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Tennant Minerals
(Sydney:TMS)
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Rating:46Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:10/02/26
The score is primarily constrained by weak financial performance—no revenue, ongoing losses, and persistent negative free cash flow—despite some improvement in the latest loss and a low-risk balance sheet with zero debt and a stronger equity base. With no usable technical indicator set and valuation metrics impaired by negative earnings and no dividend, the overall profile remains higher-risk and dependent on achieving revenue and sustainable cash flow improvement.
Positive Factors
Debt-free balance sheet
A zero-debt balance sheet materially limits financial risk and avoids interest obligations while the company advances exploration. This conservative leverage profile preserves flexibility and reduces the pressure that borrowings could place on future project decisions and capital allocation.
Negative Factors
No demonstrated operating revenue
Zero reported revenue means the company has not yet demonstrated operating scale or recurring commercial income. Its economic model remains dependent on exploration value creation and potential future monetisation, leaving fundamental progress tied to discoveries and development outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt balance sheet materially limits financial risk and avoids interest obligations while the company advances exploration. This conservative leverage profile preserves flexibility and reduces the pressure that borrowings could place on future project decisions and capital allocation.
Read all positive factors
Tennant Minerals (TMS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.48M
Dividend YieldN/A
Average Volume (3M)6.54M
Price to Earnings (P/E)―
Beta (1Y)0.58
Revenue GrowthN/A
EPS Growth46.67%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,496,659,700
10 Day Avg. Volume7,154,641
30 Day Avg. Volume6,543,310
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.52
Price to Sales (P/S)0.00
P/FCF Ratio-7.47
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
Tennant Minerals Business Overview & Revenue Model
Company Description
Tennant Minerals Limited specializes in the prospecting, development, and extraction of mineral resources. A significant holding for the firm is its entirely owned Barkly gold-copper project, located in Australia's Northern Territory, which encomp...
How the Company Makes Money
TMS is an exploration-stage company. Publicly available information confirming recurring operating revenue from mineral production or established commercial services is null. As a result, the company’s economic model is primarily value creation th...
Tennant Minerals Financial Statement Overview
Summary
Income Statement
8
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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -848.68K | -1.43M | -3.92M | -5.03M | -2.68M |
| Net Income | -844.72K | -1.43M | -3.92K | -5.03M | -2.68M |
Balance Sheet | |||||
| Total Assets | 15.15M | 14.30M | 4.68M | 4.68M | 4.86M |
| Cash, Cash Equivalents and Short-Term Investments | 1.44M | 1.18M | 4.47M | 4.37M | 4.71M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 378.83K | 299.10K | 505.76K | 1.20M | 970.50K |
| Stockholders Equity | 14.77M | 14.01M | 4.18M | 3.49M | 3.89M |
Cash Flow | |||||
| Free Cash Flow | -1.03M | -1.08M | -4.51M | -4.96M | -1.89M |
| Operating Cash Flow | -1.03M | -1.08M | -4.51M | -4.96M | -1.89M |
| Investing Cash Flow | -326.64K | -2.69M | -3.67M | 0.00 | 0.00 |
| Financing Cash Flow | 1.61M | 482.82K | 4.61M | 4.63M | 5.14M |
Tennant Minerals 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% | |
49 Neutral | AU$10.54M | -3.94 | -82.45% | ― | ― | 59.88% | |
46 Neutral | AU$10.48M | -9.43 | -5.96% | ― | ― | 46.67% | |
44 Neutral | AU$4.17M | -8.52 | -3.75% | ― | ― | 84.75% | |
43 Neutral | AU$3.84M | -0.47 | -72.11% | ― | ― | 93.84% | |
39 Underperform | AU$5.16M | -0.78 | -586.39% | ― | ― | 57.14% |
* Basic Materials Sector Average
AU:TMS
Tennant Minerals
0.01
0.00
0.00%
AU:DTM
Dart Mining NL
0.01
-0.06
-85.33%
AU:YAR
Consolidated Zinc Limited
0.01
0.00
0.00%
AU:EMU
Emu NL
0.03
<0.01
18.18%
AU:KNG
Kingsland Minerals Ltd.
0.05
-0.05
-54.00%
Tennant Minerals Corporate Events
Tennant Minerals Files ASX Corporate Governance Statement for FY2026
Sep 29, 2026
Tennant Minerals Limited has lodged its corporate governance statement for the financial year ended 30 June 2026 with the ASX, making the document available via its website. The statement, approved by the board as at 29 September 2026, outlines th...
Tennant Minerals Details Governance Framework in 2026 Annual Report
Sep 29, 2026
Tennant Minerals Limited has released its annual report for the year ended 30 June 2026, outlining its current corporate directory and governance arrangements. The report confirms the company’s ASX listing details, registered office, and key...
Tennant Minerals Extends High-Grade Bluebird Zone and Secures $2.8m for Drilling
Jul 30, 2026
Tennant Minerals reported quarterly progress centred on its Bluebird high-grade copper-gold-bismuth discovery in the Barkly Project, where first-quarter diamond drilling successfully targeted extensions of known mineralised zones and potential lin...
Tennant Minerals Seeks ASX Quotation for 235 Million Long-Dated Options
Jul 29, 2026
Tennant Minerals Limited has applied for quotation of 235,000,000 new options on the ASX, under the security code TMSOB and expiring on June 30, 2030. The application, lodged as an Appendix 2A, formalises the move to have these options traded on t...
Tennant Minerals Updates ASX Filing on Proposed Securities Issue
Jul 10, 2026
Tennant Minerals Limited, a resources-sector company listed on the ASX under ticker TMS, is engaged in mineral exploration and development and finances its operations via capital raisings in the equity market. The company adheres to Australian cor...
Tennant Minerals Updates ASX on Proposed Securities Issue
Jul 10, 2026
Tennant Minerals Limited has lodged an updated Appendix 3B with the ASX, detailing a proposed issue of securities via a placement or other equity mechanism. The update follows a prospectus lodged earlier in May 2026 and complies with Section 723(3...
Tennant Minerals lodges prospectus for large speculative options offer
Jul 9, 2026
Tennant Minerals Limited has lodged a transaction-specific prospectus dated 9 July 2026 with ASIC to support a series of option offers tied to a recent share placement, a lead manager allocation and a separate options placement. The document outli...
Tennant Minerals Keeps Audit Partner as Firm Rebrands to Horizon Nexus
Jul 8, 2026
Tennant Minerals Limited has announced that its external auditor’s name has changed from Nexia Perth Audit Services Pty Ltd to Horizon Nexus (WA) Audit Pty Ltd, effective 1 July 2026. The change follows Nexia’s integration into the eme...
Tennant Minerals Secures Shareholder Approval for Capital Raising Resolutions
Jul 7, 2026
Tennant Minerals Limited reported that all resolutions put to shareholders at its 7 July 2026 general meeting were approved by poll with the required majorities. The items included ratification of prior security issues and approvals for new securi...
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.