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Macarthur Minerals Ltd.
(Sydney:MIO)
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Rating:47Neutral
Price Target:
AU$0.03
▲(30.00% Upside)
Action:Reiterated
Date:08/17/26
The score is held down primarily by weak financial performance—no revenue, recurring losses, and persistent cash burn—despite a low-debt balance sheet. Technicals add some support due to strong momentum and price above key moving averages, but extremely overbought indicators raise pullback risk. Valuation is also constrained by a negative P/E and no dividend yield.
Positive Factors
Very Low Leverage
Minimal debt reduces interest and refinancing pressure, giving Macarthur Minerals greater financial flexibility while projects are advanced. This does not solve the cash-burn issue, but it lowers near-term solvency risk relative to a highly leveraged explorer.
Negative Factors
No Operating Revenue
The absence of revenue limits visibility into operating scale, customer traction and self-funded growth. Until a project reaches production or another recurring income stream emerges, financial performance will remain dependent on asset activity and external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal debt reduces interest and refinancing pressure, giving Macarthur Minerals greater financial flexibility while projects are advanced. This does not solve the cash-burn issue, but it lowers near-term solvency risk relative to a highly leveraged explorer.
Read all positive factors
Macarthur Minerals Ltd. (MIO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$9.58M
Dividend YieldN/A
Average Volume (3M)52.48K
Price to Earnings (P/E)―
Beta (1Y)0.13
Revenue GrowthN/A
EPS Growth65.52%
CountryAU
Employees2
SectorGeneral
Sector StrengthN/A
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding368,350,160
10 Day Avg. Volume51,319
30 Day Avg. Volume52,479
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.13
Price to Sales (P/S)0.00
P/FCF Ratio-3.36
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
Macarthur Minerals Ltd. Business Overview & Revenue Model
Company Description
Macarthur Minerals Ltd. engages in the exploration and evaluation of mineral resources. The firm has iron ore projects in the Yilgarn region and Pilbara of Western Australia. The Company was founded by Kenneth Talbot on December 2, 2002, and is he...
How the Company Makes Money
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Macarthur Minerals Ltd. Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
63
Positive
Cash Flow
18
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -3.15K | -38.58K | -70.51K | -72.34K | -31.42K |
| EBITDA | -1.75M | -2.46M | -3.85M | -4.34M | 4.72M |
| Net Income | -1.82M | -26.53M | -5.76M | -4.88M | 4.38M |
Balance Sheet | |||||
| Total Assets | 53.88M | 52.89M | 77.69M | 80.69M | 78.48M |
| Cash, Cash Equivalents and Short-Term Investments | 796.01K | 784.00 | 180.64K | 1.94M | 1.63M |
| Total Debt | 149.28K | 243.77K | 919.60K | 149.40K | 1.00M |
| Total Liabilities | 1.51M | 1.81M | 1.74M | 611.17K | 2.84M |
| Stockholders Equity | 52.38M | 51.08M | 75.95M | 80.08M | 75.64M |
Cash Flow | |||||
| Free Cash Flow | -2.03M | -1.64M | -2.81M | -5.41M | -7.81M |
| Operating Cash Flow | -1.74M | -1.33M | -1.74M | -3.83M | -2.27M |
| Investing Cash Flow | -255.13K | 831.34K | -1.14M | -1.82M | -4.35M |
| Financing Cash Flow | 2.79M | 319.98K | 1.12M | 5.96M | 3.23M |
Macarthur Minerals Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
AU:MIO
Macarthur Minerals Ltd.
0.03
>-0.01
-10.34%
AU:MGT
Magnetite Mines Limited
0.02
-0.05
-75.71%
AU:HIO
Hawsons Iron Ltd
0.01
>-0.01
-44.44%
Macarthur Minerals Ltd. Corporate Events
Macarthur Minerals Tightens Governance After Late ASX Director Filings
Aug 14, 2026
Macarthur Minerals has disclosed that required ASX notices relating to the appointment of Nigel Jones as a non-executive director and the resignation of Eduardo Robaina were lodged late due to an administrative oversight. The company stated that i...
Macarthur Minerals Options Expire, Simplifying Capital Structure
Aug 5, 2026
Macarthur Minerals has confirmed the expiry of 12,096,915 listed options, which carried an exercise price of $0.10 and were due to expire on July 29, 2026. The options lapsed without being exercised, resulting in a reduction of the company’s...
Macarthur Minerals Posts June Quarter Cash Outflow as Exploration Spending Continues
Jul 30, 2026
Macarthur Minerals Limited reported its quarterly cash flow for the period ended 30 June 2026, highlighting its position as a mining exploration entity in an early-stage, non‑producing phase. Operational spending was dominated by exploration...
Macarthur Minerals Advances Lake Giles Planning with New Funding and Work Approvals
Jul 30, 2026
Macarthur Minerals reported that its June quarter activities at the Lake Giles Iron Project in Western Australia were aimed at maintaining the asset in good standing and advancing planning for future development. The company confirmed that no mate...
Macarthur Minerals refreshes board with appointment of veteran mining executive
Jul 14, 2026
Macarthur Minerals has announced changes to its board, with Non-Executive Director Ryan Eduardo Robaina retiring effective 15 July 2026 after contributing international expertise in mining, finance and corporate development. His departure marks a ...
Macarthur Minerals Director Increases Indirect Shareholding
Jul 14, 2026
Macarthur Minerals Limited has reported a change in the indirect shareholding of director Alan Spence Phillips, held through Phillips Exploration Pty Ltd . The disclosure forms part of the company’s ongoing obligations under ASX listing rule...
Macarthur Minerals Director McCall Adds to Shareholding in On-Market Trade
Jul 14, 2026
Macarthur Minerals has reported a change in the shareholding of director Cameron Hugh McCall, who increased his direct holding through an on-market trade. McCall acquired 71,743 ordinary shares for $1,677.05, lifting his stake to 6,077,732 ordinar...
Macarthur Minerals Director Increases Indirect Shareholding
Jul 12, 2026
Macarthur Minerals has reported a change in the indirect shareholding of director Alan Spence Phillips, disclosed through Phillips Exploration Pty Ltd . Following on-market purchases on 6 and 8 July 2026, his indirect holding increased from 5,221,...
Macarthur Minerals director increases on-market shareholding
Jul 12, 2026
Macarthur Minerals has disclosed a change in the shareholding of director Cameron Hugh McCall, who increased his direct holding in the company through on-market purchases. Following two transactions in early July 2026, McCall’s direct owners...
Macarthur Minerals Files Updated ASX Corporate Governance Statement
Jun 29, 2026
Macarthur Minerals Limited has lodged its latest corporate governance statement and accompanying Appendix 4G with the ASX for the financial year ended 31 March 2026, confirming compliance with key governance disclosure rules. The statement, curren...
Macarthur Minerals Releases Comprehensive 2026 Annual Report
Jun 29, 2026
Macarthur Minerals Limited has released its annual report for the year ended 31 March 2026, outlining the company’s financial performance, position and cash flows, along with detailed notes on accounting policies, key judgements and segment ...
Macarthur Minerals Issues Cleansing Notice for New Share Allotment
Jun 17, 2026
Macarthur Minerals Limited has lodged a cleansing notice with the ASX confirming the recent issue of 3,333,333 fully paid ordinary shares without a disclosure document under the Corporations Act. The company stated it is compliant with its financi...
Macarthur Minerals Seeks ASX Quotation for 3.3 Million New Shares
Jun 17, 2026
Macarthur Minerals Limited has applied to the ASX for quotation of 3,333,333 new ordinary fully paid shares, issued on June 10, 2026, under its existing listing rules. The move modestly increases the company’s quoted share capital, providing...
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.
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