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: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 37 Underperform
• Price Target: $0.00 ▼(-100.00% 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.

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 is showing promising revenue growth but continues to face challenges with profitability and cash flow management. The company's low leverage provides some financial stability, but the negative return on equity and cash flow ratios indicate ongoing financial challenges. Future success will depend on improving profitability and cash conversion efficiency.

Income Statement

Surefire Resources NL has shown a significant increase in revenue from 2023 to 2024, achieving a growth rate of approximately 344%. However, the company is still operating at a loss, with a negative net profit margin of -469% in 2024. The EBIT and EBITDA margins are also negative, indicating ongoing operational challenges. Despite revenue growth, profitability remains a concern.

Balance Sheet

The company's balance sheet reveals a moderate debt-to-equity ratio of 0.05 in 2024, suggesting low leverage. However, the return on equity is negative due to ongoing net losses, which is a concern for investors. The equity ratio of 14.9% indicates that stockholders' equity accounts for a small portion of total assets, reflecting a need for financial strengthening.

Cash Flow

Surefire Resources NL's cash flow analysis indicates a negative free cash flow, highlighting ongoing operational challenges. The operating cash flow to net income ratio suggests the company is not yet converting its operational activities into cash effectively. Despite this, the company has managed to secure financing, reflecting potential for future stabilization.

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$14.02M	―	-45.16%	―	―	-563.16%
CTN	42 Neutral	AU$9.70M	―	-40.27%	―	―	-114.29%
CR1	40 Underperform	AU$18.49M	―	-213.82%	―	―	-32.39%
CPN	38 Underperform	AU$20.70M	―	-122.97%	―	―	24.25%
SRN	37 Underperform	―	―	-26.26%	―	―	78.57%
DM1	37 Underperform	AU$5.04M	―	-21.73%	―	―	91.79%

Surefire Resources NL Corporate Events

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.

Surefire Resources NL Applies for Quotation of 65 Million Securities

Surefire Resources NL has announced the application for the quotation of 65,112,000 securities, which are options expiring on July 11, 2027. This move is part of previously announced transactions and could potentially enhance the company’s financial flexibility and market presence, impacting its operations and stakeholder interests positively.

Surefire Resources NL Announces New Securities Issuance

Surefire Resources NL announced the issuance of new securities as part of a Shortfall Offer detailed in their prospectus. This move involves the quotation of 125,000,000 ordinary fully paid securities and 100,000,000 options expiring in July 2027, which could impact the company’s capital structure and market positioning.

Surefire Resources NL Issues New Securities to Boost Capital

Surefire Resources NL has announced the issuance of 528,250,000 ordinary fully paid securities and 422,600,000 options expiring on July 11, 2027, as part of a Shortfall Offer detailed in their prospectus. This move is expected to enhance the company’s capital structure and potentially strengthen its market position by providing additional financial resources for its operations.

Surefire Resources Advances Yidby Gold Project with Promising Developments

Surefire Resources NL has reported significant progress on its Yidby Gold Project, located in a highly mineralized greenstone belt. The project is surrounded by multi-million-ounce gold deposits, and recent developments suggest potential for a larger gold system at depth. The gold zone at Yidby extends over 900 meters and remains open for further exploration, indicating a promising future for the company’s operations and its positioning in the gold mining sector.

Surefire Resources Addresses ASX Compliance Inquiries

Surefire Resources NL has responded to inquiries from the ASX regarding compliance with trading policies and potential breaches by its executive chairman, Mr. Nikolaenko. The company has reiterated its commitment to adhering to ASX Listing Rules and has taken steps to ensure directors are aware of securities trading policies. It plans to review its short-term trading provisions to align with ASX guidance, ensuring compliance with fixed closed periods and other regulatory requirements.

Surefire Resources Completes Drilling at Yidby Gold Project

Surefire Resources NL has completed its Reverse Circulation drilling program at the Yidby Gold Project, which aimed to test and expand the main gold zones and explore new geochemical zones. The program, which included 31 drill holes covering 3972 meters, is part of a larger effort to assess the project’s potential, with initial assay results expected soon. This development positions Surefire strategically within a gold-rich region, potentially enhancing its market standing and offering promising implications for stakeholders.