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Minbos Resources Limited
(Sydney:MNB)
Minbos Resources Limited (MNB) vs. iShares MSCI Australia ETF (EWA)
Minbos Resources Limited Business Overview & Revenue Model
Minbos Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 100.65K | 0.00 | 0.00 | 95.68K | 0.00 | 2.10K |
| Gross Profit | -129.13K | -265.38K | -224.49K | 12.46K | 0.00 | -2.20K |
| EBITDA | -9.21M | -10.32M | -8.20M | -4.30M | -747.22K | -4.21M |
| Net Income | -8.42M | -9.74M | -7.54M | -4.58M | -804.62K | -4.16M |
Balance Sheet | ||||||
| Total Assets | 38.17M | 40.73M | 26.28M | 36.78M | 15.18M | 7.87M |
| Cash, Cash Equivalents and Short-Term Investments | 8.33M | 12.86M | 4.60M | 17.47M | 3.64M | 6.83M |
| Total Debt | 761.94K | 750.13K | 57.90K | 125.23K | 158.03K | 0.00 |
| Total Liabilities | 1.85M | 3.61M | 1.91M | 1.16M | 1.54M | 313.05K |
| Stockholders Equity | 33.28M | 35.78M | 25.94M | 35.63M | 13.64M | 7.55M |
Cash Flow | ||||||
| Free Cash Flow | -15.54M | -12.87M | -16.27M | -8.49M | -11.46M | -2.89M |
| Operating Cash Flow | -10.71M | -10.32M | -9.51M | -1.61M | -1.99M | -2.02M |
| Investing Cash Flow | -4.96M | -5.16M | -6.77M | -7.83M | -6.99M | -861.18K |
| Financing Cash Flow | 20.53M | 23.78M | 3.09M | 23.74M | 5.74M | 9.01M |
Minbos Resources Limited Peers Comparison
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% | |
44 Neutral | AU$32.22M | -1.90 | -12.11% | ― | ― | 23.60% | |
44 Neutral | AU$81.73M | -3.89 | -36.51% | ― | -100.00% | -477.06% | |
43 Neutral | AU$31.21M | -2.68 | -24.39% | ― | ― | ― | |
43 Neutral | AU$39.20M | -11.22 | -0.02% | ― | ― | -12.34% | |
42 Neutral | AU$247.83M | -16.15 | -29.71% | ― | -71.00% | 9.44% |
Minbos Resources Limited Corporate Events
Minbos Resources Limited has updated the terms of a proposed issue of lead manager options, clarifying that the options, to be issued on 17 March 2026, will now expire on 17 March 2029, three years from the actual issue date, rather than the previously stated 15 December 2028. The correction aligns the option expiry with the contractual three-year term, providing greater clarity for capital markets participants and ensuring accurate disclosure for investors assessing the company’s incentive structures and potential future equity dilution.
The announcement confirms that the proposed securities issue remains a placement or similar capital-raising structure, with only the expiry date of the lead manager options amended. By rectifying the earlier disclosure, Minbos reinforces compliance with ASX listing requirements and offers stakeholders more precise information on the timing and duration of incentives extended to its lead manager under the planned issuance.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources Limited has updated its proposed securities issue, notifying the ASX that the number of free attaching options under its securities purchase plan has increased. The revision reflects stronger-than-expected investor demand, with the options tied to the plan rising to 51,384,615 from the originally stated 38,461,538 on a 1-for-1 basis.
The change stems from the securities purchase plan being oversubscribed, triggering a higher volume of free attaching options for participating shareholders. This outcome signals robust shareholder support and enhances the company’s access to additional capital, potentially strengthening its financial position for ongoing and future resource projects.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources has released a transaction-specific prospectus dated 16 March 2026 detailing offers of up to 84,490,270 new options to various stakeholders, including participants in its share purchase plan, directors involved in a recent placement, and lead manager Alpine Capital Pty Ltd. The options, deemed highly speculative, are offered under Australia’s Corporations Act disclosure regime, with the company emphasizing that the document targets existing informed investors, outlines associated risks, and operates within strict ASIC and ASX regulatory and timing constraints.
The prospectus highlights that Minbos, as a disclosing entity, relies on continuous market announcements rather than full IPO-style disclosure, and cautions that no person is authorized to provide information beyond what is contained in the document. It also stresses that the offer is not investment advice, may be subject to jurisdictional restrictions outside Australia, and that forward-looking statements in the document are inherently uncertain and influenced by risk factors detailed in the company’s public filings.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources has disclosed a change in the interests of director Graeme Robertson, in line with ASX listing rule requirements for director shareholdings. The notice records that Robertson, through a combination of direct holdings and his associated entity Aspac Mining Limited, has acquired an additional 7,692,308 fully paid ordinary shares in the company without disposing of any existing shares or options.
The update increases Robertson’s equity exposure to Minbos, signalling strengthened alignment between the director and other shareholders. Such movements in director holdings are closely watched by investors as an indicator of management confidence and can influence perceptions of governance, oversight, and future value creation within the company.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources Limited has announced the immediate resignation of Iveta Sceales from her roles as Joint Company Secretary and Legal Counsel, with the board expressing its appreciation for her service during her tenure. Following her departure, Harry Miller will assume sole responsibility as Company Secretary and will remain the primary contact for communications between the company and the ASX, ensuring continuity in regulatory and market liaison functions.
The change in company secretarial responsibilities consolidates governance and compliance oversight under a single officer, which may streamline interactions with the stock exchange and other stakeholders. While the announcement signals a shift in the company’s corporate administration structure, Minbos has indicated that its obligations under ASX listing rules will continue to be managed by Mr Miller as the key point of contact.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources Limited has applied for quotation on the ASX of 11,538,462 new fully paid ordinary shares, dated 9 March 2026. The securities arise from previously announced transactions and their quotation will expand the company’s listed share base, potentially enhancing liquidity for existing and new investors.
The application, lodged as an Appendix 2A to the ASX on 10 March 2026, formalises the move to have these securities traded under the existing MNB code. While financial terms are not disclosed, the additional shares mark another step in executing Minbos’s previously outlined capital or transactional plans.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources Limited has issued 11,538,462 fully paid ordinary shares to directors Graeme Robertson and Valentine Chitalu, raising $300,000 at an issue price of $0.026 per share. The move follows a previously announced placement and shareholder approval, and further increases director equity participation in the company.
The company stated that the new shares were issued without a prospectus under relevant Corporations Act provisions and confirmed it is up to date with its financial reporting and continuous disclosure obligations. Minbos also noted that there is no excluded information that would affect the market, aiming to reassure investors about regulatory compliance and transparency around the capital raising.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources has secured a US$16 million debt facility from South Africa’s Industrial Development Corporation to fund Phase 2 construction of its Cabinda Phosphate Fertilizer Plant in Angola. The financing is expected to be in place with first drawdown by the end of March 2026, enabling structural, mechanical, electrical and instrumentation works to follow the completion of Phase 1.
Company executives recently held meetings in Luanda with Angola’s National Agency for Mineral Resources and the country’s sovereign wealth fund, FSDEA, confirming regulatory support and backing for the IDC loan. Minbos is also advancing discussions with an Angolan lender to complete the project’s construction funding and optimize the capital structure, which management says will de-risk the project for all financiers and strengthen its long-term fundamentals.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources Limited has applied for quotation on the ASX of 51,384,573 new fully paid ordinary shares, with an issue date of 6 February 2026. The additional securities, issued as part of previously announced transactions, will expand the company’s listed share base and may influence liquidity and capital structure for existing and new shareholders.
While the filing is largely procedural, the substantial volume of new shares underscores ongoing corporate activity that could support project development or strategic initiatives. The move may also impact ownership dilution and market valuation dynamics as the enlarged capital base begins trading on the ASX.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources Limited has issued a second addendum to its notice of general meeting, updating shareholders on an amendment to Resolution 7 ahead of the 16 February 2026 meeting. The change increases the maximum number of Share Purchase Plan (SPP) options for which approval is sought to 51,384,615, reflecting participation in the company’s recent SPP, while all other resolutions and explanatory materials remain unchanged. The company has clarified proxy voting procedures, confirming that previously lodged proxy forms remain valid unless shareholders wish to change their vote on Resolution 7, a step aimed at ensuring clear and orderly shareholder approval for the expanded SPP option issuance under ASX Listing Rule 7.1.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources has closed its recently launched Share Purchase Plan oversubscribed, receiving valid applications from eligible shareholders totalling $1.336 million at an issue price of $0.026 per share. The company will issue 51,384,573 new shares accompanied by a one-for-one free attaching option exercisable at $0.04 over three years, with the board choosing to accept the oversubscriptions and directors subscribing for $90,000, signalling strong internal and external support ahead of a shareholder vote on the option issuance later this month.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources Limited has issued an addendum to its previously released notice of general meeting, introducing a new Resolution 10 to be considered at the shareholders’ meeting scheduled for 16 February 2026 in Perth. The additional resolution seeks shareholder approval under Listing Rule 10.11 for the company to issue up to 1,153,846 options under its share purchase plan to director Graeme Robertson or his nominees, and is accompanied by an updated voting exclusion statement and a replacement proxy form. The company has clarified how previously lodged proxy forms will be treated and instructed shareholders who wish to vote on the new resolution to submit the replacement proxy form, underscoring governance and compliance requirements around director-related securities issuances.
The most recent analyst rating on (AU:MNB) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources reported negative operating cash flow of A$1.86 million for the December 2025 quarter and A$9.28 million for the year to date, reflecting ongoing staff, administration and non-mining project costs with limited customer receipts. The company also recorded A$2.55 million in quarterly investing outflows, mainly for property, plant and equipment and mine properties under development, while partially offsetting these with A$2.81 million in financing inflows from equity issues, ending the quarter with cash and cash equivalents of A$2.29 million, highlighting continued reliance on capital markets to fund its development activities and maintain liquidity.
The most recent analyst rating on (AU:MNB) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources reported progress on multiple debt financing facilities during the December 2025 quarter, moving toward financial close on a US$16 million loan with South Africa’s Industrial Development Corporation, advancing credit approval for a Banco de Fomento Angola facility, and working to satisfy the remaining condition precedent for a Banco BAI loan by converting its Angolan subsidiary into a public limited company. Operationally, the company unveiled an updated development plan for the Cabinda Phosphate Project that allows an accelerated start to production and sales using uncrushed, dewatered phosphate rock, cutting initial capital by about US$20 million and early-phase operating costs by roughly US$17 per tonne, while it continues to pursue full-scale beneficiation and granulation to meet long-term fertilizer demand. In parallel, Minbos signed a binding agreement with Talus Renewables to jointly develop the Capanda Green Ammonia Project via a 50:50 joint venture using modular green ammonia technology and up to 100 MW of hydropower, aiming at premium export markets in Europe and Asia as well as regional fertilizer and mining sectors, a move that deepens the company’s downstream integration and positions it as a low-carbon nitrogen supplier from 2028 onward.
The most recent analyst rating on (AU:MNB) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources has updated the indicative timetable for its previously announced Share Purchase Plan, setting out key dates for the offer period, issuance, and quotation of new shares and associated options on the ASX. The plan will now open to eligible shareholders on 29 December 2025 and close on 2 February 2026, with SPP shares expected to commence normal trading on 9 February 2026 and SPP options on 19 February 2026, subject to shareholder approvals and ASX Listing Rules, and with the company reserving the right to adjust or withdraw the offer.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources Limited has called a General Meeting of shareholders for 10:00am (WST) on Monday, 16 February 2026, to be held at Level 5, 191 St Georges Terrace, Perth, Western Australia. In line with corporate law requirements, the company will provide electronic access to the Notice of Meeting via its website and will send physical copies only to shareholders who have opted in, while outlining multiple methods for shareholders to lodge proxy votes ahead of the meeting. The board has emphasised the importance of shareholder participation in the vote, clarified eligibility based on the share register as at 10:00am (WST) on 14 February 2026, and indicated that the chair intends to vote all open proxies in favour of the proposed resolutions, highlighting a coordinated effort to secure support for the agenda.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources Limited has lodged a notice of proposed securities issuance with the ASX, outlining plans to issue up to 21,567,235 options, designated MNBOC and expiring on 15 December 2028, via a placement or similar form of capital raising. The options, expected to be issued on 20 February 2026, form part of the company’s broader funding strategy and reflect ongoing efforts to access equity markets to support its operations and potential project development, with the structure subject to ASX quotation processes under the listing rules.
The most recent analyst rating on (AU:MNB) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Minbos Resources Limited stock, see the AU:MNB Stock Forecast page.
Minbos Resources has updated the timetable for its recently announced Share Purchase Plan, delaying the opening date and dispatch of the offer booklet to eligible shareholders to 29 December 2025. The revised schedule sets a new closing date of 2 February 2026, with prospectus lodgement for accompanying options on 5 February, allocation of new shares and options and results announcement on 6 February, and normal ASX trading of the SPP shares expected to commence on 9 February 2026, giving investors clearer visibility on the capital raising process and associated securities issuance.
Minbos Resources has secured a waiver from the ASX to proceed with its planned share purchase plan (SPP) without requiring shareholder approval, aligning the SPP with the terms of a recent placement at an issue price of at least A$0.026 per share and capping new shares at 30% of existing capital. The waiver also allows directors to participate in the SPP on the same pricing and scaling terms as other shareholders, enabling the company to broaden participation in its funding initiative while remaining within ASX and ASIC regulatory parameters and potentially accelerating its capital-raising timetable.
Minbos Resources has released a holdings range report for its MNBOC listed options, showing that as at 15 December 2025 a total of 117,864,951 options are on issue, held by 71 holders. The distribution is highly concentrated, with 50 holders in the 100,000-plus bracket controlling 98.55% of the options and only 21 smaller holders collectively owning the remaining 1.45%, indicating that the company’s derivative securities are predominantly in the hands of larger or more sophisticated investors, which may influence liquidity and trading dynamics for these options.
Minbos Resources has released an updated top holders report for its listed options (MNBOC), showing that the 20 largest option holders collectively control 92.11% of the 117.86 million options on issue. The register is highly concentrated, with Palisades Investments Ltd alone holding 45.68% of the options, and several other investment firms, nominee companies, and private investors making up the remainder, underscoring a tightly held derivative structure that could significantly influence future capital-raising outcomes and trading liquidity in the company’s options and underlying shares.
Minbos Resources Limited has applied to the ASX for quotation of a new class of listed options, with 117,864,951 options to be issued, each exercisable at $0.04 and expiring on 15 December 2028. The move significantly expands the company’s listed equity derivatives and provides a potential future capital-raising mechanism, giving investors additional leverage-based exposure to the company’s shares and signalling an effort to deepen liquidity and broaden its capital structure ahead of longer-term strategic objectives.