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Mamba Exploration Ltd. (M24) AI Stock Analysis
Mamba Exploration Ltd.
(ASX:M24)
The overall score is constrained by very weak underlying financial performance and ongoing cash burn, despite the support of a low-leverage, equity-funded balance sheet, while strong positive price momentum and trend-based technical strength lift the score above the minimum, and the lack of earnings or dividends keeps valuation and thus the overall rating in a mid-range, speculative zone.
Mamba Exploration Ltd. (M24) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 27.30M
- Dividend Yield
- ―
- Average Volume (3M)
- 2.66M
- Price to Earnings (P/E)
- -25.5
- Beta (1Y)
- 1.96
- Revenue Growth
- ―
- EPS Growth
- 82.11%
- Country
- Australia
- Employees
- 0
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Other Precious Metals
Mamba Exploration Ltd. Business Overview & Revenue Model
Company Description
Mamba Exploration Limited, together with its subsidiary companies, operates as an Australian-based firm specializing in mineral exploration and development. The company's primary objective is to discover deposits rich in gold, copper, nickel, mangane...
Mamba Exploration Ltd. Financial Statement Overview
Summary
Financials are speculative and high risk, with essentially no revenue, persistent losses and negative operating/free cash flow, partially offset by a largely equity-funded balance sheet with minimal debt and contained solvency risk.
Income Statement
18Very NegativeBalance Sheet
62PositiveCash Flow
25Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 68.39K | 55.11K | 37.23K | 17.03K |
| Gross Profit | -36.19K | -36.19K | 68.39K | -32.72K | -42.92K | -41.44K |
| EBITDA | -755.33K | -755.33K | -1.07M | -1.17M | -2.98M | -1.52M |
| Net Income | -734.01K | -734.01K | -3.05M | -1.25M | -3.07M | -1.58M |
Balance Sheet | ||||||
| Total Assets | 8.48M | 8.48M | 5.42M | 7.39M | 5.53M | 8.31M |
| Cash, Cash Equivalents and Short-Term Investments | 1.19M | 1.19M | 562.26K | 825.97K | 747.57K | 3.41M |
| Total Debt | 33.49K | 33.49K | 66.61K | 14.11K | 92.28K | 82.39K |
| Total Liabilities | 118.71K | 118.71K | 217.59K | 332.60K | 321.24K | 247.21K |
| Stockholders Equity | 7.75M | 7.75M | 5.20M | 7.06M | 5.21M | 8.06M |
Cash Flow | ||||||
| Free Cash Flow | -919.57K | -838.75K | -1.40M | -2.52M | -2.63M | -2.27M |
| Operating Cash Flow | -638.75K | -638.75K | -1.11M | -830.37K | -1.12M | -1.31M |
| Investing Cash Flow | -587.38K | -587.38K | -239.98K | -1.64M | -1.52M | -965.34K |
| Financing Cash Flow | 1.85M | 1.85M | 1.09M | 2.55M | -24.53K | 0 |
Mamba Exploration Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:M24, the sentiment is Positive. The current price of 0.05 is below the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of 0.00 indicates Positive momentum. The RSI at 60.04 is Neutral, neither overbought nor oversold. The STOCH value of 71.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:M24.
Mamba Exploration Ltd. Peers Comparison
Overall Rating
AU:ITM54Neutral- AU:M2452Neutral
AU:CTN49Neutral
AU:EM249Neutral
AU:GED40Underperform
AU:VR833Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:ITM | 54Neutral | AUD 8.12M | -9.44 | -4.22% | ― | ― | 50.68% |
| AU:M24 | 52Neutral | AUD 33.45M | -25.45 | -11.60% | ― | ― | 82.11% |
| AU:CTN | 49Neutral | AUD 13.54M | -3.77 | -20.84% | ― | ― | 57.93% |
| AU:EM2 | 49Neutral | AUD 10.74M | 1.27 | 337.95% | ― | ― | ― |
| AU:GED | 40Underperform | AUD 8.21M | -9.00 | -5.18% | ― | ― | 44.44% |
| AU:VR8 | 33Underperform | AUD 17.52M | 83.33 | -0.13% | ― | ― | 97.78% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:M24 | Mamba Exploration Ltd. | 0.06 | 0.04 | 211.11% | |
| AU:GED | Golden Deeps Limited | 0.04 | -0.02 | -34.55% | |
| AU:VR8 | Vanadium Resources Ltd. | 0.03 | -0.00 | -13.79% | |
| AU:ITM | ITech Minerals LTD | 0.03 | -0.03 | -43.33% | |
| AU:EM2 | Eagle Mountain Mining Ltd. | 0.01 | 0.00 | 0.00% | |
| AU:CTN | Shree Minerals Limited | 0.06 | 0.01 | 19.57% |
Mamba Exploration Ltd. Corporate Events
Mamba Exploration Sets November AGM, Moves to Digital Meeting Materials
Mamba Exploration Ltd. has scheduled its Annual General Meeting of shareholders for 12 p.m. AWST on 30 November 2026 at its Subiaco, Western Australia office. The meeting documentation, including the Notice of Meeting and explanatory statement, will...
Mamba Exploration Calls 2026 AGM to Vote on Pay and Board
Mamba Exploration Limited has called its Annual General Meeting for 12pm AWST on 30 November 2026 in Subiaco, Western Australia, inviting shareholders to attend in person or vote via proxy. The meeting will review the company’s annual report fo...
Mamba advances Meeka East drilling and copper corridor as funding secured
Mamba Exploration has advanced its Meeka East Gold Project to drill-ready status after securing all heritage and regulatory approvals, and is set to commence a maiden 6,000m reverse circulation drilling program across multiple gold prospects in late...
Mamba Exploration Sets AGM Date and Director Nomination Deadline
Mamba Exploration has scheduled its Annual General Meeting for Monday, 30 November 2026, in line with ASX listing requirements and its corporate governance timetable. The company has also set 5.00pm AWST on 19 October 2026 as the deadline for shareho...
Mamba Exploration Seeks ASX Quotation for Over 109 Million New Shares
Mamba Exploration Ltd has applied to the ASX for quotation of 109,789,473 new ordinary fully paid shares under its ticker M24. The move significantly increases the company’s quoted securities base, indicating a substantial capital-related trans...
Mamba Exploration Advances High‑Grade Copper and Drill‑Ready Gold Projects
Mamba Exploration has identified thick, high‑grade historical copper intersections at its Copper Hills project within the Nanadie copper corridor, strengthening the potential of its copper portfolio in Western Australia. The company is also fin...
Mamba Exploration Issues 6 Million Strategic Advisor Options Under Incentive Scheme
Mamba Exploration Ltd., an ASX-listed mineral exploration company trading under ticker M24, operates in Australia’s resources sector and seeks to grow shareholder value through exploration of mineral assets. The firm uses equity-based incentive...
Mamba Exploration Plans 25 Million New Options in ASX Placement
Mamba Exploration Limited has lodged details with the ASX for a proposed issue of new securities in the form of unquoted options. The company plans to issue up to 25,000,000 options with an exercise price of A$0.06 and a three-year term from the date...
Mamba Exploration Plans Major Share Placement on ASX
Mamba Exploration Ltd. has announced a proposed issue of up to 48,105,264 ordinary fully paid shares on the ASX, structured as a placement or similar capital raising. The new securities, to be issued under its M24 ticker, are targeted for a proposed...
Mamba Exploration Plans Large Share Placement on ASX
Mamba Exploration Limited has announced a proposed placement of up to 109,789,473 new ordinary fully paid shares, to be issued under its ASX code M24. The new securities are scheduled for issue on 9 October 2026, subject to ASX processes, expanding t...
Mamba Exploration Plans New Share Placement on ASX
Mamba Exploration Limited has lodged an Appendix 3B with the ASX outlining a proposed placement of up to 8,547,009 ordinary fully paid shares.The new securities, to be quoted under its existing M24 code, represent a capital-raising initiative that ma...
Mamba Exploration Raises $6m, Adds Poison Hills Earn-In and Westgold Founder as Adviser
Mamba Exploration has secured firm commitments for a $6.0 million share placement at $0.038 per share, backed by strategic investors, existing shareholders and institutions, including directors subject to approval. Regional gold producer New Murchiso...
Mamba Exploration Releases 2026 Consolidated Annual Report
Mamba Exploration Ltd. has released its consolidated annual report for the year ended 30 June 2026, detailing its financial performance, balance sheet position, cash flows, and changes in equity. The report also outlines the company’s governanc...
Mamba Exploration Confirms Extensive Copper System at Meeka East
Mamba Exploration has completed a comprehensive review of historical drilling at its 70%-owned Meeka East project, confirming 165 copper intersections in 47 drill holes across the Copper Hills and Lady Alma prospects along a 3km corridor. The updated...
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 09, 2026