View ValuationLunnon Metals 향후 성장Future 기준 점검 4/6Lunnon Metals 의 수익은 연간 9.7% 감소할 것으로 예상되는 반면, 연간 수익은 29% 로 증가할 것으로 예상됩니다. EPS는 연간 9.7% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 6.3% 로 예상됩니다.핵심 정보-9.7%이익 성장률-9.72%EPS 성장률Metals and Mining 이익 성장14.8%매출 성장률29.0%향후 자기자본이익률6.34%애널리스트 커버리지Low마지막 업데이트27 Feb 2026최근 향후 성장 업데이트Breakeven Date Change • Oct 01Forecast to breakeven in 2027The analyst covering Lunnon Metals expects the company to break even for the first time. New forecast suggests losses will reduce by 27% per year to 2026. The company is expected to make a profit of AU$11.0m in 2027. Average annual earnings growth of 69% is required to achieve expected profit on schedule.Breakeven Date Change • Feb 05Forecast breakeven date pushed back to 2026The analyst covering Lunnon Metals previously expected the company to break even in 2025. New forecast suggests the company will make a profit of AU$58.5m in 2026. Average annual earnings growth of 84% is required to achieve expected profit on schedule.Breakeven Date Change • May 01Forecast to breakeven in 2025The analyst covering Lunnon Metals expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$48.4m in 2025. Average annual earnings growth of 120% is required to achieve expected profit on schedule.모든 업데이트 보기Recent updatesBoard Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non Executive Director Deb Lord was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non Executive Director Deb Lord was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Board Change • Dec 24Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non Executive Director Deb Lord was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Sep 11Lunnon Metals Limited, Annual General Meeting, Nov 06, 2025Lunnon Metals Limited, Annual General Meeting, Nov 06, 2025.Board Change • Aug 18Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non Executive Director Deb Lord was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Mar 31Lunnon Metals Limited Provides High Grade Gold Results in Latest Step Out DrillingLunnon Metals Limited reported assay results from the latest reverse circulation (RC) drilling campaign at its Kambalda Gold & Nickel Project (KGNP). The Company's expanded gold exploration program in the Foster Gold Belt is progressing successfully, with multiple prospects being actively tested through recent scout RC drilling campaigns. As previously reported, the objective is to rapidly identify multiple near-surface opportunities and prioritise those demonstrating the same promising characteristics observed at the successful Lady Herial discovery. Four RC holes tested the Koombana target and all four returned significant gold intercepts at shallow depths. The Foster-Baker Project area is situated on granted mining leases, benefitting from extensive nearby infrastructure that provides an ideal setting for rapidly advancing any new discoveries. The Company's strategy is to aggressively pursue these emerging gold prospects and, subject to continued exploration success, advance each of them through the same accelerated program of resource definition and permitting currently being implemented at Lady Herial. As seen elsewhere in the Foster Gold Belt, the results indicated the presence of multiple mineralised surfaces reflecting the structural pattern recorded at Lady Herial and the Hustler gold prospect. Significant gold mineralisation has been confirmed along the Foster Gold Belt at Lady Herial, Hustler, Guiding Star, and now, the Koombana prospect. The area tested extends over a strike length of at least 1.8 km in a northwest-southeast direction, following the Defiance Dolerite stratigraphic unit. These encouraging results highlight the potential for further discoveries within the Foster Gold Belt, reinforcing the Company's strategy to accelerate exploration and unlock shareholder value. In addition, in a northeasterly direction, and approximately 500m from Lady Herial, the Company recently intersected significant gold proximal to the iron-rich Lunnon Sediment. This is the same rock unit that hosted the "Father's Day Vein" discovery4 at Westgold Resources Ltd.'s Beta/Hunt mine in 2018 (15km to the north of Foster). The current Exploration Incentive Scheme (EIS) program5 at Defiance West is in this exploration target area, immediately adjacent to the Foster Gold Belt. The area also plays host to highly prospective targets where multiple gold bearing structures have the potential to interact with the iron-rich Lunnon Sediment on the Company's own tenements. Current activity at Lady Herial includes targeted programs of holes at a grade control spacing of approximately 8m x 6m (or similar). This work is seeking to test for the presence of other high-grade zones that the 2024 drill program spacing did not fully identify. Seven dedicated diamond drill (DD) holes have now been completed at Lady Herial to derive geotechnical parameters for open pit optimisation studies and to provide material for detailed metallurgical test work based on the Gold Fields' Lefroy Plant flow sheet. Each of Koombana, Guiding Star and Hustler are exhibiting strong potential to be Lady Herial lookalikes and the Company will evaluate and plan follow up programs at all three prospects to ensure that ongoing exploration activity is correctly prioritised. Technical analysis and permitting of Lady Herial is ongoing and the final heritage survey for the potential mining of the Lady Herial development footprint has now been completed by Company staff in collaboration with representatives of the Ngadju People. A Mineral Resource estimation exercise will be completed to finalise mining outlines and allow the submission of the relevant applications to the Western Australian Government, Department of Energy, Mines, Industry Regulation and Safety. The Company has recently announced a strategic agreement to work collaboratively with its major shareholder, Gold Fields Ltd, in regard commercial arrangements for the treatment of the Lady Herial deposit at that company's St Ives Lefroy Plant. The Kambalda /St Ives gold camp is one of Australia's most prolific gold production and discovery centres. Gold has been produced in the area since the discovery of the Red Hill gold mine in 1896 (adjacent to the Company's historical Silver Lake nickel mine at Kambalda). The area immediately encompassing and surrounding the Foster-Baker project (FBA) produced gold from the 1920s onwards, but this goldfield came to prominence in the early 1980s when WMC commenced dedicated gold production from the Victory-Defiance Complex and the Hunt nickel mine near Kambalda. The St Ives Gold Mine was sold by WMC to Gold Fields Ltd. (Gold Fields) in December 2001 after 5.6Moz8a of gold had been produced. With an expanded exploration budget requisite with being one of the world's major gold companies, Gold Fields has gone on to mine over 10Moz8b of gold itself and has found what is shaping to be the most significant discovery in the camp's history, the Invincible deposit, suggesting that the biggest deposits are not always found first in the discovery cycle. The Company holds all mineral rights over the FBA, except gold in specific "Excluded Areas" . The Company highlights that all gold prospects being tested and evaluated are 100% owned by Lunnon Metals. The FBA project is located on granted mining tenements with significant existing infrastructure in place. Nearby gold plants include the Lefroy, Lakewood and Higginsville plants, with the Lefroy plant, a few kilometres to the north, notably owned and operated by the Company's major shareholder, Gold Fields. The gold prospects of the Foster Gold Belt are hosted in the Defiance Dolerite, a known favourable host for gold in the immediate vicinity of FBA at the Victory-Defiance gold complex a few kilometres to the north. High-grade quartz veins were mined by prospectors in the 1920s in what was then called the Cooee/St Ives field with gold ore won from these workings treated at either the nearby historical State Battery or the privately owned Ives Reward battery, the relic sites of which are both located on what are now Lunnon Metals' leases.New Risk • Jan 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$1.6k revenue, or US$961). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (AU$46.8m market cap, or US$29.0m).공시 • Nov 27Lunnon Metals Limited ORDINARY FULLY PAID to Be Deleted from OTC EquityLunnon Metals Limited ORDINARY FULLY PAID (Australia) will be deleted from OTC Equity effective November 26, 2024, due to Inactive Security.Breakeven Date Change • Oct 01Forecast to breakeven in 2027The analyst covering Lunnon Metals expects the company to break even for the first time. New forecast suggests losses will reduce by 27% per year to 2026. The company is expected to make a profit of AU$11.0m in 2027. Average annual earnings growth of 69% is required to achieve expected profit on schedule.New Risk • Sep 23New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$24m Forecast net loss in 2 years: AU$1.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$1.6k revenue, or US$1.1k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$1.0m net loss in 2 years). Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (AU$33.1m market cap, or US$22.6m).공시 • Sep 16Lunnon Metals Limited, Annual General Meeting, Nov 07, 2024Lunnon Metals Limited, Annual General Meeting, Nov 07, 2024.New Risk • Jul 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 64% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$33.8m market cap, or US$22.3m).공시 • Jun 28Lunnon Metals Limited Announces Retirement of Ian Junk as Non Executive Director, Effective 1 July 2024Mr. Ian Junk has informed the board of Lunnon Metals Limited of his intention to retire from his position, effective 1 July 2024. Ian's retirement comes after nearly ten years as a director of the Company where he has played a pivotal role in its formation, initial funding and strategic direction. Ian was a founding shareholder of ACH Nickel Pty Ltd, the forerunner of Lunnon Metals and remains a current Top 10 shareholder. The board of Lunnon Metals has made the decision to not replace Ian's position in the short term, aligned with a range of recent initiatives to preserve cash during the prevailing negative market sentiment for nickel.Recent Insider Transactions • Jun 26Key Executive recently bought AU$51k worth of stockOn the 21st of June, Liam Twigger bought around 250k shares on-market at roughly AU$0.20 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Liam has been a buyer over the last 12 months, purchasing a net total of AU$111k worth in shares.New Risk • Mar 21New major risk - Revenue and earnings growthEarnings have declined by 64% 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 Risks Earnings have declined by 64% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$57.7m market cap, or US$38.0m).Breakeven Date Change • Feb 05Forecast breakeven date pushed back to 2026The analyst covering Lunnon Metals previously expected the company to break even in 2025. New forecast suggests the company will make a profit of AU$58.5m in 2026. Average annual earnings growth of 84% is required to achieve expected profit on schedule.Recent Insider Transactions • Feb 01MD & Director recently bought AU$76k worth of stockOn the 30th of January, Ed Ainscough bought around 250k shares on-market at roughly AU$0.30 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ed's only on-market trade for the last 12 months.New Risk • Jan 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$7.5k revenue, or US$4.9k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$67.3m market cap, or US$44.4m).공시 • Nov 14Lunnon Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 18 million.Lunnon Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 18 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 18,888,888 Price\Range: AUD 0.9 Discount Per Security: AUD 0.036 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,111,112 Price\Range: AUD 0.9 Discount Per Security: AUD 0.036 Transaction Features: Subsequent Direct ListingNew Risk • Oct 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$151.1m (US$96.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$14m free cash flow). Revenue is less than US$1m (AU$7.5k revenue, or US$4.8k). Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$151.1m market cap, or US$96.1m).New Risk • Sep 22New major risk - Revenue and earnings growthEarnings have declined by 71% 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 Risks Earnings have declined by 71% per year over the past 5 years. Revenue is less than US$1m (AU$13k revenue, or US$8.3k). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding).공시 • Sep 12Lunnon Metals Limited, Annual General Meeting, Nov 03, 2023Lunnon Metals Limited, Annual General Meeting, Nov 03, 2023, at 09:00 W. Australia Standard Time.New Risk • Sep 09New 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 Revenue is less than US$1m (AU$13k revenue, or US$8.2k). 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 (24% increase in shares outstanding).Recent Insider Transactions • May 27Non-Executive Director recently bought AU$100k worth of stockOn the 26th of May, Ashley McDonald bought around 100k shares on-market at roughly AU$1.00 per share. This transaction increased Ashley's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$145k more in shares than they have sold in the last 12 months.Breakeven Date Change • May 01Forecast to breakeven in 2025The analyst covering Lunnon Metals expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$48.4m in 2025. Average annual earnings growth of 120% is required to achieve expected profit on schedule.Board Change • Mar 22Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non Executive Director Deb Lord was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측CHIA:LM8 - 애널리스트 향후 추정치 및 과거 재무 데이터 (AUD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수6/30/2028N/A-12-116-1216/30/20273320202016/30/202694737373112/31/2025N/A-10-10-7N/A9/30/2025N/A-12-8-7N/A6/30/2025N/A-13-7-7N/A3/31/2025N/A-15-7-6N/A12/31/2024N/A-16-8-6N/A9/30/20240-20-11-9N/A6/30/20240-24-15-11N/A3/31/20240-24-16-12N/A12/31/20230-23-16-13N/A9/30/20230-20-15-10N/A6/30/20230-18-14-7N/A3/31/20230-16-13-6N/A12/31/20220-14-12-5N/A9/30/20220-10-11-5N/A6/30/20220-7-9-6N/A3/31/20220-6-8-5N/A12/31/2021N/A-6-6-5N/A9/30/2021N/A-4-4-3N/A6/30/2021N/A-3-2-2N/A3/31/2021N/A-2-2-2N/A12/31/2020N/A-2-2-1N/A9/30/2020N/A-2-1-1N/A6/30/2020N/A-1-1-1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: LM8 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -9.7%).수익 vs 시장: LM8 (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: LM8 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: LM8 의 수익(연간 29%)이 Australian 시장(연간 6%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: LM8 의 수익(연간 29%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: LM8의 자본 수익률은 3년 후 6.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/11 08:26종가2026/06/11 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 소스Lunnon Metals 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.분석가기관Adam BakerMacquarie ResearchPeter KormendyShaw and Partners Limited
Breakeven Date Change • Oct 01Forecast to breakeven in 2027The analyst covering Lunnon Metals expects the company to break even for the first time. New forecast suggests losses will reduce by 27% per year to 2026. The company is expected to make a profit of AU$11.0m in 2027. Average annual earnings growth of 69% is required to achieve expected profit on schedule.
Breakeven Date Change • Feb 05Forecast breakeven date pushed back to 2026The analyst covering Lunnon Metals previously expected the company to break even in 2025. New forecast suggests the company will make a profit of AU$58.5m in 2026. Average annual earnings growth of 84% is required to achieve expected profit on schedule.
Breakeven Date Change • May 01Forecast to breakeven in 2025The analyst covering Lunnon Metals expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$48.4m in 2025. Average annual earnings growth of 120% is required to achieve expected profit on schedule.
Board Change • May 20Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non Executive Director Deb Lord was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non Executive Director Deb Lord was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Board Change • Dec 24Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non Executive Director Deb Lord was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Sep 11Lunnon Metals Limited, Annual General Meeting, Nov 06, 2025Lunnon Metals Limited, Annual General Meeting, Nov 06, 2025.
Board Change • Aug 18Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Non Executive Director Deb Lord was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Mar 31Lunnon Metals Limited Provides High Grade Gold Results in Latest Step Out DrillingLunnon Metals Limited reported assay results from the latest reverse circulation (RC) drilling campaign at its Kambalda Gold & Nickel Project (KGNP). The Company's expanded gold exploration program in the Foster Gold Belt is progressing successfully, with multiple prospects being actively tested through recent scout RC drilling campaigns. As previously reported, the objective is to rapidly identify multiple near-surface opportunities and prioritise those demonstrating the same promising characteristics observed at the successful Lady Herial discovery. Four RC holes tested the Koombana target and all four returned significant gold intercepts at shallow depths. The Foster-Baker Project area is situated on granted mining leases, benefitting from extensive nearby infrastructure that provides an ideal setting for rapidly advancing any new discoveries. The Company's strategy is to aggressively pursue these emerging gold prospects and, subject to continued exploration success, advance each of them through the same accelerated program of resource definition and permitting currently being implemented at Lady Herial. As seen elsewhere in the Foster Gold Belt, the results indicated the presence of multiple mineralised surfaces reflecting the structural pattern recorded at Lady Herial and the Hustler gold prospect. Significant gold mineralisation has been confirmed along the Foster Gold Belt at Lady Herial, Hustler, Guiding Star, and now, the Koombana prospect. The area tested extends over a strike length of at least 1.8 km in a northwest-southeast direction, following the Defiance Dolerite stratigraphic unit. These encouraging results highlight the potential for further discoveries within the Foster Gold Belt, reinforcing the Company's strategy to accelerate exploration and unlock shareholder value. In addition, in a northeasterly direction, and approximately 500m from Lady Herial, the Company recently intersected significant gold proximal to the iron-rich Lunnon Sediment. This is the same rock unit that hosted the "Father's Day Vein" discovery4 at Westgold Resources Ltd.'s Beta/Hunt mine in 2018 (15km to the north of Foster). The current Exploration Incentive Scheme (EIS) program5 at Defiance West is in this exploration target area, immediately adjacent to the Foster Gold Belt. The area also plays host to highly prospective targets where multiple gold bearing structures have the potential to interact with the iron-rich Lunnon Sediment on the Company's own tenements. Current activity at Lady Herial includes targeted programs of holes at a grade control spacing of approximately 8m x 6m (or similar). This work is seeking to test for the presence of other high-grade zones that the 2024 drill program spacing did not fully identify. Seven dedicated diamond drill (DD) holes have now been completed at Lady Herial to derive geotechnical parameters for open pit optimisation studies and to provide material for detailed metallurgical test work based on the Gold Fields' Lefroy Plant flow sheet. Each of Koombana, Guiding Star and Hustler are exhibiting strong potential to be Lady Herial lookalikes and the Company will evaluate and plan follow up programs at all three prospects to ensure that ongoing exploration activity is correctly prioritised. Technical analysis and permitting of Lady Herial is ongoing and the final heritage survey for the potential mining of the Lady Herial development footprint has now been completed by Company staff in collaboration with representatives of the Ngadju People. A Mineral Resource estimation exercise will be completed to finalise mining outlines and allow the submission of the relevant applications to the Western Australian Government, Department of Energy, Mines, Industry Regulation and Safety. The Company has recently announced a strategic agreement to work collaboratively with its major shareholder, Gold Fields Ltd, in regard commercial arrangements for the treatment of the Lady Herial deposit at that company's St Ives Lefroy Plant. The Kambalda /St Ives gold camp is one of Australia's most prolific gold production and discovery centres. Gold has been produced in the area since the discovery of the Red Hill gold mine in 1896 (adjacent to the Company's historical Silver Lake nickel mine at Kambalda). The area immediately encompassing and surrounding the Foster-Baker project (FBA) produced gold from the 1920s onwards, but this goldfield came to prominence in the early 1980s when WMC commenced dedicated gold production from the Victory-Defiance Complex and the Hunt nickel mine near Kambalda. The St Ives Gold Mine was sold by WMC to Gold Fields Ltd. (Gold Fields) in December 2001 after 5.6Moz8a of gold had been produced. With an expanded exploration budget requisite with being one of the world's major gold companies, Gold Fields has gone on to mine over 10Moz8b of gold itself and has found what is shaping to be the most significant discovery in the camp's history, the Invincible deposit, suggesting that the biggest deposits are not always found first in the discovery cycle. The Company holds all mineral rights over the FBA, except gold in specific "Excluded Areas" . The Company highlights that all gold prospects being tested and evaluated are 100% owned by Lunnon Metals. The FBA project is located on granted mining tenements with significant existing infrastructure in place. Nearby gold plants include the Lefroy, Lakewood and Higginsville plants, with the Lefroy plant, a few kilometres to the north, notably owned and operated by the Company's major shareholder, Gold Fields. The gold prospects of the Foster Gold Belt are hosted in the Defiance Dolerite, a known favourable host for gold in the immediate vicinity of FBA at the Victory-Defiance gold complex a few kilometres to the north. High-grade quartz veins were mined by prospectors in the 1920s in what was then called the Cooee/St Ives field with gold ore won from these workings treated at either the nearby historical State Battery or the privately owned Ives Reward battery, the relic sites of which are both located on what are now Lunnon Metals' leases.
New Risk • Jan 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$1.6k revenue, or US$961). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (AU$46.8m market cap, or US$29.0m).
공시 • Nov 27Lunnon Metals Limited ORDINARY FULLY PAID to Be Deleted from OTC EquityLunnon Metals Limited ORDINARY FULLY PAID (Australia) will be deleted from OTC Equity effective November 26, 2024, due to Inactive Security.
Breakeven Date Change • Oct 01Forecast to breakeven in 2027The analyst covering Lunnon Metals expects the company to break even for the first time. New forecast suggests losses will reduce by 27% per year to 2026. The company is expected to make a profit of AU$11.0m in 2027. Average annual earnings growth of 69% is required to achieve expected profit on schedule.
New Risk • Sep 23New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: AU$24m Forecast net loss in 2 years: AU$1.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$1.6k revenue, or US$1.1k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$1.0m net loss in 2 years). Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (AU$33.1m market cap, or US$22.6m).
공시 • Sep 16Lunnon Metals Limited, Annual General Meeting, Nov 07, 2024Lunnon Metals Limited, Annual General Meeting, Nov 07, 2024.
New Risk • Jul 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 64% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$33.8m market cap, or US$22.3m).
공시 • Jun 28Lunnon Metals Limited Announces Retirement of Ian Junk as Non Executive Director, Effective 1 July 2024Mr. Ian Junk has informed the board of Lunnon Metals Limited of his intention to retire from his position, effective 1 July 2024. Ian's retirement comes after nearly ten years as a director of the Company where he has played a pivotal role in its formation, initial funding and strategic direction. Ian was a founding shareholder of ACH Nickel Pty Ltd, the forerunner of Lunnon Metals and remains a current Top 10 shareholder. The board of Lunnon Metals has made the decision to not replace Ian's position in the short term, aligned with a range of recent initiatives to preserve cash during the prevailing negative market sentiment for nickel.
Recent Insider Transactions • Jun 26Key Executive recently bought AU$51k worth of stockOn the 21st of June, Liam Twigger bought around 250k shares on-market at roughly AU$0.20 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Liam has been a buyer over the last 12 months, purchasing a net total of AU$111k worth in shares.
New Risk • Mar 21New major risk - Revenue and earnings growthEarnings have declined by 64% 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 Risks Earnings have declined by 64% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (AU$57.7m market cap, or US$38.0m).
Breakeven Date Change • Feb 05Forecast breakeven date pushed back to 2026The analyst covering Lunnon Metals previously expected the company to break even in 2025. New forecast suggests the company will make a profit of AU$58.5m in 2026. Average annual earnings growth of 84% is required to achieve expected profit on schedule.
Recent Insider Transactions • Feb 01MD & Director recently bought AU$76k worth of stockOn the 30th of January, Ed Ainscough bought around 250k shares on-market at roughly AU$0.30 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Ed's only on-market trade for the last 12 months.
New Risk • Jan 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$7.5k revenue, or US$4.9k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$67.3m market cap, or US$44.4m).
공시 • Nov 14Lunnon Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 18 million.Lunnon Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 18 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 18,888,888 Price\Range: AUD 0.9 Discount Per Security: AUD 0.036 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 1,111,112 Price\Range: AUD 0.9 Discount Per Security: AUD 0.036 Transaction Features: Subsequent Direct Listing
New Risk • Oct 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$151.1m (US$96.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$14m free cash flow). Revenue is less than US$1m (AU$7.5k revenue, or US$4.8k). Minor Risks Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (AU$151.1m market cap, or US$96.1m).
New Risk • Sep 22New major risk - Revenue and earnings growthEarnings have declined by 71% 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 Risks Earnings have declined by 71% per year over the past 5 years. Revenue is less than US$1m (AU$13k revenue, or US$8.3k). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding).
공시 • Sep 12Lunnon Metals Limited, Annual General Meeting, Nov 03, 2023Lunnon Metals Limited, Annual General Meeting, Nov 03, 2023, at 09:00 W. Australia Standard Time.
New Risk • Sep 09New 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 Revenue is less than US$1m (AU$13k revenue, or US$8.2k). 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 (24% increase in shares outstanding).
Recent Insider Transactions • May 27Non-Executive Director recently bought AU$100k worth of stockOn the 26th of May, Ashley McDonald bought around 100k shares on-market at roughly AU$1.00 per share. This transaction increased Ashley's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$145k more in shares than they have sold in the last 12 months.
Breakeven Date Change • May 01Forecast to breakeven in 2025The analyst covering Lunnon Metals expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$48.4m in 2025. Average annual earnings growth of 120% is required to achieve expected profit on schedule.
Board Change • Mar 22Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non Executive Director Deb Lord was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.