Mount Ridley Mines Limited (AU:MRD)
ASX:MRD
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Mount Ridley Mines Limited
(Sydney:MRD)
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Rating:42Neutral
Price Target:
AU$0.03
â–˛(3.33% Upside)
Action:ReiteratedDate:03/25/26
The score is primarily weighed down by weak financial performance—sharp revenue decline, persistent losses, and ongoing negative free cash flow with material equity erosion—despite the benefit of very low leverage. Technical indicators also lean bearish (negative MACD and weak RSI), and valuation is constrained by loss-making earnings and no dividend support.
Positive Factors
Very low leverage / minimal debt
Effectively no debt materially reduces refinancing and insolvency risk for an exploration-stage company. This durable structural strength preserves optionality to pursue funding, JV partnerships or staged exploration without pressing debt maturities, improving long-term resilience.
Negative Factors
Sharp revenue decline and volatility
A steep drop in a very small revenue base undermines the company's ability to self-fund exploration and makes forecasting cash flows unreliable. Persistent top-line volatility complicates capital planning and lengthens the timeline to reach sustainable operations or attract stable partners.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / minimal debt
Effectively no debt materially reduces refinancing and insolvency risk for an exploration-stage company. This durable structural strength preserves optionality to pursue funding, JV partnerships or staged exploration without pressing debt maturities, improving long-term resilience.
Read all positive factors
Mount Ridley Mines Limited (MRD) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$42.49M
Dividend YieldN/A
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)-0.08
Revenue GrowthN/A
EPS Growth-36.36%
CountryAU
Employees1
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,327,735,000
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.34
Price to Sales (P/S)3.43
P/FCF Ratio-1.53
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
Mount Ridley Mines Limited Business Overview & Revenue Model
Company Description
Mount Ridley Mines Limited engages in the exploration for mineral properties in Australia. The company explores for nickel, iron, copper, and gold deposits, as well as rare earth elements. It primarily holds 100% interests in the Mount Ridley proj...
How the Company Makes Money
Mount Ridley Mines Limited does not publicly disclose a consistent operating revenue stream from selling products or services; as an exploration-stage company, its activities are typically focused on spending capital on exploration rather than gen...
Mount Ridley Mines Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
52
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 428.07K | 453.18K | 1.09M | 683.52K | 9.64K | 6.29K |
| Gross Profit | 418.47K | 453.18K | 1.09M | 597.20K | -21.44K | 112.00 |
| EBITDA | -1.28M | -731.83K | -1.84M | -5.21M | -4.28M | -937.56K |
| Net Income | -1.51M | -2.64M | -1.99M | -4.65M | -4.31M | -943.75K |
Balance Sheet | ||||||
| Total Assets | 2.13M | 1.21M | 3.96M | 6.41M | 5.17M | 5.93M |
| Cash, Cash Equivalents and Short-Term Investments | 1.83M | 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 | 239.23K | 52.21K | 162.11K | 477.85K | 211.87K | 384.20K |
| Stockholders Equity | 1.89M | 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 | 449.27K | 7.85K | 5.03K | -277.09K | 293.48K | -50.53K |
| Financing Cash Flow | 1.59M | 565.89K | -35.94K | 5.45M | 3.71M | 2.66M |
Mount Ridley Mines 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% | |
46 Neutral | AU$5.51M | -1.26 | -34.90% | ― | ― | 52.53% | |
45 Neutral | AU$6.25M | -0.39 | -330.13% | ― | ― | 61.60% | |
44 Neutral | AU$7.02M | -0.93 | -120.84% | ― | ― | -349.06% | |
42 Neutral | AU$42.49M | -7.10 | -99.27% | ― | ― | -36.36% | |
39 Underperform | AU$16.21M | -27.87 | 5.86% | ― | ― | ― |
* Basic Materials Sector Average
AU:MRD
Mount Ridley Mines Limited
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Mount Ridley Mines Limited Corporate Events
Mount Ridley bolsters Grass Patch rare earths project with strong historical metallurgical results
Apr 8, 2026
Mount Ridley Mines has reported that a review of historical metallurgical testwork shows strong leach responses for heavy rare earth elements across the Grass Patch Complex, underpinning its recently defined heavy rare earth mineral resource at Ke...
Mount Ridley Mines to Outline Critical Minerals Strategy in Investor Webinar
Mar 29, 2026
Mount Ridley Mines Limited has scheduled an investor webinar via MarketOpen Direct Connect on 1 April 2026 to engage shareholders and the market. Managing Director and CEO Allister Caird and Non-Executive Chairman David Wall will outline the compa...
Mount Ridley Mines outlines critical minerals focus and reiterates exploration risks
Mar 25, 2026
Mount Ridley Mines has presented an updated overview of its critical minerals portfolio at the Mineral Sands and Rare Earths Conference in Perth, highlighting its exposure to heavy rare earths, scandium, gallium and light magnetic rare earths. The...
Mount Ridley Unveils Major Heavy Rare Earth Resource at WA Project
Mar 23, 2026
Mount Ridley Mines has reported an inferred heavy rare earth oxide resource of 122.56 million tonnes at 889 ppm total rare earth oxides at its Mt Ridley Project, including 44,610 tonnes of heavy rare earth oxides with a premium 41% HREE ratio and ...
Mount Ridley Mines Halts Trading Ahead of Material Resource Update
Mar 19, 2026
Mount Ridley Mines Limited has requested and been granted a trading halt on its securities by the ASX, effective from 20 March 2026, as the company prepares to release an announcement regarding a material mineral resource estimate. Trading in MRD ...
Mount Ridley Issues New Shares Under Corporations Act Exemption
Mar 13, 2026
Mount Ridley Mines Limited has issued 152,872 new shares, as detailed in an Appendix 2A lodged on 13 March 2026, and has confirmed the issuance was conducted without a disclosure document under the exemption provisions of the Corporations Act. The...
Mount Ridley Mines Seeks ASX Quotation for Additional Shares
Mar 13, 2026
Mount Ridley Mines Limited has applied to the ASX for quotation of 152,872 new ordinary fully paid shares, following the issue of these securities on March 13, 2026. The modest increase in quoted capital reflects the conversion or exercise of exis...
Mount Ridley Mines Issues Corporate Directory and Governance Update
Mar 13, 2026
Mount Ridley Mines Limited has outlined its core corporate details in a recent disclosure, including its board of directors, executive leadership, and company secretary, highlighting a governance structure led by Non-Executive Chairman David Wall ...
Mount Ridley Mines Discloses Departure of Director Pedro Kastellorizos
Mar 11, 2026
Mount Ridley Mines Limited has notified the ASX that director Pedro Kastellorizos has ceased to be a director of the company as of 11 March 2026. The filing confirms he held no securities in his own name but had indirect interests via Bluekebble P...
Mount Ridley Mines Appoints David Wall as Director With No Initial Shareholding
Mar 11, 2026
Mount Ridley Mines Limited has appointed David Wall as a director effective 11 March 2026, according to a filing with the ASX. The initial director’s interest notice confirms that Wall holds no securities in the company and has no interests ...
Mount Ridley Mines Overhauls Board to Drive Critical Minerals Growth
Mar 10, 2026
Mount Ridley Mines has revamped its board and leadership team, appointing capital markets veteran David Wall as Non-Executive Chairman to help position the Mount Ridley Project as a major critical minerals opportunity. Wall’s two decades of ...
Mount Ridley Mines Issues 2.5 Million Shares Under Cleansing Notice
Feb 27, 2026
Mount Ridley Mines Limited has issued 2,500,000 new shares and lodged a cleansing notice under section 708A(5)(e) of the Corporations Act, confirming the shares were issued without a disclosure document. The company stated it is compliant with its...
Mount Ridley Mines Seeks ASX Quotation for Additional Shares
Feb 27, 2026
Mount Ridley Mines Limited has applied to the ASX for quotation of 2,500,000 additional ordinary fully paid shares. The new securities, issued on February 27, 2026, arise from the exercise or conversion of existing options or other convertible sec...
Mount Ridley Mines Seeks Quotation for Additional Ordinary Shares
Jan 30, 2026
Mount Ridley Mines Limited has applied to the ASX for quotation of 5,035,833 new ordinary fully paid shares, following the exercise or conversion of options or other convertible securities. The modest increase in quoted securities, effective 30 Ja...
Mount Ridley Defines Major Scandium and Gallium Resources, Expands Critical Minerals Footprint
Jan 30, 2026
Mount Ridley Mines has reported a maiden JORC (2012) Inferred Mineral Resource for both scandium and gallium at its Mount Ridley Critical Minerals Project, outlining 367.98Mt at 57.3 ppm scandium and 838.7Mt at 29.3 ppm gallium, confirming lateral...
Mount Ridley Unveils One of World’s Largest Scandium Resources at WA Critical Minerals Project
Jan 28, 2026
Mount Ridley Mines has reported a maiden JORC-compliant Inferred Scandium Mineral Resource of 367.98 million tonnes at 57.3 ppm scandium at its Mount Ridley Project, ranking it among the largest publicly reported scandium resources worldwide. The ...
Mount Ridley Mines Halts Trading Ahead of Maiden Scandium Resource Estimate
Jan 27, 2026
Mount Ridley Mines Limited has requested an immediate trading halt in its securities on the ASX as it prepares to release a material maiden scandium mineral resource estimate. The halt will remain in place until either the expected announcement is...
Mount Ridley Mines Issues 41.9 Million New Shares Under Cleansing Notice
Jan 21, 2026
Mount Ridley Mines Limited has issued 41,975,890 new shares, as detailed in its latest Appendix 2A, and has lodged a cleansing notice confirming that the securities were issued without a disclosure document under the Corporations Act provisions fo...
Mount Ridley Mines Seeks Quotation of Additional Ordinary Shares on ASX
Jan 21, 2026
Mount Ridley Mines Limited has applied to the ASX for quotation of 25,889 new fully paid ordinary shares, following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities slightly e...
Mount Ridley Mines Seeks ASX Quotation for 41.95 Million New Shares
Jan 21, 2026
Mount Ridley Mines Limited has applied to the ASX for quotation of 41,950,001 new ordinary fully paid shares, issued under an underwriting agreement dated 18 December 2025. The additional shares, quoted from 21 January 2026, expand the companyR...
Mount Ridley Mines Issues New Shares Under Disclosure Exemption
Jan 13, 2026
Mount Ridley Mines Limited has issued 1,579,417 new fully paid ordinary shares, as recorded in an Appendix 2A lodged on 13 January 2026, and has notified the market that these securities were issued without a disclosure document under the Corporat...
Mount Ridley Mines Seeks ASX Quotation for Additional Ordinary Shares
Jan 13, 2026
Mount Ridley Mines Limited has applied to the ASX for quotation of 1,579,417 new fully paid ordinary shares following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities marginal...
Mount Ridley Mines Streamlines Capital Structure as Large Option Tranche Expires
Jan 12, 2026
Mount Ridley Mines Limited has notified the market of the cessation of certain options on issue, including the expiry without exercise of 41,950,001 options (expiring 31 December 2025 at an exercise price of $0.03) and the cessation of a smaller t...
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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