BlackEarth Minerals NL AI Stock Analysis
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BlackEarth Minerals NL (EVG) AI Stock Analysis
BlackEarth Minerals NL
(ASX:EVG)
The overall score is very low, driven primarily by the company's pre-revenue status, substantial and accelerating cash burn, and deeply negative profitability. The strong, debt-free balance sheet is the only positive factor but is insufficient to offset the severe operational and technical headwinds. The stock is in a sustained downtrend with no valuation support.
BlackEarth Minerals NL (EVG) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 9.59M
- Dividend Yield
- ―
- Average Volume (3M)
- 1.06M
- Price to Earnings (P/E)
- -2.8
- Beta (1Y)
- 0.57
- Revenue Growth
- ―
- EPS Growth
- 58.33%
- Country
- Australia
- Employees
- 2
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Industrial Materials
BlackEarth Minerals NL Business Overview & Revenue Model
Company Description
Evion Group NL, headquartered in West Perth, Australia, functions as an integrated graphite developer with activities across Madagascar, India, and Europe. Its principal undertaking is the Maniry graphite project, located in Southern Madagascar. The...
BlackEarth Minerals NL Financial Statement Overview
Summary
Financial performance is critically weak. The company is pre-revenue with a net loss exceeding $2.7M, deeply negative margins, and an accelerating cash burn of $2.2M. The only mitigating factor is a strong, debt-free balance sheet with $12.9M in equity, which provides a runway but does not offset the severe operational losses.
Income Statement
8Very NegativeBalance Sheet
65PositiveCash Flow
10Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 149.88K | 107.88K | 90.89K | 86.44K |
| Gross Profit | -34.46K | -34.46K | 149.88K | -18.10K | 73.97K | 73.80K |
| EBITDA | -2.42M | -2.53M | -3.02M | -3.30M | -4.10M | -3.43M |
| Net Income | -2.70M | -2.70M | -3.69M | -3.21M | -3.57M | -3.44M |
Balance Sheet | ||||||
| Total Assets | 14.70M | 14.70M | 8.90M | 9.78M | 11.90M | 11.82M |
| Cash, Cash Equivalents and Short-Term Investments | 4.71M | 4.71M | 1.03M | 1.95M | 4.30M | 5.81M |
| Total Debt | 45.72K | 45.72K | 65.69K | 75.17K | 0 | 0 |
| Total Liabilities | 1.78M | 1.78M | 788.25K | 710.87K | 620.79K | 998.36K |
| Stockholders Equity | 12.92M | 12.92M | 8.11M | 9.07M | 11.28M | 10.82M |
Cash Flow | ||||||
| Free Cash Flow | -2.24M | -2.24M | -2.41M | -2.34M | -3.77M | -7.63M |
| Operating Cash Flow | -2.22M | -2.22M | -2.17M | -2.15M | -2.23M | -3.05M |
| Investing Cash Flow | -561.46K | -561.46K | -758.92K | -194.70K | -2.48M | -4.58M |
| Financing Cash Flow | 6.46M | 6.46M | 2.01M | -13.82K | 3.18M | 6.87M |
BlackEarth Minerals NL Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EVG, the sentiment is Negative. The current price of 0.01 is above the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 33.01 is Neutral, neither overbought nor oversold. The STOCH value of -77.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EVG.
BlackEarth Minerals NL Peers Comparison
Overall Rating
AU:HTM51Neutral
AU:AR342Neutral
AU:REE42Neutral
AU:VML39Underperform- AU:EVG39Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:HTM | 51Neutral | AUD 24.21M | -13.69 | -13.41% | ― | ― | 37.54% |
| AU:AR3 | 42Neutral | AUD 22.61M | -4.11 | -19.95% | ― | ― | -2.96% |
| AU:REE | 42Neutral | AUD 10.95M | -2.37 | -83.24% | ― | ― | -9.30% |
| AU:VML | 39Underperform | AUD 18.34M | -1.01 | -29.51% | ― | -100.00% | -164.77% |
| AU:EVG | 39Underperform | AUD 10.46M | -2.75 | -24.49% | ― | ― | 58.33% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:EVG | BlackEarth Minerals NL | 0.01 | -0.02 | -63.33% | |
| AU:REE | RareX Limited | 0.01 | -0.02 | -69.70% | |
| AU:VML | Vital Metals Ltd | 0.07 | -0.16 | -69.36% | |
| AU:AR3 | Australian Rare Earths Limited | 0.09 | -0.15 | -63.83% | |
| AU:HTM | High-Tech Metals Limited | 0.24 | -0.07 | -20.97% | |
| AU:AXL | Axel REE Ltd. | 0.06 | -0.03 | -36.67% |
BlackEarth Minerals NL Corporate Events
Evion Confirms Vesting of 12.61 Million Performance Rights
Evion Group NL is a graphite development company focused on the Maniry Graphite Project and the production and supply of graphite concentrate for the battery materials market.The company confirmed the vesting of 12.61 million performance rights after...
Evion Group Sets November Date for 2026 AGM and Moves Investor Materials Online
Evion Group NL has scheduled its 2026 Annual General Meeting of shareholders to be held in person in Perth on 25 November at 10:00am WST, reinforcing its commitment to formal governance processes. The company has set 23 November as the share registry...
Evion Secures First Critical Minerals Mining Permits Under Madagascar’s New Code
Evion Group has secured mining permits for its Maniry Graphite Project, making it the first critical minerals operation approved under Madagascar’s new Mining Code and reinforcing its strategic backing from both the Malagasy Government and the Europe...
Evion launches high‑resolution drone survey at Carp fluorspar project in Nevada
Evion Group NL has begun a high‑resolution drone magnetic survey at its Carp Fluorspar Project in Nevada, advancing a staged exploration program at the historic fluorspar mine. The work aims to improve understanding of regional and local structural t...
Evion Group Relocates Registered Office to Central Perth Address
Evion Group NL has announced an immediate change to its registered office and principal place of business, relocating its corporate headquarters to Level 3, 267 St Georges Terrace in Perth, Western Australia. The move consolidates the company’s opera...
EVION Group Updates Market on Director David Round’s Securities Interests
EVION Group NL has reported a change notice relating to director David Round’s interests in the company’s securities, detailing his indirect holdings through the David Round Family account and Averio Investments Pty Ltd. The notice outlines existing...
Evion Group Builds Vertically Integrated Critical Minerals Platform
Evion Group NL has assembled a portfolio of strategic critical minerals assets, including the Maniry graphite project in Madagascar, an expandable graphite operation in India, and the Carp fluorspar project in Nevada. The company is progressing minin...
Evion Group Sets Timetable for 2026 AGM and Board Nominations
Evion Group NL has announced that its next Annual General Meeting will be held on or after 25 November 2026, in line with ASX Listing Rule obligations and its corporate constitution. The meeting timing signals the forthcoming cycle of governance and...
Evion Sees UN Critical Minerals Push Bolstering Madagascar Graphite Project
Evion Group NL has highlighted Madagascar’s selection as one of six founding partner countries in a new United Nations Country Support Mechanism on Critical Energy Transition Minerals, led by UNDP and other UN agencies. The mechanism aims to bolster...
Evion Secures Premium-Priced First South-East Asian Graphite Order
Evion Group’s Panthera Graphite Technologies joint venture has secured its first South-East Asian order, a 20-tonne shipment of expandable graphite to Ho Chi Minh City, Vietnam. The contract is priced at US$3,650 per tonne FOB, roughly 7% above the t...
Evion Group Options Lapse, Trimming Potential Equity Dilution
Evion Group NL has notified the market that a large tranche of listed options has lapsed, as detailed in an Appendix 3H lodged with the ASX. The update confirms that 60,231,722 EVGAT options, exercisable at $0.03 and due to expire on 27 September 202...
Evion Joins Key U.S. Defense Consortium to Advance Fluorspar and Graphite Supply
Evion Group NL has been admitted to the United States Defense Industrial Base Consortium, giving the Australian miner direct access to a key U.S. Department of Defense contracting channel outside traditional procurement rules. The move complements Ev...
EVION Group Director David Round Increases Indirect Shareholding
EVION Group NL has reported a change in the indirect securities holdings of director David Round through Averio Investments Pty Ltd as trustee of the DEJA Round Super Fund. The director’s relevant interest increased by a total of 1,000,000 ordinary f...
Evion Group Issues 1.75m Unquoted Performance Rights Under Incentive Plan
EVION GROUP NL has notified the market of a new issue of unquoted equity securities in the form of performance rights, which will expire on June 30, 2027. The securities, carrying the ASX code EVGAB, are part of the company’s ongoing employee incenti...
Evion Group Plans Multi‑Million Option Issue on ASX
Evion Group NL has notified the ASX of a proposed issue of new options as part of a placement or other type of security issue. The options will be exercisable at A$0.03 each, with a six‑month term from their issue date, and will be created as a new c...
Evion Group Offers New Options to Existing EVGAT Holders
Evion Group NL has announced it will offer a new series of unquoted options to holders of its existing EVGAT options as those securities approach their September 2026 expiry. Eligible investors recorded at 5pm WST on 27 September 2026 will receive on...
Evion Moves to Cancel Unpaid Placement Shares and Options
Evion Group NL has moved to unwind part of a recent capital raising after certain participants in an upsized second tranche failed to settle their commitments. The original placement raised about A$6.5 million and saw shares and attaching options ful...
Evion Uncovers New High-Potential Fluorspar Target at Nevada Carp Project
Evion Group has identified a new, untested fluorspar target at its Carp project in Nevada, mapping a 200m by 200m zone of barite-fluorite pathfinder alteration and hydrothermal brecciation around 300m southwest of the historically highest-producing S...
Evion Secures First Binding Offtake Deal for Maniry Graphite Project
Evion Group has signed its first binding supply agreement for natural flake graphite concentrate from the Maniry Graphite Project with an established German purchaser. The terms sheet covers a minimum of about 10,000 tonnes per year over five years,...
Evion Group Halts Trading Ahead of Material Maniry Graphite Agreement
Evion Group NL, formerly known as BlackEarth Minerals NL, is an ASX-listed resources company focused on graphite development, with its key asset being the Maniry Graphite project in Madagascar. The company operates in the battery and industrial miner...
EVION Director Consolidates Option Holdings Under Super Fund Structure
EVION Group NL has reported a change in the way director Malcolm Randall holds his securities, without altering his overall beneficial interest in the company. Randall has transferred his 10 million unlisted options, previously held directly, into Re...
Evion Group Builds Vertically Integrated Critical Minerals Platform
Evion Group NL outlines a portfolio of strategic graphite and fluorspar assets designed to underpin a vertically integrated critical minerals business. Its core Maniry graphite project in Madagascar, supported by JORC-compliant resource and reserve w...
Evion schedules investor webinar to showcase critical minerals transformation
Evion Group NL will host a live investor and shareholder webinar on 20 August 2026, led by managing director David Round. The session will present the company’s latest corporate update and outline its transformation over the past six months into a mu...
Evion to Release 2.1 Million Shares From Voluntary Escrow
Evion Group NL has notified the market that 2,088,608 fully paid ordinary shares will be released from voluntary escrow on 24 August 2026, in accordance with ASX Listing Rule 3.10.A. The end of this escrow period will increase the number of free-trad...
Evion Group Reveals Concentrated Ownership in Listed Options Register
Evion Group NL has released an updated top holders report for its EVGOA listed options and EVGOAESC escrowed options, detailing the distribution of holdings among major shareholders as of 13 August 2026. The report shows that the top 20 option holder...
Evion Sees U.S. AGOA Extension Bolstering Strategic Value of Madagascar Graphite Project
Evion Group is advancing its Maniry Graphite Project in Madagascar to supply graphite concentrate and downstream products such as expandable graphite and battery anode material, aiming to serve markets aligned with U.S. trade and security policy. The...
Evion Group Clears Regulatory Path for On-Sale of 57 Million New Shares
Evion Group NL has issued 57,119,849 new shares on 11 August 2026 under an approved shareholder resolution, and has lodged a notice under section 708A(5)(e) of the Corporations Act to clarify the regulatory status of these securities. The move is des...
EVION Group Seeks ASX Quotation for New Shares and Options
EVION GROUP NL has applied for quotation on the ASX of 57,119,849 ordinary fully paid shares and 291,933,334 options expiring in August 2029, all issued on 11 August 2026. The move formalises the listing of these securities previously flagged to the...
Evion Group reveals tightly held options register with top 20 controlling 78%
Evion Group NL has disclosed the top 20 holders of its EVGOA listed options, exercisable at $0.05 and expiring in August 2029, showing a highly concentrated register where the leading investors each control between roughly 1% and 10% of the class. Th...
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 26, 2026