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Tungsten Mining NL
(Sydney:TGN)
Tungsten Mining NL (TGN) vs. iShares MSCI Australia ETF (EWA)
Tungsten Mining NL Business Overview & Revenue Model
Tungsten Mining NL Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 106.62K | 106.62K | 4.23K | 0.00 | 20.79K | 143.47K |
| Gross Profit | -376.75K | 106.62K | -992.79K | -433.42K | -267.75K | -133.81K |
| EBITDA | -5.53M | -5.53M | -4.74M | -3.28M | -5.22M | -4.85M |
| Net Income | -7.82M | -7.82M | -5.11M | -2.93M | -5.09M | -4.72M |
Balance Sheet | ||||||
| Total Assets | 42.90M | 42.90M | 29.85M | 35.06M | 36.99M | 42.87M |
| Cash, Cash Equivalents and Short-Term Investments | 2.74M | 2.74M | 8.31M | 12.64M | 14.88M | 19.59M |
| Total Debt | 4.56M | 4.56M | 641.11K | 822.26K | 412.15K | 656.34K |
| Total Liabilities | 14.33M | 14.33M | 2.48M | 2.58M | 1.56M | 2.36M |
| Stockholders Equity | 28.56M | 28.56M | 27.38M | 32.49M | 35.42M | 40.51M |
Cash Flow | ||||||
| Free Cash Flow | -9.35M | -9.35M | -4.06M | -1.93M | -4.74M | -4.21M |
| Operating Cash Flow | -5.53M | -5.53M | -4.02M | -1.91M | -4.60M | -4.14M |
| Investing Cash Flow | -3.81M | -3.81M | -42.48K | -15.47K | 444.78K | 59.39K |
| Financing Cash Flow | 3.80M | 3.80M | -268.21K | -303.85K | -292.43K | 468.11K |
Tungsten Mining NL Technical Analysis
Tungsten Mining NL 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% | |
58 Neutral | AU$166.42M | ― | -27.95% | ― | ― | -43.08% | |
48 Neutral | AU$68.89M | 130.00 | 0.85% | ― | -16.97% | -94.15% | |
44 Neutral | AU$80.89M | -11.73 | -10.46% | ― | -85.84% | 73.66% | |
43 Neutral | AU$93.01M | ― | -103.22% | ― | ― | -278.88% | |
41 Neutral | AU$93.93M | -16.40 | ― | ― | ― | 54.26% | |
33 Underperform | AU$127.66M | -0.48 | -116.31% | ― | ― | -414.88% |
Tungsten Mining NL Corporate Events
Tungsten Mining NL announced an investor webinar to present the results of the Mt Mulgine Scoping Study, which outlines the development pathway for this critical minerals project. The webinar will cover project scale, production metrics, indicative economics, and next-phase work programs, providing stakeholders with insights into the company’s strategic positioning and potential impacts on its operations.
Tungsten Mining NL has released a scoping study for its Mt Mulgine Project in Western Australia, highlighting its potential as a globally significant critical minerals project. The study indicates the project’s viability, but further exploration and funding are needed to confirm economic development. The company faces uncertainties in securing the required pre-production funding, which could impact the project’s progression and shareholder value.
Tungsten Mining NL has announced the results of the Scoping Study for its Mt Mulgine Project, which highlights the project’s global significance as a potential long-term, low-cost producer of tungsten and molybdenum. The study supports an accelerated approach to production and provides a foundation for a Pre-Feasibility Study. The project is positioned to benefit from record high tungsten prices, with a large mineral resource base and potential for expansion. The company plans to complete the Pre-Feasibility Study by Q2 2026, followed by a Definitive Feasibility Study in H2 2027.
Tungsten Mining NL has updated its strategy for the Mt Mulgine project by identifying new gold exploration targets at the Mulgine Trench, Allentown, and Monza prospects. These new targets are expected to enhance the company’s tungsten development pathway and contribute to the upcoming scoping study. The announcement highlights the potential for significant gold mineralization, which could add value to the company’s operations and strengthen its position in the mining industry.
Tungsten Mining NL has reported significant progress in its Mt Mulgine Project, with an updated strategy to integrate gold extraction to support long-term tungsten development. The company has commenced an integrated scoping study to assess the viability of a gold-focused start-up operation, with results expected in November 2025. Additionally, Tungsten Mining has raised $9.5 million through a share placement and is in the process of listing on the U.S. OTCQB Market, aiming to enhance its market presence and stakeholder value amid rising gold and tungsten prices.
Tungsten Mining NL has announced its Annual General Meeting, scheduled for November 28, 2025, in Perth. Shareholders are encouraged to participate either in person or by proxy, with voting instructions required by November 26, 2025. The company emphasizes the importance of the meeting and advises shareholders to consult professional advisors if needed.
Tungsten Mining NL announced the issuance of 107,481,915 new fully paid ordinary shares to professional and sophisticated investors as part of a placement. This move is part of a larger issuance plan, with the remaining shares having been issued earlier in October. The company has complied with relevant provisions of the Corporations Act and has no undisclosed information. This strategic share placement is expected to strengthen Tungsten Mining’s financial position, aiding its ambition to solidify its presence in the global tungsten market.
Tungsten Mining NL has announced the quotation of 107,481,915 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective October 27, 2025. This move is part of a previously announced transaction and is expected to enhance the company’s capital structure, potentially impacting its market positioning and stakeholder interests positively.
Tungsten Mining NL has identified new gold exploration targets at its Mt Mulgine project, strengthening its tungsten development strategy. The company has defined exploration targets at the Mulgine Trench, Allentown, and Monza prospects, adding to the existing gold Mineral Resource Estimate. This expansion of gold potential is expected to provide greater flexibility in the company’s forthcoming scoping study, potentially enhancing the overall value of the Mt Mulgine project.
Tungsten Mining NL has released a presentation highlighting its operations and strategic focus on addressing global critical mineral challenges through its tungsten projects. The company emphasizes its commitment to advancing its mining operations while acknowledging the inherent risks and uncertainties associated with the industry, including regulatory approvals and market fluctuations. Stakeholders are advised to consider these factors carefully, as the company’s forward-looking statements are subject to various external influences.
Tungsten Mining NL has issued 34,178,470 new fully paid ordinary shares to professional and sophisticated investors as part of a placement announced on 30 September 2025. This issuance is part of a larger placement totaling 141,660,385 shares, with the remaining shares to be issued upon receipt of outstanding subscription funds. The company has complied with relevant provisions of the Corporations Act and has no excluded information requiring disclosure, as confirmed in their cleansing notice.
Tungsten Mining NL has initiated the process to list on the U.S. OTCQB Market, driven by strong interest from North American investors. This move aligns with global efforts to secure critical mineral supply chains, with tungsten being crucial for defense, aerospace, and clean energy technologies. The dual listing will provide U.S. investors direct access to the company, supporting its growth trajectory and aligning with U.S. policy on supply diversification.
Tungsten Mining NL has announced the quotation of 34,178,470 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 7, 2025. This move is part of a previously announced transaction, potentially enhancing the company’s liquidity and market presence, and providing stakeholders with increased opportunities for investment.
Tungsten Mining NL has announced an updated Indicated and Inferred Mineral Resource Estimate for gold at its Mt. Mulgine Project, totaling 1.9 million tonnes at 1.10 g/t Au for 67,500 ounces. This development strengthens the company’s integrated gold-tungsten strategy, aiming to optimize near-term gold revenue to support the larger-scale tungsten development. The announcement highlights the potential for significant economic benefits from current high gold and tungsten prices, positioning the company to capture long-term value in the global tungsten market.
Tungsten Mining NL announced a proposed issue of 141,660,385 ordinary fully paid securities, with the issuance date set for October 7, 2025. This move is part of the company’s strategy to raise capital, potentially impacting its operational capacity and market positioning within the tungsten industry.
Tungsten Mining NL has successfully raised $9.5 million through a share placement to support its Mt Mulgine gold-tungsten strategy. The funds will be used for metallurgical testwork, engineering, project development, resource modeling, mine planning, and general working capital. This capital raising positions the company well to advance its significant tungsten resources and reinforces its strategy of contributing to global critical minerals supply.
Tungsten Mining NL has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting its commitment to transparency and accountability in its operations. This disclosure is crucial for stakeholders as it reinforces the company’s dedication to maintaining high governance standards, potentially impacting its reputation and investor confidence positively.
Tungsten Mining NL has released its 2025 Annual Report, detailing its operational and financial performance over the past year. The report includes a comprehensive overview of the company’s mining tenements, mineral resources, and ore reserves, as well as financial statements and directors’ reports. This annual report provides stakeholders with insights into the company’s current position and future prospects, highlighting potential risks and opportunities within the mining industry.
Tungsten Mining NL has requested a trading halt on its securities pending an announcement regarding a capital raising. This decision is intended to facilitate an orderly process for the capital raising, with the halt remaining until either the announcement is made or normal trading resumes on September 30, 2025.
Tungsten Mining NL has completed a review of historic drilling at the Camp pits within the Mt Mulgine Project, confirming significant shallow gold mineralisation. This discovery supports the company’s strategy to integrate gold production with tungsten development, aiming to generate early cash flow and unlock long-term value. The review highlights the potential for new zones of mineralisation at depth, which could enhance the project’s strategic importance and benefit stakeholders.