Tambourah Metals Ltd (TMB) AI Stock Analysis

• Market Cap: AU$11.08M
• Dividend Yield: N/A
• Average Volume (3M): 3.07M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.51
• Revenue Growth: N/A
• EPS Growth: 3.65%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• 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$0.04 ▼(-14.00% Downside)
• 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

Strong Revenue Growth

Sustained top-line expansion (81.7% YoY) indicates durable demand or successful commercial scaling. Over 2-6 months this supports investment in capacity, improves operating leverage potential, and gives management runway to fix unit economics if cost control follows revenue traction.

Very Low Financial Leverage

An extremely low debt burden provides structural financial flexibility, lowers fixed financial costs, and reduces refinancing risk. This conservatism allows Tambourah to absorb volatility, fund growth from internal or modest external sources, and prioritize operational fixes.

Improving Free Cash Flow

A 31% rise in free cash flow and a positive FCF-to-net-income ratio show improving cash generation despite accounting losses. Over several months this aids liquidity, funds capex or exploration, and reduces dependency on debt/equity raises while management works toward profitability.

Negative Factors

Persistent Unprofitability

Negative net margin and sharply negative ROE reflect sustained inability to translate revenue into shareholder returns. Over the medium term this erodes equity value, limits retained-earnings funding for growth, and requires meaningful margin or structural fixes to restore investor capital efficiency.

Weak Earnings-to-Cash Conversion

A negative OCF-to-net-income ratio signals poor earnings quality and difficulty converting accounting profits (or losses) into cash. Persisting for months, this raises liquidity and working capital risks, forcing reliance on external financing or asset sales to fund operations.

Negative Operating Margins

Negative EBIT/EBITDA margins show structural operating inefficiency or high fixed/variable costs relative to sales. Even with revenue growth, sustained negative operating margins threaten long-term profitability unless management materially reduces costs or improves pricing/mix.

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

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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	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	268.62K	482.03K	154.22K	166.32K	3.85K	0.00
Gross Profit	241.48K	482.03K	98.24K	142.41K	3.32K	0.00
EBITDA	-1.17M	-289.92K	-914.62K	-576.84K	-469.73K	255.66K
Net Income	-4.59M	-2.86M	-2.31M	-603.94K	-470.26K	-1.33K
Balance Sheet
Total Assets	11.56M	7.58M	8.45M	7.95M	7.85M	846.00K
Cash, Cash Equivalents and Short-Term Investments	5.96M	1.90M	2.37M	2.62M	4.85M	74.73K
Total Debt	119.53K	146.12K	89.91K	140.79K	0.00	150.00K
Total Liabilities	359.91K	459.08K	303.23K	683.54K	166.22K	417.17K
Stockholders Equity	11.20M	7.12M	8.14M	7.27M	7.68M	428.83K
Cash Flow
Free Cash Flow	-773.86K	-1.87M	-3.12M	-2.21M	-2.59M	-235.03K
Operating Cash Flow	-419.48K	-360.73K	-744.80K	-470.15K	-450.95K	-188.57K
Investing Cash Flow	-1.58M	-1.49M	-2.37M	-1.74M	-2.14M	-46.46K
Financing Cash Flow	5.87M	1.38M	2.87M	-23.32K	7.37M	363.14K

Tambourah Metals Ltd Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TMB, the sentiment is Negative. 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 bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 17.22 is Positive, neither overbought nor oversold. The STOCH value of 24.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$19.95M	-1.45	-130.68%	―	―	40.82%
LSR	47 Neutral	AU$23.26M	-0.32	-909.92%	―	―	62.50%
TMB	46 Neutral	AU$11.08M	-1.33	-50.11%	―	―	3.65%
A8G	46 Neutral	AU$4.57M	-2.74	-58.04%	―	-100.00%	-635.94%
MRZ	45 Neutral	AU$32.72M	-8.42	-20.90%	―	―	42.72%
RBX	43 Neutral	AU$4.72M	-2.92	-153.71%	―	―	37.65%

Tambourah Metals Ltd Corporate Events

Tambourah Metals Releases Half-Year 2025 Interim Financial Report

Tambourah Metals Ltd has released its condensed interim financial report for the half-year ended 31 December 2025, detailing its operations review, directors’ report and audited financial statements. The publication provides stakeholders with an overview of the company’s recent financial position, cash flows and changes in equity, offering updated transparency on its performance and governance over the six-month period.

The most recent analyst rating on (AU:TMB) stock is a Sell 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 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.