Lord Resources Limited is an Australian exploration company with a focus on the exploration and development of mineral resource projects within Western Australia. The company’s exploration portfolio includes projects that offer exposure to commodities such as lithium, nickel, platinum group elements (PEG), and gold, showcasing a diversified approach to mineral exploration.
Financial Performance
For the fiscal year ending June 30, 2022, Lord Resources Limited reported sales of AUD 0.014352 million, a significant increase from AUD 0.000036 million in the previous year. Despite this revenue, the company recorded a net loss of AUD 1.39 million, compared to a loss of AUD 0.179066 million the year before. The basic and diluted loss per share from continuing operations was reported at AUD 0.077, marking a significant increase from AUD 0.03 in the previous year.
Market Performance and Capitalization
The market capitalization of Lord Resources Limited has been reported at approximately AUD 2.3 million. However, it’s important to note that the company has been characterized by a high level of share price volatility in recent months, and its performance has underperformed both the Australian Metals and Mining industry and the broader Australian market over the past year.
Management and Governance
The company is led by Mr. Barnaby Ian Robert Egerton-Warburton as Managing Director, with Mr. Paul Geoffrey Lloyd serving as the Non-Executive Chairman and Non-Executive Director. Mr. Christopher (Chris) Swallow is another key figure, serving as a Non-Executive Director. Notably, significant transactions by directors in the company’s securities have been recorded, indicating active management and governance participation in the company’s equity.
Investment Considerations
Investors considering Lord Resources Limited should be aware of the challenges it faces, including the earnings decline over the past five years, the small market capitalization, and revenue generation that is currently less than USD 1 million. Shareholders have also experienced dilution in the past year. However, the company’s focus on exploring for critical and valuable minerals like lithium and gold in a geopolitically stable region could present potential upside if successful exploration results are achieved.
Lord Resources Limited’s strategic exploration activities, management team’s involvement, and recent financial performance highlight both the risks and opportunities inherent in investing in the exploration sector. Potential investors should conduct thorough due diligence and consider the volatile nature of the exploration industry when evaluating Lord Resources Limited as an
