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Bulletin Resources Limited (BNR) AI Stock Analysis

AU:BNR

Bulletin Resources Limited

(ASX:BNR)

Select Model
Rating:45Neutral
Price Target:AUD 0.03â–¼(-16.13% Downside)
Action:reiterated
Date:09/27/26

The overall score of 45 is driven primarily by very weak and volatile profitability and cash generation despite a conservative, debt-free balance sheet, with a soft technical setup and only moderately attractive valuation given the lack of stable earnings.

Positive Factors
Debt-free balance sheetZero reported debt reduces financial risk and avoids interest obligations that could consume funds during weak operating periods. This gives Bulletin greater flexibility to preserve its capital base, fund exploration selectively, and pursue opportunities without immediate leverage-related pressure.
Negative Factors
Revenue has fallen to zeroZero revenue in the latest annual period shows that the company is not currently demonstrating a recurring operating income stream. Without dependable revenue, funding for exploration and corporate activity depends more heavily on existing capital or future financing and asset transactions.

Bulletin Resources Limited (BNR) vs. iShares MSCI Australia ETF (EWA)

-60%-40%-20%0%20%40%AU:BNR-34.04%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 9.10M
Dividend Yield
―
Average Volume (3M)
339.91K
Price to Earnings (P/E)
-16.3
Beta (1Y)
-0.62
Revenue Growth
―
EPS Growth
-132.20%
Country
Australia
Employees
3
Sector
Basic Materials
Sector Strength
61
Industry
Gold

Bulletin Resources Limited Business Overview & Revenue Model

Company Description

Bulletin Resources Limited is an Australian company primarily engaged in mineral exploration, focusing on identifying deposits of gold, lithium, and nickel. The company's portfolio includes several key projects: the Lake Rebecca gold project, located...

Bulletin Resources Limited Financial Statement Overview

Summary

Financial performance is weak, with no revenue and a sizeable net loss in 2026, negative operating and free cash flows in most years, and only the debt-free, ~AUD 13m equity base providing some support.

Income Statement

28Negative

Balance Sheet

72Positive

Cash Flow

31Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue0073.18K211.30K3.11M357.83K
Gross Profit0-13.68K-14.29K211.30K3.10M353.97K
EBITDA-1.43M-1.42M2.51M-2.19M185.86K-1.43M
Net Income-569.63K-569.63K1.75M-647.20K563.58K462.69K
Balance Sheet
Total Assets13.85M13.85M15.12M12.48M12.76M10.76M
Cash, Cash Equivalents and Short-Term Investments13.50M13.50M14.76M10.92M11.17M8.21M
Total Debt000000
Total Liabilities526.90K526.90K1.23M525.01K856.10K344.78K
Stockholders Equity13.32M13.32M13.89M11.96M11.90M10.41M
Cash Flow
Free Cash Flow-1.24M-1.24M-1.18M-1.56M1.41M-1.90M
Operating Cash Flow-1.22M-1.22M-1.18M-1.56M1.41M-1.84M
Investing Cash Flow504.56K504.56K1.04M1.02M43.86K3.78M
Financing Cash Flow00183.59K2,22204.37M

Bulletin Resources Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price0.03

Price Trends

50DMA0.03Positive
100DMA0.03Negative
200DMA0.04Negative

Market Momentum

MACD-0.00Negative
RSI58.82Neutral
STOCH50.00Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BNR, the sentiment is Positive. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of -0.00 indicates Negative momentum. The RSI at 58.82 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BNR.

Bulletin Resources Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:BNR against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
AU:FNRAU:FNR46NeutralAUD 10.36M-11.78-12.64%――-28.00%
AU:NESAU:NES45NeutralAUD 5.57M-10.00-24.46%――0.00%
AU:NWMAU:NWM45NeutralAUD 9.46M-23.33-4.80%――66.67%
AU:BNRAU:BNR45NeutralAUD 9.10M-16.32-3.57%――-132.20%
AU:RR1AU:RR144NeutralAUD 15.89M-2.79-33.13%――-345.45%
AU:AUVAU:AUV42NeutralAUD 5.54M-0.55-171.60%――22.92%

* Basic Materials Sector Average

Performance Comparison

0%100%200%AU:BNRAU:AUVAU:NWMAU:RR1AU:FNRDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:BNR and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:BNRBulletin Resources Limited0.03-0.02-34.04%
AU:AUVSipa Resources Limited0.01-0.01-50.00%
AU:NWMNorwest Minerals Ltd.0.010.000.00%
AU:RR1Reach Resources Limited0.010.0020.00%
AU:NESNelson Resources Ltd.―――
AU:FNRFar Northern Resources Limited0.14-0.01-3.33%

Bulletin Resources Limited Corporate Events

Bulletin Resources Advances Lake Rebecca Gold Targets on Strong Cash Position

Oct 29, 2026

Bulletin Resources Limited reported an active quarter at its Lake Rebecca Gold Project in Western Australia, progressing multiple early-stage gold targets through geophysical and geochemical work. The company’s exploration strategy is centred o...

Bulletin Resources Sets November Date for Perth Annual General Meeting

Oct 22, 2026

Bulletin Resources Limited has called its Annual General Meeting for 9.00 a.m. WST on 26 November 2026 at its Newcastle Street offices in Perth, Western Australia. The notice advises shareholders to review the meeting materials carefully and seek pro...

Bulletin Resources Sets Date and Director Nomination Deadline for 2026 AGM

Sep 22, 2026

Bulletin Resources Limited has announced it will hold its Annual General Meeting on Thursday, 26 November 2026, providing formal notice to shareholders and the market. The company has also set Wednesday, 30 September 2026 as the deadline for receipt...

Bulletin Resources Updates ASX Corporate Governance Disclosures

Sep 21, 2026

Bulletin Resources Limited has lodged its Appendix 4G and confirmed that its corporate governance statement for the year to 30 June 2026 is current as of 21 September 2026 and approved by the board. The statement, accessible on the company’s we...

Bulletin Resources Details Governance Framework in 2026 Annual Report

Sep 21, 2026

Bulletin Resources Limited, listed on the Australian Securities Exchange under the ticker BNR, operates from Perth with a non-executive board and a company secretary overseeing governance. The company relies on established firms for audit, banking, l...

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: Sep 27, 2026