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Mining, Minerals & Metals plc
(LSE:GEX)
Mining, Minerals & Metals plc (GEX) vs. iShares MSCI United Kingdom ETF (EWC)
Mining, Minerals & Metals plc Business Overview & Revenue Model
Mining, Minerals & Metals plc Financial Statement Overview
| Breakdown | TTM | Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -11.12K | -1.03M | 20.84K | 0.00 | 0.00 | 0.00 |
| EBITDA | -887.10K | 0.00 | -242.53K | -159.46K | -172.47K | -207.61K |
| Net Income | -1.09M | -7.25M | -242.53K | -159.48K | -172.76K | -207.61K |
Balance Sheet | ||||||
| Total Assets | 223.86K | 1.62M | 15.99K | 70.49K | 208.62K | 388.84K |
| Cash, Cash Equivalents and Short-Term Investments | 112.30K | 1.22M | 4.77K | 48.21K | 200.35K | 363.65K |
| Total Debt | 1.61M | 1.82M | 203.19K | 10.47K | 10.47K | 10.47K |
| Total Liabilities | 2.94M | 3.13M | 247.40K | 59.37K | 38.02K | 45.48K |
| Stockholders Equity | -2.71M | -1.51M | -231.41K | 11.13K | 170.60K | 343.36K |
Cash Flow | ||||||
| Free Cash Flow | -882.41K | -3.43M | -236.17K | -152.14K | -163.30K | -236.06K |
| Operating Cash Flow | -882.41K | -3.43M | -236.17K | -152.14K | -163.30K | -236.06K |
| Investing Cash Flow | 0.00 | 10.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -221.16K | 3.78M | 192.72K | 0.00 | 0.00 | 537.14K |
Mining, Minerals & Metals plc Technical Analysis
Mining, Minerals & Metals plc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £45.57M | 12.63 | 10.25% | ― | 8.48% | 29.33% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | £20.10M | 118.18 | -11.10% | ― | 14.51% | 77.27% | |
53 Neutral | £15.14M | -3.75 | -78.76% | ― | -24.85% | 40.28% | |
48 Neutral | £7.15M | ― | ― | ― | ― | ― | |
41 Neutral | £31.88M | -1.11 | ― | ― | -27.64% | 35.09% |
Mining, Minerals & Metals plc Corporate Events
Georgina Energy has completed a detailed site inspection at its Hussar EP513 prospect in Western Australia, confirming drill pad dimensions, camp location, access routes, water well siting and airstrip readiness in line with its well management plan. The company’s technical consultants are progressing procurement for key drilling and service equipment, and civil works to support the programme are expected to begin in the second quarter of 2026.
The Hussar re-entry well targets subsalt reservoirs in the Townsend Formation and fractured Neoproterozoic basement, part of what Georgina describes as one of the largest onshore Australian prospects for helium, hydrogen and hydrocarbons. The drilling programme and associated site and airstrip infrastructure will be fully funded by Harlequin Energy and partners under a non-dilutive offtake funding arrangement, with drilling anticipated to start in the third quarter of 2026, potentially advancing Georgina’s position in the emerging helium and hydrogen market.
The most recent analyst rating on (GB:GEX) stock is a Sell with a £6.00 price target. To see the full list of analyst forecasts on Mining, Minerals & Metals plc stock, see the GB:GEX Stock Forecast page.
Georgina Energy plc has highlighted a new initiation note from Clear Capital Markets, which provides an in-depth review of its Hussar and Mt Winter assets and the Central Petroleum portfolio it is in the process of acquiring. The research concludes that Georgina’s asset base has evolved from high-risk frontier exploration to a more mature re-entry and appraisal portfolio, materially improving the company’s risk profile.
The note underscores Georgina’s structured, offtake-led funding strategy, including a recently secured $25 million Harlequin facility to fund the Hussar drilling programme, and outlines commercialisation plans via wellhead sales and offtake pathways. It also points to favourable helium and hydrogen market dynamics and identifies two main value catalysts through 2026–27: a lower-risk re-entry and appraisal campaign at Mt Kitty and a funded large-scale drilling programme at Hussar, shifting the investment case toward execution-driven outcomes.
The most recent analyst rating on (GB:GEX) stock is a Sell with a £6.50 price target. To see the full list of analyst forecasts on Mining, Minerals & Metals plc stock, see the GB:GEX Stock Forecast page.
Georgina Energy plc has provided an operational update on its Hussar EP513 project, confirming that its technical consultant Aztech has begun issuing requests for quotation to support the planned drilling programme and identified an Explorer Rig that appears technically suitable and potentially available, subject to confirmation later in February. A technical and management team will conduct a detailed site inspection from 12 February 2026 to assess and plan access works, including repairs to the airstrip and access roads and preparation of the drill and accommodation pads, ahead of drilling aimed at testing the subsalt Townsend Formation and fractured basement reservoirs. Under an operating agreement aligned with the government-approved Well Management Plan, Harlequin, Schlumberger and Aztech will manage site activities, while Harlequin and its partners will solely fund both the drilling programme and associated site infrastructure under an offtake-based structure that avoids equity dilution for Georgina shareholders. The staged workplan envisages ordering long-lead items and contracting a rig in Q1 2026, followed in Q2 2026 by water bore drilling, surface conductor installation, contracting of key service companies, expansion of access infrastructure and finalisation of well engineering, culminating in mobilisation of the drilling rig to site as the company prepares for drilling targeted for Q3 2026.
The most recent analyst rating on (GB:GEX) stock is a Sell with a £8.50 price target. To see the full list of analyst forecasts on Mining, Minerals & Metals plc stock, see the GB:GEX Stock Forecast page.
Georgina Energy plc has executed a second £500,000 drawdown under its three-year, up to £1 million debt and equity facility with an institutional investor, bringing additional funding with no interest and conversion terms linked to an 8 pence reference price. The proceeds will bolster working capital, support development of its Australian helium and hydrogen-focused portfolio, and advance its transaction with Central Petroleum, while the investor also receives 2.5 million warrants exercisable at a premium, signalling institutional confidence in Georgina’s strategy and strengthening its financial position alongside an existing offtake finance arrangement that fully funds its Westmarket Oil & Gas subsidiary.
The most recent analyst rating on (GB:GEX) stock is a Hold with a £6.50 price target. To see the full list of analyst forecasts on Mining, Minerals & Metals plc stock, see the GB:GEX Stock Forecast page.
Georgina Energy plc has received formal confirmation that Harlequin Energy Ltd will fund the drilling and development of the Hussar EP513 prospect in Western Australia under a non-dilutive structured offtake financing arrangement, including full funding of the Hussar‑2 exploration well, related site infrastructure and a USD$25 million offtake facility. Harlequin has engaged Schlumberger Oilfield UK Limited to work alongside Georgina’s consultant Aztech Well Construction on planning and executing a roughly 50‑day drilling programme scheduled through 2026, while Georgina reports a 30% uplift in its revised prospective recoverable resources at Hussar to 283 BCF of helium, 315 BCF of hydrogen and 2.9 TCF of hydrocarbons, strengthening its ambitions—together with Mt Winter and recent asset acquisitions—to emerge as a significant player in helium, hydrogen and natural gas extraction without diluting existing shareholders.
The most recent analyst rating on (GB:GEX) stock is a Hold with a £2.50 price target. To see the full list of analyst forecasts on Mining, Minerals & Metals plc stock, see the GB:GEX Stock Forecast page.
Georgina Energy plc has executed a 24‑month extension to its offtake memorandum of understanding with Halo Capital Investments Ltd, expanding the agreement to cover all current and future projects, including recently announced Central Petroleum acquisitions such as Mt Kitty, Dukas and Mahler, subject to completion. Under the extended non‑exclusive MOU, Halo retains an option over 100% of helium, hydrogen and natural gas output, will fund and operate processing, storage, transport and export infrastructure at its own cost, and may provide prepayment and development financing, enabling Georgina to sell gas at the wellhead while limiting its capital infrastructure burden; ongoing funding efforts for the priority Hussar and Mt Winter projects continue in parallel, reinforcing the company’s ambition to establish itself as a leading helium and hydrogen producer.
Georgina Energy plc has provided an operational update regarding its drill program at Hussar EP513 and the progression of its asset acquisitions, including Mt Winter and Central Petroleum. The company is negotiating with Harlequin Energy for a Joint Operating Agreement to fund the drilling at Hussar, while also preparing logistics for the site. Progress is being made on the acquisition of Mt Winter, with discussions for funding underway. Additionally, Georgina is advancing the potential acquisition of assets from Central Petroleum, including Mt Kitty, which shows promising helium and hydrogen reserves. These developments are expected to enhance Georgina’s resource base and position in the energy market.
Georgina Energy PLC has received a non-binding expression of interest from Harlequin Energy Limited to fund and enter into a Joint Operating Agreement for the drilling of the Hussar EP513 well, aimed at recovering helium, hydrogen, and natural gas. This proposal, which includes logistics and planning, is subject to further due diligence and finalization of terms. The company has secured drilling approval from the Western Australian authorities and is preparing for operations. This development, along with recent acquisitions, positions Georgina Energy to become a significant player in the extraction of helium and hydrogen, aligning with its strategy to diversify its portfolio and capitalize on market opportunities.