions position Askari strategically near known gold deposits and modern gold mines, with plans for exploration programs to assess the potential for high-grade mineralization. The company is committed to building a Tier-1 gold and copper portfolio in Ethiopia, emphasizing collaboration with local stakeholders and contributing to sustainable development. Additionally, Askari is reviewing its Uis Project in Namibia for potential tin, tantalum, rubidium, and lithium mineralization.