Has the U.K. Diversified Metals and Mining Industry valuation changed over the past few years?

Investors are relatively neutral on the industry at the moment, indicating that they anticipate long term growth rates to remain steady. The industry is trading close to its 3-year average PE ratio of 10.0x. Future earnings are expected to decline by 14% which could cause market valuations to fall.

How does U.K. Diversified Metals and Mining compare with similar industries?

There is insufficient data on the sub-industries of this industry.

U.K. (FTSE) Diversified Metals and Mining Industry Analysis

Date	Market Cap	Revenue	Earnings	PE
Sat, 28 May 2022	UK£212.5b	UK£245.4b	UK£27.5b	7x
Mon, 25 Apr 2022	UK£202.0b	UK£240.9b	UK£27.0b	8x
Wed, 23 Mar 2022	UK£233.7b	UK£251.3b	UK£32.7b	9.5x
Fri, 18 Feb 2022	UK£237.9b	UK£241.9b	UK£29.0b	9.6x
Sun, 16 Jan 2022	UK£230.1b	UK£212.7b	UK£27.6b	9.5x
Tue, 14 Dec 2021	UK£207.7b	UK£219.3b	UK£28.4b	9.5x
Thu, 11 Nov 2021	UK£203.4b	UK£215.5b	UK£28.0b	10.9x
Sat, 09 Oct 2021	UK£212.3b	UK£213.3b	UK£27.7b	9.7x
Mon, 06 Sep 2021	UK£225.8b	UK£210.8b	UK£27.5b	8.3x
Wed, 04 Aug 2021	UK£248.6b	UK£210.8b	UK£27.5b	8.7x
Sat, 08 May 2021	UK£234.0b	UK£192.7b	UK£19.0b	10.8x
Tue, 09 Feb 2021	UK£208.0b	UK£175.5b	UK£10.6b	14x
Mon, 02 Nov 2020	UK£154.9b	UK£193.5b	UK£9.3b	12.1x
Thu, 06 Aug 2020	UK£166.9b	UK£212.8b	UK£7.8b	11.4x
Sun, 10 May 2020	UK£144.5b	UK£228.6b	UK£11.2b	8.9x
Sat, 01 Feb 2020	UK£175.8b	UK£231.5b	UK£14.2b	9.2x
Tue, 05 Nov 2019	UK£168.6b	UK£248.2b	UK£17.0b	8.7x
Fri, 09 Aug 2019	UK£179.2b	UK£240.3b	UK£18.7b	9.5x


GB Market	2.55%
Materials	4.69%
Metals and Mining	5.14%
Diversified Metals and Mining	5.68%
Steel	3.55%
Copper	3.17%
Precious Metals and Minerals	1.59%
Aluminum	0%
Silver	0%
Gold	-0.43%

Company	Last Price	7D	1Y	Valuation
RIO Rio Tinto Group	UK£57.02	4.6% +UK£4.1b	-6.0%	PS5.5x
GLEN Glencore	UK£5.26	5.8% +UK£3.7b	63.7%	PS17.4x
AAL Anglo American	UK£38.03	7.9% +UK£3.4b	21.3%	PS6.8x
KMR Kenmare Resources	UK£4.73	4.6% +UK£19.9m	9.7%	PS4.4x
HZM Horizonte Minerals	UK£0.072	4.3% +UK£11.4m	3.6%	PB1.4x

May 05

Bradda Head Lithium Ltd Receives Conditional Permission to Begin a Drilling Programme at its Basin North (BN) Sedimentary Claims in Arizona

Bradda Head Lithium Ltd. announced that it has received conditional permission to begin a drilling programme at its Basin North (BN) sedimentary claims in Arizona. Background: BN and BEE are in close proximity to BE, the Company has an updated Resource at BE. The updated Mineral Resource Estimate ("MRE") at Basin East, which has been reported by SRK Consulting (UK) Ltd. ("SRK") in accordance with the terminology and definitions given in the JORC Code (2012), comprises: an Indicated Mineral Resource of 17.6 Mt at an average grade of 912 ppm Li and 3.4% K for a total of 85 kt LCE and an Inferred Mineral Resource of 57.6 Mt at an average grade of 717 ppm Li and 3.3% K for a total of 220 kt LCE. The 2022 Mineral Resource update followed the completion of a 10 hole 1,110m diamond core drilling programme which was completed in November 2021 (RNS dated 17/11/2021). The 185kt LCE 2018 MRE was calculated based on a 14-hole 924m reverse circulation ("RC") programme. The drilling coverage at BE has increased by c.20% in area since 2018 and has provided some deeper intersections to add some previously missed Lower Clay. Furthermore, newly acquired geophysical data has allowed extrapolation of the MRE further from the drillholes than was possible previously. The combination of these changes has resulted in an increase in the MRE. In the MRE model, the Upper Clay zone and higher-grade zone are thickest at the northwestern edge, whilst remaining open to the west and northwest, and are expected to continue under cover in the adjacent BEE claim. Geological mapping and geophysical surveys indicate similar clay layers are present in Bradda Head's other claims beyond BEE in BW and BN. As such, with further drilling see excellent potential to increase the resource base substantially. It's important to note that some 75% of the updated total LCE is in the Upper Clay which has a grade of c.850 ppm and c.20% of the updated total LCE sits within a newly defined High-Grade layer within the Upper Clay which has a grade of c.1,300ppm Li. The High-Grade and Upper Clay zones thicken towards the northwest extent of the drilled area into BHL's BEE claim and could potentially form part of a higher-grade mining operation than previously planned. This could be mined early in the mine plan as the High-Grade zone sits in the upper part of the deposit. An Exploration Target for the Basin Project of between 300 to 1,300 Mt of material grading between 600 to 850 ppm Li, equivalent to between 1 and 6 Mt LCE, has been identified covering the claims BN, BE, BEE and BW and BWE. This is based on an assessment of the updated Mineral Resource LCE per unit area, an estimated range of likely grades based on the MRE and an assessment of the extent of mapped clay and hangingwall lithologies in the undrilled parts of the Basin Project licence areas. The Company is currently in the process of obtaining permits for 120 holes at BEE, of which it expects to drill 20 holes in Second Quarter 2022. The Company has received conditional permission to drill 10 holes at its BN Claim, and anticipates that drilling will commence in Second Quarter 2022. The difference in the scale of the programmes is that BEE is a state lease, whereas BN is a Bureau of Land Management (BLM) claim. An additional 14-hole sonic drill programme (1,175m) has been approved at BE which will form part of the expected resource estimate at BEE and BN when they are permitted and drilled later this year. BEE is adjacent to BE, and BN joins with BEE's northern border.

U.K. (FTSE) Diversified Metals and Mining Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

KMR

Kenmare Resources plc Approves Final Dividend

RIO

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ACP

Armadale Capital Plc, Annual General Meeting, Jun 20, 2022

AAL

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HZM

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AAZ

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ALS

Forecast to breakeven in 2022

GFM

Griffin Mining Limited Announces Board Changes

BHL

Bradda Head Lithium Ltd Receives Conditional Permission to Begin a Drilling Programme at its Basin North (BN) Sedimentary Claims in Arizona

FAR

Full year 2021 earnings released: US$0.008 loss per share (vs US$0.012 loss in FY 2020)

PREM

Premier African Minerals Limited Announces Resignation of Neil Herbert from the Board

KOD

Less than half of directors are independent

ARCM

Less than half of directors are independent

GLEN

Upcoming dividend of US$0.13 per share

CDL

Cloudbreak Discovery Appoints Paul Gurney as Non-Executive Director

PRE

Pensana plc Announces Update on Results from the Coola Exploration Programme