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Magnetite Mines Ltd

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.007 AUD 0.00 ( 16.67%)
Last update at 2026-11-12T03:23:00Z
VOLUME
912666
Market Cap
2.37M

Momentum Score

…

Magnetite Mines Limited engages in the exploration of mineral properties in South Australia. The company explores for iron, rare earth element, silver, copper, and gold. Its flagship project is the Razorback Iron Ore project comprising of the Razorback and Iron Peak deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015. Magnetite Mines Limited was incorporated in 2004 and is based in Sydney, Australia.

Source: TradingView
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Day Price Range
0.01
Low
0.01
High
52 Week Price Range
0.01
Low
0.07
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Magnetite Mines Ltd is an Australian mineral developer focused on advancing large-scale magnetite iron ore deposits to produce high-grade concentrate for steelmaking. Long-term growth may be supported by global demand for premium feedstock and the scale of its deposits and processing potential, which could make the company attractive to investors seeking exposure to concentrated iron‑ore production.
Key risks include project execution and financing uncertainty, exposure to iron‑ore and steel market cycles, permitting and environmental approvals, and typical operational and scale-up risks of small‑cap resource developers.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.01
Dividend Yield
-
Revenue TTM
0.19M
Revenue Per Share
0.00
Gross Profit TTM
0.19M
Debt / Equity
0.07
ROE
-10.23%
Net Debt
0.78M
ROCE
-8.94%
Diluted EPS TTM
-0.02

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax -4.00M -4.19M -4.85M -5.33M -3.66M
Net income -3.91M -4.19M -4.85M -5.33M -3.66M
Selling general administrative - 0.92M 1.47M 4.39M 2.84M
Selling and marketing expenses - 2.68M 2.81M 3.74M 2.48M
Gross profit -0.21M 0.00M 0.21M 0.21M 0.20M
Reconciled depreciation - - 0.40M 0.26M 0.11M
Ebit -3.54M -4.10M -4.75M -5.23M -3.55M
Ebitda -3.33M -4.06M -4.35M -4.97M -3.44M
Depreciation and amortization 0.21M 0.05M 0.40M 0.26M 0.11M
Operating income -3.54M -3.60M -4.07M -5.47M -3.60M
Other operating expenses 3.54M 3.60M 4.28M 5.68M 3.80M
Interest expense 0.03M 0.03M 0.10M 0.10M 0.11M
Tax provision - - 0.00M 0.00M 0.00M
Interest income - 0.03M 0.16M 0.14M 0.05M
Net interest income - - 0.06M 0.14M -0.06M
Income tax expense -0.09M - -0.84M 0.32M 0.30M
Total revenue - 0.00M 0.21M 0.21M 0.20M
Total operating expenses 3.33M 3.60M 4.28M 5.68M 3.79M
Cost of revenue 0.21M 0.28M 0.40M 2.41M 1.43M
Total other income expense net -0.46M -0.59M -0.78M 0.21M 0.19M
Net income from continuing ops - - -4.85M -5.33M -3.66M
Net income applicable to common shares - -4.19M -4.85M -5.33M -3.66M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 43.27M 41.30M 38.23M 38.97M 45.79M
Intangible assets - - - 0.00M 0.00M
Other current assets 0.08M 0.08M 0.12M - 0.02M
Total liab 3.84M 4.31M 1.38M 3.66M 6.44M
Total stockholder equity 39.43M 36.99M 36.84M 35.31M 39.35M
Other current liab 0.69M 0.87M 0.00M 3.12M 0.80M
Common stock 103.62M 98.48M 95.35M 89.51M 89.55M
Capital stock - - - 89.51M 89.55M
Retained earnings -80.55M -76.64M -72.45M -67.60M -62.27M
Other assets - - - 0.11M 0.11M
Cash 2.01M 1.49M 1.21M 5.13M 19.35M
Cash and equivalents - - - - 16.96M
Total current liabilities 3.69M 4.16M 1.34M 3.53M 4.33M
Current deferred revenue - - 0.84M -2.29M -0.10M
Net debt 0.78M 1.71M -1.14M -2.71M -17.13M
Short term debt 2.64M 3.05M 0.07M 2.29M 0.10M
Short long term debt - - - 1.98M -
Short long term debt total 2.79M 3.20M 0.07M 2.42M 2.21M
Other stockholder equity - - - -21.91M -27.28M
Property plant equipment - - - 33.45M 25.59M
Total current assets 2.12M 1.67M 1.37M 5.41M 20.09M
Long term investments - - - 0.11M 0.11M
Net tangible assets - - - 35.31M 39.35M
Short term investments - - - 3.13M 16.96M
Net receivables 0.03M 0.11M 0.12M 0.25M 0.72M
Long term debt - - - 0.00M 1.98M
Inventory - - -0.08M - -
Accounts payable 0.35M 0.24M 0.42M 0.40M 3.53M
Accumulated other comprehensive income 16.36M 15.14M 13.95M 13.40M 12.07M
Non currrent assets other 40.77M 0.20M - - -25.59M
Non current assets total 41.14M 39.63M 36.86M 33.56M 25.71M
Capital lease obligations - - - 0.45M 0.24M
Long term debt total - - - 0.14M 2.11M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments - - -3.77M -9.98M -10.04M
Change to liabilities - - - -0.61M 0.77M
Total cashflows from investing activities -1.43M -2.91M -3.77M -9.98M -10.04M
Net borrowings - - -1.98M -0.23M -0.07M
Total cash from financing activities 4.08M 5.99M 3.52M -0.36M 15.10M
Net income -3.91M -4.19M -4.85M -5.33M -3.66M
Change in cash 0.53M 0.27M -3.92M -14.21M 2.76M
Begin period cash flow 1.49M 1.21M 5.13M 19.35M 16.59M
End period cash flow 2.01M 1.49M 1.21M 5.13M 19.35M
Total cash from operating activities -2.12M -2.81M -3.67M -3.87M -2.29M
Issuance of capital stock - - 6.50M 0.00M 16.12M
Depreciation 0.21M 0.29M 0.41M 0.26M 0.11M
Other cashflows from investing activities - 0.10M -0.19M 0.00M -0.08M
Dividends paid - - - 0.48M 14.16M
Change to account receivables -0.08M -0.03M 0.12M 0.46M -0.56M
Sale purchase of stock - - -0.67M -0.12M -0.96M
Other cashflows from financing activities -0.23M - -0.34M -9.98M -0.01M
Change to netincome - - - 1.33M 1.05M
Capital expenditures 0.00M 3.01M 3.59M 9.99M 9.97M
Change in working capital -0.10M -0.03M 0.22M -0.14M 0.20M
Stock based compensation - 0.72M 0.55M 1.33M 1.04M
Other non cash items 1.68M 0.40M 0.10M 1.39M 1.84M
Free cash flow -2.13M -5.82M -7.25M -13.86M -12.26M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
MGT
Magnetite Mines Ltd		 0.00
16.67%		 0.01 - - 12.70 0.06 25197.97 -9.03
BHP
BHP Group Ltd		 -0.78
1.29%		 59.61 20.70 15.82 5.10 4.00 3.51 6.71
RIO
Rio Tinto Ltd		 -3.30
2.14%		 150.57 14.04 12.02 4.03 2.49 2.85 6.74
GLC
Glencore Plc		 0.27
2.69%		 10.30 15.15 11.30 0.38 1.95 0.40 7.60
FMG
Fortescue Ltd		 -0.37
2.40%		 15.05 11.31 13.61 2.81 1.51 1.87 4.32

Profile*

Magnetite Mines Ltd

Magnetite Mines Limited engages in the exploration of mineral properties in South Australia. The company explores for iron, rare earth element, silver, copper, and gold. Its flagship project is the Razorback Iron Ore project comprising of the Razorback and Iron Peak deposits located in Adelaide, South Australia. The company was formerly known as Royal Resources Limited and changed its name to Magnetite Mines Limited in December 2015. Magnetite Mines Limited was incorporated in 2004 and is based in Sydney, Australia.

Level 7, Sydney, NSW, Australia, 2000

61 8 8427 0516

https://www.magnetitemines.com

Name Title Year Born
Mr. Ian Bruce Kirkham A.Aus.I.M.M., CA, Ec. Company Sec. & CFO 1965
Mr. Peter James Schubert Non-Exec. Director NA
Mr. Timothy Dobson BAppSc, GAICD, MAusIMM Chief Exec. Officer NA
Gemma Brosnan Gen. Mang. of External Affairs NA
Allan Kane GM of Sustainability NA
Mr. Timothy Dobson BAppSc, GAICD, MAusIMM Chief Executive Officer NA
Mr. Simon David Lee Smith B.Bus, B.Com., C.A., CA CFO & Joint Company Secretary 1973
Mr. Timothy Dobson BAppSc, GAICD, MAusIMM Chief Executive Officer NA
Mr. Simon David Lee Smith B.Bus, B.Com., C.A., CA CFO & Joint Company Secretary 1973
Ms. Inthu Siva Company Secretary & Financial Controller NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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