Mamba Exploration Ltd. (M24) AI Stock Analysis

• Market Cap: AU$5.31M
• Dividend Yield: N/A
• Average Volume (3M): 398.68K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.23
• Revenue Growth: N/A
• EPS Growth: 0.81%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 295,165,620
• 10 Day Avg. Volume: 476,746
• 30 Day Avg. Volume: 398,682
• PEG Ratio: -0.07
• Price to Book (P/B): 0.54
• Price to Sales (P/S): 41.14
• P/FCF Ratio: -2.01
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: AU$0.00 ▼(-100.00% Downside)

Mamba Exploration Ltd.'s stock score is primarily influenced by its financial performance and technical analysis. The company shows strong revenue growth but faces challenges in profitability and cash flow. Technical indicators suggest positive momentum, though the stock appears overbought. Valuation concerns due to negative earnings further impact the score.

Mamba Exploration Ltd. Business Overview & Revenue Model

Company Description

Mamba Exploration Limited, together with its subsidiaries, operates as an exploration and development company in Australia. It primarily explores for gold, copper, nickel, manganese, cobalt, silver, and base metal deposits. The company holds a 100% interest Darling Range project that covers 26 blocks or approximately 75km2 located north-east of Perth; a 100% interest Calyerup Creek project comprising two granted exploration licences that covers approximately 45km2 located in Western Australia; and 100% in Ashburton comprising three granted exploration licences which covers 204 blocks or approximately 610km2 located in Western Australia; and Kimberley projects comprises of 3 sub-projects located in the Kimberley region of Western Australia. Mamba Exploration Limited was incorporated in 2020 and is based in West Perth, Australia.

How the Company Makes Money

Mamba Exploration Ltd. generates revenue primarily through the exploration and development of mineral resources. The company's revenue model is centered on discovering viable mineral deposits that can be developed into mining operations. Key revenue streams include the sale of mineral rights, joint venture agreements with larger mining companies that provide funding for exploration in exchange for a share of future profits, and potential future revenues from mining operations once viable resources are established. Additionally, Mamba may benefit from partnerships with other exploration firms and financial institutions that can provide capital for exploration activities and infrastructure development.

Mamba Exploration Ltd. Financial Statement Overview

Summary

Mamba Exploration Ltd. shows strong revenue growth but struggles with profitability and cash flow generation. The balance sheet is stable with low leverage, but negative return on equity and cash flow issues highlight operational inefficiencies.

Income Statement

Mamba Exploration Ltd. shows significant revenue growth, with an 81.56% increase in the latest year. However, the company struggles with profitability, as indicated by negative net profit and EBIT margins. The gross profit margin is positive, but the overall financial health is hindered by substantial losses.

Balance Sheet

The company maintains a low debt-to-equity ratio, indicating conservative leverage. However, the return on equity is negative, reflecting ongoing losses and inefficiencies in generating returns from equity. The equity ratio is stable, suggesting a solid asset base relative to liabilities.

Cash Flow

Operating cash flow and free cash flow are negative, although there is a notable improvement in free cash flow growth. The ratios of cash flow to net income indicate a struggle to convert earnings into cash, which could impact liquidity and operational flexibility.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	68.39K	68.39K	55.11K	37.23K	17.03K	0.00
Gross Profit	68.39K	68.39K	-32.72K	-42.92K	-41.44K	-21.83K
EBITDA	-1.09M	-1.09M	-1.17M	-2.98M	-1.52M	-838.42K
Net Income	-3.05M	-3.05M	-1.25M	-3.07M	-1.58M	-860.25K
Balance Sheet
Total Assets	5.42M	5.42M	7.39M	5.53M	8.31M	10.02M
Cash, Cash Equivalents and Short-Term Investments	562.26K	562.26K	825.97K	747.57K	3.41M	5.68M
Total Debt	66.61K	66.61K	14.11K	92.28K	82.39K	82.39K
Total Liabilities	217.59K	217.59K	332.60K	321.24K	247.21K	383.35K
Stockholders Equity	5.20M	5.20M	7.06M	5.21M	8.06M	9.64M
Cash Flow
Free Cash Flow	-1.40M	-1.40M	-2.52M	-2.63M	-2.27M	-1.29M
Operating Cash Flow	-1.11M	-1.11M	-830.37K	-1.12M	-1.31M	-618.72K
Investing Cash Flow	-239.98K	-239.98K	-1.64M	-1.52M	-965.34K	-671.33K
Financing Cash Flow	1.09M	1.09M	2.55M	-24.53K	0.00	6.97M

Mamba Exploration Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:M24, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.01, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 75.16 is Negative, neither overbought nor oversold. The STOCH value of 200.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:M24.

Mamba Exploration Ltd. 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%
M24	48 Neutral	AU$5.31M	-1.38	-49.72%	―	―	0.81%
GED	41 Neutral	AU$12.18M	-7.64	-8.73%	―	―	12.20%
AQX	38 Underperform	AU$7.53M	―	-110.65%	―	―	32.08%
M2R	35 Underperform	AU$3.58M	―	-16.88%	―	―	73.55%
GES	34 Underperform	AU$5.48M	―	-63.22%	―	―	-7.41%
ACS	29 Underperform	€2.94M	―	-204.45%	―	―	-11.90%

Mamba Exploration Ltd. Corporate Events

Mamba Exploration Advances Gold Targets and Seeks New Opportunities

Mamba Exploration Limited has made significant progress in refining gold exploration targets at its Ashburton Project, integrating historical data to identify promising areas for upcoming fieldwork. Despite financial constraints limiting field activities, the company is preparing for a detailed mapping and sampling program in the December quarter. Additionally, Mamba is reviewing potential new projects to strategically expand its portfolio, maintaining a cash position of $493K at the end of the September quarter.

Mamba Exploration Resumes Gold Exploration at Ashburton Project

Mamba Exploration Limited has announced the recommencement of gold-focused exploration at its Ashburton Project in Western Australia. This decision follows a strategic review highlighting the project’s potential for near-term discovery success, particularly at the Bettina Prospect, where high-grade gold mineralisation has been identified. The exploration will utilize modern techniques to build upon historical results, with a focus on the Minga Bar Fault, a key regional structure for gold mineralisation. The initiative aims to enhance Mamba’s positioning in the strengthening gold market and deliver significant outcomes for stakeholders.

Mamba Exploration Announces Upcoming AGM with Digital Focus

Mamba Exploration Limited has announced its upcoming Annual General Meeting, scheduled for November 18, 2025. Shareholders are encouraged to participate by lodging proxy votes online, as physical copies of the meeting notice will not be dispatched unless specifically requested. This move towards electronic communication reflects a broader industry trend towards digital engagement with stakeholders.

Mamba Exploration Ltd. Announces AGM Date and Director Nominations

Mamba Exploration Ltd. has announced that its Annual General Meeting will be held on November 18, 2025. The meeting will include the election of Directors, with nominations closing on October 7, 2025. This announcement is part of the company’s compliance with ASX regulations and reflects its ongoing corporate governance practices.

Mamba Exploration Releases Corporate Governance Statement

Mamba Exploration Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms compliance with ASX Corporate Governance Council recommendations, outlining the company’s adherence to governance principles such as board responsibilities and director appointments, which may enhance stakeholder confidence in its governance practices.

Mamba Exploration Ltd. Releases 2025 Annual Report

Mamba Exploration Ltd. has released its consolidated annual report for the year ended 30 June 2025. The report includes comprehensive financial statements and disclosures, providing insights into the company’s financial performance and position. This release is crucial for stakeholders as it offers transparency into the company’s operations and financial health, which can impact investor confidence and market positioning.