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Star Minerals Ltd.
(Sydney:SMS)
Star Minerals Ltd. (SMS) vs. iShares MSCI Australia ETF (EWA)
Star Minerals Ltd. Business Overview & Revenue Model
Star Minerals Ltd. Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.22K | 0.00 | 202.34K | 0.00 | 0.00 |
| Gross Profit | -722.27K | 0.00 | 202.34K | 0.00 | 0.00 |
| EBITDA | -1.90M | -853.08K | -1.17M | -795.76K | 0.00 |
| Net Income | -1.90M | -857.63K | -1.17M | -795.98K | -45.33K |
Balance Sheet | |||||
| Total Assets | 7.76M | 6.59M | 6.41M | 7.80M | 241.26K |
| Cash, Cash Equivalents and Short-Term Investments | 1.18M | 435.16K | 784.03K | 2.97M | 240.39K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 11.92K |
| Total Liabilities | 291.54K | 138.51K | 215.46K | 487.58K | 254.77K |
| Stockholders Equity | 7.47M | 6.46M | 6.19M | 7.32M | -13.51K |
Cash Flow | |||||
| Free Cash Flow | -1.58M | -1.18M | -2.19M | -1.79M | -24.38K |
| Operating Cash Flow | -1.34M | -1.11M | -1.82M | -678.13K | -24.38K |
| Investing Cash Flow | -240.37K | -67.31K | -371.21K | -1.11M | -3.00 |
| Financing Cash Flow | 2.32M | 827.74K | 0.00 | 4.53M | 745.56K |
Star Minerals Ltd. Technical Analysis
Star Minerals Ltd. Peers Comparison
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% | |
48 Neutral | AU$6.14M | -2.11 | -139.36% | ― | 168.85% | 13.51% | |
47 Neutral | AU$56.99M | -2.79 | -28.97% | ― | ― | 5.93% | |
44 Neutral | ― | -1.59 | -26.30% | ― | ― | ― | |
43 Neutral | AU$3.22M | -0.22 | -164.84% | ― | ― | 76.76% | |
41 Neutral | AU$17.00M | -0.72 | -92.34% | ― | ― | 69.23% | |
40 Underperform | AU$6.27M | -4.04 | -120.71% | ― | ― | 65.32% |
Star Minerals Ltd. Corporate Events
Star Minerals has completed the sale of its non-core West Bryah copper-gold project to Catalyst Metals for a total consideration of $2.75 million in cash and shares, while also securing a $1 million strategic equity placement from Catalyst at $0.062 per share. The transaction strengthens Star Minerals’ balance sheet without shareholder dilution, brings Catalyst onto the register with a 6.59% stake, and underpins plans to advance and process ore from the Tumblegum South Gold Project through Catalyst’s Plutonic Plant Gold Mill, reinforcing the project’s pathway to production and potential cash generation in a supportive gold price environment.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals has issued new quoted securities without a prospectus, relying on a disclosure exemption available under Section 708A(5) of the Corporations Act 2001. The company stated it is fully compliant with its financial reporting and continuous disclosure obligations, and confirmed there is no undisclosed price-sensitive information, signalling that the capital raising is routine and not driven by hidden developments.
The notice assures investors that the new securities can trade on-market without additional disclosure documents, which may streamline the company’s access to capital. This step reinforces Star Minerals’ adherence to regulatory standards, potentially supporting investor confidence while modestly expanding its quoted share base.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals Ltd. has applied for quotation on the ASX of 16,129,032 new ordinary fully paid shares under its SMS ticker, with an issue date of March 18, 2026. The additional securities expand the company’s listed share capital, potentially broadening its investor base and providing further flexibility for funding future exploration and development activities.
The move to quote these new shares reflects ongoing capital management by Star Minerals as it pursues its growth plans in the resources sector. While specific use of proceeds is not detailed in the filing, the enlarged quoted equity base may support liquidity in the stock and underpin the company’s ability to access market funding for its projects.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals Limited has released its consolidated interim financial report for the half-year ended 31 December 2025, providing investors with an overview of profit or loss, financial position, cash flows and changes in equity. The report, which includes directors’ commentary and an independent auditor’s review, offers stakeholders structured insight into the company’s recent financial performance and governance disclosures.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals Ltd. has applied for quotation on the ASX of 2,328,125 new ordinary fully paid shares under its existing ticker SMS. The new securities, issued on March 10, 2026, will expand the company’s listed share capital, providing additional liquidity for investors and reflecting the conversion or exercise of existing options or other convertible securities.
The application signals continued capital market activity by the junior miner as it progresses its strategy in the resources sector. The additional quoted shares may modestly dilute existing holdings but could support funding flexibility and market visibility for Star Minerals as it advances its projects.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals Ltd. has applied to the ASX for quotation of 1,000,000 new ordinary fully paid shares under its existing SMS ticker. The securities are being brought onto the market following the exercise or conversion of existing options or other convertible instruments, modestly increasing the company’s free float and potentially enhancing liquidity for investors.
The issuance, dated 25 February 2026, represents a relatively small capital expansion but signals continued corporate activity and engagement with equity markets. While financial terms are not disclosed, the move may support the company’s funding flexibility for exploration or development initiatives, with limited immediate dilution for existing shareholders given the scale of the new shares.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals has satisfied the conditions of its Right to Mine Agreement for the Tumblegum South Gold Project after signing a toll gold milling deal with Catalyst Metals. With mining approval, a mining contract and a milling contract now in place, and grade control drilling completed, the company targets first-quarter 2026 for the start of mining, subject to timely receipt of a Native Vegetation Clearing Permit.
The Tumblegum South project hosts a 616,000-tonne mineral resource at 2.28 grams per tonne for 45,000 ounces of gold, underpinning an updated production target of up to 15,900 ounces and an estimated cash surplus of A$9.4 million to A$19.6 million at current gold prices. Management says the robust economics and strengthened project de-risking could position Star Minerals to capitalise on elevated gold prices and enhance returns for shareholders as it transitions into production.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals has released a February 2026 corporate presentation outlining its shift from explorer to emerging near-term gold producer, anchored by the Tumblegum South Gold Project. The company highlights previously reported scoping studies, mineral resource estimates, and metallurgical data that collectively support the technical and economic potential of open pit mining and toll treatment at the site.
The presentation stresses that the updated scoping study for Tumblegum South is preliminary and not yet sufficient to define ore reserves, with further evaluation and studies required before an economic development case can be assured. Star Minerals also flags a likely funding requirement in the range of $1.7 million to $3.9 million and notes potential alternatives such as asset sales or joint ventures, underlining both the project’s prospects and the financing and execution risks facing shareholders and other stakeholders.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals Ltd. will host a live investor briefing webinar on 24 February 2026, where Managing Director Ashley Jones will provide an update on the company and take questions from shareholders, investors and media. The session, which will run for 30 minutes and be made available as a replay, is intended to deepen engagement with stakeholders as the company advances its Tumblegum South Gold Project towards near-term production, underpinned by robust economics at a wide range of gold prices and recently secured development and processing agreements.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals has released an updated corporate presentation outlining the preliminary results of its Updated Scoping Study for the Tumblegum South gold deposit, which assesses the viability of open pit mining with third-party toll treatment as it advances towards near-term gold production. The company emphasises that the study remains an early-stage, low-level technical and economic assessment that does not yet support ore reserve estimation, and highlights that further evaluation, additional funding in the range of A$1.7 million to A$3.9 million, and potential alternative ‘value realisation’ strategies such as asset sales or joint ventures may materially influence project ownership and outcomes for shareholders, underscoring the inherent uncertainties and risks for stakeholders at this stage.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals Limited has reported the outcomes of its 29 January 2026 general meeting, where shareholders voted on several capital-related resolutions. All three resolutions, relating to the ratification of previous share issues under ASX Listing Rules 7.1 and 7.1A and the ratification of previously issued lead manager options, were carried by an overwhelming majority via poll, confirming shareholder support for the company’s recent capital-raising and incentive activities and providing regulatory certainty around its existing securities structure.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals has reported a strong December quarter as it advances its Tumblegum South Gold Project toward production, having secured mining approval and commenced grade control drilling on the granted M51/888 lease. The company highlighted that its updated scoping study for Tumblegum South indicates potential free cash flow of up to A$19.6 million at gold prices of A$3,800/oz, while the current ~A$7,000/oz gold price environment offers significant upside. Pre-mining capital and start-up costs of A$1.7 million to A$3.9 million are to be covered under a Right to Mine agreement with MEGA Resources, easing funding pressures as Star Minerals finalises mine planning and milling arrangements in collaboration with MEGA Resources and Bain Global Resources. The company ended the quarter with A$1.26 million in cash, reinforcing its ability to progress toward first production and potentially enhancing returns for shareholders if the strong gold price persists.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals has recommenced grade control drilling at its Tumblegum South Gold Project, with a planned program of about 4,000 metres and 611 metres already completed before the Christmas break under the coordination of MEGA Resources. The closely spaced drilling is designed to generate detailed data to define the mining production schedule and guide efficient extraction of the deposit, aiming to optimise the project’s economic outcomes as the company moves closer to potential production decisions.
The most recent analyst rating on (AU:SMS) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Star Minerals Ltd. stock, see the AU:SMS Stock Forecast page.
Star Minerals Ltd has called a general meeting of shareholders for 10:00am AWST on 29 January 2026, with the notice of meeting and explanatory materials made available online through the company’s website and ASX announcements page instead of being mailed in hard copy, except to investors who have specifically elected to receive physical documents. The company is urging shareholders to submit directed proxy votes and questions in advance, register their intended attendance, and manage their communication and contact details through the Automic investor portal, while also flagging that any changes to the meeting arrangements will be communicated via its website and ASX platform, underscoring a continued shift toward digital shareholder engagement and compliance with electronic disclosure practices.
Star Minerals Limited has called a physical General Meeting of shareholders to be held in Leederville, Perth, Western Australia, at 10:00am (WST) on Thursday, 29 January 2026. The company has set an indicative timetable covering the last date for receipt of proxy forms and the share register snapshot date for voting eligibility, underscoring the importance of shareholder participation in upcoming resolutions to be considered at the meeting.
Star Minerals has reported steady progress on grade control drilling at its Tumblegum South Gold Project in Western Australia, following the recent receipt of mining approval. The program, coordinated by MEGA Resources, will cover about 4,000 metres of drilling, with 611 metres already completed before a short pause over the Christmas-New Year period and completion expected in January. The closely spaced drill holes are designed to refine the mining production schedule and maximise the ore-to-waste ratio, supporting the company’s plan to commence mining next quarter and accelerate first gold production, a key step in de-risking the project and moving Star Minerals closer to cash flow generation.