Apollo Minerals Limited (AU:AON)
ASX:AON
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Apollo Minerals Limited
(Sydney:AON)
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Rating:45Neutral
Price Target:
AU$0.06
▲(510.00% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily held back by weak financial performance—minimal/volatile revenue, persistent losses, and ongoing cash burn—despite the benefit of having no debt. Technical indicators are broadly neutral with only modest momentum, while valuation metrics are not supportive because the company is loss-making and offers no dividend yield.
Positive Factors
Debt-free Balance Sheet
A debt-free balance sheet materially reduces refinancing and interest rate risk, giving management structural financial flexibility. Over 2-6 months this lowers the probability of near-term distress, supports continued exploration spending from equity/cash, and improves optionality for JV or farm-out deals.
Negative Factors
Weak Cash Generation
Persistent negative operating and free cash flow is a structural weakness that shortens runway and forces reliance on equity raises or partner funding. Over 2-6 months this raises dilution risk, limits ability to fund exploration independently, and constrains strategic choices absent new capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free Balance Sheet
A debt-free balance sheet materially reduces refinancing and interest rate risk, giving management structural financial flexibility. Over 2-6 months this lowers the probability of near-term distress, supports continued exploration spending from equity/cash, and improves optionality for JV or farm-out deals.
Read all positive factors
Apollo Minerals Limited (AON) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$77.17M
Dividend YieldN/A
Average Volume (3M)2.17M
Price to Earnings (P/E)―
Beta (1Y)0.80
Revenue GrowthN/A
EPS Growth-17.02%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,154,964,400
10 Day Avg. Volume1,876,198
30 Day Avg. Volume2,171,453
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)0.57
Price to Sales (P/S)90.10
P/FCF Ratio-1.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Apollo Minerals Limited Business Overview & Revenue Model
Company Description
Apollo Minerals Limited engages in the exploration and development of mineral resources. Its flagship project is the 100% owned Kroussou zinc-lead project consisting of one prospecting license covering 986.5 square kilometers located in the Ngouni...
How the Company Makes Money
null...
Apollo Minerals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 61.37K | 0.00 | 0.00 | 0.00 | 29.50K |
| Gross Profit | 61.37K | -55.43K | -35.45K | -4.16K | 25.90K |
| EBITDA | -4.44M | -3.30M | -4.02M | -1.82M | -1.18M |
| Net Income | -4.34M | -2.91M | -4.04M | -1.82M | -1.17M |
Balance Sheet | |||||
| Total Assets | 10.51M | 11.61M | 9.76M | 11.82M | 5.70M |
| Cash, Cash Equivalents and Short-Term Investments | 1.26M | 2.25M | 1.71M | 3.69M | 3.04M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 828.88K | 744.20K | 538.91K | 1.14M | 357.64K |
| Stockholders Equity | 9.75M | 10.93M | 9.27M | 10.73M | 5.39M |
Cash Flow | |||||
| Free Cash Flow | -4.29M | -2.61M | -3.96M | 4.24M | -685.57K |
| Operating Cash Flow | -4.29M | -2.61M | -3.71M | -962.93K | -685.57K |
| Investing Cash Flow | 200.00K | -76.55K | -250.00K | -5.21M | -2.07M |
| Financing Cash Flow | 3.10M | 3.23M | 1.98M | 6.81M | 3.20M |
Apollo Minerals Limited Technical Analysis
Positive
0.01
Price Trends
0.05
Positive
0.03
Positive
Market Momentum
<0.01
Positive
49.51
Neutral
18.95
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AON, the sentiment is Positive. The current price of 0.01 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.05, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.51 is Neutral, neither overbought nor oversold. The STOCH value of 18.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AON.
Apollo Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | AU$77.17M | -0.73 | -57.60% | ― | ― | -17.02% | |
45 Neutral | AU$25.66M | -0.52 | -77.38% | ― | ― | ― | |
45 Neutral | AU$5.56M | -0.78 | -4.58% | ― | ― | 98.11% | |
43 Neutral | AU$5.23M | -4.10 | -4.77% | ― | ― | -47.62% | |
42 Neutral | AU$7.23M | -2.49 | -49.11% | ― | ― | 50.00% | |
42 Neutral | AU$4.35M | -1.02 | -380.56% | ― | ― | 24.09% |
* Basic Materials Sector Average
AU:AON
Apollo Minerals Limited
0.06
0.05
250.00%
AU:MTL
Caeneus Minerals Limited
―
―
―
AU:AKN
AuKing Mining Ltd
0.02
<0.01
50.00%
AU:C29
C29 Metals Limited
0.03
-0.03
-56.14%
AU:JNO
Juno Minerals Ltd.
0.03
0.00
0.00%
AU:AX8
Accelerate Resources Ltd.
―
―
―
Apollo Minerals Limited Corporate Events
Apollo Minerals Issues 99 Million New Shares Under ASX Disclosure Exemption
Mar 25, 2026
Apollo Minerals Limited has issued 99,268,518 fully paid ordinary shares, adding to its existing quoted class of securities on the Australian Securities Exchange. The company advised that the shares were issued without a prospectus under the Corpo...
Apollo Minerals Seeks ASX Quotation for 70 Million New Shares
Mar 25, 2026
Apollo Minerals Limited has applied to the ASX for quotation of 70,000,000 new ordinary fully paid shares, to be traded under its existing ticker AON. The securities, issued on March 25, 2026, expand the company’s quoted capital base and may...
Apollo Minerals Seeks ASX Quotation for 29.3 Million New Shares
Mar 25, 2026
Apollo Minerals Limited has applied to the ASX for quotation of 29,268,517 new ordinary fully paid shares under its ticker AON, with an issue date of March 25, 2026. The move formalises the listing of previously announced securities, modestly expa...
Apollo Minerals Issues 22 Million Unquoted Options Under Incentive Scheme
Mar 25, 2026
Apollo Minerals Limited has notified the market of the issue of 22 million unquoted options under its employee incentive scheme, with varying exercise prices and expiries between 2029 and 2030. The move underscores the company’s continued us...
Apollo Minerals Shareholders Back All Resolutions at General Meeting
Mar 24, 2026
Apollo Minerals Limited reported that all resolutions put to shareholders at its 24 March 2026 general meeting were passed by poll. Investors ratified prior share placements under ASX Listing Rules 7.1 and 7.1A, endorsed the issue of director and ...
Apollo Minerals Releases Interim Financial Report for Half-Year to 31 December 2025
Mar 5, 2026
Apollo Minerals Limited has released its interim financial report for the half-year ended 31 December 2025, detailing the company’s consolidated financial performance, position, and cash flows for the period. The report, which includes direc...
Apollo Minerals Issues 13.6 Million New Shares Under Disclosure Exemption
Mar 5, 2026
Apollo Minerals Limited has issued 13.6 million fully paid ordinary shares, adding to its existing class of quoted securities on the Australian Securities Exchange and expanding its equity base. The shares were issued without a prospectus under th...
Apollo Minerals seeks ASX quotation for 13.6m new shares
Mar 5, 2026
Apollo Minerals Limited has applied to the ASX for quotation of 13.6 million new fully paid ordinary shares, with an issue date of 5 March 2026. The securities arise from the exercise or conversion of existing options or other convertible instrume...
Apollo Minerals updates corporate presentation on Salau project and global tungsten context
Feb 25, 2026
Apollo Minerals has issued an amended corporate presentation, updating materials initially released on 23 February 2026. The revised document reflects changes to how the Salau tungsten mine is presented and adds further context on global tungsten ...
Apollo Minerals Positions French Tungsten-Gold Project for EU Critical Materials Push
Feb 23, 2026
Apollo Minerals Limited has highlighted the potential of its Couflens project in France, where historical mining and recent rock chip samples indicate high-grade tungsten and notable gold upside, with gold confirmed at depths of up to 600 metres. ...
Apollo Minerals Issues Over 212 Million New Shares, Confirms Regulatory Compliance
Feb 6, 2026
Apollo Minerals Limited has issued 212,907,407 fully paid ordinary shares, expanding its quoted share capital on the Australian Securities Exchange. The company confirmed that the shares were issued without a prospectus under the relevant provisio...
Apollo Minerals Seeks ASX Quotation for Over 212 Million New Shares
Feb 6, 2026
Apollo Minerals Limited has applied to the Australian Securities Exchange for the quotation of 212,907,407 new ordinary fully paid shares under its ticker AON, with an issue date of 6 February 2026. The substantial new share issuance, tied to prev...
Apollo Minerals Plans 70 Million-Share Placement
Feb 4, 2026
Apollo Minerals has lodged an Appendix 3B outlining plans to issue up to 70 million new ordinary shares via a placement scheduled for 13 March 2026, enlarging its capital base to fund ongoing exploration and development initiatives. The sizable eq...
Apollo Minerals Secures A$2.8m Tribeca Investment to Advance French Tungsten-Gold Project
Feb 4, 2026
Apollo Minerals has secured a A$2.8 million equity investment from Tribeca Investment Partners, which will subscribe for 70 million new shares at A$0.04 each, becoming a substantial shareholder with approximately 5.6% of the company, subject to sh...
Apollo Minerals Secures Couflens Permit Reinstatement and Raises Capital to Advance Tungsten, Gold and Base Metals Portfolio
Jan 30, 2026
Apollo Minerals has had its Couflens exploration permit in France formally reinstated for a five-year term, reopening the path to potentially reactivate the historical high-grade Salau tungsten mine and advance regional exploration targeting both ...
Apollo Minerals Plans Major Share Placement of Over 242 Million Shares
Jan 30, 2026
Apollo Minerals Limited has lodged an Appendix 3B with the ASX outlining a proposed capital raising via the issue of up to 242,175,925 new fully paid ordinary shares under its ticker AON. The placement, scheduled for issue on 6 February 2026, sign...
Apollo Minerals Secures A$6.5m to Advance High-Grade Tungsten-Gold Project in France
Jan 30, 2026
Apollo Minerals has raised approximately A$6.5 million through a share placement, comprising A$5.75 million from investors and around A$0.8 million from directors and officers, to fund exploration and development at its Couflens High Grade Tungste...
Apollo Minerals Requests Trading Halt Ahead of Proposed Capital Raising
Jan 28, 2026
Apollo Minerals Limited has requested and been granted a voluntary trading halt in its securities on the ASX as it prepares an announcement regarding a proposed capital raising. Trading in the company’s shares will be paused until either the...
Apollo Minerals Wins Five-Year Reinstatement of High-Grade French Tungsten-Gold Permit
Jan 27, 2026
Apollo Minerals has secured the reinstatement of its Couflens exploration permit in southern France for a five-year term, reopening access to the 42km² project area that hosts the historic high-grade Salau tungsten mine and significant associ...
Apollo Minerals Halts Trading Pending Couflens Permit Update
Jan 22, 2026
Apollo Minerals Limited has requested a voluntary trading halt of its securities on the ASX pending an announcement regarding an update on the status of its Couflens exploration permit. Trading in the company’s shares will be paused until ei...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.