Mining

Torrens Mining Limited (ASX:TRN)

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

Market Price : AUD 0.160.005 (3.226%)

(as on 2022-01-19 20:57:36 AEDT)

Market Cap : AUD 18.152 M

Previous Close Open Close* Day Range 52 WEEK HIGH LOW
0.155 0.16 0.16 0.155L 0.170 H 0.125L 0.345 H
Last Trade 0.16
Change% 3.2258
52 W H/L 0.345/0.125
EBITDA -3.083 M
NPAT After Abnormal Items -3.085 M
Equity 7.31 M
ROE% -42.21%
Total Liabilities 760,203
Total Revenue 1,474
Cash and Cash Equivalents 7.877 M

Stock Information

Share price 0.16
Market Cap 18.152 M
Price/Gross Cash Flow -1.64
Dividend Yield Excluding Special 0.00%
Ending Shares 14.702 M
52-Week Range 0.345-0.125
P/E ratio 0.000
Sector P/E --
EPS -3.47
EV/EBITDA --
Net Profit Margin (%) -209,315.88%
Gross Cash Flows Per Share -0.02
Net Gearing -107.76%
Gross DPS (AUD) 0
Gross Dividend Yield (Annualized) 0.00%
Earnings Yield 0.000
Net Tangible Asset (NTA) 0.50
Sales Per Share 0.00
Book Value Per Share 0.50

Announcements

Heading Date/Time
Quarterly Activities/Appendix 5B Cash Flow Report  29/10/2021 7:25PM
Letter to Shareholders - Notice of Annual General Meeting  29/10/2021 12:48PM
Notice of Annual General Meeting/Proxy Form  29/10/2021 12:34PM
Emmie Bluff IOCG Drilling Intersects More Copper  06/10/2021 10:41AM
Date of AGM and Closing Date for Director Nominations  01/10/2021 4:28PM
Investor Presentation  01/10/2021 9:10AM
Appendix 4G and Corporate Governance Statement  30/09/2021 5:37PM
Annual Report to shareholders  30/09/2021 5:36PM
Highly Encouraging Gold System Confirmed at Northwood Hill  13/09/2021 8:20AM
Appointment of Joint Company Secretary and CFO  10/09/2021 12:43PM
Application for quotation of securities - TRN  07/09/2021 8:21AM
Release from Escrow  26/08/2021 4:59PM
Emmie Bluff Deeps IOCG High Grade Assay Results  23/08/2021 10:22AM
Trading Halt  20/08/2021 9:34AM
Quarterly Activities/Appendix 5B Cash Flow Report  30/07/2021 5:52PM
Emmie Bluff Deeps IOCG Drilling Assay Results  28/07/2021 9:46AM
Trading Halt  26/07/2021 1:28PM
Pause in Trading  26/07/2021 1:07PM
New Gold & Copper Soil Targets Identified at Mt Piper  21/07/2021 8:20AM
Strong Gold Mineralisation Intersected at Northwood Hill  12/07/2021 9:18AM
Ceasing to be a substantial holder  25/06/2021 4:53PM
Follow-Up Drilling Underway at Emmie Bluff Deeps IOCG  17/06/2021 10:02AM
Diamond Drilling Commences at Northwood Hill Gold Prospect  15/06/2021 8:25AM
IOCG Mineralisation Intersected at Emmie Bluff  09/06/2021 9:51AM
Trading Halt  07/06/2021 9:22AM
Aeromagnetics Commenced Over Northwood Hill Gold Prospect  03/06/2021 1:53PM
Appendix 2A  25/05/2021 4:49PM
Release from Escrow  14/05/2021 5:04PM
Change of Director's Interest Notice  11/05/2021 8:17AM

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About Company

Torrens Mining Limited (ASX:TRN) is an Australian mineral explorer focused on gold, copper, and cobalt assets. The Company is a new entrant to the official ASX list, with a listing date of 7 January 2021.

Founded in 2014, Torrens has a strong track record of project exploration and development. The Company owns major exploration rights in the Central and Eastern Victorian Goldfields of Australia.

The Company owns and operates the Mt Piper Gold Project in Central Victorian Goldfield. The project area boasts of exciting Fosterville-style gold targets. The project is located 30km south-east of the Fosterville Gold Mine and adjacent to the Costerfield Gold Mine.

Its Club Terrace Copper and Gold Project sits within a fault-controlled gold region in eastern Victoria.

The Company also holds a significant interest of 30% in the Elizabeth Creek Copper-Cobalt Project in South Australia. Apart from these, the Company also holds a 100% interest in the Laloki Project in Papua New Guinea. The Laloki Project hosts VMS style high-grade gold and copper mineralisation.

Torrens is working on a strategy to build a robust exploration and mining business. To achieve its strategic goal, the Company is employing state-of-the-art exploration to unlock the potential of its projects. The diversified mining portfolio provides a unique opportunity to grow shareholders’ value and maximise their returns.

The Company has devised a three-tier strategy to focus on its exploration and development opportunities. The first part of the strategy includes the Elizabeth Creek Project. The Company is engaged in the project through a joint venture with Coda Minerals (ASX:COD). The project is located in close vicinity of Australia’s largest underground project – Olympic Dam. The Elizabeth Creek Project has significant copper-cobalt potential along with IOCG targets.  

The second part of the strategy involves the exploration and development of its fully owned Victorian Goldfield projects. Mt Piper and Club Terrace have strong gold anomalisms.

Torrens’ third part of the strategy involves the commencement of exploration on the high-grade Laloki copper-gold project in PNG. The application for exploration rights and licences are under review by the regulatory authorities.  

Corporate Information

company address Level 11, 216 St Georges Terrace, PERTH, WA, AUSTRALIA, 6000

company phone+61 8 9481 0389

company email[email protected]

company websitehttps://www.torrensmining.com/

Dividends

Year-end Date Franking DPS (AUD) Dividend Yield
30/06/2021 -- 0.000 0.00%
30/06/2020 -- 0.000 --

Event Calendar

Event Type Event Date Event Year
Report (Quarterly) 2022-10-28 2022
Report (Annual) 2022-09-29 2022
Report (Quarterly) 2022-07-29 2022
Report (Quarterly) 2022-04-29 2022
Report (Quarterly) 2022-01-28 2022

Financials

Breakdown 30/06/2021 30/06/2020
Trading Revenue 1,474 --
Other Revenue 0 0
Total Revenue 1,474 0
Interest Income 0 0
Interest Expenses 0 0
Expenses -3.085 M 0
EBITDA -3.083 M 0
Depreciation and Amortization -1,997 0
Depreciation -1,997 0
Amortisation 0 0
EBIT -3.085 M 0
Pre Tax Profit -3.085 M 0
Tax Expense 0 0
Net Profit After Tax -3.085 M 0
Minority Interest 0 0
Preference Dividend 0 0
Net Abnormal Items 0 0
Reported Net Profit After Abnormal Items -3.085 M 0
Ending Shares 14.702 M 113.452 M
Weighted Average Shares 88.847 M 113.452 M
EPS After Abnormal Items (cents) -3.47 0
Breakdown 30/06/2021 30/06/2020
Total Current Assets 8.051 M 9.844 M
Total Non Current Assets 19,800 0
Total Assets 8.07 M 9.844 M
Total Current Liabilities 760,203 265,293
Total Non Current Liabilities 0 0
Total Liabilities 760,203 265,293
Net Assets 7.31 M 9.579 M
Breakdown 30/06/2021 30/06/2020
Net Operating Cash -1.914 M 0
Net Invested Cash -21,797 0
Net Financing Cash Flows 9.365 M 0
Beginning Cash 447,930 0
End Cash Position 7.877 M 0
Exchange Rate Adjustments 0 0
Other Cash Adjustments 0 0
Ending Cash 7.877 M 0

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