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Blackstone Minerals Ltd
(Sydney:BSX)
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Rating:43Neutral
Price Target:
AU$0.03
▼(-34.00% Downside)
Action:Reiterated
Date:10/01/26
The score is driven primarily by weak financial performance—minimal/unstable revenue, persistent losses, and ongoing cash burn that may require continued funding—despite a low-leverage balance sheet. Technicals add pressure with the price below major moving averages and negative MACD. Valuation is less supportive because losses make the P/E negative and there is no dividend yield data.
Positive Factors
Low leverage
Very low leverage reduces refinancing pressure and preserves financial flexibility while the company funds exploration and development. This gives management more room to allocate capital or respond to operating setbacks than a highly indebted balance sheet would, although it does not solve profitability.
Negative Factors
Minimal and volatile revenue
Revenue remains minimal and volatile, falling to zero in 2026 from 31.7k in 2025 and 55.5k in 2024. This lack of a dependable revenue base limits internal funding, makes results difficult to forecast, and leaves the business reliant on successful project commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage reduces refinancing pressure and preserves financial flexibility while the company funds exploration and development. This gives management more room to allocate capital or respond to operating setbacks than a highly indebted balance sheet would, although it does not solve profitability.
Read all positive factors
Blackstone Minerals Ltd (BSX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$58.01M
Dividend YieldN/A
Average Volume (3M)608.24K
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue GrowthN/A
EPS Growth46.91%
CountryAU
Employees8
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,721,659,900
10 Day Avg. Volume732,691
30 Day Avg. Volume608,240
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.64
Price to Sales (P/S)0.00
P/FCF Ratio-6.25
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)>-0.01
Revenue Forecast (FY)N/A
Blackstone Minerals Ltd Business Overview & Revenue Model
Company Description
Blackstone Minerals Limited focuses on the discovery and advancement of various mineral deposits. The company primarily targets valuable metals such as nickel, cobalt, copper, gold, platinum, and palladium. It fully owns the Gold Bridge project, a...
Blackstone Minerals Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
63
Positive
Cash Flow
33
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 31.68K | 55.53K | 312.87K | 35.90K |
| Gross Profit | -54.54K | -869.34K | -1.11M | -996.49K | -1.12M |
| EBITDA | -12.02M | -10.09M | -20.72M | -34.58M | -34.84M |
| Net Income | -14.56M | -9.72M | -17.33M | -32.15M | -31.94M |
Balance Sheet | |||||
| Total Assets | 118.54M | 83.65M | 19.25M | 36.72M | 70.13M |
| Cash, Cash Equivalents and Short-Term Investments | 13.74M | 582.89K | 4.16M | 12.56M | 40.75M |
| Total Debt | 77.21K | 241.60K | 1.12M | 436.92K | 699.23K |
| Total Liabilities | 1.24M | 3.67M | 2.99M | 6.33M | 6.62M |
| Stockholders Equity | 87.45M | 84.14M | 20.06M | 31.52M | 62.65M |
Cash Flow | |||||
| Free Cash Flow | -8.98M | -5.94M | -14.97M | -27.98M | -36.42M |
| Operating Cash Flow | -8.93M | -5.94M | -13.72M | -27.91M | -35.82M |
| Investing Cash Flow | -252.37K | -811.42K | -723.88K | -249.46K | -10.19M |
| Financing Cash Flow | 21.96M | 3.19M | 6.20M | -294.24K | 65.03M |
Blackstone Minerals Ltd Technical Analysis
Negative
0.05
Price Trends
0.04
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Positive
19.13
Positive
-37.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BSX, the sentiment is Negative. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 19.13 is Positive, neither overbought nor oversold. The STOCH value of -37.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:BSX.
Blackstone Minerals Ltd 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% | |
52 Neutral | AU$83.98M | -8.18 | -7.34% | ― | -100.00% | 22.03% | |
47 Neutral | AU$66.74M | -14.34 | -8.65% | ― | ― | 1.22% | |
46 Neutral | AU$35.67M | -3.89 | -25.49% | ― | ― | -100.00% | |
44 Neutral | AU$80.19M | -31.82 | -2.99% | ― | -100.00% | 70.00% | |
44 Neutral | AU$53.89M | -10.13 | -5.52% | ― | ― | 98.14% | |
43 Neutral | AU$58.01M | -3.95 | -16.19% | ― | ― | 46.91% |
* Basic Materials Sector Average
AU:BSX
Blackstone Minerals Ltd
0.03
-0.05
-57.50%
AU:AVL
Australian Vanadium
0.22
-0.03
-12.00%
AU:E25
Element 25 Limited
0.25
-0.08
-24.62%
AU:HAS
Hastings Technology Metals Limited
0.23
-0.34
-59.44%
AU:EMH
European Metals Holdings Limited
0.15
-0.05
-25.00%
AU:NNL
Nordic Nickel Limited
0.18
-0.05
-20.45%
Blackstone Minerals Ltd Corporate Events
Blackstone Minerals Moves AGM and Shareholder Communications Online
Oct 5, 2026
Blackstone Minerals will hold its Annual General Meeting on 6 November 2026 in West Perth, offering shareholders the option to attend in person or vote via proxy or online ahead of the meeting. The company is shifting to electronic distribution of...
Blackstone Minerals Updates ASX Corporate Governance Disclosures
Sep 30, 2026
Blackstone Minerals Limited has lodged its updated corporate governance statement for the financial year ended 30 June 2026, confirming compliance with ASX Listing Rules regarding disclosure of governance practices. The statement, current as of 30...
UBS Group AG Ceases to Be Substantial Holder in Blackstone Minerals
Sep 25, 2026
UBS Group AG and its related bodies corporate have notified Blackstone Minerals Ltd that they have ceased to be a substantial shareholder as of 23 September 2026. The change in UBS’s relevant interest in Blackstone’s voting securities,...
Blackstone Sets 2026 AGM Date and Director Nomination Deadline
Sep 18, 2026
Blackstone Minerals has scheduled its next Annual General Meeting for 6 November 2026, aligning with ASX Listing Rule requirements. The company has set a 25 September 2026 deadline, by 5:00 p.m. WST, for shareholders to submit nominations for cand...
Blackstone advances Mankayan pre-feasibility study with strong cash backing
Jul 29, 2026
Blackstone Minerals has advanced work on a pre-feasibility study for the Mankayan copper-gold-silver project, appointing key consultants for mining, processing, infrastructure and resource estimation. The study, which began in June 2026 and is due...
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.