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Dundas Minerals Limited
(Sydney:DUN)
Dundas Minerals Limited (DUN) vs. iShares MSCI Australia ETF (EWA)
Dundas Minerals Limited Business Overview & Revenue Model
Dundas Minerals Limited Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 3.01K | 0.00 |
| Gross Profit | -1.17K | -1.16K | -1.09K | 2.03K | -184.00 |
| EBITDA | -915.31K | -4.07M | -600.48K | -838.21K | -374.23K |
| Net Income | -1.13M | -4.08M | -603.47K | -842.15K | -377.17K |
Balance Sheet | |||||
| Total Assets | 5.06M | 5.45M | 7.66M | 6.32M | 1.30M |
| Cash, Cash Equivalents and Short-Term Investments | 728.06K | 1.74M | 1.94M | 3.56M | 897.25K |
| Total Debt | 729.59K | 657.12K | 54.97K | 89.92K | 229.82K |
| Total Liabilities | 797.35K | 900.85K | 186.59K | 300.07K | 256.07K |
| Stockholders Equity | 4.27M | 4.55M | 7.47M | 6.02M | 1.04M |
Cash Flow | |||||
| Free Cash Flow | -635.52K | -1.66M | -3.55M | -2.69M | -203.98K |
| Operating Cash Flow | -634.05K | -494.07K | -580.77K | -479.56K | -42.22K |
| Investing Cash Flow | -1.24M | -1.17M | -3.03M | -2.24M | -218.03K |
| Financing Cash Flow | 866.73K | 1.46M | 2.00M | 5.38M | 1.16M |
Dundas Minerals Limited Technical Analysis
Dundas Minerals Limited Peers Comparison
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$9.77M | -1.55 | -25.70% | ― | -100.00% | 80.33% | |
46 Neutral | AU$5.85M | -0.72 | -171.67% | ― | ― | 30.99% | |
45 Neutral | AU$2.19M | -1.82 | -30.29% | ― | ― | ― | |
43 Neutral | AU$4.33M | -0.82 | -55.11% | ― | ― | -164.12% | |
41 Neutral | AU$29.86M | -0.63 | -66.81% | ― | ― | 8.81% | |
36 Underperform | AU$6.04M | -0.66 | -145.66% | ― | ― | 34.61% |
Dundas Minerals Limited Corporate Events
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 exercisable at $0.12, each with a four-year expiry from the date of issue, with the issue date targeted for April 10, 2026.
The options are to be issued via a placement or other capital-raising structure, indicating the company’s intention to strengthen its capital position and incentivise stakeholders over the medium term. This move may provide additional funding flexibility for future exploration or corporate initiatives while potentially diluting existing shareholders if the options are exercised.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 approving the issue of up to 34,828,985 Tranche 2 placement shares, including allocations to directors and a key executive under ASX listing and Corporations Act requirements.
The proposed resolutions, if approved, will validate prior capital-raising activities and enable further equity issuance to fund the company’s operations and exploration programs. The placements to board members and an executive underscore management’s participation in the capital structure, while the expanded share base may have implications for existing shareholders through dilution but is intended to support Dundas Minerals’ ongoing growth plans.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 documents in line with Australian corporate law, encouraging investors to access the notice of meeting and lodge proxies online, while providing for alternative meeting arrangements to be communicated via ASX announcements and its website.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 interest in 7,430,684 fully paid ordinary shares through Formica Investments Pty Ltd, and is entitled under his appointment to receive a total of 10 million unlisted options, exercisable at set prices over four years, subject to shareholder approval.
The disclosure formalises governance and incentive arrangements for the new director, signalling alignment of his interests with shareholder value through significant equity-based remuneration. The structure and scale of Formica’s option package, pending investor approval, underscore Dundas Minerals’ use of performance-linked incentives to attract and retain board-level talent while maintaining transparency with the market.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 M&P Chadwick Pty Ltd, which controls fully paid ordinary shares and unlisted options in Dundas.
The notice details that M&P Chadwick Pty Ltd holds more than three million Dundas shares and two tranches of unlisted options with different exercise prices and a common expiry date in November 2026. This change in board composition, while not altering the disclosed indirect holdings, may signal a shift in governance or strategic direction that existing shareholders and prospective investors will monitor closely.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 of management and business development experience across multiple sectors and his current chair and director roles at several ASX-listed resource and technology companies.
Formica will receive an annual non-executive fee and, subject to shareholder approval, a substantial package of unlisted options with four-year terms at different exercise prices, aligning his incentives with shareholder value creation. The move signals an effort to strengthen governance and leadership as Dundas advances its Western Australian gold exploration portfolio, potentially enhancing its industry positioning and appeal to investors amid ongoing project development efforts.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 Act, with the company confirming it is up to date with its financial reporting and continuous disclosure obligations and that there is no excluded information relevant to the new securities.
The move underlines Dundas Minerals’ ongoing funding pathway for exploration in established regions such as Kalgoorlie and in underexplored belts near operations like Garden Well and Jundee. By strengthening its equity position while maintaining regulatory compliance, the company reinforces its capacity to pursue near-term exploration and potential project development options, which is significant for investors focused on early-stage gold growth stories in Western Australia.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 base and potentially enhancing liquidity and access to capital for its ongoing exploration and development activities.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 commencement of normal trading on 12 February 2026, with the company stating it knows of no reason the halt should not be granted and no further information required for the market at this time.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 the notice, Volk and his associated superannuation fund disposed of more than seven million shares at prices around $0.04 per share, reducing his voting power below the substantial holding threshold and modestly increasing the company’s free float for other investors.
The change in holding reflects a shift in the ownership structure of Dundas Minerals, with a former major investor significantly scaling back his stake. While the filing is procedural, it may be watched by the market as an indicator of evolving shareholder support and liquidity in the stock, particularly if other large holders adjust their positions in response to the revised register.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 unlisted options, which are not intended to be quoted on the ASX, is designed to align employee interests with shareholder value and may contribute to future share dilution if exercised, while supporting staff retention and incentivising long-term performance.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 strategic changes within the company and PKF Perth’s strong reputation and relevant experience, while formally thanking Moore for its services since Dundas listed on the ASX; shareholders will be asked to ratify the new appointment at the 2026 Annual General Meeting.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 the Gruyere gold mine, adding multiple priority targets including walk-up drill prospects like Bloodwood. Backed by a $1.1 million capital raising and a refreshed leadership team led by new managing director Jonathan Downes, the company is advancing work across its portfolio, including resource and drilling studies at the Kalgoorlie projects, AI-assisted target generation and an EIS-supported drilling program at Gerry Well, positioning Dundas for an active 2026 as it seeks to unlock value from its consolidated gold exploration assets.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
Dundas Minerals Limited has reported a change in director Jonathan Downes’ interests, with an associated entity, Kiandra Nominees Pty Ltd
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 disclosure and financial reporting obligations and confirmed there is no excluded information relevant to the new share issue, signalling a routine capital management step that maintains regulatory transparency for existing and new shareholders.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 exchange, modestly increasing the company’s quoted share base and potentially enhancing liquidity for existing shareholders.
The most recent analyst rating on (AU:DUN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Dundas Minerals Limited stock, see the AU:DUN Stock Forecast page.
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 structure, signals the company’s intention to bolster its funding base, which may support ongoing operations or future growth initiatives and has implications for existing shareholders through potential dilution and for the company’s market positioning depending on the use of proceeds and investor demand.
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 mine in Western Australia. Dundas will provide upfront consideration of $500,000 in cash and shares, with the potential for up to a further $1.2 million in staged cash and share payments tied to the grant of pending tenements, and commit $2 million in exploration spending over two years, while Cazaly retains a 20% interest free-carried to completion of a positive feasibility study, enabling it to monetise and advance Romano through a partner while concentrating capital and management attention on its flagship Goongarrie project.
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 Gruyere gold mine on the Yamarna Shear Zone. The transaction significantly expands Dundas’ frontier gold footprint and aligns with its strategy of targeting large-scale systems, giving the company exposure to multiple priority prospects such as Bloodwood and Brahman, where historical drilling and geochemical data point to promising gold mineralisation, and prompting the build-out of a dedicated technical team as the company advances its growth plans into 2026.
Dundas Minerals Limited has announced a change in the director’s interest, specifically for Jonathan Downes. The company has issued 15,000,000 unlisted options as a performance-linked incentive to motivate and reward Mr. Downes, while also preserving the company’s cash reserves. This move, approved by shareholders at the recent Annual General Meeting, is part of the remuneration package for Mr. Downes, reflecting the company’s strategy to provide cost-effective compensation.
Dundas Minerals Limited has issued 22,400,000 fully paid ordinary shares to professional and sophisticated investors as part of a Tranche 2 Placement. This issuance was conducted without disclosure under the Corporations Act, and the company has confirmed compliance with relevant legal provisions. This move is likely to impact Dundas Minerals’ operations by potentially enhancing its financial position, thereby supporting its exploration activities in Western Australia.
Dundas Minerals Limited has announced the quotation of 22,400,000 ordinary fully paid securities on the Australian Securities Exchange as of December 11, 2025. This move is part of a previously announced transaction and is expected to enhance the company’s capital structure, potentially impacting its market positioning and stakeholder interests.