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Tungsten Mining NL (AU:TGN)
:TGN
Australian Market
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Tungsten Mining NL (TGN) AI Stock Analysis

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AU:TGN

Tungsten Mining NL

(Sydney:TGN)

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Neutral 52 (OpenAI - 4o)
Rating:52Neutral
Price Target:
AU$0.00
▼(-100.00% Downside)
The overall stock score is primarily influenced by the company's strong revenue growth and positive technical indicators. However, significant challenges in profitability and cash flow, along with a negative valuation, weigh heavily on the score.

Tungsten Mining NL (TGN) vs. iShares MSCI Australia ETF (EWA)

Tungsten Mining NL Business Overview & Revenue Model

Company DescriptionTungsten Mining NL (TGN) is an Australian-based mining company focused on the exploration, development, and production of tungsten resources. Operating primarily in the mining sector, TGN is engaged in various stages of tungsten production, including project development and mineral exploration. The company aims to capitalize on the growing demand for tungsten in various industrial applications, including aerospace, electronics, and manufacturing.
How the Company Makes MoneyTungsten 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
45
Neutral
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
55
Neutral
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
40
Negative
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.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue25.60K106.62K4.23K0.0020.79K143.47K
Gross Profit-457.76K106.62K-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 Assets45.07M42.90M29.85M35.06M36.99M42.87M
Cash, Cash Equivalents and Short-Term Investments4.22M2.74M8.31M12.64M14.88M19.59M
Total Debt4.64M4.56M641.11K822.26K412.15K656.34K
Total Liabilities13.19M14.33M2.48M2.58M1.56M2.36M
Stockholders Equity31.89M28.56M27.38M32.49M35.42M40.51M
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-15.47K444.78K59.39K
Financing Cash Flow4.28M3.80M-268.21K-303.85K-292.43K468.11K

Tungsten Mining NL Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.10
Price Trends
50DMA
0.08
Positive
100DMA
0.08
Positive
200DMA
0.08
Positive
Market Momentum
MACD
<0.01
Negative
RSI
60.77
Neutral
STOCH
44.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TGN, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.08, and above the 200-day MA of 0.08, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.77 is Neutral, neither overbought nor oversold. The STOCH value of 44.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TGN.

Tungsten Mining NL Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$10.43B7.12-0.05%2.87%2.86%-36.73%
AU$101.93M-27.95%-43.08%
AU$69.95M132.000.85%-16.97%-94.15%
AU$103.32M-15.00-10.46%-85.84%73.66%
AU$77.51M-103.22%-278.88%
AU$93.66M-16.4054.26%
AU$149.49M-116.31%-414.88%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:TGN
Tungsten Mining NL
0.10
0.05
100.00%
AU:MTH
Mithril Resources Ltd
0.50
-0.02
-3.85%
AU:MSV
Mitchell Services Limited
0.34
-0.02
-5.56%
AU:E25
Element 25 Limited
0.34
0.05
17.24%
AU:HAS
Hastings Technology Metals Limited
0.62
0.35
129.63%
AU:CZR
CZR Resources Ltd
0.34
0.09
36.00%

Tungsten Mining NL Corporate Events

Tungsten Mining NL Announces Annual General Meeting for November 2025
Oct 28, 2025

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 Issues New Shares to Bolster Market Position
Oct 27, 2025

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 Announces Quotation of New Securities on ASX
Oct 27, 2025

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 Expands Gold Exploration at Mt Mulgine
Oct 26, 2025

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’s Strategic Focus on Critical Minerals
Oct 13, 2025

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 Advances Share Placement to Bolster Tungsten Projects
Oct 13, 2025

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 Pursues U.S. OTCQB Listing Amid North American Interest
Oct 13, 2025

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 Announces Quotation of New Securities
Oct 7, 2025

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 Strengthens Gold-Tungsten Strategy with New Resource Estimate
Oct 5, 2025

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 Announces Proposed Securities Issue
Sep 30, 2025

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 Secures $9.5M to Boost Mt Mulgine Project
Sep 30, 2025

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 Releases 2025 Corporate Governance Statement
Sep 26, 2025

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 Releases 2025 Annual Report
Sep 26, 2025

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 Initiates Trading Halt for Capital Raising
Sep 26, 2025

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 Confirms Significant Gold Mineralisation at Mt Mulgine
Aug 27, 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.

Tungsten Mining NL Advances Strategic Projects Amid Rising Tungsten Demand
Jul 31, 2025

Tungsten Mining NL is advancing its Mt Mulgine Project by integrating a near-term gold extraction strategy to support long-term tungsten development, potentially reducing costs and capital requirements. The company also completed a maiden inferred mineral resource estimate for its Hatches Creek Project, highlighting its strategic value amid rising tungsten prices and global supply constraints.

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.Date of analysis: Oct 28, 2025