# Minerals Exploration Limited (NZX:MEX)

**Exchange:** NZX (XNZE)
**Sector:** Materials
**ISIN:** AU0000439838
**Financial year-end:** June

## Overview

Minerals Exploration Limited (formerly Uvre Limited) is a dual-listed gold exploration company with a portfolio of under-explored gold mining projects in New Zealand. The flagship Waitekauri project is located 8km from OceanaGold's Waihi Mine. The company also holds uranium projects in South Australia.

## Market

- **Last close:** NZ$0.08 (2026-08-11)
- **Market cap:** NZ$36.5M (2026-08-11)

## Latest annual results (FY2025)

- **Revenue:** NZ$0.1M
- **Net profit:** NZ$-1.4M
- **EPS:** -2.3c
- **Total assets:** NZ$4.6M
- **Total equity:** NZ$4.5M
- **Net margin:** -1555.7%
- **Return on equity:** -30.3%
- **Debt-to-equity:** 0.02

All figures sourced from the company's most recent annual report. Monetary values in New Zealand dollars.

## Governance

- **Governance Risk Score (NZXplorer methodology):** 50.34 — Adequate (calculated 2026-06-15T13:10:52.096+00:00)
- **Board size:** 7 directors, 71% independent
- **Chair:** [Brett Mitchell](https://nzxplorer.co.nz/people/brett-mitchell)

### Board of directors (7)

- [Brett Mitchell](https://nzxplorer.co.nz/people/brett-mitchell) — Chair
- [Alex Passmore](https://nzxplorer.co.nz/people/alex-passmore) — Independent
- [Jason Beckton](https://nzxplorer.co.nz/people/jason-beckton)
- [Norman Seckold](https://nzxplorer.co.nz/people/norman-seckold) — Independent
- [Peter Nightingale](https://nzxplorer.co.nz/people/peter-nightingale) — Independent
- [Peter Woods](https://nzxplorer.co.nz/people/peter-woods) — Independent
- [Steven Wood](https://nzxplorer.co.nz/people/steven-wood) — Independent

## Latest NZX announcement

- **Director Retirement and Final Director Interest Notice** (2026-06-30, MKTUPDTE)
- Source: https://www.nzx.com/announcements/475406

## Data freshness

- Share price: as of 2026-08-11
- Financials: FY2025 annual results
- Governance Risk Score: calculated 2026-06-15
- Board roster: current appointments as of 2026-08-11
- Latest announcement: 2026-06-30

## More data

- Company page: https://nzxplorer.co.nz/companies/minerals-exploration
- Structured facts (JSON): https://nzxplorer.co.nz/api/v1/companies/MEX/facts.json
- Full detail API: https://nzxplorer.co.nz/api/v1/companies/MEX?include=all
- Company website: https://mineralsexploration.com.au/
- NZX page: https://www.nzx.com/companies/MEX

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Published by [NZXplorer](https://nzxplorer.co.nz). Canonical: https://nzxplorer.co.nz/companies/minerals-exploration. Data licence: CC BY 4.0 with attribution to NZXplorer + NZX as primary disclosure source. Generated 2026-08-11T16:33:24.880Z.