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Magnetic Resources NL
(Sydney:MAU)
Magnetic Resources NL (MAU) vs. iShares MSCI Australia ETF (EWA)
Magnetic Resources NL Business Overview & Revenue Model
Magnetic Resources NL Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 502.97K | 480.00 | 240.00K | 501.60K | 2.86K |
| Gross Profit | -2.52K | 498.46K | -27.23K | 240.00K | 501.60K | 2.86K |
| EBITDA | -14.06M | -12.34M | -7.11M | -7.63M | -8.64M | -4.68M |
| Net Income | -14.01M | -12.34M | -7.14M | -7.66M | -8.63M | -4.63M |
Balance Sheet | ||||||
| Total Assets | 12.20M | 9.74M | 4.49M | 2.55M | 7.46M | 4.44M |
| Cash, Cash Equivalents and Short-Term Investments | 11.61M | 9.22M | 4.10M | 2.03M | 6.99M | 4.06M |
| Total Debt | 0.00 | 258.82K | 220.85K | 0.00 | 14.71K | 14.71K |
| Total Liabilities | 553.96K | 885.76K | 786.79K | 372.18K | 332.81K | 333.74K |
| Stockholders Equity | 11.64M | 8.85M | 3.70M | 2.18M | 7.12M | 4.11M |
Cash Flow | ||||||
| Free Cash Flow | -13.87M | -11.37M | -5.88M | -7.59M | -6.84M | -4.07M |
| Operating Cash Flow | -4.34M | -2.04M | -1.33M | -1.13M | -1.22M | -952.88K |
| Investing Cash Flow | -9.03M | -8.83M | -4.55M | -6.47M | -5.12M | -3.11M |
| Financing Cash Flow | 20.61M | 15.99M | 7.95M | 2.63M | 9.27M | 3.37M |
Magnetic Resources NL Technical Analysis
Magnetic Resources NL Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $402.01M | 9.45 | 8.40% | 7.32% | ― | ― | |
53 Neutral | AU$432.97M | ― | -87.03% | ― | 30.32% | -22.58% | |
46 Neutral | $455.90M | ― | -33.33% | ― | ― | 65.19% | |
43 Neutral | AU$1.42B | -6.13 | -40.62% | 4.05% | -4.78% | -42.91% | |
42 Neutral | AU$443.15M | ― | -77.74% | ― | ― | -654.93% | |
41 Neutral | AU$402.51M | ― | -179.51% | ― | -100.00% | -27.86% | |
26 Underperform | AU$460.77M | ― | -33.55% | ― | ― | -175.00% |
Magnetic Resources NL Corporate Events
Magnetic Resources NL announced an increase in gold resources at its Lady Julie Gold Project, indicating a positive update for the project’s development. The company has demonstrated that the project’s financial viability is not heavily reliant on Inferred Mineral Resources, with plans for further drilling to convert these to Indicated Mineral Resources, thereby strengthening its market position and potential stakeholder confidence.
The most recent analyst rating on (AU:MAU) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Magnetic Resources NL stock, see the AU:MAU Stock Forecast page.
Magnetic Resources NL has announced the appointment of Aaron Sim Kwang Liang as a director, effective June 3, 2025. The announcement includes details of his initial interest in the company, which consists of holding 4,087,716 fully paid ordinary shares. This appointment is part of the company’s ongoing efforts to strengthen its leadership team, potentially impacting its strategic direction and stakeholder engagement.
The most recent analyst rating on (AU:MAU) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Magnetic Resources NL stock, see the AU:MAU Stock Forecast page.
Magnetic Resources NL has appointed Mr. Aaron Sim Kwang Liang as an alternate director to Mr. Hian Siang Chan. Mr. Sim, with over 25 years of experience in financial advisory, is expected to bring valuable expertise in corporate and wealth management solutions to the company, potentially enhancing its strategic positioning in the industry.
The most recent analyst rating on (AU:MAU) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Magnetic Resources NL stock, see the AU:MAU Stock Forecast page.
Magnetic Resources NL has retracted a previous statement regarding a potential production target of over 150,000 ounces per year for up to 10 years, as it currently lacks a basis for such an underground mining scenario. The company is continuing to advance its feasibility study, which will provide more concrete data for future planning, impacting its operational strategies and investor expectations.
The most recent analyst rating on (AU:MAU) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Magnetic Resources NL stock, see the AU:MAU Stock Forecast page.
Magnetic Resources NL announced a change in the director’s interest, with Mr. Hian Siang Chan exercising unlisted options to acquire additional ordinary shares. This change reflects an increase in Mr. Chan’s shareholding, indicating confidence in the company’s future prospects and potentially impacting stakeholder perceptions positively.
The most recent analyst rating on (AU:MAU) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Magnetic Resources NL stock, see the AU:MAU Stock Forecast page.
Magnetic Resources NL has issued 1,506,296 fully paid ordinary shares following the conversion of options at $0.68 each. The company confirms compliance with relevant sections of the Corporations Act and states there is no excluded information that needs disclosure, ensuring transparency and adherence to regulatory standards.
The most recent analyst rating on (AU:MAU) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Magnetic Resources NL stock, see the AU:MAU Stock Forecast page.
Magnetic Resources NL announced the cessation of 45,186 securities, specifically options that expired on May 10, 2025, without being exercised or converted. This development may impact the company’s capital structure and could have implications for stakeholders regarding the company’s future financial strategies and market positioning.
The most recent analyst rating on (AU:MAU) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Magnetic Resources NL stock, see the AU:MAU Stock Forecast page.
Magnetic Resources NL has announced the application for quotation of 1,506,296 ordinary fully paid securities on the Australian Securities Exchange, effective from May 13, 2025. This move is part of the company’s strategic efforts to enhance its market presence and provide additional liquidity for its stakeholders, potentially impacting its operational capabilities and industry positioning positively.
The most recent analyst rating on (AU:MAU) stock is a Buy with a A$2.53 price target. To see the full list of analyst forecasts on Magnetic Resources NL stock, see the AU:MAU Stock Forecast page.
Magnetic Resources NL has reported significant progress in its LJN4 deposit, with an increase in resource size and potential for further expansion at depth. Recent drilling results have highlighted new high-grade zones, prompting a feasibility study to explore both open cut and underground mining operations. The company is in discussions with potential mining partners and financiers, indicating promising economic prospects for its Lady Julie Gold Project.
Magnetic Resources NL has reported its quarterly cash flow, highlighting a net cash outflow from operating activities amounting to $2.448 million for the current quarter and $9.769 million for the year to date. The company also reported a net cash inflow from financing activities of $64,000 for the quarter, contributing to a year-to-date total of $9.98 million. These financial movements indicate the company’s ongoing investment in exploration and evaluation, supported by financing efforts to sustain its operations and growth ambitions.
Magnetic Resources NL has reported strong metallurgical results from its LJN4 deposit, showcasing a significant improvement in gold recovery rates. The optimized flotation circuit achieved a 97.5% recovery rate, a notable increase from the conventional gravity/leach method. This advancement is particularly promising given the potential resource expansion in the central and northern high-grade core zones. Additionally, the company has successfully extended its two-stage flotation and fine grinding process to other non-oxide composites, resulting in reduced capital and operational expenditures due to smaller equipment requirements.