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MinRex Resources Limited
(Sydney:MRR)
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Rating:44Neutral
Price Target:
AU$0.01
▼(-35.00% Downside)
Action:Reiterated
Date:10/03/26
The score is weighed down primarily by weak financial performance (minimal/unstable revenue, ongoing losses, and continued cash burn) and bearish technical signals (below key long-term moving averages with negative MACD). A low-debt, stronger equity position provides some balance-sheet resilience, but valuation is constrained by negative earnings and no indicated dividend support.
Positive Factors
Very low leverage
Minimal debt reduces balance-sheet financial risk and avoids significant interest or refinancing obligations. This gives MinRex greater flexibility to preserve capital and fund exploration through its existing asset base, although it does not by itself establish commercial profitability.
Negative Factors
Minimal and volatile revenue
The absence of meaningful revenue leaves MinRex without a demonstrated commercial earnings base to absorb corporate and exploration costs. Continued revenue volatility makes operating results dependent on future project progress, increasing uncertainty about when the business can become self-funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal debt reduces balance-sheet financial risk and avoids significant interest or refinancing obligations. This gives MinRex greater flexibility to preserve capital and fund exploration through its existing asset base, although it does not by itself establish commercial profitability.
Read all positive factors
MinRex Resources Limited (MRR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$27.86M
Dividend YieldN/A
Average Volume (3M)1.72M
Price to Earnings (P/E)―
Beta (1Y)1.15
Revenue GrowthN/A
EPS Growth18.18%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,143,153,300
10 Day Avg. Volume2,678,924
30 Day Avg. Volume1,717,231
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)0.65
Price to Sales (P/S)0.00
P/FCF Ratio-8.90
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
MinRex Resources Limited Business Overview & Revenue Model
Company Description
MinRex Resources Limited, an Australian company founded in 2011 and based in Perth, is dedicated to discovering and developing mineral deposits. The firm primarily concentrates its efforts on gold, silver, copper, and various other base metals acr...
How the Company Makes Money
null...
MinRex Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
28
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 32.38K | 6.02K | 0.00 | 0.00 |
| Gross Profit | -7.17K | 32.38K | -70.31K | -113.36K | -66.82K |
| EBITDA | -1.92M | -2.06M | -4.23M | -17.19M | -2.65M |
| Net Income | -2.43M | -2.36M | -4.30M | -17.31M | -2.72M |
Balance Sheet | |||||
| Total Assets | 29.66M | 12.95M | 14.81M | 19.03M | 34.60M |
| Cash, Cash Equivalents and Short-Term Investments | 6.05M | 499.32K | 9.94M | 11.69M | 14.19M |
| Total Debt | 0.00 | 0.00 | 71.73K | 105.03K | 129.71K |
| Total Liabilities | 995.06K | 192.14K | 270.44K | 532.39K | 475.47K |
| Stockholders Equity | 28.67M | 12.76M | 14.53M | 18.50M | 34.12M |
Cash Flow | |||||
| Free Cash Flow | -2.08M | -1.23M | -2.13M | -3.69M | -2.65M |
| Operating Cash Flow | -2.04M | -1.23M | -1.98M | -3.54M | -2.35M |
| Investing Cash Flow | 8.35M | -174.42K | -7.94M | -192.45K | -232.13K |
| Financing Cash Flow | -748.88K | 171.50K | -37.81K | 1.23M | 14.32M |
MinRex Resources Limited Technical Analysis
Negative
0.02
Price Trends
0.01
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
31.97
Neutral
-172.22
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MRR, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.01, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 31.97 is Neutral, neither overbought nor oversold. The STOCH value of -172.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MRR.
MinRex Resources Limited 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% | |
49 Neutral | AU$50.50M | -5.53 | -22.65% | ― | ― | -2.81% | |
48 Neutral | AU$32.43M | 2.21 | 50.59% | ― | ― | ― | |
48 Neutral | AU$34.68M | 2.64 | 57.37% | ― | ― | ― | |
44 Neutral | AU$27.86M | -10.83 | -11.91% | ― | ― | 18.18% | |
38 Underperform | AU$34.68M | -10.00 | -4.04% | ― | ― | ― | |
34 Underperform | AU$32.24M | -1,261.98 | -0.21% | ― | ― | 27.27% |
* Basic Materials Sector Average
AU:MRR
MinRex Resources Limited
0.01
<0.01
8.33%
AU:S2R
S2 Resources
0.06
-0.05
-42.86%
AU:JLL
Jindalee Resources Limited
0.41
-0.18
-31.01%
AU:RCM
Armada Metals Ltd.
0.03
-0.05
-62.67%
AU:WCE
Errawarra Resources Ltd.
0.07
-0.11
-60.56%
AU:PL9
Arizona Lithium Limited
0.01
0.00
0.00%
MinRex Resources Limited Corporate Events
MinRex Shareholders Back Incentive Plan and Name Change in Overwhelming Vote
Sep 30, 2026
MinRex Resources Limited, an ASX-listed mineral exploration company, operates in the Australian mining sector and utilises equity-based incentives and capital raisings to fund its resource projects and align executive and director performance with...
MinRex Releases 2026 Annual Report Detailing Gold and Copper Portfolio
Sep 30, 2026
MinRex Resources Limited has released its Annual Report for 2026, outlining governance, operational, financial and sustainability information for the year. The report details the company’s portfolio of gold and copper assets in Serbia and Au...
Minrex Drilling Uncovers Continuous High-Grade Core at Barje Deposit
Sep 21, 2026
Minrex Resources has reported standout diamond drilling results from the central zone of the Barje Deposit at its Tlamino Gold-Silver Project, overturning the previous model that indicated a low-grade gap between two high-grade zones. The new inte...
MinRex Clarifies Risk and Compliance Around Serbian Gold-Copper Assets
Sep 17, 2026
MinRex Resources Limited is an ASX-listed exploration and development company targeting high-grade gold and copper in Serbia’s West Tethyan Belt, with key assets such as the Timok East Copper-Gold Project near Zijin’s Veliki Krivelj mi...
Minrex launches maiden greenfield drilling as Tlamino enters pivotal quarter
Sep 15, 2026
Minrex Resources Limited has completed infill drilling at the shallow Barje deposit on time and within budget, and is now launching a maiden greenfield exploration program at the Tlamino Project. The program will systematically test Western and Ea...
Minrex Resources Moves to Digital Notice Ahead of September General Meeting
Aug 26, 2026
Minrex Resources Limited has called a General Meeting of shareholders to be held in West Perth on 30 September 2026, with all resolutions to be decided by poll based on proxy votes and votes cast at the meeting. The company is shifting to electron...
MinRex calls shareholder vote on major incentive plan and prior securities issues
Aug 26, 2026
MinRex Resources Limited has called a general meeting of shareholders for 30 September 2026 in West Perth to consider several capital and remuneration-related resolutions. The voting record date is set for 28 September 2026, and shareholders are e...
MinRex Resources Announces Departure of Major Shareholding Director
Aug 11, 2026
MinRex Resources has disclosed that director Elena Clarici ceased to be a board member on 11 August 2026, triggering a final notice of her interests in the company’s securities. The filing outlines that Clarici directly held 10,365,048 fully...
Minrex Reshapes Board as Electrum Integration Reaches Key Milestone
Aug 11, 2026
Minrex Resources Limited has announced that Executive Director Dr Elena Clarici has ceased her role with immediate effect by mutual agreement, enabling her to pursue other business opportunities. Her departure comes after the successful integratio...
MinRex Shifts to Operatorship With 2026 Growth Plan and Barje Drilling Restart
Jul 30, 2026
MinRex Resources has outlined a dual-stream Growth Execution Plan for 2026, targeting advancement of its flagship Tlamino Gold Project while progressing broader Serbian and Australian exploration assets. The strategy focuses on upgrading resource...
MinRex Resources Issues 4.6 Million New Shares Under Cleansing Notice
Jul 27, 2026
MinRex Resources Limited has issued 4,609,900 new shares in its capital, using provisions that allow securities to be offered without a full disclosure document under the Corporations Act. The company has formally notified the market of this issua...
MinRex Resources Seeks ASX Quotation for 4.6 Million New Shares
Jul 27, 2026
MinRex Resources Limited has lodged an application with the ASX for quotation of 4,609,900 new ordinary fully paid shares. The securities are being issued under an agreement and are scheduled to be quoted with an issue date of July 27, 2026.The mo...
MinRex Resources Announces Executive Director Departure After Serbian Integration
Jul 26, 2026
MinRex Resources Limited has announced that Executive Director Elena Clarici will step down from her role effective 24 October 2026, marking a key leadership change following the company’s merger with Electrum Discovery Corp. Clarici joined ...
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.