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New Age Exploration Limited (NAE) AI Stock Analysis

AU:NAE

New Age Exploration Limited

(ASX:NAE)

Select Model
Rating:37Underperform
Price Target:AUD 0.01â–²(450.00% Upside)
Action:downgraded
Date:09/13/26

The overall score is at the minimum of 37, reflecting a high-risk, pre-revenue exploration company. The most significant factor is the extremely poor financial performance, marked by zero revenue, accelerating losses, and rapid cash burn that threatens the company's solvency. This is compounded by a lack of any positive technical or valuation signals. The only relative strength, a debt-free balance sheet, is insufficient to offset the severe operational and financial weaknesses.

Positive Factors
Zero reported debtThe absence of reported debt limits interest obligations and reduces refinancing pressure, giving the company more balance-sheet flexibility than a similarly loss-making business with leverage. This financial structure may help preserve optionality while management addresses weak operating performance.
Negative Factors
Minimal and inconsistent revenueMinimal and inconsistent revenue indicates that the business has not yet established a dependable commercial base. The reported decline to zero leaves limited evidence of recurring customer demand, operating scale, or a revenue stream capable of supporting future investment and expenses.

New Age Exploration Limited (NAE) vs. iShares MSCI Australia ETF (EWA)

Not enough price history over this period.

Market Cap
AUD 8.68M
Dividend Yield
―
Average Volume (3M)
―
Price to Earnings (P/E)
-1.3
Beta (1Y)
1.89
Revenue Growth
―
EPS Growth
-42.86%
Country
Australia
Employees
20
Sector
Basic Materials
Sector Strength
61
Industry
Industrial Materials

New Age Exploration Limited Business Overview & Revenue Model

Company Description

New Age Exploration Limited is a company engaged in the exploration and development of mineral and metal resources. Its core activities revolve around gold projects situated in the United Kingdom, Australia, and New Zealand. In Western Australia, the...

How the Company Makes Money

null

New Age Exploration Limited Financial Statement Overview

Summary

Financial performance is critically weak. The company is pre-revenue with escalating net losses (-$4.2M) and deeply negative margins. The only mitigating factor is a debt-free balance sheet with $6.2M in equity, but this is being rapidly eroded by a -67% return on equity and unsustainable negative free cash flow (-$2.4M).

Income Statement

1Very Negative

Balance Sheet

55Neutral

Cash Flow

20Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue00362000
Gross Profit0-5,156362-10.91K-14.78K-10.69K
EBITDA-1.81M-1.80M-2.15M-3.40M-1.13M-1.17M
Net Income-4.21M-4.21M-1.51M-3.45M-1.16M-1.18M
Balance Sheet
Total Assets6.67M6.67M6.28M4.92M5.10M6.11M
Cash, Cash Equivalents and Short-Term Investments1.57M1.57M581.73K1.40M1.84M4.18M
Total Debt000000
Total Liabilities420.95K420.95K210.46K316.89K295.08K141.22K
Stockholders Equity6.25M6.25M6.07M4.61M4.81M5.97M
Cash Flow
Free Cash Flow-2.41M-2.41M-4.29M-2.28M-2.34M-2.18M
Operating Cash Flow-929.02K-929.02K-1.41M-1.31M-1.08M-1.22M
Investing Cash Flow-1.56M-1.56M-2.90M-975.08K-1.26M-962.89K
Financing Cash Flow3.51M3.51M3.47M1.85M2.34M-9,672

New Age Exploration Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:NAE against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
AU:EV1AU:EV145NeutralAUD 6.53M-2.90-27.88%――70.75%
AU:NWMAU:NWM45NeutralAUD 9.46M-23.33-4.80%――66.67%
AU:KOBAU:KOB43NeutralAUD 6.28M-1.17-40.85%――9.62%
AU:PKOAU:PKO43NeutralAUD 20.88M-8.96-106.77%――42.86%
AU:NAEAU:NAE37UnderperformAUD 8.68M-1.25-55.20%――-42.86%
AU:SLBAU:SLB37UnderperformAUD 16.54M-5.38-52.37%―-91.26%10.96%

* Basic Materials Sector Average

Performance Comparison

0%100%200%300%AU:PKOAU:EV1AU:NWMAU:KOBAU:SLBSep '26Oct '26
AU:NAE and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:NAENew Age Exploration Limited―――
AU:PKOPeako Limited0.01-0.00-9.09%
AU:EV1Evolution Energy Minerals Limited0.01-0.00-16.67%
AU:NWMNorwest Minerals Ltd.0.010.000.00%
AU:KOBKoba Resources Limited0.02-0.05-69.86%
AU:SLBStelar Metals Limited0.210.14182.89%

New Age Exploration Limited Corporate Events

New Age Exploration Files 2026 Corporate Governance Statement With ASX

Sep 10, 2026

New Age Exploration Limited has lodged its annual corporate governance statement for the year ended 30 June 2026 with the ASX, confirming compliance with Listing Rules on governance disclosure. The statement, current as of 10 September 2026, outlines...

New Age Exploration Starts Phase 1 Drilling at Wallah Silver Project

Aug 31, 2026

New Age Exploration Limited has appointed an experienced drilling contractor to undertake the Phase 1 campaign at its Wallah Silver Project in New South Wales, comprising two holes for about 300 metres of drilling. The program, starting in early Sept...

NAE Drilling Confirms Widespread Gold Mineralisation at Lammerlaw’s Bella Prospect

Aug 28, 2026

New Age Exploration Limited has reported a second tranche of assay results from 13 reverse circulation and diamond drillholes at the Bella Prospect, part of its Phase 2 2026 drilling program at the Lammerlaw Gold-Antimony Project in Otago, New Zealan...

NAE Sharpens Drill Targets at Wallah Silver Project After IP Data Reprocessing

Aug 10, 2026

New Age Exploration has reprocessed historic induced polarisation data at its 100%-owned Wallah Silver Project in New South Wales, using modern software to refine targets around the historic Walla Walla Silver-Lead Mine. The work confirms that high-g...

New Age Exploration Issues 57 Million New Shares Under Existing Disclosure Exemptions

Jun 30, 2026

New Age Exploration Limited has issued 57,142,857 fully paid ordinary shares without a prospectus or other disclosure document under Part 6D.2 of the Corporations Act. The company has confirmed it is in compliance with its continuous disclosure and f...

New Age Exploration Seeks ASX Quotation for 57 Million New Shares

Jun 30, 2026

New Age Exploration Limited has lodged an application with the ASX for quotation of 57,142,857 new ordinary fully paid shares. The securities are to be issued on June 30, 2026, under the company’s existing listing framework.The sizeable share i...

New Age Exploration Completes Acquisition of Wallah Silver Project in NSW

Jun 30, 2026

New Age Exploration has completed the acquisition of the Wallah Silver Project in south-central New South Wales by buying 100% of Sun Pacific Resources Pty Ltd, which holds the key exploration licence. The deal combines cash and share consideration,...

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.

Date of analysis: Sep 13, 2026