MinRex Resources Limited (MRR) AI Stock Analysis

• Market Cap: AU$9.76M
• Dividend Yield: N/A
• Average Volume (3M): 2.26M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.32
• Revenue Growth: N/A
• EPS Growth: 83.62%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 71
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 1,084,867,600
• 10 Day Avg. Volume: 844,538
• 30 Day Avg. Volume: 2,257,600
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.10
• 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

• Rating: 33 Underperform
• Price Target: ―

MinRex Resources Limited is grappling with severe financial difficulties due to a lack of revenue generation and persistent net losses. The negative cash flows and unfavorable valuation reflect ongoing financial instability. Additionally, the absence of technical indicators and a negative beta add to the stock's uncertainty. Investors should exercise caution given these considerable risks.

MinRex Resources Limited Business Overview & Revenue Model

Company Description

MinRex Resources Limited engages in the exploration and development of mineral properties. It focuses on the exploration of gold, silver, copper, and other base metal projects in New South Wales (NSW) and Western Australia. The company holds 70% interests in the Marble Bar North, Marble Bar South, Daltons, and Bamboo Creek gold projects in the East Pilbara region of Western Australia; and 100% interests in the Deflector Extended Gold project located at Gullewa in Western Australia. It also holds 7 exploration licenses in Mt Pleasant, Sofala, and Sunny Corner Projects with an area of 514 square kilometers in the Lachlan Fold Belt in NSW; and exploration licenses in lithium and tantalum deposits, as well as holds farm-in rights for 80% interest in EL7974 and EL7423 projects, and 90% interest in the exploration area of EL 5964 project. The company was formerly known as MinRex Resources NL and changed its name to MinRex Resources Limited in January 2016. MinRex Resources Limited was incorporated in 2011 and is based in Perth, Australia.

How the Company Makes Money

MinRex Resources Limited makes money primarily through the exploration and development of mineral resources, specifically targeting gold and base metals. The company generates revenue by discovering economically viable mineral deposits, which can then be developed into profitable mining operations. This may involve selling mineral rights, entering joint ventures, or selling discovered resources to larger mining companies. Strategic partnerships with other mining firms and investors can also provide financial support and revenue opportunities through shared exploration costs and potential project advancements. MinRex Resources' earnings are significantly influenced by mineral market prices, exploration success, and the company's ability to efficiently manage exploration activities.

MinRex Resources Limited Financial Statement Overview

Summary

MinRex Resources Limited faces significant financial challenges with no revenue generation and consistent net losses. While the balance sheet shows a low leverage position, the lack of revenue and negative cash flows suggest difficulties in achieving financial sustainability and growth.

Income Statement

MinRex Resources Limited has shown consistent losses over the years with no revenue generation, leading to negative gross, EBIT, and net profit margins. The company has not demonstrated any revenue growth, highlighting a challenging financial trajectory.

Balance Sheet

The company maintains a low debt-to-equity ratio, implying limited leverage and a strong equity position relative to debt. However, the lack of revenue generation and consistent net losses present potential risks to maintaining financial stability in the long term.

Cash Flow

Negative operating and free cash flows indicate operational challenges and a reliance on external financing. Despite a decrease in free cash outflows, the lack of revenue growth remains a critical concern for cash flow sustainability.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	14.81K	0.00	0.00	0.00	0.00	0.00
Gross Profit	-20.19K	-70.31K	-113.36K	-66.82K	-50.93K	-26.42K
EBITDA	-1.51M	-4.23M	-17.19M	-2.65M	-1.00M	-920.61K
Net Income	-2.05M	-4.30M	-17.31M	-2.72M	-1.06M	-948.10K
Balance Sheet
Total Assets	13.60M	14.81M	19.03M	34.60M	12.08M	6.26M
Cash, Cash Equivalents and Short-Term Investments	9.45M	9.94M	11.69M	14.19M	2.45M	503.69K
Total Debt	53.65K	71.73K	105.03K	129.71K	102.69K	47.98K
Total Liabilities	189.02K	270.44K	532.39K	475.47K	452.62K	125.07K
Stockholders Equity	13.41M	14.53M	18.50M	34.12M	11.63M	6.14M
Cash Flow
Free Cash Flow	-843.33K	-2.13M	-3.69M	-2.65M	-1.04M	-967.25K
Operating Cash Flow	-843.34K	-1.98M	-3.54M	-2.35M	-664.79K	-964.98K
Investing Cash Flow	-405.18K	-7.94M	-192.45K	-232.13K	-379.12K	-2.27K
Financing Cash Flow	-38.75K	-37.81K	1.23M	14.32M	2.99M	913.76K

MinRex Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	58 Neutral	HK$16.70B	4.48	-5.92%	5.25%	-3.57%	-61.41%
CAZ	55 Neutral	AU$9.69M	―	-25.02%	―	―	-285.71%
SRN	45 Neutral	AU$9.12M	―	-31.16%	―	―	70.59%
CPN	38 Underperform	AU$8.40M	―	-78.23%	―	―	79.78%
MRR	33 Underperform	AU$9.76M	―	-14.37%	―	―	83.62%
9S70		€4.61M	―	-8.08%	―	―	―
BMG	33 Underperform	AU$9.29M	―	-38.84%	―	―	-92.86%

MinRex Resources Limited Corporate Events

MinRex Resources to Begin Drilling at Fraser Range Copper-Gold Project

MinRex Resources Limited has announced that West Cobar Metals Limited has received the necessary approvals to commence drilling at the Fraser Range Project in Western Australia. The project targets copper-gold deposits, with drilling expected to start in mid-May 2025. The program, fully funded by MinRex up to $500,000, aims to explore five priority targets, enhancing the company’s strategic positioning in the mineral-rich Fraser Range region.

West Cobar Metals to Commence Drilling at Fraser Range

West Cobar Metals Limited, operating in the mining industry, is set to begin a drilling program at its Fraser Range Project in Western Australia, targeting copper-gold and base metal deposits. The drilling, fully funded by Minrex Resources Limited, aims to explore five priority targets with eight reverse circulation drill holes, potentially impacting the company’s exploration capabilities and positioning in the mineral resources sector.

MinRex Resources Closes Loyalty Option Offer, Raising $225,081

MinRex Resources Limited has successfully closed its Loyalty Option Offer, raising a total of $225,081 before costs, which will be used for the offer’s expenses and general working capital. The company received commitments for 127,500,000 new options, which will be issued on 17 April 2025, potentially strengthening its financial position and operational capabilities.

MinRex Resources Limited Releases Interim Financial Report for 2024

MinRex Resources Limited has released its consolidated interim financial report for the half-year ending December 31, 2024. The report provides a comprehensive overview of the company’s financial performance, including statements of income, financial position, equity changes, and cash flows. This release is significant for stakeholders as it offers insights into the company’s financial health and operational efficiency during the specified period.

MinRex Resources Updates Director’s Securities Interest

MinRex Resources Limited has announced a change in the securities interest of its director, James Pearse. The change involved the acquisition of 625,000 MRRO Listed Options, as part of a loyalty option entitlement offer. This update reflects adjustments in the director’s indirect interest through Lilijam Pty Ltd ATF Lilijam Family Trust, aligning with the company’s strategic financial maneuvers.

MinRex Resources Updates Loyalty Option Offer Details

MinRex Resources Limited has updated its previous announcement regarding the issuance of listed options under the Loyalty Option Offer. The total number of options issued was corrected to 97,851,533, from the earlier incorrect figure of 97,581,533. This update ensures accurate information for stakeholders, reflecting the company’s commitment to transparency and precise reporting.

MinRex Resources Limited Reports Concentrated Ownership in Listed Options

MinRex Resources Limited recently reported on its listed options with an expiration date of January 20, 2030, highlighting the distribution of holdings among investors. The majority of the issued share capital, 96.52%, is held by investors with holdings above 100,000 units, indicating a concentration of ownership among larger stakeholders. This distribution suggests a significant confidence in the company’s future prospects among major investors.

MinRex Resources Reveals Top Option Holders

MinRex Resources Limited has provided a report listing the top twenty holders of its listed options, which are priced at $0.02 and set to expire on January 20, 2030. The largest holder is ST Barnabas Investments Pty Ltd, with a 13.28% stake. This report outlines the distribution of ownership among significant stakeholders, which might influence investor perceptions and the company’s market dynamics.

MinRex Resources Announces New Security Issuance

MinRex Resources Limited announced a new issuance of 97,581,533 options, set to expire on January 20, 2030. This move is part of a previously announced transaction, potentially impacting the company’s financial structure and market strategy by increasing its available securities for investment and trading.

MinRex Resources Concludes Successful Entitlement Option Offer

MinRex Resources Limited has concluded its pro-rata non-renounceable entitlement option offer, allowing eligible shareholders to subscribe for new options. The company raised $97,581 from the offer, which saw 97,581,533 new options issued. Options not subscribed to will be available for up to three months as a shortfall offer. This development indicates MinRex’s strategic financial maneuvering to potentially enhance capital and broaden shareholder engagement.