Classic Minerals (DB:2I7) - Stock Price, News & Analysis

2I7 Stock Overview

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

2I7 fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Risk Analysis

Does not have a meaningful market cap (€2M)

Makes less than USD$1m in revenue (A$988K)

Negative shareholders equity

Shareholders have been substantially diluted in the past year

+ 2 more risks

Classic Minerals Limited Competitors

Castle Minerals

ASX:CDT

AU$3.4m

OzAurum Resources

ASX:OZM

AU$5.1m

OTI Greentech

DUSE:NSAK

€571.0k

Argo Gold

CNSX:ARQ

CA$5.1m

Price History & Performance

Summary of all time highs, changes and price drops for Classic Minerals
Historical stock prices
Current Share Price	AU$0.0005
52 Week High	AU$0.025
52 Week Low	AU$0.0005
Beta	0.19
11 Month Change	0%
3 Month Change	0%
1 Year Change	-98.00%
33 Year Change	-99.99%
5 Year Change	-99.99%
Change since IPO	-99.99%

Recent updates

Shareholder Returns

	2I7	DE Metals and Mining	DE Market
7D	0%	2.9%	-0.02%
1Y	-98.0%	-27.2%	8.2%

Return vs Industry: 2I7 underperformed the German Metals and Mining industry which returned -27% over the past year.

Return vs Market: 2I7 underperformed the German Market which returned 7.4% over the past year.

Price Volatility

Is 2I7's price volatile compared to industry and market?
2I7 volatility
2I7 Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: Data is not available.

Volatility Over Time: Insufficient data to determine 2I7's volatility change 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?
2I7 fundamental statistics
Market cap	€964.02k
Earnings (TTM)	-€11.37m
Revenue (TTM)	€617.05k

1.6x

P/S Ratio

-0.1x

P/E Ratio

Is 2I7 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
2I7 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)	-0.012
Gross Margin	100.00%
Net Profit Margin	-1,842.88%
Debt/Equity Ratio	-111.6%

How did 2I7 perform over the long term?

See historical performance and comparison

2I7 Stock Overview

Risk Analysis

Classic Minerals Limited Competitors

ASX:CDT

AU$3.4m

ASX:OZM

AU$5.1m

DUSE:NSAK

€571.0k

CNSX:ARQ

CA$5.1m

Price History & Performance

Recent News & Updates

Classic Minerals Limited, Annual General Meeting, Nov 29, 2024

Classic Minerals Limited Announces Resignation Stephen John O'grady as Non-Executive Director

New minor risk - Financial data availability

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.

Recent updates

Classic Minerals Limited, Annual General Meeting, Nov 29, 2024

Classic Minerals Limited Announces Resignation Stephen John O'grady as Non-Executive Director

New minor risk - Financial data availability

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.

No independent directors

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.

No independent directors

No independent directors

No independent directors

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

Shareholder Returns

Price Volatility