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Mt Monger Resources Ltd.
(Sydney:MTM)
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Rating:43Neutral
Price Target:
AU$0.25
▼(-41.63% Downside)
Action:Reiterated
Date:10/01/26
The score is driven primarily by weak financial performance—minimal revenue, accelerating losses, and significant cash burn—despite low balance-sheet leverage. Technicals add further pressure with the price below all major moving averages and negative MACD. Valuation provides limited support because losses make the negative P/E less informative and there is no dividend yield data.
Positive Factors
Low Leverage
Debt-to-equity of about 0.05 indicates limited reliance on debt and reduces interest or refinancing pressure relative to a highly leveraged structure. This gives management more balance-sheet flexibility, although it does not offset the company’s operating losses and cash needs.
Negative Factors
Minimal Revenue Base
A minimal or near-zero revenue base leaves the company without a dependable operating stream to absorb costs and fund development. This weakens earnings visibility, limits internal reinvestment capacity, and makes future progress more dependent on establishing consistent commercial revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Debt-to-equity of about 0.05 indicates limited reliance on debt and reduces interest or refinancing pressure relative to a highly leveraged structure. This gives management more balance-sheet flexibility, although it does not offset the company’s operating losses and cash needs.
Read all positive factors
Mt Monger Resources Ltd. (MTM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$196.38M
Dividend YieldN/A
Average Volume (3M)2.69M
Price to Earnings (P/E)―
Beta (1Y)3.49
Revenue GrowthN/A
EPS Growth10.08%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.07
Shares Outstanding755,292,300
10 Day Avg. Volume3,328,190
30 Day Avg. Volume2,691,213
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)2.10
Price to Sales (P/S)0.00
P/FCF Ratio-5.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.60Price Target Upside272.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.03
Revenue Forecast (FY)AU$90.30M
Mt Monger Resources Ltd. Business Overview & Revenue Model
Company Description
Operating through its various subsidiaries, Metallium Limited undertakes mineral exploration activities across Western Australia. Its exploratory efforts target a diverse range of commodities, including precious metals like gold, various base meta...
How the Company Makes Money
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Mt Monger Resources Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 100.53K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.98M | 100.53K | -19.96K | -18.86K | -15.05K |
| EBITDA | -42.46M | -30.00M | -3.93M | -1.73M | -1.26M |
| Net Income | -42.84M | -33.14M | -3.91M | -1.75M | -1.28M |
Balance Sheet | |||||
| Total Assets | 133.63M | 32.94M | 18.71M | 8.92M | 5.52M |
| Cash, Cash Equivalents and Short-Term Investments | 64.72M | 7.34M | 2.49M | 2.56M | 1.40M |
| Total Debt | 5.66M | 5.97M | 4.91K | 13.73K | 21.68K |
| Total Liabilities | 12.13M | 7.22M | 398.65K | 401.18K | 490.50K |
| Stockholders Equity | 121.49M | 25.72M | 18.29M | 8.49M | 5.00M |
Cash Flow | |||||
| Free Cash Flow | -50.23M | -5.65M | -4.52M | -3.40M | -3.05M |
| Operating Cash Flow | -17.04M | -4.67M | -2.03M | -1.28M | -1.29M |
| Investing Cash Flow | -46.87M | -6.81M | -3.65M | -2.12M | -1.77M |
| Financing Cash Flow | 121.75M | 16.33M | 5.61M | 4.56M | 4.37M |
Mt Monger Resources Ltd. Technical Analysis
Negative
0.43
Price Trends
0.35
Negative
0.39
Negative
0.56
Negative
Market Momentum
-0.03
Positive
32.85
Neutral
10.37
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MTM, the sentiment is Negative. The current price of 0.43 is above the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.35, and below the 200-day MA of 0.56, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 32.85 is Neutral, neither overbought nor oversold. The STOCH value of 10.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MTM.
Mt Monger Resources 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% | |
53 Neutral | AU$440.92M | -20.13 | -21.51% | ― | ― | -62.33% | |
49 Neutral | AU$131.99M | -12.54 | -31.18% | ― | ― | 23.69% | |
48 Neutral | AU$268.66M | -13.94 | -4.98% | ― | ― | -127.85% | |
47 Neutral | AU$344.56M | -55.98 | -4.32% | ― | ― | 5.15% | |
43 Neutral | AU$196.38M | -3.89 | -45.72% | ― | ― | 10.08% |
* Basic Materials Sector Average
AU:MTM
Mt Monger Resources Ltd.
0.26
-0.82
-75.81%
AU:AZY
Antipa Minerals Limited
0.52
-0.17
-24.26%
AU:MM8
Medallion Metals Ltd
0.48
-0.08
-13.64%
AU:CEL
Challenger Exploration Limited
1.57
-1.43
-47.67%
AU:MMA
Maronan Metals Ltd
0.42
0.05
13.51%
AU:MPK
Many Peaks Gold Ltd.
1.04
0.19
22.35%
Mt Monger Resources Ltd. Corporate Events
Metallium Sets Date for 2026 AGM and Pushes Digital Communications
Oct 9, 2026
Metallium Limited has called its 2026 annual general meeting for 10 November at the Vibe Hotel in Subiaco, Western Australia, inviting shareholders to attend in person or vote by proxy. The company is providing the notice and explanatory materials...
ECT and Xenica achieve key milestone in MXene production using Flash Joule Heating
Oct 8, 2026
Environmental Clean Technologies Limited has reported that its acquisition target Xenica Inc has successfully produced MXene in initial runs of a scale-up optimisation program using Metallium’s Flash Joule Heating reactor platform. The MXene...
Metallium Clears 3 Million New Shares for Secondary Trading Under Cleansing Notice
Oct 2, 2026
Metallium Limited has issued 3,000,000 ordinary fully paid shares at a deemed issue price of $0.295 and lodged a cleansing notice under sections 708A(5)(e) and 708A(6) of the Corporations Act. The notice confirms the shares were issued without a p...
Metallium Seeks ASX Quotation for 3 Million New Shares
Oct 2, 2026
Metallium Limited has lodged an application with the ASX for quotation of 3,000,000 ordinary fully paid shares under its existing MTM ticker, with an issue date of October 2, 2026. The new share quotation formalizes the expansion of the company...
Metallium Seeks ASX Quotation for Additional Ordinary Shares
Oct 1, 2026
Metallium Limited has applied to the ASX for quotation of 37,500 new ordinary fully paid shares under its issuer code MTM. The new securities, issued on 2 October 2026 following the exercise or conversion of existing instruments, will marginally i...
Metallium Advances FJH Scale-Up with Successful Multi-Reactor Chlorination Campaign
Sep 30, 2026
Metallium Limited has successfully completed a 12-hour multi-unit Flash Joule Heating chlorination campaign at its Texas Technology Campus, using three reactors to process platinum group metal-rich catalytic converter feedstock. The program tested...
Metallium Files Appendix 4G, Confirms Governance Compliance
Sep 30, 2026
Metallium Limited has lodged its Appendix 4G with the ASX, confirming the location and currency of its corporate governance statement as at 30 June 2026 and its approval by the board. The statement is hosted on the company’s website, providi...
Metallium Issues New Shares and Lodges Cleansing Notice to Enable Trading
Sep 22, 2026
Metallium Ltd has issued 37,500 ordinary fully paid shares at $0.18 each and has lodged a cleansing notice confirming these securities were issued without a full prospectus under specific provisions of Australian corporations law. The company stat...
Metallium Seeks ASX Quotation for 37,500 New Ordinary Shares
Sep 22, 2026
Metallium Limited has applied to the ASX for quotation of 37,500 new ordinary fully paid shares, to be issued and listed on 22 September 2026 under its existing ticker MTM. The issuance arises from the exercise or conversion of existing options or...
Metallium Sets AGM Date as Governance Moves Align With U.S. Growth Push
Sep 14, 2026
Metallium Limited has scheduled its Annual General Meeting for 10 November 2026, where shareholders will consider the re-election and appointment of directors. Nominations for board positions must be lodged at the company’s registered office...
Metallium issues new shares and lodges cleansing notice to support trading and transparency
Sep 3, 2026
Metallium Limited has issued 30,000 ordinary fully paid shares at a deemed price of $0.42, and has lodged a cleansing notice so these securities can be freely traded under the exemption provisions of the Corporations Act. The company confirmed it ...
Metallium Limited Seeks ASX Quotation for 30,000 New Shares
Sep 3, 2026
Metallium Limited has applied for quotation of 30,000 ordinary fully paid shares on the ASX, with an issue date of 3 September 2026 and ticker code MTM. The small-sized issuance, lodged as a new Appendix 2A announcement, represents a routine capit...
Metallium Plans Modest Share Placement on ASX
Sep 2, 2026
Metallium Limited has notified the ASX of a proposed placement of up to 30,000 ordinary fully paid shares, with the new securities scheduled for issue on 3 September 2026. The move modestly expands the company’s capital base and signals ongo...
Metallium Updates Market on Lapse of Director Performance Rights
Sep 2, 2026
Metallium Ltd has reported a change in director Michael Walshe’s indirect interests, lodged via an Appendix 3Y notice to the ASX. The interests are held through Satinka Consulting Pty Ltd , where Walshe is a director, shareholder and trust b...
Metallium trims potential dilution as performance rights lapse
Sep 2, 2026
Metallium Limited has notified the market of changes to its capital structure following the lapse of a tranche of performance rights. The company, listed on the ASX under ticker MTM, confirmed that these rights have ceased after failing to meet th...
Metallium Restarts Chlorinated Testing in Texas as Gator Point Expansion Delivers First MXene Revenue
Aug 25, 2026
Metallium Limited has resolved a permitting constraint at its Gator Point Technology Campus in Anahuac, Texas by securing additional land from Chambers County, allowing chlorinated Flash Joule Heating testing to restart and enabling a planned 12&#...
Metallium Clears Trading of New Share Issue as It Advances Low‑Carbon Metals Strategy
Aug 20, 2026
Metallium Limited has issued 973,500 ordinary fully paid shares at a deemed price of $0.18 and lodged the necessary notice so these securities can be freely traded under the disclosure exemptions in Australia’s Corporations Act. The company ...
Metallium Limited Seeks ASX Quotation for 937,500 New Shares
Aug 20, 2026
Metallium Limited, listed on the ASX under the code MTM, is an Australian company whose ordinary fully paid shares are traded on the securities exchange. The company operates within the broader resources and mining investment sector, with its acti...
Metallium clears 13m performance-rights share issue with cleansing notice
Aug 13, 2026
Metallium Ltd has issued 13 million ordinary fully paid shares following the vesting and exercise of an equivalent number of performance rights held by Satinka Consulting, a nominee of managing director and CEO Michael Walshe. The rights vested on...
Metallium Seeks ASX Quotation for 13 Million New Shares
Aug 13, 2026
Metallium Limited has applied for quotation on the ASX of 13 million new ordinary fully paid shares, issued on 10 August 2026, under its ticker MTM. The application signals an expansion of the company’s listed capital base, which may provide...
Metallium Showcases Critical Metals Technology at Canaccord Growth Conference
Aug 13, 2026
Metallium Limited announced that Managing Director and CEO Michael Walshe presented the company’s strategy and technology at the Canaccord Genuity 46th Annual Growth Conference in Boston on 12 August 2026. The presentation, now available as ...
Metallium’s Flash Joule Tech Broadens Critical Metals Opportunities
Aug 11, 2026
Metallium Limited has reported successful testing of its Flash Joule Heating platform on multiple critical metal feedstocks beyond its core electronic waste focus. The technology converted raw rare earth ore into a high-grade mixed chloride produc...
Metallium Appoints New Director With No Initial Shareholding
Aug 11, 2026
Metallium Ltd., an ASX-listed entity associated with Mt Monger Resources Ltd., has announced the appointment of Kellie Benda as a director effective 10 August 2026. An initial director’s interest notice lodged with the ASX confirms that Bend...
Metallium strengthens board and executive team to drive U.S. growth and FJH rollout
Aug 10, 2026
Metallium Limited has overhauled its leadership structure with the appointment of two independent non-executive directors, former USA Rare Earth executive Josh Hawes and governance specialist Kellie Benda, to bolster expertise in critical minerals...
Goldman Sachs exits substantial shareholding in Metallium Limited
Aug 9, 2026
Goldman Sachs Group and its Australian subsidiaries have ceased to be substantial shareholders in Metallium Limited, as disclosed in a regulatory notice filed under the Corporations Act. The change reflects a reduction in Goldman Sachs’ voti...
Metallium’s Quarterly Webinar Heavily Emphasises Disclaimers and Investment Risk
Aug 3, 2026
Metallium Ltd has issued a quarterly investor webinar presentation providing an overview of its operations and investment profile, while stressing that the material is for informational purposes only and does not constitute an offer of securities ...
Metallium seals first Flash Joule Heating services deal, launches Processing-as-a-Service model
Aug 3, 2026
Metallium Limited has signed its first technology services agreement for its Flash Joule Heating platform, in a 12-month RD and engineering support deal with Environmental Clean Technologies to evaluate FJH for MXene production using its Gator Poi...
Metallium Halts Trading Ahead of First Commercial Deal for Flash Joule Technology
Aug 2, 2026
Metallium Limited has requested and received a trading halt on its securities from the ASX Compliance team, with the halt to remain in place until either an upcoming announcement is released or normal trading resumes on 5 August 2026. The company ...
Metallium De-Risks Critical Metals Platform as Texas Campus and E-Waste Strategy Advance
Jul 29, 2026
Metallium reported strong progress in the June 2026 quarter, stating that more than 100 Flash Joule Heating test campaigns and a successful multi-reactor run have substantially de-risked its core platform. With construction advancing at its Texas ...
Metallium Plans Investor Webinar to Present June 2026 Quarterly Update
Jul 28, 2026
Metallium Limited announced that it will release its June 2026 Quarterly Activities Report on 30 July 2026 and will follow this with an investor webinar on 4 August 2026. The webinar will address the company’s quarterly activities and provid...
Metallium Issues New Unquoted Equity Under Employee Incentive Schemes
Jul 22, 2026
Metallium Limited, an ASX-listed resources company trading under the ticker MTM, incorporates unquoted equity instruments into its capital and remuneration framework. These securities are used to incentivise and retain personnel, underpinning the ...
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.