Great Southern Mining Limited (GSN) AI Stock Analysis

• Market Cap: AU$36.88M
• Dividend Yield: N/A
• Average Volume (3M): 705.68K
• Price to Earnings (P/E): 8.3
• Beta (1Y): 0.57
• 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: 48 Neutral
• Price Target: AU$0.04 ▼(-7.50% Downside)
• Action: Reiterated Date: 01/30/26
• Date: Action: Reiterated 01/30/26

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and persistent negative free cash flow), despite a comparatively solid balance sheet with very low leverage. Technicals are neutral with mild positive momentum, but valuation remains unattractive due to unprofitability and a negative P/E.

Positive Factors

Balance Sheet Strength

Very low reported leverage and a larger equity base provide durable financial flexibility for an exploration company. This reduces short-term solvency risk, supports access to capital markets or JV partners, and allows continued project expenditure without immediate distress if market conditions fluctuate.

Exploration-led Business Model

A clear, asset-driven exploration model allows value creation via discovery and later monetisation or farm-out deals. Structural upside comes from successful targets converting to sellable or JV-ready resources, enabling non-operating returns and option-like exposure to commodity cycles over months to years.

Signs of Operational Improvement

Reported improvement in net loss and reduced operating cash outflow suggests early traction on cost control or program optimisation. If sustained, this lowers runway pressure, reduces reliance on dilutive funding, and increases the probability of reaching milestones that enable partner funding or project monetisation.

Negative Factors

No Revenue & Persistent Losses

Zero reported revenue and ongoing operating losses indicate the business has not yet proven the ability to generate sustainable cash inflows. For an exploration firm this means progress-dependent value only; funding rounds will be required to advance projects, increasing execution and dilution risk over time.

Negative Cash Generation

Consistent annual negative operating and free cash flows demonstrate structural cash burn. Absent a near-term shift to self-funding, the company will remain dependent on external capital or partner deals, which can be uncertain and may force timing or scale compromises on exploration programs.

Negative Returns & Dilution Risk

Persistently negative returns on equity signal that capital deployed has not generated positive economic returns. Continued funding needs risk recurring equity issuance or onerous deals, which dilute existing holders and can structurally lower long-term per-share value absent a material discovery or transaction.

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

Financial performance is weak: the income statement shows no revenue and persistent losses, and cash flow remains consistently negative with ongoing cash burn. The balance sheet is a relative strength due to very low leverage and a supportive equity base, but negative returns and reliance on external funding keep the overall financial score low.

Income Statement

The company has reported no revenue across the periods provided (annual), and losses remain persistent. Net loss improved in the latest year (2025) versus 2024, but operating losses are still substantial, indicating the business has not yet reached a self-sustaining earnings profile. Overall profitability remains weak with no visible margin support given the lack of revenue.

Balance Sheet

The balance sheet is a relative bright spot: leverage is very low (debt-to-equity stayed around ~0.5%–1.2% in 2023–2025, after higher levels in earlier years), and equity has grown versus 2020–2022 levels. However, returns on equity remain meaningfully negative, reflecting ongoing losses and continued value dilution risk if funding needs persist.

Cash Flow

Cash generation is weak, with operating cash flow and free cash flow negative in every year shown, implying continued cash burn. There is some improvement in operating cash outflow in 2025 versus 2024, but free cash flow remains deeply negative and volatility is high (including large swings in free cash flow growth). Overall, the company appears reliant on external funding until it can generate sustainable operating inflows.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	2.42M	0.00	0.00	0.00	0.00	0.00
Gross Profit	2.33M	-90.24K	-81.56K	-65.56K	-70.00K	-65.44K
EBITDA	390.66K	-1.59M	-1.83M	-1.87M	-1.74M	-4.48M
Net Income	424.24K	-1.71M	-1.99M	-1.94M	-1.83M	-4.57M
Balance Sheet
Total Assets	17.20M	15.04M	13.72M	13.26M	11.01M	9.09M
Cash, Cash Equivalents and Short-Term Investments	3.01M	1.14M	1.11M	1.58M	917.83K	1.38M
Total Debt	49.07K	87.82K	155.04K	60.54K	669.75K	301.63K
Total Liabilities	978.40K	473.19K	469.09K	542.66K	1.48M	1.70M
Stockholders Equity	16.22M	14.57M	13.25M	12.71M	9.53M	7.39M
Cash Flow
Free Cash Flow	-612.75K	-2.80M	-2.77M	-3.69M	-4.84M	-4.48M
Operating Cash Flow	-607.92K	-1.13M	-1.30M	-1.59M	-1.73M	-1.29M
Investing Cash Flow	1.53M	-1.67M	-1.42M	-1.88M	-3.16M	-3.18M
Financing Cash Flow	60.08K	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: Negative

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 0.04, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.59 is Neutral, neither overbought nor oversold. The STOCH value of 171.11 is Negative, 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	51 Neutral	AU$32.72M	-12.84	-16.69%	―	―	-11.01%
M79	51 Neutral	AU$45.83M	-4.91	-17.78%	―	―	―
HMX	50 Neutral	AU$41.07M	-8.48	-8.32%	―	-100.00%	-146.48%
FRS	49 Neutral	AU$663.17M	-12.68	-21.63%	―	―	86.21%
GSN	48 Neutral	AU$36.88M	8.28	-12.26%	―	―	26.92%
BMR	43 Neutral	AU$48.80M	-11.36	-16.78%	―	―	-18.92%

Great Southern Mining Limited Corporate Events

Great Southern Mining Issues Interim Half-Year Financial Report

Great Southern Mining Limited has released its interim financial report for the half-year ended 31 December 2025, outlining its condensed consolidated profit or loss, financial position, cash flows, and changes in equity. The report provides stakeholders with updated visibility on the company’s financial health and capital structure over the period, supporting ongoing assessment of its operational progress and funding capacity within the mining sector.

The most recent analyst rating on (AU:GSN) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Great Southern Mining Limited stock, see the AU:GSN Stock Forecast page.

Great Southern Mining Issues 7.5 Million Unquoted Performance Rights

Great Southern Mining Limited has notified the market of the issue of 7,500,000 unquoted performance rights under its employee incentive scheme. The new securities, which will not be quoted on the ASX, were issued on 20 February 2026 and are intended to form part of the company’s remuneration and retention framework for staff and executives.

The issuance of these performance rights highlights the company’s continued use of equity-based incentives to align employees’ interests with those of shareholders. While the rights do not immediately affect the quoted share capital, they represent potential future dilution and underscore the importance of incentive structures in supporting Great Southern Mining’s operational and strategic goals.

The most recent analyst rating on (AU:GSN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Great Southern Mining Limited stock, see the AU:GSN Stock Forecast page.

Great Southern Mining Confirms Vesting of 7 Million Performance Rights

Great Southern Mining Limited has announced that 7,000,000 performance rights previously granted to certain directors and senior executives have vested and are now capable of being exercised into fully paid ordinary shares before their two-year expiry. Following this vesting, the company’s capital structure consists of 996,804,290 ordinary shares, 83,529,411 unlisted options, 7,000,000 vested performance rights and 27,500,000 unvested performance rights, clarifying potential future dilution and equity alignment incentives for key management and directors.

The most recent analyst rating on (AU:GSN) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Great Southern Mining Limited stock, see the AU:GSN Stock Forecast page.

Great Southern Mining Reports Strong Duketon Drilling Results and Secures Exploration Grants

Great Southern Mining Limited reported strong drilling results for the December 2025 quarter, highlighted by completion of an 8,057m air-core program at the Amy Clarke prospect and a 5,234m reverse circulation program at the Golden Boulder prospect within its Duketon Gold Project in Western Australia. Significant gold intercepts from both programs underscore the exploration potential of these prospects, while the company also secured up to A$337,500 in Western Australian government co-funded drilling grants for targets at Duketon and the East Laverton Base Metals project, continued diamond drilling at its Edinburgh Park Project in Queensland, and closed the quarter with A$3.01 million in cash, reinforcing its capacity to advance exploration across its portfolio.

The most recent analyst rating on (AU:GSN) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Great Southern Mining Limited stock, see the AU:GSN Stock Forecast page.

Great Southern Mining Advances Early-Stage Drilling at Province-Scale Edinburgh Park JV

Great Southern Mining has reported an exploration update for its Edinburgh Park Project in northern Queensland, where joint venture partner Gold Fields is earning up to a 75% stake through a A$15 million spend. Gold Fields has completed the 2025 field season with six diamond drill holes across three targets, confirming strong quartz-sulphide veining and pervasive hydrothermal alteration at Leichhardt Creek, which supports the potential for large intrusion-related gold systems despite the absence of economic grades to date. Assays from drilling at the Megan Veins and Molongle targets are still pending, while geophysical and geochemical work continues to refine additional prospects. With an induced polarisation anomaly at Mt Dillon slated as the first drilling focus after the wet season in early 2026, the partners emphasise that exploration over the province-scale tenement is still in its early stages, but see the growing pipeline of high-priority targets as strategically important for unlocking a new large-scale gold camp in the region.

The most recent analyst rating on (AU:GSN) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Great Southern Mining Limited stock, see the AU:GSN Stock Forecast page.

Great Southern Mining Flags Resource Growth Potential at Mon Ami Gold Project

Great Southern Mining has completed interpretation of results from a 2,146-metre aircore drilling program at its Mon Ami Gold Project in Western Australia, identifying promising gold intercepts north and northwest of the current 55,500-ounce JORC Mineral Resource. The new assay results, including indications of a possible parallel lode and confirmation that mineralisation remains open in several directions and at depth, support the potential for resource growth and reinforce Mon Ami’s appeal as a near-term development opportunity given its advanced permitting status and location near operating and planned gold processing plants.

The most recent analyst rating on (AU:GSN) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Great Southern Mining Limited stock, see the AU:GSN Stock Forecast page.

Great Southern Mining Extends Shallow High-Grade Gold at Golden Boulder Discovery

Great Southern Mining has reported further shallow, high-grade gold intercepts from initial reverse circulation drilling at its Golden Boulder discovery within the Duketon Gold Project in Western Australia. Assays from the first 27 holes of a 56-hole program over the northern 650 metres of the 3.7-kilometre Golden Boulder trend have confirmed multiple near-surface mineralised zones, reinforcing confidence in the continuity of mineralisation and the potential to define a maiden resource. The project, located between major deposits owned by Regis Resources and Genesis Minerals, benefits from a favourable structural setting and historical high-grade workings, while the current campaign aims to extend known mineralisation southward and test previously underexplored sections of the trend. Remaining assay results are expected by mid-February, and drilling is scheduled to resume with deeper, government-co-funded diamond holes and further RC work to test both strike and depth extensions, potentially enhancing GSN’s resource base and strategic position in the region.

The most recent analyst rating on (AU:GSN) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Great Southern Mining Limited stock, see the AU:GSN Stock Forecast page.

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.