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Cyclone Metals Ltd
(Sydney:CLE)
Cyclone Metals Ltd (CLE) vs. iShares MSCI Australia ETF (EWA)
Cyclone Metals Ltd Business Overview & Revenue Model
Cyclone Metals Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.89K | 10.14K | 20.00K | 64.00 | 193.00 | 35.00K |
| Gross Profit | 8.95K | 1.95K | 20.00K | -1.11K | -2.70K | 4.68K |
| EBITDA | -4.72M | -6.55M | -4.71M | -7.92M | -5.48M | -4.20M |
| Net Income | -6.69M | -6.69M | -5.26M | -5.49M | -5.62M | -5.41M |
Balance Sheet | ||||||
| Total Assets | 14.84M | 14.84M | 12.11M | 13.70M | 12.76M | 10.48M |
| Cash, Cash Equivalents and Short-Term Investments | 6.26M | 6.26M | 5.40M | 8.77M | 6.70M | 5.16M |
| Total Debt | 325.77K | 325.77K | 2.27M | 1.01M | 1.01M | 136.22K |
| Total Liabilities | 1.18M | 1.18M | 3.80M | 767.94K | 3.05M | 2.98M |
| Stockholders Equity | 13.66M | 13.66M | 8.31M | 12.94M | 9.71M | 7.50M |
Cash Flow | ||||||
| Free Cash Flow | -2.63M | -2.25M | -2.55M | -2.85M | -3.87M | -3.50M |
| Operating Cash Flow | -1.72M | -2.24M | -867.96K | -2.06M | -2.68M | -2.79M |
| Investing Cash Flow | -2.24M | -2.24M | -890.61K | -649.46K | -685.06K | -227.26K |
| Financing Cash Flow | 5.71M | 5.71M | 1.73M | 2.52M | 3.40M | 3.06M |
Cyclone Metals Ltd Technical Analysis
Cyclone Metals Ltd Peers Comparison
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% | |
52 Neutral | AU$101.49M | -18.65 | ― | ― | ― | 54.26% | |
50 Neutral | AU$152.35M | -5.63 | -36.29% | ― | ― | -166.67% | |
47 Neutral | AU$46.23M | -1.46 | -62.72% | ― | ― | 63.36% | |
46 Neutral | AU$58.62M | -8.39 | -63.09% | ― | -27.03% | 29.55% | |
46 Neutral | AU$403.46M | -5.41 | -111.27% | ― | ― | 66.10% | |
44 Neutral | AU$121.46M | -12.42 | -16.92% | ― | ― | 19.48% |
Cyclone Metals Ltd Corporate Events
Australia’s Takeovers Panel has declined to conduct proceedings on an application by former Cyclone Metals director Antony Sage, who alleged an undisclosed association between certain shareholders in connection with a requisitioned general meeting that removed him from the board. The Panel found there was insufficient material to justify further investigation and concluded that, even if the alleged association were proven, there was no reasonable prospect of declaring unacceptable circumstances because the situation did not appear to affect control or potential control of Cyclone, leaving the outcomes of the shareholder meeting and current board composition unchanged while the Panel prepares to publish its detailed reasons.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
Cyclone Metals Ltd has disclosed that former substantial shareholder European Lithium Ltd has sold down its position in the company through a series of on-market trades, resulting in it ceasing to be a substantial holder as of 30 December 2025. European Lithium disposed of a total of 6.7 million Cyclone Metals fully paid ordinary shares across several transactions in December 2025 and early January 2026, with no new associates disclosed, a development that alters Cyclone Metals’ share register composition and may affect perceptions of its shareholder base and liquidity among investors.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
Cyclone Metals has reported encouraging early-stage exploration results from geochemical sampling at its Waikerikeri and Drybread gold projects in Central Otago, New Zealand, where ionic leach geochemistry has defined anomalous gold and multi-element responses that point to new, structurally controlled gold targets. The prospects, located roughly 15km from Santana Minerals’ Rise & Shine project and in a region with major existing gold operations, have never previously been geochemically sampled, suggesting potential for undiscovered primary hard-rock gold mineralisation that could enhance Cyclone’s exploration pipeline and regional positioning if further work confirms the targets’ scale and grade.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
The Takeovers Panel has received an application from Cyclone Metals’ founding director, Antony Sage, following his removal from the board at an October 2025 shareholder-requisitioned general meeting. Sage alleges that a group of requisitioning and other shareholders are associates who acted in concert to change Cyclone’s board composition, held more than 20% voting power at the time of the meeting, traded in Cyclone shares around key boardroom contests, and failed to properly disclose their associations to the market. He is seeking final orders compelling corrective disclosure, imposing a 12‑month voting restriction on shares acquired during the alleged trading periods, and preventing further share acquisitions by the alleged associates for 12 months. In response to a new section 249D notice lodged by Sage and related parties, Cyclone has convened another general meeting for 27 January 2026 to vote on the proposed removal of current director Paul Berend, underscoring continuing boardroom instability and governance tensions at the company.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
Cyclone Metals Limited has notified the ASX of a proposed issue of up to 6 million performance rights under a placement or similar arrangement, with an expected issue date of 28 January 2026. The move signals the company’s continued use of performance-based equity to align management and stakeholder interests and may modestly increase the company’s securities on issue, affecting capital structure and potential future dilution for existing shareholders.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
Cyclone Metals Ltd has called an Extraordinary General Meeting of shareholders for 27 January 2026 in Perth, following the receipt of section 249D notices that required the company to convene the meeting. The company will primarily distribute meeting materials electronically via its website, ASX announcements platform and email, with printed copies only for shareholders who have specifically elected to receive hard copies, and has reminded investors to lodge proxy forms at least 48 hours before the meeting, underscoring the importance of shareholder participation in the upcoming governance decisions.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
Cyclone Metals Ltd has announced a change in the director’s interest, specifically involving Paul Berend. The notice details the acquisition and disposal of various securities, including fully paid ordinary shares and unlisted options, by Berend and entities in which he holds a relevant interest. This change reflects Berend’s increased holdings in the company, which may indicate confidence in the company’s future prospects.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
Cyclone Metals Ltd announced the cessation of 13,000,000 securities due to the expiry of options without exercise or conversion, effective December 5, 2025. This cessation of securities may impact the company’s capital structure and could have implications for its financial strategy and stakeholder interests.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
Cyclone Metals Ltd has announced a change in the interests of its director, Paul Berend, involving the acquisition of 169,667 fully paid ordinary shares through an on-market purchase. This change reflects a strategic move to increase his stake in the company, potentially signaling confidence in the company’s future prospects. The adjustment in shareholding could have implications for the company’s governance and investor relations, as it may influence stakeholders’ perceptions of the company’s stability and growth potential.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
Cyclone Metals Ltd has announced the appointment of Caue Pauli de Araujo as a new director, effective from December 1, 2025. Mr. Araujo holds 2,000,000 performance rights through Pauli Advisory Pty Ltd, a company where he serves as a director, indicating a vested interest in the company’s future performance.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
Cyclone Metals Limited has announced key appointments to its Board and Executive Leadership, with Paul Berend taking on the role of Managing Director and Caue (Paul) Araujo joining as a Non-Executive Director. These changes are part of a strategic focus on advancing the Iron Bear project, with Berend playing a crucial role in its development alongside global partner Vale S.A. Araujo’s extensive experience in mining finance, geology, and project management is expected to enhance the company’s operational and technical capabilities.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
Cyclone Metals Ltd has announced the issuance of 2,000,000 unquoted performance rights under an employee incentive scheme. These securities are subject to transfer restrictions and will not be quoted on the ASX until these restrictions are lifted, potentially impacting employee retention and motivation strategies.
The most recent analyst rating on (AU:CLE) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
Cyclone Metals Ltd, a company listed on the ASX, has responded to a price query from the ASX following a notable increase in its share price and trading volume. The company attributes the market activity to a research report released by East Coast Research on the same day and confirms its compliance with ASX listing rules.
The most recent analyst rating on (AU:CLE) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on Cyclone Metals Ltd stock, see the AU:CLE Stock Forecast page.
Cyclone Metals Ltd has announced the cessation of Tim Turner as a director as of November 23, 2025. The final director’s interest notice reveals that Turner holds significant interests in the company through various entities, including Halle Woody Pty Ltd and Marnichar Nominees Pty Ltd, among others. This change in directorship may impact the company’s governance and strategic direction.
Cyclone Metals Limited announced the results of its Annual General Meeting held on November 24, 2025. The meeting involved various resolutions, some of which were carried while others were not. Notably, the resolution for the re-election of Director Mr. Timothy Turner was withdrawn due to his resignation prior to the meeting. The outcomes of these resolutions could impact the company’s governance and strategic direction moving forward.
Cyclone Metals Ltd has announced an update on its Project Iron Bear, a major iron ore development in Canada. The announcement highlights the project’s potential to position the company as a significant player in the iron ore market, although it also acknowledges the presence of risks and uncertainties that could impact future performance.
Cyclone Metals Limited announced significant changes to its board, with David Sanders transitioning to Chairman and Luke Martino to Deputy Chairman, while Timothy Turner retires as Non-Executive Director. Turner’s tenure was marked by strategic acquisitions and financial maneuvers, including the Iron Bear Project acquisition and a financial placement to support its development, which have been pivotal in shaping the company’s growth and shareholder returns.
Cyclone Metals Ltd has announced its Project Iron Bear, a significant iron ore development in Canada, which is positioned as a world-class venture. This development is expected to enhance Cyclone Metals’ standing in the mining industry, potentially impacting its operations and market positioning by expanding its resource base and offering new opportunities for stakeholders.
Cyclone Metals Limited has announced a change in its registered office and principal place of business, effective 20 November 2025. This move signifies a strategic shift in the company’s operations, potentially impacting its logistical and administrative functions, and may influence its interactions with stakeholders and market positioning.
Cyclone Metals Limited has announced its quarterly activities report for the period ending 30 September 2025, highlighting significant progress in its Iron Bear Project. The company has launched a Pre-Feasibility Study, completed geological mapping, and engaged in environmental and community activities. Additionally, Cyclone has strengthened its financial position by selling shares in listed ASX entities, raising approximately $14.3 million, and securing a development agreement with Vale S.A. for up to USD 138 million to advance the Iron Bear Project. These developments position Cyclone Metals favorably in the iron ore market, with a focus on sustainable and high-quality production.
Cyclone Metals Ltd has received an additional AUD$5.17 million from Vale S.A. as part of their joint development agreement for the Iron Bear iron ore project. This payment strengthens Cyclone’s cash reserves, currently totaling approximately AUD$28.2 million, and underscores Vale’s confidence in the project’s progress. The strong financial position of Cyclone protects its shareholders from potential dilution.
Cyclone Metals Ltd announced the resignation of Tony Sage as a director, effective October 21, 2025. The notice details Sage’s interests in various securities, including shares and options, held through different entities. This change in the board could influence the company’s strategic direction and stakeholder confidence.
Cyclone Metals Limited announced the departure of its founding director and former Non-Executive Chairman, Tony Sage, acknowledging his contributions over 24 years. Under his leadership, the company executed numerous strategic transactions, enhancing its market position. The board is reviewing its structure after his departure and will update shareholders as Cyclone progresses its joint venture with Vale S.A. on the Iron Bear Project in Canada.
Cyclone Metals Ltd has announced the scheduling of its Annual General Meeting (AGM) for shareholders, set to take place on November 24, 2025, in Perth. The company will provide meeting materials digitally, emphasizing the importance of reviewing these documents and advising shareholders to consult with their financial advisors if needed. This meeting is a key event for stakeholders to engage with the company’s strategic direction and governance.
Cyclone Metals Limited has announced the sale of its shareholding in European Lithium Ltd, capitalizing on a significant increase in the latter’s share price. This strategic move has generated approximately $14.3 million, bolstering Cyclone’s cash position to around $15.6 million, potentially enhancing its financial flexibility and operational capabilities.
Cyclone Metals Ltd has announced a change in the interests of its director, Antony Sage, in the company’s securities. The change involves the on-market sale of 7,000,000 listed options at $0.032 each, resulting in a decrease in the number of listed options held indirectly by Mr. Sage through various entities. This transaction reflects a strategic adjustment in Mr. Sage’s investment portfolio within the company.
Cyclone Metals Ltd has announced a change in the director’s interest, specifically involving Antony Sage, who has disposed of 3,000,000 listed options through an on-market sale. This transaction reflects a reduction in Sage’s indirect holdings, which may impact investor perceptions and the company’s stock market positioning.