Legend Mining Limited (LEG) AI Stock Analysis

• Market Cap: AU$20.40M
• Dividend Yield: N/A
• Average Volume (3M): 240.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.33
• Revenue Growth: N/A
• EPS Growth: -5.88%
• Country: AU
• Employees: 8
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 2,914,477,300
• 10 Day Avg. Volume: 360,684
• 30 Day Avg. Volume: 240,408
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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

• Rating: 41 Neutral
• Price Target: ―

Legend Mining Limited's stock is under significant pressure due to poor financial performance characterized by ongoing losses and negative cash flows. The absence of technical and valuation attractiveness further contributes to a low overall score. The company's challenges in profitability and liquidity are the most significant factors impacting the stock's prospects.

Legend Mining Limited Business Overview & Revenue Model

Company Description

Legend Mining Limited engages in the exploration and evaluation of mineral properties in Australia. The company primarily explores for nickel, copper, cobalt, zinc, silver, and gold deposits. It holds interests in the Rockford project consisting of 15 granted exploration licenses that cover a total area of 3,054 square kilometers located in the Fraser Range district of Western Australia. Legend Mining Limited was incorporated in 1993 and is headquartered in West Perth, Australia.

How the Company Makes Money

Legend Mining Limited makes money through the exploration and development of mineral resources, with the ultimate goal of identifying commercially viable mineral deposits. Revenue is generated primarily through the sale of exploration rights, joint venture agreements, and eventual mining production. The company often collaborates with other mining firms through partnerships and joint ventures to share the risks and rewards of exploration activities. Additionally, value creation is achieved by increasing the resource base and proving up the economic viability of its projects, which can enhance the company's market valuation and attract investment.

Legend Mining Limited Financial Statement Overview

Summary

Legend Mining Limited's financial performance is concerning, with ongoing losses and negative cash flows. Despite a strong equity base, the company struggles with profitability and liquidity, which significantly impacts its financial health.

Income Statement

Legend Mining Limited's recent financials show a concerning trend in profitability metrics. The company has consistently reported negative EBIT and net income over the years, leading to negative profit margins. The revenue growth was volatile, with a significant drop in 2024 compared to previous years, indicating potential challenges in sustaining revenue streams. The negative EBIT and EBITDA margins further highlight ongoing operating inefficiencies.

Balance Sheet

The balance sheet reveals a relatively stable financial position with a high equity ratio, reflecting strong equity financing. However, the company's debt-to-equity ratio is low, indicating minimal reliance on debt. Despite this, the persistent negative net income over the years raises concerns about the company's ability to generate sufficient returns on equity.

Cash Flow

The cash flow analysis shows a consistent pattern of negative free cash flow, indicating challenges in generating cash from operations after capital expenditures. The operating cash flow to net income ratio is negatively impacted by ongoing losses, and the free cash flow to net income ratio remains unfavorable. These metrics suggest potential liquidity issues and the need for external financing to support operations.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.57K	50.80K	13.07K	26.70K	21.38K
Gross Profit	-74.52K	50.80K	-66.21K	-51.59K	-39.17K
EBITDA	-1.43M	-5.33M	-898.00K	-53.77K	-780.00K
Net Income	-5.25M	-5.02M	-1.49M	-66.18K	-1.06M
Balance Sheet
Total Assets	49.55M	55.22M	64.29M	63.54M	56.14M
Cash, Cash Equivalents and Short-Term Investments	11.20M	11.53M	12.71M	18.26M	25.24M
Total Debt	73.88K	110.10K	63.74K	106.63K	55.73K
Total Liabilities	748.49K	1.28M	12.13M	10.12M	6.28M
Stockholders Equity	48.80M	53.94M	52.16M	53.42M	49.86M
Cash Flow
Free Cash Flow	-696.75K	-6.88M	-8.39M	-13.33M	-10.74M
Operating Cash Flow	-696.75K	-775.71K	-471.78K	222.57K	110.21K
Investing Cash Flow	370.86K	-6.10M	-4.98M	-10.17M	-10.77M
Financing Cash Flow	-99.15K	5.69M	-94.40K	3.02M	25.72M

Legend Mining Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	44 Neutral	C$865.14M	-6.69	-14.90%	2.77%	16.73%	-26.87%
LEG	41 Neutral	AU$20.40M	―	-10.22%	―	―	-5.88%
G4U	―	€28.73M	―	-10.14%	―	―	―
REE	52 Neutral	AU$20.00M	―	-111.05%	―	-100.00%	33.33%
COD	39 Underperform	AU$20.71M	―	-18.44%	―	―	45.75%
AKO	―	AU$13.60M	―	-17.86%	―	―	―
SUH	40 Underperform	AU$22.09M	―	-222.68%	―	―	34.85%

Legend Mining Limited Corporate Events

Legend Mining Unveils Promising Findings at Pinnacle Well Project

Legend Mining Limited has released an updated version of its Pinnacle Well Project Data Review, revealing significant geochemical and geophysical findings. The review identified four gold and three base metal soil anomalies, as well as large regional structures within the project area, indicating potential for gold and VMS mineralization. The company plans further soil sampling and reconnaissance to refine drill targets, highlighting the project’s prospectivity and strategic importance for Legend Mining’s exploration efforts.

Legend Mining Uncovers Promising Anomalies at Pinnacle Well Project

Legend Mining Limited has identified significant gold and base metal soil anomalies at its Pinnacle Well Project in Western Australia. The project, located near Leonora, shows potential for hosting both intrusion-related and structurally controlled vein-hosted gold mineralization, as well as VMS copper-lead-zinc-silver mineralization. The company plans further exploration to refine drill targets, highlighting the project’s prospectivity due to its location on major regional structures.

Legend Mining Ends Joint Venture, Refocuses on Key Projects

Legend Mining Limited announced the surrender of its joint venture tenements E28/2190 and E28/2191, effectively ending its joint venture with IGO Limited and Creasy. The company continues to manage its interests in the Ponton JVA 2019 and Rockford JVA 2015, maintaining a significant exploration footprint of 641 square kilometers. This strategic move may impact Legend’s operational focus and resource allocation, potentially influencing its market positioning and stakeholder interests.

Legend Mining Limited Announces Cessation of 500,000 Securities

Legend Mining Limited announced the cessation of 500,000 securities due to the lapse of conditional rights, as the conditions for these securities were not met or became incapable of being satisfied. This cessation, effective from July 18, 2025, reflects the company’s ongoing adjustments to its issued capital, potentially impacting its market operations and stakeholder interests.

Legend Mining Limited Reports Quarterly Cash Flow and Investment Activities

Legend Mining Limited’s quarterly cash flow report reveals a net cash outflow in operating activities of $189,000 for the current quarter, despite a positive cash flow of $1,115,000 year-to-date. The company also reported a net cash outflow of $173,000 in investing activities for the quarter, reflecting ongoing investments in exploration and evaluation. These financial activities indicate a continued focus on exploration efforts, which could impact the company’s liquidity and operational strategy moving forward.

Legend Mining Expands Portfolio with Pinnacle Well Acquisition

Legend Mining Limited has completed the acquisition of the Pinnacle Well Project in the Leonora district, marking its entry into the gold sector. This strategic move aims to diversify its portfolio beyond the Fraser Range, enhancing its exposure to gold and base metals. The company maintains a strong cash position of $11.8 million and continues to engage in land access negotiations and explore new project opportunities that align with its strengths.

Legend Mining Limited Issues New Shares Under Employee Incentive Plan

Legend Mining Limited announced the issuance of 3,000,000 fully paid ordinary shares following the exercise of zero exercise price options granted under its employee incentive plan. This move, compliant with ASX Listing Rules, reflects the company’s commitment to rewarding its employees and potentially enhancing its market position by increasing share availability.

Legend Mining Limited Issues 3 Million New Securities

Legend Mining Limited has announced the issuance of 3,000,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) as of July 3, 2025. This move could potentially enhance the company’s liquidity and provide additional capital for its exploration activities, thereby strengthening its position in the mining industry.

Legend Mining Finalizes Acquisition of Pinnacle Well Project

Legend Mining Limited has completed the acquisition of the Pinnacle Well Project, a 110 km² area located in the mineral-rich Leonora district of Western Australia, known for its potential in gold and base metals. With the acquisition finalized, Legend is set to begin exploration activities, having already started assessing previous exploration data. This strategic move is expected to enhance Legend’s position in the mining sector by expanding its exploration footprint and potentially increasing its resource base.

Legend Mining Expands into Leonora with Pinnacle Well Acquisition

Legend Mining Limited has signed Binding Term Sheets to acquire a 100% interest in the Pinnacle Well Project, located 25 km NNE of Leonora, Western Australia. This acquisition marks Legend’s strategic entry into the mineral-rich Leonora district, known for its significant gold and base metal deposits. The company plans to conduct extensive exploration activities, including data compilation and geophysical surveys, to identify potential drill targets, thereby enhancing its operational footprint and market positioning in the region.