Hawthorn Resources Limited (AU:HAW)
ASX:HAW
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Hawthorn Resources Limited
(Sydney:HAW)
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Rating:46Neutral
Price Target:
AU$0.08
▼(-16.00% Downside)
Action:ReiteratedDate:03/10/26
The score is held back primarily by weak and volatile profitability and continued negative free cash flow, alongside bearish near-term technicals (price below key short-to-mid moving averages and negative MACD). The main offset is a conservatively positioned balance sheet with zero debt, which reduces financial risk.
Positive Factors
Zero Debt Balance Sheet
A zero-debt balance sheet materially reduces refinancing and interest-rate risk for an exploration-stage miner. This durable conservatism preserves financing optionality, lengthens operational runway between raises, and gives management flexibility to pursue projects or JV funding without urgent leverage pressure.
Negative Factors
Volatile Revenues
Persistently volatile and greatly diminished revenues undermine revenue predictability and long-term planning for an exploration company. Without stable top-line receipts, sustaining project pipelines, staffing and multi-year exploration programs requires recurring external funding, increasing dilution and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero Debt Balance Sheet
A zero-debt balance sheet materially reduces refinancing and interest-rate risk for an exploration-stage miner. This durable conservatism preserves financing optionality, lengthens operational runway between raises, and gives management flexibility to pursue projects or JV funding without urgent leverage pressure.
Read all positive factors
Hawthorn Resources Limited (HAW) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$30.15M
Dividend YieldN/A
Average Volume (3M)143.51K
Price to Earnings (P/E)―
Beta (1Y)0.26
Revenue GrowthN/A
EPS Growth37.50%
CountryAU
Employees7
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding335,015,630
10 Day Avg. Volume42,247
30 Day Avg. Volume143,508
Financial Highlights & Ratios
PEG Ratio1.52
Price to Book (P/B)1.44
Price to Sales (P/S)17.49
P/FCF Ratio-52.04
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
Hawthorn Resources Limited Business Overview & Revenue Model
Company Description
Hawthorn Resources Limited, together with its subsidiaries, operates as a diversified base metals and gold mining and exploration company in Western Australia. It holds an 70% interest in the Trouser Legs project located to the north-east of Kalgo...
How the Company Makes Money
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Hawthorn Resources Limited Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
41
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.11M | 673.58K | 326.46K | 5.65M | 92.14K |
| Gross Profit | 1.07M | 673.58K | 326.46K | 1.82M | 90.97K |
| EBITDA | 306.19K | -115.00K | 374.02K | 1.30M | -1.66M |
| Net Income | -341.64K | -537.00K | 84.95K | 927.06K | -1.66M |
Balance Sheet | |||||
| Total Assets | 15.10M | 15.53M | 16.23M | 16.25M | 15.84M |
| Cash, Cash Equivalents and Short-Term Investments | 12.59M | 13.11M | 14.07M | 13.78M | 12.12M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.56M | 1.64M | 1.80M | 2.04M | 2.55M |
| Stockholders Equity | 13.54M | 13.89M | 14.43M | 14.21M | 13.28M |
Cash Flow | |||||
| Free Cash Flow | -373.27K | -939.38K | -1.29M | -1.09M | -3.00M |
| Operating Cash Flow | 451.23K | -415.43K | -426.76K | 123.09K | -1.15M |
| Investing Cash Flow | -824.51K | -523.95K | 732.72K | 2.00M | -1.94M |
| Financing Cash Flow | -154.45K | -17.60K | -10.02K | -459.54K | -13.79M |
Hawthorn Resources Limited Technical Analysis
Negative
0.10
Price Trends
0.11
Negative
0.10
Negative
0.08
Positive
Market Momentum
>-0.01
Negative
34.88
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HAW, the sentiment is Negative. The current price of 0.1 is above the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.11, and above the 200-day MA of 0.08, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 34.88 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HAW.
Hawthorn Resources 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$30.15M | -30.22 | -4.96% | ― | ― | 37.50% | |
46 Neutral | AU$42.41M | 3.40 | 7.66% | ― | 400.00% | 21.71% | |
45 Neutral | AU$52.27M | -3.39 | -35.89% | ― | ― | -4.00% | |
45 Neutral | AU$22.76M | -6.13 | -78.42% | ― | ― | ― | |
44 Neutral | AU$24.84M | -1.26 | -18.70% | ― | ― | 9.01% | |
42 Neutral | AU$51.46M | -1.91 | -342.09% | ― | ― | 40.17% |
* Basic Materials Sector Average
AU:HAW
Hawthorn Resources Limited
0.09
0.05
114.29%
AU:ODY
Odyssey Gold Limited
0.04
0.02
131.25%
AU:IR1
Iris Metals Limited
0.10
-0.06
-37.50%
AU:WGR
Western Gold Resources Ltd.
0.18
0.12
250.00%
AU:MVL
Marvel Gold Ltd.
0.02
<0.01
45.45%
AU:KZR
Kalamazoo Resources Ltd.
0.14
0.06
82.43%
Hawthorn Resources Limited Corporate Events
Hawthorn Resources Discloses Minor Increase in Director’s Indirect Shareholding
Mar 27, 2026
Hawthorn Resources Limited has reported a minor change in the indirect shareholding of director Brian Thornton, disclosed under ASX listing rule requirements. The change arises through the Farrington Corporate Services Superannuation Fund, where T...
Hawthorn Resources director increases stake via superannuation fund
Mar 24, 2026
Hawthorn Resources Limited has disclosed a change in director Brian Thornton’s relevant interests in company securities, as required under ASX listing rules and the Corporations Act. The filing notes that Thornton previously held 5,761,879 o...
Hawthorn Resources Releases Half-Year 2025 Financial Report
Mar 13, 2026
Hawthorn Resources Limited has released its financial report for the half year ended 31 December 2025, providing shareholders with updated consolidated financial statements and accompanying notes. The report, which includes directors’ and au...
Hawthorn Resources Highlights Speculative Risk and Due Diligence in New Investor Presentation
Mar 10, 2026
Hawthorn Resources Limited has released an information presentation outlining its current activities and reiterating that the material is a high-level overview rather than a complete description of the business. The company stresses that the docum...
Hawthorn Resources Advances Anglo Saxon Gold Project With High-Grade Drill Results and Updated Resource
Jan 29, 2026
Hawthorn Resources reported a strong December 2025 quarter, highlighted by completion of a 53-hole, 7,856-metre reverse circulation drilling program at its Anglo Saxon gold project in Western Australia that delivered multiple high-grade and bonanz...
Hawthorn Updates Anglo Saxon Gold Resource, Moves Closer to Restarting Mining
Jan 20, 2026
Hawthorn Resources has completed an updated Mineral Resource Estimate for its high‑grade Anglo Saxon gold project in the Trouser Legs Joint Venture at Pinjin, Western Australia, incorporating results from a recent 7,846m infill reverse‑...
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.