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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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 11.77K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -4.17K | -4.17K | 11.77K | -5.07K | -452.00 | 0.00 |
| EBITDA | -5.27M | -5.33M | -3.26M | -1.98M | -3.07M | -120.61K |
| Net Income | -5.33M | -5.33M | -3.57M | -1.98M | -3.07M | -120.61K |
Balance Sheet | ||||||
| Total Assets | 30.89M | 30.89M | 17.29M | 14.99M | 5.29M | 698.84K |
| Cash, Cash Equivalents and Short-Term Investments | 3.38M | 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 | 3.75M | 3.75M | 4.08M | 3.62M | 1.09M | 102.19K |
| Stockholders Equity | 27.14M | 27.14M | 13.21M | 11.37M | 4.20M | 596.65K |
Cash Flow | ||||||
| Free Cash Flow | -6.86M | -3.93M | -5.05M | -5.82M | -2.55M | -38.64K |
| Operating Cash Flow | -3.93M | -3.93M | -2.30M | -2.29M | -1.13M | -38.64K |
| Investing Cash Flow | -9.62M | -9.62M | -2.93M | -3.53M | -1.41M | 0.00 |
| Financing Cash Flow | 15.22M | 15.22M | 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$27.09M | -6.67 | -22.35% | ― | ― | -128.13% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | AU$7.01M | -4.81 | -9.51% | ― | ― | -17.39% | |
42 Neutral | AU$7.94M | -4.00 | -53.65% | ― | ― | -66.67% | |
39 Underperform | AU$22.65M | -2.42 | -26.42% | ― | ― | 13.24% | |
33 Underperform | AU$18.65M | -4.07 | -93.49% | ― | ― | -4.88% | |
32 Underperform | AU$9.98M | -1.85 | -94.59% | ― | ― | 27.23% |
Belararox Ltd. Corporate Events
Belararox Ltd has disclosed changes to director Yanjun Zuo’s indirect interests in the company’s securities, primarily via entities Enamel Coast Pty Ltd and Dynamic Oceanwide Investments Pty Ltd, in line with ASX listing rule requirements for director shareholdings. The notice details disposals of shares by Enamel Coast, acquisitions of shares and options through Dynamic Oceanwide Investments, and the grant of long- and short-term incentive securities approved at the 2025 AGM, clarifying Zuo’s updated holdings and reinforcing transparency for investors regarding director alignment with shareholder interests.
Belararox Limited has begun diamond drilling at Toro Central, located in its TMT Project in Argentina. The drilling aims to explore a broad, near-surface epithermal system associated with a 1.4 km-long IP chargeability anomaly, which intensifies towards Toro South, a largely untested area with substantial potential for mineral discoveries. The company has also completed geophysical surveys at Toro South, with results expected to guide deeper exploration efforts. Successful outcomes from these activities are anticipated to enhance Belararox’s understanding of the TMT Project and position it as a promising copper resource opportunity within the industry.
Belararox Ltd. announced a change in the director’s interest notice, involving Athanasios John Traicos. The director, through Cressing Pty Ltd ATF
Belararox Ltd. announced a change in the director’s interest notice, specifically regarding Neil Warburton’s indirect interest in securities. The announcement details the acquisition of 138,889 listed options and 1,000,000 long-term incentives, reflecting strategic moves approved at the 2025 AGM. This change in director’s interest could influence the company’s governance and align incentives with long-term company goals.
Belararox Ltd. has announced a change in the director’s interest notice, specifically concerning Chris Gale. The change involves the acquisition of listed options and ordinary shares by Mr. Gale through indirect interests, including The Gale Super Fund and Allegra Capital Pty Ltd. This adjustment in holdings, which includes the issuance of options and shares at no cash consideration, is part of a placement and a consultancy agreement. The move reflects strategic financial maneuvers within the company, potentially impacting its market positioning and shareholder interests.
Belararox Ltd. announced the issuance of unquoted equity securities as part of their employee incentive scheme, which includes 4,000,000 long-term and 750,000 short-term incentive securities. These securities are subject to transfer restrictions and are not quoted on the ASX until the restrictions are lifted, reflecting the company’s strategy to motivate and retain key personnel.
Belararox Limited has issued 1,000,000 fully paid ordinary shares as part of a consultancy agreement. These shares will hold the same status as existing shares and were issued without disclosure under specific sections of the Corporations Act 2001. The company has confirmed compliance with relevant legal provisions and stated that no additional information is required for investors to make informed assessments about the company’s financial standing or the rights attached to the shares.
Belararox Ltd. announced the issuance of 1,000,000 fully paid ordinary shares as part of a consultancy agreement for an Executive Director. This move signifies a strategic decision to leverage equity for executive consultancy, potentially impacting the company’s financial structure and stakeholder interests.
Belararox Ltd. has released a snapshot of its top holders for the 2025 new listed options as of December 10, 2025. The document lists the top 20 holders, with Pamplona Capital Pty Ltd holding the largest share at 15.57%. The total units held by the top 20 holders account for 54.60% of the options, indicating a significant concentration of ownership among these stakeholders.
Belararox Ltd. has announced a snapshot of its options composition as of December 10, 2025, revealing that a significant majority of its issued capital, 91.70%, is held by 96 holders with units ranging from 100,001 to 9,999,999,999. This distribution indicates a concentrated ownership structure, which could impact the company’s strategic decisions and influence in the market.
Belararox Ltd. has announced the application for quotation of new securities on the Australian Securities Exchange (ASX). The company plans to quote 44,279,346 options that are exercisable at $0.15 each, with an expiration date of December 10, 2028. This move is expected to enhance the company’s liquidity and provide additional capital for its operations, potentially strengthening its position in the market.
Belararox Ltd. has announced a refined exploration strategy for its TMT Project in Argentina, focusing on shallow epithermal targets at Toro Central and Toro South. The decision follows positive geophysical survey results, which have expanded the target footprint and increased the likelihood of early drilling success. Drilling is set to commence immediately, with initial assay results expected by February 2026. This development could significantly enhance the project’s potential, positioning Belararox favorably within the copper/gold mining sector and offering promising prospects for stakeholders.
Belararox Limited has announced the appointment of Chris Gale as a new director, effective December 8, 2025. The announcement includes details of Gale’s interests in securities, including 1,111,111 ordinary shares held in a trust and a consultancy agreement with Allegra Capital Pty Ltd, which involves the issuance of 1,000,000 shares. Additionally, performance rights totaling 7,000,000 are subject to shareholder approval, with vesting conditions tied to strategic acquisitions and share price milestones. This move is expected to strengthen the company’s leadership and potentially enhance its market position through targeted acquisitions and share performance.
Belararox Ltd has appointed Chris Gale as Executive Director, bringing over 30 years of experience in mining and exploration, particularly in South America. His appointment comes as the company resumes exploration activities in Argentina and continues significant drilling programs in Botswana, with expectations to enhance shareholder value amid rising copper prices.
Belararox Ltd. has announced a proposed issue of securities, specifically options exercisable at $0.15, with a total of 44,279,360 securities to be issued. This move is part of a strategic placement to potentially enhance the company’s financial position and support its ongoing operations and growth initiatives.
Belararox Ltd. has announced a prospectus for the offering of new options, including up to 29,279,360 free new options for investors in the placement and 15,000,000 new options for the lead manager of the placement. This move is part of a strategic effort to enhance its securities offerings and strengthen its market position. The options are not available to the general public and are targeted at specific investors, reflecting the company’s focused approach to capital raising. The prospectus highlights the speculative nature of the investment and advises potential investors to seek professional advice.
Belararox Ltd. announced a change in the director’s interest, specifically regarding Athanasios John Traicos. The director, through Cressing Pty Ltd ATF
Belararox Limited has announced a change in the director’s interest, specifically involving Neil Warburton, who has acquired additional shares through Michlange Pty Ltd. This acquisition was part of a placement following shareholder approval at the 2025 Annual General Meeting, resulting in an increase of 277,778 fully paid ordinary shares at a value of $0.09 per share. This change reflects the company’s ongoing efforts to align its leadership’s interests with its strategic goals, potentially impacting its market positioning and stakeholder confidence.
Belararox Limited has issued 22,558,719 fully paid ordinary shares as part of tranche 2 of a placement announced earlier in September 2025. These shares will hold equal standing with the company’s existing shares. The issuance was conducted without disclosure to investors under the Corporations Act, and the company confirms compliance with relevant legal provisions, ensuring no excluded information needs disclosure. This move is aimed at strengthening the company’s financial position and enhancing its market operations.
Belararox Ltd. has announced the application for the quotation of 22,558,719 ordinary fully paid securities on the Australian Securities Exchange (ASX), under the code BRX. This move is part of a previously announced transaction and is expected to enhance the company’s liquidity and market presence, potentially benefiting stakeholders by increasing the accessibility and visibility of its shares.
Belararox Ltd announced the release of 7.5 million ordinary fully paid shares from voluntary escrow, effective December 9, 2025. This release may impact the company’s stock liquidity and provide more flexibility for stakeholders, potentially influencing its market positioning and investor relations.
Belararox Limited has announced that Arvind Misra has ceased to be a director of the company as of November 23, 2025. The announcement details Misra’s interests in securities, including 5,885,000 ordinary shares and various performance rights held through Aranak Pty Ltd, a trustee company where Misra is a director and beneficiary. This change in directorship may impact the company’s governance and stakeholder interests, as Misra held significant securities and performance rights.
Belararox Ltd has finalized a drilling contract with Boart Longyear for its TMT Project in Argentina, marking a significant step in its exploration strategy. The mobilization of a deep-capacity diamond rig is set to occur within two weeks, with geophysical surveys underway to refine drill targets, indicating a strategic advancement in the company’s exploration efforts.
Belararox Limited announced that all resolutions were passed at its 2025 Annual General Meeting, following the ASX Corporate Governance Council Principles and Recommendations. The successful passing of these resolutions, which include approvals for share issues and ratifications of prior share placements, is expected to support the company’s strategic initiatives and enhance its market positioning in the mineral exploration sector.
Belararox Ltd. has announced a change in the director’s interest notice involving Athanasios John Traicos. The change involves the conversion of 70,000 short-term incentive performance rights into ordinary shares, reflecting a strategic adjustment in the director’s securities holdings, which could influence the company’s governance and stakeholder interests.
Belararox Limited has announced a change in the director’s interest, specifically involving Arvind Misra. The change involves the conversion of 660,000 short-term incentive performance rights into ordinary shares, increasing the total number of ordinary shares held to 5,885,000. This adjustment reflects a strategic move in the company’s management of its securities, potentially impacting its market positioning and shareholder value.
Belararox Limited has issued 1,939,499 fully paid ordinary shares at a deemed price of $0.081 per share as part of its strategy for incentives and staff retention. These shares will rank equally with existing shares, and the issuance was conducted without disclosure under the Corporations Act 2001, complying with relevant legal provisions, ensuring transparency and adherence to ASX listing rules.
Belararox Ltd. has announced the issuance of 289,499 ordinary fully paid shares to its exploration staff, with the shares to be quoted on the Australian Securities Exchange (ASX) under the code BRX. This move is part of the company’s strategy to incentivize its workforce and potentially enhance its operational capabilities, reflecting a commitment to growth and employee engagement.
Belararox Ltd. announced the cessation of certain securities due to unmet conditions. This includes 145,000 short-term incentive securities and 1,000,000 performance rights, which ceased on November 5, 2025. The lapse of these securities may impact the company’s capital structure and stakeholder interests.
Belararox Ltd. has reported significant operational progress in its TMT Project in Argentina and the Kalahari Copper Belt Project in Botswana. In Argentina, the company has commenced field activities, including road clearing and preparation for upcoming surveys and drilling. Additionally, Belararox has signed two MoUs to strengthen community partnerships. In Botswana, the maiden drilling campaign is advancing well, with promising technical progress. Financially, the company is in a strong position with cash reserves of A$4.83 million and additional funding secured, ensuring continued exploration activities.
Belararox Limited has announced the commencement of its field season at the TMT Project in Argentina, with exploration activities including MT/IP geophysical surveys to refine drill targets at Toro South and Tambo South. The company has partnered with Quantec Geoscience for these surveys and is finalizing a drilling contract with an international contractor, aiming to start drilling by late November 2025. This progress is expected to enhance Belararox’s position in the copper-gold exploration sector, leveraging its strategic location and partnerships to unlock the project’s full potential.
Belararox Limited has announced its Annual General Meeting scheduled for November 11, 2025, in Perth, WA. Shareholders are encouraged to lodge proxy forms in advance, and the company emphasizes the importance of reviewing the Notice of Meeting. This meeting is crucial for stakeholders as it will address key decisions impacting the company’s strategic direction and operations.
Belararox Ltd. has provided an update on its maiden drilling campaign at the Kalahari Copper Project in Botswana. The campaign aims to delineate the contact between the D’Kar Formation and the Ngwako Pan Formation, crucial for identifying copper mineralization. The drilling program has been optimized with additional rigs to improve efficiency and is on track for completion by early November. Initial results are promising, with the DKF-NPF contact encountered at shallower depths than expected, boosting confidence in the exploration model and potential for discovering copper deposits.
Belararox Limited has issued 3,000,000 fully paid ordinary shares as deferred consideration for the KCB project acquisition, priced at $0.086 per share. These shares will hold equal status with existing shares. The issuance was conducted without disclosure to investors under the Corporations Act, and the company confirms compliance with relevant legal provisions, ensuring transparency and informed investor assessment.
Belararox Ltd. has announced the application for the quotation of 3,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective from September 30, 2025. This move is part of previously announced transactions and signifies the company’s ongoing efforts to enhance its market presence and liquidity, potentially impacting its stakeholders by increasing the availability of its shares in the market.
Belararox Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms the company’s adherence to the ASX Corporate Governance Council’s recommendations, ensuring transparency and accountability in its operations. This announcement underscores Belararox’s commitment to maintaining robust governance practices, which is crucial for its stakeholders and market positioning.
Belararox Ltd. has released its annual report, detailing various aspects of its operations and financial performance. The report includes a comprehensive review of operations, health and safety measures, and financial statements. This release provides stakeholders with insights into the company’s operational health and strategic direction, potentially impacting investor confidence and market positioning.