tiprankstipranks
Trending News
More News >
Ragusa Minerals Ltd (AU:RAS)
ASX:RAS
Australian Market

Ragusa Minerals Ltd (RAS) AI Stock Analysis

Compare
1 Followers

Top Page

AU:RAS

Ragusa Minerals Ltd

(Sydney:RAS)

Select Model
Select Model
Select Model
Neutral 51 (OpenAI - 5.2)
Rating:51Neutral
Price Target:
AU$0.04
▼(-5.00% Downside)
The score is held back primarily by weak financial performance (sharp revenue decline, ongoing losses, and negative free cash flow alongside declining equity). This is partly offset by constructive technical signals (price above major moving averages, positive MACD, RSI near 58). Valuation provides limited support given the negative P/E and no dividend yield data.
Positive Factors
Debt-free balance sheet
A zero-debt capital structure materially reduces refinancing and interest burden risk for an exploration company. This durable strength preserves optionality to fund programs via equity or partnerships rather than servicing debt, lowering insolvency risk across commodity cycles.
Improving cash burn trend
Year-over-year narrowing of operating and free cash outflows shows management has materially reduced cash consumption. If sustained, this improves runway and reduces frequency/size of future capital raises, increasing the chance of executing exploration plans without immediate dilution.
Early-stage exploration optionality
A business model centered on early-stage mineral exploration provides asymmetric upside: successful discoveries can transform fundamentals with limited fixed-cost overhead. Over the medium term, positive drilling or resource definition can create significant value for shareholders.
Negative Factors
Sharp revenue decline
A near-total drop in revenue signals an inability to monetize activities or a step-down in commercial receipts. Persistently collapsing top-line revenue undermines capacity to cover costs, weakens negotiating leverage with partners, and heightens reliance on external funding to continue operations.
Persistent negative cash flow
Consistent negative operating and free cash flow indicates the business is structurally cash-consuming and not self-funding. Over months to years this compels recurring capital raises, creates dilution risk, and constrains the company’s ability to sustain or scale exploration programs without external financing.
Eroding equity / dilution risk
Material decline in shareholders' equity reflects accumulated losses and reduces the firm’s capital buffer. Lower equity raises going-concern sensitivity and makes future fundraising likelier and potentially more dilutive, impairing long-term shareholder value retention if losses persist.

Ragusa Minerals Ltd (RAS) vs. iShares MSCI Australia ETF (EWA)

Ragusa Minerals Ltd Business Overview & Revenue Model

Company DescriptionRagusa Minerals Ltd (RAS) is a mining and exploration company based in Australia. The company is primarily engaged in the exploration and development of mineral resources, focusing on lithium, gold, and other base metals. Ragusa Minerals aims to identify and develop high-potential mineral projects that can deliver significant value to shareholders. With operations concentrated in regions known for rich mineral deposits, the company leverages its technical expertise and strategic partnerships to advance its exploration activities.
How the Company Makes MoneyRagusa Minerals Ltd generates revenue through the exploration and eventual extraction of mineral resources. The company identifies promising mineral deposits and invests in exploration to assess the viability of mining operations. Once a project is deemed economically feasible, Ragusa Minerals may either develop the mine itself or partner with other mining companies to extract and sell the minerals. Revenue is primarily derived from the sale of extracted minerals such as lithium and gold. In addition, strategic partnerships and joint ventures with other mining entities can provide additional financial support and revenue-sharing opportunities, enhancing the company's ability to fund exploration and development activities.

Ragusa Minerals Ltd Financial Statement Overview

Summary
Overall financials reflect an early-stage, cash-consuming profile: revenue is small and fell sharply in 2025 (~97% YoY), profitability is persistently and deeply negative, and operating/free cash flow are negative across all years. The main offset is a debt-free balance sheet (lower leverage risk), but equity has fallen materially (to ~0.5m in 2025), implying ongoing funding/dilution risk.
Income Statement
12
Very Negative
The income statement shows a persistently loss-making profile with extremely weak profitability. Revenue is small and volatile and declined sharply in 2025 (annual revenue down ~97% versus 2024), while gross profit, EBIT, and net income remain deeply negative. Margins are consistently negative across the period, indicating the business has not yet reached a scale where costs are covered; 2025 profitability also deteriorated versus prior years.
Balance Sheet
58
Neutral
The balance sheet is supported by a debt-free capital structure in recent years (zero total debt and 0.0 debt-to-equity from 2021–2025), which reduces financial risk and refinancing pressure. However, equity has fallen materially (from ~4.9m in 2022 to ~0.5m in 2025), reflecting ongoing losses and raising dilution/going-concern sensitivity. Returns on equity are negative in the most recent years, consistent with continued value erosion despite low leverage.
Cash Flow
20
Very Negative
Cash flow remains a key weakness: operating cash flow and free cash flow are negative every year shown, indicating the business is consuming cash to operate and invest. 2025 cash burn improved versus 2024 (operating cash outflow narrowed from about -740k to about -271k; free cash outflow narrowed from about -1.45m to about -338k), but free cash flow growth is still negative in 2025 and the company has not demonstrated self-funding operations.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.10K2.10K12.68K44.95K3.20K6.72K
Gross Profit-257.60K-257.60K-264.18K-43.68K-123.25K-54.09K
EBITDA-434.86K-379.39K-710.13K-934.20K-1.50M-548.72K
Net Income-1.83M-1.83M-2.12M-2.19M-1.50M-548.72K
Balance Sheet
Total Assets745.54K745.54K2.45M4.76M5.00M4.86M
Cash, Cash Equivalents and Short-Term Investments162.23K162.23K440.02K1.89M2.52M4.20M
Total Debt0.000.000.000.000.000.00
Total Liabilities245.10K245.10K80.58K368.19K87.67K69.99K
Stockholders Equity500.44K500.44K2.37M4.39M4.91M4.79M
Cash Flow
Free Cash Flow-337.76K-337.76K-1.45M-2.17M-1.90M-661.50K
Operating Cash Flow-270.80K-270.80K-740.05K-766.49K-894.67K-569.50K
Investing Cash Flow-66.97K-66.97K-710.28K-1.41M-1.23M-92.00K
Financing Cash Flow60.00K60.00K0.001.54M431.47K4.85M

Ragusa Minerals Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.04
Price Trends
50DMA
0.03
Positive
100DMA
0.03
Positive
200DMA
0.03
Positive
Market Momentum
MACD
<0.01
Negative
RSI
58.10
Neutral
STOCH
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RAS, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.10 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:RAS.

Ragusa Minerals 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%
51
Neutral
AU$7.53M-2.97-127.51%168.85%13.51%
49
Neutral
AU$44.99M-28.38-51.49%5.93%
48
Neutral
AU$4.22M-13.85-66.08%80.88%
45
Neutral
AU$9.90M-4.88-131.62%65.32%
43
Neutral
AU$3.97M-1.18-37.62%76.76%
41
Neutral
AU$20.85M-10.75-32.31%69.23%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:RAS
Ragusa Minerals Ltd
0.04
0.03
192.31%
AU:DAF
Discovery Alaska Limited
0.02
<0.01
20.00%
AU:GNM
Great Northern Minerals Limited
0.04
0.03
186.67%
AU:GSM
Golden State Mining Ltd.
0.02
0.01
110.00%
AU:SFM
Santa Fe Minerals Ltd.
0.32
0.28
687.50%
AU:WSR
Westar Resources Ltd.
0.01
0.00
0.00%

Ragusa Minerals Ltd Corporate Events

Ragusa Minerals Issues 20 Million New Shares Under Disclosure Exemption
Jan 29, 2026

Ragusa Minerals Ltd has issued 20 million new fully paid ordinary shares without a prospectus, relying on provisions of the Australian Corporations Act that allow such placements to be made to investors without full disclosure. The company confirmed it is up to date with its financial reporting and continuous disclosure obligations and stated it is not holding any undisclosed price-sensitive information, signalling to the market that the capital raising has been conducted within regulatory requirements and without hidden risks for existing shareholders.

The most recent analyst rating on (AU:RAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragusa Minerals Ltd stock, see the AU:RAS Stock Forecast page.

Ragusa Minerals Seeks ASX Quotation for 20 Million New Shares
Jan 29, 2026

Ragusa Minerals Ltd has applied to the ASX for quotation of 20 million new fully paid ordinary shares under the code RAS, effective 29 January 2026. The additional securities, issued pursuant to a previously announced transaction, will expand the company’s quoted share base and may affect capital structure and liquidity for existing and new investors once trading commences.

The most recent analyst rating on (AU:RAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragusa Minerals Ltd stock, see the AU:RAS Stock Forecast page.

Ragusa Minerals Expands U.S. Manganese-Gold Footprint with Arizona Acquisition and Land Grab
Jan 28, 2026

Ragusa Minerals has executed a binding agreement to acquire approximately 60% of Pegasus Tel Inc. and the Purple Pansy Manganese-Gold Project in Arizona, while expanding the project’s landholding by staking an additional 201 claims to a total of about 4,142 acres that capture key historic manganese and gold workings across a 9km trend. Backed by a $600,000 private placement, the company is preparing an extensive work program including data review, drilling, metallurgical testing, environmental baseline studies and strategic engagement with U.S. government and industry stakeholders, aiming to position Purple Pansy as a cornerstone U.S. manganese and gold asset at a time when the United States is fully import-reliant on manganese and actively supporting domestic critical minerals development.

The most recent analyst rating on (AU:RAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragusa Minerals Ltd stock, see the AU:RAS Stock Forecast page.

Ragusa Minerals Plans Issue of 20 Million New Shares in ASX Placement
Jan 27, 2026

Ragusa Minerals Ltd has lodged an Appendix 3B notice with the ASX outlining its intention to undertake a new placement or similar type of capital raising. The company plans to issue up to 20 million new fully paid ordinary shares, with the proposed issue date set for 29 January 2026, subject to ASX processes. This equity issuance will expand Ragusa’s share base and is expected to provide additional funding capacity for its mineral exploration and related corporate activities, with implications for dilution among existing shareholders and the company’s near-term capital structure.

The most recent analyst rating on (AU:RAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragusa Minerals Ltd stock, see the AU:RAS Stock Forecast page.

Ragusa Minerals Raises $600,000 to Advance US Manganese-Gold Exploration
Jan 27, 2026

Ragusa Minerals has secured firm commitments from sophisticated investors and key existing shareholders for a $600,000 private placement at $0.03 per share, a discount to its recent volume-weighted average prices, issuing up to 20 million new shares under existing placement capacities. The funds will be used to advance priority exploration work at the company’s Purple Pansy manganese-gold project in Arizona, evaluate potential new project acquisitions, and provide general working capital, signalling continued shareholder support and reinforcing Ragusa’s focus on building long-term value through its US exploration portfolio.

The most recent analyst rating on (AU:RAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragusa Minerals Ltd stock, see the AU:RAS Stock Forecast page.

Ragusa Minerals Expands Arizona Manganese-Gold Footprint with 201 New Claims
Jan 26, 2026

Ragusa Minerals has significantly expanded its Purple Pansy Manganese-Gold Project in Arizona by staking an additional 201 claims, increasing the total project area to about 4,142 acres and consolidating control over the most prospective parts of a district-scale manganese-gold system. The enlarged landholding covers key historical mining sites over a 9km zone, enhancing the potential for new discoveries, securing ground for future development infrastructure, and positioning the project as a strategic contributor to the United States’ critical minerals and energy supply chain. Ragusa plans a comprehensive work program including historical data evaluation, drilling, metallurgical testing, baseline environmental studies and engagement with potential government and industry partners, while also progressing a transaction to acquire a controlling interest in Pegasus Tel, Inc., which will hold 100% of the Purple Pansy Project.

The most recent analyst rating on (AU:RAS) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Ragusa Minerals Ltd stock, see the AU:RAS Stock Forecast page.

Ragusa Denies Undisclosed News Behind Share Move as It Advances US Minerals Deal
Jan 11, 2026

Ragusa Minerals has told the ASX it is not aware of any undisclosed information that would explain recent trading activity in its shares, reaffirming its compliance with continuous disclosure obligations. The company confirmed it is progressing corporate steps to complete the acquisition of an approximately 60% controlling interest in Pegasus Tel Inc. and the Purple Pansy Manganese-Gold Project in Arizona over the coming weeks, while continuing to review additional strategic mineral project opportunities around Purple Pansy in a district with historical gold and manganese operations, against a backdrop of improving market sentiment toward US-based precious and strategic mineral projects.

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

Ragusa Minerals Announces Director’s Interest Change
Nov 25, 2025

Ragusa Minerals Ltd announced a change in the director’s interest, specifically involving Jerko Peter Zuvela. The change pertains to the cancellation of 900,000 unlisted options that were not exercised and have now expired. This adjustment does not affect the number of ordinary shares held by the director, which remains at 2,083,332. The announcement reflects routine adjustments in director holdings and is unlikely to have significant implications for the company’s operations or market positioning.

Ragusa Minerals Shifts Focus to Strategic U.S. Manganese-Gold Project
Nov 21, 2025

Ragusa Minerals Limited is advancing its acquisition of a controlling interest in Pegasus Tel Inc. and the Purple Pansy Manganese-Gold Project in Arizona, USA, a region with historical mining significance. The project is strategically important due to manganese’s critical status in the U.S., aligning with government initiatives for domestic mineral development. Concurrently, Ragusa has relinquished its Burracoppin Project in Western Australia to concentrate on the Arizona project and explore new opportunities, reflecting a strategic shift in focus.

Ragusa Minerals Issues Unquoted Equity Securities
Oct 31, 2025

Ragusa Minerals Ltd has announced the issuance of 11,866,671 unquoted equity securities in the form of options expiring on October 31, 2028, with an exercise price of $0.03. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and investor relations.

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: Jan 31, 2026