0.01
+16.67%
Close of 9 Nov 2026, in AUD
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About Magnum Mining and Exploration
Its shares trade on ASX under the ticker MGU.AX. It has been listed since 23 April 1987. In the fiscal year to 31 December 2024, it reported revenue of A$114,276 and a net loss of A$2.0m. At that date it held total assets of A$10.7m and shareholders' equity of A$9.8m.
Magnum Mining & Exploration Ltd. engages in the exploration of mineral properties focuses on Tantalite Valley project located in Namibia and Gravelotte project located in South Africa. The company is headquartered in Subiaco, Western Australia. The firm is focused on exploration of Gravelotte Project, which is located in the Limpopo province of South Africa. The firm also owns the Buena Vista iron ore project, which is located approximately 160 kilometer (Km) east-north-east of Reno in the state of Nevada.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 23 Apr 1987
- Employees
- 1
- Website
- mmel.com.au ↗
Leadership
Pay as last reported
- Mr. Luke MartinoNon-Executive Chairman of the Board, since 2023
- Mr. John O'GormanCompany Secretary
- Mr. Neil GoodmanNon-Executive Director, since 2022
- Mr. Athan LekkasNon-Executive Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Magnum Mining and Exploration Ltd enjoys a strong reputation in the mining industry due to its extensive experience and expertise.
- The company possesses a diverse portfolio of mining projects, allowing it to reduce risk and capitalize on various opportunities.
- Magnum Mining and Exploration Ltd benefits from robust financial health, enabling it to fund exploration and development activities.
Weaknesses
- One of the major weaknesses of Magnum Mining and Exploration Ltd is its dependence on external factors such as commodity prices, which can directly impact its profitability.
- The company may face challenges in securing necessary permits and licenses for its mining projects, resulting in delays and potential financial losses.
- Magnum Mining and Exploration Ltd has a relatively small market share compared to its competitors, limiting its influence and potential for growth.
Opportunities
- There are several opportunities for Magnum Mining and Exploration Ltd to expand its operations into new geographic regions, potentially increasing its market presence and profitability.
- The growing global demand for minerals and metals presents an opportunity for the company to capitalize on increasing commodity prices and generate higher revenues.
- Magnum Mining and Exploration Ltd can leverage advancements in technology to improve efficiency and reduce costs, enhancing its competitiveness in the industry.
Threats
- The mining industry is prone to environmental and social scrutiny, and any negative impact caused by Magnum Mining and Exploration Ltd's operations could lead to reputational damage and legal repercussions.
- Fluctuations in commodity prices can significantly impact the company's profitability, making it vulnerable to economic downturns and market volatility.
- Magnum Mining and Exploration Ltd faces intense competition within the mining industry, with larger and well-established companies posing a threat to its market share and growth potential.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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