Magnum Mining and Exploration Limited (AU:MGU)
ASX:MGU
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Magnum Mining and Exploration Limited
(Sydney:MGU)
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Rating:42Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:04/10/26
The score is primarily weighed down by weak financial performance: persistent losses, volatile/limited revenue (including zero revenue in 2025), and ongoing negative operating and free cash flow. A low-debt balance sheet provides some financial flexibility, but valuation is hard to assess with a negative P/E and no dividend yield data, and there is insufficient technical data to meaningfully offset the fundamental risks.
Positive Factors
Low leverage
Zero reported debt in recent years gives the company durable financial flexibility. For a capital‑intensive explorer, minimal interest burden and lower refinancing risk help sustain operations during exploration cycles and reduce insolvency risk over the next 2–6 months.
Negative Factors
Persistent losses
Repeated annual operating and net losses erode shareholder capital and indicate the business remains pre‑commercial. Continued unprofitability limits reinvestment capacity and heightens risk that operations require substantial external funding or strategic change within the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Zero reported debt in recent years gives the company durable financial flexibility. For a capital‑intensive explorer, minimal interest burden and lower refinancing risk help sustain operations during exploration cycles and reduce insolvency risk over the next 2–6 months.
Read all positive factors
Magnum Mining and Exploration Limited (MGU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$16.07M
Dividend YieldN/A
Average Volume (3M)15.57M
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue GrowthN/A
EPS Growth-294.12%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
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 Ltd. is an enterprise dedicated to the search for and assessment of mineral deposits. The company possesses a 74% share in the Gravelotte emerald project, which is situated within South Africa's Limpopo province. Furt...
How the Company Makes Money
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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% | |
42 Neutral | AU$16.07M | -0.81 | -83.29% | ― | ― | -294.12% | |
| ― | AU$15.78M | -2.94 | -39.88% | ― | ― | ― | |
48 Neutral | AU$17.24M | -2.26 | -165.23% | ― | ― | -264.71% | |
46 Neutral | AU$18.59M | -3.40 | -57.07% | ― | ― | 49.56% | |
45 Neutral | AU$17.57M | -3.75 | -129.04% | ― | 445.43% | 47.23% | |
41 Neutral | AU$15.90M | -14.01 | -23.31% | ― | ― | 61.90% |
* Basic Materials Sector Average
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Magnum Mining and Exploration Limited Corporate Events
Magnum launches 10,000m drill campaign at Brazilian ionic clay rare earths find
Apr 9, 2026
Magnum Mining and Exploration has launched a large-scale auger drilling programme of up to 10,000 metres across 830 holes at the Piracanjuba prospect within its wholly owned Azimuth REE Project in Brazil. The campaign will use both wide and tight-...
Magnum Confirms Bonanza-Grade Gold at Parker’s Red Breccia Target in Arizona
Apr 8, 2026
Magnum Mining and Exploration has confirmed exceptionally high-grade gold mineralisation at its Parker Project in Arizona, with overlimit re-assays from the Red Breccia target returning 142 g/t and 178 g/t gold, alongside previously reported high ...
Magnum Mining Files Updated Corporate Governance Statement and Appendix 4G
Mar 31, 2026
Magnum Mining and Exploration Limited has lodged its updated corporate governance statement for the financial year ended 31 December 2025, confirming it is available via the company’s website. The board-approved statement, current as of 31 M...
Magnum Mining and Exploration Details 2025 Annual Report and AGM Arrangements
Mar 31, 2026
Magnum Mining and Exploration Ltd has released its annual report for the year ended 31 December 2025 and confirmed details of its upcoming annual general meeting. The report also outlines the company’s corporate directory, including its boar...
Magnum Mining Reports High-Grade Gold and Copper Results at Arizona’s Parker Project
Mar 24, 2026
Magnum Mining and Exploration has reported standout surface geochemical results from its Parker Project in Arizona, where systematic soil and rock-chip sampling across the Eagle Nest, Red Breccia and NSW Detachment targets returned multiple high-g...
Magnum Mining Halts Trading Ahead of Parker Project Exploration Update
Mar 22, 2026
Magnum Mining and Exploration Limited has requested and been granted a trading halt in its securities on the ASX, effective from 23 March 2026. The halt will remain in place until either the expected announcement is released or normal trading resu...
Magnum ramps up drilling at Brazil rare earths discovery to define maiden resource
Mar 18, 2026
Magnum Mining and Exploration plans to launch an auger drilling campaign of up to 10,000 metres at the Piracanjuba prospect within its Azimuth rare earths project in Brazil, aiming to test the lateral extent of mineralisation and underpin a JORC-c...
Magnum Defines Multiple Mineralised Trends and IOCG Target at Parker Project in Arizona
Mar 11, 2026
Magnum Mining and Exploration has completed geological reconnaissance, mapping and systematic surface sampling at its Parker Project in Arizona, confirming multiple mineralisation styles in a structurally favourable position along the southern con...
Magnum Mining Appoints New Director With Significant Escrowed Shareholding
Mar 9, 2026
Magnum Mining and Exploration Limited has appointed Antonio Vitor (junior) as a director, effective 10 March 2026. The company disclosed that Vitor holds 190,000,000 fully paid ordinary shares in Magnum, which are subject to escrow until 1 May 202...
Magnum Mining Adds Brazilian REE Executive to Board to Drive Azimuth Strategy
Mar 9, 2026
Magnum Mining and Exploration has proposed appointing Brazilian mining executive Antonio Vitor Junior as a non-executive director to strengthen board-level oversight of its Brazilian rare earth strategy. Vitor Junior, already the company’s i...
Magnum Flags High-Priority Gold and Copper Targets at Arizona’s Parker Project
Mar 4, 2026
Magnum Mining and Exploration has identified four high-priority gold and copper exploration targets at its Parker Gold Project in Arizona after interpreting new ultra‑high‑resolution aeromagnetic and radiometric survey data. The target...
Magnum flags large-scale ionic clay rare earth discovery in Brazil
Feb 10, 2026
Magnum Mining and Exploration has reported a potential large-scale ionic adsorption clay rare earth discovery at its 100%-owned Azimuth Project in Goiás State, Brazil, following first-pass auger drilling at the Piracanjuba targets. All 13 ini...
Magnum Mining Halts Trading Ahead of Material Brazil Exploration Update
Feb 8, 2026
Magnum Mining and Exploration Limited has requested and been granted a trading halt on its ASX-listed securities, effective from 9 February 2026, as it prepares a material exploration update on its AZ125 Project in Brazil. The halt, which will rem...
Magnum Issues Shares for Wet Mountain REE Acquisition, Flags Imminent Exploration Updates
Feb 3, 2026
Magnum Mining Exploration Limited has issued 20 million new fully paid ordinary shares as part of the consideration for its recently completed acquisition of Wyoming Critical Minerals Inc., the sole owner of the Wet Mountain Rare Earth Element Pr...
Magnum Mining and Exploration Seeks ASX Quotation for 20 Million New Shares
Feb 3, 2026
Magnum Mining and Exploration Limited has applied to the ASX for quotation of 20 million new fully paid ordinary shares under its issuer code MGU. The new securities, issued on 3 February 2026 and linked to a previously announced transaction, will...
Magnum Mining and Exploration Plans Placement of 20 Million New Shares
Feb 1, 2026
Magnum Mining and Exploration Limited has announced a proposed placement of up to 20 million new fully paid ordinary shares, with the issue scheduled for 3 February 2026. The capital raising, disclosed via an Appendix 3B filing, signals the compan...
Magnum Mining Secures High-Grade Wet Mountain REE Project in Colorado
Feb 1, 2026
Magnum Mining and Exploration has completed the acquisition of Wyoming Critical Minerals Inc., securing full ownership of the high-grade Wet Mountain Rare Earth Element Project in central Colorado. The project, which features historically reported...
Magnum Mining and Exploration Director Increases Equity Exposure Through New Option Issue
Jan 16, 2026
Magnum Mining and Exploration Limited has disclosed a change in director Michael Davy’s relevant interests, with Davy Corp Pty Ltd, an entity he solely controls, receiving 30 million listed director options. The options, issued at a nominal ...
Magnum Mining & Exploration Issues 30 Million Director Options to Related Entity
Jan 16, 2026
Magnum Mining Exploration has disclosed a change in the indirect holdings of director Leslie Pereira, with related entity Nannook Holdings Pty Ltd being issued 30 million listed director options at a nominal price of $0.00001 each. The new option...
Magnum Mining Director Increases Equity Exposure With 30 Million New Options
Jan 16, 2026
Magnum Mining Exploration Limited has disclosed a change in director Athan Lekkas’s indirect interests, with his related entity Berlurly Mining Pty Ltd receiving 30 million listed director options. The options, issued at a nominal price of ...
Magnum Mining Seeks ASX Quotation for 630 Million New Options
Jan 14, 2026
Magnum Mining and Exploration Limited has applied to the ASX for quotation of a new class of options, totaling 630,249,996 securities, to be issued on 15 January 2026. The options are linked to a previous Appendix 3B lodged on 13 October 2025, wit...
Magnum Mining Options Register Shows Highly Concentrated Ownership
Jan 14, 2026
Magnum Mining and Exploration Limited has reported the current distribution of its 2026 listed options, showing a tightly held register dominated by larger holders. As of 13 January 2026, 205 holders collectively own 630,170,378 options in the 100...
Magnum Mining and Exploration Reveals Concentration of 2026 Option Holdings
Jan 14, 2026
Magnum Mining and Exploration Limited has released an updated register of its 2026 new listed options, showing the distribution of holdings among major institutional and private investors. The top 20 option holders collectively control 53.27% of t...
Magnum Mining and Exploration Launches Large-Scale Options Prospectus to Support Capital Management
Jan 13, 2026
Magnum Mining and Exploration Limited has released an options prospectus outlining a series of offers to issue up to 630.25 million options, all exercisable at $0.015 and expiring three years from their date of issue, to participants in a recent p...
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.