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MINREX RESOURCES NL (MRR)


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General Information
Company Name: Minrex Resources NL
Stock Code: MRR
Website: www.minrex.com.au
GICS Sub-Industry: Gold
Market Cap ($M): 2
Equiv. Shares (M): 18

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.090 $ 0.000 $ 0.000 $ 0.000 $ 0.090 0 0%

Company Overview

Business Description:
Minrex Resources Limited (MRR) focuses on mineral exploration and development in Australia. MRR has two principal projects in exploration portfolio, which are Deflector Extended Gold Project in Western Australia and Heemskirk Tin Project in Tasmania.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -0.4 -3.8 -- 0.0 0.0 0.0 --
2011  A 0.0 0.0 -- -- 0.0 -- --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap A 2011 F 2012 F A 2011 F 2012 F A 2011 F 2012 F
Evolution Mining (EVN) $591 M -- 0.2435 0.2132 12.0317 9.6756 7.9752 0.0000 0.0108 0.0228
Minrex Resources (MRR) $2 M -- -- -- -- -- -- 0.0000 -- --
Newcrest Mining (NCM) $11,398 M -0.0378 -0.4473 0.0886 10.5096 19.0153 17.4674 0.0235 0.0217 0.0235
OZ Minerals (OZL) $1,250 M -0.6077 -0.7395 2.7051 9.8920 37.9724 10.2488 0.0728 0.0180 0.0392
Regis Resources (RRL) $1,774 M 0.7775 1.2655 0.3111 24.5718 10.8462 8.2723 0.0000 0.0536 0.0784

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
MRR -- -- 1.04 -- --
Market 1.07 12.6 0.89 2.31 2.58
Sector 0.58 8.89 0.69 1.98 7.25

Directors
Name Position Start Date
Mr Richard Leonard Procter Non-Executive Chairman 30 May 2011
Mr Emmanuel Heyndrickx Non-Executive Director 30 August 2011
Mr Simon Francis Durack Non-Executive Director,Company Secretary 30 May 2011

Substantial Shareholders
Holding Name
1,500,000 (8.57%) John Wardman
1,726,000 (9.86%) Lion Superannuation Pty Ltd
1,000,000 (5.71%) Silvara Pty Limited
885,000 (5.06%) Mr Errol Bome + Mrs Melanie Bome
1,250,000 (7.14%) Carey D G + Carey-Domingu

Calendar of Events
Date Event
23 April 2014 Report (Quarterly)
28 January 2014 Report (Quarterly)
30 October 2013 Report (Quarterly)
27 September 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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