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
â–²(10.00% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily held back by weak financial performance (no revenue, recurring losses, and ongoing cash burn despite recent improvement). Technicals are broadly neutral with limited momentum, while valuation remains constrained by a negative P/E and no dividend support.
Positive Factors
High-grade resource potential
Resampling and upgraded core assays that returned materially higher, continuous high-grade intercepts materially improve the project's prospectivity. High-grade, near-surface results increase the chance of defining an economic resource, lower potential extraction cost per ounce, and make the asset more attractive for JV or sale, a durable value driver for an exploration company.
Negative Factors
No revenue; persistent losses
The company currently generates no operating revenue and records recurring net losses and negative operating/free cash flow. This structural lack of cash generation forces reliance on external funding for operations and exploration, lengthening the path to self-sufficiency and increasing execution risk until mineralisation is converted to a saleable resource.
Read all positive and negative factors
Positive Factors
Negative Factors
High-grade resource potential
Resampling and upgraded core assays that returned materially higher, continuous high-grade intercepts materially improve the project's prospectivity. High-grade, near-surface results increase the chance of defining an economic resource, lower potential extraction cost per ounce, and make the asset more attractive for JV or sale, a durable value driver for an exploration company.
Read all positive factors
Fin Resources Limited (FIN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.79M
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)-0.60
Revenue GrowthN/A
EPS Growth83.93%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)0.00
Shares Outstanding1,344,507,300
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% | |
52 Neutral | AU$11.40M | -1.24 | -7.72% | ― | ― | 69.66% | |
50 Neutral | AU$11.62M | -1.54 | -27.04% | ― | ― | -121.54% | |
47 Neutral | AU$14.79M | -6.99 | -23.12% | ― | ― | 83.93% | |
46 Neutral | AU$7.35M | -1.26 | -34.90% | ― | ― | 52.53% | |
42 Neutral | AU$4.35M | -1.02 | -380.56% | ― | ― | 24.09% | |
| ― | AU$4.73M | -5.50 | -26.98% | ― | ― | 4.35% |
* Basic Materials Sector Average
AU:FIN
Fin Resources Limited
0.01
<0.01
10.00%
AU:C7A
Aus Tin Mining Limited
―
―
―
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0.16
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Boadicea Resources Ltd.
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Fin Resources Limited Corporate Events
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...
Fin Resources Calls March 2026 General Meeting for Shareholders
Feb 27, 2026
Fin Resources Limited has called a general meeting of shareholders to be held in Perth on 31 March 2026 at 9:00 a.m. local time, with the record date for determining voting eligibility set at 7:00 p.m. Sydney time on 29 March 2026. The company str...
Fin Resources Issues 30 Million New Shares Under Disclosure Exemption
Feb 27, 2026
Fin Resources Limited has issued 30 million fully paid ordinary shares without a prospectus or other disclosure document under the fundraising provisions of the Corporations Act. The company advised that it remains compliant with its financial rep...
Fin Resources Seeks ASX Quotation for 30 Million New Shares
Feb 27, 2026
Fin Resources Limited, an ASX-listed resources company, has applied for quotation of an additional 30 million fully paid ordinary shares on the Australian Securities Exchange. The new securities, issued on 26 February 2026, expand the company̵...
Fin Resources Issues 90 Million Unquoted Performance Rights
Feb 27, 2026
Fin Resources Limited has notified the market of the issue of 90 million unquoted performance rights, with an issue date of 26 February 2026. The new securities are not intended to be quoted on the ASX, indicating an internal or incentive-related ...
Fin Resources Finalises Cabin Lake Acquisition and Readies Funded Drill Campaign
Feb 27, 2026
Fin Resources has secured formal approval from the Wek’èezhìı Land and Water Board for the assignment of the Cabin Lake Gold Project land use permit to its Canadian subsidiary, completing a key regulatory step and final condit...
Fin Resources Issues New Shares Under Disclosure Exemption
Feb 10, 2026
Fin Resources Limited has issued 3,076,923 fully paid ordinary shares without a prospectus, relying on provisions of the Corporations Act that allow such placements without formal disclosure. The company has confirmed it remains compliant with fin...
Fin Resources Seeks ASX Quotation for 3.1 Million New Shares
Feb 10, 2026
Fin Resources Limited has applied to the ASX for quotation of 3,076,923 new ordinary fully paid shares, with an issue date of 10 February 2026. The securities arise from the exercise or conversion of existing options or other convertible instrumen...
Fin Resources Plans Major Share and Option Issue to Bolster Funding
Feb 9, 2026
Fin Resources Limited has outlined plans for a significant capital-raising move via a proposed issue of up to 375,000,000 new fully paid ordinary shares and 60,000,000 unlisted options. The securities are scheduled for issue on 19 February 2026 as...
Fin Resources Raises A$3.75m to Launch High-Grade Gold Drilling at Cabin Lake
Feb 9, 2026
Fin Resources has raised A$3.75 million via a strongly supported placement to institutional and sophisticated investors at A$0.01 per share to fund drilling at its Cabin Lake Gold Project in Canada. The capital injection fully finances a 1,500m ma...
Fin Resources Boosts Cabin Lake Gold Confidence With Upgraded Core Assays
Feb 4, 2026
Fin Resources has materially upgraded confidence in the Cabin Lake Gold Project’s grade and continuity after a 2025 due diligence program re-sampled historical diamond drill core and tested previously unassayed intervals, including an enhanc...
Fin Resources Advances High-Grade Cabin Lake Gold Project Ahead of 2026 Drilling
Jan 30, 2026
Fin Resources has acquired the fully permitted, drill-ready Cabin Lake Gold Project in Canada, a high-grade, near-surface gold asset hosted within the Bugow Iron Formation of the Archean Slave Craton, a stratigraphy comparable to that of the histo...
Fin Resources Set to Begin Maiden Drilling at High-Grade Cabin Lake Gold Project in Canada
Jan 30, 2026
Fin Resources will launch a 1,500-metre maiden drilling program at its high-grade Cabin Lake Gold Project in Canada’s Northwest Territories in early March, following rapid progress since announcing the acquisition. The company has appointed ...
Fin Resources Issues 160.6 Million New Shares Under Cleansing Notice
Dec 31, 2025
Fin Resources Limited has issued 160,569,229 fully paid ordinary shares without a prospectus or other disclosure document, relying on provisions of the Corporations Act that allow such capital raisings under specific conditions. The company confir...
Fin Resources Director Boosts Equity Stake Through Note Conversion
Dec 31, 2025
Fin Resources Limited has reported a change in the indirect security holdings of director Bruce McFadzean via his interest in Tardis Too Pty Ltd . The update reflects internal capital structure adjustments rather than an operational development, b...
Fin Resources Seeks ASX Quotation for 87.6 Million New Shares
Dec 31, 2025
Fin Resources Limited has applied to the ASX for quotation of 87,607,691 new fully paid ordinary shares, expanding its listed securities base. The issuance, which relates to previously announced transactions, increases the company’s share ca...
Fin Resources Issues 4.5 Million Shares to Consultant in Lieu of Cash
Dec 31, 2025
Fin Resources Limited has issued 4.5 million fully paid ordinary shares to a consultant as payment for part of an invoice under previously negotiated commercial terms that allowed settlement in equity rather than cash. The new shares, dated 31 Dec...
Fin Resources Seeks ASX Quotation for 68.5 Million New Shares
Dec 31, 2025
Fin Resources Limited has applied to the ASX for quotation of 68,461,538 new fully paid ordinary shares, expanding its listed capital base. The issuance, which stems from previously announced transactions, is set to increase the company’s tr...
Fin Resources Issues 68.5 Million Unquoted Options
Dec 31, 2025
Fin Resources Limited has notified the market of a new issue of 68,461,538 unquoted options, which are not intended to be quoted on the ASX. The issuance, formalised via an Appendix 3G filing, reflects a capital management or incentive-related mov...
Fin Resources to Issue 55 Million Unquoted Options in Capital Management Move
Dec 31, 2025
Fin Resources Limited, an Australian Securities Exchange issuer under code FIN, has notified the market of changes to its capital structure involving unquoted equity securities. The company will issue 55 million unquoted options on 31 December 202...
Fin Resources Wins Shareholder Backing for Capital Resolutions at General Meeting
Dec 30, 2025
Fin Resources Limited has reported that all resolutions put to shareholders at its 30 December 2025 general meeting were passed by poll, with strong voting support across the register. The approvals cover the issue of consideration shares and perf...
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.