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Tennant Minerals
(Sydney:TMS)
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Rating:47Neutral
Price Target:
AU$0.01
â–²(10.00% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily constrained by weak financial performance—no revenue, ongoing losses, and continued cash burn—despite the benefit of zero reported debt and improved equity strength. Valuation is also pressured by negative earnings (negative P/E) and no dividend yield data, while technical positioning cannot be meaningfully assessed due to missing indicators.
Positive Factors
Balance sheet strength
Zero reported debt combined with a materially larger equity base reduces financial leverage and lowers short-term solvency risk. That structural strength gives management flexibility to fund exploration cycles, pursue farm-outs or JV partners, and absorb delays without immediate distress.
Negative Factors
No reported revenue
Absence of operating revenue means the business has no validated margin or commercial cashflow; value is entirely contingent on exploration success or asset transactions. That elongates the path to self‑sustaining cashflow and heightens execution and discovery risk for investors.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Zero reported debt combined with a materially larger equity base reduces financial leverage and lowers short-term solvency risk. That structural strength gives management flexibility to fund exploration cycles, pursue farm-outs or JV partners, and absorb delays without immediate distress.
Read all positive factors
Tennant Minerals (TMS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.48M
Dividend YieldN/A
Average Volume (3M)1.10M
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue GrowthN/A
EPS Growth62.96%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,496,659,700
10 Day Avg. Volume1,572,868
30 Day Avg. Volume1,104,457
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.34
Price to Sales (P/S)0.00
P/FCF Ratio-4.48
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
Tennant Minerals Business Overview & Revenue Model
Company Description
Tennant Minerals Limited specializes in the prospecting, development, and extraction of mineral resources. A significant holding for the firm is its entirely owned Barkly gold-copper project, located in Australia's Northern Territory, which encomp...
How the Company Makes Money
TMS is an exploration-stage company. Publicly available information confirming recurring operating revenue from mineral production or established commercial services is null. As a result, the company’s economic model is primarily value creation th...
Tennant Minerals Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.85M | -1.43M | -3.92M | -5.03M | -2.68M | -2.79M |
| Net Income | -1.85M | -1.43M | -3.92K | -5.03M | -2.68M | -2.78M |
Balance Sheet | ||||||
| Total Assets | 13.77M | 14.30M | 4.68M | 4.68M | 4.86M | 1.50M |
| Cash, Cash Equivalents and Short-Term Investments | 548.33K | 1.18M | 4.47M | 4.37M | 4.71M | 1.46M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 183.05K | 299.10K | 505.76K | 1.20M | 970.50K | 136.67K |
| Stockholders Equity | 13.59M | 14.01M | 4.18M | 3.49M | 3.89M | 1.36M |
Cash Flow | ||||||
| Free Cash Flow | -1.86M | -1.08M | -4.51M | -4.96M | -1.89M | -979.02K |
| Operating Cash Flow | -1.58M | -1.08M | -4.51M | -4.96M | -1.89M | -979.02K |
| Investing Cash Flow | 1.06M | -2.69M | -3.67M | 0.00 | 0.00 | 2.96K |
| Financing Cash Flow | 542.51K | 482.82K | 4.61M | 4.63M | 5.14M | 2.42M |
Tennant Minerals 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% | |
47 Neutral | AU$10.48M | -70.00 | -13.39% | ― | ― | 62.96% | |
44 Neutral | AU$6.25M | -5.00 | -12.43% | ― | ― | 61.62% | |
43 Neutral | AU$2.88M | -0.45 | -72.11% | ― | -100.00% | -214.43% | |
43 Neutral | AU$5.04M | -0.50 | -327.17% | ― | ― | -179.17% | |
42 Neutral | AU$9.33M | -3.93 | -148.81% | ― | ― | 72.56% |
* Basic Materials Sector Average
AU:TMS
Tennant Minerals
0.01
<0.01
10.00%
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Tennant Minerals Corporate Events
Tennant Minerals Extends High-Grade Bluebird Zone and Secures $2.8m for Drilling
Jul 30, 2026
Tennant Minerals reported quarterly progress centred on its Bluebird high-grade copper-gold-bismuth discovery in the Barkly Project, where first-quarter diamond drilling successfully targeted extensions of known mineralised zones and potential lin...
Tennant Minerals Seeks ASX Quotation for 235 Million Long-Dated Options
Jul 29, 2026
Tennant Minerals Limited has applied for quotation of 235,000,000 new options on the ASX, under the security code TMSOB and expiring on June 30, 2030. The application, lodged as an Appendix 2A, formalises the move to have these options traded on t...
Tennant Minerals Updates ASX Filing on Proposed Securities Issue
Jul 10, 2026
Tennant Minerals Limited, a resources-sector company listed on the ASX under ticker TMS, is engaged in mineral exploration and development and finances its operations via capital raisings in the equity market. The company adheres to Australian cor...
Tennant Minerals Updates ASX on Proposed Securities Issue
Jul 10, 2026
Tennant Minerals Limited has lodged an updated Appendix 3B with the ASX, detailing a proposed issue of securities via a placement or other equity mechanism. The update follows a prospectus lodged earlier in May 2026 and complies with Section 723(3...
Tennant Minerals lodges prospectus for large speculative options offer
Jul 9, 2026
Tennant Minerals Limited has lodged a transaction-specific prospectus dated 9 July 2026 with ASIC to support a series of option offers tied to a recent share placement, a lead manager allocation and a separate options placement. The document outli...
Tennant Minerals Keeps Audit Partner as Firm Rebrands to Horizon Nexus
Jul 8, 2026
Tennant Minerals Limited has announced that its external auditor’s name has changed from Nexia Perth Audit Services Pty Ltd to Horizon Nexus (WA) Audit Pty Ltd, effective 1 July 2026. The change follows Nexia’s integration into the eme...
Tennant Minerals Secures Shareholder Approval for Capital Raising Resolutions
Jul 7, 2026
Tennant Minerals Limited reported that all resolutions put to shareholders at its 7 July 2026 general meeting were approved by poll with the required majorities. The items included ratification of prior security issues and approvals for new securi...
Tennant Minerals Corrects Options Expiry in Amended Appendix 3B
Jun 9, 2026
Tennant Minerals has issued an amended Appendix 3B to correct an error in the description of proposed options in a recent securities filing. The original document incorrectly stated that the options would expire on 30 June 2026, while the correcte...
Tennant Minerals Plans Issue of 300 Million Listed Options for Potential Capital Raise
Jun 8, 2026
Tennant Minerals has lodged details of a proposed new issue of securities with the ASX, outlining plans to create a new class of listed options. The company intends to issue up to 300 million options with an exercise price of A$0.013 and an expiry...
Tennant Minerals Plans Major Issue of 300 Million Listed Options
Jun 4, 2026
Tennant Minerals Limited has lodged a notice of a proposed securities issue with the ASX, outlining plans to issue up to 300,000,000 new listed options with an exercise price of $0.013 and an expiry date of 30 June 2026. The options, to be issued ...
Tennant Minerals Sets July General Meeting, Shifts to Digital Notices
Jun 4, 2026
Tennant Minerals has called a General Meeting of shareholders for 7 July 2026 in West Perth, setting 5 July 2026 as the record date to determine voting eligibility. The company is transitioning to primarily electronic distribution of its Notice of...
Tennant Minerals Raises Capital Through Large Share Placement to Sophisticated Investors
May 13, 2026
Tennant Minerals has issued 266,472,604 new fully paid ordinary shares at $0.0065 each to sophisticated and professional investors, expanding its capital base through a placement. The company confirmed the shares were issued without a prospectus u...
Tennant Minerals Seeks ASX Quotation for 266 Million New Shares
May 13, 2026
Tennant Minerals has applied to the ASX for quotation of 266,472,604 ordinary fully paid shares, with an issue date of 13 May 2026. The large block of new securities, issued under a previously announced transaction, will expand the company’s...
Tennant Minerals defends disclosure after ASX queries share price spike
May 11, 2026
Tennant Minerals has responded to an ASX price query after its share price climbed from $0.007 to an intraday high of $0.012 on 7 May 2026, accompanied by a surge in trading volume. The company stated it was not aware of any undisclosed informatio...
Tennant Minerals Confirms High-Grade Gold-Copper Zone at Bluebird After Re-Assays
May 11, 2026
Tennant Minerals has confirmed exceptional high-grade mineralisation at its Bluebird discovery after re-assaying screened fractions from diamond drill hole BBDD0050, which returned up to 47.2 grams per tonne gold, 12 percent bismuth and 9.3 percen...
Tennant Minerals Plans Major Share and Options Issue to Fund Growth
May 4, 2026
Tennant Minerals has outlined a substantial capital raising initiative through a proposed placement or similar issue of new securities on the ASX. The company plans to issue 430,769,219 new ordinary fully paid shares, an equal number of options ex...
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.