Terrain Minerals Ltd (AU:TMX)
ASX:TMX
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Terrain Minerals Ltd
(Sydney:TMX)
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Rating:47Neutral
Price Target:―
Action:ReiteratedDate:12/30/25
The score is primarily held down by weak financial performance: no revenue, ongoing losses, and persistent (and recently worsening) cash burn that implies continued reliance on external funding. This is partially offset by low balance-sheet leverage and improved equity in the latest year. Technical and valuation inputs were unavailable in the provided data, limiting confidence in those components.
Positive Factors
Balance Sheet Health
A strong balance sheet with minimal debt and increased equity enhances financial stability and reduces solvency risk, supporting long-term operations.
Negative Factors
Cash Burn
Sustained cash outflows indicate ongoing funding needs, which can strain financial resources and limit operational flexibility over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Health
A strong balance sheet with minimal debt and increased equity enhances financial stability and reduces solvency risk, supporting long-term operations.
Read all positive factors
Terrain Minerals Ltd (TMX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$16.68M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)1.61
Revenue GrowthN/A
EPS Growth18.18%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.00
Shares Outstanding3,335,828,100
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.76
Price to Sales (P/S)0.00
P/FCF Ratio-3.89
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
Terrain Minerals Ltd Business Overview & Revenue Model
Company Description
Terrain Minerals Limited engages in the exploration of gold, base metals, and other mineral resources in Australia. The company holds 100% interests in the Wild Viper gold exploration project located to the north of Leonora; and the Lort River pro...
How the Company Makes Money
Terrain Minerals Ltd generates revenue primarily through the exploration and potential sale or development of mineral resources. The company seeks to increase its value by discovering economically viable mineral deposits, which can then be sold, d...
Terrain Minerals Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
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 | -954.00 | -472.00 | -13.00 | -1.91K | -11.48K | -11.42K |
| EBITDA | -1.72M | -1.71M | -904.10K | -1.02M | -566.98K | -611.40K |
| Net Income | -1.73M | -1.71M | -1.52M | -1.02M | -578.46K | -622.82K |
Balance Sheet | ||||||
| Total Assets | 7.75M | 5.55M | 3.68M | 4.06M | 2.83M | 2.95M |
| Cash, Cash Equivalents and Short-Term Investments | 2.04M | 1.14M | 450.73K | 1.31M | 1.08M | 1.14M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 950.00 | 950.00 |
| Total Liabilities | 719.33K | 566.54K | 158.94K | 489.64K | 65.96K | 85.27K |
| Stockholders Equity | 7.03M | 4.98M | 3.52M | 3.57M | 2.77M | 2.86M |
Cash Flow | ||||||
| Free Cash Flow | -1.05M | -974.88K | -2.55M | -1.75M | -724.97K | -1.48M |
| Operating Cash Flow | -1.05M | -974.88K | -682.72K | -475.64K | -466.47K | -597.16K |
| Investing Cash Flow | -2.12M | -1.37M | -1.56M | -1.06M | 409.25K | -490.70K |
| Financing Cash Flow | 4.55M | 3.03M | 1.39M | 1.76M | -2.29K | 147.42K |
Terrain Minerals Ltd 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% | |
52 Neutral | AU$82.78M | -0.73 | -57.60% | ― | ― | -17.02% | |
51 Neutral | AU$36.24M | -3.45 | -11.31% | ― | ― | ― | |
47 Neutral | AU$16.68M | -5.00 | -28.76% | ― | ― | 18.18% | |
46 Neutral | AU$7.37M | -10.57 | 33.68% | ― | ― | ― | |
45 Neutral | AU$6.57M | -0.78 | -4.58% | ― | ― | 98.11% | |
43 Neutral | AU$7.56M | -1.75 | -318.64% | ― | ― | ― |
* Basic Materials Sector Average
AU:TMX
Terrain Minerals Ltd
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Terrain Minerals Ltd Corporate Events
Terrain Minerals Restarts RC Drilling at Smokebush as It Targets Maiden JORC Resource
Jan 14, 2026
Terrain Minerals has restarted reverse circulation (RC) drilling at its Lightning prospect within the Smokebush Gold Silver Project in Western Australia, following a pause over the Christmas and New Year period. The current campaign comprises 34 ...
Terrain Minerals Sets January 2026 General Meeting, Moves to Digital Meeting Materials
Dec 21, 2025
Terrain Minerals Limited has announced it will hold a General Meeting of shareholders at its West Perth office on 30 January 2026 at 8:00am WST, in line with its obligations as an ASX-listed company. The company will largely distribute meeting mat...
Terrain Minerals Pauses Drilling for Holidays at Smokebush Gold Project
Dec 18, 2025
Terrain Minerals has announced a temporary pause in its 2025 RC drilling campaign at the Lightning Gold Prospect, part of its Smokebush Gold Project, to allow workers to enjoy the holiday season and prioritize safety protocols in remote operations...
Terrain Minerals Ltd Announces Quotation of New Securities on ASX
Dec 15, 2025
Terrain Minerals Ltd has announced the quotation of 258,375,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code TMX. This move is part of previously announced transactions and is expected to enhance the co...
Terrain Minerals Issues 258 Million Shares in Strategic Placement
Dec 15, 2025
Terrain Minerals Limited has issued 258,375,000 fully paid ordinary shares as part of a recent placement. This move indicates the company’s efforts to raise capital, potentially impacting its financial stability and market operations. The is...
Terrain Minerals Ltd Announces Major Securities Issue to Boost Exploration Efforts
Dec 9, 2025
Terrain Minerals Ltd has announced a proposed issue of 254,375,000 ordinary fully paid securities, scheduled for issuance on December 15, 2025. This move is part of the company’s strategy to enhance its financial position and support its ong...
Terrain Minerals Ltd Announces Major Securities Issue to Boost Capital
Dec 9, 2025
Terrain Minerals Ltd has announced a proposed issue of 101,250,000 ordinary fully paid securities, scheduled for February 2, 2026. This strategic move is expected to enhance the company’s capital structure, potentially strengthening its mark...
Terrain Minerals Secures Full Funding for Drilling Programs
Dec 9, 2025
Terrain Minerals Limited has successfully completed a December placement, raising $1,422,500, which, combined with an earlier October placement, totals $2,747,250. This funding ensures the company is fully capitalized to execute its RC drilling pr...
Terrain Minerals Launches Drilling Program at Smokebush Project
Dec 5, 2025
Terrain Minerals Ltd has announced the commencement of a reverse circulation drilling program at its Smokebush project in Western Australia, targeting high-grade gold and silver deposits. This initiative, involving 34 drill holes covering 6,800 me...
Terrain Minerals Secures Mining License for Smokebush Project
Dec 1, 2025
Terrain Minerals Limited has successfully converted several prospecting tenements to Mining Lease status at its Smokebush Gold Project, with the newly granted M59/0796 covering the Lightning Gold and Silver Prospect. This conversion allows the com...
Terrain Minerals Ltd Adopts Amended Constitution
Dec 1, 2025
Terrain Minerals Ltd has announced the adoption of an amended constitution following a special resolution passed by shareholders at the company’s recent Annual General Meeting. This change, approved by the shareholders, is expected to impact...
Terrain Minerals Launches Major Drilling Program at Lightning and Wildflower Prospects
Nov 27, 2025
Terrain Minerals Limited has commenced a significant drilling program at its 100%-owned Lightning Gold Prospect in Western Australia, aiming to establish a maiden Mineral Resource by mid-2026. The program includes 34 holes totaling 6,800 meters, t...
Terrain Minerals Announces Expiry of 16 Million Unlisted Options
Nov 26, 2025
Terrain Minerals Limited announced the expiration of 16,000,000 unlisted options with an exercise price of $0.0214 each on November 25, 2025. This expiration may impact the company’s capital structure and could influence investor perceptions...
Terrain Minerals Ltd Announces Cessation of Securities
Nov 26, 2025
Terrain Minerals Ltd announced the cessation of 16,000,000 securities due to the expiry of options without exercise or conversion as of November 25, 2025. This cessation of securities may impact the company’s capital structure and could infl...
Terrain Minerals Advances Gold and Silver Exploration at Smokebush
Nov 19, 2025
Terrain Minerals Ltd has released an investor presentation highlighting its ongoing efforts to advance high-grade gold and silver exploration at its Smokebush project in Western Australia. The company outlines the risks and challenges associated w...
Terrain Minerals Initiates Major Drilling Program at Lightning Prospect
Nov 16, 2025
Terrain Minerals Limited has commenced a significant 4,500-meter drilling program at its Lightning Gold Prospect in Western Australia, aiming to establish a maiden Mineral Resource by mid-2026. The program targets extending known gold zones and ex...
Terrain Minerals Issues Over 284 Million New Shares
Nov 10, 2025
Terrain Minerals Limited has issued 284,388,901 fully paid ordinary shares as part of a recent placement. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act 2001, and the company has confirmed compliance with re...
Terrain Minerals Identifies Promising Gold Targets at Wildflower Prospect
Nov 9, 2025
Terrain Minerals Limited has announced the results of an induced polarisation (IP) survey at its Wildflower Gold Prospect, revealing multiple high-priority gold targets. The survey identified large-scale structures similar to the company’s n...
Terrain Minerals Announces Proposed Issue of 10 Million Securities
Nov 7, 2025
Terrain Minerals Limited has announced a proposed issue of 10 million fully paid ordinary securities, with the issue date set for March 31, 2026. This strategic move is likely aimed at raising capital to support the company’s ongoing operati...
Terrain Minerals Ltd Announces Quotation of New Securities on ASX
Nov 7, 2025
Terrain Minerals Ltd has announced the quotation of 284,388,901 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code TMX. This move is part of previously announced transactions, potentially impacting the compan...
Terrain Minerals Raises $1.3 Million for Exploration Expansion
Nov 7, 2025
Terrain Minerals Ltd has successfully completed a capital raising placement, issuing over 284 million shares to raise $1,324,750. The funds will be used to advance exploration and drilling at the Smokebush Project, targeting high-grade gold and si...
Terrain Minerals Reports High-Grade Gold Intercepts and Advances Exploration Projects
Oct 31, 2025
Terrain Minerals Limited has announced significant progress in its exploration activities during the September 2025 quarter, particularly at the Smokebush project, where high-grade gold and silver intercepts were reported. The company is working t...
Terrain Minerals Ltd Announces Proposed Securities Issue
Oct 31, 2025
Terrain Minerals Ltd has announced a proposed issue of securities, with a maximum of 260,833,349 ordinary fully paid shares to be issued. This move is part of a placement or other type of issue, scheduled for November 7, 2025, and is expected to i...
Terrain Minerals Secures $1.17 Million for Exploration Expansion
Oct 31, 2025
Terrain Minerals Limited announced a successful placement to sophisticated and professional investors, raising $1,173,750.07. The funds will be used to advance exploration and drilling at the Smokebush Project, targeting high-grade gold and silver...
Terrain Minerals Initiates Trading Halt Ahead of Capital Raising Announcement
Oct 28, 2025
Terrain Minerals Limited (ASX: TMX) has requested a trading halt on its securities pending an announcement about a proposed capital raising. This halt will remain in effect until the start of normal trading on 31 October 2025 or until the announce...
Terrain Minerals Identifies Promising Rare Earth Targets at Lort River Project
Oct 27, 2025
Terrain Minerals Limited has announced the successful identification of extensive rare earth element (REE) targets at its Lort River Project through an airborne electromagnetic survey. The survey revealed a large regolith clay basin, which aligns ...
Terrain Minerals Announces Digital-First Approach for Upcoming AGM
Oct 27, 2025
Terrain Minerals Limited has announced the details of its upcoming Annual General Meeting, scheduled for 28 November 2025 in West Perth, WA. The company has opted not to send physical copies of the meeting notice to shareholders, instead making th...
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.
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Disclaimer
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