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Neometals Ltd
(Sydney:NMT)
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Rating:45Neutral
Price Target:
AU$0.03
▲(0.00% Upside)
Action:Reiterated
Date:09/26/26
The score is primarily held down by weak financial performance—no meaningful revenue base, recurring losses, and ongoing negative free cash flow—alongside a shrinking equity cushion. Technicals are somewhat supportive in the near term (positive MACD and price above the 50/100-day averages) but remain constrained by the longer-term downtrend versus the 200-day average. Valuation is difficult to support due to negative earnings and no dividend yield data.
Positive Factors
Critical-metals technology platform
A proprietary process-development platform gives Neometals exposure to battery recycling and critical-metals markets without relying solely on conventional resource ownership. If its flowsheets progress through pilots and feasibility work, the technology can support licensing, royalties, and project participation over multiple years.
Negative Factors
No commercial revenue base
The absence of a meaningful revenue run-rate leaves Neometals dependent on project milestones, financing transactions, asset monetisation, or future plant commissioning. This makes earnings less predictable and shows that the technology portfolio has not yet translated into established commercial operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Critical-metals technology platform
A proprietary process-development platform gives Neometals exposure to battery recycling and critical-metals markets without relying solely on conventional resource ownership. If its flowsheets progress through pilots and feasibility work, the technology can support licensing, royalties, and project participation over multiple years.
Read all positive factors
Neometals Ltd (NMT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$27.15M
Dividend Yield26.19%
Average Volume (3M)1.36M
Price to Earnings (P/E)―
Beta (1Y)2.22
Revenue GrowthN/A
EPS Growth76.51%
CountryAU
Employees6
SectorIndustrials
Sector Strength72
IndustrySteel
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding875,897,400
10 Day Avg. Volume583,685
30 Day Avg. Volume1,361,808
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.82
Price to Sales (P/S)0.00
P/FCF Ratio-1.69
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
Neometals Ltd Business Overview & Revenue Model
Company Description
Neometals Ltd, an Australian entity headquartered in West Perth, was founded in 2001 and is primarily engaged in mineral exploration across Australia. The company's operations are structured into three distinct segments: Lithium, Titanium/Vanadium...
How the Company Makes Money
Neometals makes money primarily by developing resource-processing and recycling projects/technologies and monetising them through (1) equity interests in projects and project-level returns, and (2) technology commercialisation arrangements with pa...
Neometals Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
46
Neutral
Cash Flow
22
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 | -362.26K | -446.28K | -491.00K | -420.12K | -457.00K |
| EBITDA | -11.48M | -12.58M | -28.83M | -24.83M | -14.51M |
| Net Income | -7.65M | -31.02M | -69.11M | -34.80M | 4.36M |
Balance Sheet | |||||
| Total Assets | 22.06M | 24.29M | 42.13M | 114.27M | 146.98M |
| Cash, Cash Equivalents and Short-Term Investments | 3.54M | 4.44M | 9.65M | 25.20M | 62.39M |
| Total Debt | 4.24M | 4.50M | 4.11M | 937.67K | 371.76K |
| Total Liabilities | 6.30M | 6.10M | 5.66M | 20.75M | 20.39M |
| Stockholders Equity | 16.38M | 18.64M | 36.48M | 93.52M | 126.60M |
Cash Flow | |||||
| Free Cash Flow | -7.90M | -12.88M | -13.09M | -25.80M | -30.21M |
| Operating Cash Flow | -7.88M | -11.51M | -13.06M | -19.37M | -24.87M |
| Investing Cash Flow | 3.41M | -6.39M | -12.63M | -15.98M | -12.65M |
| Financing Cash Flow | 3.69M | 12.90M | 10.36M | -366.23K | 3.61M |
Neometals Ltd Technical Analysis
Positive
0.03
Price Trends
0.03
Positive
0.03
Positive
0.04
Negative
Market Momentum
<0.01
Positive
51.98
Neutral
61.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NMT, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.98 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:NMT.
Neometals Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | AU$37.69M | -8.16 | -19.15% | ― | ― | -11.36% | |
46 Neutral | AU$15.91M | -3.50 | -42.15% | ― | -11.28% | 41.18% | |
46 Neutral | AU$20.06M | -50.00 | -1.58% | ― | ― | 84.18% | |
45 Neutral | AU$27.15M | -3.52 | -43.52% | 26.19% | ― | 76.51% | |
42 Neutral | AU$33.60M | -3.50 | -12.51% | ― | ― | -59.40% | |
38 Underperform | AU$34.68M | -9.52 | -4.04% | ― | ― | ― |
* Industrials Sector Average
AU:NMT
Neometals Ltd
0.03
-0.02
-40.38%
AU:LIT
Lithium Australia NL
0.01
>-0.01
-28.57%
AU:LEL
Lithium Energy Ltd.
0.31
-0.07
-17.57%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
AU:LPM
Lithium Plus Minerals Ltd.
0.13
0.03
30.00%
AU:PL3
Patagonia Lithium Limited
0.12
0.08
166.67%
Neometals Ltd Corporate Events
Neometals Advances Critical Minerals Projects and Sustainable Processing Technologies
Sep 25, 2026
Neometals has outlined progress across its portfolio, highlighting near-term development potential at the Barrambie Gold Copper Project via an updated resource, scoping study and a profit-sharing mining services agreement, as well as promising co...
Neometals Sets 2026 AGM Date and Deadline for Director Nominations
Sep 24, 2026
Neometals Ltd has scheduled its Annual General Meeting for 11:00 a.m. AWST on 27 November 2026 at The Celtic Club in West Perth, confirming the session will be held in person with further participation details to follow in the formal meeting notic...
Neometals Starts Diamond Drilling to Extend Ironclad Gold and Test Rinaldi Copper Target
Sep 24, 2026
Neometals Ltd has commenced diamond drilling at its Barrambie Gold and Copper Project to extend the Ironclad gold deposit and test the T2 copper target at the Rinaldi prospect. The program includes diamond tails at Ironclad and Rinaldi plus a new ...
Neometals Shoring Up Working Capital Amid Delayed Placement Funds
Sep 17, 2026
Neometals Ltd has drawn down A$2.0 million under a standby loan facility provided by Coal Holdings Pty Ltd, secured over its shareholding in Avanti Exploration Pty Ltd. The funds will bolster working capital for near-term activities, leaving the c...
Neometals secures A$2m standby loan backed by Avanti stake
Sep 10, 2026
Neometals Ltd has executed definitive documentation for a standby loan facility of up to A$2 million with Coal Holdings Pty Ltd, secured by a first-ranking charge over its shareholding in Avanti Exploration. The facility, bearing 10% annual intere...
Neometals Secures ASX Waiver for Related-Party Loan Backed by Barrambie Security
Sep 10, 2026
Neometals Ltd has secured an ASX waiver from Listing Rule 10.1 to allow it and its subsidiary Avanti Exploration Pty Ltd to grant security over the Barrambie Project in favour of related party Coal Holdings Pty Ltd, backing a A$2 million loan faci...
Neometals Reports Strong Ironclad Gold Assays as Barrambie Steps Toward Development
Sep 3, 2026
Neometals Ltd is an Australian resources company focused on exploration and development, with a 100% ownership of the Barrambie Gold Project in Western Australia. The company is advancing gold and copper prospects, including the Ironclad gold depo...
Neometals Rinaldi Copper Assays Show No Significant Results, Further Drilling Planned
Aug 25, 2026
Neometals has reported that accelerated assays from a 45-metre interval at the bottom of reverse circulation drill hole 26RCRC006 at the Rinaldi T2 target returned no significant mineralisation, despite visual identification of pyrite, quartz vein...
Neometals Shares Halted Pending Assay Results on ASX
Aug 24, 2026
Neometals Ltd has requested and been granted a trading halt in its shares on the ASX from the open of trading on 24 August 2026. The halt follows discussions with the exchange and will remain in place until either the release of assay results or t...
Neometals Addresses ASX Query, Details Assay Timelines and Funding Uncertainty
Aug 24, 2026
Neometals Ltd has responded to an ASX price and volume query, stating it is not aware of any undisclosed information that could explain recent trading in its securities. The company highlighted that assay results from a recent copper and gold dril...
Neometals Secures Standby Debt Facility After Tranche 2 Funding Delay
Aug 23, 2026
Neometals has yet to receive $5 million from Omaha Value Holdings Inc. for its Tranche 2 placement, nor the $2.5 million owed under a personal guarantee from Michael S. Luther, leaving the timing of these funds uncertain and prompting the company ...
Neometals Confirms Deeper Copper Mineralisation at Barrambie’s Rinaldi Prospect
Aug 16, 2026
Neometals Ltd has reported initial assay results from reverse circulation drilling at the Rinaldi copper prospect within its Barrambie Gold Project in Western Australia. The latest program comprised four RC holes totaling 388 metres, aimed at test...
Neometals updates market on director Steven Cole’s increased equity stake
Aug 13, 2026
Neometals has reported a change in non-executive director Steven Cole’s indirect interest following the grant and vesting of performance rights through his associated entity Gidleigh Pty Ltd. Cole received 2,469,588 new 2027 performance righ...
Neometals Seeks ASX Quotation for New Share Issue
Aug 13, 2026
Neometals Ltd has applied to the ASX for quotation of 436,777 new ordinary fully paid shares, issued on 11 August 2026 under its ticker NMT. The additional securities arise from the exercise or conversion of existing options or other convertible i...
Neometals Issues 12.5 Million Unquoted Performance Rights Under Incentive Plan
Aug 13, 2026
Neometals Ltd has issued 12,469,588 unquoted performance rights under its employee incentive scheme, with the new securities carrying restrictions on transfer and not being quoted on the ASX until those restrictions lapse. The move signals the com...
Neometals calls guarantee after $5m placement payment delayed
Aug 10, 2026
Neometals has updated investors on the settlement of Tranche 2 of a share placement, revealing that Omaha Value Holdings Inc. failed to pay the agreed $5 million by the extended deadline. In response, the company has called a personal guarantee pr...
Neometals Defers Issue Date for Tranche 2 Placement
Aug 4, 2026
Neometals Ltd has updated its proposed securities placement, advising that the issue date for the primary subscriber in Tranche 2 has been deferred. The change aligns the issuance timetable with an extension of the due date for payment of Tranche ...
Neometals Cuts Executive Pay and Shifts Toward Performance-Based Equity
Aug 2, 2026
Neometals Ltd has implemented broad remuneration reductions for directors, senior management and staff as part of a capital discipline drive aimed at cutting cash personnel costs by about 25% year-on-year from 1 August 2026. The measures are desig...
Neometals Secures Extension and Partial Guarantee on $5m Placement Tranche
Jul 28, 2026
Neometals Ltd has agreed to extend the deadline for settlement of the second tranche of its previously approved placement, giving Omaha Value Holdings, Inc. until 7 August 2026 to pay $5 million in subscription funds. Omaha has reaffirmed its inte...
Neometals Flags Funding Uncertainty in Investor Update
Jul 22, 2026
Neometals Ltd has released an investor presentation providing a high-level update on its projects, activities and current funding situation as at late July 2026. The company emphasises that the materials are informational only and cautions investo...
Neometals Issues New Shares to Former Director Under Capital Raising Placement
Jul 1, 2026
Neometals has issued 625,000 new fully paid ordinary shares at A$0.04 each to former director Gregory Evans, following shareholder approval and as part of the placement component of its broader capital raising. The issuance, executed on the same t...
Neometals Faces Further Delay in Tranche Two Placement Funding
Jul 1, 2026
Neometals has yet to receive the subscription funds for the second tranche of a previously approved placement from Omaha Value Holdings, despite Omaha’s commitment to pay by 30 June 2026. The investor has cited delays in consolidating capita...
Neometals Discloses Equity Interests of New Director Darren Townsend
Jun 30, 2026
Neometals Ltd has disclosed the initial director’s interest notice for newly appointed director Darren Paul Townsend, effective 30 June 2026. The filing details his holdings of performance rights across multiple vesting years and his indirec...
Neometals director boosts stake via participation in capital raising
Jun 29, 2026
Neometals Ltd has reported a change in director Gregory Richard Evans’ relevant interest in the company, disclosing that his interest is held indirectly through the Evans Family Super Fund account. The filing notes that prior to this transac...
Neometals reshapes board and extends CEO deal amid funding milestone
Jun 28, 2026
Neometals has announced upcoming board changes, with directors Leslie Guthrie and Gregory Evans set to resign effective 30 June 2026, and chief operating officer Darren Townsend to be appointed as an interim executive director to maintain board co...
Neometals Seeks ASX Quotation for 625,000 New Shares
Jun 26, 2026
Neometals Ltd has applied to the Australian Securities Exchange for the quotation of 625,000 new ordinary fully paid shares, to be issued on June 29, 2026, under its existing capital management arrangements. The additional securities, lodged via a...
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.