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Rafaella Resources Ltd. (AU:PVT)
ASX:PVT
Australian Market

Rafaella Resources Ltd. (PVT) AI Stock Analysis

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AU:PVT

Rafaella Resources Ltd.

(Sydney:PVT)

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Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
AU$0.01
▲(40.00% Upside)
The score is primarily held back by weak operating fundamentals and persistent cash burn despite a strong, low-debt balance sheet. Technical indicators also point to a soft downtrend, and valuation is difficult to justify with ongoing losses and no dividend support.
Positive Factors
Balance Sheet Strength
A strong balance sheet with no debt enhances financial flexibility, allowing the company to invest in growth opportunities without the burden of interest payments.
Strategic Exploration Initiatives
The discovery of new exploration targets can lead to significant resource development, potentially increasing the company's asset base and market position in the mining industry.
Capital Management Strategy
Issuing options as part of a capital management strategy can provide funding flexibility and align stakeholder incentives with long-term company performance.
Negative Factors
Persistent Cash Burn
Ongoing negative cash flow suggests reliance on external funding, which can limit financial stability and growth potential if not addressed.
Volatile Revenue
Volatile revenue streams can hinder long-term planning and investment, making it challenging to achieve consistent growth and profitability.
Deeply Negative Net Margins
Sustained negative margins indicate operational inefficiencies and a cost structure that exceeds revenue, threatening long-term viability unless addressed.

Rafaella Resources Ltd. (PVT) vs. iShares MSCI Australia ETF (EWA)

Rafaella Resources Ltd. Business Overview & Revenue Model

Company DescriptionPivotal Metals Limited explores for and develops tungsten and tin projects in Spain. It also explores for nickel, cobalt, copper, platinum group metals, and gold projects in Canada. The company was formerly known as Rafaella Resources Limited and changed its name to Pivotal Metals Limited in November 2022. Pivotal Metals Limited was incorporated in 2017 and is based in Brisbane, Australia.
How the Company Makes MoneyRafaella Resources Ltd. generates revenue through the exploration, extraction, and sale of mineral resources, primarily focusing on metals like tungsten and gold. The company's key revenue streams include the sale of extracted minerals to industrial buyers and manufacturers who use these materials in various applications. Rafaella Resources may also earn income from joint ventures or partnerships with other mining companies, which can provide access to additional resources and markets. Furthermore, the company might benefit from government incentives or subsidies aimed at promoting sustainable mining practices. By maintaining efficient mining operations and exploring new resource deposits, Rafaella Resources ensures a steady flow of revenue from its mining activities.

Rafaella Resources Ltd. Financial Statement Overview

Summary
Rafaella Resources Ltd. demonstrates a mix of strengths and weaknesses. While the balance sheet is robust with low debt, income statement and cash flow issues reflect significant operational inefficiencies and cash management challenges. The company needs to improve profitability and cash generation to enhance financial health.
Income Statement
Rafaella Resources Ltd. has experienced fluctuating revenue with a recent decline, although gross profit has improved in 2024. Profitability remains an issue with negative EBIT and net income margins, indicating ongoing operational challenges.
Balance Sheet
The company maintains a strong equity position with no debt, reflected in a solid equity ratio. However, return on equity is negative due to persistent losses, posing a risk to financial stability.
Cash Flow
Negative operating and free cash flows highlight cash management challenges. The free cash flow has shown some improvement but remains negative, indicating potential liquidity concerns.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue83.14K83.14K54.34K138.01K1.69K94.63K
Gross Profit83.14K83.14K54.34K18.82K-93.09K62.98K
EBITDA-1.08M-1.08M-1.73M-18.90M-1.99M-1.96M
Net Income-1.55M-1.55M-1.87M-19.05M-2.09M-1.99M
Balance Sheet
Total Assets15.14M15.14M13.35M13.89M22.11M20.23M
Cash, Cash Equivalents and Short-Term Investments1.52M1.52M1.44M5.54M691.84K3.38M
Total Debt0.000.000.00984.17K150.35K62.02K
Total Liabilities220.76K220.76K310.89K1.23M2.76M478.01K
Stockholders Equity14.92M14.92M13.04M12.66M19.35M19.75M
Cash Flow
Free Cash Flow-2.56M-2.56M-5.69M-6.01M-4.68M-4.59M
Operating Cash Flow-441.21K-441.21K-5.68M-5.89M-4.62M-4.57M
Investing Cash Flow-2.12M-2.12M89.52K-194.70K-51.74K62.23K
Financing Cash Flow2.78M2.78M1.37M10.91M1.92M6.71M

Rafaella Resources Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
49
Neutral
AU$20.97M-8.42-11.09%36.67%
49
Neutral
AU$17.91M-3.23-42.91%-4.35%
47
Neutral
AU$30.25M-0.56-83.04%-81.91%-368.18%
46
Neutral
AU$8.15M-0.43-119.49%-405.06%
45
Neutral
AU$60.44M6.739.42%-100.00%
45
Neutral
AU$30.09M-11.11-7.30%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PVT
Rafaella Resources Ltd.
0.02
<0.01
60.00%
AU:PNN
PepinNini Minerals Limited
0.11
0.02
20.88%
AU:CUF
CuFe Limited
0.04
0.03
250.00%
AU:CRR
Critical Resources Ltd
0.01
0.00
0.00%
AU:EVG
BlackEarth Minerals NL
0.03
0.01
55.00%
AU:INF
Infinity Lithium Corporation Limited
0.02
-0.01
-41.38%

Rafaella Resources Ltd. Corporate Events

Pivotal Metals Issues 40 Million Unquoted Options in Capital Management Move
Dec 22, 2025

Pivotal Metals Limited has notified the market of the issue of 40 million unquoted options, exercisable at A$0.025 and expiring on 22 December 2028. These securities, issued under a previously announced arrangement and not intended to be quoted on the ASX, form part of the company’s broader capital management strategy, potentially providing additional funding flexibility and aligning stakeholder incentives with long-term company performance.

Pivotal Metals Discloses Changes in Director Ivan Fairhall’s Shareholdings
Dec 22, 2025

Pivotal Metals Limited has disclosed a change in the interests of director Ivan Fairhall, detailing movements in his direct and indirect holdings of the company’s securities. Fairhall’s direct holding of 50,000 fully paid ordinary shares was disposed of, while his indirect interests, held through Salford Capital Pty Ltd as trustee of the RAVAN Family Trust, increased by a total of 3,413,636 fully paid ordinary shares acquired at $0.011 per share. The notice provides transparency around director dealings and aligns with ASX disclosure obligations, offering shareholders visibility into changes in the board member’s economic exposure to the company.

Pivotal Metals Issues 179 Million New Shares Under Regulatory Disclosure Exemption
Dec 22, 2025

Pivotal Metals Limited has issued 179,140,152 fully paid ordinary shares on 22 December 2025 without a prospectus, relying on provisions of the Corporations Act that allow such an issue to be made without formal disclosure. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and stated there is no excluded information relevant to the new share issue, signalling that the capital raising is being conducted within standard regulatory parameters and without additional undisclosed material information for shareholders.

Pivotal Metals Seeks ASX Quotation for 179 Million New Shares
Dec 22, 2025

Pivotal Metals Limited has lodged an application with the ASX for quotation of 179,140,152 new fully paid ordinary shares, to trade under its existing ticker PVT. The move significantly increases the company’s quoted share capital, reflecting previously announced transactions and potentially broadening its investor base and liquidity once the new securities commence trading.

Pivotal Metals Secures Shareholder Approval for Strategic Resolutions
Dec 17, 2025

Pivotal Metals Limited announced that all resolutions presented at their General Meeting of Shareholders were passed successfully. This outcome supports the company’s strategic initiatives, including share placements and director options, which are crucial for advancing their exploration and development projects, thereby strengthening their position in the critical minerals industry.

Pivotal Metals Issues 12 Million Unquoted Options
Dec 2, 2025

Pivotal Metals Limited has announced the issuance of 12,000,000 unquoted options, each exercisable at $0.011 and expiring two years from the issue date. This move is part of a previously announced transaction and is not intended to be quoted on the ASX, indicating a strategic financial maneuver to potentially strengthen the company’s capital structure.

Pivotal Metals Updates Director’s Interest Notice
Dec 2, 2025

Pivotal Metals Limited has announced a change in the director’s interest notice, specifically regarding Ivan Fairhall’s indirect interests. The change involves the acquisition of 6,000,000 unquoted performance rights with vesting conditions, expiring on December 2, 2030. This update reflects adjustments in the company’s internal management and could impact the company’s governance structure and stakeholder interests.

Pivotal Metals Limited Issues Unquoted Performance Rights
Dec 2, 2025

Pivotal Metals Limited has announced the issuance of 4,500,000 unquoted performance rights, which will expire five years from the grant date and are subject to vesting conditions. This move is part of an employee incentive scheme and is not intended for quotation on the ASX, potentially impacting the company’s operational strategy by aligning employee interests with long-term company performance.

Pivotal Metals Successfully Passes All AGM Resolutions
Nov 25, 2025

Pivotal Metals Limited announced that all resolutions presented at its Annual General Meeting were passed. This includes key decisions like the adoption of the remuneration report, re-election of directors, and approval of performance rights and placement capacity, which are crucial for the company’s strategic and operational flexibility.

Pivotal Metals Unveils New Copper-Gold Target at Belleterre
Nov 23, 2025

Pivotal Metals Limited has identified a new copper-gold exploration target at Kelly Lake East, part of their Belleterre project in Quebec. This discovery, characterized by widespread copper-gold anomalism and untested VTEM anomalies, highlights the significant potential for new discoveries in the underexplored Lorraine project area. The company plans to undertake extensive exploration activities, including drilling, to further evaluate and develop this promising target.

Pivotal Metals Limited Announces Proposed Securities Issue
Nov 17, 2025

Pivotal Metals Limited has announced a proposed issue of securities, specifically unquoted options, with a total of 12,000,000 securities to be issued. These options are exercisable at $0.025 and will expire three years from the grant date, with vesting conditions attached. The proposed issue date for these securities is January 7, 2026. This move is part of the company’s strategy to potentially enhance its financial position and market presence.

Pivotal Metals to Hold Virtual General Meeting in December
Nov 17, 2025

Pivotal Metals Limited has announced that its upcoming general meeting will be held virtually on December 17, 2025. The company is encouraging shareholders to participate by lodging proxy forms and submitting questions in advance, as well as registering for electronic communications to reduce environmental impact and costs.

Pivotal Metals Ltd Announces General Meeting to Approve Strategic Actions
Nov 17, 2025

Pivotal Metals Ltd has announced a general meeting scheduled for December 17, 2025, to address several key business actions. These include ratifying prior security issues, approving share placements to directors and investors, and issuing equity incentives to the board. The meeting will be held virtually, allowing shareholders to participate and vote on these significant matters, which are expected to impact the company’s operational and strategic direction.

Pivotal Metals Accelerates Exploration Activities with New Financing
Nov 6, 2025

Pivotal Metals Limited has announced the acceleration of its field activities following a successful $5.4 million financing. The company is mobilizing geophysical survey and field teams to refine high-grade gold and copper targets at its Belleterre projects in Québec. This initiative marks a significant step in Pivotal’s strategy to advance its portfolio of high-grade copper, PGE, and gold assets. The ramp-up in exploration activities is expected to enhance the company’s operational capabilities and potentially unlock new value for shareholders, positioning Pivotal as a key player in the mining industry.

Pivotal Metals Updates Share Issue Price in Canadian Dollars
Nov 5, 2025

Pivotal Metals Limited has updated its previous announcement regarding the issue price of 159,090,909 shares. The currency of the cash consideration is in Canadian Dollars (CAD), with an issue price per security of CAD 0.01644, equivalent to AUD 0.01815. This update may influence investor perceptions and market positioning as it reflects adjustments in the financial terms of the securities offering.

Pivotal Metals Enhances Financial Position with New Share Issuance
Nov 2, 2025

Pivotal Metals Limited announced the issuance of 65,465,558 fully paid ordinary shares without disclosure to investors, in compliance with relevant sections of the Corporations Act. This strategic move is part of the company’s efforts to enhance its financial position and further its exploration and development projects, potentially impacting its market standing and stakeholder interests.

Pivotal Metals Advances Quebec Projects with New Discoveries and Funding
Oct 31, 2025

Pivotal Metals Limited has reported significant progress in its Quebec-based copper, PGM, and gold projects for the quarter ending September 30, 2025. The company has identified multiple new undrilled conductors at its Belleterre project, indicating substantial exploration potential. With a recent $5.4 million funding boost, Pivotal is well-positioned to accelerate its drilling and exploration activities, enhancing its asset base and potentially increasing shareholder value. The backing from strategic and institutional investors underscores confidence in Pivotal’s projects and strategy.

Pivotal Metals Limited Launches Speculative Share Offer
Oct 29, 2025

Pivotal Metals Limited has announced a prospectus for an offer of 159,090,909 shares at a price of C$0.01644 per share, aiming to raise up to C$2,615,455. The offer is considered highly speculative and is available in electronic form to eligible investors in Australia and Canada. The prospectus emphasizes the speculative nature of the investment and advises potential investors to consult professional advisors to assess the suitability of the investment based on their financial situation and risk profile.

Pivotal Metals Limited Announces Proposed Securities Issue
Oct 24, 2025

Pivotal Metals Limited has announced a proposed issue of securities, including 40 million unquoted options and over 403 million fully paid ordinary shares. This move is part of a placement or other type of issue, with the proposed issue date set for November 3, 2025. The announcement indicates a strategic financial maneuver aimed at raising capital, potentially impacting the company’s market position and offering new opportunities for stakeholders.

Pivotal Metals Secures $5.4M for Quebec Exploration
Oct 24, 2025

Pivotal Metals Limited has successfully secured $5.4 million in funding to accelerate its exploration activities at the Belleterre Project in Quebec. This funding, supported by prominent investors including Matthew Latimore, will be used to advance drilling on exciting new targets such as the Alotta conductor, with drilling set to commence in December 2025. The investment underscores confidence in Pivotal’s Quebec projects and positions the company to unlock significant exploration opportunities.

Pivotal Metals Initiates Trading Halt Ahead of Capital Raise Announcement
Oct 22, 2025

Pivotal Metals Limited has announced a trading halt on its securities pending an important announcement related to a capital raise. This halt will remain in effect until the announcement is made or until the commencement of normal trading on October 24, 2025. The trading halt is a strategic move by Pivotal Metals to manage the dissemination of information regarding its capital raising efforts, which could have significant implications for its financial strategy and market positioning.

Pivotal Metals Unveils New Conductor at Alotta Deposit, Expanding Exploration Potential
Oct 20, 2025

Pivotal Metals Limited has announced the discovery of a substantial new electromagnetic (EM) conductor beneath the high-grade Alotta Cu-Ni-PGM-Au deposit, suggesting significant potential to extend the mineralization. This discovery, part of their Fixed-Loop Time Domain Electromagnetic (FLTEM) surveys, indicates a new drilling orientation is needed, potentially unlocking further high-grade mineral resources. The findings enhance the exploration potential of the Midrim Project and support the company’s strategic expansion in Quebec, with implications for increased resource development and stakeholder interest.

Pivotal Metals Limited Announces Proposed Issue of Securities
Oct 17, 2025

Pivotal Metals Limited has announced a proposed issue of 6,000,000 unquoted performance rights with vesting conditions, set to expire five years from the grant date. This issuance is part of a placement or other type of issue, with the proposed issue date being December 9, 2025. This move could potentially impact the company’s operations by incentivizing performance and aligning stakeholder interests, although specific implications for the company’s industry positioning or market focus were not detailed.

Pivotal Metals Announces In-Person Annual General Meeting for 2025
Oct 17, 2025

Pivotal Metals Limited has announced that its upcoming annual general meeting will be held in person on November 25, 2025, in Perth, Western Australia. This decision follows minimal shareholder attendance in previous years. Shareholders are encouraged to lodge proxy forms and submit questions in advance to facilitate meeting preparations. The company is also promoting electronic communication to reduce costs and environmental impact.

Pivotal Metals Ltd Announces Annual General Meeting Details
Oct 17, 2025

Pivotal Metals Ltd has announced its upcoming annual general meeting, which will take place on November 25, 2025, in Perth. The meeting will cover several key business items, including the consideration of the annual financial report, re-election of a director, approval of a new auditor, and various incentive plans. Shareholders can attend in person or observe via videoconference, although remote attendees will not be able to participate in voting.

Pivotal Metals Issues Unquoted Performance Rights
Oct 13, 2025

Pivotal Metals Limited announced the issuance of 2,250,000 unquoted performance rights set to expire on October 13, 2026. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, reflecting the company’s strategic financial maneuvers to enhance its operational capabilities and market positioning.

Pivotal Metals Limited Announces Proposed Securities Issue
Oct 10, 2025

Pivotal Metals Limited has announced a proposed issue of securities, including 2,250,000 unquoted performance rights expiring on October 13, 2026, and 12,000,000 unquoted options exercisable at $0.011 each, expiring two years from the issue date. This issuance is part of a placement or other type of issue, potentially impacting the company’s capital structure and market activities.

Pivotal Metals Schedules 2025 Annual General Meeting
Oct 7, 2025

Pivotal Metals Limited has announced that its 2025 Annual General Meeting will be held on November 25, 2025, with director nominations closing on October 14, 2025. This meeting will address the election of directors, and the company is preparing a notice of meeting for shareholders. The announcement reflects Pivotal’s ongoing governance processes and may impact its strategic direction and stakeholder engagement.

Pivotal Metals Announces Change in Director’s Interest
Oct 2, 2025

Pivotal Metals Limited has announced a change in the director’s interest, specifically involving Ivan Fairhall. The change pertains to the disposal of 1,300,000 unquoted performance rights with vesting conditions, expiring on 30 December 2025, held indirectly through Salford Capital Pty Ltd, where Fairhall is a director and beneficiary. This update reflects a shift in the director’s indirect interest in the company’s securities, which may impact the company’s governance and stakeholder interests.

Pivotal Metals Updates Director’s Interest Notice
Sep 30, 2025

Pivotal Metals Limited has announced a change in the interests of its director, Robert Wrixon. The change involves the expiration of 500,000 unquoted options exercisable at $0.05, which were set to expire on September 29, 2025. Following this change, Wrixon holds 17,686,544 fully paid ordinary shares and 2,500,000 unquoted options exercisable at $0.025 expiring on November 22, 2028. This adjustment in Wrixon’s holdings reflects a routine update in the director’s interest notice, with no immediate financial impact on the company’s operations or market positioning.

Pivotal Metals Limited Announces Cessation of Securities
Sep 30, 2025

Pivotal Metals Limited announced the cessation of 12,000,000 securities due to the expiry of options without exercise or conversion as of September 29, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.

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.Date of analysis: Dec 30, 2025