Want to see AU:TAM full AI Analyst Report?
Top Page
Tanami Gold NL
(Sydney:TAM)
Select Model
Select Model
Rating:42Neutral
Price Target:
AU$0.06
▼(-31.25% Downside)
Action:Reiterated
Date:05/13/26
The score is held down primarily by weak financial performance (pre-revenue operations, persistent losses, and ongoing cash burn) and bearish technical signals (below key moving averages with negative MACD and very low RSI). Valuation is also constrained by negative earnings (negative P/E) and no dividend support, partly offset by the company’s very low leverage.
Positive Factors
Very low leverage
Debt near zero materially reduces solvency risk and interest burden, giving management flexibility to pursue exploration or development without immediate refinancing pressure. Over 2–6 months this improves resilience to commodity or funding shocks versus highly levered peers.
Negative Factors
Pre-revenue operations
Zero reported revenue and ongoing operating losses mean the business lacks internal cash generation and has no near-term revenue visibility. This structurally increases reliance on external funding and lengthens time to self-sufficiency, constraining long-term investment and growth options.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Debt near zero materially reduces solvency risk and interest burden, giving management flexibility to pursue exploration or development without immediate refinancing pressure. Over 2–6 months this improves resilience to commodity or funding shocks versus highly levered peers.
Read all positive factors
Tanami Gold NL (TAM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$133.96M
Dividend YieldN/A
Average Volume (3M)1.97M
Price to Earnings (P/E)―
Beta (1Y)0.70
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees107
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,350,194,000
10 Day Avg. Volume2,194,596
30 Day Avg. Volume1,971,326
Financial Highlights & Ratios
PEG Ratio-3.02
Price to Book (P/B)1.74
Price to Sales (P/S)0.00
P/FCF Ratio-11.36
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
Tanami Gold NL Business Overview & Revenue Model
Company Description
Tanami Gold NL, along with its associated companies, undertakes the prospecting and evaluation of gold deposits throughout Australia. Its primary venture is the Central Tanami project, which spans an area of 2,211 square kilometers in the Tanami R...
How the Company Makes Money
null...
Tanami Gold NL Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
78
Positive
Cash Flow
18
Very Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -188.00K | -334.00K | -146.00K | -5.00K | -31.00K |
| EBITDA | -8.22M | -5.95M | -4.14M | -3.14M | -804.00K |
| Net Income | -5.84M | -6.15K | -3.47M | 7.96M | -1.33M |
Balance Sheet | |||||
| Total Assets | 48.07M | 51.73M | 57.00M | 57.99M | 48.65M |
| Cash, Cash Equivalents and Short-Term Investments | 18.87M | 31.77M | 37.10M | 38.65M | 33.21M |
| Total Debt | 70.00K | 6.00K | 20.00K | 35.00K | 42.00K |
| Total Liabilities | 5.57M | 5.36M | 4.80M | 4.26M | 1.85M |
| Stockholders Equity | 42.51M | 46.37M | 52.20M | 53.73M | 46.80M |
Cash Flow | |||||
| Free Cash Flow | -6.51M | -5.92M | -3.88M | -2.49M | -710.00K |
| Operating Cash Flow | -6.39M | -5.80M | -3.88M | -2.49M | -710.00K |
| Investing Cash Flow | 6.00K | 18.00K | -266.00K | 9.43M | 83.00K |
| Financing Cash Flow | -15.00K | -14.00K | -14.00K | -33.00K | 0.00 |
Tanami Gold NL Technical Analysis
Negative
0.08
Price Trends
0.07
Negative
0.08
Negative
0.07
Negative
Market Momentum
>-0.01
Negative
29.77
Positive
75.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TAM, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and above the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 29.77 is Positive, neither overbought nor oversold. The STOCH value of 75.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TAM.
Tanami Gold NL 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% | |
56 Neutral | AU$187.03M | -138.16 | -2.84% | ― | ― | -92.31% | |
54 Neutral | AU$115.01M | 24.05 | 2.67% | ― | 593.88% | 80.32% | |
50 Neutral | AU$267.21M | -1,300.00 | -5.45% | ― | ― | -176.00% | |
49 Neutral | AU$168.32M | -26.55 | -7.26% | ― | ― | -66.98% | |
43 Neutral | AU$34.39M | -2.46 | -50.09% | ― | 4939.45% | -187.90% | |
42 Neutral | AU$133.96M | -11.88 | -13.28% | ― | ― | ― |
* Basic Materials Sector Average
AU:TAM
Tanami Gold NL
0.06
<0.01
7.55%
AU:TSO
Tesoro Gold
0.94
0.50
116.09%
AU:KAU
Kaiser Reef Ltd
0.19
0.02
15.15%
AU:AS1
Golden Rim Resources Ltd
0.13
0.08
160.00%
AU:VTX
Vertex Minerals Ltd.
0.12
-0.14
-52.94%
AU:HRN
Horizon Gold Ltd
1.05
0.48
83.57%
Tanami Gold NL Corporate Events
Tanami Gold Director Doubles Stake Through Rights Issue Participation
Jun 3, 2026
Tanami Gold NL has disclosed a change in director Brett Smith’s shareholding, reflecting increased alignment between management and shareholders. The disclosure was lodged with the ASX in accordance with regulatory requirements governing dir...
Tanami Gold Reveals Highly Concentrated Shareholder Register
Jun 3, 2026
Tanami Gold NL has released an update on its share register, revealing a highly concentrated ownership structure in its ordinary shares. The top 20 shareholders collectively control 79.13% of the company’s 2.35 billion issued shares, undersc...
Tanami Gold moves to quote newly issued ASX securities
Jun 3, 2026
Tanami Gold NL has lodged an Appendix 2A with the ASX seeking quotation of newly issued securities that form part of a previously announced transaction. The securities, which were issued on 3 June 2026 and previously notified to the market in an A...
Tanami Gold Completes Fully Underwritten A$70.5m Rights Issue
Jun 2, 2026
Tanami Gold NL has completed a fully underwritten pro rata renounceable rights issue, offering one new share for every existing share at A$0.06 to raise about A$70.5 million before costs. Eligible shareholders subscribed for 837.6 million new shar...
Metals X Maintains 2.93% Stake in Tanami Gold via A$70.5m Entitlement Offer
May 8, 2026
Metals X Limited, an ASX-listed resources company, has reaffirmed its strategic stake in Tanami Gold NL by committing to fully participate in Tanami’s latest equity raising. Tanami is undertaking a fully underwritten, 1-for-1 renounceable en...
Tanami Gold launches fully underwritten A$70.5m rights issue
May 8, 2026
Tanami Gold NL has launched a fully underwritten renounceable rights issue, offering eligible shareholders one new share for every existing share at an issue price of A$0.06, to raise up to approximately A$70.5 million. The offer is jointly manage...
Tanami Gold Files Appendix 3B for Proposed Securities Issue
May 8, 2026
Tanami Gold NL has lodged an Appendix 3B with the ASX, notifying the market of a proposed issue of securities and applying for their potential quotation under ASX Listing Rules. The filing, which is a new announcement, indicates the company’...
Tanami Gold launches $70.5m renounceable entitlement offer to fund Central Tanami project
May 8, 2026
Tanami Gold NL has launched a fully underwritten 1-for-1 pro-rata renounceable entitlement offer, priced at $0.06 per new share, to raise up to A$70.5 million before costs from eligible shareholders. Key shareholders APAC Resources, Metals X and E...
Tanami Gold Seeks Trading Halt Ahead of Capital Raising
May 5, 2026
Tanami Gold NL has requested an immediate trading halt on its securities on the ASX as it prepares to announce a capital raising. The halt, sought under Listing Rule 17.1, is intended to help the company manage its continuous disclosure obligation...
Tanami Gold Elevates Brett Smith to Executive Director to Drive Central Tanami Project
Apr 29, 2026
Tanami Gold NL has elevated Brett Smith from Non-Executive to Executive Director effective 1 May 2026, a move aimed at strengthening operational and strategic oversight of its key asset, the Central Tanami Project Joint Venture in the Northern Ter...
Tanami Gold Advances Central Tanami Planning as JV Restructures and Cash Position Strengthens
Apr 26, 2026
Tanami Gold NL reported that preparation for late FY26 and FY27 activities is progressing, with planned programs targeting site infrastructure upgrades, regulatory approvals, permitting and resource definition drilling at the Central Tanami Projec...
Tanami Gold JV Picks Macmahon for $38m Groundrush Exploration Decline
Apr 20, 2026
Tanami Gold’s Central Tanami Project Joint Venture has selected Macmahon Underground Pty Ltd as preferred mining contractor to build an underground exploration decline at the Groundrush Gold Deposit in the Northern Territory. The proposed wo...
Macmahon Wins $38m Groundrush Underground Contract from Tanami JV
Apr 20, 2026
Macmahon’s underground subsidiary has been selected as preferred mining contractor by the Central Tanami Project Joint Venture, between Tanami Gold NL and MGX Resources, for the Groundrush exploration decline in the Tanami region of the Nort...
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.