Ballymore Resources Limited (BMR) AI Stock Analysis

• Market Cap: AU$67.23M
• Dividend Yield: N/A
• Average Volume (3M): 135.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.56
• Revenue Growth: N/A
• EPS Growth: -18.92%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 206,849,610
• 10 Day Avg. Volume: 185,810
• 30 Day Avg. Volume: 135,336
• PEG Ratio: -0.82
• Price to Book (P/B): 2.08
• Price to Sales (P/S): 435.94
• P/FCF Ratio: -4.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: AU$0.29 ▼(-13.82% Downside)

The score is held down primarily by weak financial performance (ongoing losses, sustained cash burn, and increased leverage in 2025). This is partly offset by strong technical momentum (price above key moving averages with positive MACD). Valuation remains constrained by negative earnings and no provided dividend yield.

Positive Factors

Equity base

A meaningful equity base provides a solvency cushion that supports near-term operations and optionality for development. This capital reduces immediate liquidation risk and gives management time to execute strategy, which is important while the company moves from exploration toward commercial scale.

Asset base

A tangible asset base of ~$23.0m underpins the company’s business and can be deployed to advance projects or serve as collateral for financing. Stable asset holdings support longer-term project development choices and provide recoverable value if operating performance is subdued.

Initial revenue recognition

Recording first material revenue in 2025 marks a transition from pre-revenue status toward commercial activity. Early revenue, while small, validates aspects of the business model and creates a base to scale operations, improving the potential for sustainable top-line growth if execution continues.

Negative Factors

Persistent cash burn

Consistent negative operating and free cash flow signal the business is consuming capital to fund operations and investment. Over time this necessitates external financing, increasing dilution or debt dependence, and constrains the company’s ability to self-fund growth or withstand commodity and operational shocks.

Rising leverage

A sharp increase in debt raises financing risk and reduces balance sheet flexibility. Higher leverage increases interest and repayment obligations, which can stress cash flow if operational improvements lag, and limits strategic choices compared with a low-debt peer profile.

Ongoing losses & weak margins

Sustained net losses and negative operating margins indicate the business has not achieved scale or profitable unit economics. Without clear margin improvement or higher recurring revenue, long-term viability depends on continual external funding or a structural change in costs or pricing to restore profitability.

Ballymore Resources Limited Business Overview & Revenue Model

Company Description

Ballymore Resources Limited operates as an exploration and development company. It explores for gold, copper, silver, lead, zinc, and other metals. It holds 100% interests in the Dittmer project that consists of two mining leases and three granted exploration permits covering an area of approximately 488 square kilometers located in central Queensland; the Ruddygore project, which covers an area of 558 square kilometers located adjacent to the regional center of Chillagoe in north Queensland; and the Mount Molloy project covering an area of approximately 78 square kilometers located in Hodgkinson province of north Queensland and is located south of the town of Mount Molloy. It holds 100% interest in the Ravenswood project that comprises five exploration permits covering an area of 309 square kilometers located to the south and east of the regional centre of Charters Towers in north Queensland. Ballymore Resources Limited was incorporated in 2019 and is headquartered in Brisbane, Australia.

How the Company Makes Money

Ballymore Resources Limited generates revenue primarily through the discovery and development of mineral resources, which are then either sold directly, used in joint ventures, or developed further into mining operations. The company engages in exploration activities to identify and evaluate mineral deposits. Once viable resources are confirmed, Ballymore can either sell the rights to these deposits to larger mining companies, enter into joint venture agreements to share the development costs and profits, or proceed with the development and extraction of minerals themselves, which are then sold in the market. Strategic partnerships with other mining firms and investment in advanced exploration technology are key factors that contribute to Ballymore's revenue generation. Additionally, fluctuations in global commodity prices can significantly impact the company's earnings.

Ballymore Resources Limited Financial Statement Overview

Summary

Financials reflect an early-stage profile: revenue remains minimal (2025 ~$60.6k) with continued losses (net loss ~$2.3m) and persistent cash burn (2025 operating cash flow ~$-0.7m; free cash flow ~$-5.6m). The equity base is still meaningful, but leverage stepped up sharply in 2025 (debt ~$9.3m; debt-to-equity ~0.74), increasing financing risk without clear operating scale.

Income Statement

Operations remain loss-making with negative profitability across the period. While 2025 shows some revenue ($60.6k) versus effectively zero revenue in most prior years, the company still posted a large net loss (-$2.3m) and negative operating profit, indicating the business is not yet operating at scale. Margins are highly volatile and not yet indicative of a stable, recurring earnings profile.

Balance Sheet

The balance sheet shows a meaningful equity base ($12.7m) relative to assets ($23.0m), but leverage increased sharply in 2025 with total debt rising to $9.3m (debt-to-equity ~0.74) versus near-zero debt historically. Losses are translating into negative returns on shareholder capital (2025 return on equity around -18%), and the step-up in debt adds financing risk if operating progress does not improve.

Cash Flow

Cash generation is weak with negative operating cash flow in every year shown (2025: -$0.7m), and free cash flow is deeply negative (2025: -$5.6m), signaling ongoing cash burn. While the 2025 free cash flow decline appears less negative than 2024 (positive growth rate), the business still requires external funding to sustain operations and investment.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	60.60K	60.60K	0.00	0.00	0.00	28.00K
Gross Profit	60.60K	60.60K	-56.70K	-49.90K	-49.03K	2.81K
EBITDA	-782.26K	-786.50K	-1.71M	-853.61K	-684.67K	-543.48K
Net Income	-2.32M	-2.32M	-1.90M	-878.02K	-733.70K	-568.67K
Balance Sheet
Total Assets	22.98M	22.98M	23.61M	13.19M	10.37M	4.72M
Cash, Cash Equivalents and Short-Term Investments	2.30M	2.30M	7.94M	1.47M	2.54M	224.13K
Total Debt	9.34M	9.34M	33.26K	56.56K	0.00	0.00
Total Liabilities	10.28M	10.28M	8.60M	467.83K	370.74K	1.01M
Stockholders Equity	12.69M	12.69M	15.02M	12.72M	10.00M	3.71M
Cash Flow
Free Cash Flow	-5.64M	-5.64M	-4.58M	-4.53M	-4.26M	-3.67M
Operating Cash Flow	-723.38K	-723.38K	-1.02M	-658.75K	-667.52K	-285.53K
Investing Cash Flow	-4.91M	-4.91M	-3.55M	-3.87M	-3.60M	-3.38M
Financing Cash Flow	0.00	0.00	11.04M	3.47M	6.58M	3.48M

Ballymore Resources Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.34
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BMR, the sentiment is Neutral. The current price of 0.34 is below the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.30, and above the 200-day MA of 0.19, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 37.39 is Neutral, neither overbought nor oversold. The STOCH value of 17.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:BMR.

Ballymore Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
BMR	52 Neutral	AU$67.23M	-21.97	-16.78%	―	―	-18.92%
HMX	52 Neutral	AU$36.60M	-12.12	-8.32%	―	-100.00%	-146.48%
LDR	51 Neutral	AU$35.23M	-15.29	-16.69%	―	―	-11.01%
M79	51 Neutral	AU$75.45M	-6.89	-17.78%	―	―	―
GSN	48 Neutral	AU$41.87M	-21.05	-12.26%	―	―	26.92%
FRS	47 Neutral	AU$421.24M	-71.43	-21.63%	―	―	86.21%

Ballymore Resources Limited Corporate Events

Ballymore Resources Advances High-Grade Dittmer Gold Project With Strong Drilling and Underground Development

Ballymore Resources reported strong exploration progress for the quarter ended 31 December 2025, highlighted by high-grade drilling results at the Dittmer Project that confirm south-plunging mineralised shoots in the faulted extension to the Duffer Lode, with multiple intersections of very high-grade gold and associated silver and copper. The company has begun upgrading and extending underground development at Dittmer to support step-out resource delineation, improved underground access, and planned trial mining with bulk sampling for mill-scale testwork, while also advancing other Queensland targets including high-grade silver-lead-zinc-indium mineralisation at Torpy’s, a newly defined shallow copper-gold porphyry target at Andromache, and active drilling at the Maniopota skarn and Seventy Mile Mount breccia pipe prospects, collectively underscoring Ballymore’s push toward potential mine restart and broader resource growth across its portfolio.

The most recent analyst rating on (AU:BMR) stock is a Hold with a A$0.41 price target. To see the full list of analyst forecasts on Ballymore Resources Limited stock, see the AU:BMR Stock Forecast page.

Ballymore Hits Richest Silver-Lead Intersection Yet at Torpy’s as Metals Rally Builds

Ballymore Resources has reported its richest drill results to date from the Torpy’s prospect near Chillagoe in north Queensland, with reverse circulation hole BTPRC005 intersecting 23 metres at 215.6 g/t silver, 8.55% lead and 1.99% zinc from 130 metres, including a standout 7 metres at 650.7 g/t silver, 25.37% lead and 3.01% zinc. The hole also returned high indium grades and anomalous gold and copper, while zinc distribution suggests a halo that may help vector to additional high-grade shoots. Assays are pending for a broad mineralised interval at the nearby Little Torpy’s prospect and logging and sampling are under way on the first diamond hole at Torpy’s, with further downhole EM and follow-up drilling planned when weather allows. In parallel, drilling at Seventy Mile Mount is close to completion and underground development at the Dittmer gold project is advancing toward a major step-out drilling phase in the second quarter of 2026, positioning Ballymore to capitalise on strengthening gold and silver prices amid a broader metals rally.

The most recent analyst rating on (AU:BMR) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on Ballymore Resources Limited stock, see the AU:BMR Stock Forecast page.

Ballymore Begins Drilling at Maniopota and Expands Follow-Up Program at Torpy’s

Ballymore Resources has commenced an initial reverse circulation drilling program at its Maniopota lead-zinc-copper-silver-gold target in Queensland, located along strike from the Red Dome and Mungana gold-base metal mines and 10km west of its Torpy’s prospect. The program, comprising five holes for 650 metres near historic mine workings, will test a suite of geological, geochemical and geophysical targets defined by a 6km-long soil anomaly, high-grade rock chip results, and recent EM and IP surveys, and is expected to finish within a week with further work planned in 2026; in parallel, a diamond rig has begun follow-up drilling at Torpy’s to further evaluate high-grade silver-lead-zinc-indium mineralisation and enable downhole EM, underlining Ballymore’s push to systematically explore underexplored historic mines and potentially enhance its resource base and project pipeline in the Chillagoe district.

Ballymore Resources Issues 400,000 Performance Rights

Ballymore Resources Limited has announced the issuance of 400,000 performance rights under an employee incentive scheme. These unquoted equity securities are part of the company’s strategy to motivate and retain key personnel, potentially impacting its operational efficiency and competitive positioning in the resources industry.

Ballymore Resources Uncovers Promising Mineralization at Torpy’s Prospect

Ballymore Resources Limited has announced promising results from its drilling activities at the Torpy’s and Little Torpy’s prospects near Chillagoe in north Queensland. The company reported significant mineralization, including high-grade silver-lead-zinc-indium deposits, which suggest a substantial potential for resource development in the area. The discovery at Little Torpy’s marks the first drilling at this location, revealing a broad intersection of valuable minerals. The company plans to continue its exploration efforts with additional drilling and geophysical surveys, indicating a busy and potentially lucrative year ahead for Ballymore Resources.

Ballymore Resources Unveils High-Grade Silver-Lead-Zinc-Indium Discovery at Torpy’s

Ballymore Resources Limited has reported exceptional assay results from its initial reverse circulation drilling at the Torpy’s prospect, revealing high-grade silver-lead-zinc-indium mineralization. With silver prices at historic highs and indium’s growing demand in electronics, these findings underscore the strategic importance of the Torpy’s project. The company plans to conduct further exploration to identify additional mineral lenses and will soon commence drilling at the Maniopota prospect, positioning itself for a promising 2026.

Ballymore Resources Updates Director’s Securities Holdings

Ballymore Resources Limited has announced a change in the director’s interest, specifically for Andrew Greville. The change involves the acquisition of 666,667 ordinary shares and 166,667 unlisted options as part of a placement conducted in August 2025, with these securities issued following shareholder approval at the 2025 AGM. This adjustment in holdings reflects the company’s ongoing strategic decisions to align director interests with shareholder value.

Ballymore Resources Issues New Shares to Bolster Exploration Efforts

Ballymore Resources Limited has issued 666,667 Ordinary Shares without disclosure to investors under the Corporations Act. This move is compliant with relevant legal provisions, and the company confirms there is no excluded information at this time. The share issue is part of Ballymore’s ongoing efforts to strengthen its financial position and support its exploration and development activities in Queensland’s mineral belts, potentially impacting its market positioning and stakeholder interests.

Ballymore Resources Issues New Unquoted Options

Ballymore Resources Limited announced the issuance of 166,667 unquoted options with an expiration date of December 31, 2027, and an exercise price of $0.22. This issuance is part of previously announced transactions and reflects the company’s ongoing strategic financial maneuvers to strengthen its position in the resources sector.

Ballymore Resources Announces Quotation of New Securities on ASX

Ballymore Resources Limited has announced the quotation of 666,667 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 21, 2025. This move is part of a previously announced transaction, signaling the company’s ongoing efforts to strengthen its financial position and enhance its market presence. The issuance of these securities is expected to provide Ballymore Resources with additional capital to support its exploration and development activities, potentially impacting its operational capabilities and market competitiveness.

Ballymore Resources Announces Director’s Interest Change

Ballymore Resources Limited has announced a change in the director’s interest, specifically involving Andrew Greville. The change includes the acquisition of 350,000 performance rights, which were approved by shareholders at the recent AGM. This adjustment in director’s interests reflects a strategic move by the company to align management incentives with shareholder interests, potentially impacting the company’s governance and future performance.

Ballymore Resources Issues Unquoted Performance Rights

Ballymore Resources Limited has announced the issuance of 2,450,000 unquoted performance rights as part of previously announced transactions. These securities are not intended to be quoted on the ASX, indicating a strategic move to incentivize or reward stakeholders without immediate market trading implications.

Ballymore Resources Advances Exploration with Promising Dittmer Project Results

Ballymore Resources Limited has announced significant advancements in its exploration activities, particularly in the Dittmer project, which has shown promising results in gold and copper mineralization. The company has been actively conducting surveys and drilling operations, which have identified new targets and extended known mineralized zones, positioning Ballymore as a key player in the Queensland mining sector. These developments are expected to enhance the company’s resource base and potentially attract further investment, impacting stakeholders positively by increasing the prospects of successful mining operations.

Ballymore Resources Unveils Promising Drilling Results at Torpy’s Crooked Creek

Ballymore Resources Limited has announced significant findings from its maiden reverse circulation drilling campaign at the historical Torpy’s Crooked Creek silver mine, part of the Ruddygore Project in north Queensland. The drilling has discovered substantial zones of massive sulphide mineralization, particularly lead-zinc, which could extend the historic mine’s resources. This discovery, which includes intersections of sphalerite and galena, is expected to enhance the company’s operational prospects and industry positioning, with further assay results anticipated in December.

Ballymore Resources Launches Drilling at Historic Torpy’s Silver Mine

Ballymore Resources Limited has commenced a drilling program at the Torpy’s Crooked Creek silver mine, part of the Ruddygore Project near Chillagoe. This initiative aims to explore extensions of the historic high-grade silver-lead-zinc mine, which operated from 1904 to 1914. The project is significant due to the current positive market conditions for silver, lead, and zinc, and the potential for discovering a larger mineral system using modern exploration techniques. The drilling program will test new structural models and untested geophysical and geochemical targets, potentially enhancing Ballymore’s industry positioning and offering promising implications for stakeholders.

Ballymore Resources Advances Drilling at Seventy Mile Mount Gold Target

Ballymore Resources Limited has initiated follow-up drilling at the Seventy Mile Mount target within its Ravenswood Project, aiming to explore bulk-tonnage gold mineralization. The project is strategically located near the historic Mount Leyshon gold mine, known for its significant gold and silver production. The Seventy Mile Mount target shares geological similarities with other successful breccia-hosted gold deposits in the area, suggesting promising potential. This drilling program is part of Ballymore’s broader strategy to advance its exploration activities at various project sites, including the upcoming drill testing at the Ruddygore Project, which could enhance the company’s position in the mining sector.