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Nelson Resources Ltd. (AU:NES)
ASX:NES
Australian Market

Nelson Resources Ltd. (NES) AI Stock Analysis

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AU:NES

Nelson Resources Ltd.

(Sydney:NES)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
The score is held down primarily by weak financial performance (ongoing losses, extremely negative margins, and negative operating/free cash flow), partially offset by a low-leverage balance sheet with no debt. Technical and valuation inputs are limited in this dataset, with a negative P/E reflecting unprofitability and no dividend data.
Positive Factors
Balance Sheet Health
A debt-free balance sheet with improving equity enhances financial stability and reduces risk, providing a solid foundation for future growth.
Strategic Acquisition
The acquisition of a high-grade project in Nevada strengthens Nelson's asset portfolio, potentially boosting long-term growth and market position.
Partnership with MEGA Resources
The partnership with MEGA Resources allows Nelson to advance the Yarri Gold Project without upfront capital, leveraging MEGA's expertise and financial backing.
Negative Factors
Persistent Losses
Ongoing losses and weak profitability indicate operational challenges, potentially hindering the company's ability to achieve sustainable growth.
Negative Cash Flow
Consistently negative cash flow suggests reliance on external financing, which could strain resources and limit operational flexibility over time.
Shareholder Dilution
The significant share issuance dilutes existing shareholders, potentially impacting shareholder value and altering voting dynamics.

Nelson Resources Ltd. (NES) vs. iShares MSCI Australia ETF (EWA)

Nelson Resources Ltd. Business Overview & Revenue Model

Company DescriptionNelson Resources Limited engages in the exploration and development of natural resources in Australia. It primarily explores for gold and nickel. The company's flagship project is the 1185 square kilometers Woodline Project located at the boundary between the Proterozoic Albany-Fraser Orogen and the Archean Yilgarn-Craton. It holds a portfolio of gold projects covering an area of 1641 square kilometers located in the Western Australia. The company was formerly known as Mongolian Resource Corporation Limited and changed its name to Nelson Resources Limited in November 2016. Nelson Resources Limited was incorporated in 2007 and is based in Perth, Australia.
How the Company Makes MoneyNelson Resources Ltd. generates revenue primarily through the exploration and development of mineral properties, with a focus on gold deposits. The company seeks to increase its mineral resource base through successful exploration activities, leading to potential partnerships or joint ventures with larger mining companies for project development. Revenue streams may also include the sale or optioning of exploration assets and, eventually, the production and sale of gold and other minerals if a project moves to the operational phase. Significant factors contributing to earnings include the successful identification of economically viable mineral deposits, favorable commodity prices, and strategic partnerships that provide capital and technical expertise for project advancement.

Nelson Resources Ltd. Financial Statement Overview

Summary
Overall financials are weak due to persistent losses and negative operating/free cash flow. A key offset is a relatively clean balance sheet with no debt and improved equity in 2025, but profitability remains deeply negative and cash burn is still ongoing.
Income Statement
14
Very Negative
The income statement shows persistent losses and very weak profitability. Revenue has been highly volatile and is down sharply in the latest year (2025 revenue fell ~65% year-over-year). While 2025 net loss (-$0.84m) is a meaningful improvement versus 2024 (-$6.4m), margins remain deeply negative (2025 net margin about -7,653%), indicating the cost base is far above the current revenue level.
Balance Sheet
62
Positive
The balance sheet is a relative strength with no debt reported in 2024–2025 and equity rebuilding in 2025 (~$2.45m vs ~$1.04m in 2024). Total assets are modest (~$2.53m in 2025) and leverage appears low, which reduces financial risk. The key weakness is continued value erosion from losses, reflected in negative returns on equity (about -34% in 2025), which can pressure the capital base over time if not stabilized.
Cash Flow
18
Very Negative
Cash flow quality remains weak: operating cash flow is negative across all years shown, and free cash flow is also consistently negative (2025 free cash flow about -$0.68m). Although 2025 free cash flow is slightly better than 2024, the business is still consuming cash, implying ongoing reliance on financing or asset sales to fund operations. A partial positive is that cash burn has come down substantially from the 2021–2022 levels, but it has not yet turned sustainable.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue10.96K10.96K36.76K45.27K374.49K204.46K
Gross Profit10.96K10.96K12.51K45.27K-1.13M-92.05K
EBITDA-497.38K-497.38K-6.38M-907.00K-1.88M-2.79M
Net Income-838.61K-838.61K-6.40M-1.31M-2.32M-3.10M
Balance Sheet
Total Assets2.53M2.53M1.24M7.36M7.77M6.46M
Cash, Cash Equivalents and Short-Term Investments1.57M1.57M100.97K896.80K1.06M126.86K
Total Debt0.000.000.00249.68K249.68K287.51K
Total Liabilities82.72K82.72K208.49K71.94K470.20K1.08M
Stockholders Equity2.44M2.44M1.04M7.29M7.30M5.37M
Cash Flow
Free Cash Flow-684.44K-684.44K-811.63K-1.66M-3.35M-4.02M
Operating Cash Flow-490.80K-490.80K-222.73K-796.23K-2.98M-2.86M
Investing Cash Flow-176.37K-176.37K-573.10K-623.60K-339.12K-1.16M
Financing Cash Flow2.14M2.14M0.001.26M4.25M4.07M

Nelson 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%
57
Neutral
AU$8.26M160.000.33%
46
Neutral
AU$9.22M-3.29-110.67%92.70%
44
Neutral
AU$13.69M-20.00-48.18%95.24%
44
Neutral
AU$6.37M-3.52-237.50%
43
Neutral
AU$36.62M-32.00-13.32%92.86%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:NES
Nelson Resources Ltd.
0.01
0.00
0.00%
AU:RGL
Riversgold Ltd.
0.02
<0.01
60.00%
AU:NME
Nex Metals Explorations Ltd
0.02
-0.01
-36.67%
AU:M2M
Mt Malcolm Mines NL
0.02
>-0.01
-15.79%
AU:NPM
NewPeak Metals Ltd.
0.03
0.01
75.00%

Nelson Resources Ltd. Corporate Events

Nelson Resources Moves to Fully Digital Notice for February General Meeting
Jan 13, 2026

Nelson Resources Ltd. has convened a General Meeting of shareholders to be held in Perth on 18 February 2026, with all meeting materials made available electronically in line with recent changes to Australia’s Corporations Act governing company meetings and documents. The company is encouraging shareholders to lodge directed proxy votes online ahead of the deadline, submit questions in advance or at the meeting, and provide email addresses for future electronic communications, reflecting a shift toward more digital, cost-efficient and accessible shareholder engagement and corporate governance practices.

The most recent analyst rating on (AU:NES) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Nelson Resources Ltd. stock, see the AU:NES Stock Forecast page.

Nelson Resources Calls 2026 General Meeting to Ratify Major Share Placement and Options Issue
Jan 13, 2026

Nelson Resources Limited has called a general meeting of shareholders for 12:00pm AWST on 18 February 2026 in Perth, Western Australia, setting 16 February 2026 as the record date to determine voting eligibility. The meeting will ask shareholders to ratify a prior share placement of 541,666,667 shares issued under ASX Listing Rules 7.1 and 7.1A, and to approve the potential issue of up to 135,416,667 placement options, moves that aim to preserve the company’s placement capacity under the ASX rules and facilitate future capital-raising flexibility for its ongoing operations.

The most recent analyst rating on (AU:NES) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Nelson Resources Ltd. stock, see the AU:NES Stock Forecast page.

Nelson Resources Corrects Details of Proposed Securities Issue for Gold Point Project
Jan 9, 2026

Nelson Resources Limited has updated its previously announced proposed issue of securities, correcting an administrative oversight regarding the number of tranche 1 and tranche 2 performance rights to be issued to the vendor of the Gold Point Project. The company has clarified that it still retains the flexibility to settle the tranche 1 and tranche 2 consideration in cash instead of performance rights, which may influence the capital structure and funding mix for the Gold Point Project and provides optionality in how it compensates the project vendor.

The most recent analyst rating on (AU:NES) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Nelson Resources Ltd. stock, see the AU:NES Stock Forecast page.

Nelson Resources Corrects Performance Rights Terms for Nevada Gold-Silver Acquisition
Jan 9, 2026

Nelson Resources has corrected an error in its prior announcement regarding the proposed acquisition of the Gold Point gold-silver project in Nevada, revising the number of performance rights to be issued to the vendor from 714,285,714 to a maximum of 1,094,166,666 across two tranches. The company, which retains the option to settle the tranche 1 and tranche 2 consideration in cash or shares, will now seek shareholder approval for the acquisition and the updated performance rights structure via a forthcoming notice of meeting, while confirming that all other terms of the deal remain unchanged.

The most recent analyst rating on (AU:NES) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Nelson Resources Ltd. stock, see the AU:NES Stock Forecast page.

Nelson Resources Appoints Veteran Geologist to Lead North American Exploration Push
Jan 7, 2026

Nelson Resources has appointed experienced geologist and certified geological engineer Matthew Dumala as Exploration Manager / Vice President of Exploration for its North American operations, where he will lead exploration strategy, drill planning and operational capability. With more than two decades of exploration and project development experience across Nevada, Arizona, Yukon, British Columbia and Mexico, and a strong track record in porphyry and epithermal precious and base metal systems, Dumala is expected to accelerate work at the company’s recently acquired high‑grade Gold Point Project in Nevada, underpinning Nelson’s push to expand its North American portfolio following a recent capital raising to fund exploration.

The most recent analyst rating on (AU:NES) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Nelson Resources Ltd. stock, see the AU:NES Stock Forecast page.

KG Venture Holdings Ceases to Be Substantial Shareholder in Nelson Resources
Dec 23, 2025

KG Venture Holdings Pty Ltd has ceased to be a substantial shareholder in Nelson Resources Limited after its stake was diluted by a share placement. The change, effective 19 December 2025, saw KG Venture Holdings’ voting power reduced by 133,333,333 shares without any consideration paid, signaling a material shift in the company’s share register and potentially altering the balance of influence among Nelson Resources’ remaining major investors.

Key Investor Group Ceases to Be Substantial Holder in Nelson Resources
Dec 22, 2025

Nelson Resources Limited has disclosed that a group of existing investors, including Croesus Mining Pty Ltd (as trustee for certain superannuation funds), N & J Mitchell Holdings Pty Ltd, and several associated individuals, have ceased to be substantial shareholders in the company as of 22 December 2025. The change in status, formalised through a substantial holder notice, indicates that this investor group no longer holds at least 5% of the company’s voting securities, signalling a shift in the company’s share register that could alter its ownership structure, potential voting dynamics and the influence previously exerted by this shareholder bloc.

Nelson Resources Issues 541.7 Million New Shares in Compliance-Cleared Placement
Dec 19, 2025

Nelson Resources Limited has issued 541,666,667 fully paid ordinary shares at an issue price of $0.006 per share via a placement, significantly expanding its share capital base. The company confirmed that the shares were issued without a prospectus under the Corporations Act’s provisions for placements, and certified that it is up to date with its financial reporting and continuous disclosure obligations, with no excluded information requiring disclosure, thereby facilitating secondary trading of the new shares and signalling adherence to regulatory requirements for existing and new shareholders.

Nelson Resources Seeks ASX Quotation for 541.7 Million New Shares
Dec 19, 2025

Nelson Resources Ltd. has applied to the ASX for quotation of 541,666,667 new ordinary fully paid shares under its ticker NES, with an issue date of 19 December 2025. The substantial new share listing will significantly enlarge the company’s quoted capital base, potentially affecting existing shareholder positions and providing the company with greater scope for future capital markets activity and liquidity on the ASX.

Nelson Resources Expands with New Gold-Silver Project Acquisition
Dec 11, 2025

Nelson Resources Ltd has announced the acquisition of a high-grade gold-silver project in the Walker Lane District, Nevada, USA. This strategic move is expected to enhance the company’s portfolio and strengthen its position in the gold and critical minerals industry, potentially offering significant growth opportunities for stakeholders.

Nelson Resources Announces Major Securities Issuance
Dec 11, 2025

Nelson Resources Limited has announced a proposed issue of securities, with a total of 255 million performance rights to be issued across five tranches. This strategic move, set for issuance on January 23, 2026, aims to enhance the company’s capital structure and potentially improve its market positioning.

Nelson Resources Announces Proposed Securities Issue to Fuel Growth
Dec 11, 2025

Nelson Resources Ltd. has announced a proposed issue of securities, including 541,666,667 ordinary fully paid shares and 225,694,445 options expiring in December 2029. This strategic move is aimed at raising capital to support the company’s ongoing exploration and development activities, potentially strengthening its position in the mining sector and providing opportunities for growth and expansion.

Nelson Resources Ltd. Announces Proposed Securities Issue to Bolster Operations
Dec 11, 2025

Nelson Resources Ltd. has announced a proposed issue of securities, including Vendor Tranche 1 and 2 Performance Rights and NES Ordinary Fully Paid shares, scheduled for issuance on January 23, 2026. This strategic move aims to strengthen the company’s financial position and support its ongoing exploration and development activities, potentially impacting its market presence and stakeholder value.

Nelson Resources Acquires Historic Gold-Silver Project in Nevada
Dec 11, 2025

Nelson Resources Limited has announced a strategic acquisition of the Gold Point Project in the Walker Lane District, Nevada, marking the first time in 140 years that the district is consolidated under a single owner. This acquisition allows Nelson to earn up to a 90% interest in the project, which includes historic production of high-grade gold and silver. The company plans to initiate an aggressive exploration program, supported by a successful capital raising of $3.25 million, positioning itself for significant value creation in 2026.

Nelson Resources Initiates Trading Halt for Major Announcement
Dec 9, 2025

Nelson Resources Limited has requested a trading halt on its securities pending a significant announcement concerning a capital raising and a material project acquisition. This move indicates potential strategic growth initiatives that could impact the company’s market positioning and stakeholder interests. The halt will remain until the announcement is made or normal trading resumes on December 11, 2025.

Nelson Resources Secures Approval for Yarri Gold Project Drilling
Dec 1, 2025

Nelson Resources Ltd. announced the approval of a Program of Work for a significant drilling initiative at the Yarri Gold Project in Western Australia. The project, funded by MEGA Resources under a Right to Mine Agreement, involves a 230-hole, 11,544-meter RC drill program aimed at expanding and testing high-grade gold intercepts. This development marks a critical step in Nelson’s strategy to enhance its resource base, with drilling set to commence following contractor mobilisation.

Nelson Resources Ltd. AGM Results: All Resolutions Passed
Nov 26, 2025

Nelson Resources Ltd. announced the results of its Annual General Meeting, where all resolutions were passed by a significant majority. Key resolutions included the adoption of the remuneration report, election of directors, approval of a 10% placement capacity, and changes in option terms, indicating strong shareholder support for the company’s strategic decisions.

Nelson Resources Reports Promising Gold Assay Results and New Mining Agreement
Oct 29, 2025

Nelson Resources Ltd. reported promising assay results from its Yarri Gold Project, with rock chip samples from the Hidden Treasure Prospect showing gold grades greater than 8g/t. The company has also entered into a Right to Mine Agreement with MEGA Resources, which will fully fund and manage operations at the Yarri Project, potentially enhancing Nelson’s operational capabilities and market positioning.

Nelson Resources Advances Yarri Gold Project with New Drilling Program
Oct 27, 2025

Nelson Resources Limited has submitted a Program of Work to the Department of Energy, Mines, Industry Regulation and Safety for a significant drilling program at its Yarri Gold Project. The company has partnered with MEGA Resources, which will fully fund operations up to $10 million and manage project permitting. This initiative aims to inform future mine planning and production scheduling, potentially enhancing Nelson’s market position in gold exploration.

Nelson Resources Ltd. Announces AGM with Digital Transition
Oct 22, 2025

Nelson Resources Ltd. has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 26, 2025, in Perth. The company is transitioning to electronic distribution of meeting notices, encouraging shareholders to utilize digital platforms for proxy voting and communications. This move reflects a broader industry trend towards digitalization, aiming to streamline shareholder engagement and reduce environmental impact.

Nelson Resources Announces Annual General Meeting Details
Oct 22, 2025

Nelson Resources Limited has announced its Annual General Meeting, scheduled for November 26, 2025, in Perth, Australia. The meeting will address several key agenda items, including the consideration of the company’s financial statements and reports, a non-binding resolution on the remuneration report, and the election of Mr. Daniel Smith as a director. Shareholders are encouraged to participate either in person or via proxy.

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: Dec 30, 2025