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Augustus Minerals Limited (AUG) AI Stock Analysis

AU:AUG

Augustus Minerals Limited

(ASX:AUG)

Select Model
Rating:39Underperform
Price Target:AUD 0.03â–²(0.00% Upside)
Action:downgraded
Date:10/22/26

The overall stock score of 39 reflects Augustus Minerals' highly speculative, pre-revenue status. The most significant risks are a persistent cash burn, lack of profitability, and severe negative price momentum across all timeframes. While the zero-debt balance sheet provides a crucial fundamental anchor, the lack of top-line generation and poor technicals heavily limit the current outlook.

Positive Factors
Zero Reported DebtA zero-debt position in the latest periods limits interest obligations and reduces refinancing pressure while the company remains pre-revenue. This gives Augustus greater financial flexibility than a similarly loss-making explorer carrying material leverage, although it does not eliminate its need for funding.
Negative Factors
Pre-Revenue ProfileA revenue base that remains effectively zero means the company has not yet demonstrated commercial production or recurring operating income. Until exploration activities convert into a revenue-generating asset, financial performance will remain dependent on project progress and external capital.

Augustus Minerals Limited (AUG) vs. iShares MSCI Australia ETF (EWA)

-50%-40%-30%-20%-10%0%10%20%AU:AUG-40.00%EWA+15.36%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 7.80M
Dividend Yield
―
Average Volume (3M)
265.58K
Price to Earnings (P/E)
-2.4
Beta (1Y)
-0.11
Revenue Growth
―
EPS Growth
47.58%
Country
Australia
Employees
2
Sector
Basic Materials
Sector Strength
61
Industry
Other Precious Metals

Augustus Minerals Limited Business Overview & Revenue Model

Company Description

Augustus Minerals Ltd engages in exploration and development of mineral projects in Western Australia. The company explores for copper, gold, nickel, platinum group metals, molybdenum, rhenium, and lithium deposits, as well as rare earth element. It...

Augustus Minerals Limited Financial Statement Overview

Summary

Financial performance is heavily weighed down by a pre-revenue profile with continuous net losses and significant cash burn. However, this is partially offset by a pristine, zero-debt balance sheet funded entirely by equity.

Income Statement

15Very Negative

Balance Sheet

75Positive

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue000000
Gross Profit000-657.00K-421.00K-375.00K
EBITDA-869-1,537-956―10.40M-9.03M
Net Income-2,651-2,651-4,049-33.79M-10.58M-9.44M
Balance Sheet
Total Assets12.89K12.89K11.95K480.00M493.42M298.34M
Cash, Cash Equivalents and Short-Term Investments1,6901,6901,40617.89M98.64M134.87M
Total Debt000169.30M134.80M601.99K
Total Liabilities549549418183.59M178.25M15.91M
Stockholders Equity12.34K12.34K11.53K296.42M315.17M282.43M
Cash Flow
Free Cash Flow-3,150-3,150-3,374-99.04M-134.44M-43.20M
Operating Cash Flow-1,449-1,450-810-9.65M-7.18M-10.01M
Investing Cash Flow-1,671-1,671-2,835-85.43M-263.25M34.38M
Financing Cash Flow3,4133,4142,03314.36M249.22M67.43M

Augustus Minerals Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price0.03

Price Trends

50DMA0.04Negative
100DMA0.04Negative
200DMA0.04Negative

Market Momentum

MACD-0.00Positive
RSI6.29Positive
STOCH28.15Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AUG, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 6.29 is Positive, neither overbought nor oversold. The STOCH value of 28.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AUG.

Augustus Minerals Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:AUG against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
AU:CULAU:CUL61NeutralAUD 4.16M12.006.51%―――
AU:DM1AU:DM145NeutralAUD 6.02M-3.75-13.84%――54.90%
AU:GESAU:GES40UnderperformAUD 7.83M-2.94-910.57%――-17.24%
AU:AUGAU:AUG39UnderperformAUD 8.07M-2.40-21.48%――47.58%
AU:MQRAU:MQR37UnderperformAUD 4.54M-1.74-22.21%――86.93%

* Basic Materials Sector Average

Performance Comparison

-25%0%25%50%AU:AUGAU:MQRAU:GESAU:DM1Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:AUG and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:AUGAugustus Minerals Limited0.03-0.02-40.00%
AU:MQRMarquee Resources Ltd0.010.000.00%
AU:CULCullen Resources Limited―――
AU:GESGenesis Resources Limited0.010.000.00%
AU:DM1Desert Metals Ltd.0.010.000.00%

Augustus Minerals Limited Corporate Events

Augustus Minerals Restarts Drilling at Music Well Gold Project

Oct 26, 2026

Augustus Minerals has restarted reverse circulation drilling at its Music Well Gold Project in Western Australia after wet-season access issues temporarily halted operations. The program, located 35 kilometres north of Leonora in a major greenstone b...

Augustus Minerals Sets 2026 AGM and Pushes Electronic Communications

Oct 26, 2026

Augustus Minerals Limited has called its Annual General Meeting of shareholders for 30 November 2026 at its West Perth offices, outlining arrangements for in-person attendance and the process for proxy and online voting. The company is moving toward...

Augustus Minerals hits highest gold grade yet at Music Well and advances PNG projects

Oct 25, 2026

Augustus Minerals reported strong exploration progress at its Music Well Gold Project during the September quarter, highlighted by its highest gold grade to date of 1 metre at 19.5 grams per tonne from reverse circulation drilling at the Clifton East...

Augustus Minerals Files Updated ASX Corporate Governance Disclosures

Sep 25, 2026

Augustus Minerals Limited has lodged its updated corporate governance statement and a completed Appendix 4G with the ASX for the financial year ended 30 June 2026. The statement, current as at 24 September 2026, is hosted on the company’s websi...

Augustus Minerals Updates Music Well Gold Drilling After Weather Delays

Sep 16, 2026

Augustus Minerals has provided an operational update on its reverse circulation drilling program at the Music Well Gold Project north of Leonora in Western Australia. The company is testing higher grade quartz vein zones at the Clifton East prospect,...

Augustus Minerals Targets High-Grade Veins in Next Music Well Drilling Phase

Aug 20, 2026

Augustus Minerals has launched the next phase of reverse circulation drilling at its Music Well Gold Project north of Leonora, targeting the Clifton East and St Patrick’s Well prospects. The campaign seeks to refine understanding of high-grade...

Augustus Minerals director boosts indirect stake with new share and option issue

Aug 17, 2026

Augustus Minerals Limited has reported a change in the interests of director Brian Rodan, reflecting an increase in his indirect shareholding and options in the company. The additional securities are held through entities he controls, indicating a fu...

Augustus Minerals confirms compliance in new share issue notice

Aug 17, 2026

Augustus Minerals Limited has issued fully paid ordinary shares and lodged an Appendix 2A with the ASX, accompanied by a formal notice under section 708A(5)(e) of the Corporations Act. The company states that the shares were issued without a disclosu...

Augustus Minerals Issues Over 41 Million Unquoted Options

Aug 17, 2026

Augustus Minerals Limited has notified the market of the issue of a substantial tranche of unquoted equity securities in the form of options. The options are exercisable at $0.07 each and will expire on 17 August 2029, with a total of 41,666,666 opti...

Augustus Minerals Seeks ASX Quotation for 10.9 Million New Shares

Aug 17, 2026

Augustus Minerals Limited has applied for quotation on the ASX of 10,910,150 ordinary fully paid shares, with an issue date of 17 August 2026. The new securities, lodged via an Appendix 2A, expand the company’s quoted share capital and form par...

Augustus Minerals Hits Highest-Grade Gold Yet at Music Well Project

Aug 10, 2026

Augustus Minerals has reported assay results from its June 2026 drilling program at the Clifton East prospect within the Music Well Gold Project, confirming wide zones of alteration and gold mineralisation over a 400-metre strike within a broader 1.2...

Augustus Minerals Wins Shareholder Backing for Capital Raising Resolutions

Aug 7, 2026

Augustus Minerals shareholders have approved all resolutions put to a general meeting, delivered by poll, clearing the way for the company to ratify and complete recent capital raisings. The measures include ratification of prior placement share issu...

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: Oct 22, 2026