M3 Mining Ltd. (M3M) AI Stock Analysis

• Market Cap: AU$1.84M
• Dividend Yield: N/A
• Average Volume (3M): 56.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.60
• Revenue Growth: N/A
• EPS Growth: 30.00%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Other Precious Metals
• EPS (TTM): -0.03
• Shares Outstanding: 83,805,374
• 10 Day Avg. Volume: 104,610
• 30 Day Avg. Volume: 56,359
• PEG Ratio: -0.08
• Price to Book (P/B): 2.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.67
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 34 Underperform
• Price Target: ―

M3 Mining Ltd.'s score is significantly impacted by its poor financial performance, characterized by ongoing losses and negative cash flows. Technical indicators show bearish momentum, and the lack of earnings and dividends affects valuation. The absence of positive financial metrics and operational challenges weighs heavily on the overall score.

M3 Mining Ltd. Business Overview & Revenue Model

Company Description

M3 Mining Limited engages in the exploration and evaluation of mineral resources in Australia. The company primarily explores for copper and gold deposits. It holds a 100% interest in the Edjudina project comprising six licenses located approximately 150 km north east of Kalgoorlie in the Eastern Goldfields, Western Australia; and the Victoria Bore project located in the Pilbara region of Western Australia. The company was incorporated in 2020 and is headquartered in Perth, Australia.

How the Company Makes Money

M3 Mining Ltd. generates revenue primarily through the exploration and development of mineral resources. The company identifies and acquires mining properties with potential mineral deposits, conducts exploration activities to assess the viability of these deposits, and develops them into operational mining sites. Revenue is generated through the sale of extracted minerals to industrial buyers, refineries, and commodity markets. Additionally, M3 Mining Ltd. may enter into strategic partnerships or joint ventures with other mining companies to share costs and risks associated with large-scale mining projects. These partnerships can also provide access to additional markets and technologies, thereby enhancing the company's ability to monetize its mineral resources effectively.

M3 Mining Ltd. Financial Statement Overview

Summary

M3 Mining Ltd. faces significant financial challenges with persistent losses and negative cash flows, indicating potential operational inefficiencies or growth stage hurdles. Despite being debt-free, declining cash reserves pose a risk to sustainability without revenue generation.

Income Statement

M3 Mining Ltd. consistently reports zero revenue, indicating operational challenges or early-stage development. The company shows increasing net losses over the years, with significant negative EBIT and EBITDA margins, reflecting operational inefficiencies or high fixed costs.

Balance Sheet

The company's debt-free balance sheet is a positive but is offset by declining stockholders' equity, indicating ongoing losses. The equity ratio remains strong, suggesting financial stability, but the reduction in cash reserves over time raises sustainability concerns.

Cash Flow

Consistent negative operating and free cash flows reflect ineffective cash generation from operations. While the company benefits from positive financing cash flows, this reliance could pose risks if external funding diminishes.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	-195.97K	-11.28K	-8.40K	-35.00K
	EBIT
0.00	-2.19M	-2.18M	-1.35M	-733.65K
	EBITDA
-2.06M	-2.10M	-2.17M	-1.34M	9.43K
	Net Income Common Stockholders
-952.24K	-2.11M	-2.12M	-1.35M	-733.52K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.90M	1.95M	2.84M	3.57M	1.96M
	Total Assets
2.05M	2.12M	3.02M	3.67M	1.98M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-1.90M	-1.95M	-2.84M	-3.57M	-1.96M
	Total Liabilities
81.46K	291.11K	267.26K	230.34K	1.43M
	Stockholders Equity
1.97M	1.82M	2.75M	3.44M	543.99K
Cash Flow		Free Cash Flow
-899.40K	-1.74M	-1.83M	-1.27M	-102.55K
	Operating Cash Flow
0.00	-1.74M	-1.80M	-1.22M	-102.55K
	Investing Cash Flow
-326.00	0.00	-43.13K	-55.50K	0.00
	Financing Cash Flow
847.77K	847.85K	1.11M	2.88M	2.06M

M3 Mining Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:M3M, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 12.89 is Positive, neither overbought nor oversold. The STOCH value of -28.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:M3M.

M3 Mining Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.03B	-1.27	-21.09%	3.98%	2.91%	-30.50%
M3M	34 Underperform	AU$1.84M	―	-103.28%	―	―	30.00%
ARTTF		$9.86M	―	-53.93%	―	―	―
RMLRF		$2.21B	9.12	26.42%	1.04%	―	―
AU4		€148.75M	―	-14.81%	―	―	―
CNB	35 Underperform	AU$74.23M	―	-27.89%	―	―	55.31%
G88	28 Underperform	AU$6.53M	―	-31.24%	―	―	30.16%

M3 Mining Ltd. Corporate Events

M3 Mining Ltd. Reports Promising Gold Prospects and Strategic Expansion

M3 Mining Ltd. has announced promising findings from its Edjudina Gold Project, with soil sampling indicating potential gold mineralization at the Broken Hill Bore and Old Plough Dam prospects. The company is also advancing its Victoria Bore Copper Project and exploring energy asset opportunities in North Africa, which could enhance its strategic positioning and growth potential.

M3 Mining Limited Announces General Meeting for Shareholders

M3 Mining Limited has announced a General Meeting for its shareholders, scheduled for May 30, 2025, in Perth, Western Australia. The company is encouraging shareholders to vote by proxy, with instructions provided for electronic and mail submissions. This meeting is a part of the company’s ongoing efforts to engage with shareholders and ensure their participation in key decisions.

M3 Mining Ltd. Announces Director Departure and Securities Interests

M3 Mining Ltd. has announced the cessation of Russell Davis as a director, effective April 20, 2025. The announcement details Davis’s interests in securities through various entities, including Strada D’Oro Pty Ltd and Davis Family Capital Pty Ltd. This change in directorship may impact the company’s governance and strategic direction, potentially influencing stakeholder interests and market perception.

M3 Mining Faces Potential Board Reshuffle Amid Revised Notices

M3 Mining Limited has received revised notices under sections 203D and 249D of the Corporations Act, indicating a call for a general meeting of shareholders. The meeting aims to consider resolutions for the removal of three directors, including the Non-Executive Chairman, and the appointment of two new directors. The company is currently seeking legal advice regarding the validity of these requisition notices and intends to comply with its obligations under the Corporations Act. This development could significantly impact the company’s leadership structure and strategic direction.

M3 Mining Faces Board Reshuffle Amidst Shareholder Notices

M3 Mining Limited has received notices under sections 203D and 249D of the Corporations Act from various parties seeking to convene a general meeting of shareholders. The proposed resolutions include the removal of current directors, except for Eddie King, and the appointment of new directors Alan Armstrong and Tyler Formica. Additionally, there is a proposal for the removal of Eddie King as a director. The company is currently seeking legal advice regarding the validity of these requisition notices and intends to comply with its obligations under the Corporations Act.

M3 Mining Unveils New Copper Targets at Victoria Bore Project

M3 Mining Ltd. has announced promising results from its Victoria Bore Project, where soil sampling has identified multiple copper targets. The project, located 120km south of Onslow, Western Australia, has shown potential for extensive copper mineralization systems beneath shallow cover, supported by passive seismic survey results. The company plans to refine and generate drill-ready targets to further explore the project’s economic potential.