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Peel Mining Limited (AU:PEX)
ASX:PEX

Peel Mining Limited (PEX) AI Stock Analysis

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AU:PEX

Peel Mining Limited

(Sydney:PEX)

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Neutral 57 (OpenAI - 5.2)
Rating:57Neutral
Price Target:
AU$0.17
â–²(3.75% Upside)
The score is held back primarily by weak fundamentals—ongoing losses and materially negative operating/free cash flow—despite a strong, debt-free balance sheet. Technicals are a positive offset (price above key moving averages with positive MACD), while valuation remains challenging due to negative earnings and no dividend yield data.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces solvency and refinancing risk for an explorer, preserving optionality to pursue farm-outs, joint ventures or project-level debt without corporate leverage. This durable financial flexibility supports multi-year exploration cycles.
Substantial equity backing
A large equity cushion relative to assets provides a buffer for write-downs, supports ongoing permitting and feasibility spending, and underpins the company’s ability to retain project ownership while seeking partners—strengthening long-term project optionality.
Revenue rebound
A ~199% revenue increase signals operational progress from exploration/development activities and early monetisation outcomes. While small in absolute terms, sustained revenue growth would indicate the business progressing toward commercialisation or partner-funded milestones over the medium term.
Negative Factors
Negative cash generation
Persistent negative operating and free cash flow demonstrates the business cannot self-fund exploration and development. Over a multi-month horizon this necessitates external financing or asset sales, raising execution risk and potential dilution until cash generation reverses.
Ongoing net losses and weak margins
Recurrent negative EBIT and net losses show the company remains in an investment phase without sustainable earnings. Continued negative margins limit internal funding for project advancement and increase dependence on partner funding or capital markets over the medium term.
Reliance on external funding
Equity erosion and documented funding risk indicate the company has been financing operations externally. Persistent reliance on raises or partner transactions creates dilution and execution uncertainty, constraining the firm’s ability to progress projects without recurring capital events.

Peel Mining Limited (PEX) vs. iShares MSCI Australia ETF (EWA)

Peel Mining Limited Business Overview & Revenue Model

Company DescriptionPeel Mining Limited engages in the exploration of base and precious metals in the Cobar Region of New South Wales, Australia. The company explores for copper, zinc, lead, silver, gold, and tungsten deposits. Its flagship project is the Mallee Bull copper project comprising an area of 85 square kilometers located in the central New South Wales. The company was incorporated in 2006 and is headquartered in West Perth, Australia.
How the Company Makes MoneyPeel Mining Limited generates revenue primarily through the exploration and development of its mining projects, with a focus on base and precious metals such as copper, gold, silver, and zinc. The company aims to increase its value by advancing its exploration projects to the point where they can generate sales from extracted minerals or attract partnerships and joint ventures with larger mining companies. Revenue streams may include outright sales of discovered resources, royalties, or equity stakes in developed mines. Significant partnerships with industry peers or investors can also contribute to funding exploration activities and advancing projects towards production, thus enhancing potential revenue opportunities.

Peel Mining Limited Financial Statement Overview

Summary
Balance sheet strength (zero debt and substantial equity) reduces solvency risk, but operating performance is weak with ongoing net losses and persistently negative operating/free cash flow, implying continued funding/execution risk until profitability and cash generation improve.
Income Statement
28
Negative
Revenue rebounded sharply in 2025 (annual revenue up ~199% to ~0.67M), but profitability remains weak with negative EBIT and a net loss (~-2.10M). Margins are heavily negative in recent years, showing the company is still in an investment/early-stage phase rather than generating sustainable earnings. A prior profit year (2021) appears non-recurring given the return to losses since then.
Balance Sheet
74
Positive
The balance sheet is a clear strength: the company reports zero debt across all periods provided, with substantial equity (~107M in 2025) supporting the asset base (~109M). Returns on equity are negative in recent years due to losses, and equity has drifted modestly lower versus 2022–2023 levels—suggesting ongoing cash burn/valuation impacts—but low leverage meaningfully reduces financial risk.
Cash Flow
22
Negative
Cash generation is the key weakness: operating cash flow is consistently negative (about -1.9M in 2025), and free cash flow is deeply negative (about -5.0M in 2025). Free cash flow improved versus 2024, but the business still relies on external funding to sustain operations, and cash outflows have been persistent over multiple years.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue505.80K673.33K416.0013.46K42.007.44M
Gross Profit505.80K673.33K416.00-150.15K-146.00K7.32M
EBITDA-2.37M-2.21M-4.34M-1.27M-3.83M6.50M
Net Income-2.10M-2.10M-2.70M-1.48M-3.42M3.69M
Balance Sheet
Total Assets109.18M109.18M110.78M113.92M117.28M91.28M
Cash, Cash Equivalents and Short-Term Investments1.40M1.40M6.27M12.06M22.56M16.80M
Total Debt0.000.000.000.000.000.00
Total Liabilities1.76M1.76M1.62M2.44M4.31M4.29M
Stockholders Equity107.42M107.42M109.16M111.48M112.98M86.99M
Cash Flow
Free Cash Flow-4.97M-4.97M-6.04M-11.69M-22.78M-11.50M
Operating Cash Flow-1.91M-1.91M-1.56M-1.44M-2.09M-1.42M
Investing Cash Flow-2.97M-2.97M-4.23M-9.06M-20.70M-25.44M
Financing Cash Flow0.000.000.000.0028.55M35.45M

Peel Mining Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.16
Price Trends
50DMA
0.14
Positive
100DMA
0.12
Positive
200DMA
0.09
Positive
Market Momentum
MACD
<0.01
Positive
RSI
57.53
Neutral
STOCH
30.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PEX, the sentiment is Positive. The current price of 0.16 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.14, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 57.53 is Neutral, neither overbought nor oversold. The STOCH value of 30.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PEX.

Peel Mining Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
57
Neutral
AU$125.15M-44.44-1.95%――21.74%
56
Neutral
AU$200.65M-110.00-8.09%――-275.00%
48
Neutral
AU$79.49M158.000.85%―-16.97%-94.15%
48
Neutral
AU$102.32M-15.00-10.46%―-85.84%73.66%
46
Neutral
AU$73.94M-7.78-3.86%――21.74%
45
Neutral
AU$132.01M-0.45-116.31%――-414.88%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PEX
Peel Mining Limited
0.17
0.04
30.77%
AU:MEU
Marmota Limited
0.15
0.09
138.10%
AU:MSV
Mitchell Services Limited
0.40
0.08
25.00%
AU:ADN
Andromeda Metals Limited
0.02
<0.01
50.00%
AU:E25
Element 25 Limited
0.35
0.05
16.67%
AU:HAS
Hastings Technology Metals Limited
0.52
0.21
67.21%

Peel Mining Limited Corporate Events

Peel Mining Director Increases Indirect Shareholding via Performance Rights Exercise
Jan 29, 2026

Peel Mining Limited has disclosed a change in the indirect equity holdings of director Nicholas Woolrych, reflecting the exercise of previously issued performance rights. Woolrych has converted 13 million Class A and Class B performance rights, granted in September 2025 after vesting conditions were met, into fully paid ordinary shares at no cash consideration, lifting his indirect shareholding to 15,352,942 shares while his option holdings remain unchanged; the transaction was not conducted during a closed trading period, signalling increased director alignment with shareholder interests without impacting the company’s cash position.

The most recent analyst rating on (AU:PEX) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Raises $21.25m to Accelerate Exploration at Nombinnie and Southern Nights
Jan 27, 2026

Peel Mining has strengthened its balance sheet with a highly successful $21.25 million capital raising, comprising a two-tranche institutional placement and an oversubscribed share purchase plan priced at $0.085 per share, attracting strong backing from both new and existing natural resources investors. The fresh funding is supporting an accelerated exploration program, including a completed 2,706m initial drilling campaign at the Nombinnie Prospect that returned multiple significant near-surface gold intercepts, and the commencement of a 9-hole, 4,625m drill program at the Southern Nights Complex, while a broader technical and corporate review evaluates regional processing and potential M&A to advance the company’s Cobar Basin assets and sharpen its strategic positioning.

The most recent analyst rating on (AU:PEX) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Red Hill Confirms Deeper Copper-Gold Mineralisation at Anabama in Maiden Drill Program
Jan 26, 2026

Red Hill Minerals has reported initial results from its maiden diamond drilling program at the Anabama Copper-Gold Project in South Australia, part of its Curnamona Earn-In Joint Venture with Peel Mining. Assays from the first hole, 25ANDD001, confirm copper-gold-silver mineralisation in fresh bedrock and extend known mineralisation 130 metres below historic drilling, including a 20-metre intersection grading 0.6% copper, 0.2 g/t gold and 3.0 g/t silver from 313.1 metres, with higher-grade intervals over several metres. Results from a second hole are pending, and downhole electromagnetic surveys planned for late January are expected to refine the understanding of the mineralised system, potentially enhancing the project’s exploration upside and strategic importance within Red Hill’s copper-gold portfolio.

The most recent analyst rating on (AU:PEX) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Red Hill Uncovers Broad Broken Hill-Type Mineralisation in Maiden Drilling at Broken Hill Project
Jan 22, 2026

Red Hill Minerals has completed a maiden five-hole, 3,734-metre diamond drilling program at its Broken Hill Project in New South Wales, returning broad intervals of Broken Hill Type lead-zinc-silver mineralisation and confirming the exploration potential of several targets. The standout results came from the Dementus target, where drillhole 25DMDD001 intersected a 91.1-metre interval grading 0.1% lead and 0.3 g/t silver within a more than 250-metre BHT lode package from 263 metres depth, along with a deeper 152.6-metre zone of zinc alteration grading 0.2% zinc and 1.3 g/t silver from 658 metres. Additional drilling at the Woolly, Immortan and K1 targets returned lower-grade but supportive mineralised intervals, including broad zinc and narrower copper-gold intersections, underscoring a large mineralised system. On the back of these results, Red Hill will prioritise the Dementus target, with high-resolution gravity and audio-magnetotelluric surveys scheduled to begin in February, marking a shift into more focused follow-up work that could refine drill targets and enhance the project’s potential significance within the Curnamona Province.

The most recent analyst rating on (AU:PEX) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Strengthens Nombinnie Gold Potential with Further Strong Drill Results
Jan 12, 2026

Peel Mining has reported further significant gold intercepts from its recent 20-hole reverse circulation drilling program at the Nombinnie prospect in New South Wales, with results such as 15 metres at 2.52 grams per tonne gold from 15 metres and 13 metres at 1.33 grams per tonne gold from 147 metres, reinforcing Nombinnie as a highly promising and emerging gold target within its Cobar Basin portfolio. The mineralisation, interpreted as structurally controlled and open along strike and at depth, includes both shallow oxide and deeper primary zones, prompting plans for further geophysics and follow-up drilling, while work at the nearby Chuchi prospect returned only anomalous base metal geochemistry and assays from a down-dip test at May Day are still pending, shaping Peel’s broader exploration and growth strategy in the region.

The most recent analyst rating on (AU:PEX) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Seeks ASX Quotation for 476,666 New Ordinary Shares
Dec 29, 2025

Peel Mining Limited, listed on the ASX under the code PEX, has applied for quotation of an additional 476,666 fully paid ordinary shares. The new securities, issued on 29 December 2025 following the exercise or conversion of existing options or other convertible securities, will modestly increase the company’s share capital and free float once admitted to quotation, potentially improving liquidity for investors without materially altering its capital structure.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Director Increases Stake with Share Acquisition
Nov 28, 2025

Peel Mining Limited announced a change in the director’s interest, with Tony Schultz acquiring 588,236 fully paid ordinary shares as part of Tranche 2 of the company’s placement. This acquisition, valued at $50,000.06, reflects the director’s increased stake in the company, potentially signaling confidence in its future prospects and impacting shareholder perceptions.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Director Increases Stake through Share Acquisition
Nov 28, 2025

Peel Mining Limited announced a change in the director’s interest, with Graham Hardie acquiring additional shares through a Tranche 2 placement and the exercise of vested options. This change reflects the director’s increased stake in the company, potentially signaling confidence in Peel Mining’s future prospects and strategic direction.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Director Increases Stake with New Share Acquisition
Nov 28, 2025

Peel Mining Limited has announced a change in the director’s interest as Nicholas Woolrych acquired 2,352,942 fully paid ordinary shares through a Tranche 2 placement. This acquisition, valued at $200,000.07, was part of a placement approved by shareholders at the company’s Annual General Meeting. The change signifies a notable increase in Woolrych’s indirect interest in the company, potentially impacting the company’s governance and stakeholder confidence.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Director Increases Stake with Significant Share Acquisition
Nov 28, 2025

Peel Mining Limited has announced a change in the director’s interest, specifically involving Ronald Beevor. The change involves the acquisition of 2,352,942 fully paid ordinary shares as part of Tranche 2 of the company’s placement, which was approved by shareholders at the Annual General Meeting on November 20, 2025. This acquisition reflects an investment of $200,000.07 and indicates a strategic move by the director to increase his stake in the company, potentially signaling confidence in the company’s future prospects.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Completes Share Placement to Bolster Capital
Nov 28, 2025

Peel Mining Limited announced the completion of a share placement, issuing 71,176,471 fully paid ordinary shares at $0.085 each to directors, institutional, professional, and sophisticated investors. This move, previously approved by shareholders, also included the conversion of options to shares for directors, employees, and consultants, enhancing the company’s capital structure and potentially strengthening its market position.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Limited Issues New Securities to Boost Exploration Efforts
Nov 28, 2025

Peel Mining Limited has announced the issuance of 1,483,335 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code PEX. This move is part of the company’s strategic efforts to strengthen its financial position and support ongoing exploration and development projects, potentially impacting its market presence and offering new opportunities for stakeholders.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Limited Announces Quotation of New Securities
Nov 27, 2025

Peel Mining Limited has announced the quotation of 71,176,471 fully paid ordinary securities on the ASX, as part of a previously announced transaction. This move is expected to enhance the company’s capital structure and provide additional resources for its ongoing exploration and development projects, potentially strengthening its position in the mining sector.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Reports Promising Gold Intercepts and Secures Exploration Grants
Nov 26, 2025

Peel Mining Limited has reported promising initial assay results from its Nombinnie gold prospect, with significant gold intercepts indicating the potential for a valuable shallow gold target. The company completed 20 RC drillholes, with assays from the first nine showing notable gold mineralization. Additionally, Peel has been awarded $115,000 in grants from the NSW Government’s Critical Minerals and High-Tech Metals Exploration Program, which will support further exploration across its Cobar Basin portfolio. This funding is expected to accelerate exploration efforts, potentially enhancing the company’s market position and delivering value to shareholders.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Announces Director Resignation and Transition Plan
Nov 26, 2025

Peel Mining Limited announced the resignation of Mr. Mark Okeby as a Non-Executive Director, effective November 25, 2025. The company expressed gratitude for his contributions and noted that he will continue to support Peel through a consultancy arrangement, ensuring a smooth transition and continued access to his expertise.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Limited Successfully Passes All AGM Resolutions
Nov 20, 2025

Peel Mining Limited announced that all resolutions proposed at its 2025 Annual General Meeting were successfully passed. This includes the adoption of the remuneration report, the election and re-election of directors, and the approval of key mandates and ratifications. The successful passage of these resolutions indicates strong shareholder support and positions the company to continue its strategic initiatives.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining to Host Investor Webinar on Growth Strategy
Nov 10, 2025

Peel Mining Limited is set to host an investor webinar on 18 November 2025, led by Managing Director & CEO Nick Woolrych. The webinar will discuss the company’s growth and consolidation strategy following a successful $21.25 million capital raising and new leadership appointments. It will provide insights into current and upcoming exploration programs and initiatives aimed at enhancing shareholder value.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Limited’s Strategic Growth in the Cobar Basin
Nov 5, 2025

Peel Mining Limited has released a presentation highlighting its growth and consolidation efforts in the Cobar Basin. The announcement provides insights into the company’s strategic direction and potential impact on its operations and industry positioning. However, the presentation materials contain disclaimers regarding the completeness and accuracy of the information provided, emphasizing the speculative nature of mining investments and associated risks.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

Peel Mining Limited Issues Unquoted Equity Securities
Oct 30, 2025

Peel Mining Limited announced the issuance of 250,000 unquoted equity securities under an employee incentive scheme. This move is part of the company’s strategy to incentivize its workforce, potentially impacting its operational efficiency and aligning employee interests with long-term company goals.

The most recent analyst rating on (AU:PEX) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Peel Mining Limited stock, see the AU:PEX Stock Forecast page.

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.Date of analysis: Jan 30, 2026