Somerset Minerals (ASX: SMM) is an Australian-listed company in the Basic Materials sector with a market capitalisation of $10.9M and the 1479th-largest security on the ASX by market capitalisation. The SMM share price is $0.009, up 0.00% today and down 52.63% over the past 12 months. Shares have traded between $0.007 and $0.028 over the past 52 weeks. In its most recent reported period (ending 31 Dec 2023), Somerset Minerals reported revenue of $0 and a net loss of $565,207.
About Somerset Minerals Limited
Somerset Minerals Limited, headquartered in Perth, Australia, is an enterprise that, through its subsidiaries, focuses on identifying and extracting mineral deposits across Australia, Canada, and Ecuador. The company's exploration efforts target a diverse array of resources, including copper, silver, zinc, lead, cadmium, gold, and specific minerals like chalcocite, bornite, and chalcopyrite, encompassing both precious and base metals. Central to their operations are two entirely owned ventures situated in Nunavut, Canada. The Prescott copper and base metals project encompasses 52 licenses over an area of 624 square kilometers, located within the Peel Sound area of the Polaris mineral district. Additionally, the Coppermine project represents another significant holding, comprising 102 exploration licenses and a single exclusive exploration right, covering an expansive 1,665 square kilometers in Nunavut's Kitikmeot region. Formed in 2018, the firm was previously known as Tempus Resources Limited before officially adopting the name Somerset Minerals Limited in June 2024.
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