Magnetic Resources NL (AU:MAU)
ASX:MAU
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Magnetic Resources NL
(Sydney:MAU)
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Rating:49Neutral
Price Target:
AU$2.00
▲(6.38% Upside)
Action:ReiteratedDate:02/17/26
The score is held down primarily by weak financial performance driven by zero revenue, widening losses, and significant cash burn, despite a low-leverage balance sheet. Technicals are supportive (price above major moving averages and positive MACD) but are tempered by overbought signals. Valuation is constrained by negative earnings and no indicated dividend yield.
Positive Factors
Conservative balance sheet
Zero reported debt materially reduces near-term solvency and interest burden, giving the company structural resilience while it pursues exploration. Over a 2-6 month horizon this lowers default risk, supports ability to time capital raises, and preserves flexibility for project advancement.
Negative Factors
Heavy cash burn
Sustained negative operating and free cash flow of ~-12.1m in FY2025 indicates a high cash burn rate that is unlikely to self-fund exploration. Over months this forces recurring capital raises or partner deals, increasing dilution risk and creating execution uncertainty for ongoing programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Zero reported debt materially reduces near-term solvency and interest burden, giving the company structural resilience while it pursues exploration. Over a 2-6 month horizon this lowers default risk, supports ability to time capital raises, and preserves flexibility for project advancement.
Read all positive factors
Magnetic Resources NL (MAU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$551.02M
Dividend YieldN/A
Average Volume (3M)463.94K
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue Growth-100.00%
EPS Growth-6.00%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding295,454,530
10 Day Avg. Volume242,122
30 Day Avg. Volume463,944
Financial Highlights & Ratios
PEG Ratio-16.71
Price to Book (P/B)58.04
Price to Sales (P/S)0.00
P/FCF Ratio-33.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$4.00Price Target Upside112.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.03
Revenue Forecast (FY)N/A
Magnetic Resources NL Business Overview & Revenue Model
Company Description
Magnetic Resources NL explores mineral tenements in Western Australia. It primarily explores for gold, nickel, copper, platinum group element, and iron deposits. The company holds 100% interests in the Laverton region comprising Hawks Nest, Mt Jum...
How the Company Makes Money
Magnetic Resources NL generates revenue primarily through the exploration and potential development of mineral resources. The company's revenue model is centered around the discovery and subsequent sale or joint venture of its mining projects. Key...
Magnetic Resources NL Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 502.97K | 480.00 | 240.00K | 501.60K |
| Gross Profit | -11.91K | -12.85K | 498.46K | -27.23K | 240.00K | 501.60K |
| EBITDA | -12.03M | -14.21M | -12.34M | -7.11M | -7.63M | -8.59M |
| Net Income | -11.59M | -14.22M | -12.34M | -7.14M | -7.66M | -8.63M |
Balance Sheet | ||||||
| Total Assets | 37.48M | 8.38M | 9.74M | 4.49M | 2.55M | 7.46M |
| Cash, Cash Equivalents and Short-Term Investments | 35.40M | 7.92M | 9.22M | 4.10M | 2.03M | 6.99M |
| Total Debt | 0.00 | 0.00 | 258.82K | 220.85K | 0.00 | 14.71K |
| Total Liabilities | 1.59M | 1.40M | 885.76K | 786.79K | 372.18K | 332.81K |
| Stockholders Equity | 35.89M | 6.98M | 8.85M | 3.70M | 2.18M | 7.12M |
Cash Flow | ||||||
| Free Cash Flow | -10.11M | -12.10M | -11.37M | -5.88M | -7.59M | -6.84M |
| Operating Cash Flow | -9.23M | -12.08M | -2.04M | -1.33M | -1.13M | -1.22M |
| Investing Cash Flow | -880.25K | -209.21K | -8.83M | -4.55M | -6.47M | -5.12M |
| Financing Cash Flow | 33.91M | 10.98M | 15.99M | 7.95M | 2.63M | 9.27M |
Magnetic Resources NL Technical Analysis
Neutral
1.88
Price Trends
1.78
Positive
1.52
Positive
1.48
Positive
Market Momentum
0.02
Positive
49.41
Neutral
45.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MAU, the sentiment is Neutral. The current price of 1.88 is below the 20-day moving average (MA) of 1.95, above the 50-day MA of 1.78, and above the 200-day MA of 1.48, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 49.41 is Neutral, neither overbought nor oversold. The STOCH value of 45.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:MAU.
Magnetic Resources NL Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | AU$520.95M | 9.80 | 7.01% | 5.45% | 16.86% | 3.03% | |
73 Outperform | AU$424.00M | 3.25 | 81.38% | ― | 45.56% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$1.26B | -16.88 | -13.10% | ― | ― | 82.10% | |
52 Neutral | AU$433.45M | -10.44 | -63.51% | ― | ― | -98.20% | |
49 Neutral | AU$551.02M | -18.79 | -179.67% | ― | -100.00% | -6.00% | |
43 Neutral | AU$268.07M | -15.09 | -26.32% | ― | ― | -91.89% |
* Basic Materials Sector Average
AU:MAU
Magnetic Resources NL
1.87
0.37
24.33%
AU:ARU
Arafura Resources
0.27
0.09
50.00%
AU:JMS
Jupiter Mines Limited
0.27
0.11
69.87%
AU:SVM
Sovereign Metals Limited
0.67
-0.17
-20.71%
AU:MMI
Metro Mining Limited
0.07
0.01
18.97%
AU:CAY
Canyon Resources Limited
0.13
-0.09
-40.91%
Magnetic Resources NL Corporate Events
Magnetic Resources Advances Lady Julie Gold Project Toward Shovel-Ready Status
Jan 27, 2026
Magnetic Resources has reported multiple new thick gold intersections from aggressive deep drilling within the high-grade cores of its Lady Julie North 4 deposit, increasing confidence in the northern portion of the resource and extending minerali...
Magnetic Resources Posts Quarterly Cash Outflows but Maintains Strong Cash Position After Capital Raising
Jan 27, 2026
Magnetic Resources NL reported a cash outflow of A$1.95 million from operating activities in the December 2025 quarter, driven mainly by A$1.09 million in exploration and evaluation spending and A$0.78 million in administration and corporate costs...
Magnetic Resources Lifts Lady Julie Gold Resource to 2.24Moz with Higher Confidence
Jan 20, 2026
Magnetic Resources NL has updated the Mineral Resource Estimate for its Lady Julie Gold Project following completion of several deep diamond drill holes at the LJN4 deposit, increasing the combined project resource to 39.1 million tonnes containin...
Magnetic Resources Reaffirms Lady Julie Gold Project Assumptions and Resource Confidence
Jan 20, 2026
Magnetic Resources NL has reiterated details from its earlier work on the Lady Julie Gold Project, noting that its preliminary feasibility study demonstrates project value while drawing on a resource base comprising roughly 73% Indicated and 27% I...
Magnetic Resources Lifts Lady Julie Gold Resource Above 2.24Moz
Jan 18, 2026
Magnetic Resources has reported a significant upgrade to the Mineral Resource Estimate at its Lady Julie Gold Project near Laverton, with the combined resource now exceeding 39.1 million tonnes containing 2.24 million ounces of gold, more than 80%...
Magnetic Resources Reaffirms Resource Basis and Risks for Lady Julie Gold Project
Jan 18, 2026
Magnetic Resources NL has reiterated key outcomes from its previously released prefeasibility study (PFS) for the Lady Julie Gold Project, emphasising that its production targets and related financial forecasts are primarily underpinned by Indicat...
Magnetic Resources’ Deep Drilling Points to Larger High-Grade Gold Resource at LJN4
Jan 11, 2026
Magnetic Resources NL has reported multiple thick, high-grade gold intersections from recent diamond drilling at its LJN4 deposit within the Laverton Project, which currently hosts a 1.94-million-ounce resource and forms part of a broader 2.14-mil...
Magnetic Resources NL Announces Director’s Interest Change
Dec 9, 2025
Magnetic Resources NL has announced a change in the director’s interest notice, specifically involving Mr. Ben Donovan. The change includes the acquisition of 37,832 ordinary shares and the disposal of 750,000 unlisted options exercisable at...
Magnetic Resources NL Director Adjusts Securities Holdings
Dec 9, 2025
Magnetic Resources NL has announced a change in the director’s interest in securities. Mr. Hian Siang Chan, a director, has converted 750,000 unlisted options into 37,832 ordinary shares using the Cashless Option Method, resulting in a new h...
Magnetic Resources Announces Director’s Change in Securities Interests
Dec 9, 2025
Magnetic Resources NL has announced a change in the director’s interest, specifically involving George Sakalidis. The changes include the acquisition of 75,664 ordinary shares and the disposal of 1,500,000 unlisted options. This adjustment i...
Magnetic Resources NL Announces Director’s Interest Change
Dec 9, 2025
Magnetic Resources NL has announced a change in the director’s interest, specifically for Mr. Eric (Jin Huei) Lim. The change involved the acquisition of 37,832 ordinary shares and the disposal of 750,000 unlisted options exercisable at $1.2...
Magnetic Resources NL Issues New Shares Following Option Conversion
Dec 9, 2025
Magnetic Resources NL has issued 189,160 fully paid ordinary shares following the conversion of options exercisable at $1.20. This issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and the company conf...
Magnetic Resources NL Announces Cessation of Securities
Dec 9, 2025
Magnetic Resources NL announced the cessation of 3,560,840 securities due to the expiry of options that were not exercised or converted by the expiration date of December 6, 2025. This cessation of securities may impact the company’s capital...
Magnetic Resources NL to Quote New Securities on ASX
Dec 9, 2025
Magnetic Resources NL has announced the application for the quotation of 189,160 new ordinary fully paid securities on the Australian Securities Exchange (ASX), with an issue date of December 3, 2025. This move is part of the company’s strat...
Magnetic Resources NL Announces Promising Drilling Results at Laverton Project
Nov 24, 2025
Magnetic Resources NL has reported successful drilling results at its LJN4 site, part of the Laverton Project, revealing a significant intersection of 149.4 meters at 1.24 grams per ton of gold. The drilling has identified multiple high-grade core...
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.