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Great Northern Minerals Limited (AU:GNM)
ASX:GNM

Great Northern Minerals Limited (GNM) AI Stock Analysis

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AU:GNM

Great Northern Minerals Limited

(Sydney:GNM)

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Neutral 41 (OpenAI - 5.2)
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Neutral 41 (OpenAI - 5.2)
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Neutral 41 (OpenAI - 5.2)
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Neutral 41 (OpenAI - 5.2)
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Neutral 41 (OpenAI - 5.2)
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Neutral 41 (OpenAI - 5.2)
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Neutral 41 (OpenAI - 5.2)
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Neutral 41 (OpenAI - 5.2)
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Neutral 41 (OpenAI - 5.2)
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Neutral 41 (OpenAI - 5.2)
Rating:41Neutral
Price Target:
AU$0.03
▼(-17.50% Downside)
Action:UpgradedDate:12/30/25
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn). Technical indicators also lean bearish with negative MACD and the price below key moving averages. Valuation signals are limited due to negative earnings and no dividend yield data.
Positive Factors
Low leverage / no debt
A zero-debt balance sheet materially reduces solvency and interest-rate risk for an exploration-stage gold company. This structural strength gives management flexibility to fund programs via equity or project financing without fixed debt service, preserving runway and optionality over the next 2–6 months.
Improving net loss trend
A marked reduction in net losses year-over-year indicates improving cost control or operational progress. While still loss-making, the structural improvement points to a narrower funding gap and a clearer path to break-even if trends continue, reducing near-term financing pressure and improving sustainability.
Better free cash flow trajectory
An improving free cash flow trend — even from a negative base — signals that cash burn is moderating and management may be prioritizing cash efficiency. Structurally, continued improvement can extend the company's runway, lessen reliance on dilutive raises, and support longer-term program continuity.
Negative Factors
Zero revenue / non‑producing
The absence of revenue indicates a non‑producing, exploration-stage profile that cannot self-fund operations. Structurally this forces ongoing dependence on external capital, amplifies dilution risk, and means fundamentals hinge on successful project development rather than recurring operating cash generation over the medium term.
Persistent cash burn
Consistent negative operating and free cash flow is a durable constraint: it necessitates repeated financing, increases dilution risk, and limits the firm’s ability to invest in exploration or scale. Over a 2–6 month horizon this elevates execution and funding risk, especially if markets tighten.
Shrinking equity and negative ROE
A materially declining equity base and negative ROE reflect accumulated losses or dilution, eroding balance-sheet resilience. Structurally this weakens capacity to raise non-dilutive capital, signals value destruction, and may constrain strategic options or partnership terms in the medium term.

Great Northern Minerals Limited (GNM) vs. iShares MSCI Australia ETF (EWA)

Great Northern Minerals Limited Business Overview & Revenue Model

Company DescriptionGreat 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 Greenpower Energy Limited and changed its name to Great Northern Minerals Limited in October 2019. The company was incorporated in 1899 and is based in West Perth, Australia.
How the Company Makes Moneynull

Great Northern Minerals Limited Financial Statement Overview

Summary
Income statement and cash flow are very weak (zero revenue in 2024–2025, continued losses, and persistent negative operating/free cash flow indicating ongoing cash burn). The main offset is a low-leverage balance sheet (no debt in 2024–2025), but shrinking equity and negative returns point to continued funding/dilution risk.
Income Statement
18
Very Negative
The company has very limited and inconsistent revenue generation (revenue is zero in 2025 and 2024), which makes profitability structurally weak. Losses continue in the most recent years, with net income at -615,539 in 2025 versus -2,011,056 in 2024 (an improvement, but still negative). While 2023 showed a one-off profitable year (net income 1,363,852) on modest revenue, the broader multi-year pattern is persistent operating losses and negative operating earnings, indicating an early-stage or non-producing profile with high cost burden relative to sales.
Balance Sheet
46
Neutral
Leverage is low with minimal to no debt in recent periods (total debt is 0 in 2025 and 2024), which reduces solvency risk and provides balance-sheet flexibility. However, the equity base has been shrinking materially (stockholders’ equity fell from 3,585,921 in 2023 to 1,351,213 in 2025), reflecting ongoing losses and/or capital movements. Returns on equity are negative in the latest two years, consistent with value erosion despite a relatively clean debt profile.
Cash Flow
20
Very Negative
Cash generation is weak: operating cash flow and free cash flow are consistently negative across all provided years, including -744,321 in 2025 and -1,557,913 in 2024, indicating ongoing cash burn to sustain operations. Free cash flow improved in 2025 versus 2024, but it remains meaningfully negative, suggesting continued reliance on external funding (e.g., equity raises) to finance exploration and corporate costs. Cash flow performance has been volatile year-to-year, and the overall trend still points to limited self-funding capacity.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue0.000.000.0049.40K1.80K0.00
Gross Profit-5.99K-7.34K-23.37K8.27K-40.02K-44.21K
EBITDA-4.93M-789.86K-1.49M1.41M-6.88M-3.46M
Net Income-4.70M-615.54K-2.01M1.36M-6.93M-3.51M
Balance Sheet
Total Assets8.97M1.41M3.75M4.73M6.20M3.92M
Cash, Cash Equivalents and Short-Term Investments2.82M1.29M230.20K1.23M2.75M1.90M
Total Debt0.000.000.0011.67K44.99K75.24K
Total Liabilities139.85K57.31K2.33M2.36M6.79M425.67K
Stockholders Equity8.83M1.35M2.47M3.59M638.17K4.72M
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 Flow854.01K1.81M568.39K179.75K0.00-853.83K
Financing Cash Flow2.61M0.00-9.54K1.13M2.81M4.22M

Great Northern Minerals Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.04
Price Trends
50DMA
0.04
Negative
100DMA
0.05
Negative
200DMA
0.05
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
43.83
Neutral
STOCH
38.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GNM, the sentiment is Negative. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.83 is Neutral, neither overbought nor oversold. The STOCH value of 38.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:GNM.

Great Northern Minerals Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
48
Neutral
AU$6.14M-2.11-139.36%168.85%13.51%
47
Neutral
AU$23.26M-0.32-909.92%62.50%
43
Neutral
AU$3.22M-0.22-164.84%76.76%
41
Neutral
AU$17.00M-0.72-92.34%69.23%
41
Neutral
AU$3.55M-2.90-42.72%
40
Underperform
AU$6.27M-4.04-120.71%65.32%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:GNM
Great Northern Minerals Limited
0.04
0.02
150.00%
AU:LSR
Lodestar Minerals
0.02
<0.01
66.67%
AU:DMG
Dragon Mountain Gold Limited
0.01
>-0.01
-15.38%
AU:GSM
Golden State Mining Ltd.
0.01
<0.01
30.00%
AU:RAS
Ragusa Minerals Ltd
0.03
<0.01
47.62%
AU:WSR
Westar Resources Ltd.
0.01
0.00
0.00%

Great Northern Minerals Limited Corporate Events

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. The report also includes a directors’ report, auditors’ independence declaration and review report, along with detailed notes to the financial statements and an updated schedule of the company’s interests in tenements, offering stakeholders greater transparency over its current financial health and asset base.

The publication of the half-year financials gives the market formal insight into Great Northern Minerals’ recent operating performance and balance sheet strength, information that can influence investor sentiment and capital allocation decisions. By disclosing reviewed financial statements and tenement interests, the company reinforces its compliance and governance credentials, which may support its standing among peers in the mineral exploration industry and inform strategic assessments by shareholders and potential investors.

The most recent analyst rating on (AU:GNM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Great Northern Minerals Limited stock, see the AU:GNM Stock Forecast page.

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 compliant with its continuous disclosure and financial reporting obligations and stated there is no excluded information requiring disclosure at the date of the notice, signalling routine capital management with no undisclosed material developments for investors.

The cleansing notice formally advises the market that the newly issued shares can be traded on an uninformed basis, as GNM asserts it has met all relevant chapters 2M, 674 and 674A requirements of the Corporations Act. This step helps maintain transparency and regulatory compliance while modestly increasing the company’s share capital base, with limited immediate impact signalled for existing shareholders beyond minor dilution.

The most recent analyst rating on (AU:GNM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Great Northern Minerals Limited stock, see the AU:GNM Stock Forecast page.

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, modestly increasing the company’s quoted capital base and potentially providing additional funding flexibility for its ongoing activities.

The application confirms the company’s ongoing use of equity markets to support its capital structure, signalling continued engagement with investors through listed securities. While the number of new shares is relatively small, the move underscores Great Northern Minerals’ adherence to ASX regulatory processes and may marginally affect existing shareholders through a slight expansion of the share register.

The most recent analyst rating on (AU:GNM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Great Northern Minerals Limited stock, see the AU:GNM Stock Forecast page.

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 fully paid ordinary shares via an on-market trade valued at $45,282.50.

Following the transaction, King’s indirect holdings now comprise 16,376,667 fully paid ordinary shares and 2,100,000 listed options through King Corporate Pty Ltd, and 7,250,000 fully paid ordinary shares through La Paz Resources Pty Ltd. The notice underscores ongoing director-level investment activity in the company’s stock, which may be closely watched by shareholders and the market as an indication of confidence and alignment with investor interests.

The most recent analyst rating on (AU:GNM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Great Northern Minerals Limited stock, see the AU:GNM Stock Forecast page.

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. The company states it remains compliant with its financial reporting and continuous disclosure obligations and confirms there is no excluded information that would need to be disclosed, signalling that the small share issue is a routine capital management step with no undisclosed material developments for shareholders.

The most recent analyst rating on (AU:GNM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Great Northern Minerals Limited stock, see the AU:GNM Stock Forecast page.

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 increases the company’s quoted capital base and provides incremental funding or equity flexibility without materially altering its capital structure for existing shareholders.

The most recent analyst rating on (AU:GNM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Great Northern Minerals Limited stock, see the AU:GNM Stock Forecast page.

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 100% of Golden Ant and full rights under the NorthX joint venture once conditions are met. The proceeds, which augment GNM’s existing $2.82 million cash balance, are intended to strengthen liquidity, fund exploration at its wholly owned Catalyst Ridge and Douglas Creek critical minerals projects, and support potential new acquisitions, sharpening the company’s strategic focus on its core critical minerals portfolio and improving its financial flexibility for future growth initiatives.

The most recent analyst rating on (AU:GNM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Great Northern Minerals Limited stock, see the AU:GNM Stock Forecast page.

Great Northern Minerals Advances Catalyst Ridge With High-Grade Antimony Results and US Listing
Jan 22, 2026

Great Northern Minerals Limited reported a strong December 2025 quarter centred on the completed acquisition and rapid advancement of its Catalyst Ridge Project, where initial fieldwork has confirmed high-grade antimony mineralisation with associated silver and tungsten at the newly defined Antimony Gulch prospect. The company has begun expanding the project footprint through new prospecting permit applications over highly prospective ground, initiated extensive stream-sediment sampling to pinpoint rare earth element targets, entered an exclusive patent option agreement with the University of Arizona for advanced bastnaesite flotation technology directly applicable to Catalyst Ridge, secured trading of its shares on the US OTCQB under the code GNMRF, and closed the quarter with a cash balance of $2.82 million to support ongoing exploration and technology development.

The most recent analyst rating on (AU:GNM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Great Northern Minerals Limited stock, see the AU:GNM Stock Forecast page.

Great Northern Minerals Seeks ASX Quotation for 13.4 Million Options
Jan 21, 2026

Great Northern Minerals Limited has applied to the ASX for quotation of 13,371,761 options (ASX code GNMO) expiring on 24 October 2027, with an issue date of 21 January 2026. The move formalises the listing of previously announced securities under an Appendix 3B, broadening the company’s tradable instrument base and potentially enhancing liquidity and flexibility for investors as it continues to fund and execute its exploration and development strategy.

The most recent analyst rating on (AU:GNM) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Great Northern Minerals Limited stock, see the AU:GNM Stock Forecast page.

Great Northern Minerals Issues Cleansing Prospectus to Free Trading of Listed Options
Jan 19, 2026

Great Northern Minerals has issued a cleansing prospectus for an offer of up to 10,000 listed options at a nil issue price, aimed at removing trading restrictions on all listed options issued prior to the offer’s closing date of 21 January 2026. The options offer is not underwritten and is classified as speculative, with the primary purpose being to enable freer secondary trading of the company’s options under section 708A(11) of the Corporations Act, which may enhance liquidity for existing option holders and support broader market participation in the company’s securities.

The most recent analyst rating on (AU:GNM) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Great Northern Minerals Limited stock, see the AU:GNM Stock Forecast page.

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.Date of analysis: Dec 30, 2025