Carnavale Resources Limited (AU:CAV)
ASX:CAV
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Carnavale Resources Limited
(Sydney:CAV)
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Rating:51Neutral
Price Target:
AU$0.10
▼(-4.00% Downside)
Action:Reiterated
Date:04/25/26
The score is held down primarily by weak financial performance—recurring losses and worsening free cash flow indicate a high cash-burn profile despite a debt-free balance sheet. Technical indicators are modestly supportive with neutral momentum and the price above key short-term averages, but valuation is constrained by negative earnings and the absence of a dividend yield.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces near-term refinancing and interest-rate risk, giving management flexibility to fund exploration or tolerate setbacks. Over a 2–6 month horizon this conservatism supports operational continuity and lowers solvency risk while projects are advanced or capital is raised.
Negative Factors
Persistent negative operating cash flow
Operating cash flow has been negative each year, signaling continual cash burn from core activities. This persistent outflow forces reliance on external financing or asset monetization to sustain exploration, increasing dilution and restricting the firm’s ability to execute programs without raising capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially reduces near-term refinancing and interest-rate risk, giving management flexibility to fund exploration or tolerate setbacks. Over a 2–6 month horizon this conservatism supports operational continuity and lowers solvency risk while projects are advanced or capital is raised.
Read all positive factors
Carnavale Resources Limited (CAV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$39.17M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)-0.40
Revenue GrowthN/A
EPS Growth-510.00%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding408,065,550
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.48
Price to Sales (P/S)99.42
P/FCF Ratio-5.99
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
Carnavale Resources Limited Business Overview & Revenue Model
Company Description
Carnavale Resources Limited operates as a mineral exploration company in Australia. It explores for tin, lithium, cobalt, silver, nickel, gold, copper, and precious metal deposits. The company holds a 100% interest in the Grey Dam nickel sulphide ...
How the Company Makes Money
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Carnavale Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 82.94K | 151.84K | 222.57K | 55.22K | 3.35K | 10.63K |
| Gross Profit | 82.94K | 151.84K | 222.57K | 54.60K | 2.88K | 10.63K |
| EBITDA | -1.13M | -438.31K | -765.00K | -550.52K | -1.49M | -1.52M |
| Net Income | -3.64M | -3.03M | -791.14K | -452.61K | -1.41M | -1.49M |
Balance Sheet | ||||||
| Total Assets | 16.64M | 10.40M | 11.49M | 8.98M | 9.49M | 7.15M |
| Cash, Cash Equivalents and Short-Term Investments | 6.27M | 777.60K | 1.24M | 919.18K | 3.25M | 3.53M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 242.97K | 224.62K | 338.19K | 379.08K | 527.02K | 291.66K |
| Stockholders Equity | 16.40M | 10.18M | 11.15M | 8.60M | 8.97M | 6.85M |
Cash Flow | ||||||
| Free Cash Flow | -1.58M | -2.52M | -2.62M | -2.33M | -3.25M | -2.50M |
| Operating Cash Flow | -466.56K | -388.29K | -351.10K | -416.25K | -501.98K | -541.43K |
| Investing Cash Flow | -1.86M | -2.13M | -2.26M | -1.91M | -2.75M | -1.95M |
| Financing Cash Flow | 6.52M | 2.05M | 2.94M | -1.66K | 2.97M | 4.83M |
Carnavale Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$18.32M | 9.40 | 9.37% | 8.14% | ― | -27.64% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$39.17M | -8.39 | -27.39% | ― | ― | -510.00% | |
49 Neutral | AU$58.26M | -27.59 | -4.08% | ― | ― | -33.33% | |
43 Neutral | AU$6.05M | -0.45 | -483.48% | ― | ― | 71.04% | |
42 Neutral | AU$51.78M | -15.05 | -8.15% | ― | ― | 80.43% |
* Basic Materials Sector Average
AU:CAV
Carnavale Resources Limited
0.10
0.01
15.66%
AU:AUZ
Australian Mines
0.03
0.02
170.00%
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Arrow Minerals Limited
0.02
0.00
0.00%
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Gullewa Limited
0.08
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Carnavale Resources Limited Corporate Events
Carnavale Resources Appoints Humphrey Hale as Director and Discloses Initial Security Interests
May 6, 2026
Carnavale Resources Limited has appointed Humphrey Hale as a director, effective 6 May 2026, and disclosed his initial interests in the company’s securities in line with ASX listing rules. Hale holds 852,813 fully paid ordinary shares, 2,000...
Carnavale flags Kookynie as near-term gold production asset
May 6, 2026
Carnavale Resources Limited has released an investor presentation highlighting its Kookynie Gold Project as a near-term production asset, underpinned by updated mineral resource estimates and economic studies. The company emphasizes that recent wo...
Carnavale elevates Humphrey Hale to managing director to drive Kookynie Gold push
May 5, 2026
Carnavale Resources has promoted industry veteran Humphrey Hale from chief executive to managing director, tasking him with steering the company through its next growth phase as it pushes the Kookynie Gold Project toward production. Hale, who join...
Carnavale Tightens Kookynie Gold Data as BFS Targets Shovel-Ready Status in 2026
Apr 27, 2026
Carnavale Resources reported strong progress at its Kookynie Gold Project in the March 2026 quarter, highlighted by the granting of the key mining lease covering all project resources. Intensive metallurgical, geotechnical, and infill reverse circ...
Carnavale Confirms Bonanza Gold Grades as Kookynie Feasibility Advances
Apr 19, 2026
Carnavale Resources has reported further high-grade gold intercepts from recent reverse circulation and diamond drilling at its Kookynie Gold Project, confirming strong continuity of near-surface mineralisation at the Swiftsure and Tiptoe deposits...
Carnavale Resources Files Half-Year Financial Report for December 2025
Mar 6, 2026
Carnavale Resources Limited has released its half-yearly financial report for the six months ended 31 December 2025, covering the company and its controlled entities. The report package includes the directors’ report, financial statements, n...
Carnavale Completes Key BFS Drilling at Kookynie Gold Project
Mar 6, 2026
Carnavale Resources has completed reverse circulation and diamond drilling programs at its Kookynie Gold Project, including metallurgical, geotechnical and infill resource drilling across the Swiftsure and Tiptoe proposed open pits. These programs...
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.
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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.