Augustus Minerals Limited (AUG) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 480.18K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.75
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 206,359,470
• 10 Day Avg. Volume: 267,168
• 30 Day Avg. Volume: 480,181
• PEG Ratio: 0.01
• Price to Book (P/B): 0.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.08
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: AU$0.04 ▲(36.67% Upside)

The score is driven primarily by weak financial fundamentals (pre-revenue, ongoing losses, and negative cash flow despite a marked 2025 improvement) and bearish technicals (below key moving averages with negative MACD). Valuation impact is neutral because P/E and dividend yield were not provided.

Positive Factors

Improving loss trajectory

The sharp reduction in net loss and cash burn in 2025 reflects meaningful operational progress and cost control. Sustained improvement would reduce near-term funding needs, extend runway, and materially lower execution risk as the company moves toward commercial activity over months.

Zero reported debt

Reporting zero debt alongside positive equity strengthens the balance sheet and financial flexibility. For a pre-revenue miner, lower leverage reduces refinancing and default risk, giving management optionality to fund development or withstand delays without immediate debt servicing pressures.

More conservative capitalization

The shift to a more conservative capital structure versus the prior year lowers structural funding vulnerability. A conservative capitalization profile supports longer-term project timelines, reduces reliance on volatile credit markets, and improves resilience during execution phases.

Negative Factors

Pre-revenue profile

Being pre-revenue with recurring losses means the company lacks durable operating cash generation. Until it achieves commercial sales or production, it faces persistent funding and execution risk, which structurally increases potential dilution and constrains long-term investment in growth.

Persistent negative cash flow

Consistent negative operating and free cash flow indicates structural cash burn despite 2025 improvement. Ongoing reliance on external financing to cover operations undermines sustainability, risks repeated capital raises, and weakens the company's position relative to better-cash-generative peers.

Historic leverage and negative ROE

Prior meaningful leverage and persistently negative ROE signal past funding stress and poor capital returns. Rapid swings in debt levels raise questions about financing strategy and governance, creating structural uncertainty that can hinder long-term planning and investor confidence.

Augustus Minerals Limited Business Overview & Revenue Model

Company Description

Augustus Minerals Ltd engages in exploring for copper-gold, and nickel-copper-PGE's, rare earths, and lithium tenement in the Gascoyne Province of Western Australia. It holds interest in the Ti Tree Shear project comprises 20 granted exploration license covering an area of approximately 3,905 square kilometers located in the Gascoyne Province, in the Shire of Upper Gascoyne and the Shire of Carnarvon. The company was incorporated in 2021 and is based in West Perth, Australia. Augustus Minerals Ltd operates as a subsidiary of Mining Investments Australia Pty Ltd.

How the Company Makes Money

Augustus Minerals Limited Financial Statement Overview

Summary

Early-stage/pre-revenue profile with recurring losses and persistent negative operating/free cash flow. 2025 showed a sharp improvement in net loss and cash burn versus 2024 and debt is reported as zero with positive equity, but the company still faces material execution and funding risk until sustainable revenue and operating cash flow are achieved.

Income Statement

The income statement shows a pre-revenue profile, with revenue essentially at zero across most years and recurring losses. Losses improved sharply in 2025 (net loss of ~4.0m vs ~33.8m in 2024), but profitability remains deeply negative and results appear volatile year-to-year (including an unusual swing in operating profitability indicators in 2023). Overall, the trajectory is improving recently, but the business is still not operating at scale.

Balance Sheet

Balance sheet strength is mixed. Equity remains positive, which provides some buffer, and reported debt is zero in 2025. However, leverage was meaningful in 2024 (debt-to-equity ~0.57), and returns on equity are consistently negative, indicating ongoing value erosion from losses. The rapid change in debt levels across years adds uncertainty, but current capitalization looks more conservative than last year.

Cash Flow

Cash flow is a key weakness: operating cash flow is negative in every period shown, and free cash flow is materially negative, indicating ongoing cash burn. While the cash burn improved substantially in 2025 (free cash flow loss ~3.4m vs ~99.0m in 2024), the company still relies on external funding to sustain operations until it can generate durable operating inflows.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	61.92K
Gross Profit	0.00	0.00	-657.00K	-421.00K	-375.00K	61.92K
EBITDA	-3.58K	-956.00	-1.11K	10.40M	-9.03M	-6.00M
Net Income	-164.58K	-4.05K	-33.79M	-10.58M	-9.44M	-6.33M
Balance Sheet
Total Assets	11.95K	11.95K	480.00M	493.42M	298.34M	225.91M
Cash, Cash Equivalents and Short-Term Investments	1.41K	1.41K	17.89M	98.64M	134.87M	110.07M
Total Debt	0.00	0.00	169.30M	134.80M	601.99K	112.19K
Total Liabilities	418.00	418.00	183.59M	178.25M	15.91M	3.98M
Stockholders Equity	11.53K	11.53K	296.42M	315.17M	282.43M	221.93M
Cash Flow
Free Cash Flow	-16.54K	-3.37K	-99.04M	-134.44M	-43.20M	-15.45M
Operating Cash Flow	-5.29K	-810.00	-9.65M	-7.18M	-10.01M	-4.70M
Investing Cash Flow	-2.83K	-2.83K	-85.43M	-263.25M	34.38M	-92.24M
Financing Cash Flow	3.75K	2.03K	14.36M	249.22M	67.43M	115.56M

Augustus Minerals Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AUG, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.88 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AUG.

Augustus Minerals Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AIV	47 Neutral	AU$5.44M	-4.58	-38.30%	―	―	61.60%
OKJ	46 Neutral	AU$7.32M	-13.79	-38.56%	―	―	21.62%
KLR	45 Neutral	AU$25.80M	-56.45	―	―	―	―
SLZ	44 Neutral	AU$9.36M	-0.80	-78.12%	―	―	-349.06%
AUG	42 Neutral	―	―	―	―	―	―
PRL	38 Underperform	AU$13.00M	-5.00	-26.98%	―	―	4.35%

Augustus Minerals Limited Corporate Events

Augustus Minerals Clears Heritage Hurdle to Begin Maiden Drilling at Music Well

Augustus Minerals has received a key Heritage Survey Report for its Music Well Gold Project in Western Australia, clearing the statutory approvals required to begin drilling and paving the way for its maiden drilling campaign at the Clifton East prospect in early 2026. The company plans an initial 1,000m reverse circulation program of 11 holes targeting multiple quartz veins along a major regional fault, following up on high-grade rock chip samples and testing a 1.2km-long soil and structural anomaly in an area with no historic drilling within 5km, potentially enhancing the project’s exploration significance and value for shareholders.

The most recent analyst rating on (AU:AUG) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Augustus Minerals Limited stock, see the AU:AUG Stock Forecast page.

Augustus Minerals Defends Compliance on New Director Election After ASX Query

Augustus Minerals has formally responded to an ASX Aware Query regarding the process it followed for the election of a newly appointed director at its November 2025 annual general meeting, confirming that no supplementary meeting materials or updated proxy forms were dispatched to shareholders due to the timing of the appointment, which occurred only two business days before the meeting. The company maintains that all material information about the new director was already released in an earlier announcement, asserts that the director’s appointment and subsequent election complied with its constitution, the Corporations Act and ASX Listing Rules, and stresses that the resolution would have passed even without the Executive Chairman’s votes, noting that no proxy votes were received on the resolution.

The most recent analyst rating on (AU:AUG) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Augustus Minerals Limited stock, see the AU:AUG Stock Forecast page.

Augustus Minerals Cancels 6 Million Performance Rights and Options

Augustus Minerals Limited has notified the market that a total of 6 million equity-linked securities have ceased, including performance rights and various options with exercise prices ranging from $0.10 to $0.20 and expiries in August 2028. The cessation of these securities, effective 22 December 2025, alters the company’s issued capital structure and may reduce potential future dilution for existing shareholders, though the announcement provides no further detail on the specific reason for the cessation beyond categorising it as “other.”

Augustus Minerals CEO Resigns, Interim Leadership Announced

Augustus Minerals Limited announced the resignation of its Chief Executive Officer, Dr. James Warren, effective immediately. The company has appointed Andrew Ford, the General Manager of Exploration, along with the Executive Chairman and the board, to assume Dr. Warren’s responsibilities temporarily. Augustus Minerals plans to begin recruiting a new CEO and aims for a smooth transition, ensuring minimal disruption to its operations.

Augustus Minerals Limited Announces Issuance of Unquoted Options

Augustus Minerals Limited has announced the issuance of unquoted options as part of a previously announced transaction. The company is issuing 24,206,516 unquoted options exercisable at $0.075 each and 4,000,000 unquoted options exercisable at $0.10 each, both expiring on November 25, 2028. This move is likely to impact the company’s financial strategy and stakeholder interests by potentially increasing capital through the exercise of these options.

Augustus Minerals Limited Highlights Strategic Projects in Australia and Papua New Guinea

Augustus Minerals Limited has released a corporate presentation detailing its ongoing projects in Western Australia and Papua New Guinea. The presentation emphasizes compliance with the JORC Code for reporting exploration results and mineral resources, highlighting the company’s commitment to transparency and accuracy. However, it cautions that geological similarities with other projects do not guarantee success in resource delineation. The announcement underscores the company’s strategic positioning in the mining sector, although it does not constitute an offer or investment advice.

Augustus Minerals Announces New Director Appointment

Augustus Minerals Limited has announced the appointment of Richard Jordinson as a director, effective November 14, 2025. The initial director’s interest notice reveals that Jordinson currently holds no relevant interests in securities, either as a registered holder or through other entities, and has no interests in contracts related to the company. This appointment may influence the company’s governance structure, but it does not immediately impact its operational or market strategies.

Augustus Minerals Limited Announces Successful AGM Resolutions

Augustus Minerals Limited announced the successful passing of all resolutions at its Annual General Meeting, including the re-election of director Brian Rodan and the approval of various mandates and ratifications related to share placements and securities. This outcome reflects strong shareholder support and positions the company to continue its strategic initiatives, potentially impacting its operational capabilities and stakeholder interests positively.

Augustus Minerals Secures Strategic Exploration License in Papua New Guinea

Augustus Minerals Limited has successfully applied for an exploration license for the Vanapa River region in Papua New Guinea, a highly prospective area within the New Guinea Metallogenic Belt, known for its rich gold-copper deposits. This strategic move allows Augustus to conduct frontier exploration in a largely unexplored area, potentially enhancing its industry positioning and offering significant opportunities for stakeholders as it progresses with its Mt Kare license application.

Augustus Minerals Appoints Seasoned Mining Executive to Board

Augustus Minerals Limited has appointed Mr. Richard Jordinson as a Non-executive Director. With 40 years of global mining experience, Jordinson’s leadership and operational expertise, particularly in managing large-scale projects and culturally diverse teams, are expected to significantly contribute to Augustus’s growth and strategic goals.

Augustus Minerals Advances Gold Exploration at Music Well and Mt Kare Projects

Augustus Minerals Limited has completed a heritage survey and identified probable sanukitoid intrusions at its Music Well project, indicating potential for significant gold mineralization. The company is also advancing its Mt Kare Gold Project in Papua New Guinea, with plans for aggressive drilling and development to explore high-grade gold zones. The company’s cash position as of September 2025 was $1.94 million, bolstered by a recent capital raise.