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CZR Resources Ltd (AU:CZR)
ASX:CZR
Australian Market

CZR Resources Ltd (CZR) AI Stock Analysis

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AU:CZR

CZR Resources Ltd

(Sydney:CZR)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
AU$0.35
▼(-23.70% Downside)
The score is primarily weighed down by very weak financial performance (minimal revenue, recurring losses, and ongoing cash burn), which creates continued funding risk despite modest leverage. Technicals are mixed: near-term trend is bearish, but oversold readings provide some counterbalance. Valuation offers limited insight due to negative earnings and no dividend data.
Positive Factors
Project pipeline in Western Australia
CZR's asset focus on iron ore and gold in Western Australia provides durable strategic optionality: mineral-rich jurisdiction, potential for scale if deposits prove economic, and attraction for JV/partnering. Advancing deposits via drilling and studies can create long-term value if executed.
Low financial leverage
Modest debt levels give CZR structural financial flexibility versus heavily leveraged peers: lower interest burden and reduced bankruptcy risk. This improves the company's ability to pursue exploration or secure project financing without immediate pressure from high fixed obligations.
Improving cash burn trend
A reduction in free cash flow burn across recent years indicates progress toward tighter cost control or milestone-driven spending, extending runway absent immediate funding. If sustained, this improves execution prospects and reduces frequency/size of dilutive raises.
Negative Factors
No meaningful revenue base
With little-to-no revenue, CZR remains a pre-revenue exploration entity. This structural absence of sales means the business cannot self-fund operations, raising persistent dependence on external capital and increasing execution risk until commercial production or a transaction occurs.
Persistent operating losses
Continued large operating losses erode capital and limit reinvestment ability. Structurally negative margins make it hard to demonstrate a path to profitability to partners or lenders, increasing cost of capital and likelihood of dilutive financing to sustain exploration and development activity.
Equity erosion and financing risk
Sharp declines in equity reduce the balance-sheet buffer and signal value loss from operating deficits. This heightens the probability of equity raises or asset sales, increasing dilution risk and potentially constraining the firm's ability to negotiate favorable partner or financing terms over the medium term.

CZR Resources Ltd (CZR) vs. iShares MSCI Australia ETF (EWA)

CZR Resources Ltd Business Overview & Revenue Model

Company DescriptionCZR Resources Ltd explores for mineral properties in Australia. It primarily explores for iron ore, gold, copper, and vanadiferous magnetite deposits, as well as base metal, such as lead, zinc, and silver. The company holds 85% interests in the Yarraloola project situated in the West Pilbara; and the Buddadoo project covering an area of 303 square kilometers located in the mid-west of Western Australia. It also holds 70% interests in the Shepherds Well project covering an area of 77 square kilometers situated in the south-west of Karratha; the Croydon Project that covers an area of 320 square kilometers located in the south-east of Karratha; and the Yarrie project that includes six granted exploration licenses covering an area of 360 square kilometers located to the east of Port Hedland. The company was formerly known as Coziron Resources Limited and changed its name to CZR Resources Ltd in September 2020. CZR Resources Ltd was incorporated in 2005 and is based in West Perth, Australia.
How the Company Makes MoneyCZR Resources Ltd generates revenue primarily through the exploration and potential development of mineral deposits, particularly iron ore and gold. The company seeks to increase its asset value by advancing its projects through the stages of exploration, resource definition, and feasibility studies, eventually leading to mining operations. CZR may enter into joint ventures or partnerships with larger mining companies to gain access to additional capital and expertise, which can enhance project development and lead to revenue generation through royalties, sales, and potential production. Additionally, the company may raise funds through equity offerings to finance its exploration activities and project development, which could contribute indirectly to its long-term revenue prospects.

CZR Resources Ltd Financial Statement Overview

Summary
Financial profile is very weak: revenue is effectively nonexistent (2025 revenue 0), losses are persistent with deeply negative EBIT/EBITDA, and cash flow remains materially negative (2025 FCF about -3.7M). Balance sheet leverage is modest, but equity declined sharply and returns on equity are mostly negative, signaling ongoing value erosion and financing/dilution risk.
Income Statement
10
Very Negative
Operating performance remains very weak, with no meaningful revenue base in most years (2025 revenue was 0 after a small 2024 contribution). Losses are persistent and large, with EBIT and EBITDA deeply negative each year and a sizable 2025 net loss (vs. a one-off-looking profit in 2024). Overall trajectory reflects a pre-revenue/early-stage profile with limited visibility to sustainable profitability.
Balance Sheet
46
Neutral
Leverage is modest, with low debt relative to equity in 2025 (about 0.17) and historically minimal debt. However, equity has declined sharply from 2024 to 2025, and returns on equity are negative in most years (materially negative in 2025), highlighting ongoing value erosion from losses. Asset base is present, but profitability and equity momentum are key balance-sheet risks.
Cash Flow
18
Very Negative
Cash generation is consistently negative, with operating cash flow and free cash flow outflows every year shown, including ~-3.7M in 2025. While free cash flow burn improved versus 2024 and 2023, the business still does not fund itself internally, implying continued reliance on financing. Cash flow remains the main pressure point despite some short-term improvement.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue73.000.00792.000.000.000.00
Gross Profit-10.15K-10.15K792.00-20.11K-14.10K-11.15K
EBITDA-3.38M-3.62M-4.37M-7.09M-5.79M-3.97M
Net Income-18.81M-18.81M10.49M-7.11M-5.80M-3.98M
Balance Sheet
Total Assets14.38M14.38M42.64M16.43M16.78M18.77M
Cash, Cash Equivalents and Short-Term Investments187.91K187.91K588.83K2.17M3.12M5.12M
Total Debt1.50M1.50M0.000.000.000.00
Total Liabilities5.51M5.51M15.07M909.57K775.75K346.20K
Stockholders Equity8.87M8.87M27.57M15.52M16.00M18.42M
Cash Flow
Free Cash Flow-3.68M-3.68M-3.46M-6.23M-5.20M-3.88M
Operating Cash Flow-3.68M-3.68M-3.46M-6.23M-5.16M-3.88M
Investing Cash Flow-80.00K-80.00K888.91K-155.00K-56.65K-43.15K
Financing Cash Flow3.36M3.36M991.67K5.43M3.22M4.39M

CZR Resources Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.46
Price Trends
50DMA
0.41
Negative
100DMA
0.36
Negative
200DMA
0.30
Positive
Market Momentum
MACD
-0.02
Positive
RSI
31.10
Neutral
STOCH
21.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CZR, the sentiment is Negative. The current price of 0.46 is above the 20-day moving average (MA) of 0.42, above the 50-day MA of 0.41, and above the 200-day MA of 0.30, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 31.10 is Neutral, neither overbought nor oversold. The STOCH value of 21.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CZR.

CZR Resources Ltd 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$374.33M-35.48-27.95%-43.08%
49
Neutral
AU$108.41M-19.17-12.09%81.03%
48
Neutral
AU$82.61M-4.27-103.22%-278.88%
48
Neutral
AU$84.78M158.000.85%-16.97%-94.15%
45
Neutral
AU$92.26M-13.9954.26%
45
Neutral
AU$114.26M-0.41-116.31%-414.88%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CZR
CZR Resources Ltd
0.34
0.18
106.06%
AU:MTH
Mithril Resources Ltd
0.44
0.05
14.47%
AU:MSV
Mitchell Services Limited
0.40
0.05
14.49%
AU:HAS
Hastings Technology Metals Limited
0.50
0.20
67.79%
AU:TGN
Tungsten Mining NL
0.33
0.24
275.00%
AU:GBR
Great Boulder Resources Ltd
0.09
0.04
91.67%

CZR Resources Ltd Corporate Events

CZR Resources Updates Market on Managing Director’s Revised Equity Holding
Jan 23, 2026

CZR Resources Ltd has disclosed a change in Managing Director Stefan Murphy’s security holdings following the vesting and partial cash settlement of performance rights. Murphy disposed of 700,000 performance rights expiring 30 November 2027, with half settled in cash by the company and the remaining 350,000 converted into fully paid ordinary shares, increasing his direct shareholding to 1,526,472 shares while maintaining his longer-dated performance rights and options structure. The transaction reflects the execution of an incentive mechanism previously approved by shareholders, aligning executive remuneration with equity performance and further tying the director’s interests to the company’s long-term share price outcomes.

The most recent analyst rating on (AU:CZR) stock is a Hold with a A$0.43 price target. To see the full list of analyst forecasts on CZR Resources Ltd stock, see the AU:CZR Stock Forecast page.

CZR Resources Cancels 350,000 Performance Rights in Capital Structure Update
Jan 23, 2026

CZR Resources Ltd has notified the ASX of the cessation of 350,000 performance rights (security code CZRAN) effective 23 January 2026, as part of an update to its issued capital structure. The removal of these performance rights, recorded under an “other” category for the reason of cessation, modestly adjusts the company’s capital base and may reflect changes to executive or employee incentive arrangements, with limited immediate operational impact but relevance for shareholders tracking dilution and capital management.

The most recent analyst rating on (AU:CZR) stock is a Hold with a A$0.43 price target. To see the full list of analyst forecasts on CZR Resources Ltd stock, see the AU:CZR Stock Forecast page.

CZR Resources Seeks ASX Quotation for 350,000 New Shares
Jan 23, 2026

CZR Resources Ltd has applied to the ASX for quotation of 350,000 new fully paid ordinary shares, with an issue date of 23 January 2026. The securities arise from the exercise or conversion of existing options or other convertible instruments, modestly increasing the company’s quoted share capital and reflecting ongoing utilisation of equity-based funding mechanisms by stakeholders.

The most recent analyst rating on (AU:CZR) stock is a Hold with a A$0.43 price target. To see the full list of analyst forecasts on CZR Resources Ltd stock, see the AU:CZR Stock Forecast page.

CZR Resources Advances Croydon Gold and Edamurta Copper Drilling on Strong Cash Base
Jan 14, 2026

CZR Resources has completed its first major drilling campaign in five years at the Croydon gold project’s Top Camp prospect, executing 22 reverse circulation holes over 3,885 metres to infill and extend known high-grade mineralisation in the Mallina Basin, with assay results expected in February 2026 and a follow-up drilling phase planned for the first quarter to test strike and depth extensions. At the Edamurta copper project, where recent heritage surveys have cleared EM conductor targets beneath copper and zinc gossans, drilling is scheduled to commence this quarter, positioning CZR to advance both gold and base metal exploration while underpinned by a cash balance of $67.3 million at 31 December 2025.

The most recent analyst rating on (AU:CZR) stock is a Hold with a A$0.47 price target. To see the full list of analyst forecasts on CZR Resources Ltd stock, see the AU:CZR Stock Forecast page.

CZR Resources to Present at Resources Rising Stars Summer Series
Dec 2, 2025

CZR Resources Ltd announced that its Managing Director, Stefan Murphy, will present at the Resources Rising Stars Summer Series Conferences in Sydney and Melbourne. This participation marks a significant step in the company’s ongoing efforts to engage with investors and stakeholders, highlighting its recent achievements and future growth plans. The event will provide a platform for CZR Resources to showcase its strategic direction following the completion of a $75 million cash sale of Robe Mesa, positioning the company for rapid growth.

CZR Resources Announces Director’s Interest Change
Nov 28, 2025

CZR Resources Ltd announced a change in the director’s interest, specifically involving Stefan Murphy, who disposed of 700,000 Performance Rights expiring in November 2027. This transaction resulted in a cash settlement of $248,920, reflecting the company’s adherence to mechanisms approved by shareholders during the 2024 Annual General Meeting. The change in director’s interest highlights the company’s ongoing management of executive compensation and performance incentives, which could impact stakeholder perceptions and the company’s operational focus.

CZR Resources Announces Change in Director’s Interest
Nov 27, 2025

CZR Resources Ltd has announced a change in the director’s interest, specifically regarding Russell Clark’s holdings. The company has issued incentive securities to the director, which were approved at the company’s Annual General Meeting. This change involves the acquisition of performance rights and options, enhancing the director’s stake in the company. The issuance of these securities is a strategic move to align the director’s interests with the company’s long-term goals, potentially impacting the company’s governance and stakeholder confidence.

CZR Resources Ltd Issues New Unquoted Equity Securities
Nov 27, 2025

CZR Resources Ltd announced the issuance of unquoted equity securities, including 520,000 performance rights and 200,000 options, as part of their strategic financial maneuvers. This move could potentially impact the company’s operational flexibility and market positioning by providing additional financial instruments to incentivize stakeholders and align interests with company performance.

CZR Resources Ltd Issues Director Performance Rights and Options
Nov 27, 2025

CZR Resources Ltd announced the issuance of unquoted equity securities, including 4,680,000 Director Performance Rights and 6,000,000 Director Options, as part of its strategic initiatives. This move is likely to impact the company’s operational dynamics by aligning the interests of its directors with long-term performance goals, potentially strengthening its industry positioning and stakeholder confidence.

CZR Resources Initiates Major Drilling at Croydon Gold Project
Nov 26, 2025

CZR Resources Ltd has commenced a reverse circulation (RC) drilling program at the Top Camp prospect within its Croydon Gold Project. This marks the first major drilling initiative in five years, aiming to infill and extend known mineralization and explore new targets. The recent geological mapping and heritage clearance approvals have facilitated this expansion, potentially enhancing the project’s value and positioning CZR Resources as a significant player in the gold exploration sector.

CZR Resources Director Increases Stake Through Option Exercise
Nov 24, 2025

CZR Resources Ltd announced a change in the director’s interest, with Stefan Murphy exercising options to acquire additional fully paid ordinary shares. This change reflects a shift in the director’s holdings, potentially indicating confidence in the company’s future prospects and impacting stakeholder perceptions of the company’s stability and growth potential.

CZR Resources Ltd Announces Director’s Interest Change
Nov 9, 2025

CZR Resources Ltd has announced a change in the director’s interest, specifically involving Stefan Murphy. The notice details the exercise and cash settlement of options, as well as the expiration of certain options. This change reflects the company’s ongoing management of its securities and could impact its financial structuring and stakeholder interests.

CZR Resources Ltd Announces Expiry of Securities Options
Nov 9, 2025

CZR Resources Ltd announced the cessation of certain securities, specifically options that expired without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.

CZR Resources to Launch Major Drilling at Croydon Gold Project
Nov 6, 2025

CZR Resources Ltd has announced the commencement of a major drilling program at its Croydon gold project, marking the first such initiative in five years. With heritage clearance received, the company is set to conduct infill and extensional RC drilling at the Top Camp and Bottom Camp prospects. The project aims to expand known mineralization and explore for Hemi-style intrusions, with the potential to significantly enhance the company’s gold assets. The drilling program is fully funded, following the recent sale of CZR’s Robe Mesa iron ore asset, and is expected to continue through the end of the year and into 2026.

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