Lode Resources Ltd
Lode Resources Ltd engages in identifying and evaluating mineral resource deposits in Australia. It explores for gold, silver, copper, precious and base metals, antimony, lead, and zinc. The company's flagship project owned 100% interests in the Montezuma Antimony project located in Tasmania's West Coast mining province. The company was incorporated in 2019 and is based in Sydney, Australia.
Lode Resources Ltd (LDR) - Net Assets
Latest net assets as of June 2025: AU$11.46 Million AUD
Based on the latest financial reports, Lode Resources Ltd (LDR) has net assets worth AU$11.46 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$13.36 Million) and total liabilities (AU$1.90 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$11.46 Million |
| % of Total Assets | 85.78% |
| Annual Growth Rate | 101.73% |
| 5-Year Change | 124.82% |
| 10-Year Change | N/A |
| Growth Volatility | 544.31 |
Lode Resources Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Lode Resources Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lode Resources Ltd (2019–2024)
The table below shows the annual net assets of Lode Resources Ltd from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$11.46 Million | +47.27% |
| 2023-12-31 | AU$7.78 Million | -12.50% |
| 2022-12-31 | AU$8.90 Million | +112.91% |
| 2021-12-31 | AU$4.18 Million | -18.05% |
| 2020-12-31 | AU$5.10 Million | +1388.00% |
| 2019-12-31 | AU$342.69K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lode Resources Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 296808900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$14.34 Million | 125.07% |
| Other Components | AU$116.00K | 1.01% |
| Total Equity | AU$11.46 Million | 100.00% |
Lode Resources Ltd Competitors by Market Cap
The table below lists competitors of Lode Resources Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tong-Hwa Synthetic Fiber Co Ltd
TW:1418
|
$10.53 Million |
|
PPX Mining Corp
PINK:SNNGF
|
$10.53 Million |
|
Ostim Endustriyel Yatirimlar ve Isletme AS
IS:OSTIM
|
$10.54 Million |
|
Table Trac Inc
OTCQX:TBTC
|
$10.54 Million |
|
3REN Berhad
KLSE:0328
|
$10.53 Million |
|
Unirea Shopping Center SA
RO:SCDM
|
$10.53 Million |
|
KKB Engineering Berhad
KLSE:9466
|
$10.53 Million |
|
PopReach Corporation
OTCQX:INIKF
|
$10.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lode Resources Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,784,423 to 11,463,909, a change of 3,679,486 (47.3%).
- Net loss of 1,606,368 reduced equity.
- Other factors increased equity by 5,285,854.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$-1.61 Million | -14.01% |
| Other Changes | AU$5.29 Million | +46.11% |
| Total Change | AU$- | 47.27% |
Book Value vs Market Value Analysis
This analysis compares Lode Resources Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 45.58x to 2.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | AU$0.00 | AU$0.17 | x |
| 2020-12-31 | AU$0.06 | AU$0.17 | x |
| 2021-12-31 | AU$0.05 | AU$0.17 | x |
| 2022-12-31 | AU$0.09 | AU$0.17 | x |
| 2023-12-31 | AU$0.07 | AU$0.17 | x |
| 2024-12-31 | AU$0.08 | AU$0.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lode Resources Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -14.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -81749.01%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.17x
- Recent ROE (-14.01%) is below the historical average (-13.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -6.52% | 0.00% | 0.00x | 1.02x | AU$-56.60K |
| 2020 | -11.27% | 0.00% | 0.00x | 1.03x | AU$-1.08 Million |
| 2021 | -23.22% | 0.00% | 0.00x | 1.11x | AU$-1.39 Million |
| 2022 | -12.54% | 0.00% | 0.00x | 1.07x | AU$-2.01 Million |
| 2023 | -15.00% | 0.00% | 0.00x | 1.02x | AU$-1.95 Million |
| 2024 | -14.01% | -81749.01% | 0.00x | 1.17x | AU$-2.75 Million |
Industry Comparison
This section compares Lode Resources Ltd's net assets metrics with peer companies in the Other Precious Metals & Mining industry.
Industry Context
- Industry: Other Precious Metals & Mining
- Average net assets among peers: $113,835,527
- Average return on equity (ROE) among peers: -62.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lode Resources Ltd (LDR) | AU$11.46 Million | -6.52% | 0.17x | $10.53 Million |
| 29METALS Ltd (29M) | $769.54 Million | 15.73% | 0.71x | $171.73 Million |
| Aic Mines Ltd (A1M) | $8.72 Million | -78.07% | 0.14x | $147.29 Million |
| Australian Critical Minerals Ltd (ACM) | $-14.00K | 0.00% | 0.00x | $1.43 Million |
| Alvo Minerals Ltd (ALV) | $3.02 Million | -198.12% | 0.08x | $2.34 Million |
| Alicanto Minerals Ltd (AQI) | $4.78 Million | -147.27% | 0.13x | $43.93 Million |
| Askari Metals Ltd (AS2) | $11.00 Million | -56.43% | 0.12x | $2.21 Million |
| Altitude Minerals Ltd (ATT) | $4.14 Million | -122.29% | 0.15x | $2.59 Million |
| Avira Resources Ltd (AVW) | $7.03 Million | -32.56% | 0.54x | $1.27 Million |
| Antipa Minerals Ltd (AZY) | $98.25 Million | -5.44% | 0.06x | $209.72 Million |
| Burgundy Diamond Mines Ltd (BDM) | $231.89 Million | -0.88% | 3.22x | $10.17 Million |