Rincon Resources Ltd. (RCR) AI Stock Analysis

• Market Cap: AU$5.36M
• Dividend Yield: N/A
• Average Volume (3M): 1.45M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.71
• Revenue Growth: N/A
• EPS Growth: 54.74%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 315,562,440
• 10 Day Avg. Volume: 1,998,232
• 30 Day Avg. Volume: 1,447,889
• PEG Ratio: 0.05
• Price to Book (P/B): 0.24
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.35
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: AU$0.02 ▼(-20.00% Downside)

The score is primarily held down by weak financial performance—minimal/zero revenue, recurring losses, and persistent cash burn—despite low balance-sheet leverage. Technical indicators provide some support with moderately positive momentum, while valuation remains constrained by negative earnings and no dividend yield.

Positive Factors

Low Leverage

A low-leverage balance sheet reduces financial risk and interest burden, providing Rincon with greater flexibility to invest in growth opportunities without the pressure of high debt repayments.

Strategic Partnership

The joint venture with Greatland Resources allows Rincon to leverage Greatland's expertise and infrastructure, potentially accelerating exploration and enhancing resource development at Telfer South, which could lead to long-term growth.

Director Share Purchase

The director's increased shareholding aligns management's interests with shareholders, indicating confidence in the company's future prospects and potentially improving governance and strategic decision-making.

Negative Factors

Cash Flow Challenges

Persistent negative cash flow indicates ongoing reliance on external funding, which could limit Rincon's ability to self-finance projects and may lead to dilution if equity funding is pursued.

Minimal Revenue

Lack of revenue generation suggests Rincon is still in a pre-revenue stage, posing a risk to sustainability and profitability unless significant progress in project development or new revenue streams are realized.

Ongoing Losses

Consistent operating losses highlight challenges in achieving profitability, which may hinder Rincon's ability to invest in growth and necessitate ongoing external funding to maintain operations.

Rincon Resources Ltd. Business Overview & Revenue Model

Company Description

Rincon Resources Limited operates as a gold and base metals exploration company. It has interests in copper and gold projects in Western Australia. The company holds 100% interests in the South Telfer project that consists of six exploration licenses and two prospecting licenses covering approximately 540 square kilometers; and the Kiwirrkurra project, which includes 4 granted exploration licenses covering approximately 200 square kilometers located in West Arunta Region of Western Australia. It also holds interest in the Laverton project that consists of two exploration licenses covering approximately 41 square kilometers located to the west of the Laverton township. The company was incorporated in 2018 and is based in Subiaco, Australia.

How the Company Makes Money

Rincon Resources Ltd. generates revenue by advancing its mineral exploration projects to the point where they become attractive for joint ventures, sales, or development. The company's key revenue streams include the sale of mineral rights or interests in its projects to larger mining companies, as well as potential royalties from productive mining operations that result from their exploration activities. Rincon Resources may also enter into strategic partnerships or joint ventures with established mining companies to co-develop projects, thereby sharing both the costs and profits associated with mining operations. Additionally, the company may raise capital through equity financing to fund its exploration activities and maintain operational liquidity.

Rincon Resources Ltd. Financial Statement Overview

Summary

Rincon Resources Ltd. faces significant financial challenges, with continuous losses impacting income and cash flow. The balance sheet shows a low level of debt, suggesting some financial stability, but the persistent lack of revenue growth and profitability raises concerns about the company's future financial performance.

Income Statement

Rincon Resources Ltd. has experienced volatile revenue with no consistent trend, including several periods of zero revenue. The company has negative gross profit and net income, leading to negative profit margins. The absence of revenue growth and negative EBIT and EBITDA margins indicate significant challenges in achieving profitability.

Balance Sheet

The balance sheet shows a strong equity position with a low debt-to-equity ratio, reflecting low leverage and potential stability. However, the high proportion of equity relative to total assets highlights a lack of financial flexibility. The company's return on equity is negative due to consistent losses, but the equity ratio remains strong.

Cash Flow

Cash flow analysis reveals negative operating and free cash flows, indicating cash usage in operations and investments. The free cash flow to net income ratio is negative, and the operating cash flow to net income ratio is unfavorable, pointing to inefficiencies and potential liquidity issues despite strong financing cash inflows.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	146.25K	0.00	0.00	17.31K	62.10K	0.00
Gross Profit	146.25K	-22.85K	-53.19K	-39.45K	26.15K	-926.00
EBITDA	-1.27M	-1.23M	-1.47M	-1.16M	-1.26M	-1.17M
Net Income	-1.26M	-1.26M	-1.53M	-1.22M	-1.30M	-1.17M
Balance Sheet
Total Assets	13.48M	13.48M	14.34M	5.59M	5.17M	6.23M
Cash, Cash Equivalents and Short-Term Investments	2.77M	2.77M	6.02M	227.90K	1.15M	4.43M
Total Debt	1.43K	1.43K	22.65K	62.75K	66.08K	0.00
Total Liabilities	50.67K	50.67K	414.23K	238.30K	198.96K	202.43K
Stockholders Equity	13.43M	13.43M	13.93M	5.35M	4.97M	6.03M
Cash Flow
Free Cash Flow	-3.12M	-739.66K	-3.91M	-2.01M	-3.25M	-2.08M
Operating Cash Flow	-739.66K	-739.66K	-1.24M	-749.02K	-1.10M	-968.24K
Investing Cash Flow	-2.63M	-2.63M	-2.67M	-1.26M	-2.17M	-1.12M
Financing Cash Flow	123.98K	123.98K	9.70M	1.09M	-14.25K	6.28M

Rincon Resources Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RCR, the sentiment is Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.01, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.85 is Neutral, neither overbought nor oversold. The STOCH value of 150.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:RCR.

Rincon Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
KFM	51 Neutral	AU$9.16M	-2.78	-41.50%	―	―	-6.38%
RCR	46 Neutral	AU$5.36M	-3.95	-9.21%	―	―	54.74%
PKO	44 Neutral	AU$5.95M	―	-161.53%	―	―	―
MOH	43 Neutral	AU$9.27M	-2.00	-91.16%	―	―	56.90%
BMO	41 Neutral	AU$2.69M	-0.23	-240.83%	―	―	55.05%
ATT	36 Underperform	AU$9.71M	-0.77	-145.66%	―	―	34.61%

Rincon Resources Ltd. Corporate Events

Rincon Director David Lenigas Doubles Direct Shareholding with On-Market Purchase

Rincon Resources director David Lenigas has increased his direct shareholding in the company through an on‑market purchase of 2 million fully paid ordinary shares for $32,000. Following the transaction on 19 December 2025, Lenigas now holds 4 million shares directly, in addition to his existing package of unlisted options and 1,045,454 shares held indirectly, further aligning his financial interests with those of other shareholders.

Rincon Partners with Greatland Resources for Telfer South Exploration

Rincon Resources Limited has entered into a multi-stage joint venture agreement with Greatland Resources, enabling the latter to earn up to a 75% stake in Rincon’s Telfer South Gold Project by meeting exploration and funding milestones. This collaboration allows Rincon to focus efforts on its Hasties gold-copper projects while gaining access to Greatland’s expertise and infrastructure, particularly the efficient processing capabilities of the nearby Telfer mine, which could benefit both companies and enhance exploration in the underexplored Paterson Province.

Rincon Resources Initiates Trading Halt Ahead of Major Announcement

Rincon Resources Limited has requested a trading halt on its securities pending an announcement related to a significant joint venture transaction. The halt will last until the announcement is made or until normal trading resumes on December 19, 2025, whichever comes first. This move suggests a potentially impactful development for the company, which could influence its market position and stakeholder interests.

Rincon Resources Confirms Stability in Exploration Results

Rincon Resources Ltd. has released a report confirming that there is no new information or data affecting their previous market announcements regarding exploration results. The company assures stakeholders that all assumptions and technical parameters remain unchanged, maintaining the reliability of their exploration estimates.

Rincon Resources Ltd. Announces AGM Results and Strategic Focus

Rincon Resources Ltd. announced the results of its Annual General Meeting, where all resolutions were passed, including resolution 4 as a special resolution. The withdrawal of resolution 5 was due to resolution 1 receiving less than 25% opposition. This outcome reflects the company’s stable governance and may positively impact its strategic exploration initiatives in Western Australia.

Rincon Resources Reports Promising Drilling Results at Telfer South Project

Rincon Resources Ltd. has reported significant gold and copper results from its recent drilling campaign at the Hasties Main deposit within the Telfer South Gold Project. The drilling has extended the known mineralization by approximately 150 meters and confirmed high-grade zones, which are comparable to those processed at the nearby Telfer Mine. These results are expected to contribute to a revised mineral resource estimate in early 2026, potentially increasing the project’s size and value. The company is awaiting permits for a second-stage drilling program to further explore and expand the resource.

Rincon Resources Advances Exploration Projects in Western Australia

Rincon Resources Limited announced its quarterly activities report for September 2025, highlighting significant progress across its projects. At the Telfer South Project, 14 drill holes were completed to test the Hasties Main deposit’s extension, with assay results pending. The Crackerbox Project saw the completion of its acquisition, expanding its coverage and showing promising historical drilling results. In Laverton, a 48-hole drilling program returned anomalous results, guiding future exploration. No exploration occurred at West Arunta this quarter as the company reviews past work to plan next steps.

Rincon Resources Advances Exploration at Telfer South and Laverton Projects

Rincon Resources Ltd. has completed a reverse-circulation drilling program at its Telfer South Gold Project, extending the potential strike length of the Hasties Main gold-copper deposit from 200m to 600m. Pending assay results will update the Mineral Resource Estimate and guide future drilling. Additionally, Rincon plans a Mobile MT geophysical survey to explore deeper mineralization. At the Laverton Gold Project, air-core drilling results were modest, but the area remains highly prospective, with plans to refine targeting models for future exploration.

Rincon Resources Ltd. Announces Cessation of Securities

Rincon Resources Ltd. announced the cessation of 4,570,000 securities due to the expiry of options that were not exercised or converted by the deadline of October 20, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and future capital management.

Rincon Resources Announces Upcoming Annual General Meeting

Rincon Resources Limited, a company listed on the Australian Securities Exchange (ASX: RCR), has announced its Annual General Meeting for shareholders to be held on November 20, 2025, in Subiaco, Western Australia. The company is encouraging shareholders to access the Notice of Meeting electronically, in line with the Corporations Act 2001, and has provided details on how to vote either in person, by proxy, or through an authorized representative. This move reflects a shift towards digital communication, aiming to streamline shareholder engagement and voting processes.

Rincon Resources Ltd. Schedules Annual General Meeting with Key Resolutions

Rincon Resources Ltd. has announced its upcoming Annual General Meeting, which is scheduled to take place on November 20, 2025, in Subiaco, Western Australia. The meeting will address several key agenda items, including the consideration of the company’s financial statements, the adoption of the remuneration report, the re-election of Director Mr. Blair Sergeant, and the ratification of prior issued securities related to the acquisition of the Crackerbox Gold Project. These resolutions are significant for stakeholders as they involve important governance and strategic decisions impacting the company’s operations and future direction.