Elementos Limited (AU:ELT)
ASX:ELT
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Elementos Limited
(Sydney:ELT)
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Rating:45Neutral
Price Target:
AU$0.32
â–²(15.00% Upside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance (minimal revenue, persistent losses, and ongoing cash burn). Technicals also lean bearish with the price below key moving averages and negative MACD, despite oversold signals. Valuation is difficult to support with a negative P/E and no dividend yield data.
Positive Factors
Balance-sheet strength
Elementos' balance sheet is a relative strength: low leverage and a meaningful equity base reduce solvency risk and provide funding optionality for project development. Over the next 2–6 months this structural financial flexibility helps sustain exploration and permitting activity despite ongoing losses.
Negative Factors
Persistent cash burn
Operating cash flow has been negative every year and free cash flow remained about -$1.3M in 2025. That persistent cash burn forces ongoing external financing, raises the likelihood of dilutive capital raises, and constrains the company's ability to self-fund development or respond to cost overruns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Elementos' balance sheet is a relative strength: low leverage and a meaningful equity base reduce solvency risk and provide funding optionality for project development. Over the next 2–6 months this structural financial flexibility helps sustain exploration and permitting activity despite ongoing losses.
Read all positive factors
Elementos Limited (ELT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$127.54M
Dividend YieldN/A
Average Volume (3M)216.48K
Price to Earnings (P/E)―
Beta (1Y)1.58
Revenue GrowthN/A
EPS Growth-52.31%
CountryAU
Employees11
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding340,111,100
10 Day Avg. Volume174,208
30 Day Avg. Volume216,476
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)0.82
Price to Sales (P/S)0.00
P/FCF Ratio-17.19
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)0.06
Revenue Forecast (FY)AU$103.76M
Elementos Limited Business Overview & Revenue Model
Company Description
Elementos Limited engages in the exploration and development of mineral properties in Australia and Spain. The company primarily explores for tin, copper, and tungsten deposits. Its flagship project is the Oropesa tin project covering an area of 1...
Elementos Limited Financial Statement Overview
Summary
Income Statement
12
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 | 0.00 | 50.00K | 0.00 | 0.00 |
| Gross Profit | -63.76K | -60.67K | -61.10K | -1.32K | -44.55K | -7.56K |
| EBITDA | -4.59M | -2.18M | -1.14M | -2.17M | -2.18M | -1.49M |
| Net Income | -4.69M | -2.29M | -1.28M | -2.23M | -2.23M | -1.61M |
Balance Sheet | ||||||
| Total Assets | 35.98M | 30.69M | 21.94M | 22.96M | 20.89M | 17.25M |
| Cash, Cash Equivalents and Short-Term Investments | 9.02M | 4.43M | 503.21K | 3.45M | 6.27M | 5.54M |
| Total Debt | 140.49K | 1.13M | 1.06M | 7.06K | 58.21K | 1.57M |
| Total Liabilities | 736.16K | 2.54M | 1.98M | 1.05M | 867.21K | 2.67M |
| Stockholders Equity | 35.24M | 28.15M | 19.96M | 21.91M | 20.02M | 14.58M |
Cash Flow | ||||||
| Free Cash Flow | -2.70M | -1.34M | -3.83M | -5.87M | -5.44M | -3.16M |
| Operating Cash Flow | -2.70M | -1.34M | -1.46M | -1.06M | -1.81M | -1.48M |
| Investing Cash Flow | -2.71M | -3.37M | -2.44M | -4.80M | -3.63M | -1.68M |
| Financing Cash Flow | 13.61M | 8.64M | 953.25K | 3.05M | 6.17M | 8.55M |
Elementos Limited Technical Analysis
Positive
0.28
Price Trends
0.39
Negative
0.35
Positive
0.26
Positive
Market Momentum
>-0.01
Positive
47.53
Neutral
64.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ELT, the sentiment is Positive. The current price of 0.28 is below the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.39, and above the 200-day MA of 0.26, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.53 is Neutral, neither overbought nor oversold. The STOCH value of 64.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ELT.
Elementos Limited 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% | |
46 Neutral | AU$30.02M | -10.66 | -13.50% | ― | ― | -241.18% | |
45 Neutral | AU$127.54M | -7.65 | -14.80% | ― | ― | -52.31% | |
45 Neutral | AU$33.48M | -33.33 | -28.53% | ― | ― | 96.00% | |
43 Neutral | AU$34.77M | -2.50 | -26.62% | ― | ― | -18.18% | |
42 Neutral | AU$44.23M | -13.00 | -71.61% | ― | ― | -26.67% | |
41 Neutral | AU$78.68M | -3.57 | -102.38% | ― | ― | -116.67% |
* Basic Materials Sector Average
AU:ELT
Elementos Limited
0.38
0.29
357.32%
AU:SRZ
Stellar Resources Limited
0.03
0.01
61.11%
AU:ARD
Argent Minerals Limited
0.03
>-0.01
-3.70%
AU:LGM
Legacy Minerals Holdings Ltd.
0.15
-0.08
-36.17%
AU:GCM
Chase Mining Corporation Limited
0.01
>-0.01
-7.69%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
Elementos Limited Corporate Events
Elementos flags major funding needs and strategic options in half-year report
Mar 11, 2026
Elementos Limited has released its consolidated half-year report for the period ended 31 December 2025, outlining financial and operational progress across its tin projects. The report reiterates that its development plans, production targets, and...
Elementos director trims stake to fund recent option exercises
Feb 11, 2026
Elementos Limited has disclosed changes in the securities held by director Calvin Treacy and his related entities, following on‑market sales in early February 2026. Treacy directly sold 20,000 ordinary shares, while Four Seas Superannuation ...
Elementos Doubles Tungsten Resource at Cleveland Tin Project Amid Record Prices
Feb 3, 2026
Elementos Limited has doubled the Inferred Mineral Resource Estimate for tungsten at its Cleveland Tin Project to 8.49 million tonnes grading 0.24% WO3, boosting contained tungsten to 20,610 tonnes and adding a significant tungsten component along...
Elementos Options Lapse, Slightly Streamlining Capital Structure
Feb 3, 2026
Elementos Limited has notified the ASX of the expiry of 299,775 listed options (code ELTAD) that lapsed unexercised on 31 January 2026. The cessation of these options marginally reduces the company’s potential future share issuance, simplify...
Elementos Withdraws Upgraded Oropesa Financial Forecasts After ASX Query
Feb 2, 2026
Elementos Limited has retracted updated forecast financial information for its Oropesa tin project that was recently presented to investors, after the ASX advised that the figures relied on materially different tin price assumptions from those use...
Elementos Seeks ASX Quotation for 1.75 Million New Shares
Feb 2, 2026
Elementos Limited has applied to the Australian Securities Exchange for quotation of 1,750,439 new fully paid ordinary shares under its ELT ticker, following the issue of these securities on 31 January 2026. The move modestly increases the company...
Elementos Advances EU-Focused Tin Strategy as Prices Surge and Funding Strengthens
Jan 30, 2026
Elementos Limited reported solid progress in the December 2025 quarter as it advanced permitting and development at its flagship Oropesa Tin Project in Spain, where a completed Definitive Feasibility Study and maiden ore reserve underpin the proje...
Elementos Issues New Shares to Support Growth as Tin Market Tightens
Jan 23, 2026
Elementos Limited has issued 8,160,619 fully paid ordinary shares at $0.28 per share under a previously announced placement, increasing its capital base to support its ongoing operations and growth plans. The company confirmed that the issuance wa...
Elementos Seeks ASX Quotation for 8.16 Million New Ordinary Shares
Jan 23, 2026
Elementos Limited has applied to the ASX for quotation of 8,160,619 new ordinary fully paid shares under its existing code ELT, with the securities issued on 23 January 2026. The application formalises the listing of these shares, which were issue...
Elementos Confirms Larger Tungsten and Rubidium Footprint at Cleveland Tin Project
Jan 22, 2026
Elementos Limited has reinforced the development prospects of its Cleveland Tin Project after assays from previously unsampled 1980 drill core confirmed significant extensions of tungsten, rubidium and bismuth mineralisation in the upper Foleys Zo...
Elementos Shareholders Back Capital-Raising Resolutions at General Meeting
Jan 21, 2026
Elementos Limited reported that all resolutions put to shareholders at its 21 January 2026 general meeting were passed by poll, with strong support from proxy voters. The approvals included ratifying a prior issue of 21,428,572 shares under an ini...
Elementos Flags Funding and Execution Risks in Oropesa Tin Project DFS Update
Jan 21, 2026
Elementos Limited has released an investor presentation for its general meeting outlining the status and assumptions of its Definitive Feasibility Study (DFS) for the Oropesa Tin Project, which has been completed to an overall accuracy of +/- 10% ...
Elementos Director Increases Shareholding via Option Exercise
Jan 16, 2026
Elementos Limited has reported a change in the holdings of director Calvin Treacy, reflecting movements in both his direct and indirect interests through associated investment and superannuation entities. The transaction involved Four Seas Superan...
Elementos Seeks ASX Quotation for 510,891 New Ordinary Shares
Jan 16, 2026
Elementos Limited has applied to the ASX for quotation of 510,891 new fully paid ordinary shares, to be traded under its existing ticker ELT. The new securities arise from the exercise or conversion of existing options or other convertible instrum...
Elementos Issues New Shares Under Placement to Support Tin Growth Strategy
Jan 16, 2026
Elementos Limited has issued 3,928,573 fully paid ordinary shares at $0.28 per share under a placement, following its November 2025 announcement, and has lodged the associated Appendix 2A with the ASX. The company confirmed that the capital raisin...
Elementos Seeks ASX Quotation for 3.9 Million New Shares
Jan 16, 2026
Elementos Limited has applied to the Australian Securities Exchange for quotation of 3,928,573 new ordinary fully paid shares, expanding its listed equity base under ticker code ELT. The additional securities, issued as part of a previously announ...
Elementos Seeks ASX Quotation for Additional Ordinary Shares
Jan 8, 2026
Elementos Limited has applied to the ASX for quotation of 50,816 new fully paid ordinary shares, issued following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities slightly exp...
Elementos Director’s Performance Rights Lapse Without Consideration
Dec 31, 2025
Elementos Limited has disclosed a change in the securities held by director Jonathon David, as required under ASX listing rules. The company reported that 200,000 performance rights held directly by David lapsed on 31 December 2025 for no consider...
Elementos Notes Expiry of 300,000 Performance Rights
Dec 31, 2025
Elementos Limited has reported the expiry of 300,000 performance rights, which have lapsed without being exercised or converted into shares. The cessation of these securities slightly reduces the company’s pool of potential equity-based ince...
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.
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