OD6 Metals Ltd. (AU:OD6)
ASX:OD6
Top Page
OD6 Metals Ltd.
(Sydney:OD6)
Select Model
Select Model
Rating:57Neutral
Price Target:
AU$0.12
▲(55.00% Upside)
Action:ReiteratedDate:04/03/26
The score is held back primarily by weak fundamentals—no revenue, widening losses, and persistently negative free cash flow—despite a debt-free balance sheet. Strong technical momentum (price above major moving averages with positive MACD) provides the main support. Valuation is constrained by negative earnings and no stated dividend yield.
Positive Factors
Debt-free balance sheet
A zero-debt, positive-equity balance sheet materially lowers refinancing and solvency risk for an exploration company. This structural strength preserves management flexibility to fund drilling or pursue farm-outs via equity or partnerships, supporting multi-year project development optionality.
Negative Factors
Pre-revenue operations
The company remains pre-revenue and reported a materially wider net loss in FY2025. Persistent unprofitability erodes equity buffers and limits the firm's ability to self-fund exploration, making sustained project advancement contingent on continued external financing and increasing dilution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt, positive-equity balance sheet materially lowers refinancing and solvency risk for an exploration company. This structural strength preserves management flexibility to fund drilling or pursue farm-outs via equity or partnerships, supporting multi-year project development optionality.
Read all positive factors
OD6 Metals Ltd. (OD6) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$26.06M
Dividend YieldN/A
Average Volume (3M)1.61M
Price to Earnings (P/E)―
Beta (1Y)0.95
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding260,592,200
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 Ltd does not have publicly available information indicating recurring operating revenue from product sales or services; therefore, its revenue model cannot be confirmed from available data. null...
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
Positive
0.08
Price Trends
0.08
Positive
0.08
Positive
0.06
Positive
Market Momentum
<0.01
Positive
53.84
Neutral
75.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OD6, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.08, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.84 is Neutral, neither overbought nor oversold. The STOCH value of 75.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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% | |
57 Neutral | AU$26.06M | -1.34 | -34.59% | ― | ― | ― | |
47 Neutral | AU$14.79M | -6.99 | -23.12% | ― | ― | 83.93% | |
42 Neutral | AU$39.83M | -7.10 | -99.27% | ― | ― | -36.36% | |
42 Neutral | AU$5.99M | -5.50 | -166.86% | ― | ― | 47.88% | |
41 Neutral | AU$5.85M | -0.93 | -120.84% | ― | ― | -349.06% | |
| ― | AU$4.73M | -5.50 | -26.98% | ― | ― | 4.35% |
* Basic Materials Sector Average
AU:OD6
OD6 Metals Ltd.
0.10
0.08
300.00%
AU:MRD
Mount Ridley Mines Limited
0.03
0.02
150.00%
AU:RIE
Riedel Resources Limited
0.03
>-0.01
-6.67%
AU:SLZ
Sultan Resources Ltd.
0.01
0.00
0.00%
AU:FIN
Fin Resources Limited
0.01
<0.01
10.00%
AU:PRL
Province Resources Ltd
0.01
0.00
0.00%
OD6 Metals Ltd. Corporate Events
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...
OD6 Metals Positions Quinn Fluorspar Acquisition as Strategic but Highly Speculative
Mar 4, 2026
OD6 Metals has outlined details of its Quinn Fluorspar Project acquisition in the U.S., framing it as a strategic opportunity within the critical minerals sector. The company highlights that all exploration results for the project are historic, wi...
OD6 Metals Plans Issue of 9.5 Million Options to Bolster Capital Flexibility
Mar 3, 2026
OD6 Metals Ltd., an ASX-listed minerals explorer, has moved to strengthen its capital structure by proposing the issue of up to 9.5 million options. The options, carrying an exercise price of A$0.10 and expiring on 30 April 2028, are to be listed ...
OD6 Metals Plans Major Share Placement to Raise New Capital
Mar 3, 2026
OD6 Metals has lodged an Appendix 3B with the ASX outlining a proposed placement of up to 49,500,000 new ordinary fully paid shares. The new securities are scheduled for issue on 6 March 2026, indicating a significant capital raising that will exp...
OD6 Metals Plans New Share and Option Issue to Expand Capital Base
Mar 3, 2026
OD6 Metals has lodged an Appendix 3B with the ASX detailing a proposed capital raising via a placement or similar issue structure. The company plans to issue up to 27,550,000 new fully paid ordinary shares and 10,000,000 options exercisable at A$0...
OD6 Metals Moves to Acquire High-Grade Nevada Fluorspar Project Amid Critical Mineral Push
Mar 3, 2026
OD6 Metals has secured an exclusive option to acquire the Quinn Fluorspar Project in Nevada, a district-scale cluster of historic, ultra high‑grade fluorspar deposits across 48 state mining claims about 220 kilometres north of Las Vegas. His...
OD6 Metals Halts Trading Ahead of U.S. Critical Minerals Deal and Capital Raising
Mar 1, 2026
OD6 Metals has requested and been granted a trading halt on its ordinary shares by the ASX, effective 2 March 2026, while it prepares a market announcement. The halt is expected to remain in place until no later than the start of trading on Wednes...
OD6 Metals Secures A$216,400 R&D Tax Offset for Splinter Rock Rare Earths Work
Feb 3, 2026
OD6 Metals has received A$216,400 under Australia’s RD Tax Incentive scheme for eligible research and development work undertaken in the 2024/25 financial year at its Splinter Rock clay-hosted rare earths project near Esperance in Western Au...
OD6 Metals Advances High-Grade Rare Earth Flowsheet and Copper Exploration While Maintaining Solid Cash Position
Jan 29, 2026
OD6 Metals has reported strong quarterly progress across its rare earth and copper portfolios, highlighted by the selection of an innovative, multi-stage processing flowsheet at its Splinter Rock project that delivers about 75% overall recovery of...
OD6 Metals Flags Strong New Conductor at Gulf Creek Copper Project
Jan 22, 2026
OD6 Metals has completed processing and interpretation of a downhole electromagnetic (DHEM) survey at its Gulf Creek Copper Project in northern New South Wales, identifying a strong off-hole conductor about 75 metres beyond the end of drill hole G...
OD6 Metals Advances ANSTO Testwork to De-Risk Splinter Rock Rare Earth Project
Jan 19, 2026
OD6 Metals has commenced advanced metallurgical testwork at the Australian Nuclear Science and Technology Organisation to optimise and scale up the processing flowsheet for its 682Mt Splinter Rock Rare Earth Project in Western Australia. Backed by...
OD6 Metals Issues New Shares on Option Conversion, Confirms Regulatory Compliance
Jan 14, 2026
OD6 Metals Ltd has issued 300,000 fully paid ordinary shares following the conversion of unlisted options, and has confirmed that these shares were issued without a prospectus under applicable Corporations Act provisions. The company states it rem...
OD6 Metals Seeks ASX Quotation for 300,000 New Ordinary Shares
Jan 14, 2026
OD6 Metals Ltd has applied to the ASX for quotation of 300,000 new ordinary fully paid shares, to be issued on 14 January 2026. The additional securities, arising from the exercise or conversion of existing instruments, will modestly increase the ...
OD6 Metals Backs Industry Framework for Australia’s $1.2bn Critical Minerals Reserve
Jan 13, 2026
OD6 Metals has joined a consortium of rare earth and critical minerals developers led by the Association of Mining and Exploration Companies to help shape an industry-driven framework for Australia’s new $1.2 billion Critical Minerals Strate...
OD6 Metals Issues 1 Million New Shares on Option Conversion
Jan 6, 2026
OD6 Metals Ltd has issued 1,000,000 fully paid ordinary shares following the conversion of unlisted options and has notified the ASX that these new shares were issued without a prospectus under the relevant sections of the Corporations Act. The co...
OD6 Metals Seeks ASX Quotation for 1 Million New Ordinary Shares
Jan 6, 2026
OD6 Metals Limited has applied to the ASX for quotation of 1,000,000 new ordinary fully paid shares, to be issued on 6 January 2026 following the exercise or conversion of existing options or other convertible securities. The additional share quot...
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.