Bathurst Resources Limited

ASX:BRL Stock Report

Market Cap: AU$132.0m

Bathurst Resources Management

Management criteria checks 3/4

Bathurst Resources' CEO is Richard Tacon, appointed in Mar 2015, has a tenure of 11.25 years. total yearly compensation is NZ$991.71K, comprised of 64.4% salary and 35.6% bonuses, including company stock and options. directly owns 0.91% of the company’s shares, worth A$1.21M. The average tenure of the management team and the board of directors is 3.7 years and 11.2 years respectively.

Key information

Richard Tacon

Chief executive officer

NZ$991.7k

Total compensation

CEO salary percentage64.43%
CEO tenure11.3yrs
CEO ownership0.9%
Management average tenure3.7yrs
Board average tenure11.2yrs

Recent management updates

Analysis Article • Nov 26

Here's Why It's Unlikely That Bathurst Resources Limited's (ASX:BRL) CEO Will See A Pay Rise This Year

Key Insights Bathurst Resources to hold its Annual General Meeting on 3rd of December CEO Richard Tacon's total...

Recent updates

Narrative Update • Jun 01

BRL: Index Removal And Steady Outlook May Support Future Upside

Bathurst Resources' analyst price target has been held at A$0.84, with analysts pointing to only slight shifts in the discount rate, expected revenue contraction, profit margin assumptions and future P/E as the basis for keeping their valuation steady. What's in the News Bathurst Resources Limited (ASX:BRL) has been removed from the S&P/ASX All Ordinaries Index, according to S&P Dow Jones Indices.
Narrative Update • May 06

BRL: Higher Fair Value Estimate Will Support Future Upside Potential

Analysts have adjusted their fair value estimate for Bathurst Resources from A$0.80 to A$0.84. This change reflects updated views on discount rates, expected revenue trends, profit margins and future P/E assumptions.
Narrative Update • Jan 07

BRL: Expanded Reserves Will Extend Mine Life And Support Future Upside

Analysts have trimmed their price target on Bathurst Resources by a modest amount, citing slightly higher discount rate assumptions, a marginally softer revenue growth outlook, and a small uplift in expected profit margin and future P/E of about 48.8x as the key drivers of the change. What's in the News Bathurst Resources reported total marketable reserves of 33.9 Mt as at 30 June 2025, compared with 6.7 Mt previously, with the update reflecting changes across several projects (company announcement).
Narrative Update • Dec 21

BRL: Expanded Coal Reserves Will Support Longer Mine Life And Upside Potential

Analysts have inched up their price target for Bathurst Resources by a modest amount, citing slightly lower perceived risk, marginally improving long term revenue and profit expectations, and a small compression in projected future valuation multiples that together support a higher fair value in absolute dollar terms. What's in the News Total marketable reserves increased sharply to 33.9 Mt as at 30 June 2025, up from 6.7 Mt, supporting a longer mine life and greater production visibility (company update).
Narrative Update • Dec 07

BRL: Expanded Coal Reserves And Index Inclusion Will Support Future Upside

Analysts have modestly lifted their price target on Bathurst Resources from NZD 0.80 to NZD 0.82. This reflects slightly higher long term earnings expectations despite a marginally higher discount rate and softer projected profit margins.
Analysis Article • Nov 26

Here's Why It's Unlikely That Bathurst Resources Limited's (ASX:BRL) CEO Will See A Pay Rise This Year

Key Insights Bathurst Resources to hold its Annual General Meeting on 3rd of December CEO Richard Tacon's total...
Narrative Update • Nov 22

BRL: Inclusion In All Ordinaries Index And Growing Reserves Will Support Future Gains

Analysts have adjusted their price target for Bathurst Resources, maintaining a fair value estimate at $0.80 per share. Updated forecasts reflect slightly higher discount rates and lowered profit margins, which signals cautious optimism amid evolving financial outlooks.
Narrative Update • Nov 05

BRL: Improved Profit Margin Outlook Will Drive Future Share Price Upside

Analysts have adjusted their price target for Bathurst Resources downward from $0.94 to $0.80. They cite concerns over reduced revenue growth outlook, despite an improved profit margin projection and updated discount rate assumptions.
Analysis Article • Jun 10

Benign Growth For Bathurst Resources Limited (ASX:BRL) Underpins Its Share Price

With a price-to-earnings (or "P/E") ratio of 5.2x Bathurst Resources Limited ( ASX:BRL ) may be sending very bullish...
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New Narrative • Jun 01

Buller And Tenas Will Expand Coal Supply Amid Market Risks

Accelerated project development and operational improvements lower costs and boost margins, while regulatory advantages reduce development risks and enhance earnings certainty.
Analysis Article • Feb 27

Does Bathurst Resources (ASX:BRL) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Jan 19

Announcing: Bathurst Resources (ASX:BRL) Stock Soared An Exciting 346% In The Last Five Years

For many, the main point of investing in the stock market is to achieve spectacular returns. And we've seen some truly...
Analysis Article • Nov 27

How Much Is Bathurst Resources' (ASX:BRL) CEO Getting Paid?

Richard Tacon has been the CEO of Bathurst Resources Limited (ASX:BRL) since 2015, and this article will examine the...

CEO Compensation Analysis

How has Richard Tacon's remuneration changed compared to Bathurst Resources's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

-NZ$7m

Sep 30 2025n/an/a

-NZ$1m

Jun 30 2025NZ$992kNZ$639k

NZ$4m

Mar 31 2025n/an/a

NZ$21m

Dec 31 2024n/an/a

NZ$38m

Sep 30 2024n/an/a

NZ$38m

Jun 30 2024NZ$1mNZ$602k

NZ$39m

Mar 31 2024n/an/a

NZ$46m

Dec 31 2023n/an/a

NZ$54m

Sep 30 2023n/an/a

NZ$72m

Jun 30 2023NZ$2mNZ$827k

NZ$90m

Mar 31 2023n/an/a

NZ$81m

Dec 31 2022n/an/a

NZ$72m

Sep 30 2022n/an/a

NZ$51m

Jun 30 2022NZ$1mNZ$1m

NZ$30m

Mar 31 2022n/an/a

NZ$49m

Dec 31 2021n/an/a

NZ$68m

Sep 30 2021n/an/a

NZ$67m

Jun 30 2021NZ$698kNZ$597k

NZ$67m

Mar 31 2021n/an/a

NZ$4m

Dec 31 2020n/an/a

-NZ$58m

Sep 30 2020n/an/a

-NZ$53m

Jun 30 2020NZ$959kNZ$736k

-NZ$47m

Mar 31 2020n/an/a

-NZ$7m

Dec 31 2019n/an/a

NZ$34m

Sep 30 2019n/an/a

NZ$40m

Jun 30 2019NZ$994kNZ$695k

NZ$45m

Compensation vs Market: Richard's total compensation ($USD587.64K) is above average for companies of similar size in the Australian market ($USD327.63K).

Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.

CEO

Richard Tacon

11.3yrs
Tenure
NZ$991,707
Compensation

Mr. Richard Tacon, FAusIMM, serves as Independent Non Executive Director at New Talisman Gold Mines Limited since September 07, 2023. He has been the Chief Executive Officer of Bathurst Resources Limited s...

Leadership Team

NamePositionTenureCompensationOwnership
Richard Tacon
CEO & Executive Director11.3yrsNZ$991.71k0.91%
A$ 1.2m
Russell Lee Middleton
Executive Director of North America & Executive Directorno dataNZ$772.32k0.72%
A$ 944.8k
Francois Tumahai
Executive Director1.6yrsNZ$110.00kno data
Kieran McColl
Chief Financial Officerless than a yearno datano data
Sam Johnstone
General Manager of Marketing & Logisticsno datano datano data
Carmen Dunick
Group Manager of People & Culture9.2yrsno datano data
Larissa Brown
Company Secretary3.7yrsno datano data
3.7yrs
Average Tenure

Experienced Management: BRL's management team is considered experienced (3.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Richard Tacon
CEO & Executive Director11.2yrsNZ$991.71k0.91%
A$ 1.2m
Russell Lee Middleton
Executive Director of North America & Executive Director11.2yrsNZ$772.32k0.72%
A$ 944.8k
Francois Tumahai
Executive Director5.1yrsNZ$110.00kno data
Pier Westerhuis
Independent Non-Executive Chairman11.2yrsNZ$199.29k0.20%
A$ 258.7k
11.2yrs
Average Tenure

Experienced Board: BRL's board of directors are seasoned and experienced ( 11.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/03 08:32
End of Day Share Price 2026/06/03 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Bathurst Resources Limited is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Craig SainsburyCitigroup Inc
James StewartCLSA
Andrew Harvey-GreenForsyth Barr Group Ltd.