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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 | 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
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% | |
49 Neutral | AU$31.87M | -7.10 | -99.27% | ― | ― | -36.36% | |
46 Neutral | AU$6.43M | -1.26 | -34.90% | ― | ― | 52.53% | |
45 Neutral | AU$18.43M | -3,062.78 | 5.92% | ― | ― | ― | |
45 Neutral | AU$5.56M | -0.39 | -330.13% | ― | ― | 61.60% | |
43 Neutral | AU$6.44M | -0.93 | -120.84% | ― | ― | -349.06% |
Mount Ridley Mines Limited Corporate Events
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 shares will remain suspended until the earlier of the market opening on 24 March 2026 or the publication of the pending announcement, signaling that a potentially significant update to the company’s resource base and valuation is imminent for investors and other stakeholders.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 company also affirmed it remains compliant with relevant financial reporting and continuous disclosure requirements and that there is no excluded information requiring disclosure, indicating the share issue is a routine capital management step rather than a signal of undisclosed material developments.
This move slightly expands Mount Ridley’s share capital while relying on established legal provisions that allow certain placements without a prospectus. For investors, the notice primarily provides regulatory assurance that governance and disclosure standards are being met and that no additional material information is being withheld in connection with this share issue.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 existing securities, slightly expanding the company’s tradable share base and potentially improving liquidity for current and prospective shareholders.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 and Managing Director and CEO Allister Caird. The release also confirms the company’s registered office, principal place of business, auditors, share registry provider, and ASX listing arrangements, reinforcing its compliance and operational framework without announcing new projects or strategic initiatives.
This update serves primarily as a formal corporate directory notice rather than a strategic or operational announcement and does not provide new information on exploration activities, financial performance, or future plans. As such, the immediate impact on shareholders and broader stakeholders appears limited, with the key takeaway being the confirmation of current corporate governance and administrative service providers.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 Pty Ltd, including 15,000,000 fully paid ordinary shares, 5,000,000 unlisted options and 5,000,000 Class F performance rights.
The change removes a board-level representative associated with a sizeable indirect equity and options position, clarifying the company’s governance and ownership disclosures for investors. Stakeholders now have updated visibility on board composition and on how a substantial parcel of shares and performance-linked instruments is held following Kastellorizos’ departure.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 in related contracts at the time of his appointment, indicating a starting position free of equity or contractual ties.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 experience in equity markets and corporate strategy are expected to bolster the company’s access to capital and support its growth ambitions.
Chief Executive Officer Allister Caird has been elevated to Managing Director and CEO, reflecting the board’s confidence in his role in repositioning Mount Ridley as an emerging critical minerals player and steering the project’s strategic direction. The reshuffle, which includes Peter Christie moving to Non-Executive Director and Pedro Kastellorizos becoming a Technical Advisor, is intended to create a stronger governance and technical framework for the next phase of exploration, partnerships and downstream development.
Caird’s revised employment terms include base remuneration of $300,000 per year plus superannuation, underscoring the company’s commitment to leadership stability as it executes a defined corporate strategy. The board says the refreshed structure is aligned with accelerating exploration and resource growth, advancing metallurgical partnerships and pursuing value-adding downstream initiatives across its scandium, gallium and rare earth portfolio.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 financial reporting and continuous disclosure obligations and that there is no excluded information requiring disclosure, indicating the placement is routine and does not signal undisclosed material developments for investors.
The board formally authorised the announcement, underscoring adherence to governance processes around capital management and disclosure. For shareholders, the move reflects a modest expansion of the company’s capital base under standard Australian regulatory provisions, with no additional operational or strategic changes flagged in connection with the new share issue.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 securities and will increase the company’s quoted share capital on the market.
The quotation of these additional shares marginally expands Mount Ridley Mines’ free float and may enhance trading liquidity for existing and new shareholders. While the issuance is modest in size, it reflects ongoing capital structuring activity as the company funds its exploration initiatives within the mining sector.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 January 2026, marginally expands the company’s issued capital base and may provide additional liquidity for shareholders, but does not in itself signal a major shift in the company’s operational or strategic positioning.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 laterally extensive regolith-hosted mineralisation that is interpreted to extend beyond the current resource footprint. During the quarter the company consolidated the entire Grass Patch Complex into a single contiguous land package covering around 70km of strike, much of which remains untested, executed a material transfer agreement with the Lawrence Livermore National Laboratory in the US to advance preliminary metallurgical and rare earth extraction test work, strengthened its technical leadership with the appointment of a CEO and bolstered its cash position to about $2.83m, collectively enhancing its growth potential and positioning in the critical minerals sector.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 scandium is co-located with a substantial gallium resource and emerging heavy rare earth potential across multiple near-surface blocks, with mineralisation geometry suited to potential bulk-tonnage open pit mining and integrated processing flowsheets. The company highlights that scandium’s high-value aerospace and defence applications, combined with constrained global supply, could materially enhance project economics, while the co-hosted scandium–gallium system offers capital and operating efficiencies. With more than 75% of the 1,000 km² tenure still untested and strong infrastructure access via the nearby Esperance port, the results materially advance Mount Ridley’s positioning as a large-scale critical minerals supplier and underline significant scope for further resource growth and refinement.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 made or normal trading resumes on 29 January 2026, signalling that the forthcoming resource estimate could be significant for the company’s asset base and strategic positioning in the emerging scandium market.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 for such placements. The company affirmed it remains compliant with its financial reporting and continuous disclosure obligations and stated there is no excluded information requiring disclosure, indicating that the capital raising has been structured within existing regulatory frameworks and without undisclosed material information for investors.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 expands the company’s issued capital base, but the announcement provides limited detail on the underlying transactions, suggesting minimal immediate impact on overall capital structure or on existing shareholders’ positions.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 company’s listed capital base and are expected to strengthen its funding position, with implications for existing shareholder dilution and the company’s capacity to progress its exploration and development activities.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 Corporations Act’s exemption provisions. The company confirmed it remains compliant with its financial reporting and continuous disclosure obligations and stated there is no excluded information requiring disclosure, signalling that the share issue is a routine capital markets transaction rather than a response to undisclosed developments, which helps maintain transparency and regulatory confidence for investors.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 marginally expands the company’s share base and signals continued shareholder participation in its capital structure, though the announcement does not provide further operational or strategic context around the issuance.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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 tranche of options expiring 9 September 2030 at an exercise price of $0.01. The expiry and cessation of these securities reduce the company’s pool of outstanding options, slightly simplifying its capital structure and potentially limiting near-term dilution for existing shareholders, while also indicating that prior exercise prices were not met under prevailing market conditions.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
Mount Ridley Mines Limited has announced the cessation of 43,610,314 MRDAA options, which were due to expire on 31 December 2025 at an exercise price of $0.05. The options lapsed because the conditions attached to the conditional rights to securities were not met or could no longer be satisfied, resulting in a reduction of the company’s potential future issued capital and altering the structure of its outstanding securities.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
Mount Ridley Mines Limited has issued 2,566,666 new ordinary shares, as recorded in an Appendix 2A lodged on 8 January 2026, and has notified the market that these securities were issued without a disclosure document under the Corporations Act. The company confirmed it is compliant with its financial reporting and continuous disclosure obligations and stated there is no excluded information requiring disclosure, signalling that the share issue is being undertaken within standard regulatory parameters and without undisclosed price-sensitive information for existing or prospective shareholders.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
Mount Ridley Mines Limited has applied to the ASX for quotation of 2,566,666 new ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities slightly expands the company’s issued capital base and may provide additional funding flexibility, though it represents a routine corporate action with limited immediate impact on its overall operations or market positioning.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
Mount Ridley Mines Limited has issued 1,040,766 new shares in its capital as recorded in an Appendix 2A dated 31 December 2025, and has notified the market that these securities were issued without a disclosure document under the Corporations Act. The company confirmed it remains compliant with its financial reporting and continuous disclosure obligations and stated there is no excluded information requiring disclosure, signalling that the small capital issuance is routine and not associated with any undisclosed material developments for investors.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
Mount Ridley Mines Limited has applied to the ASX for quotation of 1,040,766 new ordinary fully paid shares, following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted capital reflects ongoing capital management activity and may slightly broaden the company’s shareholder base, but does not in itself signal a material change to operations or strategy.
The most recent analyst rating on (AU:MRD) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Mount Ridley Mines Limited stock, see the AU:MRD Stock Forecast page.
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.