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AZIMUTH RESOURCES LIMITED (AZH)


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General Information
Company Name: Azimuth Resources Limited
Stock Code: AZH
Website: www.azimuthresources.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 125
Equiv. Shares (M): 431

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.290 $ 0.275 $ 0.290 $ 0.272 $ 0.300 183,222 $ -0.010  -3.333 %

Current Broker Consensus Recommendation more
Recommendation: Buy
Recommendation Date: 1st Aug 2012
12 Month Target Price (average): $0.6
Brokers Surveyed: 1

Company Overview

Business Description:
Azimuth Resources Limited (AZH) is an explorer focusing on its portfolio of exploration projects in Guyana, South America, which comprise 8,786sqkm prospective for gold. AZH has three projects in Guyana: the West Omai Gold Project, the East Omai Gold Project and the Amakura Uranium Project.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  F -8.4 -2.0 -- -- -- 0.0 --
2013  F -1.9 -0.5 -- -- -- 0.0 --
2012  A -3.2 -0.9 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Azimuth Resources (AZH) $129 M -- -- -- -- -- -- 0.0000 0.0000 0.0000
Evolution Mining (EVN) $588 M -- 0.2450 0.2095 11.9597 9.6065 7.9426 0.0000 0.0108 0.0229
Newcrest Mining (NCM) $11,513 M -0.0378 -0.4475 0.0889 10.6156 19.2121 17.6436 0.0233 0.0215 0.0233
OZ Minerals (OZL) $1,244 M -0.6077 -0.5926 1.2746 9.8439 24.1603 10.6218 0.0732 0.0255 0.0437
Regis Resources (RRL) $1,760 M 0.7775 1.2655 0.3111 24.3742 10.7589 8.2058 0.0000 0.0541 0.0791

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
AZH -- -- 2.31 10.00 2,900
Market 1.13 13.2 0.92 2.50 2.58
Sector 0.56 8.96 0.71 1.83 6.67

Directors
Name Position Start Date
Russell St John Clark Chief Executive Officer 29 January 2013
Mr Richard Monti Executive Director 07 November 2008
Mr Michael William Hunt Non-Executive Chairman 18 February 2011
Mr Terence Sean Harvey Non-Executive Director 24 April 2012
Mr Dean Felton Non-Executive Director 12 October 2007

Management
Name Position
Paul Criddle Chief Operating Officer
Joshua Scott Ward Company Secretary,Financial Controller

Substantial Shareholders
Holding Name
31,391,226 (7.49%) National Nominees Limited
37,887,080 (9.04%) HSBC Custody Nominees Australia
72,267,290 (17.25%) Macquarie Group Limited

Calendar of Events
Date Event
29 April 2014 Report (Quarterly)
30 January 2014 Report (Quarterly)
29 October 2013 Report (Quarterly)
21 October 2013 Report (Annual)
30 July 2013 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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