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Redcastle Resources Limited
(Sydney:RC1)
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Rating:41Neutral
Price Target:
AU$0.12
▲(32.22% Upside)
Action:Reiterated
Date:06/12/26
The score is weighed down primarily by very weak financial performance (no revenue, recurring losses, and significant cash burn) and bearish technicals (trading below key moving averages with negative MACD). Valuation provides limited support because the company is loss-making and no dividend yield is available.
Positive Factors
Net-cash-like balance sheet
Having a net-cash-like balance sheet with no debt materially lowers financial risk and preserves strategic optionality. Over a 2–6 month horizon this enables the company to fund exploration or seek JV partners without immediate refinancing pressure, improving resilience during cyclical commodity phases.
Negative Factors
Zero reported revenue
No revenue across reported periods means the business has no operating cash inflow and is unproven commercially. Over the medium term this forces reliance on capital markets, constrains ability to self-fund project advancement, and heightens dilution risk if funding is repeatedly required.
Read all positive and negative factors
Positive Factors
Negative Factors
Net-cash-like balance sheet
Having a net-cash-like balance sheet with no debt materially lowers financial risk and preserves strategic optionality. Over a 2–6 month horizon this enables the company to fund exploration or seek JV partners without immediate refinancing pressure, improving resilience during cyclical commodity phases.
Read all positive factors
Redcastle Resources Limited (RC1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.49M
Dividend YieldN/A
Average Volume (3M)2.48M
Price to Earnings (P/E)―
Beta (1Y)3.50
Revenue GrowthN/A
EPS Growth25.99%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.01
Shares Outstanding134,513,840
10 Day Avg. Volume2,008,571
30 Day Avg. Volume2,481,069
Financial Highlights & Ratios
PEG Ratio-7.56
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 is an Australian enterprise, engaged in the exploration of gold and other mineral resources, operating either directly or via its subsidiary. The company fully owns the Redcastle Gold Project, a venture spanning 1,088 h...
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 | -1.11M | -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 | -14.00 | -34.60% | ― | 14.64% | -8.70% | |
44 Neutral | AU$12.51M | -2.88 | 497.58% | ― | 39.36% | 5.75% | |
43 Neutral | AU$3.78M | -2.78 | -80.24% | ― | 15.23% | 26.09% | |
43 Neutral | AU$13.31M | -3.53 | 227.23% | ― | 4.08% | -6.25% | |
41 Neutral | AU$17.49M | -10.50 | -15.51% | ― | ― | 25.99% |
* Basic Materials Sector Average
AU:RC1
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Redcastle Resources Limited Corporate Events
Redcastle Resources Confirms Compliance on New Share Issue
May 28, 2026
Redcastle Resources has notified investors that it recently issued new shares, relying on a disclosure exemption under Section 708A(5) of the Corporations Act. The company submitted the relevant filing to the ASX on 28 May 2026 and confirmed the i...
Redcastle Resources Seeks ASX Quotation for Nearly 14 Million New Shares
May 28, 2026
Redcastle Resources Limited has lodged an application with the ASX for the quotation of 13,964,285 new fully paid ordinary shares under its RC1 ticker. The shares, issued on May 28, 2026, expand the company’s quoted capital base and may prov...
Redcastle Resources Begins Capital-Light Mining at Redcastle Reef
May 26, 2026
Redcastle Resources has commenced continuous open-pit mining at the Redcastle Reef gold deposit in Western Australia, marking its transition from a pure explorer to a dual-track mining and exploration company. Ore is being mined and stockpiled on ...
Redcastle completes key Queen Alexandra grade-control drilling at Redcastle Gold Project
May 24, 2026
Redcastle Resources has completed the Queen Alexandra grade-control reverse circulation drilling program at its Redcastle Gold Project, drilling 8,810 metres to deliver closer-spaced data for ore-waste delineation and near-term mine planning. Comb...
Redcastle Touts Shift to Gold Producer and District-Scale Exploration Push
May 13, 2026
Redcastle Resources has outlined its successful transition to a gold producer while pursuing significant district-scale exploration opportunities in the Golden Circle area of Western Australia’s Eastern Goldfields. The company’s latest...
Redcastle Resources Plans Modest Share Placement to Raise New Equity
May 6, 2026
Redcastle Resources Limited has notified the ASX of a proposed placement of up to 500,000 ordinary fully paid shares, with an intended issue date of 15 May 2026. The move signals the company’s plan to raise additional equity capital, which m...
Redcastle Fast-Tracks Capital-Light Transition to Gold Production
May 5, 2026
Redcastle Resources has begun fast-tracking mobilisation for initial mining at its Queen Alexandra and Redcastle Reef deposits, marking a shift from explorer to gold producer. Heavy mining equipment is arriving at the M39/318 mining lease and blas...
Redcastle secures key approvals to launch gold mining at QA-RR in 2026
Apr 30, 2026
Redcastle Resources has secured Mining Development approval for its Queen Alexandra and Redcastle Reef deposits and a key haulage licence, positioning its joint venture with BML Ventures to commence initial mining within weeks. The regulatory mile...
Redcastle advances high-grade Redcastle Reef as TBone exploration builds growth pipeline
Apr 28, 2026
Redcastle Resources reported strong progress in the March 2026 quarter as it advances the QA and Redcastle Reef deposits toward near-term gold production within its Eastern Goldfields portfolio. The company’s assets lie in the highly prospec...
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.