Tasman Resources (TAS) AI Stock Analysis

• Market Cap: AU$6.60M
• Dividend Yield: N/A
• Average Volume (3M): 747.39K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.43
• Revenue Growth: 20.65%
• EPS Growth: 80.26%
• Country: AU
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 347,352,750
• 10 Day Avg. Volume: 2,123,894
• 30 Day Avg. Volume: 747,387
• PEG Ratio: 0.76
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 1.02
• P/FCF Ratio: -0.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: AU$0.00 ▼(-100.00% Downside)

The overall stock score is primarily impacted by the weak financial performance, characterized by declining revenues, high leverage, and negative profitability. Technical analysis provides a slightly positive outlook with mild bullish momentum, but the poor valuation due to a negative P/E ratio and lack of dividend yield further dampens the score.

Tasman Resources Business Overview & Revenue Model

Company Description

Tasman Resources Ltd engages in the exploration of mineral properties in Australia. It explores for precious and base metals, including gold, copper, cobalt, nickel, and uranium, as well as iron-oxide. The company holds an interest in Lake Torrens located in South Australia. Tasman Resources Ltd was incorporated in 1987 and is based in Perth, Australia.

How the Company Makes Money

Tasman Resources generates revenue primarily through the exploration and development of mineral deposits, which may eventually lead to the sale or joint venture of these assets with larger mining firms. The company typically raises funds through equity financing, including issuing shares or options to investors, to finance its exploration programs. Key revenue streams may also include any royalties or profit-sharing agreements established with partners after successful mining operations commence. Additionally, Tasman Resources may benefit from strategic partnerships with established mining companies, which can provide access to capital, technology, and expertise, further enhancing its earning potential.

Tasman Resources Financial Statement Overview

Summary

Tasman Resources Ltd is facing significant financial difficulties, characterized by declining revenues, consistent losses, and high leverage. The company's ability to manage costs and improve operational efficiency is crucial to reversing the negative trends. There is a need for strategic financial restructuring to enhance liquidity and reduce dependency on external financing.

Income Statement

The company's revenue dropped significantly by 57% over the last year, and it has been reporting consistent losses at the net income level. The gross profit margin and net profit margin are negative, indicating operational challenges and cost management issues. The EBIT and EBITDA margins are also negative, highlighting further inefficiencies in operations.

Balance Sheet

The debt-to-equity ratio is high, indicating significant leverage and potential risk in meeting financial obligations. Stockholders' equity has decreased substantially, reducing the equity ratio and increasing financial vulnerability. The return on equity is negative due to consistent net losses, further straining financial stability.

Cash Flow

Operating cash flow is negative, reflecting challenges in generating cash from operations. Free cash flow remains negative, although it has shown some growth over the previous year. The company is heavily reliant on financing activities to sustain operations, which may not be sustainable in the long term.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.45M	2.45M	2.02M	4.70M	4.15M	3.28M
Gross Profit	1.69M	1.69M	1.39M	-2.47M	-3.64M	-3.38M
EBITDA	-4.22M	-4.22M	-15.56M	-15.75M	-5.11M	-4.55M
Net Income	-3.02M	-3.02M	-13.13M	-5.72M	-2.60M	-2.69M
Balance Sheet
Total Assets	22.09M	22.09M	23.50M	32.42M	43.45M	45.53M
Cash, Cash Equivalents and Short-Term Investments	761.43K	761.43K	987.69K	2.74M	2.30M	6.01M
Total Debt	17.03M	17.03M	14.03M	10.32M	4.91M	5.27M
Total Liabilities	19.89M	19.89M	16.98M	12.65M	6.37M	6.42M
Stockholders Equity	3.49M	3.49M	3.77M	16.38M	23.64M	26.47M
Cash Flow
Free Cash Flow	-3.92M	-3.92M	-6.20M	-5.55M	-8.12M	-9.30M
Operating Cash Flow	-3.92M	-3.92M	-5.46M	-4.60M	-6.61M	-6.12M
Investing Cash Flow	-172.77K	-172.77K	-733.88K	-1.11M	-1.73M	-4.37M
Financing Cash Flow	3.87M	3.87M	4.45M	6.15M	4.50M	15.26M

Tasman Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TAS	46 Neutral	AU$6.60M	―	-81.40%	―	20.65%	80.26%
SBR	41 Neutral	AU$5.13M	-7.65	-4.35%	―	―	62.22%
AQX	38 Underperform	AU$7.53M	―	-110.65%	―	―	32.08%
M2R	35 Underperform	AU$3.58M	―	-16.88%	―	―	73.55%
IMI	27 Underperform	AU$5.08M	-0.32	-113.71%	―	―	49.13%
FIN	25 Underperform	AU$6.95M	-11.11	-24.22%	―	―	83.93%

Tasman Resources Corporate Events

Tasman Resources Advances Exploration at Lake Torrens Project

Tasman Resources Ltd reported on its activities for the quarter ending September 30, 2025, highlighting progress in the Lake Torrens IOCG Project, where it holds a 49% stake in a joint venture with Fortescue Ltd. During the quarter, Fortescue completed a significant Magnetotelluric (MT) survey over the Titan and Bill’s Lookout prospect areas, achieving 179 out of 185 planned MT stations. This survey aims to investigate the electromagnetic properties and dimensionality of the basement geology, potentially enhancing the understanding of the mineral systems in the area.

Tasman Resources Announces Annual General Meeting Details

Tasman Resources Ltd has announced its upcoming Annual General Meeting, scheduled to take place on November 28, 2025, at its Perth office. Shareholders are encouraged to access the Notice of Meeting and related documents online, as hard copies will not be distributed unless previously requested. The company has provided detailed instructions for lodging proxy votes online, ensuring shareholders can participate in the meeting effectively. This announcement underscores Tasman Resources’ commitment to maintaining transparent communication with its stakeholders and adapting to digital processes in compliance with legislative changes.

Tasman Resources Issues 68 Million Shares to Investors

Tasman Resources Ltd has issued 68,000,000 fully paid ordinary shares to sophisticated and professional investors at a price of $0.0125 per share. This issuance was conducted without disclosure under Part 6D.2 of the Corporations Act, and the company has confirmed compliance with relevant provisions of the Act, indicating transparency and adherence to legal requirements.

Tasman Resources Announces Quotation of New Securities

Tasman Resources Ltd has announced the application for quotation of 68,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction and is expected to enhance the company’s liquidity and market presence, potentially impacting its stakeholder value positively.

Eden Innovations Sees Surge in OptiBlend Orders from US Data Centers

Eden Innovations Ltd has reported a significant increase in orders for its OptiBlend kits from US data centers, receiving orders worth USD$487,000 in the past two weeks, which is 80% of its total annual US sales for FY2025. This surge in demand positions Eden to exceed its previous year’s sales figures, with current outstanding orders and quotations indicating strong future growth potential in the US market.

Tasman Resources Announces Proposed Securities Issue

Tasman Resources Ltd has announced a proposed issue of 15,487,709 ordinary fully paid securities, with the issue date set for December 1, 2025. This move is part of a placement or another type of issue, indicating a strategic decision to potentially raise capital or expand its shareholder base, which could impact the company’s market positioning and stakeholder interests.

Tasman Resources Sees Share Surge Amid New Developments

Tasman Resources has recently experienced a notable increase in its share price and trading volume. This is attributed to the announcement of a new funding commitment for a drilling program at its Parkinson Dam project and a significant rise in the value of its investment in Eden Innovations Ltd. These developments are likely to impact the company’s market position and investor sentiment positively.

Eden Innovations Sees Rising Demand for OptiBlend Kits in Data Centers

Eden Innovations Ltd has reported a surge in demand for its OptiBlend dual fuel kits, particularly from the North American data center market. Recent orders and a robust sales pipeline suggest a strong market position, with the potential for significant revenue growth driven by the increasing need for efficient and sustainable power solutions in data centers.

Tasman Resources Announces Proposed Securities Issue to Bolster Operations

Tasman Resources Ltd has announced a proposed issue of securities, which includes the issuance of 34 million options and 68 million fully paid ordinary shares. This move is aimed at raising capital, potentially enhancing the company’s financial position and enabling further exploration and development activities. The issuance is set to take place on October 27, 2025, and could impact the company’s market positioning by providing additional resources for its operations.

Tasman Resources Secures $2M for Drilling and Strategic Expansion

Tasman Resources Ltd has announced a $2 million share placement to institutional and sophisticated investors to fund a high-impact drilling program at Parkinson Dam and assess new project opportunities. The company is also undergoing board changes with the appointment of Louis Varrasso as a non-executive director, aligning with its strategic focus on expanding exploration projects in Australia and the USA. The placement aims to strengthen Tasman’s market position and support its major shareholding in Eden Innovations Ltd, while the board changes are expected to bring in valuable corporate finance expertise.

Eden Innovations to Complete Georgia Property Sale, Reducing Debt

Eden Innovations Ltd has announced the targeted completion date for the sale of its Georgia property, set for 3 November 2025, at a price of US$5 million. The sale is expected to significantly reduce the company’s financing costs by repaying over US$4 million of its current loan, enhancing its financial stability and operational efficiency.

Tasman Resources Initiates Trading Halt for Capital Raising Announcement

Tasman Resources Ltd, a company listed on the Australian Securities Exchange, has requested a trading halt on its securities. This halt is pending an announcement regarding a capital raising initiative, which is expected to impact the company’s financial operations and market positioning. The trading halt is set to last until the announcement is made or until normal trading resumes on October 21, 2025.

Eden Innovations Secures First Canadian Order for EdenCrete®Pz7

Eden Innovations Ltd has secured its first Canadian order for EdenCrete®Pz7 from Innocon, a subsidiary of the Holcim Group, marking a significant milestone in its global expansion. This order, although not financially substantial, signifies Eden’s growing influence in the concrete industry, particularly in markets focused on reducing carbon emissions. The adoption of EdenCrete®Pz7 by Holcim Group subsidiaries in multiple countries underscores its potential to replace traditional cement with more sustainable alternatives, aligning with Holcim’s commitment to reducing the carbon footprint of its products.

EdenCrete’s Durability Shines in Colorado I-70 Trial

Eden Innovations Ltd, through its product EdenCrete, focuses on enhancing concrete durability, particularly in infrastructure projects. The recent update on the Colorado I-70 Vail Pass project shows that EdenCrete enriched concrete exhibits significantly less wear compared to standard Portland cement and silica fume enhanced concrete, even after four years of service. This suggests a promising impact on the company’s market positioning as a provider of durable concrete solutions, potentially benefiting stakeholders by reducing maintenance costs and improving safety.