Dundas Minerals Limited (AU:DUN)
ASX:DUN
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Dundas Minerals Limited
(Sydney:DUN)
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Rating:49Neutral
Price Target:
AU$0.05
▲(17.50% Upside)
Action:ReiteratedDate:02/18/26
The score is held back primarily by weak financial performance (pre-revenue profile, ongoing losses, and persistent cash burn). Technicals are a near-term positive with a strong uptrend, but overbought signals reduce confidence. Valuation is also a constraint due to negative earnings and no dividend support.
Positive Factors
Modest leverage
Low debt-to-equity (~0.14–0.17) provides financial flexibility and reduces refinancing risk, allowing the company to fund exploration or weather funding gaps without heavy interest burdens. Over the next 2–6 months this supports stability while management pursues value-creating work programs.
Negative Factors
Pre-revenue profile
A predominantly pre-revenue profile means the business lacks recurring operational cash inflows and remains dependent on financing or asset monetization. Without a demonstrated path to commercial production or licensing, funding uncertainty and execution risk will persist over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest leverage
Low debt-to-equity (~0.14–0.17) provides financial flexibility and reduces refinancing risk, allowing the company to fund exploration or weather funding gaps without heavy interest burdens. Over the next 2–6 months this supports stability while management pursues value-creating work programs.
Read all positive factors
Dundas Minerals Limited (DUN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.19M
Dividend YieldN/A
Average Volume (3M)275.68K
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue Growth-100.00%
EPS Growth80.33%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.03
Shares Outstanding195,481,260
10 Day Avg. Volume608,707
30 Day Avg. Volume275,678
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.41
Price to Sales (P/S)0.00
P/FCF Ratio-2.76
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
Dundas Minerals Limited Business Overview & Revenue Model
Company Description
Dundas Minerals Limited engages in the mineral exploration activities in Western Australia. The company explores for nickel, gold, rare earth, and copper deposits. It holds 100% interests in the thirteen granted exploration licenses and one explor...
How the Company Makes Money
null...
Dundas Minerals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 3.01K | 0.00 |
| Gross Profit | -31.74K | -1.17K | -1.16K | -1.09K | 2.03K | -184.00 |
| EBITDA | -3.52M | -915.31K | -4.07M | -600.48K | -838.21K | -374.23K |
| Net Income | -3.68M | -1.13M | -4.08M | -603.47K | -842.15K | -377.17K |
Balance Sheet | ||||||
| Total Assets | 4.19M | 5.06M | 5.45M | 7.66M | 6.32M | 1.30M |
| Cash, Cash Equivalents and Short-Term Investments | 1.00M | 728.06K | 1.74M | 1.94M | 3.56M | 897.25K |
| Total Debt | 730.38K | 729.59K | 657.12K | 54.97K | 89.92K | 229.82K |
| Total Liabilities | 1.40M | 797.35K | 900.85K | 186.59K | 300.07K | 256.07K |
| Stockholders Equity | 2.79M | 4.27M | 4.55M | 7.47M | 6.02M | 1.04M |
Cash Flow | ||||||
| Free Cash Flow | -543.01K | -635.52K | -1.66M | -3.55M | -2.69M | -203.98K |
| Operating Cash Flow | -541.53K | -634.05K | -494.07K | -580.77K | -479.56K | -42.22K |
| Investing Cash Flow | -1.07M | -1.24M | -1.17M | -3.03M | -2.24M | -218.03K |
| Financing Cash Flow | 1.03M | 866.73K | 1.46M | 2.00M | 5.38M | 1.16M |
Dundas Minerals Limited Technical Analysis
Positive
0.04
Price Trends
0.05
Positive
0.04
Positive
0.03
Positive
Market Momentum
>-0.01
Positive
47.70
Neutral
52.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DUN, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and above the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.70 is Neutral, neither overbought nor oversold. The STOCH value of 52.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DUN.
Dundas Minerals Limited 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% | |
49 Neutral | AU$9.19M | -0.43 | -104.33% | ― | -100.00% | 80.33% | |
45 Neutral | AU$2.19M | -1.82 | -30.29% | ― | ― | ― | |
| ― | AU$5.51M | -0.58 | -145.66% | ― | ― | 34.61% | |
44 Neutral | AU$5.64M | -0.72 | -171.67% | ― | ― | 30.99% | |
43 Neutral | AU$25.97M | -1.27 | -71.24% | ― | ― | 8.81% | |
43 Neutral | AU$4.11M | -3.17 | -18.79% | ― | ― | -164.12% |
* Basic Materials Sector Average
AU:DUN
Dundas Minerals Limited
0.05
0.02
88.00%
AU:GCR
Golden Cross Resources Ltd
0.01
0.00
0.00%
AU:ATT
Copper Search Ltd.
0.02
-0.01
-46.43%
AU:BPM
BPM Minerals Ltd.
0.20
0.16
400.00%
AU:M3M
M3 Mining Ltd.
0.03
-0.01
-32.50%
AU:OCT
Octava Minerals Ltd.
0.04
0.00
0.00%
Dundas Minerals Limited Corporate Events
Dundas Minerals Reaffirms WA Gold Resources and Exploration Strategy
Mar 11, 2026
Dundas Minerals has released a corporate presentation outlining its strategy to leverage existing gold resources and a high-quality exploration portfolio in Western Australia. The document reiterates previously reported mineral resource estimates ...
Dundas Minerals Plans Issue of 10 Million Unlisted Options
Mar 10, 2026
Dundas Minerals Limited has lodged an Appendix 3B with the ASX outlining a proposed securities issue comprising a total of 10 million unlisted options. The proposed issuance includes 5 million options exercisable at $0.08 and 5 million options exe...
Dundas Minerals Seeks Shareholder Approval for Major Share Placement
Mar 10, 2026
Dundas Minerals Limited has called a general meeting for 10 April 2026 in Perth to seek shareholder approval for a series of share placement-related resolutions. The agenda includes ratifying previously issued Tranche 1 placement shares and approv...
Dundas Minerals Moves to Digital Notices for April Shareholder Meeting
Mar 10, 2026
Dundas Minerals Limited has called a general meeting of shareholders to be held in Perth on 10 April 2026, with proxy voting instructions required at least 48 hours in advance. The company is shifting to electronic distribution of meeting document...
Dundas Minerals Discloses New Director Steven Formica’s Equity Interests and Option Package
Mar 5, 2026
Dundas Minerals Limited has appointed Steven Formica as a director effective 5 March 2026, disclosing his initial interests in the company’s securities in line with ASX listing rules. Formica holds no shares directly but has an indirect inte...
Dundas Minerals Announces Departure of Director Mark Chadwick
Mar 5, 2026
Dundas Minerals has announced that director Mark Chadwick ceased to be a director of the company on 5 March 2026. The company reported that Chadwick holds no securities in his own name but maintains indirect interests through MP Chadwick Pty Ltd, ...
Dundas Minerals appoints veteran mining executive Steven Formica as new chairman
Mar 5, 2026
Dundas Minerals has announced a board reshuffle, appointing experienced mining executive Steven Formica as Non-Executive Chairman, replacing Mark Chadwick, who has resigned from the role. The company highlighted Formica’s more than 35 years ...
Dundas Minerals Expands Share Base to Support WA Gold Exploration Push
Feb 23, 2026
Dundas Minerals Limited has issued 29,907,489 fully paid ordinary shares, expanding its capital base as it advances a suite of gold exploration projects across Western Australia. The shares were issued without a prospectus under the Corporations A...
Dundas Minerals Seeks ASX Quotation for Nearly 30 Million New Shares
Feb 23, 2026
Dundas Minerals Limited has applied to the ASX for quotation of 29,907,489 new ordinary fully paid shares, with an issue date of February 23, 2026. The move formalizes the listing of these securities, expanding the company’s quoted share bas...
Dundas Minerals Requests ASX Trading Halt Ahead of Capital Raising Announcement
Feb 9, 2026
Dundas Minerals Limited has requested an immediate trading halt in its securities on the ASX as it prepares to announce a capital raising. The halt will remain in place until either the planned announcement is released to the market or the commenc...
Dundas Minerals Investor Shane Volk Exits Substantial Holder Position
Feb 9, 2026
Dundas Minerals Limited has disclosed that shareholder Shane Raymond Volk has ceased to be a substantial holder in the company following a series of on-market share sales completed between late December 2025 and early February 2026. According to t...
Dundas Minerals Issues 4 Million Unlisted Options Under Employee Incentive Scheme
Feb 5, 2026
Dundas Minerals Limited has issued 4 million unquoted options under an employee incentive scheme, comprising 2 million options exercisable at $0.05 and 2 million options exercisable at $0.10, all expiring on 5 January 2029. The award of these unli...
Dundas Minerals Appoints PKF Perth as New External Auditor
Jan 30, 2026
Dundas Minerals Limited has appointed PKF Perth as its new external auditor, effective 30 January 2026, following the resignation of Moore Australia Audit (WA) and regulatory consent to that change. The board said the switch reflects recent strate...
Dundas Minerals Expands WA Gold Footprint with Romano Project and Fresh Capital
Jan 30, 2026
Dundas Minerals has significantly expanded its exploration footprint in Western Australia with the acquisition of an 80% interest in the Romano Gold Project, an 800km² land package on the eastern margin of the Yamarna Shear Zone adjacent to t...
Dundas Minerals Director Jonathan Downes Increases Indirect Shareholding
Jan 9, 2026
Dundas Minerals Limited has reported a change in director Jonathan Downes’ interests, with an associated entity, Kiandra Nominees Pty Ltd , acquiring 150,000 fully paid ordinary shares in an on‑market purchase for $6,300. Following thi...
Dundas Minerals Issues Over 9.1 Million New Shares in Routine Capital Move
Jan 6, 2026
Dundas Minerals Limited has issued 9,188,764 fully paid ordinary shares on 6 January 2026, using provisions that allow share issuance without a prospectus under the Corporations Act. The company stated it is compliant with its continuous disclosur...
Dundas Minerals Seeks ASX Quotation for 9.2 Million New Shares
Jan 6, 2026
Dundas Minerals Limited has applied to the ASX for quotation of 9,188,764 new fully paid ordinary shares under its code DUN, with an issue date of 6 January 2026. The move formalises the listing of these previously announced securities on the exch...
Dundas Minerals Plans Placement of Over 13 Million New Shares
Dec 30, 2025
Dundas Minerals Limited has lodged an Appendix 3B with the ASX outlining a proposed placement of up to 13,126,806 new fully paid ordinary shares, with the issue scheduled for 31 December 2025. The capital raising, via a placement or similar struct...
Cazaly Farms Out Romano Gold Project to Dundas in $2m Earn-In Deal
Dec 30, 2025
Cazaly Resources has entered into an agreement with Dundas Minerals under which Dundas can earn an 80% interest in Cazaly’s Romano greenfields gold project, a non-core asset located along the Yamarna Shear Zone adjacent to the Gruyere gold m...
Dundas Minerals Expands Frontier Gold Footprint with Romano Project Acquisition
Dec 30, 2025
Dundas Minerals Limited has acquired the right to earn an 80% interest in the Romano Project, a district-scale, approximately 800km² gold exploration package in the underexplored north eastern Goldfields of Western Australia, adjacent to the ...
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.
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