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Basin Energy Limited (AU:BSN)
ASX:BSN
Australian Market

Basin Energy Limited (BSN) AI Stock Analysis

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AU:BSN

Basin Energy Limited

(Sydney:BSN)

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Neutral 51 (OpenAI - 5.2)
Rating:51Neutral
Price Target:
AU$0.06
▲(22.00% Upside)
The score is held back primarily by weak financial performance (ongoing losses and negative free cash flow), partially offset by a strong technical uptrend and a debt-free balance sheet that reduces near-term solvency risk. Valuation is also a headwind due to negative earnings (negative P/E) and no dividend support.
Positive Factors
Debt-free balance sheet
Zero reported debt materially reduces solvency and fixed-charge risk, giving management flexibility to prioritize exploration or staged investments without near-term interest burdens. Over 2-6 months this preserves runway and optionality versus leveraged peers.
Sizable equity buffer vs assets
Equity nearly equals total assets, providing a meaningful capital buffer that can absorb continued losses without immediate insolvency. This structural strength supports funding operational programs and reduces the urgency of distress financing in the medium term.
Improving loss and cash flow trend
Sequential improvement in free cash flow and reduced net loss indicates management progress toward cost control or operational stabilization. If sustained, this trend increases the likelihood of reaching self-funding levels or reducing dilution needs over the next several quarters.
Negative Factors
Multi-year operating and net losses
Persistent operating and net losses undermine long-term viability absent a clear path to revenue scale. Continued deficits erode equity, constrain reinvestment, and increase reliance on external capital, raising structural business risk over the coming months.
Ongoing negative operating and free cash flow
Chronic negative operating and free cash flow creates a structural funding gap that forces recurring capital raises or asset sales. This weakens strategic flexibility, increases dilution risk, and limits investment in growth or development without external financing.
Very small revenue base
Minimal revenue relative to losses signals limited commercial traction and a lack of scalable revenue streams. Structural revenue immaturity makes profit recovery dependent on execution of substantive business changes or discovery, heightening medium-term operational risk.

Basin Energy Limited (BSN) vs. iShares MSCI Australia ETF (EWA)

Basin Energy Limited Business Overview & Revenue Model

Company DescriptionBasin Energy Limited, an early-stage mineral exploration and development company, focuses on uranium projects located in Canada. It holds a 100% interest in the Marshall project comprising three mineral claims located in Canada; an 80% interest in the North Millennium project consisting of one mineral claim located in Canada; and an 80% interest in the Geikie project comprising seven mineral claims located in Canada. The company was incorporated in 2021 and is headquartered in West Perth, Australia.
How the Company Makes MoneyBasin Energy Limited generates revenue primarily through the exploration and production of energy resources, such as oil and natural gas. The company sells these commodities to various markets, including domestic and international buyers. Key revenue streams include the sale of crude oil, natural gas, and related products. The company may also engage in strategic partnerships and joint ventures to expand its operational capabilities and access new markets, enhancing its revenue potential.

Basin Energy Limited Financial Statement Overview

Summary
Overall fundamentals are weak due to ongoing operating and net losses, a very small revenue base, and persistent negative operating/free cash flow (cash burn). The main offsetting strength is a debt-free balance sheet with substantial equity, which lowers solvency risk, but continued losses could erode the equity base over time.
Income Statement
18
Very Negative
Profitability remains weak with multi-year operating losses and negative net income each year. FY2025 shows a small revenue base (52.7k) but losses are still sizable (net loss ~1.35m), resulting in deeply negative margins. A positive is that the net loss improved materially versus FY2024, but the business has not yet demonstrated durable revenue scale or earnings power.
Balance Sheet
66
Positive
The balance sheet is conservatively positioned with zero debt across all periods, which reduces financial risk and supports flexibility. Equity is sizable relative to assets (equity ~10.9m vs. assets ~11.1m in FY2025), but persistent losses are pressuring returns (return on equity remains negative). The key weakness is that continued deficits could erode the equity base over time if profitability does not improve.
Cash Flow
27
Negative
Cash generation is a concern: operating cash flow and free cash flow are negative every year, indicating ongoing cash burn to fund operations and investment. FY2025 free cash flow improved significantly versus FY2024 (less negative), but cash flow still does not cover the loss base in a way that suggests self-funding operations. Overall, liquidity runway depends on maintaining capital resources given repeated negative operating cash flow.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022
Income Statement
Total Revenue0.0052.73K0.000.000.00
Gross Profit-2.64K52.73K-1.79K-715.000.00
EBITDA-1.39M-1.34M-1.19M-1.46M-552.15K
Net Income-1.35M-1.35M-2.76M-1.35M-552.15K
Balance Sheet
Total Assets11.13M11.13M11.97M11.34M12.15M
Cash, Cash Equivalents and Short-Term Investments992.24K992.24K2.48M5.21M8.89M
Total Debt0.000.000.000.000.00
Total Liabilities222.06K222.06K132.85K109.38K101.00K
Stockholders Equity10.91M10.91M11.84M11.23M12.05M
Cash Flow
Free Cash Flow-453.78K-1.60M-5.56M-3.94M-197.13K
Operating Cash Flow-452.71K-1.20M-1.14M-1.08M-197.13K
Investing Cash Flow-280.06K-280.06K-4.71M-2.86M0.00
Financing Cash Flow0.000.003.12M8.43M920.00K

Basin Energy Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.05
Price Trends
50DMA
0.05
Positive
100DMA
0.05
Positive
200DMA
0.04
Positive
Market Momentum
MACD
<0.01
Negative
RSI
68.76
Neutral
STOCH
95.23
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BSN, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.05, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 68.76 is Neutral, neither overbought nor oversold. The STOCH value of 95.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BSN.

Basin Energy Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
65
Neutral
$15.17B7.614.09%5.20%3.87%-62.32%
52
Neutral
£220.77M-13.56-26.26%-75.25%
51
Neutral
-5.04-11.90%56.79%
50
Neutral
AU$219.01M-13.13-69.11%1.38%
50
Neutral
AU$23.07M-50.00-0.93%8.33%
44
Neutral
AU$15.07M-1.18-3247.83%-57.74%60.13%
40
Underperform
AU$7.90M-3.79-75.69%-141.67%
* Energy Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:BSN
Basin Energy Limited
0.06
0.04
221.05%
AU:AEE
Aura Energy
0.24
0.11
84.62%
AU:ZEU
Zeus Resources Ltd.
0.01
<0.01
10.00%
AU:ADD
Adavale Resources Limited
0.06
0.02
75.00%
AU:EL8
Elevate Uranium Ltd
0.47
0.19
67.86%
AU:EME
Energy Metals Ltd
0.11
0.03
34.15%

Basin Energy Limited Corporate Events

Basin Energy Expands Queensland and Swedish Uranium-REE Footprint and Sells Non-Core Canadian Asset
Jan 29, 2026

Basin Energy reported a highly active December quarter marked by the completion of its acquisition of NeoDys Ltd, securing the Sybella-Barkly project in Queensland, described as the largest prospective uranium and rare earths tenement package in the state. The company completed 2,736 metres of maiden aircore drilling across 63 holes at Sybella-Barkly, is planning a second-phase granite-hosted rare earth drilling program for the June quarter of 2026, and expanded the project area through additional tenure applications near Mount Isa. In northern Sweden, assaying of historical core confirmed significant shallow uranium mineralisation across the Bjorkberget, Ravaberget and Virka projects, with mineralised zones remaining open at depth and along strike and underpinned by a roughly 20-kilometre prospective corridor, strengthening Basin’s position as Sweden lifts its uranium mining ban. In Canada, Basin entered a binding agreement to sell its non-core Marshall uranium project to Green Canada Corporation, a move intended to crystallise value from deeper unconformity targets, free up capital and retain upside through equity and buyback rights, allowing the company to concentrate resources on its highest-conviction exploration assets as uranium prices and demand for secure rare earth supply continue to rise.

The most recent analyst rating on (AU:BSN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Basin Energy Limited stock, see the AU:BSN Stock Forecast page.

Basin Energy Posts Quarterly Cash Outflow as Exploration Spend Continues
Jan 29, 2026

Basin Energy Limited reported a net operating cash outflow of A$403,000 for the December 2025 quarter and A$823,000 for the first half, driven mainly by exploration and evaluation expenses along with staff, administration and corporate costs, while still generating only minimal interest income. The company also recorded A$304,000 of net cash used in investing activities for the quarter, largely from capitalised exploration and cash-backed guarantees, partially offset by the A$1.25 million equity raising completed earlier in the half; after all operating, investing and financing flows, Basin closed the quarter with cash and cash equivalents of A$1.64 million, underscoring both its continued spending on exploration and the importance of prior capital raisings to sustain its program and liquidity profile.

The most recent analyst rating on (AU:BSN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Basin Energy Limited stock, see the AU:BSN Stock Forecast page.

Basin Energy Advances Rare Earth and Uranium Exploration in Queensland
Dec 17, 2025

Basin Energy Limited has completed Phase 1 drilling at its Sybella-Barkly rare earth and uranium project in Mount Isa, Queensland, concluding 63 drill holes across 2,735 meters and advancing towards Phase 2 drilling focusing on hard rock rare earth minerals. The company has also expanded its project footprint by securing 90 km² of additional tenure, reinforcing its position in strategically significant mineral corridors. This initiative enhances Basin’s exploration capabilities and positions the company for substantial impact on the rare earth and uranium market, with assay results anticipated in early 2026.

Basin Energy Expands Sybella-Barkly REE and Uranium Project
Nov 30, 2025

Basin Energy Limited has expanded its Sybella-Barkly project by securing an additional 183 km2 of prospective land, increasing its total holdings to 6,140 km2. This expansion strengthens its position in the REE and uranium sectors, with ongoing drilling and exploration activities supported by a new conduct and compensation agreement at Ardmore Station, facilitating continued exploration over the next year.

Basin Energy Sells Marshall Uranium Project to Green Canada Corporation
Nov 23, 2025

Basin Energy Limited has entered into a binding agreement to sell its Marshall Uranium Project to Green Canada Corporation Inc. (GCC), which is preparing for a public listing on the Canadian Stock Exchange. The transaction involves Basin receiving cash, shares, and a stake in the newly listed entity, while GCC commits to significant exploration expenditures. This deal allows Basin to retain a buyback option and a right of first refusal, enhancing its strategic focus on shallow discovery opportunities and expanding its leverage in quality uranium assets.

Basin Energy Limited Successfully Passes All AGM Resolutions
Nov 18, 2025

Basin Energy Limited announced the results of its 2025 Annual General Meeting, where all resolutions were passed by poll in accordance with the ASX Corporate Governance Council Principles and Recommendations. The meeting included the adoption of the remuneration report, election and re-election of directors, and approval of various resolutions, including a 10% placement facility and proportional takeover bid provisions, indicating strong shareholder support.

Basin Energy Initiates Drilling at Sybella-Barkly Project
Nov 11, 2025

Basin Energy Limited has commenced a significant drilling program at its Sybella-Barkly project, targeting uranium and rare earth elements. The project involves approximately 3,000 meters of drilling over 80 holes, with initial efforts focusing on sediment-hosted ionic clay rare earth potential. Supported by Queensland Government funding, the drilling aims to explore district-scale concepts and is expected to conclude within a month, with results anticipated in Q1 2026. This initiative marks a major step forward for Basin Energy in advancing its exploration efforts in a world-class jurisdiction, potentially enhancing its market position and stakeholder value.

Basin Energy Initiates Maiden Drilling at Sybella-Barkly Project
Nov 4, 2025

Basin Energy Limited has announced the commencement of its maiden drilling program at the Sybella-Barkly project, targeting uranium and rare earth elements. The project involves approximately 3,000 meters of drilling over 80 drill holes, with initial efforts focusing on sediment-hosted ionic clay rare earth potential. Supported by Queensland Government funding, the program aims to explore both shallow clay and sediment-hosted rare earth elements and paleochannel roll front uranium systems. The company has secured land access agreements and is preparing for drilling to commence imminently, marking a significant step in its exploration efforts.

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.Date of analysis: Jan 28, 2026