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M3 Mining Ltd. (AU:M3M)
ASX:M3M
Australian Market

M3 Mining Ltd. (M3M) AI Stock Analysis

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AU

M3 Mining Ltd.

(Sydney:M3M)

Rating:34Underperform
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. (M3M) vs. iShares MSCI Australia ETF (EWA)

M3 Mining Ltd. Business Overview & Revenue Model

Company DescriptionM3 Mining Ltd. (M3M) is a resource exploration and development company focused on the mining sector. The company engages in the exploration, identification, and development of mineral resources, including precious metals and other valuable minerals. M3 Mining Ltd. aims to leverage its expertise and advanced technologies to efficiently explore and develop mining projects, contributing to the supply of essential raw materials for various industries.
How the Company Makes MoneyM3 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
10
Very Negative
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
30
Negative
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
20
Very Negative
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.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue0.000.000.000.000.00
Gross Profit0.00-195.97K-11.28K-8.40K-35.00K
EBITDA-2.06M-2.10M-2.17M-1.34M9.43K
Net Income-952.24K-2.11M-2.12M-1.35M-733.52K
Balance Sheet
Total Assets2.05M2.12M3.02M3.67M1.98M
Cash, Cash Equivalents and Short-Term Investments1.90M1.95M2.84M3.57M1.96M
Total Debt0.000.000.000.000.00
Total Liabilities81.46K291.11K267.26K230.34K1.43M
Stockholders Equity1.97M1.82M2.75M3.44M543.99K
Cash Flow
Free Cash Flow-899.40K-1.74M-1.83M-1.27M-102.55K
Operating Cash Flow0.00-1.74M-1.80M-1.22M-102.55K
Investing Cash Flow-326.000.00-43.13K-55.50K0.00
Financing Cash Flow847.77K847.85K1.11M2.88M2.06M

M3 Mining Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.03
Price Trends
50DMA
0.03
Positive
100DMA
0.04
Negative
200DMA
0.04
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
55.45
Neutral
STOCH
85.19
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:M3M, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.45 is Neutral, neither overbought nor oversold. The STOCH value of 85.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:M3M.

M3 Mining Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (43)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AURMS
77
Outperform
$2.76B7.8026.42%3.86%54.37%310.22%
AUAUC
46
Neutral
€226.98M-14.81%-150.58%
43
Neutral
AU$1.42B-6.13-40.62%4.05%-4.78%-42.91%
AUCNB
35
Underperform
AU$100.49M-27.89%55.31%
AUM3M
34
Underperform
AU$2.18M-103.28%30.00%
AUARV
32
Underperform
$15.21M-53.93%-1133.33%
AUG88
28
Underperform
AU$5.44M-31.24%30.16%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:M3M
M3 Mining Ltd.
0.03
-0.02
-40.00%
AU:AUC
Ausgold Limited
0.64
0.30
89.55%
AU:ARV
Artemis Resources
0.01
>-0.01
-16.67%
AU:RMS
Ramelius Resources Limited
2.38
0.51
27.07%
AU:CNB
Carnaby Resources Ltd.
0.44
-0.08
-15.38%
AU:G88
Golden Mile Resources Ltd.
0.01
0.00
0.00%

M3 Mining Ltd. Corporate Events

M3 Mining Ltd. Reports Promising Gold Prospects and Strategic Expansion
Apr 30, 2025

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
Apr 22, 2025

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
Apr 22, 2025

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
Apr 7, 2025

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
Apr 3, 2025

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
Feb 24, 2025

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.

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.Date of analysis: May 01, 2025