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Magnum Mining and Exploration Limited
(Sydney:MGU)
Magnum Mining and Exploration Limited (MGU) vs. iShares MSCI Australia ETF (EWA)
Magnum Mining and Exploration Limited Business Overview & Revenue Model
Magnum Mining and Exploration Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 114.28K | 5.78K | 33.65K | 29.00 | 2.15K |
| Gross Profit | -377.00 | 114.28K | 5.78K | 165.16K | 29.00 | 1.56K |
| EBITDA | -1.65M | -1.90M | -3.19M | -3.89M | -5.75M | -450.68K |
| Net Income | -1.84M | -1.98M | -3.31M | -4.89M | -8.24M | -718.64K |
Balance Sheet | ||||||
| Total Assets | 13.60M | 10.75M | 12.55M | 12.57M | 10.38M | 2.65M |
| Cash, Cash Equivalents and Short-Term Investments | 1.04M | 405.26K | 2.64M | 5.01M | 4.42M | 368.00K |
| Total Debt | 0.00 | 0.00 | 287.05K | 751.53K | 0.00 | 163.19K |
| Total Liabilities | 2.17M | 910.00K | 868.98K | 1.25M | 596.30K | 363.79K |
| Stockholders Equity | 11.43M | 9.84M | 11.68M | 11.32M | 10.26M | 2.67M |
Cash Flow | ||||||
| Free Cash Flow | -1.13M | -2.37M | -5.18M | -4.83M | -5.21M | -559.61K |
| Operating Cash Flow | -604.02K | -1.83M | -3.22M | -3.21M | -1.93M | -557.19K |
| Investing Cash Flow | -369.37K | -500.48K | -1.95M | -1.81M | -3.34M | -27.42K |
| Financing Cash Flow | 1.05M | 0.00 | 2.78M | 5.84M | 9.60M | 636.05K |
Magnum Mining and Exploration Limited Peers Comparison
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% | |
54 Neutral | AU$90.26M | -19.09 | -4.27% | ― | ― | 86.51% | |
51 Neutral | AU$28.14M | -5.67 | -122.97% | ― | ― | 24.25% | |
49 Neutral | AU$21.42M | -9.09 | -6.61% | ― | ― | ― | |
48 Neutral | AU$16.29M | -56.67 | -2.80% | ― | ― | -107.50% | |
46 Neutral | AU$12.77M | -4.46 | -54.84% | ― | ― | -474.07% | |
44 Neutral | AU$19.16M | -5.26 | -15.96% | ― | ― | 20.83% |
Magnum Mining and Exploration Limited Corporate Events
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, with the company confirming that no further securities will be issued under that earlier filing, clarifying its current capital structure and potentially influencing investor perception of future dilution and funding capacity.
The most recent analyst rating on (AU:MGU) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Magnum Mining and Exploration Limited stock, see the AU:MGU Stock Forecast page.
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 100,001-and-above range, representing virtually all of the 630,249,996 options on issue, with only one small holder in the 10,001–100,000 band and no holders below that level, highlighting a highly concentrated options ownership structure.
The most recent analyst rating on (AU:MGU) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Magnum Mining and Exploration Limited stock, see the AU:MGU Stock Forecast page.
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 the 2026 series, with UBS Nominees Pty Ltd as the largest single holder at 4.96%, while the remaining 46.73% is spread across other investors, indicating a relatively diversified ownership base for these options that may influence future liquidity and shareholder dynamics.
The most recent analyst rating on (AU:MGU) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Magnum Mining and Exploration Limited stock, see the AU:MGU Stock Forecast page.
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 placement, joint lead managers, assisting brokers, and company directors. The prospectus is structured as a transaction-specific document under section 713 of the Corporations Act and is primarily intended to remove trading restrictions on the new options and facilitate secondary trading of shares issued upon exercise, underscoring Magnum’s efforts to enhance liquidity in its securities and support ongoing capital management activities without imposing immediate cash outlay on investors.
The most recent analyst rating on (AU:MGU) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Magnum Mining and Exploration Limited stock, see the AU:MGU Stock Forecast page.
Magnum Mining and Exploration has resumed drilling at its Palmares and Azimuth rare earth projects in Brazil following a planned shutdown, reporting that both programs remain under budget and are ramping up in early 2026. At the Feirinha prospect within Palmares, the company has completed 15 shallow reverse circulation holes (225 metres) as part of a 143-hole program aimed at defining near-surface REE mineralisation that could underpin a low-cost discovery, with 24-hour drilling by two crews expected to accelerate progress and initial assay results due by the end of January. Previous trench and rock sampling at Feirinha has indicated high-grade TREO values, including elevated terbium and dysprosium, reinforcing its strategic potential in a market where China dominates supply. At Azimuth’s Piracanjuba prospect, 13 auger holes totalling 155 metres have been drilled, with deeper holes targeting clay-rich horizons associated with REE mineralisation, assays now with the laboratory, and a second auger rig set to speed up the campaign under the guidance of Magnum’s in-country manager and major shareholder Antonio Vitor, potentially strengthening the company’s position in Brazil’s emerging rare earth sector.
The most recent analyst rating on (AU:MGU) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Magnum Mining and Exploration Limited stock, see the AU:MGU Stock Forecast page.
Magnum Mining and Exploration has completed an ultra‑high resolution helicopter-based aeromagnetic and radiometric survey over its Parker Gold and La Cienega copper‑gold projects in Arizona, generating far more detailed subsurface data than existing geological mapping and positioning the company to refine its understanding of these highly prospective systems. Once final processed survey results are received in about four weeks, Magnum plans to launch an extensive surface program at Parker, including systematic soil sampling and targeted rock-chip sampling over known mineralised structures and alteration zones, to delineate geochemical anomalies and prioritise drill targets, potentially advancing the projects toward a more defined exploration and development pathway.
Magnum Mining & Exploration Limited has disclosed a change in director Michael Davy’s interests, with his associated entity Davy Corp Pty Ltd receiving 25 million performance rights. The non-cash issuance, valued at approximately $127,733 effective 4 November 2025, was made under the company’s Board Performance Plan following shareholder approval on 22 December 2025, further aligning the director’s incentives with shareholder outcomes through equity-based remuneration.
Magnum Mining & Exploration Limited has disclosed a change in director Leslie Pereira’s relevant interests, with 25 million performance rights issued indirectly to his related entity Nannook Holdings Pty Ltd under the company’s Board Performance Plan, following shareholder approval on 22 December 2025. The non-cash issuance, valued at approximately $127,733 effective 4 November 2025, increases Pereira’s exposure to the company through performance-linked securities while leaving his existing holding of 31,050,050 ordinary shares (via Carmine Lion Group Pty Ltd) unchanged, highlighting ongoing alignment of executive incentives with shareholder interests.
Magnum Mining & Exploration Limited has disclosed a change in director Athan Lekkas’s interests, with his related entity Berlurly Mining Pty Ltd receiving 25,000,000 performance rights. The non-cash securities were issued under the company’s Board Performance Plan following shareholder approval in late December 2025, increasing Berlurly Mining’s total holding to 66,666,666 ordinary shares and 25,000,000 performance rights and further aligning the director’s incentives with shareholder outcomes.
Magnum Mining and Exploration Limited has notified the market that it has issued 75 million unquoted performance rights, a new class of unlisted equity securities, under its ASX code MGU. The issuance of these performance rights, which are not intended to be quoted on the ASX, signals a significant expansion of the company’s unquoted equity base and may form part of its broader capital management or incentive structures, with potential implications for future dilution and alignment of management or stakeholder interests depending on how the rights vest and are ultimately exercised.
Magnum Mining & Exploration Limited has raised approximately A$3.1 million through the issue of 388.9 million new fully paid ordinary shares at A$0.008 per share under a shareholder-approved placement, with the securities issued without a prospectus in accordance with Australian Corporations Act provisions. The company, which confirms it is up to date with its financial reporting and continuous disclosure obligations, says it is continuing to identify and review complementary commercial opportunities at an early and confidential stage, signaling potential future strategic transactions while committing to keep the market informed.
Magnum Mining and Exploration Limited has applied to the ASX for quotation of 388,910,053 ordinary fully paid shares, with an issue date of 24 December 2025. The sizeable issuance, arising from previously flagged transactions, will expand the company’s quoted share base and may have implications for existing shareholders through increased liquidity and potential dilution, while signalling continued capital activity to support its mining and exploration plans.
Magnum Mining and Exploration Limited has confirmed that all resolutions put to shareholders at its 22 December 2025 general meeting were passed without amendment. The approvals cover the ratification of prior share placements, the issuance of further placement shares and options (including to joint lead managers and brokers), the granting of substantial director performance rights and options, and the adoption of an employee securities incentive plan, collectively reinforcing the company’s capital-raising activities and aligning management and staff incentives with shareholder interests.
Magnum Mining and Exploration Limited has commissioned high-resolution airborne geophysical surveys for its Parker and La Cienega projects in Arizona, which are strategically located in a region known for multimillion-ounce gold deposits. This move is part of Magnum’s broader exploration strategy, which includes ongoing drilling in Brazil, and aims to unlock the untapped potential of these projects, potentially advancing towards drilling programs. The announcement highlights the company’s active exploration phase and its commitment to enhancing its project portfolio, which could have significant implications for its market positioning and stakeholder interests.
Magnum Mining and Exploration Limited has acquired the Wet Mountains Rare Earth Element Project in Colorado, U.S., through a binding term sheet with Wyoming Critical Minerals, Inc. The project boasts historical assays of up to 7.99% Total Rare Earth Elements (TREE) and significant untested potential, with no modern drilling or systematic sampling conducted to date. This acquisition aligns with Magnum’s focus on U.S. critical minerals and positions the company for potential government support, enhancing its strategic positioning in the REE sector. Magnum plans to initiate a rapid exploration campaign to validate historical results and fully explore the project’s potential.
Magnum Mining and Exploration Limited has announced a General Meeting of Shareholders to be held on December 22, 2025, in West Perth, WA. The meeting will address the ratification of the prior issue of 74,735,471 Additional Placement Shares under the company’s Listing Rule 7.1 capacity. This decision is significant as it reflects the company’s strategic efforts to manage its capital structure and potentially enhance shareholder value. The resolution’s approval could impact the company’s financial positioning and stakeholder interests.
Magnum Mining & Exploration Limited reported significant progress in their rare earth element projects, including successful leach testing at the Feirinha Prospect and advanced drilling preparations at the Azimuth 125 and Palmares Projects. The company plans to establish a U.S. critical minerals processing hub and has raised A$7 million to fund its strategy of building a critical-minerals business. Additionally, Magnum has entered into a partnership with Homerun Resources to advance REE separation technology, reflecting its strategic focus on expanding its presence in the critical minerals market.
Magnum Mining and Exploration Limited has released a corporate strategy presentation highlighting its efforts to secure critical materials for U.S. defense and industry. The company is advancing its projects in rare earths and other strategic minerals, with recent developments in Brazil and the U.S. indicating significant progress. These efforts are aimed at enhancing the company’s position in the market and addressing the growing demand for critical minerals, which are essential for various industrial applications.
Magnum Mining & Exploration Limited announced the issuance of 486,089,947 new shares to raise approximately $3.89 million, as part of a placement strategy. The company is actively seeking new commercial opportunities to complement its existing projects, although negotiations are in early stages and remain confidential.
Magnum Mining and Exploration Limited announced the quotation of 486,089,947 ordinary fully paid securities on the Australian Securities Exchange (ASX), as part of a previously announced transaction. This move is expected to enhance the company’s market presence and provide additional capital for its ongoing and future projects, potentially impacting its operational capabilities and stakeholder interests.