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Stelar Metals Limited (AU:SLB)
ASX:SLB
Australian Market

Stelar Metals Limited (SLB) AI Stock Analysis

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AU:SLB

Stelar Metals Limited

(Sydney:SLB)

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Underperform 37 (OpenAI - 4o)
Rating:37Underperform
Price Target:
Stelar Metals Limited faces significant challenges, primarily due to its lack of revenue and consistent net losses. The company's strong equity position is overshadowed by its inability to generate positive cash flow. Technical indicators reflect weak market momentum, and the absence of valuation metrics adds to investor uncertainty. Strategic changes are necessary to improve financial health and investor confidence.
Positive Factors
Expansion in Tier 1 Jurisdictions
Expanding in Tier 1 jurisdictions like Western and South Australia enhances Stelar Metals' access to high-quality resources, potentially boosting long-term growth and market position in the mining sector.
Focus on Tin at Trident Project
Shifting focus to tin, a metal with rising demand and prices, could improve revenue prospects and diversify Stelar Metals' resource base, enhancing resilience against market fluctuations.
Debt-Free Balance Sheet
A debt-free balance sheet provides financial stability and flexibility, allowing Stelar Metals to invest in growth opportunities without the burden of interest obligations.
Negative Factors
Lack of Revenue Generation
The absence of revenue generation indicates challenges in monetizing assets, which undermines financial sustainability and limits the ability to fund operations and growth initiatives.
Negative Cash Flow
Consistent negative cash flow suggests operational inefficiencies and a reliance on external financing, which can constrain future investments and strategic initiatives.
Continuous Net Losses
Ongoing net losses reflect operational challenges and an inability to achieve profitability, which could deter investors and limit access to capital markets.

Stelar Metals Limited (SLB) vs. iShares MSCI Australia ETF (EWA)

Stelar Metals Limited Business Overview & Revenue Model

Company DescriptionStelar Metals Limited engages in the exploration and development of copper and zinc deposits in Australia. The company's project includes the Evelyn Dam project that covers an area of 134 square kilometers located in South Australia; the Linda Zinc project covering an area of 190 square kilometers located in Flinders Ranges; and the Torrens project that covers an area of 1200 square kilometers. Stelar Metals Limited was incorporated in 2021 and is based in Wayville, Australia.
How the Company Makes MoneyStelar Metals Limited generates revenue through the exploration, extraction, and sale of base metals such as copper, zinc, and nickel. The company earns money by selling these raw materials to various industries, including manufacturing, construction, and technology, which utilize metals for production and infrastructure development. Stelar Metals may also engage in strategic partnerships with other mining firms or technology companies to enhance its extraction processes and expand its market reach. Additionally, fluctuations in global metal prices and demand significantly impact the company's earnings, as higher market prices for metals can lead to increased revenue.

Stelar Metals Limited Financial Statement Overview

Summary
Stelar Metals Limited is experiencing significant financial challenges, evidenced by a lack of revenue generation and continuous net losses. Despite a strong equity position with no debt, the company's inability to generate positive cash flow and revenue poses risks to its financial sustainability.
Income Statement
10
Very Negative
Stelar Metals Limited's income statement reflects no revenue generation over the past periods, resulting in negative margins such as EBIT and net profit margins. The company is experiencing consistent net losses, indicating a lack of profitability and growth in its core operations.
Balance Sheet
60
Neutral
The balance sheet of Stelar Metals Limited shows a healthy equity position with no debt, resulting in a favorable debt-to-equity ratio. Despite this stability, the company has been unable to convert its asset base into revenue, which is a concerning aspect.
Cash Flow
35
Negative
The cash flow statement reveals negative free cash flow over recent periods, indicating cash outflows exceeding cash inflows. This trend raises concerns about the company's ability to generate sufficient cash to sustain its operations without external financing.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.00199.62K0.000.000.000.00
Gross Profit0.00-57.60K-47.57K-95.70K0.000.00
EBITDA-618.00-946.77K-1.51M-970.14K-758.48K0.00
Net Income-1.44K-1.86M-1.68M-949.87K-759.25K-569.42K
Balance Sheet
Total Assets7.66M7.66M9.51M7.28M8.20M493.56K
Cash, Cash Equivalents and Short-Term Investments2.53M2.53M3.68M3.43M5.93M461.33K
Total Debt0.000.000.000.000.000.00
Total Liabilities264.54K264.54K383.92K238.53K458.27K181.63K
Stockholders Equity7.39M7.39M9.12M7.04M7.74M311.93K
Cash Flow
Free Cash Flow-886.000.00-2.39M-2.25M-221.38K
Operating Cash Flow-430.000.00-738.56K-637.00-668.00
Investing Cash Flow-456.000.00-1.66M-1.86M-220.72K0.00
Financing Cash Flow0.000.002.64M0.006.82M1.13K

Stelar Metals Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.06
Price Trends
50DMA
0.07
Negative
100DMA
0.07
Negative
200DMA
0.06
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
16.68
Positive
STOCH
-18.18
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SLB, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 16.68 is Positive, neither overbought nor oversold. The STOCH value of -18.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SLB.

Stelar Metals Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
44
Neutral
AU$42.18M-11.00-106.64%-36.36%
44
Neutral
AU$7.02M-0.50-78.12%-349.06%
44
Neutral
AU$5.98M-4.58-38.30%61.60%
43
Neutral
AU$8.56M-0.69-190.23%47.88%
38
Underperform
AU$5.91M-5.45-26.98%4.35%
37
Underperform
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SLB
Stelar Metals Limited
0.07
>-0.01
-2.99%
AU:MRD
Mount Ridley Mines Limited
0.03
0.02
175.00%
AU:RIE
Riedel Resources Limited
0.04
0.01
42.86%
AU:SLZ
Sultan Resources Ltd.
0.01
<0.01
20.00%
AU:AIV
ActivEX Limited
0.02
0.01
100.00%
AU:PRL
Province Resources Ltd
0.01
-0.03
-70.73%

Stelar Metals Limited Corporate Events

Stelar Metals Plans Issue of 1.75 Million Unlisted Options
Dec 28, 2025

Stelar Metals Limited has notified the ASX of a proposed issue of securities, comprising up to 1,750,000 new unlisted options to be issued under a placement or similar structure. The options, expected to be issued on 30 December 2025, represent a targeted capital management move that may provide additional incentives or funding flexibility for the company, with potential dilution for existing shareholders depending on the options’ terms and eventual exercise.

Stelar Metals Director’s 500,000 Options Expire Without Exercise
Dec 24, 2025

Stelar Metals Limited has announced a change in the interests of director William Robert Dix, who previously held both fully paid ordinary shares and unlisted options in the company through family-related accounts. The 500,000 unlisted options held indirectly by Dix, with an expiry date of 22 December 2025 and an exercise price of $0.50, have now lapsed without consideration, leaving his indirect holdings unchanged in terms of ordinary shares but eliminating his option exposure, which marginally reduces potential future equity dilution for existing shareholders.

Stelar Metals Director Updates Holding as 500,000 Options Expire
Dec 24, 2025

Stelar Metals Limited has announced a change in the relevant interests of director Geoffrey Leonard Webster, reflecting the expiry of 500,000 unlisted options held indirectly through the L Webster Family Account. Following the expiry of these options on 22 December 2025, Webster’s indirect holding now consists solely of 483,433 fully paid ordinary shares, with no consideration involved in the change, indicating an adjustment in his equity-based incentive exposure but no immediate cash transaction or change to the company’s issued share capital.

Stelar Metals Director’s 500,000 Unlisted Options Lapse
Dec 24, 2025

Stelar Metals Limited has disclosed a change in the interests of director Stephen Richard Biggins, reporting the expiry of 500,000 unlisted options that had an exercise price of $0.50 and were due to expire on 22 December 2025. Following the expiry, Biggins’ indirect holdings now consist solely of fully paid ordinary shares held through various private entities, with no remaining unlisted options, a routine development that marginally simplifies the company’s capital structure and clarifies the director’s equity exposure for investors.

Stelar Metals Grants 1.75 Million Director Options Under Incentive Plan
Dec 24, 2025

Stelar Metals Limited will issue 1,750,000 unlisted options to its directors under the company’s Employee Incentive Securities Plan, with 750,000 options going to Chairman Stephen Biggins and 500,000 options each to non-executive directors Geoff Webster and Will Dix, following shareholder approval at the 2025 Annual General Meeting. Each option carries an exercise price of $0.15, is convertible into one ordinary share, and expires three years from issue, signaling the company’s continued use of equity-based incentives to align director remuneration with shareholder interests and the company’s long-term performance.

Stelar Metals Boosts Director Equity Stake Through Share-Based Fee Payment
Dec 23, 2025

Stelar Metals Limited has disclosed a change in director William Robert Dix’s relevant interest in the company’s securities, following the issuance of additional shares as part of his remuneration. Dix, through his family account, received 283,433 fully paid ordinary shares at $0.0662 per share as payment for director fees for the period July to November 2025, as previously approved by shareholders at the 2025 AGM, increasing his direct and associated holdings to 583,433 ordinary shares plus 500,000 unlisted options. The transaction underscores the company’s use of equity-based compensation to align director incentives with shareholder interests and slightly increases insider ownership, a development that may be of interest to investors monitoring governance and capital structure dynamics.

Stelar Metals Director Increases Equity Stake Through Fee-Paid Share Issue
Dec 23, 2025

Stelar Metals Limited has disclosed a change in the relevant interests of director Geoffrey Leonard Webster, whose holdings are indirectly registered via the L Webster Family Account. On 18 December 2025, Webster received 283,433 ordinary shares at $0.0662 per share as payment of director fees for the period from July to November 2025, a remuneration structure that had been approved by shareholders at the 2025 AGM. Following this issuance, his indirect holding increased from 200,000 to 483,433 fully paid ordinary shares, while his existing 500,000 unlisted options, expiring 22 December 2025 with a $0.50 exercise price, remain unchanged, reflecting a modest alignment of director compensation with shareholder interests through equity-based payment.

Stelar Metals Options Lapse Clarifies Capital Structure
Dec 22, 2025

Stelar Metals Limited, listed on the ASX under the code SLB, has reported a change in its issued capital structure. The company has allowed a tranche of listed options to lapse without being exercised, slightly reducing the pool of potential future equity dilution for existing shareholders.

The company announced that 2.7 million options, exercisable at $0.50 and expiring on 22 December 2025, have ceased following their expiry without conversion. This technical capital-management update signals that these options will not convert into ordinary shares, clarifying Stelar Metals’ current on-issue securities and potentially simplifying its capital structure for investors and the market.

Stelar Metals Options Lapse, Trimming Future Dilution Risk
Dec 21, 2025

Stelar Metals Limited has announced the expiry of 1,500,000 listed options (ASX code SLBAE) that were due to expire on 19 December 2025 with an exercise price of $0.50, which lapsed without being exercised. The cessation of these securities slightly simplifies the company’s capital structure and removes a potential source of future share dilution for existing shareholders, indicating no immediate capital inflow from option conversion but a cleaner issued capital profile going forward.

Stelar Metals Pays Director Fees in Shares, Confirms Regulatory Compliance
Dec 18, 2025

Stelar Metals Limited has issued 1,007,762 fully paid ordinary shares to its directors as payment for outstanding fees accrued from July to November 2025, following shareholder approval at the company’s 28 November 2025 Annual General Meeting. The company confirmed that the share issue was conducted without a prospectus under the Corporations Act safe-harbour provisions and stated it remains compliant with its financial reporting and continuous disclosure obligations, with no additional material information required to be disclosed to investors at this time.

Stelar Metals Issues Over 1 Million Fully Paid Shares
Dec 18, 2025

Stelar Metals Limited announced the issuance and quotation of 1,007,762 fully paid ordinary shares on December 18, 2025, as part of previously disclosed transactions. This move reflects the company’s ongoing efforts to strengthen its market position and financial capabilities, with potential positive implications for stakeholders and the broader mining industry.

Stelar Metals Limited Announces Proposed Securities Issue
Dec 9, 2025

Stelar Metals Limited announced a proposed issue of 1,007,763 ordinary fully paid securities, set to take place on December 12, 2025. This strategic move is aimed at enhancing the company’s financial standing and market position, potentially impacting its operations and offering new opportunities for stakeholders.

Stelar Metals Announces Leadership Transition
Dec 1, 2025

Stelar Metals Limited announced a management change with Mr. Colin Skidmore transitioning from Chief Executive Officer to Chief Geologist on a part-time basis. This strategic move allows the company to leverage Mr. Skidmore’s expertise in geology as it seeks to expand its project portfolio, potentially impacting its operational focus and market positioning.

Stelar Metals Limited Announces Successful AGM Outcomes
Nov 28, 2025

Stelar Metals Limited, a company listed on the Australian Securities Exchange under the ticker SLB, announced the results of its 2025 Annual General Meeting. All resolutions presented during the meeting were approved through a poll, reflecting strong shareholder support for the company’s proposed actions. This outcome indicates a stable governance environment and could positively influence investor confidence in the company’s strategic direction.

Stelar Metals Limited Releases 2025 Corporate Governance Statement
Oct 30, 2025

Stelar Metals Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s principles, highlighting its commitment to transparency and accountability. This disclosure is crucial for stakeholders as it outlines the company’s governance practices, potentially impacting investor confidence and regulatory compliance.

Stelar Metals Limited Releases 2025 Annual Report
Oct 30, 2025

Stelar Metals Limited has released its annual report for the fiscal year ending June 30, 2025. The report includes comprehensive financial statements and declarations, highlighting the company’s financial position and operational outcomes for the year. This release is significant as it provides stakeholders with insights into the company’s performance and governance, which could impact future strategic decisions and investor confidence.

Stelar Metals Schedules 2025 Annual General Meeting
Oct 29, 2025

Stelar Metals Limited has announced its 2025 Annual General Meeting, scheduled for November 28, 2025, in Adelaide, South Australia. Shareholders are encouraged to access the Notice of Meeting and related materials online, as hard copies will not be distributed unless previously requested. The company has provided details for proxy voting and contact information for shareholder queries, ensuring stakeholders are informed of the meeting’s logistics and any potential changes.

Stelar Metals Pursues Expansion in Tier 1 Jurisdictions
Oct 29, 2025

Stelar Metals Limited is actively pursuing new business development opportunities to expand its portfolio in Tier 1 jurisdictions, with advanced negotiations underway for critical and precious mineral exploration projects. The company is also negotiating with South Australian Native Title Holders for continued exploration access and has implemented cost-cutting measures to preserve cash, maintaining a balance of $2.304 million as of September 2025.

Stelar Metals Reschedules 2025 AGM, Opens Director Nominations
Oct 14, 2025

Stelar Metals Limited has announced a revised date for its 2025 Annual General Meeting, now scheduled for November 28, 2025. A key agenda item will be the re-election of directors, with nominations closing on October 21, 2025. This meeting is significant for stakeholders as it will influence the company’s leadership and strategic direction.

Stelar Metals Schedules 2025 Annual General Meeting
Oct 2, 2025

Stelar Metals Limited has announced that its 2025 Annual General Meeting will be held on November 24, 2025. A key agenda item for the meeting is the re-election of Directors, with nominations closing on October 9, 2025. This meeting is significant for stakeholders as it will influence the company’s governance and strategic direction.

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.Date of analysis: Apr 21, 2025