Price, volume & events
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- Last 2026-11-06
- A$0.76
- 1D
- —
- 1M
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- YTD
- —
- 1Y
- —
- Fair value
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- Mkt cap
- A$121.9M
- EV
- A$197.4M
- Cash
- A$10M
- Debt
- A$85.5M
2 newer ASX announcements not yet reflected in this valuation
- Changes to Executive TeamPost Annual Leadership Change
- Annual Report to ShareholdersLatest Annual Report
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Sign in or enter a guest codeAnnouncements
Latest 12 of 8All sources ▸- Notification of cessation of securities - MLGCorporate Action
- Application for quotation of securities - MLGCorporate Action
- Morgans Institutional Roundtable PresentationPresentation
- FY26 Half Year Financial Report AnnouncementResults
- Notification of cessation of securities - MLGCorporate Action
- Notification regarding unquoted securities - MLGFinancing
- Annual Report to ShareholdersResults
- Notification of cessation of securities - MLGCorporate Action
Event calendar · next 12 months
4 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Hybrid road-train prototype testing and Northern Territory site validation in H1 FY2027 | Hybrid road-train prototype testing and Northern Territory site validation in H1 FY2027 | Construction Or Commissioning | Company Guided | Medium | Technical and approval gate before commercial fuel and payload benefits can be underwritten. |
| Pioneer Dome first direct-shipping-ore target in December quarter 2026 | Pioneer Dome first direct-shipping-ore target in December quarter 2026 | Production | Company Guided | High | Client startup tests MLG's A$70m integrated mining and crushing campaign and fleet utilization. |
| Westgold Murchison 12-month extension reaches renewal point around March 2027 | Westgold Murchison 12-month extension reaches renewal point around March 2027 | Economic Arrangement | Inferred | High | About A$75m of annualized expected service revenue faces renewal or replacement risk. |
| Pioneer Dome initial 12-month campaign reaches its FY2027 term end | Pioneer Dome initial 12-month campaign reaches its FY2027 term end | Economic Arrangement | Inferred | High | Tests extension economics and MLG's ability to redeploy lithium-campaign fleet. |
Executive roster
As of 2026-09-26Background checks ▸FY2025 annual-report baseline reconciled to April-May 2026 issuer role changes and FY2026 financial report; non-executive directors excluded.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Murray Leahy | Executive Chair | Executive Director | 2026-04-29 | Board and executive leadership changes · FY26 Appendix 4E and audited financial statements |
| Mark Hatfield | Chief Executive Officer | Chief Executive | 2026-04-29 | Board and executive leadership changes · FY2026 full-year result and outlook |
| Phil Mirams | Chief Financial Officer and Company Secretary | Finance · Company Secretary | — | Annual Report to Shareholders · Executive leadership structure · FY26 Appendix 4E and audited financial statements |
| Tom Gregorczyk | Chief Development Officer | Senior Management | — | Executive leadership structure |
| Jessica O'Dea | Executive General Manager Commercial | Senior Management | — | Executive leadership structure |
| Madeleine Hutchison | Executive General Manager People | Senior Management | — | Executive leadership structure |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
MLG integrated mining-services platform
Australia
Producer100% ownedGoldLithiumIron OreNickel
100%-controlled core Australian mining-services platform. Contracts generate service fees; client ore and reserves are not owned by MLG. New lithium campaign and two 50%-interest technology/regional JVs are distinct conditional opportunities whose unawarded profit is excluded from base cash flows.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Milestones1
- Hybrid road-train prototype test and site validation
Pending · Medium materiality
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
FY2026 EBITDA rose to A$75.5m, but after-tax OCF of A$51.9m was below A$63.6m total capex. Net debt rose to about A$75.5m, with about A$30m of combined available liquidity. The precise June balance-sheet line items still require primary-statement tie-out.
Capital structure
Ownership and dilution
- Ordinary shares
- 160.3M
- Fully diluted
- 172M
The 1 July 2026 conversion of 5,401,968 performance rights increased quoted ordinary shares to 160,337,151. The 13 July 2026 lapse reduced remaining performance rights to 5,692,549 without changing ordinary shares. Fully diluted shares add all remaining rights and 6,000,000 A$0.89 options to the latest ordinary count; this is a conservative dilution ceiling, not an assertion that every instrument will vest or exercise.
Security classes3
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| ASX-quoted ordinary fully paid shares | Ordinary Share | 160.3M | — | — |
| Unquoted employee performance rights outstanding after the 13 July 2026 lapse | Performance Right | 5.7M | A$0 | — |
| Unquoted options exercisable at A$0.89 and expiring 20 March 2029 | Option | 6M | A$0.89 | 2029-03-20 |
KPI history
Operating metrics
Operating metric source table12
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Revenue | Mlg Services Platform | FY2025 | Year | 548,302,000 AUD | Reported |
| EBITDA | Mlg Services Platform | FY2025 | Year | 66,099,000 AUD | Reported |
| Revenue | Mlg Services Platform | HY2026 | Half Year | 287,200,000 AUD | Reported |
| EBITDA | Mlg Services Platform | HY2026 | Half Year | 36,500,000 AUD | Reported |
| Other | Mlg Services Platform | HY2026 | Half Year | 7,100,000 AUD statutory NPAT | Reported |
| Other | Company | 31 December 2025 | Point In Time | 61,300,000 AUD net debt excluding AASB16 leases | Reported |
| Revenue | Mlg Services Platform | FY2026 | Year | 567,011,000 AUD | Reported |
| EBITDA | Mlg Services Platform | FY2026 | Year | 75,500,000 AUD | Reported |
| Other | Mlg Services Platform | FY2026 | Year | 14,463,000 AUD statutory NPAT | Reported |
| Other | Mlg Services Platform | FY2026 | Year | 51,900,000 AUD statutory operating cash flow | Reported |
| Other | Mlg Services Platform | FY2026 | Year | 63,600,000 AUD total capex | Reported |
| Other | Company | 30 June 2026 | Point In Time | 75,500,000 AUD net debt excluding AASB16 leases | Reported |
Company guidance2
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Operating Performance Broadly In Line With First Half | mlg-services-platform | FY2026 second half | — | — qualitative | Achieved |
| Integrated Services Growth And Margin Opportunities, Without Numeric Guidance | mlg-services-platform | FY2027 | — | — qualitative | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-10-16Ann. 2026-08-20 | Dividend | A$0 | — | — | Announced | — |
| 2026-02-17 | Dividend | — | — | — | Announced | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
FY2025 annual-report contract and related-party baseline reconciled to targeted March-September 2026 issuer awards and JV announcements. Individual contract margin, minimum volume and all current small arrangements are not fully disclosed.
Integrated Tanami site-service fees accrue to MLG; revenue is included within the group operating-platform cash-flow assumptions, with no separate contract NAV.
Other · Active- Counterparties
- Newmont Corporation
- Applies to
- MLG integrated mining-services platform · Gold
- Economic direction
- Benefit
- Period
- 2026-05-01 to 2031-04-30
- Key terms
- Expected term revenue: 200,000,000 AUD/5 years
Extension options: 2 one-year options
How it affects our valuation
No valuation treatment is available for this arrangement.
MLG owns the fleet and receives service fees, not lithium proceeds; execution and renewal risk is in the platform cash-flow cases.
Other · Active- Counterparties
- Develop Global Limited
- Applies to
- MLG integrated mining-services platform · Lithium
- Economic direction
- Benefit
- Period
- 2026-07-01 to 2027-06-30
- Key terms
- Initial campaign revenue: 70,000,000 AUD/12 months
How it affects our valuation
No valuation treatment is available for this arrangement.
Three-year Davyhurst services contract supports recurring fleet work; no separate value is added beyond the platform DCF.
Other · Active- Counterparties
- Ora Banda Mining Limited
- Applies to
- MLG integrated mining-services platform · Gold
- Economic direction
- Benefit
- Period
- 2026-09-01 to 2029-08-31
- Key terms
- Annual expected revenue: 16,000,000 AUD/year
Client extension option: 1 year
How it affects our valuation
No valuation treatment is available for this arrangement.
Westgold service fees support FY2027 utilization but one-year renewal exposure is carried in bear/base cash-flow and execution risk.
Other · Active- Counterparties
- Westgold Resources Limited
- Applies to
- MLG integrated mining-services platform · Gold
- Economic direction
- Benefit
- Period
- 2026-03-17 to 2027-03-16
- Key terms
- Expected extension revenue: 75,000,000 AUD/12 months
How it affects our valuation
No valuation treatment is available for this arrangement.
Jundee hauling and site-service revenue is included in consolidated platform cash flow; no unpublished renewal term is assumed.
Other · Active- Counterparties
- Northern Star Resources Limited
- Applies to
- MLG integrated mining-services platform · Gold
- Economic direction
- Benefit
- Period
- From 2026-03-19; no end date stated
- Key terms
- Expected annual revenue: 25,000,000 AUD/year
How it affects our valuation
No valuation treatment is available for this arrangement.
Road maintenance and site-service contract supports group utilization, not a separately valued mineral interest.
Other · Active- Counterparties
- Gruyere Mining Company Pty Ltd
- Applies to
- MLG integrated mining-services platform · Gold
- Economic direction
- Benefit
- Period
- 2026-04-07 to 2029-04-06
- Key terms
- Expected annual revenue: 4,000,000 AUD/year
Extension options: 2 one-year options
How it affects our valuation
No valuation treatment is available for this arrangement.
Campaign-based mobile crushing across six Northern Star operations; site-level volume and margin remain undisclosed.
Other · Active- Counterparties
- Northern Star Resources Limited
- Applies to
- MLG integrated mining-services platform · Gold
- Economic direction
- Benefit
- Period
- 2026-04-07 to 2028-09-30
- Key terms
- Contract term end: September 2028
How it affects our valuation
No valuation treatment is available for this arrangement.
MLG contributes prototype capital and has priority fleet access plus half of third-party commercialization profit; no unproven commercial profit is capitalized.
Joint Venture · Announced- Counterparties
- Mick Murray Welding NT Pty Ltd
- Applies to
- MLG integrated mining-services platform
- Economic direction
- Mixed
- Period
- From 2026-07-14; no end date stated
- Key terms
- MLG economic interest: 50 %
MLG Phase 1 funded capital: 1,200,000 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Incorporated regional services JV can tender immediately, but awards, cash commitments and distributable earnings are not disclosed; optionality stays unquantified.
Joint Venture · Active- Counterparties
- Marlinyu Ghoorlie Enterprises Pty Ltd
- Applies to
- MLG integrated mining-services platform
- Economic direction
- Mixed
- Period
- From 2026-08-03; no end date stated
- Key terms
- MLG economic interest: 50 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
The reviewed evidence documents selected career records and company outcomes, with material adverse and delivery evidence retained at company level. Personal attribution is limited; several individual histories and qualifications remain incomplete. Open-web results do not constitute exhaustive personal clearance.
Decision-relevant facts
Material summary
Murray Leahy
Executive Chair
SafetyDocumented · Medium materiality
MLG Oz convicted over serious worker crush injury
WorkSafe WA records that MLG Oz pleaded guilty and was convicted for failing to ensure guarding on a stacker conveyor. The offence occurred 17 April 2022 at Evolution Mining’s Mungari operation; a worker suffered a serious crush injury. The court imposed a A$750,000 fine and A$6,702.70 costs on 15 December 2025. The regulator described missing guarding and deficient procedure coverage. No personal conviction or individual causal responsibility was attributed in the reviewed record.
Role overlaps event; causation unproven · The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.
Mining services company fined $750,000 over serious crush injury · WorkSafe prosecution announcement, lines 132–144; WHS Prosecution Summary, p.1.
Evidence gaps · 3
- Individual contribution to company outcomes was not established.
- The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.
- Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.
Mark Hatfield
Chief Executive Officer
SafetyDocumented · Medium materiality
MLG Oz convicted over serious worker crush injury
WorkSafe WA records that MLG Oz pleaded guilty and was convicted for failing to ensure guarding on a stacker conveyor. The offence occurred 17 April 2022 at Evolution Mining’s Mungari operation; a worker suffered a serious crush injury. The court imposed a A$750,000 fine and A$6,702.70 costs on 15 December 2025. The regulator described missing guarding and deficient procedure coverage. No personal conviction or individual causal responsibility was attributed in the reviewed record.
Role overlaps event; causation unproven · The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.
Mining services company fined $750,000 over serious crush injury · WorkSafe prosecution announcement, lines 132–144; WHS Prosecution Summary, p.1.
Evidence gaps · 3
- Individual contribution to company outcomes was not established.
- The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.
- Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.
Phil Mirams
Chief Financial Officer and Company Secretary
SafetyDocumented · Medium materiality
MLG Oz convicted over serious worker crush injury
WorkSafe WA records that MLG Oz pleaded guilty and was convicted for failing to ensure guarding on a stacker conveyor. The offence occurred 17 April 2022 at Evolution Mining’s Mungari operation; a worker suffered a serious crush injury. The court imposed a A$750,000 fine and A$6,702.70 costs on 15 December 2025. The regulator described missing guarding and deficient procedure coverage. No personal conviction or individual causal responsibility was attributed in the reviewed record.
Role overlaps event; causation unproven · The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.
Mining services company fined $750,000 over serious crush injury · WorkSafe prosecution announcement, lines 132–144; WHS Prosecution Summary, p.1.
Evidence gaps · 3
- Individual contribution to company outcomes was not established.
- The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.
- Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.
Tom Gregorczyk
Chief Development Officer
SafetyDocumented · Medium materiality
MLG Oz convicted over serious worker crush injury
WorkSafe WA records that MLG Oz pleaded guilty and was convicted for failing to ensure guarding on a stacker conveyor. The offence occurred 17 April 2022 at Evolution Mining’s Mungari operation; a worker suffered a serious crush injury. The court imposed a A$750,000 fine and A$6,702.70 costs on 15 December 2025. The regulator described missing guarding and deficient procedure coverage. No personal conviction or individual causal responsibility was attributed in the reviewed record.
Employer context; no individual link established · The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.
Mining services company fined $750,000 over serious crush injury · WorkSafe prosecution announcement, lines 132–144; WHS Prosecution Summary, p.1.
Evidence gaps · 3
- Individual contribution to company outcomes was not established.
- The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.
- Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.
Jessica O'Dea
Executive General Manager Commercial
SafetyDocumented · Medium materiality
MLG Oz convicted over serious worker crush injury
WorkSafe WA records that MLG Oz pleaded guilty and was convicted for failing to ensure guarding on a stacker conveyor. The offence occurred 17 April 2022 at Evolution Mining’s Mungari operation; a worker suffered a serious crush injury. The court imposed a A$750,000 fine and A$6,702.70 costs on 15 December 2025. The regulator described missing guarding and deficient procedure coverage. No personal conviction or individual causal responsibility was attributed in the reviewed record.
Employer context; no individual link established · The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.
Mining services company fined $750,000 over serious crush injury · WorkSafe prosecution announcement, lines 132–144; WHS Prosecution Summary, p.1.
Evidence gaps · 3
- Individual contribution to company outcomes was not established.
- The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.
- Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.
Madeleine Hutchison
Executive General Manager People
SafetyDocumented · Medium materiality
MLG Oz convicted over serious worker crush injury
WorkSafe WA records that MLG Oz pleaded guilty and was convicted for failing to ensure guarding on a stacker conveyor. The offence occurred 17 April 2022 at Evolution Mining’s Mungari operation; a worker suffered a serious crush injury. The court imposed a A$750,000 fine and A$6,702.70 costs on 15 December 2025. The regulator described missing guarding and deficient procedure coverage. No personal conviction or individual causal responsibility was attributed in the reviewed record.
Employer context; no individual link established · The cited record establishes a company or employer event. For role_overlap, the executive held a relevant role in the period, but the reviewed source does not establish personal causation or an individual enforcement finding. For employer_only, no individual link or matching tenure was established.
Mining services company fined $750,000 over serious crush injury · WorkSafe prosecution announcement, lines 132–144; WHS Prosecution Summary, p.1.
Evidence gaps · 3
- Individual contribution to company outcomes was not established.
- The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.
- Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2025-08-28 · 154,935,183 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 47.10% | 72,969,163 | |
| 2 | 4.61% | 7,146,567 | |
| 3 | 3.26% | 5,045,549 | |
| 4 | 2.27% | 3,524,466 | |
| 5 | 2.10% | 3,253,933 | |
| 6 | 1.88% | 2,911,077 | |
| 7 | 1.78% | 2,751,906 | |
| 8 | 1.61% | 2,500,000 | |
| 9 | 1.44% | 2,230,000 | |
| 10 | 1.32% | 2,050,000 | |
| 11 | 1.30% | 2,008,888 | |
| 12 | 1.17% | 1,814,320 | |
| 13 | 1.16% | 1,791,614 | |
| 14 | 1.01% | 1,571,417 | |
| 15 | 0.78% | 1,203,000 | |
| 16 | 0.62% | 968,200 | |
| 17 | 0.53% | 816,702 | |
| 18 | 0.52% | 804,761 | |
| 19 | 0.44% | 682,000 | |
| 20 | 0.44% | 678,780 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 47.10%Calc. on issued shares | 2021-06-01 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- Latest top-20 register in downloaded evidence is dated 28 August 2025. The sole substantial-holder entry reflects an issuer table with a 2021 notice date and is not a current independent notice. The report lists duplicate accounts; rank labels preserve them.
Sources
- Annual Report to Shareholders
MLG Oz Limited / ASX · Published 2025-10-23 · Accessed 2026-10-09
Lists the 20 largest ordinary-share accounts and the last notified substantial shareholder.
PDF page 88, Twenty Largest Shareholders and Substantial Shareholders; shareholder information as at 28 August 2025
Disclosed activity
Insider transactions
Trading activity1 buy · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-07-01 | Murray LeahyWhite Sand Enterprises Pty Ltd
Details & evidence for Murray Leahy on 2026-07-01As disclosed: Shares issued on vesting and conversion of performance rights
director · Start not disclosed White Sand Enterprises Pty Ltd · Murray Leahy is the sole shareholder; his spouse Michelle Leahy is the sole director, giving him an indirect relevant interest Application for quotation of securities - MLG ↗ Application for quotation of securities - MLG ↗ | VestingOrdinary fully paid shares | 1,353,877 | —Non Cash | — | — |
| 2026-07-01 | Murray LeahyWhite Sand Enterprises Pty Ltd
Details & evidence for Murray Leahy on 2026-07-01As disclosed: Shares issued on vesting and conversion of performance rights
director · Start not disclosed White Sand Enterprises Pty Ltd · Murray Leahy is the sole shareholder; his spouse Michelle Leahy is the sole director, giving him an indirect relevant interest Application for quotation of securities - MLG ↗ Application for quotation of securities - MLG ↗ | ExercisePerformance rights (MLGAB) | 1,353,877 | —Non Cash | — | — |
| 2025-03-24 | Simon PriceBaring Nominees Pty Ltd
Details & evidence for Simon Price on 2025-03-24As disclosed: On-market purchase
director · 2025-03-24 Baring Nominees Pty Ltd · Simon Price is a director of the trustee Price Family Investment Trust · Simon Price is a beneficiary of the trust Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ Initial Director's Interest Notice ↗ | PurchaseFully paid ordinary shares | 200,000 | AUD 126,991.68 | AUD 0.634958Calculated average | 200,000 |
| 2024-11-06 | Murray LeahyWhite Sand Enterprises Pty Ltd
Details & evidence for Murray Leahy on 2024-11-06As disclosed: Issue of 2024 LTI performance rights under the Company’s Employee Securities Incentive Plan
director · Start not disclosed White Sand Enterprises Pty Ltd · Murray Leahy is the sole shareholder; his spouse Michelle Leahy is the sole director, giving him an indirect relevant interest Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | Grant2024 LTI performance rights, expiry 2029-11-06 | 1,091,398 | —Non Cash | — | 1,091,398 |
Disclosed holding observations1 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2023-04-21 | James Walker
Details & evidence for James Walker on 2023-04-21Final director-interest position on ceasing to be a director; no transaction in the disclosed notice.
director · Start not disclosed to 2023-04-21 Final Director's Interest Notice ↗ | FinalFully paid ordinary shares | 75,000 | — |
The closest covered peers
Peer comparison
Peer comparison pending
No peer comparison has been saved for this company.
An on-demand analysis selects up to five closest peers and checks what their differences mean for independent fair value.
Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory22 documents
ASX MLG local historical closeMarket Data · HighExtracted
Latest eligible local database close from miners.reference_price: A$0.825, 17,891 shares; market data provider via local collection, no external quote substituted.
- Document ID
- market-2026-09-25-local-close
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
Ora Banda Davyhurst services extensionEconomic Arrangement · HighExtracted
Davyhurst three-year extension commenced 1 September 2026 at about A$16m annual revenue, with a one-year client option.
- Document ID
- issuer-2026-09-10-ora-banda
- Published UTC
- 2026-09-09T22:32:00Z
- Projects
- mlg-services-platform
- Commodities
- gold
FY26 Appendix 4E and audited financial statementsResults · HighExtracted
ASX-released audited FY2026 Appendix 4E accessed through a document mirror; publication 08:17 AEST.
- Document ID
- asx-2026-08-20-fy26-appendix
- Published UTC
- 2026-08-19T22:17:00Z
- Projects
- mlg-services-platform
- Commodities
- gold · lithium · iron_ore
FY2026 full-year result and outlookResults · HighExtracted
Issuer FY2026 release reports margin improvement, fleet replacement and FY2027 outlook; ASX result announced pre-open.
- Document ID
- issuer-2026-08-20-fy26
- Published UTC
- 2026-08-19T22:37:00Z
- Projects
- mlg-services-platform
- Commodities
- gold · lithium · iron_ore
FY2026 earnings-call transcriptPresentation · MediumExtracted
Accessible third-party transcript of MLG FY2026 call; development chief Tom Gregorczyk presented financials for the absent CFO. Transcript requires comparison with primary statements.
- Document ID
- transcript-2026-08-20-results
- Published UTC
- 2026-08-20T02:00:00Z
- Projects
- mlg-services-platform
- Commodities
- gold · lithium · iron_ore
Marlinyu Ghoorlie mining-services joint ventureEconomic Arrangement · MediumExtracted
Incorporated regional mining-services JV; immediate tender capability but no awarded revenue or disclosed financial commitment; issuer webpage date only.
- Document ID
- issuer-2026-08-03-mg-jv
- Published UTC
- 2026-08-02T14:00:00Z
- Projects
- mlg-services-platform
- Commodities
- —
Notification of cessation of securities - MLGCorporate Action · MediumExtracted
Appendix 3H recorded the lapse of 227,453 performance rights and the latest post-event ordinary, option, and performance-right counts.
- Document ID
- asx-2026-07-13-cessation
- Published UTC
- 2026-07-13T07:05:48Z
- Projects
- —
- Commodities
- —
Hybrid-electric road-train joint ventureEconomic Arrangement · MediumExtracted
Binding 50/50 JV heads of agreement; A$1.2m Phase 1 MLG funding and H1 FY2027 testing gate; issuer webpage date only.
- Document ID
- issuer-2026-07-14-hrt
- Published UTC
- 2026-07-13T14:00:00Z
- Projects
- mlg-services-platform
- Commodities
- —
Application for quotation of securities - MLGCorporate Action · HighExtracted
Appendix 2A recorded conversion of 5,401,968 performance rights into new ordinary shares and the post-quotation capital structure.
- Document ID
- asx-2026-07-01-quotation
- Published UTC
- 2026-07-01T06:12:01Z
- Projects
- —
- Commodities
- —
Pioneer Dome integrated mining and crushing awardEconomic Arrangement · HighExtracted
A$70m initial 12-month FY2027 lithium-project services campaign; first DSO targeted December quarter 2026; issuer webpage date only.
- Document ID
- issuer-2026-06-30-develop
- Published UTC
- 2026-06-29T14:00:00Z
- Projects
- mlg-services-platform
- Commodities
- lithium
Morgans Institutional Roundtable PresentationPresentation · HighExtracted
Issuer presentation detailed HY2026 performance, latest net debt and asset metrics, customer commodity exposure, contract terms, and growth outlook.
- Document ID
- asx-2026-06-03-roundtable
- Published UTC
- 2026-06-02T22:28:40Z
- Projects
- mlg-services-platform
- Commodities
- gold · iron_ore · nickel
Executive leadership structureLeadership · MediumExtracted
Current executive roles for Gregorczyk, O'Dea, Hutchison and Mirams; issuer webpage date only.
- Document ID
- issuer-2026-05-07-leadership
- Published UTC
- 2026-05-06T14:00:00Z
- Projects
- mlg-services-platform
- Commodities
- —
Newmont Tanami five-year services agreementEconomic Arrangement · HighExtracted
Five-year May 2026 Tanami service term with two one-year options and about A$200m total expected revenue; issuer webpage date only.
- Document ID
- issuer-2026-05-04-newmont
- Published UTC
- 2026-05-03T14:00:00Z
- Projects
- mlg-services-platform
- Commodities
- gold
Board and executive leadership changesLeadership · MediumExtracted
Murray Leahy moved to Executive Chair and Mark Hatfield became full-time CEO; issuer webpage date only.
- Document ID
- issuer-2026-04-29-leadership
- Published UTC
- 2026-04-28T14:00:00Z
- Projects
- mlg-services-platform
- Commodities
- —
Gruyere, Northern Star crushing and Endurance awardsEconomic Arrangement · MediumExtracted
Three awards/extensions combine to about A$20m annual revenue, including Gruyere A$4m/year and Northern Star mobile crushing to September 2028; issuer webpage date only.
- Document ID
- issuer-2026-04-07-contracts
- Published UTC
- 2026-04-06T14:00:00Z
- Projects
- mlg-services-platform
- Commodities
- gold
Northern Star Jundee continuationEconomic Arrangement · MediumExtracted
Jundee haulage and site services continuation; approximately A$25m annual revenue; issuer webpage date only.
- Document ID
- issuer-2026-03-19-jundee
- Published UTC
- 2026-03-18T14:00:00Z
- Projects
- mlg-services-platform
- Commodities
- gold
Westgold Murchison services extensionEconomic Arrangement · HighExtracted
Twelve-month Murchison services extension; approximately A$75m revenue based on current activity; issuer webpage has date but no time.
- Document ID
- issuer-2026-03-17-westgold
- Published UTC
- 2026-03-16T14:00:00Z
- Projects
- mlg-services-platform
- Commodities
- gold
FY26 Half Year Financial Report AnnouncementResults · HighExtracted
HY2026 results showed higher revenue and profit, a 12.8% pro forma EBITDA margin, resumed dividends, and second-half guidance broadly in line with the first half.
- Document ID
- asx-2026-02-17-hy26-results
- Published UTC
- 2026-02-16T21:54:59Z
- Projects
- mlg-services-platform
- Commodities
- gold · iron_ore · nickel
Notification of cessation of securities - MLGCorporate Action · LowExtracted
Appendix 3H recorded the lapse of 348,880 performance rights after market close.
- Document ID
- asx-2026-01-07-cessation
- Published UTC
- 2026-01-07T08:15:06Z
- Projects
- —
- Commodities
- —
Notification regarding unquoted securities - MLGFinancing · MediumExtracted
Appendix 3G recorded issuance of 6.0 million nil-consideration unquoted options exercisable at A$0.89 and expiring 20 March 2029.
- Document ID
- asx-2025-11-27-options-issue
- Published UTC
- 2025-11-27T02:03:26Z
- Projects
- —
- Commodities
- —
Annual Report to ShareholdersResults · HighExtracted
Audited FY2025 report for MLG's Australian mining-services platform, including financial statements, capital, fleet investment, risks, and current securities information.
- Document ID
- asx-2025-10-23-annual-report
- Published UTC
- 2025-10-22T21:56:18Z
- Projects
- mlg-services-platform
- Commodities
- gold · iron_ore · nickel
Notification of cessation of securities - MLGCorporate Action · MediumExtracted
Appendix 3H recorded the lapse of 1,257,705 performance rights and the post-event quoted and unquoted security counts.
- Document ID
- asx-2025-10-13-cessation
- Published UTC
- 2025-10-13T02:01:11Z
- Projects
- —
- Commodities
- —
Evidence facts84
1257705 securities
2025-10-13154935183 shares
2025-10-1310570443 securities
2025-10-13548302000 AUD
2025-06-3066099000 AUD
2025-06-3012133000 AUD
2025-06-309241000 AUD
2025-06-3069980000 AUD
2025-06-30211439000 AUD
2025-06-3056866000 AUD
2025-06-301.07 AUD/share
2025-06-30154935183 shares
2025-08-2857845000 AUD
2025-06-3023300000 AUD
2025-06-302375237 AUD
2025-06-3010.52 %
2025-06-3069980000 AUD
2025-06-306000000 options
2025-11-270.89 AUD/share
2025-11-272029-03-20 None
2025-11-27348880 securities
2026-01-07154935183 shares
2026-01-07287200000 AUD
2025-12-3136500000 AUD
2025-12-3112.8 %
2025-12-317100000 AUD
2025-12-311.06 AUD/share
2025-12-310.0125 AUD/share
2026-02-17Broadly in line with first-half performance, subject to operating risks None
2026-02-1761300000 AUD
2025-12-31153500000 AUD
2025-12-31216600000 AUD
2025-12-3194.0 %
2025-06-305.3 %
2025-06-300.7 %
2025-06-3075 %
2026-06-035401968 shares
2026-07-01160337151 shares
2026-07-015920002 securities
2026-07-01227453 securities
2026-07-13160337151 shares
2026-07-135692549 securities
2026-07-136000000 options
2026-07-1375000000 AUD/12 months
2026-03-1725000000 AUD/year
2026-03-194000000 AUD/year
2026-04-0720000000 AUD/year
2026-04-07Executive Chair None
2026-04-29Chief Executive Officer None
2026-04-29200000000 AUD/5 years
2026-05-0440000000 AUD/year
2026-05-04Chief Development Officer None
2026-05-07Executive General Manager Commercial None
2026-05-07Executive General Manager People None
2026-05-07Chief Financial Officer and Company Secretary None
2026-05-0770000000 AUD/12 months
2026-06-30December quarter 2026 None
2026-06-3050 %
2026-07-141200000 AUD
2026-07-14H1 FY2027 None
2026-07-14True None
2026-08-03567011000 AUD
2026-06-3014463000 AUD
2026-06-300.013 AUD/share
2026-06-301.09 AUD/share
2026-06-3075500000 AUD
2026-06-3013.4 %
2026-06-3014.1 %
2026-06-308500000 AUD
2026-06-300.0255 AUD/share
2026-06-30Recent wins and integrated-service demand support growth; no numeric guidance None
2026-08-2075500000 AUD
2026-06-3051900000 AUD
2026-06-3063600000 AUD
2026-06-3068500000 AUD
2026-06-3030600000 AUD
2026-06-3024500000 AUD
2026-06-3016600000 AUD
2026-06-3010000000 AUD
2026-06-3020000000 AUD
2026-06-3016000000 AUD/year
2026-09-103 years
2026-09-010.825 AUD/share
2026-09-2517891 shares
2026-09-25