Aspire Mining Limited (AU:AKM)
ASX:AKM
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Aspire Mining
(Sydney:AKM)
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Rating:52Neutral
Price Target:
AU$0.31
▲(15.93% Upside)
Action:ReiteratedDate:01/23/26
The score is held back primarily by weak operating performance and persistent negative operating/free cash flow despite a strong, debt-free balance sheet. Technicals are supportive with an established uptrend, but momentum is stretched. Valuation remains hard to justify given negative earnings (negative P/E) and no dividend data.
Positive Factors
Debt-free balance sheet
A near-zero debt load and ~A$68m equity base materially reduce refinancing and interest-rate risk for a pre-production miner. This balance sheet strength gives management time and optionality to pursue JVs, farm-outs or staged development without immediate liquidity pressure.
Negative Factors
Persistent cash burn
Consistent negative operating and free cash flow is a durable weakness for a developer: it forces reliance on external funding, dilutes shareholders through capital raises, and limits the company's ability to fund capex or sustain multi-year development without securing firm partners or offtakes.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A near-zero debt load and ~A$68m equity base materially reduce refinancing and interest-rate risk for a pre-production miner. This balance sheet strength gives management time and optionality to pursue JVs, farm-outs or staged development without immediate liquidity pressure.
Read all positive factors
Aspire Mining (AKM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$111.68M
Dividend YieldN/A
Average Volume (3M)84.43K
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees130
SectorBasic Materials
Sector Strength58
IndustryCoal
Share Statistics
EPS (TTM)-0.01
Shares Outstanding507,637,000
10 Day Avg. Volume97,591
30 Day Avg. Volume84,430
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)1.92
Price to Sales (P/S)2795.69
P/FCF Ratio-39.30
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
Aspire Mining Business Overview & Revenue Model
Company Description
Aspire Mining Limited engages in the exploration and development of metallurgical coal assets in Mongolia. The company holds 100% interest in the Ovoot coking coal project that consists of one mining license located in north-western Mongolia. It a...
How the Company Makes Money
Aspire Mining’s primary pathway to monetization is through developing and commercializing its Mongolia-based coal assets and any enabling infrastructure/logistics arrangements tied to those assets. In general, for a pre-production mining developer...
Aspire Mining Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
78
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 46.77K | 28.17K | 764.99K | 51.85K | 0.00 |
| Gross Profit | 46.77K | -102.80K | 647.25K | -205.97K | -235.00K |
| EBITDA | -2.73M | -6.80M | -418.00K | -2.18M | -4.92M |
| Net Income | 6.66M | -1.98M | -557.00K | 428.43K | -5.17M |
Balance Sheet | |||||
| Total Assets | 68.35M | 45.16M | 68.66M | 70.50M | 70.25M |
| Cash, Cash Equivalents and Short-Term Investments | 22.17M | 15.98M | 28.02M | 31.99M | 34.17M |
| Total Debt | 0.00 | 0.00 | 0.00 | 859.00 | 53.49K |
| Total Liabilities | 711.68K | 212.27K | 206.04K | 378.52K | 272.19K |
| Stockholders Equity | 68.27M | 45.33M | 68.98M | 70.65M | 70.34M |
Cash Flow | |||||
| Free Cash Flow | -3.33M | -3.00M | -5.12M | -4.86M | -2.85M |
| Operating Cash Flow | -1.44M | -843.34K | -2.16M | -1.95M | -1.66M |
| Investing Cash Flow | -782.14K | -707.78K | -17.77M | -2.90M | -1.19M |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | -53.49K | -17.00K |
Aspire Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$4.47B | 17.50 | 5.87% | 8.48% | -1.53% | -7.57% | |
72 Outperform | AU$9.89B | 14.86 | 4.93% | 11.73% | -8.45% | -24.30% | |
66 Neutral | AU$7.02B | 23.23 | 11.25% | 1.92% | 52.51% | 82.60% | |
62 Neutral | AU$2.43B | -42.81 | -3.46% | 7.32% | -18.98% | -99.05% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$111.68M | -3.65 | -14.12% | ― | ― | ― | |
44 Neutral | AU$578.38M | -0.80 | -52.66% | 4.79% | -23.91% | -352.91% |
* Basic Materials Sector Average
AU:AKM
Aspire Mining
0.22
-0.02
-8.33%
AU:NHC
New Hope Corporation Limited
5.32
1.83
52.44%
AU:WHC
Whitehaven Coal Limited
8.39
3.66
77.30%
AU:YAL
Yancoal Australia
7.44
2.70
57.09%
AU:SMR
Stanmore Resources Ltd
2.65
1.10
70.64%
AU:CRN
Coronado Global Resources Inc. Shs Chess Depository Interests Repr 10 Sh
0.35
0.10
43.75%
Aspire Mining Corporate Events
Aspire Advances Ovoot Coking Coal Project with Major EPC Deal and PPP Road Bid
Jan 30, 2026
Aspire Mining reported a strong December quarter marked by a key de-risking milestone for its flagship Ovoot Coking Coal Project, signing a US$69.9 million EPC contract with China Coal Technology and Engineering Group’s International Enginee...
Aspire Mining Secures EPC Contract for Ovoot Coal Project Development
Dec 18, 2025
Aspire Mining Limited has announced the signing of a $69.9 million lump-sum EPC contract with China Coal Technology and Engineering Group Corp. to develop key components of its Ovoot Coking Coal Project, including a Coal Handling and Preparation P...
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.