Minerals Exploration Limited (MEX) Fair Value & Analysis
Basic Materials · AU · Market cap A$10.4M
Fair value as of: Jul 17, 2026
From 1 valuation models · updated today
Share price −3.6% over the past month.
Price vs Fair Value (12 months)
12‑month range A$0.0540 – A$0.2750 · fair‑value band A$0.0302 – A$0.0356 · the A$0.0540 price screens above the A$0.0302 fair value. As of Jul 17, 2026.
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Minerals Exploration Limited (MEX) currently trades at A$0.0540, while our model-based Fair Value estimate is A$0.0302, implying the stock looks roughly 44.0% overvalued today. We read business quality at 30/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
It earns a return on equity of -18.2%. Fundamentals as of Jul 17, 2026
Our scenario range runs from A$0.0302 (bear case) to A$0.0356 (bull case); at A$0.0540, the current price sits above that range. For context, the median of 10 Basic Materials peers we cover trades at 47% fair-value upside, at -44%, MEX screens richer than that median.
Key figures & financial health
Figures from reported company fundamentals (EODHD) · as of Jul 17, 2026. TTM = trailing twelve months.
About the company
Minerals Exploration Limited, an exploration company, engages in the exploration and development of uranium, vanadium, lithium, and other mineral properties. It holds 100% interest in the East Canyon project that comprises 231 contiguous claims, which covers an area of approximately 4,620 acres/18.7 square kilometers located in the Dry Valley/East Canyon mining district of south-eastern Utah, the United States; South Pass Wyoming Lithium Project in Wyoming, the United States; and the Frome Downs and Yankaninna projects in the South Australia. The company was formerly known as Uvre Limited and changed its name to Minerals Exploration Limited in November 2025. The company was incorporated in 2021 and is based in West Perth, Australia.
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
Minerals Exploration Limited reported revenue of A$88.3K in FY2025 versus A$530 in FY2022, a compound +450.3%/yr. Reported net income was −A$1.4M in FY2025.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.