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Macarthur Minerals Ltd.
(Sydney:MIO)
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Rating:44Neutral
Price Target:
AU$0.02
▲(15.00% Upside)
Action:Reiterated
Date:07/03/26
The score is primarily constrained by weak financial performance—no revenue, recurring losses, and persistent cash burn—despite low leverage on the balance sheet. Technicals add further pressure with a clear downtrend versus key moving averages and negative MACD. Valuation offers limited support because losses make the negative P/E hard to interpret and there is no dividend yield data.
Positive Factors
Conservative balance sheet / very low leverage
The company maintains extremely low reported debt relative to equity (debt-to-equity near 0.5% TTM), which reduces near-term solvency risk and preserves balance-sheet flexibility to fund exploration or opportunistic transactions without immediate refinancing pressure.
Negative Factors
No revenue and recurring operating losses
There is no reported operating revenue and recurring net losses, which means the business lacks an operating earnings base. Over the medium term this reduces visibility on sustainable margins and forces reliance on financing or non-operating gains to cover costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / very low leverage
The company maintains extremely low reported debt relative to equity (debt-to-equity near 0.5% TTM), which reduces near-term solvency risk and preserves balance-sheet flexibility to fund exploration or opportunistic transactions without immediate refinancing pressure.
Read all positive factors
Macarthur Minerals Ltd. (MIO) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$8.84M
Dividend YieldN/A
Average Volume (3M)52.48K
Price to Earnings (P/E)―
Beta (1Y)0.43
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.
0.02
<0.01
9.09%
AU:MGT
Magnetite Mines Limited
0.02
-0.06
-75.64%
AU:HIO
Hawsons Iron Ltd
0.01
>-0.01
-36.36%
Macarthur Minerals Ltd. Corporate Events
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...
Macarthur Minerals Advances Lake Giles Project and Bolsters Cash with A$1.25m Placement
Apr 29, 2026
Macarthur Minerals has continued to progress its Lake Giles Iron Ore Project during the March 2026 quarter, concentrating on maintaining its tenement portfolio and supporting technical evaluation work. The company also advanced engagement with Gol...
Macarthur Minerals shores up cash with fresh equity as operating outflows persist
Apr 29, 2026
Macarthur Minerals reported a modest A$102,000 in customer receipts for the March 2026 quarter, with operating cash outflows of A$118,000 driven mainly by staff, exploration and corporate expenses. The company recorded no investing cash flows but ...
Macarthur Minerals Switches External Auditor as Part of Governance Review
Apr 20, 2026
Macarthur Minerals has appointed William Buck (Qld) as its new external auditor, effective 24 April 2026, following the resignation of RSM Australia Partners and regulatory consent. The company stated there were no disagreements with the outgoing ...
Macarthur Minerals Defends Timing of Cleansing Notice and PoW Disclosure to ASX
Apr 16, 2026
Macarthur Minerals Limited has responded to an ASX query regarding the timing of a cleansing notice lodged in connection with a A$1.25 million share placement completed in early April 2026. The company clarified that the placement of 50 million sh...
Macarthur Minerals Director Increases Indirect Shareholding via On‑Market Trade
Apr 15, 2026
Macarthur Minerals has disclosed a change in director Alan Spence Phillips’ indirect interest in the company’s securities following an on‑market trade. Through Phillips Exploration Pty Ltd , he acquired 50,000 additional ordinary...
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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