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Mamba Exploration Ltd.
(Sydney:M24)
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Rating:43Neutral
Price Target:
AU$0.01
▼(-30.00% Downside)
Action:Reiterated
Date:06/02/26
The score is held back primarily by persistent losses and ongoing negative operating/free cash flow, indicating continued funding dependence. Technicals also reflect weak momentum with the price below major moving averages and a negative MACD. Low debt modestly offsets risk, but the negative P/E (loss-making) and lack of yield support keep the overall score low.
Positive Factors
Low leverage / balance sheet strength
Very low debt reduces solvency risk and preserves financial flexibility, enabling the company to support exploration and operations without large interest burdens. Over the next 2-6 months this lowers default risk and eases pressure when raising incremental capital.
Negative Factors
Persistent net losses
Widening net losses (≈-3.0M in 2025) show the business remains unprofitable despite revenue. Persistent losses undermine self-funding capacity, erode returns, and suggest structural cost or scaling challenges that will need resolution to achieve sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance sheet strength
Very low debt reduces solvency risk and preserves financial flexibility, enabling the company to support exploration and operations without large interest burdens. Over the next 2-6 months this lowers default risk and eases pressure when raising incremental capital.
Read all positive factors
Mamba Exploration Ltd. (M24) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.26M
Dividend YieldN/A
Average Volume (3M)398.68K
Price to Earnings (P/E)―
Beta (1Y)1.72
Revenue GrowthN/A
EPS Growth72.06%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding487,532,070
10 Day Avg. Volume476,746
30 Day Avg. Volume398,682
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mamba Exploration Ltd. Business Overview & Revenue Model
Company Description
Mamba Exploration Limited, together with its subsidiary companies, operates as an Australian-based firm specializing in mineral exploration and development. The company's primary objective is to discover deposits rich in gold, copper, nickel, mang...
How the Company Makes Money
null...
Mamba Exploration Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.73K | 68.39K | 55.11K | 37.23K | 17.03K | 0.00 |
| Gross Profit | 11.20K | 68.39K | -32.72K | -42.92K | -41.44K | -21.83K |
| EBITDA | -1.01M | -1.09M | -1.17M | -2.98M | -1.52M | -838.42K |
| Net Income | -1.12M | -3.05M | -1.25M | -3.07M | -1.58M | -860.25K |
Balance Sheet | ||||||
| Total Assets | 4.99M | 5.42M | 7.39M | 5.53M | 8.31M | 10.02M |
| Cash, Cash Equivalents and Short-Term Investments | 250.05K | 562.26K | 825.97K | 747.57K | 3.41M | 5.68M |
| Total Debt | 28.75K | 66.61K | 14.11K | 92.28K | 82.39K | 82.39K |
| Total Liabilities | 83.94K | 217.59K | 332.60K | 321.24K | 247.21K | 383.35K |
| Stockholders Equity | 4.90M | 5.20M | 7.06M | 5.21M | 8.06M | 9.64M |
Cash Flow | ||||||
| Free Cash Flow | -1.20M | -1.40M | -2.52M | -2.63M | -2.27M | -1.29M |
| Operating Cash Flow | -969.73K | -1.11M | -830.37K | -1.12M | -1.31M | -618.72K |
| Investing Cash Flow | -222.85K | -239.98K | -1.64M | -1.52M | -965.34K | -671.33K |
| Financing Cash Flow | 609.34K | 1.09M | 2.55M | -24.53K | 0.00 | 6.97M |
Mamba Exploration Ltd. Technical Analysis
Positive
0.02
Price Trends
0.02
Positive
0.02
Negative
0.02
Negative
Market Momentum
<0.01
Negative
54.72
Neutral
100.00
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 above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 54.72 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 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
UnderperformOutperform
Sector (61)
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% | |
44 Neutral | AU$9.38M | -6.67 | -5.53% | ― | ― | -7.41% | |
44 Neutral | AU$9.08M | 7.17 | 4.51% | ― | ― | ― | |
43 Neutral | AU$9.26M | -4.74 | -22.17% | ― | ― | 72.06% | |
43 Neutral | AU$10.26M | -7.30 | -7.48% | ― | ― | 23.81% | |
43 Neutral | AU$10.74M | 6.36 | -45.95% | ― | ― | ― | |
41 Neutral | AU$8.25M | -6.97 | -21.57% | ― | ― | 65.42% |
* Basic Materials Sector Average
AU:M24
Mamba Exploration Ltd.
0.02
<0.01
28.57%
AU:GED
Golden Deeps Limited
0.05
0.02
119.05%
AU:VR8
Vanadium Resources Ltd.
0.01
>-0.01
-30.00%
AU:ITM
ITech Minerals LTD
0.03
<0.01
10.00%
AU:EM2
Eagle Mountain Mining Ltd.
0.01
0.00
0.00%
AU:CTN
Shree Minerals Limited
0.05
0.00
0.00%
Mamba Exploration Ltd. Corporate Events
Mamba Exploration Expands Meeka East Footprint and Ramps Up Gold-Copper Work
Jul 2, 2026
Mamba Exploration has agreed to acquire three prospecting licence applications on the Bella Trend at its Meeka East Gold Project, extending coverage over target lithologies and structural trends and integrating the ground into its existing heritag...
Mamba flags 20km gold trend and prepares EIS-backed drilling at Meeka East
May 8, 2026
Mamba Exploration has expanded soil sampling at its Meeka East Gold Project, confirming gold-in-sediments anomalies over more than 20km of strike and extending the 140’ Well trend as a southern continuation of Great Boulder Resources’ ...
Mamba Exploration Secures Meeka East Gold Stake and Advances WA Exploration Programs
Apr 28, 2026
Mamba Exploration has agreed to acquire a 70% interest in Meekatharra Minerals East, securing access to the Meeka East Gold Project over roughly 152 square kilometres in Western Australia’s Murchison Goldfield, and has raised A$2 million via...
Mamba Exploration Director Increases Indirect Stake Through Equity-Funded Acquisition
Apr 16, 2026
Mamba Exploration Limited has disclosed a significant change in the securities held indirectly by director Matthew Freedman, following transactions dated 15 April 2026. Through various entities and accounts in which he holds a beneficial interest,...
Mamba Exploration Clears 148 Million New Shares for Secondary Trading
Apr 15, 2026
Mamba Exploration has issued 148,366,455 fully paid ordinary shares without a prospectus under Part 6D.2 of the Corporations Act, and has lodged a notice so these securities can be freely traded under the on-sale exemption in section 708A(5). The ...
Mamba Exploration Secures 70% of Meeka East Gold Project and Advances Work Program
Apr 15, 2026
Mamba Exploration has completed the acquisition of a 70% interest in Meekatharra Minerals East Pty Ltd, securing effective control of the Meeka East Gold Project in Western Australia’s Murchison Goldfield. The transaction was funded followin...
Mamba Exploration Issues 19.5m Unquoted Incentive Options Across Three New Classes
Apr 15, 2026
Mamba Exploration Ltd. has issued 19.5 million unquoted incentive options across three new classes, labelled Class A, B and C, each comprising 6.5 million options. The options, which are not intended to be quoted on the ASX, form part of the compa...
Mamba Exploration Seeks ASX Quotation for 89.3 Million New Shares
Apr 15, 2026
Mamba Exploration Ltd. has applied for quotation of 89,333,333 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 15 April 2026. The move significantly increases the company’s quoted securities base, ...
Mamba Exploration Seeks ASX Quotation for 59 Million New Shares
Apr 15, 2026
Mamba Exploration Limited has applied to the ASX for quotation of 59,033,122 ordinary fully paid shares under its existing ticker M24, with an issue date of April 15, 2026. The move increases the number of tradable securities on market, potentiall...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.