Argonaut Resources NL
ARE.AX
Australian Securities Exchange0.09
AUD
+0.00
- -
ISIN
AU000000ARE9
CUSIP
Q05060100
Return %
Stock
S&P500
1Y
-30.00
26.53
3Y
-90.31
76.60
5Y
-93.02
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael Robert Billing BBus,
- Full Time Employees
- 42
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 100 Pirie Street Adelaide SA Australia 5000
- IPO Date
- Jul 26, 1999
- Website
- argonautresources.com
- Similar Companies
- Business
- Argonaut Resources NL (ASX:ARE) is a mineral exploration and development company focused on copper, lithium, gold, and zinc deposits with operations in Zambia and Australia. The company holds interests in key projects including the Nyungu copper discovery in Zambia's North-Western Province, which features an Exploration Target of 130-180Mt at 0.45%-0.65% copper; lithium properties such as Crescent Lake and Greenbush Lake in Ontario, Canada; iron oxide-copper-gold (IOCG) targets in South Australia; and a 100% owned zinc-copper resource in Queensland, Australia. It provides exploration services targeting IOCG, porphyry, and sediment-hosted copper systems, as well as lithium pegmatites and volcanogenic massive sulfide deposits; additional commodities include iron oxide, cobalt, nickel, and uranium in prospective jurisdictions. Founded in 1986 and headquartered in Unley, South Australia, Argonaut Resources operates primarily in Australia, Zambia, and Canada, serving institutional investors and mining partners seeking high-potential resource opportunities. The company maintains a diversified portfolio across the Eastern Gawler Craton in South Australia, including the Murdie licences for copper-gold exploration; the Frome Embayment for uranium and base metals; and large-scale IOCG targets like Lumwana West. Recent developments include the appointment of Richard Willson as Company Secretary in August 2023 and Executive Director in June 2023, alongside options issuances to directors such as 1-2 million options each to Michael Billing, Simon Mitchell, and others at $0.099 in December 2023 to support exploration funding. In October 2023, substantial shareholders Cleland Projects Pty Ltd and Paul John Pheby increased stakes to 12.93% and 16.32% respectively through rights issues and placements, bolstering capital for drilling programs. The company continues advancing drilling at Nyungu and other targets, with a strategic shift toward rapid development of financeable copper and lithium assets amid rising commodity prices.