Carbine Resources Limited (AU:CRB)
ASX:CRB
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Carbine Resources Limited
(Sydney:CRB)
Select Model
Select Model
Rating:43Neutral
Price Target:―
Action:ReiteratedDate:04/09/26
The score is primarily held down by weak financial performance—no durable revenue base, sustained losses, and ongoing negative free cash flow. A debt-free balance sheet provides some risk mitigation, but negative earnings also weaken valuation signals, and limited technical data prevents adding trend-based support.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure removes interest expense and materially lowers solvency risk for an exploration firm. This durable financial flexibility extends runway, reduces bankruptcy risk, and makes future project financing or restructuring less constrained by fixed obligations.
Negative Factors
Revenue collapse
A complete absence of revenue in 2025 removes any internal funding source and signals no durable operating cash generation. For an exploration/development company, this shifts survival dependence to external capital or asset sales, raising execution risk for long-term project development.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt capital structure removes interest expense and materially lowers solvency risk for an exploration firm. This durable financial flexibility extends runway, reduces bankruptcy risk, and makes future project financing or restructuring less constrained by fixed obligations.
Read all positive factors
Carbine Resources Limited (CRB) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.15M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding1,191,865,700
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
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
Carbine Resources Limited Business Overview & Revenue Model
Company Description
Carbine Resources Limited engages in the exploration, evaluation, and development of mineral properties in Australia. It holds a 100% interest in the Muchea West silica sand project located to the northeast of Perth. Carbine Resources Limited was ...
How the Company Makes Money
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Carbine Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 31.66K | 59.46K | 26.34K | 11.67K |
| Gross Profit | 0.00 | -1.45K | 59.46K | 23.23K | 7.73K |
| EBITDA | -751.58K | -925.16K | -1.29M | -1.48M | -1.77M |
| Net Income | -735.76K | -926.62K | -1.29M | -1.49M | -1.77M |
Balance Sheet | |||||
| Total Assets | 9.97M | 8.95M | 9.77M | 9.83M | 11.61M |
| Cash, Cash Equivalents and Short-Term Investments | 1.47M | 451.47K | 1.27M | 2.34M | 3.65M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 55.75K | 56.87K | 47.43K | 106.01K | 388.87K |
| Stockholders Equity | 9.91M | 8.90M | 9.72M | 9.73M | 11.22M |
Cash Flow | |||||
| Free Cash Flow | -729.50K | -816.48K | -1.08M | -1.01M | -2.41M |
| Operating Cash Flow | -729.50K | -816.48K | -1.08M | -1.01M | -1.91M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | -299.23K | 1.17M |
| Financing Cash Flow | 1.75M | 0.00 | 0.00 | -1.28K | 2.80M |
Carbine Resources Limited 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% | |
46 Neutral | AU$6.18M | -3.07 | -55.63% | ― | ― | -66.67% | |
46 Neutral | AU$6.21M | -2.23 | -41.79% | ― | ― | -18.18% | |
43 Neutral | AU$7.15M | -4.04 | -8.33% | ― | ― | ― | |
43 Neutral | AU$7.03M | -0.67 | -16.54% | ― | ― | 54.74% | |
43 Neutral | AU$7.98M | -1.15 | -373.61% | ― | ― | 19.94% | |
42 Neutral | AU$7.23M | -2.49 | -49.11% | ― | ― | 50.00% |
* Basic Materials Sector Average
AU:CRB
Carbine Resources Limited
―
―
―
AU:COY
Coppermoly Limited
0.01
>-0.01
-28.57%
AU:MTL
Caeneus Minerals Limited
―
―
―
AU:RCR
Rincon Resources Ltd.
0.02
<0.01
38.46%
AU:CDT
Castle Minerals Limited
0.05
-0.01
-23.33%
AU:RNX
Renegade Exploration Limited
―
―
―
Carbine Resources Limited Corporate Events
Carbine Resources Updates ASX Corporate Governance Disclosures for 2025
Mar 31, 2026
Carbine Resources Limited has lodged its updated corporate governance statement for the year ended 31 December 2025, confirming that it appears in the company’s latest annual report and is current as of 31 March 2026. The filing, made alongs...
Carbine Resources Releases 2025 Annual Report
Mar 31, 2026
Carbine Resources Limited has released its Annual Report for the year ended 31 December 2025, detailing a review of operations, an updated mineral resource statement and its audited financial statements. The report also covers the directors’...
Carbine Advances Approvals and Planning Across High-Purity Silica Sand Portfolio
Jan 30, 2026
Carbine Resources reported that regulatory and approvals work continued at its flagship Muchea West Silica Sand Project in the December 2025 quarter, with discussions advancing with government departments, the Department of Defence and the Whadjuk...
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.