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Industrial Minerals Limited
(Sydney:IND)
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Rating:41Neutral
Price Target:
AU$0.10
â–Ľ(-16.67% Downside)
Action:Reiterated
Date:09/18/26
The score is driven primarily by very weak financial performance (no revenue, ongoing losses, and negative operating/free cash flow), only partly offset by low leverage and some improvement in 2026 loss and cash-burn trends. Technicals add pressure with a bearish trend (price below key moving averages and negative MACD), while valuation provides little support because the company is loss-making (negative P/E) and has no stated dividend yield.
Positive Factors
Low leverage
Minimal and declining debt reduces balance-sheet risk and preserves financial flexibility over the next several months. A lighter debt burden can lower funding pressure and leave more capacity for development spending, although it has not yet produced positive returns.
Negative Factors
No revenue traction
The absence of reported revenue across six annual periods indicates that the company has not yet demonstrated commercial traction or a functioning revenue engine. This weakens visibility on future growth and leaves the business exposed to continued development and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Minimal and declining debt reduces balance-sheet risk and preserves financial flexibility over the next several months. A lighter debt burden can lower funding pressure and leave more capacity for development spending, although it has not yet produced positive returns.
Read all positive factors
Industrial Minerals Limited (IND) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.08M
Dividend YieldN/A
Average Volume (3M)61.81K
Price to Earnings (P/E)―
Beta (1Y)-0.26
Revenue GrowthN/A
EPS Growth72.94%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding162,690,120
10 Day Avg. Volume84,713
30 Day Avg. Volume61,815
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)2.78
Price to Sales (P/S)0.00
P/FCF Ratio-26.54
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
Industrial Minerals Limited Business Overview & Revenue Model
Company Description
Industrial Minerals Ltd is an Australian-based enterprise specializing in the exploration and development of various mineral projects. The company's primary focus involves prospecting for essential industrial minerals such as gypsum, salt, silica ...
How the Company Makes Money
null...
Industrial Minerals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
56
Neutral
Cash Flow
28
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -53.10K | -65.32K | -36.35K | -36.35K | -10.76K |
| EBITDA | -529.85K | -2.28M | -812.00K | -1.50M | -1.22M |
| Net Income | -679.07K | -2.35M | -1.68M | -1.55M | -1.24M |
Balance Sheet | |||||
| Total Assets | 5.00M | 3.37M | 3.29M | 3.29M | 4.29M |
| Cash, Cash Equivalents and Short-Term Investments | 2.08M | 881.84K | 358.95K | 1.20M | 3.41M |
| Total Debt | 30.78K | 119.26K | 105.40K | 138.98K | 172.13K |
| Total Liabilities | 822.06K | 444.69K | 490.04K | 350.11K | 416.91K |
| Stockholders Equity | 4.17M | 2.93M | 2.80M | 2.94M | 3.88M |
Cash Flow | |||||
| Free Cash Flow | -437.62K | -845.48K | -2.42M | -2.18M | -1.48M |
| Operating Cash Flow | -406.54K | -845.48K | -827.56K | -904.17K | -916.04K |
| Investing Cash Flow | -225.53K | -755.59K | -1.60M | -1.27M | -563.39K |
| Financing Cash Flow | 1.83M | 2.12M | 1.59M | -33.15K | 4.61M |
Industrial Minerals Limited Technical Analysis
Negative
0.12
Price Trends
0.11
Negative
0.13
Negative
0.13
Negative
Market Momentum
>-0.01
Positive
29.90
Positive
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IND, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 29.90 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:IND.
Industrial 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% | |
44 Neutral | AU$8.42M | -6.26 | -32.43% | ― | ― | 82.46% | |
41 Neutral | AU$17.08M | -12.80 | -20.00% | ― | ― | 72.94% | |
41 Neutral | AU$6.54M | -3.39 | -36.71% | ― | ― | 25.33% | |
41 Neutral | AU$6.57M | -1.05 | -42.24% | 270.27% | ― | 40.33% |
* Basic Materials Sector Average
AU:IND
Industrial Minerals Limited
0.11
-0.08
-41.67%
AU:BMM
Balkan Mining and Minerals Ltd
0.06
-0.13
-68.21%
AU:WYX
Pacific Bauxite Limited
0.04
<0.01
2.70%
AU:MML
Allup Silica Ltd.
0.01
>-0.01
-38.10%
AU:KM1
Kali Metals Limited
0.10
-0.07
-42.35%
Industrial Minerals Limited Corporate Events
Industrial Minerals Sets AGM Date and Board Nomination Deadline
Sep 17, 2026
Industrial Minerals Ltd has scheduled its Annual General Meeting for 17 November 2026, giving shareholders a clear timetable for key governance decisions and corporate updates. The company has also set 29 September 2026 as the deadline for nominat...
Industrial Minerals Lodges ASX Governance Disclosure for 2026 Financial Year
Sep 15, 2026
Industrial Minerals Ltd has detailed its corporate governance arrangements for the financial year ended 30 June 2026 in a statement hosted on its website, in line with ASX Listing Rule requirements. The statement was approved by the board and is c...
Industrial Minerals Limited Releases Full-Year 2026 Annual Report
Sep 15, 2026
Industrial Minerals Limited has released its annual report for the year ended 30 June 2026, outlining a comprehensive review of operations, environmental, social and governance initiatives and detailed financial performance. The report also covers...
Gundara Enterprises Ceases to Be Substantial Holder in Industrial Minerals Ltd
Aug 27, 2026
Industrial Minerals Ltd has disclosed that Gundara Enterprises Pty Ltd has ceased to be a substantial holder in the company following a dilution event. The notice records that Gundara’s relevant interest in 4,075,000 fully paid ordinary shar...
Tristar Nominees Ceases to Be Substantial Holder in Industrial Minerals
Aug 27, 2026
Industrial Minerals Ltd has disclosed that Tristar Nominees Pty Ltd has ceased to be a substantial holder in the company following a dilution event affecting 6,090,000 fully paid ordinary shares. The change, formally notified under Australia’...
Industrial Minerals Issues Over 16.6 Million Escrowed Shares on ASX
Aug 27, 2026
Industrial Minerals Ltd has notified the market of the issue of 16,603,571 new fully paid ordinary shares, which will be subject to a 12-month escrow period from the date of issue on August 27, 2026. The unquoted securities issuance, detailed in a...
Industrial Minerals Finalises Director Departure and Share-Based Fee Settlement
Aug 27, 2026
Industrial Minerals Ltd has announced the departure of director Alexander James Neuling from the board, effective 27 August 2026, and lodged a final director’s interest notice with the ASX. Neuling’s indirect interests include stakes h...
Industrial Minerals Appoints New Director and Details Equity Interests
Aug 27, 2026
Industrial Minerals Limited has appointed Warrick Clent as a director effective 27 August 2026, and disclosed his initial interests in the company’s securities in accordance with ASX listing requirements. The filing outlines Clent’s di...
Industrial Minerals Issues New Shares and Confirms Compliance With Disclosure Rules
Aug 27, 2026
Industrial Minerals Ltd has issued 62,367,716 fully paid ordinary shares following shareholder approval at a recent general meeting, with 45,764,046 new shares freely tradable and 16,603,571 subject to a 12‑month escrow period. The company h...
Industrial Minerals Ltd Issues 8.8 Million Unquoted Performance Rights
Aug 27, 2026
Industrial Minerals Ltd has notified the market of the issuance of a series of unquoted performance rights as part of its equity compensation structure. These securities are not quoted and are not intended to be quoted on the ASX, reflecting a foc...
Industrial Minerals Seeks ASX Quotation for 45.8 Million New Shares
Aug 27, 2026
Industrial Minerals Ltd has lodged an application with the ASX for the quotation of additional ordinary fully paid shares. The move reflects the company’s ongoing capital management and supports its positioning in the industrial minerals sec...
Industrial Minerals Completes Galleon Deal and Reshapes Board
Aug 27, 2026
Industrial Minerals Ltd, an Australian exploration company, is building a portfolio of high-value mineral assets in Western Australia. Its flagship Laverton Gold Project sits in a well-endowed gold district near major deposits, complemented by a h...
Industrial Minerals Confirms Priority Gold Target at Laverton’s North Pool
Aug 23, 2026
Industrial Minerals has reinterpreted existing aeromagnetic and gravity data over the North Pool prospect within the Laverton Gold Project, confirming a strong, coherent geophysical target along the Chatterbox Shear Zone. The feature extends for a...
Industrial Minerals Wins Strong Shareholder Backing for Galleon Metals Deal and Board Refresh
Aug 21, 2026
Industrial Minerals Limited shareholders have overwhelmingly approved all resolutions at a 21 August general meeting, including the acquisition of Galleon Metals and the issue of consideration shares to its vendors. Investors also backed the ratif...
Industrial Minerals pivots into gold with Laverton portfolio acquisition
Jul 28, 2026
Industrial Minerals Ltd has agreed to acquire the Laverton Gold Portfolio in Western Australia, a package of 15 exploration licences spanning about 205 square kilometres in the highly prospective Laverton Tectonic Zone. The all-share deal, valued ...
Industrial Minerals calls crucial shareholder vote on Galleon Metals acquisition
Jul 23, 2026
Industrial Minerals Ltd has called a general meeting for 21 August 2026 in Peppermint Grove, Western Australia, with shareholder eligibility determined as at 19 August 2026. The meeting will consider several resolutions that are critical to a prop...
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.