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Surefire Resources NL
(Sydney:SRN)
Surefire Resources NL (SRN) vs. iShares MSCI Australia ETF (EWA)
Surefire Resources NL Business Overview & Revenue Model
Surefire Resources NL Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 653.47K | 147.24K | 694.00 | 267.00 | 0.00 |
| Gross Profit | 653.47K | 110.71K | -34.40K | -6.88K | 0.00 |
| EBITDA | -3.06M | -3.54M | -2.43M | -2.72M | 0.00 |
| Net Income | -3.07M | -3.58M | -2.46M | -3.24M | -1.11M |
Balance Sheet | |||||
| Total Assets | 14.48M | 5.54M | 5.26M | 3.61M | 270.16K |
| Cash, Cash Equivalents and Short-Term Investments | 1.49M | 1.49M | 5.07M | 3.36M | 193.99K |
| Total Debt | 115.76K | 184.30K | 43.39K | 112.89K | 60.00K |
| Total Liabilities | 12.33M | 4.01M | 574.70K | 701.62K | 835.91K |
| Stockholders Equity | 2.15M | 1.53M | 4.69M | 2.91M | -565.75K |
Cash Flow | |||||
| Free Cash Flow | -3.12M | -3.55M | -2.34M | -2.39M | -941.41K |
| Operating Cash Flow | -1.68M | -1.56M | -1.07M | -984.67K | -592.64K |
| Investing Cash Flow | -1.52M | -2.45M | -1.30M | -1.47M | -353.44K |
| Financing Cash Flow | 3.19M | 420.73K | 4.09M | 5.62M | 1.00M |
Surefire Resources NL Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | 13.09M | -2.22 | 0.00% | ― | 0.00% | -563.16% | |
45 Neutral | $6.46M | ― | -31.16% | ― | ― | 70.59% | |
42 Neutral | 9.70M | ― | 0.00% | ― | 0.00% | -66.67% | |
40 Underperform | 9.65M | -2.55 | 0.00% | ― | 0.00% | -32.39% | |
38 Underperform | 16.21M | -4.97 | 0.00% | ― | 0.00% | 79.78% | |
37 Underperform | 5.88M | -0.22 | 0.00% | ― | 0.00% | -417.70% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Surefire Resources NL Corporate Events
Surefire Resources NL has reported significant progress on its Yidby Gold Project, located in a highly mineralized greenstone belt. The project is surrounded by multi-million-ounce gold deposits, and recent developments suggest potential for a larger gold system at depth. The gold zone at Yidby extends over 900 meters and remains open for further exploration, indicating a promising future for the company’s operations and its positioning in the gold mining sector.
Surefire Resources NL has responded to inquiries from the ASX regarding compliance with trading policies and potential breaches by its executive chairman, Mr. Nikolaenko. The company has reiterated its commitment to adhering to ASX Listing Rules and has taken steps to ensure directors are aware of securities trading policies. It plans to review its short-term trading provisions to align with ASX guidance, ensuring compliance with fixed closed periods and other regulatory requirements.
Surefire Resources NL has completed its Reverse Circulation drilling program at the Yidby Gold Project, which aimed to test and expand the main gold zones and explore new geochemical zones. The program, which included 31 drill holes covering 3972 meters, is part of a larger effort to assess the project’s potential, with initial assay results expected soon. This development positions Surefire strategically within a gold-rich region, potentially enhancing its market standing and offering promising implications for stakeholders.
Surefire Resources NL has announced a significant change in the interests of its director, Vladimir Nikolaenko. The director has acquired a substantial number of shares and options through a non-renounceable rights issue, increasing his holdings significantly. This move indicates a strong commitment to the company and may positively impact stakeholders’ perception of the company’s stability and growth potential.
Surefire Resources NL has provided an update on its Yidby Gold Project, clarifying the presence of sulphides in its drilling program, with estimates indicating 2-4% composition of pyrite, arsenopyrite, and chalcopyrite. The company has submitted 749 samples for laboratory assay, with results pending. The drilling program has progressed without delays, and the company is optimistic about the potential of the Yidby Gold Project, which is located in a promising greenstone belt near Capricorn Metals’ significant gold deposits.
Surefire Resources NL has announced the results of its non-renounceable rights issue, receiving applications for 593,731,315 new shares from shareholders. Each new share entitles holders to additional bonus shares and options, with a remaining shortfall of approximately $2.7 million. The company has engaged Sanlam Private Wealth Pty Ltd to manage the placement of this shortfall, potentially impacting its capital structure and market position.
Surefire Resources NL has released a holdings range report as of July 10, 2025, detailing the distribution of its options class SRNNRR25OP, priced at $0.004 and expiring in two years. The report highlights that the majority of the issued share capital, 99.62%, is held by 133 holders, with the top holder, Mutual Holdings Pty Ltd, possessing 43.34% of the options. This concentration of holdings suggests a significant influence of a few stakeholders on the company’s strategic decisions, potentially impacting its market dynamics and investor relations.
Surefire Resources NL has announced the quotation of new securities on the Australian Securities Exchange (ASX), including 742,163,860 ordinary fully paid shares and 593,731,046 options expiring in July 2027. This move is part of a previously announced transaction and is expected to enhance the company’s financial flexibility and market positioning, potentially impacting stakeholders by increasing the liquidity and attractiveness of its shares.
Surefire Resources NL has announced the results of its non-renounceable rights issue, receiving applications for 593,731,315 new shares from shareholders. Each new share entitles holders to bonus shares and options, with the shortfall amounting to approximately $2.7 million. The company has engaged Sanlam Private Wealth Pty Ltd to manage the placement of the shortfall, potentially impacting the company’s capital structure and market position.
Surefire Resources NL has completed 27 drill holes totaling approximately 3651 meters at its Yidby Gold Project, with a focus on the Yidby prospect where new zones of sulphide mineralization have been identified. The company has submitted 564 samples for assay and plans to move its drilling operations to the Money Anomaly. The Yidby Gold Project, located in a region with substantial gold deposits, shows potential for a larger gold system at depth, which could enhance Surefire’s industry positioning and attract stakeholder interest.
Surefire Resources NL has announced the progress of its moving-loop ground electromagnetic survey at the Copper Hill Project in Western Australia. The survey, designed by Southern Geoscience Consultants, aims to identify conductive anomalies linked to copper sulphide mineralisation for future drilling. The project is situated near the company’s Yidby Gold Project, and initial soil sampling has shown promising copper and zinc anomalies. The survey’s results could significantly impact Surefire’s exploration strategy and potentially enhance its positioning in the mineral exploration sector.
Surefire Resources NL has reported progress in its Reverse Circulation drilling program at the Yidby Gold Project, completing 15 drill holes totaling 1,909 meters. The company has identified new zones of sulphide mineralization, particularly a significant 65-meter intersection of continuous visible sulphides in one of the drill holes. This progress is seen as encouraging, with samples submitted for assay to determine the potential economic value of the mineralization.
Surefire Resources NL has announced a late lodgement of an Appendix 3Y, which is a Change of Director’s Interest Notice, concerning its Executive Chairman, Vladimir Nikolaenko. The delay was due to an oversight where interests in two related companies were not included in previous reports. The company has since taken steps to ensure compliance with ASX Listing Rules and has reconciled Mr. Nikolaenko’s holdings.
Surefire Resources NL has commenced a moving-loop ground electromagnetic survey at its Copper Hill Project in Western Australia to identify massive or disseminated copper sulphides. This survey aims to delineate and prioritize conductive anomalies for future drilling, potentially uncovering a significant copper-bearing system, which could enhance the company’s exploration strategy and market positioning.
Surefire Resources NL has commenced a 5,500-meter Reverse Circulation (RC) drilling program at its Yidby Gold Project. This initiative aims to expand the resource footprint by targeting extensions of known gold mineralization and testing high-priority targets at the Fender and Marshall prospects. The drilling program also includes testing a new geochemical gold anomaly at the Money target. The results of this drilling will support a scoping study for potential mining and gold recovery, which could enhance the economic value of the project for shareholders.
Surefire Resources NL has announced an update to a previous announcement regarding a proposed issue of securities. The update involves an amended prospectus and supplementary prospectus closing date. This development is part of the company’s strategy to manage its securities offerings and ensure compliance with ASX listing rules, potentially impacting its financial operations and stakeholder interests.
Surefire Resources NL has announced an extension to the closing date for its Entitlement Offer, originally set under its Prospectus and Supplementary Prospectus. The new deadline is now 5:00pm AWST on 4 July 2025, allowing shareholders additional time to assess and participate in the offer. This extension aims to provide shareholders with adequate time to evaluate the opportunity, potentially impacting the company’s capital raising efforts and market positioning.
Surefire Resources NL has announced a non-renounceable entitlement issue, offering eligible shareholders up to approximately 1.94 billion new shares at a price of $0.002 per share. This offer includes bonus shares and options, and is available to shareholders in Australia and New Zealand, while those outside these regions are deemed ineligible due to regulatory and cost considerations.
Surefire Resources NL has announced the dispatch of its prospectus and supplementary prospectus for a non-renounceable rights issue. This offer allows eligible shareholders to purchase additional shares at a discounted price, potentially raising up to approximately A$3.88 million. The initiative includes bonus shares and options, providing an opportunity for shareholders to increase their investment in the company. The offer is part of Surefire’s strategy to strengthen its financial position and support its ongoing projects, with implications for enhancing shareholder value and market competitiveness.
Surefire Resources NL is conducting a non-renounceable rights issue to raise approximately A$3,875,261 by offering two fully paid ordinary shares for every three shares held by eligible shareholders, along with bonus shares and options. The funds raised will be used to develop the Yidby Gold and Copper Hill Projects, continue exploration of other West Australian projects, and maintain working capital, with potential allocation for acquiring new projects.
Surefire Resources NL has issued a clarification regarding its recent non-renounceable rights issue announcement. The company corrected the number of ‘New Options’ to be issued under the entitlement offer, reducing it from approximately 2.42 billion to approximately 1.94 billion options, impacting the company’s capital structure and shareholder entitlements.
Surefire Resources NL has issued a supplementary prospectus to amend its original prospectus dated May 26, 2025. The amendments involve an increase in the number of options that may be issued under the Offer, from 1,211,018,912 to 1,937,630,260, and a consequential increase in the Total Options from 1,592,091,819 to 2,318,703,167. Additionally, selected details in the Expenses of the Offer have been amended. These changes are significant as they impact the company’s capital structure and could influence investor decisions.
Surefire Resources NL has announced a target market determination for options to be issued in connection with their prospectus dated May 26, 2025. The options, which have an exercise price of $0.004 and an expiry date of July 1, 2027, are part of the Entitlement Offer, Shortfall Offer, and Lead Manager Options Offer. These offers aim to attract current shareholders and new institutional investors, providing them with opportunities to gain exposure to the company’s equities and potentially profit from market price appreciations.
Surefire Resources NL has announced a proposed issue of securities, specifically options to acquire fully paid ordinary shares, with a maximum of 232,515,631 securities to be issued. This move, scheduled for July 1, 2025, is aimed at raising capital through a placement or other type of issue, potentially impacting the company’s financial position and market activities.
Surefire Resources NL announced a proposed issue of securities, with plans to issue up to 2,422,037,825 options to acquire fully paid ordinary shares. This non-renounceable pro rata issue is set to enhance the company’s capital structure and potentially strengthen its market position by providing additional financial resources for its operations.
Surefire Resources NL has announced a non-renounceable rights issue to raise capital for the advancement of its Yidby Gold Project and other significant projects. The funds will be used for further exploration, resource definition, and working capital, aiming to expand the resource base and unlock significant value. The Yidby Gold Project has shown promising results with significant gold mineralization and favorable metallurgical characteristics, positioning it well for future development. Additionally, Surefire is seeking overseas partnerships to accelerate the development of the Victory Bore Project, ensuring a sustainable future for this critical mineral asset.
Surefire Resources NL has announced a non-renounceable rights issue to raise approximately A$3.87 million to fund its gold and copper exploration projects. The capital raising involves a pro-rata entitlement offer to eligible shareholders, with the opportunity to apply for additional shares through a top-up facility. The initiative aims to enhance the company’s exploration capabilities, although shareholders who do not participate will experience dilution of their equity interest.
Surefire Resources NL has announced a non-renounceable pro-rata entitlement offer to raise approximately $3,875,261. This offer allows shareholders to subscribe for new shares and receive bonus shares and options, which are speculative in nature. The company advises potential investors to consider their personal financial circumstances and seek professional advice before participating.
Surefire Resources NL has issued over 70 million shares to Jade Gas Holdings Limited as part of an agreement related to the Victory Bore Vanadium Project. This follows a successful pre-feasibility study indicating a 42.22% internal rate of return, surpassing the required 20%, and triggering a payment milestone. The issuance of shares reflects the company’s strategic move to fulfill its financial commitments and strengthen its project development, potentially enhancing its market position and stakeholder value.
Surefire Resources NL has announced the issuance of 70,137,577 ordinary fully paid shares, following an agreement from August 2018 that was contingent upon certain milestones being met. This development marks a significant step in the company’s operational strategy, potentially enhancing its market position and providing opportunities for growth and increased shareholder value.