Metals Australia Ltd (MLS) AI Stock Analysis

• Market Cap: AU$19.02M
• Dividend Yield: N/A
• Average Volume (3M): 1.17M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.79
• Revenue Growth: N/A
• EPS Growth: -162.50%
• Country: AU
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 731,719,540
• 10 Day Avg. Volume: 1,262,423
• 30 Day Avg. Volume: 1,171,007
• PEG Ratio: -0.05
• Price to Book (P/B): 0.37
• Price to Sales (P/S): 6.94
• P/FCF Ratio: -1.40
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: AU$0.03 ▼(-6.67% Downside)

The score is held back primarily by ongoing losses and significant cash burn, despite very low financial leverage and a solid equity base. Technicals show modest improvement but not strong, confirmed momentum, and valuation is constrained by the company being loss-making with no indicated dividend support.

Positive Factors

Strong Balance Sheet

A strong balance sheet with no debt and significant equity provides financial stability and flexibility, reducing risk and supporting future growth initiatives.

Resource Expansion

The substantial increase in graphite resources enhances the company's asset base and potential revenue streams, supporting long-term growth in the battery materials sector.

Exploration Potential

Ongoing exploration efforts at Warrego East suggest potential for significant resource discoveries, which could enhance the company's competitive position and future profitability.

Negative Factors

Cash Flow Challenges

Negative operating cash flow indicates the core business is not self-sustaining, necessitating external funding and potentially limiting investment in growth opportunities.

Ongoing Losses

Continued net losses and negative margins highlight challenges in achieving profitability, which can impact investor confidence and financial sustainability.

Significant Cash Burn

Significant cash burn suggests elevated spending and working-capital pressures, requiring ongoing funding and potentially impacting long-term financial health.

Metals Australia Ltd Business Overview & Revenue Model

Company Description

Metals Australia Ltd engages in the exploration and development of mineral deposits in Australia and Canada. The company primarily explores for zinc, gold, silver, copper, lithium, graphite, nickel, and other base metal deposits. Its flagship project is the Lac Rainy graphite project that consists of 92 mineral claims covering an area of approximately 45.5 square kilometers located in Quebec, Canada. The company was incorporated in 1981 and is based in West Perth, Australia.

How the Company Makes Money

Metals Australia Ltd generates revenue primarily through the exploration and eventual development of mineral resources. The company invests in identifying and acquiring prospective mineral properties, conducting exploration activities to assess resource potential, and advancing these projects towards feasibility and production. Revenue is typically realized through the sale of mineral commodities extracted from these projects, joint venture agreements, or the sale of interests in exploration projects to other mining companies. Strategic partnerships and alliances with other resource companies or investors may also play a significant role in providing funding and sharing exploration risks, thus contributing to the company's income.

Metals Australia Ltd Financial Statement Overview

Summary

Metals Australia Ltd exhibits strong revenue growth, but struggles with profitability due to negative EBIT and net income margins. The balance sheet is robust, with no debt and high equity, indicating stability. However, the negative operating cash flow and reliance on external financing highlight ongoing operational challenges.

Income Statement

Metals Australia Ltd has shown significant revenue growth from 2023 to 2024, indicating improved market presence. However, the company is still struggling with profitability, as evidenced by negative EBIT and net income margins. The consistent net losses over the years suggest challenges in achieving operational efficiency.

Balance Sheet

The balance sheet is strong with no debt and a high equity ratio, indicating financial stability. The company has robust cash reserves, providing a cushion for future investments. However, the return on equity is negative due to ongoing losses, which is a concern for investors seeking profitability.

Cash Flow

Operating cash flow remains negative, reflecting ongoing operational challenges. Despite a decrease in free cash flow losses, the company needs to improve cash generation from operations. High financing cash inflows have been a key source of liquidity, which is not sustainable long-term without operational improvements.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.78M	1.78M	791.52K	70.00K	42.21K	6.11K
Gross Profit	1.78M	1.78M	791.52K	587.36K	42.21K	6.11K
EBITDA	535.06K	535.06K	-87.26K	-808.59K	-1.87M	-793.47K
Net Income	-1.56M	-1.56M	-537.68K	-808.59K	-2.21M	-472.83K
Balance Sheet
Total Assets	35.07M	35.07M	37.17M	34.16M	30.77M	9.38M
Cash, Cash Equivalents and Short-Term Investments	8.61M	8.61M	17.37M	15.96M	19.14M	1.06M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	606.45K	606.45K	1.29M	143.93K	255.39K	79.75K
Stockholders Equity	33.18M	33.18M	34.60M	32.74M	30.59M	9.38M
Cash Flow
Free Cash Flow	-8.82M	-8.82M	-1.86M	-1.95M	-1.88M	-1.23M
Operating Cash Flow	-670.05K	-670.05K	-151.92K	-225.81K	-708.35K	-440.81K
Investing Cash Flow	-8.19M	-8.19M	-1.71M	-2.92M	-1.17M	-764.80K
Financing Cash Flow	0.00	0.00	3.29M	19.96M	19.96M	1.69M

Metals Australia Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MLS, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 66.52 is Neutral, neither overbought nor oversold. The STOCH value of 161.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MLS.

Metals Australia Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AUZ	51 Neutral	AU$45.11M	-16.15	-4.02%	―	―	74.51%
MLS	50 Neutral	AU$19.02M	-11.90	-4.60%	―	―	-162.50%
KRR	50 Neutral	AU$16.10M	-2.75	-24.72%	―	―	-407.69%
BCA	50 Neutral	AU$62.85M	100.00	4.75%	―	―	―
AMU	45 Neutral	AU$16.07M	-6.82	-6.61%	―	―	―
RWD	45 Neutral	AU$10.97M	-5.43	―	―	―	93.44%

Metals Australia Ltd Corporate Events

Metals Australia Flags Deeper Discovery Potential After Strong Copper Anomalies at Warrego East

Metals Australia has reported highly anomalous copper, bismuth, cobalt and zinc results from its initial 3,216-metre geochemical air-core and slimline reverse circulation drilling program at the Warrego East project in the Northern Territory, testing five undercover targets interpreted as prospective for Tennant Creek–style Cu-Au-Bi mineralisation. The bulk of drilling at Target 1, located 5km east of the historic Warrego mine, intersected broad oxide-zone halos with elevated copper and iron (up to 24% Fe) that the company interprets as overlying a deeper ironstone-associated bedrock source similar to Warrego, with mineralisation remaining open to the east and west; additional anomalous copper and gold was returned at Target 2, and Metals Australia plans to refine new magnetic “ironstone” targets, seek an expanded Environmental Mining Licence and undertake deeper and follow-up drilling, indicating growing exploration momentum and potential for a significant discovery in a proven copper-gold district.

Metals Australia Extends Manindi West Discovery Zone, Eyes Promising 2026

Metals Australia Ltd has announced significant progress in its drilling program at the Manindi West VTM project, extending the discovery zone’s strike to over 1,000 meters. The drilling results, which intersected wide shallow mineralization in 13 out of 14 holes, have confirmed substantial extensions of the mineralized zone. The company is optimistic about the potential of additional targets and is advancing processing pathways for commercially attractive products like ilmenite and magnetite concentrates. With rising metal prices and ongoing evaluations, Metals Australia aims to enhance the value of its projects, providing promising prospects for stakeholders in 2026.

Metals Australia Ltd Announces Cessation of Securities

Metals Australia Ltd announced the cessation of 8 million securities due to the expiration of options without exercise or conversion. This development may impact the company’s capital structure and could have implications for stakeholders regarding the company’s financial strategies and market positioning.

Metals Australia Begins Drilling to Expand High-Grade Vanadium-Titanium-Magnetite Discovery

Metals Australia Ltd has commenced a drilling program to explore mineralized extensions of its high-grade vanadium-titanium-magnetite (VTM) discovery in the Murchison region of Western Australia. The program aims to define the dimensions and grade of the mineralization, potentially unlocking further zones and advancing the project for more detailed assessment. Initial metallurgical tests have yielded promising results, with two high-grade products showing strong market potential. The successful outcome of this drilling could enhance the company’s project portfolio and provide significant value to stakeholders.

Metals Australia Schedules Annual General Meeting for November 2025

Metals Australia Limited has announced its Annual General Meeting (AGM) scheduled for November 28, 2025, in West Perth, Western Australia. Shareholders are encouraged to participate in the meeting either in person or by proxy, with proxy forms due by November 26, 2025. The company emphasizes the importance of the Notice of Meeting and proxy form, urging shareholders to review these documents thoroughly and consult professional advisors if needed. This meeting is crucial as it directly impacts shareholder voting and decision-making processes.

Metals Australia Ltd Reports Significant Resource Increase and Project Advancements

Metals Australia Ltd reported a significant increase in the mineral resource at its Lac Carheil Graphite project in Canada, with a 3.3-fold rise to 5.1 million tonnes of contained graphite. The company has advanced its mining and environmental work programs for a prefeasibility study and is making progress in its Project Economic Assessment for a Battery Anode Material plant. In Australia, the company completed drilling at its Warrego Copper, Gold, Bismuth project and continued metallurgical test work at its Manindi Vanadium-Titanium-Magnetite Project. Financially, the company ended the quarter with a cash balance of $6.82 million, with expectations of tax credit refunds in 2026.

Metals Australia Ltd Reaffirms Compliance and Stability in Toronto Investor Presentation

Metals Australia Ltd has released a presentation for Toronto investor sessions, emphasizing the company’s commitment to transparency and compliance with ASX listing rules. The release reiterates that there are no new exploration results or changes to previously disclosed mineral resources, ensuring stakeholders of the company’s stable operational status and adherence to regulatory standards.

Metals Australia Ltd Schedules 2025 AGM and Director Elections

Metals Australia Ltd has announced that its 2025 Annual General Meeting will be held on 28 November 2025. The meeting will include the election of Directors, with nominations closing on 10 October 2025. This announcement is part of the company’s ongoing governance and operational procedures, potentially impacting its leadership and strategic direction.