Belararox Ltd. (AU:BRX)
ASX:BRX
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Belararox Ltd.
(Sydney:BRX)
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Rating:44Neutral
Price Target:
AU$0.04
▼(-60.00% Downside)
Action:Reiterated
Date:05/22/26
The score is held down primarily by weak financial performance (pre-revenue, widening losses, and ongoing cash burn) and a bearish technical setup (price below key moving averages with negative MACD). The main offset is the debt-free balance sheet and higher equity, which provides some financial flexibility despite continued losses.
Positive Factors
Debt-free balance sheet
A debt-free capital structure with a sharp equity increase materially improves funding flexibility for multi-year exploration programs. Without interest burdens the company can prioritize capital deployment into projects or JV negotiation, reducing short-term solvency pressure while pursuing value-accretive milestones.
Negative Factors
Pre-revenue profile
The company has not generated meaningful revenue, leaving value creation entirely contingent on exploration success and project commercialization. This creates a multi-year execution risk where continued capital investment may not translate into mining cashflows, increasing dilution and dependence on external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure with a sharp equity increase materially improves funding flexibility for multi-year exploration programs. Without interest burdens the company can prioritize capital deployment into projects or JV negotiation, reducing short-term solvency pressure while pursuing value-accretive milestones.
Read all positive factors
Belararox Ltd. (BRX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.18M
Dividend YieldN/A
Average Volume (3M)604.76K
Price to Earnings (P/E)―
Beta (1Y)1.90
Revenue GrowthN/A
EPS Growth27.45%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.03
Shares Outstanding321,344,270
10 Day Avg. Volume456,617
30 Day Avg. Volume604,763
Financial Highlights & Ratios
PEG Ratio1.17
Price to Book (P/B)0.28
Price to Sales (P/S)0.00
P/FCF Ratio-1.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Belararox Ltd. Business Overview & Revenue Model
Company Description
Belararox Limited is an Australian entity dedicated to the discovery and development of mineral resource projects across the country. The company's primary focus is exploring for commercially valuable deposits of zinc, copper, gold, silver, nickel...
How the Company Makes Money
Belararox Ltd. generates revenue by exploring and developing mineral resources, which it then mines, processes, and sells. Its key revenue streams include the sale of extracted base and precious metals to global markets, including manufacturers an...
Belararox Ltd. Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
68
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 11.77K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -4.17K | 11.77K | -5.07K | -452.00 | 0.00 |
| EBITDA | -4.78M | -5.33M | -3.26M | -1.98M | -3.07M | -120.61K |
| Net Income | -4.85M | -5.33M | -3.57M | -1.98M | -3.07M | -120.61K |
Balance Sheet | ||||||
| Total Assets | 37.97M | 30.89M | 17.29M | 14.99M | 5.29M | 698.84K |
| Cash, Cash Equivalents and Short-Term Investments | 7.12M | 3.38M | 1.63M | 3.15M | 2.96M | 563.86K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.97M | 3.75M | 4.08M | 3.62M | 1.09M | 102.19K |
| Stockholders Equity | 33.00M | 27.14M | 13.21M | 11.37M | 4.20M | 596.65K |
Cash Flow | ||||||
| Free Cash Flow | -5.16M | -3.93M | -5.05M | -5.82M | -2.55M | -38.64K |
| Operating Cash Flow | -5.16M | -3.93M | -2.30M | -2.29M | -1.13M | -38.64K |
| Investing Cash Flow | -8.76M | -9.62M | -2.93M | -3.53M | -1.41M | 0.00 |
| Financing Cash Flow | 10.39M | 15.22M | 3.74M | 6.01M | 4.94M | 602.50K |
Belararox Ltd. Technical Analysis
Negative
0.10
Price Trends
0.06
Negative
0.07
Negative
0.08
Negative
Market Momentum
>-0.01
Negative
36.24
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BRX, the sentiment is Negative. The current price of 0.1 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.06, and above the 200-day MA of 0.08, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 36.24 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BRX.
Belararox Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | AU$3.53M | -1.66 | -55.63% | ― | ― | -85.71% | |
46 Neutral | AU$12.03M | -7.19 | -11.24% | ― | ― | -64.86% | |
44 Neutral | AU$13.18M | -1.58 | -16.13% | ― | ― | 27.45% | |
43 Neutral | AU$12.35M | -2.67 | -33.10% | ― | ― | -245.28% | |
42 Neutral | AU$13.02M | -6.67 | -53.37% | ― | ― | 65.45% | |
42 Neutral | AU$27.82M | -2.53 | -164.76% | ― | ― | -24.80% |
* Basic Materials Sector Average
AU:BRX
Belararox Ltd.
0.04
-0.02
-30.51%
AU:PGM
Platina Resources Limited
0.02
>-0.01
-5.00%
AU:COY
Coppermoly Limited
0.01
>-0.01
-28.57%
AU:SCN
Scorpion Minerals Limited
0.02
<0.01
41.18%
AU:CBY
Canterbury Resources Ltd.
0.04
0.01
48.28%
AU:C1X
Cosmos Exploration Limited
0.12
0.06
112.96%
Belararox Ltd. Corporate Events
Belararox Moves to Digital Communications Ahead of July Shareholder Meeting
Jun 9, 2026
Belararox Ltd. has called a General Meeting of shareholders to be held in Perth on 10 July 2026, with proxy votes due by 8 July, and will distribute the Notice of Meeting electronically in line with updated Corporations Act provisions. The company...
Belararox options set to expire deeply out of the money
May 28, 2026
Belararox Ltd. has advised that 38,716,761 quoted options exercisable at $0.66 will expire on 13 July 2026 unless exercised, with ASX quotation of these options ceasing on 7 July 2026. The options are currently deeply out of the money, given the c...
Belararox Expands Capital Base With New Share Issuance
May 27, 2026
Belararox Ltd. has issued 56,124,856 fully paid ordinary shares following the completion of a placement and the issuance of equity to contractors, with the new shares ranking equally with existing stock. The move expands the company’s capita...
Belararox Seeks ASX Quotation for Shares Issued to Contractors
May 27, 2026
Belararox Ltd has applied to the ASX for quotation of 6,124,857 new ordinary fully paid shares issued to contractors, with an issue date of 27 May 2026. The move formalises the listing of these securities on the exchange, signalling the company...
Belararox Seeks ASX Quotation for 50 Million New Shares
May 27, 2026
Belararox Ltd. has applied to the Australian Securities Exchange for quotation of 49,999,999 ordinary fully paid shares, with an issue date of May 27, 2026. The new securities, which stem from a previously announced transaction, will expand the co...
Belararox Identifies Further High-Grade Zones at Toro Central Ahead of Next Drilling Phase
May 21, 2026
Belararox has reported further high-grade but narrow polymetallic intercepts from diamond drilling at the Toro Central prospect within its TMT Project in Argentina. New assays from hole TMT-TC-DDH-004 include 1.75 metres grading 312 grams per tonn...
Belararox Trims Incentive Pool as Millions of Rights Lapse
May 8, 2026
Belararox Ltd. has notified the market of the cessation of certain incentive securities, confirming that 3,980,000 long-term incentive rights and 1,250,000 short-term incentive rights have lapsed. The conditional rights expired because their perfo...
Belararox Highlights Progress on Tier-1 Copper Targets in Argentina and Botswana
May 5, 2026
Belararox has outlined its exploration progress and strategy across its copper-focused portfolio in Argentina and Botswana, highlighting recent high-grade silver discoveries and confirmed porphyry-style copper targets at the TMT project. The compa...
Belararox outlines major new share and option issue
May 4, 2026
Belararox Ltd. has lodged an Appendix 3B with the ASX outlining a proposed placement or other type of securities issue. The company plans to issue up to 33,333,334 ordinary fully paid shares and an equivalent number of options expiring on 10 Decem...
Belararox Plans Major Share Placement to Raise Equity Capital
May 4, 2026
Belararox Ltd. has notified the ASX of a proposed placement of up to 33,333,333 ordinary fully paid shares as part of a new securities issue. The company has applied for quotation of the new shares on the ASX, with the proposed issue date set for ...
Belararox Raises A$4m from Strategic Investors to Accelerate Copper-Gold Exploration
May 4, 2026
Belararox has secured A$4 million in a two-tranche share placement to three strategic investors, Argentina-based Integra Capital, Swiss investor Jose Luis Manzano and Magnus Capital, each taking up to a 10.12% stake at A$0.06 per share, a modest d...
Belararox Seeks Trading Halt Ahead of Strategic Capital Raising
May 4, 2026
Belararox Ltd has requested a trading halt on its securities on the ASX as it prepares a capital raising directed at strategic investors, with the halt to remain in place until an associated announcement is released or trading resumes on 6 May 202...
Belararox Accelerates TMT Drilling and Refocuses on Tier One Projects
Apr 28, 2026
Belararox Ltd. is sharpening its focus on large-scale exploration opportunities in Argentina and Botswana, while considering a potential divestment of its Belara project in New South Wales. The company closed the March quarter with A$1.831 million...
Belararox Targets Tier-1 Copper Discoveries in Argentina and Botswana
Apr 13, 2026
Belararox is advancing its TMT project in San Juan, Argentina, where successful drilling of an epithermal target at Toro Central has begun to vector toward potential additional discoveries across the broader target area. This work is expected to g...
Belararox Extends High-Grade Drilling Push at Argentina’s TMT Project
Apr 8, 2026
Belararox is intensifying drilling at the Toro Central prospect within its TMT Project in Argentina, following a previously reported high-grade silver-zinc-copper-gold intersection. Current diamond drilling is focused on the northern part of a dac...
Belararox Relocates Corporate Office Without Changing Contact Details
Apr 1, 2026
Belararox Ltd has relocated its corporate office, with its principal place of business now at 32 Harrogate Street in West Leederville, effective 1 April 2026. The company confirmed that its registered office and all other contact details remain un...
Belararox to Release 4.8 Million Escrowed Shares as Global Exploration Portfolio Advances
Mar 26, 2026
Belararox Ltd, a mineral explorer targeting copper, gold, silver, and zinc for technology and clean energy demand, is building a geographically diversified portfolio across Argentina, Botswana, New South Wales, and Western Australia. Its flagship ...
Belararox Issues 2.5 Million New Shares via Performance Rights Conversion
Mar 20, 2026
Belararox Limited has issued 2,500,000 fully paid ordinary shares following the vesting and conversion of performance rights, with the new shares ranking equally with the company’s existing securities. The company confirmed that the shares w...
Belararox Seeks ASX Quotation for 2.5 Million New Shares
Mar 20, 2026
Belararox Ltd. has applied to the ASX for quotation of 2,500,000 new ordinary fully paid shares under its code BRX, with an issue date of March 20, 2026. The additional securities arise from the exercise or conversion of existing options or other ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.