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Medallion Metals Ltd (AU:MM8)
ASX:MM8
Australian Market

Medallion Metals Ltd (MM8) AI Stock Analysis

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AU:MM8

Medallion Metals Ltd

(Sydney:MM8)

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Neutral 47 (OpenAI - 4o)
Rating:47Neutral
Price Target:
AU$0.42
▲(11.58% Upside)
Medallion Metals Ltd's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and persistent losses. Technical analysis shows mixed signals, with some short-term momentum but overall bearish indicators. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield. No earnings call or corporate events data were available to influence the score.
Positive Factors
Strategic Assets
The Gidji Gold Project's location in a highly prospective region provides a strategic advantage for long-term resource development and potential profitability.
Manageable Leverage
A low debt-to-equity ratio indicates manageable leverage, providing financial stability and flexibility to invest in long-term growth opportunities.
Cash Generation Efficiency
Efficiency in cash generation relative to net losses suggests potential for improved cash flow management, supporting future operational investments.
Negative Factors
Declining Revenues
Declining revenues highlight challenges in market demand or operational execution, which could impact long-term growth and profitability.
Negative Profit Margins
Consistently negative profit margins indicate ongoing operational inefficiencies, posing risks to sustainable profitability and shareholder value.
Negative Operating Cash Flow
Negative operating cash flow suggests liquidity challenges, limiting the company's ability to fund operations and invest in growth without external financing.

Medallion Metals Ltd (MM8) vs. iShares MSCI Australia ETF (EWA)

Medallion Metals Ltd Business Overview & Revenue Model

Company DescriptionMedallion Metals Limited engages in mineral exploration activities in Australia. The company primarily explores for gold, silver, copper, lead, and zinc deposits. Its flagship property is the 100% owned Ravensthorpe gold project covering an area of approximately 300 square kilometers located in Western Australia. The company was incorporated in 2015 and is based in West Perth, Australia.
How the Company Makes MoneyMedallion Metals Ltd generates revenue primarily through the exploration and potential future production of gold from its mineral projects. The company's revenue model is anchored in securing funding through equity financing, joint ventures, and strategic partnerships with other mining entities. Key revenue streams include the sale of gold once production commences, as well as potential royalties from mineral extraction. Additionally, the company may engage in off-take agreements with larger mining companies to ensure the sale of its gold at competitive prices. Factors contributing to its earnings include the prevailing gold prices, operational efficiencies, and successful exploration results that enhance the value of its projects.

Medallion Metals Ltd Financial Statement Overview

Summary
Medallion Metals Ltd faces substantial financial challenges with declining revenues, persistent losses, and negative cash flows. While the balance sheet shows manageable leverage, the company struggles with profitability and cash generation. Strategic improvements are necessary to enhance financial health and operational efficiency.
Income Statement
45
Neutral
Medallion Metals Ltd has experienced declining revenue with a negative growth rate of -24.79% in the most recent year. The company shows consistent negative profit margins, with a net profit margin of -5.51% and an EBIT margin of -5.35%, indicating ongoing operational challenges. Despite a high gross profit margin, the overall profitability is weak due to significant operating losses.
Balance Sheet
55
Neutral
The company's balance sheet shows a moderate debt-to-equity ratio of 0.12, indicating manageable leverage. However, the return on equity is negative, reflecting ongoing losses and challenges in generating shareholder value. The equity ratio is relatively stable, suggesting a solid asset base compared to equity.
Cash Flow
40
Negative
Cash flow analysis reveals a significant increase in free cash flow growth, yet the operating cash flow remains negative. The free cash flow to net income ratio is positive, suggesting some efficiency in cash generation relative to net losses, but overall cash flow remains a concern due to negative operating cash flow.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.11M1.11M1.86M3.03M2.14M503.47K
Gross Profit1.11M1.11M1.86M3.03M2.14M503.47K
EBITDA-5.75M-5.85M-2.58M-4.68M-3.21M-3.57M
Net Income-6.13M-6.13M-2.94M-5.09M-3.60M-3.77M
Balance Sheet
Total Assets28.93M28.93M16.42M15.59M15.93M16.85M
Cash, Cash Equivalents and Short-Term Investments9.46M9.46M1.71M423.51K1.84M8.82M
Total Debt2.92M2.92M2.93M4.10M4.04M4.11M
Total Liabilities5.00M5.00M4.48M5.77M6.04M8.49M
Stockholders Equity23.93M23.93M11.94M9.82M9.89M8.36M
Cash Flow
Free Cash Flow-9.54M-9.54M-2.16M-6.02M-11.14M-3.94M
Operating Cash Flow-5.02M-5.02M-1.57M-3.87M-5.18M-1.98M
Investing Cash Flow-4.53M-4.45M-491.39K-2.14M-5.95M-1.96M
Financing Cash Flow17.15M17.15M3.34M4.59M4.16M10.50M

Medallion Metals Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.38
Price Trends
50DMA
0.44
Negative
100DMA
0.42
Negative
200DMA
0.33
Positive
Market Momentum
MACD
-0.01
Positive
RSI
41.75
Neutral
STOCH
36.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MM8, the sentiment is Negative. The current price of 0.38 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.44, and above the 200-day MA of 0.33, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 41.75 is Neutral, neither overbought nor oversold. The STOCH value of 36.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MM8.

Medallion Metals 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%
47
Neutral
AU$248.43M-25.68-34.16%-100.00%-52.08%
45
Neutral
AU$95.27M-4.49-148.97%-643.11%
42
Neutral
AU$83.72M
38
Underperform
AU$102.29M-44.55-16.47%-19.57%
35
Underperform
AU$113.21M-13.10-23.45%54.41%
29
Underperform
AU$88.85M-14.55-9377.41%-214.29%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MM8
Medallion Metals Ltd
0.40
0.30
300.00%
AU:LRM
Peak Minerals
0.04
0.03
260.00%
AU:PTR
Petratherm Ltd
0.24
-0.02
-7.69%
AU:NWF
Newfield Resources Ltd.
0.09
0.00
0.00%
AU:CNB
Carnaby Resources Ltd.
0.42
0.07
20.00%
AU:OSM
Osmond Resources Limited
0.77
0.36
87.80%

Medallion Metals Ltd Corporate Events

Medallion Metals Ltd Secures Shareholder Support at AGM
Nov 26, 2025

Medallion Metals Ltd announced the successful passage of all resolutions at its Annual General Meeting, indicating strong shareholder support for its current strategies and leadership. The approval of key resolutions, including the re-election of directors and the approval of a 10% placement facility, suggests a stable outlook for the company and potential for future capital raising activities.

Medallion Metals Advances Forrestania Acquisition with Key Agreements
Nov 4, 2025

Medallion Metals Limited has successfully executed ancillary agreements as part of its proposed acquisition of the Forrestania Nickel Operation from IGO Ltd. These agreements cover mineral rights, royalty arrangements, and land options, marking a significant milestone towards completing the transaction. The acquisition is expected to enhance Medallion’s operational capabilities and strategic positioning in the mining sector, with completion targeted by the end of 2025.

Medallion Metals Advances Ravensthorpe Gold Project with Key Environmental Approval
Nov 2, 2025

Medallion Metals Ltd has reached a significant milestone in the development of its Ravensthorpe Gold Project, having progressed to the final stage of assessment under the Environment Protection and Biodiversity Conservation Act 1999. This approval is crucial for advancing the company’s sulphide production strategy and is expected to be determined by December 2025, assuming no additional information requests. The approval will also influence the development timeline of the project, which is aligned with the company’s broader strategic goals, including the proposed acquisition of Forrestania.

Medallion Metals Advances Strategic Acquisition and Reports Promising Assay Results
Oct 30, 2025

Medallion Metals Limited has announced a significant strategic move by acquiring the Forrestania Nickel Operation from IGO Limited, aiming to create a regional processing hub for its Ravensthorpe Gold Project. This acquisition is expected to streamline production processes, reduce development timeframes, and minimize environmental impact by utilizing existing infrastructure. Additionally, the company has reported promising assay results from its Ravensthorpe project and secured financial backing from Trafigura Pte Ltd to further support its development plans.

Medallion Metals Limited Announces Annual General Meeting Details
Oct 27, 2025

Medallion Metals Limited has announced its upcoming Annual General Meeting, scheduled for November 26, 2025, in West Perth, Australia. Shareholders are encouraged to participate by submitting proxy forms online, with a deadline set for November 24, 2025. The company emphasizes the importance of the meeting notice and provides guidance for shareholders to access documents and update their communication preferences online. This meeting is a significant event for stakeholders, as it provides an opportunity to discuss the company’s strategic direction and operational plans.

Medallion Metals Reschedules Annual General Meeting
Oct 27, 2025

Medallion Metals Limited has announced a change in the schedule for its Annual General Meeting, initially set for November 19, 2025, now postponed to November 26, 2025, due to unforeseen circumstances. This rescheduling may impact stakeholders’ planning and participation, but the company has ensured that the meeting details are accessible for those interested.

Medallion Metals Secures $50 Million Funding and Offtake Deal with Trafigura
Oct 27, 2025

Medallion Metals Ltd has announced a significant partnership with Trafigura Pte Ltd to secure up to US$50 million in funding and establish offtake agreements for the Ravensthorpe Gold Project and Forrestania processing operations. This collaboration will provide Medallion with the necessary capital to advance its project development, combining debt funding and offtake agreements with a globally recognized partner. The agreement is expected to enhance Medallion’s industry positioning by securing a strategic funding source without commodity price hedging requirements, potentially impacting stakeholders positively by ensuring project viability and growth.

Medallion Metals Announces Director Resignation
Oct 15, 2025

Medallion Metals Limited has announced the resignation of Anthony James from its board of directors, effective October 15, 2025. This change in leadership may impact the company’s strategic direction, as Mr. James held significant interests in the company, including 857,696 ordinary shares and a substantial number of unlisted options.

Medallion Metals Appoints New Director with Incentive Plan Participation
Oct 15, 2025

Medallion Metals Limited has announced the appointment of Siobhan Pelliccia as a director, effective from October 15, 2025. The announcement includes details of her interests in the company’s securities, which currently stand at nil, and her involvement in the company’s Incentive Awards Plan, which includes 600,000 unlisted securities subject to shareholder approval.

Medallion Metals to Present at Australian Gold Conference
Oct 14, 2025

Medallion Metals Limited, a mining company specializing in sulphide production, is set to provide investor updates, including a presentation at the Australian Gold Conference. This initiative is part of their strategy to rapidly increase cash flows by utilizing existing infrastructure, which could strengthen their market position and offer significant returns to stakeholders.

Medallion Metals Director Increases Shareholding
Oct 13, 2025

Medallion Metals Limited has announced a change in the director’s interest notice, specifically involving Paul Bennett. The change reflects the exercise of 900,000 unlisted options into ordinary fully paid shares, increasing the total number of shares held by Bennett and his associated entities. This transaction, valued at $9,000, indicates a strategic move by the director, potentially signaling confidence in the company’s future performance.

Medallion Metals Issues 1.65 Million Shares in Strategic Move
Oct 13, 2025

Medallion Metals Limited has issued 1,650,000 ordinary shares without a disclosure to investors under the Corporations Act, as part of its strategic financial maneuvers. This issuance is compliant with relevant legal provisions, indicating the company’s adherence to regulatory standards, and could potentially impact its financial standing and shareholder value.

Medallion Metals Ltd Announces Quotation of New Securities on ASX
Oct 13, 2025

Medallion Metals Ltd announced the quotation of 1,650,000 new ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code MM8. This move is part of the company’s strategy to leverage convertible securities, potentially impacting its market positioning by increasing liquidity and attracting more investors.

Medallion Metals Announces Cessation of 500,000 Securities
Oct 13, 2025

Medallion Metals Ltd announced the cessation of 500,000 securities due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could have implications for stakeholders regarding the company’s operational and strategic positioning.

Medallion Metals Strengthens Leadership for Production Transition
Oct 9, 2025

Medallion Metals Limited has announced key leadership appointments to support its transition to gold and copper production. Tony James will become the Chief Operating Officer, while Stephen Moloney is appointed as Corporate Development Manager. Additionally, David Kelly and Siobhan Pelliccia join the Board as Non-Executive Directors, bringing expertise in geology, mining operations, and ESG. These strategic appointments are expected to enhance Medallion’s operational and strategic capabilities as it advances its sulphide production strategy and broader growth initiatives.

Medallion Metals Advances Ravensthorpe Gold Project with Key Permitting Milestone
Sep 25, 2025

Medallion Metals Ltd has reached a significant permitting milestone for its Ravensthorpe Gold Project, as the public comment period under the EPBC Act concluded without any submissions. This marks a critical step in the company’s sulphide development strategy, with final documents to be submitted in October 2025 and an assessment decision expected by the end of the year. Approval under the EPBC Act is crucial for the project’s development timeline, with further secondary approvals required under Western Australian legislation.

Medallion Metals Sets Date for 2025 AGM and Director Nominations
Sep 24, 2025

Medallion Metals Limited, a company listed on the Australian Securities Exchange under the ticker MM8, has announced the date for its 2025 Annual General Meeting (AGM), which is set for November 19, 2025. The meeting will include the re-election of a director, and the deadline for director nominations is October 1, 2025. This announcement is part of the company’s governance process, ensuring transparency and stakeholder engagement in its leadership decisions.

Medallion Metals to Present Investor Updates on Strategic Production Plans
Sep 16, 2025

Medallion Metals Limited, under the leadership of Managing Director Paul Bennett, is set to provide investor updates highlighting its production strategy. The company is focused on rapidly achieving strong cash flows by leveraging its infrastructure, which is expected to enhance value and returns. This strategic move could potentially impact Medallion’s operations and market positioning positively.

Medallion Metals Ltd Reinforces Governance Framework
Sep 16, 2025

Medallion Metals Ltd has released its Corporate Governance Statement, highlighting the adoption of key governance policies and procedures in accordance with the ASX’s Corporate Governance Principles and Recommendations. The statement outlines the company’s commitment to maintaining robust governance practices, including the establishment of a formal Board Charter and the implementation of thorough checks for appointing directors. This approach is intended to ensure effective management oversight and accountability, aligning with the company’s growth and development objectives.

Medallion Metals Ltd Releases 2025 Annual Report
Sep 16, 2025

Medallion Metals Ltd has released its annual report for the year ending June 30, 2025. The report provides a comprehensive overview of the company’s financial performance, governance, and operational highlights. It includes detailed financial statements and a review of operations, which are crucial for stakeholders to assess the company’s market position and future prospects.

Medallion Metals Secures Key Equipment for Gold Production Strategy
Sep 16, 2025

Medallion Metals Limited has secured a new secondary ball mill, marking a significant step in its Sulphide Production Strategy. This procurement is crucial for achieving the target production rates at the Cosmic Boy Concentrator and is part of the company’s efforts to streamline its development timeline and minimize the gap between the final investment decision and the start of production.

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: Nov 30, 2025