Want to see AU:AM5 full AI Analyst Report?
NickelSearch Ltd. (AM5) AI Stock Analysis
NickelSearch Ltd.
(ASX:AM5)
The overall score is driven primarily by a very weak financial profile, with five years of zero revenue, recurring losses, shrinking equity and assets, and persistent negative cash flows that leave the company heavily reliant on future capital raises and successful project execution. Secondary pressures come from an uncertain technical picture, where missing indicators and a high beta point to elevated volatility without clear trend support, and a speculative valuation marked by a negative P/E and no dividend yield. Modest positives such as minimal financial debt and gradual improvement in losses and free cash outflows slightly temper the risk but are not sufficient to offset the structural weaknesses.
NickelSearch Ltd. (AM5) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 4.28M
- Dividend Yield
- ―
- Average Volume (3M)
- ―
- Price to Earnings (P/E)
- -1.0
- Beta (1Y)
- 2.01
- Revenue Growth
- ―
- EPS Growth
- 65.85%
- Country
- Australia
- Employees
- 3
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
NickelSearch Ltd. Business Overview & Revenue Model
Company Description
Antares Metals Limited, including its associated entities, is primarily engaged in the discovery and assessment of mineral resources throughout Australia. The company targets a diverse range of valuable elements, such as copper, uranium, gold, silver...
NickelSearch Ltd. Financial Statement Overview
Summary
Financial performance is very weak: the company has reported zero revenue for five consecutive years, continues to generate sizable losses, has seen shareholders’ equity fall sharply alongside declining assets, and sustains ongoing negative operating and free cash flows despite modest improvement in loss and cash burn trends and minimal debt.
Income Statement
20Very NegativeBalance Sheet
35NegativeCash Flow
30Negative| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -10.34K | -10.34K | -18.07K | 0 | 0 | 0 |
| EBITDA | -2.77M | -2.77M | -5.07M | -15.53M | -2.02M | -1.87M |
| Net Income | -2.76M | -2.76M | -4.57M | -15.62M | -2.08M | -1.88M |
Balance Sheet | ||||||
| Total Assets | 4.42M | 4.42M | 3.87M | 4.88M | 15.96M | 14.31M |
| Cash, Cash Equivalents and Short-Term Investments | 581.44K | 581.44K | 1.37M | 1.68M | 1.90M | 4.61M |
| Total Debt | 0 | 0 | 0 | 0 | 132.84K | 0 |
| Total Liabilities | 2.61M | 2.61M | 2.42M | 2.63M | 3.09M | 1.89M |
| Stockholders Equity | 1.80M | 1.80M | 1.45M | 2.25M | 12.88M | 12.42M |
Cash Flow | ||||||
| Free Cash Flow | -2.34M | -2.34M | -2.69M | -3.94M | -4.87M | -4.99M |
| Operating Cash Flow | -2.34M | -2.34M | -2.68M | 0 | 0 | 0 |
| Investing Cash Flow | -315.02K | -315.02K | -53.66K | -1.65M | -3.34M | -3.34M |
| Financing Cash Flow | 1.87M | 1.87M | 2.42M | 3.42M | 2.16M | 9.09M |
NickelSearch Ltd. Peers Comparison
Overall Rating
AU:GT145Neutral
AU:NMT43Neutral
AU:WIN43Neutral- AU:AM540Underperform
AU:EG139Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:GT1 | 45Neutral | AUD 16.87M | -2.15 | -3.88% | ― | ― | 61.90% |
| AU:NMT | 43Neutral | AUD 23.65M | -2.97 | -43.52% | ― | ― | 76.51% |
| AU:WIN | 43Neutral | AUD 16.32M | -3.52 | -21.01% | ― | ― | 93.65% |
| AU:AM5 | 40Underperform | AUD 5.52M | -0.95 | -192.77% | ― | ― | 65.85% |
| AU:EG1 | 39Underperform | AUD 10.05M | -4.18 | -22.82% | ― | ― | 93.04% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:AM5 | NickelSearch Ltd. | 0.01 | 0.00 | 0.00% | |
| AU:NMT | Neometals Ltd. | 0.03 | -0.03 | -55.00% | |
| AU:WIN | Widgie Nickel Limited | 0.02 | -0.03 | -58.70% | |
| AU:GT1 | Green Technology Metals Limited | 0.01 | -0.01 | -44.00% | |
| AU:CCM | FYI Resources Limited | 0.02 | -0.04 | -61.40% | |
| AU:EG1 | Evergreen Lithium Ltd. | 0.02 | -0.03 | -54.00% |
NickelSearch Ltd. Corporate Events
Antares Metals Begins Maiden Drilling at Quinns Gold and Copper Project
Antares Metals Ltd, listed on the ASX as AM5, is a mineral exploration company focused on gold and copper projects in Western Australia and copper and uranium assets at Mt Isa North. Its flagship Quinns Gold and Copper Project spans 383 square kilome...
Antares Metals Sets AGM Date and Director Nomination Deadline
Antares Metals Ltd has scheduled its Annual General Meeting for 24 November 2026, with full details to be provided in a forthcoming Notice of Meeting to shareholders. The company continues to follow ASX governance and disclosure rules, underscoring i...
Antares Metals Sets Out Governance and Directory in 2026 Annual Report
Antares Metals Limited is an Australian-listed resources company focused on metals exploration and development, with its shares traded on the ASX under the code AM5. The company operates from West Perth, Western Australia, and is overseen by a board...
Antares Metals Sets October 2026 General Meeting, Urges Online Proxy Voting
Antares Metals Limited has called a General Meeting of shareholders for 19 October 2026 at its registered office in West Perth, Western Australia. The company will largely rely on electronic distribution of the Notice of Meeting and related documents...
Antares Metals calls October 2026 meeting to ratify major share placement and options issue
Antares Metals Limited has called a general meeting for 10:00am AWST on 19 October 2026 at its registered office in West Perth, Western Australia, to seek shareholder approvals related to recent and proposed capital raisings. The meeting will conside...
Antares Metals Issues Tranche 1 Placement Shares and Confirms Regulatory Compliance
Antares Metals has issued 214,025,723 fully paid ordinary shares to participants in the first tranche of a placement and confirmed that these shares were issued without a prospectus under the disclosure exemptions of the Corporations Act. The company...
Antares Metals Seeks ASX Quotation for Over 214 Million New Shares
Antares Metals Limited has lodged a new application with the ASX for quotation of 214,025,723 ordinary fully paid shares under the ticker AM5. The securities, issued on 17 September 2026 as part of previously announced transactions, expand the compan...
Antares Metals Plans Major Options and Share Placement on ASX
Antares Metals Limited has notified the ASX of a proposed issue of securities, comprising up to 148,506,431 unlisted options with a three-year term and an exercise price of $0.012, alongside 33,209,043 ordinary fully paid shares. The issue is structu...
Antares Metals Plans Major Share and Option Issue on ASX
Antares Metals Limited has announced a proposed issue of securities on the ASX, comprising up to 514,025,723 new ordinary fully paid shares and 257,012,862 unlisted options with a three-year term and an exercise price of $0.012. The issuance, structu...
Antares Metals Raises $2.57m to Accelerate Exploration Across WA and QLD
Antares Metals has secured firm commitments to raise $2.57 million through a discounted two-tranche share placement to professional and sophisticated investors, accompanied by free attaching options, to bolster exploration across its Western Australi...
Antares Metals Requests Trading Halt Ahead of Capital Raising Announcement
Antares Metals Ltd has requested a trading halt on its ASX-listed securities, effective immediately, as it prepares a material announcement related to a planned capital raising. The halt will remain in place until the announcement is released or norm...
Antares Metals Uncovers High-Grade Gold Targets at Quinns Project
Antares Metals has confirmed widespread high-grade gold mineralisation across three prospects at its Quinns Gold and Copper-Zinc VMS Project in Western Australia. Recent rock chip sampling returned assays up to 65.2 grams per tonne gold, with multipl...
Antares Metals Confirms Copper at Depth in Maiden Conglomerate Creek Drilling
Antares Metals has reported maiden reverse circulation drilling results from the Conglomerate Creek Target 2 prospect at its Mount Isa North Copper Project, confirming copper mineralisation in all six holes drilled. The program intersected the same q...
Antares Metals Secures WA Funding and Advances Drilling Across Key Copper-Gold Projects
Antares Metals reported material progress across its Western Australian and Queensland exploration hubs in the June quarter, highlighting advances at the Quinns Copper-Gold VMS Project and the Mt Isa North Copper-Uranium Project. The company continue...
Antares Wins Approval and Funding to Drill High-Grade Copper Targets at Quinns
Antares Metals has secured regulatory approval for its Program of Works at the Quinns Copper-Gold-Zinc VMS Project in Western Australia, allowing heritage surveys to begin in mid-August 2026 ahead of a maiden drilling campaign. Backed by $237,500 in...
Antares Metals Hits Target Vein System in Maiden Conglomerate Creek Drilling
Antares Metals has completed a maiden six-hole, 780m reverse circulation drilling program at the Conglomerate Creek Target 2 prospect within its Mount Isa North Copper Project in Queensland. The campaign is the first sub-surface test of a 2km by 2.5k...
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.
Date of analysis: Oct 04, 2026