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Cobre Limited (AU:CBE)
ASX:CBE
Australian Market

Cobre Limited (CBE) AI Stock Analysis

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AU:CBE

Cobre Limited

(Sydney:CBE)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
AU$0.11
▲(14.00% Upside)
The score is held down primarily by weak operating performance (inconsistent revenue, ongoing losses, and negative cash flow). A debt-free balance sheet and improved cash burn provide some support, while technicals are moderately positive but not strong enough to offset fundamentals; valuation is also constrained by negative earnings and no dividend data.
Positive Factors
Debt-Free Balance Sheet
Having zero debt reduces financial risk and increases financial flexibility, allowing Cobre Limited to focus on growth and exploration without the burden of debt repayments.
Strategic Partnerships
The strategic investment from Tribeca enhances Cobre's financial resources and operational capabilities, positioning it as a potential leader in the Kalahari Copper Belt and supporting long-term growth.
Capital Raising Initiatives
The successful capital raising strengthens Cobre's financial position, providing funds for exploration and development, which could enhance its market competitiveness and growth potential.
Negative Factors
Inconsistent Revenue
Inconsistent revenue and persistent losses indicate challenges in achieving stable cash flow and profitability, which could hinder Cobre's ability to sustain operations without external funding.
Negative Cash Flow
Negative cash flow suggests that Cobre is not yet self-sustaining, relying on external funding to cover operational costs, which could limit its financial flexibility and growth opportunities.
Weak Earnings Quality
Persistent operating and net losses reflect weak earnings quality, indicating that Cobre may struggle to achieve profitability and value creation in the near term, impacting investor confidence.

Cobre Limited (CBE) vs. iShares MSCI Australia ETF (EWA)

Cobre Limited Business Overview & Revenue Model

Company DescriptionCobre Limited engages in the exploration and evaluation of mineral properties. It explores for copper, gold, silver, and zinc deposits. The company holds 100% interest in the Perrinvale project covering an area of approximately 381 square kilometers of the Panhandle and Illaara Greenstone Belts in Western Australia; and an option to earn up to 80% interests in the Sandiman tenement covering an area of approximately 202 square kilometers located in Gascoyne Province, Australia. It also holds 51% interest in the Kalahari Copper Belt covering an area of approximately 5,026.9 square kilometers located in Botswana. The company was incorporated in 2018 and is based in Sydney, Australia.
How the Company Makes MoneyCobre Limited makes money primarily through the exploration and development of copper mining projects. The company's revenue model is centered around discovering and developing mineral resources, which are then sold or partnered with larger mining operators. Key revenue streams include the sale of mineral rights, joint venture agreements, and potential future income from mining operations. Strategic partnerships with other mining companies and stakeholders in the mining industry also contribute to its earnings by sharing the risks and costs associated with exploration and development activities.

Cobre Limited Financial Statement Overview

Summary
Cobre Limited faces significant financial challenges with persistent losses and negative cash flow, despite having a strong equity position. The recent improvement in revenue offers a potential path to future profitability, but the lack of diversification in financing and reliance on equity may limit growth opportunities.
Income Statement
Cobre Limited's income statement reveals significant challenges in generating revenue and achieving profitability. The company struggled with negative net income and EBIT across the periods, reflecting operational inefficiencies and high expenses relative to revenue. However, there was a positive shift in revenue in the most recent period, indicating potential future growth opportunities.
Balance Sheet
The balance sheet of Cobre Limited shows a strong equity base with no debt, which reduces financial risk. However, the company's equity ratio indicates that a significant portion of its assets are financed by equity, which could limit leverage opportunities. The absence of debt provides stability, but profitability remains a concern.
Cash Flow
Cobre Limited's cash flow statements highlight persistent negative free cash flow, suggesting ongoing capital expenditures and cash outflows that are not yet generating positive returns. Operating cash flow to net income ratios are unfavorable, indicating inefficiencies in converting revenue into cash.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.000.00758.60K0.0025.70K
Gross Profit-26.11K-26.11K758.60K-1.40K-1.34K-1.50K
EBITDA-2.22M-2.10M-1.63M-1.45M-1.46M-2.69M
Net Income-2.12M-2.12M-2.39M-1.74M-5.39M-2.75M
Balance Sheet
Total Assets42.70M42.70M31.51M31.50M18.68M18.26M
Cash, Cash Equivalents and Short-Term Investments4.59M4.59M980.63K5.76M2.73M8.15M
Total Debt0.000.000.000.001.88M532.06K
Total Liabilities6.80M6.80M928.24K726.59K2.28M1.21M
Stockholders Equity35.90M35.90M30.58M30.77M12.88M17.05M
Cash Flow
Free Cash Flow-4.58M-2.12M-6.64M-9.98M-2.28M-3.33M
Operating Cash Flow-2.01M-2.01M-1.34M-2.06M-1.20M-1.17M
Investing Cash Flow-5.74M-5.74M-5.61M-9.58M-5.62M-3.07M
Financing Cash Flow11.35M11.35M2.16M14.67M1.41M5.21M

Cobre Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.10
Price Trends
50DMA
0.11
Positive
100DMA
0.09
Positive
200DMA
0.07
Positive
Market Momentum
MACD
<0.01
Negative
RSI
58.18
Neutral
STOCH
79.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CBE, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 0.11, below the 50-day MA of 0.11, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.18 is Neutral, neither overbought nor oversold. The STOCH value of 79.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:CBE.

Cobre Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
50
Neutral
AU$62.85M100.004.75%
48
Neutral
AU$62.56M-22.55-6.39%37.04%
48
Neutral
AU$51.53M-18.33-12.53%40.00%
47
Neutral
AU$13.60M-5.71%16.67%
41
Neutral
AU$20.80M-16.67-43.49%-7.14%
28
Underperform
AU$15.78M-5.26-11.76%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CBE
Cobre Limited
0.12
0.07
130.00%
AU:ADY
Admiralty Resources NL
0.01
0.00
0.00%
AU:BCA
Black Canyon Limited
0.38
0.31
420.55%
AU:AHN
Athena Resources Limited
AU:VRC
Volt Resources Ltd
0.01
<0.01
10.00%
AU:ACP
Audalia Resources Limited
0.03
<0.01
19.05%

Cobre Limited Corporate Events

Cobre Director Michael Addison Increases Indirect Shareholding via On-Market Purchase
Dec 22, 2025

Cobre Limited has disclosed a change in the indirect shareholding of director Michael Addison, who holds his interest via the Danawa (Inv) Pty Ltd and the Rivonia Pty Limited ATF . The company reported that Addison acquired 472,622 Cobre shares on-market on 22 December 2025 at an average price of $0.092 per share, increasing his indirect shareholding to 6,622,623 shares while his existing options positions across both entities remain unchanged, signalling a modest vote of confidence by the director in the company’s equity without altering its capital structure.

Cobre Limited Enhances Market Position with New Securities Issuance
Dec 12, 2025

Cobre Limited announced the issuance of 919,231 fully paid ordinary securities on December 12, 2025, as part of its strategy to enhance liquidity and shareholder value. This move is expected to strengthen the company’s financial position and potentially increase its market competitiveness, benefiting stakeholders by providing more opportunities for investment and growth.

Cobre Limited Announces Quotation of New Securities on ASX
Dec 7, 2025

Cobre Limited has announced the quotation of 8,750,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is expected to strengthen the company’s capital base and support its strategic initiatives in the mining industry, potentially impacting its market positioning and stakeholder interests.

Cobre Limited Announces Quotation of New Securities on ASX
Dec 1, 2025

Cobre Limited has announced the quotation of 1,830,102 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 1, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially increase its market presence, signaling a positive development for stakeholders and investors interested in the mining sector.

Cobre Limited Announces Director’s Change in Securities Interest
Nov 28, 2025

Cobre Limited has announced a change in the interests of its director, Michael Addison, in the company’s securities. The change involves the acquisition of 1,000,000 options exercisable at $0.1575 each, expiring on 28 November 2029, approved by shareholders at the company’s AGM. This adjustment in director’s interests may influence the company’s governance and shareholder dynamics, reflecting strategic decisions made in the recent AGM.

Cobre Limited Completes Share Issuance for Capital Raising
Nov 27, 2025

Cobre Limited has issued 40,000,000 ordinary shares at $0.10 per share as part of a capital raising initiative announced earlier in November 2025. This move is in compliance with relevant sections of the Corporations Act 2001, and the company has confirmed there is no excluded information that needs to be disclosed, indicating a transparent financial operation. This capital raising is likely to impact Cobre’s financial standing and market operations positively, potentially enhancing its exploration and development capabilities.

Cobre Limited Expands Drill Program at Ngami Copper Project Following Promising Results
Nov 23, 2025

Cobre Limited announced promising early results from its Cosmos Target drill program at the Ngami Copper Project in Botswana, indicating a potentially extensive high-grade copper and silver zone. The results have led to an expansion of the drill program to further assess the continuity and economic viability of the mineralization, which could enhance the company’s operational prospects and industry positioning.

Cobre Limited Expands Seismic Survey in Botswana’s Kalahari Copper Belt
Nov 17, 2025

Cobre Limited has extended its seismic survey to include the Ngami Copper Project (NCP) in Botswana, adding 37km to the ongoing 186km survey funded by BHP. This extension aims to enhance understanding of copper-silver mineralization and identify new potential deposits, with BHP funding the survey up to US$200k. The survey’s results are expected to provide valuable insights into geological and structural controls, potentially impacting Cobre’s operations and positioning in the copper mining industry.

Cobre Limited Announces Proposed Securities Issuance
Nov 17, 2025

Cobre Limited has announced a proposed issuance of securities, which includes 40,000,000 unlisted options and 40,000,000 ordinary fully paid shares. This move is part of a placement or another type of issue, with the proposed issue date set for November 18, 2025. The announcement indicates a strategic effort by Cobre Limited to potentially raise capital or expand its shareholder base, which could impact its market positioning and stakeholder interests.

Cobre Limited Secures Strategic Investment to Advance Ngami Copper Project
Nov 17, 2025

Cobre Limited has secured a strategic investment of A$4 million from Tribeca Investment Partners to accelerate the development of its Ngami In-Situ Copper Recovery Project in Botswana. This investment will fund well-field development and further exploration, positioning Cobre as a potential upcoming copper producer in the Kalahari Copper Belt. Tribeca will also serve as a strategic advisor for copper offtake and debt funding, enhancing Cobre’s operational capabilities and market positioning.

Cobre Limited Initiates Trading Halt for Strategic Placement Announcement
Nov 13, 2025

Cobre Limited has requested a trading halt on its securities pending an announcement regarding a strategic placement. This halt will last until the announcement is made or until normal trading resumes on November 18, 2025. The decision is aimed at ensuring fair trading conditions and transparency for stakeholders.

Cobre Limited Announces Quotation of New Securities on ASX
Nov 3, 2025

Cobre Limited announced the quotation of 190,103 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 3, 2025. This move is part of the company’s strategy to leverage convertible securities, potentially impacting its capital structure and offering new opportunities for stakeholders in the mining industry.

Cobre Limited Advances Copper Exploration with Strategic Partnerships and New Resource Estimates
Oct 30, 2025

Cobre Limited has entered into an investment agreement with Sinomine International Exploration for up to A$3 million, granting Sinomine the option to acquire a 70% interest in Cobre’s Okavango Project. Additionally, Cobre received USD$1,480,500 from BHP to further its exploration efforts on the Kitlanya Projects. The company announced a maiden mineral resource estimate for its Ngami Copper Project and secured environmental approvals in Botswana. Cobre also reported successful results from a copper cathode production program and commenced drilling at the Cosmos Target. The company is advancing its seismic surveys and drilling programs in collaboration with BHP, while relinquishing non-essential licenses in Australia.

Cobre Limited to Quote 1 Million New Shares on ASX
Oct 29, 2025

Cobre Limited has announced the issuance of 1,000,000 fully paid ordinary shares, which are set to be quoted on the Australian Securities Exchange (ASX) under the code CBE. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market positioning, offering stakeholders an opportunity to engage with the company’s growth trajectory.

Cobre Limited Issues 25 Million Shares to Bolster Growth
Oct 23, 2025

Cobre Limited announced the issuance of 25 million fully paid ordinary shares at $0.06 each as part of an agreement with Sinomine International Exploration. This move, compliant with the Corporations Act, is expected to enhance Cobre’s financial position and support its strategic growth initiatives, potentially impacting its market standing and stakeholder interests.

Cobre Limited Completes Agreement for New Securities Issuance
Oct 23, 2025

Cobre Limited has announced the completion of an agreement leading to the issuance of 25 million fully paid ordinary securities, which will be quoted on the ASX. This move signifies a strategic step for Cobre Limited, potentially enhancing its market presence and providing new opportunities for stakeholders.

Cobre Limited Secures Major Investment from Sinomine for Botswana Copper Project
Oct 23, 2025

Cobre Limited has announced the completion of a significant investment phase with Sinomine International Exploration, which has become a substantial shareholder by acquiring 25 million new shares for A$1.5 million. This investment will fund a targeted diamond drilling program at Cobre’s Okavango Copper Project in Botswana, aiming to explore new copper-silver deposits. The transaction marks the first phase of Sinomine’s investment, with options for further investment and potential acquisition of a majority interest in the project, indicating a strategic partnership that could enhance Cobre’s exploration capabilities and market position.

Cobre Limited Begins Exploration Drilling at Cosmos Target in Botswana
Oct 22, 2025

Cobre Limited has commenced exploration drilling at the Cosmos Target within its Ngami Copper Project in Botswana’s Kalahari Copper Belt. This initiative follows a review of drill core data and aims to explore high-grade copper-silver mineralization, potentially enhancing the company’s resource base for conventional mining and in-situ copper recovery. The drilling program is designed to assess the continuity of mineralization, which could have significant implications for Cobre’s operational strategy and industry positioning.

Cobre Limited Announces 2025 Annual General Meeting
Oct 17, 2025

Cobre Limited has announced its Annual General Meeting (AGM) scheduled for November 26, 2025, at the offices of Baker McKenzie in Sydney. The meeting will address various resolutions important to shareholders, with an accompanying Explanatory Memorandum providing additional details. This meeting is a significant event for stakeholders as it will discuss key resolutions that could impact the company’s future operations and strategic direction.

Cobre Limited Releases 2025 Corporate Governance Statement
Oct 15, 2025

Cobre Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is now available on their website. This statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting its commitment to transparency and accountability in management and oversight. The announcement underscores Cobre’s dedication to maintaining robust governance practices, which is crucial for its operations and stakeholder trust.

Cobre Limited Upholds ASX Governance Standards in FY2025
Oct 15, 2025

Cobre Limited has released its Corporate Governance Statement for the 2025 financial year, detailing its adherence to the ASX Corporate Governance Council’s principles and recommendations. The company has structured its governance practices according to the fourth edition of these recommendations, ensuring transparency and accountability in its operations. This statement highlights Cobre’s compliance with key governance principles, including the delineation of roles between the board and management, and the thorough vetting process for directors and senior executives. These efforts are aimed at maintaining stakeholder confidence and aligning with industry best practices.

Cobre Limited Releases 2025 Annual Report
Oct 14, 2025

Cobre Limited has released its annual report for 2025, highlighting its corporate governance practices and operational updates. The report, lodged with the ASX, underscores the company’s commitment to transparency and regulatory compliance, potentially strengthening its position in the market and reassuring stakeholders of its strategic direction.

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: Dec 30, 2025