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Neometals Ltd
(Sydney:NMT)
Neometals Ltd (NMT) vs. iShares MSCI Australia ETF (EWA)
Neometals Ltd Business Overview & Revenue Model
Neometals Ltd Financial Statement Overview
| 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 | -490.22K | -446.28K | -491.00K | -420.12K | -457.00K | -599.00K |
| EBITDA | -12.83M | -12.58M | -28.83M | -24.83M | -14.51M | 21.82M |
| Net Income | -20.08M | -31.02M | -69.11M | -34.80M | 4.36M | 16.34M |
Balance Sheet | ||||||
| Total Assets | 26.96M | 24.29M | 42.13M | 114.27M | 146.98M | 170.23M |
| Cash, Cash Equivalents and Short-Term Investments | 6.27M | 4.44M | 9.65M | 25.20M | 62.39M | 95.84M |
| Total Debt | 4.25M | 4.50M | 4.11M | 937.67K | 371.76K | 699.91K |
| Total Liabilities | 8.74M | 6.10M | 5.66M | 20.75M | 20.39M | 23.46M |
| Stockholders Equity | 18.80M | 18.64M | 36.48M | 93.52M | 126.60M | 146.77M |
Cash Flow | ||||||
| Free Cash Flow | -9.39M | -12.88M | -13.09M | -25.80M | -30.21M | -12.55M |
| Operating Cash Flow | -9.38M | -11.51M | -13.06M | -19.37M | -24.87M | -10.87M |
| Investing Cash Flow | 3.36M | -6.39M | -12.63M | -15.98M | -12.65M | 28.42M |
| Financing Cash Flow | 1.62M | 12.90M | 10.36M | -366.23K | 3.61M | -703.08K |
Neometals Ltd Technical Analysis
Neometals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | AU$408.81M | 0.05 | 154.06% | ― | ― | 66.10% | |
49 Neutral | AU$46.23M | -25.46 | -107.26% | ― | ― | 63.36% | |
49 Neutral | AU$213.95M | -8.18 | -11.15% | ― | ― | -88.89% | |
45 Neutral | AU$236.07M | -8.28 | -20.47% | ― | ― | 7.28% | |
45 Neutral | AU$98.74M | -12.92 | -67.75% | ― | ― | -414.88% | |
43 Neutral | AU$189.04M | -13.08 | -41.80% | ― | ― | 15.91% |
Neometals Ltd Corporate Events
Neometals Ltd has lodged an Appendix 3B with the ASX outlining a proposal to issue up to 13 million new unlisted options as part of a placement or other form of security issue. The options will constitute a new class of securities for the company, with the proposed issue date recorded as 20 March 2026, indicating an expansion of its capital structure that may have implications for existing shareholder dilution and future funding flexibility.
The most recent analyst rating on (AU:NMT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
Neometals has agreed to acquire a 51% stake in Utah Brine Corporation, a special purpose vehicle holding a large lithium and potash brine project in Utah’s Paradox Basin, by funding up to US$2 million in project costs over three years. The deal marks Neometals’ return to upstream critical minerals and provides low-cost exposure to more than 80,000 acres of prospective brine tenure in the Lisbon Valley area.
Utah Brine Corporation has secured an exclusive access and use licence over 24 inactive oil and gas wells, associated leases and infrastructure, enabling brine sampling, technical test work and project evaluation activities. While no mineral resources or reserves have yet been defined and no development decision has been made, the joint venture positions Neometals to leverage its lithium expertise in a strategic U.S. jurisdiction alongside its 49% partner Omaha Value Inc., which will fund a separate payment to the licence holders upon permitting milestones.
The most recent analyst rating on (AU:NMT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
Neometals has completed a first-pass reverse circulation drilling program at the historic Rinaldi copper prospect within its Barrambie Project, drilling five holes for 495 metres and receiving initial assays from 50 of 526 samples. The company has confirmed primary copper sulphide mineralisation, including bornite and chalcopyrite, beneath the old Rinaldi pit at about 70 metres depth, with early significant intercepts such as 7 metres at 1.72% copper and 5 metres at 1.26% copper, suggesting the presence of a broader mineralised system.
Only a subset of geologically targeted samples has been assayed so far, and routine analysis for copper, gold and silver on the remaining samples is ongoing, with results to follow. On the back of this confirmation of primary sulphides, Neometals plans a dipole-dipole induced polarisation survey starting in April 2026 to assess the scale and geometry of the copper sulphide system and to prioritise follow-up drilling, potentially enhancing the project’s copper credentials alongside its gold focus.
The most recent analyst rating on (AU:NMT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
Neometals has completed a positive scoping study for the potential Phase 1 development of the Ironclad gold deposit at its Barrambie Gold Project in Western Australia. The study indicates a rapid pathway to producing 10,000 to 11,000 ounces of gold, with about 82% of the resources in the Indicated category, supporting confidence in the initial production target.
The work draws on mining, transport and tolling cost inputs from BMLV Ventures, with the parties in advanced talks on a Mining Services and Joint Venture Agreement to finalise project evaluation. While the study highlights brownfields exploration upside and modest funding needs of about A$2 million, Neometals stresses the preliminary nature of the assessment, the reliance on both Indicated and Inferred resources, and the need for further drilling, studies and financing before any reserves can be declared or development proceeds.
The most recent analyst rating on (AU:NMT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
Neometals’ half-year report outlines progress across its Barrambie Gold Project, where infill and extensional drilling at the Ironclad deposit was completed in the December 2025 quarter, followed by assay results in early 2026 and an updated mineral resource estimate in March 2026. The company has also entered a letter of intent with a mining contractor for a production joint venture at Ironclad, leveraging nearby third-party processing facilities and transport infrastructure.
In addition, Neometals is advancing a divestment process for its high-grade Barrambie titanium and vanadium deposit, while pushing commercialisation of its proprietary ELi Process for low-cost lithium chemicals in partnership with major industry players. It is also progressing project financing for its first commercial vanadium recovery plant, with both processing technologies intended to be monetised through a technology licensing business model that could shift Neometals toward a capital-light revenue profile.
The most recent analyst rating on (AU:NMT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
Neometals has extended by 30 days the exclusivity period of its non-binding Letter of Intent with BML Ventures to develop the Ironclad Deposit at its wholly owned Barrambie Gold Project in Western Australia. The extension gives BML time to complete commercial and technical due diligence while Neometals finalises an internal scoping study and both parties work toward executing definitive joint venture documents within the new timeframe.
Since signing the LOI, Neometals has progressed key technical and approvals workstreams, including an updated mineral resource estimate for the Ironclad gold deposit. The move signals continued momentum toward a potential production joint venture at Ironclad, which could unlock value from Barrambie’s gold potential and further position Neometals as both a project developer and technology provider in critical and precious metals markets.
The most recent analyst rating on (AU:NMT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
Neometals’ 70:30 joint venture vehicle Reed Advanced Materials, co-owned with Mineral Resources, has extended its memorandum of understanding with Rio Tinto subsidiary Livent USA Corp. for a further 12 months to advance validation of its ELi Process lithium technology. The extended agreement will allow additional time to test new brine feedstock from Rio Tinto’s existing lithium brine operations and to integrate electrolysis equipment from technology partner De Nora into a pilot-scale ELi Process plant, marking a key step toward industrial validation that could strengthen Neometals’ position in low-cost lithium chemicals and support future commercial licensing opportunities with major industry players.
The most recent analyst rating on (AU:NMT) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
Neometals’ December 2025 quarter was marked by strong progress at its 100%-owned Barrambie Gold Project, where an 8,457m reverse circulation drilling program delivered high-grade gold intercepts at the Barrambie Ranges trend, Ironclad deposit and Mystery mine, supported by metallurgical test work showing gravity recoveries up to 71% and overall gold recoveries of up to 98%. The company also signed a non-binding letter of intent with BML Ventures to negotiate a 50:50 profit-sharing production joint venture to develop the Ironclad Gold Deposit via open-pit mining, advanced discussions with potential partners and licensees for its ELi lithium chemicals technology, and secured a €48.7 million conditional grant and a further €1.5 million investment commitment to advance its Pori vanadium recovery project in Finland, while adding an optioned US brines opportunity in Utah and ending the quarter with A$6.4 million in cash, A$2.5 million in investments and receivables, and no debt. These developments collectively strengthen Neometals’ pipeline across gold, lithium and vanadium, underpinning funding for its flagship vanadium project, de-risking early-stage gold production potential, and opening new critical minerals exposure in a low-cost US brines play, which together may enhance its strategic positioning in the global critical minerals sector and provide potential upside for shareholders if projects advance to development.
The most recent analyst rating on (AU:NMT) stock is a Sell with a A$0.07 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
Neometals has reported all gold assay results from recent reverse circulation drilling at the Ironclad deposit and historic Mystery mine area within its Barrambie Gold Project, confirming multiple high-grade intercepts that support the existing geological model and indicate strong northerly plunges of higher-grade mineralisation. The company is now updating the Ironclad Inferred Mineral Resource estimate and mine plan, advancing technical and environmental studies ahead of mining approvals, and planning the next phase of exploration across the Mystery and Barrambie Ranges trends, steps that reinforce Barrambie’s potential as a significant gold development alongside its titanium resource and underpin Neometals’ transition toward production, including its planned joint venture with BML Ventures.
The most recent analyst rating on (AU:NMT) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
Neometals’ 70%-owned Reed Advanced Materials has entered a three-year collaboration with Italian electrochemical specialist Industrie De Nora and its Japanese arm to integrate De Nora’s electrolysis technology with RAM’s proprietary ELi Process for refining lithium chloride brines into battery-grade lithium hydroxide or carbonate. The partners will jointly design, build and operate a pilot plant at an end-user industrial site, targeting advancement of the integrated system to higher technology readiness levels, while preserving their respective intellectual property and funding their own scopes, with a view to potential commercial-scale rollout and preferred-supplier arrangements that could strengthen Neometals’ position in the lithium value chain and support more sustainable, secure lithium supply for battery and decarbonisation markets.
The most recent analyst rating on (AU:NMT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
Neometals has secured a 60-day extension to its exclusivity and option agreement with US partner Omaha Value, Inc. for access and usage rights over inactive oil and gas wells, leases and geological data in Utah held by American Helium LLC and Ascent Resources plc. Under the variation, Neometals’ subsidiary Neometals Energy and Omaha will pay a US$50,000 option extension fee, creditable against future payments if the option is exercised, while all other terms remain unchanged, underscoring the parties’ ongoing commitment to due diligence and potential commercialisation opportunities in the Paradox Basin that could broaden Neometals’ energy-related asset base and diversify its growth pipeline.
The most recent analyst rating on (AU:NMT) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Neometals Ltd stock, see the AU:NMT Stock Forecast page.
Neometals announced that EIT RawMaterials will invest a further €1.5 million in Novana Oy, the Neometals-backed developer of the Finnish Vanadium Recovery Project (VRP1), to fund technical and commercial work, including piloting a novel beneficiation process intended to enhance project economics and support the project financing process. The new funding, EIT RawMaterials’ third investment round in the project, follows substantial conditional grant support from Finnish authorities and comes alongside a proposed no-cost option for EIT RawMaterials to increase its stake in Recycling Industries Scandinavia AB, underscoring growing EU-backed confidence in VRP1 as a prospective first domestic source of high-purity vanadium for Europe and signalling potential dilution of Neometals’ indirect interest as external equity and debt are raised.