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ELEMENTAL MINERALS LIMITED (ELM)


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General Information
Company Name: Elemental Minerals Limited
Stock Code: ELM
Website: www.elementalminerals.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 115
Equiv. Shares (M): 289

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.395 $ 0.380 $ 0.395 $ 0.380 $ 0.370 181,150 $ 0.025  6.757 %

Company Overview

Business Description:
Elemental Minerals Limited (ELM) is a mining exploration and development company focusing on its 93%-owned Sintoukola Potash Project on the Republic of Congo coastline. ELM is dual listed on the Australian Stock Exchange and the Toronto Stock Exchange.

Strategy Analysis:
Elemental Minerals is focussed on exploration and developments of various projects, but more specifically the Sintoukula Potash Project. The company aims to build on its past success to leverage projects into the stage of production, which is estimated to be in 2015. Elemental Minerals reported positive cash flow of $9.63m for the quarter ended 31 December 2012. Operating cash flow for the period was $(1.09m). Investing cash flow was $(6.58m). Financing cash flow was $17.3m. Cash in hand at the end of the quarter was $19.96m.

Financial Summary
Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -10.3 -4.2 -- 0.0 0.0 0.0 --
2011  A -13.7 -9.5 -- 0.0 0.0 0.0 --
2010  A -9.1 -9.5 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Elemental Minerals (ELM) $107 M -- -- -- -- -- -- 0.0000 -- --
Evolution Mining (EVN) $556 M -- 0.2435 0.2132 11.3112 9.0962 7.4976 0.0000 0.0115 0.0242
Newcrest Mining (NCM) $11,153 M -0.0378 -0.4474 0.0888 10.2834 18.6085 17.0915 0.0241 0.0222 0.0241
OZ Minerals (OZL) $1,284 M -0.6077 -0.7395 2.7051 10.1561 38.9862 10.5224 0.0709 0.0175 0.0381
Regis Resources (RRL) $1,722 M 0.7775 1.2655 0.3111 23.8472 10.5263 8.0284 0.0000 0.0552 0.0807

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
ELM -- -- 1.14 -- --
Market 0.83 14.4 1.22 1.88 1.72
Sector 0.59 8.57 0.69 2.00 7.29

Directors
Name Position Start Date
Mr Lawrence Davidson Joint Company Secretary 07 August 2012
Mr John (Iain) Macpherson Managing Director 19 October 2009
Mr John (Ian) Stalker Non-Executive Director 24 September 2010
Mr Michael Barton Non-Executive Director 25 April 2012
Mr Robert Geoffrey Franklyn Non-Executive Director 17 July 2012
Mr Robert (Sam) Samuel Middlemas Non-Executive Director,Non-Executive Chairman 06 December 2010

Management
Name Position
Leonard Math Joint Company Secretary

Calendar of Events
Date Event
29 April 2014 Report (Annual)
29 April 2014 Report (Quarterly)
27 March 2014 Report (Annual)
30 January 2014 Report (Quarterly)
30 October 2013 Report (Quarterly)
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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