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Pure Resources Limited (AU:PR1)
ASX:PR1
Australian Market

Pure Resources Limited (PR1) AI Stock Analysis

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AU:PR1

Pure Resources Limited

(Sydney:PR1)

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Neutral 51 (OpenAI - 5.2)
Rating:51Neutral
Price Target:
AU$0.27
▲(42.63% Upside)
The score is held down primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn), partly offset by a low-debt balance sheet. Technicals are strong but very overbought, which limits confidence in near-term sustainability. Valuation cannot be assessed due to missing P/E and dividend yield data.
Positive Factors
Low leverage balance sheet
A very low debt-to-equity ratio provides durable financial flexibility for a pre-revenue explorer: it lowers solvency risk, preserves optionality for staged project funding or farm-outs, and improves capacity to withstand exploration cycles without immediate debt distress.
Convertible monetisation pathways
Multiple structural monetisation routes (equity raises, farm-outs/JVs, asset sales) give the company durable strategic optionality. This model allows value realisation through transactions rather than production, enabling project advancement while sharing technical and funding risk with partners.
Focused exploration strategy
A clear, concentrated business focus on mineral exploration and tenement evaluation concentrates technical expertise and capital allocation. This specialization enhances the company’s ability to advance targets, attract specialist JV partners, and efficiently prioritise value-driving drill programs over time.
Negative Factors
No revenue, widening net losses
Persistent zero revenue and increasing annual losses are a structural weakness for a pre-revenue explorer: they erode shareholder equity, reduce runway for sustained exploration, and increase dependence on external capital before projects reach value-inflection milestones.
Consistent negative operating cash flow
Chronic operating and free cash flow deficits mean the business consumes cash rather than generating it, creating recurring financing needs. Over the medium term this raises dilution risk, can curtail exploration programs, and heightens execution risk if capital markets tighten.
Erosion of equity and weak returns
Material declines in equity and deeply negative ROE reflect capital erosion from ongoing losses. This weakens balance-sheet resilience, limits the company’s ability to fund or co-fund exploration, may increase cost of capital, and reduces bargaining leverage with potential JV partners.

Pure Resources Limited (PR1) vs. iShares MSCI Australia ETF (EWA)

Pure Resources Limited Business Overview & Revenue Model

Company DescriptionPure Resources Limited engages in the acquisition, exploration, and development of mineral resource properties in Australia. It primarily explores for nickel, gold, and copper deposits. The company holds interests in the Yandal project with exploration license E53/2023 covering an area of approximately 43 square kilometers located in the Archean aged Yandal greenstone belt in the eastern goldfields region of Western Australia; the Mount Monger project, which includes exploration license E26/227 covering an area of approximately 12 square kilometers located in the Bulong Domain in the southwestern corner of the Kurnalpi terrane of the eastern goldfields region of Western Australia. It also holds interests in the Yundamindra project that comprises exploration license E39/2251 and tenement application E39/2254, which cover an area of approximately 90 square kilometers located in the eastern Kurnalpi terrane of the eastern goldfields region of Western Australia; and the Killarney project, which includes exploration license E80/5153 covering an area of approximately 32.7 square kilometers located adjacent to the great northern highway. The company was incorporated in 2021 and is based in Subiaco, Australia.
How the Company Makes Money

Pure Resources Limited Financial Statement Overview

Summary
Pure Resources Limited shows a stable balance sheet with low leverage, but the absence of revenue and significant negative cash flows highlight severe operational and financial challenges. The company needs to focus on generating revenue and improving cash flow to enhance overall financial health.
Income Statement
Pure Resources Limited has reported zero total revenue across all periods, indicating no sales performance, which is a significant weakness. The consistent negative EBIT and net income figures further reflect operational inefficiencies and a lack of profitability.
Balance Sheet
The company's balance sheet shows a strong equity position with a high equity ratio, indicating stability. The debt-to-equity ratio is very low, suggesting minimal leverage and financial risk. However, the declining stockholders' equity over the periods is a potential concern.
Cash Flow
The cash flow statements are incomplete, with no operating cash flow data provided. The negative free cash flow and significant capital expenditures indicate cash strain. The lack of positive cash generation is a major weakness.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022
Income Statement
Total Revenue0.000.000.000.000.00
Gross Profit0.000.000.000.000.00
EBITDA-1.75K-1.75M-991.95K-699.09K-1.30M
Net Income-1.44K-1.44M-901.12K-752.40K-1.58M
Balance Sheet
Total Assets2.40M2.40M2.87M4.00M4.57M
Cash, Cash Equivalents and Short-Term Investments481.89K481.89K1.24M2.54M4.21M
Total Debt110.78K110.78K36.97K75.16K122.39K
Total Liabilities284.45K284.45K144.25K364.54K252.23K
Stockholders Equity2.11M2.11M2.72M3.64M4.31M
Cash Flow
Free Cash Flow-1.46K-1.47M-1.48M-1.66M-33.31K
Operating Cash Flow-1.41K-1.42M-1.08M-476.61K-543.00
Investing Cash Flow-256.0049.10K-168.31K-1.18M-32.77K
Financing Cash Flow603.92K-42.00K-19.20K4.70M

Pure Resources Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.19
Price Trends
50DMA
0.20
Positive
100DMA
0.19
Positive
200DMA
0.15
Positive
Market Momentum
MACD
0.03
Negative
RSI
98.76
Negative
STOCH
101.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PR1, the sentiment is Positive. The current price of 0.19 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.20, and above the 200-day MA of 0.15, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 98.76 is Negative, neither overbought nor oversold. The STOCH value of 101.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PR1.

Pure Resources Limited 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%
51
Neutral
AU$16.77M
46
Neutral
AU$7.13M-12.93-38.56%21.62%
44
Neutral
AU$23.58M-50.00
44
Neutral
AU$7.02M-0.50-78.12%-349.06%
44
Neutral
AU$5.98M-4.58-38.30%61.60%
38
Underperform
AU$5.91M-5.45-26.98%4.35%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PR1
Pure Resources Limited
0.30
0.19
168.18%
AU:OKJ
Oakajee Corporation Ltd
0.08
0.07
650.00%
AU:KLR
Kaili Resources Limited
0.16
0.11
287.50%
AU:SLZ
Sultan Resources Ltd.
0.01
<0.01
20.00%
AU:AIV
ActivEX Limited
0.02
0.01
100.00%
AU:PRL
Province Resources Ltd
0.01
-0.03
-70.73%

Pure Resources Limited Corporate Events

Pure Resources Targets U.S. Thermal Management Market With Graphite-Led Strategy
Jan 6, 2026

Pure Resources has outlined a thermal management strategy built around the emerging graphite potential at its Garnet Hills project, aiming to supply advanced materials for high-performance heat dissipation in hyperscale data centres and defence weapons systems. The company plans to move beyond commodity graphite by building an integrated mine‑to‑market model, aggressively pursuing downstream positions in data-centre cooling, thermal interface materials, next-generation conductors and defence-grade cooling platforms, underpinned by U.S.-focused collaborations with institutions and Department of Energy‑funded groups, as well as new workstreams on rare earth extraction from industrial garnet; collectively, these initiatives are intended to secure higher-margin market exposure and strengthen Pure’s role in strategically important, fast-growing thermal management supply chains.

The most recent analyst rating on (AU:PR1) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Pure Resources Limited stock, see the AU:PR1 Stock Forecast page.

Pure Resources Options Register Reveals Highly Concentrated Holdings
Jan 4, 2026

Pure Resources Limited has disclosed the distribution of holdings for its listed options (PR1OA1), exercisable at $0.25 and expiring in December 2028, but the filing does not provide details on the company’s industry, core operations, or markets.

The report shows a highly concentrated register for these options, with 97.04% of the 36.75 million options on issue held by just 29 holders, while the remaining 55 holders share less than 3% between them, indicating that a small group of investors controls the vast majority of this derivative exposure, which may have implications for liquidity and future capital-raising dynamics.

The most recent analyst rating on (AU:PR1) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Pure Resources Limited stock, see the AU:PR1 Stock Forecast page.

Pure Resources Reveals Highly Concentrated Ownership of PR1OA1 Options
Jan 4, 2026

Pure Resources Limited has disclosed the top 20 holders of its PR1OA1 options, exercisable at $0.25 and expiring on 11 December 2028, showing a highly concentrated ownership structure among a small group of investors. The report reveals that the top 20 option holders collectively control 94.24% of the 36.75 million PR1OA1 options on issue, with the largest single holder, Alissa Bella Pty Ltd, holding 24%, and several other institutional and private investors each holding meaningful stakes, underscoring the influence of these key stakeholders over the company’s option capital base.

The most recent analyst rating on (AU:PR1) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Pure Resources Limited stock, see the AU:PR1 Stock Forecast page.

Pure Resources Seeks ASX Quotation for 36.8 Million New Options
Jan 4, 2026

Pure Resources Limited has applied to the ASX for quotation of a new class of options, trading under the code PR1OC and expiring on 11 December 2028. The company will have 36,751,289 of these options quoted, which were issued as part of previously announced transactions, signalling an expansion of its listed securities base that may provide additional liquidity and capital flexibility for investors and the company alike.

The most recent analyst rating on (AU:PR1) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Pure Resources Limited stock, see the AU:PR1 Stock Forecast page.

Pure Resources Issues 11.3 Million New Shares Under Cleansing Notice
Dec 23, 2025

Pure Resources Limited has issued 11,333,333 fully paid ordinary shares on 23 December 2025, confirming that the new securities rank equally with existing shares and that the company remains in full compliance with Australian corporate reporting and continuous disclosure requirements. The capital raising strengthens the company’s financial flexibility as it pursues its strategy in battery metals, while the cleansing notice facilitates secondary trading of the new shares by assuring investors there is no withheld price-sensitive information affecting an informed assessment of the company or the new securities.

Pure Resources Raises $1.7m to Advance Garnet Hills Battery Metals Project
Dec 23, 2025

Pure Resources Limited has completed a $1.7 million equity placement, issuing 11,333,333 fully paid ordinary shares at $0.15 each under its existing placement capacity, with the new shares ranking pari passu with existing stock. Subject to shareholder approval expected in the first quarter of 2026, investors in the placement will also receive one free option for every three shares, totaling 3,777,778 options exercisable at $0.25 and expiring in December 2028. The funds raised are earmarked primarily to advance the company’s Garnet Hills Garnet and Graphite Project in Western Australia, as well as to support general working capital, bolstering Pure Resources’ efforts to build a stronger position in battery metals and related critical mineral markets.

Pure Resources Seeks ASX Quotation for 11.3 Million New Shares
Dec 23, 2025

Pure Resources Limited has applied for quotation on the ASX of 11,333,333 new fully paid ordinary shares, expanding its listed securities under the ticker PR1. The issuance, lodged via an Appendix 2A on 23 December 2025, formalises the listing of securities previously flagged to the market and modestly increases the company’s free float, with potential implications for liquidity and capital structure but without additional operational or strategic detail disclosed in this notice.

Pure Resources Corrects Key Dates on Proposed Options Issue
Dec 19, 2025

Pure Resources Limited has updated its disclosure to the ASX regarding a proposed issue of securities, clarifying key dates associated with an options placement. The company corrected the options’ issue date from 12 December 2025 to 11 December 2025 and the expiry date from 12 December 2028 to 11 December 2028, a procedural adjustment that aligns its official records with the actual terms of the options issue and ensures regulatory accuracy for investors and market participants.

Pure Resources Issues 500,000 New Shares Under Cleansing Notice
Dec 18, 2025

Pure Resources Limited has issued 500,000 fully paid ordinary shares on 12 December 2025 without a prospectus, relying on provisions of the Corporations Act that allow such issuance without formal disclosure. The company states it remains compliant with its financial reporting and continuous disclosure obligations, confirms there is no undisclosed information material to investors’ assessment of the company or its shares, and has lodged an application with ASX for quotation of the new securities, signalling a routine capital management move with limited immediate impact on existing shareholders beyond standard dilution.

Pure Resources Seeks ASX Quotation for 500,000 New Shares
Dec 18, 2025

Pure Resources Limited has applied to the ASX for quotation of 500,000 new fully paid ordinary shares, issued on 12 December 2025 under its existing securities framework. The move modestly increases the company’s quoted capital and follows previously announced transactions, signaling incremental capital management activity that may support ongoing corporate or operational initiatives without materially altering its market structure at this stage.

Pure Resources Discloses Change in Director’s Options Holding
Dec 18, 2025

Pure Resources Ltd has disclosed a change in director Jane Changhua Law’s interests in company securities, in line with its obligations under ASX listing rules. The filing notes that 2,000,000 previously held quoted options (PR1OA), exercisable at $0.25 and expiring on 10 April 2025, lapsed unexercised and were replaced by the acquisition of 2,000,000 new options exercisable at $0.25 and expiring on 11 December 2028, purchased for $200 through a priority offer, with the earlier lapse not reported at the time due to an administrative oversight.

Pure Resources Limited Announces Proposed Securities Issue
Dec 15, 2025

Pure Resources Limited has announced a proposed issue of 500,000 ordinary fully paid securities, with the issuance date set for December 12, 2025. This move is part of a placement or other type of issue, which could impact the company’s capital structure and market positioning, potentially influencing stakeholder interests and the company’s operational strategies.

Pure Resources Limited Announces Proposed Securities Issue
Dec 15, 2025

Pure Resources Limited has announced a proposed issue of securities, including options and ordinary fully paid shares, with a total of 20,111,111 securities to be issued. This strategic move is aimed at raising capital, potentially enhancing the company’s financial position and market competitiveness, with the issue date set for December 22, 2025.

Pure Resources Secures $1.7 Million for Garnet Hills Project Expansion
Dec 15, 2025

Pure Resources Limited has successfully raised $1.7 million through a placement of 11,333,333 shares, with funds primarily allocated to advancing its Garnet Hills Garnet and Graphite Project in Western Australia. The project shows promising potential due to the presence of large to jumbo flake graphite, which supports premium pricing. Additionally, the company completed a priority and shortfall offer, issuing 36,751,289 options to former option holders, and is working to have these options quoted on the ASX. This strategic move aims to enhance Pure’s operational capabilities and strengthen its position in the battery metals market.

Pure Resources Limited Initiates Trading Halt for Capital Raising Announcement
Dec 10, 2025

Pure Resources Limited has requested a trading halt on its securities on the ASX as it prepares to make an announcement regarding a capital raising. This move is intended to ensure compliance with continuous disclosure obligations and is expected to last until the announcement is made or normal trading resumes on December 15, 2025. The trading halt indicates a significant development in the company’s financial strategy, potentially impacting its market position and stakeholders.

Pure Resources Confirms High-Quality Graphite at Garnet Hills
Dec 8, 2025

Pure Resources Limited has confirmed the presence of large to jumbo flake graphite at its Garnet Hills project in Western Australia. This discovery, characterized by clean and inclusion-free graphite flakes, positions the company to capitalize on premium pricing potential due to the high quality of the graphite. The project’s strategic location and favorable geological conditions enhance its development prospects, aligning with Pure’s US-focused downstream strategy. The high-quality graphite is suitable for advanced applications, including thermal management and defense technologies, strengthening Pure’s market positioning and stakeholder value.

Pure Resources Limited Announces Priority Offer of New Options
Nov 19, 2025

Pure Resources Limited has announced a Priority Offer of new options to eligible participants, following the expiration of 36,751,289 PR1OA Options. The offer allows participants to subscribe to a new class of options with an exercise price of $0.25 and a three-year expiry term. The company aims to raise approximately $3,675.13, primarily to cover the costs of the offer, and any unclaimed options may be offered in a Shortfall Offer at the Board’s discretion. The announcement signifies the company’s efforts to provide continued investment opportunities to its stakeholders, potentially impacting its financial positioning and market engagement.

Pure Resources Limited Announces New Non-Pro Rata Securities Offer
Nov 19, 2025

Pure Resources Limited has announced a new non-pro rata offer of securities, specifically options exercisable at $0.25 and expiring three years from the issue date. The company plans to issue a maximum of 36,751,289 securities, with the closing date for acceptances set for November 28, 2025, and the proposed issue date on December 5, 2025. This move aims to raise capital and potentially enhance the company’s market positioning by expanding its financial resources.

Pure Resources Limited Announces Priority Offer to Raise Capital
Nov 19, 2025

Pure Resources Limited has announced a Priority Offer, allowing shareholders to purchase one New Option for every PR1OA Option they own at a nominal price. This initiative aims to raise a modest amount of capital, $3,675.13, before costs, and is considered speculative, indicating potential risks for investors.

Pure Resources Limited Successfully Passes All Resolutions at AGM
Nov 12, 2025

Pure Resources Limited announced that all resolutions were passed at its Annual General Meeting of shareholders, held in Subiaco. Key resolutions included the adoption of the Remuneration Report, re-election of directors, and approval of a 10% placement facility. The successful passing of these resolutions reflects strong shareholder support and positions the company for continued growth and strategic initiatives.

Pure Resources Advances with Garnet Hills Acquisition and U.S. Partnerships
Oct 30, 2025

Pure Resources Limited has completed the acquisition of Garnet Hills Pty Ltd, securing a mining lease in Western Australia, which positions the company as a potential leader in the garnet mining industry. The successful metallurgical testwork has confirmed the viability of producing high-quality garnet products for commercial applications, and the company’s strategic focus on U.S. partnerships enhances its positioning as an environmentally sustainable supplier of critical minerals.

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 08, 2026