Mining

MRG Metals Limited (ASX:MRQ)

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

Market Price : AUD 0.0110 (0%)

(as on 2021-10-23 05:40:52)

Market Cap : AUD 16.947 M

Previous Close Open Close* Day Range 52 WEEK HIGH LOW
0.011 0.011 0.011 0.011L 0.012 H 0.006L 0.018 H
Last Trade 0.011
Change% 0.0000
52 W H/L 0.018/0.006
EBITDA -1.712 M
NPAT After Abnormal Items -665,660
Equity 5.562 M
ROE% -11.97%
Total Liabilities 127,040
Total Revenue 981
Cash and Cash Equivalents 1.611 M

Stock Information

Share price 0.011
Market Cap 16.947 M
Price/Gross Cash Flow -26.42
Dividend Yield Excluding Special 0.00%
Ending Shares 1.541 B
52-Week Range 0.006-0.018
P/E ratio 0.000
Sector P/E --
EPS -0.05
EV/EBITDA --
Net Profit Margin (%) --
Gross Cash Flows Per Share -0.00
Net Gearing -28.96%
Gross DPS (AUD) 0
Gross Dividend Yield (Annualized) 0.00%
Earnings Yield 0.000
Net Tangible Asset (NTA) 0.00
Sales Per Share 0.00
Book Value Per Share 0.00

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About Company

MRG Metals Limited (ASX:MRQ) is an explorer and developer of heavy mineral sands (HMS) explorer. The Company owns and operates on a tenure size of 746 square kilometres of granted exploration licences in Mozambique. The mineral footprint is likely to increase , owing to additional approvals under process. MRQ has set itself on a path to become one of the most significant HMS discoverers.

Heavy mineral sands or HMS are found in shoreline environments and contain titanium minerals and zircon. Titanium minerals from the HMS are processed to TiO2 feedstock concentrate while zircon is processed separately is a highly valuable part of the HMS suite. Titanium finds several industrial applications including, TiO2 pigment in paint, welding electrode fluxes and alloying agents with aluminium, iron, manganese, and molybdenum. The alloys prepared from titanium are widely used in the aerospace and aircraft manufacturing industry, where lightweight and strong materials are required. The alloys can also endure high temperatures making it suitable for manufacturing jet engines.

MRG Metals HMS project portfolio includes several high-grade targets. The Mozambique project has four high calibre projects- Corridor Projects, Marao, Marruca and Linhuane.  The Corridor Projects includes two contiguous projects, and MRQ has identified 13 high-priority targets within the corridor.

The Company has delivered a maiden JORC compliant mineral resource estimate of 1.4 Bt @ 5.2% total heavy mineral with 4% cut-off grade on the Koka Massava prospect. It has significant potential for resource upgrade as exploration and drilling activities are advancing further.

The outlook for mineral sands is improving, and demand for titanium oxide and titanium metal is rising. MRG Metals has a proven exploration method on the project which is rendering the discovery cost as low as one cent/tonne. The HMS project in Mozambique provides long-life and low-cost development opportunity to the Company.

 

Corporate Information

company address C/- RSM Australia, 12 Anderson Street West, BALLARAT, VIC, AUSTRALIA, 3350

company phone(03) 5330 5800

company email[email protected]

company websitehttp://www.mrgmetals.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) 2022-09-30 2022
Report (Quarterly) 2022-07-29 2022
Report (Quarterly) 2022-04-29 2022
Report (Quarterly) 2022-01-28 2022
Report (Quarterly) 2021-10-29 2021

Financials

Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Trading Revenue -- -- -- -- --
Other Revenue 981 28,679 18,593 0 200,633
Total Revenue 981 28,679 18,593 0 200,633
Interest Income 756 3,038 13,270 11,543 9,799
Interest Expenses 0 0 0 0 0
Expenses -667,397 -1.928 M -4.12 M -904,831 -799,654
EBITDA -666,416 -1.899 M -4.102 M -904,831 -599,021
Depreciation and Amortization 0 -957 -1,106 -1,106 -975
Depreciation 0 -957 -1,106 -1,106 -975
Amortisation 0 0 0 0 0
EBIT -666,416 -1.9 M -4.103 M -905,937 -599,996
Pre Tax Profit -665,660 -1.897 M -4.089 M -894,394 -590,197
Tax Expense 0 0 0 0 0
Net Profit After Tax -665,660 -1.897 M -4.089 M -894,394 -590,197
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 -665,660 -1.897 M -4.089 M -894,394 -590,197
Ending Shares 1.541 B 1.234 B 757.17 M 667.17 M 354.531 M
Weighted Average Shares 1.405 B 985.794 M 710.074 M 465.535 M 313.461 M
EPS After Abnormal Items (cents) -0.05 -0.19 -0.58 -0.19 -0.19
Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Total Current Assets 1.825 M 828,952 1.047 M 1.76 M 1.308 M
Total Non Current Assets 3.864 M 2.396 M 861,272 3.631 M 3.058 M
Total Assets 5.689 M 3.225 M 1.908 M 5.391 M 4.366 M
Total Current Liabilities 127,040 92,884 114,459 84,227 132,843
Total Non Current Liabilities 0 0 0 0 0
Total Liabilities 127,040 92,884 114,459 84,227 132,843
Net Assets 5.562 M 3.133 M 1.794 M 5.307 M 4.234 M
Breakdown 30/06/2021 30/06/2020 30/06/2019 30/06/2018 30/06/2017
Net Operating Cash -701,933 -853,529 -693,826 -6,175 -866,845
Net Invested Cash -1.305 M -1.126 M -606,807 -774,290 -693,114
Net Financing Cash Flows 2.896 M 2.277 M 0 1.925 M 2.068 M
Beginning Cash 721,248 423,937 1.725 M 579,964 72,206
End Cash Position 1.611 M 721,248 423,937 1.725 M 579,964
Exchange Rate Adjustments 0 0 0 0 0
Other Cash Adjustments 0 0 0 0 0
Ending Cash 1.611 M 721,248 423,937 1.725 M 579,964

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