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Australian Mines
(Sydney:AUZ)
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Rating:43Neutral
Price Target:
AU$0.02
â–¼(-10.00% Downside)
Action:Reiterated
Date:06/23/26
The score is pressured primarily by weak operating performance (inconsistent/near-zero revenue, recurring losses) and persistent negative operating/free cash flow. Technicals also lean bearish with price below key moving averages and negative MACD, despite oversold readings. The balance sheet (low debt, sizable equity) is the main stabilizing factor but does not offset execution and cash-burn risk.
Positive Factors
Low leverage / strong balance sheet
Minimal debt and a sizable equity base reduce solvency risk and give management optionality to fund exploration or project studies without immediate refinancing. This balance sheet flexibility supports project development and buffers cash burn over the next several quarters.
Negative Factors
Pre-/early-revenue status
The company remains pre- or early-revenue, with revenue volatility that returned to zero in 2025. Without stable sales, the business cannot self-fund development, increasing dependence on external capital and making execution and valuation contingent on milestone delivery.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Minimal debt and a sizable equity base reduce solvency risk and give management optionality to fund exploration or project studies without immediate refinancing. This balance sheet flexibility supports project development and buffers cash burn over the next several quarters.
Read all positive factors
Australian Mines (AUZ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$43.15M
Dividend YieldN/A
Average Volume (3M)4.83M
Price to Earnings (P/E)―
Beta (1Y)1.21
Revenue GrowthN/A
EPS Growth-33.33%
CountryAU
Employees69
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,158,606,700
10 Day Avg. Volume3,479,693
30 Day Avg. Volume4,831,197
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.34
Price to Sales (P/S)0.00
P/FCF Ratio-5.12
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
Australian Mines Business Overview & Revenue Model
Company Description
Australian Mines Limited operates in the mineral exploration and development sector across Australia. The company concentrates its search primarily on deposits containing cobalt, nickel, and scandium. Its principal asset is the wholly-owned Sconi ...
How the Company Makes Money
null...
Australian Mines Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
66
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 139.00K | 54.00K | 0.00 | 63.00K |
| Gross Profit | -3.00K | -4.00K | 139.00K | -82.00K | -190.00K | -172.00K |
| EBITDA | -1.96M | -1.88M | -3.49M | -3.17M | -5.56M | -3.94M |
| Net Income | -1.96M | -1.88M | -3.80M | -4.11M | -5.79M | -4.49M |
Balance Sheet | ||||||
| Total Assets | 51.22M | 45.10M | 46.98M | 45.31M | 42.25M | 37.23M |
| Cash, Cash Equivalents and Short-Term Investments | 4.80M | 1.45M | 4.49M | 4.63M | 3.99M | 3.64M |
| Total Debt | 0.00 | 0.00 | 0.00 | 2.83M | 181.00K | 345.00K |
| Total Liabilities | 207.00K | 178.00K | 258.00K | 3.85M | 1.28M | 848.00K |
| Stockholders Equity | 51.01M | 44.93M | 46.72M | 41.47M | 40.97M | 36.38M |
Cash Flow | ||||||
| Free Cash Flow | -1.84M | -3.00M | -3.87M | -5.93M | -9.66M | -4.94M |
| Operating Cash Flow | -1.42M | -1.71M | -1.48M | -2.40M | -4.25M | -1.77M |
| Investing Cash Flow | -2.20M | -1.30M | -2.42M | -3.48M | -5.41M | -3.17M |
| Financing Cash Flow | 6.02M | 0.00 | 3.76M | 6.52M | 10.01M | 5.34M |
Australian Mines Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$28.85M | -50.00 | -11.53% | ― | ― | 37.50% | |
45 Neutral | AU$23.62M | -2.34 | -12.11% | ― | ― | 45.35% | |
44 Neutral | AU$9.38M | -7.14 | -5.53% | ― | ― | -7.41% | |
44 Neutral | AU$28.17M | -4.91 | -19.53% | ― | ― | -8.74% | |
43 Neutral | AU$43.15M | -200.00 | -4.08% | ― | ― | -33.33% | |
42 Neutral | AU$21.81M | -11.51 | -4.62% | ― | ― | 1.16% |
* Basic Materials Sector Average
AU:AUZ
Australian Mines
0.02
0.01
100.00%
AU:VR8
Vanadium Resources Ltd.
0.01
>-0.01
-30.00%
AU:BKT
Black Rock Mining Limited
0.01
-0.02
-57.69%
AU:VRC
Volt Resources Ltd
0.01
0.00
0.00%
AU:AR3
Australian Rare Earths Limited
0.11
0.06
111.54%
AU:RVT
Richmond Vanadium Technology Pty Ltd.
0.10
0.02
30.26%
Australian Mines Corporate Events
Australian Mines Director Michael Elias Steps Down but Retains Significant Shareholding
Jun 23, 2026
Australian Mines Limited has announced that director Michael Elias ceased to be a director on 22 June 2026, with the company lodging a final director’s interest notice with the ASX. The notice details that Elias directly holds 18,326,999 ord...
Australian Mines Names New Director and Discloses Initial Option Holdings
Jun 23, 2026
Australian Mines Limited has appointed David Michael McNeilly as a director effective 22 June 2026. Upon his appointment, McNeilly holds 12,500,000 options in the company, exercisable at $0.03 and expiring on 30 July 2029, and has no additional re...
Australian Mines Issues 25 Million Long-Dated Options
Jun 23, 2026
Australian Mines Limited has notified the market of a new issue of unquoted equity securities in the form of options. The company is issuing 25,000,000 options with an exercise price of $0.03, expiring on 30 July 2029, as part of its capital struc...
Australian Mines refreshes board and plans share consolidation for next growth phase
Jun 22, 2026
Australian Mines has reshaped its board as it prepares for its next growth phase, appointing CEO Andrew Nesbitt as managing director and adding Cristian Moreno and Michael McNeilly as non-executive directors while long-serving director Michael Eli...
Australian Mines Issues New Securities and Lodges Cleansing Notice
May 12, 2026
Australian Mines Limited has issued new ordinary shares and AUZOB options, confirming that these securities were released on 12 May 2026 at the terms and price outlined in its recent capital issuance. The company states that the securities were is...
Australian Mines seeks ASX quotation for expanded share and option issue
May 12, 2026
Australian Mines Limited has applied for quotation on the ASX of 107,142,857 new ordinary fully paid shares and 73,571,428 options expiring in May 2027, both issued on 12 May 2026. The move expands the company’s listed capital base, which ma...
Australian Mines Advances Metal Hydride Hydrogen Storage Testing in U.S.
May 10, 2026
Australian Mines has submitted additional metal hydride samples to the U.S. National Laboratory of the Rockies for independent testing, as part of its strategy to advance high-density solid-state hydrogen storage toward commercial use. The work fo...
Australian Mines Reaffirms Strong Economics at Flemington Scandium Project
May 8, 2026
Australian Mines Limited is an ASX-listed resources company focused on developing its 100% owned Flemington Scandium Project in Australia. The company targets the scandium oxide market, aiming to supply high-grade scandium products into applicatio...
Australian Mines Plans Major Share and Option Issue to Expand Capital Base
May 4, 2026
Australian Mines Limited has lodged an Appendix 3B with the ASX outlining a proposed capital raising via a placement or similar issue structure. The company plans to issue new ordinary fully paid shares alongside two series of options, each with d...
Australian Mines advances Boa Vista gold and bolsters Flemington battery metals potential
Apr 30, 2026
Australian Mines reported strong progress at its Boa Vista Gold Project in Brazil during the March quarter, with its VG1 prospect delivering some of the highest gram-metre gold intercepts recorded on the property to date and confirming mineralisat...
Australian Mines to Brief Investors on Flemington Scandium Project
Apr 27, 2026
Australian Mines Limited, an ASX-listed miner focused on scandium and other critical minerals, is advancing its Flemington Scandium Project in Australia. The company promotes a responsible mining ethos, highlighting commitments to community engage...
Australian Mines Scoping Study Points to Strong Economics at Flemington Scandium Project
Apr 27, 2026
Australian Mines has released a scoping study for its Flemington Scandium Project in New South Wales, outlining a long-life, high-grade scandium oxide operation with low capital intensity and conventional, low-risk mining and processing methods. T...
Australian Mines Flags Flemington Scandium Project as High-Grade Growth Catalyst
Apr 21, 2026
Australian Mines has released an investor presentation on its Flemington Scandium Project in New South Wales, ahead of an updated Scoping Study. The presentation outlines the project’s geological setting, mineral resource, development option...
Australian Mines flags progress and risks at Flemington Scandium Project
Apr 21, 2026
Australian Mines has released an investor presentation on its Flemington Scandium Project, highlighting its premier location and progression toward development. The company emphasises that all exploration and resource data referenced have been pre...
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.