Redcastle Resources Limited (AU:RC1)
ASX:RC1
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Redcastle Resources Limited
(Sydney:RC1)
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Rating:42Neutral
Price Target:
AU$0.13
▲(38.89% Upside)
Action:ReiteratedDate:03/18/26
The score is driven primarily by weak financial performance (no revenue, recurring losses, and deteriorating free cash flow), partially offset by a debt-free balance sheet. Technicals add modest support from oversold readings, but trend and momentum indicators remain negative, and valuation offers limited support given negative earnings and no dividend.
Positive Factors
Debt-free balance sheet
A net-cash-like, debt-free balance sheet meaningfully reduces refinancing and solvency risk over the medium term. This structural strength gives management flexibility to fund operations, pursue strategic options, or withstand cyclical shocks without immediate reliance on debt markets.
Negative Factors
Zero reported revenue
Reporting zero revenue across annual periods signals the business has not yet established a commercial revenue stream or achieved product-market fit. Over months this leaves strategy unproven, prevents margin development, and makes future profitability contingent on successful monetization.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A net-cash-like, debt-free balance sheet meaningfully reduces refinancing and solvency risk over the medium term. This structural strength gives management flexibility to fund operations, pursue strategic options, or withstand cyclical shocks without immediate reliance on debt markets.
Read all positive factors
Redcastle Resources Limited (RC1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$16.81M
Dividend YieldN/A
Average Volume (3M)2.48M
Price to Earnings (P/E)―
Beta (1Y)3.80
Revenue GrowthN/A
EPS Growth-17.92%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.01
Shares Outstanding120,049,560
10 Day Avg. Volume2,008,571
30 Day Avg. Volume2,481,069
Financial Highlights & Ratios
PEG Ratio-7.64
Price to Book (P/B)8.18
Price to Sales (P/S)0.00
P/FCF Ratio-13.99
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
Redcastle Resources Limited Business Overview & Revenue Model
Company Description
Redcastle Resources Limited, through its subsidiary, a gold and mineral resources exploration company in Australia. It holds a 100% interest in the Redcastle Gold Project that covers an area of 1,088 hectares located in the Mt Margaret Mineral Fie...
How the Company Makes Money
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Redcastle Resources Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.14M | 0.00 | -43.91K | -618.05K | -1.18M | -333.12K |
| Net Income | -1.14M | -1.07M | -570.00K | -618.00K | -1.17M | -332.58K |
Balance Sheet | ||||||
| Total Assets | 8.96M | 6.04M | 3.98M | 4.10M | 4.73M | 506.78K |
| Cash, Cash Equivalents and Short-Term Investments | 1.12M | 750.50K | 910.48K | 2.04M | 3.22M | 492.49K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 195.60K | 142.76K | 492.43K | 49.44K | 60.01K | 97.61K |
| Stockholders Equity | 8.76M | 5.89M | 3.49M | 4.06M | 4.67M | 409.17K |
Cash Flow | ||||||
| Free Cash Flow | -905.33K | -3.45M | -1.13M | -601.35K | -580.60K | -254.00 |
| Operating Cash Flow | -903.87K | -1.32M | -151.35K | -583.00 | -1.00K | -254.48K |
| Investing Cash Flow | -3.90M | -2.13M | -977.88K | -600.76K | -579.60K | 0.00 |
| Financing Cash Flow | 3.80M | 3.29M | 0.00 | 0.00 | 4.31M | 0.00 |
Redcastle Resources 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% | |
48 Neutral | AU$5.86M | 56.21 | -34.60% | ― | 29.51% | -3.61% | |
43 Neutral | AU$6.61M | -2.44 | -80.24% | ― | -51.28% | 8.00% | |
43 Neutral | AU$6.34M | -4.57 | 227.23% | ― | -26.58% | ― | |
42 Neutral | AU$16.81M | -2.11 | -15.51% | ― | ― | -17.92% | |
41 Neutral | AU$20.33M | -7.44 | 497.58% | ― | 12.77% | 53.47% |
* Basic Materials Sector Average
AU:RC1
Redcastle Resources Limited
0.14
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41.41%
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Redcastle Resources Limited Corporate Events
Redcastle advances Redcastle Reef drilling, resource work and mine-readiness in WA goldfields
Mar 22, 2026
Redcastle Resources has completed a detailed reverse circulation grade control drilling program at its Redcastle Reef deposit, compiling 327 holes for 13,539 metres and returning multiple thick, high-grade intercepts at mining scale. The expanded ...
Redcastle Drilling Extends Redcastle Reef Gold Target Westward
Mar 17, 2026
Redcastle Resources has reported encouraging results from a 36-hole, 1,977-metre broad-spaced drilling programme between its Redcastle Reef and Queen Alexandra prospects, with a standout intercept of 1 metre at 11.9 grams per tonne of gold from 20...
Redcastle Releases Half-Year Financial Report for December 2025
Mar 16, 2026
Redcastle Resources Limited has released its financial report for the half-year ended 31 December 2025, providing statutory accounts including profit or loss, financial position, cash flows, and changes in equity. The document includes directors&#...
Redcastle Resources Confirms Compliance for New Share Issue Under Corporations Act Exemption
Mar 9, 2026
Redcastle Resources has notified investors that it recently issued new shares without a prospectus under an exemption in the Corporations Act, following the Appendix 2A lodged with the ASX on 9 March 2026. The company confirms it is up to date wit...
Redcastle Resources Seeks ASX Quotation for 195,000 New Shares
Mar 9, 2026
Redcastle Resources Limited has applied for the quotation of 195,000 new ordinary fully paid shares on the ASX, with an issue date of 9 March 2026. The additional securities arise from the exercise of options or conversion of other convertible ins...
Redcastle Wraps Redcastle Reef Grade Control with Strong High-Grade Gold Hits
Mar 8, 2026
Redcastle Resources has received the final batch of grade control assay results from 169 reverse circulation drillholes at its Redcastle Reef deposit, completing a 327-hole program. The data confirm multiple thick, high-grade gold intercepts at mi...
Redcastle Resources Confirms Compliance on New Share Issue Under Disclosure Exemption
Feb 6, 2026
Redcastle Resources Limited has notified the market that it has issued new shares without a prospectus under the Corporations Act, relying on an exemption that allows such placements when disclosure obligations have been consistently met. The comp...
Redcastle Resources Seeks ASX Quotation for 330,000 New Shares
Feb 6, 2026
Redcastle Resources Limited has applied to the ASX for quotation of 330,000 new ordinary fully paid shares, to be traded under its existing ticker RC1. The securities, issued on 6 February 2026 following the exercise or conversion of existing opti...
Redcastle Outlines Emerging Gold System at Morgan’s Castle East, Assays Fall Short at Sligo
Feb 2, 2026
Redcastle Resources has reported assay results from a 23-hole reverse circulation drilling campaign at its Morgan’s Castle East (MCE) and Sligo prospects, completing about 85% of the planned 2,700 metres due to difficult ground conditions an...
Redcastle Resources Completes Grade Control Drilling at Redcastle Reef, Moves Into Mine-Readiness Phase
Feb 1, 2026
Redcastle Resources has completed a 313‑hole reverse circulation grade control drilling program totalling about 12,870 metres at its Redcastle Reef deposit under the RB Joint Venture with BML Ventures, confirming extensive gold mineralisatio...
Redcastle Resources Hits Exceptional Grades as It Fast-Tracks Early Gold Production in WA
Jan 30, 2026
Redcastle Resources has advanced its strategy for early gold production at the Queen Alexandra and Redcastle Reef deposits, commencing a 12,800m grade control drilling program at Redcastle Reef that has returned exceptionally high-grade assays and...
Redcastle Resources Confirms Multiple Shallow High-Grade Gold Shoots at Redcastle Reef
Jan 27, 2026
Redcastle Resources has reported a new set of assay results from its ongoing reverse circulation grade control drilling campaign at the Redcastle Reef deposit, with more than 6,500 assays from 134 new holes confirming multiple shallow, high-grade ...
Redcastle Sharpens TBone Belt Gold Narrative With Expanded Data and 16 Targets
Jan 14, 2026
Redcastle Resources has amended a recent ASX announcement on its TBone Belt exploration campaign to incorporate additional cross-sectional figures and historical drilling location data, as well as updated JORC table disclosures and a clarified Com...
Redcastle Resources Seeks ASX Quotation for 1 Million New Options
Jan 14, 2026
Redcastle Resources Limited has applied to the ASX for quotation of 1,000,000 new options (ASX code RC1OA), each expiring on 7 October 2028, with an issue date of 14 January 2026. The option quotation follows a period in which the company has been...
Redcastle Director Increases Stake via Loyalty Option Entitlement
Jan 12, 2026
Redcastle Resources Limited has disclosed a change in the holdings of director Xusheng (Sean) Ke, who increased his interest in the company through the acquisition of 13,889 listed options. The options, exercisable at $0.15 and expiring on 7 Octob...
Redcastle Resources Seeks ASX Quotation for 33.3 Million New Options
Jan 12, 2026
Redcastle Resources Limited, listed on the ASX under code RC1, has applied for quotation of a new class of options, expanding its listed securities on the Australian market. The company has lodged an application with the ASX to quote 33,255,579 ne...
Redcastle Resources Reveals Concentrated Ownership in $0.15 Options Series
Jan 12, 2026
Redcastle Resources Limited has disclosed the top 20 holders of its RC1OA options, exercisable at $0.15 and expiring on 7 October 2028, representing a significant portion of its options capital structure. The report shows that the top 20 option ho...
Redcastle Flags 16 New Gold Targets Across Underexplored TBone Belt
Jan 11, 2026
Redcastle Resources has identified 16 potential “walk-up” gold targets across the TBone Belt, based on a comprehensive compilation and review of historical surface geochemistry from open-file WAMEX reports combined with its own fieldwo...
Redcastle Resources Issues 14.9 Million Unquoted Options
Jan 8, 2026
Redcastle Resources Limited has notified the market of the issue of 14,940,749 unquoted options, each exercisable at $0.15 and expiring on 7 October 2028. The new options, issued on 9 January 2026, expand the company’s unquoted equity base a...
Redcastle Resources Raises $149,406 Through Loyalty Option Offer
Jan 8, 2026
Redcastle Resources has completed its pro-rata non-renounceable loyalty option offer, issuing one option for every eight shares at $0.01 per option, together with a shortfall offer, resulting in the issue of 14,940,749 new options and raising a to...
Redcastle Resources Corrects Option Numbers in Pro Rata Issue Update
Jan 7, 2026
Redcastle Resources Limited has updated its previously announced non-renounceable pro rata securities issue on the ASX, correcting the number of options to be issued due to a rounding discrepancy. The adjustment, formalised in a new Appendix 3B fi...
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.