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BlackEarth Minerals NL (AU:EVG)
ASX:EVG
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BlackEarth Minerals NL (EVG) AI Stock Analysis

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AU:EVG

BlackEarth Minerals NL

(Sydney:EVG)

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Neutral 53 (OpenAI - 4o)
Rating:53Neutral
Price Target:
AU$0.00
▼(-100.00% Downside)
The overall stock score is primarily influenced by financial performance challenges, including profitability and cash flow issues, despite revenue growth. Technical analysis shows positive momentum, but valuation concerns due to a negative P/E ratio and lack of dividends weigh on the score.

BlackEarth Minerals NL (EVG) vs. iShares MSCI Australia ETF (EWA)

BlackEarth Minerals NL Business Overview & Revenue Model

Company DescriptionBlackEarth Minerals NL (EVG) is an Australian mineral exploration and development company focused on the extraction and processing of high-quality mineral resources. The company primarily operates in the mining sector, with a particular emphasis on graphite and other critical minerals essential for various industries, including renewable energy, electric vehicles, and technology. BlackEarth aims to establish itself as a key player in the sustainable production of these minerals, leveraging advanced technology and environmentally responsible practices.
How the Company Makes MoneyBlackEarth Minerals generates revenue through the exploration, development, and production of graphite and other minerals. Their revenue model is based on the sale of processed graphite and potentially other mineral products to industrial clients and manufacturers, particularly in the battery and automotive sectors. Key revenue streams include the direct sale of mined minerals, long-term supply agreements with strategic partners, and potential joint ventures that leverage their mineral assets. The company is also focused on establishing partnerships with manufacturers in the renewable energy and electric vehicle industries, which are projected to drive demand for their products. Additionally, government grants and incentives aimed at promoting sustainable mineral production may also contribute to their financial stability.

BlackEarth Minerals NL Financial Statement Overview

Summary
BlackEarth Minerals NL is experiencing significant financial difficulties with declining revenues, negative profit margins, and consistent losses. The company maintains a strong equity position with minimal debt, but operational inefficiencies are eroding shareholder value. Cash flow issues further highlight the need for strategic changes to improve liquidity and profitability.
Income Statement
45
Neutral
The company has experienced declining revenues from 2020 to 2024, with total revenue dropping to zero in 2024. The gross profit margin is negative due to costs exceeding revenues. Net profit margins are consistently negative, suggesting ongoing losses. There is no revenue growth, and EBIT and EBITDA margins are negative, indicating operational inefficiencies and challenges in achieving profitability.
Balance Sheet
55
Neutral
The company maintains a strong equity position with a very low level of debt, resulting in a low debt-to-equity ratio. The equity ratio is healthy, with substantial stockholders' equity in comparison to total assets. However, the company has been losing equity over recent years due to sustained losses, impacting return on equity, which remains negative.
Cash Flow
40
Negative
Free cash flow has been consistently negative, indicating challenges in generating cash from operations. The operating cash flow to net income ratio is negative, highlighting inefficiencies in converting income into operating cash. There is a pattern of negative free cash flow growth, reflecting difficulties in improving liquidity through core operations.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue149.88K149.88K107.88K90.89K86.44K86.63K
Gross Profit130.81K149.88K-18.10K73.97K73.80K77.18K
EBITDA-3.02M-3.02M-3.30M-4.10M-3.43M-3.56M
Net Income-3.69M-3.69M-3.21M-3.57M-3.44M-3.45M
Balance Sheet
Total Assets8.90M8.90M9.78M11.90M11.82M7.49M
Cash, Cash Equivalents and Short-Term Investments1.03M1.03M1.95M4.30M5.81M6.57M
Total Debt65.69K65.69K75.17K0.000.000.00
Total Liabilities788.25K788.25K710.87K620.79K998.36K576.20K
Stockholders Equity8.11M8.11M9.07M11.28M10.82M6.92M
Cash Flow
Free Cash Flow-2.41M-2.41M-2.34M-3.77M-7.63M-2.31M
Operating Cash Flow-2.17M-2.17M-2.15M-2.23M-3.05M-2.30M
Investing Cash Flow-758.92K-758.92K-194.70K-2.48M-4.58M-8.49K
Financing Cash Flow2.01M2.01M-13.82K3.18M6.87M7.74M

BlackEarth Minerals NL Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.04
Price Trends
50DMA
0.03
Positive
100DMA
0.03
Positive
200DMA
0.02
Positive
Market Momentum
MACD
<0.01
Negative
RSI
68.87
Neutral
STOCH
105.88
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EVG, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 68.87 is Neutral, neither overbought nor oversold. The STOCH value of 105.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:EVG.

BlackEarth Minerals NL Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$10.43B7.12-0.05%2.87%2.86%-36.73%
AU$10.98M-42.91%-4.35%
AU$35.16M-8.54-5.81%-67.81%-244.10%
AU$9.11M-0.48-119.49%-405.06%
AU$7.53M-1.22-74.67%71.25%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EVG
BlackEarth Minerals NL
0.04
0.01
33.33%
AU:TON
Triton Minerals Limited
0.01
0.00
0.00%
AU:EV1
Evolution Energy Minerals Limited
0.01
-0.02
-66.67%
AU:INF
Infinity Lithium Corporation Limited
0.02
>-0.01
-33.33%
AU:VML
Vital Metals Ltd
0.21
0.15
250.00%

BlackEarth Minerals NL Corporate Events

Evion Group NL Advances Graphite Projects with Strategic Developments
Oct 29, 2025

Evion Group NL has provided a quarterly update highlighting its ongoing progress in the graphite sector, including developments in its Maniry Graphite Project in Madagascar and joint ventures in India. The company continues to advance its operations with strategic partnerships and has received recognition for its projects, which are expected to enhance its market position and growth prospects.

Evion Group to Host Investor Webinar on Recent Developments
Oct 27, 2025

Evion Group NL, a company listed on the Australian Securities Exchange under the ticker EVG, is hosting an investor webinar to update stakeholders on its progress over the September quarter. The webinar, led by Managing Director David Round, will cover the company’s recent developments, including a placement led by Atlas Strategic Assets Inc., a USA-based critical minerals resources group, and will feature a Q&A session for participants.

Evion Group Announces 2025 Annual General Meeting Details
Oct 24, 2025

Evion Group NL, listed on the Australian Securities Exchange under the code EVG, has announced its upcoming Annual General Meeting (AGM) of shareholders. The meeting is scheduled to take place in person on November 24, 2025, in Perth, Western Australia. Shareholders are encouraged to participate, and details about the meeting, including the Notice of Meeting and Explanatory Memorandum, are available online. The company has also provided information on how shareholders can vote by proxy and access meeting-related materials. This announcement highlights the company’s commitment to engaging with its shareholders and ensuring transparency in its operations.

Evion Group NL Announces Proposed Securities Issue
Oct 23, 2025

Evion Group NL has announced a proposed issue of 109,794,168 ordinary fully paid securities, with the issue date set for October 29, 2025. This move is part of a placement or other type of issue, which could potentially impact the company’s market presence and stakeholder interests by increasing its capital base.

Evion Group Secures $2.3 Million Investment for Graphite Expansion
Oct 23, 2025

Evion Group NL has successfully raised approximately $2.3 million through a share placement led by Atlas Strategic Assets Inc. The funds will be used to expand Evion’s graphite production facilities in India and potentially develop a similar plant in the USA, enhancing its supply chain for industrial and defense applications. This investment highlights the strategic importance of Evion’s operations and its potential to strengthen supply chains in the United States.

Evion Group Welcomes International Support for Madagascar’s New Leadership
Oct 19, 2025

Evion Group Ltd has welcomed the international support for Madagascar’s new President, Michael Randrianrina, as it seeks to advance its Maniry Graphite Project. The company has received assurance that a €3,000,000 EU grant for development and training is on track, signaling strong backing for its operations. Additionally, Evion is expanding its operations in India and securing new supply agreements with international buyers, reflecting a strategic shift in global graphite supply chains away from China.

Evion Group Secures EU Funding for Maniry Graphite Project
Oct 10, 2025

Evion Group has made significant progress in securing EU grant funding for its Maniry Graphite Project in Madagascar. The company has received its first tranche of funding to commence staff training, with further applications in process for additional financial support from the European Investment Bank and KfW Development Bank. This funding is expected to expedite the project’s development and strengthen Evion’s position as a key graphite supplier to the EU.

Evion Group NL Announces Upcoming AGM and Director Nomination Deadline
Oct 1, 2025

Evion Group NL, listed on the ASX under the ticker EVG, has announced the scheduling of its next Annual General Meeting (AGM) to occur on or after November 20, 2025. The company has also set October 8, 2025, as the deadline for receiving nominations for director elections, emphasizing the importance of timely submissions to be considered. This announcement is part of Evion’s compliance with ASX Listing Rules and its Constitution, ensuring transparency and engagement with its shareholders.

Evion Group NL Unaffected by Madagascar Protests, Continues Graphite Project Development
Oct 1, 2025

Evion Group NL has reported that recent youth-led protests in Madagascar have not impacted its operations or engagement with government stakeholders. The Malagasy Government is taking steps to address the concerns raised by student groups, and the protests have largely subsided. Evion’s Managing Director, David Round, is set to meet with senior Malagasy Government officials, along with representatives from the European Union and the World Bank, to finalize permits and approvals for the Maniry Graphite Project, ensuring its continued development.

Evion Group NL Releases 2025 Corporate Governance Statement
Sep 26, 2025

Evion Group NL has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting their commitment to transparency and accountability in management and oversight.

BlackEarth Minerals NL Releases Annual Financial Report
Sep 26, 2025

BlackEarth Minerals NL has released its annual financial report, detailing the company’s financial performance over the past year. The report includes comprehensive financial statements and notes, providing insights into the company’s profitability, financial position, and cash flows, which are crucial for stakeholders to assess the company’s financial health and strategic direction.

Evion Group NL Lifts Trading Halt After Capital Raise Decision
Sep 25, 2025

Evion Group NL, listed on the ASX under the code EVG, had previously requested a trading halt on its securities due to a potential capital raise. The company has now decided not to proceed with the capital raise and has requested the trading halt to be lifted, indicating no further information is necessary for the market.

Evion Group NL Initiates Trading Halt Ahead of Capital Raise Announcement
Sep 23, 2025

Evion Group NL, listed on the Australian Securities Exchange, has requested a trading halt on its securities pending an announcement related to a capital raise. This move is aimed at managing its continuous disclosure obligations and is expected to involve details about funding and government support. The halt will remain until the announcement is made or normal trading resumes on 25 September 2025, whichever comes first.

Evion Group Sees Rising Demand for Expandable Graphite Amid Global Supply Shortages
Sep 18, 2025

Evion Group has announced strong growth in demand for its expandable graphite products, particularly in the United States and Asia. The company has successfully completed its first shipment to the USA and is expanding its market presence in Asia, where it has conducted successful product testing with new buyers. The demand surge is driven by supply shortages and a need for non-Chinese sources of critical minerals. Evion is advancing its Stage 2 expansion plans to meet this growing demand, which will further solidify its market position and support its global supply chain strategy.

Evion Group NL Announces Strategic Developments in Graphite Projects
Sep 4, 2025

Evion Group NL has announced updates on its various projects, including the Maniry Graphite Project and its joint ventures in India. The company is poised for growth with significant developments in Madagascar and India, which are expected to enhance its market position and potentially increase revenue, benefiting stakeholders and reinforcing its industry standing.

Evion Group Issues Shares for Advisory Fees
Sep 1, 2025

Evion Group NL has issued 4,177,215 shares at $0.0316 per share as part of payment for advisory fees to a Corporate Adviser. This move, announced under section 708A(5)(e) of the Corporations Act, allows the shares to be sold without a disclosure document, adhering to the legal exemptions. The company confirms compliance with relevant provisions of the Corporations Act, ensuring transparency and legal adherence, which may impact stakeholder confidence positively.

Evion Group NL Ships First Expandable Graphite to USA Amid Rising Global Demand
Aug 28, 2025

Evion Group NL has successfully completed its first shipment of expandable graphite to the USA from its joint venture in Pune, India, generating A$400,000. This milestone reflects the growing demand for non-Chinese sources of critical minerals, particularly in the USA and Europe, as global supply chains face shortages. The company’s strategic positioning and ongoing negotiations for future supply agreements are expected to bolster its financial returns and support its planned Stage 2 upgrade, ensuring a stable supply of graphite to meet rising global demands.

Evion Group Advances Maniry Graphite Project with EU Support
Aug 21, 2025

Evion Group Ltd has made significant progress in the development of its Maniry Graphite Project, receiving community support and potential EU grant funding for early-stage development and training. The company is engaging with European electric vehicle manufacturers to secure supply agreements and is in discussions with potential funding partners to support the project’s capital requirements. Evion is also working on updating its Battery Anode Manufacturing Scoping Study to meet European demand, with positive feedback from the Maniry community and the Madagascar Government, potentially fast-tracking permit approvals.

Evion Group NL Advances Global Graphite Supply Initiatives
Aug 5, 2025

Evion Group NL is advancing its operations with significant progress in its Maniry Graphite Project in Madagascar, which has been recognized for its global benefits and strategic importance by the European Union. The company is also involved in a joint venture for downstream graphite processing in India, with maiden shipments underway, indicating a promising growth trajectory in the graphite supply chain.

Evion Group to Host Quarterly Investor Webinar on Graphite Projects
Aug 1, 2025

Evion Group NL, listed on the ASX under the ticker EVG, is hosting a quarterly investor webinar to update stakeholders on its progress and future activities related to its graphite projects. The webinar, led by Managing Director David Round, will provide insights into the company’s operations over the June quarter and discuss upcoming initiatives, with a Q&A session to address participant queries.

Evion’s Maniry Graphite Project Gains EU Strategic Status, Secures Major US Order
Jul 31, 2025

Evion, a joint venture partner of BlackEarth Minerals NL, has received strategic project designation from the European Union for its Maniry Graphite Project in Madagascar, marking it as the only graphite project in Africa to achieve this status. This recognition under the EU’s Critical Raw Materials Act is expected to expedite regulatory processes, enhance financing opportunities, and improve positioning with strategic stakeholders, thereby reinforcing its role in the EU’s critical minerals supply chain. Additionally, Evion has secured a significant order from a major US-based graphite supply chain company, expected to generate substantial revenue in the upcoming quarter.

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: Oct 29, 2025