Industrial Minerals Limited (AU:IND)
ASX:IND
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Industrial Minerals Limited
(Sydney:IND)
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Rating:51Neutral
Price Target:
AU$0.13
▲(9.17% Upside)
Action:Reiterated
Date:05/15/26
The score is held down primarily by weak financial performance (no revenue, persistent losses, and ongoing cash burn), partly offset by a low-leverage balance sheet. Technicals are supportive with strong momentum above major moving averages, but overbought indicators add near-term risk. Valuation is constrained by negative earnings and the absence of a dividend.
Positive Factors
Low Leverage / Balance Sheet Flexibility
A very low debt-to-equity (~0.04) and modest absolute debt reduce refinancing and interest risks for a capital-intensive developer. This structural balance-sheet strength gives management time and optionality to pursue exploration, JV or farm-out strategies without near-term solvency pressure.
Negative Factors
Pre-revenue Operations
Being pre-revenue is a durable execution risk: without commercial sales the company depends on financing or partner deals to fund exploration, development, and corporate costs. Long timelines to production increase dilution risk and create uncertainty around the timing of sustainable cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Balance Sheet Flexibility
A very low debt-to-equity (~0.04) and modest absolute debt reduce refinancing and interest risks for a capital-intensive developer. This structural balance-sheet strength gives management time and optionality to pursue exploration, JV or farm-out strategies without near-term solvency pressure.
Read all positive factors
Industrial Minerals Limited (IND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.04M
Dividend YieldN/A
Average Volume (3M)37.60K
Price to Earnings (P/E)―
Beta (1Y)-0.25
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, a mineral exploration company, explores for and develops mineral projects in Australia. The company primarily explores for gypsum and salt, silica sand, construction sand, and aggregates. It holds 100% interests in 14 high...
How the Company Makes Money
Industrial Minerals Limited’s earnings are expected to be generated primarily through commercialising its industrial mineral projects. Potential revenue streams include (1) sale of produced industrial mineral products (e.g., silica/sand-based prod...
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
Positive
0.12
Price Trends
0.12
Positive
0.13
Positive
0.14
Positive
Market Momentum
<0.01
Positive
56.37
Neutral
73.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IND, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.12, and below the 200-day MA of 0.14, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.37 is Neutral, neither overbought nor oversold. The STOCH value of 73.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
51 Neutral | AU$13.04M | -16.52 | -26.29% | ― | ― | 76.73% | |
46 Neutral | AU$6.25M | -1.21 | -330.13% | ― | ― | -31.15% | |
44 Neutral | AU$12.53M | -23.46 | 10.69% | ― | ― | 83.89% | |
44 Neutral | AU$5.27M | -0.58 | -120.84% | ― | ― | -520.00% | |
42 Neutral | AU$37.19M | -18.11 | -99.27% | ― | ― | 54.55% |
* Basic Materials Sector Average
AU:IND
Industrial Minerals Limited
0.15
0.04
36.36%
AU:CLZ
Classic Minerals Ltd.
0.01
0.00
0.00%
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Mount Ridley Mines Limited
0.03
0.02
125.00%
AU:KLR
Kaili Resources Limited
0.08
0.04
110.00%
AU:SLZ
Sultan Resources Ltd.
0.01
0.00
0.00%
AU:AIV
ActivEX Limited
0.02
<0.01
10.00%
Industrial Minerals Limited Corporate Events
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...
Industrial Minerals advances high purity quartz strategy at Pippingarra
Apr 30, 2026
Industrial Minerals Ltd concentrated on strategic marketing of its high purity quartz during the March quarter, seeking long-term global and APAC partnerships and offtake agreements to underpin investment in processing and market development. The ...
Industrial Minerals Releases Half-Year Interim Financial Report
Mar 10, 2026
Industrial Minerals Limited has released its interim financial report for the half year ended 31 December 2025. The document provides the condensed consolidated financial statements, directors’ report, auditor’s review, and related dec...
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.