Aldoro Resources Ltd. (ARN) AI Stock Analysis

• Market Cap: AU$94.27M
• Dividend Yield: N/A
• Average Volume (3M): 500.88K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.94
• Revenue Growth: N/A
• EPS Growth: -971.43%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.13
• Shares Outstanding: 227,147,540
• 10 Day Avg. Volume: 469,983
• 30 Day Avg. Volume: 500,884
• PEG Ratio: >-0.01
• Price to Book (P/B): 8.11
• Price to Sales (P/S): 912.89
• P/FCF Ratio: -12.14
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: AU$0.37 ▼(-2.63% Downside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is driven primarily by weak financial performance (minimal revenue, sharply higher FY2025 losses, and ongoing negative free cash flow implying continued funding needs). Technicals also weigh on the score given the downtrend (price below major moving averages and negative MACD). The main support is the debt-free balance sheet, while valuation is difficult to assess due to negative earnings and no dividend yield data.

Positive Factors

Debt-free balance sheet

A lack of reported debt is a durable structural strength for an exploration firm: it lowers solvency risk, preserves strategic optionality to fund drilling or JV deals, and reduces fixed financing costs, supporting longer runway for value-creating discovery work.

Active exploration portfolio

A diversified tenement-based exploration program with mapping, sampling, surveys and drilling provides multiple discovery chances and technical optionality. Sustained project activity increases the probability of meaningful resource definition, a core long-term value driver for explorers.

Improving FCF trend versus earlier years

An improvement in free cash flow versus prior years signals progress in managing cash burn or staging activity, which can extend runway and lower near-term funding pressure. If sustained, this trend improves the firm's ability to execute exploration without repeated dilution.

Negative Factors

Widening net losses

A sharply larger net loss in the latest year materially depletes shareholder equity and increases the need for external capital. Persistently large losses undermine financial resilience, raise dilution risk and constrain management's ability to pursue opportunistic project funding without equity raises.

Persistent negative cash flow

Consistent negative operating and free cash flow indicates the business is not self-funding and will require ongoing external financing. That dependence increases execution risk, potential dilution, and limits capacity to accelerate high-cost activities like drilling at scale without new capital.

Minimal, inconsistent revenue

Very low and sporadic revenue reflects an early-stage explorer profile with no steady operating cash generation. This structural lack of revenue makes profitability distant, forces reliance on capital markets, and leaves long-term value contingent on exploration success rather than recurring business economics.

Aldoro Resources Ltd. Business Overview & Revenue Model

Company Description

Aldoro Resources Limited operates as a mineral exploration and development company in Australia. The company primarily explores for nickel, lithium, gold, and copper deposits, as well as platinum group elements. Its flagship project is the Niob Rubidium-Lithium covering an area of approximately 70 square kilometres located in Western Australia. Aldoro Resources Limited was incorporated in 2017 and is based in Subiaco, Australia.

How the Company Makes Money

Aldoro Resources Ltd. generates revenue primarily through the exploration and development of its mineral assets. The company's revenue model is based on the successful identification and exploitation of mineral deposits, which can lead to the sale or joint venture of these assets to larger mining companies. Additionally, Aldoro may generate income through the trading of mining rights or through partnerships and collaborations with other companies in the mining sector. Significant factors contributing to its earnings include successful exploration outcomes, favorable market conditions for minerals such as nickel, copper, and gold, and strategic partnerships that enhance project development.

Aldoro Resources Ltd. Financial Statement Overview

Summary

Income statement and cash flow are very weak: minimal/inconsistent revenue (A$51k in FY2025) with materially wider losses in FY2025 (net loss ~A$21.6m) and persistently negative operating/free cash flow (FCF ~-A$3.9m in FY2025). The main offset is a conservative balance sheet with no reported debt, though equity declined sharply in FY2025.

Income Statement

The company remains in a pre-profit, early-revenue phase. Revenue is minimal and inconsistent (A$0 in multiple years, only A$51k in FY2025), while losses have widened materially in FY2025 (net loss ~A$21.6m vs ~A$1.8m in FY2024). Profitability is weak with deeply negative operating and net margins, indicating the cost base is far ahead of current revenue generation; the key positive is that gross profit equals revenue in revenue-positive years, but scale is too small to support the operating structure.

Balance Sheet

Leverage is very conservative with no reported debt across the period, which reduces solvency risk and provides flexibility. However, equity has fallen sharply in FY2025 (A$5.8m vs A$11.2m in FY2024), reflecting heavy losses and increasing dilution/asset-base pressure. Returns on equity are strongly negative, highlighting that shareholder capital is not currently generating returns despite the clean balance-sheet structure.

Cash Flow

Cash generation is weak: operating cash flow is consistently negative (about -A$0.7m to -A$1.3m historically; -A$0.94m in FY2025) and free cash flow is also consistently negative (including -A$3.9m in FY2025). While free cash flow improved versus FY2022–FY2023 burn levels, the business still relies on external funding to sustain operations, and cash flows do not yet show a durable path to self-funding.

Breakdown	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	51.49K	0.00	20.00K	0.00	7.55K
Gross Profit	51.49K	-40.70K	20.00K	-33.75K	7.55K
EBITDA	-14.64M	-1.86M	-4.71M	-2.24M	-2.64M
Net Income	-21.61M	-1.79M	-4.56M	-2.27M	-2.65M
Balance Sheet
Total Assets	6.00M	11.41M	13.23M	11.39M	8.10M
Cash, Cash Equivalents and Short-Term Investments	932.16K	542.88K	2.90M	1.88M	3.90M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	206.19K	167.14K	490.02K	535.64K	265.94K
Stockholders Equity	5.80M	11.25M	12.74M	10.85M	7.84M
Cash Flow
Free Cash Flow	-3.87M	-2.40M	-5.28M	-7.23M	-2.04M
Operating Cash Flow	-936.73K	-696.29K	-754.11K	-1.25M	-786.11K
Investing Cash Flow	-737.88K	-1.68M	-4.50M	-5.73M	-1.25M
Financing Cash Flow	2.06M	22.39K	6.27M	4.97M	3.73M

Aldoro Resources Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ARN, the sentiment is Negative. The current price of 0.38 is below the 20-day moving average (MA) of 0.45, below the 50-day MA of 0.44, and below the 200-day MA of 0.41, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 26.62 is Positive, neither overbought nor oversold. The STOCH value of 18.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ARN.

Aldoro Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GBR	50 Neutral	AU$148.13M	-28.13	-12.09%	―	―	81.03%
KGL	47 Neutral	AU$177.30M	-54.35	-2.34%	―	―	―
TGN	47 Neutral	AU$377.01M	-30.11	-27.95%	―	―	-43.08%
MTH	46 Neutral	AU$62.82M	-11.86	―	―	―	54.26%
ARN	42 Neutral	AU$94.27M	-2.70	-253.52%	―	―	-971.43%

Aldoro Resources Ltd. Corporate Events

Aldoro Resources Issues 3 Million Unquoted Performance Rights

Aldoro Resources Ltd. has notified the market of the issue of 3,000,000 unquoted performance rights under the ASX code ARNAO, effective 9 February 2026. The new performance rights form part of the company’s unquoted equity securities and signal continued use of performance-based incentives, with potential implications for future dilution and alignment of management and shareholder interests.

The issuance reflects Aldoro’s ongoing capital management strategy as it pursues its resource exploration and development activities. While the rights are unquoted, their creation adds to the company’s equity-based remuneration tools, reinforcing focus on performance milestones that could influence long-term value creation for stakeholders.

The most recent analyst rating on (AU:ARN) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Aldoro Resources Ltd. stock, see the AU:ARN Stock Forecast page.

Aldoro Rewards Key Contractor With Performance Rights to Advance Namibia Project

Aldoro Resources has expanded its commercial arrangements with Cheng Du Ao Hua Exploration Engineering for work on the Kameelburg Project in Namibia, issuing 3,000,000 performance rights that vest at staged share price milestones between $1.00 and $2.00. The company has also agreed that CDAH’s post-January 2026 costs will be converted into shares at a higher price of $0.39, up from $0.35, reflecting the contractor’s growing strategic role.

The incentive structure recognises CDAH’s contribution to breakthrough metallurgical test work in Namibia, where its local expertise helped identify a processing approach that could reduce timelines and costs for Aldoro. CDAH is also advancing gold exploration across three priority anomalies, and the revised scrip-based payment terms enable Aldoro to preserve cash while continuing its operations and exploration programs in Namibia and other tenements.

The most recent analyst rating on (AU:ARN) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Aldoro Resources Ltd. stock, see the AU:ARN Stock Forecast page.

Aldoro Defines High-Priority Intrusive Copper-Gold Targets at Damara Project in Namibia

Aldoro Resources has completed detailed ground magnetics and soil geochemistry at its Damara Gold Project, defining high-priority intrusive copper-gold targets at the Nordenberg and Okaue prospects near Kalkfeld in Namibia. The work outlines large ring-style magnetic systems with core copper and gold anomalies, supported by associated molybdenum, potassium and other pathfinder elements that are interpreted as characteristic of porphyry-style Cu-Au alteration zoning.

At Okaue, an elliptical, deep-seated magnetic anomaly with a ring-band pattern and coincident elevated gold at a key contact zone supports an intrusion-related Au-Cu target model. The project’s location in the same structural domain and host rocks as major regional deposits, including WIA Gold’s Kokoseb and Osino-linked assets, underscores Damara’s potential strategic value and suggests meaningful upside for Aldoro’s exploration pipeline and shareholders.

The most recent analyst rating on (AU:ARN) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Aldoro Resources Ltd. stock, see the AU:ARN Stock Forecast page.

Aldoro accelerates Kameelburg rare earths push with maiden resource and development plan

Aldoro Resources has marked a transformational year by advancing its Kameelburg rare earth and niobium project in Namibia from discovery to a maiden JORC Inferred Mineral Resource, supported by extensive diamond drilling that demonstrates scale, continuity and potential for bulk mining. The company has strengthened its operational platform with added drilling capacity, improved cost control and disciplined capital management, while beginning to identify higher-grade niobium zones that enhance the project’s value proposition.

Looking ahead, Aldoro plans to accelerate metallurgical testwork, update and upgrade the Kameelburg resource, and progress a Pre-Feasibility Study to convert geological scale into development readiness. The board is also pursuing offtake and strategic funding discussions, exploring additional discoveries across its wider Namibian portfolio, and selling certain Australian assets, positioning the company for a potential funding pathway to a future investment decision and a stronger role in critical minerals supply.

The most recent analyst rating on (AU:ARN) stock is a Hold with a A$0.46 price target. To see the full list of analyst forecasts on Aldoro Resources Ltd. stock, see the AU:ARN Stock Forecast page.

Aldoro Accelerates Kameelburg Niobium-REE Expansion With Major Phase II Drilling Push

Aldoro Resources has launched and expanded its Phase II diamond drilling program at the Kameelburg REE-Niobium Project in Namibia, adding 11,000 metres of appraisal and metallurgical drilling aimed at resource expansion, metallurgical sampling, beneficiation test work and preparation for a JORC resource upgrade. The company is acquiring a Diamec Smart 8 drill rig via share issuance and has secured discounted drilling services under a drill-for-equity arrangement, moves that are expected to significantly cut costs, accelerate collection of metallurgical core, streamline permitting and support feasibility and development pathways, while ongoing exploration at the Omurango Heavy REE Project underscores its broader push to build a globally significant rare earths and niobium resource base.

The most recent analyst rating on (AU:ARN) stock is a Hold with a A$0.48 price target. To see the full list of analyst forecasts on Aldoro Resources Ltd. stock, see the AU:ARN Stock Forecast page.

Aldoro Defends Performance Rights Conversion Methodology in ASX Response

Aldoro Resources has responded to an ASX query about the conversion of performance rights tied to mineral resource milestones originally framed in terms of a gold equivalent grade. The company clarified that the milestones required announcement of JORC-compliant mineral resource estimates at an equivalent of 2 grams per tonne gold, not that the resources themselves be reported as gold-equivalent, and that total rare earth oxides (TREO) were treated as a gold-equivalent mineral for these purposes. Aldoro said it engaged independent consultant Lily Valley International to calculate a gold-equivalent regression based on TREO, niobium and molybdenum prices and recoveries, and relied on those reports to confirm that its August and September 2025 resource estimates at Kameelburg exceeded the tonnage thresholds for milestone satisfaction. The board argued that investors would reasonably expect the milestones to relate to the Kameelburg rare earths-focused project and that publishing gold-equivalent resource figures would be misleading given the project’s limited gold mineralisation and primary focus on rare earth and related metals.

Aldoro Resources Issues Securities Under Corporations Act

Aldoro Resources Ltd announced the issuance of securities without disclosure to investors, relying on specific provisions of the Corporations Act. The company confirmed compliance with relevant legal provisions and stated there is no excluded information required for disclosure. This move signifies Aldoro’s ongoing efforts to manage its financial and operational strategies within the regulatory framework.

Aldoro Resources Issues Shares for Drilling Services

Aldoro Resources Ltd has announced the issuance of 253,378 ordinary fully paid shares as a form of payment for drilling services, instead of cash. This strategic move allows the company to manage its cash flow while continuing its exploration activities, potentially impacting its financial operations and stakeholder interests positively.

Aldoro Resources Announces Director’s Interest Change

Aldoro Resources Ltd. has announced a change in the director’s interest, with Ms. Liqun (Quinn) Lee acquiring a significant number of performance options. This acquisition reflects a strategic move to strengthen the company’s leadership and potentially enhance its operational capabilities. The change in director’s interest could impact the company’s market positioning by aligning its leadership’s interests with its growth objectives, potentially benefiting stakeholders through improved company performance.

Aldoro Resources Ltd. Issues Unquoted Equity Securities

Aldoro Resources Ltd. has announced the issuance of unquoted equity securities in the form of Unlisted Performance Options. These options, totaling 40 million, are exercisable at $0.001 and have various expiry dates extending to December 2027. This move could potentially enhance the company’s financial flexibility and incentivize stakeholders, impacting its operational strategy and market positioning.

Aldoro Resources Ltd. Secures Shareholder Support at AGM

Aldoro Resources Ltd. held its Annual General Meeting on November 28, 2025, where several key resolutions were passed. These included the adoption of the remuneration report, election and re-election of board members, approval of a 7.1A mandate, and ratification of shares issued to various entities. The resolutions were largely supported by shareholders, indicating strong backing for the company’s strategic decisions and future direction.