Great Boulder Resources Ltd (AU:GBR)
ASX:GBR
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Great Boulder Resources Ltd
(Sydney:GBR)
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Rating:45Neutral
Price Target:
AU$0.08
â–¼(-7.78% Downside)
Action:Reiterated
Date:03/13/26
The score is primarily held back by weak financial performance—ongoing losses and negative operating/free cash flow—despite strong revenue growth and a low-leverage balance sheet. Technicals are mixed with neutral momentum, while valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Revenue Growth
A 55.3% revenue increase signals improving operational activity and asset progress at the exploration stage. Durable impact: stronger top-line momentum can improve partner interest, enable larger JV/farm-in deals, and support continued funding of drilling and delineation programs over the next 2–6 months.
Negative Factors
Negative Profitability
Material negative margins show the company is not yet converting activity into profits. For an exploration firm, persistent unprofitable operations increase reliance on external capital and raise the risk that expenditures fail to translate into resource value or attractive JV terms over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A 55.3% revenue increase signals improving operational activity and asset progress at the exploration stage. Durable impact: stronger top-line momentum can improve partner interest, enable larger JV/farm-in deals, and support continued funding of drilling and delineation programs over the next 2–6 months.
Read all positive factors
Great Boulder Resources Ltd (GBR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$103.50M
Dividend YieldN/A
Average Volume (3M)6.87M
Price to Earnings (P/E)―
Beta (1Y)1.50
Revenue GrowthN/A
EPS Growth78.52%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,246,944,200
10 Day Avg. Volume6,040,997
30 Day Avg. Volume6,865,009
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)1.25
Price to Sales (P/S)292.82
P/FCF Ratio-5.98
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
Great Boulder Resources Ltd Business Overview & Revenue Model
Company Description
Great Boulder Resources Limited is an Australian mineral exploration company, primarily focused on prospecting for gold and various base metals. Its premier asset is the Side Well Gold Project, an extensive 132-square-kilometer tenement situated i...
How the Company Makes Money
Great Boulder Resources Ltd does not operate producing mines and therefore does not generate recurring revenue from the sale of gold or other commodities (null). Its business model is typical of an exploration-stage company: it funds exploration p...
Great Boulder Resources Ltd Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
50
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 95.81K | 149.58K | 53.74K | 47.25K | 3.67K | 0.00 |
| Gross Profit | 17.43K | 149.58K | 30.63K | -66.69K | -74.56K | -56.36K |
| EBITDA | -2.91M | -2.21M | -2.47M | -3.45M | -3.20M | -682.17K |
| Net Income | -5.04M | -3.42M | -15.44M | -3.23M | -3.10M | -752.37K |
Balance Sheet | ||||||
| Total Assets | 40.74M | 36.63M | 22.41M | 31.28M | 26.28M | 17.13M |
| Cash, Cash Equivalents and Short-Term Investments | 12.00M | 12.48M | 2.93M | 4.94M | 9.08M | 6.76M |
| Total Debt | 133.50K | 175.99K | 170.66K | 109.42K | 150.63K | 114.09K |
| Total Liabilities | 1.84M | 1.60M | 960.23K | 1.45M | 534.65K | 646.41K |
| Stockholders Equity | 38.91M | 35.03M | 21.45M | 24.75M | 21.16M | 16.48M |
Cash Flow | ||||||
| Free Cash Flow | -4.23M | -7.32M | -7.35M | -10.48M | -9.44M | -4.25M |
| Operating Cash Flow | -1.64M | -1.57M | -1.98M | -1.95M | -2.00M | -312.18K |
| Investing Cash Flow | -8.01M | -4.85M | -6.02M | -8.31M | -7.06M | -3.94M |
| Financing Cash Flow | 16.37M | 15.97M | 5.99M | 6.12M | 11.38M | 10.29M |
Great Boulder Resources Ltd Technical Analysis
Negative
0.09
Price Trends
0.10
Negative
0.10
Negative
0.09
Negative
Market Momentum
>-0.01
Positive
33.68
Neutral
31.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GBR, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, below the 50-day MA of 0.10, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.68 is Neutral, neither overbought nor oversold. The STOCH value of 31.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:GBR.
Great Boulder Resources Ltd 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% | |
58 Neutral | AU$219.85M | -56.13 | -2.72% | ― | ― | -10.42% | |
56 Neutral | AU$100.68M | 11.14 | 13.72% | ― | -6.93% | 96.28% | |
47 Neutral | AU$300.21M | -27.67 | -22.74% | ― | ― | 1.22% | |
45 Neutral | AU$103.50M | -15.72 | -13.64% | ― | ― | 78.52% | |
43 Neutral | AU$52.68M | 0.96 | 142.67% | ― | ― | ― | |
41 Neutral | AU$74.01M | -1.20 | -67.75% | ― | ― | 69.69% |
* Basic Materials Sector Average
AU:GBR
Great Boulder Resources Ltd
0.08
0.01
13.70%
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Great Boulder Resources Ltd Corporate Events
Great Boulder Confirms Compliance as It Issues Tranche 2 Placement Shares
Jun 19, 2026
Great Boulder Resources has issued 325,074,271 fully paid ordinary shares under the second tranche of a previously announced placement, using provisions that allow the capital raising to proceed without a full prospectus-style disclosure. The comp...
Great Boulder Resources Seeks ASX Quotation for 325 Million New Shares
Jun 19, 2026
Great Boulder Resources Limited has applied to the ASX for quotation of 325,074,271 ordinary fully paid shares under its existing ticker GBR. The new securities, issued on June 19, 2026, expand the company’s quoted capital base, which may en...
Great Boulder Issues New Shares on Option Exercise, Confirms Compliance
May 25, 2026
Great Boulder Resources has issued 104,273 fully paid ordinary shares following the exercise of options, without the need for a prospectus under Australian corporations law. The company confirmed it is compliant with its financial reporting and co...
Great Boulder Resources Seeks ASX Quotation for Additional Shares
May 25, 2026
Great Boulder Resources has applied to the ASX for quotation of 104,273 new fully paid ordinary shares, to be issued on 25 May 2026. The new securities arise from the exercise or conversion of existing options or other convertible instruments, mod...
Great Boulder extends high-grade gold mineralisation at Side Well
May 24, 2026
Great Boulder Resources has reported multiple high-grade gold intercepts at its Side Well Gold Project in Western Australia, extending mineralisation beyond the current 1Moz resource. The latest drilling between the Mulga Bill, Mulga Bill East and...
Great Boulder Issues New Shares and Confirms Regulatory Compliance
May 13, 2026
Great Boulder Resources has issued more than 147 million fully paid ordinary shares, comprising the first tranche of a recently announced capital placement and shares from the exercise of options. The company confirmed that these shares were issue...
Great Boulder Resources Seeks ASX Quotation for 2.1 Million New Shares
May 13, 2026
Great Boulder Resources Ltd has applied to the ASX for quotation of 2,105,000 new ordinary fully paid shares, to be listed under its existing ticker GBR. The shares are being issued following the exercise or conversion of existing options or other...
Great Boulder Touts Peak Hill Acquisition as Transformational Shift to Gold Production
May 13, 2026
Great Boulder Resources’ chairman has written to shareholders ahead of an Extraordinary General Meeting, framing the proposed acquisition of the Peak Hill Gold Project from Westgold Resources as a transformational step. The deal would comple...
Great Boulder Resources Calls June General Meeting and Moves to Online Notices
May 13, 2026
Great Boulder Resources has called a General Meeting of shareholders to be held in West Perth on 12 June 2026, outlining arrangements for investor participation. The company is shifting to electronic distribution of its Notice of Meeting in line w...
Great Boulder Calls June 2026 General Meeting, Urges Proxy Voting
May 13, 2026
Great Boulder Resources Ltd has released a notice convening a general meeting of shareholders to be held in West Perth on 12 June 2026, with key dates set for determining voting eligibility and lodging proxy forms. The company is encouraging share...
Great Boulder Resources Seeks Quotation of 145.5 Million New Shares on ASX
May 12, 2026
Great Boulder Resources Ltd has applied for quotation of 145,513,964 new fully paid ordinary shares on the ASX, expanding its listed securities base under the code GBR. The issuance, formalised through an Appendix 2A filing, signals a significant ...
Great Boulder Director Andrew Paterson Increases Shareholding via On-Market Purchase
May 5, 2026
Great Boulder Resources has disclosed a change in the shareholding of director Andrew Paterson, who increased his direct interest in the company through an on-market purchase. Paterson acquired 248,000 ordinary fully paid shares for $24,324.23, li...
Great Boulder Raises $40m to Fund Transformational Peak Hill Gold Acquisition
May 4, 2026
Great Boulder Resources has secured firm commitments to raise $40 million through a two-tranche placement at $0.085 per share to fund the acquisition of Westgold Resources’ Peak Hill Gold Project in Western Australia. The project lies close ...
Westgold Sells Peak Hill Gold Project to Great Boulder for $58.3m Plus Royalty
May 4, 2026
Westgold Resources has agreed to sell its non-core Peak Hill Gold Project near Fortnum in Western Australia to Great Boulder Resources for total consideration of $58.3 million, paid as $25 million in cash and $33.3 million in Great Boulder shares,...
Great Boulder to Buy Peak Hill in Deal With Westgold, Cementing Capital-Light Gold Strategy
May 3, 2026
Great Boulder Resources has agreed to acquire the neighbouring Peak Hill Gold Project from Westgold for about $58 million, adding a proven operating asset with a 481,000-ounce mineral resource to its existing 1.02-million-ounce Side Well Gold Proj...
Great Boulder Buys Peak Hill in Capital-Light Push Toward Gold Production
May 3, 2026
Great Boulder Resources has struck a binding deal to acquire 100% of Westgold Resources’ Peak Hill Gold Project in Western Australia, an historic high-grade district with more than 900,000 ounces of past production and a current JORC 2012 re...
Great Boulder Resources Options Lapse, Tidying Capital Structure
May 1, 2026
Great Boulder Resources has notified the market that 1,077,901 options with an exercise price of $0.123, expiring on 30 April 2026 under the code GBRAZ, have lapsed unexercised. The expiry of these options slightly reduces the company’s pool...
Great Boulder Advances Side Well Gold Exploration in March Quarter
Apr 24, 2026
Great Boulder Resources has released its quarterly activities report for the period ending 31 March 2026, highlighting continued exploration at the Side Well Gold Project, where it holds a 75–80% interest. The update outlines drilling progra...
Great Boulder updates corporate pitch ahead of Adelaide investor conference
Apr 8, 2026
Great Boulder Resources has released an updated corporate presentation to be delivered by managing director Andrew Paterson at the Resources Rising Stars Gather Round Conference in Adelaide on 9 April 2026. The presentation, which highlights the c...
Great Boulder Resources Cancels 1.75 Million Performance Rights
Mar 20, 2026
Great Boulder Resources Ltd has notified the ASX of the cessation of 1,750,000 performance rights, recorded under the code GBRAP. The rights ceased on 20 March 2026 for reasons classified as other, reflecting an adjustment in the company’s i...
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.