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OD6 Metals Ltd.
(Sydney:OD6)
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Rating:44Neutral
Price Target:
AU$0.12
â–¼(-10.77% Downside)
Action:Reiterated
Date:09/23/26
The score is primarily constrained by weak financial performance: no revenue, widening losses, and sustained negative free cash flow raise execution and future funding/dilution risk despite a debt-free recent balance sheet and improved equity. Technicals are broadly neutral with limited momentum, and valuation lacks support due to negative earnings and no dividend yield data.
Positive Factors
Debt-free balance sheet
A debt-free balance sheet reduces mandatory interest and repayment obligations while the company funds exploration. This gives OD6 greater financial flexibility than a leveraged explorer and lowers solvency pressure, although continued losses still require careful capital management.
Negative Factors
No operating revenue
The absence of operating revenue means OD6 has not yet demonstrated a commercial cash-generating business model. Until a discovery is monetised or production begins, the company remains dependent on external funding and exposed to prolonged development timelines.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free balance sheet reduces mandatory interest and repayment obligations while the company funds exploration. This gives OD6 greater financial flexibility than a leveraged explorer and lowers solvency pressure, although continued losses still require careful capital management.
Read all positive factors
OD6 Metals Ltd. (OD6) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$32.43M
Dividend YieldN/A
Average Volume (3M)484.58K
Price to Earnings (P/E)―
Beta (1Y)1.98
Revenue GrowthN/A
EPS Growth-37.56%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.03
Shares Outstanding294,862,370
10 Day Avg. Volume284,064
30 Day Avg. Volume484,584
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)1.80
Price to Sales (P/S)0.00
P/FCF Ratio-15.96
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
OD6 Metals Ltd. Business Overview & Revenue Model
Company Description
OD6 Metals Limited is a mineral exploration company primarily engaged in identifying and developing rare earth element deposits. The firm holds full ownership of two key projects in Western Australia: the Splinter Rock project, which includes six ...
How the Company Makes Money
OD6 Metals does not typically earn recurring operating revenue in the way a producing miner or services business does; instead, its funding and value realisation are generally tied to the mineral exploration and project development cycle. The comp...
OD6 Metals Ltd. Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very 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 | -35.78K | 0.00 | 0.00 | 0.00 | ― |
| EBITDA | -4.04M | -1.25M | -1.57M | -1.42M | -1.24M |
| Net Income | -5.92M | -2.62M | -440.85K | -1.36M | -1.34M |
Balance Sheet | |||||
| Total Assets | 13.86M | 8.32M | 9.70M | 8.61M | 9.39M |
| Cash, Cash Equivalents and Short-Term Investments | 3.17M | 1.09M | 2.33M | 3.52M | 8.36M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.17M | 297.10K | 472.19K | 945.59K | 670.20K |
| Stockholders Equity | 12.69M | 8.02M | 9.23M | 7.67M | 8.72M |
Cash Flow | |||||
| Free Cash Flow | -1.43M | -2.23M | -2.81M | -3.52M | -659.40K |
| Operating Cash Flow | -1.38M | -603.36K | 23.87K | -972.00 | -490.00 |
| Investing Cash Flow | -3.10M | -1.62M | -2.84M | -3.52M | -658.91K |
| Financing Cash Flow | 6.57M | 989.41K | 1.62M | -347.00K | 9.51M |
OD6 Metals Ltd. Technical Analysis
Negative
0.13
Price Trends
0.12
Negative
0.12
Negative
0.11
Negative
Market Momentum
>-0.01
Positive
41.64
Neutral
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OD6, the sentiment is Negative. The current price of 0.13 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.12, and above the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.64 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:OD6.
OD6 Metals 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% | |
52 Neutral | AU$36.97M | -19.86 | -6.13% | ― | ― | 4.55% | |
47 Neutral | AU$72.47M | -15.35 | -13.77% | ― | ― | 1.22% | |
45 Neutral | AU$40.58M | -1.89 | 337.06% | ― | ― | 50.00% | |
44 Neutral | AU$32.43M | -4.06 | -51.72% | ― | ― | -37.56% | |
44 Neutral | AU$38.77M | -3.55 | -24.22% | ― | ― | -28.87% | |
42 Neutral | AU$30.83M | -0.25 | -154.66% | 2.50% | ― | -1311.11% |
* Basic Materials Sector Average
AU:OD6
OD6 Metals Ltd.
0.11
0.05
71.88%
AU:COB
Cobalt Blue Holdings
0.07
<0.01
6.56%
AU:AW1
American West Metals Ltd.
0.03
<0.01
10.00%
AU:ADN
Andromeda Metals Limited
0.01
-0.01
-50.00%
AU:G11
Odin Metals Ltd
0.28
0.06
27.27%
AU:NNL
Nordic Nickel Limited
0.20
>-0.01
-2.50%
OD6 Metals Ltd. Corporate Events
OD6 Metals Sets Director Nomination Deadline Ahead of November AGM
Sep 21, 2026
OD6 Metals Ltd. has announced that it will hold its Annual General Meeting of shareholders in November 2026, providing formal notice of the timetable for board-related governance matters. The company has set 5:00 p.m. WST on 29 September 2026 as t...
OD6 Metals Details Compliance With ASX Corporate Governance Principles
Sep 21, 2026
OD6 Metals has confirmed that its corporate governance framework complies with key ASX recommendations, including a Board Charter that clearly defines the roles and responsibilities of the board, chair, management and company secretary. The framew...
OD6 Maps 1.5km High-Grade Fluorspar Corridor at Nevada Quinn Project
Sep 16, 2026
OD6 Metals has reported a new high-grade fluorspar discovery at its 100%-owned Quinn Fluorspar Project in Nevada, identifying a mineralised zone at North Horseshoe Canyon that returned rock-chip assays of up to 60% CaF2. The fluorspar outcrops ove...
OD6 Metals Launches New Website and Interactive Investor Hub to Boost Investor Engagement
Sep 10, 2026
OD6 Metals has launched a new corporate website and interactive Investor Hub designed to centralise company information and improve accessibility for shareholders and prospective investors. The platform offers a clearer view of OD6’s project...
OD6 Metals Uncovers Ultra High-Grade Fluorspar Across Quinn Corridor in Nevada
Sep 8, 2026
OD6 Metals has reported exceptional assay results from mapping and rock sampling across the Rocket–Big Jim–Spar corridor at its Quinn Fluorspar Project in Nevada, confirming ultra high-grade fluorspar mineralisation over about 700 metr...
OD6 expands Mammoth fluorspar target as Nevada project gains scale
Sep 6, 2026
OD6 Metals has expanded the interpreted footprint of its Mammoth fluorspar target at the Quinn Fluorspar Project in Nevada by more than 50% to over 14,000 square metres, following detailed mapping, channel sampling and rock chip assays. The work h...
OD6 Metals Registers Quinn Fluorspar Project for U.S. Critical Minerals Programs
Aug 31, 2026
OD6 Metals has completed registration with the U.S. Government’s SAM.gov system, creating the federal framework it needs to pursue contracting, financial assistance and strategic opportunities tied to critical minerals programs. This step fo...
OD6 Metals Ups Fluorspar Grades at Horseshoe After Re-Assays
Aug 24, 2026
OD6 Metals has reported materially higher grades from re-assayed channel samples at its Horseshoe fluorspar prospect, after laboratory work showed the original assay method underestimated fluorine content in this ultra high-grade matrix. The updat...
OD6 Metals Reaffirms Critical Minerals Resource Status and Investor Risk Disclosures
Aug 17, 2026
OD6 Metals has reiterated the status of its critical minerals projects in the U.S.A. and Australia, highlighting the Splinter Rock Project mineral resource estimate as unchanged since its May 2024 ASX disclosure. The company confirms reliance on p...
OD6 Metals Issues New Shares on Option Conversion and Confirms Regulatory Compliance
Aug 16, 2026
OD6 Metals has issued 1,000,000 fully paid ordinary shares following the conversion of options, expanding its share capital without a disclosure document under the relevant fundraising provisions of the Corporations Act. The company confirmed it i...
OD6 Metals touts high-grade ore-sorting gains at Quinn fluorspar project
Aug 11, 2026
OD6 Metals has reported highly encouraging ore-sorting and metallurgical test results from its Quinn fluorspar project in Nevada, with head assays confirming exceptional grades across key mineralised domains such as Big Jim, Horseshoe and Blue Bel...
OD6 Metals Issues Shares for Investor Relations Services
Aug 5, 2026
OD6 Metals Ltd. has applied for quotation of 285,714 new ordinary fully paid shares on the ASX, issued to a consultant as compensation for investor relations services instead of a cash payment. The move modestly increases the company’s share...
OD6 Metals Issues New Shares and Confirms Compliance in Cleansing Notice
Aug 5, 2026
OD6 Metals Ltd. has issued 285,714 fully paid ordinary shares and lodged an accompanying Appendix 2A, notifying the market that these shares were issued without a prospectus under the relevant provisions of the Corporations Act. The company has co...
OD6 Metals Seeks ASX Quotation for Additional Ordinary Shares
Aug 3, 2026
OD6 Metals Ltd., an Australian mining and metals company listed on the ASX under code OD6, has sought quotation for an additional 700,706 ordinary fully paid shares, expanding its listed capital base. The new securities, issued on 3 August 2026 an...
OD6 Metals Secures District-Scale Quinn Fluorspar Project in Nevada
Aug 3, 2026
OD6 Metals has completed the acquisition of the high-grade Quinn Fluorspar Project in Nevada through its U.S. Fluorspar LLC unit, paying A$200,000 in cash and shares to secure 48 mining claims. Together with 178 additional staked claims, the compa...
OD6 Metals Reaffirms JORC-Compliant Resources and Project Disclosures
Jul 30, 2026
OD6 Metals has released a geological technical discussion on its Quinn Fluorspar Gold Project dated 31 July 2026, outlining summary information on the project for investors and stakeholders. The document reiterates that the company’s minera...
OD6 Metals to Brief Investors on U.S. Quinn Fluorspar Project Progress
Jul 30, 2026
OD6 Metals will host a live investor briefing webinar to provide a technical geological overview of recent progress at its Quinn Fluorspar Project in Nevada, a strategically positioned U.S. fluorspar and precious metals opportunity. The session, l...
OD6 Metals Uncovers High-Grade Gold at Quinn Fluorspar Project in Nevada
Jul 28, 2026
OD6 Metals has reported high-grade gold assays of up to 6.31 grams per tonne at its Quinn Fluorspar Project in Nevada, identifying gold anomalism in areas historically explored only for fluorspar. Rock and soil sampling has outlined extensive gold...
OD6 Metals Transforms Portfolio with U.S. Fluorspar Acquisition and District-Scale Expansion
Jul 14, 2026
OD6 Metals has declared the June quarter a transformational period, driven by the acquisition and rapid advancement of the Quinn Fluorspar Project in Nevada in the U.S. The company exercised its option over Quinn, verified extensive historical exp...
OD6 Metals Confirms Large High-Grade Fluorspar Zone at Nevada Horseshoe Deposit
Jul 7, 2026
OD6 Metals has reported exceptional new channel sampling results from the Horseshoe deposit at its Quinn Fluorspar Project in Nevada, confirming broad zones of continuous, high-grade fluorspar mineralisation from surface. The data indicate mineral...
OD6 Metals Maps Multiple High-Priority Fluorspar Drill Targets at Quinn in Nevada
Jul 1, 2026
OD6 Metals has identified multiple high-priority drill targets at its Quinn Fluorspar Project in Nevada after a recent soil geochemistry program across the Dress Circle–Mammoth corridor. Exceptional fluorine-in-soil values, including a peak ...
OD6 Metals Director Converts Options Into Additional Ordinary Shares
Jun 24, 2026
OD6 Metals has reported a change in the indirect equity interests of director Brett Hazelden, as disclosed under ASX listing rule requirements. Hazelden, through related entities including Hazelden Corporate Pty Ltd and the Bozden Super Fund, rest...
OD6 Metals Seeks ASX Quotation for Additional Ordinary Shares
Jun 24, 2026
OD6 Metals has applied to the ASX for quotation of 388,890 additional ordinary fully paid shares, following the issue of these securities on 7 May 2025. The move modestly increases the company’s quoted capital base, signalling ongoing capita...
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.