1.11
+1.83%
Close of 9 Nov 2026, in AUD
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About Tolu Minerals
Its shares trade on ASX under the ticker TOK.AX. It has been listed since 10 November 2023. In the fiscal year to 31 December 2023, it reported revenue of A$118,440 and a net loss of A$4.9m. At that date it held total assets of A$23.8m and shareholders' equity of A$17.2m.
Tolu Minerals Ltd is a AU-based company operating in Metals & Mining industry. The company is headquartered in Brisbane, Queensland. The company went IPO on 2023-11-10. Tolu Minerals Limited is an Australia-based exploration and mining company. The firm has rights to three gold, silver and copper resource opportunities in Papua New Guinea (PNG). Its Tolukuma Gold Mine project (TGM) is located in the Goilala District of Central Province of Papua New Guinea, about 100 kilometers (km) north of the capital city, Port Moresby. The project consists of a mining lease, six exploration licenses and an exploration license application all in the immediate area surrounding Tolukuma for a total land holding across the Tolukuma epithermal structure of approximately 1,800 square kilometers (km2). The Mt Penck project is an epithermal gold-silver project, comprising a single exploration license, EL 2662, located in West New Britain Province, Papua New Guinea (PNG). The property is located adjacent to the north coast of New Britain and is readily accessible by road or boat from the town of Kimbe, located 55 km to the east.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 10 Nov 2023
- Website
- toluminerals.com ↗
Leadership
Pay as last reported
- Mr. John AndersonNon-Executive Chairman of the Board
- Mr. John MacphersonChief Executive Officer, Managing Director, Director, since 2021
- Mr. Craig DawsonChief Financial Officer, Assistant Company Secretary
- Mr. Howard LoleExecutive Director External Affairs, since 2020
- Mr. Richard MooreExploration Manager
- Mr. Naime OomeCompany Secretary
- Mr. Larry AndagaliNon-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
- Tolu Minerals holds rights to three resource opportunities in Papua New Guinea.
- The Tolukuma project covers approximately 1,800 square kilometers of land holding.
- The company operates in the Materials sector within the Metals and Mining industry.
Weaknesses
- The company is headquartered in Brisbane, Queensland, Australia, far from its assets.
- Tolu Minerals went public on 10 November 2023, indicating a recent market entry.
- The firm relies on exploration licenses rather than established production facilities currently.
Opportunities
- The Tolukuma Gold Mine project is located near Port Moresby in Central Province.
- The Mt Penck project is accessible by road or boat from Kimbe.
- Exploration licenses in West New Britain Province offer potential for new discoveries.
Threats
- The Tolukuma project involves complex mining lease and exploration license applications.
- Geographic isolation in Papua New Guinea may increase operational logistics challenges.
- Market volatility in the Metals and Mining sector affects valuation significantly.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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