Mining

Musgrave Minerals Limited (ASX:MGV)

Industry Group : Materials | Industry Group Name : Metals & Mining

Market Price : AUD 0.38-0.005 (1.299%)

(as on 2021-10-24 00:10:53)

Market Cap : AUD 203.575 M

Previous Close Open Close* Day Range 52 WEEK HIGH LOW
0.385 0.38 0.38 0.3775L 0.385 H 0.25L 0.58 H
Last Trade 0.38
Change% -1.2987
52 W H/L 0.58/0.25
EBITDA -3.125 M
NPAT After Abnormal Items -2.881 M
Equity 48.022 M
ROE% -6.00%
Total Liabilities 1.288 M
Total Revenue 274,226
Cash and Cash Equivalents 20.911 M

Stock Information

Share price 0.38
Market Cap 203.575 M
Price/Gross Cash Flow -103.16
Dividend Yield Excluding Special 0.00%
Ending Shares 533.223 M
52-Week Range 0.25-0.58
P/E ratio 144.928
Sector P/E --
EPS -0.57
EV/EBITDA --
Net Profit Margin (%) --
Gross Cash Flows Per Share -0.00
Net Gearing -43.31%
Gross DPS (AUD) 0
Gross Dividend Yield (Annualized) 0.00%
Earnings Yield 0.690
Net Tangible Asset (NTA) 0.09
Sales Per Share 0.00
Book Value Per Share 0.09

Announcements

Heading Date/Time
Cleansing Statement  21/10/2021 4:35PM
Change of Director's Interest Notice  21/10/2021 4:28PM
Application for quotation of securities - MGV  21/10/2021 4:19PM
Cleansing Statement  15/10/2021 7:06PM
Change of Director's Interest Notice x 3  15/10/2021 7:03PM
Application for quotation of securities - MGV  15/10/2021 6:57PM
Proposed issue of securities - MGV  15/10/2021 5:13PM
Letter to Shareholders  15/10/2021 5:02PM
Annual Report to shareholders  15/10/2021 5:01PM
Notice of Annual General Meeting/Proxy Form  15/10/2021 5:00PM
Thick aircore intercepts enhance West Island Prospect  12/10/2021 9:08AM
Notification regarding unquoted securities - MGV  23/09/2021 5:24PM
Appendix 4G  21/09/2021 5:08PM
Corporate Governance Statement  21/09/2021 5:06PM
Full Year Statutory Accounts  21/09/2021 5:04PM
Change in substantial holding  17/09/2021 11:34AM
More thick intervals of near-surface gold at T14 & Big Sky  13/09/2021 8:24AM
Ceasing to be a substantial holder  03/09/2021 8:23AM
Annual General Meeting details  02/09/2021 4:23PM
Notification of cessation of securities - MGV  02/09/2021 10:48AM
Notification regarding unquoted securities - MGV  31/08/2021 2:20PM
Bonanza gold grades at White Heat, Cue  16/08/2021 8:11AM
Big Sky delivers more near-surface gold  12/08/2021 8:16AM
Company Presentation - Diggers and Dealers Mining Forum  04/08/2021 2:05PM
Quarterly Activities & Cashflow Report  30/07/2021 8:14AM
Significant gold intersections enhance Big Sky  19/07/2021 8:23AM
Noosa Mining & Exploration Investor Conference Presentation  15/07/2021 11:14AM
High-grade gold in basement at West Island - EVN Cue JV  30/06/2021 8:53AM
Change of Director's Interest Notice  29/06/2021 12:56PM

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About Company

Musgrave Minerals Limited (ASX: MGV) is a gold and base metal explorer based in Perth, Western Australia. It is committed to expand through discovering and developing gold and base metal resources. The company is geared towards the precious yellow metal exploration and development at the Cue Project, situated in well-endowed WA’s gold producing Murchison province.

The Cue project is proving to be significant, with the success of the Company’s exploration program at the project turning out to be transformational for Musgrave. The project hosts substantial gold resource inventory at its Lena and Break of Day deposit, where a high-grade, near-surface Starlight gold lode was discovered. 

Musgrave continues to witness significant upside at Cue while discovering gold outside the current resource boundaries. The Company’s systematic exploration is aimed at growing resources and assessing development options for delivering near-term cashflow. 

Furthermore, the exploration undertakings are being advanced on the Lake Austin area, a part of the Evolution Earn-in and Exploration Joint Venture. They are significantly unexplored, with high gold prospects.

The existing gold resources, including Lena and Break of Day and the Mainland option area, are not the part of the Evolution JV Agreement. 

Over the northern Cue tenure, including the Hollandaire copper deposit, Musgrave entered into a JV with Cyprium Metals Limited (ASX: CYM), which has 80% interest in the non-gold rights over the area with Musgrave free carried to completing a definitive feasibility study. Musgrave also retains full gold rights for gold dominant deposits. 

Furthermore, the Company currently holds tenement applications in the Musgrave region of South Australia. 

Corporate Information

company address Ground Floor, 5 Ord Street, WEST PERTH, WA, AUSTRALIA, 6005

company phone(08) 9324 1061

company email[email protected]

company websitehttp://www.musgraveminerals.com.au

Dividends

Ex-Dividend Date Franking DPS (AUD) Dividend Yield
30/06/2021 -- 0.000 0.00%
30/06/2020 -- 0.000 0.00%
30/06/2019 -- 0.000 0.00%
30/06/2018 -- 0.000 0.00%
30/06/2017 -- 0.000 0.00%
30/06/2016 -- 0.000 0.00%
30/06/2015 -- 0.000 0.00%
30/06/2014 -- 0.000 0.00%
30/06/2013 -- 0.000 0.00%
30/06/2012 -- 0.000 0.00%

Event Calendar

Event Type Event Date Event Year
Report (Annual) 2022-10-14 2022
Report (Quarterly) 2022-07-29 2022
Report (Quarterly) 2022-04-27 2022
Report (Quarterly) 2022-01-27 2022
Report (Quarterly) 2021-10-26 2021
Issued Shares 2021-10-25 2021

Financials

Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Trading Revenue -- -- -- -- --
Other Revenue 274,226 1.709 M 260,000 433,493 59,352
Total Revenue 274,226 1.709 M 260,000 433,493 59,352
Interest Income 63,010 52,911 108,996 66,077 66,273
Interest Expenses -22,570 -30,378 0 0 0
Expenses -3.063 M -620,573 -1.672 M -802,091 -5.588 M
EBITDA -2.789 M 1.088 M -1.412 M -368,598 -5.528 M
Depreciation and Amortization -132,783 -118,465 -25,747 -13,080 -14,630
Depreciation -132,783 -118,465 -25,747 -13,080 -14,630
Amortisation 0 0 0 0 0
EBIT -2.922 M 969,636 -1.438 M -381,678 -5.543 M
Pre Tax Profit -2.881 M 992,169 -1.329 M -315,601 -5.477 M
Tax Expense 0 0 0 126,126 236,366
Net Profit After Tax -2.881 M 992,169 -1.329 M -189,475 -5.24 M
Minority Interest 0 0 0 0 0
Preference Dividend 0 0 0 0 0
Net Abnormal Items 0 0 0 0 0
Reported Net Profit After Abnormal Items -2.881 M 992,169 -1.329 M -189,475 -5.24 M
Ending Shares 533.223 M 464.742 M 386.782 M 326.999 M 220.046 M
Weighted Average Shares 504.196 M 431.378 M 358.611 M 265.146 M 179.468 M
EPS After Abnormal Items (cents) -0.57 0.23 -0.37 -0.07 -2.92
Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Total Current Assets 21.246 M 9.407 M 3.83 M 5.814 M 4.043 M
Total Non Current Assets 28.064 M 21.235 M 16.557 M 10.912 M 5.211 M
Total Assets 49.31 M 30.642 M 20.387 M 16.726 M 9.254 M
Total Current Liabilities 1.249 M 1.347 M 294,574 639,819 468,365
Total Non Current Liabilities 38,813 185,880 0 0 10,238
Total Liabilities 1.288 M 1.533 M 294,574 639,819 478,603
Net Assets 48.022 M 29.109 M 20.092 M 16.086 M 8.776 M
Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Net Operating Cash -905,854 -204,432 -641,485 -115,306 -558,538
Net Invested Cash -7.345 M -1.465 M -6.201 M -4.99 M -3.809 M
Net Financing Cash Flows 20.039 M 7.249 M 5.156 M 6.775 M 5.852 M
Beginning Cash 9.123 M 3.544 M 5.23 M 3.56 M 2.075 M
End Cash Position 20.911 M 9.123 M 3.544 M 5.23 M 3.56 M
Exchange Rate Adjustments 0 0 0 0 0
Other Cash Adjustments 0 0 0 0 0
Ending Cash 20.911 M 9.123 M 3.544 M 5.23 M 3.56 M

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