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Apollo Minerals Limited
(Sydney:AON)
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Rating:46Neutral
Price Target:
AU$0.06
▲(530.00% Upside)
Action:Reiterated
Date:10/03/26
The score is driven primarily by weak financial performance (near-zero revenue, recurring losses, and continued cash burn), partially offset by a debt-free balance sheet and improved equity base. Technical indicators are mixed-to-neutral and do not meaningfully offset the fundamental cash burn. Valuation is constrained by negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces refinancing pressure and interest obligations while giving Apollo greater flexibility to manage exploration spending. This provides a durable solvency advantage relative to leveraged peers, although it does not eliminate the need to fund ongoing losses.
Negative Factors
Minimal-to-zero revenue
The absence of meaningful revenue shows that Apollo has not yet established a commercial operating base capable of funding its activities. Until exploration projects progress toward viable resources or production, the company remains dependent on capital support rather than internally generated business income.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces refinancing pressure and interest obligations while giving Apollo greater flexibility to manage exploration spending. This provides a durable solvency advantage relative to leveraged peers, although it does not eliminate the need to fund ongoing losses.
Read all positive factors
Apollo Minerals Limited (AON) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$81.90M
Dividend YieldN/A
Average Volume (3M)2.86M
Price to Earnings (P/E)―
Beta (1Y)-0.07
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,259,952,900
10 Day Avg. Volume2,070,407
30 Day Avg. Volume2,864,252
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)3.84
Price to Sales (P/S)0.00
P/FCF Ratio-16.19
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
Apollo Minerals Limited Business Overview & Revenue Model
Company Description
Established in 2007, Apollo Minerals Limited is an Australian company, headquartered in Perth, that specializes in the discovery and advancement of mineral resources. Its primary asset is the wholly-owned Kroussou zinc-lead project, an exploration...
How the Company Makes Money
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Apollo Minerals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 61.37K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -33.08K | 61.37K | -55.43K | -35.45K | -4.16K |
| EBITDA | -4.60M | -4.44M | -3.30M | -4.02M | -1.82M |
| Net Income | -5.74M | -4.34M | -2.91M | -4.04M | -1.82M |
Balance Sheet | |||||
| Total Assets | 15.85M | 10.51M | 11.61M | 9.76M | 11.82M |
| Cash, Cash Equivalents and Short-Term Investments | 7.74M | 1.26M | 2.25M | 1.71M | 3.69M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.26M | 828.88K | 744.20K | 538.91K | 1.14M |
| Stockholders Equity | 14.67M | 9.75M | 10.93M | 9.27M | 10.73M |
Cash Flow | |||||
| Free Cash Flow | -3.48M | -4.29M | -2.61M | -3.96M | 4.24M |
| Operating Cash Flow | -3.45M | -4.29M | -2.61M | -3.71M | -962.93K |
| Investing Cash Flow | -28.97K | 200.00K | -76.55K | -250.00K | -5.21M |
| Financing Cash Flow | 9.96M | 3.10M | 3.23M | 1.98M | 6.81M |
Apollo 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$82.07M | -8.55 | -7.34% | ― | -100.00% | 22.03% | |
46 Neutral | AU$81.90M | -10.85 | -57.60% | ― | ― | ― | |
46 Neutral | AU$55.74M | -15.56 | -7.44% | ― | ― | 25.00% | |
45 Neutral | AU$55.46M | -4.55 | -63.91% | ― | ― | -140.38% | |
44 Neutral | AU$79.86M | -29.87 | -2.99% | ― | -100.00% | 70.00% | |
43 Neutral | AU$64.83M | -4.42 | -16.19% | ― | ― | 46.91% |
* Basic Materials Sector Average
AU:AON
Apollo Minerals Limited
0.06
0.05
481.82%
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Apollo Minerals Limited Corporate Events
Apollo Minerals Files Updated ASX Corporate Governance Statement for FY 2026
Sep 30, 2026
Apollo Minerals Limited has lodged its updated corporate governance statement for the financial year ended 30 June 2026, confirming compliance with ASX Listing Rules. The statement is hosted on the company’s website and has been approved by ...
Apollo Minerals Details Corporate Structure in 2026 Annual Report
Sep 30, 2026
Apollo Minerals Limited has released its 2026 annual report, outlining its corporate structure, board composition and international operational presence. The report confirms the company’s continued listing on the Australian Securities Exchan...
Apollo Minerals Deepens French Ties with Strategic Geophysical Survey at Couflens
Sep 21, 2026
Apollo Minerals has partnered with France’s national geological survey BRGM to conduct a detailed airborne geophysical survey over key target areas of its Couflens Tungsten-Gold Project, including the historic Salau mine trend. The helicopte...
Apollo Minerals Issues 5 Million Unquoted Employee Incentive Options
Aug 28, 2026
Apollo Minerals Limited has notified the market of the issuance of 5,000,000 unquoted options exercisable at $0.06 and expiring on February 19, 2029, under an employee incentive scheme. The move underscores the company’s continued reliance o...
Apollo Minerals Highlights Strategic French Tungsten‑Gold Project Backed by EU Support
Aug 26, 2026
Apollo Minerals is advancing its Couflens high‑grade tungsten‑gold project in France, a brownfields mine with historic production of high‑grade tungsten and additional upside in gold and other critical metals. The project benefit...
Apollo Minerals Advances French Tungsten-Gold Project and Gains Euronext Listing
Jul 31, 2026
Apollo Minerals reported continued progress at its Couflens project in France during the June quarter, advancing historical data review, permitting and stakeholder engagement to prepare for future mine access at the Salau deposit. The company also...
Apollo Minerals Seeks Trading Halt Ahead of Couflens Legal Update
Jul 22, 2026
Apollo Minerals Limited has requested a voluntary trading halt on its ASX-listed securities, with the halt to remain in place until an upcoming announcement is released or normal trading resumes on 27 July 2026. The move follows a legal matter con...
Apollo Minerals Director Increases Shareholding Through Option Exercise
Jul 3, 2026
Apollo Minerals has adjusted the equity holdings of director Neil Inwood following the exercise of unlisted incentive options. Inwood acquired 3 million ordinary shares at an exercise price of $0.05 each for a total consideration of $150,000, incr...
Apollo Minerals Issues New Shares While Affirming Regulatory Compliance
Jul 3, 2026
Apollo Minerals Limited has issued 5,720,001 fully paid ordinary shares, adding to its existing class of securities quoted on the Australian Securities Exchange. The company stated that the shares were issued without a disclosure document under th...
Apollo Minerals Seeks ASX Quotation for 5.7 Million New Shares
Jul 3, 2026
Apollo Minerals Limited has lodged an application with the ASX for quotation of 5,720,001 ordinary fully paid shares, with an issue date of June 30, 2026. The new securities, arising from the exercise or conversion of existing instruments, expand ...
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.