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Pure Resources Limited
(Sydney:PR1)
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Rating:45Neutral
Price Target:
AU$0.28
▲(8.85% Upside)
Action:Reiterated
Date:10/04/26
The score is held back primarily by persistent losses and ongoing cash burn, alongside weak technical momentum with price trading below all major moving averages. A comparatively low-leverage balance sheet provides some support, while valuation is hard to assess given negative earnings and no dividend data.
Positive Factors
Low leverage
Low leverage reduces balance-sheet strain and leaves more financial flexibility than a highly indebted exploration company would have. This can help Pure Resources sustain mineral exploration and manage funding needs while operating performance remains under development.
Negative Factors
Persistent and deepening losses
Persistent losses and worsening operating performance show that Pure Resources has not yet established a profitable operating model. Continued deficits can erode equity over time, limit internally generated funding, and increase reliance on successful exploration outcomes or external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Low leverage reduces balance-sheet strain and leaves more financial flexibility than a highly indebted exploration company would have. This can help Pure Resources sustain mineral exploration and manage funding needs while operating performance remains under development.
Read all positive factors
Pure Resources Limited (PR1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$20.75M
Dividend YieldN/A
Average Volume (3M)15.56K
Price to Earnings (P/E)―
Beta (1Y)1.34
Revenue Growth-33.12%
EPS Growth-40.74%
CountryAU
Employees148
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.05
Shares Outstanding71,563,126
10 Day Avg. Volume6,351
30 Day Avg. Volume15,565
Financial Highlights & Ratios
PEG Ratio-0.22
Price to Book (P/B)4.65
Price to Sales (P/S)221.07
P/FCF Ratio-15.52
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
Pure Resources Limited Business Overview & Revenue Model
Company Description
Pure Resources Limited engages in the acquisition, exploration, and development of mineral resource properties in Australia, Canada, Finland. It primarily explores for nickel, gold, copper, lithium, deposits. The company was incorporated in 2021 a...
Pure Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
29
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 101.55K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 58.15K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -2.08M | -1.75M | -991.95K | -699.09K | -1.30M |
| Net Income | -2.44M | -1.44M | -901.12K | -752.40K | -1.58M |
Balance Sheet | |||||
| Total Assets | 5.31M | 2.40M | 2.87M | 4.00M | 4.57M |
| Cash, Cash Equivalents and Short-Term Investments | 3.67M | 481.89K | 1.24M | 2.54M | 4.21M |
| Total Debt | 75.16K | 110.78K | 36.97K | 75.16K | 122.39K |
| Total Liabilities | 476.80K | 284.45K | 144.25K | 364.54K | 252.23K |
| Stockholders Equity | 4.83M | 2.11M | 2.72M | 3.64M | 4.31M |
Cash Flow | |||||
| Free Cash Flow | -1.45M | -1.47M | -1.48M | -1.66M | -33.31K |
| Operating Cash Flow | -1.45M | -1.42M | -1.08M | -476.61K | -543.00 |
| Investing Cash Flow | 107.55K | 49.10K | -168.31K | -1.18M | -32.77K |
| Financing Cash Flow | 4.52M | 603.92K | -42.00K | -19.20K | 4.70M |
Pure Resources Limited Technical Analysis
Negative
0.26
Price Trends
0.30
Negative
0.38
Negative
0.36
Negative
Market Momentum
>-0.01
Positive
38.99
Neutral
22.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PR1, the sentiment is Negative. The current price of 0.26 is below the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.30, and below the 200-day MA of 0.36, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.99 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PR1.
Pure Resources 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% | |
48 Neutral | AU$25.61M | -4.77 | -81.89% | ― | ― | -41.30% | |
46 Neutral | AU$16.00M | -3.50 | -42.15% | ― | -11.28% | 41.18% | |
45 Neutral | AU$20.75M | -6.36 | -65.71% | ― | -33.12% | -40.74% | |
45 Neutral | AU$17.18M | -3.70 | -21.01% | ― | ― | 93.65% | |
43 Neutral | AU$19.28M | -1.09 | -114.28% | ― | ― | -231.58% | |
40 Underperform | AU$18.04M | -2.12 | -26.48% | ― | ― | 79.00% |
* Basic Materials Sector Average
AU:PR1
Pure Resources Limited
0.29
0.11
61.11%
AU:LIT
Lithium Australia NL
0.01
>-0.01
-28.57%
AU:MGU
Magnum Mining and Exploration Limited
0.01
0.00
0.00%
AU:WIN
Widgie Nickel Limited
0.02
-0.03
-56.52%
AU:YUG
Lykos Metals Limited
0.06
<0.01
14.81%
AU:GRE
Greentech Metals Ltd.
0.05
>-0.01
-11.11%
Pure Resources Limited Corporate Events
Pure Resources Files ASX Corporate Governance Statement and Appendix 4G
Sep 30, 2026
Pure Resources Limited has filed its corporate governance statement for the year ended 30 June 2026, making it accessible to shareholders through its investor website in line with ASX requirements. The document sets out how the company applies the...
Pure Resources Releases 2026 Annual Report and Cash Flow Reconciliation
Sep 30, 2026
Pure Resources Limited has released its Annual Report and full year statutory accounts for the financial year ended 30 June 2026. The company, listed on the ASX and based in Western Australia, continues to operate within the resources sector and a...
Pure Resources advances rare earth recovery project with Oak Ridge lab
Sep 23, 2026
Pure Resources has advanced its collaboration with the U.S. Oak Ridge National Laboratory on a Strategic Partnership Project to recover a full suite of rare earth elements from garnet sourced at its Garnet Hills Project. The programme has moved in...
Pure Resources plans issue of 400,000 long-dated options
Sep 3, 2026
Pure Resources Limited has lodged a notice with the ASX for a proposed issue of securities, outlining its plan to issue up to 400,000 options under the code PR1OC. The options are scheduled for issue on 4 September 2026 and will expire on 11 Decem...
Pure Resources strengthens TEMPERON programme with key hire and breakthrough CNTF performance data
Sep 2, 2026
Pure Resources Limited has consolidated its carbon nanotube fibre thermal management activities under the TEMPERON brand, formalising a single identity for its technology and future products while maintaining its existing research collaboration wi...
Pure Resources Adds Former Navy Chief to Advisory Board to Bolster Defence Strategy
Aug 2, 2026
Pure Resources has appointed retired Vice Admiral Michael Noonan, former Chief of the Royal Australian Navy, to its advisory board for a twelve-month term to support execution of its Defence Materials Platform strategy in Australia. His role inclu...
Pure Resources pivots to defence-focused advanced materials platform
Jul 31, 2026
Pure Resources Limited has formalised a Defence Materials Platform Strategy that consolidates premium andradite garnet, large to jumbo flake graphite and heavy rare earth element streams from its Garnet Hills Project into a unified, defence-aligne...
Pure Resources issues new shares on option exercise, boosts free float
Jul 28, 2026
Pure Resources Limited has issued 110,000 fully paid ordinary shares following the exercise of listed options priced at $0.25 each, expiring in December 2028. The shares were issued without a prospectus under existing Corporations Act provisions, ...
Pure Resources Seeks ASX Quotation for Additional Ordinary Shares
Jul 28, 2026
Pure Resources Limited has lodged an application with the ASX for quotation of 110,000 ordinary fully paid shares under its ticker PR1, issued on 28 July 2026. The modest increase in quoted securities slightly broadens the company’s share ba...
Pure Resources validates premium garnet quality as Garnet Hills testwork advances
Jul 27, 2026
Pure Resources has advanced metallurgical work on its Garnet Hills Project, with independent laboratories in Malaysia confirming that its garnet product is clean, well graded and compliant with international abrasive standards, including minimum h...
Pure Resources offloads non-core Mt Monger gold project while retaining upside
Jul 24, 2026
Pure Resources Limited has agreed to sell its non-core Mt Monger gold exploration project in Western Australia to AFT Gold Assets for A$20,000 in cash at settlement. The company describes Mt Monger as a legacy asset that no longer aligns with its ...
Pure Resources advances carbon nanotube heat-routing technology with Rice University
Jul 5, 2026
Pure Resources has reported a major advance in its Pure Thermal Management strategy through peer-reviewed validation of carbon nanotube fibre textiles and successful in-house fabrication in partnership with Rice University. The research shows thes...
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.