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Mount Ridley Mines Limited
(Sydney:MRD)
Mount Ridley Mines Limited (MRD) vs. iShares MSCI Australia ETF (EWA)
Mount Ridley Mines Limited Business Overview & Revenue Model
Mount Ridley Mines Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 453.18K | 453.18K | 1.09M | 683.52K | 9.64K | 6.29K |
| Gross Profit | 453.18K | 453.18K | 1.09M | 597.20K | -21.44K | 112.00 |
| EBITDA | -731.83K | -731.83K | -1.84M | -5.21M | -4.28M | -937.56K |
| Net Income | -2.64M | -2.64M | -1.99M | -4.65M | -4.31M | -943.75K |
Balance Sheet | ||||||
| Total Assets | 1.21M | 1.21M | 3.96M | 6.41M | 5.17M | 5.93M |
| Cash, Cash Equivalents and Short-Term Investments | 950.13K | 950.13K | 1.79M | 3.86M | 2.73M | 3.85M |
| Total Debt | 0.00 | 0.00 | 24.17K | 57.41K | 80.90K | 0.00 |
| Total Liabilities | 52.21K | 52.21K | 162.11K | 477.85K | 211.87K | 384.20K |
| Stockholders Equity | 1.16M | 1.16M | 3.80M | 5.93M | 4.96M | 5.55M |
Cash Flow | ||||||
| Free Cash Flow | -1.02M | -1.02M | -2.05M | -4.18M | -3.39M | -1.56M |
| Operating Cash Flow | -1.02M | -1.02M | -2.05M | -3.96M | -3.19M | -1.56M |
| Investing Cash Flow | 598.49K | 7.85K | 5.03K | -277.09K | 293.48K | -50.53K |
| Financing Cash Flow | -24.75K | 565.89K | -35.94K | 5.45M | 3.71M | 2.66M |
Mount Ridley Mines Limited Peers Comparison
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% | |
46 Neutral | AU$4.52M | ― | -47.79% | ― | ― | 52.53% | |
44 Neutral | AU$40.85M | -10.67 | -106.64% | ― | ― | -36.36% | |
44 Neutral | AU$23.95M | -52.26 | ― | ― | ― | ― | |
44 Neutral | AU$7.61M | -0.55 | -78.12% | ― | ― | -349.06% | |
44 Neutral | AU$5.98M | -4.58 | -38.30% | ― | ― | 61.60% |
Mount Ridley Mines Limited Corporate Events
Mount Ridley Mines Limited has provided further detail on how it assessed the Reasonable Prospects of Eventual Economic Extraction (RPEEE) for its recently announced gallium mineral resource at the Mount Ridley Project, emphasising that gallium occurs in the same clay horizons being evaluated for rare earths and is expected to be treated as a by-product within a REE-centric processing scheme rather than via a standalone gallium plant. The company highlighted encouraging REE and scandium results from drilling and re-assays across the broader Grass Patch Complex, confirmed that metallurgical testwork shows the regolith clays respond to chemical processing, and noted that comparable clay-hosted systems support secondary recovery of gallium; it also disclosed a new Material Transfer Agreement with the US-based Lawrence Livermore National Laboratory for early-stage analysis and testwork, while stressing that none of this work changes its existing mineral resource estimates or the RPEEE basis, which remain underpinned by ongoing metallurgical studies and consultation with an independent Competent Person.
Mount Ridley Mines Limited has disclosed a change in director Pedro Kastellorizos’ indirect interests in the company’s securities. The change reflects the conversion of 5 million Class E Performance Rights, previously held via Bluekebble Pty Ltd, into 5 million fully paid ordinary shares at no cash consideration after the satisfaction of a performance milestone, increasing his indirect shareholding to 15 million ordinary shares while leaving his options and remaining performance rights unchanged. This reshaping of his equity exposure aligns his incentives more closely with ordinary shareholders and signals the achievement of internal performance targets, but does not involve any on‑market trading activity or cash transaction.
Mount Ridley Mines has issued 21,791,222 new shares, as recorded in an Appendix 2A lodged on 19 December 2025, and has notified the market that this capital raising was conducted without a disclosure document under the relevant provisions of the Corporations Act. The company affirmed it remains compliant with its continuous disclosure and financial reporting obligations and stated there is no excluded information requiring disclosure, signalling that the share issue is being carried out within existing regulatory frameworks and without undisclosed material developments for investors.
Mount Ridley Mines Limited has applied to the ASX for quotation of 21,791,222 new fully paid ordinary shares, issued on 19 December 2025. The additional securities arise from the exercise or conversion of existing options or other convertible securities, modestly expanding the company’s free-float and potentially improving liquidity for shareholders, while signaling ongoing capital structuring activity that may support future operational or exploration initiatives.
Mount Ridley Mines has signed a Material Transfer Agreement with Lawrence Livermore National Security, LLC, operator of the US Department of Energy’s Lawrence Livermore National Laboratory, to supply ore samples from its Western Australian projects for initial leaching and rare earth extraction and separation test work. The six‑month technical evaluation marks an early but strategically important step in Mount Ridley’s plan to develop downstream processing options in allied jurisdictions, giving it access to world‑class research capabilities and potentially strengthening its role in non‑Chinese critical mineral supply chains amid growing efforts by the US and partners to bolster supply security.
Mount Ridley Mines Limited has secured funding certainty through an underwriting agreement with GBA Capital Pty Ltd, ensuring the exercise of 3 cent options and maintaining a strong cash position. This move will facilitate the company’s exploration and metallurgical testing efforts, enabling progress on high-priority drill targets, resource definition, and downstream evaluation, reinforcing its strategic position in the mineral mining sector.
Mount Ridley Mines Limited has released a presentation detailing its exploration strategy and results, emphasizing its focus on critical minerals like heavy rare earths, scandium, and gallium. The announcement highlights the company’s commitment to developing resources in line with the JORC Code, which could enhance its positioning in the mining industry. The release also includes disclaimers about forward-looking statements, indicating the inherent uncertainties and risks involved in mineral exploration.
Mount Ridley Mines Limited has announced the issuance of 200,000,000 unquoted securities, specifically options expiring on September 9, 2030, at an exercise price of $0.01. This move could potentially enhance the company’s capital structure and provide additional financial flexibility, impacting its operational capabilities and strategic positioning within the mining sector.
Mount Ridley Mines Limited has announced the issuance of 1,679,449 shares without a disclosure document, in compliance with the Corporations Act. This strategic move indicates the company’s adherence to regulatory requirements and may impact its capital structure, potentially influencing investor perceptions and market positioning.
Mount Ridley Mines Limited has announced the quotation of 1,679,449 ordinary fully paid securities on the ASX, effective November 26, 2025. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market presence and offering opportunities for stakeholders to engage with its growth trajectory.
Mount Ridley Mines Limited has announced a significant geophysical reinterpretation of its Mount Ridley Project, revealing seven new high-priority target zones for rare earth elements and gallium. This reinterpretation has identified a 33km long corridor with potential for resource growth, including a 12.8km section east of existing resources. The findings suggest a strong correlation between mineralization and geophysical signatures, providing a robust framework for future exploration. These developments could enhance the company’s resource base and strengthen its position in the rare earth and gallium markets, potentially benefiting stakeholders through increased resource potential and strategic exploration opportunities.
Mount Ridley Mines Limited announced the issuance of unquoted securities, including 143,023,352 options expiring in 2030 and 30,000,000 performance rights. This move is part of previously announced transactions and reflects the company’s ongoing efforts to enhance its financial structure and support its strategic initiatives in the mining sector.
Mount Ridley Mines Limited has announced the issuance of 52,500,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code MRD. This move is part of previously announced transactions and could enhance the company’s capital base, potentially impacting its operational capacity and market positioning.
Mount Ridley Mines Limited held its Annual General Meeting on November 19, 2025, where all resolutions, except for two that were withdrawn, were passed by a poll. The meeting’s outcomes suggest stable governance and shareholder support, which could positively impact the company’s operations and stakeholder confidence.
Mount Ridley Mines Limited has announced the quotation of 314,583 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 13, 2025. This move is part of the company’s strategic financial operations, potentially impacting its market presence and offering stakeholders an opportunity to engage with its securities.
Mount Ridley Mines Limited has expanded its exploration licenses at the Mount Ridley Gallium and Rare Earth Project, securing the entire Grass Patch Complex in Western Australia. This strategic move consolidates control over a significant geological domain known for its critical mineral potential, including gallium and heavy rare earth elements. With only 20% of the area tested, the company plans to conduct further drilling to explore untapped mineralized zones, potentially enhancing its resource estimates and strengthening its position in the critical minerals market.
Mount Ridley Mines Limited has issued 2,900,000 shares without a disclosure document, as permitted under section 708A(5)(e) of the Corporations Act. This strategic move aligns with the company’s compliance with relevant legal provisions and does not require additional information disclosure, potentially impacting its market operations and stakeholder interests.
Mount Ridley Mines Limited has appointed Mr. Allister Caird as the new Chief Executive Officer, effective November 6, 2025. Mr. Caird brings over 15 years of experience in the energy and resources sector, with a strong background in critical minerals markets and downstream strategies. His appointment is expected to strengthen Mount Ridley’s technical and strategic capabilities, particularly as the company advances its rare earth and gallium projects in Western Australia and seeks strategic partnerships in the United States. This leadership change is anticipated to enhance the company’s ability to engage with stakeholders and secure funding and partnerships.
Mount Ridley Mines Limited has announced a significant gallium resource at its Mount Ridley Project, establishing it as one of the largest known gallium resources globally. The project has an inferred mineral resource of 838.7 million tonnes at 29.3 ppm gallium, spread across three distinct blocks. This discovery highlights the project’s potential for multi-element mineralization, including scandium and heavy rare earth elements. The company is planning metallurgical studies to evaluate the production of mixed rare earth carbonate products, with over 70% of the project area still unexplored for gallium, indicating substantial exploration potential.
Mount Ridley Mines Limited has announced its maiden Gallium Mineral Resource Estimate at the Mt Ridley Project in Western Australia, marking a significant advancement in its strategy to develop a multi-element critical minerals project. The estimate reveals an inferred resource of 838.7 million tonnes of gallium, with strong correlations to heavy rare earth elements, underscoring the project’s potential to contribute to the Australian and allied supply chains for strategic metals. The company is also exploring innovative metallurgical solutions and engaging with advisors to enhance its critical mineral capabilities.
Mount Ridley Mines Limited announced the issuance of 101,482,320 unquoted securities, which are options expiring on September 9, 2030, with an exercise price of $0.01. 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.
Mount Ridley Mines Limited has announced the application for quotation of 202,964,641 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective October 24, 2025. This move is part of a previously announced transaction, potentially impacting the company’s liquidity and market presence by increasing the number of shares available for trading, which could attract more investors and enhance its market positioning.
Mount Ridley Mines Limited has requested a trading halt on its securities pending an announcement concerning a maiden gallium mineral resource estimate. This move is significant as it suggests a potential development in the company’s mineral resource portfolio, which could impact its market positioning and stakeholder interests.
Mount Ridley Mines Limited has announced a proposed issue of securities, including performance rights, ordinary shares, and options, totaling 288,750,000 securities. This strategic move is aimed at enhancing the company’s capital structure and supporting its ongoing exploration and development activities, potentially impacting its market position and offering new opportunities for stakeholders.
Mount Ridley Mines Limited has announced its upcoming Annual General Meeting (AGM) scheduled for November 19, 2025, in West Perth, Australia. The company will not send physical copies of the meeting notice but has made it available online, encouraging shareholders to vote electronically or via proxy. This move reflects a shift towards digital communication, potentially enhancing shareholder engagement and operational efficiency.
Mount Ridley Mines Limited has announced its Annual General Meeting, scheduled for November 19, 2025, in West Perth, Australia. The meeting will address several key resolutions, including the adoption of the Remuneration Report, potential spill resolution, and the election and re-election of directors. These decisions could significantly impact the company’s governance and strategic direction, influencing shareholder confidence and the company’s future operations.