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Belararox Ltd.
(Sydney:BRX)
Belararox Ltd. (BRX) vs. iShares MSCI Australia ETF (EWA)
Belararox Ltd. Business Overview & Revenue Model
Belararox Ltd. Financial Statement Overview
| Breakdown | ||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 11.77K | 11.77K | 0.00 | 0.00 | 0.00 | Gross Profit |
| 11.77K | 11.77K | -5.07K | -452.00 | 0.00 | EBIT |
| -2.52M | -2.43M | -2.00M | -3.07M | -120.61K | EBITDA |
| -3.77M | -3.26M | -1.98M | -3.07M | -120.61K | Net Income Common Stockholders |
| -3.98M | -3.57M | -1.98M | -3.07M | -120.61K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 10.45M | 1.63M | 3.15M | 2.96M | 563.86K | Total Assets |
| 31.74M | 17.29M | 14.99M | 5.29M | 698.84K | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -10.45M | -1.63M | -3.15M | -2.96M | -563.86K | Total Liabilities |
| 4.90M | 4.08M | 3.62M | 1.09M | 102.19K | Stockholders Equity |
| 26.84M | 13.21M | 11.37M | 4.20M | 596.65K |
| Cash Flow | Free Cash Flow | |||
| -7.01M | -5.05M | -5.82M | -2.55M | -38.64K | Operating Cash Flow |
| -2.35M | -2.30M | -2.29M | -1.13M | -38.64K | Investing Cash Flow |
| -5.11M | -2.93M | -3.53M | -1.41M | 0.00 | Financing Cash Flow |
| 16.65M | 3.74M | 6.01M | 4.94M | 602.50K |
Belararox Ltd. Technical Analysis
Belararox Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
50 Neutral | $2.00B | -1.06 | -21.37% | 3.71% | 2.03% | -30.67% | |
41 Neutral | €172.64M | ― | -2.59% | ― | 0.40% | -4.35% | |
40 Underperform | AU$28.91M | ― | -91.81% | ― | ― | 15.00% | |
39 Underperform | AU$18.14M | ― | -21.08% | ― | ― | 4.90% | |
35 Underperform | AU$51.85M | ― | -2.31% | ― | ― | -33.33% |
Belararox Ltd. Corporate Events
Belararox Ltd. has announced a change in the interests of its substantial holder, The Bank of Nova Scotia and its controlled entities. The voting power of the substantial holder has decreased from 6.36% to 5.19% due to in-market sales conducted by 1832 Asset Management L.P., a manager of various investment funds. This change reflects a reduction in the number of shares held by the substantial holder, which could impact the company’s market dynamics and shareholder influence.
Belararox Ltd. has made significant progress in its TMT Project in Argentina, focusing on copper exploration. During the quarter, drilling commenced at the Tambo South copper porphyry target and the Malambo porphyry prospect, revealing visual copper mineralization. The drilling program has shown promising signs of copper sulphides, although assay results are still pending. This development could potentially enhance Belararox’s position in the copper mining industry and impact its stakeholders positively if the assay results confirm the visual findings.
Belararox Ltd. has successfully completed its 2024/2025 drilling season for the TMT Project in Argentina, reaching a target depth of 1,305 meters at Tambo South, confirming the presence of copper mineralization. The completion of this phase, alongside improved site access and ongoing analysis, positions the company to further evaluate and refine its geological models, potentially enhancing its copper porphyry exploration efforts in the next field season.
Belararox Ltd, a company listed on the Australian Securities Exchange, addressed a query from the ASX regarding a securities trading policy issue. The company clarified that a trade conducted by Mr. Misra was compliant with its Securities Trading Policy as it occurred after the blackout period had ended. The company also noted that at the time of the trade, there was no inside information that would have affected the decision. The blackout period was lifted on March 19, 2025, following a board meeting where it was determined that the visual results from their exploration project were not material. However, a subsequent reassessment on March 21, 2025, led to the imposition of a new blackout period due to updated material findings.
Belararox Limited has announced the appointment of Yanjun Zuo as a director, effective April 14, 2025. This appointment is significant as it involves Zuo’s relevant interest in 498,782 ordinary shares held through Enamel Coast Pty Ltd, indicating a substantial stake in the company. This move may impact the company’s governance and could have implications for its strategic direction and stakeholder interests.
Belararox Limited announced the cessation of Jason Ward as a director, effective April 14, 2025. This change in directorship involves the transfer of Ward’s interests in various securities, including ordinary shares and performance rights, which may impact the company’s governance and stakeholder interests.
Belararox Limited announced the resignation of Jason Ward as a Non-Executive Director, although he will continue providing geological consulting services for the TMT project in Argentina. Tim Yanjun Zuo will be appointed as a Non-Executive Director, representing the company’s largest shareholder, Denala Limited. Tim’s extensive experience in the Australian mining industry and his significant investments in the company are expected to support Belararox’s goal of discovering a major copper deposit at the TMT project.
Belararox Limited has issued 12,558,241 fully paid ordinary shares as part of a placement and payment for exploration services. These shares will rank equally with existing shares, and the issuance was done without disclosure under the Corporations Act 2001, with compliance to relevant sections of the Act.
Belararox Ltd. has announced the completion of a placement to Ziwan Trading and the issuance of securities to contractors. A total of 12,558,241 ordinary fully paid securities will be quoted on the ASX, with the issue date being April 3, 2025. This move is expected to enhance the company’s financial position and provide additional resources for its operations.
Belararox Ltd. has identified over 20 areas of interest for copper and zinc anomalies at its Kalahari Copper Belt Project in Botswana. The company plans to commence geophysical surveys and a 2,000-meter drill program in July 2025, aiming to define drill targets in three main regions with high prospectivity. This initiative positions Belararox strategically alongside major players in the region, potentially enhancing its industry standing and offering significant opportunities for stakeholders.
Belararox Ltd, in response to an ASX Aware Letter, clarified that the initial assay results from their TMT Project were not deemed material due to the copper grade being below expectations and outside the target drilling zone. However, subsequent discussions and ongoing drilling results led the company to reconsider the materiality of the visual estimates from a second drill hole, prompting a trading halt to announce these findings. This decision reflects the company’s adherence to ASX compliance requirements and its commitment to transparent reporting.
Belararox Limited has announced a change in the substantial holding of its shares, with The Bank of Nova Scotia and its controlled entities reducing their voting power from 9.38% to 6.36%. This reduction was due to 1832 Asset Management L.P., a manager of various investment funds, selling 350,000 shares on the ASX. This change in shareholding may impact the company’s market dynamics and influence future stakeholder decisions.
Belararox Ltd. has announced significant progress in its drilling operations at the Tambo South project, part of the TMT Project in Argentina. The second drill hole has revealed substantial visible copper mineralization, validating the geological model of a copper porphyry system. This discovery is seen as a promising indicator of a strong copper system, enhancing the project’s potential value. The company is also progressing with drilling at the Malambo target, with assays expected soon. These developments position Belararox favorably within the largely unexplored corridor between the El Indio and Maricunga Metallogenic Belts, potentially unlocking significant value for stakeholders.
Belararox Limited announced a change in the director’s interest as Arvind Misra, through Aranak Pty Ltd, acquired 100,000 ordinary shares, increasing his total to 5,025,000 shares. This on-market purchase reflects a strategic move within the company, potentially impacting its market positioning and stakeholder interests.
Belararox Ltd. has released its condensed financial report for the half-year ended 31 December 2024. The report includes key financial statements such as the profit or loss statement, financial position, and cash flows, reflecting the company’s financial health and operational performance. This announcement may impact stakeholders’ perception of the company’s market positioning and future prospects.
Belararox Limited announced a change in the director’s interest, specifically involving Arvind Misra, who acquired 150,000 ordinary shares through an on-market purchase. This acquisition increases Misra’s total holdings to 4,925,000 ordinary shares, alongside existing performance rights. The transaction, valued at $15,071.84, reflects a strategic move that could influence the company’s market positioning and stakeholder interests.
Belararox Limited has provided an update on its drilling activities at the TMT Project in Argentina, highlighting promising signs of copper porphyry systems at both Tambo South and Malambo targets. The first drill hole at Tambo South encountered trace copper sulphides but did not reach its target depth due to unstable ground conditions, while drilling at Malambo shows encouraging porphyry-style veining. The company is well-funded, with AU$7.0 million available and an additional AU$2.4 million expected, positioning it to complete the current drilling program by April. The ongoing exploration efforts aim to confirm significant copper mineralization, potentially enhancing Belararox’s market position and offering positive implications for stakeholders.
Belararox Limited has initiated drilling at its Malambo prospect within the Toro-Malambo-Tambo (TMT) Project in Argentina’s San Juan Province. This drilling marks a significant step in advancing the project, with the initial target expected to be reached early in the drilling process. The company has also continued drilling at Tambo South, where initial results have been promising, indicating classic porphyry-style copper mineralization. This progress is aligned with the company’s expectations and could enhance its positioning within the industry and potentially offer promising outcomes for stakeholders.
Belararox Ltd has updated its investor presentation to include additional information on metal equivalent values and visual estimates to enhance investor understanding. The company’s exploration efforts, particularly in Argentina’s TMT project, are part of an extensive program aimed at identifying large copper deposits, which could strengthen its position in the mineral exploration industry and impact stakeholders positively.