Tambourah Metals Ltd (TMB) AI Stock Analysis

• Market Cap: AU$15.11M
• Dividend Yield: N/A
• Average Volume (3M): 3.07M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.33
• Revenue Growth: N/A
• EPS Growth: 3.65%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.02
• Shares Outstanding: 251,752,010
• 10 Day Avg. Volume: 2,503,423
• 30 Day Avg. Volume: 3,073,457
• PEG Ratio: 0.12
• Price to Book (P/B): 0.33
• Price to Sales (P/S): 4.94
• P/FCF Ratio: -1.27
• 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: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: AU$0.06 ▲(18.00% Upside)
• Action: Reiterated Date: 01/10/26
• Date: Action: Reiterated 01/10/26

The score is held back primarily by weak profitability and bearish technical signals (price below longer-term averages with negative MACD). Strong revenue growth and low leverage provide some support, but valuation is not compelling due to losses and no dividend.

Positive Factors

Revenue Growth

An 81.73% annual revenue increase shows durable top-line traction and growing market demand. If sustained over the next 2-6 months it supports scale economies and capacity investment, improving the odds of converting growth into sustained margin recovery and cash generation.

Very Low Leverage

A debt-to-equity of 0.02 provides material financial flexibility and low interest burden. In a cyclical gold industry this capital structure reduces refinancing and solvency risk, enabling the company to fund exploration or capex and endure commodity swings without urgent external funding.

Improving Free Cash Flow

Free cash flow growth of ~31% and a positive free-cash-flow-to-net-income ratio signal improving cash generation despite losses. Durable FCF improvement reduces dependence on external capital and supports reinvestment or deleveraging if the trend continues over the medium term.

Negative Factors

Persistent Unprofitability

A negative net margin and deeply negative ROE show the business is not producing shareholder returns. Persistent losses erode equity and may force dilutive capital raises or higher-cost financing, undermining long-term value creation unless profitability is restored.

Negative Operating Margins (EBIT/EBITDA)

Negative EBIT and EBITDA margins indicate core operations are unprofitable before financing costs. This points to structural cost or pricing issues; without margin expansion the company will struggle to translate revenue growth into sustainable earnings and free cash flow.

Poor Cash Conversion (OCF to Net Income)

A negative operating-cash-flow-to-net-income ratio means reported results are not converting into operating cash. Weak cash conversion pressures liquidity and increases reliance on external funding for operations and expansion, threatening the durability of growth plans.

Tambourah Metals Ltd Business Overview & Revenue Model

Company Description

Tambourah Metals Limited engages in the exploration, evaluation, and development of mineral properties in Australia. It explores for gold, lithium, nickel, and copper deposits, as well as platinum group elements. The company holds interests in the Tambourah project that consists of one granted exploration license and four granted prospecting licenses covering an area of approximately 1,520 hectares located in the Eastern Pilbara region of Western Australia; the Cheela project, which comprise two granted exploration tenements covering an area of approximately 38,158 hectares situated in the southern Pilbara region of Western Australia; and the Russian Jack project consists of four tenements covering an area of approximately 505 square kilometers located in the East Pilbara region of Western Australia. It also holds interests in the Nullagine project situated in north of the Tambourah Russian Jack project; the Achilles project comprising two granted exploration licenses covering an area of approximately 22,654 hectares located in the Northeastern Goldfields region of Western Australia; and the Julimar North project consisting of seven granted exploration license that covers an area of 60,444 hectares situated in the Wheatbelt region of Western Australia. The company was incorporated in 2020 and is based in Subiaco, Australia.

How the Company Makes Money

Tambourah Metals Ltd generates revenue primarily through the exploration and eventual extraction of mineral resources. The company conducts extensive exploration activities to identify and develop mining projects, which can lead to significant financial returns once resources are extracted and sold. Key revenue streams include the sale of mined metals, royalties from joint ventures or partnerships, and potential off-take agreements with larger mining firms. Additionally, TMB may benefit from strategic collaborations with other companies in the mining sector, leveraging shared expertise and resources to enhance profitability.

Tambourah Metals Ltd Financial Statement Overview

Summary

Strong revenue growth (81.73%) and very low leverage (debt-to-equity 0.02) support the score, but persistent losses (negative net margin and negative ROE of -40.12%) and mixed cash conversion (negative operating cash flow to net income ratio) materially weaken overall financial quality.

Income Statement

Tambourah Metals Ltd has shown significant revenue growth of 81.73% in the latest year, indicating strong top-line expansion. However, the company struggles with profitability, as evidenced by a negative net profit margin of -5.92% and negative EBIT and EBITDA margins. This suggests that despite revenue growth, the company is not yet able to convert sales into profits effectively.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.02, indicating conservative leverage and financial stability. However, the negative return on equity of -40.12% highlights inefficiencies in generating returns for shareholders. The equity ratio is healthy, suggesting a strong capital structure, but profitability remains a concern.

Cash Flow

Tambourah Metals Ltd has improved its free cash flow growth by 31.35%, indicating better cash management. However, the operating cash flow to net income ratio is negative, reflecting challenges in converting earnings into cash. The free cash flow to net income ratio is positive, suggesting some ability to generate cash relative to net losses.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	482.03K	154.22K	166.32K	3.85K	0.00
Gross Profit	482.03K	98.24K	142.41K	3.32K	0.00
EBITDA	-289.92K	-914.62K	-576.84K	-469.73K	255.66K
Net Income	-2.86M	-2.31M	-603.94K	-470.26K	-1.33K
Balance Sheet
Total Assets	7.58M	8.45M	7.95M	7.85M	846.00K
Cash, Cash Equivalents and Short-Term Investments	1.90M	2.37M	2.62M	4.85M	74.73K
Total Debt	146.12K	89.91K	140.79K	0.00	150.00K
Total Liabilities	459.08K	303.23K	683.54K	166.22K	417.17K
Stockholders Equity	7.12M	8.14M	7.27M	7.68M	428.83K
Cash Flow
Free Cash Flow	-1.87M	-3.12M	-2.21M	-2.59M	-235.03K
Operating Cash Flow	-360.73K	-744.80K	-470.15K	-450.95K	-188.57K
Investing Cash Flow	-1.49M	-2.37M	-1.74M	-2.14M	-46.46K
Financing Cash Flow	1.38M	2.87M	-23.32K	7.37M	363.14K

Tambourah Metals Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.05
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TMB, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.08 is Neutral, neither overbought nor oversold. The STOCH value of 28.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TMB.

Tambourah Metals Ltd 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%
RMX	48 Neutral	AU$25.65M	-4.66	-137.38%	―	―	40.82%
TMB	46 Neutral	AU$15.11M	-2.27	-37.42%	―	―	3.65%
A8G	46 Neutral	AU$4.92M	-1.80	-41.07%	―	-100.00%	-635.94%
MRZ	45 Neutral	AU$41.39M	-2.68	-20.35%	―	―	42.72%
RBX	43 Neutral	AU$4.72M	-1.93	-99.05%	―	―	37.65%
LSR	42 Neutral	AU$14.95M	-0.85	―	―	―	62.50%

Tambourah Metals Ltd Corporate Events

Tambourah Metals Uncovers High-Grade Gold and Critical Mineral Targets Across WA Projects

Tambourah Metals’ December quarter was marked by a series of high-grade gold intersections at its Beatty Park South prospect in the Bryah Project, where multiple aircore drilling phases extended mineralisation along strike and identified new gold zones, including supergene mineralisation coincident with geophysical and geochemical targets. Additional significant gold results were reported from diamond drilling at Tambourah King, while at the Speewah North Project the company confirmed strong antimony, silver and copper grades from surface sampling, prompting a strategic emphasis on these critical minerals and the definition of seven priority drill targets, underscoring Tambourah’s potential to expand both its gold resource base and its exposure to high-value critical mineral systems.

The most recent analyst rating on (AU:TMB) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.

Tambourah Metals to Drill New T1 Gold Target at Beatty Park South

Tambourah Metals will begin a roughly 3,000-metre aircore drilling program in early February to test the newly defined T1 gold target at its Beatty Park South project in Western Australia. The T1 anomaly, which extends about 400 metres and peaks at 90 parts per billion gold, sits over a key structural flexure identified in SAM geophysical imagery and is supported by contiguous gold-in-soil results from Ultrafine and historic auger sampling. The initial program, expected to take about a week, marks a focused follow-up on a discrete target located 200 metres west of earlier first-pass aircore drilling, with further RC and aircore programs planned for additional Beatty Park South gold targets once heritage clearances are in place.

The most recent analyst rating on (AU:TMB) stock is a Sell with a A$0.06 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.

Tambourah Metals Defines New High-Priority Gold Targets at Beatty Park South

Tambourah Metals has expanded its gold exploration potential at the Beatty Park South area within its Bryah Gold project after integrating high-resolution sub-audio magnetic (SAM) survey data with detailed ultrafine soil sampling. The company has defined two new high-priority drill targets associated with structural breaks and zones of hydrothermal alteration, including gold-in-soil anomalies of up to 70ppb and 21ppb, with drilling programs already approved under programs of work and now awaiting heritage clearance, potentially paving the way for a more aggressive drilling campaign and enhanced resource definition at the project.

The most recent analyst rating on (AU:TMB) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.

Tambourah Metals Issues New Shares Under Disclosure Exemption

Tambourah Metals Ltd has notified the ASX that it has issued 6,864 fully paid ordinary shares without a prospectus, relying on provisions under section 708A of the Corporations Act that allow share issues without formal disclosure. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and stated there is no excluded information that must be disclosed to the market, signalling that the small share issuance is being undertaken within existing regulatory and governance frameworks and without undisclosed material developments for shareholders.

The most recent analyst rating on (AU:TMB) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.

Tambourah Metals Seeks Quotation for Additional Ordinary Shares

Tambourah Metals Ltd has applied to the ASX for the quotation of 6,864 new ordinary fully paid shares, following the issue of these securities on 6 January 2026. The modest increase in quoted securities, arising from the exercise or conversion of existing instruments, slightly expands the company’s capital base but does not materially alter its market position or capital structure, representing routine equity administration rather than a major capital-raising event.

The most recent analyst rating on (AU:TMB) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.

Tambourah Metals Hits High-Grade Gold at Tambourah King as Resource Work Advances

Tambourah Metals has reported high-grade diamond drilling results from its Tambourah Gold Project, including a standout intercept of 1.31 metres at 38.4 grams per tonne gold from 82.14 metres at the Tambourah King prospect, supported by additional high-grade hits at the Alexandria and Young Australian prospects. The eight-hole, 785.4-metre program, co-funded by Western Australia’s EIS scheme, has improved the company’s understanding of the near-surface lode system and confirmed the continuity of mineralisation within the top 100 metres, allowing Tambourah to move ahead with a 1,000-metre RC infill program aimed at tightening drill spacing for an initial resource estimate at Tambourah King, though step-out holes to the south returned only minor mineralisation.

The most recent analyst rating on (AU:TMB) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.

Tambourah Metals Upgrades High-Grade Gold Intercepts at Beatty Park South

Tambourah Metals has reported re-sampling results from its October 2025 aircore drilling at the Beatty Park South gold-in-soil anomaly within the Bryah Gold Project, with 1m assays confirming and locally upgrading earlier 4m composite results, including standout intersections of 1m at 24.2g/t Au from 32m in BPAC059 and 1m at 22.9g/t Au from 4m in BPAC087. The drilling has defined a significant supergene gold anomaly extending over 330m with a high-grade core around discovery holes BPAC016 and BPAC028, and the company plans further in-fill and follow-up drilling to test potential feeder structures at depth, supported by ongoing processing of high-resolution SAM geophysical survey data and pending soil sample assays, which could refine the scale and continuity of the mineralisation and enhance the project’s exploration upside.

The most recent analyst rating on (AU:TMB) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.

Tambourah Metals Unveils Promising Gold Anomalies at Beatty Park South

Tambourah Metals Ltd has completed follow-up aircore drilling at Beatty Park South, part of its Bryah Gold Project, revealing significant gold anomalies. The drilling program, which targeted extensions of high-grade gold intersections, confirmed a complex geological framework and identified a substantial gold anomaly over 330 meters. The company plans further drilling and geophysical analysis to explore potential down-dip extensions and refine its understanding of the area’s structural setting.

The most recent analyst rating on (AU:TMB) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.

Tambourah Metals Advances Exploration at Bryah Gold Project

Tambourah Metals Ltd has made significant progress at its Bryah Gold Project, completing a high-resolution sub-audio magnetic survey and detailed soil sampling at the Beatty Park South gold prospect. These efforts, alongside new heritage agreements and pending tenement applications, aim to enhance geological understanding and support drill targeting, potentially expanding gold mineralization beyond historic production centers.

The most recent analyst rating on (AU:TMB) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.

Tambourah Metals Ltd Announces Director’s Interest Change

Tambourah Metals Ltd has announced a change in the director’s interest, specifically involving William Clayton. The change includes the acquisition of 2,000,000 options at an exercise price of $0.25, expiring on November 30, 2027, following shareholder approval at the 2025 AGM. This move indicates a strategic alignment with the company’s long-term goals and may influence investor perception positively, reflecting confidence in the company’s future prospects.

The most recent analyst rating on (AU:TMB) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.

Tambourah Metals Ltd Issues Unquoted Securities to Bolster Financial Strategy

Tambourah Metals Ltd has announced the issuance of unquoted securities in the form of unlisted options, totaling 10,500,000 units. These options are set to expire on November 30, 2027, with exercise prices of $0.25 and $0.04. This move is part of previously announced transactions, potentially impacting the company’s financial strategy and stakeholder interests by providing additional capital and investment opportunities.

The most recent analyst rating on (AU:TMB) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Tambourah Metals Ltd stock, see the AU:TMB Stock Forecast page.