Strike Resources Limited
AASX:SRK0.02
AUD
0.00
(0.00%)
ISIN
AU000000SRK8
Return %
Stock
S&P 500
1Y
-54.76
14.20
3Y
-64.81
81.12
5Y
-84.17
68.34
Capital Structure
AUD
•
in mil. unless spec.Working Capital
AUD
•
in mil. unless spec.Growth Rates
AUD
•
in mil. unless spec.Semi-annual Revenue
AUD
•
in mil. unless spec.Semi-annual Earnings Per Share
AUD
•
in mil. unless spec.Semi-annual Dividends Per Share
AUD
•
in mil. unless spec.Company Description
- CEO
- Yaqoob Khan
- Full Time Employees
- 7
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Mia Yellagonga Tower 3 West Perth WA Australia 6000
- IPO Date
- Jan 18, 2000
- Website
- strikeresources.com.au
- Similar Companies
- Business
- Strike Resources Limited (ASX:SRK), founded in 1999 and headquartered in West Perth, Western Australia, operates as a mineral exploration and development company focused primarily on iron ore assets; it holds a 56% interest in Apurimac Ferrum S.A.C., owner of the high-grade Apurimac Iron Ore Project in southern Peru's Southern Highlands, encompassing approximately 72,800 hectares with JORC resources of 373 million tonnes at 57.3% Fe, including the Opaban concessions suitable for direct shipping ore production of Apurimac Premium Lump (~65% Fe); it also maintains a 27.7% stake (31.01 million shares) in Lithium Energy Limited (ASX:LEL), which develops battery minerals assets such as the Burke, Mt Dromedary, and Corella graphite projects in Queensland, Australia, the Capricorn Gold-Copper Belt project, and the White Plains lithium brine project in Utah, USA, following the spin-out of these assets in May 2021 and the pending sale of LEL's Solaroz lithium brine project in Argentina; additionally, Strike previously held interests in the Paulsens East Iron Ore Project in Western Australia's Pilbara region and exploration tenements in Argentina. The company targets international trading houses and steelmakers with its premium lump DSO products; geographic operations span Peru for iron ore development, Australia for corporate management and graphite/lithium investments, and residual exploration in Argentina. Recent developments include the March 2024 sale of the Paulsens East Iron Ore Project to Miracle Iron Holdings Pty Ltd for A$20.5 million, bolstering cash reserves to over A$5.4 million by December 2024; advancement of the Apurimac project through submission of an Environmental Impact Assessment for the Opaban 1 drilling program, engagement with local artisanal miners for startup mining, finalization of trucking, crushing, and port access arrangements at San Juan de Marcona, and negotiations for offtake agreements and project financing with international trading houses; a Letter of Intent submitted to Peru's Ministry of Transport and Communications for collaboration on the Andahuaylas-Marcona Railway project to enable 15-20 million tonnes per annum exports; progression on its 27.7% LEL stake amid LEL's Solaroz project sale to CNGR for US$63 million (with US$6 million received in January 2025 and balance due in tranches) and spin-out of Axon Graphite Limited via ASX IPO; directorate changes with Matthew Hammond's retirement and William Johnson's transition to Executive Chairman; and a Change of Address announced in November 2025.