Fin Resources Limited (AU:FIN)
ASX:FIN
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Fin Resources Limited
(Sydney:FIN)
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Rating:47Neutral
Price Target:
AU$0.01
▲(30.00% Upside)
Action:Reiterated
Date:04/22/26
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and persistent cash burn despite recent improvement). Technical indicators are broadly neutral with slightly negative momentum, while valuation provides limited support due to loss-driven negative earnings and no dividend yield.
Positive Factors
Strategic commodity exposure
Fin Resources focuses on nickel, copper and cobalt — commodities central to batteries and clean energy. This structural exposure aligns the company with multi-year secular demand for electrification materials, increasing long‑term project optionality for JVs, asset sales or downstream partnerships.
Negative Factors
No revenue
Absence of operating revenue means the business remains purely speculative exploration rather than an operating miner. Long lead times to commercial production or asset monetisation increase execution risk and leave the company dependent on milestone sales, JV signings, or capital markets to fund growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic commodity exposure
Fin Resources focuses on nickel, copper and cobalt — commodities central to batteries and clean energy. This structural exposure aligns the company with multi-year secular demand for electrification materials, increasing long‑term project optionality for JVs, asset sales or downstream partnerships.
Read all positive factors
Fin Resources Limited (FIN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$13.18M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)-0.66
Revenue GrowthN/A
EPS Growth-12.50%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,464,507,300
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.83
Price to Sales (P/S)0.00
P/FCF Ratio-2.91
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
Fin Resources Limited Business Overview & Revenue Model
Company Description
Fin Resources Limited engages in the exploration and development of mineral properties in Western Australia. The company explore for gold, base metals, graphite, nickel, copper, and cobalt deposits. It holds 80% interests in the Sol Mar project co...
How the Company Makes Money
Fin Resources Limited generates revenue by exploring and developing mineral resource assets. The company identifies and evaluates mineral deposits, advancing projects to the point of potential resource definition or economic feasibility. Revenue i...
Fin Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
58
Neutral
Cash Flow
27
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 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 655.71K | 2.20M | -866.00K | -955.35K | -4.11M | -629.00K |
| Net Income | -780.97K | -612.42K | -3.61M | -2.65M | -5.01M | -880.00K |
Balance Sheet | ||||||
| Total Assets | 4.47M | 3.15M | 3.42M | 5.84M | 7.31M | 6.00M |
| Cash, Cash Equivalents and Short-Term Investments | 1.25M | 647.01K | 879.74K | 2.27M | 3.39M | 5.04M |
| Total Debt | 0.00 | 445.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 92.98K | 776.84K | 738.04K | 110.01K | 67.94K | 352.58K |
| Stockholders Equity | 4.38M | 2.38M | 2.68M | 5.73M | 7.24M | 5.65M |
Cash Flow | ||||||
| Free Cash Flow | -187.15K | -677.68K | -1.84M | -1.64M | -2.84M | -917.98K |
| Operating Cash Flow | -187.14K | -171.72K | -608.26K | -574.71K | -1.15M | -473.80K |
| Investing Cash Flow | -717.18K | -505.96K | -1.23M | -1.07M | -1.69M | -444.19K |
| Financing Cash Flow | 1.95M | 445.05K | 448.48K | 517.36K | 1.19M | 2.48M |
Fin Resources Limited 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$16.86M | -4.99 | -27.04% | ― | ― | -11.11% | |
47 Neutral | AU$13.18M | -10.82 | -23.12% | ― | ― | -12.50% | |
46 Neutral | AU$8.35M | -1.29 | -34.90% | ― | ― | 87.97% | |
46 Neutral | AU$6.10M | -0.74 | -380.56% | ― | ― | -38.24% | |
43 Neutral | AU$9.93M | -3.71 | -7.72% | ― | ― | 82.28% | |
| ― | AU$5.91M | -18.30 | -19.97% | ― | ― | 16.67% |
* Basic Materials Sector Average
AU:FIN
Fin Resources Limited
0.01
0.00
0.00%
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Fin Resources Limited Corporate Events
Fin Resources hits broad high-grade gold zone in first Cabin Lake drillhole
Apr 28, 2026
Fin Resources has reported what it describes as exceptional initial drilling results from the Arrow prospect at its Cabin Lake Gold Project in Canada’s Northwest Territories, with the first hole intersecting a broad zone of near-surface, hig...
Fin Resources Confirms Extensive Sulphide System at Cabin Lake’s Arrow Prospect
Apr 14, 2026
Fin Resources has reported strong progress at its Cabin Lake Gold Project, confirming substantial sulphide-bearing banded iron formation at the Arrow Prospect through three diamond drillholes totaling about 114 metres of cumulative sulphide minera...
Fin Resources Appoints New Director With Significant Indirect Stakes
Apr 12, 2026
Fin Resources Limited has appointed Mark Freeman as a director effective 13 April 2026, with an initial disclosure showing he holds no shares directly but has a substantial indirect interest through a family account. That account controls 7,692,30...
Fin Resources reshapes board to drive Cabin Lake and Canadian growth
Apr 12, 2026
Fin Resources has strengthened its board with the appointment of Mark Freeman as a Non-Executive Director, bringing more than 25 years of experience in corporate finance, capital markets and governance focused on the resources sector. Freeman has ...
Fin Resources Issues 60 Million Unquoted Options in Capital Management Move
Apr 10, 2026
Fin Resources Limited has notified the market of a new issue of 60,000,000 unquoted options, with an issue date of 10 April 2026. The options form part of a previously announced transaction and will not be quoted on the ASX, indicating a capital s...
Fin Resources issues 120 million new shares under cleansing notice
Apr 10, 2026
Fin Resources Limited has issued 120,000,000 fully paid ordinary shares without a prospectus, relying on the secondary trading provisions of the Corporations Act to place the new stock with investors. The company confirmed it remains compliant wit...
Fin Resources Seeks ASX Quotation for 120 Million New Shares
Apr 10, 2026
Fin Resources Limited has applied to the Australian Securities Exchange for quotation of 120,000,000 new fully paid ordinary shares. The shares, issued on April 10, 2026, expand the company’s quoted capital base and may provide additional fl...
Fin Resources Wins Strong Shareholder Backing for Capital Raising Resolutions
Mar 31, 2026
Fin Resources Limited reported that all resolutions put to shareholders at its latest general meeting were passed by poll, with strong levels of support recorded across the register. The approved items included ratification of prior share placemen...
Fin Resources Hits Broad Sulphide Zone in First Cabin Lake Drill Hole
Mar 26, 2026
Fin Resources has completed the first drill hole of its maiden program at the Cabin Lake Gold Project in Canada, intersecting a broad 38 metre zone of sulphide mineralisation within the targeted banded iron formation. The hole, drilled to a depth ...
Fin Resources Starts Maiden Drilling at High-Grade Cabin Lake Gold Project
Mar 15, 2026
Fin Resources has begun its maiden drilling campaign at the Cabin Lake Gold Project in Canada’s Northwest Territories, following completion of the project’s acquisition and full mobilisation of field infrastructure. The 1,500-metre dia...
Fin Resources Files Interim Financial Report for December 2025 Half-Year
Mar 12, 2026
Fin Resources Limited has released its interim financial report for the half-year ended 31 December 2025, outlining its consolidated financial statements, directors’ report and auditor’s review. The document mainly provides a structura...
Fin Resources Flags High-Grade Potential at Cabin Lake Gold Project in Canada
Mar 3, 2026
Fin Resources Limited has outlined its work on the Cabin Lake Gold Project in Canada’s Northwest Territories, promoting it as a high-grade opportunity with potential to grow into a multi-million-ounce gold system. The company highlights 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.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower 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.
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.