Godolphin Resources Limited (GRL) AI Stock Analysis

• Market Cap: AU$29.41M
• Dividend Yield: N/A
• Average Volume (3M): 5.83M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.37
• Revenue Growth: N/A
• EPS Growth: 53.93%
• Country: US
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 700,323,300
• 10 Day Avg. Volume: 10,131,172
• 30 Day Avg. Volume: 5,829,657
• PEG Ratio: 0.02
• Price to Book (P/B): 0.40
• Price to Sales (P/S): 54.06
• P/FCF Ratio: -1.15
• 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: 50 Neutral
• Price Target: AU$0.04 ▲(110.00% Upside)

The score is held back primarily by weak financial performance (persistent losses and ongoing negative free cash flow), with only the low-debt balance sheet as a notable financial positive. Technicals provide a partial offset due to strong upward trend, but overbought readings increase near-term risk. Valuation is not supportive given negative earnings and no dividend yield data.

Positive Factors

Low Leverage / Balance Sheet Strength

Zero recorded debt and very low leverage provide durable financial flexibility for an exploration company, lowering short-term insolvency risk and allowing management to allocate capital to drilling and evaluation without immediate debt servicing pressures that could derail multi‑period project timelines.

Positive Gross Profit on Project Activity

Reported positive gross profit across 2024–2025 indicates the company can generate revenue above direct extraction or project costs for certain activities. This suggests project-level economics can be viable and provides a base to improve operating leverage if overheads are controlled over the coming months.

Improving Free Cash Flow Trend

A reduction in free cash flow burn year-over-year demonstrates operational progress and tighter cash management. Sustained improvement over 2–6 months would extend runway, lower near-term external funding needs, and increase the likelihood that exploration programs can be advanced without disruptive financing events.

Negative Factors

Consistent Operating Losses and Negative Margins

Persistent operating and net losses reflect structural profitability weakness; with negative margins the company lacks internal earnings to fund growth or exploration. Over a multi‑month horizon this undermines self-funding ability and increases reliance on external capital, delaying progress toward viable resource development.

Ongoing Negative Operating & Free Cash Flow

Consistent negative operating and free cash flow indicate ongoing cash burn to support exploration and overhead. Absent a sustained reversal, the company will likely need equity or other financing within months, increasing dilution or conditional funding that can slow project timelines and constrain strategic flexibility.

Eroding Equity and Negative Returns on Equity

Declining book equity and persistently negative ROE signal long‑term value erosion despite low leverage. This weakens the balance sheet's ability to absorb setbacks, reduces attractiveness to partners or acquirers, and increases the proportionate impact of any future equity raises on existing shareholders over the coming months.

Godolphin Resources Limited Business Overview & Revenue Model

Company Description

Godolphin Resources Limited operates as a gold and base metal exploration company in Australia. It explores for gold, silver, and copper deposits. The company holds 100% interests in the Mount Aubrey Epithermal Gold, Copper Hill East, and Gundagai North and South Gold-Copper projects located in the Lachlan Fold Belt, New South Wales. It also holds 100% interests in the Mt Bulga, Caledonian, Yeoval, Yallundry, Obley West, Obley North, Cumnock, Narraburra, Temora, Kinross, Sebastopol, Kingsburgh, Calarie, Calarie Central, Calarie Lachlan Mine, Gadara, Goodrich, and Lewis Ponds projects. The company was incorporated in 2019 and is based in Orange, Australia.

How the Company Makes Money

Godolphin Resources Limited generates revenue primarily through the exploration and potential development of mineral assets, focusing on gold and copper deposits. The company aims to increase the value of its projects by advancing exploration activities, which, if successful, can lead to the development of mining operations or the sale or joint venture of its assets to larger mining companies. Key revenue streams include the sale of mineral rights, joint venture agreements, and potential future production revenues if mining operations are established. Additionally, significant partnerships with other mining companies or investors can provide funding and resources to advance exploration and development activities, contributing to the company's earnings.

Godolphin Resources Limited Financial Statement Overview

Summary

Overall financial quality is weak: the company is consistently loss-making with volatile, small revenue and deeply negative margins, and cash flow remains persistently negative (ongoing cash burn). The main offset is a relatively strong balance sheet with very low leverage (zero debt in 2025), though equity has trended down and ROE remains negative.

Income Statement

Operating performance is weak: the company remains consistently loss-making across all reported years, with deeply negative operating and net margins in the latest year (2025-06-30). Revenue is highly volatile and small relative to the cost base, including a sharp decline in 2025 versus 2024, which drove an extreme deterioration in profitability. A positive is that gross profit was positive in 2024–2025, but it is not enough to offset materially higher operating expenses.

Balance Sheet

The balance sheet is a relative strength: leverage is very low (debt-to-equity near zero across periods, and total debt at zero in 2025), which reduces financial risk. However, equity has trended down from 2021 to 2025, and returns on equity are persistently negative due to ongoing losses—signaling continued value erosion despite limited balance-sheet leverage.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are consistently negative, indicating ongoing cash burn to fund operations. While free cash flow burn improved in 2025 versus 2024 (less negative) and cash outflows generally track net losses, the business still lacks self-funding capacity and may require external financing if this continues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	61.80K	61.80K	871.05K	0.00	277.75K	34.19K
Gross Profit	30.61K	61.80K	785.39K	-97.38K	214.60K	-141.14K
EBITDA	-2.90M	-2.90M	-3.12M	-3.23M	-3.00M	-1.26M
Net Income	-2.88M	-2.88M	-3.21M	-3.34M	-3.08M	-1.41M
Balance Sheet
Total Assets	8.59M	8.59M	8.96M	8.89M	9.44M	16.29M
Cash, Cash Equivalents and Short-Term Investments	1.30M	1.30M	1.58M	1.24M	1.62M	4.73M
Total Debt	0.00	0.00	33.76K	238.91K	284.06K	347.16K
Total Liabilities	208.43K	208.43K	350.11K	560.28K	599.62K	683.95K
Stockholders Equity	8.38M	8.38M	8.61M	8.33M	8.84M	15.60M
Cash Flow
Free Cash Flow	-2.90M	-2.90M	-2.69M	-3.22M	-3.32M	-3.73M
Operating Cash Flow	-2.90M	-2.90M	-2.66M	-3.15M	-3.31M	-1.23M
Investing Cash Flow	-10.00K	-10.00K	-158.97K	-34.93K	211.28K	-2.49M
Financing Cash Flow	2.63M	2.63M	3.15M	2.81M	-6.12K	3.59M

Godolphin Resources Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GRL, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.88 is Neutral, neither overbought nor oversold. The STOCH value of 44.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:GRL.

Godolphin Resources Limited 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%
BRX	53 Neutral	AU$23.38M	-2.15	-26.42%	―	―	13.24%
GRL	50 Neutral	AU$29.41M	-4.77	-33.95%	―	―	53.93%
HWK	48 Neutral	AU$28.84M	-4.66	-53.09%	―	―	―
ALV	46 Neutral	AU$15.60M	-2.06	-171.73%	―	―	21.91%
RCR	46 Neutral	AU$5.36M	-3.95	-9.21%	―	―	54.74%
PNT	46 Neutral	AU$4.08M	-5.88	-6.18%	―	―	―

Godolphin Resources Limited Corporate Events

American Rare Earths Sells Godolphin Stake to Fast-Track Halleck Creek Project

American Rare Earths has sold its entire shareholding of 84.9 million shares in Godolphin Resources Limited, realising gross proceeds of $2.89 million and a gross profit of about $1.1 million, as part of a broader strategic review of non-core assets and a focus on disciplined capital management. The company plans to redeploy the funds to accelerate development activities, technical studies, and metallurgical optimisation at its flagship Halleck Creek Rare Earths Project in Wyoming, strengthen working capital, and maintain balance sheet flexibility, reinforcing Halleck Creek as its clear strategic priority and supporting its positioning as a key future supplier in the U.S. rare earths supply chain.

The most recent analyst rating on (AU:GRL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Godolphin Resources Limited stock, see the AU:GRL Stock Forecast page.

American Rare Earths Exits Substantial Holding in Godolphin Resources

Godolphin Resources Limited has disclosed that American Rare Earths Limited has ceased to be a substantial shareholder in the company, following a series of on-market share disposals in early January 2026. American Rare Earths sold a total of more than 56 million ordinary shares in Godolphin over several transactions between 5 and 8 January 2026, reducing its holding below the substantial shareholder threshold and signaling a full exit from its previously significant equity position in the company, which may alter Godolphin’s shareholder base composition and the influence of former strategic investors.

The most recent analyst rating on (AU:GRL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Godolphin Resources Limited stock, see the AU:GRL Stock Forecast page.

Godolphin Flags Major New IP Target to Grow Lewis Ponds Resource

Godolphin Resources has identified a large and previously under-tested induced polarisation chargeability anomaly along strike from the main Lewis Ponds mineral resource, extending roughly 1.5km in length and more than 400m at depth. The anomaly, known as the Eastern IP Target, is associated in its upper portions with disseminated sulphides including sphalerite, galena and chalcopyrite confirmed in historic drilling, and overlaps a zinc-in-soil geochemical anomaly, suggesting a potentially extensive sulphide-rich mineralised system. With the existing Lewis Ponds resource already hosting substantial contained gold and silver, the new IP results point to meaningful upside potential to expand the mineral resource, and Godolphin is planning a targeted drilling program to test these high-priority IP targets in the first quarter of 2026, which could enhance the project’s scale and strategic value for investors.

Godolphin Resources Advances Metallurgical Studies at Lewis Ponds

Godolphin Resources Limited has initiated several metallurgical studies on its Lewis Ponds resource, revealing a simple flotation process that produces zinc and lead-gold-silver-copper concentrates. The company reports promising recovery rates for various metals, indicating a strong potential for future sales and positioning itself strategically within the mining industry.

Godolphin Resources Announces Major Upgrade to Lewis Ponds Mineral Resource Estimate

Godolphin Resources Limited has announced a significant upgrade to the Mineral Resource Estimate (MRE) for its Lewis Ponds gold, silver, and base metals deposit, resulting in a 78% increase in tonnage, a 34% increase in gold, and a 44% increase in silver. This upgrade is part of ongoing work towards a scoping study, highlighting improved operating efficiencies and higher commodity prices, which enhance the project’s economic viability. The updated MRE underscores the potential of Lewis Ponds, with a total metal content of 630Koz Gold and 30.1Moz Silver, and supports the production of marketable concentrates through conventional flotation processes.

Godolphin Resources Achieves Breakthrough in Metallurgical Flotation at Lewis Ponds

Godolphin Resources Limited has announced the completion of metallurgical flotation tests at its Lewis Ponds project, resulting in the production of two high-quality concentrates: a clean zinc concentrate and a low-impurity lead-gold-silver concentrate. These results show significant improvements over previous tests, enhancing gold recovery and impurity rejection, which are expected to positively impact the project’s economic viability and resource estimates. The company plans to update its mineral resource estimate and conduct additional drilling to further expand its resource base, reinforcing the strategic importance of Lewis Ponds in its portfolio.

Godolphin Resources Issues New Shares to Support Strategic Projects

Godolphin Resources Limited announced the issuance of 4,166,667 fully paid ordinary shares at $0.012 per share, as approved by shareholders. This move aligns with the company’s compliance with the Corporations Act 2001, ensuring transparency and adherence to regulatory requirements. The issuance of shares is part of Godolphin’s strategic efforts to enhance its financial position and support its ongoing exploration and development projects, potentially impacting its market standing and stakeholder value.

Godolphin Resources Issues New Shares to Director

Godolphin Resources Limited announced the issuance of 4,166,667 ordinary fully paid shares to a director, as approved by shareholders during the Annual General Meeting on November 13, 2025. This move is part of the company’s strategic initiatives to strengthen its governance and align the interests of its directors with those of the shareholders, potentially impacting its market positioning and stakeholder relations positively.

Godolphin Resources Issues 30 Million Unlisted Options to Boost Growth

Godolphin Resources Limited has announced the issuance of 30 million unlisted options with varying expiration dates and exercise prices. This strategic move is likely to enhance the company’s financial flexibility and support its growth initiatives, potentially impacting its market positioning and providing opportunities for stakeholders.

Godolphin Resources Issues 9 Million Unlisted Options

Godolphin Resources Limited has announced the issuance of 9,000,000 unlisted options with an expiration date of November 30, 2028, and an exercise price of $0.0226. This issuance is part of a previously announced transaction and is not intended to be quoted on the ASX, potentially impacting the company’s financial strategy and stakeholder interests.

Godolphin Resources Announces Director’s Interest Change

Godolphin Resources Limited has announced a change in the director’s interest, with Director Jeneta Owens acquiring 3,000,000 unlisted options. This change, approved by shareholders, reflects the company’s ongoing efforts to align its leadership interests with shareholder value and strategic growth initiatives.

Godolphin Resources Updates Director’s Securities Holdings

Godolphin Resources Limited announced a change in the director’s interest, with Jeremy Read acquiring 2,000,000 unlisted options, as approved by shareholders. This move reflects the company’s ongoing efforts to align its leadership’s interests with its strategic goals, potentially impacting its operational focus and shareholder value.

Godolphin Resources Director Acquires Significant Shares

Godolphin Resources Limited announced a change in the director’s interest, with Christopher Gibbs acquiring 4,166,667 ordinary shares and 2,000,000 unlisted options through Morrison Heights Pty Ltd. This acquisition, approved by shareholders, reflects a strategic move to align the director’s interests with the company’s growth objectives, potentially impacting stakeholder confidence and market perception positively.

Godolphin Resources Updates Director’s Securities Interests

Godolphin Resources Limited has announced a change in the interests of its director, Amanda Sparks. The company has issued 2,000,000 unlisted options to Amanda Sparks, with an expiration date of November 30, 2028, and an exercise price of $0.0226, as approved by shareholders. This change reflects the company’s ongoing commitment to aligning its leadership’s interests with shareholder approval, potentially impacting its governance and strategic direction.

Godolphin Resources Secures Shareholder Support at AGM

Godolphin Resources Limited announced that all resolutions at its Annual General Meeting were passed by a poll. This outcome reflects strong shareholder support and positions the company to continue its strategic focus on exploring and developing critical minerals and metals, which is crucial for its role in the clean energy transition.

Godolphin Resources Announces AGM with Presentation by Managing Director

Godolphin Resources Limited announced its upcoming Annual General Meeting, where Managing Director Jeneta Owens will deliver a presentation. The meeting will be held physically in Brisbane and accessible via a webinar link, reflecting the company’s commitment to transparency and stakeholder engagement.

Godolphin Resources Reports Major Progress in Lewis Ponds Project

Godolphin Resources Limited announced significant progress in its Lewis Ponds project, with a major upgrade in mineral resource estimates, including increased tonnage and higher grades of gold and silver. The company also identified new exploration targets and confirmed favorable metallurgical properties, which together with strong financial backing, position Godolphin for substantial growth and scalability in the mining sector.