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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$79.52M | -16.82 | -4.27% | ― | ― | 86.51% | |
49 Neutral | AU$13.27M | -46.67 | -2.80% | ― | ― | -107.50% | |
46 Neutral | AU$11.07M | -3.86 | -54.84% | ― | ― | -474.07% | |
45 Neutral | AU$16.07M | -6.82 | -6.61% | ― | ― | ― | |
45 Neutral | AU$25.69M | -5.17 | -122.97% | ― | ― | 24.25% | |
44 Neutral | AU$19.16M | -5.26 | -15.96% | ― | ― | 20.83% |
Magnum Mining and Exploration Limited Corporate Events
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.
Magnum Mining and Exploration Limited, a company listed on the Australian Securities Exchange, has announced the lifting of its trading suspension following a capital raising announcement. This development is expected to have implications for the company’s operations and market positioning, potentially affecting stakeholders by enhancing its financial standing and enabling further exploration activities.
Magnum Mining and Exploration Limited announced a proposed issue of securities, including 60 million placement options and 60 million performance rights, with a proposed issue date of November 28, 2025. This strategic move is aimed at raising capital to support the company’s growth initiatives and strengthen its market position, potentially impacting stakeholders by increasing the company’s resource development capabilities.
Magnum Mining and Exploration Limited has announced a proposed issue of securities, which includes a significant placement of 437,500,000 options and 388,910,053 ordinary fully paid shares. This strategic move is intended to raise capital and support the company’s ongoing projects and expansion plans, potentially enhancing its position in the mining sector and providing opportunities for stakeholders.
Magnum Mining and Exploration Limited announced a proposed issue of 486,089,947 ordinary fully paid securities, scheduled for issuance on October 17, 2025. This move is likely aimed at raising capital to support the company’s operations and could impact its market positioning by potentially increasing its financial resources.
Magnum Mining & Exploration Limited has successfully raised $7 million through an oversubscribed placement to advance its USA critical minerals strategy. This funding will support the development of a processing hub in Nevada and exploration activities in Brazil, aligning with U.S. domestic supply chain initiatives. The company’s strategy aims to fast-track production of antimony and rare earth elements, enhancing its position in the critical minerals sector and potentially unlocking significant value for stakeholders.
Magnum Mining and Exploration Limited has requested a suspension of its securities from quotation on the ASX under Listing Rule 17.2. This suspension is due to the pending completion of documentation related to a capital raise. The suspension will remain in effect until the documentation is released or until October 14, 2025, whichever comes first. This move indicates the company’s strategic focus on securing additional capital to support its operational and exploration activities, which could have implications for its market positioning and stakeholder interests.
Magnum Mining and Exploration Limited has requested a trading halt on its securities pending an announcement regarding a capital raise. This move indicates a strategic financial decision that could impact the company’s operations and market positioning, potentially affecting stakeholders by altering the company’s capital structure and funding capabilities.
Magnum Mining & Exploration Limited has received the necessary permits and finalized land access agreements to commence drilling on its Azimuth 125 and Palmares REE Projects in Brazil. The initial phase will test four of the 19 identified targets, with a focus on the Feirinha Prospect, which has shown promising results in previous sampling. The company plans to use auger and RC drilling to evaluate mineralized zones, with the results potentially enhancing its position in the emerging Brazilian REE market.
Magnum Mining & Exploration Limited has announced the commencement of its auger drilling program on the Azimuth 125 REE Project in Brazil, set to begin in October. The project includes 72 tenements covering approximately 1,201 square kilometers across Minas Gerais and Goiás, areas recognized for their potential in hosting world-class ionic clay REE deposits. The initial phase will target 19 high-priority REE areas identified based on radiometric anomalies and geological features, with the aim of assessing potential ionic clay REE mineralization. This exploration effort represents a significant step for Magnum in leveraging its 100% control over the Azimuth 125 trend, potentially enhancing its position in the rare earth elements market.
Magnum Mining & Exploration Limited announced promising preliminary results from leach test work on REE samples from its Feirinha Prospect in Brazil. The tests revealed high levels of Total Rare Earth Oxides (TREO) and valuable Heavy REE, positioning the Palmares REE Project as a potential tier-one discovery. The results support Magnum’s plans for an extensive auger drilling program to further explore the mineralization potential. This development enhances Magnum’s competitive positioning in the REE market and could attract significant investor and strategic partner interest.