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Blackstone Minerals Ltd
(Sydney:BSX)
Blackstone Minerals Ltd (BSX) vs. iShares MSCI Australia ETF (EWA)
Blackstone Minerals Ltd Business Overview & Revenue Model
Blackstone Minerals Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 55.53K | 312.87K | 35.90K | 77.25K |
| Gross Profit | -869.34K | -869.34K | -1.11M | -996.49K | -1.12M | -727.00K |
| EBITDA | -6.58M | -10.09M | -20.72M | -34.58M | -34.84M | -16.91M |
| Net Income | -9.72M | -9.72M | -17.33M | -32.15M | -31.94M | -15.88M |
Balance Sheet | ||||||
| Total Assets | 83.65M | 83.65M | 19.25M | 36.72M | 70.13M | 36.20M |
| Cash, Cash Equivalents and Short-Term Investments | 582.89K | 582.89K | 4.16M | 12.56M | 40.75M | 21.80M |
| Total Debt | 241.60K | 241.60K | 1.12M | 436.92K | 699.23K | 296.27K |
| Total Liabilities | 3.67M | 3.67M | 2.99M | 6.33M | 6.62M | 5.49M |
| Stockholders Equity | 84.14M | 84.14M | 20.06M | 31.52M | 62.65M | 26.82M |
Cash Flow | ||||||
| Free Cash Flow | -5.94M | -5.94M | -14.97M | -27.98M | -36.42M | -15.31M |
| Operating Cash Flow | -5.94M | -5.94M | -13.72M | -27.91M | -35.82M | -15.00M |
| Investing Cash Flow | -811.42K | -811.42K | -723.88K | -249.46K | -10.19M | -312.26K |
| Financing Cash Flow | 3.19M | 3.19M | 6.20M | -294.24K | 65.03M | 30.35M |
Blackstone Minerals Ltd Technical Analysis
Blackstone Minerals Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$142.54M | 11.21 | 8.79% | ― | 15.32% | 10.05% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$225.62M | -22.86 | -20.60% | ― | ― | 7.28% | |
50 Neutral | AU$753.05M | -56.25 | -15.51% | ― | ― | -90.48% | |
48 Neutral | AU$82.04M | -3.02 | -18.67% | ― | ― | 53.31% | |
46 Neutral | AU$146.42M | -23.57 | -8.25% | ― | ― | -55.56% | |
44 Neutral | AU$486.15M | -6.36 | -84.61% | ― | 149.43% | 1.20% |
Blackstone Minerals Ltd Corporate Events
Blackstone Minerals Limited has appointed Gregory Rolland Cunnold as a director effective 29 December 2025. Cunnold holds a substantial equity position in the company, including 3.7 million fully paid ordinary shares in his own name and a significant additional beneficial interest of more than 81.8 million fully paid ordinary shares and several tranches of unlisted options, underscoring a strong alignment between his personal financial interests and the company’s future performance.
The most recent analyst rating on (AU:BSX) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Blackstone Minerals Ltd stock, see the AU:BSX Stock Forecast page.
Blackstone Minerals has announced the resignation of Managing Director Scott Williamson, effective 31 January 2026, as part of a leadership transition at the company. To maintain continuity, existing Non-Executive Director Geoff Gilmour has been elevated to Executive Chairman with immediate effect, taking on executive leadership duties while the board conducts a search for a new Chief Executive Officer and/or Managing Director. The board has also strengthened its technical capability by appointing geologist Greg Cunnold, who brings experience with the Mankayan Copper-Gold Project in the Philippines, as a Non-Executive Director. Alongside these board changes, Blackstone continues to promote shareholder engagement via its Investor Hub, encouraging investors to interact directly with the company and stay informed during this period of governance transition.
Blackstone Minerals Ltd announced that all resolutions proposed at its Annual General Meeting on November 28, 2025, were passed. The outcomes of the meeting, including the adoption of the remuneration report and the election of board members, signify strong shareholder support and are expected to positively impact the company’s governance and strategic direction.
Blackstone Minerals Ltd announced the issuance of 25 million unlisted options, marking a significant move in their financial strategy. This issuance could potentially enhance the company’s capital structure and support its ongoing projects, thereby impacting its operational capabilities and market positioning positively.
Blackstone Minerals Limited has provided an update on its Mankayan Copper-Gold Project in the Philippines, highlighting ongoing consultations with local communities. Despite securing regulatory approvals, including a Certificate of Precondition from the National Commission on Indigenous Peoples, the Mankayan Municipal Council has issued an order preventing drilling until community concerns are addressed. Blackstone is committed to resolving these issues through engagement, aligning with its long-term strategy in the region.
Blackstone Minerals Limited has announced the appointment of Mr. James Bahen as the new Company Secretary, following the resignation of Mrs. Carla Healy and Mr. Tim Slate. Mr. Bahen brings extensive corporate governance and capital markets experience, which is expected to enhance Blackstone’s operational efficiency and compliance with ASX listing rules. This strategic leadership change is part of Blackstone’s broader strategy to strengthen its position in the resource industry, particularly in Southeast Asia, where it is advancing its copper-gold and nickel-cobalt projects.
Blackstone Minerals Ltd has announced changes to its upcoming annual general meeting agenda. The company has withdrawn Resolution 3 due to the resignation of Director Hamish Halliday and introduced Resolution 6 for the election of Oliver Cairns as a Director, reflecting adjustments in its board composition.
Blackstone Minerals Ltd has announced its upcoming Annual General Meeting scheduled for November 28, 2025, in West Perth, WA. The meeting will cover several key agenda items, including the consideration of financial statements, the adoption of the remuneration report, and the election and re-election of directors. Additionally, shareholders will vote on the approval of a 7.1A mandate allowing the company to issue up to 10% of its equity securities and the replacement of the company’s constitution. These resolutions are significant as they reflect the company’s ongoing governance and strategic planning efforts, potentially impacting shareholder value and corporate operations.
Blackstone Minerals Ltd has announced the appointment of Mr. Oliver William Cairns as a director, effective October 28, 2025. Mr. Cairns holds significant interests in the company, including 3,700,000 fully paid ordinary shares and additional interests through Silverlight Holdings Pty Ltd. This appointment is expected to strengthen the company’s leadership and potentially influence its strategic direction, impacting stakeholders and enhancing its position in the mineral resources industry.
Blackstone Minerals Limited has announced the cessation of Mr. Hamish Halliday as a director, effective October 28, 2025. This change in directorship includes details of Mr. Halliday’s interests in securities, which are significant in number and include both ordinary shares and unlisted options. The announcement may impact the company’s governance structure and could have implications for its strategic direction, given Mr. Halliday’s substantial holdings and involvement in the company.
Blackstone Minerals Ltd has announced changes to its Board of Directors, with the resignation of Chairman Mr. Hamish Halliday and the appointment of Mr. Oliver Cairns as interim Non-Executive Director. Mr. Cairns’ extensive experience with the Mankayan Copper-Gold Project and his strategic corporate expertise are expected to benefit the company’s operations, enhancing its industry positioning and potentially impacting stakeholders positively.
Blackstone Minerals Ltd has secured $22.6 million to accelerate the development of its Mankayan Copper-Gold Project, supported by institutional investors. The company has discovered significant copper and gold mineralization near the Mankayan deposit, prompting further exploration efforts. Blackstone has also partnered with KCA Site Services to enhance its drilling capabilities and secured necessary regulatory approvals, including community consent, for its operations. Additionally, Blackstone has entered a strategic agreement with Vietnam’s Xuan Loc Tho Co. Ltd. to jointly develop the Ta Khoa Nickel Project, aiming to reduce costs and capitalize on the nickel and Li-ion battery metals market.