Tungsten Mining NL (AU:TGN)
ASX:TGN
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Tungsten Mining NL
(Sydney:TGN)
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Rating:47Neutral
Price Target:
AU$0.19
▲(6.67% Upside)
Action:Reiterated
Date:02/14/26
The score is primarily constrained by weak profitability and negative operating/free cash flows despite strong revenue growth and low leverage. Technicals are mixed but modestly supportive over the medium/long term, while valuation is unfavorable due to losses reflected in the negative P/E.
Positive Factors
Revenue Growth
Sustained 316% revenue growth indicates material demand or production scale-up in the core tungsten business. Over 2–6 months this larger revenue base can support operational leverage, funding of fixed costs and provides a platform for sustainable margin recovery if cost control follows.
Negative Factors
Weak Profitability
Deep negative margins indicate current operations destroy value and cannot sustain investment or dividends. Persisting negative EBIT/EBITDA undermines ability to self-fund growth, increases financing needs, and requires meaningful, durable margin improvement to restore long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained 316% revenue growth indicates material demand or production scale-up in the core tungsten business. Over 2–6 months this larger revenue base can support operational leverage, funding of fixed costs and provides a platform for sustainable margin recovery if cost control follows.
Read all positive factors
Tungsten Mining NL (TGN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$286.25M
Dividend YieldN/A
Average Volume (3M)1.64M
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue GrowthN/A
EPS Growth1.22%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,396,340,200
10 Day Avg. Volume1,614,158
30 Day Avg. Volume1,644,013
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)1.98
Price to Sales (P/S)530.26
P/FCF Ratio-6.05
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)AU$1.00M
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 ...
How the Company Makes Money
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Tungsten Mining NL Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 84.37K | 106.62K | 4.23K | 0.00 | 20.79K | 143.47K |
| Gross Profit | -6.13K | 106.62K | -992.79K | -433.42K | -267.75K | -133.81K |
| EBITDA | -5.04M | -5.53M | -4.74M | -3.28M | -5.22M | -4.85M |
| Net Income | -7.56M | -7.82M | -5.11M | -2.93M | -5.09M | -4.72M |
Balance Sheet | ||||||
| Total Assets | 47.73M | 42.90M | 29.85M | 35.06M | 36.99M | 42.87M |
| Cash, Cash Equivalents and Short-Term Investments | 7.66M | 2.74M | 8.31M | 12.64M | 14.88M | 19.59M |
| Total Debt | 751.01K | 4.56M | 641.11K | 822.26K | 412.15K | 656.34K |
| Total Liabilities | 9.77M | 14.33M | 2.48M | 2.58M | 1.56M | 2.36M |
| Stockholders Equity | 37.96M | 28.56M | 27.38M | 32.49M | 35.42M | 40.51M |
Cash Flow | ||||||
| Free Cash Flow | -4.88M | -9.35M | -4.06M | -1.93M | -4.74M | -4.21M |
| Operating Cash Flow | -4.87M | -5.53M | -4.02M | -1.91M | -4.60M | -4.14M |
| Investing Cash Flow | 310.83K | -3.81M | -42.48K | -15.47K | 444.78K | 59.39K |
| Financing Cash Flow | 8.00M | 3.80M | -268.21K | -303.85K | -292.43K | 468.11K |
Tungsten Mining NL Technical Analysis
Negative
0.18
Price Trends
0.25
Negative
0.25
Negative
0.19
Positive
Market Momentum
-0.02
Positive
30.37
Neutral
3.92
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 0.18 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.25, and below the 200-day MA of 0.19, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 30.37 is Neutral, neither overbought nor oversold. The STOCH value of 3.92 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
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$99.62M | 2.16 | 13.72% | ― | -6.93% | 96.28% | |
47 Neutral | AU$286.25M | -13.41 | -22.74% | ― | ― | 1.22% | |
47 Neutral | AU$87.97M | -11.27 | -9.03% | ― | -78.48% | 52.16% | |
46 Neutral | AU$53.42M | -14.50 | -4.25% | ― | ― | ― | |
45 Neutral | AU$95.64M | -12.92 | -67.75% | ― | ― | 69.69% | |
43 Neutral | AU$59.86M | 0.45 | 142.67% | ― | ― | ― |
* Basic Materials Sector Average
AU:TGN
Tungsten Mining NL
0.20
0.12
167.12%
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Hastings Technology Metals Limited
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AU:CZR
CZR Resources Ltd
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>-0.01
-1.96%
Tungsten Mining NL Corporate Events
Tungsten Mining Showcases Two Flagship Critical Minerals Projects to Investors
May 13, 2026
Tungsten Mining NL announced that its chairman, Gary Lyons, delivered a presentation titled “Tungsten Mining: Developing Two World-Class Critical Minerals Projects” at the NWR Communications Critical Minerals Investor Lunch. The presen...
Tungsten Mining Advances Mt Mulgine Drilling in Bid to Grow World-Scale Tungsten Resource
May 12, 2026
Tungsten Mining NL has started on-site preparation activities at its Mt Mulgine Project in Western Australia ahead of a major reverse circulation and diamond drilling campaign at the Mulgine Trench deposit. The work includes drill pad construction...
Tungsten Mining accelerates Mt Mulgine and Watershed push after $53m raise
Apr 30, 2026
Tungsten Mining NL reported a strong March quarter marked by a $53 million equity placement, which has left the company with nearly $54 million in cash and funded an accelerated work program at its Mt Mulgine and Watershed tungsten projects. Manag...
Tungsten Mining Wins Strong Shareholder Backing at Extraordinary Meeting
Apr 17, 2026
Tungsten Mining NL has confirmed that all resolutions presented to shareholders at its Extraordinary General Meeting on 17 April 2026 were approved by the required majority. Key resolutions included the ratification of previously issued placement ...
Tungsten Mining director restructures shareholdings with no change in overall stake
Apr 13, 2026
Tungsten Mining NL has reported a change in director Teck Siong Wong’s interests following an internal off‑market transfer of 4,000,000 fully paid ordinary shares. The transaction shifted Wong’s holdings from a direct stake to an...
Tungsten Mining Switches Auditor as It Prepares for U.S. Listing
Apr 8, 2026
Tungsten Mining NL has appointed Grant Thornton Audit Pty Ltd as its new auditor following the resignation of Stantons International Audit Consulting, a move that reflects regulatory and listing requirements. The board expressed appreciation for ...
Tungsten Mining to launch major drilling push at Watershed amid record tungsten prices
Apr 1, 2026
Tungsten Mining NL has outlined a major reverse circulation drilling program at its Watershed tungsten deposit, planning 175 holes for 15,000 metres starting in June 2026 to better define shallow, high-grade mineralisation. The work builds on hist...
Tungsten Mining Launches Major Drilling Push to Expand Mt Mulgine Resource
Mar 15, 2026
Tungsten Mining NL has outlined a major reverse circulation drilling campaign at the Mulgine Trench deposit within its Mt Mulgine project, comprising 140 holes for 40,000 metres starting in early May 2026. The program will test mineralisation cont...
S&P Dow Jones Revises March All Ordinaries Rebalance, Adds Tungsten Mining
Mar 10, 2026
SP Dow Jones Indices has updated its March 2026 quarterly rebalance of the All Ordinaries index, reversing earlier changes involving African Gold Limited and American Rare Earths Limited. The revised list confirms that African Gold will not be add...
Tungsten Mining Calls April General Meeting, Shifts to Digital Communications
Mar 6, 2026
Tungsten Mining NL has called a general meeting of shareholders to be held in Perth on 17 April 2026 at 9:30 a.m. local time. The company will no longer routinely mail hard copies of meeting notices, instead directing investors to access materials...
S&P Dow Jones Reveals March 2026 Overhaul of S&P/ASX Indices
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX indices, with multiple additions and removals across the SP/ASX 20, 50, 100, 200, and 300. Changes include Northern Star Resources replacing Santos in the SP/ASX 2...
Tungsten Mining Issues 28.8 Million Unquoted Performance Rights Under Staff Incentive Plan
Mar 5, 2026
Tungsten Mining NL has issued 28,800,000 unquoted performance rights under its employee incentive scheme, with the securities not to be quoted on the ASX while transfer restrictions apply. The move signals the company’s continued use of equi...
Tungsten Mining NL Issues Half-Year Financial Report for December 2025
Feb 26, 2026
Tungsten Mining NL has released its Half-Year Financial Report for the period ended 31 December 2025, outlining the company’s financial performance, position, and cash flows. The report includes the directors’ report, audited financial...
Tungsten Mining Targets U.S. Exchange Listing to Boost Critical Minerals Strategy
Feb 25, 2026
Tungsten Mining NL plans to pursue an uplisting to a major U.S. exchange, targeting either Nasdaq or the NYSE alongside its existing ASX quotation, as part of a broader corporate and capital markets strategy. The move aims to deepen engagement wit...
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.