Native Mineral Resources Holdings Ltd. (AU:NMR)
ASX:NMR
Top Page
Native Mineral Resources Holdings Ltd.
(Sydney:NMR)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$0.06
â–¼(-3.33% Downside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by weak financial performance—minimal revenue, widening losses, and sharply higher cash burn—despite an improved equity position that came with substantially higher debt. Technicals also weigh on the score with broad weakness below moving averages and negative MACD, while valuation provides limited support given a negative P/E and no dividend yield.
Positive Factors
Improved Equity Position
A swing to positive equity (~$10M) reduces immediate insolvency risk and strengthens the company's negotiating position with joint‑venture partners and lenders. This buffer supports continued exploration spending and deal-making over the next several months without forcing urgent asset sales.
Negative Factors
No Recurring Revenue
Absence of recurring revenue means operations cannot self‑fund; the business remains entirely financing‑dependent. Over months this increases execution risk, forces reliance on capital markets or asset sales, and makes progress toward value‑creating milestones contingent on outside funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Equity Position
A swing to positive equity (~$10M) reduces immediate insolvency risk and strengthens the company's negotiating position with joint‑venture partners and lenders. This buffer supports continued exploration spending and deal-making over the next several months without forcing urgent asset sales.
Read all positive factors
Native Mineral Resources Holdings Ltd. (NMR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$56.03M
Dividend YieldN/A
Average Volume (3M)2.28M
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue GrowthN/A
EPS Growth-49.48%
CountryAU
Employees16
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding1,098,712,800
10 Day Avg. Volume4,110,422
30 Day Avg. Volume2,279,073
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)10.33
Price to Sales (P/S)0.00
P/FCF Ratio-5.46
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
Native Mineral Resources Holdings Ltd. Business Overview & Revenue Model
Company Description
Native Mineral Resources Holdings Limited explores for and develops mineral properties in Queensland and Western Australia. It primarily explores for copper, zinc, gold, nickel, and precious and base metal deposits. The company's flagship property...
How the Company Makes Money
Native Mineral Resources Holdings Ltd. generates revenue primarily by exploring for and developing mineral deposits, which can then be sold or licensed to larger mining companies or other stakeholders. Once economically viable mineral deposits are...
Native Mineral Resources Holdings Ltd. Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.78M | 0.00 | 0.00 | 0.00 | 30.67K | 271.00 |
| Gross Profit | -12.23M | -86.89K | -38.23K | -44.47K | -116.31K | -7.31K |
| EBITDA | -30.18M | -14.84M | -3.67M | -3.68M | -4.56M | -3.66M |
| Net Income | -32.31M | -16.18M | -3.74M | -3.73M | -4.60M | -3.67M |
Balance Sheet | ||||||
| Total Assets | 43.37M | 37.92M | 159.62K | 565.97K | 723.97K | 2.14M |
| Cash, Cash Equivalents and Short-Term Investments | 11.25K | 13.47K | 10.46K | 306.84K | 449.96K | 2.05M |
| Total Debt | 17.52M | 16.57M | 1.13M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 34.49M | 27.92M | 1.89M | 371.27K | 225.93K | 142.14K |
| Stockholders Equity | 8.88M | 10.00M | -1.73M | 194.70K | 498.04K | 2.00M |
Cash Flow | ||||||
| Free Cash Flow | -26.11M | -18.92M | -2.91M | -3.45M | -4.71M | -3.24M |
| Operating Cash Flow | -11.99M | -11.22M | -2.87M | -3.43M | -4.55M | -3.20M |
| Investing Cash Flow | -13.10M | -7.72M | -31.31K | -26.28K | 12.77K | -44.70K |
| Financing Cash Flow | 24.59M | 18.94M | 2.62M | 3.31M | 2.94M | 5.29M |
Native Mineral Resources Holdings Ltd. Technical Analysis
Negative
0.06
Price Trends
0.07
Negative
0.07
Negative
0.10
Negative
Market Momentum
>-0.01
Positive
38.32
Neutral
38.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NMR, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.10, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.32 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:NMR.
Native Mineral Resources Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$514.78M | 3.21 | 15.33% | ― | 6.70% | ― | |
63 Neutral | AU$180.78M | 146.12 | 0.67% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$347.52M | -4.82 | -53.29% | ― | ― | ― | |
47 Neutral | AU$140.23M | -14.15 | -19.34% | ― | ― | -10.08% | |
44 Neutral | AU$123.44M | -11.76 | -39.71% | ― | ― | 25.00% | |
43 Neutral | AU$56.03M | -0.66 | -342.18% | ― | ― | -49.48% |
* Basic Materials Sector Average
AU:NMR
Native Mineral Resources Holdings Ltd.
0.05
-0.05
-48.48%
AU:QGL
Quantum Graphite Ltd
0.40
-0.06
-13.04%
AU:AIS
Aeris Resources Limited
0.43
0.27
168.75%
AU:CTM
Centaurus Metals Limited
0.62
0.29
86.36%
AU:RNU
Renascor Resources Limited
0.07
0.02
47.92%
AU:ZEO
Zeotech Limited
0.06
>-0.01
-1.64%
Native Mineral Resources Holdings Ltd. Corporate Events
Native Mineral Resources lifts gold output and advances Podosky start in Queensland
Mar 25, 2026
Native Mineral Resources has reported a 560oz doré gold pour from its Blackjack processing plant, bringing total ore milled to 138kt and reinforcing operational momentum despite mining at Blackjack being temporarily suspended for drilling and...
Native Mineral Resources Confirms Shallow High-Grade Gold at Podosky
Mar 23, 2026
Native Mineral Resources has reported additional high-grade gold intercepts from Phase 1 drilling at the Podosky deposit, part of its Ravenswood Gold Project joint venture in Queensland. The company has updated its earlier announcement to improve ...
Native Mineral Resources Secures Exclusive Mining Rights at Podosky Gold Deposit
Mar 16, 2026
Native Mineral Resources has signed a binding term sheet with Haoma Mining to secure exclusive 12‑month mining rights over the Podosky gold deposit in northern Queensland, previously part of their Ravenswood joint venture. Under the agreemen...
Native Mineral Resources Shareholders Reject Board and Name Changes at General Meeting
Mar 16, 2026
Native Mineral Resources has confirmed that all resolutions put forward at a shareholder-requisitioned general meeting held on 16 March 2026 failed to pass. The requisitioning shareholders, who had called the meeting under the Corporations Act, di...
Native Mineral Resources Releases Half-Year 2025 Financial Report
Mar 13, 2026
Native Mineral Resources Holdings Ltd. has released its financial report for the half-year ended 31 December 2025, providing investors with consolidated statements of financial position, profit or loss, cash flows and changes in equity. The report...
S&P Dow Jones Revises All Ordinaries Rebalance, Adds Resource and Growth Stocks
Mar 10, 2026
SP Dow Jones Indices has updated its March 2026 quarterly rebalance decisions for the All Ordinaries index on the ASX, reversing earlier plans to add African Gold Limited and remove American Rare Earths Limited. The revised outcome confirms that A...
Native Mineral Resources Issues New Shares as Drilling Program Continues
Mar 8, 2026
Native Mineral Resources Holdings Ltd has issued 750,000 new fully paid ordinary shares following the exercise of unlisted options at an exercise price of $0.02 per share, with the securities issued under an ASX Listing Rule 7.2 exception and with...
Native Mineral Resources to List 750,000 New Shares on ASX
Mar 8, 2026
Native Mineral Resources Holdings Ltd. has applied for the quotation of 750,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of March 9, 2026. The additional securities, arising from the exercise or conv...
Native Mineral Resources confirms shallow high-grade gold at Podosky as mine planning advances
Mar 8, 2026
Native Mineral Resources has reported further strong shallow high-grade gold intercepts from Phase 1 drilling at the Podosky deposit in northern Queensland, part of its Ravenswood Gold Project joint venture with Haoma Mining. Standout results such...
S&P Dow Jones Unveils March 2026 S&P/ASX Index Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced the March 2026 quarterly rebalance of the SP/ASX equity indices, triggering a series of additions and removals across the SP/ASX 20, 50, 100, 200 and 300 benchmarks. The reshuffle reflects changing market capital...
Native Mineral Resources Investors Cease to Be Substantial Holders After Share Sale
Feb 11, 2026
Native Mineral Resources Limited has disclosed that a group of previously substantial shareholders has ceased to hold a substantial position in the company, following the sale of 200,000 fully paid ordinary shares by investors Gary Lee Suckling an...
Native Mineral Resources Starts Podosky Drilling to Fast-Track Ravenswood Gold JV
Feb 10, 2026
Native Mineral Resources has begun a 21-hole grade control drilling program at the Podosky deposit within its Ravenswood Gold joint venture in Queensland, following completion of a cultural heritage survey with the Birriah People. The program is d...
Native Mineral Resources Cuts Debt Early as Cash Flow Supports Charters Towers Growth
Feb 8, 2026
Native Mineral Resources has made early repayments on its finance facility with Collins St Convertible Notes Pty Ltd, linked to its 2024 acquisition of Charters Towers assets. The company has paid $1.92 million to cover the February and March 2026...
Native Mineral Resources Director Increases Equity Stake Through Option and Rights Conversion
Feb 6, 2026
Native Mineral Resources Holdings Limited has announced changes to the interests of director James Walker, reflecting the conversion of vested rights and options into fully paid ordinary shares. Through his indirect holdings in Burrill Skies Pty L...
Native Mineral Resources Director Increases Equity Stake Through Option Exercises
Feb 6, 2026
Native Mineral Resources Holdings Limited has disclosed a change in the interests of director Blake Cannavo, whose holdings are held indirectly through BOC Holdings Pty Ltd and a related family account. Cannavo has exercised a total of 43 million ...
Native Mineral Resources Director Philip Gardner Exercises 10 Million Options Into Shares
Feb 6, 2026
Native Mineral Resources Holdings Limited has disclosed a change in the interests of director Philip Gardner, who has increased his direct shareholding through the exercise of previously issued options. Gardner converted 10 million unquoted option...
Native Mineral Resources Directors Inject $1.6m by Exercising Options
Feb 5, 2026
Native Mineral Resources has received a $1.62 million capital injection after its board members exercised unlisted options into fully paid ordinary shares, with Managing Director Blake Cannavo contributing $1.22 million and Non-Executive Chair Jam...
Native Mineral Resources Boosts Capital Base with Issue of 63.5m New Shares
Feb 5, 2026
Native Mineral Resources Holdings Ltd has expanded its capital base by issuing 63,460,000 new ordinary fully paid shares following the exercise of a series of options and the conversion of vested performance rights. The new shares, which rank equa...
Native Mineral Resources Seeks ASX Quotation for 63.5 Million New Shares
Feb 5, 2026
Native Mineral Resources Holdings Ltd. has applied to the Australian Securities Exchange for quotation of 63.46 million new ordinary fully paid shares under its existing NMR ticker. The issuance of these additional securities, arising from the exe...
Native Mineral Resources Posts Quarterly Cash Outflows Amid Ongoing Exploration Spend
Jan 30, 2026
Native Mineral Resources Holdings reported a net operating cash outflow of A$675,000 for the December 2025 quarter, driven by exploration and evaluation spending, production-related outlays, staff costs and corporate expenses, despite modest recei...
Native Mineral Resources boosts Blackjack output and advances growth pipeline
Jan 30, 2026
Native Mineral Resources reported December quarter production of 929.42 ounces of refined gold from its Blackjack operation in Queensland, supported by strong plant performance with 95.3% recovery and a record gold doré pour in January that g...
Native Mineral Resources Hits High-Grade Near-Surface Gold at Blackjack as Mining Restart Accelerates
Jan 30, 2026
Native Mineral Resources has reported strong early assay results from its January 2026 shallow reverse circulation drilling program at the Blackjack Gold Project in Queensland, with 19 of the first 34 holes returning grades above the estimated 0.6...
Native Mineral Resources Marks Record Gold Pour as Blackjack Expansion Gains Pace
Jan 28, 2026
Native Mineral Resources has started 2026 with a record gold smelt at its Blackjack Gold Operations in Queensland, pouring six gold doré bars totalling 1,474.9 ounces on 28 January and taking cumulative gold outturn revenue to more than A$10 ...
Native Mineral Resources Faces Shareholder-Requisitioned Meeting on Board Changes
Jan 23, 2026
Native Mineral Resources Holdings Ltd has received a requisition notice from a group of eight shareholders, collectively holding about 5.01% of voting shares, requiring the company to convene a general meeting to vote on resolutions that include t...
Native Mineral Resources Faces Shareholder Push to Remove Directors
Jan 22, 2026
Native Mineral Resources Holdings Ltd has received a notice of intention from a group of eight shareholders, collectively holding about 5.01% of voting power, seeking to move resolutions at a future general meeting to remove certain directors, inc...
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.