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Bathurst Resources Limited (ASX:BRL)

ALERT: Price-sensitive ASX Announcement for BRL
Current share price for BRL : $0.430 -0.14 (-24.56%)+
Announcement
Release
29 Apr 2026 3:47PM
Price at Release
$0.570
Full Release
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Summary
Bathurst Resources Limited's March 2026 Quarterly Report highlights continued financial strength in a challenging market, maintaining its EBITDA guidance at $35m-$45m despite increased fuel costs due to geopolitical conflicts. The company achieved a consolidated EBITDA of $30m year-to-date, supported by increased hard coking coal prices. Despite reduced domestic earnings, Bathurst's cash position remains robust at $141m. Significant development progress was made on projects in New Zealand and Canada, with strategic focus on the Buller Plateaux Continuation Project and the Tenas Project. The report also outlines operational challenges, particularly in domestic segments, due to shifts in energy consumption and production constraints.
Key Points
  • Maintained full year consolidated EBITDA guidance of $35m-$45m.
  • Year-to-date consolidated EBITDA of $30m.
  • Significant fuel cost increases due to conflict in Iran.
  • Hard coking coal price increases offset fuel costs.
  • Consolidated cash position at $141m as of March 31.
  • Progress on metallurgical coal projects in New Zealand and Canada.
  • Challenges in domestic segments due to decreased sales and production constraints.
  • Increased export sales volume by 96kt year-on-year.
  • Development progress on Buller Plateaux Continuation Project.
  • Financial performance affected by the US-Iran conflict and market uncertainties.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.