Mandrake Resources Ltd (AU:MAN)
ASX:MAN
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Mandrake Resources Ltd
(Sydney:MAN)
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Rating:48Neutral
Price Target:
AU$0.02
▲(10.00% Upside)
Action:Reiterated
Date:05/16/26
The score is primarily constrained by weak profitability and persistently negative free cash flow, partially offset by a strong, debt-free balance sheet. Technicals are neutral-to-slightly positive, while valuation support is limited due to negative earnings and no dividend yield.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces financial distress risk and preserves strategic optionality for an exploration company. Over the next 2-6 months this durability lets Mandrake fund programs via equity or JV terms without interest burdens, and makes it a more attractive partner for farm-outs.
Negative Factors
Structurally negative free cash flow
Persistently negative free cash flow is a durable constraint on Mandrake's ability to self-fund exploration and advance projects toward value-realizing milestones. Continued cash consumption forces reliance on external capital, risks dilution, and can limit the scale or timing of drilling and technical programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces financial distress risk and preserves strategic optionality for an exploration company. Over the next 2-6 months this durability lets Mandrake fund programs via equity or JV terms without interest burdens, and makes it a more attractive partner for farm-outs.
Read all positive factors
Mandrake Resources Ltd (MAN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.17M
Dividend YieldN/A
Average Volume (3M)1.05M
Price to Earnings (P/E)―
Beta (1Y)0.73
Revenue GrowthN/A
EPS Growth-511.11%
CountryAU
Employees13
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding627,259,950
10 Day Avg. Volume1,827,260
30 Day Avg. Volume1,045,582
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.47
Price to Sales (P/S)16.91
P/FCF Ratio-6.74
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
Mandrake Resources Ltd Business Overview & Revenue Model
Company Description
Mandrake Resources Limited primarily focuses on the assessment and prospecting of mineral deposits. The firm actively searches for valuable reserves of gold, silver, nickel, and copper. A key holding for the company is the Jimperding project, an e...
How the Company Makes Money
Mandrake Resources does not typically generate recurring operating revenue in the way a producer or services business does. Its primary economic model is to create value by (1) acquiring and holding exploration tenements, (2) funding and executing...
Mandrake Resources Ltd Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
72
Positive
Cash Flow
33
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 664.42K | 736.58K | 402.02K | 23.68K | 0.00 |
| Gross Profit | 664.42K | 736.58K | 402.02K | 23.68K | 0.00 |
| EBITDA | -1.29M | -179.00K | -292.00K | -415.00K | -3.11M |
| Net Income | -623.71K | -198.00K | -311.00K | -560.00K | -3.11M |
Balance Sheet | |||||
| Total Assets | 23.98M | 23.88M | 23.64M | 19.87M | 19.25M |
| Cash, Cash Equivalents and Short-Term Investments | 13.25M | 14.92M | 16.81M | 16.26M | 16.06M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 102.23K | 166.80K | 138.66K | 185.26K | 367.59K |
| Stockholders Equity | 23.87M | 23.72M | 23.50M | 19.68M | 18.88M |
Cash Flow | |||||
| Free Cash Flow | -1.67M | -1.88M | -3.35M | -1.16M | -1.54M |
| Operating Cash Flow | 65.45K | 240.81K | -105.31K | -418.35K | -341.16K |
| Investing Cash Flow | -1.73M | -2.12M | -3.24M | -738.70K | -1.20M |
| Financing Cash Flow | -3.06K | -5.06K | 3.89M | 1.36M | 14.30M |
Mandrake Resources Ltd Technical Analysis
Neutral
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
49.49
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MAN, the sentiment is Neutral. 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 neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.49 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:MAN.
Mandrake Resources 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% | |
48 Neutral | AU$13.17M | -3.79 | -15.52% | ― | ― | -511.11% | |
47 Neutral | AU$13.46M | -2.65 | -167.03% | ― | ― | 2.65% | |
45 Neutral | AU$13.01M | -9.63 | -16.76% | ― | ― | -48.83% | |
44 Neutral | AU$15.91M | -11.67 | -7.09% | ― | ― | -135.48% | |
41 Neutral | AU$14.62M | -1.77 | -130.68% | ― | ― | 13.04% | |
41 Neutral | AU$12.78M | -2.42 | -202.96% | ― | ― | 41.01% |
* Basic Materials Sector Average
AU:MAN
Mandrake Resources Ltd
0.02
<0.01
16.67%
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Red Mountain Mining Ltd
0.01
<0.01
40.00%
AU:RR1
Reach Resources Limited
0.01
<0.01
30.00%
AU:CDT
Castle Minerals Limited
0.08
>-0.01
-8.43%
AU:FG1
Flynn Gold Ltd.
0.02
-0.01
-34.38%
AU:TRE
Toubani Resources Limited Registered Shs
0.41
0.12
39.66%
Mandrake Resources Ltd Corporate Events
Mandrake Advances Utah Lithium Project With U.S. DoE-Backed Study
Apr 28, 2026
Mandrake Resources reported quarterly progress at its Utah Lithium Project, which hosts an inferred resource of 3.3 million tonnes lithium carbonate equivalent, positioning it as a top-tier U.S.-domiciled lithium brine asset. Brine flow modelling ...
Mandrake escalates tenure dispute over Utah lithium claims as prices rebound
Apr 24, 2026
Mandrake Resources has moved to defend its Utah Lithium Project tenure after identifying that Utah Brine Corporation, backed by Neometals and Omaha Value, has staked around 70 unpatented placer claims that allegedly overlap Mandrake’s existi...
Mandrake Resources Confirms Lapse of 5 Million Performance Rights
Mar 9, 2026
Mandrake Resources Ltd has notified the market of the cessation of 5,000,000 performance rights, which lapsed after the underlying conditions were not met or became incapable of being satisfied as of 8 March 2026. The lapse reduces the companyR...
Mandrake Resources Files Interim Financial Report for Half-Year 2025
Mar 9, 2026
Mandrake Resources Limited has released its interim financial report for the half-year ended 31 December 2025, outlining its consolidated financial performance, position, cash flows and changes in equity. The document includes the directors’...
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.