Caeneus Minerals Limited (MTL) AI Stock Analysis

• Market Cap: AU$7.23M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): -0.59
• Revenue Growth: N/A
• EPS Growth: 50.00%
• Country: AU
• Employees: 28
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: 7,233,114,700
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.13
• Price to Book (P/B): -6.77
• Price to Sales (P/S): 3708.05
• P/FCF Ratio: -5.64
• 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: 44 Neutral
• Price Target: ―

Overall score is pulled down primarily by very weak financial performance (sharp FY2025 revenue decline, persistent large losses, ongoing cash burn, and negative equity). Technical and valuation signals are largely unavailable, so they have a neutral impact due to insufficient data.

Positive Factors

Strategic Focus on Exploration

The strategic focus on exploration with new targets at Yule River enhances Mantle's exploration capabilities, potentially increasing the value of its retained projects and strengthening its market position in the mining sector.

Cash Return of Capital

The cash return of capital reflects a commitment to shareholder value, potentially improving investor confidence and impacting the company's financial structure positively over the long term.

Shareholder Support

The passing of all AGM resolutions, including management re-election, indicates strong shareholder support for the company's strategic direction, which can bolster management's ability to execute long-term plans.

Negative Factors

Revenue Decline

A sharp decline in revenue suggests significant challenges in maintaining market share or demand, which could hinder long-term growth prospects and financial stability.

Negative Cash Flow

Consistently negative cash flow indicates the business is not self-sustaining, necessitating external funding and posing risks to long-term financial health and operational continuity.

Negative Shareholder Equity

Negative shareholder equity highlights solvency risks and limits financial flexibility, potentially impacting the company's ability to invest in growth opportunities and manage liabilities effectively.

Caeneus Minerals Limited Business Overview & Revenue Model

Company Description

Mantle Minerals Limited operates as a junior exploration company in Australia and the United States. It explores for lithium, gold, and nickel deposits. The company primarily exploring at its Robert's Hill gold project, which is located north of De Grey Mining's discovery at Hemi in Western Australia. The company was formerly known as Caeneus Minerals Ltd and changed its name to Mantle Minerals Limited in December 2022. Mantle Minerals Limited was incorporated in 1998 and is based in Nedlands, Australia.

How the Company Makes Money

Caeneus Minerals Limited makes money primarily through the exploration and potential development of mineral resources. The company's revenue model includes identifying mineral-rich properties, conducting exploration activities to assess the viability of mining, and then either developing these sites into operational mines or selling the rights to other mining companies. Revenue can be generated through joint ventures, partnerships, or outright sales of their exploration rights. Additionally, the company may raise funds through equity financing to support its exploration activities. Success in discovering commercially viable mineral deposits can lead to lucrative deals with larger mining companies or the eventual establishment of mining operations, which can generate substantial revenue.

Caeneus Minerals Limited Financial Statement Overview

Summary

Caeneus Minerals Limited is struggling financially with inconsistent revenue, ongoing losses, and a negative equity position at times. The company relies heavily on external financing to manage cash shortfalls, indicating significant financial risk and instability.

Income Statement

The company's revenue has been inconsistent, with a significant drop in the latest year. Gross profit margins are weak, and the company is consistently operating at a loss, evidenced by negative EBIT and net income. The negative net profit margin indicates ongoing profitability challenges.

Balance Sheet

The company has a negative equity position in some years, indicating financial instability. The debt-to-equity ratio is not applicable due to low or negative equity. Asset levels are minimal, and liabilities exceed assets, suggesting financial vulnerability.

Cash Flow

The operating cash flow is consistently negative, reflecting cash strain. Free cash flow is also negative, indicating insufficient cash generation to cover expenses. The cash flow from financing activities is positive, suggesting reliance on external funding.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.79K	2.18K	13.59K	68.28K	0.00	5.00K
Gross Profit	-903.00	2.18K	13.59K	9.69K	-40.08K	4.28K
EBITDA	-391.69K	-790.05K	-2.52M	-2.67M	-4.20M	-2.59M
Net Income	-1.23M	-1.23M	-2.59M	-2.73M	-4.24M	-2.59M
Balance Sheet
Total Assets	81.94K	81.94K	905.44K	2.99M	1.67M	1.68M
Cash, Cash Equivalents and Short-Term Investments	50.04K	50.04K	777.05K	2.91M	1.29M	1.64M
Total Debt	676.21K	676.21K	0.00	3.14K	177.03K	0.00
Total Liabilities	1.28M	1.28M	871.45K	467.85K	641.69K	406.67K
Stockholders Equity	-1.20M	-1.20M	33.99K	2.52M	1.03M	1.27M
Cash Flow
Free Cash Flow	-1.22M	-1.43M	-2.22M	-2.61M	-3.79M	-1.54M
Operating Cash Flow	-294.89K	-294.89K	-836.79K	-843.90K	-1.15M	-785.73K
Investing Cash Flow	-1.13M	-1.13M	1.16M	-4.27M	-2.72M	-780.57K
Financing Cash Flow	700.00K	700.00K	90.24K	4.19M	3.52M	2.88M

Caeneus Minerals Limited 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%
GRE	52 Neutral	AU$22.07M	-1.21	-80.21%	―	―	-69.98%
ENX	51 Neutral	AU$60.20M	-13.28	-61.77%	―	―	-45.08%
SVY	51 Neutral	AU$13.70M	-2.47	-56.10%	―	―	44.90%
GTE	48 Neutral	AU$10.22M	-1.46	-44.06%	―	―	34.57%
MTL	44 Neutral	AU$7.23M	―	―	―	―	50.00%
G88	43 Neutral	AU$4.41M	-1.19	-81.85%	―	―	-58.49%

Caeneus Minerals Limited Corporate Events

Mantle Minerals Updates Capital Return Schedule and Tax Ruling

Mantle Minerals Limited has announced an update on its capital return, which began distribution on November 3, 2025. The company has outlined a detailed schedule for ongoing payments, encouraging shareholders to update their bank and tax details to avoid delays. Additionally, Mantle has applied for a Class Ruling with the Australian Taxation Office, expecting that no Australian tax will be payable by shareholders for shares held on capital account. The company has also provided an updated capital structure following the capital return.

Mantle Minerals Advances Exploration with Strategic Sale and New Targets

Mantle Minerals Limited has completed the sale of Mt Roe Mining Pty Ltd to Northern Star Resources Ltd for AUD$13.5 million, retaining its core projects, Yule River and Pardoo. The company has identified eleven promising targets at the Yule River Project, with plans to conduct a ground gravity survey to refine drill targets for 2026. This strategic focus aims to enhance Mantle’s exploration capabilities and strengthen its position in the mining sector, potentially impacting stakeholders by advancing its exploration portfolio and increasing the value of its retained projects.

Mantle Minerals Limited Confirms Cash Return of Capital

Mantle Minerals Limited, trading under the ASX code MTL, has announced a cash return of capital to its shareholders following the confirmation of shareholder approval. This update confirms that the necessary security holder approval was received on October 21, 2025, allowing the company to proceed with the cash return of capital, which may impact the company’s financial structure and shareholder value.

Mantle Minerals AGM: All Resolutions Passed

Mantle Minerals Limited, listed on the ASX under the ticker MTL, held its Annual General Meeting of Shareholders on October 21, 2025, in West Perth, WA. During the meeting, all four resolutions presented were passed via a poll, including the adoption of the remuneration report, the re-election of Johnathon Busing, approval of a capital return, and the approval of a 7.1A mandate. This outcome reflects shareholder support for the company’s current management and strategic direction, potentially strengthening its position in the industry.

Mantle Minerals Limited Issues 400 Million Unquoted Equity Options

Mantle Minerals Limited has announced the issuance of unquoted equity securities, specifically 400,000,000 options expiring on September 19, 2030, with an exercise price of $0.0015. This issuance could potentially impact the company’s capital structure and provide additional funding opportunities, influencing its strategic operations and market positioning.