Danakali Ltd.
OOTC:SBMSF0.08
USD
0.00
(0.00%)
Danakali Ltd.
OTC:SBMSF
(OTC Markets)
Recent
price
0.08
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
AUD
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.- Similar Companies
- Business
- Danakali Limited is an Australian mineral exploration and resource development company engaged in the acquisition, exploration, evaluation, and development of precious, base, and critical mineral properties. Founded in 2001 as South Boulder Mines Ltd and rebranded as Danakali Limited in 2015, the company is headquartered in North Perth, Western Australia. The company operates through the mineral exploration and project development sector, with core activities and technical services comprising geological mapping, geochemical sampling, and geophysical surveys; reverse circulation and diamond core drilling campaigns; mineral resource estimation and mine feasibility analysis; tenement portfolio management and asset acquisition; environmental, social, and governance compliance studies; and metallurgical testing and project commercialization across gold, copper, and critical mineral targets, alongside historical technical development in sulphate of potash and specialty fertilizer resources. Danakali directs its operational focus toward high-prospectivity jurisdictions within the Arabian-Nubian Shield, encompassing regions across Eritrea and Saudi Arabia, as well as established mineral provinces in Western Australia, including the Gascoyne and Murchison regions, targeting international commodity markets, smelters, and industrial mineral end-users. In recent major operational and corporate developments, Danakali completed the divestment of its 50 percent equity interest in the Colluli Mining Share Company, owner of the Colluli Potash Project in Eritrea, to Sichuan Road and Bridge Group for approximately AUD 240 million, returning approximately AUD 162 million in cash proceeds directly to shareholders. Retaining substantial treasury reserves to finance its next phase of growth, Danakali implemented a major strategic pivot focused on assembling a multi-jurisdictional exploration portfolio targeting copper, gold, and critical energy transition minerals, and transitioned its primary securities listing from the Australian Securities Exchange to the National Stock Exchange of Australia.