Want to see AU:AS2 full AI Analyst Report?
Askari Metals Limited (AS2) AI Stock Analysis
Askari Metals Limited
(ASX:AS2)
The overall score is at the minimum of 37, reflecting a highly speculative, pre-revenue exploration company. The most significant factors are the complete absence of revenue and deeply negative cash flows, which are only partially offset by a low-debt balance sheet. The lack of any technical data and a negative P/E ratio further confirm the stock's extreme risk profile and lack of traditional investment merit.
Askari Metals Limited (AS2) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 3.48M
- Dividend Yield
- ―
- Average Volume (3M)
- ―
- Price to Earnings (P/E)
- -0.6
- Beta (1Y)
- 0.86
- Revenue Growth
- ―
- EPS Growth
- 83.09%
- Country
- Australia
- Employees
- 2
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Other Precious Metals
Askari Metals Limited Business Overview & Revenue Model
Company Description
Based in Perth, Australia, Askari Metals Limited was founded in 2020 and initially operated as Askari Gold Limited before rebranding in February 2021. The company is actively involved in identifying, exploring, and developing mineral resources, prima...
How the Company Makes Money
null
Askari Metals Limited Financial Statement Overview
Summary
Financial performance is critically weak. The company has zero revenue, persistent and substantial net losses, and deeply negative cash flows. The only mitigating factor is a conservative balance sheet with minimal debt, but this is overshadowed by a -49.2% return on equity and complete dependence on cash reserves to fund ongoing operations.
Income Statement
8Very NegativeBalance Sheet
55NeutralCash Flow
18Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 30.33K | 11.65K | 20.68K | 0 |
| Gross Profit | -10.73K | -10.73K | 30.33K | 11.65K | -217.23K | -52.59K |
| EBITDA | -3.44M | -3.44M | -6.79M | -4.97M | -5.59M | -2.19M |
| Net Income | -3.56M | -3.56M | -7.14M | -5.18M | -6.21M | -2.25M |
Balance Sheet | ||||||
| Total Assets | 8.64M | 8.64M | 7.79M | 11.33M | 12.29M | 7.27M |
| Cash, Cash Equivalents and Short-Term Investments | 941.81K | 941.81K | 24.66K | 221.84K | 3.46M | 4.35M |
| Total Debt | 294.36K | 294.36K | 819.93K | 850.22K | 55.79K | 92.98K |
| Total Liabilities | 1.41M | 1.41M | 1.62M | 2.21M | 1.29M | 383.22K |
| Stockholders Equity | 7.23M | 7.23M | 6.17M | 9.13M | 11.00M | 6.89M |
Cash Flow | ||||||
| Free Cash Flow | -2.07M | -2.07M | -2.79M | -4.99M | -6.40M | -3.53M |
| Operating Cash Flow | -2.06M | -2.06M | -2.50M | -2.49M | -4.15M | -1.87M |
| Investing Cash Flow | 2,368 | 2,368 | -172.91K | -2.50M | -2.23M | -1.82M |
| Financing Cash Flow | 2.29M | 2.29M | 2.47M | 1.76M | 5.50M | 2.23M |
Askari Metals Limited Peers Comparison
Overall Rating
AU:M3M40Underperform
AU:SLA39Underperform
AU:SMX38Underperform- AU:AS237Underperform
AU:AVW37Underperform
AU:ATT35.5Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:M3M | 40Underperform | AUD 3.97M | -1.83 | -77.64% | ― | ― | 63.51% |
| AU:SLA | 39Underperform | AUD 7.70M | -1.59 | -142.96% | ― | ― | -267.57% |
| AU:SMX | 38Underperform | AUD 6.54M | -0.01 | -97.22% | ― | ― | 48.84% |
| AU:AS2 | 37Underperform | AUD 3.48M | -0.58 | -45.74% | ― | ― | 83.09% |
| AU:AVW | 37Underperform | AUD 3.45M | -2.14 | -17.83% | ― | ― | 31.71% |
| AU:ATT | 36Underperform | AUD 1.54M | -0.54 | -119.59% | ― | ― | 49.67% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:AS2 | Askari Metals Limited | 0.01 | -0.01 | -50.00% | |
| AU:AVW | Avira Resources Ltd | 0.01 | 0.00 | 0.00% | |
| AU:SMX | Nickelx Ltd | 0.02 | -0.01 | -23.81% | |
| AU:ATT | Copper Search Ltd. | 0.01 | -0.02 | -66.67% | |
| AU:SLA | Lycaon Resources Ltd. | 0.13 | -0.06 | -31.58% | |
| AU:M3M | M3 Mining Ltd. | 0.02 | -0.02 | -52.50% |
Askari Metals Limited Corporate Events
Askari Metals to Lift Escrow on 5.04 Million Shares Without Changing Capital Base
Askari Metals Limited, listed on the ASX, is an Africa-focused exploration company concentrating on gold and critical minerals through its Nejo Project in Ethiopia and Uis Project in Namibia. The Nejo Project targets brownfields gold and copper on th...
Askari Metals Files Updated ASX Corporate Governance Disclosures
Askari Metals Limited has lodged its Appendix 4G and confirmed that its corporate governance statement for the year to 30 June 2026 is current as at 30 September 2026 and approved by the board. The statement is published on the company’s websit...
Askari Metals Releases Comprehensive 2026 Annual Report
Askari Metals Limited has released its annual report for the year ended 30 June 2026, providing a comprehensive set of consolidated financial statements and detailed notes. The report outlines profit or loss, financial position, cash flows, changes i...
Askari Metals Sets 2026 AGM Date and Director Nomination Deadline
Askari Metals has scheduled its next Annual General Meeting for Thursday, 19 November 2026, in line with ASX Listing Rule requirements and its constitution. The company has set 5.00pm WST on Thursday, 1 October 2026 as the deadline for written nomina...
Askari Metals Issues New Shares and Options, Settles Creditor Fees
Askari Metals Limited has completed share issues totalling 37,523,067 fully paid ordinary shares and 15,000,000 quoted options exercisable at $0.022, expiring on 31 December 2028. Of these, 15,000,000 shares at $0.01 each with accompanying options we...
Askari Metals Completes Issue of Unquoted Securities Under Prior Transaction
Askari Metals has notified the ASX of the issue of new unquoted securities that form part of a previously announced transaction, confirmed via an Appendix 3B also lodged on 11 September 2026. The securities, which are not intended to be quoted on the...
Askari Metals Issues 20 Million Unquoted Performance Rights
Askari Metals Limited has notified the market of the issue of 20,000,000 unquoted performance rights, designated under ASX security code AS2AR, effective 11 September 2026. The move reflects a structured equity-based incentive arrangement that may in...
Askari Metals Seeks ASX Quotation for 22.5 Million New Shares
Askari Metals Limited has lodged a new Appendix 2A application with the ASX for quotation of additional ordinary fully paid shares. The filing covers the admission to trading of 22,523,067 new AS2 securities issued on September 11, 2026.The move form...
Askari Metals Plans Multi-Class Securities Placement on ASX
Askari Metals Limited has announced a proposed issue of securities comprising up to 45 million instruments through a placement. The issuance includes 15 million new ordinary fully paid shares, 15 million unquoted options, and 15 million listed option...
Askari Metals Updates ASX Filing to Amend Option Security Codes
Askari Metals Limited has lodged an updated Appendix 3B with the ASX, outlining a proposed issue of securities via a placement or similar capital-raising mechanism. The filing reflects the company’s ongoing use of equity markets to support its...
Askari Metals Plans New Share and Options Placement
Askari Metals Limited has lodged an Appendix 3B with the ASX outlining a proposed placement and related securities issue. The company plans to issue up to 15 million ordinary fully paid shares alongside 30 million options with differing strike prices...
Askari Metals Converts Director Loan and Issues Shares to Bolster Equity Base
Askari Metals Limited has issued 39,588,525 fully paid ordinary shares, primarily through the conversion of a director loan and the issuance of shares in lieu of director fees at an issue price of $0.008 per share. The transaction strengthens the com...
Askari Metals Seeks ASX Quotation for 39.6 Million New Shares
Askari Metals Limited has applied to the ASX for quotation of 39,588,525 ordinary fully paid shares under its existing issuer code AS2. The new securities, issued on 7 September 2026, formalise the listing of previously announced share transactions a...
Askari Metals to Lift Escrow on 25 Million Shares in 2026
Askari Metals has disclosed that 24,999,999 fully paid ordinary shares, issued as part of the consideration for its acquisition of the Adola Greenstone Belt Gold project, will be released from voluntary escrow on 3 September 2026. Once released, thes...
Askari Metals Accelerates Exploration at Uis Critical Metals Project in Namibia
Askari Metals is intensifying exploration at its Uis Critical Metals Project in Namibia, a polymetallic pegmatite district offering exposure to tin, tantalum, lithium, rubidium and caesium. The company continues to pursue a data-driven program across...
Askari Metals Shareholders Back Capital-Raising Resolutions at General Meeting
Askari Metals Limited reported the outcomes of its 12 August 2026 general meeting, where shareholders voted on a series of capital-raising and securities-related resolutions. The chair cast all open proxy votes in favour of the 18 resolutions, and al...
Askari Metals appoints new CFO as it advances African gold and critical minerals projects
Askari Metals Limited, an African-focused mineral exploration company, is advancing a portfolio of gold and critical minerals projects in Ethiopia and Namibia. Its flagship Nejo gold and copper project on the Arabian-Nubian Shield and its 100%-owned...
Askari Metals Positions African Projects for Active Exploration Phase
Askari Metals used the June quarter to advance technical, logistical and stakeholder work programs across its flagship Nejo Gold-Copper Project in Ethiopia and its Uis critical metals project in Namibia. The company’s work reinforces its focus...
Askari Metals Adjourns Meeting to Finalise Rebrand to Highland Metals
Askari Metals has moved to refine its corporate identity while advancing its African exploration portfolio, which spans gold and critical minerals projects in Ethiopia and Namibia. The Nejo Project surrounds the Tulu Kapi Gold Mine and lies along str...
Askari Metals Tightens Governance After ASX Listing Rule Breach
Askari Metals Limited has disclosed that it inadvertently issued securities on 16 December to a related party captured by ASX Listing Rule 10.11 without prior shareholder approval, prompting regulatory scrutiny. The ASX directed the company to appoin...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 02, 2026