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Mamba Exploration Ltd.
(Sydney:M24)
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Rating:52Neutral
Price Target:
AU$0.07
▲(260.00% Upside)
Action:Reiterated
Date:10/03/26
The score is held back primarily by weak operating performance and persistent cash burn, despite a comparatively strong low-debt balance sheet. Technicals show a strong uptrend, but the extremely overbought RSI increases pullback risk. Valuation is difficult to support with a negative P/E and no dividend data.
Positive Factors
Low leverage
Very low debt and near-zero leverage give Mamba financial flexibility relative to a more highly indebted explorer. This reduces fixed financing pressure and leaves greater capacity to direct available capital toward exploration, although it does not by itself resolve the company’s cash consumption.
Negative Factors
No dependable revenue base
Revenue falling to zero highlights the absence of a dependable operating income base for Mamba’s exploration activities. Without recurring revenue, funding for development and corporate costs must continue to come from capital resources or external financing, making progress toward self-sustaining operations uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low debt and near-zero leverage give Mamba financial flexibility relative to a more highly indebted explorer. This reduces fixed financing pressure and leaves greater capacity to direct available capital toward exploration, although it does not by itself resolve the company’s cash consumption.
Read all positive factors
Mamba Exploration Ltd. (M24) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$34.61M
Dividend YieldN/A
Average Volume (3M)3.21M
Price to Earnings (P/E)―
Beta (1Y)1.81
Revenue GrowthN/A
EPS Growth82.11%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding487,532,070
10 Day Avg. Volume8,087,229
30 Day Avg. Volume3,211,756
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.61
Price to Sales (P/S)0.00
P/FCF Ratio-5.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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, mang...
Mamba Exploration Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
27
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 68.39K | 55.11K | 37.23K | 17.03K |
| Gross Profit | -36.19K | 68.39K | -32.72K | -42.92K | -41.44K |
| EBITDA | -755.33K | -1.09M | -1.17M | -2.98M | -1.52M |
| Net Income | -734.01K | -3.05M | -1.25M | -3.07M | -1.58M |
Balance Sheet | |||||
| Total Assets | 8.48M | 5.42M | 7.39M | 5.53M | 8.31M |
| Cash, Cash Equivalents and Short-Term Investments | 1.19M | 562.26K | 825.97K | 747.57K | 3.41M |
| Total Debt | 33.49K | 66.61K | 14.11K | 92.28K | 82.39K |
| Total Liabilities | 118.71K | 217.59K | 332.60K | 321.24K | 247.21K |
| Stockholders Equity | 7.75M | 5.20M | 7.06M | 5.21M | 8.06M |
Cash Flow | |||||
| Free Cash Flow | -838.75K | -1.40M | -2.52M | -2.63M | -2.27M |
| Operating Cash Flow | -638.75K | -1.11M | -830.37K | -1.12M | -1.31M |
| Investing Cash Flow | -587.38K | -239.98K | -1.64M | -1.52M | -965.34K |
| Financing Cash Flow | 1.85M | 1.09M | 2.55M | -24.53K | 0.00 |
Mamba Exploration Ltd. Technical Analysis
Positive
0.02
Price Trends
0.02
Positive
0.02
Positive
0.02
Positive
Market Momentum
<0.01
Negative
99.78
Negative
64.61
Neutral
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 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 99.78 is Negative, neither overbought nor oversold. The STOCH value of 64.61 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$13.14M | -15.28 | -4.22% | ― | ― | 50.68% | |
59 Neutral | AU$42.76M | -1,038.74 | -0.13% | ― | ― | 97.78% | |
52 Neutral | AU$34.61M | -32.27 | -11.60% | ― | ― | 82.11% | |
49 Neutral | AU$9.21M | 1.09 | 337.95% | ― | ― | ― | |
45 Neutral | AU$13.54M | -3.77 | -20.84% | ― | ― | 57.93% | |
43 Neutral | AU$9.58M | -10.50 | -5.18% | ― | ― | 44.44% |
* Basic Materials Sector Average
AU:M24
Mamba Exploration Ltd.
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0.04
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0.02
56.41%
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0.06
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-8.33%
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Eagle Mountain Mining Ltd.
0.01
0.00
0.00%
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Shree Minerals Limited
0.06
<0.01
19.57%
Mamba Exploration Ltd. Corporate Events
Mamba Exploration Advances High‑Grade Copper and Drill‑Ready Gold Projects
Oct 1, 2026
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 ...
Mamba Exploration Issues 6 Million Strategic Advisor Options Under Incentive Scheme
Oct 1, 2026
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 incent...
Mamba Exploration Plans 25 Million New Options in ASX Placement
Oct 1, 2026
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 d...
Mamba Exploration Plans Major Share Placement on ASX
Oct 1, 2026
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 propos...
Mamba Exploration Plans Large Share Placement on ASX
Oct 1, 2026
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, expandin...
Mamba Exploration Plans New Share Placement on ASX
Oct 1, 2026
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...
Mamba Exploration Raises $6m, Adds Poison Hills Earn-In and Westgold Founder as Adviser
Oct 1, 2026
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 Murch...
Mamba Exploration Releases 2026 Consolidated Annual Report
Sep 29, 2026
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 govern...
Mamba Exploration Confirms Extensive Copper System at Meeka East
Sep 20, 2026
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 upda...
Mamba flags Copper Hills as priority target within Meeka East copper–gold corridor
Jul 28, 2026
Mamba Exploration has identified Copper Hills, within its Meeka East tenure, as a priority copper target after reappraising historical geological, drilling and geophysical data. The review suggests potential sediment-hosted copper mineralisation i...
Mamba Exploration ramps up WA gold push after Meeka East acquisition
Jul 26, 2026
Mamba Exploration has completed the acquisition of a 70% interest in Meekatharra Minerals East Pty Ltd, securing control over the Meeka East Gold Project after closing a A$2.0 million placement and obtaining shareholder approval. The move strength...
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.