1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Mineral Resources Limited
  6. News
  7. Summary
    MIN   AU000000MIN4

MINERAL RESOURCES LIMITED

(MIN)
  Report
Delayed Australian Stock Exchange  -  05/23 02:10:39 am EDT
59.64 AUD   -0.30%
05/22Native Mineral Resources Starts Gravity Survey at Helios Project in Western Australia
MT
05/20Aldrich Resources, Enrich Mining Extend MOU for Six Months
MT
05/19Mineral Resources Limited Announces Executive Appointments
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australian Goldfields Limited - Lithium Exploration at Cuprite West and Cuprite East

01/20/2022 | 10:15am EDT

Vancouver - Australian Goldfields limited (formerly Graphite Energy Corp.) (the 'Company') (CSE: AUGF) (OTC: GRXXF) (Frankfurt: G0A) is pleased to provide an exploration update for the Cuprite East and Cuprite West Projects located in the Pilbara Region of Western Australia.

The projects are two separate blocks with E45/4918 (Cuprite East) at 6,936 hectares and E45/5028 (Cuprite West) at 2,980 hectares. The region has a history of lithium exploration and production, with recent local developments drawing the interest of the Company.

Pilbara Area Lithium Activity

In 2017, Mineral Resources (ASX: MIN) Wodgina Lithium Mine began production of one of the world's largest, hard rock lithium operations.

Pilbara Minerals (ASX: PLS) Pilgangoora lithium operation, and Global Lithium Resources Marble Bar Lithium Deposit, are also located in the Pilbara mining region.

December 2021, Chilean lithium producer SQM (Sociedad Quimica y Minera de Chile NYSE:SQM) announced a joint venture with Kalamazoo Resources (ASX:KZR) on KZR's Dom's Hill Lithium Project.

The AUGF Cuprite West and Cuprite East Projects are strategically located on either side of the KZR Dom's Hill Property.

The first phase of evaluation will comprise a satellite imagery program combined with a ground sampling program. Local geology is interpreted as Archaen granite-greenstone. The contact zones between the granite and greenstone are interpreted as being the areas of exploration interest. Further news on the exploration program is expected later this month.

Contact:

Adrian Hobkirk

Tel: 954-684-8040

Email: info@australiangoldfields.com

Web: www.australiangoldfields.com

This news release contains certain 'forward-looking statements' within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward looking statements.

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
KALAMAZOO RESOURCES LIMITED 4.29% 0.365 Delayed Quote.-7.89%
MINERAL RESOURCES LIMITED -0.30% 59.64 Delayed Quote.6.82%
OZ LITHIUM CORPORATION -31.25% 0.11 Delayed Quote.15.79%
PILBARA MINERALS LIMITED -1.40% 2.81 Delayed Quote.-10.94%
SOCIEDAD QUÍMICA Y MINERA DE CHILE S.A. 5.58% 100.75 Delayed Quote.89.29%
All news about MINERAL RESOURCES LIMITED
05/22Native Mineral Resources Starts Gravity Survey at Helios Project in Western Australia
MT
05/20Aldrich Resources, Enrich Mining Extend MOU for Six Months
MT
05/19Mineral Resources Limited Announces Executive Appointments
CI
05/17Dolly Varden Silver Mobilizes Three Drill Rigs For Initial 30,000 Meters of Drilling on..
MT
05/17Leading Edge Materials Signs Exploration License For Romanian Nickel and Cobalt Project
MT
05/17MINERAL RESOURCES : Zimi Meka joins MinRes Board
PU
05/17Mineral Resources Limited Appoints Zimi Meka as Non-Executive Director
CI
05/16Native Mineral Resources Identifies Alterations at Helios Project
MT
05/15MINERAL RESOURCES : Shelley shapes the future
PU
05/12Mineral Resources Limited Announces Board Changes
CI
More news
Analyst Recommendations on MINERAL RESOURCES LIMITED
More recommendations
Financials
Sales 2022 3 400 M 2 389 M 2 389 M
Net income 2022 466 M 328 M 328 M
Net Debt 2022 197 M 138 M 138 M
P/E ratio 2022 22,9x
Yield 2022 1,44%
Capitalization 11 221 M 7 885 M 7 885 M
EV / Sales 2022 3,36x
EV / Sales 2023 2,11x
Nbr of Employees -
Free-Float 85,6%
Chart MINERAL RESOURCES LIMITED
Duration : Period :
Mineral Resources Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MINERAL RESOURCES LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 59,82 AUD
Average target price 66,55 AUD
Spread / Average Target 11,2%
EPS Revisions
Managers and Directors
Christopher J. Ellison Managing Director & Executive Director
Mark Gregory Wilson Chief Financial Officer & Co-Secretary
James Timothy McClements Independent Non-Executive Chairman
Mike Grey Chief Operating Officer
Kelvin Edward Flynn Non-Executive Director
Sector and Competitors