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Mamba Exploration Ltd.
(Sydney:M24)
Mamba Exploration Ltd. (M24) vs. iShares MSCI Australia ETF (EWA)
Mamba Exploration Ltd. Business Overview & Revenue Model
Mamba Exploration Ltd. Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 68.39K | 55.11K | 37.23K | 17.03K | 0.00 |
| Gross Profit | 68.39K | -32.72K | -42.92K | -41.44K | -21.83K |
| EBITDA | -1.09M | -1.17M | -2.98M | -1.52M | -838.42K |
| Net Income | -3.05M | -1.25M | -3.07M | -1.58M | -860.25K |
Balance Sheet | |||||
| Total Assets | 5.42M | 7.39M | 5.53M | 8.31M | 10.02M |
| Cash, Cash Equivalents and Short-Term Investments | 562.26K | 825.97K | 747.57K | 3.41M | 5.68M |
| Total Debt | 66.61K | 14.11K | 92.28K | 82.39K | 82.39K |
| Total Liabilities | 217.59K | 332.60K | 321.24K | 247.21K | 383.35K |
| Stockholders Equity | 5.20M | 7.06M | 5.21M | 8.06M | 9.64M |
Cash Flow | |||||
| Free Cash Flow | -1.40M | -2.52M | -2.63M | -2.27M | -1.29M |
| Operating Cash Flow | -1.11M | -830.37K | -1.12M | -1.31M | -618.72K |
| Investing Cash Flow | -239.98K | -1.64M | -1.52M | -965.34K | -671.33K |
| Financing Cash Flow | 1.09M | 2.55M | -24.53K | 0.00 | 6.97M |
Mamba Exploration Ltd. Technical Analysis
Mamba Exploration Ltd. 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% | |
50 Neutral | AU$9.50M | -0.92 | -49.72% | ― | ― | 0.81% | |
47 Neutral | AU$14.36M | -2.80 | -8.73% | ― | ― | 12.20% | |
47 Neutral | AU$6.04M | -0.67 | -16.88% | ― | ― | 73.55% | |
44 Neutral | AU$22.03M | -0.45 | -204.45% | ― | ― | -11.90% | |
44 Neutral | AU$7.83M | -1.72 | -63.22% | ― | ― | -7.41% | |
38 Underperform | AU$19.25M | -0.83 | -110.65% | ― | ― | 32.08% |
Mamba Exploration Ltd. Corporate Events
Mamba Exploration Limited has called a General Meeting of shareholders for 11.00am WST on 31 March 2026 at its Subiaco, Western Australia office, outlining arrangements for investor participation. The company is moving away from physical mailouts of meeting materials, instead providing the Notice of Meeting and explanatory statement electronically via its website and the ASX announcements platform.
Shareholders who have elected to receive electronic communications will be emailed a link to the Notice of Meeting and are strongly encouraged to vote by lodging proxy instructions online or through multiple available channels. The company has set a proxy lodgement deadline of 11.00am WST on 29 March 2026, underscoring the importance of timely shareholder engagement and compliance with Corporations Act requirements.
The most recent analyst rating on (AU:M24) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.
Mamba Exploration Limited has called a general meeting of shareholders for 31 March 2026 in Subiaco, Western Australia, setting 29 March 2026 as the record date to determine voting eligibility. The company is urging shareholders to vote, preferably by lodging proxy forms, and has provided an explanatory memorandum to guide decisions on the resolutions.
The agenda includes approval to issue 59,033,122 consideration shares to MMPL or its nominees, ratification of a prior issue of 44,000,000 tranche 1 placement shares, and approval to issue tranche 2 placement shares. These resolutions, if passed, will ratify and expand the company’s share capital base, underpinning its funding structure and potentially diluting existing holdings while providing capital flexibility for ongoing exploration and corporate activities.
The most recent analyst rating on (AU:M24) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.
Mamba Exploration Ltd. has issued 44,000,000 fully paid ordinary shares as part of a previously announced placement, marking the completion of this capital-raising step to support its ongoing activities. The company confirmed that the shares were issued without a prospectus under the Corporations Act disclosure exemptions and stated it has complied with relevant financial reporting and continuous disclosure obligations, signalling regulatory compliance and transparency for investors.
Mamba also advised that there is no excluded information that investors would reasonably expect in a disclosure document, which helps reassure the market about the integrity of the placement and the company’s information flow. This notice under section 708A(5)(e) formalises the status of the new shares for secondary trading, potentially enhancing liquidity in Mamba Exploration’s stock and broadening its shareholder base.
The most recent analyst rating on (AU:M24) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.
Mamba Exploration Ltd. has applied to the Australian Securities Exchange for quotation of 44 million new ordinary fully paid shares under its existing M24 ticker. The new securities, issued on 10 February 2026, will expand the company’s quoted share base, potentially enhancing liquidity and providing additional capital flexibility for its ongoing exploration activities and corporate initiatives.
The most recent analyst rating on (AU:M24) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.
Mamba Exploration Ltd has outlined its acquisition of a 70% interest in the Meeka East Gold Project, positioning itself in a highly prospective but underexplored gold region in Western Australia. The company highlights the exploration potential of Meeka East and its Calyerup Creek Project, noting that reported exploration results are based on existing publicly available geological data and have been prepared in line with the JORC Code, with confirmation that no new information materially changes previous results. Mamba stresses that the information presented is indicative and subject to geological interpretation, and it emphasizes compliance with industry reporting standards through a Competent Person sign-off, reinforcing the technical credibility of its exploration narrative and signaling a strategic step to expand its gold exploration footprint.
The most recent analyst rating on (AU:M24) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.
Mamba Exploration Limited has announced the appointment of Matthew Freedman as a director, effective 2 February 2026. According to his initial director’s interest notice, Freedman holds no shares directly but has beneficial interests in 3.2 million fully paid ordinary shares held by Rangehill Holdings Pty Ltd, 2 million fully paid ordinary shares held by Karlup Holdings Pty Ltd
The most recent analyst rating on (AU:M24) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.
Mamba Exploration Limited has lodged an Appendix 3B announcing a proposed placement of up to 59,033,122 ordinary fully paid shares, with an intended issue date of 4 February 2026. The capital raising via this substantial share placement is expected to provide additional funding flexibility for the company’s exploration activities and general corporate purposes, potentially strengthening its balance sheet and positioning it for future project advancement and strategic initiatives in the mineral exploration space.
The most recent analyst rating on (AU:M24) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.
Mamba Exploration Limited has announced a proposed placement of up to 89,333,333 new ordinary fully paid shares, with the issue expected to take place on 4 February 2026. The capital raising, disclosed via an Appendix 3B filing to the ASX, is aimed at expanding the company’s issued capital base, which may enhance its financial flexibility for ongoing exploration activities and strengthen its market positioning, though specific use of proceeds was not detailed in the announcement.
The most recent analyst rating on (AU:M24) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.
Mamba Exploration Limited has announced a proposed placement of up to 44 million new fully paid ordinary shares, with an intended issue date of 10 February 2026. The capital raising, detailed in an Appendix 3B filing to the ASX, is designed to bolster the company’s funding base and support its ongoing exploration programs, with the enlarged share base potentially affecting existing shareholders’ dilution while strengthening the balance sheet for future project work and corporate development.
The most recent analyst rating on (AU:M24) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.
Mamba Exploration has agreed to acquire a 70% interest in Meekatharra Minerals East Pty Ltd, which holds the rights to the Meeka East Gold Project in the Murchison Goldfields of Western Australia, expanding Mamba’s gold exploration footprint with a consolidated 152 km² package of largely underexplored tenements. The acquisition, alongside a $2 million share placement backed by new and existing investors and the appointment of experienced industry figures Matt Freedman as Executive Director and Peter Schwann as Technical Advisor, positions Mamba to aggressively explore the Mulga Bill trend extension and associated prospects, potentially enhancing its growth prospects and strategic standing in a highly prospective gold district.
The most recent analyst rating on (AU:M24) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.
Mamba Exploration has completed a strategic review of its exploration priorities and will refocus its Western Australian activities on the Ashburton and Great Southern projects, with the Ashburton Project’s Bettina Prospect chosen as the initial focus of renewed gold exploration. The company plans to build on historically high-grade rock chip and drilling results at Bettina through modern soil geochemistry and structural mapping along the Minga Bar Fault, a key gold-hosting structure in the Capricorn Orogen, positioning Mamba to pursue near-term discovery potential while continuing to assess new project opportunities that could further strengthen its exploration portfolio.
The most recent analyst rating on (AU:M24) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.
Mamba Exploration Limited has requested and received a trading halt on its securities on the ASX, effective from 29 January 2026, pending the release of an announcement related to a proposed acquisition and associated capital raising. The halt will remain in place until the announcement is released or until the start of normal trading on 2 February 2026, signalling that a potentially material transaction and funding initiative is imminent, with possible implications for the company’s capital structure, asset base and strategic positioning in the resources sector.
The most recent analyst rating on (AU:M24) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mamba Exploration Ltd. stock, see the AU:M24 Stock Forecast page.