Latest news with #ChaliceMining
ABC News
25-05-2025
- Business
- ABC News
Critical minerals take back seat in WA as gold hits record prices
In Australia's resources sector, Tim Goyder has been the man with the Midas touch in recent years. At one point in 2023, his stock holdings in one-time market darlings Liontown Resources and Chalice Mining saw him become a paper billionaire with an estimated net worth of $1.09 billion. But as fast as the Perth-based mining investor joined the Australian Financial Review's annual Rich List, such is the swings and roundabouts of commodity price cycles, he slipped off. That is not to say Mr Goyder has lost his golden touch, but his personal fortune reflects the downturn in critical minerals such as lithium and nickel. "Two years ago, everyone was saying lithium was the thing to be in, which I still believe," he said. Mr Goyder and his various investment arms control more than 333 million shares in Western Australia's newest lithium miner, Liontown Resources, worth $211.8 million at Friday's closing price of 63.5 cents. The company's $951 million Kathleen Valley lithium mine in WA's northern Goldfields shipped its first concentrate from Geraldton Port last September, supplying US electric vehicle manufacturers Ford and Tesla and South Korean battery maker LG Energy Solutions. The development of the long-life Kathleen Valley mine saw Liontown trade as high as $3.15 in June 2023, as US chemicals giant Albermarle circled with a $6.6 billion takeover bid before walking away during the due diligence process. Lithium's dramatic slump was underlined this month when Liontown received a state government support package in the form of waivers on port charges and tenement fees, as well as a $15 million interest-free loan until prices recover. "It's gratefully received from the WA government," Mr Goyder said. "They recognise it is an early mover industry, and every bit helps while lithium prices are low, but long term I think we've got a very, very good business." Another former market darling of Mr Goyder's is Chalice Mining, which has slowed development work for its Gonneville palladium-nickel-copper project near Toodyay in WA's Wheatbelt. His 7.8 per cent stake was worth $37.5 million at Friday's $1.23 market close, down from a record $9.86 in November 2021. In the meantime, Mr Goyder has turned his attention to gold as the precious metal soared above $5,000 an ounce in Australian dollar terms for the first time this year. As chairman of fledgling gold miner Minerals 260, and a 7.3 per cent major shareholder, he played a key role in January's $166.5 million acquisition of the Bullabulling project from Chinese-owned miner Norton Gold Fields. "We don't have buyer's remorse," Mr Goyder said. "After paying $72 an ounce, and given the gold price has risen almost $700 an ounce since we announced the deal, we don't have buyer's remorse." The Bullabulling mine, 65 kilometres south-west of Kalgoorlie-Boulder, closed in 1998 when the gold price was about $500 an ounce. Geologists have pored over old drilling data and estimate at least 2.3 million ounces of gold remains at Bullabulling, where Mr Goyder believes a mine employing 350 workers could be operational by 2028. "There's nothing better than seeing a development go ahead, jobs created, and wealth created for our shareholders," he said. Minerals 260's ASX ticker is MI6, and as one geologist pointed out during a recent field trip, they have been given a "licence to drill". Four drill rigs, and soon to be six, are turning as part of an 80,000-metre exploration campaign to find more pay dirt. "There is upside here there's no doubt, that's why we bought it," Mr Goyder said. "I'm sure once we go through all the studies, the economics are going to look very good." It is a familiar story across WA with old mines being dusted off like old newspapers amid this year's record gold prices. Among them is the Youanmi mine, about 400km east of Geraldton, which operated from 1987 to 1997 but closed when the gold price was about $450 an ounce. Perth-based Rox Resources has estimated it would cost $245 million to bring it into production. Rox has told the ASX it will complete a definitive feasibility study by the end of the year with the aim of entering production by mid-2027. At nearby Sandstone in the Mid West, WA gold miner Brightstar Resources has taken the first steps to revive mining, which ceased in 2010. The company is currently undertaking an 80,000-metre drilling campaign at Sandstone, with plans to restart production in 2028. It is funding those works by selling ore to processing plants surrounding its gold deposits at Laverton and Menzies in the northern Goldfields, a practice known as toll milling. Gold's current hot streak has seen even low-grade material become valuable again, highlighted this week at the Mt Fisher mine, a small open pit last mined in 1987 about 120km east of Wiluna. Old stockpiles, up to 195,000 tonnes of low-grade ore, that have sat at Mt Fisher for 38 years, are undergoing test work for a potential toll milling deal. "There's lots of ups and downs in the market … but the gold price has gone up exponentially in just two years," Mr Goyder said. "It's a great spot to be right now."
Business Insider
19-05-2025
- Business
- Business Insider
Morgans Reaffirms Their Buy Rating on Chalice Mining (C8U)
Morgans analyst Ross Bennett maintained a Buy rating on Chalice Mining (C8U – Research Report) on May 16 and set a price target of A$2.90. The company's shares closed last Friday at €0.64. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Bennett covers the Basic Materials sector, focusing on stocks such as Regis Resources Limited, Northern Star Resources Ltd, and Tesoro Gold. According to TipRanks, Bennett has an average return of 20.3% and a 71.43% success rate on recommended stocks. Chalice Mining has an analyst consensus of Strong Buy, with a price target consensus of €1.47, implying a 128.62% upside from current levels. In a report released on May 12, Bell Potter also maintained a Buy rating on the stock with a A$5.75 price target. The company has a one-year high of €1.21 and a one-year low of €0.44. Currently, Chalice Mining has an average volume of 3,365.
Business Insider
12-05-2025
- Business
- Business Insider
Chalice Mining (C8U) Gets a Buy from Bell Potter
Bell Potter analyst David Coates maintained a Buy rating on Chalice Mining (C8U – Research Report) today and set a price target of A$5.75. The company's shares closed last Friday at €0.63. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Coates is a 4-star analyst with an average return of 6.6% and a 52.38% success rate. Coates covers the Basic Materials sector, focusing on stocks such as Evolution Mining , AIC Mines Limited, and Regis Resources Limited. Chalice Mining has an analyst consensus of Strong Buy, with a price target consensus of €1.44. The company has a one-year high of €1.21 and a one-year low of €0.44. Currently, Chalice Mining has an average volume of 3,370.
Yahoo
05-03-2025
- Business
- Yahoo
ASX Penny Stocks Spotlight Chalice Mining And Two More Opportunities
As the global trade tensions escalate, Australian shares are feeling the impact, with a notable dip in response to new tariffs. In such uncertain market conditions, investors often look towards penny stocks for potential growth opportunities. While the term 'penny stocks' might seem outdated, these smaller or newer companies can offer affordable entry points and significant growth potential when backed by strong financials. Name Share Price Market Cap Financial Health Rating Regal Partners (ASX:RPL) A$3.16 A$1.06B ★★★★★★ EZZ Life Science Holdings (ASX:EZZ) A$1.75 A$82.55M ★★★★★★ GTN (ASX:GTN) A$0.545 A$107.02M ★★★★★★ IVE Group (ASX:IGL) A$2.38 A$368.64M ★★★★★☆ Bisalloy Steel Group (ASX:BIS) A$3.26 A$156.17M ★★★★★★ SHAPE Australia (ASX:SHA) A$2.82 A$233.32M ★★★★★★ MotorCycle Holdings (ASX:MTO) A$1.995 A$147.24M ★★★★★★ NRW Holdings (ASX:NWH) A$2.85 A$1.3B ★★★★★☆ CTI Logistics (ASX:CLX) A$1.73 A$134.96M ★★★★☆☆ Accent Group (ASX:AX1) A$1.98 A$1.12B ★★★★☆☆ Click here to see the full list of 1,015 stocks from our ASX Penny Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Chalice Mining Limited is a mineral exploration and evaluation company with a market capitalization of A$519.35 million. Operations: Chalice Mining Limited has not reported any specific revenue segments. Market Cap: A$519.35M Chalice Mining, with a market cap of A$519.35 million, is pre-revenue and currently unprofitable, yet holds potential due to its strategic focus on the Gonneville Project. The recent appointment of Dan Brearley as COO aims to advance this critical minerals project, leveraging his extensive experience in major mining developments. Despite no debt and a stable cash runway exceeding three years even if cash flow declines, challenges remain with increasing losses over five years and negative return on equity. Management changes include new Joint Company Secretaries to strengthen governance amid ongoing project developments. Jump into the full analysis health report here for a deeper understanding of Chalice Mining. Review our growth performance report to gain insights into Chalice Mining's future. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Echelon Resources Limited focuses on the exploration and production of oil and gas properties across New Zealand, Australia, and Indonesia, with a market cap of A$88.49 million. Operations: Currently, there are no reported revenue segments for Echelon Resources Limited. Market Cap: A$88.49M Echelon Resources, with a market cap of A$88.49 million, is experiencing challenges typical of penny stocks. Despite being pre-revenue, the company reported NZ$53.28 million in sales for the half-year ending December 2024 but saw net income decline to NZ$3.73 million from NZ$6.44 million a year prior due to large one-off losses affecting earnings quality. The management and board are seasoned, which may provide stability amidst volatility; however, profit margins have decreased significantly from 13.9% to 1.2%. Echelon's debt is well-covered by operating cash flow despite an increased debt-to-equity ratio over five years. Click to explore a detailed breakdown of our findings in Echelon Resources' financial health report. Learn about Echelon Resources' historical performance here. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Qualitas (ASX:QAL) is a real estate investment firm specializing in direct investments across various property classes and regions, distressed debt acquisitions and restructuring, third-party capital raisings, and consulting services, with a market cap of A$809.94 million. Operations: The company generates revenue through its Direct Lending segment, which accounts for A$23.03 million, and its Funds Management segment, contributing A$21.46 million. Market Cap: A$809.94M Qualitas, with a market cap of A$809.94 million, has demonstrated strong revenue growth, reporting A$50.14 million for the half-year ending December 2024 compared to A$42.52 million the previous year. The company boasts high-quality earnings and a seasoned management team with an average tenure of 2.7 years. Despite having more cash than total debt and improved profit margins from 23.7% to 27.6%, Qualitas faces challenges such as negative operating cash flow impacting debt coverage and dividends not being well covered by free cash flows, indicating potential risks typical of penny stocks in Australia. Click here to discover the nuances of Qualitas with our detailed analytical financial health report. Explore Qualitas' analyst forecasts in our growth report. Unlock our comprehensive list of 1,015 ASX Penny Stocks by clicking here. Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:CHN ASX:ECH and ASX:QAL. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
05-03-2025
- Business
- Yahoo
ASX Penny Stocks Spotlight Chalice Mining And Two More Opportunities
As the global trade tensions escalate, Australian shares are feeling the impact, with a notable dip in response to new tariffs. In such uncertain market conditions, investors often look towards penny stocks for potential growth opportunities. While the term 'penny stocks' might seem outdated, these smaller or newer companies can offer affordable entry points and significant growth potential when backed by strong financials. Name Share Price Market Cap Financial Health Rating Regal Partners (ASX:RPL) A$3.16 A$1.06B ★★★★★★ EZZ Life Science Holdings (ASX:EZZ) A$1.75 A$82.55M ★★★★★★ GTN (ASX:GTN) A$0.545 A$107.02M ★★★★★★ IVE Group (ASX:IGL) A$2.38 A$368.64M ★★★★★☆ Bisalloy Steel Group (ASX:BIS) A$3.26 A$156.17M ★★★★★★ SHAPE Australia (ASX:SHA) A$2.82 A$233.32M ★★★★★★ MotorCycle Holdings (ASX:MTO) A$1.995 A$147.24M ★★★★★★ NRW Holdings (ASX:NWH) A$2.85 A$1.3B ★★★★★☆ CTI Logistics (ASX:CLX) A$1.73 A$134.96M ★★★★☆☆ Accent Group (ASX:AX1) A$1.98 A$1.12B ★★★★☆☆ Click here to see the full list of 1,015 stocks from our ASX Penny Stocks screener. Below we spotlight a couple of our favorites from our exclusive screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Chalice Mining Limited is a mineral exploration and evaluation company with a market capitalization of A$519.35 million. Operations: Chalice Mining Limited has not reported any specific revenue segments. Market Cap: A$519.35M Chalice Mining, with a market cap of A$519.35 million, is pre-revenue and currently unprofitable, yet holds potential due to its strategic focus on the Gonneville Project. The recent appointment of Dan Brearley as COO aims to advance this critical minerals project, leveraging his extensive experience in major mining developments. Despite no debt and a stable cash runway exceeding three years even if cash flow declines, challenges remain with increasing losses over five years and negative return on equity. Management changes include new Joint Company Secretaries to strengthen governance amid ongoing project developments. Jump into the full analysis health report here for a deeper understanding of Chalice Mining. Review our growth performance report to gain insights into Chalice Mining's future. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Echelon Resources Limited focuses on the exploration and production of oil and gas properties across New Zealand, Australia, and Indonesia, with a market cap of A$88.49 million. Operations: Currently, there are no reported revenue segments for Echelon Resources Limited. Market Cap: A$88.49M Echelon Resources, with a market cap of A$88.49 million, is experiencing challenges typical of penny stocks. Despite being pre-revenue, the company reported NZ$53.28 million in sales for the half-year ending December 2024 but saw net income decline to NZ$3.73 million from NZ$6.44 million a year prior due to large one-off losses affecting earnings quality. The management and board are seasoned, which may provide stability amidst volatility; however, profit margins have decreased significantly from 13.9% to 1.2%. Echelon's debt is well-covered by operating cash flow despite an increased debt-to-equity ratio over five years. Click to explore a detailed breakdown of our findings in Echelon Resources' financial health report. Learn about Echelon Resources' historical performance here. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Qualitas (ASX:QAL) is a real estate investment firm specializing in direct investments across various property classes and regions, distressed debt acquisitions and restructuring, third-party capital raisings, and consulting services, with a market cap of A$809.94 million. Operations: The company generates revenue through its Direct Lending segment, which accounts for A$23.03 million, and its Funds Management segment, contributing A$21.46 million. Market Cap: A$809.94M Qualitas, with a market cap of A$809.94 million, has demonstrated strong revenue growth, reporting A$50.14 million for the half-year ending December 2024 compared to A$42.52 million the previous year. The company boasts high-quality earnings and a seasoned management team with an average tenure of 2.7 years. Despite having more cash than total debt and improved profit margins from 23.7% to 27.6%, Qualitas faces challenges such as negative operating cash flow impacting debt coverage and dividends not being well covered by free cash flows, indicating potential risks typical of penny stocks in Australia. Click here to discover the nuances of Qualitas with our detailed analytical financial health report. Explore Qualitas' analyst forecasts in our growth report. Unlock our comprehensive list of 1,015 ASX Penny Stocks by clicking here. Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:CHN ASX:ECH and ASX:QAL. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
