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EV Resources Limited
(Sydney:EVR)
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Rating:44Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:Reiterated
Date:08/04/26
The score is held down primarily by weak financial performance, with sizable losses and ongoing negative free cash flow despite a revenue rebound and only moderate leverage. Valuation is also pressured by a negative P/E (loss-making) and no dividend yield data, while technicals cannot be assessed due to missing indicators.
Positive Factors
Sector focus (electrification/battery supply)
A clear strategic focus on minerals for electrification and battery supply chains aligns the company with multi-year structural demand from EVs and renewables. This positioning improves long-term project economics and partner interest as markets for battery inputs expand, supporting durable demand.
Negative Factors
Persistent negative cash flow
Consistent negative operating and free cash flow means the business cannot self-fund development and remains reliant on external capital. Over time this raises financing and dilution risk, constrains reinvestment, and can delay project timelines if new funding is intermittent or costly.
Read all positive and negative factors
Positive Factors
Negative Factors
Sector focus (electrification/battery supply)
A clear strategic focus on minerals for electrification and battery supply chains aligns the company with multi-year structural demand from EVs and renewables. This positioning improves long-term project economics and partner interest as markets for battery inputs expand, supporting durable demand.
Read all positive factors
EV Resources Limited (EVR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$12.16M
Dividend YieldN/A
Average Volume (3M)19.19M
Price to Earnings (P/E)―
Beta (1Y)1.76
Revenue GrowthN/A
EPS Growth-176.47%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,040,003,200
10 Day Avg. Volume9,134,837
30 Day Avg. Volume19,187,234
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)5.25
Price to Sales (P/S)50.69
P/FCF Ratio-20.65
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
EV Resources Limited Business Overview & Revenue Model
Company Description
EV Resources Limited, along with its subsidiaries, focuses on the exploration and development of various mineral properties. The company seeks out deposits containing a wide range of valuable resources, including gold, silver, copper, tin, lead, t...
How the Company Makes Money
EV Resources Limited’s primary way of making money is null. In general, for a pre-production mineral exploration and development company, potential revenue (when applicable) typically comes from one or more of the following: (1) sale of mined and ...
EV Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
23
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 267.11K | 267.11K | 0.00 | 0.00 | 15.72K | 0.00 |
| Gross Profit | 261.93K | 261.39K | -5.52K | -2.99K | 11.45K | -3.62K |
| EBITDA | -8.80M | -6.03M | -2.85M | -4.40M | -3.06M | -3.00M |
| Net Income | -10.33M | -6.32M | -3.39M | -5.22M | -2.34M | -3.03M |
Balance Sheet | ||||||
| Total Assets | 6.49M | 5.13M | 9.41M | 6.45M | 10.32M | 4.68M |
| Cash, Cash Equivalents and Short-Term Investments | 3.20M | 987.03K | 403.19K | 513.84K | 4.94M | 1.68M |
| Total Debt | 463.45K | 864.91K | 1.27M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 923.44K | 2.77M | 2.58M | 663.26K | 451.64K | 527.38K |
| Stockholders Equity | 6.01M | 2.58M | 7.18M | 5.94M | 9.87M | 4.13M |
Cash Flow | ||||||
| Free Cash Flow | -3.16M | -655.85K | -5.98M | -4.43M | -4.03M | -2.56M |
| Operating Cash Flow | -2.93M | -579.39K | -2.61M | -1.93M | -2.33M | -1.69M |
| Investing Cash Flow | 180.65K | -503.69K | -2.47M | -2.49M | -1.70M | -1.01M |
| Financing Cash Flow | 5.73M | 1.67M | 4.96M | 0.00 | 7.29M | 3.46M |
EV 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% | |
48 Neutral | AU$25.79M | -13.10 | -15.81% | ― | ― | 11.07% | |
46 Neutral | AU$21.72M | -0.62 | -104.93% | ― | ― | -100.00% | |
46 Neutral | AU$18.47M | -18.53 | -150.09% | ― | ― | 54.90% | |
44 Neutral | AU$12.16M | -0.85 | -240.74% | ― | ― | -176.47% | |
44 Neutral | AU$23.63M | -4.11 | -19.53% | ― | ― | -8.74% | |
43 Neutral | AU$26.03M | -3.80 | -5.94% | ― | -99.74% | -22.67% |
* Basic Materials Sector Average
AU:EVR
EV Resources Limited
0.01
<0.01
10.00%
AU:GRE
Greentech Metals Ltd.
0.06
>-0.01
-9.52%
AU:VML
Vital Metals Ltd
0.10
<0.01
5.26%
AU:AR3
Australian Rare Earths Limited
0.11
-0.01
-8.70%
AU:PAT
Patriot Lithium Ltd.
0.06
0.01
19.61%
AU:HTM
High-Tech Metals Limited
0.24
0.03
17.50%
EV Resources Limited Corporate Events
EV Resources Plans 10‑for‑1 Share Consolidation and Rebrand to Antimony Resources
Aug 3, 2026
EV Resources Limited has called a general meeting of shareholders for 2 September 2026 in Subiaco, Western Australia, setting 31 August 2026 as the record date to determine voting eligibility. The notice stresses the importance of the meeting for ...
EV Resources Launches Non-Renounceable Rights Issue to Fund Mexico Production Pathway
Aug 3, 2026
EV Resources Limited has commenced the despatch of a prospectus and entitlement and acceptance forms to eligible shareholders for a non-renounceable pro-rata rights issue. The offer allows shareholders to access documents electronically via the sh...
EV Resources launches partially underwritten entitlement offer
Jul 24, 2026
EV Resources Limited has released a prospectus for a pro-rata, non-renounceable entitlement offer, allowing existing shareholders to subscribe for one new share for every ten held at $0.005 per share, with one free attaching option for each new sh...
EV Resources Secures Full Sub-Underwriting for Pro Rata Capital Raising
Jul 24, 2026
EV Resources Ltd has updated its previously announced non-renounceable pro rata entitlement offer, noting that the underwriter has now entered into two separate sub-underwriting agreements covering the full underwritten amount. The move clarifies ...
EV Resources Secures Insider-Backed Sub-Underwriting for Antimony-Focused Rights Issue
Jul 23, 2026
EV Resources has detailed the sub-underwriting structure of its partially underwritten pro rata rights issue, which aims to raise up to about A$1.52 million through discounted new shares with free-attaching options. The first A$1 million remains u...
EV Resources Trims Potential Dilution as Rights and Options Lapse
Jul 22, 2026
EV Resources Ltd has announced the cessation of a substantial block of equity-linked securities, including 55 million performance rights and 20 million options, after the conditions required for their exercise were not met or became incapable of b...
EV Resources discloses final director interest as Michael Brown resigns
Jul 22, 2026
EV Resources Limited has advised the ASX that director Michael Brown ceased to be a director on 20 July 2026, triggering a final disclosure of his interests in the company’s securities. Brown directly holds 10,000,000 fully paid ordinary sha...
EV Resources Commissions Flotation Circuit at Mexican Antimony Plant
Jul 21, 2026
EV Resources has successfully commissioned and dry tested the flotation circuit at its Tecomatlán processing plant in Puebla, Mexico, marking a key step in its plan to produce marketable antimony concentrate. The flotation stage is the final ...
EV Resources Fast-Tracks Flotation-Led Antimony Hub at Tecomatlán
Jul 7, 2026
EV Resources has outlined a 10–12 month timeline to bring its Tecomatlán plant into full flotation-led operation using third-party ore, combining its previously staged gravity and flotation plans into a single build. The revised strateg...
EV Resources maps 1.1km antimony-gold corridor at Nevada projects
Jul 6, 2026
EV Resources has completed a maiden high-density soil geochemistry program at its 100%-owned Milton and Dollar projects in Nevada, defining coherent, structurally controlled mineral corridors directly over historic mine workings. The work confirms...
EV Resources Confirms High-Grade Antimony Continuity at Los Lirios Project
Jun 30, 2026
EV Resources has confirmed continuous zones of very high-grade antimony at its Los Lirios project in Mexico through systematic underground channel sampling across four historical World War II-era mine workings. The work shows antimony hosted in a ...
EV Resources pivots to flotation-led antimony processing at Tecomatlán
Jun 23, 2026
EV Resources Limited has validated a flotation-led processing route for its Tecomatlán Plant in Mexico, with independent test work on Chinantla antimony ore showing recoveries of about 81% and concentrate grades up to 62.9% Sb, significantly ...
EV Resources Sets Maiden Exploration Target at Strategically Placed Los Lirios Antimony Project
Jun 21, 2026
EV Resources has defined a maiden exploration target of 1.8–5.0 million tonnes containing 70–166 kilotonnes of antimony at its Los Lirios project in Mexico, spanning three zones that include shallow carbonate replacement mineralisation...
EV Resources Secures Major Antimony Feedstock Pipeline for Tecomatlán Plant
Jun 1, 2026
EV Resources has signed four non-binding memorandums of understanding with regional antimony miners in Mexico, securing potential feedstock of 2,330 to 2,430 tonnes per month for its Tecomatlán plant, equal to roughly 50% to 60% of nameplate ...
EV Resources Confirms Shallow Bulk-Tonnage Antimony System at Los Lirios
May 11, 2026
EV Resources has reported initial assay results from its maiden diamond drilling program at the Lirios 1 target within the Los Lirios Antimony project in Mexico, confirming a broad, shallow carbonate replacement system with antimony mineralisation...
EV Resources details North American antimony push in new corporate presentation
May 5, 2026
EV Resources Limited has released a corporate presentation ahead of the RIU Resources Round-Up in May 2026, outlining its strategy to advance high-grade antimony projects toward near-term production in North America. The document emphasizes that t...
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.