Want to see AU:MGU full AI Analyst Report?
Top Page
Magnum Mining and Exploration Limited
(Sydney:MGU)
Select Model
Select Model
Rating:45Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily constrained by weak financial performance—ongoing losses, zero/volatile revenue, and persistent negative operating/free cash flow implying continued funding needs—partially offset by low leverage and a relatively stronger balance sheet. Technical and valuation assessments are limited by missing indicators and a negative P/E, keeping the overall score in the lower range.
Positive Factors
Low leverage / no debt
Zero reported debt in 2024–2025 materially lowers solvency and refinancing risk, giving management flexibility to allocate capital toward exploration and development. Over 2–6 months this reduces near-term liquidity pressure and extends runway compared with indebted peers.
Negative Factors
Persistent unprofitability
Consistent negative EBIT and net losses indicate the company remains unprofitable and not yet generating operating returns. Over several months this erodes equity, limits reinvestment capacity, and forces management to prioritize financing or cost cuts rather than growth or development milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / no debt
Zero reported debt in 2024–2025 materially lowers solvency and refinancing risk, giving management flexibility to allocate capital toward exploration and development. Over 2–6 months this reduces near-term liquidity pressure and extends runway compared with indebted peers.
Read all positive factors
Magnum Mining and Exploration Limited (MGU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$25.70M
Dividend YieldN/A
Average Volume (3M)15.57M
Price to Earnings (P/E)―
Beta (1Y)1.48
Revenue GrowthN/A
EPS Growth-294.12%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,213,037,000
10 Day Avg. Volume14,384,809
30 Day Avg. Volume15,574,234
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.63
Price to Sales (P/S)2383.18
P/FCF Ratio-3.40
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
Magnum Mining and Exploration Limited Business Overview & Revenue Model
Company Description
Magnum Mining and Exploration Limited engages in the exploration and evaluation of mineral properties in Australia and the United States. The company’s flagship project includes the Buena Vista magnetite iron ore project located in Nevada, United ...
How the Company Makes Money
null...
Magnum Mining and Exploration Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
68
Positive
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.97K | 114.28K | 5.78K | 33.65K | 29.00 |
| Gross Profit | 2.97K | 114.28K | 5.78K | 165.16K | 29.00 |
| EBITDA | -2.96M | -1.90M | -3.19M | -3.89M | -5.75M |
| Net Income | -9.43M | -1.98M | -3.31M | -4.89M | -8.24M |
Balance Sheet | |||||
| Total Assets | 12.33M | 10.75M | 12.55M | 12.57M | 10.38M |
| Cash, Cash Equivalents and Short-Term Investments | 5.86M | 405.26K | 2.64M | 5.01M | 4.42M |
| Total Debt | 0.00 | 0.00 | 287.05K | 751.53K | 0.00 |
| Total Liabilities | 1.11M | 910.00K | 868.98K | 1.25M | 596.30K |
| Stockholders Equity | 11.22M | 9.84M | 11.68M | 11.32M | 10.26M |
Cash Flow | |||||
| Free Cash Flow | -2.09M | -2.37M | -5.18M | -4.83M | -5.21M |
| Operating Cash Flow | -2.09M | -1.83M | -3.22M | -3.21M | -1.93M |
| Investing Cash Flow | -1.14M | -500.48K | -1.95M | -1.81M | -3.34M |
| Financing Cash Flow | 8.74M | 0.00 | 2.78M | 5.84M | 9.60M |
Magnum Mining and Exploration Limited 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% | |
49 Neutral | AU$18.19M | -3.00 | -129.04% | ― | 445.43% | 47.23% | |
47 Neutral | AU$21.29M | -2.26 | -165.23% | ― | ― | -264.71% | |
46 Neutral | AU$17.55M | -2.98 | -57.07% | ― | ― | 49.56% | |
45 Neutral | AU$25.70M | -1.19 | -83.29% | ― | ― | -294.12% | |
28 Underperform | AU$15.78M | -3.00 | -39.88% | ― | ― | ― |
* Basic Materials Sector Average
AU:MGU
Magnum Mining and Exploration Limited
0.01
0.00
0.00%
AU:ADY
Admiralty Resources NL
0.01
0.00
0.00%
AU:BUX
Buxton Resources Limited
0.04
0.01
44.44%
AU:SVY
Stavely Minerals Ltd
0.02
<0.01
30.77%
AU:USC
Gladiator Resources Limited
0.02
<0.01
50.00%
Magnum Mining and Exploration Limited Corporate Events
Magnum Confirms Large Ionic Clay Rare Earth System at Piracanjuba North
Aug 5, 2026
Magnum Mining and Exploration has reported a third batch of assays from its Azimuth REE Project at Piracanjuba North in Goiás, Brazil, with all 92 new auger holes returning anomalous total rare earth oxide values. The latest results, spanning...
Magnum Director Boosts Indirect Shareholding via On-Market Purchase
Aug 4, 2026
Magnum Mining and Exploration Limited has disclosed a change in director Antonio Vitor Junior’s interests, with his controlled entity Beko Invest Ltd increasing its stake in the company. The on-market purchase of 35,500,000 fully paid ordina...
Magnum accelerates Brazil rare earth drilling as U.S. projects advance
Jul 31, 2026
Magnum Mining Exploration reported strong June-quarter progress, driven by a major 10,000m drilling campaign at its Piracanjuba ionic adsorption clay rare earth discovery in Brazil. All 122 auger holes reported to date returned anomalous total ra...
Magnum completes Palmares REE drilling as Azimuth programme advances
Jul 29, 2026
Magnum Mining and Exploration Limited has completed its reverse circulation drilling programme at the 100%-owned Palmares rare earths project in Brazil, finishing 75 holes for 1,145m and about 30% under the revised budget. The campaign focused on ...
Magnum Steps Up Drilling on Confirmed Brazilian Rare Earth Discovery
Jul 15, 2026
Magnum Mining and Exploration has confirmed a large-scale ionic adsorption clay rare earth element discovery in Brazil and is now conducting systematic drilling to define the mineralised footprint. The Piracanjuba IAC REE opportunity is characteri...
Magnum Mining Plans Issue of 5 Million New Performance Rights
Jul 13, 2026
Magnum Mining and Exploration Limited has notified the ASX of a proposed issue of securities in the form of performance rights. The company plans to issue up to 5,000,000 new performance rights as part of a placement or other type of securities is...
Magnum taps rare earths veteran Jack Lifton to steer Piracanjuba growth
Jul 12, 2026
Magnum Mining and Exploration has appointed renowned rare earths specialist and veteran chemical engineer Jack Lifton as its REE Business Development Manager, as it advances the Piracanjuba North ion adsorption clay rare earths prospect. The compa...
Magnum expands Piracanjuba North rare earth footprint as drilling accelerates in Brazil
Jul 8, 2026
Magnum Mining and Exploration has reported a second batch of drill assays from the Piracanjuba North area of its Azimuth REE Project, confirming anomalous total rare earth oxide mineralisation in all 122 holes drilled to date. The results show sha...
Magnum Mining Director Restructures Holding via Off-Market Share Transfer
Jul 5, 2026
Magnum Mining and Exploration Limited has disclosed a change in director Antonio Vitor Junior’s interests in the company’s securities, in line with ASX reporting requirements. Antonio transferred his direct holding of 190,000,000 fully...
Magnum advances Parker gold-copper project toward first drilling in Arizona
Jun 22, 2026
Magnum Mining and Exploration has advanced its Parker Gold-Copper Project in Arizona from historical surface work into a ranked pipeline of drill-ready structural targets. The company integrated reprocessed airborne magnetics, radiometrics and VOX...
Magnum maps 3.3 km² rare earth footprint at Colorado’s Wet Mountain project
Jun 17, 2026
Magnum Mining and Exploration has completed reprocessing and interpretation of airborne magnetic and radiometric data over its Wet Mountain rare earths project in Colorado, defining an approximate 3.3 km² equivalent thorium radiometric footpr...
Magnum drilling confirms extensive near-surface rare earths at Brazilian Piracanjuba project
Jun 9, 2026
Magnum Mining and Exploration has reported that the first 24 auger holes in its 10,000m drilling program at the PN-04 area of the Piracanjuba North target in Brazil all intersected near-surface rare earth mineralisation. The early assays show tota...
Magnum boosts Brazilian rare earth footprint with new Piracanjuba permits
Jun 3, 2026
Magnum Mining and Exploration has significantly expanded its landholding around the Piracanjuba ionic adsorption clay rare earth discovery in Goiás, Brazil, after the national regulator granted 14 new three-year exploration permits. The addit...
Magnum Moves Toward U.S. OTC Listing as Americas Rare Earth and Copper-Gold Projects Advance
Jun 2, 2026
Magnum Mining and Exploration has completed its OTCIQ submissions and expects its shares to begin trading on the U.S. OTCID market under the symbol MGUFF, complementing its primary ASX listing. The move is designed to improve access for U.S. inves...
Magnum accelerates drilling at Brazil rare earths discovery ahead of resource estimate
Jun 1, 2026
Magnum Mining and Exploration is advancing systematic auger drilling at its Piracanjuba North target within the Azimuth rare earths project in Brazil, completing 161 holes over a 7.4 square kilometre priority area and submitting 14 sample batches ...
Magnum Mining Grants Performance Rights to Managing Director
May 28, 2026
Magnum Mining Exploration has updated the market on a change in managing director Antonio Vitor Junior’s interests, following the issue of 60 million performance rights expiring in May 2029. The award forms part of a performance-based equit...
Magnum Mining Wins Strong Shareholder Backing at 2026 AGM
May 28, 2026
Magnum Mining and Exploration Limited reported that all resolutions put to its Annual General Meeting of shareholders held on 28 May 2026 were passed by poll without amendment. The resolutions included the adoption of the remuneration report, the ...
Magnum Refocuses on High-Impact Critical Minerals Exploration in Brazil and U.S.
May 28, 2026
Magnum Mining and Exploration has undertaken a strategic reset under its refreshed board, shifting capital and focus away from further development of the Buena Vista project toward an exploration-led growth strategy centered on high-impact rare ea...
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.