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Star Minerals Ltd.
(Sydney:SMS)
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Rating:45Neutral
Price Target:
AU$0.04
▼(-7.50% Downside)
Action:Reiterated
Date:09/07/26
The score is primarily held down by weak financial performance—volatile/limited revenue, widening losses, and sustained cash burn—despite a low-debt balance sheet. Technical indicators also suggest soft momentum with the stock trading below key moving averages and a low RSI. Valuation provides limited support because losses drive a negative P/E and there is no dividend yield data.
Positive Factors
Low Leverage
An effectively debt-free balance sheet reduces fixed financial obligations and near-term solvency pressure. This gives Star Minerals greater flexibility to fund exploration, absorb operating volatility, or raise capital without the additional constraint of substantial interest costs or refinancing commitments.
Negative Factors
Inconsistent Revenue Base
Highly inconsistent revenue and zero-revenue periods indicate that Star Minerals has not yet established dependable commercial traction. The sharp 2026 decline makes planning and resource allocation more difficult, while the absence of stable sales limits visibility into any future path toward scalable operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
An effectively debt-free balance sheet reduces fixed financial obligations and near-term solvency pressure. This gives Star Minerals greater flexibility to fund exploration, absorb operating volatility, or raise capital without the additional constraint of substantial interest costs or refinancing commitments.
Read all positive factors
Star Minerals Ltd. (SMS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.91M
Dividend YieldN/A
Average Volume (3M)191.20K
Price to Earnings (P/E)―
Beta (1Y)1.59
Revenue GrowthN/A
EPS Growth31.01%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding260,764,600
10 Day Avg. Volume288,354
30 Day Avg. Volume191,199
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.92
Price to Sales (P/S)14.42
P/FCF Ratio-4.40
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
Star Minerals Ltd. Business Overview & Revenue Model
Company Description
Star Minerals Limited is an Australian enterprise focused on identifying and advancing resources of gold, copper, and other base metals. Its flagship initiative is the Tumblegum South project, an advanced exploration site positioned immediately so...
Star Minerals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 546.01K | 5.22K | 0.00 | 202.34K | 0.00 |
| Gross Profit | -7.00K | -722.27K | 0.00 | 202.34K | 0.00 |
| EBITDA | -2.33M | -1.90M | -853.08K | -1.17M | -795.76K |
| Net Income | -2.39M | -1.90M | -857.63K | -1.17M | -795.98K |
Balance Sheet | |||||
| Total Assets | 8.71M | 7.76M | 6.59M | 6.41M | 7.80M |
| Cash, Cash Equivalents and Short-Term Investments | 2.10M | 1.18M | 435.16K | 784.03K | 2.97M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 163.51K | 291.54K | 138.51K | 215.46K | 487.58K |
| Stockholders Equity | 8.54M | 7.47M | 6.46M | 6.19M | 7.32M |
Cash Flow | |||||
| Free Cash Flow | -1.79M | -1.58M | -1.18M | -2.19M | -1.79M |
| Operating Cash Flow | -1.71M | -1.34M | -1.11M | -1.82M | -678.13K |
| Investing Cash Flow | -41.92K | -240.37K | -67.31K | -371.21K | -1.11M |
| Financing Cash Flow | 2.68M | 2.32M | 827.74K | 0.00 | 4.53M |
Star Minerals Ltd. Technical Analysis
Negative
0.04
Price Trends
0.04
Negative
0.04
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
44.54
Neutral
53.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SMS, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.05, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.54 is Neutral, neither overbought nor oversold. The STOCH value of 53.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SMS.
Star 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% | |
48 Neutral | AU$9.55M | -2.70 | -30.14% | ― | ― | 36.31% | |
45 Neutral | AU$9.91M | -3.45 | -28.47% | ― | ― | 31.01% | |
45 Neutral | AU$10.82M | -23.33 | -4.80% | ― | ― | 66.67% | |
45 Neutral | AU$5.57M | -10.00 | -24.46% | ― | ― | ― | |
44 Neutral | AU$6.99M | -5.14 | -8.22% | ― | ― | -16.67% | |
42 Neutral | AU$12.52M | -3.17 | -55.21% | ― | -100.00% | -8.36% |
* Basic Materials Sector Average
AU:SMS
Star Minerals Ltd.
0.04
-0.01
-22.00%
AU:NWM
Norwest Minerals Ltd.
0.01
0.00
0.00%
AU:E79
E79 Gold Mines Limited
0.03
<0.01
8.00%
AU:NSM
North Stawell Minerals, Ltd.
0.02
-0.02
-52.63%
AU:PGD
Peregrine Gold Ltd.
0.12
-0.12
-50.00%
AU:NES
Nelson Resources Ltd.
―
―
―
Star Minerals Ltd. Corporate Events
Star Minerals Secures Ore Deal to Kick‑Start Gold Production
Oct 21, 2026
Star Minerals has entered into an Ore Purchase Agreement with Forrestania Resources for up to 400,000 tonnes of mill feed from its Tumblegum South Gold Project to be processed at the Edna May facility, with haulage to begin on 23 October and initi...
Star Minerals Sets November Date for Digitally Focused AGM
Oct 21, 2026
Star Minerals Ltd. has called its annual general meeting for 23 November 2026 at 9:00am AWST, advising shareholders that the notice of meeting and explanatory materials are available online via the company’s website and ASX announcements pag...
Star Minerals Sets Key Dates for 2026 Annual General Meeting
Oct 21, 2026
Star Minerals Limited has issued formal documentation for its 2026 annual general meeting, including a notice of meeting, explanatory statement and proxy form for shareholders. The AGM will be held as a physical meeting at the company’s venu...
Star Minerals Chair to Step Down After AGM
Oct 21, 2026
Star Minerals has announced that Non‑Executive Chair Ian Stuart will step down following the company’s Annual General Meeting on 23 November 2026. Stuart has been credited with guiding the business through its ASX listing in 2021 and o...
Star Minerals advances Tumblegum South toward processing with new drilling plans
Oct 20, 2026
Star Minerals reported that mining at its Tumblegum South Gold Project has successfully progressed to the 445mRL level, with mineralised material stockpiled on the run-of-mine pad ahead of initial processing under an existing milling agreement wit...
Star Minerals Maps Risk-Laden Path From Gold Explorer to Producer
Oct 13, 2026
Star Minerals Ltd., an ASX-listed junior gold company, is focused on advancing the Tumblegum South Gold Project and the West Bryah Copper Gold Project in Western Australia. Its strategy centres on becoming a gold producer via open pit mining and t...
Star Minerals Sets AGM Date and Board Nomination Deadline
Sep 24, 2026
Star Minerals has scheduled its Annual General Meeting for 9:00 a.m. AWST on Monday, 23 November 2026 at its registered office in Leederville, Perth. The company has set Friday, 2 October 2026 as the deadline for written nominations from individua...
Star Minerals Pauses Tumblegum South Mining for Grade Control and Expansion Drilling
Sep 20, 2026
Star Minerals has announced a planned pause in mining at its Tumblegum South Gold Project to undertake a program of grade control and depth extension drilling. The work is intended to refine the next open pit cut-back, improving orebody definition...
Star Minerals issues new quoted securities under disclosure exemption
Aug 27, 2026
Star Minerals Ltd. has issued quoted securities without a prospectus, relying on specific provisions of the Corporations Act that allow such issuance when certain disclosure and reporting conditions are met. The company confirmed it is compliant w...
Star Minerals Seeks ASX Quotation for New Share Issue
Aug 27, 2026
Star Minerals Ltd., an ASX-listed mining and exploration company trading under the code SMS, has confirmed an issuance of ordinary fully paid shares as part of its capital structure. The move underscores the company’s ongoing engagement with...
Star Minerals Issues 6.7 Million Unquoted Options in Long-Dated Equity Move
Aug 17, 2026
Star Minerals Ltd. has notified the market of a new issue of unquoted equity securities, specifically 6,680,184 options exercisable at $0.0806 and expiring on 16 August 2031, to be issued on 17 August 2026. The options form part of a previously an...
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.