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Star Minerals Ltd.
(Sydney:SMS)
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Rating:43Neutral
Price Target:
AU$0.04
▼(-10.00% Downside)
Action:Reiterated
Date:03/24/26
The score is held down primarily by weak financial performance (minimal revenue, widening losses, and ongoing cash burn) and bearish technicals (trading below key moving averages with negative MACD). A debt-free balance sheet with positive equity provides some offset, but valuation is not attractive on earnings given the negative P/E.
Positive Factors
Debt-free balance sheet
Zero reported debt and a positive equity base provide lasting financial flexibility, lowering insolvency risk and preserving capacity to fund exploration or operations via equity or project financing. This structural conservatism supports the company through cyclical commodity downturns.
Negative Factors
Sustained cash burn
Persistent negative operating and free cash flow requires repeated external funding or equity dilution to sustain activities. Over 2–6 months this structural cash burn constrains investment in growth projects and raises execution risk if capital markets tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt and a positive equity base provide lasting financial flexibility, lowering insolvency risk and preserving capacity to fund exploration or operations via equity or project financing. This structural conservatism supports the company through cyclical commodity downturns.
Read all positive factors
Star Minerals Ltd. (SMS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.47M
Dividend YieldN/A
Average Volume (3M)1.35M
Price to Earnings (P/E)―
Beta (1Y)1.94
Revenue GrowthN/A
EPS Growth18.05%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding255,979,600
10 Day Avg. Volume1,192,044
30 Day Avg. Volume1,345,139
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.40
Price to Sales (P/S)577.15
P/FCF Ratio-1.91
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
Star Minerals Ltd. Business Overview & Revenue Model
Company Description
Star Minerals Limited is an Australian enterprise focused on identifying and advancing resources of gold, copper, and other base metals. Its flagship initiative is the Tumblegum South project, an advanced exploration site positioned immediately so...
Star Minerals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
20
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.45K | 5.22K | 0.00 | 202.34K | 0.00 | 0.00 |
| Gross Profit | -727.25K | -722.27K | 0.00 | 202.34K | 0.00 | 0.00 |
| EBITDA | -1.86M | -1.90M | -853.08K | -1.17M | -795.76K | 0.00 |
| Net Income | -1.85M | -1.90M | -857.63K | -1.17M | -795.98K | -45.33K |
Balance Sheet | ||||||
| Total Assets | 8.48M | 7.76M | 6.59M | 6.41M | 7.80M | 241.26K |
| Cash, Cash Equivalents and Short-Term Investments | 1.26M | 1.18M | 435.16K | 784.03K | 2.97M | 240.39K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11.92K |
| Total Liabilities | 218.97K | 291.54K | 138.51K | 215.46K | 487.58K | 254.77K |
| Stockholders Equity | 8.26M | 7.47M | 6.46M | 6.19M | 7.32M | -13.51K |
Cash Flow | ||||||
| Free Cash Flow | -2.28M | -1.58M | -1.18M | -2.19M | -1.79M | -24.38K |
| Operating Cash Flow | -2.21M | -1.34M | -1.11M | -1.82M | -678.13K | -24.38K |
| Investing Cash Flow | -70.18K | -240.37K | -67.31K | -371.21K | -1.11M | -3.00 |
| Financing Cash Flow | 3.02M | 2.32M | 827.74K | 0.00 | 4.53M | 745.56K |
Star Minerals Ltd. Technical Analysis
Negative
0.04
Price Trends
0.04
Negative
0.05
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
41.48
Neutral
80.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SMS, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.48 is Neutral, neither overbought nor oversold. The STOCH value of 80.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SMS.
Star Minerals 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% | |
51 Neutral | AU$15.81M | -6.16 | -40.02% | ― | ― | 39.32% | |
44 Neutral | AU$7.57M | -6.36 | -6.21% | ― | ― | 41.18% | |
44 Neutral | AU$8.84M | -1.38 | -36.55% | ― | ― | 5.26% | |
44 Neutral | AU$8.23M | -7.24 | -9.43% | ― | ― | 53.13% | |
44 Neutral | AU$8.35M | -5.29 | -34.21% | ― | ― | 92.50% | |
43 Neutral | AU$9.47M | -3.27 | -26.30% | ― | ― | 18.05% |
* Basic Materials Sector Average
AU:SMS
Star Minerals Ltd.
0.04
0.01
42.31%
AU:NWM
Norwest Minerals Ltd.
0.01
>-0.01
-28.57%
AU:E79
E79 Gold Mines Limited
0.03
>-0.01
-10.71%
AU:NSM
North Stawell Minerals, Ltd.
0.02
-0.02
-43.24%
AU:PGD
Peregrine Gold Ltd.
0.18
0.00
0.00%
AU:NES
Nelson Resources Ltd.
0.01
0.00
0.00%
Star Minerals Ltd. Corporate Events
Star Minerals Advances Tumblegum South Mining and Secures New WA Gold Project
Jul 13, 2026
Star Minerals reported a strong June quarter as mining ramped up at the Tumblegum South Gold Project in Western Australia, with site mobilisation complete, key infrastructure in place and the first blast of mineralised material stockpiled on the r...
Star Minerals Director Increases Shareholding Through Performance Rights Conversion
Jul 9, 2026
Star Minerals has reported a change in the holdings of director Ian George Stuart following the conversion of performance rights into ordinary shares. Stuart’s direct and indirect interests were adjusted as 2,416,667 performance rights were ...
Star Minerals Confirms Compliance in New ASX Securities Issue
Jul 6, 2026
Star Minerals Ltd., an ASX-listed minerals exploration company based in Western Australia, continues to operate under the Australian corporate regulatory framework governing listed entities. The business remains subject to ongoing financial report...
Star Minerals Seeks ASX Quotation for New Share Issue
Jul 6, 2026
Star Minerals Ltd. is an Australian-listed resources company operating in the mining sector. The firm is quoted on the ASX under the ticker SMS and focuses on exploration and development activities within the minerals industry, positioning itself ...
Star Minerals Appoints In.Corp as New Auditor After Board Review
Jun 29, 2026
Star Minerals has appointed In.Corp Audit Assurance Pty Ltd as its new auditor following a board-led review, effective immediately, replacing Nexia Perth Audit Services Pty Ltd with the consent of the corporate regulator. In.Corp will serve as au...
Star Minerals adds low-cost Merredin gold project to WA growth pipeline
Jun 25, 2026
Star Minerals has secured the 219sq km Merredin Project in Western Australia through low-cost exploration licence applications, expanding its gold exploration footprint near Merredin with minimal upfront expenditure. The ground, interpreted as pro...
Star Minerals Confirms Compliance on New Securities Issue
May 27, 2026
Star Minerals has notified the market that it has issued quoted securities without a prospectus, relying on a specific exemption under the Corporations Act. The company confirmed it is up to date with its financial reporting and continuous disclos...
Star Minerals to List Over 4.3 Million New Shares on ASX
May 27, 2026
Star Minerals Ltd. has applied for quotation on the ASX of 4,333,333 new fully paid ordinary shares, to be issued on 27 May 2026. The additional securities, arising from the exercise or conversion of existing instruments, will expand the company&#...
Star Minerals fires first blast at Tumblegum South as gold project moves into mining phase
May 12, 2026
Star Minerals has kicked off mining activities at its Tumblegum South Gold Project, with contractor MEGA Resources completing the first drill-and-blast and beginning waste rock mining. Managing director Ashley Jones said the start of blasting and ...
Star Minerals moves Tumblegum South toward production after approvals and asset sale
Apr 22, 2026
Star Minerals has secured final approvals and commenced site mobilisation at its Tumblegum South Gold Project, underpinned by a toll treatment agreement with Catalyst Metals for processing ore at the Plutonic mill. Grade control and extensional dr...
Star Minerals hits high-grade gold in western extension at Tumblegum South
Apr 20, 2026
Star Minerals has reported new reverse circulation drilling results from its Tumblegum South project, with standout intercepts including 4 metres at 12.72 grams per tonne gold from 46 metres, incorporating 1 metre at 46.70 grams per tonne. The 15-...
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.