OD6 Metals Ltd. (AU:OD6)
ASX:OD6
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OD6 Metals Ltd.
(Sydney:OD6)
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Rating:44Neutral
Price Target:
AU$0.12
▲(45.00% Upside)
Action:Reiterated
Date:06/05/26
The score is primarily held down by weak financial performance (no revenue, widening losses, and negative free cash flow) indicating ongoing funding reliance. Technical indicators also skew bearish in the near term (below key short-term moving averages, negative MACD, low RSI). The debt-free balance sheet is a key stabilizer, but valuation remains unattractive/unclear given losses and no dividend support.
Positive Factors
Debt-free Balance Sheet
Zero reported debt across FY2022–FY2025 materially lowers refinancing and interest-rate risk for an exploration company. This durable structural strength preserves strategic optionality to pursue joint ventures or farm-outs without immediate debt servicing pressure, supporting runway for project advancement.
Negative Factors
No Revenue & Widening Losses
Persistent zero revenue and a materially wider net loss in FY2025 degrade enterprise value and erode shareholder equity over time. Without commercial production or partner-funded activity, sustained losses limit ability to self-fund exploration and increase dependence on external financing or value-destroying asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free Balance Sheet
Zero reported debt across FY2022–FY2025 materially lowers refinancing and interest-rate risk for an exploration company. This durable structural strength preserves strategic optionality to pursue joint ventures or farm-outs without immediate debt servicing pressure, supporting runway for project advancement.
Read all positive factors
OD6 Metals Ltd. (OD6) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$34.92M
Dividend YieldN/A
Average Volume (3M)1.61M
Price to Earnings (P/E)―
Beta (1Y)2.17
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding290,987,030
10 Day Avg. Volume1,315,249
30 Day Avg. Volume1,610,191
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.44
Price to Sales (P/S)0.00
P/FCF Ratio-1.58
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
OD6 Metals Ltd. Business Overview & Revenue Model
Company Description
OD6 Metals Limited, a mineral exploration company, focuses on the discovery and development of rare earth element deposits. It holds 100% interests in the Splinter Rock project comprising 6 granted exploration licenses that covers an area of 2,579...
How the Company Makes Money
OD6 Metals does not appear to generate stable operating revenue from selling products or services; instead, as an exploration-stage company, it typically funds operations through capital raises (e.g., issuing equity to investors) and may create va...
OD6 Metals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
63
Positive
Cash Flow
18
Very Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | ― | 0.00 |
| EBITDA | -1.25M | -1.57M | -1.42M | -1.24M | 0.00 |
| Net Income | -2.62M | -440.85K | -1.36M | -1.34M | -117.10K |
Balance Sheet | |||||
| Total Assets | 8.32M | 9.70M | 8.61M | 9.39M | 144.90K |
| Cash, Cash Equivalents and Short-Term Investments | 1.09M | 2.33M | 3.52M | 8.36M | 0.00 |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 143.34K |
| Total Liabilities | 297.10K | 472.19K | 945.59K | 670.20K | 174.17K |
| Stockholders Equity | 8.02M | 9.23M | 7.67M | 8.72M | -29.27K |
Cash Flow | |||||
| Free Cash Flow | -2.23M | -2.81M | -3.52M | -659.40K | 0.00 |
| Operating Cash Flow | -603.36K | 23.87K | -972.00 | -490.00 | 0.00 |
| Investing Cash Flow | -1.62M | -2.84M | -3.52M | -658.91K | 0.00 |
| Financing Cash Flow | 989.41K | 1.62M | -347.00K | 9.51M | 0.00 |
OD6 Metals Ltd. Technical Analysis
Negative
0.08
Price Trends
0.15
Negative
0.11
Positive
0.09
Positive
Market Momentum
>-0.01
Positive
36.64
Neutral
-9.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OD6, the sentiment is Negative. The current price of 0.08 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.15, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.64 is Neutral, neither overbought nor oversold. The STOCH value of -9.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:OD6.
OD6 Metals Ltd. 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% | |
54 Neutral | AU$77.29M | -39.14 | -4.91% | ― | ― | 25.21% | |
50 Neutral | AU$45.23M | -3.95 | -25.04% | ― | ― | 80.64% | |
45 Neutral | AU$32.35M | -0.31 | -92.53% | ― | ― | -1417.65% | |
44 Neutral | AU$34.92M | -6.71 | -34.59% | ― | ― | ― | |
42 Neutral | AU$54.06M | -1.69 | 432.54% | ― | ― | 64.76% |
* Basic Materials Sector Average
AU:OD6
OD6 Metals Ltd.
0.13
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331.03%
AU:COB
Cobalt Blue Holdings
0.07
0.01
21.31%
AU:AW1
American West Metals Ltd.
0.04
<0.01
2.50%
AU:ADN
Andromeda Metals Limited
0.01
0.00
0.00%
AU:G11
Odin Metals Ltd
0.27
0.12
81.21%
AU:NNL
Nordic Nickel Limited
0.21
0.10
105.00%
OD6 Metals Ltd. Corporate Events
OD6 Hires WestLand to Fast-Track Permitting at Nevada Fluorspar Project
Jun 1, 2026
OD6 Metals has appointed WestLand Engineering Environmental Services as permitting consultant for its Quinns Fluorspar Project in Nevada, engaging a Tier-1 U.S. specialist with extensive experience in U.S. Forest Service, NEPA and FAST-41 process...
OD6 Metals Issues New Shares on Option Conversion and Confirms Compliance
May 29, 2026
OD6 Metals has issued 134,423 fully paid ordinary shares following the conversion of options, modestly increasing its share capital without undertaking a separate disclosure document to investors. The company has confirmed to the market that it re...
OD6 Metals Seeks ASX Quotation for Additional Ordinary Shares
May 29, 2026
OD6 Metals has applied to the ASX for quotation of 134,423 new ordinary fully paid shares, to be issued on May 29, 2026. The additional securities, arising from exercised options or converted instruments, modestly expand the company’s listed...
OD6 Metals Issues Shares on Option Conversion and Confirms Regulatory Compliance
May 26, 2026
OD6 Metals has issued 5,769 fully paid ordinary shares following the conversion of options and confirmed that these securities were issued without a prospectus under relevant Corporations Act provisions. The company advised that it remains complia...
OD6 Metals Seeks ASX Quotation for Small Batch of New Shares
May 26, 2026
OD6 Metals has applied to the ASX for quotation of 5,769 new ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The relatively small issuance reflects a routine capital structure a...
OD6 Metals Halts Trading Ahead of Material Exploration Update
May 12, 2026
OD6 Metals has requested and been granted a trading halt on its securities by the ASX, effective 13 May 2026, as it prepares to release material exploration results to the market. The halt will remain in place until the earlier of the announcement...
OD6 Metals Uncovers Highest-Grade Big Jim Fluorspar Lode at Quinn Project
May 11, 2026
OD6 Metals has rediscovered the historically documented Big Jim Fluorspar Lode at its Quinn Fluorspar Project in Nevada, identifying what it describes as its highest-grade fluorspar occurrence to date and a major new drill target within a growing ...
OD6 Metals Issues New Shares on Option Conversion, Confirms Compliance Status
May 7, 2026
OD6 Metals has issued 1,222,222 fully paid ordinary shares following the conversion of unlisted options and has confirmed that these securities were issued without a prospectus under applicable Corporations Act provisions. The company stated it is...
OD6 Metals Seeks ASX Quotation for 1.22 Million New Shares
May 7, 2026
OD6 Metals Ltd has applied for quotation on the ASX of 1,222,222 new ordinary fully paid shares, effective 7 May 2026. The issuance of these securities, arising from exercised options or converted securities, modestly increases the company’s...
OD6 Metals Advances Quinn Fluorspar Exploration as Phase 1 Concludes and Phase 2 Accelerates
May 3, 2026
OD6 Metals has completed the first phase of exploration at its Quinn Fluorspar Project in Nevada, collecting about 320 soil and 40 stream sediment samples to map anomalism around known deposits and along key alteration corridors. The company has p...
OD6 Metals to List 34 Million Options on ASX, Detailing Holder Distribution
Apr 30, 2026
OD6 Metals has confirmed that 34,048,146 options exercisable at $0.10 and expiring on 30 April 2028 are expected to begin trading on the ASX on 1 May 2026. These options were originally issued as part of an August 2025 placement and for facilitati...
OD6 Metals Seeks ASX Quotation for 34 Million New Listed Options
Apr 30, 2026
OD6 Metals has applied to the ASX for quotation of a new class of listed options, each exercisable at $0.10 and expiring on April 30, 2028. The application covers 34,048,146 options to be quoted from April 30, 2026, signalling an expansion of the ...
OD6 Metals Defines Target Investor for New Speculative Options Offer
Apr 24, 2026
OD6 Metals has issued a Target Market Determination for a tightly targeted offer of 1,000 new options, each with an exercise price of $0.10 and expiring in April 2028, to investors personally invited by the company under a prospectus dated 24 Apri...
OD6 Metals Plans Issue of New Options to Bolster Capital Flexibility
Apr 24, 2026
OD6 Metals Limited has lodged a notice with the ASX outlining a proposed issue of new securities as part of a placement or similar capital-raising initiative. The company plans to issue up to 1,000 options in a new class, exercisable at $0.10 and ...
OD6 Metals files prospectus to lift trading restrictions on options
Apr 24, 2026
OD6 Metals has released a transaction-specific options prospectus offering 1,000 new options priced at $0.10 each. The document is structured under section 713 of the Corporations Act and is intended for investors familiar with securities offering...
OD6 Metals Director Brett Hazelden Boosts Indirect Equity and Option Holdings
Apr 24, 2026
OD6 Metals has disclosed changes in the indirect interests of director Brett Hazelden, whose holdings are structured through Hazelden Corporate Pty Ltd and a superannuation fund jointly held with Tanya Hazelden. The filing outlines that these enti...
OD6 Metals Issues 9.5 Million Unlisted Options in Capital Management Move
Apr 24, 2026
OD6 Metals Ltd has notified the market of the issue of 9,500,000 unlisted options with an exercise price of $0.10 and an expiry date of 30 April 2028. These options form part of previously announced transactions and will not be quoted on the ASX, ...
OD6 Metals Issues 10 Million Unquoted Options Under Existing Equity Arrangements
Apr 24, 2026
OD6 Metals has issued 10 million unquoted options exercisable at A$0.10 and expiring on 30 April 2028, as notified to the ASX in its latest Appendix 3G filing. The options, which are not intended to be quoted on the exchange, form part of previous...
OD6 Metals Issues New Shares and Confirms Regulatory Compliance
Apr 24, 2026
OD6 Metals has issued 17,800,000 fully paid ordinary shares via a placement and 8,250,000 shares to S3 Consortium Pty Ltd as contractor consideration, following shareholder approval at a general meeting on 22 April 2026. The company confirmed the ...
OD6 Metals Seeks ASX Quotation for 26 Million New Shares
Apr 24, 2026
OD6 Metals Limited, an Australian-listed metals exploration company, has moved to increase its quoted share capital on the ASX. The company continues to position itself within the resources sector by expanding the pool of ordinary fully paid share...
OD6 Metals Expands Share Capital Through Option Conversions
Apr 22, 2026
OD6 Metals has issued 2,727,623 fully paid ordinary shares following the conversion of unlisted options, modestly increasing its share capital base. The company stated that these shares were issued without a prospectus under relevant Corporations ...
OD6 Metals Seeks ASX Quotation for 2.7 Million New Shares
Apr 22, 2026
OD6 Metals Ltd. has applied to the Australian Securities Exchange for quotation of 2,727,623 ordinary fully paid shares, with an issue date of 22 April 2026. The new quotation application reflects a modest expansion of the company’s listed e...
OD6 Metals Wins Shareholder Backing for Capital Raising Resolutions
Apr 22, 2026
OD6 Metals Limited reported that shareholders approved all resolutions put forward at its 22 April 2026 general meeting, with each motion comfortably passing by poll. The voting outcomes ratify previous share issues, endorse the second tranche of ...
OD6 Metals Reaffirms Resource Data and Updates Critical Minerals Projects
Apr 19, 2026
OD6 Metals has released an extraordinary general meeting and company update presentation outlining its ongoing work on critical mineral projects across the U.S. and Australia. The materials reaffirm previously disclosed mineral resource informatio...
OD6 Assays Confirm High-Grade, Expansion-Ready Fluorspar System at Nevada’s Mammoth Prospect
Apr 6, 2026
OD6 Metals has reported exceptional first assay results from preliminary due diligence sampling at the Mammoth prospect within its Quinn Fluorspar Project in Nevada, confirming a high-grade fluorspar system with rock chip grades up to 53.2% CaF...
OD6 Metals Updates Market on Director’s Disposal of Incentive Options
Apr 1, 2026
OD6 Metals has reported a change in the indirect interests of director Brett Hazelden, primarily held via Hazelden Corporate Pty Ltd and a superannuation fund structure. The disclosure details his existing fully paid ordinary shares, various class...
OD6 Metals Options Lapse, Trimming Potential Share Dilution
Apr 1, 2026
OD6 Metals has announced the expiry of 3,850,000 listed options with an exercise price of $0.30 that ceased on March 31, 2026, without being exercised or converted. The lapse of these options slightly simplifies the company’s capital structu...
OD6 Metals Options Lapse Following Scheduled Expiry
Apr 1, 2026
OD6 Metals Ltd. has notified the market that 1,500,000 OD6AF options, exercisable at $0.50 and expiring on 31 March 2026, have lapsed unexercised. The cessation of these options slightly reduces the company’s potential future diluted share c...
OD6 Metals launches first modern exploration at high-grade Quinn fluorspar project in Nevada
Apr 1, 2026
OD6 Metals has begun the first systematic exploration campaign in roughly six decades at its Quinn Fluorspar Project in Nevada, USA, aiming to build a detailed geochemical and geological framework over known high-grade deposits and large, previous...
OD6 Maps 8km Epithermal Corridor at Quinn Fluorspar Project in Nevada
Mar 24, 2026
OD6 Metals has reported advanced satellite and airborne hyperspectral analysis results that outline an 8km-long epithermal alteration corridor at its Quinn Fluorspar Project in Nevada. The work reveals extensive alteration zones linking historic p...
OD6 Metals bolsters funding base and accelerates critical minerals projects
Mar 22, 2026
OD6 Metals has materially strengthened its balance sheet, reporting cash of $3.47 million after Tranche 1 of a recent capital raising, with a further $870,000 expected subject to shareholder approval, which would lift cash to $4.34 million and all...
OD6 Metals Issues New Shares on Option Conversion, Affirms Compliance as Critical Minerals Portfolio Advances
Mar 20, 2026
OD6 Metals has issued 6,834,932 fully paid ordinary shares following the conversion of unlisted options and has confirmed that this equity issuance was conducted without a prospectus under the Corporations Act disclosure exemptions. The company st...
OD6 Metals Seeks ASX Quotation for 6.8 Million New Shares
Mar 20, 2026
OD6 Metals Ltd. has applied to the Australian Securities Exchange for quotation of 6,834,932 ordinary fully paid shares, with an issue date of March 20, 2026. The new securities arise from the exercise or conversion of existing options or other co...
OD6 Metals Sets April 2026 General Meeting, Pushes Digital Access and Proxy Voting
Mar 19, 2026
OD6 Metals has called a general meeting of shareholders for 10:00 a.m. AWST on 22 April 2026 at its Subiaco, Western Australia office, with the notice of meeting available online via the company’s website, ASX platform, or emailed links for ...
OD6 Metals Taps Julie Bishop as Strategic Advisor for Key Critical Minerals Projects
Mar 17, 2026
OD6 Metals has appointed former Australian foreign minister Julie Bishop and her advisory firm, Julie Bishop Partners, as strategic advisor to support advancement of its Splinter Rock rare earth and Quinn Fluorspar projects across Australia and t...
OD6 Metals expands capital base with placement and option conversion
Mar 8, 2026
OD6 Metals has issued 49.5 million new fully paid ordinary shares under the first tranche of a placement and a further 1.85 million shares from the conversion of unlisted options, expanding its share capital base. The company confirmed the securit...
OD6 Metals Seeks ASX Quotation for 49.5 Million New Shares
Mar 8, 2026
OD6 Metals Ltd. has applied for quotation on the ASX of 49,500,000 new ordinary fully paid shares, following the issue of these securities as part of previously announced transactions. The application, lodged via an Appendix 2A on 9 March 2026, wi...
OD6 Metals Seeks ASX Quotation for 1.85 Million New Shares
Mar 8, 2026
OD6 Metals has applied for quotation of 1,850,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of March 9, 2026. The new securities arise from the exercise or conversion of options or other convertible i...
OD6 Metals details leadership changes in interim 2025 report
Mar 6, 2026
OD6 Metals Ltd has released its interim financial report for the six months ended 31 December 2025, outlining the company’s governance and corporate structure during the period. The report notes board changes, including the resignation of fo...
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.