Athena Resources Limited (AHN) AI Stock Analysis

• Market Cap: AU$18.13M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): -0.03
• Revenue Growth: N/A
• EPS Growth: 14.29%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 2,265,957,000
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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

• Rating: 29 Underperform
• Price Target: ―

Athena Resources Limited faces significant financial challenges, with a precarious financial position marked by operational inefficiencies and liquidity concerns. The technical analysis provides no clear direction, and the valuation indicates unprofitability. These factors collectively result in a low stock score, reflecting the need for substantial improvements to enhance financial health and investor appeal.

Athena Resources Limited Business Overview & Revenue Model

Company Description

Athena Resources Limited (AHN) is a mineral exploration company based in Australia. The company primarily focuses on the exploration and development of mineral resource projects, with a particular emphasis on iron ore, nickel, and copper deposits. Athena Resources operates within the mining and commodities sector, aiming to identify and develop valuable mineral assets to supply global markets with essential raw materials.

How the Company Makes Money

Athena Resources Limited generates revenue through the exploration and potential development of mineral resources. The company's primary revenue streams come from the discovery and extraction of valuable minerals such as iron ore, nickel, and copper. Once these minerals are explored and evaluated, Athena Resources may either sell the exploration rights to other mining companies or develop the resources themselves to sell the extracted minerals. The company may also enter into joint ventures or partnerships with other mining entities to leverage their expertise and resources, thereby sharing risks and rewards. Revenue is significantly influenced by global commodity prices, the success of exploration activities, and the company's ability to efficiently extract and market the minerals.

Athena Resources Limited Financial Statement Overview

Summary

Athena Resources Limited is struggling with profitability and cash flow issues, highlighted by its inability to generate revenue and increasing losses. The balance sheet shows some stability in terms of equity, but liquidity remains a concern due to low cash reserves and reliance on debt financing. Overall, the financial position is precarious, with significant operational and financial challenges that need addressing to improve future prospects.

Income Statement

Athena Resources Limited shows consistent negative net income with no revenue generation. The company has experienced widening losses over the years, reflecting a challenging operating environment. The lack of revenue and escalating EBIT and EBITDA losses indicate significant operational inefficiencies.

Balance Sheet

The balance sheet remains relatively stable with a strong equity base compared to total assets. However, the presence of debt and minimal cash reserves pose liquidity risks. The equity ratio is reasonable, but the negative net income impacts the return on equity, further weakening the financial position.

Cash Flow

The cash flow statement reveals persistent negative free cash flow, indicating substantial cash outflow from operations. Operating cash flow consistently trails net income, suggesting insufficient cash generation to cover expenses. A reliance on financing activities for cash inflows is evident, which may not be sustainable long-term.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-1.79K	-1.07K	-48.00	0.00	-1.27K	-5.67K
EBITDA	-908.60K	-651.22K	-570.35K	-506.18K	-336.86K	-309.96K
Net Income	-371.93K	-696.23K	-680.98K	-547.72K	343.00	-334.02K
Balance Sheet
Total Assets	14.55M	13.19M	13.74M	11.86M	9.45M	8.89M
Cash, Cash Equivalents and Short-Term Investments	1.07M	18.94K	1.44M	663.31K	130.03K	17.99K
Total Debt	470.00K	320.00K	0.00	0.00	40.00K	100.00K
Total Liabilities	701.77K	460.95K	317.83K	577.16K	352.52K	1.40M
Stockholders Equity	13.85M	12.73M	13.42M	11.28M	9.10M	7.50M
Cash Flow
Free Cash Flow	-466.05K	-1.74M	-2.05M	-2.16M	-916.96K	-805.82K
Operating Cash Flow	-466.05K	-770.48K	-643.92K	-816.32K	-291.76K	-308.55K
Investing Cash Flow	-1.02M	-966.60K	-1.40M	-1.35M	-625.20K	-497.27K
Financing Cash Flow	2.04M	320.00K	2.82M	2.70M	1.03M	817.90K

Athena Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MLX	76 Outperform	585.02M	4.21	23.93%	―	45.73%	716.15%
HRZ	49 Neutral	175.21M	-3.99	-28.36%	―	0.00%	0.00%
ARL	48 Neutral	115.73M	-13.16	0.00%	―	0.00%	-34.41%
NWM	42 Neutral	12.36M	-3.53	0.00%	―	0.00%	-6.25%
GNM	33 Underperform	15.86M	-20.00	0.00%	―	0.00%	69.23%
AHN	29 Underperform	AU$18.13M	―	-5.17%	―	―	14.29%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Athena Resources Limited Corporate Events

Athena Resources Plans Share Issue to Fenix Resources

Athena Resources Limited has announced a General Meeting to be held on May 13, 2025, in Perth, where shareholders will consider a resolution to issue shares to Fenix Resources Limited. This issuance, upon conversion of convertible notes, will increase Fenix Resources’ voting power in Athena from 28.97% to 37.21%, marking a significant shift in shareholder dynamics.

Athena Resources Begins Drilling at Byro South to Expand Magnetite Resource

Athena Resources Limited has commenced a Reverse Circulation drilling campaign at the Byro South Prospect, part of its Byro Magnetite Project in Western Australia. The campaign aims to further delineate and expand the known magnetite mineralisation, supporting a maiden Mineral Resource Estimate. This drilling program, consisting of approximately 1,100 metres across eight planned drill holes, builds on previous drilling efforts and metallurgical testwork. The results are expected to enhance the understanding of the scale and quality of the magnetite mineralisation, with assay results anticipated one month after submission. The initiative underscores Byro South as a significant target for magnetite, complementing the findings of the Byro Project Scoping Study.

Athena Resources Limited Releases Interim Financial Report for 2024

Athena Resources Limited has released its interim financial report for the period ending December 31, 2024. The report includes comprehensive financial statements and declarations, providing insights into the company’s financial health and operational performance. This release is crucial for stakeholders as it outlines the company’s financial position and changes in equity, which are essential for assessing future business strategies and market positioning.

Athena Resources Welcomes New Director with Significant Shareholding

Athena Resources Limited has announced the appointment of Peter Benjamin Jones as a director of the company, effective February 17, 2025. As part of this appointment, Jones holds 9,800,000 ordinary fully paid shares and 50,000,000 performance rights, indicating a significant interest in the company’s future performance.