Rincon Resources Ltd. (RCR) AI Stock Analysis

• Market Cap: AU$5.68M
• Dividend Yield: N/A
• Average Volume (3M): 1.45M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.78
• 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: 47 Neutral
• Price Target: AU$0.02 ▼(-15.00% Downside)

The score is primarily held down by weak financial performance (minimal/zero revenue, ongoing losses, and persistent cash burn), partially offset by a low-debt balance sheet. Technicals are modestly supportive with mildly positive momentum, but valuation remains pressured due to losses (negative P/E) and no dividend support.

Positive Factors

Low Leverage

Near-zero debt materially reduces financial risk and interest burden, giving management flexibility to fund operations or exploration without immediate debt-service pressure. Over the next 2–6 months this lowers solvency risk and makes equity or project financing more viable while operations scale.

Stronger Equity Base

A meaningful rise in equity strengthens the company’s capital buffer, improving its ability to absorb operating losses and support asset development. This provides a longer runway versus peers with thin equity and underpins funding flexibility for project milestones or further resource work.

Improving Cash Burn Trend

Narrowing operating and free cash outflows signals operational discipline or lower cash intensity, which if sustained reduces external funding needs. Over a multi-month horizon it lowers dilution risk and supports progressing development plans while management seeks to reach cash-neutral operations.

Negative Factors

No Meaningful Revenue

The absence of recurring revenue means the business cannot self-fund growth or cover fixed costs, leaving it dependent on external capital. Persisting this condition over months heightens execution risk, delays scaling, and forces financing that can dilute shareholders or slow project timelines.

Persistent Losses & Negative ROE

Sustained operating losses and negative ROE indicate shareholder capital is not generating returns and that core operations are unprofitable. Over a 2–6 month horizon this constrains reinvestment, increases dependence on raises, and raises the bar for operational improvements to restore profitability.

Chronic Negative Cash Flow

Consistent negative operating and free cash flows point to structural cash-generation issues. Without sustainable cash inflows, the company will need recurring financing to continue activities, increasing dilution risk and limiting the ability to execute long-term projects or respond to adverse developments.

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

Income statement and cash flow are weak, with minimal/zero revenue in recent years, recurring net losses, and persistent negative operating/free cash flow. The balance sheet partially offsets this with very low leverage and a stronger equity base, reducing solvency risk but not eliminating ongoing funding risk.

Income Statement

The company has minimal/zero revenue in most recent years (2024–2025 show 0 revenue), with revenue declining from prior levels (2023–2025 includes -100% revenue growth in 2025). Profitability is consistently weak: gross profit is negative in 2023–2025 and operating losses persist across all years, with net losses around ~A$1.2–1.5M each year from 2021–2025. A one-off profitable year in 2020 (positive net income) has not been sustained, highlighting a business still in a pre-revenue or early-stage phase with limited operating leverage.

Balance Sheet

Balance sheet leverage is very low, with debt-to-equity close to zero in every year (and essentially negligible in 2025), which reduces financial risk and interest burden. Total equity has increased meaningfully versus 2022–2023, supporting the asset base. The key weakness is ongoing negative returns on equity from 2021–2025, indicating that shareholder capital is not currently generating profits and the balance sheet strength depends on continued funding rather than earnings power.

Cash Flow

Cash generation remains a major challenge: operating cash flow is negative in 2021–2025, and free cash flow is also negative each year (including a large outflow in 2024). Cash burn improved in 2025 versus 2024 (operating and free cash outflows narrowed), but the company still relies on external capital to fund operations. Cash flow quality versus earnings is not the issue—losses are largely matched by cash outflows—rather, the issue is the persistence of negative cash flow with no consistent revenue base.

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: Positive
• 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 below the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.85 is Neutral, neither overbought nor oversold. The STOCH value of 80.00 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	50 Neutral	AU$7.81M	-2.37	-41.50%	―	―	-6.38%
RCR	47 Neutral	AU$5.68M	-4.19	-9.21%	―	―	54.74%
PKO	44 Neutral	AU$8.93M	―	-161.53%	―	―	―
MOH	43 Neutral	AU$9.27M	-2.20	-91.16%	―	―	56.90%
BMO	41 Neutral	AU$4.03M	-0.32	-240.83%	―	―	55.05%
ATT	36 Underperform	AU$7.80M	-0.68	-145.66%	―	―	34.61%

Rincon Resources Ltd. Corporate Events

Rincon Resources Strengthens Telfer South Position with Greatland JV and High-Grade Hasties Drilling

Rincon Resources has entered a multi-stage farm-in and joint-venture agreement with Greatland Resources over a large portion of its Telfer South tenements, allowing Greatland to earn up to 75% by funding up to $4 million in exploration and ultimately a decision to mine, with any resulting ore to be toll-processed at Greatland’s nearby Telfer plant. Separately, Rincon continues to advance its wholly owned Hasties Main and Hasties SE gold-copper deposits, where recent drilling returned multiple high-grade gold and copper intersections, extending near-surface mineralisation by about 150 metres along strike, increasing confidence in the continuity of the deposit, and supporting plans to grow the mineral resource estimate while progressing the Hasties SE area from prospecting to a mining lease, which together enhance the company’s development options and strategic positioning in the Telfer district.

The most recent analyst rating on (AU:RCR) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Rincon Resources Ltd. stock, see the AU:RCR Stock Forecast page.

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.