Codrus Minerals（CDR）株式概要コドラス・ミネラルズ社は、鉱物資源の探査に従事している。 詳細CDR ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績0/6財務の健全性4/6配当金0/6報酬過去5年間の収益は年間18.7%増加しました。 リスク分析意味のある時価総額がありません ( A$5M )キャッシュランウェイが1年未満である 収益が 100 万ドル未満 ( A$0 )過去1年間で株主の希薄化が進んだ +1 さらなるリスクすべてのリスクチェックを見るCDR Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueAU$Current PriceAU$0.026該当なし内在価値ディスカウントEst. Revenue$PastFuture-8m31k2016201920222025202620282031Revenue AU$0.04Earnings AU$0.005AdvancedSet Fair ValueView all narrativesFeatured narrative•Materials opportunityUpside Gold2 months ago author updated this narrativeSTFair Value from stuart_robertsCA$5.0768.4% 割安 内在価値ディスカウントAn Undervalued 3.3Moz Gold Project in CanadaKey takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.Read full narrative14.5kusers have viewed this narrative40users have liked this narrative1users have commented on this narrative280users have followed this narrativeRead narrativeCodrus Minerals Limited 競合他社Resource BaseSymbol: ASX:RBXMarket cap: AU$4.7mDragon Mountain GoldSymbol: ASX:DMGMarket cap: AU$3.2mBulletin ResourcesSymbol: ASX:BNRMarket cap: AU$11.7mNelson ResourcesSymbol: ASX:NESMarket cap: AU$11.0m価格と性能株価の高値、安値、推移の概要Codrus Minerals過去の株価現在の株価AU$0.02652週高値AU$0.0552週安値AU$0.015ベータ1.621ヶ月の変化8.33%3ヶ月変化-3.70%1年変化-18.75%3年間の変化-80.74%5年間の変化n/aIPOからの変化-87.00%最新ニュースNew Risk • Mar 08New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.1m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m (AU$104k revenue, or US$73k). Market cap is less than US$10m (AU$5.79m market cap, or US$4.07m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding).お知らせ • Jan 12+ 1 more updateCodrus Minerals Limited Announces Change of Company Secretary, Effective 12 January 2026Codrus Minerals Limited advised that Maddison Cramer has been appointed Company Secretary following the resignation of Jamie Byrde as Company Secretary, effective 12 January 2026. Maddison Cramer is a co-founder and managing director of boutique corporate services business Belltree Corporate and has over 10 years' experience as a corporate lawyer and company secretary to ASX-listed companies. She is currently a company secretary of a number of ASX-listed mining and resources companies. Ms Cramer is a former company secretary of Bellevue Gold Limited and prior to this was an associate at Bellanhouse Legal and HWL Ebsworth Lawyers. Mr. Byrde remains a Non-Executive Director of the Company.Board Change • Jan 05Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive & Independent Director Keith Coughlan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Nov 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive & Independent Director Keith Coughlan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Oct 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.00m market cap, or US$3.94m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding).お知らせ • Sep 27Codrus Minerals Limited, Annual General Meeting, Nov 20, 2025Codrus Minerals Limited, Annual General Meeting, Nov 20, 2025.最新情報をもっと見るRecent updatesNew Risk • Mar 08New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.1m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m (AU$104k revenue, or US$73k). Market cap is less than US$10m (AU$5.79m market cap, or US$4.07m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding).お知らせ • Jan 12+ 1 more updateCodrus Minerals Limited Announces Change of Company Secretary, Effective 12 January 2026Codrus Minerals Limited advised that Maddison Cramer has been appointed Company Secretary following the resignation of Jamie Byrde as Company Secretary, effective 12 January 2026. Maddison Cramer is a co-founder and managing director of boutique corporate services business Belltree Corporate and has over 10 years' experience as a corporate lawyer and company secretary to ASX-listed companies. She is currently a company secretary of a number of ASX-listed mining and resources companies. Ms Cramer is a former company secretary of Bellevue Gold Limited and prior to this was an associate at Bellanhouse Legal and HWL Ebsworth Lawyers. Mr. Byrde remains a Non-Executive Director of the Company.Board Change • Jan 05Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive & Independent Director Keith Coughlan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Nov 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive & Independent Director Keith Coughlan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.New Risk • Oct 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.00m market cap, or US$3.94m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding).お知らせ • Sep 27Codrus Minerals Limited, Annual General Meeting, Nov 20, 2025Codrus Minerals Limited, Annual General Meeting, Nov 20, 2025.お知らせ • May 20Codrus Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.240406 million.Codrus Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.240406 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 41,346,875 Price\Range: AUD 0.03 Discount Per Security: AUD 0.0018 Transaction Features: Subsequent Direct ListingReported Earnings • Mar 18First half 2025 earnings released: AU$0.005 loss per share (vs AU$0.014 loss in 1H 2024)First half 2025 results: AU$0.005 loss per share (improved from AU$0.014 loss in 1H 2024). Net loss: AU$758.8k (loss narrowed 29% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings.New Risk • Mar 13New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.6m free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Revenue is less than US$1m (AU$6.7k revenue, or US$4.2k). Market cap is less than US$10m (AU$3.64m market cap, or US$2.30m).お知らせ • Oct 04Codrus Minerals Limited, Annual General Meeting, Nov 21, 2024Codrus Minerals Limited, Annual General Meeting, Nov 21, 2024.New Risk • Sep 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.8m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 8.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (118% increase in shares outstanding). Revenue is less than US$1m (AU$367k revenue, or US$252k). Market cap is less than US$10m (AU$3.80m market cap, or US$2.60m).お知らせ • Jul 25Codrus Minerals Limited Announces Board ChangesCodrus Minerals Limited advised that Greg Bandy, current Non-Executive Chairman, has been appointed Executive Chairman from 22 July 2024. Shannan will continue to assist the Company over the coming weeks during the transition period. In addition, the Board advised the appointment of Keith Coughlan as Non-Executive Director effective 22 July 2024. Keith is currently the Executive Chairman of European Metals and previous Non-Executive Chairman of Talga Resources Limited. Keith has over 30 years' experience in stockbroking and funds management and has been integrally involved in the funding and promoting of resource companies listed on the ASX, AIM and TSX.New Risk • Jun 01New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 119% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (119% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.60m market cap, or US$5.72m).お知らせ • May 30Codrus Minerals Limited Approves Election of Greg Bandy as DirectorCodrus Minerals Limited announced at the AGM held on May 28, 2024, approved election of Greg Bandy as director.お知らせ • Apr 28Codrus Minerals Limited, Annual General Meeting, May 28, 2024Codrus Minerals Limited, Annual General Meeting, May 28, 2024, at 10:00 W. Australia Standard Time. Location: Level 2, 16 Altona Street West Perth Western Australia Australia Agenda: To consider Issue of Shares Acquisition Consideration; to consider Ratification of a prior issue - Tranche 1 of Placement - Listing Rule 7.1; to consider Ratification of a prior issue - Tranche 1 of Placement - Listing Rule 7.1A; to consider Issue of Shares Tranche 2 of the Placement; to consider Election of Director Greg Bandy; to consider Subscription for Shares by a Related Party - Andrew Radonjic; to consider Subscription for Shares by a Related Party Shannan Bamforth; and to consider Subscription for Shares by a Related Party - Jamie Byrde.お知らせ • Apr 17An unknown buyer acquired a 28.98% stake in Codrus Minerals Limited (ASX:CDR) from Blackstone Minerals Limited (ASX:BSX) for AUD 0.8 millionAn unknown buyer acquired a 28.98% stake in Codrus Minerals Limited (ASX:CDR) from Blackstone Minerals Limited (ASX:BSX) for AUD 0.8 million on April 15, 2024. Blackstone Minerals sold 25 million shares at AUD 0.035 each. An unknown buyer completed the acquisition of a 28.98% stake in Codrus Minerals Limited (ASX:CDR) from Blackstone Minerals Limited (ASX:BSX) on April 15, 2024.お知らせ • Apr 05Codrus Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.055 million.Codrus Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.055 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 20,096,875 Price\Range: AUD 0.035 Discount Per Security: AUD 0.0021 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 8,474,554 Price\Range: AUD 0.035 Discount Per Security: AUD 0.0021 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,571,428 Price\Range: AUD 0.035 Discount Per Security: AUD 0.0021 Transaction Features: Subsequent Direct ListingNew Risk • Mar 14New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$4.07m market cap, or US$2.69m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding).お知らせ • Nov 17Codrus Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.9518 million.Codrus Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.9518 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 437,500 Price\Range: AUD 0.08 Discount Per Security: AUD 0.0048 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 11,460,000 Price\Range: AUD 0.08 Discount Per Security: AUD 0.0048 Transaction Features: Subsequent Direct Listingお知らせ • Oct 02Codrus Minerals Limited, Annual General Meeting, Nov 13, 2023Codrus Minerals Limited, Annual General Meeting, Nov 13, 2023. Agenda: To consider the re-election and appointment of directors.New Risk • Sep 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$5.85m market cap, or US$3.76m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).New Risk • Sep 07New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m (AU$31k revenue, or US$20k). Market cap is less than US$10m (AU$6.14m market cap, or US$3.92m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change).お知らせ • Dec 11Codrus Confirms High Grades At Niobium-Rich Ree ProjectCodrus Minerals advised that it has confirmed exceptionally high grades from grab samples at the Karloning REE-Niobium Project in WA, where it recently secured an exciting growth and diversification opportunity in the rare earths sector. Last month, Codrus entered into a farm-in and joint venture agreement with Talgomine Minerals Pty Ltd. (Talgomine) to earn up to a 90% interest in the Karloning Project, which is located in Western Australia's Wheatbelt. The Project, which is located 30km north of the regional town of Mukinbudin and 260km north-east of Perth, provides Codrus with an opportunity to explore for the high-value REE's used in the manufacture of high-strength permanent magnets - namely praseodymium, neodymium, terbium and dysprosium. These elements are in high demand because of the explosive growth in industries that rely on permanent rare earth magnets such as electric vehicles, wind turbines and other renewable energy applications. While these permanent magnet REE's are the key high-grade values returned in the grab samples, significant grades of other rare earths, tantalum and niobium were also observed. The Karloning Project can be easily accessed by sealed roads via the town of Mukinbudin. The geology within the tenements (E70/5339 and E70/6306 (pending)) comprises mainly medium to coarse grained biotite granite and adamellite with a large quartz-microcline pegmatite, known as the Karloning Pegmatite. Tertiary lateritic duricrusts skirt the granite outcrops and are eroded by the Quaternary paleo drainages forming broad sheetwash areas consisting of sands, clays and silts. Mapping by the Geological Survey of Western Australia (1:250,000 Perth map sheet) shows a strike extent of ~1.5km for the Karloning Pegmatite, and Codrus believes there is a potential significant extension to the pegmatite beneath cover and for multiple pegmatite horizons to be discovered on the project. A quarry has been operated at the site historically (E70/5339), focused on the production of feldspar and quartz for industrial purposes. The pegmatite has had minor historic soil sampling completed to the north and west of the quarry which identified anomalous (+250ppm) total rare earths and Yttrium (TREY). The quarry area was subject to shallow (maximum depth 21.3m) vertical rotary air blast drilling (RAB) in the 1970's that only assessed the presence of the quarry target minerals quartz and feldspar, with no analysis for REE's. Due to the shallow and very restricted nature of the drilling, the geometry of the Karloning Pegmatite remains poorly constrained.お知らせ • Nov 23Codrus Minerals Limited Secures Large Scale Niobium Rich REE Project in WACodrus Minerals advised that it has secured an exciting growth and diversification opportunity in the rare earths sector after entering into a farm-in and joint venture agreement with Talgomine Minerals Pty Ltd. (Talgomine) to earn up to a 90% interest in the Karloning Rare Earth Element (REE) Project, located in Western Australia's Wheatbelt. The Project, which is located 30km north of the regional town of Mukinbudin and 260km north-east of Perth provides Codrus with an opportunity to explore for the high-value rare earth elements (REE) used in the manufacture of high-strength permanent magnets - namely praseodymium, neodymium, terbium and dysprosium. These elements are in high demand because of the explosive growth in industries that rely on permanent rare earth magnets such as Electric Vehicles, wind turbines and other renewable energy applications. While these permanent magnet REE's are the key high-grade values returned in the grab samples, significant grades of other rare earths, tantalum and niobium were also observed. The Karloning Project can be easily accessed by sealed roads via the town of Mukinbudin. The geology within the tenements (E70/5339 and E70/6306 (pending)) comprises mainly medium to coarse grained biotite granite and adamellite with a large quartz-microcline pegmatite, known as the Karloning Pegmatite. Tertiary lateritic duricrusts skirt the granite outcrops and are eroded by the Quaternary paleo drainages forming broad sheetwash areas consisting of sands, clays, and silts. Mapping by the Geological Survey of Western Australia (1:250,000 Perth map sheet) shows a strike extent of ~1.5km for the Karloning Pegmatite, and Codrus believes there is a potential significant extension to the pegmatite beneath cover and for multiple pegmatite horizons to be discovered on the project.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD & Executive Director Shannan Bamforth was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Sep 30Codrus Minerals Limited, Annual General Meeting, Nov 14, 2022Codrus Minerals Limited, Annual General Meeting, Nov 14, 2022.お知らせ • Jul 29Codrus Minerals Reports Multiple Gold Zones Discovered At Middle Creek Project, WaCodrus Minerals to report very encouraging assay results from a recently completed trenching program at its 100%-owned Middle Creek Gold Project, located near Nullagine in the Pilbara district of Western Australia. The initial work program saw the excavation of 11 trenches to allow detailed mapping and sampling in areas where multiple gold anomalies were identified from previous soil and rock chip sampling. Codrus reported the results of this program, which support the Company's view that this project has strong potential to host significant gold mineralisation. The Middle Creek Project is located 10km east of Nullagine in the Pilbara mining district of Western Australia (see Figure 1). The area is currently undergoing a significant expansion of gold exploration and mining activity. Novo Resources Corp. owns the nearby Beaton's Creek Gold Project, where they have been mining and processing ore at the Golden Eagle Plant, which is located approximately 15km to the south- west of Codrus' existing granted Middle Creek tenements. To the north of Middle Creek, Calidus Resources (ASX: CAI) is completing a Definitive Feasibility Study (DFS) on the high-grade Blue Spec Gold Project (containing Mineral Resources of 415,000t at 16.35g/t for 219,000oz of gold1), which is located approximately 7km to the north-east (see Figure 2). This DFS study is investigating the opportunity to process ore mined from Blue Spec at Calidus' Warrawoona Plant. A project-wide review of the soil geochemical survey data identified several linear clusters of gold-in-soil anomalism, as defined by the >50ppb (0.05ppm or g/t Au) gold-in-soil contour line (e.g., at the Major 1, Major 2, Rangi, Dolores, Horse, Boris and Spud areas-of-interest) (see Figure 3). A total of 11 trenches have been excavated to date, with detailed mapping, continuous rock chip sampling and laboratory analysis completed on nine of the trenches (MCTR001 - MCTR009); the remaining two trenches (MCTR010 at Spud and MCTR011 at Boris) are scheduled to be completed in the coming quarter. The results of the trenching have confirmed the presence of significant widths of gold mineralisation, enhancing the Company's understanding of the mineralising hydrothermal system in general and on the controls of the gold mineralisation over the lease area. Trenches MCTR005 and MCTR006 were excavated at the Major 2 prospect. The trenches, which were 39m and 41m long respectively, returned impressive gold anomalism. MCTR005 returned 11m at 0.49g/t Au from 4m along the trench and MCTR006 25m at 0.8g/t Au from 8m including 9m at 1.86g/t Au from 24m. MCTR005 was dominated by Mosquito Creek formation sediments with variably altered (quartz-sericite to chlorite-smectite) interbedded sandstone and mudstone (+/- shearing) cut by numerous vein sets consisting of oxidized buck quartz and sheeted narrow quartz-sulfide veins. MCTR006 showed heavily veined interbedded sandstone and mudstone (with phyllite to the west), with better mineralisation associated with a shear zone with ferruginous re-fractured quartz fault and quartz sulphide veins.お知らせ • Jul 21Codrus Minerals Limited Announces That Assay Results Received from Phase 2 Reverse Circulation Drilling Program At 100%-Owned Red Gate Gold Project in Western Australia Confirmed the Potential for Gold Mineralised System of Significant ScaleCodrus Minerals Limited announced that assay results received from the Phase 2 Reverse Circulation drilling program at its 100%-owned Red Gate Gold Project in Western Australia have confirmed the potential for a gold mineralised system of significant scale. The Red Gate Project is located 140km north of Kalgoorlie in WA's Edjudina mining district, which hosts numerous operating mines. The Project is located immediately along strike from Northern Star Resources' Porphyry Mining Centre. The recent phase of wide-spaced drilling was designed to further unlock the geological potential of the Red Gate Project and reflects the Company's commitment to define the overall scale and potential of the mineralised system that has been identified to date. Codrus is very encouraged by the results received as they continue to highlight the potential for a mineralising system of significant scale. The Project continues to deliver both wide, higher-grade, and lower-grade zones of mineralisation, with mineralisation widely distributed over a strike length of 800m across two key structural lineaments at the Porphyry West and Porphyry North prospects. RED GATE GOLD PROJECT; The Red Gate Gold Project (100% interest) is located approximately 140km north of Kalgoorlie and comprises one granted Exploration Licence covering a total area of 85.8km2 . The 2,350m Phase 2 RC drilling program was designed to target the Porphyry West and Porphyry North anticlines, following up the maiden drill program completed last year and reported in First Quarter 2022. The program was focused on establishing geological context around the significant intercepts including a wide zone of high-grade mineralisation that was encountered at Porphyry West in RGRC002, which returned an intercept of 23m at 3.82g/t Au from 14m down-hole including 5m at 14.29g/t Au from 27m down-hole. A total of seven RC holes were drilled targeting the Porphyry West Anticline, with the aim of delineating the interpreted control on the mineralisation, being the NNW striking fold axis at the contact of the granite and, mafic and intermediate volcanics. The holes were drilled to test the strike continuity of the mineralisation, resulting in a significant change to the previous interpretation of the northerly plunge control on the fold. Hole RGRC029 - which was drilled down-plunge of, and approximately 30m north of RGRC002, PNRC006; and PNRC007 - returned an intercept of 10m at 1.19g/t from 52m down-hole in RGRC029, including 1m at 5.51g/t from 58m, and a further 10m at 1.4g/t from 66m (see Figure 3). The hole also identified additional complexity in the geometry of the folding. RGRC030 drilled approximately a further 110m to the north of RGRC029 demonstrated that the plunge of the fold axis steepened significantly whilst still intersecting 2m at 2.01g/t from 133m and 4m at 1.08g/t from 149m. An additional 11 drill holes were targeted along the Porphyry North Anticline target zone over a strike length of over 900m. The aim was to determine the extent of the anticline and investigat areas for potential extensions of known mineralisation. Better results from the drilling in this area included the drilling to the north of the historic drilling that intersected 14m at 1.06g/t from 18m in RGRC035 including 2m at 3.97g/t from 18m, and 1m at 9.24g/from 37m. This hole showed that drilling closer to the fold hinges results in elevated grade and confirmed the targeting rationale in the program, expanding the interpreted search space. Additional results confirm that mineralisation on the fold axis is present over significant strike extents, with assay results including: 1m @ 2.83g/t from 41m down-hole in RGRC039; 4m @ 2.55g/t from 110m down-hole in RGRC040; 1m @ 3.06g/t from 47m down-hole in RGRC033; 3m @ 3.26g/t from 64m down-hole in RGRC033 including: 1m @ 8.21g/t from 66m; 8m @ 1.11g/t from 12m down-hole in RGRC034; 1m @ 2.74g/t from 70m down-hole in RGRC043.お知らせ • May 18Codrus Minerals Advises A Major New Phase of Reverse Circulation Drilling Has Commenced At Its Highly-Prospective 100%-Owned Red Gate Gold Project in Western AustraliaCodrus Minerals advised that a major new phase of Reverse Circulation (RC) drilling has commenced at its highly-prospective 100%-owned Red Gate Gold Project in Western Australia. The Red Gate Project is located 140km north of Kalgoorlie in WA's Edjudina mining district, which hosts numerous operating mines. The Project is located immediately along strike from Northern Star Resources' Porphyry Mining Centre. The new phase of drilling is designed to further unlock the geological potential of the Red Gate Project and reflects the Company's commitment to comprehensively define the scale of the mineralised system that has been identified to date. Codrus is very encouraged by the potential for the Project to host both wide, higher-grade and lower-grade zones of mineralisation, with mineralisation widely distributed across all of the key prospects tested to date, and in particular at the Porphyry West and Porphyry North. The Red Gate Gold Project (100% interest) is located approximately 140km north of Kalgoorlie and comprises one granted Exploration Licence covering a total area of 145.2 km square. The RC drilling program that has commenced is following up drilling completed last year and reported on the 9th March 2022. The current program is focused on following up significant intercepts including wide zone of high-grade mineralisation was encountered at Porphyry West in RGRC002, which returned an intercept of 23m at 3.82g/t Au from 14m down-hole including 5m at 14.29g/t Au from 27m down-hole. Hole RGRC003, which was drilled down-dip of the mineralisation encountered in RGRC002, returned numerous zones of mineralisation, with the most robust being 24m at 1.04g/t Au from 42m down-hole, and 1m at 5.75 g/t Au from 15m down-hole in hole RGRC003, with all mineralisation located towards the lower contact of the granite. The last drill program informed the Company's geological interpretation and will aid future drill targeting, with a key focus of endeavouring to locate and drill the fold axis that abut the granite and mafic and intermediate volcanics. At Porphyry North, located approximately 400m north of Porphyry West, recent drilling of three holes - RGRC020, RGRC021 and RGRC022 - all encountered mineralisation with RGRC021 and RGRC022 encountering significant down hole-widths of mineralisation. RGRC022, drilled 120m under the historic mineralisation, returned an intercept of 20m at 0.47g/t Au from 188m down-hole in a chlorite altered partly schistose granite with quartz veining and pyrite. Of note is the two new granite horizons which have been drilled and are mineralised, have never previously been identified and have led to more discrete local targeting that is designed to vector towards the key postulated structural controls on mineralisation. The ability to define significant mineralisation well beyond the limits of the historic drilling demonstrates that the scale of the mineralising system at Red Gate is significant. The new phase of drilling will provide invaluable insights into the range of controls on the mineralisation, while also enhancing the Company's understanding of the geological context and true potential of the gold mineralisation at Red Gate.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD & Director Shannan Bamforth was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 08Codrus Minerals Limited Commences Field Exploration Activities At Its 100%-Owned Middle Creek Gold Project, Located Near Nullagine in the Pilbara District of Western AustraliaCodrus Minerals Limited announced that it has commenced field exploration activities at its 100%-owned Middle Creek Gold Project, located near Nullagine in the Pilbara district of Western Australia. The initial work program will consist of the excavation of up to 11 trenches to allow detailed mapping and sampling in areas of where multiple gold anomalies were identified from previous soil and rock chip sampling. Coincidentally, the Company has pegged an additional 12 tenements in the district, with seven being contiguous with existing tenure. The remaining five are in areas deemed to be prospective for additional gold mineralisation. The Middle Creek Project is located 10km to the east of Nullagine in the Pilbara mining district of Western Australia. The area, which is currently going through a significant expansion of gold exploration and mining activity. A project-wide review of the geochemical sampling was completed which informed a program of surface trenching planned for excavation, mapping and sampling. The trenching will focus on the Major, Rangi, Dolores, Horse, Boris and Spud geochemical anomalies across the tenements. Once these areas are mapped and sampled, it will provide the Company's exploration team with greater geological context. Given the geochemical anomalies already identified, it is envisaged that the trenching program will generate follow-up targets for Reverse Circulation (RC) drilling. New Tenements: During a regional review, a number of key areas were highlighted in the Nullagine Mining Centre that the Company believes are prospective for gold mineralisation. As a result of this, 12 new tenements were applied for, with seven of the tenements being contiguous to the west of the current land-holding and five to the south of the current land-holding.お知らせ • Feb 15Codrus Minerals Limited Announces High Grade Drill Results At Red Gate Gold ProjectCodrus Minerals reported highly encouraging initial assay results from the maiden Reverse Circulation (RC) drilling program at its highly-prospective, 100%- owned Red Gate Gold Project in Western Australia. The Red Gate Project is located 140km north of Kalgoorlie in WA's Edjudina mining district, which hosts numerous operating mines. The Project is located immediately along strike from Northern Star Resources Porphyry Mining Centre. Approximately 60% of the assays from the drill program have been returned so far with the remainder expected in the coming weeks. Highlights: Maiden Reverse Circulation (RC) drilling program at the Red Gate Gold Project in the Edjudina Mining District of WA has returned excellent results including: 23m at 3.82g/t Au from 14m down-hole in hole RGRC002, including: 5m at 14.29g/t Au from 27m. 1m at 5.75g/t Au from 15m down-hole in hole RGRC003. 24m at 1.04g/t from 42m down-hole in hole RGRC003. 1m at 21.35g/t from 80m down-hole in hole RGRC011. Drilling demonstrates that Red Gate hosts significant high-grade mineralisation. 40% of the assays from the drill program are still pending. Geological understanding developing and assisting future drill targeting. Further drilling required to test the Porphyry West prospect along strike and at depth. The Red Gate Gold Project (100% interest) is located approximately 140km north of Kalgoorlie and comprises one granted Exploration Licence covering a total area of 145.2km2. The RC drilling program completed last year, which comprised a total of 2,980m of drilling, was designed to test Induced Polarisation (IP) anomalies, down-dip and down-plunge extensions of known mineralisation and to investigate under soil anomalies. The assay results received to date are for the drilling completed at Porphyry West, Arieta, Vonu, and Grunters.お知らせ • Jan 18Codrus Minerals Limited Exploration Ramps Up At Bull Run Gold Project, USACodrus Minerals Limited advised that its maiden exploration activities are gathering momentum at the highly prospective Bull Run Gold Project, located in Baker County, eastern Oregon, USA. The company has commenced a pivotal ground-based geophysical exploration program to assist with drill target definition after securing additional strategic mineral claims and identifying prospective new anomalous zones through successful soil sampling programs. The Bull Run Project forms part of Codrus' global exploration portfolio, which also includes three projects in Tier-1 locations in Western Australia. Exploration commenced at Bull Run towards the end of 2021 following Codrus' successful IPO and ASX listing last year and is expected to ramp-up significantly in 2022. The Bull Run Project consists of 102 claims, of which the Company holds a 100% legal and beneficial interest in 91 claims and is party to the Record Mine Option Agreement covering a further 11 claims. The Bull Run Project, situated in the Ironside Mountain Inlier, is prospective for gold and copper and has been mined intermittently since approximately 1929 for narrow high-grade gold. The Project has had little modern exploration completed on it, with the most recent drilling comprising just three holes completed in the 1980s. The Project hosts both gold and base metal mineralisation in north-east trending en-echelon veins, stockwork-type vein filling and disseminations between major veins within older equigranular biotite-quartz diorite and later felsic porphyritic intrusions. Low-grade mineralisation is also observed within the serpentinite. The most recent exploration work prior to the spin-out and listing of Codrus Minerals last year was soil geochemistry sampling over the claims which identified two gold-in-soil trends: A north trend running approximately parallel to the serpentinite-Bull Run granodiorite contact and the dominant dyke strike through the Bull Run Project area; and A North-east to north-northeast trend parallel to the dominant vein set within the Bull Run granodiorite, highlighted in particular by the Whited, Payton and Sunrise veins. In the last quarter of 2021, Codrus pegged an additional 12 mineral claims, covering the prospective zone to the south. These claims are 100%-owned by the Company. Once granted, the Company immediately commenced a program of soil sampling, with 99 samples collected in the new mineral claims. The samples were analysed for a multi-element suite including gold. The Company has identified the presence of disseminated pyrite and chalcopyrite mineralisation at Bull Run which may be amenable to pole-dipole Induced Polarisation geophysics. To test this, the Company has contracted Dias Geophysical, which will conduct a low-noise deep 3D DCIP survey over an area of 5.75km. The survey, which commenced towards the end of last year, is expected to resolve chargeability and resistivity anomalies to a depth of 400m. Dias Geophysical will deliver multi-scale, multi-azimuth datasets and 3D models of the chargeability and resistivity throughout the area. They will also image and map the sub-surface characteristics associated with the sulphide-rich quartz vein system. The survey was paused in late December as the steepness of the terrain and the accumulated snow made ground activities unsafe. The program will resume as soon as ground conditions allow. The results from the 3D DCIP IP survey, once received, will be integrated with the current geological knowledge to inform a drilling program. Preliminary drill permitting has commenced with the Bureau of Land Management and will continue with a dedicated consultant in-country supporting the Company's permitting applications. In addition to the 3D DCIP IP survey, the Company will be collecting the following additional datasets: UAV photography to assist drill planning and environmental management; and Modern surveying of the existing underground workings.お知らせ • Aug 25Codrus Minerals Limited Announces Exploration Advancing Rapidly Across Key Codrus Projects in WACodrus Minerals provided an update on exploration activities across its highly prospective Western Australia portfolio, which continue to gain momentum following its successful $8 million IPO and ASX listing in June. The Company has now completed its maiden diamond drilling program at the Silver Swan South Project, located 40km north of Kalgoorlie in WA. The program, comprising 1,464m of diamond drilling, was designed to test both nickel and gold targets along the Fitzroy Fault (the geological structure that hosts the mineralisation at the nearby >5Moz Kanowna Belle gold mine). The drilling, completed by DDH1, intersected prospective ultramafic and volcanic sequences with core processing and sample submission imminent. Initial assay results are expected in early October. Preparations are well advanced for the next phase of exploration, with a down-hole electromagnetic (DHEM) crew currently on site, and surveying of all holes to be completed. The Silver Swan South Project is a gold and nickel project located approximately 40km north-east of Kalgoorlie that consists of seven granted tenements covering a total area of 45.2km. The Project lies approximately 10km north-east of the Kanowna Belle Gold Mine operated by Northern Star Resources Limited and lies along the structural trend of the Fitzroy Fault (the primary control on mineralisation at Kanowna Belle). The Project has had historic exploration by numerous previous tenement holders, including Blackstone Minerals. Historic work that supported the gold and nickel exploration targeting at the project includes rotary air blast (RAB), air-core (AC) and Reverse Circulation (RC) drilling and several airborne and ground geophysical surveys. A significant portion of the historical work is interpreted to have not effectively tested the geological opportunity due to not penetrating into bedrock as a result of the presence of thick surficial cover. At Black Eagle, Hole SNDD001 was targeted beneath historic drilling that intersected encouraging gold mineralisation including SNAC070: 10m at 3.2g/t Au from 68m at the interpreted base of transported cover and into weathered bedrock. The hole intersected: 0m - 78m: sand, clays (transported cover); 78m - 145m: saprolitic sediments, gabbro, and minor felsic tuff; 145m - 149m: sheared talc-serpentinite, with a thin band of felsic tuff. At Black Hawk, hole SNDD003 was targeted at recent bottom-of-hole intercepts from SNAC027: 7m at 1.3g/t Au in felsic stratigraphy adjacent to the interpreted trend of the Fitzroy Shear Zone. Diamond drill hole SNDD003 encountered: 0m - 72m: sand, clay and minor saprolite; 72m - 82m: saprolitic silicic felsic volcaniclastics; and then from; 82m - 283m (EOH): sericite altered porphyritic felsic volcaniclastics with trace disseminated pyrite (128 - 179m and 223 - 283m), minor quartz+pyrite veinlets. Diamond drill-hole SNDD002 intersected: 0m - 27m sand: clays (transported cover); 27m to 215m: carbonated and quartz veined ultramafic rocks; 215m - 226m: mudstone and siltstone; 226m - 235m: mafic to ultramafic rocks; 235m - 429m: a thick sequence of bedded siltstone & black shale. 429m - 450m: strongly altered (quartz-sericite) felsic volcaniclastic breccia, including intervals of milled hydrothermal breccia with quartz porphyry clasts, a zone of disseminated pyrite was observed from 431 - 450m.株主還元CDRAU Metals and MiningAU 市場7D-7.1%0.7%1.1%1Y-18.8%52.7%7.2%株主還元を見る業界別リターン: CDR過去 1 年間で52.7 % の収益を上げたAustralian Metals and Mining業界を下回りました。リターン対市場: CDRは、過去 1 年間で7.2 % のリターンを上げたAustralian市場を下回りました。価格変動Is CDR's price volatile compared to industry and market?CDR volatilityCDR Average Weekly Movement16.2%Metals and Mining Industry Average Movement12.1%Market Average Movement10.6%10% most volatile stocks in AU Market17.4%10% least volatile stocks in AU Market4.5%安定した株価: CDRの株価は、 Australian市場と比較して過去 3 か月間で変動しています。時間の経過による変動: CDRの weekly volatility ( 16% ) は過去 1 年間安定していますが、依然としてAustralianの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2014n/an/awww.codrusminerals.com.auコドラス・ミネラルズ社は、鉱物資源の探査に従事している。金、ウラン、レアアース、ニッケル、銅鉱床を探査している。同社は2014年に法人化され、オーストラリアのウェスト・パースに拠点を置く。もっと見るCodrus Minerals Limited 基礎のまとめCodrus Minerals の収益と売上を時価総額と比較するとどうか。CDR 基礎統計学時価総額AU$5.38m収益（TTM）-AU$2.05m売上高(TTM)n/a0.0xP/Sレシオ-2.6xPER（株価収益率CDR は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計CDR 損益計算書（TTM）収益AU$0売上原価AU$0売上総利益AU$0その他の費用AU$2.05m収益-AU$2.05m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）-0.0099グロス・マージン0.00%純利益率0.00%有利子負債／自己資本比率0%CDR の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/06 08:43終値2026/05/06 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Codrus Minerals Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Featured narrative•Materials opportunityUpside Gold2 months ago author updated this narrativeSTFair Value from stuart_robertsCA$5.0768.4% 割安 内在価値ディスカウントAn Undervalued 3.3Moz Gold Project in CanadaKey takeaways Upside Gold is developing the Kena Gold Project, near the town of Nelson in the Kootenays region of southern British Columbia. Kena hosts a historical gold resource of 3.33 million ounces (561,000 ounces Indicated and 2.77 million ounces Inferred) across a 10,200-hectare land package.Read full narrative14.5kusers have viewed this narrative40users have liked this narrative1users have commented on this narrative280users have followed this narrativeRead narrative
New Risk • Mar 08New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.1m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m (AU$104k revenue, or US$73k). Market cap is less than US$10m (AU$5.79m market cap, or US$4.07m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding).
お知らせ • Jan 12+ 1 more updateCodrus Minerals Limited Announces Change of Company Secretary, Effective 12 January 2026Codrus Minerals Limited advised that Maddison Cramer has been appointed Company Secretary following the resignation of Jamie Byrde as Company Secretary, effective 12 January 2026. Maddison Cramer is a co-founder and managing director of boutique corporate services business Belltree Corporate and has over 10 years' experience as a corporate lawyer and company secretary to ASX-listed companies. She is currently a company secretary of a number of ASX-listed mining and resources companies. Ms Cramer is a former company secretary of Bellevue Gold Limited and prior to this was an associate at Bellanhouse Legal and HWL Ebsworth Lawyers. Mr. Byrde remains a Non-Executive Director of the Company.
Board Change • Jan 05Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive & Independent Director Keith Coughlan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Nov 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive & Independent Director Keith Coughlan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Oct 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.00m market cap, or US$3.94m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding).
お知らせ • Sep 27Codrus Minerals Limited, Annual General Meeting, Nov 20, 2025Codrus Minerals Limited, Annual General Meeting, Nov 20, 2025.
New Risk • Mar 08New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.1m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m (AU$104k revenue, or US$73k). Market cap is less than US$10m (AU$5.79m market cap, or US$4.07m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding).
お知らせ • Jan 12+ 1 more updateCodrus Minerals Limited Announces Change of Company Secretary, Effective 12 January 2026Codrus Minerals Limited advised that Maddison Cramer has been appointed Company Secretary following the resignation of Jamie Byrde as Company Secretary, effective 12 January 2026. Maddison Cramer is a co-founder and managing director of boutique corporate services business Belltree Corporate and has over 10 years' experience as a corporate lawyer and company secretary to ASX-listed companies. She is currently a company secretary of a number of ASX-listed mining and resources companies. Ms Cramer is a former company secretary of Bellevue Gold Limited and prior to this was an associate at Bellanhouse Legal and HWL Ebsworth Lawyers. Mr. Byrde remains a Non-Executive Director of the Company.
Board Change • Jan 05Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive & Independent Director Keith Coughlan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Nov 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Non-Executive & Independent Director Keith Coughlan was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
New Risk • Oct 08New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.00m market cap, or US$3.94m). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding).
お知らせ • Sep 27Codrus Minerals Limited, Annual General Meeting, Nov 20, 2025Codrus Minerals Limited, Annual General Meeting, Nov 20, 2025.
お知らせ • May 20Codrus Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.240406 million.Codrus Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.240406 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 41,346,875 Price\Range: AUD 0.03 Discount Per Security: AUD 0.0018 Transaction Features: Subsequent Direct Listing
Reported Earnings • Mar 18First half 2025 earnings released: AU$0.005 loss per share (vs AU$0.014 loss in 1H 2024)First half 2025 results: AU$0.005 loss per share (improved from AU$0.014 loss in 1H 2024). Net loss: AU$758.8k (loss narrowed 29% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings.
New Risk • Mar 13New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.6m free cash flow). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Revenue is less than US$1m (AU$6.7k revenue, or US$4.2k). Market cap is less than US$10m (AU$3.64m market cap, or US$2.30m).
お知らせ • Oct 04Codrus Minerals Limited, Annual General Meeting, Nov 21, 2024Codrus Minerals Limited, Annual General Meeting, Nov 21, 2024.
New Risk • Sep 26New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.8m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.8m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 8.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (118% increase in shares outstanding). Revenue is less than US$1m (AU$367k revenue, or US$252k). Market cap is less than US$10m (AU$3.80m market cap, or US$2.60m).
お知らせ • Jul 25Codrus Minerals Limited Announces Board ChangesCodrus Minerals Limited advised that Greg Bandy, current Non-Executive Chairman, has been appointed Executive Chairman from 22 July 2024. Shannan will continue to assist the Company over the coming weeks during the transition period. In addition, the Board advised the appointment of Keith Coughlan as Non-Executive Director effective 22 July 2024. Keith is currently the Executive Chairman of European Metals and previous Non-Executive Chairman of Talga Resources Limited. Keith has over 30 years' experience in stockbroking and funds management and has been integrally involved in the funding and promoting of resource companies listed on the ASX, AIM and TSX.
New Risk • Jun 01New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 119% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (119% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.60m market cap, or US$5.72m).
お知らせ • May 30Codrus Minerals Limited Approves Election of Greg Bandy as DirectorCodrus Minerals Limited announced at the AGM held on May 28, 2024, approved election of Greg Bandy as director.
お知らせ • Apr 28Codrus Minerals Limited, Annual General Meeting, May 28, 2024Codrus Minerals Limited, Annual General Meeting, May 28, 2024, at 10:00 W. Australia Standard Time. Location: Level 2, 16 Altona Street West Perth Western Australia Australia Agenda: To consider Issue of Shares Acquisition Consideration; to consider Ratification of a prior issue - Tranche 1 of Placement - Listing Rule 7.1; to consider Ratification of a prior issue - Tranche 1 of Placement - Listing Rule 7.1A; to consider Issue of Shares Tranche 2 of the Placement; to consider Election of Director Greg Bandy; to consider Subscription for Shares by a Related Party - Andrew Radonjic; to consider Subscription for Shares by a Related Party Shannan Bamforth; and to consider Subscription for Shares by a Related Party - Jamie Byrde.
お知らせ • Apr 17An unknown buyer acquired a 28.98% stake in Codrus Minerals Limited (ASX:CDR) from Blackstone Minerals Limited (ASX:BSX) for AUD 0.8 millionAn unknown buyer acquired a 28.98% stake in Codrus Minerals Limited (ASX:CDR) from Blackstone Minerals Limited (ASX:BSX) for AUD 0.8 million on April 15, 2024. Blackstone Minerals sold 25 million shares at AUD 0.035 each. An unknown buyer completed the acquisition of a 28.98% stake in Codrus Minerals Limited (ASX:CDR) from Blackstone Minerals Limited (ASX:BSX) on April 15, 2024.
お知らせ • Apr 05Codrus Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.055 million.Codrus Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.055 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 20,096,875 Price\Range: AUD 0.035 Discount Per Security: AUD 0.0021 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 8,474,554 Price\Range: AUD 0.035 Discount Per Security: AUD 0.0021 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,571,428 Price\Range: AUD 0.035 Discount Per Security: AUD 0.0021 Transaction Features: Subsequent Direct Listing
New Risk • Mar 14New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$4.07m market cap, or US$2.69m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding).
お知らせ • Nov 17Codrus Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.9518 million.Codrus Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.9518 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 437,500 Price\Range: AUD 0.08 Discount Per Security: AUD 0.0048 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 11,460,000 Price\Range: AUD 0.08 Discount Per Security: AUD 0.0048 Transaction Features: Subsequent Direct Listing
お知らせ • Oct 02Codrus Minerals Limited, Annual General Meeting, Nov 13, 2023Codrus Minerals Limited, Annual General Meeting, Nov 13, 2023. Agenda: To consider the re-election and appointment of directors.
New Risk • Sep 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.2m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 25% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$5.85m market cap, or US$3.76m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).
New Risk • Sep 07New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Earnings have declined by 43% per year over the past 5 years. Revenue is less than US$1m (AU$31k revenue, or US$20k). Market cap is less than US$10m (AU$6.14m market cap, or US$3.92m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (15% average weekly change).
お知らせ • Dec 11Codrus Confirms High Grades At Niobium-Rich Ree ProjectCodrus Minerals advised that it has confirmed exceptionally high grades from grab samples at the Karloning REE-Niobium Project in WA, where it recently secured an exciting growth and diversification opportunity in the rare earths sector. Last month, Codrus entered into a farm-in and joint venture agreement with Talgomine Minerals Pty Ltd. (Talgomine) to earn up to a 90% interest in the Karloning Project, which is located in Western Australia's Wheatbelt. The Project, which is located 30km north of the regional town of Mukinbudin and 260km north-east of Perth, provides Codrus with an opportunity to explore for the high-value REE's used in the manufacture of high-strength permanent magnets - namely praseodymium, neodymium, terbium and dysprosium. These elements are in high demand because of the explosive growth in industries that rely on permanent rare earth magnets such as electric vehicles, wind turbines and other renewable energy applications. While these permanent magnet REE's are the key high-grade values returned in the grab samples, significant grades of other rare earths, tantalum and niobium were also observed. The Karloning Project can be easily accessed by sealed roads via the town of Mukinbudin. The geology within the tenements (E70/5339 and E70/6306 (pending)) comprises mainly medium to coarse grained biotite granite and adamellite with a large quartz-microcline pegmatite, known as the Karloning Pegmatite. Tertiary lateritic duricrusts skirt the granite outcrops and are eroded by the Quaternary paleo drainages forming broad sheetwash areas consisting of sands, clays and silts. Mapping by the Geological Survey of Western Australia (1:250,000 Perth map sheet) shows a strike extent of ~1.5km for the Karloning Pegmatite, and Codrus believes there is a potential significant extension to the pegmatite beneath cover and for multiple pegmatite horizons to be discovered on the project. A quarry has been operated at the site historically (E70/5339), focused on the production of feldspar and quartz for industrial purposes. The pegmatite has had minor historic soil sampling completed to the north and west of the quarry which identified anomalous (+250ppm) total rare earths and Yttrium (TREY). The quarry area was subject to shallow (maximum depth 21.3m) vertical rotary air blast drilling (RAB) in the 1970's that only assessed the presence of the quarry target minerals quartz and feldspar, with no analysis for REE's. Due to the shallow and very restricted nature of the drilling, the geometry of the Karloning Pegmatite remains poorly constrained.
お知らせ • Nov 23Codrus Minerals Limited Secures Large Scale Niobium Rich REE Project in WACodrus Minerals advised that it has secured an exciting growth and diversification opportunity in the rare earths sector after entering into a farm-in and joint venture agreement with Talgomine Minerals Pty Ltd. (Talgomine) to earn up to a 90% interest in the Karloning Rare Earth Element (REE) Project, located in Western Australia's Wheatbelt. The Project, which is located 30km north of the regional town of Mukinbudin and 260km north-east of Perth provides Codrus with an opportunity to explore for the high-value rare earth elements (REE) used in the manufacture of high-strength permanent magnets - namely praseodymium, neodymium, terbium and dysprosium. These elements are in high demand because of the explosive growth in industries that rely on permanent rare earth magnets such as Electric Vehicles, wind turbines and other renewable energy applications. While these permanent magnet REE's are the key high-grade values returned in the grab samples, significant grades of other rare earths, tantalum and niobium were also observed. The Karloning Project can be easily accessed by sealed roads via the town of Mukinbudin. The geology within the tenements (E70/5339 and E70/6306 (pending)) comprises mainly medium to coarse grained biotite granite and adamellite with a large quartz-microcline pegmatite, known as the Karloning Pegmatite. Tertiary lateritic duricrusts skirt the granite outcrops and are eroded by the Quaternary paleo drainages forming broad sheetwash areas consisting of sands, clays, and silts. Mapping by the Geological Survey of Western Australia (1:250,000 Perth map sheet) shows a strike extent of ~1.5km for the Karloning Pegmatite, and Codrus believes there is a potential significant extension to the pegmatite beneath cover and for multiple pegmatite horizons to be discovered on the project.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD & Executive Director Shannan Bamforth was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Sep 30Codrus Minerals Limited, Annual General Meeting, Nov 14, 2022Codrus Minerals Limited, Annual General Meeting, Nov 14, 2022.
お知らせ • Jul 29Codrus Minerals Reports Multiple Gold Zones Discovered At Middle Creek Project, WaCodrus Minerals to report very encouraging assay results from a recently completed trenching program at its 100%-owned Middle Creek Gold Project, located near Nullagine in the Pilbara district of Western Australia. The initial work program saw the excavation of 11 trenches to allow detailed mapping and sampling in areas where multiple gold anomalies were identified from previous soil and rock chip sampling. Codrus reported the results of this program, which support the Company's view that this project has strong potential to host significant gold mineralisation. The Middle Creek Project is located 10km east of Nullagine in the Pilbara mining district of Western Australia (see Figure 1). The area is currently undergoing a significant expansion of gold exploration and mining activity. Novo Resources Corp. owns the nearby Beaton's Creek Gold Project, where they have been mining and processing ore at the Golden Eagle Plant, which is located approximately 15km to the south- west of Codrus' existing granted Middle Creek tenements. To the north of Middle Creek, Calidus Resources (ASX: CAI) is completing a Definitive Feasibility Study (DFS) on the high-grade Blue Spec Gold Project (containing Mineral Resources of 415,000t at 16.35g/t for 219,000oz of gold1), which is located approximately 7km to the north-east (see Figure 2). This DFS study is investigating the opportunity to process ore mined from Blue Spec at Calidus' Warrawoona Plant. A project-wide review of the soil geochemical survey data identified several linear clusters of gold-in-soil anomalism, as defined by the >50ppb (0.05ppm or g/t Au) gold-in-soil contour line (e.g., at the Major 1, Major 2, Rangi, Dolores, Horse, Boris and Spud areas-of-interest) (see Figure 3). A total of 11 trenches have been excavated to date, with detailed mapping, continuous rock chip sampling and laboratory analysis completed on nine of the trenches (MCTR001 - MCTR009); the remaining two trenches (MCTR010 at Spud and MCTR011 at Boris) are scheduled to be completed in the coming quarter. The results of the trenching have confirmed the presence of significant widths of gold mineralisation, enhancing the Company's understanding of the mineralising hydrothermal system in general and on the controls of the gold mineralisation over the lease area. Trenches MCTR005 and MCTR006 were excavated at the Major 2 prospect. The trenches, which were 39m and 41m long respectively, returned impressive gold anomalism. MCTR005 returned 11m at 0.49g/t Au from 4m along the trench and MCTR006 25m at 0.8g/t Au from 8m including 9m at 1.86g/t Au from 24m. MCTR005 was dominated by Mosquito Creek formation sediments with variably altered (quartz-sericite to chlorite-smectite) interbedded sandstone and mudstone (+/- shearing) cut by numerous vein sets consisting of oxidized buck quartz and sheeted narrow quartz-sulfide veins. MCTR006 showed heavily veined interbedded sandstone and mudstone (with phyllite to the west), with better mineralisation associated with a shear zone with ferruginous re-fractured quartz fault and quartz sulphide veins.
お知らせ • Jul 21Codrus Minerals Limited Announces That Assay Results Received from Phase 2 Reverse Circulation Drilling Program At 100%-Owned Red Gate Gold Project in Western Australia Confirmed the Potential for Gold Mineralised System of Significant ScaleCodrus Minerals Limited announced that assay results received from the Phase 2 Reverse Circulation drilling program at its 100%-owned Red Gate Gold Project in Western Australia have confirmed the potential for a gold mineralised system of significant scale. The Red Gate Project is located 140km north of Kalgoorlie in WA's Edjudina mining district, which hosts numerous operating mines. The Project is located immediately along strike from Northern Star Resources' Porphyry Mining Centre. The recent phase of wide-spaced drilling was designed to further unlock the geological potential of the Red Gate Project and reflects the Company's commitment to define the overall scale and potential of the mineralised system that has been identified to date. Codrus is very encouraged by the results received as they continue to highlight the potential for a mineralising system of significant scale. The Project continues to deliver both wide, higher-grade, and lower-grade zones of mineralisation, with mineralisation widely distributed over a strike length of 800m across two key structural lineaments at the Porphyry West and Porphyry North prospects. RED GATE GOLD PROJECT; The Red Gate Gold Project (100% interest) is located approximately 140km north of Kalgoorlie and comprises one granted Exploration Licence covering a total area of 85.8km2 . The 2,350m Phase 2 RC drilling program was designed to target the Porphyry West and Porphyry North anticlines, following up the maiden drill program completed last year and reported in First Quarter 2022. The program was focused on establishing geological context around the significant intercepts including a wide zone of high-grade mineralisation that was encountered at Porphyry West in RGRC002, which returned an intercept of 23m at 3.82g/t Au from 14m down-hole including 5m at 14.29g/t Au from 27m down-hole. A total of seven RC holes were drilled targeting the Porphyry West Anticline, with the aim of delineating the interpreted control on the mineralisation, being the NNW striking fold axis at the contact of the granite and, mafic and intermediate volcanics. The holes were drilled to test the strike continuity of the mineralisation, resulting in a significant change to the previous interpretation of the northerly plunge control on the fold. Hole RGRC029 - which was drilled down-plunge of, and approximately 30m north of RGRC002, PNRC006; and PNRC007 - returned an intercept of 10m at 1.19g/t from 52m down-hole in RGRC029, including 1m at 5.51g/t from 58m, and a further 10m at 1.4g/t from 66m (see Figure 3). The hole also identified additional complexity in the geometry of the folding. RGRC030 drilled approximately a further 110m to the north of RGRC029 demonstrated that the plunge of the fold axis steepened significantly whilst still intersecting 2m at 2.01g/t from 133m and 4m at 1.08g/t from 149m. An additional 11 drill holes were targeted along the Porphyry North Anticline target zone over a strike length of over 900m. The aim was to determine the extent of the anticline and investigat areas for potential extensions of known mineralisation. Better results from the drilling in this area included the drilling to the north of the historic drilling that intersected 14m at 1.06g/t from 18m in RGRC035 including 2m at 3.97g/t from 18m, and 1m at 9.24g/from 37m. This hole showed that drilling closer to the fold hinges results in elevated grade and confirmed the targeting rationale in the program, expanding the interpreted search space. Additional results confirm that mineralisation on the fold axis is present over significant strike extents, with assay results including: 1m @ 2.83g/t from 41m down-hole in RGRC039; 4m @ 2.55g/t from 110m down-hole in RGRC040; 1m @ 3.06g/t from 47m down-hole in RGRC033; 3m @ 3.26g/t from 64m down-hole in RGRC033 including: 1m @ 8.21g/t from 66m; 8m @ 1.11g/t from 12m down-hole in RGRC034; 1m @ 2.74g/t from 70m down-hole in RGRC043.
お知らせ • May 18Codrus Minerals Advises A Major New Phase of Reverse Circulation Drilling Has Commenced At Its Highly-Prospective 100%-Owned Red Gate Gold Project in Western AustraliaCodrus Minerals advised that a major new phase of Reverse Circulation (RC) drilling has commenced at its highly-prospective 100%-owned Red Gate Gold Project in Western Australia. The Red Gate Project is located 140km north of Kalgoorlie in WA's Edjudina mining district, which hosts numerous operating mines. The Project is located immediately along strike from Northern Star Resources' Porphyry Mining Centre. The new phase of drilling is designed to further unlock the geological potential of the Red Gate Project and reflects the Company's commitment to comprehensively define the scale of the mineralised system that has been identified to date. Codrus is very encouraged by the potential for the Project to host both wide, higher-grade and lower-grade zones of mineralisation, with mineralisation widely distributed across all of the key prospects tested to date, and in particular at the Porphyry West and Porphyry North. The Red Gate Gold Project (100% interest) is located approximately 140km north of Kalgoorlie and comprises one granted Exploration Licence covering a total area of 145.2 km square. The RC drilling program that has commenced is following up drilling completed last year and reported on the 9th March 2022. The current program is focused on following up significant intercepts including wide zone of high-grade mineralisation was encountered at Porphyry West in RGRC002, which returned an intercept of 23m at 3.82g/t Au from 14m down-hole including 5m at 14.29g/t Au from 27m down-hole. Hole RGRC003, which was drilled down-dip of the mineralisation encountered in RGRC002, returned numerous zones of mineralisation, with the most robust being 24m at 1.04g/t Au from 42m down-hole, and 1m at 5.75 g/t Au from 15m down-hole in hole RGRC003, with all mineralisation located towards the lower contact of the granite. The last drill program informed the Company's geological interpretation and will aid future drill targeting, with a key focus of endeavouring to locate and drill the fold axis that abut the granite and mafic and intermediate volcanics. At Porphyry North, located approximately 400m north of Porphyry West, recent drilling of three holes - RGRC020, RGRC021 and RGRC022 - all encountered mineralisation with RGRC021 and RGRC022 encountering significant down hole-widths of mineralisation. RGRC022, drilled 120m under the historic mineralisation, returned an intercept of 20m at 0.47g/t Au from 188m down-hole in a chlorite altered partly schistose granite with quartz veining and pyrite. Of note is the two new granite horizons which have been drilled and are mineralised, have never previously been identified and have led to more discrete local targeting that is designed to vector towards the key postulated structural controls on mineralisation. The ability to define significant mineralisation well beyond the limits of the historic drilling demonstrates that the scale of the mineralising system at Red Gate is significant. The new phase of drilling will provide invaluable insights into the range of controls on the mineralisation, while also enhancing the Company's understanding of the geological context and true potential of the gold mineralisation at Red Gate.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. MD & Director Shannan Bamforth was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 08Codrus Minerals Limited Commences Field Exploration Activities At Its 100%-Owned Middle Creek Gold Project, Located Near Nullagine in the Pilbara District of Western AustraliaCodrus Minerals Limited announced that it has commenced field exploration activities at its 100%-owned Middle Creek Gold Project, located near Nullagine in the Pilbara district of Western Australia. The initial work program will consist of the excavation of up to 11 trenches to allow detailed mapping and sampling in areas of where multiple gold anomalies were identified from previous soil and rock chip sampling. Coincidentally, the Company has pegged an additional 12 tenements in the district, with seven being contiguous with existing tenure. The remaining five are in areas deemed to be prospective for additional gold mineralisation. The Middle Creek Project is located 10km to the east of Nullagine in the Pilbara mining district of Western Australia. The area, which is currently going through a significant expansion of gold exploration and mining activity. A project-wide review of the geochemical sampling was completed which informed a program of surface trenching planned for excavation, mapping and sampling. The trenching will focus on the Major, Rangi, Dolores, Horse, Boris and Spud geochemical anomalies across the tenements. Once these areas are mapped and sampled, it will provide the Company's exploration team with greater geological context. Given the geochemical anomalies already identified, it is envisaged that the trenching program will generate follow-up targets for Reverse Circulation (RC) drilling. New Tenements: During a regional review, a number of key areas were highlighted in the Nullagine Mining Centre that the Company believes are prospective for gold mineralisation. As a result of this, 12 new tenements were applied for, with seven of the tenements being contiguous to the west of the current land-holding and five to the south of the current land-holding.
お知らせ • Feb 15Codrus Minerals Limited Announces High Grade Drill Results At Red Gate Gold ProjectCodrus Minerals reported highly encouraging initial assay results from the maiden Reverse Circulation (RC) drilling program at its highly-prospective, 100%- owned Red Gate Gold Project in Western Australia. The Red Gate Project is located 140km north of Kalgoorlie in WA's Edjudina mining district, which hosts numerous operating mines. The Project is located immediately along strike from Northern Star Resources Porphyry Mining Centre. Approximately 60% of the assays from the drill program have been returned so far with the remainder expected in the coming weeks. Highlights: Maiden Reverse Circulation (RC) drilling program at the Red Gate Gold Project in the Edjudina Mining District of WA has returned excellent results including: 23m at 3.82g/t Au from 14m down-hole in hole RGRC002, including: 5m at 14.29g/t Au from 27m. 1m at 5.75g/t Au from 15m down-hole in hole RGRC003. 24m at 1.04g/t from 42m down-hole in hole RGRC003. 1m at 21.35g/t from 80m down-hole in hole RGRC011. Drilling demonstrates that Red Gate hosts significant high-grade mineralisation. 40% of the assays from the drill program are still pending. Geological understanding developing and assisting future drill targeting. Further drilling required to test the Porphyry West prospect along strike and at depth. The Red Gate Gold Project (100% interest) is located approximately 140km north of Kalgoorlie and comprises one granted Exploration Licence covering a total area of 145.2km2. The RC drilling program completed last year, which comprised a total of 2,980m of drilling, was designed to test Induced Polarisation (IP) anomalies, down-dip and down-plunge extensions of known mineralisation and to investigate under soil anomalies. The assay results received to date are for the drilling completed at Porphyry West, Arieta, Vonu, and Grunters.
お知らせ • Jan 18Codrus Minerals Limited Exploration Ramps Up At Bull Run Gold Project, USACodrus Minerals Limited advised that its maiden exploration activities are gathering momentum at the highly prospective Bull Run Gold Project, located in Baker County, eastern Oregon, USA. The company has commenced a pivotal ground-based geophysical exploration program to assist with drill target definition after securing additional strategic mineral claims and identifying prospective new anomalous zones through successful soil sampling programs. The Bull Run Project forms part of Codrus' global exploration portfolio, which also includes three projects in Tier-1 locations in Western Australia. Exploration commenced at Bull Run towards the end of 2021 following Codrus' successful IPO and ASX listing last year and is expected to ramp-up significantly in 2022. The Bull Run Project consists of 102 claims, of which the Company holds a 100% legal and beneficial interest in 91 claims and is party to the Record Mine Option Agreement covering a further 11 claims. The Bull Run Project, situated in the Ironside Mountain Inlier, is prospective for gold and copper and has been mined intermittently since approximately 1929 for narrow high-grade gold. The Project has had little modern exploration completed on it, with the most recent drilling comprising just three holes completed in the 1980s. The Project hosts both gold and base metal mineralisation in north-east trending en-echelon veins, stockwork-type vein filling and disseminations between major veins within older equigranular biotite-quartz diorite and later felsic porphyritic intrusions. Low-grade mineralisation is also observed within the serpentinite. The most recent exploration work prior to the spin-out and listing of Codrus Minerals last year was soil geochemistry sampling over the claims which identified two gold-in-soil trends: A north trend running approximately parallel to the serpentinite-Bull Run granodiorite contact and the dominant dyke strike through the Bull Run Project area; and A North-east to north-northeast trend parallel to the dominant vein set within the Bull Run granodiorite, highlighted in particular by the Whited, Payton and Sunrise veins. In the last quarter of 2021, Codrus pegged an additional 12 mineral claims, covering the prospective zone to the south. These claims are 100%-owned by the Company. Once granted, the Company immediately commenced a program of soil sampling, with 99 samples collected in the new mineral claims. The samples were analysed for a multi-element suite including gold. The Company has identified the presence of disseminated pyrite and chalcopyrite mineralisation at Bull Run which may be amenable to pole-dipole Induced Polarisation geophysics. To test this, the Company has contracted Dias Geophysical, which will conduct a low-noise deep 3D DCIP survey over an area of 5.75km. The survey, which commenced towards the end of last year, is expected to resolve chargeability and resistivity anomalies to a depth of 400m. Dias Geophysical will deliver multi-scale, multi-azimuth datasets and 3D models of the chargeability and resistivity throughout the area. They will also image and map the sub-surface characteristics associated with the sulphide-rich quartz vein system. The survey was paused in late December as the steepness of the terrain and the accumulated snow made ground activities unsafe. The program will resume as soon as ground conditions allow. The results from the 3D DCIP IP survey, once received, will be integrated with the current geological knowledge to inform a drilling program. Preliminary drill permitting has commenced with the Bureau of Land Management and will continue with a dedicated consultant in-country supporting the Company's permitting applications. In addition to the 3D DCIP IP survey, the Company will be collecting the following additional datasets: UAV photography to assist drill planning and environmental management; and Modern surveying of the existing underground workings.
お知らせ • Aug 25Codrus Minerals Limited Announces Exploration Advancing Rapidly Across Key Codrus Projects in WACodrus Minerals provided an update on exploration activities across its highly prospective Western Australia portfolio, which continue to gain momentum following its successful $8 million IPO and ASX listing in June. The Company has now completed its maiden diamond drilling program at the Silver Swan South Project, located 40km north of Kalgoorlie in WA. The program, comprising 1,464m of diamond drilling, was designed to test both nickel and gold targets along the Fitzroy Fault (the geological structure that hosts the mineralisation at the nearby >5Moz Kanowna Belle gold mine). The drilling, completed by DDH1, intersected prospective ultramafic and volcanic sequences with core processing and sample submission imminent. Initial assay results are expected in early October. Preparations are well advanced for the next phase of exploration, with a down-hole electromagnetic (DHEM) crew currently on site, and surveying of all holes to be completed. The Silver Swan South Project is a gold and nickel project located approximately 40km north-east of Kalgoorlie that consists of seven granted tenements covering a total area of 45.2km. The Project lies approximately 10km north-east of the Kanowna Belle Gold Mine operated by Northern Star Resources Limited and lies along the structural trend of the Fitzroy Fault (the primary control on mineralisation at Kanowna Belle). The Project has had historic exploration by numerous previous tenement holders, including Blackstone Minerals. Historic work that supported the gold and nickel exploration targeting at the project includes rotary air blast (RAB), air-core (AC) and Reverse Circulation (RC) drilling and several airborne and ground geophysical surveys. A significant portion of the historical work is interpreted to have not effectively tested the geological opportunity due to not penetrating into bedrock as a result of the presence of thick surficial cover. At Black Eagle, Hole SNDD001 was targeted beneath historic drilling that intersected encouraging gold mineralisation including SNAC070: 10m at 3.2g/t Au from 68m at the interpreted base of transported cover and into weathered bedrock. The hole intersected: 0m - 78m: sand, clays (transported cover); 78m - 145m: saprolitic sediments, gabbro, and minor felsic tuff; 145m - 149m: sheared talc-serpentinite, with a thin band of felsic tuff. At Black Hawk, hole SNDD003 was targeted at recent bottom-of-hole intercepts from SNAC027: 7m at 1.3g/t Au in felsic stratigraphy adjacent to the interpreted trend of the Fitzroy Shear Zone. Diamond drill hole SNDD003 encountered: 0m - 72m: sand, clay and minor saprolite; 72m - 82m: saprolitic silicic felsic volcaniclastics; and then from; 82m - 283m (EOH): sericite altered porphyritic felsic volcaniclastics with trace disseminated pyrite (128 - 179m and 223 - 283m), minor quartz+pyrite veinlets. Diamond drill-hole SNDD002 intersected: 0m - 27m sand: clays (transported cover); 27m to 215m: carbonated and quartz veined ultramafic rocks; 215m - 226m: mudstone and siltstone; 226m - 235m: mafic to ultramafic rocks; 235m - 429m: a thick sequence of bedded siltstone & black shale. 429m - 450m: strongly altered (quartz-sericite) felsic volcaniclastic breccia, including intervals of milled hydrothermal breccia with quartz porphyry clasts, a zone of disseminated pyrite was observed from 431 - 450m.
