Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Lithium
45.57
0.6%
Gold
2,671.30
(0.03%)
Copper
4.11
(0.04%)
Oil
70.11
(0.1%)
Bitcoin
98,550.43
4.45%
FTSE 100
8,149.27
0.79%
Nikkei 225
38,026.17
(0.85%)
Dow Jones
43,870.35
0.76%
Iron Ore
102.15
1.11%
USD/AUD
0.65
(0.06%)
Hang Seng
19,601.11
(0.23%)
Armada Metals (ASX: $AMM) to record $11.5m impairment on Gabon asset
- Author: Stock Piper
Armada Metals impairment announcement
Armada Metals Limited (ASX:AMM) has announced that it expects to record an impairment of approximately $11.5 million with respect to its Gabon asset. The decision comes after a review of the company's asset exploration portfolio in conjunction with the upcoming release of its June 2024 Half Year Financial Statements.
Executive Commentary
The Board's decision to impair the Gabon asset reflects our strategic focus on directing capital and efforts towards the exploration and development of the US assets to be acquired from Midwest Lithium Limited, subject to shareholder approval, and our existing Zimbabwean assets. This reallocation aligns with our commitment to maximizing value for our shareholders and advancing our core projects. - Martin C Holland, Executive Director
Summary of Impairment Announcement
Armada Metals Limited (ASX:AMM) has announced an expected impairment of approximately $11.5 million related to its Gabon asset. The company's decision to prioritize the exploration and development of US assets and existing Zimbabwean assets underscores its strategic reallocation of capital and efforts. The impairment will be detailed in the upcoming June 2024 Half Year Accounts. The company remains focused on delivering value to its shareholders and advancing its core projects, including the potential acquisition of US assets from Midwest Lithium Limited, subject to shareholder approval.
| ASX
(+0%)
At close 20/11 (AEDT)
Market cap
$7.3M
Volume
438,618
DY Yield
PE Ratio
52 Week Range
0.008 - 0.07
1YR Return
N / A
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