Australian Mines Limited (AU:AUZ)
ASX:AUZ
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Australian Mines
(Sydney:AUZ)
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Rating:40Underperform
Price Target:
AU$0.02
▼(-25.00% Downside)
Action:DowngradedDate:03/21/26
The score is driven primarily by weak financial performance (inconsistent/near-zero revenue, ongoing losses, and continued cash burn), partially cushioned by a low-debt balance sheet. Technical indicators are also weak with the price below major moving averages and negative MACD, while valuation offers little support due to negative earnings and no dividend.
Positive Factors
Low leverage / strong equity
The balance sheet shows minimal-to-no debt and roughly $44.9M of equity with stable assets, lowering solvency risk. Low leverage provides financing flexibility to advance exploration and development over months, reducing immediate refinancing pressure and supporting project optionality.
Negative Factors
Pre-/early-revenue with persistent losses
The company remains pre- or early-revenue with volatile or near-zero sales and recurring net losses (net loss ~$1.9M in 2025). Without a clear, sustainable revenue trajectory, profitability is unlikely in the near term, limiting internally generated funding for development.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong equity
The balance sheet shows minimal-to-no debt and roughly $44.9M of equity with stable assets, lowering solvency risk. Low leverage provides financing flexibility to advance exploration and development over months, reducing immediate refinancing pressure and supporting project optionality.
Read all positive factors
Australian Mines (AUZ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$32.81M
Dividend YieldN/A
Average Volume (3M)4.83M
Price to Earnings (P/E)―
Beta (1Y)1.60
Revenue GrowthN/A
EPS Growth74.51%
CountryAU
Employees69
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding2,051,463,900
10 Day Avg. Volume3,479,693
30 Day Avg. Volume4,831,197
Financial Highlights & Ratios
PEG Ratio0.12
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 (AUZ) is an Australian-based public company focused on the exploration and development of critical mineral projects. The company primarily operates in the mining sector, with a particular emphasis on cobalt, nickel, and sc...
How the Company Makes Money
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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$34.03M | -12.76 | -11.53% | ― | ― | 40.00% | |
46 Neutral | AU$35.77M | -4.34 | -19.53% | ― | ― | 3.79% | |
44 Neutral | AU$30.07M | -1.90 | -12.11% | ― | ― | 23.60% | |
44 Neutral | AU$34.15M | -4.43 | -4.62% | ― | ― | 4.49% | |
43 Neutral | AU$10.62M | -13.13 | -5.53% | ― | ― | -25.00% | |
40 Underperform | AU$32.81M | -8.50 | -4.08% | ― | ― | 74.51% |
* Basic Materials Sector Average
AU:AUZ
Australian Mines
0.02
<0.01
60.00%
AU:VR8
Vanadium Resources Ltd.
0.02
>-0.01
-15.00%
AU:BKT
Black Rock Mining Limited
0.01
>-0.01
-30.00%
AU:VRC
Volt Resources Ltd
0.01
0.00
0.00%
AU:AR3
Australian Rare Earths Limited
0.14
0.07
91.78%
AU:RVT
Richmond Vanadium Technology Pty Ltd.
0.16
0.01
6.90%
Australian Mines Corporate Events
Australian Mines issues options and confirms compliance status
Mar 19, 2026
Australian Mines Limited has issued a new tranche of AUZOA options on 19 March 2026, confirming that these securities were issued without a prospectus under the Corporations Act’s disclosure exemptions. The company states it remains complian...
Australian Mines Seeks ASX Quotation for 2.5 Million Contractor Options
Mar 19, 2026
Australian Mines Limited has applied for quotation of new securities on the ASX, specifically 2,500,000 options with the code AUZOA expiring on 2 February 2027. The options were issued on 19 March 2026 as part consideration to a contractor, indica...
Australian Mines Releases Interim Financial Report for Half Year 2025
Mar 12, 2026
Australian Mines Limited has released its consolidated interim financial report for the half year ended 31 December 2025. The document includes the directors’ report, auditor’s independence declaration, reviewed financial statements, a...
Australian Mines Hits Record Gold Intercept at Brazil’s Boa Vista Project
Mar 9, 2026
Australian Mines has reported new assay results from three diamond drill holes in its 2025 campaign at the Boa Vista Gold Project in Brazil, including the strongest intercept recorded at the site so far. Hole VGADD0010 delivered 195.3 gram-metres ...
Australian Mines Options Lapse Without Exercise, Simplifying Capital Structure
Feb 25, 2026
Australian Mines Limited has reported the expiry of 42,372,882 options exercisable at $0.089, which lapsed unexercised on 23 February 2026. The cessation of these options reduces the pool of potential future ordinary shares, slightly simplifying t...
Australian Mines Drilling Boosts Flemington Scandium Resource Potential
Feb 9, 2026
Australian Mines has reported new aircore drilling results from its Flemington Project in New South Wales that show broad zones of near-surface scandium mineralisation with grades materially higher than the current 2025 mineral resource estimate o...
Australian Mines Uncovers High-Grade Baixão Target at Boa Vista Gold Project
Feb 5, 2026
Australian Mines Limited has identified a new high-priority gold target, Baixão, at its Boa Vista Gold Project in Brazil, with reconnaissance grab sampling returning high-grade assays of up to 29.4 g/t gold from shallow artisanal workings. Th...
Australian Mines Advances Boa Vista and Flemington Drilling, Secures $4m Placement
Jan 27, 2026
Australian Mines’ latest quarterly report highlights solid progress at its Boa Vista Gold Project in Brazil, where diamond drilling at the VG1 target intersected the interpreted mineralisation envelope as planned and delivered a standout int...
Australian Mines Reports Strong Initial Drilling Results at Brazil’s Boa Vista Gold Project
Jan 20, 2026
Australian Mines has reported strong initial assay results from the first three diamond drill holes of its 11‑hole 2025 campaign at the Boa Vista Gold Project in Brazil, confirming broad, continuous gold mineralisation with higher‑grad...
Australian Mines Corrects Director Interest Notice to ASX
Jan 13, 2026
Australian Mines Limited has issued a correction to a previously lodged ASX Appendix 3Y relating to director Michael Elias, replacing the earlier notice from 22 December 2025 with an updated version to rectify errors. The corrected filing clarifie...
Australian Mines Advances Flemington Drilling and Commissions Updated Scandium Study
Jan 6, 2026
Australian Mines Limited has completed Phase 1 drilling at its Flemington Scandium–Nickel–Cobalt Project in New South Wales, with assay results expected in the coming weeks and Phase 2 drilling scheduled to restart in early February 20...
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.