Top 10 ASX Dividend Stocks for Nov 2026 Download Free Report

Company price
1.025 AUD -0.07 ( 6.39%)
Last update at 2026-11-12T04:59:00Z
VOLUME
23301
Market Cap
306.27M

Momentum Score

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Tolu Minerals Limited engages in the exploration and development of mineral properties in Papua New Guinea. The company primarily explores for gold, silver, and copper deposits. It primarily holds interest in the Tolukuma Gold Mine project that covers an area of approximately 1,800 square kilometers located in the Goilala District of Central Province of Papua New Guinea. Tolu Minerals Limited was incorporated in 2020 and is based in Kangaroo Point, Australia.

Source: TradingView
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Day Price Range
1.02
Low
1.09
High
52 Week Price Range
1.00
Low
1.78
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Tolu Minerals Ltd is an Australian-listed company that, based on limited public disclosures, appears focused on mineral exploration and project acquisition. Long-term growth could be driven by successful discovery and resource delineation at its projects, securing development partners or financing, and favourable commodity market trends. Investors may find exposure to exploration upside attractive while recognizing the speculative and binary nature of early-stage mining outcomes.
Material risks include the company's early-stage profile, potential need for repeated capital raises, low share liquidity, exploration and development failure, and permitting or jurisdictional uncertainties.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.09
Dividend Yield
-
Revenue TTM
0.41M
Revenue Per Share
-
Gross Profit TTM
0.41M
Debt / Equity
0.11
ROE
-17.05%
Net Debt
-11.64M
ROCE
-12.08%
Diluted EPS TTM
-0.06

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -14.93M -7.62M -4.91M -2.86M -0.81M
Net income -14.93M -7.62M -4.91M -2.86M -0.81M
Selling general administrative 12.49M 6.18M 3.01M 0.03M -
Gross profit - -0.23M -0.02M - -
Ebit - -7.20M -4.52M -2.33M -0.73M
Ebitda - -6.97M -4.50M -2.31M -0.73M
Depreciation and amortization - 0.23M 0.02M 0.02M 0.00M
Operating income -14.72M -7.44M -4.65M -2.21M -0.73M
Other operating expenses - 7.44M 4.65M - 0.91M
Interest expense - 0.41M 0.38M 0.53M 0.08M
Tax provision 0.00M 0.00M 0.00M 0.00M -
Interest income 0.14M 0.49M 0.37M 0.76M -
Total revenue 0.00M 0.00M 0.12M 0.00M -
Total operating expenses 14.72M 7.21M 4.63M 2.21M 0.91M
Cost of revenue - 0.23M 0.02M 0.12M -
Total other income expense net - -0.18M -0.25M -0.66M -0.08M
Net income applicable to common shares -14.93M -7.62M -4.91M -2.86M -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 127.98M 54.53M 23.76M 31.37M -
Intangible assets 0.04M 0.02M - - -
Other current assets - 0.49M 0.18M - -
Total liab 12.78M 9.82M 6.54M 6.05M -
Total stockholder equity 115.19M 44.71M 17.22M 25.31M -
Other current liab - 1.24M 0.28M - -
Common stock 144.06M 60.51M 26.74M 30.37M -
Retained earnings -24.31M -16.20M -8.58M -5.50M -
Other assets 0.12M 0.07M - 0.00M -
Cash 51.19M 16.74M 12.62M 16.10M -
Total current liabilities 6.14M 4.21M 1.58M 1.03M -
Net debt - -11.64M -7.85M -11.64M -
Short term debt 0.00M 0.16M 0.42M 0.04M -
Short long term debt total - 5.10M 4.77M 4.46M -
Other stockholder equity -4.56M -0.57M -1.13M 0.28M -
Property plant equipment 71.92M 34.99M 8.24M 8.41M -
Total current assets 55.89M 19.45M 13.06M 16.18M -
Net receivables 4.29M 2.22M 0.26M 0.08M -
Long term debt 5.38M 4.82M 4.35M 4.30M -
Accounts payable - 2.81M 0.88M 0.98M -
Accumulated other comprehensive income - 0.40M -0.94M 0.44M -
Non currrent assets other - 34.35M - - -
Non current assets total - 35.08M 10.69M 15.19M -
Long term debt total 5.89M 4.94M 4.35M 4.32M -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total cashflows from investing activities -41.21M -24.63M -0.93M -8.16M -0.21M
Total cash from financing activities 84.89M 33.24M 16.27M 10.49M 1.97M
Change in cash 34.45M 4.12M 11.16M 0.27M 1.17M
Begin period cash flow - 12.62M 1.46M 1.19M 0.02M
End period cash flow - 16.74M 12.62M 1.46M 1.19M
Total cash from operating activities -9.24M -4.47M -4.29M -2.12M -0.59M
Other cashflows from investing activities - -24.25M -0.86M -8.16M -
Sale purchase of stock 88.64M -2.14M -1.45M 5.92M -
Other cashflows from financing activities -5.09M -0.14M -0.02M -0.02M -
Capital expenditures 41.21M 24.56M 0.07M 8.16M 0.21M
Change in working capital 0.22M 1.21M 0.00M - -
Other non cash items - -5.68M - - -
Free cash flow - -29.04M -0.07M -10.28M -0.80M

Peer Comparison*

Sector: Basic Materials Industry: Other Precious Metals & Mining

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
TOK
Tolu Minerals Ltd
-0.07
6.39%
1.02 - - 977.80 2.21
MI6
Minerals 260 Ltd
-0.07
8.52%
0.81 20.50 - - 4.93
ZIM
Zimplats Holdings Ltd
-0.56
3.91%
13.75 3.73 8.90 1.17 0.47
FRS
Forrestania Resources Ltd
-0.03
7.25%
0.32 - - 192.74 2.63
A1M
Aic Mines Ltd
-0.02
2.74%
0.71 12.70 - 2.07 1.43

Profile*

Tolu Minerals Ltd

Tolu Minerals Limited engages in the exploration and development of mineral properties in Papua New Guinea. The company primarily explores for gold, silver, and copper deposits. It primarily holds interest in the Tolukuma Gold Mine project that covers an area of approximately 1,800 square kilometers located in the Goilala District of Central Province of Papua New Guinea. Tolu Minerals Limited was incorporated in 2020 and is based in Kangaroo Point, Australia.

180 Main Street, Kangaroo Point, QLD, Australia, 4169

61 7 3472 8406

224

Name Title Year Born
Mr. John Iain Macpherson B.Sc. CEO, MD & Director 1960
Mr. Craig Anthony Dawson A.C.A., ACA, B.Com., BCom CFO & Assistant Company Sec. NA
Mr. Howard Lole Exec. Director of External Affairs (PNG) & Exec. Director NA
Mr. Richard M. Moore Exploration Mang. NA
Naime T. O'ome Company Sec. NA
Mr. John Iain Macpherson B.Sc. CEO, MD & Director 1960
Mr. Craig Anthony Dawson A.C.A., ACA, B.Com., BCom CFO & Assistant Company Sec. NA
Mr. Howard Lole Exec. Director of External Affairs (PNG) & Exec. Director NA
Mr. Richard M. Moore Exploration Mang. NA
Naime T. O'ome Company Sec. NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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