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Bathurst Resources Limited (ASX:BRL)

ALERT: Price-sensitive ASX Announcement for BRL
Current share price for BRL : $0.440 0.015 (3.53%)+
Announcement
Release
26 Aug 2026 2:01PM
Price at Release
$0.425
Full Release
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Summary
Bathurst Resources Limited reported strong financial results for the fiscal year ending 30 June 2026, with a consolidated EBITDA of NZD $45 million and a solid cash position of NZD $145 million. The company highlighted significant project developments, including the Buller Plateaux Continuation Project in New Zealand and the Tenas Project in Canada, facilitated by the Fast Track Approvals Act. Despite challenges in the domestic market, particularly in the South Island, export operations performed well with increased production and sales. The company remains focused on developing long-life steelmaking coal assets to capitalize on rising coal prices.
Key Points
  • Bathurst Resources Limited reported a consolidated EBITDA of NZD $45 million for FY26, at the high end of their guidance.
  • The company's cash position was robust at NZD $145 million as of 30 June 2026.
  • Significant projects include the Buller Plateaux Continuation Project in New Zealand and the Tenas Project in British Columbia, Canada.
  • The Fast Track Approvals Act facilitated the submission of the Buller Plateaux Continuation Project application.
  • Export operations achieved 1,036 kt of coal production in FY26, an increase from the previous year.
  • Domestic operations faced challenges with reduced sales volumes in the South Island due to a shift to alternative fuels.
  • The average price received per tonne increased to NZD $232 from NZD $221 year-on-year.
  • The North Island Domestic segment saw increased production at the Rotowaro and Maramarua mines.
  • The company is developing long-life steelmaking coal assets in anticipation of rising coal prices.
  • No dividends were declared or paid during the year.
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.