Mt Malcolm Mines NL AI Stock Analysis
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Mt Malcolm Mines NL (M2M) AI Stock Analysis
Mt Malcolm Mines NL
(ASX:M2M)
The overall score is at the minimum of 37, reflecting a high-risk, pre-revenue gold explorer. The primary weakness is the company's inability to generate revenue or cash flow, with accelerating cash burn. While the balance sheet is a relative strength with minimal debt and a solid equity base, this is insufficient to offset the fundamental lack of financial performance, the absence of any positive technical or valuation signals, and the complete lack of forward-looking catalysts from earnings or corporate events.
Mt Malcolm Mines NL (M2M) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 3.97M
- Dividend Yield
- ―
- Average Volume (3M)
- ―
- Price to Earnings (P/E)
- -1.2
- Beta (1Y)
- -0.25
- Revenue Growth
- -100.00%
- EPS Growth
- -3800.00%
- Country
- Australia
- Employees
- 7
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Gold
Mt Malcolm Mines NL Business Overview & Revenue Model
Company Description
Mt Malcolm Mines NL is an Australian enterprise focused on gold exploration. Its core asset is the Malcolm project, situated in Western Australia, where the company maintains a 100% ownership stake across 151 tenements, collectively spanning 274 squa...
How the Company Makes Money
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Mt Malcolm Mines NL Financial Statement Overview
Summary
Financial performance is critically weak. The company is pre-revenue with a net loss of -$1.64M and deeply negative cash flows (-$2.02M FCF). The only support comes from a strong, debt-light balance sheet with $13.7M in equity, which provides a funding runway but does not offset the lack of income or cash generation.
Income Statement
8Very NegativeBalance Sheet
72PositiveCash Flow
10Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 1.45M | 14.17K | 0 | 0 |
| Gross Profit | -103.04K | -103.04K | 753.96K | -93.89K | -90.78K | -38.89K |
| EBITDA | -1.56M | -1.56M | 188.26K | -1.07M | -1.24M | -1.33M |
| Net Income | -1.64M | -1.64M | 30.58K | -1.18M | -1.33M | -1.37M |
Balance Sheet | ||||||
| Total Assets | 14.45M | 14.45M | 11.88M | 9.37M | 7.88M | 8.78M |
| Cash, Cash Equivalents and Short-Term Investments | 1.35M | 1.35M | 931.35K | 640.35K | 743.90K | 4.65M |
| Total Debt | 131.15K | 131.15K | 428.56K | 254.07K | 76.51K | 105.47K |
| Total Liabilities | 714.93K | 714.93K | 1.21M | 1.23M | 463.41K | 595.32K |
| Stockholders Equity | 13.73M | 13.73M | 10.67M | 8.14M | 7.42M | 8.18M |
Cash Flow | ||||||
| Free Cash Flow | -2.02M | -2.02M | 197.91K | -2.53M | -4.39M | -3.32M |
| Operating Cash Flow | -1.44M | -1.44M | 243.91K | -881.47K | -877.34K | -1.22M |
| Investing Cash Flow | -2.17M | -2.17M | -2.06M | -1.64M | -3.52M | -2.10M |
| Financing Cash Flow | 4.04M | 4.04M | 2.11M | 2.43M | 480.08K | 7.54M |
Mt Malcolm Mines NL Peers Comparison
Overall Rating
AU:A8G60Neutral
AU:AAJ43.6Neutral
AU:RAS41Neutral
AU:GSM40.5Neutral
AU:WC138Underperform- AU:M2M37Underperform
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:A8G | 60Neutral | AUD 11.19M | -14.47 | -13.41% | ― | ― | 76.01% |
| AU:AAJ | 44Neutral | AUD 6.18M | -0.66 | -114.26% | ― | ― | 42.86% |
| AU:RAS | 41Neutral | AUD 2.97M | -2.63 | -279.97% | ― | -100.14% | 55.47% |
| AU:GSM | 41Neutral | AUD 4.58M | -4.00 | -84.70% | ― | ― | 41.86% |
| AU:WC1 | 38Underperform | AUD 5.82M | -1.92 | -23.50% | ― | ― | 21.51% |
| AU:M2M | 37Underperform | AUD 3.17M | -1.22 | -12.31% | ― | -100.00% | -3800.00% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:M2M | Mt Malcolm Mines NL | 0.01 | -0.01 | -50.00% | |
| AU:AAJ | Aruma Resources Limited | 0.01 | -0.01 | -50.00% | |
| AU:A8G | Australasian Metals Limited | 0.17 | 0.08 | 83.33% | |
| AU:GSM | Golden State Mining Ltd. | 0.01 | -0.01 | -50.00% | |
| AU:RAS | Ragusa Minerals Ltd | 0.01 | -0.01 | -50.00% | |
| AU:WC1 | West Cobar Metals Ltd. | 0.01 | -0.01 | -33.33% |
Mt Malcolm Mines NL Corporate Events
Mt Malcolm Mines Updates Corporate Governance Framework
Mt Malcolm Mines NL has released its Corporate Governance Statement for the financial year starting 1 July 2025, confirming its adherence to the ASX Corporate Governance Council’s fourth edition principles. The board emphasises ethical conduct, legal...
Mt Malcolm Mines NL Releases 2026 Annual Report
Mt Malcolm Mines NL has released its annual report for the year ended 30 June 2026, outlining a review of operations, directors’ and auditors’ reports, and consolidated financial statements. The document provides stakeholders with a comprehensive vie...
Mt Malcolm Mines Issues New Shares as Service Consideration Under Cleansing Notice
Mt Malcolm Mines NL has issued 18,203,500 fully paid ordinary shares as part consideration for services rendered, adding to its existing class of ASX-quoted securities. The issuance was conducted without a disclosure document under the Corporations A...
Mt Malcolm Mines Seeks ASX Quotation for 18.2 Million New Shares
Mt Malcolm Mines NL, an Australian resources company listed on the ASX under ticker M2M, is engaged in mineral exploration and development and leverages public equity issuance to fund its activities. Its operations are centered on building a portfoli...
Mt Malcolm Mines NL Issues 6 Million Unquoted Options in Capital Management Move
Mt Malcolm Mines NL has issued two new classes of unquoted options as part of its capital structure, both not intended to be quoted on the ASX. The options comprise 3 million securities expiring on 8 October 2029 with an exercise price of $0.04 and 3...
Mt Malcolm Maps New Copper-Gold Targets Across Malcolm Project
Mt Malcolm Mines NL has completed an integrated geological review across its Malcolm Project near Leonora, delineating multiple new copper and gold exploration targets. The work combines recent rock-chip assays, soil pXRF screening and historic drill...
Mt Malcolm Mines Signs iDrilling for Calypso Gold Project Expansion
Mt Malcolm Mines NL has appointed iDrilling Australia Pty Ltd to undertake a proposed 8,500 metre drilling program at its Calypso Gold Project near Leonora in Western Australia, covering about 30 drill-hole collar locations with a mix of RC-only and...
Mt Malcolm Mines Director David Evans Increases Shareholding
Mt Malcolm Mines NL has disclosed a change in director David Evans’ interests in the company’s shares, in line with ASX listing rule requirements. The notice reports that Evans, through direct and associated holdings, has increased his stake via an o...
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 27, 2026