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General Information

Sirius Resources NL
SIR
http://www.siriusresources.com.au
Diversified Metals & Mining
1,414
412

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$3.48 $3.39 $3.49 $3.39 $3.43 552435 $0.05 ( 1.46% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Buy
30/06/2015
2

Company Overview

Business Description
Sirius Resources NL (SIR) is an exploration company focusing on discovering gold, nickels and base metals located predominantly in Western Australia. SIR currently focuses on its nickel-copper Nova-Bollinger Project.
Strategy Analysis
Gold production is sourced from the company's 100% owned Norseman mines. Davyhurst is being placed on care and maintenance due to reserve exhaustion. Management will continue its aggressive exploration push to expand Norseman reserves and test any promising open pittable targets. The style of Norseman's mineralisation means the mine is unlikely to ever have a long reserve life ahead of it. Management has announced its intention to sell the Hannan South/Binduli operations but to date has been unsuccessful. Funds will be used to fast track expansion of gold production from Norseman through development of the Patrick's and Norseman reefs and through regional exploration.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 0.0 -8.8 0.0% 0.0 0.0 0.0% 0.0%
2015 F 0.0 -5.9 0.0% 0.0 0.0 0.0% 0.0%
2014 A -19.0 -8.2 0.0% 0.0 0.0 0.0% 0.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
BHP Billiton (BHP) $86,876M 0.1223 -0.2501 -0.3978 11.1657 14.8905 24.7280 4.30% 5.93% 5.92%
Iluka Resources (ILU) $3,216M -0.5350 1.4432 0.6627 53.8569 22.0436 13.2574 2.47% 3.77% 4.99%
Rio Tinto (RIO) $22,800M -0.1938 -0.4311 0.0823 8.6829 15.2621 14.1013 4.88% 5.46% 5.75%
South32 (S32) $9,530M 0.0000 0.0000 -0.0759 0.0000 10.3768 11.2296 0.00% 0.00% 4.33%
Sirius Resources (SIR) $1,360M 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.00% 0.00% 0.00%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 3.00 0.00 3.50 0.00
Market 1.04 13.20 1.03 0.54
Sector 0.73 11.80 0.67 0.34

Directors

Name Position Start Date
Dr Mark Anthony Bennett Chief Executive Officer, Managing Director 31/08/2009
Ms Anna Neuling Company Secretary, Executive Director-Corporate and Commercial 17/09/2012
Mr Jeffrey Dowling Non-Executive Chairman 28/02/2013
Mr Terrence (Terry) Ronald Grammer Non-Executive Director 25/06/2010
Mr Neil Fredrick Warburton Non-Executive Director 01/08/2013
Mr David Anthony Craig Non-Executive Director 01/10/2013

Management

Name Position
Sean Delaney Chief Finance Officer
Grant Dyker Chief Financial Officer
Rob Dennis Chief Operating Officer

Substantial Shareholders

Holding Name
144,092,299 (35.02%) Yandal Investments Pty Ltd
16,695,188 (5.35%) National Australia Bank Limited and associated companies
20,953,179 (5.09%) Commonwealth Bank of Australia

Calendar of Events

Date Event
28 April 2016 Report (Quarterly)
27 January 2016 Report (Quarterly)
28 October 2015 Report (Quarterly)
21 October 2015 Report (Annual)
13 July 2015 Report (Quarterly)
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