Black Rock Mining Limited (AU:BKT)
ASX:BKT
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Black Rock Mining Limited
(Sydney:BKT)
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Rating:42Neutral
Price Target:
AU$0.01
▼(-40.00% Downside)
Action:Reiterated
Date:06/05/26
The score is primarily held back by weak financial performance (pre-revenue/unstable revenue, persistent losses, and ongoing negative operating/free cash flow), with technicals also indicating a weak trend (below major moving averages and negative MACD). The low-debt balance sheet and improved cash burn provide some support, but valuation metrics are not compelling due to negative earnings and no stated dividend yield.
Positive Factors
Balance-sheet strength
Very low leverage and substantial equity provide a durable financial buffer for this pre-revenue developer. Low debt reduces refinancing and covenants risk, improving the company's ability to pursue project permitting, engineering and staged financing without immediate creditor pressure.
Negative Factors
Pre-revenue profile
Being pre-revenue means the business cannot self-fund development from sales. Long-term value depends entirely on successful project development and future market offtake; until revenue emerges, performance is highly binary and dependent on external financing or partner agreements.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Very low leverage and substantial equity provide a durable financial buffer for this pre-revenue developer. Low debt reduces refinancing and covenants risk, improving the company's ability to pursue project permitting, engineering and staged financing without immediate creditor pressure.
Read all positive factors
Black Rock Mining Limited (BKT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$27.92M
Dividend YieldN/A
Average Volume (3M)5.95M
Price to Earnings (P/E)―
Beta (1Y)1.58
Revenue GrowthN/A
EPS Growth45.35%
CountryAU
Employees4
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,147,724,400
10 Day Avg. Volume10,124,171
30 Day Avg. Volume5,951,950
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)0.53
Price to Sales (P/S)0.00
P/FCF Ratio-3.40
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
Black Rock Mining Limited Business Overview & Revenue Model
Company Description
Black Rock Mining Limited engages in the exploration and development of graphite projects in Tanzania. It holds a 100% interest in the Mahenge graphite project covering an area of 324 square kilometres and located in Tanzania. The company was form...
How the Company Makes Money
null...
Black Rock Mining Limited Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 4.12K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -315.30K | -334.36K | -350.00K | -286.00K | -48.18K | -14.17K |
| EBITDA | -7.09M | -9.17M | -10.53M | -9.06M | -6.03M | -2.84M |
| Net Income | -7.53M | -8.93M | -10.08M | -9.05M | -6.08M | -2.85M |
Balance Sheet | ||||||
| Total Assets | 67.64M | 59.42M | 63.11M | 61.32M | 57.43M | 33.63M |
| Cash, Cash Equivalents and Short-Term Investments | 9.46M | 2.08M | 9.10M | 11.70M | 26.09M | 11.30M |
| Total Debt | 453.79K | 547.60K | 477.94K | 686.35K | 536.70K | 0.00 |
| Total Liabilities | 2.59M | 3.09M | 3.59M | 3.82M | 2.41M | 468.59K |
| Stockholders Equity | 66.60M | 57.73M | 60.33M | 57.79M | 55.02M | 33.16M |
Cash Flow | ||||||
| Free Cash Flow | -7.94M | -8.91M | -13.87M | -25.57M | -11.59M | -2.86M |
| Operating Cash Flow | -7.94M | -8.90M | -8.00M | -8.31M | -4.13M | -2.04M |
| Investing Cash Flow | -2.31M | -2.79M | -5.82M | -17.35M | -7.46M | -827.02K |
| Financing Cash Flow | 17.71M | 4.55M | 11.21M | 10.63M | 25.97M | 13.67M |
Black Rock Mining Limited Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
46.56
Neutral
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BKT, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.01, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.56 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BKT.
Black Rock Mining Limited 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% | |
49 Neutral | AU$143.94M | -3,361.63 | -0.02% | ― | ― | 99.44% | |
49 Neutral | AU$96.07M | -1,318.64 | -2.83% | ― | ― | 36.46% | |
48 Neutral | AU$28.85M | -11.05 | -11.53% | ― | ― | 37.50% | |
43 Neutral | AU$44.24M | -11.70 | -0.02% | ― | ― | 13.53% | |
42 Neutral | AU$27.92M | -3.16 | -12.11% | ― | ― | 45.35% |
* Basic Materials Sector Average
AU:BKT
Black Rock Mining Limited
0.01
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-55.56%
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Black Rock Mining Limited Corporate Events
Black Rock nears completion of early works at Mahenge graphite project
Apr 9, 2026
Black Rock Mining is nearing completion of its early works program at the Mahenge Graphite Project in Tanzania, positioning the operation to move quickly into full construction once funding is secured and a Final Investment Decision is reached. Th...
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.