Truscott Mining Corporation Ltd (TRM) AI Stock Analysis

• Market Cap: AU$16.88M
• Dividend Yield: N/A
• Average Volume (3M): 11.73K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.58
• Revenue Growth: N/A
• EPS Growth: 46.67%
• Country: AU
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 213,688,550
• 10 Day Avg. Volume: 7,419
• 30 Day Avg. Volume: 11,732
• PEG Ratio: 0.68
• Price to Book (P/B): 6.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -23.83
• 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$0.08 ▼(-3.75% Downside)

The score is primarily weighed down by weak financial performance (no revenue, persistent losses, and ongoing cash burn). Technicals are mixed and only mildly supportive, while valuation is constrained by negative earnings and no dividend support.

Positive Factors

Manageable Leverage

Lower debt-to-equity and an improvement year-over-year reduce solvency pressure and preserve financing optionality. This gives the company more time to execute operational or exploration milestones without imminent refinancing, supporting survival through multi-quarter funding cycles.

Narrowing Losses

A reduction in the net loss trend signals improved cost control or lower exploration overhead. If sustained, narrowing losses can lengthen runway, reduce reliance on dilutive funding, and increase the chance that incremental capital translates to progress toward revenue-generating activities.

Lean Operating Footprint

A very small headcount implies low fixed operating overhead and organizational flexibility, which can stretch limited cash reserves longer. For an early-stage miner/explorer, a lean structure helps conserve capital while pursuing targeted exploration or permitting milestones.

Negative Factors

Zero Revenue Base

Absence of meaningful revenue removes a structural source of cash and validation of operations. Over months, lack of sales prevents internal funding of exploration and corporate costs, forcing repeated external financing and increasing dilution risk if commercial operations are not established.

Persistent Cash Burn

Consistently negative operating and free cash flow indicate the business is not self-funding and will need ongoing external capital. Over a multi-month horizon, this structural cash burn constrains strategic optionality and raises execution risk if capital markets tighten or costs rise.

Negative Returns on Equity

Sustained negative ROE reflects value erosion from losses and weak asset monetization. Over time, persistent negative returns reduce shareholders' equity, limit reinvestment capacity, and make it harder to attract non-dilutive capital or strategic partners needed for long-term growth.

Truscott Mining Corporation Ltd Business Overview & Revenue Model

Company Description

Truscott Mining Corporation Limited engages in the exploration and development of gold and base metal properties in Australia. The company explores for copper and gold deposits. It holds a 100% interest in the Westminster project covering an area of 9 hectares and 8 blocks; the North Tennant Creek project comprising an area of 77.71 square kilometers and 52 blocks; and the Barkly project located within the Tennant Creek mineral field in the Northern Territory. The company was incorporated in 2005 and is based in Scarborough, Australia.

How the Company Makes Money

Truscott Mining Corporation Ltd generates revenue through the exploration and extraction of mineral resources, primarily focusing on base and precious metals such as copper, gold, and silver. The company earns money by selling these raw materials to industrial manufacturers and commodity markets. Additionally, Truscott Mining may engage in strategic partnerships and joint ventures to expand its mining operations and enhance its resource base. Revenue is also influenced by global commodity prices, production volumes, and efficient cost management practices in their mining operations.

Truscott Mining Corporation Ltd Financial Statement Overview

Summary

Overall fundamentals are weak: revenue has effectively fallen to zero, losses remain persistent, and both operating and free cash flow are negative (ongoing cash burn). The balance sheet leverage is relatively manageable (debt-to-equity ~0.33), but repeated losses and negative ROE indicate continued value erosion and reliance on external funding.

Income Statement

The operating profile is very weak: revenue has effectively fallen to zero in recent years (down 100% in FY2025), while losses remain persistent (net loss of ~291k in FY2025 after ~524k in FY2024). Profitability is structurally negative with ongoing operating losses, indicating the company is not currently generating meaningful sales to absorb corporate and exploration overhead. A modest positive is that losses narrowed in FY2025 versus FY2024, but the lack of revenue base keeps earnings quality and visibility low.

Balance Sheet

Leverage appears manageable on paper, with debt-to-equity at ~0.33 in FY2025 (improved from ~0.44 in FY2024), suggesting the company is not heavily debt-funded. However, equity has been volatile over time and returns on equity are consistently negative (about -21% in FY2025), reflecting ongoing value erosion from losses. Overall, the balance sheet looks moderately supportive, but continued losses could pressure equity and financial flexibility if funding needs persist.

Cash Flow

Cash generation is weak: operating cash flow is consistently negative (about -186k in FY2025 vs -167k in FY2024), and free cash flow is also negative (about -385k in FY2025), implying ongoing cash burn. While free cash outflow has at times improved year-to-year, the business is not self-funding and appears dependent on external capital or balance-sheet resources to sustain operations. The key strength is that losses are accompanied by cash outflows that are directionally consistent (no sign of earnings being flattered by unusually strong cash conversion), but the absolute level remains unfavorable.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	10.01K
Gross Profit	0.00	-288.00	-447.00	-688.00	-763.00	9.97K
EBITDA	-184.39K	-184.39K	-417.27K	-513.61K	-2.67M	-359.11K
Net Income	-291.26K	-291.26K	-523.73K	-514.30K	-2.67M	-304.28K
Balance Sheet
Total Assets	3.28M	3.28M	2.95M	2.97M	2.61M	4.88M
Cash, Cash Equivalents and Short-Term Investments	272.73K	272.73K	60.00K	19.87K	59.60K	62.65K
Total Debt	450.50K	450.50K	450.50K	310.50K	165.50K	196.50K
Total Liabilities	1.90M	1.90M	1.92M	1.76M	1.49M	1.39M
Stockholders Equity	1.37M	1.37M	1.02M	1.21M	1.12M	3.49M
Cash Flow
Free Cash Flow	-385.38K	-385.38K	-167.05K	-488.32K	-167.22K	-126.53K
Operating Cash Flow	-186.40K	-186.40K	-167.05K	-204.13K	-127.54K	-111.75K
Investing Cash Flow	-121.27K	-121.27K	69.36K	-284.19K	-39.68K	-14.78K
Financing Cash Flow	520.40K	520.40K	137.83K	448.59K	164.17K	188.34K

Truscott Mining Corporation Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TRM, the sentiment is Positive. The current price of 0.08 is above the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.08, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.18 is Neutral, neither overbought nor oversold. The STOCH value of 18.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TRM.

Truscott Mining Corporation 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%
ZAG	54 Neutral	AU$48.20M	-13.68	-28.59%	―	―	-860.00%
PGO	52 Neutral	AU$59.64M	-10.85	-8.32%	―	―	-17.27%
TRM	46 Neutral	AU$16.88M	-49.38	-24.31%	―	―	46.67%
ADG	45 Neutral	AU$25.67M	-6.67	-25.56%	―	―	50.00%
CDT	43 Neutral	AU$11.27M	-1.18	-390.08%	―	―	19.94%

Truscott Mining Corporation Ltd Corporate Events

Truscott Mining Accelerates Westminster Drilling as Gold Prices Climb

Truscott Mining Corporation is advancing its Westminster Gold Project in response to continued rises in gold and other metal prices, initiating a fully subscribed capital raising to fund drilling and appointing Geo-Drilling Pty Ltd to conduct an initial 2,500 metres drilling program starting in early February 2026 to test the core zones of two ore body targets at depth. The company has strengthened its project development capability by appointing a new Project Manager-Geology, Jonathan Stokes, scheduled a February 16, 2026 general meeting to refresh its capital-raising capacity, and highlighted that structural analysis indicates four ore body target zones with potential to host two to five million ounces of gold, positioning Westminster as both a growth driver for Truscott and a technical reference point for exploration practices in the broader mineral field.

The most recent analyst rating on (AU:TRM) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Truscott Mining Corporation Ltd stock, see the AU:TRM Stock Forecast page.

Truscott Mining Plans Issue of 2 Million Options to Bolster Capital Structure

Truscott Mining Corporation Limited has lodged an Appendix 3B with the ASX outlining a proposed placement or other type of issue of up to 2,000,000 options, each exercisable at $0.15 and expiring on 23 December 2026, with an expected issue date of 17 February 2026. The planned options issue is intended to support the company’s funding flexibility and capital structure, potentially providing additional resources for its ongoing mining and exploration activities while signalling to the market its continued engagement with investors and use of equity-linked instruments to finance future operations.

The most recent analyst rating on (AU:TRM) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Truscott Mining Corporation Ltd stock, see the AU:TRM Stock Forecast page.

Truscott Mining Corrects Expiry Date on Unquoted Options in ASX Filing

Truscott Mining Corporation Limited, an Australian-listed mining company (ASX: TRM), operates within the resources sector, though the specific commodities or projects are not detailed in this notice. The company is subject to Australian securities regulation and reporting requirements as an ASX issuer.

Truscott has issued an update to a previous Appendix 3G notification, correcting the expiry date of a series of unquoted options to 23 December 2027. The amendment replaces the date disclosed in its 24 December 2025 announcement, ensuring more accurate information for investors and other market participants regarding the life and potential exercise window of these unquoted equity securities, and aligning its capital markets disclosures with ASX compliance standards.

The most recent analyst rating on (AU:TRM) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Truscott Mining Corporation Ltd stock, see the AU:TRM Stock Forecast page.

Truscott Mining Calls February Meeting to Ratify Capital Raising and Manager Options

Truscott Mining Corporation Ltd has called a general meeting of shareholders for 16 February 2026 in Nedlands, Western Australia. At the meeting, shareholders will be asked to ratify a share and option placement completed on 24 December 2025 and to approve the issue of additional options to the lead manager of that placement, decisions that will formally endorse the recent capital-raising structure and related compensation arrangements.

The most recent analyst rating on (AU:TRM) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Truscott Mining Corporation Ltd stock, see the AU:TRM Stock Forecast page.

Truscott Mining Director Peter Smith Increases Shareholding

Truscott Mining Corporation Limited has disclosed a change in the interests of director Peter N. Smith in accordance with ASX requirements. Smith, who holds both direct and indirect interests through his superannuation vehicle Hillway Pty Ltd and Resource Investments and Consulting Pty Ltd, acquired an additional 13,333 fully paid ordinary shares on 5 January 2026 for $999.98, with no disposals reported. The transaction marginally increases his equity stake in the company, reinforcing his alignment with shareholder interests and signaling continued director confidence in Truscott Mining’s prospects.

The most recent analyst rating on (AU:TRM) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Truscott Mining Corporation Ltd stock, see the AU:TRM Stock Forecast page.

Truscott Mining Director Peter Smith Increases Shareholding via On-Market Purchase

Truscott Mining Corporation Limited has disclosed a change in the holdings of director Peter N Smith, as required under ASX listing rules. Smith, who holds both direct and indirect interests in the company through his superannuation vehicle Hillway Pty Ltd and Resource Investments and Consulting Pty Ltd, has acquired an additional 51,000 fully paid ordinary shares for a consideration of $3,675, with no securities disposed, expired or converted. The transaction modestly increases his total equity stake and performance-based exposure to Truscott, signalling a small but tangible vote of confidence in the company from a key insider and slightly strengthening insider alignment with shareholders.

Truscott Mining Issues 9 Million Unquoted Options Expiring 2026

Truscott Mining Corporation Ltd, an Australian-listed mining company, operates in the resources sector with its securities traded on the ASX under the ticker TRM. The company has notified the market of the issue of 9,000,001 unquoted options with an exercise price of 15 cents and an expiry date of 23 December 2026, effective 24 December 2025, as part of a previously announced transaction. These unquoted options, which are not intended to be listed on the ASX, represent a form of non‑quoted equity-based incentive or financing that may affect future capital structure and potential dilution for existing shareholders if exercised.

Truscott Mining Seeks ASX Quotation for 18 Million New Shares

Truscott Mining Corporation Ltd has lodged an application with the ASX for the quotation of 18 million new fully paid ordinary shares, effective 24 December 2025. The additional shares, issued under a previously announced transaction, will expand the company’s quoted capital base and may influence its market liquidity and ownership structure once trading commences.

Truscott Mining Raises Capital Through Placement of New Shares and Options

Truscott Mining Corporation has completed a capital raising via a share placement to professional and sophisticated investors, issuing 18 million fully paid ordinary shares and 9,000,001 free attached unlisted options that will form a new class of securities, while the new shares will rank within its existing quoted class on the ASX. The company confirmed it is relying on disclosure exemptions under the Corporations Act for this placement and stated it remains compliant with its financial reporting and continuous disclosure obligations, with no undisclosed price-sensitive information, providing regulatory assurance around the new securities for current and prospective shareholders.

Truscott Mining Raises $1.44m in Placement to Fund January Drilling Program

Truscott Mining Corporation Ltd has completed a share placement raising $1.44 million before costs, issuing 18 million new shares and 9,000,001 free attached options for a total of 27,000,001 securities, which will be entered into shareholders’ holdings and quoted on 29 December 2025. The fresh capital positions the company to advance its exploration program, with management actively engaging geologists and drillers and targeting the commencement of drilling in January 2026, subject to weather conditions, marking a significant step in progressing its operational plans.

Truscott Mining Announces Proposed Securities Issue to Boost Capital

Truscott Mining Corporation Limited has announced a proposed issue of securities, including 18 million ordinary fully paid shares and 9 million options expiring in December 2027. This move is aimed at raising capital, potentially impacting the company’s operational capabilities and market positioning by enhancing its financial resources.

Truscott Mining Announces Share Placement to Raise $1.44 Million

Truscott Mining Corporation Ltd has announced a share placement, appointing Martin Place Securities as the lead manager to issue up to 18 million fully paid ordinary shares at 8 cents each, aiming to raise up to $1.44 million before costs. The funds raised will be allocated towards research and development, exploration activities, and working capital, potentially strengthening the company’s operational and financial position in the mining industry.

Truscott Mining Requests Trading Halt Ahead of Capital Raise Announcement

Truscott Mining Corporation Ltd has requested a trading halt on its securities pending an announcement related to a proposed capital raise. The halt is expected to last until the announcement is made or until the start of trading on December 17, 2025, whichever comes first. This move indicates a strategic financial maneuver, potentially impacting the company’s market operations and investor relations.

Truscott Mining Issues New Performance Rights

Truscott Mining Corporation Ltd announced the issuance of 1,824,000 unquoted performance rights, effective November 28, 2025. This move reflects the company’s strategic efforts to incentivize performance and align interests with stakeholders, potentially impacting its operational dynamics and market positioning.

Truscott Mining Announces Director’s Interest Change

Truscott Mining Corporation Limited announced a change in the director’s interest, specifically involving Peter N Smith. The company reported the acquisition of 729,600 Class T Performance Rights by Mr. Smith, issued in lieu of director fees for the year ending June 30, 2025, as approved at the AGM on November 28, 2025. This change reflects the company’s ongoing efforts to align director compensation with performance and shareholder interests.

Truscott Mining Corporation Ltd Successfully Passes AGM Resolutions

Truscott Mining Corporation Ltd announced that all resolutions proposed at its Annual General Meeting were passed based on proxy votes. The resolutions included the adoption of the remuneration report and the re-election of a director, as well as the issuance of Class T Performance Rights to key personnel, which reflects the company’s commitment to aligning management incentives with shareholder interests.

Truscott Mining Director Acquires Additional Shares

Truscott Mining Corporation Limited announced a change in the director’s interest, specifically regarding Peter N Smith’s holdings. On November 26, 2025, Smith acquired an additional 25,000 fully paid ordinary shares, valued at $1,875, through Hillway Pty Ltd. This acquisition reflects a strategic move in Smith’s investment portfolio, potentially influencing the company’s governance and stakeholder interests.

Truscott Mining Corporation Schedules Annual General Meeting for November 2025

Truscott Mining Corporation Ltd has announced its Annual General Meeting scheduled for November 28, 2025, at its office in Nedlands, WA. The meeting will address several key resolutions, including the adoption of the Remuneration Report for the financial year ending June 30, 2025. The announcement highlights the company’s commitment to transparency and governance, with specific voting exclusions in place for key management personnel to ensure fair decision-making processes.