Metalsgrove Mining Ltd. (MGA) AI Stock Analysis

• Market Cap: AU$11.20M
• Dividend Yield: N/A
• Average Volume (3M): 177.83K
• Price to Earnings (P/E): ―
• Beta (1Y): -1.39
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): N/A
• Shares Outstanding: 131,775,000
• 10 Day Avg. Volume: 265,043
• 30 Day Avg. Volume: 177,826
• PEG Ratio: 0.05
• Price to Book (P/B): 1.81
• Price to Sales (P/S): 88.18
• P/FCF Ratio: -5.51
• 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$0.09 ▲(6.25% Upside)

The score is held back primarily by weak financial performance—ongoing losses and persistent cash burn despite a strong FY2025 revenue rebound. Technicals are a meaningful offset, with the stock trading above major moving averages and positive momentum. Valuation is neutral due to missing P/E and dividend data.

Positive Factors

Revenue Growth

The significant revenue growth indicates strong market demand and successful business strategies, positioning the company for potential future profitability.

Debt-Free Balance Sheet

A debt-free balance sheet reduces financial risk and provides flexibility for future investments and strategic initiatives, enhancing long-term stability.

Strategic Exploration Expansion

Securing new exploration permits in a gold-rich region enhances the company's growth potential and resource base, potentially leading to significant value creation.

Negative Factors

Ongoing Losses

Persistent losses and negative margins indicate operational inefficiencies and cost challenges, which could hinder long-term profitability and growth.

Negative Cash Flow

Consistent negative cash flow suggests reliance on external funding, which may lead to equity dilution or asset sales, impacting shareholder value.

Shrinking Equity

Decreasing equity reflects ongoing financial strain and could limit the company's ability to invest in growth opportunities or weather economic downturns.

Metalsgrove Mining Ltd. Business Overview & Revenue Model

Company Description

MetalsGrove Mining Limited engages in the acquisition, exploration, and development of green metals for the battery and renewable energy market in Australia. It primarily explores for copper, lead, zinc, gold, lithium, tin, tantalum, manganese, and rare earth elements. The company holds interest in the Upper Coondina lithium-tin and tantalum project, which comprises a single granted exploration license covering an area of approximately 6,363 hectares located southwest of marble bar in the eastern Pilbara region of Western Australia; the Woodie Woodie North manganese project consisting of a single granted exploration license that covers an area of approximately 13,740 hectares situated in the eastern Pilbara region of Western Australia; and the Bruce gold-copper and rare earth element project covering an area of approximately 17,722 hectares located northeast of Alice Springs in Northern Territory. It also owns interest in the Box Hole base metal and rare earth project covering an area of approximately 12,708 hectares located northeast of Alice Springs in Northern Territory; and the Edwards Creek copper-gold and base metal project that includes a single granted exploration license covers an area of approximately 7,587 hectares situated north-northeast of Alice Springs in Northern Territory. The company was incorporated in 2021 and is based in West Perth, Australia.

How the Company Makes Money

Metalsgrove Mining Ltd. generates revenue primarily through the extraction and sale of mined minerals. The company's key revenue streams include selling raw mineral resources to industrial manufacturers and commodity markets that require these materials for production and technological processes. Additionally, Metalsgrove may engage in strategic partnerships or joint ventures with other mining entities or industrial companies to enhance its mining operations and expand its market reach. The company's earnings are influenced by factors such as mineral market prices, production efficiency, and the successful development of new mining sites.

Metalsgrove Mining Ltd. Financial Statement Overview

Summary

Revenue rebounded strongly in FY2025 (+61.3% YoY), but the company remains deeply loss-making (EBIT margin ~-30.9%, net margin ~-29.7%) with persistent negative operating and free cash flow. A debt-free balance sheet lowers financial risk, but shrinking equity and very negative ROE (~-61.1%) signal ongoing financial strain.

Income Statement

Revenue rebounded sharply in FY2025 (+61.3% YoY) after a flat FY2024, but profitability remains very weak. Despite a reported 100% gross profit margin, the company is deeply loss-making at the operating level (EBIT margin ~-30.9% in FY2025) and net level (net margin ~-29.7% in FY2025). Losses also appear volatile across years (net loss widened materially in FY2024, then improved in FY2025), suggesting limited earnings stability and ongoing cost/scale challenges.

Balance Sheet

The balance sheet is conservatively structured with no debt reported (debt-to-equity 0.0 across all periods), which reduces financial risk and provides flexibility. However, equity has declined over time (from ~8.34M in FY2022 to ~3.95M in FY2025), consistent with continued losses, and returns to shareholders are meaningfully negative (return on equity ~-61.1% in FY2025). Net-net, low leverage is a clear strength, but shrinking equity and negative returns are key weaknesses.

Cash Flow

Cash generation remains pressured: operating cash flow is negative in every year shown (FY2025 operating cash flow about -0.90M), and free cash flow is also consistently negative (FY2025 about -1.30M). While free cash flow burn improved versus FY2024 (less negative), the company is still funding ongoing cash outflows, which can drive further equity dilution or asset drawdowns if sustained. The consistency of negative operating cash flow is the main concern.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	81.29K	81.29K	50.39K	76.36K	5.14K
Gross Profit	81.29K	81.29K	50.39K	76.36K	5.14K
EBITDA	-935.61K	-2.51M	-475.31K	-706.88K	-340.18K
Net Income	-2.41M	-2.41M	-3.35M	-871.21K	-970.63K
Balance Sheet
Total Assets	4.07M	4.07M	6.41M	8.38M	8.99M
Cash, Cash Equivalents and Short-Term Investments	1.38M	1.38M	2.69M	3.10M	6.69M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	123.69K	123.69K	129.40K	698.51K	645.60K
Stockholders Equity	3.95M	3.95M	6.28M	7.68M	8.34M
Cash Flow
Free Cash Flow	-1.30M	-1.30M	-2.48M	-2.97M	-222.49K
Operating Cash Flow	-904.49K	-904.49K	-1.03M	-639.45K	-62.20K
Investing Cash Flow	-397.68K	-397.69K	-1.45M	-2.41M	-160.29K
Financing Cash Flow	0.00	0.00	2.07M	-535.36K	11.69M

Metalsgrove Mining Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MGA, the sentiment is Positive. The current price of 0.08 is below the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.08, and above the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 42.28 is Neutral, neither overbought nor oversold. The STOCH value of -13.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MGA.

Metalsgrove Mining Ltd. 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%
MGA	55 Neutral	AU$11.20M	―	―	―	―	―
MRD	49 Neutral	AU$43.73M	-10.67	-106.64%	―	―	-36.36%
AIV	47 Neutral	AU$5.98M	-4.58	-38.30%	―	―	61.60%
KLR	45 Neutral	AU$23.58M	-51.61	―	―	―	―
SLZ	43 Neutral	AU$8.78M	-0.63	-78.12%	―	―	-349.06%
PRL	38 Underperform	AU$8.27M	-5.00	-26.98%	―	―	4.35%

Metalsgrove Mining Ltd. Corporate Events

MetalsGrove Begins Gold Exploration Program in Côte d’Ivoire

MetalsGrove Mining Limited has launched exploration activities on a gold project in Côte d’Ivoire, outlining the program in an investor presentation that provides general background on its operations and projects. The document, framed by extensive disclaimers on liability and forward-looking statements, positions the exploration as part of the company’s broader growth strategy while emphasising that the material is informational only and not an offer or investment advice, underscoring the early-stage and uncertain nature of the project’s economic outcomes.

The most recent analyst rating on (AU:MGA) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Metalsgrove Mining Ltd. stock, see the AU:MGA Stock Forecast page.

MetalsGrove Calls January 2026 General Meeting, Moves to Online Meeting Materials and Proxy Lodgement

MetalsGrove Mining Limited has called an in‑person general meeting of shareholders to be held on 30 January 2026 in Mount Hawthorn, Western Australia, with key meeting documents, including the notice of meeting and explanatory memorandum, made available online via the company’s website and ASX announcements platform in line with Australian corporate law requirements. The company has outlined detailed instructions for shareholders to lodge proxy votes electronically or via traditional channels and noted that any changes to meeting arrangements will be communicated through the ASX and its website, underscoring its focus on compliance, transparency and facilitating shareholder participation in corporate decision-making.

The most recent analyst rating on (AU:MGA) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Metalsgrove Mining Ltd. stock, see the AU:MGA Stock Forecast page.

MetalsGrove Mining Bolsters Capital with Share Issuance

MetalsGrove Mining Ltd. has issued over 26 million fully paid ordinary shares as part of the first tranche of a placement announced earlier in December 2025. The placement was carried out in compliance with ASX regulations and the Corporations Act, with no additional disclosures deemed necessary by the company. This share issuance is expected to strengthen MetalsGrove’s capital base, supporting its operational and growth objectives in the resource development sector.

Metalsgrove Mining Ltd Applies for Quotation of 26.4 Million Securities on ASX

Metalsgrove Mining Ltd has announced the application for quotation of 26,355,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This development represents a critical step in the company’s efforts to enhance its market position and provide shareholders with increased liquidity, potentially contributing to its growth and operational strategy within the mining sector.

MetalsGrove Mining Secures Vavoua Permit in Côte d’Ivoire, Plans Soil Sampling

MetalsGrove Mining Limited announced the granting of the Vavoua permit, one of its four gold joint venture permits in central-west Côte d’Ivoire. This permit covers a highly prospective area known for its potential in gold mineralization, strategically located near the Abujar gold mine. The company plans to initiate a soil sampling program to explore the potential for significant gold discoveries, leveraging favorable geological settings and existing anomalous gold trends in neighboring areas. This development is expected to enhance MetalsGrove’s positioning in the gold mining industry and potentially deliver significant value to stakeholders.

MetalsGrove Mining Secures $2.7 Million for Côte d’Ivoire Gold Exploration

MetalsGrove Mining Ltd has successfully secured $2.7 million through an oversubscribed placement to fund its gold exploration activities in Côte d’Ivoire. The funds will enable the company to initiate and accelerate exploration programs, including geochemical surveys and drilling campaigns, across its newly acquired and existing permits. This financial boost is expected to strengthen MetalsGrove’s balance sheet and enhance its strategic positioning in the region, potentially leading to significant resource development and value creation for stakeholders.

MetalsGrove Mining Ltd Initiates Trading Halt for Capital Raise and Land Acquisition

MetalsGrove Mining Ltd (ASX: MGA) has requested a trading halt on its securities pending an announcement regarding a proposed capital raise and land acquisition. This trading halt will remain in effect until the earlier of the commencement of normal trading on December 11, 2025, or the release of the anticipated announcement. The halt is intended to provide the market with time to consider the implications of the forthcoming announcement, which could significantly impact the company’s operations and market positioning.

MetalsGrove Mining Announces Director’s Acquisition of Unlisted Options

MetalsGrove Mining Limited announced a change in the director’s interest, with Peter Ledwidge acquiring 900,000 unlisted options with varying exercise prices, set to expire in November 2028. This issuance of options was approved by shareholders at the company’s recent Annual General Meeting, indicating a strategic move to align the director’s interests with the company’s long-term goals.

Metalsgrove Mining Ltd Issues New Unquoted Equity Securities

Metalsgrove Mining Ltd announced the issuance of unquoted equity securities, including 3,000,000 performance rights and 3,600,000 unlisted options, as part of an employee incentive scheme. This move is likely to impact the company’s operational strategies by aligning employee interests with corporate goals, potentially enhancing productivity and stakeholder value.

MetalsGrove Mining Ltd. AGM Resolutions Passed Successfully

MetalsGrove Mining Ltd. announced that all resolutions proposed at its Annual General Meeting on November 19, 2025, were passed by shareholders. The resolutions included the adoption of the remuneration report, re-election and election of directors, renewal of the employee securities incentive plan, and the issuance of securities to key individuals. The successful passing of these resolutions indicates strong shareholder support and is likely to positively impact the company’s governance and strategic initiatives.

MetalsGrove Expands Gold Exploration in Côte d’Ivoire

MetalsGrove Mining Limited has announced the development of a highly prospective gold exploration asset in Côte d’Ivoire. This move is expected to enhance the company’s position in the mining industry by expanding its exploration footprint and potentially increasing its resource base, which could have significant implications for its stakeholders.

MetalsGrove Mining Reports Quarterly Cash Flow Results

MetalsGrove Mining Ltd. reported a net cash outflow from operating activities of $308,000 for the quarter ending September 2025, primarily due to staff and administrative costs. The company also recorded a cash outflow of $44,000 from investing activities, related to exploration and evaluation expenses. No cash flow was reported from financing activities, leaving the company with a decrease in cash and cash equivalents for the period.

MetalsGrove Advances Gold Exploration Strategy in Côte d’Ivoire

MetalsGrove Mining Limited has continued its efforts to secure three exploration permits in central-west Côte d’Ivoire, a region known for its gold potential, located near the Abujar gold mine. The acquisition of these permits is a strategic move to enhance the company’s presence in this premier gold district, with plans to initiate a technically driven exploration program once permits are granted. The appointment of Peter Ledwidge as Chair, with his extensive regional experience, is expected to support these exploration activities and maximize value creation.

MetalsGrove Mining Ltd. Announces Annual General Meeting

MetalsGrove Mining Ltd. has announced its Annual General Meeting scheduled for November 19, 2025, in West Perth, Western Australia. The company encourages shareholders to participate in the meeting or submit proxy forms if unable to attend. This meeting will address key business matters and decisions impacting the company’s operations and governance.