Cassius Mining Ltd (AU:CMD)
ASX:CMD
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Cassius Mining Ltd
(Sydney:CMD)
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Rating:46Neutral
Price Target:
AU$0.04
▲(23.33% Upside)
Action:ReiteratedDate:04/08/26
The score is primarily held down by weak financial performance driven by ongoing losses, sustained cash burn, and declining equity. Technicals provide partial offset with strong recent momentum (price well above key DMAs and positive MACD), but the elevated RSI suggests a stretched setup. Valuation support is limited because earnings are negative and no dividend yield is available.
Positive Factors
Conservative Balance Sheet
A zero‑debt profile materially reduces solvency and interest‑rate vulnerability over the medium term. This conservatism gives the company flexibility to restructure financing, pursue opportunistic debt or equity raises on better terms, and prioritize operational fixes without immediate creditor pressure.
Negative Factors
Persistent Net Losses
Large, recurring net losses directly erode shareholder equity and limit the firm's ability to invest in growth or weather setbacks. Over several quarters this creates structural financing needs, increases dilution risk from equity raises and raises execution risk for any recovery plan.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
A zero‑debt profile materially reduces solvency and interest‑rate vulnerability over the medium term. This conservatism gives the company flexibility to restructure financing, pursue opportunistic debt or equity raises on better terms, and prioritize operational fixes without immediate creditor pressure.
Read all positive factors
Cassius Mining Ltd (CMD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$28.05M
Dividend YieldN/A
Average Volume (3M)508.17K
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue GrowthN/A
EPS Growth56.00%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding738,071,660
10 Day Avg. Volume433,546
30 Day Avg. Volume508,165
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)8.60
Price to Sales (P/S)120.74
P/FCF Ratio-6.64
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
Cassius Mining Ltd Business Overview & Revenue Model
Company Description
Cassius Mining Limited engages in the mining and exploration of mineral properties in Australia and Africa. The company operates through two segments, Industrial Minerals Development and Mining Exploration. It holds 100% interest in the Soalara li...
How the Company Makes Money
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Cassius Mining Ltd Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
38
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.06K | 103.02K | 10.11K | 2.62K | 11.00 | 104.02K |
| Gross Profit | 0.00 | 103.02K | 10.11K | 2.62K | 11.00 | 104.02K |
| EBITDA | -873.01K | 0.00 | -1.51M | -783.66K | -361.88K | -230.47K |
| Net Income | -1.55M | -2.96M | -1.51M | -784.00K | -362.00K | -230.00K |
Balance Sheet | ||||||
| Total Assets | 2.77M | 1.86M | 3.01M | 3.48M | 1.52M | 1.16M |
| Cash, Cash Equivalents and Short-Term Investments | 1.29M | 243.82K | 608.86K | 1.45M | 94.81K | 234.69K |
| Total Debt | 207.05K | 0.00 | 0.00 | 0.00 | 408.00K | 0.00 |
| Total Liabilities | 685.20K | 412.43K | 104.98K | 418.58K | 596.62K | 134.24K |
| Stockholders Equity | 2.08M | 1.45M | 2.90M | 3.06M | 927.46K | 1.03M |
Cash Flow | ||||||
| Free Cash Flow | -1.91M | -1.87M | -2.17M | -1.15M | -809.07K | -139.16K |
| Operating Cash Flow | -1.91M | -1.81M | -1.02M | -88.77K | -303.98K | -139.16K |
| Investing Cash Flow | -61.16K | -66.48K | -1.16M | -1.06M | -505.09K | 0.00 |
| Financing Cash Flow | 2.92M | 1.51M | 1.33M | 2.50M | 669.20K | 275.00K |
Cassius Mining Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$19.62M | 5.36 | 9.37% | 8.14% | ― | -27.64% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$18.43M | -1.53 | -129.04% | ― | 445.43% | 47.23% | |
48 Neutral | AU$47.16M | -8.50 | -4.08% | ― | ― | -33.33% | |
46 Neutral | AU$28.05M | -6.59 | -87.78% | ― | ― | 56.00% | |
44 Neutral | AU$14.41M | -13.32 | -5.59% | ― | ― | 85.16% | |
41 Neutral | AU$14.61M | -6.14 | -13.47% | ― | ― | 33.33% |
* Basic Materials Sector Average
AU:CMD
Cassius Mining Ltd
0.04
0.02
137.50%
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Cassius Mining Ltd Corporate Events
Cassius Mining Advances Soalara Limestone and Escalates Ghana Arbitration Claim
Apr 29, 2026
Cassius Mining reported ongoing progress at its Soalara Limestone Project in Madagascar, where it is in talks with potential joint venture partners and has launched a desktop study on mining, processing and infrastructure options. The project boas...
Cassius Mining calls May EGM to ratify recent capital raisings
Apr 28, 2026
Cassius Mining Ltd has called an Extraordinary General Meeting of shareholders for 29 May 2026 in Sydney to seek approval for key capital-raising actions undertaken in late 2025. The meeting will ask investors to ratify the prior issue of 39,284,4...
Cassius Mining Issues 260,000 Shares Under Disclosure Exemption
Apr 22, 2026
Cassius Mining Ltd has issued 260,000 new fully paid ordinary shares without a disclosure document under the small-scale exemption provisions of the Corporations Act. The company confirmed it is fully compliant with its financial reporting and con...
Cassius Mining Seeks ASX Quotation for 260,000 New Shares
Apr 22, 2026
Cassius Mining Ltd has applied for the quotation of 260,000 new fully paid ordinary shares on the ASX, scheduled for issue on April 22, 2026. The additional securities arise from the exercise or conversion of existing options or other convertible ...
Cassius Mining Issues New Shares Under Disclosure Exemption
Apr 20, 2026
Cassius Mining Limited has issued 4,308,333 ordinary fully paid shares without a disclosure document under the Corporations Act, relying on the relevant exemption provisions. The company confirmed it is up to date with its financial reporting and ...
Cassius Mining Seeks ASX Quotation for 4.3 Million New Shares
Apr 20, 2026
Cassius Mining Ltd has applied for quotation on the ASX of 4,308,333 new ordinary fully paid CMD shares following the exercise or conversion of existing options or other convertible securities. The additional quoted securities slightly expand the ...
Cassius Mining Plans Issue of Secured Convertible Notes to Raise Capital
Apr 8, 2026
Cassius Mining Ltd has notified the ASX of a proposed capital raising via the issue of up to 1,950,000 unlisted secured convertible notes, with a maturity date of 7 April 2028. The notes are to be issued as part of a placement or other type of iss...
Cassius Mining Secures $5m Convertible Note Funding for Projects and Ghana Claim
Apr 7, 2026
Cassius Mining Ltd has secured $5 million in funding through the issue of secured convertible notes to sophisticated investors arranged by GBA Capital, giving the company a clearer funding pathway for exploration and development. The proceeds will...
Cassius Mining Advances JV Talks on High-Purity Soalara Limestone Project
Jan 30, 2026
Cassius Mining’s quarterly activities update highlights continued engagement with an expanded pool of experienced potential joint venture partners to advance its 100%-owned Soalara Limestone Project in Madagascar toward revenue generation. T...
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.