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Zenith Minerals Limited (ZNC) AI Stock Analysis
Zenith Minerals Limited
(ASX:ZNC)
The overall score is low primarily because Zenith shows persistent operating and net losses, negative cash flows, and unstable revenue despite a conservative, equity-funded balance sheet, indicating that the business is still far from self-sustaining profitability. Technical signals reinforce this cautious view, with the share in a clear downtrend, oversold momentum readings, and high volatility suggesting elevated downside risk even though a short-term bounce is possible. Valuation adds limited support, as a negative P/E and lack of dividend imply that the stock is currently a speculative exploration exposure rather than a fundamentally attractive income or earnings-driven investment.
Zenith Minerals Limited (ZNC) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 45.43M
- Dividend Yield
- ―
- Average Volume (3M)
- 178.25K
- Price to Earnings (P/E)
- -46.7
- Beta (1Y)
- 1.82
- Revenue Growth
- 185.18%
- EPS Growth
- 80.00%
- Country
- Australia
- Employees
- 3
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
Zenith Minerals Limited Business Overview & Revenue Model
Company Description
Zenith Minerals Limited, along with its subsidiaries, is an enterprise dedicated to the discovery and development of mineral resources across Australia, Turkey, Europe, and the United States. Its exploration efforts target a diverse array of valuable...
Zenith Minerals Limited Financial Statement Overview
Summary
A conservatively financed balance sheet with minimal debt and a solid equity cushion is outweighed by highly volatile revenue, four consecutive years of large operating and net losses, and consistently negative operating and free cash flows, leaving overall financial health weak and reliant on ongoing investor funding rather than self-sustaining profitability.
Income Statement
27NegativeBalance Sheet
67PositiveCash Flow
23Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 822.40K | 819.37K | 298.72K | 649.81K | 1.64M | 1.12M |
| Gross Profit | 748.09K | 748.09K | 298.72K | 668.32K | 1.62M | 1.11M |
| EBITDA | -1.99M | -1.99M | -1.43M | -59.07K | -6.73M | -868.21K |
| Net Income | -871.39K | -871.39K | -2.90M | -4.47M | -9.31M | 1.47M |
Balance Sheet | ||||||
| Total Assets | 26.74M | 26.74M | 14.42M | 14.47M | 19.30M | 26.82M |
| Cash, Cash Equivalents and Short-Term Investments | 6.30M | 6.30M | 1.52M | 2.86M | 6.58M | 15.37M |
| Total Debt | 144.07K | 144.07K | 0 | 0 | 0 | 0 |
| Total Liabilities | 703.35K | 703.35K | 725.00K | 435.43K | 881.53K | 303.81K |
| Stockholders Equity | 26.04M | 26.04M | 13.70M | 14.04M | 18.42M | 26.52M |
Cash Flow | ||||||
| Free Cash Flow | -1.80M | -1.80M | -1.33M | -3.36M | -6.36M | -5.65M |
| Operating Cash Flow | -1.70M | -1.70M | -1.33M | -838.17K | -6.30M | -5.65M |
| Investing Cash Flow | -7.10M | -7.10M | -1.76M | -280.44K | 375.17K | -45.08K |
| Financing Cash Flow | 12.44M | 12.44M | 2.54M | 0 | 273.68K | 11.77M |
Zenith Minerals Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ZNC, the sentiment is Negative. The current price of 0.07 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and below the 200-day MA of 0.08, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 38.68 is Neutral, neither overbought nor oversold. The STOCH value of 13.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ZNC.
Zenith Minerals Limited Peers Comparison
Overall Rating
AU:KLI49Neutral
AU:NMT43Neutral
AU:ADN42Neutral
AU:ZNC40.1Neutral
AU:PNN40Underperform
AU:PL938Underperform
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% |
| 49Neutral | AUD 81.16M | -19.40 | -18.98% | ― | ― | 30.00% | |
| 43Neutral | AUD 23.65M | -2.97 | -43.52% | ― | ― | 76.51% | |
| 42Neutral | AUD 25.70M | -0.20 | -154.66% | ― | ― | -1311.11% | |
| 40Neutral | AUD 45.43M | -46.67 | -3.47% | ― | 185.18% | 80.00% | |
| 40Underperform | AUD 61.28M | -3.65 | -33.02% | ― | -100.00% | 80.38% | |
| 38Underperform | AUD 28.90M | 12.50 | -0.46% | ― | ― | ― |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:ZNC | Zenith Minerals Limited | 0.07 | -0.03 | -27.08% | |
| AU:PNN | PepinNini Minerals Limited | 0.14 | 0.03 | 27.27% | |
| AU:NMT | Neometals Ltd. | 0.03 | -0.03 | -55.00% | |
| AU:ADN | Andromeda Metals Limited | 0.01 | 0.00 | 0.00% | |
| AU:PL9 | Arizona Lithium Limited | ― | ― | ― | |
| AU:KLI | Killi Resources Limited | 0.23 | 0.16 | 246.15% |
Zenith Minerals Limited Corporate Events
Forrestania Takes Control as Zenith Takeover Offer Turns Unconditional
Forrestania Resources has declared its off‑market takeover offer for all fully paid ordinary shares in Zenith Minerals unconditional, after confirming that the minimum acceptance condition has been met and complying with Takeovers Panel orders...
Forrestania Declares Zenith Minerals Takeover Bid Unconditional Ahead of November Close
Forrestania Resources Limited has confirmed that the minimum acceptance condition for its off-market takeover bid for all fully paid ordinary shares in Zenith Minerals Limited has been satisfied, meaning the offer is now unconditional in that respect...
Zenith Minerals Seeks ASX Quotation for Nearly 2 Million New Shares
Zenith Minerals Limited has applied to the ASX for quotation of 1,981,185 new ordinary fully paid shares. The securities, issued on 19 October 2026 following the exercise of options or conversion of other securities, will expand the company’s l...
Forrestania Advances Zenith Minerals Takeover After Panel-Ordered Disclosures
Forrestania Resources Limited has provided an update on its off-market takeover bid for 100% of Zenith Minerals, confirming it has complied with corrective disclosure orders from the Takeovers Panel and is dispatching documents to Zenith shareholders...
Zenith Minerals Issues Further Guidance on Forrestania Takeover Offer
Zenith Minerals has issued a fifth supplementary target’s statement in response to Forrestania Resources’ off-market takeover bid for all Zenith shares, updating its earlier communications on the offer. The board unanimously recommends th...
Forrestania Updates Takeover Bid Terms for Zenith Minerals
Forrestania Resources Limited has issued a fourth supplementary bidder’s statement providing corrective disclosure in relation to its off-market takeover offer for Zenith Minerals Limited. The offer proposes 1 new Forrestania share for every 4....
Forrestania Extends Zenith Minerals Takeover Offer to November
Forrestania Resources Limited has again extended its off-market takeover offer for all fully paid ordinary shares in Zenith Minerals Limited, pushing the acceptance deadline from 16 June 2026 to 5:00 p.m. AWST on 12 November 2026. All references to t...
Zenith Minerals Sets Date and Deadlines for 2026 AGM and Board Nominations
Zenith Minerals has scheduled its 2026 Annual General Meeting for 30 November 2026 at a Perth city venue, inviting shareholders to attend and consider the formal business of the company. The board also confirmed that nominations for election as a dir...
Zenith Issues Fourth Supplementary Statement on Forrestania Takeover Bid
Zenith Minerals has issued a fourth supplementary target’s statement in response to the ongoing off-market takeover offer from Forrestania Resources, which seeks to acquire all Zenith shares. The new document updates and supplements Zenith̵...
Zenith Minerals Seeks ASX Quotation for Additional Ordinary Shares
Zenith Minerals Limited has applied to the ASX for quotation of 4,074 additional ordinary fully paid shares. The new securities result from the exercise or conversion of existing options or other convertible instruments, modestly increasing the compa...
Zenith Minerals Releases 2026 Annual Report Detailing Financials and Mining Interests
Zenith Minerals Limited has released its annual report for the year ended 30 June 2026, providing a comprehensive overview of its financial performance, cash flows, and changes in equity. The report also details governance practices, auditor findings...
Zenith Minerals Expands ASX-Quoted Share Capital with New Issue
Zenith Minerals Limited has applied for the quotation of 181,285 additional ordinary fully paid shares on the ASX, with the securities issued on August 3, 2026.The modest increase in quoted capital reflects routine conversion or exercise of existing...
Takeovers Panel Upholds Ruling and Demands Extra Disclosure in Zenith Minerals Bid
Australia’s Takeovers Panel has upheld an earlier finding of unacceptable circumstances in relation to Forrestania Resources’ recommended off-market takeover bid for Zenith Minerals Limited, while accepting new undertakings from both comp...
Zenith Minerals Faces Fresh Takeovers Panel Review Over Control Dispute
Australia’s Takeovers Panel has received a review application from Ida Metal Investments Pty Ltd challenging earlier orders made in relation to control circumstances at Zenith Minerals Limited. The filing also seeks interim orders mirroring tho...
Forrestania Grants Ninth Extension to Zenith Minerals Takeover Bid
Forrestania Resources has again extended its off‑market takeover offer for all fully paid ordinary shares in Zenith Minerals, pushing the bid’s closing date from 28 September to 21 October 2026 in line with Takeovers Panel orders. The ext...
Forrestania Confirms Zenith Minerals Takeover Bid Remains Open After Panel Orders
Forrestania Resources has confirmed that the Takeovers Panel’s recent orders relating to its bid for Zenith Minerals do not block the takeover, allowing the offer to remain open for acceptances by Zenith shareholders. Forrestania has already se...
Takeovers Panel Orders Fresh Disclosures in Zenith Minerals–Forrestania Bid
Australia’s Takeovers Panel has issued final orders over the contested takeover of Zenith Minerals Limited by Forrestania Resources Limited, following findings of unacceptable circumstances around disclosure and control. The Panel concluded tha...
Forrestania Extends Zenith Minerals Takeover Bid and Grants Shareholders Withdrawal Rights
Forrestania Resources has again extended its off-market takeover offer for all fully paid ordinary shares in Zenith Minerals, pushing the offer period out to 5:00pm AWST on 28 September 2026. The extension, made under Corporations Act provisions and...
Zenith Minerals Issues New Shares and Confirms Regulatory Compliance
Zenith Minerals Limited, an ASX-listed Australian resources company, focuses on mineral exploration and development, aiming to create value through its portfolio of mining assets for investors in the local market.The company has issued 510 ordinary s...
Zenith Minerals Seeks ASX Quotation for Additional Ordinary Shares
Zenith Minerals Limited, an Australia-based minerals company listed on the ASX under code ZNC, continues to manage its capital structure through the issuance and quotation of ordinary fully paid shares. Its activities are framed by adherence to ASX L...
Zenith Flags Forrestania Capital Raising and Edna May Gold Deal Ahead of Panel Ruling
Zenith Minerals has highlighted that Forrestania Resources has completed the second tranche of its capital raising, following shareholder approval in late August, and has finalised the acquisition of the Edna May Gold Project from Ramelius Resources....
Forrestania Updates Takeover Bid for Zenith Minerals
Forrestania Resources Limited has issued a third supplementary bidder’s statement in relation to its off-market takeover offer for Zenith Minerals Limited, updating shareholders on the terms and timing of the bid. The offer, consisting of 1 new...
Forrestania Grants Zenith Investors More Time and Withdrawal Rights in Extended Takeover Bid
Forrestania Resources has again extended its off-market takeover offer for all fully paid ordinary shares in Zenith Minerals Limited, pushing the acceptance deadline from 16 June 2026 to 5:00 p.m. AWST on 21 September 2026. All references to the prio...
Takeovers Panel Freezes Forrestania Bid for Zenith Minerals
Australia’s Takeovers Panel has imposed new interim orders over the contested takeover of Zenith Minerals Limited, following earlier applications from Harvest Lane Asset Management and Ida Metal Investments alleging unacceptable circumstances i...
Review Sought Over Takeovers Panel Ruling on Zenith Minerals
The Takeovers Panel has received a review application from Forrestania Resources Limited challenging its earlier declaration of unacceptable circumstances involving Zenith Minerals Limited. A review panel has not yet been appointed, and no decision h...
Zenith Minerals Expands Capital Base With Conversion of ZNCOA Options
Zenith Minerals Limited has issued 195,702 ordinary shares following the conversion of an equivalent number of ZNCOA securities, expanding its issued capital base. The move reflects the exercise of options by holders and marginally increases the comp...
Zenith Minerals Seeks Quotation for Additional ASX Shares
Zenith Minerals Limited has applied for the quotation of 195,702 new ordinary fully paid shares on the Australian Securities Exchange. The securities arise from the exercise or conversion of existing instruments, modestly increasing the company’...
Zenith Notes Strong Shareholder Support for Forrestania’s Edna May Deal
Zenith Minerals has reported the outcome of Forrestania Resources’ 28 August general meeting, where all resolutions, including approval of a second tranche capital raising and the issue of consideration shares to Ramelius Resources, were passed...
Forrestania Again Extends Zenith Minerals Takeover Offer, Grants Withdrawal Rights
Forrestania Resources has announced a sixth extension to its off-market takeover bid for all fully paid ordinary shares in Zenith Minerals, pushing the offer closing date from 16 June 2026 to 5:00 p.m. AWST on 14 September 2026. The revised timetable...
Takeovers Panel Forces Extension of Forrestania Bid for Zenith Minerals
Australia’s Takeovers Panel has issued new interim orders relating to Forrestania Resources Limited’s off-market takeover bid for all ordinary shares in Zenith Minerals Limited, following applications by Harvest Lane Asset Management and...
Takeovers Panel Censures Forrestania Over Zenith Minerals Bid Conduct
Australia’s Takeovers Panel has declared unacceptable circumstances in relation to Forrestania Resources’ dealings in Zenith Minerals Limited during its takeover bid. The Panel found Forrestania had effectively gained a substantial holdin...
Zenith Minerals Issues New Shares on ZNCOA Conversion and Lodges Cleansing Notice
Zenith Minerals Limited has issued 104,761 new ordinary shares following the conversion of an equivalent number of ZNCOA securities, modestly expanding its share capital base. The company also lodged a cleansing notice under section 708A(5)(e) of the...
Zenith Minerals Seeks ASX Quotation for Additional Shares
Zenith Minerals has applied for quotation on the ASX of 104,761 additional ordinary fully paid shares, following the issue of these securities. The new shares, which result from the exercise or conversion of existing options or other convertible secu...
Forrestania Grants Zenith Investors Withdrawal Rights as Takeover Bid Extended
Forrestania Resources has moved to further extend its off-market takeover offer for all fully paid ordinary shares in Zenith Minerals, pushing the bid’s closing date from 16 June 2026 to 5:00pm AWST on 7 September 2026. All references to the pr...
Zenith Minerals Board Backs Forrestania Takeover Offer
Zenith Minerals Limited is an ASX-listed mineral exploration and development company operating in the Australian resources sector, with its fully paid ordinary shares traded under the ticker ZNC. The company is currently the target of an off-market t...
Forrestania Extends Scrip-Based Takeover Offer for Zenith Minerals
Zenith Minerals Limited, an Australian minerals exploration company, has become the subject of an off‑market takeover bid from Forrestania Resources Limited, a fellow resources sector player seeking to grow through portfolio expansion. The prop...
Zenith Minerals Amends Takeover Agreement With Forrestania Resources
Zenith Minerals has entered into an amended and restated takeover implementation deed with Forrestania Resources, updating the original agreement signed on 8 June 2026. The revised deed signals continued progress in the planned takeover process, unde...
Zenith Minerals Issues New Shares Following ZNCOA Conversion
Zenith Minerals Limited has issued 53,654 ordinary shares following the conversion of an equivalent number of ZNCOA securities, expanding its share capital through the exercise of existing options. The company confirmed that the share issue occurred...
Zenith Minerals Expands ASX-Quoted Share Capital
Zenith Minerals Limited has applied for the quotation of 53,654 new ordinary fully paid shares on the ASX, effective 17 August 2026. The modest increase in quoted securities reflects the conversion or exercise of existing instruments, slightly expand...
Zenith Minerals Options Lapse Trims Potential Future Dilution
Zenith Minerals Limited, an ASX-listed mineral exploration and development company, oversees a range of securities as part of its capital structure. The group’s focus on resource projects is supported by equity and option-based instruments that...
Forrestania Clarifies Extended Takeover Terms for Zenith Minerals
Forrestania Resources has clarified the terms of its off-market takeover bid for all fully paid ordinary shares in Zenith Minerals Limited, confirming that the offer period has been extended to 31 August 2026 and that all related documentation now re...
Forrestania Extends Zenith Minerals Takeover Bid and Shortens Payment Window
Forrestania Resources has again extended its off-market takeover offer for all shares in Zenith Minerals, moving the closing time to 5:00 p.m. AWST on 31 August 2026 from the prior August deadline. All references to the earlier date in the bidderR...
Takeovers Panel Halts Progress on Forrestania’s Bid for Zenith Minerals
The Takeovers Panel has issued interim orders concerning Forrestania Resources Limited’s off-market takeover bid for all ordinary shares in Zenith Minerals Limited. The orders prevent Forrestania from processing any acceptances under the bid or...
Forrestania Extends Takeover Bid Period for Zenith Minerals to Mid-August
Forrestania Resources has extended the offer period for its off-market takeover bid for all fully paid ordinary shares in Zenith Minerals Limited. The acceptance deadline has been pushed from 16 June 2026 to 5:00 p.m. AWST on 17 August 2026, with all...
Zenith Minerals launches new RC drilling push at Dulcie Gold Project
Zenith Minerals has begun mobilising a reverse circulation drill rig for an up to 38-hole, approximately 4,800 metre programme at its Consolidated Dulcie Gold Project in Western Australia. The work, using the same contractor that completed an earlier...
Zenith Minerals Backs Forrestania Takeover as Dulcie Gold Corridor Consolidated
Zenith Minerals has concluded a strategic review that led its board to unanimously back a recommended off-market takeover by Forrestania Resources, offering shareholders a premium scrip deal and reaffirming support following Forrestania’s move...
Panel Application Challenges Forrestania’s Takeover Conduct in Zenith Minerals Bid
The Takeovers Panel has received an application from substantial shareholder Ida Metal Investments regarding the conduct of Forrestania Resources’ recommended scrip bid for Zenith Minerals. Ida Metal argues that Forrestania’s parallel neg...
Zenith Minerals Issues New Shares Following ZNCOA Conversion
Zenith Minerals has issued 2,024,215 ordinary shares following the conversion of an equivalent number of ZNCOA securities, expanding its share capital base. The company confirmed that the share issue was conducted without a formal disclosure document...
Zenith Minerals Lists Over 2 Million New Shares on ASX
Zenith Minerals Limited has applied for quotation of 2,024,215 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of July 27, 2026. The additional securities, arising from the exercise or conversion of existing o...
Takeovers Panel clamps down on Forrestania’s bid for Zenith Minerals
The Australian Takeovers Panel has accepted an undertaking from Forrestania Resources Limited restricting its actions in relation to its takeover bid for Zenith Minerals Limited. Forrestania has agreed not to declare its offer free of any defeating c...
Zenith Board Reaffirms Support for Forrestania Takeover in New Statement
Zenith Minerals has issued a second supplementary target’s statement in response to the off-market takeover offer from Forrestania Resources, which seeks to acquire all fully paid ordinary shares in Zenith. The document updates earlier statemen...
Forrestania Extends Conditional Takeover Offer for Zenith Minerals
Forrestania Resources has issued a second extension to its off-market takeover offer for all fully paid ordinary shares in Zenith Minerals, pushing the offer closing date to 5:00pm AWST on 7 August 2026. The extension replaces prior timetable referen...
Zenith Minerals Corrects Option Conversion and Issues Cleansing Notice
Zenith Minerals has corrected an earlier announcement regarding the conversion of options into ordinary shares, clarifying that 1,675,932 options were converted rather than the previously stated 1,780,170, and has issued an updated Appendix 2A to ref...
Zenith Minerals Corrects Overstated Option Conversions in ASX Filing
Zenith Minerals Limited has updated its application for quotation of securities on the ASX, correcting an error in the previously reported number of options converted into shares. The company disclosed that the original figure overstated the conversi...
Zenith Minerals Issues New Shares on Conversion of ZNCOA Securities
Zenith Minerals Limited has issued 1,780,170 new ordinary shares following the conversion of an equivalent number of ZNCOA securities, modestly expanding its share capital base. The company stated that the issuance was conducted without a prospectus...
Zenith Minerals Lists Additional Shares Following Option Conversions
Zenith Minerals Limited has applied for quotation on the ASX of 1,780,170 new ordinary fully paid shares, which were issued on 23 July 2026. The additional securities arise from the exercise or conversion of existing options or other convertible inst...
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: Oct 02, 2026