Tungsten Mining NL (TGN) AI Stock Analysis

• Market Cap: AU$67.15M
• Dividend Yield: N/A
• Average Volume (3M): 528.85K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.25
• Revenue Growth: N/A
• EPS Growth: -43.08%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 932,638,200
• 10 Day Avg. Volume: 799,502
• 30 Day Avg. Volume: 528,852
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 43 Neutral
• Price Target: AU$0.00 ▼(-100.00% Downside)

Tungsten Mining NL's overall stock score is primarily influenced by its financial performance and technical analysis. Despite strong revenue growth, significant profitability and cash flow challenges weigh heavily on the score. The technical indicators suggest a bearish trend, and the negative P/E ratio highlights valuation concerns.

Tungsten Mining NL Business Overview & Revenue Model

Company Description

Tungsten Mining NL, a resources company, engages in the exploration, evaluation, and development of mineral projects in Australia. The company also explores for tungsten, molybdenum, gold, silver, bismuth, and fluorite deposits. It holds interest in the Mt Mulgine project located in the Murchison region of Western Australia. The company also owns interests in the Hatches Creek project consists of two exploration licenses covering 31.4 square kilometers situated in the Northern Territory of Australia; the Watershed project located in the North Queensland; the Big Hill project situated in the Eastern Pilbara; and the Kilba project located in the Ashburton region. Tungsten Mining NL was incorporated in 2011 and is based in West Perth, Australia.

How the Company Makes Money

Tungsten Mining NL generates revenue primarily through the sale of tungsten concentrate, which is produced from its mining operations. The company has established key revenue streams from its mining projects, with a focus on developing economically viable tungsten deposits. Their revenue model is based on extracting tungsten ore from the ground, processing it into a saleable concentrate, and selling this product to industrial customers and markets. Additionally, TGN may engage in strategic partnerships or joint ventures to enhance its operational capabilities and expand its market reach, which can further contribute to its earnings.

Tungsten Mining NL Financial Statement Overview

Summary

Tungsten Mining NL shows concerning financial performance with consistent losses and negative cash flows despite recent revenue growth. The balance sheet is strong with low leverage, but reliance on cash reserves poses sustainability risks.

Income Statement

Tungsten Mining NL has shown significant revenue growth from virtually zero revenue in previous years to AUD 4,230 in 2024. However, the company remains unprofitable, with negative EBIT and a net loss, indicating substantial operational and financial challenges. The gross profit margin is positive, but the net profit margin is negative due to high expenses relative to revenue.

Balance Sheet

The balance sheet reflects a strong equity base with total liabilities significantly lower than equity, indicating low leverage and potential financial stability. However, the negative net debt suggests the company is heavily reliant on its cash reserves. The debt-to-equity ratio is low, and the equity ratio is high, showing a conservative capital structure, but persistent losses may erode shareholder equity over time.

Cash Flow

Operating cash flows are negative, highlighting challenges in generating cash from operations. The free cash flow is also negative, showing the company is not currently self-sustainable. The lack of positive cash flow growth suggests ongoing liquidity challenges, mitigated slightly by available cash reserves.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	25.60K	106.62K	4.23K	0.00	20.79K	143.47K
Gross Profit	-457.76K	106.62K	-992.79K	-433.42K	-267.75K	-133.81K
EBITDA	-5.71M	-5.53M	-4.74M	-3.28M	-5.22M	-4.85M
Net Income	-6.53M	-7.82M	-5.11M	-2.93M	-5.09M	-4.72M
Balance Sheet
Total Assets	45.07M	42.90M	29.85M	35.06M	36.99M	42.87M
Cash, Cash Equivalents and Short-Term Investments	4.22M	2.74M	8.31M	12.64M	14.88M	19.59M
Total Debt	4.64M	4.56M	641.11K	822.26K	412.15K	656.34K
Total Liabilities	13.19M	14.33M	2.48M	2.58M	1.56M	2.36M
Stockholders Equity	31.89M	28.56M	27.38M	32.49M	35.42M	40.51M
Cash Flow
Free Cash Flow	-9.14M	-9.35M	-4.06M	-1.93M	-4.74M	-4.21M
Operating Cash Flow	-5.29M	-5.53M	-4.02M	-1.91M	-4.60M	-4.14M
Investing Cash Flow	-4.18M	-3.81M	-42.48K	-15.47K	444.78K	59.39K
Financing Cash Flow	4.28M	3.80M	-268.21K	-303.85K	-292.43K	468.11K

Tungsten Mining NL Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TGN, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.08, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.13 is Neutral, neither overbought nor oversold. The STOCH value of 4.48 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TGN.

Tungsten Mining NL Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MSV	51 Neutral	AU$64.65M	132.00	0.85%	13.79%	-16.97%	-94.15%
E25	47 Neutral	AU$86.10M	―	-10.46%	―	-85.84%	73.66%
TGN	43 Neutral	AU$67.15M	―	-27.95%	―	―	-43.08%
CZR	43 Neutral	AU$64.24M	4.38	-103.22%	―	―	-278.88%
MTH	41 Neutral	AU$113.87M	―	-5.14%	―	―	54.26%
HAS	33 Underperform	AU$83.63M	―	-116.31%	―	―	-414.88%

Tungsten Mining NL Corporate Events

Tungsten Mining NL Advances Key Projects with New Developments

Tungsten Mining NL’s recent quarterly report highlights ongoing developments at its Mt Mulgine and Hatches Creek projects. At Mt Mulgine, the company is advancing environmental approvals and conducting metallurgical testwork to explore gold recovery potential. Meanwhile, at Hatches Creek, a completed drilling program has confirmed significant tungsten mineralization, and a maiden Mineral Resource Estimate is underway. These developments are pivotal in advancing the company’s projects and exploring early production pathways, marking significant steps in unlocking value and guiding future exploration and development activities.

Tungsten Mining NL Shifts Focus to Strategic Projects

Tungsten Mining NL has decided to discontinue activities on its Big Hill and Kilba Projects following a strategic review, surrendering the associated tenements. This move aligns with the company’s focus on its Mt Mulgine, Hatches Creek, and Watershed Projects, aiming to prioritize resources and strategic objectives. The decision involves writing off the carrying amount of $1.159 million for these projects, impacting the company’s mineral resource estimates.

Tungsten Mining NL Advances Hatches Creek Project Towards Early Production

Tungsten Mining NL is advancing its Hatches Creek Tungsten Project with significant progress in obtaining necessary mining approvals and preparing for potential early-stage production. The company has submitted key applications for environmental and mining licenses and is conducting a Mineral Resource Estimate following a successful drilling program. This estimate will help determine the feasibility of early production, with the project’s high-grade tungsten prospects and additional copper mineralization offering potential value in the favorable market conditions.

Tungsten Mining NL Releases Half-Year Financial Report

Tungsten Mining NL has released its half-year financial report for the period ending December 31, 2024. The report includes key financial statements such as the consolidated statement of profit or loss, financial position, changes in equity, and cash flows. This release provides stakeholders with insights into the company’s financial health and operational performance over the past six months.

Tungsten Mining NL to Quote New Shares on ASX

Tungsten Mining NL announced the quotation of 4,545,453 fully paid ordinary shares on the ASX, following the exercise of options or conversion of other securities. This move is expected to enhance the company’s capital structure and potentially improve its market position by increasing liquidity and shareholder value.