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Star Minerals Ltd.
(Sydney:SMS)
Star Minerals Ltd. (SMS) vs. iShares MSCI Australia ETF (EWA)
Star Minerals Ltd. Business Overview & Revenue Model
Star Minerals Ltd. Financial Statement Overview
| Breakdown | ||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 3.76K | 0.00 | 202.34K | 0.00 | 0.00 | Gross Profit |
| 3.76K | 0.00 | 202.34K | 0.00 | 0.00 | EBIT |
| -1.24M | -853.08K | -1.17M | -795.98K | ― | EBITDA |
| -1.24M | -853.08K | -1.37M | -795.76K | ― | Net Income Common Stockholders |
| -1.25M | -857.63K | -1.17M | -795.98K | -45.33K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 435.16K | 435.16K | 784.03K | 2.97M | 240.39K | Total Assets |
| 6.59M | 6.59M | 6.41M | 7.80M | 241.26K | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 11.92K | Net Debt |
| -435.16K | -435.16K | -784.03K | -2.97M | -228.47K | Total Liabilities |
| 138.51K | 138.51K | 215.46K | 487.58K | 254.77K | Stockholders Equity |
| 6.46M | 6.46M | 6.19M | 7.32M | -13.51K |
| Cash Flow | Free Cash Flow | |||
| -1.43M | -1.18M | -2.19M | -1.79M | -24.38K | Operating Cash Flow |
| -1.24M | -1.11M | -1.82M | -678.13K | -24.38K | Investing Cash Flow |
| -195.23K | -67.31K | -371.21K | -1.11M | -3.00 | Financing Cash Flow |
| 1.02M | 827.74K | 0.00 | 4.53M | 745.56K |
Star Minerals Ltd. Technical Analysis
Star Minerals Ltd. Peers Comparison
Star Minerals Ltd. Corporate Events
Star Minerals Ltd. has announced a general meeting for shareholders scheduled for May 23, 2025. The company encourages shareholders to lodge proxy forms and submit questions in advance to facilitate a smooth meeting process. This meeting is significant for stakeholders as it provides an opportunity for engagement and decision-making on key company matters.
Star Minerals Ltd. has announced a General Meeting scheduled for May 23, 2025, in Perth, Western Australia. The meeting will address various corporate matters, and stakeholders are encouraged to review the Notice of General Meeting, Explanatory Statement, and Proxy Form for detailed information on voting and participation.
Star Minerals Limited has signed an MOU with MEGA Resources to advance its Tumblegum South Gold Project, initiating environmental and approvals programs and starting drill planning to explore high-grade lodes. The company has also appointed Ashley Jones as Managing Director and raised $750,000 from a $1.6 million placement, with strategic investment from MEGA Resources, enhancing its financial position for future project development.
Star Minerals Ltd. announced a change in the director’s interest notice, specifically regarding Ian George Stuart’s securities. The company reported the cancellation of 5,000,000 performance rights following the termination of a Namibian earn-in and exploration rights agreement. This change reflects a strategic shift in the company’s operations and may impact its future exploration activities and stakeholder interests.
Star Minerals Ltd. announced the cessation of 12,000,000 performance rights due to unmet conditions, which impacts the company’s issued capital. This development may influence the company’s operational strategies and stakeholder perceptions, as it reflects on the company’s ability to meet performance targets.
Star Minerals Limited has signed a Memorandum of Understanding (MOU) with MEGA Resources, a subsidiary of BGR Mining & Infra Limited, to advance the Tumblegum South Gold Project. This collaboration aims to facilitate the mining approvals process and explore profit-sharing or joint venture opportunities. The agreement is expected to mitigate shareholder dilution and capitalize on the current high gold prices, which have increased significantly since the project’s initial scoping study. The partnership with MEGA, which has a strong presence in Western Australia, positions Star Minerals favorably in the industry, potentially enhancing its operational capabilities and financial prospects.
Star Minerals Limited has appointed Ashley Jones as its new Managing Director, effective April 1, 2025. Jones, who has been a director at Star Minerals for four years, brings extensive experience in mining and exploration projects in Australia and Africa. His appointment comes as the company is progressing its Tumblegum South gold project towards production, with a focus on monetizing this asset and exploring further opportunities for growth. This strategic leadership change is expected to enhance the company’s operational capabilities and shareholder value.
Star Minerals Ltd. has announced the issuance of quoted securities without disclosure to investors, relying on Section 708A(5) of the Corporations Act 2001. The company has confirmed compliance with relevant provisions of the Act and stated that there is no excluded information required to be disclosed. This move is part of their strategic financial operations, potentially impacting investor relations and market perception.
Star Minerals Ltd. has announced the issuance of 30 million fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code SMS. This move is part of a previously announced transaction and is expected to enhance the company’s capital structure, potentially strengthening its market position and providing additional resources for future growth.
Star Minerals Limited has released its consolidated interim financial report for the half-year ending December 31, 2024. The report provides a comprehensive overview of the company’s financial performance, including statements of profit or loss, financial position, changes in equity, and cash flows. This release is crucial for stakeholders as it offers insights into the company’s financial health and operational efficiency, which can impact its market positioning and investor confidence.
Star Minerals Limited, listed on the Australian Securities Exchange (ASX) under the ticker SMS, has announced the lifting of its trading suspension following a capital raise. This development is significant for the company as it may enhance its financial position and potentially impact its market operations positively, offering renewed confidence to its stakeholders.
Star Minerals Ltd. has released an updated scoping study for its Tumblegum South Gold Project, indicating the potential viability of open pit mining and third-party toll treatment. The study outlines the need for further evaluation and funding, estimated between $1.7 million to $3.9 million, to achieve the projected outcomes. The company acknowledges the uncertainty in securing the necessary funding and the potential impact on shareholder value, highlighting the possibility of pursuing alternative strategies such as a sale or joint venture.
Star Minerals Limited has announced the termination of its Earn-In and Exploration Rights Agreement with Madison Metals Inc. The agreement, which involved the acquisition of an interest in the Cobra Uranium Project in Namibia, was terminated due to the inability to agree on revised terms for the first payment. This decision halts Star Minerals’ plans to expand its operations into the Namibian uranium sector, potentially impacting its strategic growth and market positioning.
Star Minerals Ltd. has announced a proposed issue of securities, including 10 million unlisted options and 64 million ordinary fully paid shares, set to be issued on March 17, 2025. This move is part of the company’s strategy to strengthen its financial position and support its operational growth, potentially impacting its industry standing and offering new opportunities for stakeholders.
Star Minerals Limited has successfully raised $1.6 million through a placement of 64 million new shares to fund the development of its Tumblegum South Gold Project. This funding will enable the company to conduct necessary activities such as infill and extension drilling, resource upgrades, and feasibility studies. The strategic investment from Bain Global Resources, associated with BGR Mining and Infra Limited, marks a significant partnership, enhancing Star Minerals’ position in the market and potentially boosting its project economics amid rising Australian gold prices.
Star Minerals Limited has requested a voluntary suspension of its securities from trading on the Australian Securities Exchange due to pending details on a proposed capital raise. This suspension is expected to last until March 17, 2025, or until the company releases an announcement regarding the capital raise, highlighting a strategic move to potentially bolster its financial position.
Star Minerals Limited has requested a trading halt on its securities pending an upcoming announcement. This halt will remain in effect until either the announcement is made or normal trading resumes on March 10, 2025. The trading halt indicates a significant forthcoming announcement that could impact the company’s market activities and stakeholder interests.
Star Minerals Limited, a company listed on the Australian Securities Exchange (ASX: SMS), has requested a trading halt on its securities pending an announcement related to a capital raising. This trading halt is expected to last until the announcement is made or until normal trading resumes on Monday, 10 March 2025. The capital raising is considered material to the company, indicating its potential significance for the company’s financial strategy and market positioning.
Star Minerals Limited has announced progress in environmental approvals for its Tumblegum South Gold Project, driven by the rising gold prices, currently exceeding A$4,500/oz. This development is expected to enhance the project’s viability and potential profitability, with plans for mining and processing solutions underway. Additionally, the company is advancing its dual strategy by engaging in both monetization of the gold project and exploration rights for the Cobra Uranium Project in Namibia, aiming to capitalize on the rising market value of its assets.