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Operations: Caravel Minerals Limited does not report any specific revenue segments.

Market Cap: A$103.13M

Caravel Minerals Limited, with a market cap of A$103.13 million, is a pre-revenue company focused on mineral exploration in Western Australia. Despite being debt-free and having experienced management and board teams, the company faces financial challenges highlighted by its recent net loss of A$6.41 million for the year ending June 30, 2024. Shareholders have experienced dilution due to a follow-on equity offering raising A$5 million at a discount. Auditor BDO LLP expressed doubt about Caravel's ability to continue as a going concern, although it maintains sufficient cash runway for more than ten months based on current estimates.

• Get an in-depth perspective on Caravel Minerals' performance by reading our balance sheet health report here.

• Learn about Caravel Minerals' future growth trajectory here.

Jupiter Mines

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Jupiter Mines Limited is an independent mining company based in Australia, with a market cap of A$284.20 million.

Operations: The company generates revenue from its manganese operations in South Africa, totaling A$8.07 million.

Market Cap: A$284.2M

Jupiter Mines Limited, with a market cap of A$284.20 million, operates debt-free and has high-quality earnings from its manganese operations in South Africa. However, the company faces challenges with declining earnings, which have decreased by 15.5% annually over the past five years. Despite trading below estimated fair value and having adequate short-term asset coverage for liabilities, the dividend yield of 8.33% is not well supported by free cash flows. Recent board changes include Sally Langer's appointment as an Independent Non-Executive Director following Patrick Murphy's retirement and Peter North's decision not to seek re-election at the AGM.

• Click here to discover the nuances of Jupiter Mines with our detailed analytical financial health report.

• Gain insights into Jupiter Mines' historical outcomes by reviewing our past performance report.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:CTT ASX:CVV and ASX:JMS.

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