Desert Metals Ltd. (AU:DM1)
ASX:DM1
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Desert Metals Ltd.
(Sydney:DM1)
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Rating:44Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:Reiterated
Date:01/29/26
The score is primarily held back by ongoing unprofitability and sustained cash burn despite improving results, which increases funding and execution risk. Technical indicators also point to weak momentum, while valuation is constrained by negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially reduces refinancing and solvency risk for an exploration-stage company. This durable financial flexibility preserves optionality to raise capital on favorable terms, supports continued exploration spending, and cushions shocks while the business scales.
Negative Factors
Persistent negative operating cash flow
Consistent negative operating and free cash flow reflects ongoing cash burn that cannot be self-funded. Over time this increases dependence on equity or debt raises, dilutes shareholders, and constrains the ability to fund exploration and development without external financing or strategic partnerships.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure materially reduces refinancing and solvency risk for an exploration-stage company. This durable financial flexibility preserves optionality to raise capital on favorable terms, supports continued exploration spending, and cushions shocks while the business scales.
Read all positive factors
Desert Metals Ltd. (DM1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.86M
Dividend YieldN/A
Average Volume (3M)1.50M
Price to Earnings (P/E)―
Beta (1Y)1.55
Revenue GrowthN/A
EPS Growth92.65%
CountryAU
Employees9
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding650,753,800
10 Day Avg. Volume416,670
30 Day Avg. Volume1,500,707
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.71
Price to Sales (P/S)58.34
P/FCF Ratio-1.55
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
Desert Metals Ltd. Business Overview & Revenue Model
Company Description
Desert Metals Limited explores for mineral properties in Australia. The company primarily explores for nickel, copper, gold, lead, zinc, chrome, rare earth elements, and platinum group elements. It holds interest in the Narryer project that includ...
How the Company Makes Money
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Desert Metals Ltd. Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
63
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.63K | 100.42K | 47.68K | 22.63K | 8.18K | 0.00 |
| Gross Profit | 51.66K | 100.42K | 47.68K | -2.12K | -23.10K | -9.00K |
| EBITDA | -1.76M | -1.50M | -9.82M | -681.63K | -535.98K | -1.19M |
| Net Income | -1.68M | -1.59M | -9.84M | -706.37K | -567.26K | -1.20M |
Balance Sheet | ||||||
| Total Assets | 8.39M | 8.50M | 6.78M | 9.48M | 7.69M | 5.72M |
| Cash, Cash Equivalents and Short-Term Investments | 495.74K | 1.92M | 2.67M | 1.97M | 3.01M | 3.71M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 210.10K | 331.00K | 377.00K | 282.50K | 184.42K | 274.33K |
| Stockholders Equity | 8.31M | 8.27M | 6.40M | 9.20M | 7.50M | 5.45M |
Cash Flow | ||||||
| Free Cash Flow | -2.84M | -3.78M | -3.13M | -3.42M | -3.23M | -2.17M |
| Operating Cash Flow | -1.43M | -1.23M | -1.40M | -604.76K | -486.41K | -478.57K |
| Investing Cash Flow | -2.44M | -2.52M | -1.39M | -2.82M | -2.75M | -1.70M |
| Financing Cash Flow | 3.40M | 3.01M | 3.48M | 2.38M | 2.54M | 5.59M |
Desert Metals Ltd. Technical Analysis
Negative
0.01
Price Trends
0.01
Neutral
0.01
Negative
Market Momentum
>-0.01
Negative
35.58
Neutral
14.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DM1, the sentiment is Negative. The current price of 0.01 is above the 20-day moving average (MA) of <0.01, equal to the 50-day MA of 0.01, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 35.58 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DM1.
Desert Metals Ltd. 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% | |
53 Neutral | AU$7.66M | 0.23 | 108.54% | ― | ― | 682.98% | |
49 Neutral | AU$16.48M | -3.15 | -380.81% | ― | ― | 1.76% | |
44 Neutral | AU$5.86M | -1.32 | -20.21% | ― | ― | 92.65% | |
42 Neutral | AU$3.54M | -1.86 | -58.32% | ― | ― | -47.83% | |
41 Neutral | AU$12.37M | -67.88 | -27.21% | ― | ― | 16.05% |
* Basic Materials Sector Average
AU:DM1
Desert Metals Ltd.
0.01
-0.01
-50.00%
AU:SRK
Strike Resources Limited
0.03
-0.02
-38.64%
AU:CR1
Constellation Resources Ltd.
0.21
0.07
57.69%
AU:SRN
Surefire Resources NL
0.02
>-0.01
-18.52%
AU:CAZ
Cazaly Resources Limited
0.02
<0.01
5.00%
Desert Metals Ltd. Corporate Events
Desert Metals Seeks ASX Quotation for 147.6 Million Options
May 13, 2026
Desert Metals Ltd., an ASX-listed mineral exploration company trading under ticker DM1, operates in the Australian resources sector with a focus on developing mineral assets for investors and stakeholders. The company participates in the mining an...
Desert Metals Extends High-Grade Tiogo Gold Corridor in Côte d’Ivoire
May 11, 2026
Desert Metals has significantly extended the Tiogo gold corridor at its Tengrela South project in northern Côte d’Ivoire, with aircore drilling confirming semi-continuous gold mineralisation over a strike length of more than 1.5km. The ...
Desert Metals Director Increases Stake via Entitlement Offer Options
May 8, 2026
Desert Metals Ltd. has disclosed a change in director Patrick Flint’s interests following his participation in an entitlement offer, resulting in the acquisition of 2,575,000 listed options at an exercise price of $0.015 expiring on 31 Decem...
Desert Metals Securities Cleared for ASX Trading Reinstatement
May 6, 2026
Desert Metals Ltd. has had its DM1O security class reinstated to quotation on the ASX, with trading to resume on 7 May 2026 after meeting the exchange’s Listing Rule 2.5 requirements. The reinstatement signals that the company has resolved p...
Desert Metals Options Register Reveals Highly Concentrated Holdings
May 6, 2026
Desert Metals Limited has released a holdings range report for its listed options, DM1O, exercisable at $0.015 and expiring on 31 December 2027. The report shows that there are 177,746,685 options on issue, held by 179 holders as at 6 May 2026.The...
Desert Metals Reveals Concentrated Register in Latest Options Top Holders Report
May 6, 2026
Desert Metals Ltd has released an updated top holders report for its listed options (DM1O) exercisable at $0.015 and expiring on 31 December 2027, detailing the ownership structure as at 6 May 2026. The 20 largest option holders collectively contr...
Desert Metals Seeks ASX Quotation for 177.7 Million Deferred Options
May 6, 2026
Desert Metals Ltd. has applied to the ASX for quotation of 177,746,685 deferred options under the code DM1O, with an expiry date of 31 December 2027. The options, issued as part of previously announced transactions, expand the company’s list...
Desert Metals outlines 5km gold anomaly at Adzope project in Côte d’Ivoire
May 4, 2026
Desert Metals Ltd has reported that regional stream sediment sampling across its Adzope gold project in Côte d’Ivoire has defined a coherent gold-in-stream anomaly extending roughly 5km, located about 7km southwest of its high-grade Kin...
Desert Metals Secures Full Placement of Underwritten Options Entitlement Offer
May 3, 2026
Desert Metals has completed its non-renounceable pro-rata entitlement offer of new options to eligible shareholders, issuing one option for every two shares held at $0.001 per option, exercisable at $0.015 by 31 December 2027. The company received...
ASX Suspends Trading in Desert Metals’ DM1O Security Class
Apr 30, 2026
The ASX has suspended trading in a specific class of Desert Metals Ltd. securities, designated under the code DM1O, citing non-compliance with Listing Rule 2.5. The suspension, imposed under Listing Rule 17.3.4, applies only to this particular opt...
Desert Metals launches fully underwritten options offer to fund Côte d’Ivoire drilling
Apr 15, 2026
Desert Metals Limited has opened a fully underwritten, pro-rata non-renounceable entitlement offer of up to 325,376,901 new options to existing eligible shareholders. The options are priced at $0.001 each, exercisable at $0.015 on or before 31 Dec...
Desert Metals Plans Large Pro Rata Issue of Long-Dated Options
Apr 7, 2026
Desert Metals Limited has lodged an Appendix 3B outlining a proposed non-renounceable pro rata issue of up to 325,376,901 new options. The options will be exercisable at $0.015 and are scheduled to expire on 31 December 2027, with key dates includ...
Desert Metals Launches Fully Underwritten Entitlement Offer of New Options
Apr 7, 2026
Desert Metals Ltd has released a prospectus for a pro-rata non-renounceable entitlement offer of up to 325,376,901 new options, on the basis of one option for every two shares held, at an issue price of $0.001 per option to raise about $325,377. T...
Desert Metals starts key drilling push at Tiogo gold prospect in Côte d’Ivoire
Mar 23, 2026
Desert Metals has launched a Phase 1 aircore drilling program of more than 2,000 metres across 40 holes at the Tiogo gold prospect within the Tengrela South permit in northern Côte d’Ivoire. The work targets a 900-metre untested mineral...
Desert Metals Releases Interim Financial Report for Half Year 2025
Mar 13, 2026
Desert Metals Limited has released its interim financial report for the half year ended 31 December 2025, outlining its financial position and corporate structure during the period. The report confirms the company’s governance framework, inc...
Desert Metals Options Lapse Clarifies Capital Structure
Mar 9, 2026
Desert Metals Ltd has notified the ASX of the expiry of 1,000,000 options with an exercise price of $0.405, which lapsed unexercised on 8 March 2026. The cessation of these options slightly reduces the company’s pool of potential equity dilu...
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.