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M3 Mining Ltd.
(Sydney:M3M)
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Rating:43Neutral
Price Target:
AU$0.02
▲(10.00% Upside)
Action:Reiterated
Date:09/25/26
The score is driven primarily by weak financial performance—minimal/volatile revenue, sustained losses, and ongoing cash burn—only partially offset by a debt-free balance sheet. Technicals also lean negative (RSI below 40 and negative MACD), while valuation support is limited due to a negative P/E and no dividend yield data.
Positive Factors
Debt-Free Balance Sheet
The absence of reported debt limits interest expense and reduces leverage-related pressure on the business. This provides some financial flexibility while M3 Mining develops its operations, although the benefit is tempered by losses, cash burn, and declining assets.
Negative Factors
Pre-Revenue Volatility
The return to zero annual revenue highlights an early-stage business model without dependable commercial scale. Such volatility makes planning difficult, limits internal funding capacity, and leaves the company dependent on future operational progress before it can establish recurring revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
The absence of reported debt limits interest expense and reduces leverage-related pressure on the business. This provides some financial flexibility while M3 Mining develops its operations, although the benefit is tempered by losses, cash burn, and declining assets.
Read all positive factors
M3 Mining Ltd. (M3M) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.01M
Dividend YieldN/A
Average Volume (3M)10.31K
Price to Earnings (P/E)―
Beta (1Y)0.59
Revenue GrowthN/A
EPS Growth63.51%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding208,805,370
10 Day Avg. Volume15,564
30 Day Avg. Volume10,315
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)2.49
Price to Sales (P/S)0.00
P/FCF Ratio-2.98
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
M3 Mining Ltd. Business Overview & Revenue Model
Company Description
M3 Mining Limited is an Australian firm dedicated to identifying and assessing mineral resources, with a principal focus on copper and gold deposits. The company fully owns two significant projects in Western Australia: the Edjudina project, which...
M3 Mining Ltd. Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
56
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 70.34K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -17.42K | 48.63K | -11.97K | -11.28K | -8.40K |
| EBITDA | -1.42M | -1.79M | -2.10M | -2.17M | -1.34M |
| Net Income | -1.42M | -2.34M | -2.11M | -2.12M | -1.35M |
Balance Sheet | |||||
| Total Assets | 1.72M | 1.02M | 2.12M | 3.02M | 3.67M |
| Cash, Cash Equivalents and Short-Term Investments | 1.56M | 836.20K | 1.95M | 2.84M | 3.57M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 63.13K | 171.77K | 291.11K | 267.26K | 230.34K |
| Stockholders Equity | 1.65M | 849.08K | 1.82M | 2.75M | 3.44M |
Cash Flow | |||||
| Free Cash Flow | -1.38M | -1.97M | -1.74M | -1.83M | -1.27M |
| Operating Cash Flow | -1.37M | -1.94M | -1.74M | -1.80M | -1.22M |
| Investing Cash Flow | 10.10K | -19.25K | 0.00 | -43.13K | -55.50K |
| Financing Cash Flow | 2.09M | 847.77K | 847.85K | 1.11M | 2.88M |
M3 Mining Ltd. Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.03
Negative
Market Momentum
>-0.01
Negative
39.46
Neutral
-25.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:M3M, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.46 is Neutral, neither overbought nor oversold. The STOCH value of -25.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:M3M.
M3 Mining 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% | |
48 Neutral | AU$4.66M | ― | 9.69% | ― | ― | -42.31% | |
46 Neutral | AU$5.59M | -3.29 | -25.49% | ― | ― | 36.05% | |
43 Neutral | AU$5.01M | -2.21 | -77.64% | ― | ― | 63.51% | |
41 Neutral | AU$9.48M | -1.77 | -102.37% | 2.99% | ― | -267.57% | |
39 Underperform | AU$4.43M | -0.67 | -586.39% | ― | ― | 57.14% | |
36 Underperform | AU$3.72M | -0.54 | -119.59% | ― | ― | 49.67% |
* Basic Materials Sector Average
AU:M3M
M3 Mining Ltd.
0.02
-0.02
-42.50%
AU:YAR
Consolidated Zinc Limited
0.01
0.00
0.00%
AU:ABR
Bryah Resources Ltd.
―
―
―
AU:ATT
Copper Search Ltd.
0.01
-0.03
-75.00%
AU:SLA
Lycaon Resources Ltd.
0.16
-0.02
-11.11%
AU:BUS
Bubalus Resources Ltd.
0.08
-0.07
-46.67%
M3 Mining Ltd. Corporate Events
M3 Mining Sets Date and Director Nomination Deadline for 2026 AGM
Sep 24, 2026
M3 Mining Limited has announced that it will hold its Annual General Meeting on 19 November 2026, with full details to be provided to shareholders in a forthcoming notice. The meeting forms part of the company’s regular governance cycle, giv...
M3 Mining Files Updated Corporate Governance Statement with ASX
Sep 21, 2026
M3 Mining Limited has lodged its Appendix 4G and corporate governance statement with the ASX for the financial year ended 30 June 2026. The statement, current as of 21 September 2026 and approved by the board, is available on the company’s w...
M3 Mining Sets Out Corporate Framework in 2026 Annual Report
Sep 21, 2026
M3 Mining Limited is an Australian mineral exploration and development company listed on the ASX under the code M3M, headquartered at London House on St Georges Terrace in Perth, Western Australia. The company’s governance structure is led b...
M3 Mining Identifies New Gold Anomalies at Edjudina Project
Jul 23, 2026
M3 Mining has reported encouraging assay results from an ultra-fine soil sampling program at the Yilgangie and Broken Hill Bore prospects within its Edjudina Gold Project in Western Australia. The CSIRO-developed ultrafine technique has successful...
M3 Mining Advances Edjudina Soil Sampling as Cash Supports Future Exploration
Jul 15, 2026
M3 Mining reported that it completed an approximately 500-sample ultra-fine soil program across the Yilgangie and Broken Hill Bore prospects at its Edjudina Gold Project, with assays expected shortly to refine gold targets linked to historic high-...
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.