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Zinc of Ireland NL
(Sydney:ZMI)
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Rating:47Neutral
Price Target:
AU$0.02
â–²(70.00% Upside)
Action:Reiterated
Date:08/01/26
The score is held down primarily by persistent losses and ongoing negative operating/free cash flow, indicating a funding-dependent profile. A debt-free balance sheet provides some stability, and the stock is trading above key short-to-medium moving averages, but valuation is difficult to support with negative earnings and no dividend data.
Positive Factors
Debt-free Balance Sheet
A debt-free capital structure materially reduces near-term refinancing and solvency risk, giving management flexibility to fund exploration and development from equity or project financing. Over 2-6 months this supports runway and optionality while resources are advanced or monetized.
Negative Factors
Persistent Cash Burn
Sustained negative operating and free cash flow means the business requires ongoing external funding to sustain exploration and operations. Over several months this pressure can dilute shareholders, constrain program size, or force asset sales if funding options tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free Balance Sheet
A debt-free capital structure materially reduces near-term refinancing and solvency risk, giving management flexibility to fund exploration and development from equity or project financing. Over 2-6 months this supports runway and optionality while resources are advanced or monetized.
Read all positive factors
Zinc of Ireland NL (ZMI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$28.27M
Dividend YieldN/A
Average Volume (3M)2.31M
Price to Earnings (P/E)―
Beta (1Y)-0.60
Revenue GrowthN/A
EPS Growth7.41%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,285,010,700
10 Day Avg. Volume1,642,791
30 Day Avg. Volume2,308,942
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.46
Price to Sales (P/S)4759.31
P/FCF Ratio-3.29
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
Zinc of Ireland NL Business Overview & Revenue Model
Company Description
Operating within Ireland, Zinc of Ireland NL functions as a mineral exploration and development firm. Its core business involves prospecting for deposits of zinc, lead, and silver. The company's most significant asset is the Kildare project, an ar...
How the Company Makes Money
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Zinc of Ireland NL Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 962.00 | 974.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -290.00 | 974.00 | -785.00 | -1.18K | -1.77K | -1.96K |
| EBITDA | -1.34M | -1.61M | -1.57M | -529.11K | -552.34K | -642.07K |
| Net Income | -1.43M | -1.81M | -1.67M | -530.28K | -554.11K | -644.03K |
Balance Sheet | ||||||
| Total Assets | 9.82M | 10.64M | 8.92M | 10.51M | 10.60M | 7.36M |
| Cash, Cash Equivalents and Short-Term Investments | 318.69K | 1.25M | 331.91K | 1.60M | 2.46M | 467.27K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 76.64K | 634.51K | 345.51K | 210.48K | 250.45K | 274.27K |
| Stockholders Equity | 9.75M | 10.01M | 8.57M | 10.30M | 10.35M | 7.09M |
Cash Flow | ||||||
| Free Cash Flow | -1.09M | -1.41M | -1.27M | -1.26M | -1.07M | -674.98K |
| Operating Cash Flow | -857.62K | -399.11K | -387.42K | -443.02K | -491.24K | -460.69K |
| Investing Cash Flow | -801.42K | -1.06M | -881.11K | -817.74K | -582.65K | -169.29K |
| Financing Cash Flow | -5.04K | 2.38M | 0.00 | 397.03K | 3.10M | 120.00K |
Zinc of Ireland NL 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% | |
53 Neutral | AU$11.72M | 2.42 | 34.93% | ― | ― | ― | |
47 Neutral | AU$28.27M | -11.58 | -14.45% | ― | ― | 7.41% | |
44 Neutral | AU$7.39M | -0.91 | -32.39% | ― | ― | 60.05% | |
43 Neutral | AU$4.20M | -0.40 | -327.17% | ― | ― | -179.17% | |
43 Neutral | AU$29.88M | -2.89 | -7.72% | ― | ― | 82.28% | |
42 Neutral | AU$7.20M | -5.35 | -32.43% | ― | ― | 82.46% |
* Basic Materials Sector Average
AU:ZMI
Zinc of Ireland NL
0.02
0.01
120.00%
AU:YAR
Consolidated Zinc Limited
0.01
0.00
0.00%
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Ragnar Metals Limited
0.02
>-0.01
-4.00%
AU:CZN
Corazon Mining Limited
0.13
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AU:PFE
Pantera Minerals Ltd.
0.02
>-0.01
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AU:BMM
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0.05
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Zinc of Ireland NL Corporate Events
Zinc of Ireland Accelerates Critical Metals Strategy With Meclex Acquisition and Kildare Drilling
Jul 31, 2026
Zinc of Ireland Limited has completed the acquisition of Meclex, securing 100% ownership of the proprietary ARGO and VOLTA hydrometallurgical technologies for low-temperature, low-emission metal recovery. The ARGO process is now undergoing a major...
Zinc of Ireland Updates Constitution to Modernise Share Capital Rules
Jul 24, 2026
Zinc of Ireland Limited has adopted a new constitution, approved by shareholders on 4 June 2026 and effective from 23 July 2026, setting out updated rules for its governance and share capital management. The document details procedures for issuing...
Zinc of Ireland Converts to Company Limited by Shares and Retains ASX Code ZMI
Jul 24, 2026
Zinc of Ireland NL has formally changed its name to Zinc of Ireland Limited and converted from a no liability company to a company limited by shares, following shareholder approval at a June general meeting. The new structure, effective from late ...
Zinc of Ireland Plans New Performance Rights and Options Issue
Jun 26, 2026
Zinc of Ireland NL has lodged a notice of a proposed issue of securities with the ASX, outlining a planned placement or other form of issuance involving performance rights and options. The proposal includes up to 5,000,000 performance rights and 5...
Zinc of Ireland Seeks ASX Quotation for 83.4 Million New Shares
Jun 22, 2026
Zinc of Ireland NL has applied for quotation on the ASX of 83,448,397 ordinary fully paid shares, expanding its listed securities under the code ZMI. The issuance of these shares, tied to previously announced transactions, increases the company...
Major Shareholder Group Exits Substantial Position in Zinc of Ireland NL
Jun 18, 2026
A group of German and Australian investment entities, including ConBrio Beteiligungen AG and 51 Funds Management Pty Ltd, has ceased to be a substantial holder in Zinc of Ireland NL. The change follows on-market sales of 50,030,000 ordinary shares...
Zinc of Ireland Grants Performance Rights and Options to Director Mark Pearce
Jun 17, 2026
Zinc of Ireland NL has disclosed a change in director Mark Pearce’s interests, confirming the grant of a significant package of unlisted performance rights and incentive options. Following shareholder approval, Pearce received 7.65 million p...
Zinc of Ireland director increases stake through placement and equity incentives
Jun 17, 2026
Zinc of Ireland NL has reported a change in director Peter Huljich’s indirect interests, held via African Resource Consulting Pty Ltd, following participation in a recent share placement. Huljich acquired 10,000,000 fully paid ordinary share...
Zinc of Ireland Completes Share Placement and Confirms Regulatory Compliance
Jun 16, 2026
Zinc of Ireland NL has issued 72,500,000 ordinary fully paid shares following shareholder approval at a general meeting held on 4 June 2026, completing a placement first announced in April. The company has confirmed that the new shares were issued...
Zinc of Ireland completes Meclex deal to advance low-emission metals recovery
Jun 16, 2026
Zinc of Ireland NL has completed the acquisition of 100% of Metallon Clean Extractions BV, known as Meclex, a European developer of proprietary hydrometallurgical metal recovery technologies. Meclex’s ARGO and VOLTA processes aim to recover ...
Zinc of Ireland Seeks ASX Quotation for 72.5 Million New Shares
Jun 16, 2026
Zinc of Ireland NL has applied to the ASX for quotation of 72,500,000 new ordinary fully paid shares, expanding its listed capital base. The new securities, issued on June 16, 2026, form part of previously flagged transactions, signalling further ...
Zinc of Ireland Issues Large Tranche of Unquoted Performance Rights and Options
Jun 16, 2026
Zinc of Ireland NL has issued a large package of unquoted equity securities, including Class A, B, and C consideration performance rights totaling hundreds of millions of units, along with substantial Class A and B consideration options. These sec...
Zinc of Ireland Issues Large Tranche of Unquoted Performance Rights and Options
Jun 16, 2026
Zinc of Ireland NL has issued a substantial package of unquoted equity securities, including 117 million performance rights with exercise prices of $0.03 and $0.04 expiring in 2031, and 180 million options with exercise prices of $0.02 and $0.03 e...
Zinc of Ireland Seeks ASX Quotation for 153 Million New Shares
Jun 16, 2026
Zinc of Ireland NL has applied to the ASX for quotation of 153 million new ordinary fully paid shares, to be issued on 16 June 2026. The securities form part of a previously announced transaction and, once quoted, will expand the company’s l...
Zinc of Ireland Wins Strong Shareholder Backing for Transaction and Capital Raising
Jun 4, 2026
Zinc of Ireland NL reported that shareholders approved all resolutions at its general meeting in Perth, with each item passed on a poll by the required majority. The approvals cover a proposed transaction involving consideration shares, performanc...
Zinc of Ireland Seeks Shareholder Backing for Meclex Acquisition and Major Equity Issue
May 4, 2026
Zinc of Ireland NL has called a general meeting of shareholders for 4 June 2026 in Perth to seek approval for a significant corporate transaction and related securities issues. The board is asking investors to endorse a proposed transaction involv...
Zinc of Ireland Moves to Digital Notices for June Shareholder Meeting
May 4, 2026
Zinc of Ireland NL has called a General Meeting of shareholders to be held in Perth on 4 June 2026, inviting investors to attend in person or participate via proxy voting arrangements. In line with recent changes to the Corporations Act, the compa...
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.