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Industrial Minerals Limited
(Sydney:IND)
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Rating:46Neutral
Price Target:
AU$0.10
▼(-20.00% Downside)
Action:Reiterated
Date:07/22/26
The score is primarily held down by weak financial performance (pre-revenue, persistent losses, and ongoing cash burn) and bearish technical signals (price below key moving averages and negative MACD). Valuation contributes minimally because the negative P/E reflects losses and no dividend yield data is available.
Positive Factors
Low leverage / balance sheet flexibility
Very low debt-to-equity (~0.04) and modest absolute debt provide meaningful refinancing flexibility and reduce near-term liquidity pressure. Structurally low leverage lowers default risk and gives management time and optionality to fund commercialization via equity or small borrowings without urgent refinancing.
Negative Factors
Pre-revenue status
Absence of revenue for five consecutive years confirms the company remains pre-commercial. Without a revenue base, sustainable profitability and internal cash generation are structurally impossible, leaving the business dependent on external funding and making long-term viability contingent on successful commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance sheet flexibility
Very low debt-to-equity (~0.04) and modest absolute debt provide meaningful refinancing flexibility and reduce near-term liquidity pressure. Structurally low leverage lowers default risk and gives management time and optionality to fund commercialization via equity or small borrowings without urgent refinancing.
Read all positive factors
Industrial Minerals Limited (IND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.63M
Dividend YieldN/A
Average Volume (3M)37.60K
Price to Earnings (P/E)―
Beta (1Y)-0.31
Revenue GrowthN/A
EPS Growth76.73%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding100,322,500
10 Day Avg. Volume20,050
30 Day Avg. Volume37,600
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)2.95
Price to Sales (P/S)0.00
P/FCF Ratio-10.23
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
Industrial Minerals Limited Business Overview & Revenue Model
Company Description
Industrial Minerals Ltd is an Australian-based enterprise specializing in the exploration and development of various mineral projects. The company's primary focus involves prospecting for essential industrial minerals such as gypsum, salt, silica ...
How the Company Makes Money
null...
Industrial Minerals Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
56
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -57.53K | -65.32K | -36.35K | -36.35K | -10.76K | 0.00 |
| EBITDA | -652.61K | -2.28M | -812.00K | -1.50M | -1.22M | 916.25K |
| Net Income | -729.28K | -2.35M | -1.68M | -1.55M | -1.24M | -458.00K |
Balance Sheet | ||||||
| Total Assets | 3.23M | 3.37M | 3.29M | 3.29M | 4.29M | 320.57K |
| Cash, Cash Equivalents and Short-Term Investments | 517.31K | 881.84K | 358.95K | 1.20M | 3.41M | 275.12K |
| Total Debt | 64.11K | 119.26K | 105.40K | 138.98K | 172.13K | 0.00 |
| Total Liabilities | 607.18K | 444.69K | 490.04K | 350.11K | 416.91K | 279.49K |
| Stockholders Equity | 2.62M | 2.93M | 2.80M | 2.94M | 3.88M | 41.08K |
Cash Flow | ||||||
| Free Cash Flow | -385.35K | -845.48K | -2.42M | -2.18M | -1.48M | -174.30K |
| Operating Cash Flow | -385.34K | -845.48K | -827.56K | -904.17K | -916.04K | -141.87K |
| Investing Cash Flow | -298.28K | -755.59K | -1.60M | -1.27M | -563.39K | -32.44K |
| Financing Cash Flow | -31.55K | 2.12M | 1.59M | -33.15K | 4.61M | 449.42K |
Industrial Minerals Limited Technical Analysis
Negative
0.12
Price Trends
0.13
Negative
0.12
Negative
0.13
Negative
Market Momentum
>-0.01
Positive
35.88
Neutral
20.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IND, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.13, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.88 is Neutral, neither overbought nor oversold. The STOCH value of 20.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:IND.
Industrial 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% | |
46 Neutral | AU$9.63M | -10.55 | -26.29% | ― | ― | 76.73% | |
42 Neutral | AU$7.47M | -5.56 | -32.43% | ― | ― | 82.46% | |
41 Neutral | AU$13.86M | -0.43 | -152.86% | ― | 203.53% | 10.13% | |
41 Neutral | AU$6.07M | -0.97 | -42.24% | ― | ― | 40.33% | |
40 Underperform | AU$4.56M | -2.59 | -36.71% | ― | ― | 25.33% |
* Basic Materials Sector Average
AU:IND
Industrial Minerals Limited
0.10
-0.03
-20.80%
AU:WAK
WA Kaolin Ltd.
0.01
-0.03
-75.00%
AU:BMM
Balkan Mining and Minerals Ltd
0.05
-0.02
-28.77%
AU:WYX
Pacific Bauxite Limited
0.03
>-0.01
-16.67%
AU:MML
Allup Silica Ltd.
0.02
>-0.01
-21.05%
AU:KM1
Kali Metals Limited
0.08
-0.08
-50.00%
Industrial Minerals Limited Corporate Events
Industrial Minerals pivots into gold with Laverton portfolio acquisition
Jul 28, 2026
Industrial Minerals Ltd has agreed to acquire the Laverton Gold Portfolio in Western Australia, a package of 15 exploration licences spanning about 205 square kilometres in the highly prospective Laverton Tectonic Zone. The all-share deal, valued ...
Industrial Minerals calls crucial shareholder vote on Galleon Metals acquisition
Jul 23, 2026
Industrial Minerals Ltd has called a general meeting for 21 August 2026 in Peppermint Grove, Western Australia, with shareholder eligibility determined as at 19 August 2026. The meeting will consider several resolutions that are critical to a prop...
Industrial Minerals Defends Disclosure Timing on Laverton Gold Deal and Capital Raising
May 21, 2026
Industrial Minerals Limited has confirmed that it considers its binding agreement to acquire the Laverton Gold Portfolio, the associated historical drill and exploration results, and a proposed two-tranche placement of up to $3 million as material...
Industrial Minerals Outlines Laverton Gold Project Parameters and Risks
May 13, 2026
Industrial Minerals Ltd has released a presentation on its Laverton Gold Project, outlining exploration results and proposed activities for the asset. The company emphasises that the material is general in nature, not investment advice, and is bas...
Industrial Minerals Plans Equity Placement of 20 Million Shares
May 13, 2026
Industrial Minerals Limited has notified the ASX of a proposed placement involving the issue of up to 20 million new fully paid ordinary shares. The new securities are expected to be issued on 19 May 2026, indicating the company is seeking additio...
Industrial Minerals Seeks Trading Halt Ahead of Acquisition and Capital Raising
May 10, 2026
Industrial Minerals Limited has requested a voluntary trading halt on its securities pending an announcement about a proposed acquisition and capital raising. Trading in the company’s shares will remain halted until either the announcement i...
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.