Duketon Mining Ltd (DKM) AI Stock Analysis

• Market Cap: AU$16.55M
• Dividend Yield: N/A
• Average Volume (3M): 72.95K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.40
• 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: 42 Neutral
• Price Target: AU$0.14 ▼(-0.71% Downside)
• Action: Reiterated Date: 02/07/26
• Date: Action: Reiterated 02/07/26

The score is primarily weighed down by weak financial performance (no revenue, recurring losses, and sustained negative free cash flow) and a bearish technical setup (below key moving averages with negative MACD). Low leverage is a positive, but declining equity and loss-driven negative P/E keep the overall profile low.

Positive Factors

Low leverage

Very low debt provides durable financial flexibility: it reduces interest burden and bankruptcy risk, and gives management scope to fund exploration or operations from equity or modest borrowing. Over 2–6 months this lowers solvency risk and supports strategic options.

Sizable equity buffer

A still-substantial equity base acts as a buffer against losses and supports continued operations or project development without immediate insolvency. This capital cushion preserves optionality for permits, work programs, or staged funding over the medium term.

Improving cash outflows in 2025

Reduced negative cash flow in 2025 signals progress in lowering burn or execution costs. If sustained, this trend improves runway and reduces near-term external funding needs, strengthening liquidity resilience over the next several months.

Negative Factors

No revenue base

A five-year absence of revenue means the business lacks commercial validation and must rely on financing or asset revaluation to continue. Without revenue, sustainable profitability and self-funding of operations are unlikely within the medium term, raising execution risk.

Sustained negative cash flow

Multi-year negative operating and free cash flow indicates persistent cash burn and dependency on external capital. This erodes financial resilience, increases dilution or financing risk, and constrains the company's ability to fund development without new funding rounds.

Recurring operating losses

Repeated negative EBIT/EBITDA shows the business is not generating operating profits from core activities. This undermines margin sustainability and means long-term viability depends on achieving production or transformative project milestones, which are uncertain.

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

Income statement and cash flow quality are weak: zero revenue across 2020–2025, recurring operating losses, and negative operating/free cash flow from 2021–2025 (ongoing cash burn). The main offset is a conservatively levered balance sheet with very low debt, but equity has trended down, 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	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-30.52K	0.00	-67.21K	-72.90K	-65.89K	-31.83K
EBITDA	-3.03M	-2.02M	-2.29M	-3.63M	-11.50M	-2.28M
Net Income	-1.18M	-559.56K	-3.48M	-2.86M	-9.31M	3.17M
Balance Sheet
Total Assets	11.56M	11.98M	12.55M	16.48M	18.72M	30.33M
Cash, Cash Equivalents and Short-Term Investments	11.28M	11.73M	12.33M	16.13M	18.43M	30.17M
Total Debt	27.77K	44.71K	0.00	32.45K	64.78K	0.00
Total Liabilities	349.57K	357.14K	368.41K	871.13K	766.12K	3.73M
Stockholders Equity	11.21M	11.62M	12.18M	15.61M	17.96M	26.60M
Cash Flow
Free Cash Flow	-174.93K	-1.27M	-1.82M	-3.72M	-9.33M	-58.84K
Operating Cash Flow	-91.79K	-1.26M	-1.81M	-3.67M	-9.25M	-50.31K
Investing Cash Flow	-46.16K	-8.46K	-9.06K	-53.42K	-83.08K	-8.52K
Financing Cash Flow	-16.95K	-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: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

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 0.15, below the 50-day MA of 0.15, and below the 200-day MA of 0.15, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.52 is Neutral, neither overbought nor oversold. The STOCH value of 14.29 is Positive, 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	52 Neutral	AU$53.05M	-12.38	-27.97%	―	―	-208.82%
HOR	48 Neutral	AU$35.20M	-42.73	―	―	―	―
EVR	45 Neutral	AU$27.36M	-2.94	-125.25%	―	―	-17.24%
MGU	44 Neutral	AU$19.28M	-5.26	-15.96%	―	―	20.83%
CMD	44 Neutral	AU$15.40M	-4.04	-136.26%	―	―	-79.31%
DKM	42 Neutral	AU$16.55M	-13.92	-4.70%	―	―	83.80%

Duketon Mining Ltd Corporate Events

Duketon Mining Issues Interim Half-Year Financial Report

Duketon Mining Ltd has released its interim financial report for the half year ended 31 December 2025, providing shareholders with condensed financial statements and disclosures. The report is intended to be read alongside the company’s 30 June 2025 annual report and prior market announcements, underscoring ongoing compliance with continuous disclosure requirements and offering stakeholders an updated snapshot of its financial position and performance.

Although the interim report omits some detailed notes typical of a full-year financial report, it includes key statements such as the condensed statement of comprehensive income, financial position, changes in equity and cash flows. This structured release maintains transparency for investors and regulators while signalling that no additional extraordinary disclosures beyond routine interim reporting have been flagged for the period.

The most recent analyst rating on (AU:DKM) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Duketon Mining Ltd stock, see the AU:DKM Stock Forecast page.

Duketon Mining Issues 1 Million Unquoted Options Expiring 2031

Duketon Mining Ltd has notified the market of the issue of 1,000,000 unquoted options, exercisable at $0.194 and expiring on 18 February 2031. The new options, issued on 19 February 2026 as a new class of unquoted equity securities, expand the company’s capital structure and may provide additional incentive alignment and future funding flexibility for the miner and its stakeholders.

The most recent analyst rating on (AU:DKM) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Duketon Mining Ltd stock, see the AU:DKM Stock Forecast page.

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.