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Tanami Gold NL
(Sydney:TAM)
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Rating:44Neutral
Price Target:
AU$0.06
▼(-20.00% Downside)
Action:Reiterated
Date:10/07/26
The score is held down primarily by weak financial performance (no revenue, recurring operating losses, and sustained negative operating/free cash flow), indicating elevated execution and funding risk. Technicals add downside pressure with the stock trading below key moving averages and very weak momentum readings. Valuation does not provide support because the P/E is negative (loss-making) and there is no dividend yield data.
Positive Factors
Low Leverage
Very low debt relative to equity gives Tanami Gold a more resilient financial structure than a highly leveraged explorer. This reduces interest and refinancing pressure, preserves flexibility during funding cycles, and leaves greater capacity to direct capital toward exploration and project advancement.
Negative Factors
No Revenue and Recurring Losses
The absence of reported revenue and the persistence of negative EBITDA and EBIT show that Tanami Gold has not yet established operating earnings from its exploration portfolio. Until projects progress toward development or transactions, profitability remains structurally dependent on funding and asset advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Very low debt relative to equity gives Tanami Gold a more resilient financial structure than a highly leveraged explorer. This reduces interest and refinancing pressure, preserves flexibility during funding cycles, and leaves greater capacity to direct capital toward exploration and project advancement.
Read all positive factors
Tanami Gold NL (TAM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$136.31M
Dividend YieldN/A
Average Volume (3M)741.82K
Price to Earnings (P/E)―
Beta (1Y)0.39
Revenue GrowthN/A
EPS Growth-17.39%
CountryAU
Employees107
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,350,194,000
10 Day Avg. Volume381,104
30 Day Avg. Volume741,822
Financial Highlights & Ratios
PEG Ratio-0.85
Price to Book (P/B)0.75
Price to Sales (P/S)0.00
P/FCF Ratio-7.50
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
Tanami Gold NL Business Overview & Revenue Model
Company Description
Tanami Gold NL, along with its associated companies, undertakes the prospecting and evaluation of gold deposits throughout Australia. Its primary venture is the Central Tanami project, which spans an area of 2,211 square kilometers in the Tanami R...
Tanami Gold NL Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
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 | -224.00K | -188.00K | -334.00K | -146.00K | -5.00K |
| EBITDA | -8.70M | -8.08M | -5.95M | -4.14M | -3.14M |
| Net Income | -7.56M | -5.84M | -6.15K | -3.47M | 7.96M |
Balance Sheet | |||||
| Total Assets | 109.07M | 48.07M | 51.73M | 57.00M | 57.99M |
| Cash, Cash Equivalents and Short-Term Investments | 75.94M | 18.87M | 31.77M | 37.10M | 38.65M |
| Total Debt | 55.00K | 70.00K | 6.00K | 20.00K | 35.00K |
| Total Liabilities | 6.38M | 5.57M | 5.36M | 4.80M | 4.26M |
| Stockholders Equity | 102.68M | 42.51M | 46.37M | 52.20M | 53.73M |
Cash Flow | |||||
| Free Cash Flow | -10.24M | -6.51M | -5.92M | -3.88M | -2.49M |
| Operating Cash Flow | -8.12M | -6.39M | -5.80M | -3.88M | -2.49M |
| Investing Cash Flow | -2.39M | 6.00K | 18.00K | -266.00K | 9.43M |
| Financing Cash Flow | 67.58M | -15.00K | -14.00K | -14.00K | -33.00K |
Tanami Gold NL Technical Analysis
Negative
0.07
Price Trends
0.07
Negative
0.06
Negative
0.07
Negative
Market Momentum
>-0.01
Positive
40.67
Neutral
87.50
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TAM, the sentiment is Negative. The current price of 0.07 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and below the 200-day MA of 0.07, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.67 is Neutral, neither overbought nor oversold. The STOCH value of 87.50 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TAM.
Tanami Gold NL Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$119.44M | 5.00 | 20.31% | 4.78% | 19.64% | 81.68% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$212.76M | -106.88 | -3.46% | ― | ― | -75.76% | |
49 Neutral | AU$66.57M | -5.38 | -12.56% | ― | 721.43% | 73.52% | |
47 Neutral | AU$94.78M | -6.14 | -27.74% | ― | ― | 75.42% | |
44 Neutral | AU$136.31M | -10.36 | -10.42% | ― | ― | -17.39% | |
43 Neutral | AU$32.49M | -3.56 | -70.12% | 153.53% | ― | -153.85% |
* Basic Materials Sector Average
AU:TAM
Tanami Gold NL
0.06
>-0.01
-7.94%
AU:PGL
Pilbara Gold
0.41
-0.15
-27.03%
AU:RND
Rand Mining Limited
2.10
-0.31
-12.83%
AU:ODY
Odyssey Gold Limited
0.02
>-0.01
-25.81%
AU:PTN
Kin Mining NL
0.05
-0.03
-35.71%
AU:HRN
Horizon Gold Ltd
1.09
0.36
48.30%
Tanami Gold NL Corporate Events
Tanami Gold Advances Groundrush Decline as Cash Position Strengthens
Oct 29, 2026
Tanami Gold NL has formalised an agreement with Macmahon Underground Pty Ltd to construct an exploration decline at the Groundrush Gold Mine, enabling infill drilling of down-plunge extensions ahead of mine design and development. Macmahon has beg...
Tanami Gold Sets Date and Nomination Deadline for 2026 AGM
Oct 25, 2026
Tanami Gold NL has scheduled its 2026 Annual General Meeting for 30 November at a venue in South Perth, Western Australia, with formal details to be provided to shareholders in a forthcoming Notice of Meeting. The AGM will include the election of ...
Tanami Gold Details ASX-Aligned Governance Framework for 2026
Sep 22, 2026
Tanami Gold NL’s board has confirmed its adherence to the ASX Corporate Governance Council’s 4th Edition Principles and Recommendations for the year ended 30 June 2026, detailing structures that separate strategic oversight from operat...
Tanami Gold lodges Appendix 4G and confirms updated governance disclosures
Sep 22, 2026
Tanami Gold NL has lodged its Appendix 4G and confirmed that its corporate governance statement for the year ended 30 June 2026 is available on its website, rather than within the annual report. The company states that the governance statement is ...
Tanami Gold Releases 2026 Annual Report Detailing Financials and Governance
Sep 22, 2026
Tanami Gold NL has released its annual report for the year ended 30 June 2026, outlining the chairperson’s statement, directors’ report, audited financial statements and notes, as well as governance disclosures. The document details th...
Tanami Gold Flags JV Progress via Central Tanami Investor Briefing
Sep 3, 2026
Tanami Gold NL has highlighted its role as a 50% partner in the Central Tanami Project Joint Venture with MGX Resources, a gold project in the Northern Territory aimed at advancing exploration and development. The company’s focus on this joi...
Tanami Gold signs $38m decline contract to advance Central Tanami JV
Aug 30, 2026
Tanami Gold NL’s Central Tanami Project Joint Venture has signed a $38 million contract with underground mining specialist Macmahon Underground Pty Ltd to construct the Groundrush decline at its Northern Territory mine site. The decline will...
Central Tanami JV advances Groundrush decline and resource drilling
Aug 30, 2026
The Central Tanami Project Joint Venture, owned equally by MGX Resources and Tanami Gold NL, has signed a $38 million contract with Macmahon Underground for construction of an underground decline into the Groundrush Gold Deposit in the Northern Te...
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.