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About Eastern Resources
Its shares trade on ASX under the ticker EFE.AX. It has been listed since 16 May 2008. In the fiscal year to 30 June 2025, it reported revenue of A$147,197 and a net loss of A$1.1m. At that date it held total assets of A$11.6m and shareholders' equity of A$11.4m.
Eastern Iron Ltd. engages in the exploration and delineation of iron ore, precious and base metals resources in Australia and Asia Pacific region. The company is headquartered in Sydney, New South Wales. The company went IPO on 2008-05-16. The firm's projects include Nowa Nowa Iron and Nowa Nowa Copper. Its Nowa Nowa Iron Project is located over 250 kilometers (km) east of Melbourne, which is close to the Princes Highway. Its mineral exploration license in Victoria, EL5545, covers an area of approximately 110 square kilometers near Buchan. Its mineral exploration license in Victoria, EL006183, covers an area of approximately 60 square kilometers just north of Nowa Nowa. The company also holds the Eulogie and Hawkwood magnetite projects in Central Queensland. Gippsland Iron Pty Ltd is the subsidiary of the Company.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 16 May 2008
- Website
- easterniron.com.au ↗
Leadership
Pay as last reported
- Mr. Ariel KingNon-Executive Chairman of the Board
- Ms. Michelle LilleyFinancial Controller, since 2012A$11,796
- Mr. Myles FangExecutive Director, since 2016
- Mr. Heath RobertsCompany Secretary
- Mr. Jason HouDirector
- Mr. Mark CalderwoodNon-Executive Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Eastern Iron Ltd possesses several key strengths that contribute to its success in the market. Firstly, the company benefits from a highly skilled and experienced management team, enabling efficient decision-making and strategic planning. This experienced team has a deep understanding of the iron industry, allowing Eastern Iron to stay competitive in the market.
- Secondly, Eastern Iron has established strong relationships and partnerships with key suppliers and customers. This enables the company to secure reliable sources of iron and efficiently distribute its products, ensuring a steady revenue stream. Additionally, these relationships allow Eastern Iron to stay informed about market trends and adapt its strategies accordingly.
- Furthermore, Eastern Iron boasts advanced technology and infrastructure, providing it with a competitive edge. This includes state-of-the-art mining equipment and efficient transport systems, allowing for cost-effective operations and timely delivery of products.
Weaknesses
- Despite its strengths, Eastern Iron also faces certain weaknesses that need to be addressed. One key weakness is its reliance on a single geographic location for iron mining. This leaves the company vulnerable to any disruptions or geopolitical risks specific to that region. Diversification of mining locations could help mitigate this risk.
- Another weakness is Eastern Iron's limited product portfolio. Focusing solely on iron products leaves the company susceptible to fluctuations in iron prices and demand. Diversifying its product range into related minerals or expanding into other markets could provide greater stability and growth opportunities.
Opportunities
- Eastern Iron Ltd has several opportunities for future growth and expansion. One opportunity lies in the increasing demand for iron in emerging markets, particularly in Asia. By targeting these markets and potentially establishing strategic partnerships, Eastern Iron can tap into this growing demand and increase its market share.
- Additionally, the company can explore opportunities in developing environmentally friendly and sustainable iron production methods. With a growing emphasis on environmental protection, Eastern Iron can position itself as a leader in eco-friendly mining and attract environmentally conscious customers.
Threats
- Eastern Iron faces potential threats that could impact its operations and profitability. One significant threat is the volatility of iron prices in the global market. Fluctuations in prices can significantly impact revenue and profitability, making it essential for Eastern Iron to closely monitor market trends and develop effective pricing strategies.
- Another threat is the increasing competition within the iron industry. Eastern Iron needs to constantly innovate and differentiate itself to stay ahead of competitors. Failure to do so may result in a loss of market share and reduced revenue.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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