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): 1.08
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• 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: 10.01
• Price to Book (P/B): 315.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.08K
• 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: 48 Neutral
• Price Target: AU$0.04 ▲(26.67% Upside)
• Action: Reiterated Date: 01/30/26
• Date: Action: Reiterated 01/30/26

The score is primarily constrained by weak financial performance (pre-revenue, ongoing losses, and negative cash flow despite improvement in 2025). Technical indicators are neutral with modestly improving momentum, while valuation cannot be evaluated due to missing P/E and dividend yield data.

Positive Factors

Sharply reduced cash burn in 2025

A large reduction in free cash flow loss materially eases near-term funding pressure and extends runway, increasing the likelihood management can execute strategic milestones without immediate capital raises. This improves financial optionality and reduces dilution risk over the medium term.

Reported zero debt in 2025

Elimination of reported debt reduces fixed financial obligations and insolvency risk, improving balance sheet flexibility. With no debt servicing, cash resources can be allocated to project development and hiring, supporting operational buildout as the company progresses toward revenue generation.

Positive equity provides a capital buffer

Maintaining positive equity gives a solvency cushion against ongoing losses and supports access to financing (debt or equity) on more favorable terms than a deficit balance. This structural buffer helps the firm absorb setbacks while pursuing commercialization and scaling initiatives.

Negative Factors

Pre-revenue business profile

Being pre-revenue means the company has not established recurring customer cash inflows, leaving execution and monetization risk high. Without demonstrable revenue traction, the business remains dependent on successful project commercialization and faces prolonged uncertainty about sustainable profitability.

Operating cash flow negative every period

Persistent negative operating cash flow forces reliance on external financing to fund operations, which can dilute shareholders or be limited in downturns. Structural cash burn also constrains reinvestment in growth and lengthens the timeline to self-sustaining operations and positive cash generation.

Consistently negative returns on equity

Negative ROE over time signals the business is destroying shareholder value rather than creating it, limiting reinvestment capacity and making it harder to attract long-term capital. Sustained negative returns raise questions about competitive positioning and operational scalability.

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 reported debt is zero in 2025, but profitability remains negative and funding/execution risk is still high 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	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	61.92K
Gross Profit	0.00	-657.00K	-421.00K	-375.00K	61.92K
EBITDA	-956.00	-1.11K	10.40M	-9.03M	-6.00M
Net Income	-4.05K	-33.79M	-10.58M	-9.44M	-6.33M
Balance Sheet
Total Assets	11.95K	480.00M	493.42M	298.34M	225.91M
Cash, Cash Equivalents and Short-Term Investments	1.41K	17.89M	98.64M	134.87M	110.07M
Total Debt	0.00	169.30M	134.80M	601.99K	112.19K
Total Liabilities	418.00	183.59M	178.25M	15.91M	3.98M
Stockholders Equity	11.53K	296.42M	315.17M	282.43M	221.93M
Cash Flow
Free Cash Flow	-3.37K	-99.04M	-134.44M	-43.20M	-15.45M
Operating Cash Flow	-810.00	-9.65M	-7.18M	-10.01M	-4.70M
Investing Cash Flow	-2.83K	-85.43M	-263.25M	34.38M	-92.24M
Financing Cash Flow	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: Positive
• RSI: Neutral
• STOCH: Negative

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 Positive momentum. The RSI at 52.16 is Neutral, neither overbought nor oversold. The STOCH value of 133.33 is Negative, 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%
AUG	48 Neutral	―	―	―	―	―	―
AIV	47 Neutral	AU$5.98M	-4.58	-38.30%	―	―	61.60%
KLR	45 Neutral	AU$19.16M	-41.94	―	―	―	―
OKJ	44 Neutral	AU$5.67M	-10.69	-38.56%	―	―	21.62%
SLZ	43 Neutral	AU$8.78M	-0.63	-78.12%	―	―	-349.06%
PRL	38 Underperform	AU$2.36M	-5.00	-26.98%	―	―	4.35%

Augustus Minerals Limited Corporate Events

Augustus Minerals launches maiden drilling at high-grade Music Well prospect

Augustus Minerals will begin a maiden Reverse Circulation drilling program at its Music Well project near Leonora in Western Australia, targeting the undrilled Clifton East prospect. The initial campaign will comprise 11 angled holes to 100 metres depth, designed to test outcropping quartz veins within a large gold-in-soil anomaly defined by high-grade rock chip samples.

Historic and recent sampling at Clifton East has outlined about 950 metres of mineralised strike, with multiple assays above 20 grams per tonne gold suggesting potential for a significant discovery. Drilling is expected to be completed within a week, with assays due in early to mid-April, marking a key step in advancing one of the region’s largest unexplored tenement packages in a district hosting several major gold operations.

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 Retracts Mt Kare Model as PNG and WA Gold Exploration Advances

Augustus Minerals has issued a retraction and clarification to its December 2025 quarterly activities report, withdrawing a 3D geological model image of the Mt Kare Project because it cannot currently provide all the information required to support the previously reported mineralised bodies, and advising investors not to base investment decisions on that material. The company also highlighted ongoing progress across its portfolio, including an expanded gold geochemical footprint and imminent RC drilling at the Clifton East prospect at Music Well, continued advancement of permitting and landowner engagement for the Mt Kare and Vanapa River exploration licence applications in Papua New Guinea, and the strategic appointment of veteran mining executive Richard Jordinson to the board, as it seeks to build its position in major gold districts while managing disclosure standards and regulatory processes.

The most recent analyst rating on (AU:AUG) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Augustus Minerals Limited stock, see the AU:AUG Stock Forecast page.

Augustus Minerals Expands Gold Targets at Music Well and Advances PNG Portfolio

In its December quarter report, Augustus Minerals outlined strong exploration progress at its flagship Music Well Gold Project in Western Australia, where a 1,173-sample auger soil program expanded gold geochemical footprints at the Clifton East, Dodd’s, St Patrick’s and Golden Dingo prospects, delineated new undercover targets, and prioritised Clifton East for reverse circulation drilling scheduled to begin in mid-February 2026 following receipt of a key heritage survey report. In Papua New Guinea, the company continued to advance the Mt Kare Gold Project through the permitting system and intensive landowner engagement while positioning itself as the preferred development partner for this rare alkali epithermal gold system, applied for the large Vanapa River exploration licence in a frontier portion of the New Guinea Mobile Belt where site visits confirmed widespread artisanal alluvial gold mining, strengthened its board with the appointment of experienced former AngloGold Ashanti executive Richard Jordinson as a non-executive director, and closed the quarter with a cash balance of $1.07 million to support ongoing work.

The most recent analyst rating on (AU:AUG) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Augustus Minerals Limited stock, see the AU:AUG Stock Forecast page.

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.