Dart Mining NL (AU:DTM)
ASX:DTM
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Dart Mining NL
(Sydney:DTM)
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Rating:44Neutral
Price Target:
AU$0.03
▼(-27.50% Downside)
Action:ReiteratedDate:02/21/26
The score is held down primarily by weak financial performance—zero revenue in the latest year, widening losses, and persistent negative operating/free cash flow—despite the benefit of having no debt. Technical indicators are broadly neutral-to-soft (below key short-term averages with negative MACD), and valuation support is limited due to loss-making earnings and no dividend yield data.
Positive Factors
Debt-free balance sheet
Having no reported debt materially lowers financial risk and preserves flexibility to fund exploration via equity or farm‑out deals rather than servicing interest. For a junior explorer this durable optionality reduces default risk and supports strategic choices over coming funding cycles.
Negative Factors
Zero revenue and widening losses
Reporting zero revenue alongside an ~A$11.6m net loss demonstrates the company cannot self‑fund exploration from operations. Persistent operating losses force dependence on external capital, increase dilution risk, and constrain the company’s ability to advance projects without material financing events.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Having no reported debt materially lowers financial risk and preserves flexibility to fund exploration via equity or farm‑out deals rather than servicing interest. For a junior explorer this durable optionality reduces default risk and supports strategic choices over coming funding cycles.
Read all positive factors
Dart Mining NL (DTM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.50M
Dividend YieldN/A
Average Volume (3M)660.40K
Price to Earnings (P/E)―
Beta (1Y)3.84
Revenue Growth-100.00%
EPS Growth-190.80%
CountryAU
Employees10
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding209,708,620
10 Day Avg. Volume574,391
30 Day Avg. Volume660,402
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)1.71
Price to Sales (P/S)0.00
P/FCF Ratio-18.17
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
Dart Mining NL Business Overview & Revenue Model
Company Description
Dart Mining NL engages in the exploration of gold and base metal in Australia. The company primarily explores for lithium, silver, copper, molybdenum, zinc, tungsten, tin, and tantalum ores. Its flagship project is the Granite Flat located between...
How the Company Makes Money
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Dart Mining NL Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 301.32K | 1.26K | 13.86K | 29.41K |
| Gross Profit | -9.70K | -19.73K | -1.40M | -662.14K | -229.75K | 18.39K |
| EBITDA | -12.36M | -11.59M | -1.74M | -871.52K | -432.16K | -779.82K |
| Net Income | -11.99M | -11.63M | -1.76M | -912.41K | -454.94K | -790.84K |
Balance Sheet | ||||||
| Total Assets | 18.41M | 16.49M | 21.33M | 22.35M | 18.43M | 15.84M |
| Cash, Cash Equivalents and Short-Term Investments | 402.64K | 525.57K | 230.89K | 190.62K | 375.69K | 1.10M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 719.72K | 922.76K | 965.32K | 2.29M | 656.74K | 834.11K |
| Stockholders Equity | 17.69M | 15.56M | 20.37M | 20.06M | 17.77M | 15.00M |
Cash Flow | ||||||
| Free Cash Flow | -680.16K | -1.47M | -4.25M | -3.44M | -3.95M | -4.58M |
| Operating Cash Flow | -1.17M | -1.03M | -546.02K | -322.96K | -347.83K | -644.66K |
| Investing Cash Flow | -4.17M | -4.26M | -1.14M | -2.63M | -3.49M | -3.87M |
| Financing Cash Flow | 5.34M | 5.58M | 1.73M | 2.77M | 3.11M | 4.72M |
Dart Mining NL 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% | |
47 Neutral | AU$6.83M | -10.40 | -5.13% | ― | ― | 20.70% | |
45 Neutral | AU$5.33M | -4.42 | -13.39% | ― | ― | 69.39% | |
44 Neutral | AU$6.50M | -1.64 | -72.11% | ― | -100.00% | -190.80% | |
43 Neutral | AU$6.54M | -2.06 | -91.53% | ― | ― | -1.73% | |
42 Neutral | AU$6.42M | -2.50 | -51.07% | ― | -100.00% | -42.86% | |
42 Neutral | AU$7.31M | -3.23 | -17.72% | ― | ― | -42.20% |
* Basic Materials Sector Average
AU:DTM
Dart Mining NL
0.03
-0.04
-58.67%
AU:TMS
Tennant Minerals
0.01
0.00
0.00%
AU:ENT
Enterprise Metals Limited
―
―
―
AU:MQR
Marquee Resources Ltd
0.01
0.00
0.00%
AU:EMA
Equinox Resources Limited
0.05
-0.04
-44.71%
AU:CHR
Charger Metals NL
0.08
0.04
90.00%
Dart Mining NL Corporate Events
Dart Mining Secures New Funding and Boosts Cash for Queensland Exploration
Mar 25, 2026
Dart Mining NL has entered into a binding loan agreement arranged by Oakley Capital Partners, securing a $440,000 loan from sophisticated and professional investors on a 12‑month term at 20% interest, with Oakley to receive a 6% fee. The fun...
Dart Mining Uncovers High-Grade Rock Chips to Bolster Triumph Gold Project
Mar 25, 2026
Dart Mining NL has reported high-grade gold and silver results from rock chip sampling at its Triumph Gold Project in Central Queensland, particularly from the Chandlers and Sailor Boy lodes east of the Norton Mine and along strike of the Spotted ...
Dart Mining Agrees $7m Sale of Key Projects to Indigo Metals
Mar 16, 2026
Dart Mining NL has entered into a non-binding term sheet to sell its Mt Unicorn, Sandy Creek and Tallandoon projects to Indigo Metals Limited for total consideration of $7 million plus GST, split between cash and Indigo shares. The deal excludes t...
Dart Mining Sells Buckland Gold Project in Strategic Portfolio Refocus
Mar 16, 2026
Dart Mining NL has entered a binding agreement to sell its 100% interest in the Buckland Gold Project, including key exploration and retention licences and associated habitat units, to Daybreak Minerals for $300,000 in cash. The sale is positioned...
Dart Mining Outlines Corporate Structure in Half-Year 2025 Report
Mar 16, 2026
Dart Mining NL has released its financial report for the half year ended 31 December 2025, detailing its corporate structure and governance arrangements. The report confirms the company’s current board, key executives, registered offices, sh...
Dart Mining Options Lapse, Trim Potential Future Equity
Mar 5, 2026
Dart Mining NL has announced the cessation of several classes of options after the conditional rights attached to these securities lapsed. A total of 1,099,194 options with various exercise prices and expiry dates have been cancelled because their...
Dart Mining Issues New Unquoted Options Under Employee Incentive Scheme
Mar 4, 2026
Dart Mining NL has issued a total of 408,333 unquoted options under its employee incentive scheme, with varying exercise prices and expiries in October 2028. These options are subject to transfer restrictions and will not be quoted on the ASX unti...
Dart Mining Seeks ASX Quotation for New Series of Options
Mar 4, 2026
Dart Mining NL, an ASX-listed mineral exploration company trading under ticker DTM, focuses on identifying and progressing resource projects in Australia. Its operations centre on securing and developing mineral tenements to support long-term grow...
IP Survey Extends Strike and Targets at Coonambula Antimony-Gold JV
Feb 25, 2026
Great Divide Mining reports that an induced polarisation survey at the Banshee Prospect within the Coonambula Antimony-Gold Project has confirmed more than one kilometre of strike continuity, with mineralisation interpreted to extend toward the hi...
Dart Mining IP Survey Extends Banshee Trend and Uncovers New Targets at Coonambula
Feb 25, 2026
Dart Mining NL and joint venture partner Great Divide Mining have completed an induced polarisation survey over the Banshee mineralised zone at the Coonambula antimony, gold and silver project in Central Queensland. The work, co-funded by the Quee...
Dart Mining Expands Queensland Portfolio With Skarn Ridge Copper-Gold-Graphite Acquisition
Feb 10, 2026
Dart Mining NL has acquired the Skarn Ridge Copper-Gold and Mt Bauple Graphite Project in southeastern Queensland from private group FFM for AUD 25,000, adding two exploration permit areas to its portfolio. The project lies within the mineral-rich...
Dart Mining Options Lapse as Conditional Rights Go Unmet
Feb 6, 2026
Dart Mining NL, listed on the ASX under code DTM, has reported the cessation of a tranche of its listed options, DTMAW, which were due to expire on 30 November 2028 at an exercise price of $0.90. The company announced that 274,194 of these options...
Dart Mining Expands Triumph Gold Potential With New Exploration Target and Wider Mineralised Zone
Jan 30, 2026
Dart Mining NL reported a significant step-up in its Triumph Gold Project in Victoria, declaring an exploration target of 5.1–7.6 million tonnes at 1.72–2.52 grams per tonne gold, equating to 285,100–613,200 ounces, with a base c...
Dart Mining Confirms High-Grade Gold, Silver and Antimony Potential at Coonambula
Jan 14, 2026
Dart Mining NL has reported high-grade gold, silver and antimony results from surface and channel sampling at its Coonambula Antimony-Gold Project in Central Queensland, including a 5m interval grading 2.55g/t gold and 1.35% antimony from trench T...
Dart Mining Options Lapse Following Expiry Date
Jan 11, 2026
Dart Mining NL has announced the expiry of 50,000 unexercised options with an exercise price of $1.95 that ceased on 11 January 2026. The lapse of these options slightly reduces the company’s potential future share dilution but has no immedi...
Dart Mining Options Expire as Gold Exploration Strategy Advances
Jan 11, 2026
Dart Mining NL has announced that 50,000 unlisted options with an exercise price of $1.95 expired on 11 January 2026, resulting in a modest simplification of the company’s capital structure with no immediate cash inflow from these instrument...
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
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