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Tolu Minerals Limited
(Sydney:TOK)
Tolu Minerals Limited (TOK) vs. iShares MSCI Australia ETF (EWA)
Tolu Minerals Limited Business Overview & Revenue Model
Tolu Minerals Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -260.50K | -233.03K | -24.20K | -21.79K | -618.00 | 0.00 |
| EBITDA | -10.36M | -6.97M | -4.50M | -2.31M | -727.77K | -13.00 |
| Net Income | -11.05M | -7.62M | -4.91M | -2.86M | -810.37K | -13.00 |
Balance Sheet | ||||||
| Total Assets | 74.92M | 54.53M | 23.76M | 31.37M | 1.44M | 0.00 |
| Cash, Cash Equivalents and Short-Term Investments | 21.56M | 16.74M | 12.62M | 16.10M | 1.19M | 0.00 |
| Total Debt | 4.84M | 5.10M | 4.77M | 4.46M | 1.26M | 0.00 |
| Total Liabilities | 10.63M | 9.82M | 6.54M | 6.05M | 1.63M | 0.00 |
| Stockholders Equity | 64.29M | 44.71M | 17.22M | 25.31M | -189.38K | 0.00 |
Cash Flow | ||||||
| Free Cash Flow | -7.54M | -29.04M | -65.27K | -10.28M | -795.25K | 0.00 |
| Operating Cash Flow | -7.01M | -4.47M | 0.00 | -2.12M | -585.66K | 0.00 |
| Investing Cash Flow | -33.81M | -24.63M | -927.74K | -8.16M | -209.59K | 0.00 |
| Financing Cash Flow | 50.82M | 33.24M | 16.27M | 10.49M | 1.97M | 18.55K |
Tolu Minerals Limited Peers Comparison
Tolu Minerals Limited Corporate Events
S&P Dow Jones Indices has updated its March 2026 quarterly rebalance for the All Ordinaries, reversing earlier plans to add African Gold Limited and remove American Rare Earths Limited, with both now remaining outside and inside the index respectively. The final rebalance, effective before trading on March 23, 2026, will add a broad slate of companies including Tolu Minerals Limited and multiple mining, energy transition, and medical technology stocks, potentially increasing their visibility and liquidity within the Australian equity market.
The index changes highlight the continued prominence of resources, critical minerals, and emerging technology names in the Australian market, as firms such as Galan Lithium, Lake Resources, and Astron join the benchmark. For newly added constituents, inclusion in the All Ordinaries can attract greater institutional attention and index-linked investment flows, reinforcing their market presence and potentially impacting valuation and trading dynamics.
The most recent analyst rating on (AU:TOK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Tolu Minerals Limited stock, see the AU:TOK Stock Forecast page.
S&P Dow Jones Indices, which maintains the S&P/ASX equity benchmarks, has announced the results of its March 2026 quarterly rebalance, reshaping the composition of several major Australian sharemarket indices ahead of the March 23 trading session.
The review brings Northern Star Resources into the S&P/ASX 20 while removing Santos, adds Light & Wonder and PLS Group to the S&P/ASX 50, and introduces multiple resources and energy names into the S&P/ASX 100, 200 and 300 at the expense of several financial, infrastructure and technology stocks, signaling a shift in index representation that will influence fund flows and portfolio positioning for investors tracking these benchmarks.
The most recent analyst rating on (AU:TOK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Tolu Minerals Limited stock, see the AU:TOK Stock Forecast page.
Tolu Minerals has strengthened its technical leadership by appointing veteran geologist Rob Taube as Head of Geology, bringing more than 30 years of global experience in gold and copper exploration, resource definition and mine development. His track record at Newcrest Mining and PT Merdeka Copper Gold, including major resource expansions and managing large drilling fleets, is closely aligned with Tolukuma’s epithermal system and district-scale ambitions.
Taube’s arrival coincides with a major ramp-up at the Tolukuma Gold Mine, where Tolu has commissioned seven diamond drilling rigs, with an eighth due next quarter, to drive accelerated drilling and an updated Mineral Resource. The company has collected over 5,000 surface samples, processed 64km² of LiDAR imagery, and built more than 30 drill platforms, laying the groundwork for systematic resource growth at Tolukuma and future expansion drilling at the nearby Saki prospect.
The most recent analyst rating on (AU:TOK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Tolu Minerals Limited stock, see the AU:TOK Stock Forecast page.
Tolu Minerals has reported encouraging results from reconnaissance geological mapping and sampling along the 63-kilometre road from Bakoiudu to the Tolukuma mine, identifying several massive sulphide and epithermal quartz-sulphide veins within the Kebea VMS and Belavista Porphyry belts. The work forms part of a broader strategy to rapidly assess the prospectivity of large gold-silver and gold-copper systems in the region.
Rock outcrop sampling of narrow veins returned high-grade gold, silver and copper values, with additional copper-rich areas identified at Mt Kebea, underscoring the potential for significant mineralisation. An advanced airborne magnetotelluric survey has generated multiple porphyry and epithermal targets for follow-up trench sampling and drilling, and with seven drill rigs now available on site, the company is positioned to accelerate exploration, potentially enhancing its resource base and project pipeline.
The most recent analyst rating on (AU:TOK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Tolu Minerals Limited stock, see the AU:TOK Stock Forecast page.