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Cosmo Metals Limited (AU:CMO)
ASX:CMO
Australian Market

Cosmo Metals Limited (CMO) AI Stock Analysis

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AU:CMO

Cosmo Metals Limited

(Sydney:CMO)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
AU$0.01
▼(-35.00% Downside)
The score is held down primarily by pre-revenue financials with widening losses and continued cash burn. A strong, low-debt balance sheet provides some stability, but technicals remain weak with the stock trading below key moving averages and a negative MACD; valuation is also constrained by negative earnings and no dividend data.
Positive Factors
Conservative balance sheet
A strong, conservatively financed balance sheet with growing equity provides structural resilience for a development-stage industrial materials company. The equity cushion reduces near-term solvency risk, extends runway for project development, and lowers refinancing pressure over the next several months.
Modest loss scale vs capital
Net losses, while recurring, are modest in absolute terms relative to the company’s equity base. That reduces immediate dilution or insolvency risk, allowing management more time to execute value-creating milestones or fundraise on more favorable terms compared with firms burning capital at much larger rates.
Very low debt levels
Near-zero leverage means limited interest burden and higher financial flexibility. For a capital-consuming development business, minimal debt lowers fixed obligations, making it easier to direct future capital into project development or exploration without servicing large debt loads that could constrain operational choices.
Negative Factors
No revenue
A prolonged absence of revenue prevents validation of the core business model and delays pathway to sustainable profitability. Without product sales or material cash-generating operations, the company remains reliant on financing events and faces execution risk in converting development assets into commercialized revenue streams.
Persistent negative cash flow
Consistent negative operating and free cash flow indicates ongoing cash burn and a structural funding requirement. Over a multi-month horizon, this raises the probability of dilution or constrained investment unless management secures sustainable financing or generates operating revenue to cover cash needs.
Worsening returns on equity
Negative and deteriorating ROE signals that capital deployment is not generating shareholder returns. Over time this undermines investor confidence and can make it harder to attract new equity at favorable terms, constraining the company’s ability to fund scale-up or remedial investments in the medium term.

Cosmo Metals Limited (CMO) vs. iShares MSCI Australia ETF (EWA)

Cosmo Metals Limited Business Overview & Revenue Model

Company DescriptionCosmo Metals Limited operates as a mineral exploration company in Australia. The company explores for copper, nickel, cobalt, and platinum group elements. Its flagship project is the Yamarna project that includes the Mt Venn and Eastern Mafic prospects, which comprise seven granted exploration licenses, one granted prospecting license, and two applications for an exploration and a prospecting license with a total area of 370 square kilometers. The company was incorporated in 2021 and is headquartered in West Perth, Australia.
How the Company Makes MoneyCosmo Metals Limited makes money through the exploration, extraction, and sale of metal ores. The company generates revenue by selling extracted metals to manufacturers and industries that require these resources for production purposes. Key revenue streams for CMO include the sale of copper and nickel ores, which are in high demand for their application in electronics, construction, and various industrial processes. The company's earnings are further supported by strategic partnerships with other mining companies and smelters, which help optimize production and distribution channels. Additionally, CMO may engage in joint ventures or licensing agreements to expand its market presence and enhance profitability.

Cosmo Metals Limited Financial Statement Overview

Summary
Cosmo Metals Limited faces significant financial challenges with zero reported revenue and consistent losses across income, balance sheet, and cash flow metrics. The company's reliance on external financing to sustain operations is a critical concern, and its inability to generate internal cash flow emphasizes the need for strategic operational improvements. The strong equity base provides some stability, but the overall financial health is weak, requiring immediate attention to achieve sustainable growth.
Income Statement
8
Very Negative
Cosmo Metals Limited has consistently reported zero revenue in both TTM and annual periods, reflecting a significant challenge in generating sales. The company has experienced losses in EBIT and EBITDA, indicating operational inefficiencies and cost control issues. Net income is also negative, pointing to overall financial underperformance.
Balance Sheet
74
Positive
The company's balance sheet shows a relatively stable equity position with no reported debt in recent periods, resulting in a favorable debt-to-equity ratio. However, the lack of revenue and profitability raises concerns about the sustainability of its equity base. The equity ratio is strong, indicating a solid capital structure, but the absence of growth in assets and liabilities suggests limited financial leverage for expansion.
Cash Flow
22
Negative
Operating cash flows are consistently negative, indicating a reliance on external financing, as evidenced by significant financing cash flows. The absence of free cash flow growth and negative free cash flow to net income ratios highlight the company's challenges in generating cash internally.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022
Income Statement
Total Revenue0.000.000.000.000.00
Gross Profit0.00-19.94K-20.81K-19.66K-2.96K
EBITDA-364.00-818.21K-1.45M-666.97K-1.10M
Net Income-3.11K-3.11M-1.47M-686.63K-1.10M
Balance Sheet
Total Assets12.09M12.09M10.80M9.26M9.20M
Cash, Cash Equivalents and Short-Term Investments730.53K730.53K1.28M612.45K3.06M
Total Debt13.58K13.58K0.000.000.00
Total Liabilities587.56K587.56K682.41K347.33K121.86K
Stockholders Equity11.50M11.50M10.11M8.91M9.07M
Cash Flow
Free Cash Flow-1.56K-2.40M-1.56M-3.06M-1.64M
Operating Cash Flow-790.00-792.89K-579.78K-601.86K-585.59K
Investing Cash Flow-1.64K-1.64M-979.18K-2.41M-1.05M
Financing Cash Flow1.88M2.23M564.47K4.69M

Cosmo Metals Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
35.67
Neutral
STOCH
-94.44
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CMO, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.67 is Neutral, neither overbought nor oversold. The STOCH value of -94.44 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CMO.

Cosmo Metals Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
55
Neutral
AU$25.46M-1.39-80.21%-69.98%
52
Neutral
AU$13.94M-5.91-18.01%20.70%
51
Neutral
AU$57.64M-12.71-61.77%-45.08%
43
Neutral
AU$5.65M-0.78-28.80%-17.61%
43
Neutral
AU$7.36M-0.57-72.76%-1.73%
42
Neutral
AU$6.99M-1.13-74.67%71.25%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CMO
Cosmo Metals Limited
0.01
>-0.01
-7.14%
AU:MQR
Marquee Resources Ltd
0.01
0.00
0.00%
AU:EV1
Evolution Energy Minerals Limited
0.01
>-0.01
-35.00%
AU:ENX
Enegex Limited
0.23
0.16
246.15%
AU:CHR
Charger Metals NL
0.12
0.06
100.00%
AU:GRE
Greentech Metals Ltd.
0.15
0.08
114.29%

Cosmo Metals Limited Corporate Events

Cosmo Metals Reports Promising Results from Maiden Spring Creek Drilling Program
Dec 17, 2025

Cosmo Metals Limited has announced positive outcomes from its maiden drilling program at the Spring Creek prospect, part of the Bingara Project. The program confirmed high-grade gold mineralisation continuity and identified new targets for potential further discoveries along the largely unexplored 12km Star of Bingara to Lone Hand trend. These successful results enhance Cosmo Metals’ geological understanding of the area, laying a robust foundation for follow-up exploration activities and strategic growth. These findings hold significance for both the company’s operational advancements and its positioning within the mining sector.

Cosmo Metals Confirms High-Grade Gold at Spring Creek
Dec 8, 2025

Cosmo Metals Limited has announced promising results from its maiden reverse circulation drilling program at the Spring Creek prospect within the Bingara Project. The initial results confirmed the presence of shallow high-grade gold mineralization, with significant intersections such as 6.0m at 9.99 g/t Au. The drilling program aims to explore further potential, including steep dipping feeder zones and extensions of gold-arsenic soil anomalies. These findings enhance the company’s understanding of the geological setting and could significantly impact its future exploration strategies, potentially unlocking further resources along the 12km Star of Bingara to Lone Hand trend.

Cosmo Metals Limited Announces Change in Director’s Interest
Dec 8, 2025

Cosmo Metals Limited has announced a change in the director’s interest, specifically concerning Peter John Bird. The company, which operates in the metals industry, has approved the issuance of 5,000,000 unlisted options to Mr. Bird, exercisable at $0.03 and expiring on November 26, 2028. This change was approved at the company’s Annual General Meeting, reflecting a strategic move to align the director’s interests with the company’s long-term goals.

Cosmo Metals Issues 6.5 Million Unquoted Options
Dec 8, 2025

Cosmo Metals Limited announced the issuance of 6,500,000 unquoted options set to expire on November 26, 2028, with an exercise price of $0.03. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s financial strategies and stakeholder interests.

Cosmo Metals Issues 20 Million Unquoted Options
Dec 8, 2025

Cosmo Metals Limited announced the issuance of 20,000,000 unquoted options set to expire on November 26, 2028, with an exercise price of $0.03. This move is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s equity structure and offering strategic financial flexibility.

Cosmo Metals Limited Announces Proposed Securities Issue
Dec 1, 2025

Cosmo Metals Limited announced a proposed issue of securities, specifically options expiring on November 26, 2028, with an exercise price of $0.03. The total number of securities proposed for issuance is 6,500,000, with the issue date set for December 4, 2025. This move is part of a placement or other type of issue, indicating a strategic effort by the company to raise capital or expand its shareholder base.

Cosmo Metals Limited AGM Results: Key Resolutions Passed
Nov 26, 2025

Cosmo Metals Limited held its Annual General Meeting on November 26, 2025, where several resolutions were passed. Key outcomes included the adoption of the remuneration report, re-election of a director, and approval of options grants to directors, reflecting strong shareholder support and strategic alignment with the company’s growth objectives.

Cosmo Metals Limited Announces Cessation of Securities
Nov 21, 2025

Cosmo Metals Limited announced the cessation of 1,000,000 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could have implications for stakeholders regarding the company’s operational strategies and market positioning.

Cosmo Metals Updates Investor Presentation with New Mineralization Insights
Nov 20, 2025

Cosmo Metals Limited has updated its investor presentation for the Noosa Mining Conference, originally announced on November 12, 2025. The update includes the addition of an appendix referencing visual estimates of mineralization in outcrop and float samples, as well as revisions to specific slides to incorporate these references. This update aims to provide clearer insights into the company’s exploration activities and potential resource developments, which could impact its operational strategies and stakeholder interests.

Cosmo Metals Limited Announces Change in Director’s Interest
Nov 19, 2025

Cosmo Metals Limited announced a change in the director’s interest, specifically involving Ian Prentice. The change involved the cancellation of 1,000,000 Performance Rights due to the expiry of the milestone date, affecting the director’s indirect interests in the company. This adjustment reflects the company’s ongoing management of its securities and may influence stakeholder perceptions regarding the company’s operational strategies and financial health.

Cosmo Metals Confirms Antimony Prospectivity at Bingara Project
Nov 10, 2025

Cosmo Metals Limited has confirmed the prospectivity of antimony at its Bingara Project in New South Wales, following a LiDAR survey and initial field reconnaissance. The survey identified the Antimony Gully Trend, an 8km corridor with clusters of historical antimony mines and workings, including the McManus mine, which showed significant antimony and gold values. This development positions Cosmo Metals to advance its exploration strategy in a region recognized for its antimony-gold potential, potentially impacting its industry standing and offering new opportunities for stakeholders.

Cosmo Metals Director’s Interest Update
Oct 31, 2025

Cosmo Metals Limited has announced a change in the interests of its director, Ian Prentice, involving the conversion of 1,000,000 performance rights into fully paid ordinary shares. This change increases Prentice’s holding to 3,942,255 fully paid ordinary shares, while reducing his performance rights to 12,000,000. This adjustment in director’s interest reflects internal financial maneuvers within the company, potentially impacting shareholder perception and the company’s stock market dynamics.

Cosmo Metals Issues 1 Million Shares in Strategic Move
Oct 31, 2025

Cosmo Metals Limited has announced the issuance of 1,000,000 fully paid ordinary shares without disclosure to investors, in compliance with the Corporations Act 2001. This move indicates the company’s adherence to regulatory requirements and suggests a strategic step to potentially enhance its capital structure, impacting its market positioning and stakeholder interests.

Cosmo Metals Launches Maiden Drilling Program at Bingara
Oct 30, 2025

Cosmo Metals Limited has announced the commencement of its maiden reverse circulation drilling program at the Spring Creek prospect in Bingara, marking the first drilling activity in the area in nearly 30 years. This initiative is part of their strategy to explore the newly identified 12km long Star of Bingara to Lone Hand Gold Trend. Additionally, the company has secured $2.0 million in funding and received a $50,000 grant from the NSW Government to support its exploration efforts, highlighting its commitment to advancing its gold-antimony and copper assets in New South Wales.

Cosmo Metals Limited Announces Upcoming Annual General Meeting
Oct 27, 2025

Cosmo Metals Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 26, 2025, in Perth, Western Australia. The company will not send physical copies of the meeting notice, instead making it available online, emphasizing the importance of shareholder participation through proxy voting for those unable to attend in person.

Cosmo Metals Limited Announces Key Resolutions for Upcoming AGM
Oct 27, 2025

Cosmo Metals Limited has announced its upcoming Annual General Meeting (AGM) scheduled for November 26, 2025, in Perth, WA. The meeting will address several key resolutions, including the adoption of the Remuneration Report, re-election of Director Andrew Paterson, approval of a 10% placement capacity, and granting of options to Director Ian Prentice. These resolutions are significant for the company’s governance and future strategic decisions, potentially impacting shareholder value and company operations.

Cosmo Metals Launches Maiden Drilling Program at Bingara Project
Oct 26, 2025

Cosmo Metals Limited has commenced its maiden drilling program at the Spring Creek prospect within the Bingara Project in New South Wales. This initiative marks the first drilling activity at the site since the mid-1990s and aims to explore high-grade gold intersections and potential feeder zones. The program consists of up to 13 reverse circulation drill holes, targeting both previous shallow intersections and untested extensions of mineralization. This development is a significant milestone for Cosmo Metals as it seeks to unlock the potential of the Bingara Project, which is strategically located along the regional Peel Fault, known for its gold, antimony, and copper prospects.

Cosmo Metals Secures NSW Government Grant for Critical Minerals Exploration
Oct 22, 2025

Cosmo Metals Limited has been awarded a grant of up to $50,000 by the New South Wales Government under the Critical Minerals & High-Tech Exploration Program. This funding will support a high-impact geochemistry program at the Mt Everest – Mona VMS copper trend within the Bingara Project. The initiative aims to explore a +4km long target corridor, which shows potential for significant Cu-Au VMS mineralization similar to those found in the Tethyan mineral belt. This grant represents a strategic advancement in Cosmo’s exploration efforts, potentially enhancing its position in the critical minerals sector.

Cosmo Metals Releases Shares from Escrow Following Acquisition
Oct 17, 2025

Cosmo Metals Ltd has announced the release of 30 million fully paid ordinary shares from voluntary escrow as of 17 October 2025. These shares were initially issued as part of the acquisition of Galaxias Metals Pty Ltd in April 2025, highlighting Cosmo’s strategic efforts to enhance its asset base and operational capabilities.

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.Date of analysis: Dec 30, 2025