Classic Minerals (ASX:CLZ) - Stock Price, News & Analysis

CLZ Stock Overview

Engages in the exploration of mineral resource-based projects in Australia.

CLZ fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Risk Analysis

Earnings have declined by 21.7% per year over past 5 years

Shareholders have been substantially diluted in the past year

Negative shareholders equity

Does not have a meaningful market cap (A$1M)

+ 2 more risks

Classic Minerals Limited Competitors

E79 Gold Mines

ASX:E79

AU$2.9m

OzAurum Resources

ASX:OZM

AU$6.0m

Castle Minerals

ASX:CDT

AU$4.0m

Iceni Gold

ASX:ICL

AU$9.8m

Price History & Performance

Summary of all time highs, changes and price drops for Classic Minerals
Historical stock prices
Current Share Price	AU$0.001
52 Week High	AU$0.05
52 Week Low	AU$0.001
Beta	0.22
11 Month Change	0%
3 Month Change	0%
1 Year Change	-98.00%
33 Year Change	-99.99%
5 Year Change	-100.00%
Change since IPO	-100.00%

Recent updates

Shareholder Returns

	CLZ	AU Metals and Mining	AU Market
7D	0%	1.1%	1.4%
1Y	-98.0%	-9.7%	15.5%

Return vs Industry: CLZ underperformed the Australian Metals and Mining industry which returned -9.7% over the past year.

Return vs Market: CLZ underperformed the Australian Market which returned 15.5% over the past year.

Price Volatility

Is CLZ's price volatile compared to industry and market?
CLZ volatility
CLZ Average Weekly Movement	40.3%
Metals and Mining Industry Average Movement	11.2%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.6%

Stable Share Price: CLZ's share price has been volatile over the past 3 months.

Volatility Over Time: CLZ's weekly volatility has increased from 26% to 40% over the past year.

About the Company

Founded	Employees	CEO	Website
2006	n/a	Dean Goodwin	www.classicminerals.com.au

Classic Minerals Limited engages in the exploration of mineral resource-based projects in Australia. It primarily explores for gold and nickel deposits. The company’s flagship project is the Kat Gap gold project located in Western Australia.

Classic Minerals Limited Fundamentals Summary

How do Classic Minerals's earnings and revenue compare to its market cap?
CLZ fundamental statistics
Market cap	AU$1.13m
Earnings (TTM)	-AU$18.21m
Revenue (TTM)	AU$988.29k

1.1x

P/S Ratio

-0.1x

P/E Ratio

Is CLZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CLZ income statement (TTM)
Revenue	AU$988.29k
Cost of Revenue	AU$0
Gross Profit	AU$988.29k
Other Expenses	AU$19.20m
Earnings	-AU$18.21m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.016
Gross Margin	100.00%
Net Profit Margin	-1,842.88%
Debt/Equity Ratio	-111.6%

How did CLZ perform over the long term?

See historical performance and comparison

CLZ Stock Overview

Rewards

Risk Analysis

Classic Minerals Limited Competitors

ASX:E79

AU$2.9m

ASX:OZM

AU$6.0m

ASX:CDT

AU$4.0m

ASX:ICL

AU$9.8m

Price History & Performance

Recent News & Updates

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.028 million.

Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.028 million.

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.1496 million.

Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.1496 million.

Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.05 million.

Classic Minerals Limited, Annual General Meeting, May 24, 2024

Recent updates

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.028 million.

Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.028 million.

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.1496 million.

Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.1496 million.

Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.05 million.

Classic Minerals Limited, Annual General Meeting, May 24, 2024

Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.476851 million.

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.433 million.

Classic Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.433 million.

Classic Minerals Limited (ASX:CLZ) entered into agreement to acquire Forrestania Project from Reed Exploration Pty Ltd for AUD 0.86 million.

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.079503 million.

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.906553 million.

Classic Minerals Limited Updates on Construction at Kat Gap

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.25 million.

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.483452 million.

Classic Minerals Limited Announces Extensional Drilling Returns High Grade Intercepts At Kat Gap

Classic Minerals Limited, Annual General Meeting, Jan 25, 2023

Classic Minerals Limited announced that it expects to receive AUD 5.5 million in funding

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.7 million.

Classic Minerals Limited Provides Update on Water Pipeline At Kat Gap

Classic Minerals Limited Provides an Update on the Progress at Kat Gap

No independent directors

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.81 million.

Classic Minerals Limited Announces Site Construction Commences Ahead of Stage 1 Mining

Classic Minerals Limited Announces Commencement of A Program of Deeper RC Drilling in Addition to the Infill Program At Its Kat Gap Gold Project in Western Australia

Classic Minerals Limited Announces 6.06 G/T Au Averaged in First Bulk Sample Ore Through Gekko

Classic Minerals Limited, Annual General Meeting, Oct 31, 2022

Classic Minerals Limited Announces Validated the Decision Taken to Invest in the Gekko Range of Equipment for Processing Kat Gap Gold Ore

Classic Minerals Limited Receives Further Assay Results from Its Extensive Infill RC Drilling Program at its Kat Gap Gold Project in Western Australia

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.

Classic Minerals Limited Receives Notification from the Department of Mines, Industry, Regulation and Safety (DMIRS) of an "Approval to Commence Extractive Mining Operations" for the Kat Gap Gold Mine (Project)

Classic Minerals Limited Receives Notification from the Department of Mines, Industry, Regulation and Safety (DMIRS) of an "Approval to Commence Extractive Mining Operations" for the Kat Gap Gold Mine (Project)

Classic Minerals Limited Announces More High-Grade Gold Intercepts Returned from Infill Drilling At Kat Gap

Classic Minerals Limited Receives Assay Results from Its Extensive Infill RC Drilling Program At Its Kat Gap Gold Project in Western Australia

Classic Minerals Limited announced that it has received AUD 4 million in funding

Classic Minerals Limited Reports It Has Struck Water in Its First Exploratory Drillhole At Its Flagship Kat Gap Gold Project

Classic Minerals Limited, Annual General Meeting, Jul 08, 2022

Classic Minerals Limited Announces KAT GAP Bulk Sample Exceeds 1000 Ounces

Classic Minerals Limited Announces Completion of Mining of Bulk Sample

No independent directors

Classic Minerals Limited Provides Kat Gap Update

Classic Minerals Limited Announces Officially Re-Commenced Bulk Sample Mining At Its 100% Owned Kat Gap Gold Project

Tribitrage Holdings Pty Ltd acquired 80% interest in Lithium Interest Rights at two Kat Gap mining Tenements near the Southern Cross region of WA from Classic Minerals Limited (ASX:CLZ) for AUD 0.3 million.

Classic Minerals Limited announced that it expects to receive AUD 0.205 million in funding

Classic Minerals Limited announced that it expects to receive AUD 2.77508 million in funding

Classic Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2.395 million.

Classic Minerals Limited announced that it has received AUD 0.3 million in funding

Classic Approved for Trial Mining with Intensive Exploration At Kat Gap Via Extraction of Bulk Sample

Classic Minerals Limited Announces Lodgedment of the Remaining Two Required Environmental Approval Applications to DMIRS for the Proposed Kat Gap Mine Development Footprint

Classic Minerals Limited Commences Delivery of Gekko Plant to Kat Gap

Classic Minerals Limited Completes RC Infill Drilling at Kat Gap Project

Classic Minerals Limited (ASX:CLZ) acquired 100% interest in licenses P74/383 and P74/384 from Goldbridge Pty Ltd.

Classic Minerals Limited Announces Infill and Extensional Drilling Delivers More High-Grade Gold Intercepts at Kat Gap

Classic Minerals Limited announced that it has received AUD 1.2 million in funding

Classic Minerals Limited announced that it expects to receive AUD 0.5492 million in funding

Shareholder Returns

Price Volatility

About the Company

Classic Minerals Limited Fundamentals Summary