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Tasman Resources
(Sydney:TAS)
Tasman Resources (TAS) vs. iShares MSCI Australia ETF (EWA)
Tasman Resources Business Overview & Revenue Model
Tasman Resources Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.45M | 2.45M | 2.02M | 4.70M | 4.15M | 3.28M |
| Gross Profit | 1.69M | 1.69M | 1.39M | -2.47M | -3.64M | -3.38M |
| EBITDA | -4.22M | -4.22M | -15.56M | -15.75M | -5.11M | -4.55M |
| Net Income | -3.02M | -3.02M | -13.13M | -5.72M | -2.60M | -2.69M |
Balance Sheet | ||||||
| Total Assets | 22.09M | 22.09M | 23.50M | 32.42M | 43.45M | 45.53M |
| Cash, Cash Equivalents and Short-Term Investments | 761.43K | 761.43K | 987.69K | 2.74M | 2.30M | 6.01M |
| Total Debt | 17.03M | 17.03M | 14.03M | 10.32M | 4.91M | 5.27M |
| Total Liabilities | 19.89M | 19.89M | 16.98M | 12.65M | 6.37M | 6.42M |
| Stockholders Equity | 3.49M | 3.49M | 3.77M | 16.38M | 23.64M | 26.47M |
Cash Flow | ||||||
| Free Cash Flow | -3.92M | -3.92M | -6.20M | -5.55M | -8.12M | -9.30M |
| Operating Cash Flow | -3.92M | -3.92M | -5.46M | -4.60M | -6.61M | -6.12M |
| Investing Cash Flow | -172.77K | -172.77K | -733.88K | -1.11M | -1.73M | -4.37M |
| Financing Cash Flow | 3.87M | 3.87M | 4.45M | 6.15M | 4.50M | 15.26M |
Tasman Resources 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$5.92M | -8.82 | -4.35% | ― | ― | 62.22% | |
47 Neutral | AU$7.55M | ― | -16.88% | ― | ― | 73.55% | |
46 Neutral | AU$20.92M | -2.53 | -81.40% | ― | 20.65% | 80.26% | |
42 Neutral | AU$5.08M | -0.27 | -157.99% | ― | ― | 57.55% | |
42 Neutral | AU$11.62M | -12.22 | -24.22% | ― | ― | 83.93% | |
38 Underperform | AU$18.08M | -3.33 | -110.65% | ― | ― | 32.08% |
Tasman Resources Corporate Events
Tasman Resources Ltd has notified the ASX of a proposed issue of new securities via a placement or similar mechanism. The company plans to issue up to 1,000 new options, each exercisable at A$0.02 and expiring on 14 June 2028, with the proposed issue date set for 3 February 2026, indicating a modest capital-raising or incentive issuance that could marginally affect its capital structure and provide additional funding flexibility for future activities.
Tasman Resources will seek quotation of the new options on the ASX in line with listing rule requirements, with the issuance forming part of its broader capital management strategy. While the scale of the proposed issue is relatively small, the long-dated, low-exercise-price options may offer participating investors leveraged exposure to any future appreciation in the company’s share price and signal management’s ongoing efforts to maintain access to equity-linked financing channels.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources has released a transaction-specific cleansing prospectus for the offer of 1,000 Cleansing Options at a nil issue price, primarily to remove trading restrictions on existing options of the same class on issue before the offer closes on 2 February 2026. The Cleansing Options, which the company emphasises are speculative in nature, are intended to be quoted on the ASX, streamlining secondary trading and maintaining compliance with Australian securities laws, while not constituting a general offer or providing investment advice, thereby placing the onus on investors and existing option holders to assess risk and seek professional guidance.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources reported a solid financial position for the December 2025 quarter, with $1.5 million in cash and a shareholding in Eden Innovations valued at $6.5 million, underpinning ongoing exploration activities. At the Lake Torrens IOCG Project, recent magnetotelluric surveying at the Titan West prospect has identified deep conductive targets coincident with previously drilled copper-bearing intervals at the nearby Vulcan prospect, while work continued to refine optimal drill locations for testing combined gravity, magnetic and MT anomalies. The company also advanced its wholly owned Parkinson Dam Project in the Gawler Craton, planning to drill six priority IOCG, epithermal and porphyry-style targets in 2026 following an independent geophysical review, building on historic high-grade gold-silver intersections at the PD63 prospect. Fortescue, Tasman’s joint venture partner at Lake Torrens, has so far invested about $7 million and can increase its stake to 80% through further funding, highlighting strong partner commitment and the strategic significance of the IOCG targets for both parties and their stakeholders.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources has told the ASX it is not aware of any undisclosed information that would explain recent volatility in its share price, but pointed to several developments that may be driving market interest. These include the emergence of 7 Enterprises Pty Ltd as a substantial new shareholder, progress on drilling plans at its Titan West and Parkinson Dam projects, a sharp rise in the value of its significant shareholding in Eden Innovations (which now represents more than 40% of Tasman’s market capitalisation), and an early-stage move to acquire 243 new mineral exploration claims in New Mexico via an independent contractor, a process that may take several months and carries no certainty of title.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources has announced the expiry and cessation of 200,000 listed options (TASAA) that were due to expire on 1 January 2026 with an exercise price of $0.125, which lapsed without being exercised. The expiration of these options marginally reduces the company’s potential diluted capital base, simplifying its capital structure and slightly altering the balance between existing shareholders and holders of derivative securities.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources has increased its strategic stake in Eden Innovations Ltd through a $250,000 conditional share placement approved by Eden shareholders, executed via Tasman’s wholly owned subsidiary Noble Energy. Following the transaction, Tasman now holds 76,821,206 Eden shares, representing a 13.95% interest, along with a substantial package of listed and unlisted options, positioning Tasman shareholders to benefit from Eden’s future growth potential while replacing the need for additional direct financial support to Eden.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources Limited has successfully completed a $2 million share placement, with the issuance of the second tranche raising $1.15 million before costs. This strategic move involves issuing 92 million fully paid ordinary shares to sophisticated investors, enhancing the company’s financial position and potentially impacting its market operations positively.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources Limited has announced a change in the interest of its director, Mr. Gregory Howard Solomon, in the company’s securities. Mr. Solomon has acquired 12,000,000 incentive performance rights and 6,621,809 fully paid ordinary shares, with the latter issued to settle accrued director fees and a loan to the company. This change reflects an increase in Mr. Solomon’s indirect holdings, potentially impacting the company’s governance and shareholder dynamics.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources Ltd has announced the issuance of 120 million unlisted options, exercisable at $0.02 and expiring on June 14, 2028. These securities are part of a previously announced transaction and are not intended to be quoted on the ASX, potentially impacting the company’s financial strategies and stakeholder interests.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources Ltd has announced the issuance of 92,000,000 fully paid ordinary shares to sophisticated investors as part of a share placement, along with 15,487,709 shares to current and former directors and an advisor to settle accrued fees and liabilities. This move, executed without disclosure under Part 6D.2 of the Corporations Act, reflects the company’s efforts to strengthen its financial position and maintain compliance with regulatory requirements, potentially impacting its operational capabilities and stakeholder interests.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources Ltd has announced the quotation of 15,487,709 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of a transaction previously announced, and it signifies an expansion in the company’s market presence, potentially impacting its operational strategies and stakeholder interests.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources Ltd announced the issuance of 36,000,000 unquoted performance rights as part of an employee incentive scheme. These securities are subject to transfer restrictions and will not be quoted on the ASX until the restrictions are lifted, potentially impacting employee retention and motivation strategies.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources Ltd has announced the cessation of Guy Le Page as a director, effective November 28, 2025. The company also disclosed that Mr. Le Page holds 374,813 fully paid ordinary shares through Guy T Le Page Pty Ltd, following a share consolidation, and is set to receive 1,556,950 fully paid ordinary shares as settlement for accrued director fees, as approved by shareholders.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources Ltd has announced the appointment of Louis Varrasso as a director, effective November 29, 2025. This appointment is significant as Mr. Varrasso holds 1,210,000 fully paid ordinary shares through K-Sum Capital Pty Ltd, indicating a substantial interest in the company, which may influence its strategic direction.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources Ltd announced the results of its Annual General Meeting, where all resolutions were passed without amendment. The company has appointed Stantons International Audit and Consulting Pty Ltd as its new external auditor. Additionally, board changes were confirmed with the appointment of Mr. Louis Varrasso as a Non-Executive Director, replacing Mr. Guy Le Page who resigned to focus on other business interests.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources Ltd announced its ongoing exploration efforts in South Australia, highlighting its projects at Lake Torrens and Parkinson Dam, which are rich in copper, gold, and silver. The company has also strengthened its financial position with a recent capital raise and maintains a strategic investment in Eden Innovations Ltd, indicating a robust approach to enhancing its asset portfolio and market presence.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
Tasman Resources Ltd has received a report from FMG Resources Pty Ltd, a subsidiary of Fortescue Ltd, interpreting data from a Magnetotelluric survey over the Titan West and Titan East prospects. The survey has identified a significant conductive body at Titan West, which may indicate sulfide-rich lithologies. As a result, Fortescue plans to conduct a drill program in 2026 to further explore the potential of the Titan West prospect, which could have implications for the company’s operations and its positioning within the mineral exploration industry.
Tasman Resources Ltd has requested a trading halt on its securities pending an announcement regarding an exploration update at its Lake Torrens IOCG project. The halt is expected to last until the announcement is made or until normal trading resumes on November 13, 2025, which could have implications for the company’s operations and market positioning.
Eden Innovations Ltd announced it has secured firm commitments to raise approximately $4.35 million through a placement of shortfall securities from its recent entitlement offer. The placement was led by Oakley Capital Partners and co-managed by Peak Asset Management, with significant support from new professional investors. Tasman Resources Ltd, Eden’s major shareholder, plans to invest $250,000 in the placement, subject to shareholder approval. The funds will be used for the marketing and commercialization of Eden’s products, EdenCrete® and OptiBlend®, in the USA and globally. This capital raising, along with the sale of its Georgia property, is a significant step towards completing Eden’s financial restructuring.
Tasman Resources has completed the sale of its Georgia property for US$5 million, significantly higher than its purchase price in 2018. The proceeds were used to reduce the company’s iBorrow loan by 69% and supplement working capital, marking a substantial step in its financial restructuring. The company has also reduced its overall debt by approximately 70% through loan repayments and share-for-debt conversions, positioning itself for a stronger financial future.
Tasman Resources Ltd reported on its activities for the quarter ending September 30, 2025, highlighting progress in the Lake Torrens IOCG Project, where it holds a 49% stake in a joint venture with Fortescue Ltd. During the quarter, Fortescue completed a significant Magnetotelluric (MT) survey over the Titan and Bill’s Lookout prospect areas, achieving 179 out of 185 planned MT stations. This survey aims to investigate the electromagnetic properties and dimensionality of the basement geology, potentially enhancing the understanding of the mineral systems in the area.
Tasman Resources Ltd has announced its upcoming Annual General Meeting, scheduled to take place on November 28, 2025, at its Perth office. Shareholders are encouraged to access the Notice of Meeting and related documents online, as hard copies will not be distributed unless previously requested. The company has provided detailed instructions for lodging proxy votes online, ensuring shareholders can participate in the meeting effectively. This announcement underscores Tasman Resources’ commitment to maintaining transparent communication with its stakeholders and adapting to digital processes in compliance with legislative changes.