Surefire Resources NL (SRN) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): N/A
• Revenue Growth: N/A
• EPS Growth: 78.57%
• Country: AU
• Employees: 2
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.00
• Shares Outstanding: N/A
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.04
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 5.10
• P/FCF Ratio: -1.02
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 37 Underperform
• Price Target: <AU$0.01 ▼(-10.00% Downside)

Surefire Resources NL's overall stock score is significantly impacted by its poor financial performance, characterized by declining revenues and negative profitability. The lack of technical analysis and valuation data further contributes to the low score, indicating high risk and uncertainty for potential investors.

Positive Factors

Low Leverage

Low leverage provides financial flexibility and reduces the risk of financial distress, which is beneficial for long-term stability.

Potential in Critical Minerals

Focus on critical minerals aligns with global trends towards renewable energy, offering long-term growth potential as demand for these resources increases.

Partnership Opportunities

Strategic partnerships can lead to resource sharing and market expansion, strengthening the company's competitive position and revenue potential.

Negative Factors

Declining Revenue

Declining revenue growth indicates challenges in market demand or operational execution, potentially impacting long-term financial sustainability.

Negative Profitability

Negative profitability suggests operational inefficiencies and challenges in achieving cost-effective production, which can hinder long-term growth.

Cash Flow Challenges

Declining cash flow generation limits the company's ability to fund operations and invest in growth opportunities, impacting financial health.

Surefire Resources NL Business Overview & Revenue Model

Company Description

Surefire Resources NL explores for and reviews mineral tenement holdings in Western Australia. It explores for gold, copper, lead, silver, vanadium, and iron ore deposits. The company was formerly known as Black Ridge Mining NL and changed its name to Surefire Resources NL in December 2016. Surefire Resources NL was incorporated in 1998 and is based in South Perth, Australia.

How the Company Makes Money

Surefire Resources generates revenue primarily through the exploration and potential extraction of mineral resources. The company's revenue model is based on identifying and developing economically viable mining projects, which can be sold or operated to extract valuable minerals. Key revenue streams may include selling extracted minerals to various industries, entering into joint ventures with larger mining companies, and securing off-take agreements for future production. Partnerships with other mining and exploration firms can also enhance Surefire's earning potential by providing access to additional resources and markets. Additionally, the company may benefit from government grants and incentives aimed at promoting mining and exploration activities, especially in the context of critical mineral supply chains.

Surefire Resources NL Financial Statement Overview

Summary

Surefire Resources NL faces significant financial challenges, with declining revenues, negative profitability, and cash flow issues. While the company maintains low leverage, its inability to generate positive returns and cash flow poses risks to its financial health.

Income Statement

Surefire Resources NL has experienced a significant decline in revenue growth, with a negative growth rate of -25.81% in the most recent year. The company also shows negative profitability metrics, with a net profit margin of -1.58% and an EBIT margin of -5.69%. These figures indicate operational challenges and a lack of profitability.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio of 0.0139, indicating low leverage, which is a positive aspect. However, the return on equity is negative at -22.13%, reflecting poor returns for shareholders. The equity ratio is relatively healthy, suggesting some stability in the company's financial structure.

Cash Flow

The cash flow statement reveals a negative free cash flow growth rate of -23.86%, indicating a decline in cash generation. The operating cash flow to net income ratio is negative, suggesting challenges in converting income into cash. However, the free cash flow to net income ratio is positive, indicating some ability to generate cash relative to net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	592.18K	439.32K	653.47K	147.24K	694.00	267.00
Gross Profit	592.18K	439.32K	653.47K	-36.52K	-34.40K	-6.88K
EBITDA	-2.49M	-2.49M	-3.06M	-3.54M	-2.43M	-3.23M
Net Income	-1.09M	-694.29K	-3.07M	-3.58M	-2.46M	-3.24M
Balance Sheet
Total Assets	13.96M	13.17M	14.48M	5.54M	5.26M	3.61M
Cash, Cash Equivalents and Short-Term Investments	575.70K	312.83K	1.49M	1.49M	5.07M	3.36M
Total Debt	80.19K	43.72K	115.76K	184.30K	43.39K	112.89K
Total Liabilities	10.17M	10.04M	12.33M	4.01M	574.70K	701.62K
Stockholders Equity	3.79M	3.14M	2.15M	1.53M	4.69M	2.91M
Cash Flow
Free Cash Flow	-2.89M	-2.20M	-3.12M	-3.55M	-2.34M	-2.39M
Operating Cash Flow	-1.58M	-1.39M	-1.68M	-1.56M	-1.07M	-984.67K
Investing Cash Flow	-1.39M	-809.68K	-1.52M	-2.45M	-1.30M	-1.47M
Financing Cash Flow	885.85K	1.03M	3.19M	420.73K	4.09M	5.62M

Surefire Resources NL Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CAZ	55 Neutral	AU$15.89M	―	-45.16%	―	―	-563.16%
CTN	42 Neutral	AU$9.76M	―	-40.27%	―	―	-114.29%
CR1	40 Underperform	AU$14.07M	-3.72	-213.82%	―	―	-32.39%
CPN	38 Underperform	AU$26.68M	―	-122.97%	―	―	24.25%
SRN	37 Underperform	―	―	-26.26%	―	―	78.57%
DM1	37 Underperform	AU$4.13M	―	-21.73%	―	―	91.79%

Surefire Resources NL Corporate Events

Surefire Resources NL Passes All AGM Resolutions

Surefire Resources NL announced that all resolutions presented at their Annual General Meeting were successfully passed, including a special resolution requiring a 75% majority. The approval of these resolutions, particularly the 7.1A Mandate, signifies a strategic move for the company, potentially enhancing its operational capabilities and market positioning.

Surefire Resources NL Highlights Exploration Progress at AGM

Surefire Resources NL has released its Annual General Meeting presentation, highlighting its ongoing exploration and development activities. The company emphasizes the competence of its team in evaluating mineral resources, particularly in the Victory Bore Vanadium project. This announcement reinforces Surefire’s commitment to maintaining transparency and accuracy in its resource estimations, which is crucial for its stakeholders and market positioning.

Surefire Resources NL Confirms Stability in Mineral Resource Estimates

Surefire Resources NL has confirmed that there is no new information or data that materially affects the previous market announcements related to its mineral resources. The company assures that all material assumptions and technical parameters underpinning the estimates remain unchanged, maintaining the integrity of the Competent Person’s findings as previously reported.

Surefire Resources Clarifies Impact of MOU Lapses on Victory Bore Project

Surefire Resources NL responded to an ASX inquiry regarding the lapse of the Ajlan MOU and the termination of the RASI MOU, both related to the Victory Bore Project. The company clarified that these non-binding agreements were not expected to have a material impact on its securities’ value, as they were preliminary frameworks for potential joint ventures and investments with no guaranteed outcomes.

Surefire Resources Advances Yidby Gold Project with Promising Results

Surefire Resources NL has reported significant progress in its Yidby Gold Project for the quarter ending September 2025. The project, situated in a promising geological setting near Perth, shows potential for a large porphyry gold system at depth, with excellent gold recoveries indicated from metallurgical tests. The company has identified multiple prospects and targets within the Yidby tenements, suggesting substantial exploration potential and positioning Surefire favorably within the gold mining sector.

Surefire Resources NL Announces 2025 AGM Details

Surefire Resources NL has announced that its Annual General Meeting (AGM) will take place on 26 November 2025 at The Park Business Centre in West Perth, WA. The company will not send physical copies of the Notice of Meeting and Explanatory Statement, but will provide digital copies through their website, the ASX, and their share registry, Automic. Shareholders are encouraged to submit their proxies online or via other provided methods before the deadline to ensure their participation in the meeting.

Surefire Resources NL Announces Quotation of New Securities

Surefire Resources NL has announced the application for quotation of 11,400,000 securities, which are options expiring on July 11, 2027. This move is part of previously announced transactions and reflects the company’s strategic efforts to strengthen its financial position and support its growth initiatives.

Surefire Resources Identifies Promising Gold Anomalies at Kadji Project

Surefire Resources NL has announced the identification of significant gold anomalies at its Kadji Gold Project in Western Australia. The project, which covers the underexplored Koolanooka Greenstone Belt, shows promising results from historical exploration activities that were not previously followed up due to past gold prices. With current gold prices at exceptional levels, Surefire is committed to advancing exploration programs to define drill targets and assess the scale of mineralization, potentially enhancing its industry positioning and providing updates to stakeholders.

Surefire Resources Identifies Promising Conductor at Copper Hill

Surefire Resources NL has completed a moving-loop ground electromagnetic (MLEM) survey at its Copper Hill Project, identifying a significant bedrock conductor. This discovery, located near the company’s Yidby Gold Project, is expected to guide future drilling efforts for copper sulphides, potentially enhancing Surefire’s positioning in the VMS deposit exploration sector.

Surefire Resources Identifies Key Conductor at Copper Hill Project

Surefire Resources NL has completed a moving-loop ground electromagnetic survey at its Copper Hill Project, identifying a significant bedrock conductor. This finding is crucial as it will guide future drilling efforts targeting copper sulphides, potentially enhancing Surefire’s exploration success and positioning in the mining sector.

Surefire Resources Unveils Promising Gold Discoveries at Yidby Project

Surefire Resources NL has announced promising results from its Yidby Gold Project, highlighting the discovery of extensive gold mineralization. The recent drilling program has confirmed the presence of thick mineralized zones with high grades, reinforcing the potential of the Yidby Gold system. The findings suggest that the mineralization is open at depth and along strike, and the company plans to commence a maiden JORC Mineral Resource Estimate and submit a Mining Licence application.