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Heavy Minerals Ltd
(Sydney:HVY)
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Rating:42Neutral
Price Target:
AU$0.26
â–¼(-47.20% Downside)
Action:Reiterated
Date:10/07/26
The score is driven primarily by weak financial performance: persistent losses, zero revenue in the latest period, ongoing cash burn, and a weakening balance sheet with rising debt and shrinking equity. Technicals are also unfavorable with the price below major moving averages and negative MACD, while valuation provides limited support due to a negative P/E and no dividend data.
Positive Factors
Focused Heavy Mineral Sands Portfolio
HVY has a clearly defined exploration mandate focused on heavy mineral sands and products with established industrial applications. This specialization can support disciplined capital allocation and project development expertise if exploration identifies deposits that are commercially viable.
Negative Factors
Persistent Losses and No Recent Revenue
HVY has not demonstrated a profitable operating model, with losses recurring across all reported periods and revenue disappearing in 2026. This weak earnings base limits internally generated funding, raises execution risk, and makes sustained project advancement dependent on future financing or monetisation.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused Heavy Mineral Sands Portfolio
HVY has a clearly defined exploration mandate focused on heavy mineral sands and products with established industrial applications. This specialization can support disciplined capital allocation and project development expertise if exploration identifies deposits that are commercially viable.
Read all positive factors
Heavy Minerals Ltd (HVY) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$20.42M
Dividend YieldN/A
Average Volume (3M)23.28K
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue GrowthN/A
EPS Growth-81.45%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.04
Shares Outstanding74,243,590
10 Day Avg. Volume19,973
30 Day Avg. Volume23,279
Financial Highlights & Ratios
PEG Ratio-0.12
Price to Book (P/B)26.00
Price to Sales (P/S)0.00
P/FCF Ratio-41.18
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
Heavy Minerals Ltd Business Overview & Revenue Model
Company Description
Heavy Minerals Limited, established in 2021 and based in Perth, Australia, specializes in the exploration and development of mineral resource projects. Their operations span both Western Australia and Mozambique, focusing on unearthing deposits of...
Heavy Minerals Ltd Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
28
Negative
Cash Flow
17
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 44.13K | 40.17K | 27.34K | 8.80K |
| Gross Profit | -80.68K | 44.13K | 40.17K | 7.23K | 6.76K |
| EBITDA | -2.77M | -1.38M | -1.05M | -1.15M | -1.05M |
| Net Income | -2.84M | -1.48M | -1.15M | -1.17M | -1.05M |
Balance Sheet | |||||
| Total Assets | 5.36M | 5.31M | 4.40M | 3.54M | 4.47M |
| Cash, Cash Equivalents and Short-Term Investments | 35.72K | 33.17K | 47.48K | 319.90K | 2.41M |
| Total Debt | 3.59M | 2.36M | 853.39K | 0.00 | 0.00 |
| Total Liabilities | 4.34M | 2.97M | 1.19M | 76.03K | 129.07K |
| Stockholders Equity | 1.06M | 2.37M | 3.26M | 3.51M | 4.39M |
Cash Flow | |||||
| Free Cash Flow | -666.68K | -1.71M | -1.38M | -2.09M | -2.76M |
| Operating Cash Flow | -666.68K | -721.70K | -616.66K | -866.26K | -1.36M |
| Investing Cash Flow | -770.41K | -991.53K | -766.12K | 279.28K | -2.90M |
| Financing Cash Flow | 1.44M | 1.70M | 1.11M | -4.75K | 5.14M |
Heavy Minerals Ltd Technical Analysis
Negative
0.50
Price Trends
0.33
Negative
0.38
Negative
0.44
Negative
Market Momentum
-0.02
Positive
35.03
Neutral
14.07
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HVY, the sentiment is Negative. The current price of 0.5 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.33, and above the 200-day MA of 0.44, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 35.03 is Neutral, neither overbought nor oversold. The STOCH value of 14.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HVY.
Heavy Minerals Ltd 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% | |
46 Neutral | AU$21.19M | -0.25 | -943.96% | 12.16% | 397.37% | -578.07% | |
45 Neutral | AU$15.24M | -12.00 | -8.30% | ― | ― | -40.00% | |
44 Neutral | AU$15.45M | -0.29 | -63.22% | ― | ― | -138.28% | |
44 Neutral | AU$31.50M | -6.04 | -20.81% | ― | ― | -20.45% | |
42 Neutral | AU$20.42M | -6.86 | -163.69% | ― | ― | -81.45% | |
41 Neutral | AU$15.94M | -11.95 | -20.00% | ― | ― | 72.94% |
* Basic Materials Sector Average
AU:HVY
Heavy Minerals Ltd
0.28
-0.19
-40.22%
AU:SFX
Sheffield Resources Limited
0.04
-0.09
-68.80%
AU:TSL
Titanium Sands
0.01
0.00
0.00%
AU:IMA
Image Resources NL
0.02
-0.06
-76.25%
AU:VRX
VRX Silica Ltd.
0.03
-0.06
-65.22%
AU:IND
Industrial Minerals Limited
0.10
-0.05
-34.67%
Heavy Minerals Ltd Corporate Events
Heavy Minerals Ltd plans new performance rights issue to support long-term incentives
Oct 28, 2026
Heavy Minerals Ltd has notified the ASX of a proposed issue of 6,750,000 unquoted performance rights, which will expire four years from the grant date and are subject to vesting conditions. The rights, to be issued on 1 December 2026 as part of a ...
Heavy Minerals Sets November AGM, Moves to Electronic Meeting Materials
Oct 28, 2026
Heavy Minerals Limited has called its Annual General Meeting for shareholders to be held in Perth at 11:30 a.m. AWST on 30 November 2026, outlining the logistical details for attendance and participation. The company is shifting to electronic dist...
Heavy Minerals Sets November AGM to Consider Governance and Capital Flexibility
Oct 28, 2026
Heavy Minerals Ltd has called its annual general meeting for 30 November 2026 in Perth, where shareholders will review the annual report for the year ended 30 June 2026, including financial, directors’, remuneration and audit disclosures. Wh...
Heavy Minerals Sets AGM Date as Garnet Projects Advance
Oct 21, 2026
Heavy Minerals Limited has scheduled its 2026 Annual General Meeting for 30 November 2026, with a formal notice to be released to shareholders later in October. The meeting date underscores routine corporate governance processes as the company adv...
Heavy Minerals Director Realigns Equity Holdings Through Share Conversion
Oct 20, 2026
Heavy Minerals Limited has reported a change in the shareholdings of director Christopher Adam Siddons Schofield, as required under ASX listing rules. The notice details adjustments to his mix of ordinary shares, options, and performance rights, c...
Heavy Minerals issues new shares and reaffirms mineral project assumptions
Oct 20, 2026
Heavy Minerals Ltd has issued 850,000 fully paid ordinary shares on 20 October 2026 under provisions of the Corporations Act that allow share issues without a prospectus. The company stated it is compliant with its continuous disclosure and financ...
Heavy Minerals Seeks ASX Quotation for 850,000 New Shares
Oct 20, 2026
Heavy Minerals Ltd has applied to the ASX for the quotation of 850,000 new ordinary fully paid shares under its ticker HVY. The new securities, issued on 20 October 2026 following the exercise or conversion of existing instruments, will expand the...
Heavy Minerals Issues 1 Million Unquoted Options in Capital Management Move
Oct 20, 2026
Heavy Minerals Ltd has notified the market of the issue of 1,000,000 unquoted options, each with an exercise price of $0.368 and an expiry date of October 20, 2029. The options, which are not intended to be quoted on the ASX, were issued under a p...
Heavy Minerals Ltd Plans Issue of 1 Million Unquoted Options
Oct 9, 2026
Heavy Minerals Ltd has announced a proposed issue of 1,000,000 unquoted options as part of a placement or similar capital management initiative. The options are priced at $0.368 and are scheduled to expire on 12 October 2029, with the proposed iss...
Heavy Minerals sets 2026 AGM date and director nomination deadline
Oct 7, 2026
Heavy Minerals Limited has scheduled its Annual General Meeting for 26 November 2026, with a formal notice to be issued to shareholders in mid to late October. The meeting will include the election of directors, and the company has set 5:00pm AWST...
Heavy Minerals Advances Red Hill Toward Maiden Garnet Resource
Oct 4, 2026
Heavy Minerals Ltd has commissioned Mineral Technologies to build a geological model and deliver a maiden JORC-compliant Mineral Resource estimate for its 100%-owned Red Hill Garnet Project in Western Australia, using existing drilling, assay and ...
Heavy Minerals Shares Reinstated to ASX Quotation After Annual Report Lodgement
Oct 2, 2026
Trading in Heavy Minerals Limited shares on the ASX will resume from the start of Monday, 5 October 2026, after the company lodged its Annual Financial Report for the year ended 30 June 2026. The reinstatement to quotation restores liquidity for s...
Heavy Minerals Updates ASX Corporate Governance Disclosures
Oct 2, 2026
Heavy Minerals Limited has lodged its updated corporate governance statement for the year ended 30 June 2026 with the ASX, confirming compliance with key Corporate Governance Council principles. The statement, current as of 2 October 2026, is host...
Heavy Minerals Tightens Board Oversight With Updated Governance Charter
Oct 2, 2026
Heavy Minerals Ltd has reaffirmed its commitment to high standards of corporate governance, stating that its practices largely align with the ASX Corporate Governance Council’s 4th Edition Principles and Recommendations. The board acknowledg...
Heavy Minerals Limited Publishes 2026 Annual Report
Oct 2, 2026
Heavy Minerals Limited has released its annual report for the year ended 30 June 2026, outlining consolidated financial performance, cash flows and changes in equity across the company and its controlled entities. The report also details corporate...
Heavy Minerals Suspended from ASX Quotation Over Late Periodic Report
Oct 1, 2026
Heavy Minerals Ltd has had its securities suspended from quotation on the ASX after failing to lodge its required periodic report by the specified deadline. The suspension, imposed under Listing Rule 17.5 alongside several other issuers, will rema...
Heavy Minerals Corrects Expired Performance Rights Disclosure
Sep 17, 2026
Heavy Minerals Ltd has corrected a prior disclosure regarding the cessation of securities, specifically updating the reported number of expired performance rights. The company now states that 1,440,408 performance rights have lapsed, amending an e...
Heavy Minerals Director Updates Equity-Based Holdings
Sep 14, 2026
Heavy Minerals Limited has disclosed a change in director Christopher Adam Siddons Schofield’s interests, in line with ASX listing rules governing director shareholdings and notifiable interests. The notice details adjustments to his equity&...
Heavy Minerals Tightens Capital Structure as Performance Rights Expire
Sep 14, 2026
Heavy Minerals Ltd has confirmed the lapse of 2,565,408 performance rights, classified under the ASX code HVYAK, following their expiry without being exercised or converted on 14 September 2026. The cessation of these securities reduces the compan...
Heavy Minerals Adds 300,000 New Shares to ASX Quotation
Aug 20, 2026
Heavy Minerals Ltd has applied for quotation on the ASX of 300,000 additional ordinary fully paid shares under its existing HVY ticker. The new securities, issued on August 20, 2026, modestly increase the company’s tradable share base and ma...
Heavy Minerals taps ATM facility at premium to fund garnet project pipeline
Aug 18, 2026
Heavy Minerals Limited has raised $80,000 through its at-the-market subscription agreement with Acuity Capital by setting off 210,000 previously issued collateral shares, reducing Acuity’s remaining collateral obligation to 3.29 million shar...
Heavy Minerals Issues New Unquoted Options Under Incentive Structure
Aug 11, 2026
Heavy Minerals Ltd has notified the market of the issue of 30,000 unquoted options with an exercise price of $0.6357, expiring on July 28, 2028. The new options, recorded via an ASX Appendix 3G filing, modestly expand the company’s pool of i...
Heavy Minerals Ltd to Quote 1.25 Million New Shares on ASX
Aug 11, 2026
Heavy Minerals Ltd has lodged an application with the ASX for quotation of 1,250,000 new ordinary fully paid shares, to be issued on 11 August 2026. The additional securities expand the company’s listed capital base, potentially enhancing li...
Heavy Minerals Issues New Shares as Garnet Projects Advance
Aug 11, 2026
Heavy Minerals Ltd has issued 1,250,000 fully paid ordinary shares, utilising provisions that allow the issuance without a prospectus while confirming compliance with key continuous disclosure and reporting obligations under the Corporations Act. ...
Heavy Minerals Plans Issue of 30,000 Unquoted Options
Aug 11, 2026
Heavy Minerals Ltd has notified the ASX of a proposed issue of 30,000 unquoted options, exercisable at $0.6357 and expiring on 28 July 2028, as part of a placement or other type of securities issue. The options, to be issued on 11 August 2026 subj...
Heavy Minerals Options Lapse, Slightly Simplifying Capital Structure
Aug 3, 2026
Heavy Minerals Ltd has confirmed the expiry of 20,000 options with an exercise price of $0.25, which lapsed unexercised on 30 July 2026. The cessation of these options slightly reduces the company’s potential future share issuance, simplifyi...
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.