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Black Rock Mining Limited
(Sydney:BKT)
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Rating:43Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:Reiterated
Date:10/08/26
The score is held down primarily by weak financial performance (persistent losses and ongoing cash burn) and a soft technical backdrop (below the 200-day average with negative MACD). A low-leverage, well-capitalized balance sheet provides some support, but negative earnings and no dividend yield limit valuation attractiveness.
Positive Factors
Very low leverage and stable capital base
Minimal leverage reduces financial risk and leaves the company with greater flexibility to fund project development or absorb setbacks. A substantial, stable equity base provides a stronger platform for advancing Mahenge than a highly indebted balance sheet would.
Negative Factors
Persistent pre-revenue losses
The company has not yet established a meaningful revenue base, while recurring losses continue to absorb capital during development. Without commercial production, there is no demonstrated operating scale or evidence that future revenue will cover the current cost structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage and stable capital base
Minimal leverage reduces financial risk and leaves the company with greater flexibility to fund project development or absorb setbacks. A substantial, stable equity base provides a stronger platform for advancing Mahenge than a highly indebted balance sheet would.
Read all positive factors
Black Rock Mining Limited (BKT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$23.63M
Dividend YieldN/A
Average Volume (3M)1.13M
Price to Earnings (P/E)―
Beta (1Y)1.51
Revenue GrowthN/A
EPS Growth45.59%
CountryAU
Employees4
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,148,234,000
10 Day Avg. Volume1,519,995
30 Day Avg. Volume1,129,451
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.35
Price to Sales (P/S)0.00
P/FCF Ratio-3.18
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)0.04
Revenue Forecast (FY)AU$137.92M
Black Rock Mining Limited Business Overview & Revenue Model
Company Description
Black Rock Mining Limited, established in 2000 and headquartered in West Perth, Australia, is dedicated to the exploration and development of graphite projects within Tanzania. A key asset is its 100% ownership of the Mahenge graphite project, a 3...
How the Company Makes Money
Black Rock Mining’s business model is to progress its graphite assets—primarily the Mahenge Graphite Project—through development toward commercial production and sales of graphite products. If and when in production, the company would generate rev...
Black Rock Mining Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
74
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 4.12K | 0.00 | 0.00 |
| Gross Profit | -250.13K | -334.36K | -350.00K | -286.00K | -48.18K |
| EBITDA | -6.77M | -9.17M | -10.31M | -9.06M | -6.03M |
| Net Income | -7.25M | -8.93M | -10.08M | -9.05M | -6.08M |
Balance Sheet | |||||
| Total Assets | 63.34M | 59.42M | 63.11M | 61.32M | 57.43M |
| Cash, Cash Equivalents and Short-Term Investments | 4.94M | 2.08M | 9.10M | 11.70M | 26.09M |
| Total Debt | 356.60K | 547.60K | 477.94K | 686.35K | 536.70K |
| Total Liabilities | 3.05M | 3.09M | 3.59M | 3.82M | 2.41M |
| Stockholders Equity | 61.96M | 57.73M | 60.33M | 57.79M | 55.02M |
Cash Flow | |||||
| Free Cash Flow | -6.79M | -8.91M | -13.87M | -25.57M | -11.59M |
| Operating Cash Flow | -6.77M | -8.90M | -8.00M | -8.31M | -4.13M |
| Investing Cash Flow | -3.26M | -2.79M | -5.82M | -17.35M | -7.46M |
| Financing Cash Flow | 12.91M | 4.55M | 11.21M | 10.63M | 25.97M |
Black Rock Mining Limited Technical Analysis
Negative
0.01
Price Trends
0.01
Negative
0.01
Negative
0.01
Negative
Market Momentum
>-0.01
Negative
47.30
Neutral
>-0.01
Positive
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 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.30 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, 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% | |
59 Neutral | AU$38.55M | -902.51 | -0.13% | ― | ― | 97.78% | |
46 Neutral | AU$23.13M | -8.62 | -6.44% | ― | ― | -36.47% | |
45 Neutral | AU$26.23M | -16.67 | -11.53% | ― | ― | -783.33% | |
45 Neutral | AU$23.55M | -1.32 | -29.51% | ― | -100.00% | -164.77% | |
44 Neutral | AU$15.19M | -1.95 | -56.79% | ― | ― | 26.38% | |
43 Neutral | AU$23.63M | -3.24 | -11.28% | ― | ― | 45.59% |
* Basic Materials Sector Average
AU:BKT
Black Rock Mining Limited
0.01
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Black Rock Mining Limited Corporate Events
Black Rock Mining Updates ASX Corporate Governance Disclosures
Sep 30, 2026
Black Rock Mining Limited has lodged its updated corporate governance statement and completed Appendix 4G with the ASX for the year ended 30 June 2026. The statement, current as at 30 September 2026 and approved by the board, details the extent to...
Black Rock Mining Outlines Corporate Directory in 2026 Annual Report
Sep 30, 2026
Black Rock Mining Limited is an Australian mining company based in West Perth and listed on the ASX, with ordinary shares under the code BKT and listed options under BKTOE. Its governance is overseen by a non‑executive chair, managing direct...
Black Rock Mining Extends Mahenge Funding Timeline as Early Works Near Completion
Jul 29, 2026
Black Rock Mining has nearly completed early works at its Mahenge Graphite Project, including final community compensation for the Faru John access road and key resettlement preparations, leaving the project ready for rapid construction once fundi...
Black Rock Mining Director Increases Shareholding via Option Conversion
Jul 13, 2026
Black Rock Mining Limited has disclosed a change in the interests of director Richard Crookes, who has increased his direct shareholding through the exercise of unlisted options. The transaction involved converting 315,534 unlisted options, with a...
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.