PVW Resources Limited (PVW) AI Stock Analysis

• Market Cap: AU$8.41M
• Dividend Yield: N/A
• Average Volume (3M): 1.11M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.59
• Revenue Growth: N/A
• EPS Growth: -34.64%
• Country: AU
• Employees: 3,548,853
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 350,419,920
• 10 Day Avg. Volume: 428,612
• 30 Day Avg. Volume: 1,113,253
• PEG Ratio: -0.02
• Price to Book (P/B): -3.46
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.65
• 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: 44 Neutral
• Price Target: AU$0.02 ▲(5.00% Upside)

The score is primarily constrained by weak financial performance (pre-revenue results, sizable losses, persistent cash burn, and negative equity indicating funding risk). Technicals are mixed but not strong overall (negative MACD and sub-50 RSI), and valuation provides limited support given the negative P/E and no dividend yield provided.

Positive Factors

Exploration Advancements

The advancements in Brazilian exploration projects enhance PVW's industry positioning and offer potential growth opportunities, indicating a strong focus on expanding resource base and long-term value creation.

Strategic Board Appointment

The appointment of a new director with significant personal investment suggests potential strategic shifts and increased confidence, which could positively influence the company's long-term strategic direction.

High-Value Rare Earth Potential

The confirmation of high-value rare earth potential at Capão Bonito supports strategic importance in the global energy transition, offering long-term growth prospects in a critical industry sector.

Negative Factors

Declining Revenues

Persistent revenue decline indicates challenges in sustaining growth and profitability, impacting the company's ability to fund exploration and development activities over the long term.

Negative Cash Flows

Negative cash flows highlight operational inefficiencies and financial strain, potentially limiting the company's capacity to invest in future projects and maintain financial health.

Operational Inefficiencies

Operational inefficiencies reflected in negative margins suggest high costs and low profitability, posing a risk to sustainable growth and long-term competitiveness in the mining sector.

PVW Resources Limited Business Overview & Revenue Model

Company Description

PVW Resources Limited engages in the mining and exploration activities in Western Australia. It primarily explores for gold, nickel, and base metals deposits. The company holds interests in the Leonora project that includes Jungle Well and Brilliant Well projects located to the northwest of Leonora town; the Kalgoorlie project comprises Black Flag, King of the West, and Gordon Sirdar projects covering an area of approximately 150 square kilometers situated to the north of Kalgoorlie; and the Tanami project, which explores for various commodities covering an area of approximately 900 square kilometer located in the Kimberley region. It also holds interest in the Ballinue project situated in the e West Yilgarn Ni-Cu-PGE Province. PVW Resources Limited is based in West Perth, Australia.

How the Company Makes Money

PVW Resources Limited makes money through the exploration and eventual development of mineral resources, which involves discovering economically viable mineral deposits and advancing these projects towards production. The company's revenue model includes raising capital through equity offerings and partnerships to fund its exploration activities. As projects advance, PVW aims to generate revenue from the sale of mined minerals such as gold and rare earth elements. Additionally, the company may enter into joint ventures or strategic partnerships with other mining firms to share the costs and benefits of developing its projects, further contributing to its revenue streams.

PVW Resources Limited Financial Statement Overview

Summary

Financials reflect an exploration-stage, pre-revenue profile: revenue fell to 0 in 2025 and losses remain large (net income about -4.0M). Cash burn is persistent (operating cash flow about -1.9M; free cash flow about -3.0M), and the balance sheet weakened with equity turning negative (about -563k), increasing funding risk despite low reported debt.

Income Statement

The business is effectively pre-revenue: annual revenue fell to 0 in 2025 (from 100,526 in 2024), and results remain deeply loss-making with 2025 net income of -4.0M and negative operating profit. Profitability has been consistently weak across the period, with large losses relative to a very small revenue base, indicating the company has not yet demonstrated a sustainable operating model. A positive is that revenue was present in prior years (2021–2024), but the trajectory is volatile and not yet reliable.

Balance Sheet

Reported debt levels are low in absolute terms (2025 total debt ~40k), which limits traditional leverage risk. However, the balance sheet weakened materially in 2025 with stockholders’ equity turning negative (-563k), signaling accumulated losses have eroded the capital base and increasing financial fragility. Total assets are modest (~219k in 2025) and have contracted sharply versus prior years, reducing balance-sheet flexibility despite low debt.

Cash Flow

Cash generation is consistently negative: 2025 operating cash flow was -1.9M and free cash flow was -3.0M, reflecting ongoing cash burn. Free cash flow deteriorated in 2025 versus 2024 (more negative), implying rising funding needs. While free cash flow is shown as higher than net loss in 2025 (i.e., less negative than earnings), cash flow remains firmly negative overall, which is a key constraint for an early-stage miner.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	26.80K	0.00	100.53K	123.01K	98.91K	65.84K
Gross Profit	-204.00	-33.14K	100.53K	-13.29K	-15.05K	47.95K
EBITDA	-4.01M	-4.00M	-1.88M	-5.95M	-6.40M	-5.36M
Net Income	-4.03M	-4.03M	-1.83M	-6.09M	-6.52M	-5.38M
Balance Sheet
Total Assets	219.29K	219.29K	2.13M	4.18M	9.85M	5.44M
Cash, Cash Equivalents and Short-Term Investments	110.00K	110.00K	1.90M	3.77M	9.36M	5.01M
Total Debt	40.23K	40.23K	59.42K	142.20K	136.61K	190.55K
Total Liabilities	782.58K	782.58K	672.69K	1.08M	870.26K	1.25M
Stockholders Equity	-563.28K	-563.28K	1.46M	3.10M	8.98M	4.18M
Cash Flow
Free Cash Flow	-3.02M	-3.02M	-1.91M	-5.52M	-4.49M	-1.28M
Operating Cash Flow	-1.90M	-1.90M	-1.91M	-5.49M	-4.34M	-1.21M
Investing Cash Flow	-935.45K	-935.45K	111.14K	-23.50K	-147.86K	1.74M
Financing Cash Flow	1.07M	1.07M	-65.71K	-71.09K	8.83M	4.20M

PVW Resources Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PVW, the sentiment is Negative. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.81 is Neutral, neither overbought nor oversold. The STOCH value of 57.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PVW.

PVW Resources Limited 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%
SFM	49 Neutral	AU$33.85M	-27.03	-51.49%	―	―	5.93%
DAF	48 Neutral	AU$4.68M	-15.38	-66.08%	―	―	80.88%
AAJ	45 Neutral	AU$7.84M	-2.09	-99.88%	―	―	-59.65%
GSM	45 Neutral	AU$10.37M	-5.12	-131.62%	―	―	65.32%
PVW	44 Neutral	AU$8.41M	-1.00	-898.12%	―	―	-34.64%
GNM	41 Neutral	AU$22.79M	-11.75	-32.31%	―	―	69.23%

PVW Resources Limited Corporate Events

PVW Resources Issues Shares and Explores New Opportunities

PVW Resources Limited announced the issuance of ordinary fully paid shares and unquoted options without a disclosure document, in compliance with the Corporations Act 2001. The company is conducting due diligence on potential acquisitions and disposals, though no binding agreements have been reached yet, and it will continue to update stakeholders as per its disclosure obligations.

PVW Resources Limited Announces Quotation of New Securities on ASX

PVW Resources Limited has announced the quotation of 101,588,959 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, indicating a strategic step in expanding the company’s market presence and potentially enhancing its liquidity and shareholder value.

PVW Resources Limited Announces Successful AGM Resolutions

PVW Resources Limited announced the successful passing of all resolutions at its Annual General Meeting held on 20 November 2025. The resolutions, which included the adoption of the remuneration report, election and re-election of directors, approval of a 7.1A mandate, renewal of proportional takeover provisions, change of company name, and ratification of tranche 1 placement shares, were decided by a poll and carried with significant support. This outcome reflects strong shareholder backing and positions the company for continued strategic initiatives and governance enhancements.

PVW Resources Unveils New Gold-Silver Targets at Cobb Creek

PVW Resources Limited has identified three significant gold-silver drill targets at its Cobb Creek Project in Nevada, following a detailed geochemical and structural review. The company plans to commence a gravity survey and a maiden drill program in early 2026, with permits already submitted. This strategic move is part of PVW’s broader efforts to expand its resource base, leveraging the project’s location at the intersection of major structural trends known for prolific deposit styles.

PVW Resources Expands into US Precious Metals Market and Advances Brazilian REE Projects

PVW Resources Ltd has made significant strides in its Brazilian REE portfolio during the September quarter, with advancements in drilling, sampling, and metallurgical programs across its Southeast Hub. The company has also expanded its operations into the United States by acquiring gold and silver projects in Nevada and Idaho, which complements its core focus on ionic-adsorption-clay (IAC) rare earth systems in Brazil. This strategic move positions PVW to capitalize on both the clean-energy transition and the precious metals market. The company has secured $2.5 million in funding to support its forward work programs and has completed major drilling programs, demonstrating favorable IAC characteristics and expanding its exploration footprint in Brazil.

PVW Resources Advances Rare Earth Exploration with Successful Drilling Program

PVW Resources Ltd has completed a hydraulic auger drilling program at its Southeast Hub in Brazil, marking a significant advancement in its rare earth exploration efforts. The program, which included 98 auger holes, has demonstrated increased drilling depth and confirmed high leach extraction rates, positioning PVW to further define resources and expand its exploration footprint. The use of hydraulic auger technology has enhanced efficiency and sample recovery, laying the groundwork for future resource-definition drilling.

PVW Resources Limited Proposes Name Change to Union Star Metals

PVW Resources Limited has announced a proposed name change to Union Star Metals Limited, reflecting its strategic shift towards gold projects in the USA and rare earth projects in Brazil. The name change, pending shareholder approval at the upcoming AGM, aligns with the company’s new direction and management, and the ASX ticker code ‘USM’ has been reserved for this transition.

PVW Resources Limited Announces 2025 AGM Details

PVW Resources Limited has announced its Annual General Meeting scheduled for November 20, 2025, in Perth. The company will not send physical copies of the meeting notice, opting instead for electronic distribution via its website and the ASX announcements page. Shareholders are encouraged to vote via proxy, and detailed instructions are provided in the Notice of Meeting.

PVW Resources Limited Announces Key Resolutions for Upcoming AGM

PVW Resources Limited has announced its upcoming Annual General Meeting, scheduled for November 20, 2025, in Perth, WA. Key agenda items include the adoption of the Remuneration Report, the election and re-election of directors, approval of a 7.1A mandate for issuing equity securities, renewal of proportional takeover provisions, and a proposed change of the company’s name to Union Star Metals Ltd. These resolutions, particularly the name change and equity issuance, could significantly impact the company’s strategic direction and market positioning.