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Red Metal Limited
(Sydney:RDM)
Red Metal Limited (RDM) vs. iShares MSCI Australia ETF (EWA)
Red Metal Limited Business Overview & Revenue Model
Red Metal Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 32.96K | 1.78M | 1.83M | 793.07K | 2.63M | 3.37M |
| Gross Profit | -228.27K | 1.78M | 1.83M | 793.07K | 2.51M | 3.27M |
| EBITDA | -12.90M | -12.19M | -7.78M | -10.64M | -2.58M | -1.26M |
| Net Income | -7.47M | -7.47M | -5.64M | -6.21M | -2.29M | -1.36M |
Balance Sheet | ||||||
| Total Assets | 9.33M | 9.33M | 13.87M | 8.40M | 16.66M | 4.36M |
| Cash, Cash Equivalents and Short-Term Investments | 7.99M | 7.99M | 12.21M | 6.65M | 14.92M | 2.49M |
| Total Debt | 272.87K | 272.87K | 533.31K | 568.09K | 686.52K | 135.27K |
| Total Liabilities | 1.33M | 1.33M | 2.13M | 2.23M | 1.20M | 1.13M |
| Stockholders Equity | 6.43M | 6.43M | 6.37M | 3.51M | 8.83M | 3.23M |
Cash Flow | ||||||
| Free Cash Flow | -10.12M | -10.11M | -7.47M | -8.36M | -2.17M | -1.57M |
| Operating Cash Flow | -10.10M | -10.10M | -7.46M | -562.70K | -411.36K | -348.22K |
| Investing Cash Flow | -6.82K | -6.82K | -7.97K | -7.64M | -1.15M | -1.22M |
| Financing Cash Flow | 5.90M | 5.90M | 13.02M | -67.52K | 13.99M | 2.72M |
Red Metal Limited Technical Analysis
Red Metal Limited Peers Comparison
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% | |
57 Neutral | €133.60M | -45.83 | -1.95% | ― | ― | 21.74% | |
52 Neutral | AU$168.82M | -43.54 | -2.30% | ― | ― | 12.50% | |
48 Neutral | AU$242.54M | -29.14 | -27.55% | ― | -71.00% | 9.44% | |
47 Neutral | AU$90.36M | -14.23 | -10.46% | ― | -85.84% | 73.66% | |
43 Neutral | AU$41.44M | -6.89 | -13.86% | ― | ― | -12.34% | |
40 Neutral | AU$54.66M | -6.42 | -116.65% | ― | ― | -11.33% |
Red Metal Limited Corporate Events
Artemis Resources has entered into an earn-in and joint venture agreement with Red Metal Limited over the Sharon Dam T1 IOCG target in Western Australia’s Madura Province, giving Artemis the right to earn a 60% interest by spending at least $5 million over three years, including an initial $400,000 drilling commitment supported by a government co‑funding grant. The deal strategically extends Artemis’ copper–gold footprint by adding a second major target 50km south of its Cassowary Intrusion, consolidating some 1,180km² along the Madura Crustal Boundary and positioning the company as a leading early mover in an underexplored IOCG belt, with shallow cover, granted tenure and existing access providing a cost‑effective, near‑term pathway to drilling from March–April 2026 subject to heritage clearance.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Red Metal Limited stock, see the AU:RDM Stock Forecast page.
Red Metal Limited has commenced large-scale weak-acid column heap leach tests on coarsely crushed ore from different granite regolith types at its Sybella rare earth project, building on prior bottle roll optimisation work that indicated effective rare earth extraction at low pH using ambient-temperature sulphuric acid. Alongside column leaching and ion exchange studies, the company is advancing detailed comminution testing and planning infill drilling to upgrade resources, with the aim of generating the technical data needed to move the Sybella project to pre-feasibility status in 2026, potentially confirming low-cost heap leach processing as a viable economic development route for this large, magnet rare earth discovery.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Red Metal Limited stock, see the AU:RDM Stock Forecast page.
Red Metal Limited has signed a joint venture agreement with Artemis Resources over the Sharon Dam magnetic and gravity anomaly in Western Australia’s Nullarbor region, a large, previously undrilled IOCG-style target with potential also for niobium, rare earth carbonatite and intrusion-hosted copper-nickel mineralisation. Under the deal, Artemis will fund an initial proof-of-concept drilling program and can earn a 60% interest in the tenement by spending $5 million over three years, with the first hole partly supported by Western Australian government EIS funding; the move strengthens Artemis’ emerging copper-gold position along the Madura Crustal Boundary while allowing Red Metal to advance a high-impact target with reduced capital risk, potentially enhancing both groups’ exposure to a frontier copper province if exploration success follows.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Red Metal Limited stock, see the AU:RDM Stock Forecast page.
Artemis Resources has entered an earn-in and joint venture agreement with Red Metal Limited over the Sharon Dam IOCG target in Western Australia’s Madura Province, giving Artemis the right to earn a 60% interest by spending $5 million over three years, including an initial $400,000 drilling commitment partly supported by a government exploration incentive grant. The deal strategically extends Artemis’ copper–gold footprint around the Madura Crustal Boundary, consolidating control over a series of large, undrilled intrusive targets such as Sharon Dam and Cassowary, in a region that is drawing increasing interest from major and mid-tier explorers; with shallow cover, granted tenure, and heritage frameworks already in place, drilling is slated for early 2026, positioning the company for a potentially high-impact, low-cost discovery in a frontier IOCG province.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Red Metal Limited stock, see the AU:RDM Stock Forecast page.
Red Metal Limited announced a change in the director’s interest, with Russell Barwick acquiring 1,000,000 ordinary shares and 2,500,000 options exercisable at 20 cents, while disposing of 1,000,000 options exercisable at 9 cents. This change, approved at the November 2025 Annual General Meeting, reflects a strategic adjustment in the director’s investment, potentially impacting the company’s stock performance and signaling confidence in its future growth.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Red Metal Limited stock, see the AU:RDM Stock Forecast page.
Red Metal Limited has announced the issuance of 10 million incentive options to its directors and 6.5 million options to technical and administrative staff, as approved during its Annual General Meeting. These options, which are part of the company’s strategic incentive plan, are expected to enhance employee engagement and align the interests of the directors and staff with the company’s long-term goals, potentially impacting its operational efficiency and market positioning.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Red Metal Limited stock, see the AU:RDM Stock Forecast page.
Red Metal Limited announced the issuance of unquoted equity securities, comprising 10 million options exercisable at 20 cents each and 6.5 million options at 16 cents each, both set to expire in November 2028. This move is likely to impact the company’s capital structure and could provide additional financial resources for its ongoing and future projects, potentially strengthening its position in the competitive mining industry.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Red Metal Limited stock, see the AU:RDM Stock Forecast page.
Red Metal Limited has announced the issuance of 4,000,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) as of November 28, 2025. This move is part of the company’s strategy to strengthen its financial position and enhance its operational capabilities, potentially impacting its market positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.11 price target. To see the full list of analyst forecasts on Red Metal Limited stock, see the AU:RDM Stock Forecast page.
Red Metal Limited has announced successful results from its ion exchange resin trials at the Sybella Rare Earth Project, which have significantly improved the separation of impurities from rare earth elements. This breakthrough is expected to simplify the processing flowsheet and reduce both capital and operating costs, potentially enhancing the company’s competitive positioning in the rare earth market. The trials demonstrated a notable increase in rare earth recovery rates and purity, alongside reduced complexity and costs in impurity removal processes. These advancements, combined with ongoing studies, suggest that heap leach processing could be a viable economic option for the Sybella project, which is strategically located near Mount Isa.
Red Metal Limited has announced updates on its various mineral exploration projects across Australia, focusing on rare earth elements, gold, copper, zinc, and silver-lead. The company is advancing its Sybella project in Mount Isa, Queensland, with new rare earth element discoveries and ongoing trials. Additionally, Red Metal is progressing with drilling and scoping studies in several other projects, including Pardoo, Pulkarrimarra, Gulf, Three Ways, Lawn Hill, and Pernatty, aiming to enhance its resource base and market positioning.
Red Metal Limited announced that all six resolutions presented at its 2025 Annual General Meeting were passed with the required majority. This outcome reflects strong shareholder support and is expected to positively impact the company’s governance and strategic initiatives. The approval of these resolutions, including the re-election of directors and the issuance of options, positions Red Metal Limited to continue its growth trajectory and enhance its market presence.
Red Metal Limited’s September 2025 quarterly report highlights significant progress in its Sybella rare earth elements project in Queensland, with advanced metallurgical studies and drilling preparations underway. The company is also advancing its gold and copper projects in Western Australia, supported by government co-funding, and has raised substantial capital through successful drilling applications and option exercises, positioning itself for future growth.
Red Metal Limited announced a change in the director’s interest, specifically involving Russell Barwick, who exercised options to acquire 280,170 ordinary shares. This change reflects the director’s increased stake in the company, potentially signaling confidence in the company’s future prospects and impacting shareholder perceptions.
Red Metal Limited announced the issuance of 4,890,642 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) as of October 29, 2025. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market position and offering new opportunities for stakeholders.
Red Metal Limited has announced the issuance of 5,840,510 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code RDM. This move is part of the company’s strategy to capitalize on convertible securities, potentially strengthening its financial position and providing additional capital for future growth initiatives.
Red Metal Limited has announced its Annual General Meeting scheduled for November 17, 2025. The company encourages shareholders to access meeting documents online and submit proxy forms and questions in advance to facilitate a well-prepared meeting. The outcomes of the meeting resolutions will be shared via the ASX announcements platform.
Red Metal Limited has announced a change in the interests of its director, Joshua Pitt, in the company’s securities. The change involves the exercise of options, resulting in an increase in ordinary shares held by Mr. Pitt. This adjustment reflects a strategic move by the director to convert options into shares, potentially signaling confidence in the company’s future performance.
Red Metal Limited has announced the issuance of 4,602,771 fully paid ordinary securities, which are set to be quoted on the Australian Securities Exchange (ASX) as of October 16, 2025. This move is part of the company’s strategic efforts to strengthen its financial position and potentially expand its operational capabilities, impacting its market standing and offering new opportunities for stakeholders.
Red Metal Limited has announced the upcoming expiry of its unlisted options, RDMAAC, which are set to expire on October 25, 2025. Holders of these options have been notified to exercise their rights by paying $0.13 per option before the deadline to convert them into fully paid ordinary shares. This announcement is significant for stakeholders as it provides an opportunity to invest further in the company, potentially impacting the company’s capital structure and shareholder base.
Red Metal Limited has announced the allotment of 600,000 ordinary fully paid shares following the exercise of unquoted options. This move was executed without disclosure to investors under the Corporations Act 2001, and the company confirms compliance with relevant provisions of the Act. This development signifies a strategic financial maneuver that may enhance the company’s liquidity and shareholder base, potentially impacting its market positioning.
Red Metal Limited has announced the quotation of 2,375,000 ordinary fully paid securities on the ASX, marking a significant step in its financial operations. This move is expected to enhance the company’s liquidity and potentially improve its market positioning, offering stakeholders an opportunity to engage with the company’s growth trajectory.
Red Metal Limited has announced the issuance of 600,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its financial standing and potentially expand its operational capabilities, signaling a positive development for stakeholders and investors.
Red Metal Limited has announced the issuance of 855,681 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its financial flexibility and support its growth initiatives, potentially impacting its market positioning and offering new opportunities for stakeholders.
Red Metal Limited has completed two proof-of-concept drill tests on its Three Ways and Gulf copper-gold projects, supported by $400,000 in grants from the Queensland Government. The drilling at Three Ways encountered carbonaceous shale and marble with magnetic pyrrhotite and minor chalcopyrite, but the drill hole missed the core of the magnetic target, necessitating further geochemical analysis and potential follow-up drilling.