Marmota Limited (MEU) AI Stock Analysis

• Market Cap: AU$171.14M
• Dividend Yield: N/A
• Average Volume (3M): 5.26M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: N/A
• EPS Growth: -275.00%
• Country: AU
• Employees: 5
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 1,180,305,800
• 10 Day Avg. Volume: 11,852,827
• 30 Day Avg. Volume: 5,256,691
• PEG Ratio: -0.09
• Price to Book (P/B): 1.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -94.42
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: AU$0.13 ▲(6.67% Upside)

The score is held back primarily by weak financial performance (minimal revenue, recurring losses, and cash burn), partially offset by a low-debt balance sheet. Technicals are a relative strength with clear upward price trend versus key moving averages, while valuation is constrained by loss-driven negative P/E and no dividend yield data.

Positive Factors

Gold Discovery

The discovery of high-grade gold at Greenewood enhances Marmota's potential for significant value creation and strengthens its market position in the gold mining industry.

Balance Sheet Health

A strong balance sheet with low debt levels provides Marmota with financial flexibility and reduces risk, supporting long-term operational stability.

Director's Share Acquisition

The director's share acquisition aligns management interests with shareholders, indicating confidence in Marmota's strategic direction and potential for growth.

Negative Factors

Cash Flow Weakness

Persistent negative cash flow indicates reliance on external funding, which could limit Marmota's ability to self-fund operations and invest in growth.

Operating Losses

Widening operating losses highlight cost pressures and limited scalability, challenging Marmota's path to profitability and sustainable growth.

Revenue Generation Challenges

The lack of significant revenue generation underscores the challenges Marmota faces in transitioning from exploration to a revenue-producing entity.

Marmota Limited Business Overview & Revenue Model

Company Description

Marmota Limited engages in the exploration of mineral properties in Australia. It explores for gold, copper, and uranium deposits. The company's flagship project is the Junction Dam uranium project located to the west of Broken Hill, Australia. Marmota Limited was incorporated in 2006 and is based in Glenelg, Australia.

How the Company Makes Money

Marmota Limited generates revenue primarily through the exploration and eventual development of mining projects. The company invests in identifying and evaluating mineral deposits, which can be developed into mining operations. Revenue is generated through the sale of discovered minerals, such as gold, uranium, and copper, once these projects are developed and operational. Additionally, Marmota may form joint ventures or partnerships with other mining companies to share exploration and development costs, which can also lead to revenue sharing arrangements. The company’s earnings are significantly influenced by commodity prices, exploration success, and its ability to efficiently bring projects from exploration to production.

Marmota Limited Financial Statement Overview

Summary

Financial quality is pressured by an early-stage, minimal-revenue profile with persistent operating losses and ongoing cash burn. The key offset is a relatively strong balance sheet with very low leverage and a growing equity base, which reduces near-term financial risk.

Income Statement

The income statement shows a pre-revenue/early-stage profile with minimal to zero sales in most years (only a very small revenue figure in FY2022–FY2023), alongside consistently negative gross profit and sizable operating losses. Losses widened materially in FY2025 (net loss ~1.7m vs ~0.4m in FY2024), indicating cost pressure and limited operating leverage. While low revenue can be normal for an exploration-stage materials company, the lack of a clear top-line ramp and the recent step-up in losses weigh heavily on quality and trajectory.

Balance Sheet

The balance sheet is a relative strength: debt is very low versus equity (debt-to-equity ~0.4% in FY2025), which reduces financial risk and provides flexibility. Equity has grown over time (roughly 9.1m in FY2020 to ~22.7m in FY2025), supporting the asset base. The key weakness is ongoing negative returns on equity driven by recurring losses (FY2025 return on equity around -7.5%), suggesting shareholder capital is being consumed rather than compounded.

Cash Flow

Cash flow is weak and volatile, with operating cash flow consistently negative every year shown and free cash flow deeply negative (about -0.45m in FY2025 after about -1.83m in FY2024). The FY2025 free cash flow burn improved sharply versus FY2024, but the business still requires external funding to sustain operations. The pattern indicates continued cash investment/overheads without corresponding revenue generation, keeping near-term self-funding capability limited.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	2.87K	1.92K	0.00
Gross Profit	-35.74K	-35.74K	-29.91K	-30.53K	-29.07K	-27.82K
EBITDA	-1.73M	-1.68M	-371.12K	-322.29K	-391.26K	-270.47K
Net Income	-1.71M	-1.71M	-401.03K	-355.70K	-422.25K	-298.29K
Balance Sheet
Total Assets	23.50M	23.50M	20.49M	19.57M	16.00M	15.46M
Cash, Cash Equivalents and Short-Term Investments	4.90M	4.90M	3.60M	4.05M	2.16M	4.13M
Total Debt	100.25K	100.25K	78.81K	57.28K	88.66K	68.60K
Total Liabilities	789.88K	789.88K	820.60K	749.79K	901.64K	488.41K
Stockholders Equity	22.71M	22.71M	19.67M	18.82M	15.10M	14.97M
Cash Flow
Free Cash Flow	-2.50M	-451.78K	-1.83M	-2.12M	-1.99M	-1.93M
Operating Cash Flow	-444.21K	-444.21K	-287.49K	-396.87K	-504.69K	-240.13K
Investing Cash Flow	-2.93M	-2.93M	-1.56M	-1.74M	-1.49M	-4.19M
Financing Cash Flow	4.67M	4.67M	1.21M	4.03M	21.79K	6.11M

Marmota Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MEU, the sentiment is Positive. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.09, and above the 200-day MA of 0.06, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 63.35 is Neutral, neither overbought nor oversold. The STOCH value of 50.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MEU.

Marmota Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MEU	55 Neutral	AU$171.14M	-93.33	-8.09%	―	―	-275.00%
DRE	50 Neutral	AU$152.35M	-5.42	-36.29%	―	―	-166.67%
GBR	49 Neutral	AU$110.47M	-20.63	-12.09%	―	―	81.03%
MSV	48 Neutral	AU$73.13M	140.00	0.85%	―	-16.97%	-94.15%
ADN	46 Neutral	AU$64.70M	-7.78	-3.86%	―	―	21.74%
HAS	45 Neutral	AU$132.01M	-0.49	-116.31%	―	―	-414.88%

Marmota Limited Corporate Events

Marmota Unveils Spectacular Gold Discovery at Greenewood

Marmota Limited has announced the results of its maiden drilling program at the Greenewood gold discovery, revealing exceptional gold grades over a 900-meter strike length. The assays indicate a nearly continuous high-grade mineralized system with bonanza gold grades close to the surface, marking one of the most significant discoveries in the Gawler Craton since 1995. This discovery could significantly enhance Marmota’s position in the gold mining industry and potentially deliver substantial value to its stakeholders.

Marmota Limited Announces Director’s Share Acquisition

Marmota Limited announced a change in the director’s interest, with Neville Bergin acquiring an additional 1,000,000 ordinary shares through the exercise of unlisted options. This transaction, approved at the November 2023 AGM, increases Bergin’s total holdings to 1,330,000 ordinary shares, reflecting the company’s ongoing commitment to aligning management interests with shareholder value.

Marmota Limited Announces Quotation of New Securities on ASX

Marmota Limited announced the quotation of 2,000,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 26, 2025. This move signifies the company’s ongoing efforts to strengthen its financial position and potentially increase its market presence, which could have implications for its stakeholders by enhancing liquidity and providing opportunities for investment.

Marmota Limited Advances Greenewood Gold Drilling Project

Marmota Limited has commenced Stage 2 of its drilling program at the Greenewood gold discovery in South Australia’s Gawler Craton. This follows the successful results from Stage 1, which revealed high-grade gold deposits. The current drilling phase plans for approximately 85 holes, aiming for a total of 8,500 meters of drilling, with operations expected to continue until the Christmas break. This advancement underscores Marmota’s strategic efforts to enhance its gold exploration and potentially increase its market positioning within the mining sector.

Marmota Limited Successfully Passes All Resolutions at AGM

Marmota Limited announced the results of its Annual General Meeting, where all proposed resolutions were passed. These included the adoption of the remuneration report, re-election of a director, ratification of share issuance, approval of a 10% placement capacity, and renewal of a partial takeover clause. The successful passing of these resolutions reflects strong shareholder support and positions the company for continued strategic initiatives.

Marmota Limited’s Financial Overview and Strategic Focus

Marmota Limited, listed on the ASX under the ticker MEU, has a market capitalization of approximately $77 million with 1,178 million shares on issue. The company reported a cash position of $3.7 million as of September 30, 2025. The top 100 shareholders hold 64% of the company, indicating a concentrated ownership structure. The board is led by Dr. Colin Rose as Executive Chairman, with a focus on exploration success, resource growth, and enhancing shareholder wealth.

Marmota Limited Initiates Stage 2 Drilling at Greenewood Gold Project

Marmota Limited has announced the commencement of Stage 2 drilling at its Greenewood gold project, following impressive results from the initial drilling phase. The new phase aims to further explore the high-grade gold intersections discovered, potentially enhancing Marmota’s position in the gold mining sector and offering promising implications for stakeholders.

Marmota Limited’s Corporate Governance Overview for 2025

Marmota Limited has outlined its corporate governance practices for the financial year ending June 2025, aligning with the ASX’s Corporate Governance Principles and Recommendations. The company acknowledges that while full adoption of these guidelines may not be practical, it remains committed to maintaining high ethical standards and accountability. The Board oversees strategic direction, risk management, and internal controls, supported by an Audit Governance and Remuneration Committee. Despite its size as a junior exploration company, Marmota emphasizes the importance of diversity and informal performance assessments, with plans for more formal evaluations as the company grows.

Marmota Limited’s Annual Report and Upcoming AGM

Marmota Limited’s Annual Report highlights the company’s adherence to industry standards in reporting exploration targets and mineral resources. The report emphasizes that while expectations are reasonable, actual results may vary due to various factors. The company reassures stakeholders that previous announcements remain valid and that further exploration is necessary to confirm potential mineral resources. Additionally, the company invites shareholders to its Annual General Meeting in Perth, providing an opportunity for engagement and discussion on future prospects.

Marmota Limited Advances Gawler Gold Project with New Mine Plan

Marmota Limited has commenced work on a Stage 1 mine plan for its Gawler Gold project, starting with the Aurora Tank. The project involves creating a Whittle optimisation input model, pit optimisation, mine design, and mine scheduling, with Orelogy Consulting Pty Ltd engaged to complete the work in approximately eight weeks. This development signifies Marmota’s acceleration in project development, leveraging its 100% ownership of gold deposits to achieve economies of scope and scale, potentially impacting its market positioning and stakeholder interests.

Marmota Limited Strikes Gold with Greenewood Discovery

Marmota Limited’s maiden drilling program at the Greenewood gold discovery has yielded exceptional results, with high-grade gold intersections and thick intervals near the surface. This discovery marks one of the most significant gold findings in the Gawler Craton since 1995, extending over a 900-meter mineralized zone, potentially enhancing Marmota’s position in the mining sector and offering promising prospects for stakeholders.

Marmota Limited Announces First Perth AGM to Engage Shareholders

Marmota Limited has announced that it will hold its 2025 Annual General Meeting (AGM) in Perth for the first time, inviting shareholders to participate in person or vote online. This move signifies Marmota’s commitment to engaging with its stakeholders and could potentially enhance its visibility and rapport within the investor community.