Mt Malcolm Mines NL (AU:M2M)
ASX:M2M
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Mt Malcolm Mines NL
(Sydney:M2M)
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Rating:53Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily supported by improving financial performance in FY2025 (revenue ramp, return to profitability, and positive operating/free cash flow) and a conservatively financed balance sheet. This is tempered by weak technical trend signals (below major moving averages and negative MACD) and limited valuation support due to a negative P/E and no dividend yield.
Positive Factors
Maiden JORC resource & metallurgical recoveries
Reporting a maiden JORC resource (13,200 oz, mostly Indicated) with metallurgical recoveries above 94% materially reduces geological and processing risk. This provides a clearer development pathway, supports mine planning and enhances lender/investor confidence for project financing and staged development.
Negative Factors
Thin profitability and low returns
Profitability remains thin despite FY2025 improvement: a ~2.1% net margin and negligible ROE mean the company’s asset base is not yet translating into sustainable returns. This limited earnings buffer increases sensitivity to cost overruns, grade variability, or lower gold prices and complicates access to non-dilutive financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Maiden JORC resource & metallurgical recoveries
Reporting a maiden JORC resource (13,200 oz, mostly Indicated) with metallurgical recoveries above 94% materially reduces geological and processing risk. This provides a clearer development pathway, supports mine planning and enhances lender/investor confidence for project financing and staged development.
Read all positive factors
Mt Malcolm Mines NL (M2M) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.16M
Dividend YieldN/A
Average Volume (3M)997.16K
Price to Earnings (P/E)―
Beta (1Y)-0.06
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding516,420,170
10 Day Avg. Volume1,211,053
30 Day Avg. Volume997,164
Financial Highlights & Ratios
PEG Ratio-1.99
Price to Book (P/B)0.58
Price to Sales (P/S)4.22
P/FCF Ratio31.02
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
Mt Malcolm Mines NL Business Overview & Revenue Model
Company Description
Mt Malcolm Mines NL operates as a gold exploration company in Australia. The company holds 100% interests in the Malcolm project with 151 tenements covering an area of 274 square kilometers located in Western Australia. Mt Malcolm Mines NL was inc...
Mt Malcolm Mines NL Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
78
Positive
Cash Flow
51
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.01M | 1.45M | 14.17K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 363.58K | 753.96K | -93.89K | -90.78K | -38.89K | -8.49K |
| EBITDA | -383.13K | 188.26K | -1.07M | -1.24M | -1.33M | -2.92M |
| Net Income | -575.17K | 30.58K | -1.18M | -1.33M | -1.37M | -2.93M |
Balance Sheet | ||||||
| Total Assets | 13.70M | 11.88M | 9.37M | 7.88M | 8.78M | 2.38M |
| Cash, Cash Equivalents and Short-Term Investments | 1.49M | 931.35K | 640.35K | 743.90K | 4.65M | 431.46K |
| Total Debt | 265.67K | 428.56K | 254.07K | 76.51K | 105.47K | 131.12K |
| Total Liabilities | 812.98K | 1.21M | 1.23M | 463.41K | 595.32K | 718.21K |
| Stockholders Equity | 12.89M | 10.67M | 8.14M | 7.42M | 8.18M | 1.67M |
Cash Flow | ||||||
| Free Cash Flow | 243.20K | 197.91K | -2.53M | -4.39M | -3.32M | -1.18M |
| Operating Cash Flow | -431.48K | 243.91K | -881.47K | -877.34K | -1.22M | -386.16K |
| Investing Cash Flow | -1.38M | -2.06M | -1.64M | -3.52M | -2.10M | -500.66K |
| Financing Cash Flow | 3.31M | 2.11M | 2.43M | 480.08K | 7.54M | 1.63M |
Mt Malcolm Mines NL Technical Analysis
Negative
0.01
Price Trends
0.01
Negative
0.01
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
46.21
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:M2M, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.21 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:M2M.
Mt Malcolm Mines NL 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% | |
53 Neutral | AU$5.16M | -1.52 | 0.31% | ― | ― | ― | |
50 Neutral | AU$18.19M | -1.14 | -28.97% | ― | ― | -40.85% | |
47 Neutral | AU$10.69M | -1.61 | -19.54% | ― | ― | 15.38% | |
46 Neutral | AU$19.21M | -2.09 | -58.76% | ― | ― | 77.62% | |
43 Neutral | AU$10.85M | -0.53 | -349.72% | ― | ― | ― | |
40 Underperform | AU$6.04M | -4.23 | 89.87% | ― | ― | -237.50% |
* Basic Materials Sector Average
AU:M2M
Mt Malcolm Mines NL
0.01
-0.01
-52.38%
AU:PRX
Prodigy Gold NL
0.06
<0.01
7.55%
AU:ALY
Alchemy Resources Limited
0.01
0.00
0.00%
AU:AUV
Sipa Resources Limited
0.02
<0.01
15.38%
AU:NME
Nex Metals Explorations Ltd
0.02
-0.01
-37.93%
AU:GMN
Gold Mountain Limited
0.09
-0.01
-13.59%
Mt Malcolm Mines NL Corporate Events
Mt Malcolm Mines NL Releases Half-Year Financial Report to 31 December 2025
Mar 16, 2026
Mt Malcolm Mines NL has released its financial report for the half year ended 31 December 2025. The document outlines the directors’ report, auditor’s review, and the company’s condensed consolidated financial statements, providi...
Mt Malcolm Mines unveils maiden gold resources at Malcolm Project
Mar 12, 2026
Mt Malcolm Mines NL has reported maiden JORC 2012 Mineral Resource Estimates for the Golden Crown and Dumbarton deposits at its Malcolm Project, totalling 269,000 tonnes at 1.53 grams per tonne gold for 13,200 ounces, mostly in the Indicated categ...
Mt Malcolm Mines Plans Equity Issue of Up to 3.16 Million Shares
Feb 10, 2026
Mt Malcolm Mines NL has lodged an Appendix 3B notice with the ASX outlining a proposed placement or other type of securities issue. The company plans to issue up to 3,164,557 fully paid ordinary shares under this proposal.The proposed new shares, ...
Mt Malcolm Mines Plans New Share Placement on ASX
Feb 10, 2026
Mt Malcolm Mines NL, an ASX-listed mineral exploration company, continues to utilise equity capital markets as a key funding mechanism for its projects. The company issues ordinary fully paid shares under the code M2M to maintain liquidity and sup...
Mt Malcolm Mines Plans Modest Share Placement on ASX
Feb 10, 2026
Mt Malcolm Mines NL has notified the ASX of a proposed issue of up to 632,912 ordinary fully paid shares under a placement or similar capital-raising structure. The new securities, expected to be issued on 12 February 2026, are intended to be quot...
Mt Malcolm Mines Moves to Advance Leonora Gold Processing Plant Study
Feb 10, 2026
Mt Malcolm Mines NL has moved to kick-start a technical and financial study on recently acquired processing plant components, aiming to establish a 500,000 tonne per annum CIP gold processing facility at Leonora. The company’s subsidiary Mt ...
Mt Malcolm Mines Boosts Growth Plans with Mill Acquisition, Capital Raise and Strong Gold Drilling Results
Jan 28, 2026
Mt Malcolm Mines NL reported a transformative December 2025 quarter marked by the acquisition of major components of a 500,000 tonne-per-annum carbon-in-leach gold processing plant and associated infrastructure in the Leonora district, which is si...
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.