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Home CompaniesMinrex Resources Ltd

Minrex Resources Ltd

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
0.01 AUD 0.00 ( 11.11%)
Last update at 2026-11-10T23:00:00Z
VOLUME
434983
Market Cap
27.86M

Momentum Score

…

Northstone Resources Limited engages in the exploration and development of mineral properties in Australia and Europe. The company explores for gold, silver, and copper deposits. Its flagship property is the Tlamino Project comprising two granted mineral exploration permits and three permit applications that covers approximately an area of 400 square kilometer located in southern Serbia along the Serbo-Macedonian Massif. The company was formerly known as MinRex Resources Limited and changed its name to Northstone Resources Limited in October 2026. Northstone Resources Limited was incorporated in 2011 and is based in West Perth, Australia.

Source: TradingView
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Day Price Range
0.01
Low
0.01
High
52 Week Price Range
0.01
Low
0.03
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Minrex Resources Ltd is an Australian-listed mineral exploration company that appears to focus on acquiring and advancing early-stage mineral tenements. Long-term growth may be driven by successful exploration results, favourable commodity prices and the ability to secure joint ventures or development funding. It may appeal to investors seeking leveraged exposure to commodity upside and discovery optionality inherent in junior explorers.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.01
Dividend Yield
-
Revenue TTM
0.42M
Revenue Per Share
-
Gross Profit TTM
0.42M
Debt / Equity
0.00
ROE
-11.75%
Net Debt
-6.05M
ROCE
-6.72%
Diluted EPS TTM
-

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax -2.43M -2.36M -4.30M -17.31M -2.72M
Net income -2.43M -2.36M -4.30M -17.31M -2.72M
Selling general administrative - 0.78M 1.02M 1.42M 1.59M
Selling and marketing expenses - 0.03M 0.04M 0.12M 0.12M
Gross profit -0.01M 0.03M -0.07M -0.11M -0.07M
Reconciled depreciation - - 0.07M 0.11M 0.07M
Ebit -1.93M -2.86M -4.30M -17.30M -2.72M
Ebitda -1.92M -2.06M -4.23M -17.19M -2.65M
Depreciation and amortization 0.01M 0.80M 0.07M 0.11M 0.07M
Operating income -1.93M -2.07M -2.59M -2.08M -1.91M
Other operating expenses 1.93M 2.10M 2.52M 2.08M 1.91M
Interest expense 0.00M 0.00M 0.00M 0.01M 0.00M
Tax provision - 0.00M 0.00M 0.00M 0.00M
Interest income - 0.00M 0.50M 0.10M 0.00M
Net interest income - - 0.50M 0.33M 0.00M
Income tax expense - - -1.71M -0.00M 0.00M
Total revenue - 0.03M 0.01M 0.34M 0.00M
Total operating expenses 1.92M 2.10M 2.52M 1.97M 1.84M
Cost of revenue 0.01M 0.05M 0.07M 0.11M 0.07M
Total other income expense net -0.51M -0.30M -1.71M -15.22M -0.81M
Net income from continuing ops - - -4.30M -17.31M -2.72M
Net income applicable to common shares - -2.36M -4.30M -17.31M -2.72M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 29.66M 12.95M 14.81M 19.03M 34.60M
Other current assets 0.31M 8.49M - - 0.02M
Total liab 1.00M 0.19M 0.27M 0.53M 0.48M
Total stockholder equity 28.67M 12.76M 14.53M 18.50M 34.12M
Other current liab 0.19M 0.10M 0.03M 0.00M 0.00M
Common stock 60.51M 42.60M 42.61M 42.61M 41.52M
Capital stock - - - 42.61M 41.52M
Retained earnings -33.85M -31.42M -29.05M -24.75M -7.45M
Other assets - - - - 0.00M
Cash 6.05M 0.50M 9.94M 11.69M 14.19M
Total current liabilities 1.00M 0.19M 0.24M 0.46M 0.37M
Current deferred revenue - - 0.04M 0.05M 0.02M
Net debt -6.05M -0.50M -9.90M -11.58M -14.06M
Short term debt - - 0.04M 0.03M 0.02M
Short long term debt total - - 0.04M 0.11M 0.13M
Other stockholder equity - - - -0.02M -0.03M
Property plant equipment - - - 6.89M 20.15M
Total current assets 6.55M 8.99M 10.02M 11.88M 14.45M
Long term investments - - - 0.27M -
Net tangible assets - - - 18.50M 34.12M
Short term investments - 8.41M - -0.27M -
Net receivables 0.20M 0.00M 0.07M 0.06M 0.25M
Accounts payable 0.81M 0.10M 0.13M 0.37M 0.33M
Accumulated other comprehensive income 2.01M 1.58M 0.97M 0.64M 0.05M
Non currrent assets other 23.02M - 4.66M - -0.27M
Non current assets total 23.11M 3.96M 4.78M 7.15M 20.15M
Capital lease obligations - - - 0.11M 0.13M
Long term debt total - - - 0.07M 0.11M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments - - -7.94M -0.19M -0.23M
Change to liabilities - - - 0.08M -0.11M
Total cashflows from investing activities 8.35M -0.17M -7.94M -0.19M -0.23M
Net borrowings - - - -0.03M -0.03M
Total cash from financing activities -0.75M 0.17M -0.04M 1.23M 14.32M
Change to operating activities - - - -0.11M -0.14M
Net income -2.43M - -4.30M -17.31M -2.72M
Change in cash 5.55M -9.44M -9.95M -2.50M 11.74M
Begin period cash flow 0.50M 9.94M 11.69M 14.19M 2.45M
End period cash flow 6.05M 0.50M 1.74M 11.69M 14.19M
Total cash from operating activities -2.04M -1.23M -1.98M -3.54M -2.35M
Issuance of capital stock - - - 1.26M 15.09M
Depreciation 0.01M - 0.07M 0.11M 0.07M
Other cashflows from investing activities -0.00M - 0.07M -0.00M 0.00M
Dividends paid - - - 0.03M 0.70M
Change to inventory - - - 0.03M 0.11M
Change to account receivables -0.14M 0.00M 0.02M 0.20M -0.14M
Sale purchase of stock - - - -0.00M -0.74M
Other cashflows from financing activities - -0.04M -0.04M -0.03M -0.03M
Change to netincome - - - 0.32M 0.55M
Capital expenditures 0.04M 0.00M 0.15M 0.15M 0.30M
Change in working capital 0.09M -0.01M -0.10M 0.17M -0.25M
Stock based compensation - - - 0.00M 0.00M
Other non cash items 0.30M -1.22M 2.43M 13.44M 0.93M
Free cash flow -2.08M -1.23M -2.13M -3.69M -2.65M

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
MRR
Minrex Resources Ltd		 0.00
11.11%		 0.01 - - 66.97 0.75 -1.28
BHP
BHP Group Ltd		 -0.78
1.29%		 59.61 20.70 15.82 5.10 4.00 6.71
RIO
Rio Tinto Ltd		 -3.30
2.14%		 150.57 14.04 12.02 4.03 2.49 6.74
GLC
Glencore Plc		 0.27
2.69%		 10.30 15.15 11.30 0.38 1.95 7.60
FMG
Fortescue Ltd		 -0.37
2.40%		 15.05 11.31 13.61 2.81 1.51 4.32

Profile*

Minrex Resources Ltd

Northstone Resources Limited engages in the exploration and development of mineral properties in Australia and Europe. The company explores for gold, silver, and copper deposits. Its flagship property is the Tlamino Project comprising two granted mineral exploration permits and three permit applications that covers approximately an area of 400 square kilometer located in southern Serbia along the Serbo-Macedonian Massif. The company was formerly known as MinRex Resources Limited and changed its name to Northstone Resources Limited in October 2026. Northstone Resources Limited was incorporated in 2011 and is based in West Perth, Australia.

7 Havelock Street, West Perth, WA, Australia, 6005

61 8 6102 2039

https://www.minrex.com.au

Name Title Year Born
Mr. Conrad George-Manuel Karageorge BSc(Geology), MAusIMM MD, CEO & Director NA
Mr. Ian Shackleton Exploration Mang., Technical Director & Director NA
Mr. Stuart Leslie Till Chief Operating Officer NA
Mr. Kavi Bekarma B.Sc., C.A. Company Sec. NA
Mr. Ian Shackleton Exploration Manager, Technical Director & Director NA
Mr. Johnathon Busing Company Secretary NA
Mr. Ian Shackleton Exploration Manager, Technical Director & Director NA
Mr. Johnathon Busing Company Secretary NA
Mr. Ian Shackleton Exploration Manager, Technical Director & Director NA
Mr. Johnathon Busing Company Secretary NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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