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Dundas Minerals Limited (AU:DUN)
ASX:DUN
Australian Market
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Dundas Minerals Limited (DUN) AI Stock Analysis

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AU:DUN

Dundas Minerals Limited

(Sydney:DUN)

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Neutral 47 (OpenAI - Gpt-5.6Sol)
Rating:47Neutral
Price Target:
AU$0.05
▲(22.50% Upside)
Action:Reiterated
Date:09/07/26
The score is mainly held down by weak financial performance (pre-revenue, widening losses, and ongoing cash burn despite low leverage). Technicals add only modest support with price slightly above moving averages but mixed momentum signals. Valuation provides limited upside support due to negative earnings and no dividend yield data.
Positive Factors
Modest Leverage
A relatively low debt-to-equity ratio limits the immediate burden from borrowings and preserves some financial flexibility. This gives Dundas more room to manage its early-stage development program and address operating needs without relying solely on additional debt.
Negative Factors
Pre-Revenue Business Model
Dundas has not yet established a dependable revenue base, leaving its business model dependent on future development and commercialization success. Without recurring sales, the company has limited internally generated funding and less evidence that its operations can scale sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest Leverage
A relatively low debt-to-equity ratio limits the immediate burden from borrowings and preserves some financial flexibility. This gives Dundas more room to manage its early-stage development program and address operating needs without relying solely on additional debt.
Read all positive factors

Dundas Minerals Limited (DUN) vs. iShares MSCI Australia ETF (EWA)

Dundas Minerals Limited Business Overview & Revenue Model

Company Description
Dundas Minerals Ltd. is an exploration firm primarily engaged in the search for mineral deposits throughout Western Australia. The company's efforts are concentrated on identifying resources of nickel, gold, rare earth elements, and copper. It mai...
How the Company Makes Money
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Dundas Minerals Limited Financial Statement Overview

Summary
Financials reflect an early-stage, pre-revenue profile: minimal revenue, persistent losses that widened in 2026, and ongoing negative operating/free cash flow. The main positive is relatively modest leverage (low debt-to-equity), but declining equity and deeply negative ROE indicate continued dilution and execution/funding risk.
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
28
Negative
BreakdownJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue0.000.000.000.003.01K
Gross Profit-58.30K-1.17K-1.16K-1.09K2.03K
EBITDA-4.88M-915.31K-4.07M-600.48K-838.21K
Net Income-5.05M-1.13M-4.08M-603.47K-842.15K
Balance Sheet
Total Assets5.52M5.06M5.45M7.66M6.32M
Cash, Cash Equivalents and Short-Term Investments1.88M728.06K1.74M1.94M3.56M
Total Debt728.53K729.59K657.12K54.97K89.92K
Total Liabilities929.59K797.35K900.85K186.59K300.07K
Stockholders Equity4.59M4.27M4.55M7.47M6.02M
Cash Flow
Free Cash Flow-898.60K-635.52K-1.66M-3.55M-2.69M
Operating Cash Flow-895.69K-634.05K-494.07K-580.77K-479.56K
Investing Cash Flow-1.26M-1.24M-1.17M-3.03M-2.24M
Financing Cash Flow3.30M866.73K1.46M2.00M5.38M

Dundas Minerals Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.04
Price Trends
50DMA
0.05
Positive
100DMA
0.05
Positive
200DMA
0.05
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
60.92
Neutral
STOCH
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DUN, the sentiment is Positive. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and below the 200-day MA of 0.05, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 60.92 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DUN.

Dundas Minerals 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%
47
Neutral
AU$11.75M-1.49-136.86%-217.92%
45
Neutral
AU$11.09M-3.44-22.69%-36.09%
43
Neutral
AU$10.36M-3.02-18.09%64.33%
42
Neutral
AU$8.91M-3.92-492.76%-378.95%
39
Underperform
AU$9.12M-5.86-32.93%52.12%
39
Underperform
AU$11.13M-7.83-29.78%36.11%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:DUN
Dundas Minerals Limited
0.05
0.03
138.10%
AU:RB6
Rubix Resources Limited
0.14
0.02
12.50%
AU:TG1
Techgen Metals Ltd.
0.01
-0.02
-66.67%
AU:NFL
Norfolk Metals Ltd.
0.11
-0.05
-29.03%
AU:BIM
Bindi Metals Ltd.
0.10
-0.01
-10.00%
AU:MEX
Uvre Ltd.
0.06
-0.07
-51.54%

Dundas Minerals Limited Corporate Events

Dundas Minerals Amends Bloodwood Disclosure While Keeping Exploration Licence Terms Intact
Sep 7, 2026
Dundas Minerals Limited has issued a supplementary and amended announcement for its Bloodwood gold project exploration licence to address disclosure concerns raised by ASX Listings Supervision. The grant of Exploration Licence E38/4002 and the com...
Dundas Minerals Updates ASX on Corporate Governance Compliance
Sep 4, 2026
Dundas Minerals Limited has confirmed that its corporate governance statement for the year ended 30 June 2026 is current as of 4 September 2026 and available on its website, in line with ASX Listing Rule 4.10.3. The statement outlines how the comp...
Dundas Minerals Aligns Governance With ASX Standards but Defers Diversity Policy
Sep 4, 2026
Dundas Minerals Limited, a mining and exploration company operating in Australia, has structured its governance model around a single, skills-based board suited to its small scale and limited operations, rather than establishing separate board com...
Dundas Minerals Highlights Governance Structure in 2026 Annual Report
Sep 4, 2026
Dundas Minerals Limited, incorporated in 2020 and domiciled in Australia, is an ASX-listed mineral exploration company operating from Daglish, Western Australia under the ticker DUN. The business is led by an independent chairman and managing dire...
Dundas Minerals Sets AGM Date and Opens Director Nomination Window
Sep 3, 2026
Dundas Minerals has scheduled its Annual General Meeting for 29 October 2026, with the election of directors to feature on the agenda in line with its constitution and ASX listing requirements. The company has also set 10 September 2026 as the dea...
Dundas Minerals consolidates Kalgoorlie gold belt ahead of new drilling push
Sep 2, 2026
Dundas Minerals has consolidated and expanded its Kalgoorlie Gold Project by acquiring nine prospecting licences along the Bardoc gold trend, 40 to 50 kilometres north of Kalgoorlie in Western Australia. The new licences stitch together the Gemini...
Dundas Minerals Launches Major Drilling Program at Kalgoorlie Gold Projects
Sep 1, 2026
Dundas Minerals has commenced a reverse circulation drilling program of more than 5,000 metres across its Capricorn, Baden-Powell and Rockland gold projects north of Kalgoorlie. All three projects sit on fully permitted tenure, with heritage clear...
Dundas Minerals Consolidates Rockland and Advances Kalgoorlie Gold Projects
Jul 29, 2026
Dundas Minerals has consolidated 100% ownership of the Rockland Gold Project mining lease and reported follow-up drilling results that confirm high-grade gold mineralisation in a north-south trend extending more than 2 km between Capricorn and Roc...
Dundas Minerals Clears Heritage Hurdle, Set to Drill Kalgoorlie Gold Projects
Jul 21, 2026
Dundas Minerals has secured Aboriginal heritage clearance at its Capricorn Gold Project north of Kalgoorlie, following an archaeological and ethnographic survey with the Kapurn Kalamaia Karlaku Traditional Owners. The survey found no Aboriginal he...
Dundas Minerals Director Raises Indirect Shareholding Through On-Market Purchase
Jul 13, 2026
Dundas Minerals Limited has disclosed a change in director Steven Formica’s indirect interests, with associated entities increasing their holding of fully paid ordinary shares. The filing reflects compliance with ASX listing rule 3.19A.2, en...
Dundas Minerals Simplifies Capital Structure as 3 Million Options Expire
Jul 2, 2026
Dundas Minerals Limited has announced the expiry of several tranches of options on July 1, 2026, resulting in the cessation of 3,000,000 securities that were not exercised before their expiry date. The lapse of these options marginally simplifies ...
Dundas Minerals Confirms High-Grade Gold at Rockland, Plans Follow-Up Drilling
Jun 23, 2026
Dundas Minerals has reported single-metre re-assay results from its Rockland Gold Project, about 40km north of Kalgoorlie, confirming high-grade gold within broad mineralised zones previously identified by 4m composite sampling. Key intercepts inc...
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: Sep 07, 2026