Great Northern Minerals Limited (AU:GNM)
ASX:GNM
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Great Northern Minerals Limited
(Sydney:GNM)
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Rating:43Neutral
Price Target:
AU$0.04
â–¼(-10.00% Downside)
Action:ReiteratedDate:04/21/26
The score is primarily held down by weak financial performance—no recent revenue, ongoing losses, and persistent negative free cash flow—despite the benefit of low leverage. Technicals are mixed with longer-term downtrend signals outweighing a modest near-term uplift. Valuation is also constrained by a negative P/E and no dividend data.
Positive Factors
Low Leverage
A zero debt profile materially reduces solvency and interest burden, giving the company flexibility to prioritize exploration or strategic spending without immediate debt servicing. This clean balance sheet is a durable risk mitigant that preserves optionality for financing over the next several months.
Negative Factors
No Revenue
A two-year absence of revenue indicates a non‑producing or early-stage profile, meaning the company lacks operational cash inflows. This structural limitation forces reliance on external financing and prevents revenue-driven margin expansion, representing a fundamental business model risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A zero debt profile materially reduces solvency and interest burden, giving the company flexibility to prioritize exploration or strategic spending without immediate debt servicing. This clean balance sheet is a durable risk mitigant that preserves optionality for financing over the next several months.
Read all positive factors
Great Northern Minerals Limited (GNM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$16.58M
Dividend YieldN/A
Average Volume (3M)4.19M
Price to Earnings (P/E)―
Beta (1Y)0.79
Revenue GrowthN/A
EPS Growth-62.14%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding487,613,680
10 Day Avg. Volume3,712,799
30 Day Avg. Volume4,189,819
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.60
Price to Sales (P/S)0.00
P/FCF Ratio-2.91
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
Great Northern Minerals Limited Business Overview & Revenue Model
Company Description
Great Northern Minerals Limited explores for and develops gold mineral properties. It has 100% interests in the Golden Ant Project comprising Camel Creek, Golden Cup, and Big Rush located in Northern Queensland. The company was formerly known as G...
How the Company Makes Money
null...
Great Northern Minerals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
20
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 49.40K | 1.80K | 0.00 |
| Gross Profit | -5.99K | -7.34K | -23.37K | 8.27K | -40.02K | -44.21K |
| EBITDA | -4.93M | -789.86K | -1.49M | 1.41M | -6.88M | -3.46M |
| Net Income | -4.70M | -615.54K | -2.01M | 1.36M | -6.93M | -3.51M |
Balance Sheet | ||||||
| Total Assets | 8.97M | 1.41M | 3.75M | 4.73M | 6.20M | 3.92M |
| Cash, Cash Equivalents and Short-Term Investments | 2.82M | 1.29M | 230.20K | 1.23M | 2.75M | 1.90M |
| Total Debt | 0.00 | 0.00 | 0.00 | 11.67K | 44.99K | 75.24K |
| Total Liabilities | 139.85K | 57.31K | 2.33M | 2.36M | 6.79M | 425.67K |
| Stockholders Equity | 8.83M | 1.35M | 2.47M | 3.59M | 638.17K | 4.72M |
Cash Flow | ||||||
| Free Cash Flow | -1.19M | -744.32K | -1.57M | -2.85M | -1.96M | -4.83M |
| Operating Cash Flow | -971.94K | -744.32K | -1.56M | -2.83M | -1.96M | -3.98M |
| Investing Cash Flow | 854.01K | 1.81M | 568.39K | 179.75K | 0.00 | -853.83K |
| Financing Cash Flow | 2.61M | 0.00 | -9.54K | 1.13M | 2.81M | 4.22M |
Great Northern Minerals Limited Technical Analysis
Positive
0.04
Price Trends
0.04
Positive
0.04
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
58.84
Neutral
65.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GNM, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.84 is Neutral, neither overbought nor oversold. The STOCH value of 65.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:GNM.
Great Northern Minerals 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% | |
48 Neutral | AU$5.95M | -2.11 | -154.54% | ― | -96.35% | -202.04% | |
45 Neutral | AU$23.31M | -0.32 | -909.92% | ― | ― | 35.57% | |
45 Neutral | AU$8.20M | -4.04 | -120.71% | ― | ― | 29.17% | |
43 Neutral | AU$16.58M | -0.72 | -92.34% | ― | ― | -62.14% | |
43 Neutral | AU$3.76M | -0.22 | -164.84% | ― | ― | -41.67% | |
41 Neutral | AU$3.16M | -2.90 | -72.27% | ― | ― | -50.00% |
* Basic Materials Sector Average
AU:GNM
Great Northern Minerals Limited
0.03
0.02
135.71%
AU:LSR
Lodestar Minerals
0.02
<0.01
33.33%
AU:DMG
Dragon Mountain Gold Limited
0.01
>-0.01
-15.38%
AU:GSM
Golden State Mining Ltd.
0.02
<0.01
60.00%
AU:RAS
Ragusa Minerals Ltd
0.03
<0.01
42.86%
AU:WSR
Westar Resources Ltd.
0.01
0.00
0.00%
Great Northern Minerals Limited Corporate Events
Great Northern Minerals Issues 6 Million New Shares Under Cleansing Notice
Apr 24, 2026
Great Northern Minerals Limited has issued 6,000,000 fully paid ordinary shares without a prospectus under the Corporations Act provisions that allow placements to certain investors. The company confirmed it is compliant with its financial reporti...
Great Northern Minerals Issues 9.5 Million Unlisted Employee Options
Apr 24, 2026
Great Northern Minerals Limited has notified the market of the issue of 9,500,000 unlisted options under its employee incentive scheme. The options are exercisable at A$0.06 and expire on 24 April 2029, and as unquoted securities they will not be ...
Great Northern Minerals Seeks ASX Quotation for 2 Million New Shares
Apr 24, 2026
Great Northern Minerals Limited has applied to the ASX for quotation of 2,000,000 new ordinary fully paid shares, issued on April 24, 2026. The additional securities arise from the exercise or conversion of existing options or other convertible in...
Great Northern Minerals Issues 4 Million New Shares to Corporate Advisers
Apr 24, 2026
Great Northern Minerals Limited has issued 4,000,000 ordinary fully paid shares under its existing employee securities incentive plan to corporate advisers. The new securities, to be quoted on the ASX under code GNM from 24 April 2026, reflect the...
Great Northern Maps 1.25km Antimony Vein and Defines Gold-Silver Targets at Catalyst Ridge
Apr 19, 2026
Great Northern Minerals has completed detailed geological mapping at the Antimony Gulch vein system within its Catalyst Ridge Project, confirming the quartz-stibnite structure now extends 1.25 km with zones of intense silicification exceeding 40 m...
Great Northern Minerals Secures Nevada Gold-Silver Project with Strong Resource Upside
Apr 14, 2026
Great Northern Minerals has signed a binding exploration lease and option agreement to acquire 100% of the Iron Butte gold-silver project in Nevada’s Battle Mountain-Cortez district, a premier U.S. mining belt. The epithermal deposit shows a...
Great Northern Minerals Seeks Trading Halt Ahead of Acquisition News
Apr 12, 2026
Great Northern Minerals Limited has requested and been granted a trading halt on its securities by the Australian Securities Exchange, effective from 13 April 2026. The halt will remain in place until either the company releases a pending announce...
Great Northern Minerals Boosts Cash Reserves with Golden Ant Exit
Apr 9, 2026
Great Northern Minerals has completed the divestment of its remaining minority interest in Golden Ant Mining, receiving $1.9 million in cash and finalising settlement of the transaction. The sale, which also wraps up its involvement in the NorthX ...
Great Northern Minerals Seeks Trading Halt Ahead of Golden Ant Divestment
Apr 8, 2026
Great Northern Minerals Limited has requested a trading halt on its securities on the ASX, effective from 8 April 2026, as it prepares to release an announcement regarding the planned divestment of its subsidiary Golden Ant Mining Pty Ltd. The hal...
Great Northern Minerals Files Interim Half-Year Financial Report
Mar 6, 2026
Great Northern Minerals Limited has released its interim financial report for the half-year ended 31 December 2025, providing investors with a condensed consolidated view of its profit or loss, financial position, cash flows and changes in equity....
Great Northern Minerals Issues 600,000 New Shares Under Cleansing Notice
Mar 3, 2026
Great Northern Minerals Limited has issued 600,000 fully paid ordinary shares under section 708A(5) of the Corporations Act 2001 without a disclosure document, in line with Australian capital raising exemptions. The company confirmed it is complia...
Great Northern Minerals Seeks Quotation for New Share Issue
Mar 3, 2026
Great Northern Minerals Limited has applied for quotation on the ASX of 600,000 new ordinary fully paid shares, with an issue date of March 3, 2026. The securities arise from the exercise or conversion of options or other convertible instruments, ...
Great Northern Minerals Director Increases Indirect Shareholding
Feb 23, 2026
Great Northern Minerals has reported a change in director Ariel (Eddie) King’s indirect interest in the company’s securities. Through La Paz Resources Pty Ltd, an entity where he is a director and shareholder, King acquired 1,250,000 f...
Great Northern Minerals Issues 205,128 New Shares Under Cleansing Notice
Feb 6, 2026
Great Northern Minerals Limited has issued 205,128 fully paid ordinary shares without a prospectus or disclosure document, relying on provisions of the Corporations Act that allow such placements to be made to investors under specific conditions. ...
Great Northern Minerals Seeks ASX Quotation for Additional 205,128 Shares
Feb 6, 2026
Great Northern Minerals Limited has applied to the ASX for quotation of 205,128 new ordinary fully paid shares, effective 6 February 2026. The modest share issuance, arising from the exercise or conversion of existing securities, slightly increase...
Great Northern Minerals Sells Remaining Golden Ant Stake to Bolster Critical Minerals Focus
Feb 4, 2026
Great Northern Minerals has agreed a revised binding deal with Great Eastern Gold to accelerate the sale of its remaining 37% stake in Golden Ant Mining, owner of the Camel Creek and Golden Cup projects, for $2 million, giving Great Eastern Gold 1...
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.