View Future GrowthAstron 과거 순이익 실적과거 기준 점검 2/6Astron은 연평균 25.5%의 비율로 수입이 증가해 온 반면, Metals and Mining 산업은 수입이 15.2% 증가했습니다. 매출은 연평균 8.3%의 비율로 감소했습니다. Astron의 자기자본이익률은 15.2%이고 순이익률은 153%입니다.핵심 정보25.50%순이익 성장률24.73%주당순이익(EPS) 성장률Metals and Mining 산업 성장률22.33%매출 성장률-8.30%자기자본이익률15.24%순이익률152.97%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Sep 17Full year 2025 earnings released: EPS: AU$0.10 (vs AU$0.16 loss in FY 2024)Full year 2025 results: EPS: AU$0.10 (up from AU$0.16 loss in FY 2024). Net income: AU$19.7m (up AU$44.5m from FY 2024). Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 26First half 2025 earnings released: EPS: AU$0.045 (vs AU$0.046 loss in 1H 2024)First half 2025 results: EPS: AU$0.045 (up from AU$0.046 loss in 1H 2024). Revenue: AU$4.06m (down 35% from 1H 2024). Net income: AU$8.35m (up AU$15.3m from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year.Reported Earnings • Sep 17Full year 2024 earnings released: AU$0.16 loss per share (vs AU$0.06 loss in FY 2023)Full year 2024 results: AU$0.16 loss per share (further deteriorated from AU$0.06 loss in FY 2023). Revenue: AU$12.2m (down 16% from FY 2023). Net loss: AU$24.9m (loss widened 222% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.Reported Earnings • Sep 30Full year 2023 earnings released: AU$0.06 loss per share (vs AU$0.074 loss in FY 2022)Full year 2023 results: AU$0.06 loss per share (improved from AU$0.074 loss in FY 2022). Revenue: AU$14.5m (down 24% from FY 2022). Net loss: AU$7.73m (loss narrowed 14% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.Reported Earnings • Feb 25First half 2023 earnings released: AU$0.041 loss per share (vs AU$0.041 loss in 1H 2022)First half 2023 results: AU$0.041 loss per share (in line with 1H 2022). Revenue: AU$6.77m (down 35% from 1H 2022). Net loss: AU$5.06m (loss widened 1.3% from 1H 2022). Revenue is forecast to grow 50% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.공시 • Oct 05+ 3 more updatesAstron Corporation Limited to Report Q1, 2023 Results on Oct 31, 2022Astron Corporation Limited announced that they will report Q1, 2023 results on Oct 31, 2022모든 업데이트 보기Recent updatesPrice Target Changed • Mar 11Price target decreased by 44% to AU$0.90Down from AU$1.60, the current price target is provided by 1 analyst. New target price is 32% above last closing price of AU$0.68. Stock is up 45% over the past year. The company posted earnings per share of AU$0.10 last year.공시 • Jan 12Astron Limited Announces Appointment of Catherine Costello as Non-Executive Director, Effective January 12, 2026Astron Limited has appointed Ms. Catherine Costello as a non-executive director, effective January 12, 2026. Ms. Costello brings more than 25 years of experience in Australian and multinational resource businesses, including large ASX-listed and US-listed entities, in which she has held key executive roles with responsibility for financial management, strategic development and governance. She has been closely involved in strategic decision making and transformative business processes and has led significant corporate transactions. Her board experience includes executive and non-executive director roles as well as providing independent advisory services while chairing board committees. Ms. Costello is currently employed by Ok Tedi Mining Limited as General Manager, Project Financing and Strategy. Prior to this, her role at Ok Tedi Mining was Chief Financial Officer and General Manager People and Commercial. Ms. Costello is a Chartered Accountant and Chartered Secretary. She is a graduate of both the Australian Institute of Company Directors and the Governance Institute of Australia and holds the degrees of Bachelor of Commerce and Master of Science (Mineral Economics). Ms. Costello presently serves as a non-executive director and chair of the Audit Committee of ASX-listed Horizon Oil Limited.공시 • Oct 24Astron Corporation Limited, Annual General Meeting, Nov 25, 2025Astron Corporation Limited, Annual General Meeting, Nov 25, 2025. Location: bdo melbourne, tower 4, level 18, 727 collins street, docklands, victoria3008, Australia공시 • Oct 21Energy Fuels Inc. and Astron Limited Announce Conditional Letter of Support for the Donald ProjectEnergy Fuels Inc. and Astron Limited announced that they have received a non-binding and conditional Letter of Support from Export Finance Australia (EFA) (dated 21 October 2025), for up to AUD 80 million in respect of senior debt project financing for the development of the Donald Rare Earth and Mineral Sands Project ("Donald Project"). The Donald Project total funding requirement is estimated to be AUD520mm based on the latest project parameters released in July 2025, The joint venture is targeting a 50%: 50% debt-to-equity gearing ratio and is working with other Export Credit Agencies and senior lenders to confirm the syndicate that will provide the project financing facility for the Donald Project. EFA is Australia's export credit agency, providing commercial finance for export trade and overseas infrastructure development. The shovel ready Donald Project is one of Australia's most advanced critical mineral projects, targeting the production of rare earth elements (REEs), which are expected to be shipped to Energy Fuels' mineral processing facility in the U.S. for production of advanced REE materials, and zircon-rich heavy mineral concentrates for global supply chains. Production is planned to commence as early as H2 2027, subject to securing project financing and completion of a positive final investment decision ("FID") for the Project. With 100% of the Project's Rare Earth Element Concentrate ("REEC") subject to a life-of-mine offtake agreement with Energy Fuels, the Donald Project, once developed and brought into production, will strengthen global supply chain resilience for Western and partner nations. When in production, Phase 1 of the Donald Project is expected to produce on average 7.2 thousand tonnes (" ktpa") of REEC per annum containing both light and highly strategic heavy rare earths, including up to 1,000t of Neodymium-Praseodymium ("NdPr") oxides, 92t of Dysprosium (Dy) oxide, and 16t of Terbium (Tb) oxides per year. Energy Fuels' White Mesa Mill ("Mill") in Utah, USA has the current capacity to process all of the Donald Project's Phase 1 REEC production and extract the light and heavy REEs. The Mill also has the current capacity to produce up to 1,000t the separated Dy, Tb, and potentially other heavy REE oxides as soon as late 2026. Based on the revised project economic parameters, which were announced on 23 July 2025, the Project's indicative forecast total funding requirement is AUD520 million (in nominal terms) including capital expenditures and start-up working capital, as well as AUD 44 million of indicative finance costs, fees and interest during the construction period, and funding reserves, based on targeting a base case 50%:50% debt-to equity ratio.ron will continue to work with its debt advisor, ICA Partners, on the arrangement of debt funding for the Donald Project. This announcement is authorised for release by the Managing Director of Astron and CEO of Energy Fuels.New Risk • Sep 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 129% 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 Share price has been highly volatile over the past 3 months (22% average weekly change). High level of non-cash earnings (29% accrual ratio). Shareholders have been substantially diluted in the past year (129% increase in shares outstanding).Reported Earnings • Sep 17Full year 2025 earnings released: EPS: AU$0.10 (vs AU$0.16 loss in FY 2024)Full year 2025 results: EPS: AU$0.10 (up from AU$0.16 loss in FY 2024). Net income: AU$19.7m (up AU$44.5m from FY 2024). Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.New Risk • Sep 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 Risk Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (AU$9.0m net loss in 3 years). Market cap is less than US$100m (AU$87.9m market cap, or US$58.5m).공시 • Jun 26Energy Fuels' Donald Rare Earth and Mineral Sand Joint Venture in Australia Receives Final Major Regulatory ApprovalsEnergy Fuels Inc. announce that the Government of Victoria, Australia has approved the Work Plan for the construction and operation of the Donald Rare Earth and Mineral Sand Project (the "Donald Project") located in the Wimmera region of Victoria. This is the final major regulatory approval required to construct and operate the Donald Project. It enables the finalization of critical activities, including arrangements for debt and equity financing, before a final investment decision ("FID") can be made. The Donald Project is a joint venture ("JV") between US-based Energy Fuels and Australia-based Astron Corporation Limited ("Astron"), under which Energy Fuels has the right to invest a total of AUD 183 million (USD 119 million at current exchange rates), plus issuance of USD 17.5 million of common shares, to earn up to a 49% interest in the project. The Donald Project is expected to provide Energy Fuels with a low-cost and long-term allied supply of monazite- and xenotime-bearing REE mineral concentrate ("REEC"), which the Company plans to import into the U.S. for processing into high-purity separated REEs at the Company's White Mesa Mill in Utah (the "Mill"), including neodymium-praseodymium ("NdPr"), terbium ("Tb"), dysprosium ("Dy"), and potentially samarium ("Sm") and others. Once in operation, the Donald Project JV will sell: (i) all the REEC to Energy Fuels at then-prevailing market prices and (ii) the titanium and zircon heavy mineral sand concentrate ("HMC") to Astron or other global customers. Following payment of all JV expenses, all profits from the JV will be distributed to Energy Fuels and Astron, pro rata according to their respective ownership interests. This arrangement is expected to provide Energy Fuels with a low-cost and large-scale source of REE feedstock for several decades. This June 3, 2024 news release describes additional terms of the JV. Phase 1 of the Donald Project is expected to supply Energy Fuels with approximately 7,000 – 8,000 metric tons ("tonnes") of REEC per year ("Donald – Phase 1"), commencing as early as 2026. 8,000 tonnes of REEC from the Donald Project would contain approximately 4,700 tonnes of total REE oxides ("TREO"), including roughly 990 tonnes of separated NdPr, 84 tonnes of Dy oxide, and 14 tonnes of Tb oxide. Energy Fuels has the current installed "Phase 1" capacity at the Mill in Utah to process the Donald – Phase 1 quantities of REEC into separated NdPr, along with a samarium-plus ("Sm+") REE concentrate. The Sm+ concentrate would be stockpiled at the Mill for future processing into separated "mid" and "heavy" REE oxides in the planned Phase 2 expansion of the Mill (the "Phase 2 Mill Expansion").New Risk • Jun 25New 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 19% 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 (19% average weekly change). Earnings have declined by 29% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Significant insider selling over the past 3 months (AU$1m sold). Market cap is less than US$100m (AU$133.9m market cap, or US$87.0m).분석 기사 • Apr 18Is Astron (ASX:ATR) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Recent Insider Transactions • Mar 20MD, CEO & Executive Director recently sold AU$3.1m worth of stockOn the 17th of March, Tiger Brown sold around 6m shares on-market at roughly AU$0.52 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Tiger has been a net seller over the last 12 months, reducing personal holdings by AU$2.9m.Reported Earnings • Feb 26First half 2025 earnings released: EPS: AU$0.045 (vs AU$0.046 loss in 1H 2024)First half 2025 results: EPS: AU$0.045 (up from AU$0.046 loss in 1H 2024). Revenue: AU$4.06m (down 35% from 1H 2024). Net income: AU$8.35m (up AU$15.3m from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year.공시 • Dec 05Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 11.545191 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 11.545191 million. Security Name: CHESS DEPOSITARY INTERESTS Security Type: Depositary Receipt (Common Stock) Securities Offered: 15,219,986 Price\Range: AUD 0.66 Discount Per Security: AUD 0.0396 Security Name: CHESS DEPOSITARY INTERESTS Security Type: Depositary Receipt (Common Stock) Securities Offered: 2,272,727 Price\Range: AUD 0.66 Discount Per Security: AUD 0.0396 Transaction Features: Rights Offering공시 • Nov 13Astron Corporation Limited, Annual General Meeting, Dec 05, 2024Astron Corporation Limited, Annual General Meeting, Dec 05, 2024. Location: at bdo melbourne, tower 4, level 18, 727 collins street, docklands, victoria 3008, Australia공시 • Oct 24Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 4,545,455 Price\Range: AUD 0.66 Transaction Features: Subsequent Direct Listing공시 • Oct 17+ 1 more updateAstron Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 10.045133 million.Astron Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 10.045133 million. Security Name: CHESS DEPOSITARY INTERESTS Security Type: Depositary Receipt (Common Stock) Securities Offered: 15,219,898 Price\Range: AUD 0.66 Transaction Features: Rights OfferingReported Earnings • Sep 17Full year 2024 earnings released: AU$0.16 loss per share (vs AU$0.06 loss in FY 2023)Full year 2024 results: AU$0.16 loss per share (further deteriorated from AU$0.06 loss in FY 2023). Revenue: AU$12.2m (down 16% from FY 2023). Net loss: AU$24.9m (loss widened 222% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.공시 • Mar 28Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million. Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 5,357,143 Price\Range: AUD 0.56 Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 7,142,857 Price\Range: AUD 0.56 Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 5,357,143 Price\Range: AUD 0.56 Transaction Features: Subsequent Direct Listing공시 • Dec 04Astron Corporation Limited, Annual General Meeting, Dec 28, 2023Astron Corporation Limited, Annual General Meeting, Dec 28, 2023, at 11:00 China Standard Time. Location: Rooms 43A & 23B, Level 43, champion tower, No. 3 Garden road Central Hong Kong Agenda: To consider and approve the Director report and financial report for the year ended 30 June 2023; to consider and approve the election of Director; to consider and approve the appointment of Director; to consider and approve the remuneration report; to consider and approve the ratification of prior issue of shares; to consider and approve to issue of 15% of securities; and to consider and approve the change in performance rights plan.공시 • Nov 23Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.68 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.68 million. Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 3,000,000 Price\Range: AUD 0.56 Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 1,785,714 Price\Range: AUD 0.56 Transaction Features: Subsequent Direct Listing공시 • Nov 09Astron Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 10.000001 million.Astron Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 10.000001 million. Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 10,714,286 Price\Range: AUD 0.56 Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 7,142,858 Price\Range: AUD 0.56 Transaction Features: Subsequent Direct Listing공시 • Oct 12Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.68 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.68 million. Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 3,000,000 Price\Range: AUD 0.56 Transaction Features: Subsequent Direct ListingNew Risk • Sep 30New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$9.0m This is considered a minor 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 Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$9.0m). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$68.9m market cap, or US$44.3m).Reported Earnings • Sep 30Full year 2023 earnings released: AU$0.06 loss per share (vs AU$0.074 loss in FY 2022)Full year 2023 results: AU$0.06 loss per share (improved from AU$0.074 loss in FY 2022). Revenue: AU$14.5m (down 24% from FY 2022). Net loss: AU$7.73m (loss narrowed 14% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.New Risk • Sep 06New major risk - Revenue and earnings growthEarnings have declined by 26% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$75.5m market cap, or US$48.2m).New Risk • Aug 28New 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 Risk Less than 1 year of cash runway based on free cash flow trend (-AU$4.3m free cash flow). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$80.6m market cap, or US$51.7m).공시 • Jul 08Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 7 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 7 million. Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 6,481,481 Price\Range: AUD 0.54 Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 6,481,481 Price\Range: AUD 0.54 Transaction Features: Subsequent Direct ListingNew Risk • Jul 03New 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$4.3m 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 Risk Less than 1 year of cash runway based on free cash flow trend (-AU$4.3m free cash flow). Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (AU$67.9m market cap, or US$45.2m).Breakeven Date Change • Mar 31Forecast to breakeven in 2025The analyst covering Astron expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$86.0m in 2025. Average annual earnings growth of 55% is required to achieve expected profit on schedule.Reported Earnings • Feb 25First half 2023 earnings released: AU$0.041 loss per share (vs AU$0.041 loss in 1H 2022)First half 2023 results: AU$0.041 loss per share (in line with 1H 2022). Revenue: AU$6.77m (down 35% from 1H 2022). Net loss: AU$5.06m (loss widened 1.3% from 1H 2022). Revenue is forecast to grow 50% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.공시 • Feb 17Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.6094 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.6094 million. Security Name: Chess Depository Interest Security Type: Depositary Receipt (Common Stock) Securities Offered: 4,427,223 Price\Range: AUD 0.54 Security Name: Chess Depository Interest Security Type: Depositary Receipt (Common Stock) Securities Offered: 405,000 Price\Range: AUD 0.54 Transaction Features: Subsequent Direct Listing공시 • Dec 02Astron Corporation Limited Provides Update on Mineral Resource Estimate for Mining Licence MIN5532Astron Corporation Limited announced an updated Mineral Resource Estimate (MRE) for Mining Licence MIN5532, which is the site of Phase 1 of the Donald Rare Earth and Mineral Sands Project (Donald or the Donald Project). The Donald Project is an advanced, globally significant critical minerals project located 300km west- northwest of Melbourne in the Wimmera Region of Victoria. The Donald Project comprises the Donald deposit (MIN5532 and RL2002) and the Jackson deposit (RL2003) and has the benefit of a favourably assessed Victorian Environmental Effects Statement (EES), a concluded Federal Environmental Protection and Biodiversity Conservation (EPBC) Licence and a granted Mining Licence (MIN5532). It is proposed that Donald will be developed in a number of Phases. Phase 1 is centred on MIN5532 which represents only 17% of the total HM of the Donald Project Mineral Resource. The Mineral Resource Estimate is 525Mt @ 4.0% total heavy minerals (HM) containing 21Mt total HM and comprises a Measured Resource Estimate of 394Mt @ 4.2% total HM for 17Mt of contained total HM; an Indicated Resource Estimate of 110Mt @ 3.5% total HM for 4Mt of contained total HM; and an Inferred Resource Estimate of 20Mt @ 2.3% total HM for 0.5Mt of contained total HM. The MRE is based on a 245 Reverse-Circulation Air Core (RCAC) drillhole program which was completed in March 2022 1 and covered 97% of MIN5532. Analysis included sizing, heavy liquid separation (HLS) and mineralogy and was completed in October 2022. The MRE is classified and reported in accordance with the guidelines of the JORC Code (2012 edition). The March 2022 drilling and sampling program was designed to expand the resource estimation of valuable heavy minerals (VHM) within the known mineralisation of MIN5532 greater than 1% total HM in areas which had not been previously analysed for valuable heavy minerals. Analysis for xenotime and the 20 to 38 micron (µm) fine-grained fraction, which is known to contain rare earth minerals and zircon, was also included in the program. This work was carried out using industry accepted methods and practice for very fine mineral sands deposits and increases the confidence in the Mining Licence's VHM content. The results from the 2022 program also led to an update of the previous Donald Project MRE which was determined in 2016. The 2016 MRE of 2.4Bt @ 4.8% total HM 2 is now updated to 2.6Bt @ 4.6% total HM. Comparison with Previous Estimate: In 2016, AMC Consultants Pty Ltd. (AMC) prepared the previous MRE within the VHM domain (for which composited samples were analysed for zircon, ilmenite, rutile/anatase, leucoxene and monazite) in MIN5532 based on a cut-off grade of 1% total HM. The key features include: Total Mineral Resource tonnage increased by 66% to 525Mt: Total in-situ heavy mineral (HM) resource increased by 25% to 21Mt, including increased in-situ valuable mineral resources of: zircon increased by 5% to 3.4Mt; monazite increased by 18% to 376kt; and maiden in-situ xenotime resource of 136kt. There are differences in the contained ilmenite, leucoxene and rutile, mainly due to different titania mineral grouping, with an overall increase in the combined titania minerals of 3%. All sampling for total HM, slimes and oversize content has been carried out on 1m intervals down hole. Sampling from 2000 to 2015 was by collecting the entire 1m interval sample and later riffle splitting the dried sample down to size for analysis. In 2022, subsamples were collected directly from a drill rig mounted rotary splitter netting on average 1.6kg (dry) with the remainder of the sample interval also being collected for recovery analysis. Composite samples prior to 2022 were created by grouping samples' HLS sink fractions down hole based on the presence of heavy mineral (>1.5% total HM) even though the MRE models were quoted using a 1% total HM cut-off grade. In 2022 mineralogy composites were created by grouping samples' HLS sink fractions across multiple adjacent holes and also down hole within the same geological domain (where total HM is >1%). These composites were analysed by XRF, optical grain counting and QEMSCAN methods prior to 2022 and additionally by laser ablation ICP-MS in 2022. There have been multiple drilling campaigns conducted across the Donald deposit since the early 1980s. All drilling since 1987 has been conducted by licensed and trained drillers from Wallis Drilling using the reverse circulation air core (RCAC) method and NQ rods with a nominal drill bit diameter of 82mm. Assay information from drilling prior to 2004 has not been used for the resource estimate, only for geological interpretation. Sample analysis method: All of the samples from the 2022 drilling program were prepared and analysed by Bureau Veritas Minerals Pty Ltd. (BV) at their Adelaide laboratory. The samples were screened at 20µm, 250µm and 1 mm. Slimes is the -20µm fraction, oversize is the +1mm fraction and total HM was measured in the +20µm/-250µm fraction and reported as a percentage of the whole sample. For assay analysis work done prior to 2022, different in-size fractions have been used for defining analysis of the total HM contents of the whole sample processed post break up and splitting: Zirtanium 2000 and 2002 +38µm to -1mm for total HM% and mineralogy determined in +38µm to -90µm and then adjusted to % of whole sample. Zirtanium 2004 +38µm to -1mm for HM% and mineralogy determined in +38µm to -90µm and then adjusted to % of whole sample. DMS 2010 and 2015 +38µm to -90µm. All samples used for the 2022 Mineral Resource estimate were analysed for total HM content within the stated size ranges by the heavy liquid separation technique (TBE 2.936 S.G.). HLS analysis prior to 2022 was predominantly carried out by Western Geolabs Pty Ltd. in Perth, WA and Titanatek Lab in Ballina, NSW.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. 5 non-independent directors. Chairman of the Board George Lloyd 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.공시 • Oct 26Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.147603 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.147603 million. Security Name: Chess Depositary Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 3,977,042 Price\Range: AUD 0.54 Discount Per Security: AUD 0.0108 Transaction Features: Subsequent Direct Listing공시 • Oct 05+ 3 more updatesAstron Corporation Limited to Report Q1, 2023 Results on Oct 31, 2022Astron Corporation Limited announced that they will report Q1, 2023 results on Oct 31, 2022Reported Earnings • Oct 04Full year 2022 earnings released: AU$0.074 loss per share (vs AU$0.024 loss in FY 2021)Full year 2022 results: AU$0.074 loss per share (further deteriorated from AU$0.024 loss in FY 2021). Revenue: AU$19.0m (up 16% from FY 2021). Net loss: AU$9.04m (loss widened 205% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.공시 • Aug 18Astron Corporation Limited Provides Update on the Review of the Project Configuration for the Donald Mineral Sands and Rare Earth ProjectAstron Corporation Limited provided an update on the review of the project configuration for the Donald Mineral Sands and Rare Earth Project. The Donald Project is a tier-1 mineral sands and rare earth project located approximately 300 kilometres north-west of Melbourne in regional Victoria. Given its resource scale, the phased development of the Donald Project has the potential to represent a globally significant, long-life supply of the critical mineral elements of zirconium, titanium, neodymium and praseodymium (rare earth elements). Project Review Rationale: As previously advised, the Board of Astron considered it appropriate to undertake a comprehensive review of project parameters of the Donald Project as part of defining the final parameters for the Feasibility Study, scheduled for completion at the end of the first quarter of 2023. The review was undertaken with a view to establishing the least risk path towards the commercialization of the Phase 1 development of the Project on Mineral Licence 5532 (MIN5532), while maintaining flexibility to deliver the value that the development of the broader tenement resources is expected to represent. This review has had several objectives, including: Aligning the Phase 1 Project configuration, including physical infrastructure and site services, with the requirements of the Environmental Effects Statement (EES), so as to minimise the risks and time involved in securing the remaining regulatory approvals (most notably, the Work Plan); identifying opportunities to improve the capital-efficiency of the Project; mitigating project execution risks, particularly in terms of the sourcing and procuring of long lead time items; and maintaining the flexibility for subsequent phases of the Project to recover the remaining Resource base and/or enable higher production output, including by consideration of the on- site production of final mineral sands products (subject to further regulatory approvals at a later stage). Project Review Principal Outcomes: The main review outcomes include: Reduction in ore throughput to 7.5 million tonnes per annum (Mtpa) from 12.5 Mtpa, resulting in a roughly proportionate decrease in HMC and finished product production; production on-site of two product streams: a rare earth element concentrate (REEC) and a valuable heavy mineral concentrate (HMC), instead of the separation of the HMC on-site to produce zircon and titania (66% TiO2 content) final products; the elimination of an on-site Wet High Intensity Magnetic System (WHIMS) plant and a dry mineral separation plant; off-site processing of the HMC product to final zircon and titania products by either a third- party separation facility, or (subject to further evaluation) at the Company's minerals processing facilities at Yingkou, China or a combination of both; and reduction in the scale of the footprint of the processing plant and associated facilities with an attendant reduction in materials required during the construction phase. A preliminary estimate of average annual production for Phase 1 operations over 35 years is between 250 300 thousand tonnes per annum (ktpa) of HMC and 710 kpta of REEC. As detailed below, these preliminary estimates are subject to refinement associated with further geological analysis of the March 2022 drilling programme data, which addressed a finer +2038 micron fraction of the ore body and, in turn, the total valuable heavy mineral (VHM), as well as rare earth element (including xenotime), component of the ore body. This analysis, which is expected to result in an updated Mineral Resource Statement in the fourth quarter of 2022, provides the potential for an increase in both the volume and value of minerals recovered in the production process. Staged Development Approach: The Donald Project is based on the staged development of the mineral resources contained within the retention licences RL2002 and RL2003 (See Appendix 1 Donald Project Tenement Map). Phase 1 of the Project will be undertaken on the Mining Licence MIN5532 which is contained wholly within RL2002. MIN5532 contains VHM Resources of 317 Mt at an average HM grade of 5.3%. At the proposed ore production rate of 7.5 Mtpa, this will support a mine-life of approximately 35 years. Phase 1 development is planned to access approximately 13% of the total Ore Resources for the Donald and Jackson tenements within the total licence areas. RL2002 and RL2003 contain a combined Mineral Resources of 2.4 billion tonnes at a heavy mineral (HM) grade of 4.8%. At a zircon assemblage of 19%, Phase 1 of the Donald Project contains in-situ zircon resources of 22.1 Mt, representing the largest undeveloped zircon deposit globally.2 Future potential phases of mine development on RL2002 and RL2003, including the on-site separation of HMC into its constituent zircon and titania products, are under consideration. It is expected that decisions to progress further production outcomes will be taken after Phase 1 operations are underway and will be subject to further regulatory approvals. Astron expects the phased development approach will deliver material, long-term value.공시 • Jul 21Astron Corporation Limited Appoints Greg Bell as Chief Financial OfficerAstron Corporation Limited announced the appointment of Greg Bell as Chief Financial Officer. Greg has finance and accounting experience spanning more than 21 years, working initially in corporate advisory and assurance services with Deloitte Touche Tohmatsu, followed by eight years with Mineral Deposits Limited (MDL) as Accounting Manager and then Chief Financial Officer. Subsequent to MDL, Greg held both consulting and executive roles with international mineral sands and resource companies, including in the critical minerals sector. Greg brings a depth of experience in the mineral sands sector. As Chief Financial Officer of Mineral Deposits Limited, which operated a Senegalese dredge mining operation and a titanium smelter in Norway, Greg had direct responsibility for all financial and accounting aspects of the business, including financial and management systems, budgeting, cost control and operational improvement, as well as statutory financial reporting. Greg has also had extensive engagement with mineral sands customers and understands the sector's market dynamics.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. 5 non-independent directors. Chairman of the Board George Lloyd 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.공시 • Feb 01Astron Corporation Limited announced that it expects to receive AUD 5 million in funding from Collins Street Securities Pty LimitedAstron Corporation Limited announced a private placement of convertible notes for gross proceeds of AUD 5 million from Collins Street Securities Pty Limited on February 1, 2022. The notes issuance is subject to shareholder approval and other customary conditions precedent. The notes have a term of two years and are convertible into ordinary shares of the company at AUD 0.54 per share, representing a 24% premium over the trailing 60-day VWAP. The notes carry a 10% per annum coupon with the full amount capitalized to the loan balance.분석 기사 • Nov 24Is Astron (ASX:ATR) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Board Change • Oct 19No 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. 5 non-independent directors. Non-Executive Director George Lloyd 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.Reported Earnings • Oct 01Full year 2021 earnings releasedThe company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$16.4m (up 95% from FY 2020). Net loss: AU$651.2k (loss narrowed 90% from FY 2020).공시 • May 15Astron Corporation Limited Provides an Update on Donald Minerals Sands ProjectAstron Corporation Limited announced the results of metallurgical test work relating to its Donald mineral sands project, located in regional Victoria. Pilot scale process work has been undertaken on 1,000 tons (t) of ore recovered from a test pit and subsequently produced a 24 ton sample of heavy mineral concentrate (HMC) for purposes of pilot testing the processing of HMC into final product streams. The metallurgical test work has been undertaken at facilities operated by Mineral Technologies. The test work and evaluation has included the production of zircon, a titania (titanium dioxide) concentrate, and a rare earth element (REE) concentrate. The work represents a key part of the work stream for the potential commercialisation of the Donald resource; one of the largest undeveloped mineral sands ore bodies globally. The metallurgical test work forms an integral part of determining the full scope of the Donald mineral sands project, including: rare earth recovery; zircon and titania production stream and product specifications (suitable for customer testing and offtake arrangements); determination of concentrating and processing flow sheet and configuration on site; further pilot work and the move to a detailed feasibility study during 2021 to allow completion of project economics for determination of project funding strategies. The Donald mineral sands project is located in the Wimmera region of Victoria, 60 kilometres from Horsham and near the township of Minyip. Donald represents one of the largest known zircon and titanium ore bodies in the world and a potentially significant new source of global supply. Based on an Ore Reserve Update, as announced on 18 February 2021, the Donald project area holds Ore Reserves of 602 million tonnes (mt) of ore with an average heavy mineral (HM) grade of 4.8% consisting of 310 mt of proved ore and 292 mt of probable ore. In total, the ore reserves equates to an approximate, in-situ ore body of 28.9 Mt of heavy minerals, comprised: 5.4 mt of zircon; 9.2 mt of ilmenite; 8 mt of higher titanium content products of rutile and leucoxene (Hi-Ti), as well as a significant REE component of 491 thousand tonnes (kt). It is likely that the Donald project will produce four main product streams: a premium, ceramic grade zircon (expected to be 80% of total zircon, or ~95ktpa -100ktpa during Stage 1); a zircon 60 product (~20 - 25ktpa); a combined titania product, with a 65% titanium dioxide content (>200ktpa), suitable for slag production for both chloride and sulphate pigment production; and a REE concentrate (~15ktpa). Astron is now investigating a pit to final product on site, allowing the capture of the value-adding processing component within Australia (as opposed to offshore processing of HMC). The initial stage of the planned Donald project will involve the mining and processing of the Ore Reserves contained within ML5532, located wholly within RL2002 (refer tenement map below). Mining operations are then planned to extend into the remainder of RL2002. The current Ore Reserves for the project encompass only RL2002; while a Mineral Resources is available for the entire area including RL2003.공시 • May 12+ 1 more updateAstron Corporation Limited Updates Donald Project Premium Zircon Test ResultsAstron Corporation Limited previously announced on 8 April 2021 the results of certain test work on initial zircon test products. This announcement is being rereleased as Astron has been advised that certain additional information was required to be included in this announcement. Accordingly, Astron updates and announces the results of test work conducted at the company's China test facilities on initial zircon test product produced from its Donald mineral sands deposit, in regional Victoria. The test work results, designed to test a key requirement for the use of zircon in ceramic applications, are favourable and demonstrate that a major proportion of the zircon production stream will be of a premium grade zircon, which is suitable for use in the high value ceramic market as a whitening agent and opacifier. Zircon in ceramic applications (tiles, sanitary ware and other ceramic uses) can form part of engobes (layer coatings), glazes and frits. Premium zircon (defined by ZrO2 content of higher than 66%) is sought for ceramic applications and typically achieves a higher price to standard and chemical grade zircon products. The production of the Donald premium zircon will not require additional acid leaching treatment for impurities such as iron oxide, aluminium oxide and titanium dioxide, as can be the case to produce a premium product. The Donald project represents one of the largest known zircon and titanium ore bodies in the world and a potentially significant new source of global supply. As announced on 18 February 2021, the Donald deposit currently contains Ore Reserves of 310 million tonnes (mt) of proved ore and 292 mt of probable ore, totalling 602 mt of ore with an average heavy mineral (HM) grade of 4.8%. This equates to an approximate, in-situ ore body of 28.9 mt of heavy minerals, comprised: 5.4 mt of zircon; 9.2 mt of ilmenite; 8 mt of higher titanium content products of rutile and leucoxene, as well as a significant rare earth element component of approximately 490 thousand tonnes. Astron recently released metallurgical test work results associated with the mineral processing of a sample of heavy mineral concentrate produced from ore recovered from a test pit on the Donald deposit. Subsequent to this test work - which demonstrated the ability to achieve commercial level recoveries of the main mineral sands products, including a zircon stream - Astron has conducted laboratory test work on the Donald zircon.분석 기사 • Apr 12We Think Astron (ASX:ATR) Has A Fair Chunk Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...공시 • Feb 18Astron Corporation Limited Appoints Tiger Brown as the Managing Director of AstronAstron Corporation Limited appointed Mr. Tiger Brown as the Managing Director of Astron, effective immediately. Tiger was appointed a director in December 2019 and has been serving as an Executive Director since that time, with responsibility for direct oversight of the company over recent months.공시 • Jan 25Astron Corporation Limited Appoints Mark Elliott as a Non-Executive DirectorAstron Corporation Limited announced that it has appointed Dr. Mark Elliott as a non-executive director of Astron, effective immediately. Dr. Elliott's appointment forms part of Astron's efforts to enhance its board capabilities as it advances the final scoping and evaluation of its major Donald Mineral Sands project. Dr. Elliot has or has held numerous non-executive directorships, which currently include Nexus Minerals Limited and Aruma Resources Limited.분석 기사 • Dec 28Is Astron (ASX:ATR) Weighed On By Its Debt Load?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...공시 • Oct 04+ 3 more updatesAstron Corporation Limited to Report First Half, 2021 Results on Feb 27, 2021Astron Corporation Limited announced that they will report first half, 2021 results on Feb 27, 2021매출 및 비용 세부 내역Astron가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이ASX:ATR 매출, 비용 및 순이익 (AUD Millions)날짜매출순이익일반관리비연구개발비31 Dec 25132011030 Sep 25122010030 Jun 2511209031 Mar 2510515031 Dec 2410-1020030 Sep 2411-1820030 Jun 2412-2620031 Mar 2413-1813031 Dec 2314-107030 Sep 2314-97030 Jun 2314-87031 Mar 2315-87031 Dec 2215-98030 Sep 2217-98030 Jun 2219-99031 Mar 2218-98031 Dec 2118-107030 Sep 2117-66030 Jun 2116-35031 Mar 2115-25031 Dec 2013-25030 Sep 2011-45030 Jun 208-65031 Mar 209-55031 Dec 199-34030 Sep 198-34030 Jun 198-24031 Mar 198-45031 Dec 188-55030 Sep 186-54030 Jun 185-54031 Mar 184-24031 Dec 17304030 Sep 173-15030 Jun 172-35031 Mar 171-45031 Dec 160-55030 Sep 160-55030 Jun 160-44031 Mar 16115031 Dec 15166030 Sep 15276030 Jun 152860양질의 수익: ATR의 비현금 수익 수준이 높습니다.이익 마진 증가: ATR는 과거에 흑자전환했습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: ATR는 지난 5년 동안 흑자전환하며 연평균 25.5%의 수익 성장을 기록했습니다.성장 가속화: ATR는 지난해 흑자전환하여 5년 평균과 수익 성장률을 비교하기 어렵습니다.수익 대 산업: ATR는 지난해 흑자전환하여 지난 해 수익 성장률을 Metals and Mining 업계(59.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: ATR의 자본 수익률(15.2%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/29 17:06종가2026/05/29 00:00수익2025/12/31연간 수익2025/06/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Astron Corporation Limited는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Paul HisseyGoldman SachsAnnabelle SleemanMorgans Financial Limited
Reported Earnings • Sep 17Full year 2025 earnings released: EPS: AU$0.10 (vs AU$0.16 loss in FY 2024)Full year 2025 results: EPS: AU$0.10 (up from AU$0.16 loss in FY 2024). Net income: AU$19.7m (up AU$44.5m from FY 2024). Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 26First half 2025 earnings released: EPS: AU$0.045 (vs AU$0.046 loss in 1H 2024)First half 2025 results: EPS: AU$0.045 (up from AU$0.046 loss in 1H 2024). Revenue: AU$4.06m (down 35% from 1H 2024). Net income: AU$8.35m (up AU$15.3m from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year.
Reported Earnings • Sep 17Full year 2024 earnings released: AU$0.16 loss per share (vs AU$0.06 loss in FY 2023)Full year 2024 results: AU$0.16 loss per share (further deteriorated from AU$0.06 loss in FY 2023). Revenue: AU$12.2m (down 16% from FY 2023). Net loss: AU$24.9m (loss widened 222% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
Reported Earnings • Sep 30Full year 2023 earnings released: AU$0.06 loss per share (vs AU$0.074 loss in FY 2022)Full year 2023 results: AU$0.06 loss per share (improved from AU$0.074 loss in FY 2022). Revenue: AU$14.5m (down 24% from FY 2022). Net loss: AU$7.73m (loss narrowed 14% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 25First half 2023 earnings released: AU$0.041 loss per share (vs AU$0.041 loss in 1H 2022)First half 2023 results: AU$0.041 loss per share (in line with 1H 2022). Revenue: AU$6.77m (down 35% from 1H 2022). Net loss: AU$5.06m (loss widened 1.3% from 1H 2022). Revenue is forecast to grow 50% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.
공시 • Oct 05+ 3 more updatesAstron Corporation Limited to Report Q1, 2023 Results on Oct 31, 2022Astron Corporation Limited announced that they will report Q1, 2023 results on Oct 31, 2022
Price Target Changed • Mar 11Price target decreased by 44% to AU$0.90Down from AU$1.60, the current price target is provided by 1 analyst. New target price is 32% above last closing price of AU$0.68. Stock is up 45% over the past year. The company posted earnings per share of AU$0.10 last year.
공시 • Jan 12Astron Limited Announces Appointment of Catherine Costello as Non-Executive Director, Effective January 12, 2026Astron Limited has appointed Ms. Catherine Costello as a non-executive director, effective January 12, 2026. Ms. Costello brings more than 25 years of experience in Australian and multinational resource businesses, including large ASX-listed and US-listed entities, in which she has held key executive roles with responsibility for financial management, strategic development and governance. She has been closely involved in strategic decision making and transformative business processes and has led significant corporate transactions. Her board experience includes executive and non-executive director roles as well as providing independent advisory services while chairing board committees. Ms. Costello is currently employed by Ok Tedi Mining Limited as General Manager, Project Financing and Strategy. Prior to this, her role at Ok Tedi Mining was Chief Financial Officer and General Manager People and Commercial. Ms. Costello is a Chartered Accountant and Chartered Secretary. She is a graduate of both the Australian Institute of Company Directors and the Governance Institute of Australia and holds the degrees of Bachelor of Commerce and Master of Science (Mineral Economics). Ms. Costello presently serves as a non-executive director and chair of the Audit Committee of ASX-listed Horizon Oil Limited.
공시 • Oct 24Astron Corporation Limited, Annual General Meeting, Nov 25, 2025Astron Corporation Limited, Annual General Meeting, Nov 25, 2025. Location: bdo melbourne, tower 4, level 18, 727 collins street, docklands, victoria3008, Australia
공시 • Oct 21Energy Fuels Inc. and Astron Limited Announce Conditional Letter of Support for the Donald ProjectEnergy Fuels Inc. and Astron Limited announced that they have received a non-binding and conditional Letter of Support from Export Finance Australia (EFA) (dated 21 October 2025), for up to AUD 80 million in respect of senior debt project financing for the development of the Donald Rare Earth and Mineral Sands Project ("Donald Project"). The Donald Project total funding requirement is estimated to be AUD520mm based on the latest project parameters released in July 2025, The joint venture is targeting a 50%: 50% debt-to-equity gearing ratio and is working with other Export Credit Agencies and senior lenders to confirm the syndicate that will provide the project financing facility for the Donald Project. EFA is Australia's export credit agency, providing commercial finance for export trade and overseas infrastructure development. The shovel ready Donald Project is one of Australia's most advanced critical mineral projects, targeting the production of rare earth elements (REEs), which are expected to be shipped to Energy Fuels' mineral processing facility in the U.S. for production of advanced REE materials, and zircon-rich heavy mineral concentrates for global supply chains. Production is planned to commence as early as H2 2027, subject to securing project financing and completion of a positive final investment decision ("FID") for the Project. With 100% of the Project's Rare Earth Element Concentrate ("REEC") subject to a life-of-mine offtake agreement with Energy Fuels, the Donald Project, once developed and brought into production, will strengthen global supply chain resilience for Western and partner nations. When in production, Phase 1 of the Donald Project is expected to produce on average 7.2 thousand tonnes (" ktpa") of REEC per annum containing both light and highly strategic heavy rare earths, including up to 1,000t of Neodymium-Praseodymium ("NdPr") oxides, 92t of Dysprosium (Dy) oxide, and 16t of Terbium (Tb) oxides per year. Energy Fuels' White Mesa Mill ("Mill") in Utah, USA has the current capacity to process all of the Donald Project's Phase 1 REEC production and extract the light and heavy REEs. The Mill also has the current capacity to produce up to 1,000t the separated Dy, Tb, and potentially other heavy REE oxides as soon as late 2026. Based on the revised project economic parameters, which were announced on 23 July 2025, the Project's indicative forecast total funding requirement is AUD520 million (in nominal terms) including capital expenditures and start-up working capital, as well as AUD 44 million of indicative finance costs, fees and interest during the construction period, and funding reserves, based on targeting a base case 50%:50% debt-to equity ratio.ron will continue to work with its debt advisor, ICA Partners, on the arrangement of debt funding for the Donald Project. This announcement is authorised for release by the Managing Director of Astron and CEO of Energy Fuels.
New Risk • Sep 18New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 129% 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 Share price has been highly volatile over the past 3 months (22% average weekly change). High level of non-cash earnings (29% accrual ratio). Shareholders have been substantially diluted in the past year (129% increase in shares outstanding).
Reported Earnings • Sep 17Full year 2025 earnings released: EPS: AU$0.10 (vs AU$0.16 loss in FY 2024)Full year 2025 results: EPS: AU$0.10 (up from AU$0.16 loss in FY 2024). Net income: AU$19.7m (up AU$44.5m from FY 2024). Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
New Risk • Sep 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 Risk Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (AU$9.0m net loss in 3 years). Market cap is less than US$100m (AU$87.9m market cap, or US$58.5m).
공시 • Jun 26Energy Fuels' Donald Rare Earth and Mineral Sand Joint Venture in Australia Receives Final Major Regulatory ApprovalsEnergy Fuels Inc. announce that the Government of Victoria, Australia has approved the Work Plan for the construction and operation of the Donald Rare Earth and Mineral Sand Project (the "Donald Project") located in the Wimmera region of Victoria. This is the final major regulatory approval required to construct and operate the Donald Project. It enables the finalization of critical activities, including arrangements for debt and equity financing, before a final investment decision ("FID") can be made. The Donald Project is a joint venture ("JV") between US-based Energy Fuels and Australia-based Astron Corporation Limited ("Astron"), under which Energy Fuels has the right to invest a total of AUD 183 million (USD 119 million at current exchange rates), plus issuance of USD 17.5 million of common shares, to earn up to a 49% interest in the project. The Donald Project is expected to provide Energy Fuels with a low-cost and long-term allied supply of monazite- and xenotime-bearing REE mineral concentrate ("REEC"), which the Company plans to import into the U.S. for processing into high-purity separated REEs at the Company's White Mesa Mill in Utah (the "Mill"), including neodymium-praseodymium ("NdPr"), terbium ("Tb"), dysprosium ("Dy"), and potentially samarium ("Sm") and others. Once in operation, the Donald Project JV will sell: (i) all the REEC to Energy Fuels at then-prevailing market prices and (ii) the titanium and zircon heavy mineral sand concentrate ("HMC") to Astron or other global customers. Following payment of all JV expenses, all profits from the JV will be distributed to Energy Fuels and Astron, pro rata according to their respective ownership interests. This arrangement is expected to provide Energy Fuels with a low-cost and large-scale source of REE feedstock for several decades. This June 3, 2024 news release describes additional terms of the JV. Phase 1 of the Donald Project is expected to supply Energy Fuels with approximately 7,000 – 8,000 metric tons ("tonnes") of REEC per year ("Donald – Phase 1"), commencing as early as 2026. 8,000 tonnes of REEC from the Donald Project would contain approximately 4,700 tonnes of total REE oxides ("TREO"), including roughly 990 tonnes of separated NdPr, 84 tonnes of Dy oxide, and 14 tonnes of Tb oxide. Energy Fuels has the current installed "Phase 1" capacity at the Mill in Utah to process the Donald – Phase 1 quantities of REEC into separated NdPr, along with a samarium-plus ("Sm+") REE concentrate. The Sm+ concentrate would be stockpiled at the Mill for future processing into separated "mid" and "heavy" REE oxides in the planned Phase 2 expansion of the Mill (the "Phase 2 Mill Expansion").
New Risk • Jun 25New 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 19% 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 (19% average weekly change). Earnings have declined by 29% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Significant insider selling over the past 3 months (AU$1m sold). Market cap is less than US$100m (AU$133.9m market cap, or US$87.0m).
분석 기사 • Apr 18Is Astron (ASX:ATR) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Recent Insider Transactions • Mar 20MD, CEO & Executive Director recently sold AU$3.1m worth of stockOn the 17th of March, Tiger Brown sold around 6m shares on-market at roughly AU$0.52 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Tiger has been a net seller over the last 12 months, reducing personal holdings by AU$2.9m.
Reported Earnings • Feb 26First half 2025 earnings released: EPS: AU$0.045 (vs AU$0.046 loss in 1H 2024)First half 2025 results: EPS: AU$0.045 (up from AU$0.046 loss in 1H 2024). Revenue: AU$4.06m (down 35% from 1H 2024). Net income: AU$8.35m (up AU$15.3m from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year.
공시 • Dec 05Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 11.545191 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 11.545191 million. Security Name: CHESS DEPOSITARY INTERESTS Security Type: Depositary Receipt (Common Stock) Securities Offered: 15,219,986 Price\Range: AUD 0.66 Discount Per Security: AUD 0.0396 Security Name: CHESS DEPOSITARY INTERESTS Security Type: Depositary Receipt (Common Stock) Securities Offered: 2,272,727 Price\Range: AUD 0.66 Discount Per Security: AUD 0.0396 Transaction Features: Rights Offering
공시 • Nov 13Astron Corporation Limited, Annual General Meeting, Dec 05, 2024Astron Corporation Limited, Annual General Meeting, Dec 05, 2024. Location: at bdo melbourne, tower 4, level 18, 727 collins street, docklands, victoria 3008, Australia
공시 • Oct 24Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 3 million. Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 4,545,455 Price\Range: AUD 0.66 Transaction Features: Subsequent Direct Listing
공시 • Oct 17+ 1 more updateAstron Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 10.045133 million.Astron Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 10.045133 million. Security Name: CHESS DEPOSITARY INTERESTS Security Type: Depositary Receipt (Common Stock) Securities Offered: 15,219,898 Price\Range: AUD 0.66 Transaction Features: Rights Offering
Reported Earnings • Sep 17Full year 2024 earnings released: AU$0.16 loss per share (vs AU$0.06 loss in FY 2023)Full year 2024 results: AU$0.16 loss per share (further deteriorated from AU$0.06 loss in FY 2023). Revenue: AU$12.2m (down 16% from FY 2023). Net loss: AU$24.9m (loss widened 222% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings.
공시 • Mar 28Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 10 million. Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 5,357,143 Price\Range: AUD 0.56 Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 7,142,857 Price\Range: AUD 0.56 Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 5,357,143 Price\Range: AUD 0.56 Transaction Features: Subsequent Direct Listing
공시 • Dec 04Astron Corporation Limited, Annual General Meeting, Dec 28, 2023Astron Corporation Limited, Annual General Meeting, Dec 28, 2023, at 11:00 China Standard Time. Location: Rooms 43A & 23B, Level 43, champion tower, No. 3 Garden road Central Hong Kong Agenda: To consider and approve the Director report and financial report for the year ended 30 June 2023; to consider and approve the election of Director; to consider and approve the appointment of Director; to consider and approve the remuneration report; to consider and approve the ratification of prior issue of shares; to consider and approve to issue of 15% of securities; and to consider and approve the change in performance rights plan.
공시 • Nov 23Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.68 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.68 million. Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 3,000,000 Price\Range: AUD 0.56 Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 1,785,714 Price\Range: AUD 0.56 Transaction Features: Subsequent Direct Listing
공시 • Nov 09Astron Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 10.000001 million.Astron Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 10.000001 million. Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 10,714,286 Price\Range: AUD 0.56 Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 7,142,858 Price\Range: AUD 0.56 Transaction Features: Subsequent Direct Listing
공시 • Oct 12Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.68 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.68 million. Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 3,000,000 Price\Range: AUD 0.56 Transaction Features: Subsequent Direct Listing
New Risk • Sep 30New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$9.0m This is considered a minor 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 Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$9.0m). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$68.9m market cap, or US$44.3m).
Reported Earnings • Sep 30Full year 2023 earnings released: AU$0.06 loss per share (vs AU$0.074 loss in FY 2022)Full year 2023 results: AU$0.06 loss per share (improved from AU$0.074 loss in FY 2022). Revenue: AU$14.5m (down 24% from FY 2022). Net loss: AU$7.73m (loss narrowed 14% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
New Risk • Sep 06New major risk - Revenue and earnings growthEarnings have declined by 26% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 26% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$75.5m market cap, or US$48.2m).
New Risk • Aug 28New 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 Risk Less than 1 year of cash runway based on free cash flow trend (-AU$4.3m free cash flow). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$80.6m market cap, or US$51.7m).
공시 • Jul 08Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 7 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 7 million. Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 6,481,481 Price\Range: AUD 0.54 Security Name: Chess Depository Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 6,481,481 Price\Range: AUD 0.54 Transaction Features: Subsequent Direct Listing
New Risk • Jul 03New 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$4.3m 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 Risk Less than 1 year of cash runway based on free cash flow trend (-AU$4.3m free cash flow). Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (AU$67.9m market cap, or US$45.2m).
Breakeven Date Change • Mar 31Forecast to breakeven in 2025The analyst covering Astron expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$86.0m in 2025. Average annual earnings growth of 55% is required to achieve expected profit on schedule.
Reported Earnings • Feb 25First half 2023 earnings released: AU$0.041 loss per share (vs AU$0.041 loss in 1H 2022)First half 2023 results: AU$0.041 loss per share (in line with 1H 2022). Revenue: AU$6.77m (down 35% from 1H 2022). Net loss: AU$5.06m (loss widened 1.3% from 1H 2022). Revenue is forecast to grow 50% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Australia are expected to remain flat.
공시 • Feb 17Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.6094 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.6094 million. Security Name: Chess Depository Interest Security Type: Depositary Receipt (Common Stock) Securities Offered: 4,427,223 Price\Range: AUD 0.54 Security Name: Chess Depository Interest Security Type: Depositary Receipt (Common Stock) Securities Offered: 405,000 Price\Range: AUD 0.54 Transaction Features: Subsequent Direct Listing
공시 • Dec 02Astron Corporation Limited Provides Update on Mineral Resource Estimate for Mining Licence MIN5532Astron Corporation Limited announced an updated Mineral Resource Estimate (MRE) for Mining Licence MIN5532, which is the site of Phase 1 of the Donald Rare Earth and Mineral Sands Project (Donald or the Donald Project). The Donald Project is an advanced, globally significant critical minerals project located 300km west- northwest of Melbourne in the Wimmera Region of Victoria. The Donald Project comprises the Donald deposit (MIN5532 and RL2002) and the Jackson deposit (RL2003) and has the benefit of a favourably assessed Victorian Environmental Effects Statement (EES), a concluded Federal Environmental Protection and Biodiversity Conservation (EPBC) Licence and a granted Mining Licence (MIN5532). It is proposed that Donald will be developed in a number of Phases. Phase 1 is centred on MIN5532 which represents only 17% of the total HM of the Donald Project Mineral Resource. The Mineral Resource Estimate is 525Mt @ 4.0% total heavy minerals (HM) containing 21Mt total HM and comprises a Measured Resource Estimate of 394Mt @ 4.2% total HM for 17Mt of contained total HM; an Indicated Resource Estimate of 110Mt @ 3.5% total HM for 4Mt of contained total HM; and an Inferred Resource Estimate of 20Mt @ 2.3% total HM for 0.5Mt of contained total HM. The MRE is based on a 245 Reverse-Circulation Air Core (RCAC) drillhole program which was completed in March 2022 1 and covered 97% of MIN5532. Analysis included sizing, heavy liquid separation (HLS) and mineralogy and was completed in October 2022. The MRE is classified and reported in accordance with the guidelines of the JORC Code (2012 edition). The March 2022 drilling and sampling program was designed to expand the resource estimation of valuable heavy minerals (VHM) within the known mineralisation of MIN5532 greater than 1% total HM in areas which had not been previously analysed for valuable heavy minerals. Analysis for xenotime and the 20 to 38 micron (µm) fine-grained fraction, which is known to contain rare earth minerals and zircon, was also included in the program. This work was carried out using industry accepted methods and practice for very fine mineral sands deposits and increases the confidence in the Mining Licence's VHM content. The results from the 2022 program also led to an update of the previous Donald Project MRE which was determined in 2016. The 2016 MRE of 2.4Bt @ 4.8% total HM 2 is now updated to 2.6Bt @ 4.6% total HM. Comparison with Previous Estimate: In 2016, AMC Consultants Pty Ltd. (AMC) prepared the previous MRE within the VHM domain (for which composited samples were analysed for zircon, ilmenite, rutile/anatase, leucoxene and monazite) in MIN5532 based on a cut-off grade of 1% total HM. The key features include: Total Mineral Resource tonnage increased by 66% to 525Mt: Total in-situ heavy mineral (HM) resource increased by 25% to 21Mt, including increased in-situ valuable mineral resources of: zircon increased by 5% to 3.4Mt; monazite increased by 18% to 376kt; and maiden in-situ xenotime resource of 136kt. There are differences in the contained ilmenite, leucoxene and rutile, mainly due to different titania mineral grouping, with an overall increase in the combined titania minerals of 3%. All sampling for total HM, slimes and oversize content has been carried out on 1m intervals down hole. Sampling from 2000 to 2015 was by collecting the entire 1m interval sample and later riffle splitting the dried sample down to size for analysis. In 2022, subsamples were collected directly from a drill rig mounted rotary splitter netting on average 1.6kg (dry) with the remainder of the sample interval also being collected for recovery analysis. Composite samples prior to 2022 were created by grouping samples' HLS sink fractions down hole based on the presence of heavy mineral (>1.5% total HM) even though the MRE models were quoted using a 1% total HM cut-off grade. In 2022 mineralogy composites were created by grouping samples' HLS sink fractions across multiple adjacent holes and also down hole within the same geological domain (where total HM is >1%). These composites were analysed by XRF, optical grain counting and QEMSCAN methods prior to 2022 and additionally by laser ablation ICP-MS in 2022. There have been multiple drilling campaigns conducted across the Donald deposit since the early 1980s. All drilling since 1987 has been conducted by licensed and trained drillers from Wallis Drilling using the reverse circulation air core (RCAC) method and NQ rods with a nominal drill bit diameter of 82mm. Assay information from drilling prior to 2004 has not been used for the resource estimate, only for geological interpretation. Sample analysis method: All of the samples from the 2022 drilling program were prepared and analysed by Bureau Veritas Minerals Pty Ltd. (BV) at their Adelaide laboratory. The samples were screened at 20µm, 250µm and 1 mm. Slimes is the -20µm fraction, oversize is the +1mm fraction and total HM was measured in the +20µm/-250µm fraction and reported as a percentage of the whole sample. For assay analysis work done prior to 2022, different in-size fractions have been used for defining analysis of the total HM contents of the whole sample processed post break up and splitting: Zirtanium 2000 and 2002 +38µm to -1mm for total HM% and mineralogy determined in +38µm to -90µm and then adjusted to % of whole sample. Zirtanium 2004 +38µm to -1mm for HM% and mineralogy determined in +38µm to -90µm and then adjusted to % of whole sample. DMS 2010 and 2015 +38µm to -90µm. All samples used for the 2022 Mineral Resource estimate were analysed for total HM content within the stated size ranges by the heavy liquid separation technique (TBE 2.936 S.G.). HLS analysis prior to 2022 was predominantly carried out by Western Geolabs Pty Ltd. in Perth, WA and Titanatek Lab in Ballina, NSW.
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. 5 non-independent directors. Chairman of the Board George Lloyd 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.
공시 • Oct 26Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.147603 million.Astron Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 2.147603 million. Security Name: Chess Depositary Interests Security Type: Depositary Receipt (Common Stock) Securities Offered: 3,977,042 Price\Range: AUD 0.54 Discount Per Security: AUD 0.0108 Transaction Features: Subsequent Direct Listing
공시 • Oct 05+ 3 more updatesAstron Corporation Limited to Report Q1, 2023 Results on Oct 31, 2022Astron Corporation Limited announced that they will report Q1, 2023 results on Oct 31, 2022
Reported Earnings • Oct 04Full year 2022 earnings released: AU$0.074 loss per share (vs AU$0.024 loss in FY 2021)Full year 2022 results: AU$0.074 loss per share (further deteriorated from AU$0.024 loss in FY 2021). Revenue: AU$19.0m (up 16% from FY 2021). Net loss: AU$9.04m (loss widened 205% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings.
공시 • Aug 18Astron Corporation Limited Provides Update on the Review of the Project Configuration for the Donald Mineral Sands and Rare Earth ProjectAstron Corporation Limited provided an update on the review of the project configuration for the Donald Mineral Sands and Rare Earth Project. The Donald Project is a tier-1 mineral sands and rare earth project located approximately 300 kilometres north-west of Melbourne in regional Victoria. Given its resource scale, the phased development of the Donald Project has the potential to represent a globally significant, long-life supply of the critical mineral elements of zirconium, titanium, neodymium and praseodymium (rare earth elements). Project Review Rationale: As previously advised, the Board of Astron considered it appropriate to undertake a comprehensive review of project parameters of the Donald Project as part of defining the final parameters for the Feasibility Study, scheduled for completion at the end of the first quarter of 2023. The review was undertaken with a view to establishing the least risk path towards the commercialization of the Phase 1 development of the Project on Mineral Licence 5532 (MIN5532), while maintaining flexibility to deliver the value that the development of the broader tenement resources is expected to represent. This review has had several objectives, including: Aligning the Phase 1 Project configuration, including physical infrastructure and site services, with the requirements of the Environmental Effects Statement (EES), so as to minimise the risks and time involved in securing the remaining regulatory approvals (most notably, the Work Plan); identifying opportunities to improve the capital-efficiency of the Project; mitigating project execution risks, particularly in terms of the sourcing and procuring of long lead time items; and maintaining the flexibility for subsequent phases of the Project to recover the remaining Resource base and/or enable higher production output, including by consideration of the on- site production of final mineral sands products (subject to further regulatory approvals at a later stage). Project Review Principal Outcomes: The main review outcomes include: Reduction in ore throughput to 7.5 million tonnes per annum (Mtpa) from 12.5 Mtpa, resulting in a roughly proportionate decrease in HMC and finished product production; production on-site of two product streams: a rare earth element concentrate (REEC) and a valuable heavy mineral concentrate (HMC), instead of the separation of the HMC on-site to produce zircon and titania (66% TiO2 content) final products; the elimination of an on-site Wet High Intensity Magnetic System (WHIMS) plant and a dry mineral separation plant; off-site processing of the HMC product to final zircon and titania products by either a third- party separation facility, or (subject to further evaluation) at the Company's minerals processing facilities at Yingkou, China or a combination of both; and reduction in the scale of the footprint of the processing plant and associated facilities with an attendant reduction in materials required during the construction phase. A preliminary estimate of average annual production for Phase 1 operations over 35 years is between 250 300 thousand tonnes per annum (ktpa) of HMC and 710 kpta of REEC. As detailed below, these preliminary estimates are subject to refinement associated with further geological analysis of the March 2022 drilling programme data, which addressed a finer +2038 micron fraction of the ore body and, in turn, the total valuable heavy mineral (VHM), as well as rare earth element (including xenotime), component of the ore body. This analysis, which is expected to result in an updated Mineral Resource Statement in the fourth quarter of 2022, provides the potential for an increase in both the volume and value of minerals recovered in the production process. Staged Development Approach: The Donald Project is based on the staged development of the mineral resources contained within the retention licences RL2002 and RL2003 (See Appendix 1 Donald Project Tenement Map). Phase 1 of the Project will be undertaken on the Mining Licence MIN5532 which is contained wholly within RL2002. MIN5532 contains VHM Resources of 317 Mt at an average HM grade of 5.3%. At the proposed ore production rate of 7.5 Mtpa, this will support a mine-life of approximately 35 years. Phase 1 development is planned to access approximately 13% of the total Ore Resources for the Donald and Jackson tenements within the total licence areas. RL2002 and RL2003 contain a combined Mineral Resources of 2.4 billion tonnes at a heavy mineral (HM) grade of 4.8%. At a zircon assemblage of 19%, Phase 1 of the Donald Project contains in-situ zircon resources of 22.1 Mt, representing the largest undeveloped zircon deposit globally.2 Future potential phases of mine development on RL2002 and RL2003, including the on-site separation of HMC into its constituent zircon and titania products, are under consideration. It is expected that decisions to progress further production outcomes will be taken after Phase 1 operations are underway and will be subject to further regulatory approvals. Astron expects the phased development approach will deliver material, long-term value.
공시 • Jul 21Astron Corporation Limited Appoints Greg Bell as Chief Financial OfficerAstron Corporation Limited announced the appointment of Greg Bell as Chief Financial Officer. Greg has finance and accounting experience spanning more than 21 years, working initially in corporate advisory and assurance services with Deloitte Touche Tohmatsu, followed by eight years with Mineral Deposits Limited (MDL) as Accounting Manager and then Chief Financial Officer. Subsequent to MDL, Greg held both consulting and executive roles with international mineral sands and resource companies, including in the critical minerals sector. Greg brings a depth of experience in the mineral sands sector. As Chief Financial Officer of Mineral Deposits Limited, which operated a Senegalese dredge mining operation and a titanium smelter in Norway, Greg had direct responsibility for all financial and accounting aspects of the business, including financial and management systems, budgeting, cost control and operational improvement, as well as statutory financial reporting. Greg has also had extensive engagement with mineral sands customers and understands the sector's market dynamics.
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. 5 non-independent directors. Chairman of the Board George Lloyd 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.
공시 • Feb 01Astron Corporation Limited announced that it expects to receive AUD 5 million in funding from Collins Street Securities Pty LimitedAstron Corporation Limited announced a private placement of convertible notes for gross proceeds of AUD 5 million from Collins Street Securities Pty Limited on February 1, 2022. The notes issuance is subject to shareholder approval and other customary conditions precedent. The notes have a term of two years and are convertible into ordinary shares of the company at AUD 0.54 per share, representing a 24% premium over the trailing 60-day VWAP. The notes carry a 10% per annum coupon with the full amount capitalized to the loan balance.
분석 기사 • Nov 24Is Astron (ASX:ATR) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Board Change • Oct 19No 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. 5 non-independent directors. Non-Executive Director George Lloyd 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.
Reported Earnings • Oct 01Full year 2021 earnings releasedThe company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$16.4m (up 95% from FY 2020). Net loss: AU$651.2k (loss narrowed 90% from FY 2020).
공시 • May 15Astron Corporation Limited Provides an Update on Donald Minerals Sands ProjectAstron Corporation Limited announced the results of metallurgical test work relating to its Donald mineral sands project, located in regional Victoria. Pilot scale process work has been undertaken on 1,000 tons (t) of ore recovered from a test pit and subsequently produced a 24 ton sample of heavy mineral concentrate (HMC) for purposes of pilot testing the processing of HMC into final product streams. The metallurgical test work has been undertaken at facilities operated by Mineral Technologies. The test work and evaluation has included the production of zircon, a titania (titanium dioxide) concentrate, and a rare earth element (REE) concentrate. The work represents a key part of the work stream for the potential commercialisation of the Donald resource; one of the largest undeveloped mineral sands ore bodies globally. The metallurgical test work forms an integral part of determining the full scope of the Donald mineral sands project, including: rare earth recovery; zircon and titania production stream and product specifications (suitable for customer testing and offtake arrangements); determination of concentrating and processing flow sheet and configuration on site; further pilot work and the move to a detailed feasibility study during 2021 to allow completion of project economics for determination of project funding strategies. The Donald mineral sands project is located in the Wimmera region of Victoria, 60 kilometres from Horsham and near the township of Minyip. Donald represents one of the largest known zircon and titanium ore bodies in the world and a potentially significant new source of global supply. Based on an Ore Reserve Update, as announced on 18 February 2021, the Donald project area holds Ore Reserves of 602 million tonnes (mt) of ore with an average heavy mineral (HM) grade of 4.8% consisting of 310 mt of proved ore and 292 mt of probable ore. In total, the ore reserves equates to an approximate, in-situ ore body of 28.9 Mt of heavy minerals, comprised: 5.4 mt of zircon; 9.2 mt of ilmenite; 8 mt of higher titanium content products of rutile and leucoxene (Hi-Ti), as well as a significant REE component of 491 thousand tonnes (kt). It is likely that the Donald project will produce four main product streams: a premium, ceramic grade zircon (expected to be 80% of total zircon, or ~95ktpa -100ktpa during Stage 1); a zircon 60 product (~20 - 25ktpa); a combined titania product, with a 65% titanium dioxide content (>200ktpa), suitable for slag production for both chloride and sulphate pigment production; and a REE concentrate (~15ktpa). Astron is now investigating a pit to final product on site, allowing the capture of the value-adding processing component within Australia (as opposed to offshore processing of HMC). The initial stage of the planned Donald project will involve the mining and processing of the Ore Reserves contained within ML5532, located wholly within RL2002 (refer tenement map below). Mining operations are then planned to extend into the remainder of RL2002. The current Ore Reserves for the project encompass only RL2002; while a Mineral Resources is available for the entire area including RL2003.
공시 • May 12+ 1 more updateAstron Corporation Limited Updates Donald Project Premium Zircon Test ResultsAstron Corporation Limited previously announced on 8 April 2021 the results of certain test work on initial zircon test products. This announcement is being rereleased as Astron has been advised that certain additional information was required to be included in this announcement. Accordingly, Astron updates and announces the results of test work conducted at the company's China test facilities on initial zircon test product produced from its Donald mineral sands deposit, in regional Victoria. The test work results, designed to test a key requirement for the use of zircon in ceramic applications, are favourable and demonstrate that a major proportion of the zircon production stream will be of a premium grade zircon, which is suitable for use in the high value ceramic market as a whitening agent and opacifier. Zircon in ceramic applications (tiles, sanitary ware and other ceramic uses) can form part of engobes (layer coatings), glazes and frits. Premium zircon (defined by ZrO2 content of higher than 66%) is sought for ceramic applications and typically achieves a higher price to standard and chemical grade zircon products. The production of the Donald premium zircon will not require additional acid leaching treatment for impurities such as iron oxide, aluminium oxide and titanium dioxide, as can be the case to produce a premium product. The Donald project represents one of the largest known zircon and titanium ore bodies in the world and a potentially significant new source of global supply. As announced on 18 February 2021, the Donald deposit currently contains Ore Reserves of 310 million tonnes (mt) of proved ore and 292 mt of probable ore, totalling 602 mt of ore with an average heavy mineral (HM) grade of 4.8%. This equates to an approximate, in-situ ore body of 28.9 mt of heavy minerals, comprised: 5.4 mt of zircon; 9.2 mt of ilmenite; 8 mt of higher titanium content products of rutile and leucoxene, as well as a significant rare earth element component of approximately 490 thousand tonnes. Astron recently released metallurgical test work results associated with the mineral processing of a sample of heavy mineral concentrate produced from ore recovered from a test pit on the Donald deposit. Subsequent to this test work - which demonstrated the ability to achieve commercial level recoveries of the main mineral sands products, including a zircon stream - Astron has conducted laboratory test work on the Donald zircon.
분석 기사 • Apr 12We Think Astron (ASX:ATR) Has A Fair Chunk Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
공시 • Feb 18Astron Corporation Limited Appoints Tiger Brown as the Managing Director of AstronAstron Corporation Limited appointed Mr. Tiger Brown as the Managing Director of Astron, effective immediately. Tiger was appointed a director in December 2019 and has been serving as an Executive Director since that time, with responsibility for direct oversight of the company over recent months.
공시 • Jan 25Astron Corporation Limited Appoints Mark Elliott as a Non-Executive DirectorAstron Corporation Limited announced that it has appointed Dr. Mark Elliott as a non-executive director of Astron, effective immediately. Dr. Elliott's appointment forms part of Astron's efforts to enhance its board capabilities as it advances the final scoping and evaluation of its major Donald Mineral Sands project. Dr. Elliot has or has held numerous non-executive directorships, which currently include Nexus Minerals Limited and Aruma Resources Limited.
분석 기사 • Dec 28Is Astron (ASX:ATR) Weighed On By Its Debt Load?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
공시 • Oct 04+ 3 more updatesAstron Corporation Limited to Report First Half, 2021 Results on Feb 27, 2021Astron Corporation Limited announced that they will report first half, 2021 results on Feb 27, 2021