Belararox Ltd. (AU:BRX)
ASX:BRX
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Belararox Ltd.
(Sydney:BRX)
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Rating:45Neutral
Price Target:
AU$0.06
â–¼(-36.00% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily weighed down by weak financial performance (pre-revenue operations, widening losses, and ongoing cash burn) and a technically weak price trend (below major moving averages). These are partially offset by a debt-free balance sheet with materially higher equity, but valuation support is limited due to negative earnings and no dividend yield provided.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces solvency and interest burden risk for an exploration miner. This durable strength improves financing optionality for capital-intensive drilling and development phases and lowers bankruptcy risk during commodity cycles.
Negative Factors
Pre-revenue operations
Operating without meaningful revenue leaves the company dependent on external financing until mines are commercial. That structural dependence increases execution and dilution risk, as successful transition to producing operations is uncertain and time-consuming in mining.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces solvency and interest burden risk for an exploration miner. This durable strength improves financing optionality for capital-intensive drilling and development phases and lowers bankruptcy risk during commodity cycles.
Read all positive factors
Belararox Ltd. (BRX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.50M
Dividend YieldN/A
Average Volume (3M)604.76K
Price to Earnings (P/E)―
Beta (1Y)2.17
Revenue GrowthN/A
EPS Growth13.24%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding265,219,420
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 engages in the exploration and development of mineral resource projects in Australia. The company explores for zinc, copper, gold, silver, nickel, and lead deposits. It holds 100% interests in the Belara project that covers an ar...
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
0.08
Negative
0.09
Negative
0.09
Negative
Market Momentum
>-0.01
Positive
31.80
Neutral
30.56
Neutral
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 0.08, above the 50-day MA of 0.08, and above the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 31.80 is Neutral, neither overbought nor oversold. The STOCH value of 30.56 is Neutral, 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% | |
51 Neutral | AU$29.11M | -5.21 | -164.76% | ― | ― | 27.23% | |
46 Neutral | AU$6.18M | -3.07 | -55.63% | ― | ― | -66.67% | |
45 Neutral | AU$17.50M | -2.50 | -16.13% | ― | ― | 13.24% | |
43 Neutral | AU$14.83M | -4.24 | -33.10% | ― | ― | -128.13% | |
43 Neutral | AU$17.88M | -4.75 | -53.37% | ― | ― | -4.88% | |
42 Neutral | AU$7.37M | -2.32 | -11.24% | ― | ― | -17.39% |
* Basic Materials Sector Average
AU:BRX
Belararox Ltd.
0.07
-0.07
-51.11%
AU:PGM
Platina Resources Limited
0.02
<0.01
15.00%
AU:COY
Coppermoly Limited
0.01
>-0.01
-28.57%
AU:SCN
Scorpion Minerals Limited
0.03
0.01
65.00%
AU:CBY
Canterbury Resources Ltd.
0.03
<0.01
28.57%
AU:C1X
Cosmos Exploration Limited
0.23
0.15
200.00%
Belararox Ltd. Corporate Events
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 ...
Belararox Uncovers High-Grade Near-Surface Silver Zone at Toro Central
Mar 17, 2026
Belararox has reported a significant new discovery at the Toro Central prospect within its Toro-Malambo-Tambo Project in Argentina, where the second drill hole intercepted a previously undrilled, near-surface high-grade silver zone. The hole retur...
Belararox Issues Interim Financial Report for Half-Year to 31 December 2025
Mar 15, 2026
Belararox Ltd. has released its condensed financial report for the half-year ended 31 December 2025, detailing its financial performance, position, and cash flows in a formal interim statement. The report includes a directors’ report, audito...
Belararox Expands Toro South Footprint With El Faro Tenement Acquisition
Mar 12, 2026
Belararox has acquired the El Faro tenement adjacent to its Toro South copper target within the TMT Project in Argentina, expanding its landholding by 22 square kilometres. The ground lies directly along the Toro South exploration corridor, where ...
Belararox reshapes leadership to drive copper exploration in Argentina and Botswana
Mar 5, 2026
Belararox has appointed experienced geologist and mining executive Will Dix as chief executive officer, effective 1 April 2026, bringing more than 25 years’ experience across base, precious and uranium projects and a track record in capital ...
Belararox Reports Technical Update to Director’s Incentive Holdings
Mar 4, 2026
Belararox Ltd. has disclosed a change in director Yanjun Zuo’s relevant interests in the company’s securities, primarily held indirectly through Enamel Coast Pty Ltd and Dynamic Oceanwide Investments Pty Ltd. The holdings include ordin...
Belararox updates market on restructuring of director incentive securities
Mar 4, 2026
Belararox Limited has reported a change in director Neil Warburton’s indirect interests, detailing movements in his holdings of fully paid ordinary shares, listed options, performance rights, and long-term incentive securities held through r...
Belararox Discloses Administrative Change in Director Incentive Holdings
Mar 4, 2026
Belararox Ltd. has reported a change in the relevant interests of director Athanasios John Traicos, held indirectly through Cressing Pty Ltd as trustee for the Traicos Family Trust. The disclosure outlines adjustments to his holdings in various se...
Belararox Discloses New Performance Rights Issued to Director Chris Gale
Mar 4, 2026
Belararox Ltd. has reported a change in director Chris Gale’s relevant interests, disclosing the issue of 7,000,000 performance rights to an entity associated with him, Allegra Capital Pty Ltd., as approved by shareholders at the companyR...
Belararox Issues New 2026 Unquoted Employee Incentive Securities
Mar 4, 2026
Belararox has notified the market of the issue of new unquoted securities under its 2026 employee incentive schemes. The company will issue 2,650,000 short-term incentive (STI) securities and 8,050,000 long-term incentive (LTI) securities, both as...
Belararox Issues 7 Million Executive Director Incentive Rights
Mar 4, 2026
Belararox Ltd. has issued 7,000,000 unquoted 2026 Executive Director incentive rights, effective 3 March 2026. The new rights, which form a separate class of unquoted equity securities, are designed to align executive director remuneration with co...
Belararox Issues 750,000 Unquoted Director Incentive Securities
Mar 4, 2026
Belararox Ltd. has notified the market of the issuance of 750,000 unquoted equity securities as 2025 Director short-term incentive (STI) awards. The new securities, issued on 3 March 2026 as a new class of unquoted incentives, form part of the com...
Belararox Issues 4 Million Unquoted Director LTI Performance Rights
Mar 4, 2026
Belararox Ltd. has notified the market of the issue of 4,000,000 unquoted 2025 Director LTI performance rights, effective 3 March 2026. The new long-term incentive securities, which are not quoted on the ASX, form part of the company’s execu...
Belararox Cancels 750,000 Short Term Incentive Securities
Mar 4, 2026
Belararox Ltd. has notified the market of a change to its issued capital, confirming that 750,000 short term incentive securities under the code BRXAI have ceased. The cessation occurred on 3 March 2026 through a cancellation by agreement between ...
Belararox Cancels 4 Million Long-Term Incentive Securities by Agreement
Mar 4, 2026
Belararox Ltd., listed on the ASX as BRX, has reported changes to its issued capital relating to long-term incentive securities. The move reflects internal adjustments to its incentive arrangements with security holders, without providing addition...
Belararox shareholders back board incentive and termination changes at EGM
Feb 20, 2026
Belararox Ltd. has announced the results of its Extraordinary General Meeting, confirming that all resolutions put to shareholders were passed by poll with strong majorities. The measures primarily relate to cancelling existing director performanc...
Belararox Advances Copper Exploration in Argentina and Botswana on Strengthened Balance Sheet
Jan 29, 2026
Belararox reported strong operational progress for the quarter to 31 December 2025, highlighted by the start of diamond drilling at the Toro Central prospect within its TMT Project in Argentina, where work is targeting a broad near-surface epither...
Belararox Confirms Key Sulphide Zone in First Toro Central Drill Hole at Argentine TMT Project
Jan 29, 2026
Belararox has completed its first diamond drill hole at the Toro Central target within the TMT Project in Argentina, reaching a depth of 705.6 metres and intersecting altered volcanic and volcaniclastic rocks containing visually observed sulphides...
Belararox Confirms Key Sulphide Zone in First Toro Central Drill Hole at Argentine TMT Project
Jan 20, 2026
Belararox has completed its first diamond drill hole at the Toro Central prospect within the TMT Project in Argentina, reaching a depth of 705.6 metres and intersecting altered volcanic and volcaniclastic rocks with visually observed sulphides ove...
Belararox Moves to Digital Communications as It Calls Extraordinary General Meeting
Jan 20, 2026
Belararox Limited has called an Extraordinary General Meeting for 20 February 2026 in Perth, notifying shareholders that the formal Notice of Meeting will be provided electronically rather than in hard copy, except for investors who have specifica...
Belararox Seeks ASX Quotation for 18.1 Million Options
Jan 15, 2026
Belararox Ltd has applied to the ASX for quotation of 18,111,100 options (ASX code: BRXO) expiring on 10 December 2028, following the prior issue of these securities as part of a transaction previously announced to the market. The move will see th...
Belararox Plans Issue of 18.1 Million Options in New Capital Raising
Jan 12, 2026
Belararox Ltd has notified the ASX of a proposed issue of new securities, comprising up to 18,111,108 options (ASX code: BRXO) expiring on 10 December 2028, to be issued as a placement or similar type of capital raising. The options are expected t...
Belararox Launches Targeted Free Options Offer to Placement Investors
Jan 12, 2026
Belararox Ltd has released a transaction-specific prospectus detailing an offer of up to 18,111,108 free options to select investors who participated in a recent share placement. The options, to be quoted on the ASX, are being offered on the basis...
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.