Mamba Exploration Ltd. (AU:M24)
ASX:M24
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Mamba Exploration Ltd.
(Sydney:M24)
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Rating:45Neutral
Price Target:
AU$0.02
▼(-5.00% Downside)
Action:ReiteratedDate:03/24/26
The score is held down mainly by persistent losses and ongoing negative operating/free cash flow, implying continued reliance on external funding. Weak technical momentum (below key moving averages with negative MACD) further weighs on the outlook, while the low-debt balance sheet provides only partial support. Valuation is not supportive due to a negative P/E and no dividend yield.
Positive Factors
Diversified commodity exposure
Mamba's portfolio spans gold, copper, manganese, nickel and rare earths, reducing reliance on a single commodity. This multi-commodity exposure positions the company to benefit from structural demand cycles across metals, improving optionality for project valuation and partnerships over time.
Negative Factors
Persistent and widening net losses
Consistent and larger net losses indicate the business remains in an investment phase without operating leverage. Continued negative profitability erodes equity, limits reinvestment capacity from earnings, and raises the bar for future profitability and investor patience.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified commodity exposure
Mamba's portfolio spans gold, copper, manganese, nickel and rare earths, reducing reliance on a single commodity. This multi-commodity exposure positions the company to benefit from structural demand cycles across metals, improving optionality for project valuation and partnerships over time.
Read all positive factors
Mamba Exploration Ltd. (M24) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.78M
Dividend YieldN/A
Average Volume (3M)398.68K
Price to Earnings (P/E)―
Beta (1Y)1.88
Revenue GrowthN/A
EPS Growth0.81%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding339,165,620
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 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...
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 | 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
Negative
0.02
Price Trends
0.03
Negative
0.02
Negative
0.02
Positive
Market Momentum
>-0.01
Negative
37.83
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 Negative. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.03, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.83 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 Negative 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% | |
47 Neutral | AU$6.33M | -1.25 | -13.20% | ― | ― | 73.55% | |
45 Neutral | AU$6.78M | -3.69 | -22.17% | ― | ― | 0.81% | |
45 Neutral | AU$11.17M | -7.05 | -7.48% | ― | ― | 12.20% | |
45 Neutral | AU$19.25M | -1.52 | -98.65% | ― | ― | 32.08% | |
44 Neutral | AU$31.82M | -2.41 | -84.62% | ― | ― | -11.90% | |
44 Neutral | AU$6.26M | -1.02 | -148.04% | ― | ― | -7.41% |
* Basic Materials Sector Average
AU:M24
Mamba Exploration Ltd.
0.02
<0.01
81.82%
AU:ACS
Accent Resources NL
0.07
0.05
400.00%
AU:GED
Golden Deeps Limited
0.05
0.03
188.24%
AU:M2R
Miramar Resources Limited
―
―
―
AU:GES
Genesis Resources Limited
0.01
0.00
0.00%
AU:AQX
Alice Queen Ltd.
0.01
0.00
0.00%
Mamba Exploration Ltd. Corporate Events
Mamba Exploration Wins Strong Shareholder Backing for Share Issues and Director Options
Mar 31, 2026
Mamba Exploration Ltd reported that all resolutions put to shareholders at its latest general meeting were passed by poll, including approval to issue consideration shares and to ratify and proceed with a multi-tranche placement. The strong voting...
Mamba Exploration Sharpens Meeka East Gold Targets With AEM Data and Soil Survey
Mar 29, 2026
Mamba Exploration has interpreted historic airborne electromagnetic data over its Meeka East Gold Project, confirming zones of high conductivity that align with historical geochemical gold anomalies along the Mulga Bill southern extension and othe...
Mamba Exploration Releases Half‑Year 2025 Consolidated Financial Report
Mar 9, 2026
Mamba Exploration Limited has released its consolidated financial report for the half year ended 31 December 2025, detailing profit or loss, other comprehensive income, financial position, cash flows, and changes in equity. The report, which inclu...
Mamba Exploration Sets March General Meeting, Shifts to Electronic Notices
Feb 27, 2026
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 ...
Mamba Exploration Calls 2026 General Meeting to Approve Major Share Issuances
Feb 27, 2026
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, preferabl...
Mamba Exploration Completes 44 Million-Share Placement Under Disclosure Exemption
Feb 10, 2026
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 ...
Mamba Exploration Seeks ASX Quotation for 44 Million New Shares
Feb 10, 2026
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 quot...
Mamba Exploration Secures Majority Stake in Underexplored Meeka East Gold Project
Feb 2, 2026
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...
Mamba Exploration Appoints Matthew Freedman as Director with Significant Indirect Shareholding
Feb 2, 2026
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 ...
Mamba Exploration Plans Major Share Placement to Fund Future Activities
Feb 2, 2026
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 expecte...
Mamba Exploration Plans Placement of Up to 89.3 Million New Shares
Feb 2, 2026
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 aime...
Mamba Exploration Plans Placement of Up to 44 Million New Shares
Feb 2, 2026
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 bol...
Mamba Exploration Buys Into Meeka East Gold Project and Raises $2m for WA Exploration Push
Feb 2, 2026
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...
Mamba Refocuses on High-Grade Gold Targets at Ashburton Following Strategic Review
Jan 30, 2026
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 ini...
Mamba Exploration Halts Trading Ahead of Acquisition and Capital Raising Announcement
Jan 29, 2026
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 wil...
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.