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Company Information

Company at a Glance

Industry:
Metals & Mining
Fiscal Year-End:
Jun 10

Company Overview

Catalpa Resources Ltd (CAH), formerly Westonia Mines Limited (WEZ) is an exploration company primarily searching for gold with tenements mainly in Australia. Key projects are in the Westonia Greenstone Belt, near Southern Cross in Western Australia. Exploration companies aim to discover and delineate occurrences of metals and minerals that can be economically mined and extracted.

Company History

The company listed on the 20 August, 2002. In September 2008, WEZ changed its name to Catalpa Resources Ltd (CAH).

Industries Of Operation

CAH operates in the Materials sector, specialising in exploring for gold and nickel sulphides. The company concentrates its operations within Australia. The process from initial exploration surveys to the definition of an orebody through drilling takes a number of years. Production methods vary depending on commodity, grades, scale of operations and open cut or underground mining.

Differentiating Factor

The Westonia Project's current open pit reserve is 15.6 Mt @ 1.37g/t for a contained 687,000 ounces.
Inferred resources and low grade dumps should add another 100,000 ounces. Resources base to 300 m is now 1.4 million ounces and planned production of around 100,000 ounces/year over 7 years from the initial open pit

Major Customers & Competitors

CAH does not have any customers yet as it is still exploring for gold. However, there are many competitors within the Western Australia region all exploring for gold. Examples of threats include MDS (Midas Resources) and MEE (Metex Resources Limited).

Research provided by  

Market Statistics

Market Cap ($M):
247.4
Equiv. Shares (M):
1,171.8
% All Ords:
0.02
12Mth Range ($):
1.09 - 1.96
Turnover ($M pa):
116.5
Index:
S&P/ASX 500
Sector:
Materials
Industry Group:
Materials
Industry:
Metals & Mining
Sub Industry:
Gold

Last 5 Market Sensitive Announcements

Date
Announcment
27-Jul-10 08:23
June 2010 Quarterly Activities Statement and Appendix 5B
02-Jun-10 21:23
Edna May Project Update and Senior Management Restructure
27-May-10 09:03
Edna May Gold Project Ore Reserve increases above 1 mill ozs
29-Apr-10 21:04
March 2010 Quarterly and Appendix 5B
28-Apr-10 22:36
Catalpa achieves first gold pour at Edna May

Calendar Of Events

Date
Event
08-May-09
EGM Date for Special Event
27-Nov-08
AGM Date for Final Year Result
31-Oct-08
Reporting Date for Final Year Result
27-Aug-08
EGM Date for Special Event
22-Nov-07
AGM Date for Final Year Result

Directors

Name
Position
M Fitzpatrick
Chairman
M Pollock
Director
D M Macoboy
Director
R Rowe
Non-Executive Director
J Rowe
Director
B McFadzean
Director
B Sullivan
Non-Executive Director
N L Johnson
Non-Executive Director

Management

Name
Position
B McFadzean
Managing Director & CEO

Substantial Shareholders

Name
% Holding
Lion Selection Limited
46.9
44.5

Consensus Recommendation Summary


0
0
0
3
1
Sell Under Perf. Hold Out Perf. Buy

Number of Brokers in Recommendation Summary: 4

Consensus Earnings

FY10 FY11
Consensus EPS1 (c) -0.0 0.3
EPS Growth (%)   -1,068.8
P/E Ratio (x) -4,750.0 490.3
P/E Rel. All Ords (x) -424.61 n/a
P/E Rel. Sector (x) n/a n/a
Number of Brokers in Earnings Survey: 1 1

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Historical Forecast Earnings And Recommendations

Consensus Recommendations

Consensus information provided by Reuters.

Consensus EPS Forecasts 1

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Peer Recommendation Comparison

  P/E (x) EPS Chg (%) Dividend Yield (%) MktCap ($M) Price ($) Consensus Rec
  09A 09A 09A    
Newcrest Mining 29.6 (9.5) 0.5 15,815.3 32.71 Out Perf.
Lihir Gold 27.8 8.4 1.1 9,640.7 4.07 Hold
Andean Resources Limited (96.7) (40.2) 0.0 1,744.1 3.70 Out Perf.
Kingsgate Consolidated 19.2 196.5 2.2 982.9 9.78 Out Perf.
Catalpa Resources (7.9) 142.2 0.0 247.4 1.52 Out Perf.

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