Duketon Mining Ltd (DKM) AI Stock Analysis

• Market Cap: AU$18.38M
• Dividend Yield: N/A
• Average Volume (3M): 72.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: N/A
• EPS Growth: 83.80%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 122,559,940
• 10 Day Avg. Volume: 67,403
• 30 Day Avg. Volume: 72,955
• PEG Ratio: 0.34
• Price to Book (P/B): 1.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -12.53
• 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: 43 Neutral
• Price Target: AU$0.15 ▲(3.57% Upside)

The score is primarily constrained by weak financial performance (no revenue, recurring losses, and sustained negative free cash flow) alongside declining equity. Technical indicators also point to a weak trend (price below key moving averages and negative MACD). Valuation is difficult to support due to the negative P/E and no provided dividend yield.

Positive Factors

Low leverage

A very low debt position materially reduces financial risk and interest burden, preserving strategic flexibility to fund exploration or development. Over the medium term this lowers insolvency risk and gives management optionality to pursue capital raises or partnerships under less strain.

Sizable equity buffer

Maintaining a sizable equity base provides a capital buffer that supports ongoing operations and project work absent revenue. That buffer helps absorb near-term losses and gives time to execute development milestones or secure financing, supporting business continuity over months.

Reduction in cash outflows

A measurable reduction in operating and free cash outflows indicates management has started to curb burn, which lengthens runway and reduces near-term funding urgency. If sustained, this structural improvement can meaningfully improve survival prospects absent immediate revenue.

Negative Factors

No revenue

Zero reported revenue over multiple years indicates a non‑producing resource profile with no operating cash generation. This structural absence of revenue forces dependence on external financing and makes long‑term viability contingent on development success or sustained capital access.

Sustained cash burn

Persistent negative operating and free cash flow erodes cash reserves and equity, creating ongoing funding needs. Over months this raises dilution and refinancing risk, constrains investment in project advancement, and makes execution on long‑term plans contingent on new capital.

Erosion of equity base

A meaningful decline in equity signals capital erosion from losses and cash burn, reducing the company's solvency buffer. Structurally this increases the likelihood of dilutive equity raises or onerous financing terms, weakening the balance sheet and investor resilience over the medium term.

Duketon Mining Ltd Business Overview & Revenue Model

Company Description

Duketon Mining Limited engages in the exploration and evaluation of mineral resources in Australia. The company explores for nickel, copper, platinum, and palladium. Its flagship property is the 100% owned Duketon project located in the Duketon Greenstone Belt, Eastern Yilgarn. The company was incorporated in 2012 and is based in West Perth, Australia.

How the Company Makes Money

Duketon Mining Ltd generates revenue through the exploration and potential development of mineral resources, particularly nickel and gold. The company invests in exploration activities to discover and delineate mineral deposits, which can then be sold to mining companies or developed into producing mines. Revenue streams primarily include the sale of rights or interests in mineral projects to larger mining entities, joint venture partnerships, and, if successful in their exploration efforts, the direct sale of extracted minerals. The company's earnings depend significantly on successful exploration outcomes, commodity market prices, and strategic partnerships with other mining firms that can advance projects to production.

Duketon Mining Ltd Financial Statement Overview

Summary

Overall fundamentals are weak: the company reports zero revenue across 2020–2025 with recurring operating losses, and operating/free cash flow has been negative from 2021–2025 (ongoing cash burn). The main offset is a conservatively levered balance sheet with very low debt, but equity has declined meaningfully, increasing funding/dilution risk if losses persist.

Income Statement

Across the annual periods provided (2020–2025), the company reports zero revenue, with recurring operating losses (negative EBIT/EBITDA) in most years—consistent with an early-stage or non-producing resource profile. Net income has been highly volatile: very large profits in 2020 and 2021 were followed by sizable losses from 2022 through 2025, with 2025 losses smaller than 2024 (a partial improvement). Overall profitability quality and consistency are weak due to the lack of revenue base and repeated operating deficits.

Balance Sheet

The balance sheet is conservatively levered, with very low debt relative to equity in each year shown (debt-to-equity near zero). Equity remains sizable, although it has trended down meaningfully from 2021 to 2025, reflecting ongoing losses and/or cash burn. Returns on equity swung from very strong in 2020–2021 to negative in 2022–2025, highlighting that while leverage risk is low, the main risk is erosion of the capital base if losses persist.

Cash Flow

Cash generation is inconsistent and currently weak. Operating cash flow and free cash flow were strongly positive in 2020, but have been negative from 2021 through 2025, indicating sustained cash burn. While 2025 cash outflows improved versus 2024 (less negative operating and free cash flow), the business still appears dependent on external funding until it can stabilize cash usage or generate revenue.

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	0.00
Gross Profit	-15.21K	0.00	-67.21K	-72.90K	-65.89K	-31.83K
EBITDA	-1.09M	-2.02M	-2.29M	-3.63M	-11.50M	-2.28M
Net Income	-559.75K	-559.56K	-3.48M	-2.86M	-9.31M	3.17M
Balance Sheet
Total Assets	11.98M	11.98M	12.55M	16.48M	18.72M	30.33M
Cash, Cash Equivalents and Short-Term Investments	11.73M	11.73M	12.33M	16.13M	18.43M	30.17M
Total Debt	44.71K	44.71K	0.00	32.45K	64.78K	0.00
Total Liabilities	357.14K	357.14K	368.41K	871.13K	766.12K	3.73M
Stockholders Equity	11.62M	11.62M	12.18M	15.61M	17.96M	26.60M
Cash Flow
Free Cash Flow	-1.27K	-1.27M	-1.82M	-3.72M	-9.33M	-58.84K
Operating Cash Flow	-1.26K	-1.26M	-1.81M	-3.67M	-9.25M	-50.31K
Investing Cash Flow	-8.00	-8.46K	-9.06K	-53.42K	-83.08K	-8.52K
Financing Cash Flow	-24.00	-23.22K	-32.95K	-32.32K	30.86K	560.00K

Duketon Mining Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DKM, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.16, and below the 200-day MA of 0.15, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 40.82 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DKM.

Duketon Mining Ltd 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%
CAV	53 Neutral	AU$55.04M	-12.86	-27.97%	―	―	-208.82%
HOR	48 Neutral	AU$35.90M	-43.64	―	―	―	―
EVR	45 Neutral	AU$27.36M	-2.94	-125.25%	―	―	-17.24%
MGU	44 Neutral	AU$19.16M	-5.26	-15.96%	―	―	20.83%
CMD	44 Neutral	AU$19.80M	-5.19	-136.26%	―	―	-79.31%
DKM	43 Neutral	AU$18.38M	-32.61	-4.70%	―	―	83.80%

Duketon Mining Ltd Corporate Events

Duketon Mining flags strong gold anomalies and drill hits across WA projects

Duketon Mining has reported strong geochemical and drilling results across its key Western Australian gold projects in the December 2025 quarter, reinforcing the exploration potential of its portfolio. At the Barlee Project, an inaugural ultrafine soil sampling program of 1,500 samples defined several large-scale gold-in-soil anomalies at prospects such as Astro, Tiger, Gromit and Lost Bolt, significantly boosting confidence in the area’s prospectivity. At Boodanoo, infill soil sampling refined a previously known anomaly into two sub-parallel, north-northeast trending gold anomalies over 650 metres in strike, in an area with no prior drilling, highlighting a new, untested target. At Killarney, assays from a second RC drilling campaign delivered multiple significant gold intercepts within a targeted structural corridor, confirming mineralisation associated with weathered saprolite and quartz veining that continues into fresh rock. The company ended the quarter with $11.3 million in cash and listed investments, providing a strong financial base to progress further exploration activities.

The most recent analyst rating on (AU:DKM) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Duketon Mining Ltd stock, see the AU:DKM Stock Forecast page.

Duketon Mining Announces Director’s Interest Change

Duketon Mining Limited has announced a change in the director’s interest notice for Seamus Cornelius. The company has issued 1,000,000 unlisted options exercisable at $0.20, expiring on 27 November 2030, while 500,000 unlisted options expired on 26 November 2025. This change was approved by shareholders at the company’s Annual General Meeting on 27 November 2025. The update reflects the company’s ongoing adjustments in its securities management, which could influence its market positioning and stakeholder interests.

Duketon Mining Ltd Issues New Equity Options to Bolster Growth

Duketon Mining Ltd announced the issuance of 4,000,000 unquoted equity securities in the form of options, exercisable at $0.20 with an expiry date of November 27, 2030. This move is part of the company’s strategy to strengthen its financial position and support its operational growth, potentially impacting its market positioning and offering new opportunities for stakeholders.

Duketon Mining Ltd Announces Cessation of Securities

Duketon Mining Ltd announced the cessation of 2,250,000 securities due to the expiry of options without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and future growth prospects.

Duketon Mining Passes All Resolutions at Annual General Meeting

Duketon Mining Limited announced that all resolutions proposed at its Annual General Meeting on November 27, 2025, were passed. The resolutions, which included the adoption of the remuneration report, re-election of directors, and approval of options grants, were decided by a poll. This successful meeting outcome reflects strong shareholder support and may positively impact the company’s governance and operational strategies.

Duketon Mining Advances Gold Exploration in Western Australia

Duketon Mining Ltd has announced recent developments in its exploration projects, including high-grade gold intersections at Killarney and confirmed gold anomalies at Boodanoo. These updates highlight the company’s ongoing efforts to expand its resource base and strengthen its position in the gold mining sector, potentially impacting its operational strategy and offering new opportunities for stakeholders.

Duketon Mining Confirms Gold Anomalies at Boodanoo Project

Duketon Mining Limited has confirmed and further defined gold anomalies at its Boodanoo Project through a recent soil sampling program. The results have identified two parallel gold anomalies, each 650 meters long, which will guide the next phase of exploration, including RC drilling planned for early 2026. These findings enhance Duketon’s confidence in the project’s potential, although additional sub-surface techniques will be required to address areas with reduced sampling effectiveness due to alluvial cover.

Duketon Mining Unveils Promising Gold Intercepts at Killarney Project

Duketon Mining Limited has announced the results of its second RC drill program at the Killarney Gold Project, revealing significant gold mineralisation across multiple drill holes. The assays confirm the presence of gold within the targeted structural corridor, with mineralisation associated with weathered saprolite and quartz veining. The company is optimistic about the project’s potential, as every targeted drill hole intersected gold, supporting the interpretation of a robust mineralised corridor. The ongoing analysis and geological insights will guide future exploration efforts, aiming to refine the exploration model and identify higher-grade zones.