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$0.27
â–²(47.78% Upside)
Action:ReiteratedDate: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, very high revenue growth indicates strong market demand and successful commercial traction. Over a multi-month horizon this supports scale benefits, strengthens negotiating leverage with suppliers/customers, and provides a foundation for margin recovery if fixed costs are absorbed.
Negative Factors
Weak Overall Profitability
Deep negative net and operating margins show the company is not converting revenue into profits. Persistently weak profitability can erode equity, require restructurings or repeated capital raises, and undermines the ability to fund organic growth or reward shareholders over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained, very high revenue growth indicates strong market demand and successful commercial traction. Over a multi-month horizon this supports scale benefits, strengthens negotiating leverage with suppliers/customers, and provides a foundation for margin recovery if fixed costs are absorbed.
Read all positive factors
Tungsten Mining NL (TGN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$383.99M
Dividend YieldN/A
Average Volume (3M)1.64M
Price to Earnings (P/E)―
Beta (1Y)-0.34
Revenue GrowthN/A
EPS Growth-43.08%
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)N/A
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
Positive
0.18
Price Trends
0.27
Positive
0.23
Positive
0.16
Positive
Market Momentum
<0.01
Negative
54.52
Neutral
61.82
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 0.18 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.27, and above the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.52 is Neutral, neither overbought nor oversold. The STOCH value of 61.82 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
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$102.80M | 2.16 | 0.85% | ― | -16.97% | -94.15% | |
47 Neutral | AU$383.99M | -13.41 | -22.74% | ― | ― | -43.08% | |
47 Neutral | AU$86.39M | -11.27 | -9.03% | ― | -85.84% | 73.66% | |
46 Neutral | AU$75.76M | -27.51 | -4.25% | ― | ― | 54.26% | |
45 Neutral | AU$107.61M | -12.92 | -67.75% | ― | ― | -414.88% | |
44 Neutral | AU$69.44M | 0.45 | 142.67% | ― | ― | -278.88% |
* Basic Materials Sector Average
AU:TGN
Tungsten Mining NL
0.28
0.19
216.09%
AU:MTH
Mithril Resources Ltd
0.41
0.08
24.24%
AU:MSV
Mitchell Services Limited
0.49
0.24
97.96%
AU:E25
Element 25 Limited
0.33
0.10
41.30%
AU:HAS
Hastings Technology Metals Limited
0.49
0.20
68.40%
AU:CZR
CZR Resources Ltd
0.29
0.02
7.41%
Tungsten Mining NL Corporate Events
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...
Tungsten Mining flags funding and risk hurdles for Mt Mulgine critical minerals project
Feb 23, 2026
Tungsten Mining NL has released an update centred on its Mt Mulgine Project in Western Australia, outlining results from a preliminary Scoping Study that evaluates the project’s potential technical and economic viability. The study is based ...
Tungsten Mining Completes Major Share Placement and Issues Cleansing Notice
Feb 9, 2026
Tungsten Mining NL has issued 278,947,369 fully paid ordinary shares to institutional, sophisticated and professional investors, completing a previously announced share placement. The company confirmed the shares were issued without a prospectus u...
Tungsten Mining Seeks ASX Quotation for 279 Million New Shares
Feb 9, 2026
Tungsten Mining NL has applied to the ASX for quotation of 278,947,369 new ordinary fully paid shares, with the securities issued on 9 February 2026. The move significantly increases the company’s quoted share base, indicating a major capita...
Tungsten Mining Raises $53m to Fast-Track Mt Mulgine and Watershed Projects
Feb 9, 2026
Tungsten Mining NL has completed a heavily oversubscribed $53 million share placement to leading Australian and international institutional and professional investors, as well as existing shareholders. The raising, priced at A$0.19 per share and s...
Tungsten Mining Fast-Tracks Evaluation of Permitted Watershed Tungsten Project
Feb 4, 2026
Tungsten Mining NL has launched a Project Economic Evaluation of its fully permitted Watershed tungsten project in Queensland to assess options for accelerating development in response to elevated tungsten prices and a deepening global supply defi...
Tungsten Mining Rides Tungsten Price Surge as Mt Mulgine Study Flags Billion-Dollar Potential
Jan 30, 2026
Tungsten Mining NL reported a highly active December 2025 quarter, underpinned by a sharp rise in ammonium paratungstate (APT) prices of about 300% over 12 months, driven by Chinese export restrictions and tightening global supply. The company com...
Tungsten Mining Plans Major Share Placement to Raise Capital
Jan 27, 2026
Tungsten Mining NL has announced a proposed placement of up to 278,947,369 fully paid ordinary shares, with an intended issue date of 9 February 2026. The substantial equity raising signals a move to bolster the company’s capital base, which...
Tungsten Mining Raises A$53m to Accelerate Australian Critical Minerals Projects
Jan 27, 2026
Tungsten Mining NL has raised A$53 million through a heavily oversubscribed share placement to institutional, sophisticated and professional investors at A$0.19 per share, a discount to its last close but in line with its recent trading average. T...
Tungsten Mining Seeks Trading Halt Ahead of Potential Capital Raising
Jan 22, 2026
Tungsten Mining NL has requested a trading halt in its securities on the ASX while it holds discussions over a potential capital raising, seeking to manage the process in an orderly fashion and ensure trading occurs on a fully informed basis. The ...
Tungsten Mining Flags Funding Hurdle for Globally Significant Mt Mulgine Critical Minerals Project
Jan 19, 2026
Tungsten Mining NL has released an update on its Mt Mulgine Project in Western Australia, describing it as a globally significant multi-critical mineral deposit and outlining outcomes from a preliminary Scoping Study. The company stresses that the...
Tungsten Mining Updates Director Interests With New Performance Rights
Jan 13, 2026
Tungsten Mining NL has announced changes in the interests of several directors, lodging multiple Appendix 3Y notices in line with ASX Listing Rule 3.19A. The filings detail updated holdings for directors including chairman Gary Lyons, whose intere...
Tungsten Mining Issues 25.4m Unquoted Performance Rights Under Incentive Scheme
Jan 12, 2026
Tungsten Mining NL has notified the market of the issue of 25.4 million unquoted performance rights under its employee incentive scheme, with the new securities not intended to be quoted on the ASX. The substantial grant of performance rights is d...
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.