Golden Rim Resources Ltd (AU:AS1)
ASX:AS1
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Golden Rim Resources Ltd
(Sydney:AS1)
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Rating:45Neutral
Price Target:
AU$0.13
▲(32.00% Upside)
Action:ReiteratedDate:03/26/26
The score is held down primarily by weak financial performance (recurring losses and ongoing cash burn despite a low-debt balance sheet) and an earnings-based valuation that is impaired by negative profitability. Technicals are mixed, with longer-term moving averages supportive but near-term momentum still soft.
Positive Factors
Low leverage and strong equity base
A low-debt, equity-heavy balance sheet provides durable financial flexibility for an exploration company. It reduces near-term solvency risk, improves ability to raise capital on reasonable terms, and allows the business to sustain multi-year exploration cycles without immediate refinancing pressure.
Negative Factors
Persistent negative operating cash flow
Ongoing negative operating and free cash flow is a durable constraint for an explorer: it shortens runway, forces repeated external financing or asset sales, and raises execution risk. Sustained cash burn can dilute equity holders and limit ability to follow through on multi-year programs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and strong equity base
A low-debt, equity-heavy balance sheet provides durable financial flexibility for an exploration company. It reduces near-term solvency risk, improves ability to raise capital on reasonable terms, and allows the business to sustain multi-year exploration cycles without immediate refinancing pressure.
Read all positive factors
Golden Rim Resources Ltd (AS1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$216.83M
Dividend YieldN/A
Average Volume (3M)1.39M
Price to Earnings (P/E)―
Beta (1Y)1.19
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees146
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,606,177,900
10 Day Avg. Volume2,417,708
30 Day Avg. Volume1,393,472
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)1.48
Price to Sales (P/S)0.00
P/FCF Ratio-11.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Golden Rim Resources Ltd Business Overview & Revenue Model
Company Description
Asara Resources Limited engages in the exploration and development of mineral resource properties in Australia, Guinea and Burkina Faso, and Chile. The company primarily explores for gold, silver, zinc, lead, and copper deposits. Its flagship prop...
How the Company Makes Money
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Golden Rim Resources Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 8.41M | 0.00 |
| Gross Profit | -115.75K | -101.58K | -70.95K | -86.84K | 8.41M | -57.58K |
| EBITDA | -2.48M | -1.79M | -1.32M | -8.05M | -2.40M | -4.37M |
| Net Income | -2.27M | -1.46M | 1.54M | -8.07M | -2.28M | -4.31M |
Balance Sheet | ||||||
| Total Assets | 51.35M | 29.74M | 28.21M | 23.53M | 21.10M | 13.42M |
| Cash, Cash Equivalents and Short-Term Investments | 21.42M | 3.20M | 1.34M | 1.64M | 2.61M | 1.64M |
| Total Debt | 0.00 | 0.00 | 500.00K | 0.00 | 8.52M | 0.00 |
| Total Liabilities | 346.57K | 386.46K | 1.68M | 1.51M | 696.57K | 1.46M |
| Stockholders Equity | 52.70M | 30.77M | 27.93M | 23.19M | 22.36M | 13.82M |
Cash Flow | ||||||
| Free Cash Flow | -6.52M | -4.09M | -1.81M | -2.25M | -5.01M | -3.26M |
| Operating Cash Flow | -2.03M | -1.50M | -1.79M | -2.18M | -4.89M | -3.13M |
| Investing Cash Flow | -4.05M | 85.63K | -2.10M | -6.60M | -7.34M | -2.65M |
| Financing Cash Flow | 26.04M | 3.17M | 3.59M | 7.81M | 10.58M | 5.79M |
Golden Rim Resources Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$203.51M | -18.91 | -6.02% | ― | -100.00% | -155.68% | |
45 Neutral | AU$216.83M | -26.94 | -5.45% | ― | ― | ― | |
42 Neutral | AU$140.24M | -17.75 | -10.71% | ― | ― | -12.00% | |
42 Neutral | AU$50.15M | -2.60 | -50.09% | ― | 307.85% | -133.82% |
* Basic Materials Sector Average
AU:AS1
Golden Rim Resources Ltd
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159.62%
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Golden Rim Resources Ltd Corporate Events
Asara Resources Extends Broad Gold Mineralisation at Kada’s Massan Deposit
Apr 8, 2026
Asara Resources has reported strong new drilling results from its Phase 1 and Phase 2 programs at the Massan deposit within the Kada Gold Project in Guinea. The latest reverse circulation and diamond drilling in the northeast extension of Massan c...
Asara Resources Maps Extensive Gold Targets at Kada Project Permits
Apr 7, 2026
Asara Resources has reported new auger geochemistry results from its Bamfele and Damissa Koura permits in Guinea, where 651 shallow drillholes have delineated broad gold anomalies aligned with interpreted mineralised corridors. At Bamfele, the pro...
Asara Resources Extends High-Grade Gold Mineralisation at Kada’s Massan Deposit
Apr 1, 2026
Asara Resources has reported new drilling results from Phase 1 reverse circulation and diamond drilling at the Massan deposit, which continue to demonstrate strong continuity of broad gold mineralisation and support the geological model. These res...
Asara Resources Director Increases Equity Stake via Option Conversion
Mar 25, 2026
Asara Resources director Timothy Strong has increased his direct equity stake in the company through the conversion of options into 3,000,000 ordinary fully paid shares. The transaction, valued at $60,000 via the exercise of options at $0.02 each,...
Asara Resources Issues New Shares on Option Exercise as It Refines Exploration Focus
Mar 24, 2026
Asara Resources Ltd has issued 3,000,000 fully paid ordinary shares following the exercise of options, with the new shares issued without a prospectus under the relevant exemption provisions of the Corporations Act. The company confirms it is comp...
Asara Resources Seeks ASX Quotation for 3 Million New Shares
Mar 24, 2026
Asara Resources Limited has applied to the Australian Securities Exchange for quotation of 3,000,000 new ordinary fully paid shares under its ASX code AS1, with an issue date of 23 March 2026. The application reflects the conversion or exercise of...
Asara Resources Releases Half-Year Financial Report for December 2025
Mar 16, 2026
Asara Resources Ltd has released its half-year report for the period ended 31 December 2025, detailing its condensed consolidated financial statements and changes in equity and cash flows. The report, supported by an independent auditor’s re...
Asara Resources Options Lapse, Trimming Potential Equity Overhang
Feb 26, 2026
Asara Resources Limited has notified the ASX of the cessation of 1,250,000 options, identified as AS1AAI, which expired unexercised on 24 February 2026. The expiry of these options slightly simplifies the company’s capital structure by remov...
Asara Resources Extends Gold Mineralisation at Kada’s Massan Deposit With Strong Drilling Results
Jan 26, 2026
Asara Resources has reported a further set of strong drilling results from its Phase 1 reverse circulation and diamond drilling program at the Massan deposit within the Kada Gold Project in Guinea, confirming grade continuity and extending mineral...
Asara Ramps Up Drilling and Pursues Acquisitions to Expand Guinea Gold Footprint
Jan 23, 2026
Asara Resources reported a busy December 2025 quarter, highlighted by completion of 34 Phase 1 drillholes totaling 7,857m at the Massan Deposit, which demonstrated strong continuity and depth extensions of mineralisation beyond the US$1,800/oz pit...
Asara Reaffirms Resource Base at Kada Gold Project in Guinea
Jan 18, 2026
Asara Resources Limited has released a corporate presentation outlining the status and potential of its Kada Gold Project in Guinea’s Siguiri Basin, positioning the asset as a premier gold development opportunity. The company reconfirms that...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.