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Trades about 311% below its sector, cheaper than its peers on earnings.
Hammer Metals Limited engages in the exploration and extraction of mineral resources in Australia. It explores for iron oxide, copper, cobalt, and gold deposits, as well as for molybdenum ores. The company holds 100% interests in the Mount Isa project that comprise Kalman, Overlander North and Overlander South, the Lakeview, and the Elaine deposits covering an area of approximately 3000 square kilometers within the Mount Isa mining district, as well as a 51% interest in the Jubilee deposit. It also holds a 100% interest in the Bronzewing South gold project covering approximately 290 square kilometers of tenements located in the Yandal Belt of Western Australia. The company was formerly known as Midas Resources Limited and changed its name to Hammer Metals Limited in April 2014. Hammer Metals Limited was incorporated in 2000 and is based in West Perth, Australia.
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