Great Southern Mining Limited (GSN) AI Stock Analysis

• Market Cap: AU$43.86M
• Dividend Yield: N/A
• Average Volume (3M): 705.68K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.91
• Revenue Growth: N/A
• EPS Growth: 26.92%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 996,804,260
• 10 Day Avg. Volume: 765,998
• 30 Day Avg. Volume: 705,681
• PEG Ratio: 0.48
• Price to Book (P/B): 1.72
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.95
• 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: 46 Neutral
• Price Target: AU$0.04 ▼(-5.00% Downside)

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and persistent cash burn), only partly offset by a low-debt balance sheet. Technicals are supportive on trend (price above major DMAs) but are extremely overbought, adding near-term risk. Valuation provides limited support given the negative P/E and lack of dividend yield.

Positive Factors

Low Leverage / Stronger Balance Sheet

Very low leverage and stronger equity provide financial flexibility, lowering bankruptcy and interest burden risk. For an exploration company, a sturdier balance sheet extends runway for prospecting and negotiating farm-ins or JV deals without immediate capital raises.

Asset-led Exploration Business Model

GSN’s asset-led exploration model focuses on delineating deposits and progressing projects toward development or third-party monetisation. This reduces the need to become an operator, enabling value realisation via joint ventures, farm-ins or asset sales if discoveries are made.

Improving Cash Outflow Trend

Improvement in losses and operating cash outflow in 2025 versus 2024 signals operational progress; sustained improvement can lengthen runway and reduce near-term capital needs, improving odds of advancing projects to resource definition or transactional milestones.

Negative Factors

No Revenue / Persistent Losses

Absence of revenue across reported periods means the company has not commercialized assets; ongoing exploration without income requires continuous funding. Until it secures a paying asset or partner, profitability and self-sufficiency remain distant outcomes.

Weak Cash Generation / Reliance on Funding

Negative operating and free cash flow every year indicates persistent cash burn. Continued dependence on external funding increases dilution and execution risk, as periodic capital raises can undermine shareholder value and delay project advancement.

Negative Returns on Equity / Dilution Risk

Meaningfully negative returns on equity reflect value erosion from accumulated losses. Even with low debt, persistent negative ROE suggests future equity raises may be required, diluting holders and weakening incentives for long-term capital deployment.

Great Southern Mining Limited Business Overview & Revenue Model

Company Description

Great Southern Mining Limited primarily engages in the exploration and evaluation of gold deposits in Australia. The company also explores for silver, nickel, copper, and other minerals. It holds a 100% interest in the Mon Ami gold project, the Cox's Find project, and the Duketon gold project, Southern Star project, and East Laverton project located in Western Australia. The company also holds a 100% interest in the Edinburgh Park project and Mosman project in North Queensland. Great Southern Mining Limited was incorporated in 2011 and is based in Balcatta, Australia.

How the Company Makes Money

Great Southern Mining Limited generates revenue primarily through the exploration and potential development of mineral resources, particularly gold. The company's primary revenue streams include the sale of mineral rights or interests in its exploration projects to larger mining companies, joint venture arrangements, and the eventual production and sale of minerals if commercially viable deposits are established. GSN may also engage in strategic partnerships or alliances to fund exploration activities, sharing the financial risks and rewards with partners. The company's earnings are significantly influenced by factors such as commodity prices, exploration success, market demand for minerals, and regulatory conditions impacting the mining sector.

Great Southern Mining Limited Financial Statement Overview

Summary

Great Southern Mining Limited faces significant financial challenges, characterized by a lack of revenue, persistent losses, and negative cash flow. While the company maintains a low level of debt relative to equity, the absence of revenue generation and reliance on external financing highlight the need for operational improvements and strategic shifts to achieve sustainable growth.

Income Statement

The company displays no revenue, contributing to consistent negative gross profit and net income, reflecting operational challenges. The EBIT and EBITDA margins are negative, indicating inefficient cost management and a lack of profitability. This performance suggests limited growth potential and substantial financial hurdles.

Balance Sheet

The company's balance sheet shows a reasonable equity ratio, although the total debt has increased slightly. The debt-to-equity ratio is low, indicating limited leverage, which provides some financial stability. However, the continuing increase in liabilities without corresponding asset growth could pose future risks.

Cash Flow

Free cash flow remains negative, although there is a noticeable improvement in operating cash flow relative to net income. The company is heavily reliant on financing to cover operational deficits. This reliance, coupled with negative free cash flow, underscores ongoing cash management challenges.

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	-90.24K	-90.24K	-81.56K	-65.56K	-70.00K	-65.44K
EBITDA	-1.63M	-1.59M	-1.83M	-1.87M	-1.74M	-4.48M
Net Income	-780.53K	-1.71M	-1.99M	-1.94M	-1.83M	-4.57M
Balance Sheet
Total Assets	15.04M	15.04M	13.72M	13.26M	11.01M	9.09M
Cash, Cash Equivalents and Short-Term Investments	1.14M	1.14M	1.11M	1.58M	917.83K	1.38M
Total Debt	87.82K	87.82K	155.04K	60.54K	669.75K	301.63K
Total Liabilities	473.19K	473.19K	469.09K	542.66K	1.48M	1.70M
Stockholders Equity	14.57M	14.57M	13.25M	12.71M	9.53M	7.39M
Cash Flow
Free Cash Flow	-605.82K	-2.80M	-2.77M	-3.69M	-4.84M	-4.48M
Operating Cash Flow	-604.83K	-1.13M	-1.30M	-1.59M	-1.73M	-1.29M
Investing Cash Flow	-1.67M	-1.67M	-1.42M	-1.88M	-3.16M	-3.18M
Financing Cash Flow	2.82M	2.82M	2.25M	4.14M	4.42M	2.79M

Great Southern Mining Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.04
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GSN, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.38 is Neutral, neither overbought nor oversold. The STOCH value of 24.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:GSN.

Great Southern Mining Limited 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%
LDR	52 Neutral	AU$36.91M	-18.18	-16.69%	―	―	-11.01%
BMR	52 Neutral	AU$66.19M	-24.24	-16.78%	―	―	-18.92%
HMX	51 Neutral	AU$33.92M	-11.52	-8.32%	―	-100.00%	-146.48%
M79	51 Neutral	AU$64.27M	-6.89	-17.78%	―	―	―
GSN	46 Neutral	AU$43.86M	-23.16	-12.26%	―	―	26.92%
FRS	46 Neutral	AU$232.44M	-60.32	-21.63%	―	―	86.21%

Great Southern Mining Limited Corporate Events

Great Southern Mining Unveils Promising Gold Intercepts at Amy Clarke

Great Southern Mining Limited has announced further high-grade gold intercepts from its aircore drilling at the Amy Clarke prospect within the Duketon Gold Project. The results, which include significant gold mineralization, indicate an emerging discovery that remains open for further exploration. The company plans to continue with Reverse Circulation drilling in early 2026, supported by a strong cash position to maintain exploration momentum.

Great Southern Mining Limited Announces AGM Results

Great Southern Mining Limited announced the results of its Annual General Meeting, confirming that Resolutions 1 to 3 were passed by shareholder votes, while Resolution 4 was withdrawn. The approval of these resolutions, including the re-election of a director and an additional 10% placement facility, underscores the company’s strategic direction and operational stability, which could positively impact its market position and stakeholder confidence.

Great Southern Mining Confirms Shallow Gold at Amy Clarke Prospect

Great Southern Mining Limited has announced the completion of an 8,000-meter air-core drilling program at the Amy Clarke prospect, part of its Duketon Gold Project in Western Australia. The initial assay results from 3,500 meters of drilling have confirmed shallow gold mineralization over a 4.5 km strike, with notable intercepts including 2 meters at 23.9 g/t gold. The results extend the known mineralization and highlight significant gold potential at Amy Clarke. The company plans to conduct further reverse circulation drilling in early 2026 to focus on zones of higher-grade gold anomalism, with additional assays from the current program expected soon. This development positions GSN to enhance its exploration footprint and potentially increase its gold resources, impacting its operations and stakeholder interests.

Perennial Value Management Ceases Substantial Holding in Great Southern Mining

Great Southern Mining Limited has announced that Perennial Value Management Limited has ceased to be a substantial holder in the company. The change in substantial holding was due to multiple sell transactions conducted by HSBC on the market, resulting in the sale of millions of shares over several dates in August, September, and October 2025. This shift in shareholding could impact the company’s market dynamics and stakeholder interests.

Great Southern Mining Expands Exploration Efforts and Strategic Alliances

Great Southern Mining Limited announced a series of strategic developments in its quarterly activities report. Key highlights include the sale of a mining license to Regis Resource Ltd for up to A$9 million and the initiation of a strategic data sharing alliance to expedite discoveries in the Duketon Greenstone Belt. The company has also commenced diamond drilling at its Edinburgh Park Project and completed an aircore drilling program at the Amy Clarke Prospect. Additionally, GSN received co-funded drilling grants from the Western Australian Government and began a significant reverse circulation drilling program at the Golden Boulder prospect. These activities underscore GSN’s proactive approach to expanding its exploration footprint and enhancing its resource base, potentially impacting its market positioning and stakeholder interests.

Great Southern Mining Commences Drilling at Golden Boulder Prospect

Great Southern Mining Limited has commenced a new drilling program at its Golden Boulder prospect within the Duketon Gold Project. The program aims to define a maiden JORC Mineral Resource, extend known mineralization, and conduct first-pass drilling in previously restricted areas. The company is financially supported by a recent A$4.0 million cash inflow from the sale of a mining license, positioning it well for ongoing exploration efforts.

Great Southern Mining Secures $337.5K in EIS Funding for Exploration Projects

Great Southern Mining Limited has been awarded up to $337,500 in co-funded drilling grants from the Western Australian Government’s Exploration Incentive Scheme. This funding will support two exploration drilling programs: one at the Duketon Gold Project to test gold mineralization depth potential, and another at the East Laverton Project to explore base metal and platinum group element targets. The grants highlight the technical merit of GSN’s projects and are expected to advance exploration efforts significantly, potentially enhancing the company’s resource base and market positioning.

Great Southern Mining Announces Virtual AGM for 2025

Great Southern Mining Limited has announced the details of its 2025 Annual General Meeting (AGM), which will be held online on November 12, 2025. Shareholders can participate via videoconference, allowing them to listen, ask questions, and observe the meeting. The company encourages shareholders to submit proxy forms in advance and provides instructions for those who wish to vote during the meeting. This virtual meeting format reflects the company’s commitment to accessibility and shareholder engagement.