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Resource Base Limited
(Sydney:RBX)
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Rating:43Neutral
Price Target:
AU$0.03
▼(-16.67% Downside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by weak financial performance (persistent losses, minimal/irregular revenue, and negative operating/free cash flow), which signals continued funding needs and dilution risk despite being debt-free. Technicals are also weak with the price below major moving averages. Valuation is constrained by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Debt-free balance sheet
A zero debt position across 2023–2025 materially reduces fixed financing obligations and bankruptcy risk, preserving strategic optionality. For an exploration company this durable low-leverage profile lengthens runway for project evaluation and farm-outs before costly interest-bearing funding is required.
Negative Factors
Persistent net losses
Consistent losses across six years indicate the business has not yet established operating leverage or sustainable revenue. Over the medium term this weakens capital resilience, erodes investor confidence, and makes the company dependent on external financing cycles to continue exploration and project development.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero debt position across 2023–2025 materially reduces fixed financing obligations and bankruptcy risk, preserving strategic optionality. For an exploration company this durable low-leverage profile lengthens runway for project evaluation and farm-outs before costly interest-bearing funding is required.
Read all positive factors
Resource Base Limited (RBX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.99M
Dividend YieldN/A
Average Volume (3M)32.08K
Price to Earnings (P/E)―
Beta (1Y)1.04
Revenue GrowthN/A
EPS Growth39.82%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding115,184,490
10 Day Avg. Volume49,225
30 Day Avg. Volume32,076
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)1.67
Price to Sales (P/S)296.56
P/FCF Ratio-3.87
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
Resource Base Limited Business Overview & Revenue Model
Company Description
Resource Base Limited engages in the acquisition, development, and exploration of mineral properties in Australia and Canada. The company primarily explores for gold and rare earth deposits. The company is organized into one operating segment, bei...
How the Company Makes Money
RBX’s revenue model is generally tied to the life cycle of mineral exploration and development, but company-specific revenue details are null. In practice for an exploration-stage resources company, potential money sources can include (i) proceeds...
Resource Base Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
42
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 9.42K | 0.00 | 10.00K | 0.00 | 2.47K |
| Gross Profit | -870.00 | 9.42K | -26.64K | -46.53K | -6.72K | 2.26K |
| EBITDA | -2.32M | -2.28M | -2.78M | -3.96M | -2.17M | -1.17M |
| Net Income | -2.32M | -2.36M | -2.81M | -4.04M | -2.19M | -1.49M |
Balance Sheet | ||||||
| Total Assets | 1.46M | 1.81M | 3.18M | 5.93M | 7.37M | 119.66K |
| Cash, Cash Equivalents and Short-Term Investments | 554.53K | 796.90K | 585.11K | 1.59M | 2.14M | 97.94K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 56.87K | 3.43M |
| Total Liabilities | 107.42K | 136.94K | 89.10K | 64.86K | 324.82K | 4.34M |
| Stockholders Equity | 1.35M | 1.67M | 3.09M | 5.87M | 7.05M | -4.22M |
Cash Flow | ||||||
| Free Cash Flow | -519.27K | -721.45K | -1.13M | -2.51M | -4.12M | -1.13M |
| Operating Cash Flow | -519.28K | -659.20K | -544.83K | -1.17M | -1.88M | -677.87K |
| Investing Cash Flow | -6.60K | -62.25K | -492.95K | -1.27M | -2.24M | -450.25K |
| Financing Cash Flow | 19.79K | 933.03K | 0.00 | 1.84M | 6.17M | 1.20M |
Resource Base Limited Technical Analysis
Neutral
0.03
Price Trends
0.03
Negative
0.04
Negative
0.04
Negative
Market Momentum
>-0.01
Negative
54.57
Neutral
49.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RBX, the sentiment is Neutral. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.57 is Neutral, neither overbought nor oversold. The STOCH value of 49.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:RBX.
Resource Base 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% | |
45 Neutral | AU$5.38M | -2.50 | -221.31% | ― | ― | 36.99% | |
44 Neutral | AU$3.76M | -2.04 | 114.73% | ― | ― | -237.50% | |
43 Neutral | AU$2.99M | -1.29 | -153.71% | ― | ― | 39.82% | |
42 Neutral | AU$7.07M | -15.56 | -95.14% | ― | ― | 94.20% | |
39 Underperform | AU$2.58M | -100.00 | -127.91% | ― | ― | -27.27% |
* Basic Materials Sector Average
AU:RBX
Resource Base Limited
0.03
>-0.01
-17.65%
AU:DAF
Discovery Alaska Limited
0.01
>-0.01
-23.08%
AU:NME
Nex Metals Explorations Ltd
0.01
-0.01
-52.17%
AU:CDR
Codrus Minerals Ltd
0.04
0.01
46.15%
AU:DBO
Diablo Resources Limited
0.02
>-0.01
-5.88%
Resource Base Limited Corporate Events
Resource Base focuses on data review and critical minerals strategy in June quarter
Jul 31, 2026
Resource Base Limited reported that during the June 2026 quarter it continued desktop evaluations of its two Gawler Craton exploration licences in South Australia, focusing on historic drilling, geophysical data and satellite imagery. The company ...
Resource Base Expands Planned ASX Placement to Boost Capital Raising
Jul 31, 2026
Resource Base Limited, an ASX-listed resources company trading under the code RBX, continues to leverage equity capital markets to fund its project pipeline and operational needs.The company has updated its proposed securities issue, announcing an...
Resource Base Secures $650,000 Placement to Fund Project Growth
Jul 31, 2026
Resource Base Limited has secured firm commitments for a two-tranche share placement to raise $650,000 before costs, targeting new and existing sophisticated and professional investors. The placement will comprise 26,000,000 shares at $0.025 each,...
Resource Base Limited Updates Market on Expiry of 2 Million Options
Jul 6, 2026
Resource Base Limited has notified the market of a change in its capital structure following the expiry of 2,000,000 listed options (RBXAM) on 1 May 2026, which carried an exercise price of $0.20 and were not exercised before their expiry date. Th...
Resource Base Options Lapse, Trimming Prospective Share Dilution
Jul 6, 2026
Resource Base Limited, traded on the ASX under ticker RBX, has issued a regulatory update focused on the composition of its capital structure and the status of equity-linked instruments. The company’s latest disclosure centers on the expiry ...
Resource Base shifts registered office to new Perth address
May 31, 2026
Resource Base Limited has relocated its registered office and principal place of business to a new address at Ground Floor, 8 St Georges Terrace in Perth, with Minerva Corporate Pty Ltd now noted as the care-of entity. The move consolidates the co...
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.