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Metal Hawk Ltd. (AU:MHK)
ASX:MHK
Australian Market

Metal Hawk Ltd. (MHK) AI Stock Analysis

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AU:MHK

Metal Hawk Ltd.

(Sydney:MHK)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
AU$0.10
▼(-3.00% Downside)
The score is primarily constrained by weak financial performance (minimal revenue, widening losses, and ongoing cash burn) and a deteriorating capital base despite low leverage. Technicals are also bearish with price below major moving averages and negative MACD, while valuation is difficult to support due to negative earnings and no indicated dividend.
Positive Factors
Exploration Success
Successful exploration results at Thylacine enhance Metal Hawk's growth prospects in the gold exploration sector, potentially increasing future revenue streams and market position.
Government Support
Government support through the Exploration Incentive Scheme reduces financial risk and supports continued exploration efforts, which can lead to long-term project development and growth.
Shareholder Support
Strong shareholder support for key resolutions indicates confidence in management and strategic direction, providing stability and potential for sustained governance.
Negative Factors
Weak Financial Performance
The company's weak financial performance, characterized by minimal revenue and widening losses, threatens long-term viability and necessitates reliance on external funding.
Deteriorating Capital Base
A shrinking equity base due to ongoing losses undermines financial stability and increases dependency on external capital, impacting long-term sustainability.
Negative Cash Flow
Persistent negative cash flow indicates ongoing cash burn and financial strain, limiting the company's ability to fund operations and invest in growth without external financing.

Metal Hawk Ltd. (MHK) vs. iShares MSCI Australia ETF (EWA)

Metal Hawk Ltd. Business Overview & Revenue Model

Company DescriptionMetal Hawk Limited engages in the acquisition, exploration, and development of mineral resource projects in Western Australia. It explores for gold and nickel sulphide deposits. The company's properties include the Kanowna East, Emu Lake, Fraser South, and Blair North and Clinker Hill projects. Metal Hawk Limited was incorporated in 2018 and is based in West Perth, Australia.
How the Company Makes MoneyMetal Hawk Ltd. generates revenue through the extraction, processing, and sale of precious and base metals. The primary revenue streams include the sale of raw and refined minerals to industrial clients and commodity markets. Strategic partnerships with mining contractors and technology providers enhance operational efficiency and reduce costs. Additionally, MHK may engage in joint ventures and collaborations with other mining firms to access new resources and expand its market presence, contributing to its revenue growth.

Metal Hawk Ltd. Financial Statement Overview

Summary
Metal Hawk Ltd. is experiencing significant financial challenges, primarily due to the absence of revenue and ongoing operational losses. While the balance sheet shows a solid equity base with minimal debt, the lack of profitability and negative cash flows are concerning. The company's reliance on financing activities to sustain operations highlights the need for strategic changes to achieve financial sustainability.
Income Statement
Metal Hawk Ltd. faces significant challenges in its income statement. The company has not generated any revenue in recent years, leading to consistent negative gross profit and net income. The EBIT and EBITDA margins are also negative, indicating operational inefficiencies. The lack of revenue growth further compounds these issues, resulting in a low score.
Balance Sheet
The balance sheet indicates a relatively strong equity position with a high equity ratio, supported by minimal debt levels. This suggests financial stability and a lower risk of insolvency. However, the absence of revenue and consistent losses affect the return on equity, which remains negative. Overall, the company's financial structure is stable, but operational inefficiencies impact profitability.
Cash Flow
Despite challenges with generating positive cash from operations, Metal Hawk Ltd. has managed cash flow through financing activities. Free cash flow remains negative, highlighting ongoing cash burn. The operating cash flow to net income ratio is concerning, reflecting operational struggles. The lack of cash flow growth and reliance on external financing diminishes the cash flow score.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.000.0046.07K0.000.00
Gross Profit-75.64K-75.64K-51.22K-63.21K-57.79K-32.50K
EBITDA-10.00M-9.91M-4.00M-1.65M-1.28M-1.43M
Net Income-9.99M-9.99M-4.27M-1.72M-1.34M-1.47M
Balance Sheet
Total Assets6.48M6.48M10.18M9.09M9.03M5.68M
Cash, Cash Equivalents and Short-Term Investments5.10M5.10M2.15M932.58K2.09M3.79M
Total Debt10.80K10.80K51.98K89.55K10.29K48.30K
Total Liabilities118.96K118.96K117.19K273.62K279.24K72.76K
Stockholders Equity6.36M6.36M10.06M8.82M8.76M5.61M
Cash Flow
Free Cash Flow-1.46M-1.03M-3.40M-2.09M-3.99M-2.36M
Operating Cash Flow-998.57K-998.57K-1.34M-748.10K-990.90K-926.37K
Investing Cash Flow-1.22M-1.22M-2.06M-1.34M-1.00M-3.44M
Financing Cash Flow5.00M5.00M4.62M952.22K2.30M6.04M

Metal Hawk Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.10
Price Trends
50DMA
0.12
Negative
100DMA
0.13
Negative
200DMA
0.27
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
39.65
Neutral
STOCH
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MHK, the sentiment is Negative. The current price of 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.12, and below the 200-day MA of 0.27, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.65 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MHK.

Metal Hawk Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
57
Neutral
AU$125.25M-41.67-1.95%21.74%
48
Neutral
AU$234.96M-28.53-27.55%-71.00%9.44%
43
Neutral
AU$12.34M-1.05-121.65%-100.21%
43
Neutral
AU$41.44M-6.89-13.86%-12.34%
40
Neutral
AU$51.78M-5.97-116.65%-11.33%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MHK
Metal Hawk Ltd.
0.10
-0.22
-68.25%
AU:PEX
Peel Mining Limited
0.15
0.03
22.95%
AU:RDM
Red Metal Limited
0.14
0.04
35.00%
AU:BML
Boab Metals Ltd
0.47
0.31
190.63%
AU:LEL
Lithium Energy Ltd.
0.37
0.00
0.00%
AU:MNB
Minbos Resources Limited
0.02
-0.03
-58.62%

Metal Hawk Ltd. Corporate Events

Metal Hawk Confirms High-Grade Gold in First Thylacine Diamond Drilling
Dec 21, 2025

Metal Hawk has reported strong assay results from its first diamond drilling program at the Thylacine prospect within the Leinster South Project, confirming high-grade gold mineralisation in both quartz veins and the hosting Thylacine gabbro. Five diamond holes totalling 1,595 metres intersected multiple significant zones, including standout results of 2.3 metres at 15.28 g/t gold from near surface and deeper intercepts such as 1.7 metres at 7.71 g/t gold, reinforcing the presence of a substantial gold system and improving the company’s geological understanding of the project. Supported in part by Western Australia’s Exploration Incentive Scheme and building on earlier high-grade RC drilling, these results position Metal Hawk to advance follow-up drilling in early 2026 and to test additional high-grade targets across the broader Leinster South area, potentially enhancing the project’s scale and the company’s growth prospects in the gold exploration sector.

Metal Hawk Ltd. Announces Change in Director’s Interest
Dec 2, 2025

Metal Hawk Ltd. has announced a change in the director’s interest, specifically involving Michael Edwards, who holds indirect interests through Shadwick Nominees Pty Ltd. This change includes a substantial number of fully paid ordinary shares and unlisted options, potentially impacting the company’s governance and shareholder dynamics.

Metal Hawk Ltd. Announces Director’s Acquisition of Unlisted Options
Dec 2, 2025

Metal Hawk Ltd. announced a change in the director’s interest, with William Belbin acquiring 1,500,000 unlisted options exercisable at $0.24, expiring on December 1, 2030. This change reflects a strategic move by the director, potentially indicating confidence in the company’s future prospects and impacting stakeholder perceptions positively.

Metal Hawk Limited Announces Change in Director’s Interest
Dec 2, 2025

Metal Hawk Limited has announced a change in the director’s interest, specifically involving David Pennock, who has indirect interests through WAGOE INVESTMENTS PTY LTD. The notice details the securities held by Mr. Pennock, including fully paid ordinary shares, unlisted options, and performance rights. This change in director’s interest could influence the company’s governance and stakeholder confidence, as it reflects internal adjustments in shareholding and potential strategic shifts.

Metal Hawk Ltd. Updates Director’s Interest Notice
Dec 1, 2025

Metal Hawk Ltd. has announced a change in the director’s interest notice, specifically concerning William Belbin, who holds an indirect interest through Camelwood Investments Pty Ltd. The notice details the securities held prior to the change, including fully paid ordinary shares and unlisted options, but indicates no new acquisitions. This update reflects the company’s compliance with ASX listing rules and provides transparency in its governance practices, which may reassure stakeholders about the company’s commitment to regulatory obligations.

Metal Hawk Limited Announces Change in Director’s Securities Interest
Dec 1, 2025

Metal Hawk Limited has announced a change in the director’s interest, specifically involving David Pennock, who holds indirect interests through Wagoe Investments Pty Ltd. The change reflects an update in the number of securities, including fully paid ordinary shares and unlisted options, which could impact the company’s governance and stakeholder interests.

Metal Hawk Ltd. Announces Expiry of 2.55 Million Options
Dec 1, 2025

Metal Hawk Ltd. announced the cessation of 2,550,000 options that expired on November 30, 2025, without being exercised or converted. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and future growth prospects.

Metal Hawk Ltd. AGM: Strong Shareholder Support for Key Resolutions
Nov 28, 2025

Metal Hawk Ltd. held its Annual General Meeting on November 28, 2025, where shareholders voted on several key resolutions. The resolutions included the approval of the remuneration report, re-election of director Michael Edwards, approval of a 10% placement facility, ratification of prior issue of placement shares, and approval of director options for David Pennock, William Belbin, and Michael Edwards. All resolutions were carried with significant majorities, indicating strong shareholder support for the company’s strategic decisions.

Metal Hawk Completes Maiden Drilling at Leinster South
Nov 12, 2025

Metal Hawk Limited has completed its maiden diamond drilling program at the Leinster South Project, drilling five holes totaling 1,595 meters at the Thylacine Prospect. The program aimed to test deeper structural gold targets and follow up on high-grade results from recent reverse circulation drilling. The drilling was partially funded by the WA Government’s Exploration Incentive Scheme. Additionally, Metal Hawk has conducted a Sub-Audio Magnetics survey to identify structural trends and conductive zones, with data processing underway. The company is also analyzing preliminary data from an aeromagnetic and radiometric survey to refine exploration targets at Leinster South and the nearby Pepperill Hill Project.

Metal Hawk Limited Announces Change of Address
Nov 3, 2025

Metal Hawk Limited has announced a change in its principal place of business and registered office address to Suite 2, Level 1, 1292 Hay Street, West Perth WA 6005. This change is effective immediately and aligns with ASX Listing Rule 3.14. The company’s other contact details remain unchanged, indicating a seamless transition for stakeholders.

Metal Hawk Limited Announces 2025 Annual General Meeting
Oct 29, 2025

Metal Hawk Limited has announced its Annual General Meeting scheduled for November 28, 2025, in West Perth, Australia. The meeting will cover the company’s annual report, a non-binding vote on the remuneration report, and the re-election of director Michael Edwards. Shareholders are encouraged to participate by lodging their proxy forms. The meeting’s outcomes could impact the company’s governance and shareholder engagement.

Metal Hawk Limited’s 2025 Annual Report Highlights Key Project Developments
Oct 27, 2025

Metal Hawk Limited has released its annual report for the year ended 30 June 2025, detailing its exploration activities and project developments in Western Australia. The report highlights progress in several key projects, such as the Leinster South Project and Siberian Tiger, which are crucial for the company’s growth and positioning in the mining sector. These developments are expected to impact the company’s operations positively, enhancing its market presence and offering potential benefits for stakeholders.

Metal Hawk Ltd. Releases Updated Corporate Governance Statement
Oct 27, 2025

Metal Hawk Ltd. has released its corporate governance statement, which is now available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations. This announcement reflects Metal Hawk’s commitment to transparency and accountability in its management practices, which is crucial for maintaining investor trust and aligning with industry standards.

Metal Hawk Begins Diamond Drilling at Leinster South
Oct 12, 2025

Metal Hawk Limited has commenced a maiden diamond drilling campaign at its Leinster South Project in Western Australia, targeting high-grade gold at the Thylacine prospect. This drilling initiative aims to test deeper structural targets and follow up on recent high-grade results from reverse circulation drilling, marking a significant phase in the company’s exploration efforts.

Metal Hawk Initiates Diamond Drilling at Thylacine Gold System
Oct 7, 2025

Metal Hawk Limited has announced the commencement of a diamond drilling campaign at its Thylacine gold system, aiming to test deeper parts of the system and new targets identified through detailed ground magnetic surveys. The company is also conducting extensive airborne magnetic and radiometric surveys at its Leinster South and Pepperill Hill project areas, which are expected to generate new drilling targets and enhance regional exploration activities.

Metal Hawk Limited Announces Director’s Interest Change
Oct 2, 2025

Metal Hawk Limited has announced a change in the director’s interest, specifically concerning David Pennock. The update reveals adjustments in his direct and indirect holdings, including ordinary shares and unlisted options. This change could impact the company’s governance and shareholder dynamics, reflecting on its strategic direction and potential market perception.

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.Date of analysis: Dec 30, 2025