Everest Metals Corporation Limited (EMC) AI Stock Analysis

• Market Cap: AU$47.20M
• Dividend Yield: N/A
• Average Volume (3M): 382.48K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.15
• Revenue Growth: N/A
• EPS Growth: 71.63%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 269,707,030
• 10 Day Avg. Volume: 541,621
• 30 Day Avg. Volume: 382,475
• PEG Ratio: 0.33
• Price to Book (P/B): 2.16
• Price to Sales (P/S): 71.83
• P/FCF Ratio: -159.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: AU$0.18 ▲(45.83% Upside)

The score is held back primarily by weak financial performance—ongoing losses and negative operating/free cash flow—despite low leverage. Technicals are supportive with strong recent momentum, but overbought readings raise pullback risk, and valuation provides limited support given negative earnings and no dividend.

Positive Factors

Low leverage / conservative balance sheet

A very low debt-to-equity ratio provides durable financial flexibility, lowering refinancing and interest burdens. Over a 2-6 month horizon it reduces solvency risk, supports continued operations during loss-making periods, and enables strategic funding options.

Strong equity ratio / solid asset base

A strong equity ratio signals a solid asset base relative to liabilities, offering a structural cushion against operating losses. This bolsters creditor confidence and preserves capacity to raise capital or absorb shocks while pursuing a multi-month operational turnaround.

Positive FCF to net income conversion

A positive free cash flow to net income ratio indicates that earnings, when generated, tend to convert into cash efficiently. If revenue or margins recover, this structural conversion ability can quickly improve liquidity and reduce reliance on external financing.

Negative Factors

Persistent negative margins

Ongoing negative gross, EBITDA and net margins reflect structural profitability issues that erode equity and limit reinvestment capacity. Over months, this trend undermines sustainable operations and requires material cost or revenue improvements to restore long-term viability.

Consistently negative operating and free cash flow

Continued negative operating and free cash flows drain liquidity and increase dependence on external funding. Sustained cash deficits constrain capital expenditure and working capital, elevating dilution or refinancing risk and limiting ability to execute strategic initiatives.

Volatile revenue and weak income statement metrics

High volatility in revenue and income statement metrics complicates forecasting and planning, making margin recovery and investment decisions difficult. Structural variability weakens creditor and supplier confidence and raises execution risk for multi-month operational improvements.

Everest Metals Corporation Limited Business Overview & Revenue Model

Company Description

Everest Metals Corporation Ltd engages in mineral exploration activities in Western Australia and New South Wales. It holds interest in the Mt Dimer gold and silver, Yarbu, and Rover projects, as well as the Midas, Trident, and the Perseus Iron-Oxide-Copper-Gold projects. The company was formerly known as Twenty Seven Co. Limited. Everest Metals Corporation Ltd was incorporated in 2006 and is based in Perth, Australia.

How the Company Makes Money

Everest Metals Corporation Limited generates revenue through multiple key streams. Primarily, the company earns income from the sale of mined and processed metals, which include gold, silver, copper, and other essential minerals. The pricing of these metals is subject to market fluctuations, influenced by global demand and supply dynamics. Additionally, EMC may engage in long-term contracts with industrial clients, providing a stable revenue base. The company also invests in exploration activities to discover new mineral deposits, which can lead to increased production capacity and future earnings. Strategic partnerships with other mining companies and collaborations with technology firms for innovative extraction methods further enhance EMC's profitability, as they can reduce operational costs and improve yield. Furthermore, potential revenues from recycling metals or offering consulting services in sustainable mining practices may also contribute to its financial performance.

Everest Metals Corporation Limited Financial Statement Overview

Summary

Weak operating quality: persistent negative margins (gross, EBIT/EBITDA, net) and ongoing losses. Cash flows are also consistently negative, raising sustainability risk. The main offset is a relatively conservative balance sheet with low leverage and a strong equity ratio, but profitability and cash generation remain the core issues.

Income Statement

Everest Metals Corporation Limited has shown significant volatility in its income statement metrics. The company has experienced negative gross profit margins and net profit margins over the years, indicating challenges in managing costs relative to revenue. The revenue growth rate is highly variable, with a recent spike due to a low base effect, but overall profitability remains a concern with consistently negative EBIT and EBITDA margins.

Balance Sheet

The balance sheet of Everest Metals Corporation Limited shows a relatively stable financial structure with low debt levels, as indicated by a very low debt-to-equity ratio. However, the return on equity is negative, reflecting ongoing losses. The equity ratio is strong, suggesting a solid asset base relative to equity, but the company needs to improve profitability to enhance shareholder value.

Cash Flow

Cash flow analysis reveals persistent negative operating and free cash flows, which are concerning for liquidity and operational sustainability. The free cash flow to net income ratio is positive, indicating some efficiency in converting earnings to cash, but the overall cash flow position is weak due to negative growth rates and low operating cash flow coverage.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	442.03K	401.63K	62.84K	37.89K	25.44K	17.42K
Gross Profit	-254.69K	-570.23K	-35.44K	-11.86K	16.38K	9.36K
EBITDA	-1.16M	-1.16M	-3.36M	-2.36M	-834.44K	-3.38M
Net Income	-1.20M	-1.20M	-3.40M	-2.41M	-843.50K	-3.39M
Balance Sheet
Total Assets	15.01M	15.01M	10.81M	9.72M	7.61M	8.39M
Cash, Cash Equivalents and Short-Term Investments	2.11M	2.11M	3.12M	2.45M	1.55M	3.09M
Total Debt	9.90K	9.90K	8.12K	35.34K	0.00	0.00
Total Liabilities	1.66M	1.66M	2.32M	535.18K	173.35K	110.19K
Stockholders Equity	13.35M	13.35M	8.49M	9.18M	7.43M	8.28M
Cash Flow
Free Cash Flow	-181.30K	-181.29K	-3.78M	-2.03M	-1.54M	-2.60M
Operating Cash Flow	-153.13K	-153.13K	-1.15M	-1.28M	-713.60K	-898.79K
Investing Cash Flow	-3.72M	-4.98M	-1.88M	-620.87K	-829.70K	-2.40M
Financing Cash Flow	2.08M	4.17M	3.93M	2.51M	1.12K	5.31M

Everest Metals Corporation Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EMC, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.13, and below the 200-day MA of 0.13, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 66.99 is Neutral, neither overbought nor oversold. The STOCH value of 82.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EMC.

Everest Metals Corporation Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BKT	52 Neutral	AU$41.88M	-2.79	-15.13%	―	―	23.60%
EMC	50 Neutral	AU$47.20M	-30.51	-10.97%	―	―	71.63%
SRZ	50 Neutral	AU$113.70M	-10.26	-96.79%	―	―	-116.67%
PHO	49 Neutral	AU$70.03M	-7.01	―	―	―	-268.97%
DEV	47 Neutral	AU$181.07M	-12.38	-49.01%	―	-100.00%	19.53%
CRS	42 Neutral	AU$70.53M	-11.93	-16.71%	―	―	-18.92%

Everest Metals Corporation Limited Corporate Events

Everest Metals Posts Higher Exploration Outflows but Boosts Cash via Equity Raising

Everest Metals Corporation reported its quarterly cash flow for the period ended 31 December 2025, showing a net operating cash outflow of A$126,000 for the quarter and A$284,000 year-to-date, driven mainly by administration and corporate costs partially offset by interest income and government grants. The company recorded significant investing cash outflows of A$850,000 for the quarter and A$1.78 million for the half year, largely due to exploration and evaluation spending and tenement-related payments, while financing activities for the half year provided net cash inflows of A$3.74 million from equity issuance (with related transaction costs), strengthening its liquidity to support ongoing exploration programs and potential new project due diligence.

The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.

Everest Metals Advances Gold Production and Critical Minerals Portfolio in WA

Everest Metals Corporation reported strong progress for the December 2025 quarter, highlighted by securing a fully funded mining arrangement for the Mt Dimer Taipan Gold Project and commencing mining in January 2026, transitioning the asset from exploration to gold production. High-grade drilling results at Mt Dimer, encouraging heap leach pad grades, and a government co-funded exploration grant support the project’s growth outlook, while resource-upgrade drilling at the Mt Edon Critical Minerals Project delivered thick, high-grade rubidium intercepts and a new U.S.-focused MOU aimed at potential non-dilutive funding and offtake partnerships. At the Revere project, tenement expansion and more than 6,000m of aircore drilling advanced work towards a maiden resource and 2026 mining proposal, and on the corporate front the company strengthened its financial position with an R&D tax refund, the allocation of exploration tax credits to shareholders, and a cash balance of A$3.79 million at quarter end.

The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.

Everest Metals Wins AEA Grant to Fast‑Track Rubidium Extraction at Mt Edon

Everest Metals Corporation, in partnership with Edith Cowan University, has secured a A$490,500 Australia’s Economic Accelerator Ignite grant to fast‑track development of its Direct Rubidium Extraction technology at the Mt Edon Critical Minerals Project in Western Australia. Over a 12‑month program starting January 2026, the funding will support advancing the technology from lab-scale testing to pilot‑scale demonstration in a relevant environment through staged purification and multi‑stage sorbent operation, building on earlier milestones such as 97% laboratory recoveries, a provisional extraction patent, an inferred rubidium resource of 3.6Mt at 0.22% Rb₂O under a granted mining lease, and collaborations with ECU, CSIRO and the U.S. Defense Industrial Base Consortium; collectively, these steps position Everest Metals at the forefront of establishing a sovereign Australian rubidium supply and reducing reliance on dominant overseas supply chains.

The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.

Everest Metals Starts Mining at Fully Funded Mt Dimer Taipan Gold Project

Everest Metals Corporation has commenced mining operations at its Mt Dimer Taipan Gold Project in Western Australia, marking a rapid shift from exploration to production just months after receiving final approvals. Backed by a Right to Mine Agreement with MEGA Resources that provides up to A$18.6 million in non-dilutive funding and covers all upfront costs, the project is fully financed through a 50/50 net surplus sharing arrangement, with ore extraction already underway and toll treatment at a 200,000 tonnes-per-annum facility near Kalgoorlie scheduled to begin in March 2026, positioning the company for near-term cash flow in a strong gold price environment.

The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.

Everest Metals to Distribute A$1.17m in Exploration Tax Credits to Eligible Investors

Everest Metals Corporation will distribute a total of A$1.17 million in Junior Minerals Exploration Incentive (JMEI) exploration credits to eligible Australian resident shareholders who participated in two capital raisings between July 2024 and June 2025, which together raised approximately A$6.19 million. Investors in the July 2024 A$2.2 million raising at A$0.10 per share and the December 2024 A$3.993 million raising at A$0.11 per share will each receive exploration credits equivalent to an effective rate of 18.89% of their investment, providing refundable tax offsets for individuals and super funds or additional franking credits for companies, with entitlement statements issued on 19 December 2025; while the scheme does not involve any cash outlay by Everest Metals, it enhances the after-tax appeal of recent equity funding and supports ongoing greenfields exploration by converting the company’s tax losses into shareholder tax benefits.

The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.

Everest Metals Corporation Announces High-Grade Gold Results at Mt Dimer Project

Everest Metals Corporation Ltd has announced positive results from its recent RC drilling program at the Mt Dimer Taipan Gold Project. The drilling confirmed high-grade gold mineralisation extending north and south of the Taipan pit, with the resource still open at strike and depth. Sampling from historical heap leach pads further revealed recoverable gold grades, enhancing the project’s potential to generate significant early cash flow. These developments, coupled with the imminent commencement of fully permitted mining operations, de-risk and strengthen EMC’s pathway to production, with implications for resource expansion and operational growth.

The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.

Everest Metals Launches Major Drilling Campaign at Revere Gold Project

Everest Metals Corporation Ltd has commenced a 7,000-meter aircore drilling campaign at its Revere Gold Project in Western Australia, targeting two key mineralized zones, Big John and Armstrong. This initiative aims to support the delivery of a maiden Mineral Resource Estimate by 2026, enhancing the company’s resource definition and understanding of mineralization geometry, which could significantly impact its operations and market positioning.

The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.

Everest Metals Announces Director’s Interest Change

Everest Metals Corporation Limited has announced a change in the director’s interest notice involving Mark Victor Caruso. The change involves the exercise of 1,300,000 performance rights into ordinary shares, reflecting a shift in the director’s indirect interest in the company. This adjustment in shareholding could potentially impact the company’s governance and stakeholder interests.

The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.

Everest Metals Corporation Issues New Shares to Employees

Everest Metals Corporation Limited announced the issuance of 1,300,000 fully paid ordinary shares following the exercise of Employee Performance Rights. This move, conducted without disclosure under the Corporations Act, signifies the company’s compliance with relevant legal provisions and reflects its ongoing commitment to enhancing shareholder value and operational transparency.

The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.

Everest Metals Corporation Ltd Announces Quotation of New Securities

Everest Metals Corporation Ltd has announced the application for quotation of 1,300,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). These securities are issued under an employee incentive scheme and are not subject to transfer restrictions, which could potentially enhance liquidity and employee engagement. This move signifies the company’s efforts to strengthen its market position and incentivize its workforce, potentially impacting its operational dynamics and stakeholder interests.

The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.

Everest Metals Reports High-Grade Rubidium Results at Mt Edon

Everest Metals Corporation Ltd has announced promising interim results from its Phase 2 drilling program at the Mt Edon Critical Mineral Project, confirming high-grade rubidium mineralization with a peak assay of 0.79% Rb₂O. The company is advancing towards a resource upgrade, with significant metallurgical and recovery test work underway, and aims to submit a mining proposal by late Q1 2026. These developments position Everest Metals as a potential leader in rubidium production in Australia, with implications for stakeholders as the project progresses towards becoming the country’s first rubidium-producing operation.

The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.

Everest Metals Corporation Announces Successful AGM Results

Everest Metals Corporation Limited announced the results of its Annual General Meeting held on November 26, 2025. All resolutions were passed, including the adoption of the remuneration report, re-election of a board member, and approval of various mandates and share issues. These outcomes reflect strong shareholder support and are expected to positively impact the company’s governance and operational strategies.

Everest Metals Secures Government Grant for Mt Dimer Gold Project

Everest Metals Corporation Ltd has secured a co-funded drilling grant from the Western Australian Government’s Exploration Incentive Scheme for its Mt Dimer Gold Project. This grant will cover up to 50% of drilling costs, capped at A$90,000, and is expected to accelerate the company’s exploration efforts to uncover further gold and silver mineralization. The grant’s competitive nature highlights the project’s strong potential and aligns with Everest’s strategy to enhance its resource portfolio in Western Australia. The drilling program is set to commence in the first half of 2026, with the aim of testing mineralization extensions and advancing innovative exploration concepts in underexplored areas.

Everest Metals Corporation Announces 2025 Annual General Meeting Details

Everest Metals Corporation Limited has announced its upcoming Annual General Meeting, scheduled for November 26, 2025, in Perth. Shareholders are encouraged to lodge proxy forms and submit questions in advance, with the company providing online resources for accessing meeting documents and voting. This meeting is significant for stakeholders as it outlines the company’s future direction and governance, ensuring shareholder engagement and compliance with corporate regulations.