Allup Silica Ltd. (AU:MML)
ASX:MML
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Allup Silica Ltd.
(Sydney:MML)
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Rating:43Neutral
Price Target:
AU$0.01
â–¼(-30.00% Downside)
Action:UpgradedDate:04/21/26
The score is primarily held down by very weak financial performance (near-zero revenue, large losses, and ongoing cash burn), only partially offset by low balance-sheet leverage. Technicals are also unfavorable with price below key moving averages and negative MACD, while valuation is constrained by a loss-making (negative P/E) profile and no dividend yield data.
Positive Factors
Low leverage / no debt
A near-zero debt position materially reduces refinancing and interest-rate risk, providing the company strategic financial flexibility. Over the next 2–6 months this preserves optionality to raise development capital or allocate cash to exploration without immediate fixed-charge pressure.
Negative Factors
Minimal revenue; large losses
Near-zero revenue combined with multi‑million losses indicates the current cost base is far detached from sales. Over months this undermines operational sustainability, limits reinvestment capacity, and forces reliance on external funding unless revenue is materially restored.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / no debt
A near-zero debt position materially reduces refinancing and interest-rate risk, providing the company strategic financial flexibility. Over the next 2–6 months this preserves optionality to raise development capital or allocate cash to exploration without immediate fixed-charge pressure.
Read all positive factors
Allup Silica Ltd. (MML) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.44M
Dividend YieldN/A
Average Volume (3M)1.08M
Price to Earnings (P/E)―
Beta (1Y)-0.86
Revenue GrowthN/A
EPS Growth40.33%
CountryAU
Employees4,800
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding402,336,150
10 Day Avg. Volume743,821
30 Day Avg. Volume1,084,939
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.79
Price to Sales (P/S)290.66
P/FCF Ratio-0.73
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
Allup Silica Ltd. Business Overview & Revenue Model
Company Description
McLaren Minerals Limited engages in the exploration and evaluation of mineral resources in Western Australia. It primarily explores for silica sand. The company was formerly known as Allup Silica Limited and changed its name to McLaren Minerals Li...
How the Company Makes Money
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Allup Silica Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.95K | 7.95K | 2.16K | 0.00 | 0.00 | 179.04M |
| Gross Profit | 4.80K | 7.95K | 2.16K | -4.82K | -862.00 | 73.92M |
| EBITDA | -1.89M | -2.36M | -1.45M | -1.73M | -754.96K | -180.49K |
| Net Income | -1.94M | -2.37M | -1.42M | -1.65M | -891.14K | 47.26M |
Balance Sheet | ||||||
| Total Assets | 6.38M | 3.12M | 3.10M | 4.46M | 5.81M | 216.53M |
| Cash, Cash Equivalents and Short-Term Investments | 2.89M | 304.78K | 1.18M | 3.18M | 4.91M | 780.45K |
| Total Debt | 0.00 | 0.00 | 123.86K | 160.17K | 0.00 | 3.20M |
| Total Liabilities | 133.02K | 193.90K | 240.78K | 319.74K | 79.64K | 23.46M |
| Stockholders Equity | 6.25M | 2.93M | 2.86M | 4.14M | 5.73M | 193.07M |
Cash Flow | ||||||
| Free Cash Flow | -2.01M | -3.15M | -1.96M | -1.73M | -1.04M | 35.80M |
| Operating Cash Flow | -1.17M | -1.21M | -1.13M | -1.14M | -710.18K | 64.44M |
| Investing Cash Flow | -1.52M | -1.94M | -827.41K | -591.05K | -326.89K | -39.44M |
| Financing Cash Flow | 5.68M | 2.28M | -43.89K | -366.00 | 5.17M | -12.64M |
Allup Silica Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
47 Neutral | AU$13.45M | -0.46 | -10.16% | ― | ― | 78.00% | |
46 Neutral | AU$21.10M | -7.18 | -4.78% | ― | ― | 16.67% | |
43 Neutral | AU$6.44M | -2.02 | -42.24% | ― | ― | 40.33% | |
42 Neutral | AU$7.79M | -8.41 | -26.29% | ― | ― | 76.73% | |
40 Underperform | AU$25.60M | ― | -227.69% | ― | ― | ― | |
40 Underperform | AU$17.45M | -1.51 | -104.39% | ― | 203.53% | 10.19% |
* Basic Materials Sector Average
AU:MML
Allup Silica Ltd.
0.02
-0.02
-50.00%
AU:SFX
Sheffield Resources Limited
0.03
-0.14
-80.57%
AU:TSL
Titanium Sands
0.01
0.00
0.00%
AU:MRC
Mineral Commodities Ltd
0.03
0.00
0.00%
AU:WAK
WA Kaolin Ltd.
0.03
-0.02
-39.02%
AU:IND
Industrial Minerals Limited
0.10
-0.04
-30.71%
Allup Silica Ltd. Corporate Events
McLaren Minerals Launches Share Purchase Plan to Fund Critical Minerals Projects
Apr 16, 2026
McLaren Minerals Limited has announced that it will conduct a Share Purchase Plan to offer fully paid ordinary shares to eligible investors without a full disclosure document, relying on provisions of the Corporations Act and an ASIC instrument. T...
McLaren Minerals launches fully underwritten A$1.5m share purchase plan
Apr 16, 2026
McLaren Minerals is launching a fully underwritten share purchase plan to raise approximately A$1.5 million, offering new shares at A$0.016 each, a 15.5% discount to the recent five-day volume-weighted average price, with one free option for every...
McLaren Minerals issues updated investor presentation and technical confirmations
Apr 16, 2026
McLaren Minerals Ltd. has released an investor presentation providing an overview of its activities and current information as of April 2026, aimed at informing prospective and existing investors rather than offering securities. The document outli...
McLaren Minerals Plans Large ASX Options Issue for Capital Flexibility
Apr 16, 2026
McLaren Minerals Limited has lodged details of a proposed issue of options with the ASX, outlining a placement or similar issue structure. The company is seeking approval for quotation of the new securities in line with ASX Listing Rules and assoc...
McLaren Minerals Plans Major Share and Option Issue for May 2026
Apr 16, 2026
McLaren Minerals Limited has notified the ASX of a proposed capital raising via a placement or similar issue structure. The company plans to issue up to 62,500,000 ordinary fully paid shares and 31,250,000 options, with the new securities schedule...
McLaren Minerals Launches Securities Purchase Plan to Issue New Shares and Options
Apr 16, 2026
McLaren Minerals Limited has outlined a proposed securities purchase plan under which it may issue up to 93,750,000 new fully paid ordinary shares and 46,875,000 options expiring 5 February 2028. The offer is scheduled with a record date of 15 Apr...
McLaren Minerals launches discounted A$1.5m share purchase plan
Apr 16, 2026
McLaren Minerals has launched a share purchase plan offering eligible shareholders in Australia and New Zealand up to A$30,000 of new shares at A$0.016 each, a discount of about 16% to the recent market price. Participants will also receive one fr...
McLaren Minerals Launches Discounted Share Purchase Plan With Attaching Options
Apr 16, 2026
McLaren Minerals Limited has launched a non-renounceable share purchase plan offering eligible shareholders in Australia and, with some restrictions, New Zealand, the opportunity to subscribe for up to A$30,000 of new shares at A$0.016 each. The i...
McLaren Minerals Launches Underwritten A$1.5m Share Purchase Plan
Apr 16, 2026
McLaren Minerals has launched an underwritten share purchase plan to raise approximately A$1.5 million by offering new shares at A$0.016 each to eligible shareholders in Australia and New Zealand. The offer includes the opportunity for participant...
McLaren Minerals Halts Trading Ahead of Material Capital Raising
Apr 13, 2026
Trading in McLaren Minerals Ltd. shares has been halted on the ASX at the company’s request while it prepares a material capital-raising announcement. The halt will remain in place until either the capital-raising details are released to the...
McLaren Maps 54 km Zircon-Rich Mineral Sands Corridor at Barossa
Mar 23, 2026
McLaren Minerals has identified a district-scale, roughly 54 km zircon-rich mineral sands corridor with rare earth element potential at its Barossa Project in South Australia, following a technical review of historical exploration data. The system...
McLaren Minerals Uncovers High-Grade Mineral Sands at Barossa Project
Mar 18, 2026
McLaren Minerals has reported high-grade heavy mineral results from its recently acquired Barossa Project in the eastern Eucla Basin, following an initial review of historical drilling data. The project sits in a proven zircon province near Iluka ...
McLaren Minerals launches 13,000m drilling push at WA titanium project
Mar 17, 2026
McLaren Minerals Limited has begun a 13,000-metre drilling campaign at its McLaren Titanium Project in Western Australia, marking the first formal step of a bankable feasibility study. The program is designed to upgrade large portions of the exist...
McLaren Minerals Advances Flagship Titanium Project and Bolsters Mineral Sands Portfolio
Jan 30, 2026
McLaren Minerals has marked a significant step in advancing its McLaren Titanium Project in Western Australia, completing a Pre-Feasibility Study that confirms the operation as a large-scale, long-life and globally competitive titanium project und...
Capital Raising Dilutes Major Shareholder in McLaren Minerals
Jan 29, 2026
McLaren Minerals Limited has disclosed that investor Andrew Haythorpe, along with associated entities Tesha Pty Ltd as trustee for The Nimrod Trust and Ouro Pty Ltd, has ceased to be a substantial holder in the company as of 20 January 2026. The c...
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.