Mt Monger Resources Ltd. (AU:MTM)
ASX:MTM
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Mt Monger Resources Ltd.
(Sydney:MTM)
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Rating:42Neutral
Price Target:
AU$0.50
▼(-26.96% Downside)
Action:ReiteratedDate:03/04/26
The score is primarily constrained by very weak financial performance (widening losses and sustained cash burn). Technicals also detract due to a clear downtrend and negative momentum, despite oversold readings. Valuation provides limited support because losses produce a negative P/E and there is no dividend yield.
Positive Factors
Balance-sheet buffer
Positive equity (~A$25.7M) and low reported leverage (debt-to-equity ~0.23) provide a durable financial buffer. That balance-sheet headroom reduces immediate refinancing pressure, supports continued exploration spending and gives management time to progress projects over the next 2–6 months.
Negative Factors
Deep unprofitability
Very large operating losses (FY2025 EBIT ≈ -A$30.1M) and a severely negative net margin indicate the business is not generating economic returns. Persisting losses erode equity, limit internal funding capacity and increase reliance on external capital, pressuring long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet buffer
Positive equity (~A$25.7M) and low reported leverage (debt-to-equity ~0.23) provide a durable financial buffer. That balance-sheet headroom reduces immediate refinancing pressure, supports continued exploration spending and gives management time to progress projects over the next 2–6 months.
Read all positive factors
Mt Monger Resources Ltd. (MTM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$386.84M
Dividend YieldN/A
Average Volume (3M)8.09M
Price to Earnings (P/E)―
Beta (1Y)4.78
Revenue GrowthN/A
EPS Growth-186.15%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.04
Shares Outstanding736,842,650
10 Day Avg. Volume8,646,901
30 Day Avg. Volume8,089,796
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)10.76
Price to Sales (P/S)2753.60
P/FCF Ratio-49.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.60Price Target Upside131.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.01
Revenue Forecast (FY)AU$46.40M
Mt Monger Resources Ltd. Business Overview & Revenue Model
Company Description
Metallium Limited, through its subsidiaries, explores for mineral tenements in Western Australia. The company explores for gold, niobium, base metals, lithium, nickel, cobalt, graphite, and rare earth elements. The company was formerly known as MT...
How the Company Makes Money
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Mt Monger Resources Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
52
Neutral
Cash Flow
14
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 100.53K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -426.80K | 100.53K | -19.96K | -18.86K | -15.05K | -242.00 |
| EBITDA | -50.40M | -30.00M | -3.93M | -1.73M | -1.26M | -861.60K |
| Net Income | -53.62M | -33.14M | -3.91M | -1.75M | -1.28M | -880.95K |
Balance Sheet | ||||||
| Total Assets | 79.81M | 32.94M | 18.71M | 8.92M | 5.52M | 1.61M |
| Cash, Cash Equivalents and Short-Term Investments | 29.82M | 7.34M | 2.49M | 2.56M | 1.40M | 85.68K |
| Total Debt | 6.03M | 5.97M | 4.91K | 13.73K | 21.68K | 373.87K |
| Total Liabilities | 13.94M | 7.22M | 398.65K | 401.18K | 490.50K | 912.82K |
| Stockholders Equity | 65.87M | 25.72M | 18.29M | 8.49M | 5.00M | 659.63K |
Cash Flow | ||||||
| Free Cash Flow | -26.69M | -5.65M | -4.52M | -3.40M | -3.05M | -801.91K |
| Operating Cash Flow | -9.80M | -4.67M | -2.03M | -1.28M | -1.29M | -241.63K |
| Investing Cash Flow | -23.49M | -6.81M | -3.65M | -2.12M | -1.77M | -560.27K |
| Financing Cash Flow | 58.12M | 16.33M | 5.61M | 4.56M | 4.37M | 887.59K |
Mt Monger Resources Ltd. Technical Analysis
Negative
0.69
Price Trends
0.79
Negative
0.82
Negative
0.83
Negative
Market Momentum
-0.07
Positive
34.47
Neutral
20.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MTM, the sentiment is Negative. The current price of 0.69 is above the 20-day moving average (MA) of 0.67, below the 50-day MA of 0.79, and below the 200-day MA of 0.83, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 34.47 is Neutral, neither overbought nor oversold. The STOCH value of 20.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MTM.
Mt Monger Resources 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% | |
53 Neutral | AU$513.02M | -5.72 | -61.67% | ― | ― | ― | |
52 Neutral | AU$473.74M | -55.50 | 0.41% | ― | ― | ― | |
49 Neutral | AU$749.29M | -127.78 | -1.01% | ― | ― | 42.55% | |
48 Neutral | AU$602.82M | 34.64 | -8.58% | ― | 28.45% | 79.93% | |
46 Neutral | AU$344.60M | -19.57 | -6.04% | ― | ― | -76.36% | |
42 Neutral | AU$386.84M | -6.45 | -117.09% | ― | ― | -186.15% |
* Basic Materials Sector Average
AU:MTM
Mt Monger Resources Ltd.
0.57
0.41
267.74%
AU:STK
Strickland Metals Ltd
0.19
0.11
131.25%
AU:29M
29metals Ltd.
0.35
0.18
114.29%
AU:LRV
Larvotto Resources Limited
1.00
0.11
13.07%
AU:AZY
Antipa Minerals Limited
0.52
0.10
23.81%
AU:SMI
Santana Minerals Ltd.
0.78
0.22
40.91%
Mt Monger Resources Ltd. Corporate Events
Metallium Ramps Up Gator Point Campus as Flash Joule Technology Nears Commercial Scale
Mar 15, 2026
Metallium Limited reported significant progress in the December 2025 half-year as it advances from technology development to early commercial production, centred on its Gator Point Technology Campus in Texas. The site is being built out with upgra...
Metallium Ramps Up Texas E‑Waste Metals Hub Toward 8,000 tpa Capacity
Mar 9, 2026
Metallium Limited has rapidly advanced the transformation of its Gator Point Technology Campus in Chambers County, Texas, into its primary U.S. technology demonstration and early commercial processing hub, completing major site rehabilitation, inf...
Metallium Clears 1.2 Million New Shares for Trading Under Cleansing Notice
Feb 10, 2026
Metallium Limited has issued 1,216,450 new fully paid ordinary shares, comprising 1,000,000 shares from the conversion of unlisted options and a further 216,450 shares at a deemed price of $0.924, and has lodged the necessary cleansing notice to a...
Metallium Seeks ASX Quotation for 1 Million New Ordinary Shares
Feb 10, 2026
Metallium Limited has lodged an application with the ASX for the quotation of 1,000,000 ordinary fully paid shares under the code MTM, with an issue date of 9 February 2026. The new securities arise from the exercise or conversion of existing opti...
Metallium Issues New Shares as Deferred Consideration for Critical Minerals Acquisitions
Feb 10, 2026
Metallium Limited has applied to the ASX for quotation of 216,450 fully paid ordinary shares, issued as second deferred consideration for two prior acquisitions. The shares relate to the purchase of Critical Element Exploration Pty Ltd and the Pom...
Metallium Completes Share Issuance for A$75m Capital Raise and Issues Cleansing Notice
Feb 4, 2026
Metallium Limited has completed the share issuance component of its A$75 million capital raising, placing a total of 4,600,672 new ordinary shares at A$0.84 each, including 595,238 shares issued in lieu of advisory fees. The company has issued a c...
Metallium Pays Advisors with Equity in ASX Quotation Request
Feb 4, 2026
Metallium Limited has applied to the ASX for quotation of 595,238 fully paid ordinary shares issued on 2 February 2026 as remuneration for advisory services, signalling that the company is using equity to manage service fees without drawing on cas...
Metallium Issues Over 86 Million New Shares Following A$75m Capital Raising
Jan 29, 2026
Metallium Limited has issued a total of 84,685,042 new ordinary fully paid shares at A$0.84 per share as part of a previously announced A$75 million capital raising cornerstoned by U.S. institutions, alongside 1,537,500 additional shares resulting...
Metallium Seeks ASX Quotation for 1.54 Million New Shares
Jan 29, 2026
Metallium Limited, listed on the ASX under the code MTM, has lodged an application with the exchange for the quotation of additional ordinary fully paid shares. The company will have 1,537,500 new ordinary shares quoted on the ASX as of 29 January...
Metallium Seeks ASX Quotation for 84.7 Million New Shares
Jan 29, 2026
Metallium Limited, listed on the ASX under the code MTM, has applied for quotation of additional ordinary fully paid shares. The announcement details the quotation of a total of 84,685,042 new MTM ordinary shares issued across two days in late Jan...
Metallium Starts Texas Plant Commissioning, Secures Glencore Feedstock and Boosts Cash for US Expansion
Jan 28, 2026
Metallium Limited reported a milestone December quarter marked by the start of commissioning at its Texas Technology Campus, where the first integrated chlorine flash using its FJH technology was successfully completed and dry and wet commissionin...
Metallium Raises $3.05m Through Option Conversions and Issues Incentive Shares
Jan 27, 2026
Metallium Limited has expanded its share capital through the issue of 15,250,000 fully paid ordinary shares from the conversion of unlisted options, raising $3.05 million in cash, alongside 657,245 shares issued in lieu of engineering fees to Knig...
Metallium Seeks ASX Quotation for Incentive Shares Issued to US Employee
Jan 22, 2026
Metallium Limited has applied to the ASX for quotation of 714,286 new ordinary fully paid shares issued on 22 January 2026 as an incentive-based performance and retention bonus to a US-based employee. The move reflects the company’s use of e...
Metallium Issues Shares to Supplier in Lieu of Cash Fees
Jan 21, 2026
Metallium Limited has applied to the ASX for quotation of 657,245 new fully paid ordinary shares, issued on 21 January 2026 under the company’s code MTM. The shares are being issued to supplier Knight Hawke Engineering in lieu of cash fees, ...
Metallium Seeks ASX Quotation for 15.25 Million New Shares
Jan 21, 2026
Metallium Limited, listed on the ASX under the code MTM, has applied for quotation of an additional 15,250,000 ordinary fully paid shares. These new securities result from the exercise or conversion of existing options or other convertible securit...
Metallium Plans Significant Equity Issue Via Appendix 3B Filing
Jan 20, 2026
Metallium Limited, listed on the ASX under code MTM, has lodged a notice of a proposed securities issue, indicating plans to expand its capital base through an equity transaction. The company has not provided additional operational or strategic co...
Metallium Raises A$75m from U.S. Institutions to Accelerate U.S. Critical Metals Push and NASDAQ Bid
Jan 20, 2026
Metallium Limited has completed a A$75 million strategic capital raising at A$0.84 per share, led by U.S. institutional investors with mandates in critical minerals, recycling technologies and domestic processing, increasing U.S. participation on ...
Metallium Requests ASX Trading Halt Ahead of Strategic US Capital Raising
Jan 19, 2026
Metallium Limited has requested and been granted a trading halt on its ASX-listed securities, effective from the start of trade on 19 January 2026, with the halt to remain in place until either the release of a pending announcement or the commence...
Metallium Secures First Binding E-Scrap Supply Deal with Glencore to Power U.S. Scale-Up
Jan 4, 2026
Metallium Limited has secured its first binding, multi-year electronic-scrap supply contract with Glencore, under which up to 2,400 tonnes per annum of PCB-rich e-scrap will be delivered to its U.S. operations. The deal underpins the commercial co...
Metallium Shares Halted Pending Material Feedstock Supply Agreement Update
Jan 1, 2026
Metallium Limited has requested and been granted a trading halt on its ASX-listed securities, pending the release of an announcement about a material feedstock supply agreement. The halt will remain in place until either the company releases the a...
Metallium Begins Commissioning at Texas Campus After First Successful Chlorine Flash
Dec 28, 2025
Metallium Limited has commenced formal commissioning at its Texas Technology Campus in Chambers County, Texas, after safely completing the first chlorine flash using its proprietary Flash Joule Heating technology, a key step in de-risking its U.S....
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.