OD6 Metals Ltd. (OD6) AI Stock Analysis

• Market Cap: AU$15.79M
• Dividend Yield: N/A
• Average Volume (3M): 1.61M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.13
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 202,407,270
• 10 Day Avg. Volume: 1,315,249
• 30 Day Avg. Volume: 1,610,191
• 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 Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: AU$0.06 ▼(-20.00% Downside)

The score is held back primarily by weak financial performance (no revenue, widening losses, and persistently negative free cash flow), despite the benefit of zero debt and positive equity. Technicals provide a modest offset with the price holding above key longer-term moving averages, while valuation is neutral due to missing P/E and dividend yield data.

Positive Factors

Low leverage / zero debt

Zero reported debt materially reduces refinancing and interest-rate risk for an early-stage explorer. Over a multi-month horizon this enhances financial flexibility to pursue drilling, joint ventures or staged development without immediate fixed-charge pressure, supporting project optionality.

Strategic focus on critical minerals

Concentration on REEs and specialty minerals aligns with durable structural demand from electrification, renewables and defense supply-chain reshoring. This sector alignment increases long-term project relevance and access to partner or government support for development funding.

Positive equity buffer

A positive equity base provides a capital cushion against ongoing losses common in exploration stages. Over the medium term this reduces immediate insolvency risk and gives management time to advance prospects or structure financing while preserving company continuity.

Negative Factors

Pre-revenue and persistent operating losses

Being pre-revenue with recurring operating losses means the business currently cannot self-fund exploration or development. Over months this creates continual dependence on external capital, increasing dilution risk and constraining the pace of resource definition and project advancement.

Consistently negative free cash flow

Material negative FCF indicates the company consumes cash to operate and explore rather than generate it. Persisting negative FCF raises likelihood of repeated capital raises that dilute shareholders and may interrupt long-term exploration programs if market access tightens.

Widening net loss and weakening profitability

A sharp increase in net loss signals rising cash burn and deteriorating operating efficiency. Over a medium-term horizon this exacerbates funding needs, reduces equity headroom and can delay or downscale project work, weakening the company's ability to realize exploration value.

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 square kilometers tenement package located to the northeast of Esperance, Western Australia; and Grass Patch project comprising 4 granted exploration licenses that covers an area of 2,248 square kilometers situated to the north of Esperance, Western Australia. The company was incorporated in 2021 and is headquartered in West Perth, Australia. OD6 Metals Limited is a subsidiary of Odette Six Metals.

How the Company Makes Money

OD6 Metals Ltd. generates revenue primarily through the exploration and extraction of rare earth elements, which are then sold to manufacturers and industries that require these materials for their products. The company may also engage in partnerships or joint ventures with other mining entities to optimize resource extraction and reduce operational costs. Revenue is further influenced by market demand for rare earth elements, global commodity prices, and the company's ability to efficiently manage production costs and logistics. Additionally, any government grants or subsidies for critical mineral projects could contribute to their earnings.

OD6 Metals Ltd. Financial Statement Overview

Summary

Financials are dominated by a pre-revenue profile with persistent operating losses and negative free cash flow (FY2025 FCF -2.23M). The main offset is a low-risk capital structure with zero reported debt and positive equity (~8.0M in FY2025), but ongoing losses imply continued funding dependence.

Income Statement

Across the annual periods provided, the company reports no revenue, while operating losses remain persistent (EBIT negative each year). Net loss widened materially in FY2025 versus FY2024 (from -440,848 to -2,615,660), indicating weaker profitability trajectory and limited operating leverage at this stage. While losses have fluctuated year-to-year, the overall pattern is consistent cash-burning, pre-revenue performance typical of early-stage resource companies, but still a clear earnings weakness.

Balance Sheet

The balance sheet is a relative strength: total debt is reported as zero from FY2022–FY2025, which lowers financial risk and reduces refinancing pressure. Equity remains positive and sizable in recent years (FY2025 stockholders’ equity ~8.0M), although it declined from FY2024 (~9.2M), consistent with ongoing losses. Return on equity is negative in FY2022–FY2025, reflecting value dilution from losses despite a low-leverage capital structure.

Cash Flow

Cash generation is weak and volatile. Operating cash flow is negative in FY2025 (-603,360) after being slightly positive in FY2024 (23,867), and free cash flow is consistently negative, with a larger outflow again in FY2025 (-2,226,124). The company’s free cash flow outflow is substantial relative to net income in multiple years, implying ongoing funding needs until revenue generation or spending is reduced.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	―	0.00
EBITDA	-832.00	-1.25M	-1.57M	-1.42M	-1.24M	0.00
Net Income	-2.62M	-2.62M	-440.85K	-1.36M	-1.34M	-117.10K
Balance Sheet
Total Assets	8.32M	8.32M	9.70M	8.61M	9.39M	144.90K
Cash, Cash Equivalents and Short-Term Investments	1.09M	1.09M	2.33M	3.52M	8.36M	0.00
Total Debt	0.00	0.00	0.00	0.00	0.00	143.34K
Total Liabilities	297.10K	297.10K	472.19K	945.59K	670.20K	174.17K
Stockholders Equity	8.02M	8.02M	9.23M	7.67M	8.72M	-29.27K
Cash Flow
Free Cash Flow	-2.23M	-2.23M	-2.81M	-3.52M	-659.40K	0.00
Operating Cash Flow	-603.36K	-603.36K	23.87K	-972.00	-490.00	0.00
Investing Cash Flow	-1.62M	-1.62M	-2.84M	-3.52M	-658.91K	0.00
Financing Cash Flow	989.41K	989.41K	1.62M	-347.00K	9.51M	0.00

OD6 Metals Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 above the 20-day moving average (MA) of 0.08, above the 50-day MA of 0.08, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.40 is Neutral, neither overbought nor oversold. The STOCH value of 23.29 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
OD6	52 Neutral	AU$15.79M	―	―	―	―	―
MRD	49 Neutral	AU$52.80M	-11.33	-106.64%	―	―	-36.36%
RIE	48 Neutral	AU$9.84M	-0.69	-190.23%	―	―	47.88%
SLZ	43 Neutral	AU$11.12M	-0.71	-78.12%	―	―	-349.06%
FIN	42 Neutral	AU$14.79M	-14.44	-24.22%	―	―	83.93%
PRL	38 Underperform	AU$13.00M	-5.00	-26.98%	―	―	4.35%

OD6 Metals Ltd. Corporate Events

OD6 Metals Advances High-Grade Rare Earth Flowsheet and Copper Exploration While Maintaining Solid Cash Position

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 neodymium and praseodymium and produces high-grade mixed rare earth carbonate and hydroxide products with low impurities and extremely low uranium and thorium content. The company has completed a metallurgical diamond core drilling program at Splinter Rock, advanced ANSTO-led testwork to optimise heap leach and impurity removal, begun preparing product samples for offtake discussions, contributed to an industry-led Critical Minerals Strategic Reserve framework, and advanced exploration at the Gulf Creek Copper Project with downhole geophysics, geological reinterpretation and pending assays, all while maintaining a solid cash position of A$2.045 million to support its development trajectory.

The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.

OD6 Metals Flags Strong New Conductor at Gulf Creek Copper Project

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 GDD010 near historic high-grade copper workings. The company says this newly modelled conductor, combined with geological reinterpretation suggesting a fault-offset of historic lodes and confirmation of conductors associated with known mineralisation, provides a compelling high-priority drill target and reinforces the project’s prospectivity, with assay results from recent diamond drilling pending and approvals already in place for up to 25 follow-up holes.

The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.

OD6 Metals Advances ANSTO Testwork to De-Risk Splinter Rock Rare Earth Project

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 a commitment of more than A$1 million, the program focuses on heap leach optimisation, impurity removal, and bulk production of mixed rare earth carbonate and hydroxide product samples to support offtake, financing, and future development studies, while also assessing recovery of other elements of interest and leveraging research and development tax incentives to further de-risk the project and strengthen its role in Australia’s emerging critical minerals strategy.

The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.

OD6 Metals Issues New Shares on Option Conversion, Confirms Regulatory Compliance

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 remains compliant with its continuous disclosure and financial reporting obligations and that there is no undisclosed price-sensitive information, signalling to investors that the capital structure adjustment is routine and does not reflect any hidden changes in its operational or strategic outlook.

The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.

OD6 Metals Seeks ASX Quotation for 300,000 New Ordinary Shares

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 company’s quoted capital base, potentially enhancing liquidity for shareholders without materially altering its overall capital structure.

The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.

OD6 Metals Backs Industry Framework for Australia’s $1.2bn Critical Minerals Reserve

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 Strategic Reserve, which is designed to support long-term offtake pathways, supply chain resilience and market certainty for producers such as its Splinter Rock Rare Earth Project. By actively participating in the CMSR policy development and welcoming enabling legislation and expanded financing powers for Export Finance Australia, OD6 is seeking to embed its Western Australian projects within the nation’s emerging critical minerals strategy and strengthen its positioning as a reliable supplier to international partners amid growing global competition for rare earths and other critical commodities.

The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.

OD6 Metals Issues 1 Million New Shares on Option Conversion

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 company advised that it remains compliant with its financial reporting and continuous disclosure obligations and that there is no undisclosed price-sensitive information, signalling that the capital structure change is routine in nature while supporting ongoing work on its rare earths and copper portfolio.

The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.

OD6 Metals Seeks ASX Quotation for 1 Million New Ordinary Shares

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 quotation modestly expands the company’s listed capital base, reflecting the utilisation of previously issued convertible instruments and potentially improving liquidity for shareholders without altering the company’s core operations.

The most recent analyst rating on (AU:OD6) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on OD6 Metals Ltd. stock, see the AU:OD6 Stock Forecast page.

OD6 Metals Expands Share Base to Support Critical Minerals Exploration

OD6 Metals Ltd has issued 2,177,777 fully paid ordinary shares following the conversion of unlisted options, as per the requirements of the Corporations Act. This move is part of the company’s broader strategy to enhance its exploration and development initiatives in the critical minerals sector, particularly in rare earths and copper, potentially impacting its market positioning and offering new opportunities for stakeholders.

OD6 Metals Ltd. Issues New Securities to Bolster Capital

OD6 Metals Ltd. has announced the issuance of 2,177,777 ordinary fully paid securities, as part of its strategic financial maneuvers. This move is expected to strengthen the company’s capital structure, potentially enhancing its market position and providing additional resources for future growth initiatives.

OD6 Metals Ltd: Strategic Advancements in Rare Earth and Copper Exploration

OD6 Metals Ltd has provided an end-of-year investor update, highlighting its ongoing exploration and development activities. The company is leveraging its Splinter Rock Rare Earth Project to capitalize on the rising demand for rare earth elements, while also exploring high-grade copper opportunities at Gulf Creek. This strategic focus aims to enhance OD6’s positioning in the critical minerals market, potentially impacting stakeholders by increasing resource estimates and future production capabilities.

OD6 Metals to Host Investor Briefing on 2025 Achievements and 2026 Plans

OD6 Metals Ltd announced an upcoming investor briefing webinar to discuss its achievements in 2025 and plans for 2026. The company has made significant progress in its rare earths and copper projects, with the Splinter Rock Project hosting one of Australia’s largest clay-hosted rare earth deposits. The webinar aims to update stakeholders on these developments and future strategies, potentially impacting the company’s market positioning and stakeholder interests.

OD6 Metals Responds to ASX Price Query Amid Trading Surge

OD6 Metals Ltd, listed on the ASX, has responded to a price query from the ASX regarding a significant increase in its securities’ price and trading volume. The company clarified that it is not aware of any undisclosed information that could explain the trading activity and confirmed compliance with ASX Listing Rules. The increase in trading activity coincided with the publication of a report by East Coast Research, which was based entirely on publicly available information.

OD6 Metals Initiates DHEM Survey at Gulf Creek to Boost Copper Exploration

OD6 Metals Ltd. has commenced a Downhole Electromagnetic (DHEM) survey at its Gulf Creek Copper Project in New South Wales, utilizing recent and earlier drill holes to identify conductive anomalies indicative of high-grade copper mineralization. This strategic move aims to enhance the company’s exploration efforts by guiding future drilling activities, positioning OD6 to capitalize on high copper prices and strengthen its asset portfolio alongside its Splinter Rock Rare Earth Project.

OD6 Metals Publishes Key Research on Splinter Rock REE Project

OD6 Metals Limited announced the publication of a peer-reviewed scientific paper in Ore Geology Reviews, detailing research conducted at its Splinter Rock Rare Earth Project in Western Australia. The study, a collaboration with CSIRO and leading universities, provides insights into REE enrichment processes and identifies key mineral phases and regolith units. This research strengthens OD6’s scientific foundation for developing advanced REE discovery and extraction technologies, positioning the company as a leader in the field amid a geopolitically sensitive environment.

OD6 Metals Highlights Strategic Focus at International Rare Earths Conference

OD6 Metals Ltd has announced its participation in the 21st International Rare Earths Conference in Kuala Lumpur, highlighting its strategic focus on the Splinter Rock Rare Earth Project. This project is positioned to capitalize on the rising demand for rare earth elements, which are critical for various high-tech and green technologies. The announcement underscores the company’s commitment to advancing its exploration efforts and strengthening its position in the rare earths market.

OD6 Metals Announces Director’s Interest Change

OD6 Metals Limited has announced a change in the director’s interest, specifically involving Piers Lewis. The notice details the acquisition and disposal of various securities, including incentive and founder options, by entities associated with the director. This change reflects adjustments in the director’s indirect interests through entities such as Cranley Consulting Pty Ltd, Angora Blue Pty Ltd, and Odds On Pty Ltd.

OD6 Metals Ltd. Issues New Employee Incentive Options

OD6 Metals Ltd. announced the issuance of 11,500,000 new options exercisable at $0.10, expiring on October 31, 2028, as part of an employee incentive scheme. This move is aimed at enhancing employee engagement and retention, potentially strengthening the company’s operational capabilities and market position.

OD6 Metals Issues Unquoted Options to Enhance Capital Structure

OD6 Metals Ltd. has announced the issuance of 24,230,769 unquoted options, exercisable at $0.10 and expiring on April 30, 2028. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and providing strategic flexibility.