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TG Metals Ltd. (TG6) AI Stock Analysis
TG Metals Ltd.
(ASX:TG6)
The score is primarily held down by weak financial performance—no revenue, ongoing losses, and continued cash burn implying reliance on external funding—despite the offsetting strength of a low-leverage balance sheet. Technicals are mixed (near-term below the 20-day average but above longer-term averages), while valuation is unattractive due to negative earnings and no dividend support.
TG Metals Ltd. (TG6) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 24.51M
- Dividend Yield
- ―
- Average Volume (3M)
- 193.73K
- Price to Earnings (P/E)
- -7.8
- Beta (1Y)
- 1.29
- Revenue Growth
- ―
- EPS Growth
- -20.31%
- Country
- Australia
- Employees
- 5
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Other Precious Metals
TG Metals Ltd. Business Overview & Revenue Model
Company Description
TG Metals Limited is an Australian company dedicated to the discovery, exploration, and development of mineral resources across Western Australia. Their exploration efforts primarily target deposits of nickel, lithium, and gold. A cornerstone of thei...
TG Metals Ltd. Financial Statement Overview
Summary
Early-stage, pre-revenue profile with persistent and generally widening losses (net loss roughly -0.06M in 2021 to about -2.57M in 2026) and consistently negative operating/free cash flow, indicating ongoing funding needs. This is partially offset by a comparatively strong balance sheet with very low leverage (debt ~0.09M vs equity ~16.32M in 2026).
Income Statement
18Very NegativeBalance Sheet
66PositiveCash Flow
28Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -93.21K | -93.21K | -39.80K | -98.15K | 0 | 0 |
| EBITDA | -2.56M | -2.56M | -1.48M | -2.25M | -1.18M | 0 |
| Net Income | -2.57M | -2.57M | -1.42M | -2.28M | -1.21M | -2.03M |
Balance Sheet | ||||||
| Total Assets | 17.40M | 17.40M | 13.80M | 14.01M | 5.28M | 6.20M |
| Cash, Cash Equivalents and Short-Term Investments | 641.91K | 641.91K | 734.92K | 8.05M | 3.79M | 5.71M |
| Total Debt | 90.58K | 90.58K | 133.74K | 8,704 | 40.67K | 0 |
| Total Liabilities | 1.08M | 1.08M | 1.42M | 981.29K | 181.55K | 98.08K |
| Stockholders Equity | 16.32M | 16.32M | 12.37M | 13.03M | 5.09M | 6.11M |
Cash Flow | ||||||
| Free Cash Flow | -1.59M | -1.59M | -6.74M | -5.25M | -931.39K | -167.58K |
| Operating Cash Flow | -1.58M | -1.58M | -1.05M | -1.74M | -967 | -468 |
| Investing Cash Flow | -4.60M | -4.60M | -6.19M | -3.51M | -930.42K | -167.12K |
| Financing Cash Flow | 6.08M | 6.08M | -72.68K | 9.51M | -20.52K | 6.16M |
TG Metals Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TG6, the sentiment is Negative. The current price of 0.18 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.21, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 33.48 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TG6.
TG Metals Ltd. Peers Comparison
Overall Rating
AU:BUX55Neutral
AU:XRA49Neutral- AU:TG646Neutral
AU:GT145Neutral
AU:TSL45Neutral
AU:DKM38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:BUX | 55Neutral | AUD 10.26M | 6.88 | 22.53% | ― | 739.65% | ― |
| AU:XRA | 49Neutral | AUD 14.62M | -7.74 | -16.50% | ― | ― | 93.40% |
| AU:TG6 | 46Neutral | AUD 24.51M | -7.79 | -15.35% | ― | ― | -20.31% |
| AU:GT1 | 45Neutral | AUD 16.87M | -2.15 | -3.88% | ― | ― | 61.90% |
| AU:TSL | 45Neutral | AUD 15.24M | -12.00 | -8.30% | ― | ― | -40.00% |
| AU:DKM | 38Underperform | AUD 12.48M | -3.65 | -33.36% | ― | ― | -495.65% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:TG6 | TG Metals Ltd. | 0.18 | -0.02 | -10.00% | |
| AU:TSL | Titanium Sands Ltd. | 0.01 | 0.00 | 0.00% | |
| AU:BUX | Buxton Resources Limited | 0.02 | -0.01 | -33.33% | |
| AU:XRA | Todd River Resources Ltd. | 0.24 | 0.07 | 41.18% | |
| AU:DKM | Duketon Mining Ltd | 0.10 | -0.07 | -41.18% | |
| AU:GT1 | Green Technology Metals Limited | 0.01 | -0.01 | -44.00% |
TG Metals Ltd. Corporate Events
TG Metals Sets Date and Digital Access for 2026 AGM
TG Metals Ltd. has announced it will hold its Annual General Meeting of shareholders in person at St Martins Centre in Perth on 30 November 2026 at 10 a.m. AWST. The company has made meeting materials, including the notice of meeting and explanatory...
TG Metals maps dual gold–lithium path toward near-term production
TG Metals Ltd. has outlined its strategy to advance a portfolio of high-quality gold and lithium assets in Western Australia toward near-term production. The company emphasises a dual-commodity approach, combining pathways to early gold output with t...
TG Metals advances WA gold and lithium projects with strong heap leach economics and maiden DSO resource
TG Metals reported strong progress in the September quarter, highlighted by a heap leach scoping study for the Van Uden Gold Project that delivered robust financial metrics, including a three-year, 250,000tpa operation and rapid payback. The company...
TG Metals Corrects Lake Johnston Lithium Resource Figures in Annual Report
TG Metals Ltd. has issued a correction to the Chairperson’s Letter in its 2026 Annual Report, clarifying previously misstated figures for the Lake Johnston lithium project. The revised disclosure confirms a maiden resource at the Burmeister dep...
TG Metals Files Updated Corporate Governance Statement with ASX
TG Metals Limited has lodged its updated corporate governance statement for the financial year ended 30 June 2026 and confirmed it is available on its website.The company also submitted the accompanying Appendix 4G, outlining how it complies with ASX...
TG Metals sets out 2026 corporate governance framework aligned with ASX principles
TG Metals Limited has released its 2026 corporate governance statement, confirming that its board framework is based on the ASX Corporate Governance Council’s fourth-edition principles and the ASX Listing Rule 4.10.3 disclosure regime. The docu...
TG Metals releases audited 2026 annual report
TG Metals Ltd has released its annual report for the year ended 30 June 2026, providing audited consolidated financial statements, directors’ reports and corporate governance information. The publication offers stakeholders a comprehensive view...
TG Metals Director Richard Bevan Increases Indirect Shareholding via Placement
TG Metals has disclosed a change in director Richard Bevan’s indirect interest in the company, following a recent share placement. Through a trust account held with Sara Bevan, his holding of ordinary fully paid shares increased from 1,725,001...
TG Metals Issues 3 Million Unlisted Options in Capital Structure Move
TG Metals Ltd. has notified the market of the issuance of 3,000,000 unquoted options, exercisable at $0.24 and expiring on 16 September 2029. The options form part of previously announced transactions and are not intended to be quoted on the ASX, sig...
TG Metals Seeks ASX Quotation for 656,250 New Shares
TG Metals Ltd., listed on the ASX under ticker TG6, has disclosed an issue of additional ordinary fully paid shares as part of its ongoing capital market activities. The company’s latest filing reflects its engagement with equity markets and ad...
TG Metals Shareholders Back Capital-Raising Resolutions at General Meeting
TG Metals Ltd. reported that all resolutions put to shareholders at its 16 September 2026 general meeting were passed on a poll, reflecting strong investor support. The approved items included ratification of a prior issue of Tranche 1 placement shar...
TG Metals advances dual gold–lithium strategy in Western Australia
TG Metals Ltd. is an Australia-based exploration and development company focused on advancing gold and lithium assets in Western Australia. Listed on the ASX under ticker TG6, it is building a dual-commodity platform targeting near-term gold producti...
TG Metals Unveils Maiden Lithium Resource at Lake Johnston
TG Metals has declared a maiden Mineral Resource Estimate of 6.7Mt at 1.2% Li2O for the Burmeister spodumene lithium deposit at Lake Johnston, tailored for the Direct Shipping Ore market. Metallurgical testwork indicates the potential to produce a ~1...
TG Metals Sets September General Meeting, Moves to Digital Proxy Voting
TG Metals Ltd. has called a General Meeting of shareholders to be held in person in Perth, Western Australia, on 16 September 2026 at 10:00am AWST. The meeting materials, including the Notice of Meeting and Explanatory Memorandum, are available onlin...
TG Metals Raises Capital Through Institutional Share Placement
TG Metals Ltd has issued 14,968,750 new shares at $0.16 each to institutional and sophisticated investors under a recently announced placement, providing additional capital to the company. The board confirmed the shares were issued without a prospect...
TG Metals Seeks ASX Quotation for Nearly 15 Million New Shares
TG Metals Ltd has applied for the quotation of 14,968,750 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 10 August 2026. The additional securities, lodged via an Appendix 2A, will expand the company’...
TG Metals Plans Share and Option Issue to Bolster Capital Base
TG Metals has lodged an Appendix 3B with the ASX detailing a proposed capital raise through a placement and related issue of securities. The company plans to issue up to 15,625,000 fully paid ordinary shares and 3,000,000 unlisted options exercisable...
TG Metals raises A$2.5 million to drive gold and lithium project development
TG Metals Ltd has secured firm commitments to raise A$2.5 million via a placement of 15.625 million new shares at A$0.16 each, strongly supported by institutional and sophisticated investors as well as company directors and management. The funding, c...
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.
Date of analysis: Sep 23, 2026