Zenith Minerals Limited (AU:ZNC)
ASX:ZNC
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Zenith Minerals Limited
(Sydney:ZNC)
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Rating:49Neutral
Price Target:
AU$0.10
â–²(15.56% Upside)
Action:Reiterated
Date:06/19/26
The score is held down primarily by weak financial performance (shrinking revenue, ongoing losses, and persistent cash burn). Technicals provide some support due to strong recent momentum, but overbought signals add risk. Valuation is constrained by a negative P/E that reflects continued unprofitability.
Positive Factors
Conservative balance sheet (low leverage)
Near-zero debt materially reduces refinancing and solvency risk over the medium term. For an exploration company with ongoing burn, low leverage preserves optionality to raise capital on less urgent terms, limits interest obligations, and supports continuity of operations while projects advance.
Negative Factors
Persistent negative operating cash flow
Consistent operating cash outflows erode liquidity and force repeated external funding to sustain operations. Over a 2–6 month horizon this structural cash burn increases dilution and limits the company's ability to invest in higher-return projects, raising solvency and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (low leverage)
Near-zero debt materially reduces refinancing and solvency risk over the medium term. For an exploration company with ongoing burn, low leverage preserves optionality to raise capital on less urgent terms, limits interest obligations, and supports continuity of operations while projects advance.
Read all positive factors
Zenith Minerals Limited (ZNC) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$63.93M
Dividend YieldN/A
Average Volume (3M)564.13K
Price to Earnings (P/E)―
Beta (1Y)2.20
Revenue Growth74.61%
EPS Growth33.33%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding608,820,900
10 Day Avg. Volume182,348
30 Day Avg. Volume564,129
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.97
Price to Sales (P/S)44.35
P/FCF Ratio-9.95
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
Zenith Minerals Limited Business Overview & Revenue Model
Company Description
Zenith Minerals Limited, along with its subsidiaries, is an enterprise dedicated to the discovery and development of mineral resources across Australia, Turkey, Europe, and the United States. Its exploration efforts target a diverse array of valua...
How the Company Makes Money
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Zenith Minerals Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
66
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.11M | 298.72K | 649.81K | 1.64M | 1.12M | 247.24K |
| Gross Profit | 1.08M | 298.72K | 668.32K | 1.62M | 1.11M | 226.98K |
| EBITDA | -707.76K | -1.43M | -59.07K | -6.73M | -868.21K | 820.57K |
| Net Income | -1.96M | -2.90M | -4.47M | -9.31M | 1.47M | 2.01M |
Balance Sheet | ||||||
| Total Assets | 25.16M | 14.42M | 14.47M | 19.30M | 26.82M | 13.32M |
| Cash, Cash Equivalents and Short-Term Investments | 8.45M | 1.52M | 2.86M | 6.58M | 15.37M | 6.47M |
| Total Debt | 170.37K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 974.40K | 725.00K | 435.43K | 881.53K | 303.81K | 340.68K |
| Stockholders Equity | 24.18M | 13.70M | 14.04M | 18.42M | 26.52M | 12.98M |
Cash Flow | ||||||
| Free Cash Flow | 106.27K | -1.33M | -3.36M | -6.36M | -5.65M | -4.39M |
| Operating Cash Flow | -1.74M | -1.33M | -838.17K | -6.30M | -5.65M | -4.38M |
| Investing Cash Flow | -4.17M | -1.76M | -280.44K | 375.17K | -45.08K | 492.13K |
| Financing Cash Flow | 11.13M | 2.54M | 0.00 | 273.68K | 11.77M | 4.76M |
Zenith Minerals Limited Technical Analysis
Positive
0.09
Price Trends
0.08
Positive
0.08
Positive
0.09
Positive
Market Momentum
0.01
Negative
62.75
Neutral
88.51
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ZNC, the sentiment is Positive. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.08, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 62.75 is Neutral, neither overbought nor oversold. The STOCH value of 88.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ZNC.
Zenith Minerals Limited 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$53.12M | -56.34 | -16.47% | ― | ― | 84.52% | |
51 Neutral | AU$47.56M | -3.28 | -41.37% | ― | -53.41% | 70.61% | |
49 Neutral | AU$63.93M | -30.45 | -10.33% | ― | 74.61% | 33.33% | |
45 Neutral | AU$34.66M | -0.29 | -92.53% | ― | ― | -1417.65% | |
45 Neutral | AU$33.48M | -1.08 | -28.53% | ― | ― | ― | |
41 Neutral | AU$26.25M | -1.04 | -107.26% | ― | ― | 71.99% |
* Basic Materials Sector Average
AU:ZNC
Zenith Minerals Limited
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834.78%
Zenith Minerals Limited Corporate Events
Zenith Minerals Director Increases Equity Stake Through Option Conversion
Jun 19, 2026
Zenith Minerals has reported a change in the holdings of director Andrew Smith, who has converted a portion of his options into ordinary shares. Following the transaction, Smith now holds 2,916,666 ordinary shares, alongside a substantial package ...
Zenith director sells shares into Forrestania offer, retains options and performance rights
Jun 19, 2026
Zenith Minerals has disclosed a change in director Andrew Smith’s holdings following his acceptance of a takeover offer for his Zenith ordinary shares. Smith disposed of 5,952,614 ordinary shares at $0.077 per share, with the transaction str...
Zenith Minerals Expands Capital Base Through Option Conversions
Jun 17, 2026
Zenith Minerals has issued 5,855,652 new ordinary shares following the conversion of a mix of ZNCOA and ZNCAR unlisted options, modestly expanding its share capital base. The move reflects existing option holders exercising their rights, providing...
Zenith Minerals Seeks ASX Quotation for 5.9 Million New Shares
Jun 17, 2026
Zenith Minerals Limited has applied for quotation on the ASX of 5,855,652 new ordinary fully paid shares, following the exercise of options or conversion of other securities. The additional shares, issued on 17 June 2026, will expand the company&#...
Zenith Minerals Issues New Shares on ZNCOA Conversion and Confirms Compliance
Jun 17, 2026
Zenith Minerals Limited has issued 1,284,784 new ordinary shares following the conversion of an equivalent number of ZNCOA securities, modestly expanding its share capital base. The company confirmed that the shares were issued without a prospectu...
Zenith Minerals Seeks ASX Quotation for 1.28 Million New Shares
Jun 17, 2026
Zenith Minerals Limited has applied for quotation on the ASX of 1,284,784 new ordinary fully paid shares. The securities, issued on June 17, 2026, arise from the exercise or conversion of existing options or other convertible securities.The additi...
Forrestania formalises off-market takeover bid for Zenith Minerals
Jun 9, 2026
Forrestania Resources Limited has launched an off-market takeover bid for all ordinary shares in Zenith Minerals Limited that it and its associates do not already own, formalising the move with the lodgement of a bidder’s statement with the ...
Zenith Minerals Board Backs Forrestania Takeover Offer
Jun 9, 2026
Zenith Minerals Limited has received an off‑market takeover offer from Forrestania Resources Ltd to acquire all fully paid ordinary shares in the company. In response, Zenith has issued a formal target’s statement, lodged it with regul...
Zenith Minerals backs premium scrip takeover by Forrestania Resources
Jun 8, 2026
Zenith Minerals has agreed to a recommended off-market scrip takeover by Forrestania Resources, under which Zenith shareholders will receive one Forrestania share for every 4.3 Zenith shares, valuing Zenith at about A$93.5 million. The implied A$0...
Zenith Minerals Confirms Gold Lode Continuity at Consolidated Dulcie Project
Jun 1, 2026
Zenith Minerals has reported assay results from a 10-hole, 1,350-metre reverse circulation drilling program at its Consolidated Dulcie Gold Project in Western Australia, aimed at testing near-resource extensions and under-drilled areas at Dulcie S...
Zenith Secures Key Tenure to Consolidate Dulcie Gold Corridor
May 10, 2026
Zenith Minerals has completed the acquisition and registration of Mining Lease M77/599, securing a central 600-metre untested strike zone within its Consolidated Dulcie Gold Project in Western Australia. The lease sits between the Dulcie North and...
Zenith Minerals Launches Strategic Review as Dulcie Gold Scale Grows
May 7, 2026
Zenith Minerals has launched a formal strategic review to explore corporate, asset-level, funding, joint venture and development options across its gold and lithium portfolio, appointing Argonaut as financial adviser. The review is centred on the ...
Zenith Minerals Lifts Dulcie to 675koz as Deep Drilling Extends Red Mountain Gold
Apr 30, 2026
Zenith Minerals reported a transformational quarter as it delivered a maiden inferred mineral resource of 675,000 ounces of gold at its Consolidated Dulcie project, confirming a continuous six-kilometre mineralised corridor and shifting the asset ...
Zenith Minerals Deep Drilling Extends Red Mountain Gold System Beyond 700m
Apr 9, 2026
Zenith Minerals has reported new deep diamond drill results from its 100%-owned Red Mountain Gold Project in Queensland, confirming a large, vertically extensive intrusion-related gold system extending beyond 700 metres. Recent holes ZRMCD067 and ...
Zenith Minerals Grants Performance Rights to Director Jenkins
Mar 24, 2026
Zenith Minerals has updated the market on a change in director Euan Jenkins’ interests, confirming the issue of a series of performance rights following shareholder approval at a recent general meeting. Jenkins received five tranches of 1,00...
Zenith Minerals Grants Director New Performance Rights After Shareholder Approval
Mar 24, 2026
Zenith Minerals Limited has disclosed a change in director Andrew Smith’s interests following the issue of new performance rights. Smith has been granted a total of 10 million performance rights across five classes, in addition to his existi...
Zenith Minerals boosts director equity with new performance rights grant
Mar 24, 2026
Zenith Minerals Limited has disclosed a change in director Stanley Macdonald’s interests following the issuance of new performance rights. Macdonald, who already held a substantial shareholding both directly and indirectly, has been granted ...
Zenith Minerals Grants 24.1 Million Unquoted Performance Rights Under Incentive Scheme
Mar 24, 2026
Zenith Minerals Limited has notified the market of the issue of a substantial package of unquoted performance rights under its employee incentive scheme. The company will grant a total of 24.1 million Class A to E Performance Rights, all unquoted ...
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.