Mamba Exploration Ltd. (AU:M24)
ASX:M24
Want to see AU:M24 full AI Analyst Report?
Top Page
Mamba Exploration Ltd.
(Sydney:M24)
Select Model
Select Model
Rating:45Neutral
Price Target:
AU$0.02
▲(0.00% Upside)
Action:Reiterated
Date:05/06/26
The score is driven primarily by weak financial performance (persistent losses and ongoing cash burn despite some revenue growth), reinforced by bearish technical signals (below key moving averages with negative MACD). Valuation contributes only modestly because negative earnings and no dividend data limit meaningful valuation support.
Positive Factors
Low Leverage / Balance Sheet Flexibility
Very low debt materially reduces solvency and refinancing risk over the medium term. For an exploration company, minimal leverage preserves capacity to fund drilling or enter JV deals without significant interest burdens, supporting optionality and resilience through commodity cycles.
Negative Factors
Persistent and Widening Net Losses
Widening annual losses indicate the business has not reached operating leverage; continued negative profitability erodes internal capital and makes organic funding of exploration untenable. Over months this raises dilution and strategic risk if revenue cannot cover costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Balance Sheet Flexibility
Very low debt materially reduces solvency and refinancing risk over the medium term. For an exploration company, minimal leverage preserves capacity to fund drilling or enter JV deals without significant interest burdens, supporting optionality and resilience through commodity cycles.
Read all positive factors
Mamba Exploration Ltd. (M24) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.75M
Dividend YieldN/A
Average Volume (3M)398.68K
Price to Earnings (P/E)―
Beta (1Y)1.70
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 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
Mamba Exploration Ltd. makes money by conducting exploration activities to identify economically viable mineral resources. The company generates revenue through the sale or development of discovered mineral deposits, joint ventures, or partnership...
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
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
37.83
Neutral
48.68
Neutral
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 below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 37.83 is Neutral, neither overbought nor oversold. The STOCH value of 48.68 is Neutral, 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$22.52M | -2.41 | -84.62% | ― | ― | ― | |
47 Neutral | AU$6.33M | -1.25 | -13.20% | ― | ― | 75.86% | |
45 Neutral | AU$9.75M | -3.69 | -22.17% | ― | ― | 72.06% | |
44 Neutral | AU$5.48M | -1.02 | -148.04% | ― | ― | -17.86% | |
43 Neutral | AU$9.12M | -7.05 | -7.48% | ― | ― | 23.81% | |
43 Neutral | AU$15.40M | -1.52 | -98.65% | ― | ― | -3.57% |
* Basic Materials Sector Average
AU:M24
Mamba Exploration Ltd.
0.02
<0.01
21.43%
AU:ACS
Accent Resources NL
0.05
0.03
253.85%
AU:GED
Golden Deeps Limited
0.04
0.02
105.56%
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 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...
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...
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.