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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 1.78M | 1.83M | 793.07K | 2.63M | 3.37M |
| Gross Profit | -202.56K | 1.78M | 1.83M | 793.07K | 2.51M | 3.27M |
| EBITDA | -4.55M | -12.19M | -7.78M | -10.64M | -2.58M | -1.26M |
| Net Income | 18.39M | -7.47M | -5.64M | -6.21M | -2.29M | -1.36M |
Balance Sheet | ||||||
| Total Assets | 38.19M | 9.33M | 13.87M | 8.40M | 16.66M | 4.36M |
| Cash, Cash Equivalents and Short-Term Investments | 4.93M | 7.99M | 12.21M | 6.65M | 14.92M | 2.49M |
| Total Debt | 179.91K | 272.87K | 533.31K | 568.09K | 686.52K | 135.27K |
| Total Liabilities | 1.96M | 1.33M | 2.13M | 2.23M | 1.20M | 1.13M |
| Stockholders Equity | 36.23M | 6.43M | 6.37M | 3.51M | 8.83M | 3.23M |
Cash Flow | ||||||
| Free Cash Flow | -7.27M | -10.11M | -7.47M | -8.36M | -2.17M | -1.57M |
| Operating Cash Flow | -7.26M | -10.10M | -7.46M | -562.70K | -411.36K | -348.22K |
| Investing Cash Flow | -43.83K | -6.82K | -7.97K | -7.64M | -1.15M | -1.22M |
| Financing Cash Flow | 1.43M | 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% | |
52 Neutral | AU$136.74M | 51.54 | -0.50% | ― | ― | 12.50% | |
47 Neutral | AU$47.94M | 0.64 | 86.21% | ― | ― | -11.33% | |
47 Neutral | AU$81.06M | -11.27 | -10.46% | ― | -85.84% | 73.66% | |
45 Neutral | AU$125.15M | -5.36 | -5.19% | ― | ― | 21.74% | |
43 Neutral | AU$39.20M | -11.22 | -0.02% | ― | ― | -12.34% | |
42 Neutral | AU$247.83M | -16.15 | -29.71% | ― | -71.00% | 9.44% |
Red Metal Limited Corporate Events
Red Metal Limited has entered into joint venture term sheets with Chalice Mining over two Callabonna Project exploration licences on the northern margin of South Australia’s Curnamona Province. The deals focus on large iron-oxide copper-gold targets defined by magnetic and gravity anomalies in a remote, underexplored region.
Under the agreement for EL 6318, Chalice can earn between 65% and 72.5% of Red Metal’s interest by spending $6 million over four years, including at least two basement drill holes in the first year, while Red Metal’s final stake will depend on Variscan Mines’ election. For EL 6204, Chalice can earn 65% with a $6 million spend over four years and one initial basement drill test, after which Red Metal can retain a 35% contributing interest.
The partnership allows Red Metal to share exploration risk and leverage Chalice’s capabilities while maintaining meaningful exposure to potential large copper-gold discoveries at Callabonna. Preparations are underway for drilling in the 2026 field season, with both parties aiming to test several standout geophysical targets that could significantly enhance the project’s value if successful.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.17 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 released its interim financial report for the half year ended 31 December 2025, covering the company and its controlled entities. The report package includes the directors’ report, auditor’s independence declaration, reviewed condensed financial statements, and accompanying notes, outlining the group’s financial performance and position for the period.
The publication of this interim report provides investors and other stakeholders with an updated view of Red Metal’s financial health and governance oversight ahead of its full-year results. By disclosing reviewed profit and loss, balance sheet, cash flow, and equity movements, the company enhances transparency and supports informed assessment of its operations and capital management.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.17 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’s December 2025 quarterly update highlights technical progress at its Sybella rare earths project in Queensland, where innovative ion exchange resin trials on pregnant leach liquors have defined a lower-cost, simplified impurity removal process that improves rare earth recoveries and reduces flowsheet complexity. Large column heap leach tests on key ore types, along with further ion exchange optimisation and planned infill drilling to upgrade resources, are underway to generate the data required to advance Sybella toward pre-feasibility in 2026. In Western Australia, first drilling for Hemi-style gold targets at Pardoo has outlined a promising vector for follow-up work, while a four-hole diamond program at Pulkarrimarra is being assayed, and a joint venture with Artemis Resources has been struck to drill a standout gravity and magnetic copper-gold target at Nullarbor. On the corporate front, Red Metal’s holding of 88.5 million shares in Maronan Metals has surged in value as higher silver, gold and copper prices and strong project attributes have lifted Maronan’s share price, reinforcing the strategic value of this investment, while government co-funding applications lodged for priority Queensland drill targets could further leverage exploration spend if successful.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.18 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 reported initial drilling results from its Pardoo Gold Project in the Pilbara, where five wide-spaced reverse circulation holes tested two geophysical targets, Pardoo 2 and Pardoo 3, for orogenic and Hemi-style gold mineralisation. While no ore-grade gold was intersected in the basement rocks, the company identified weakly anomalous gold values in the younger sedimentary cover immediately above the basement across all holes, with gold, arsenic and antimony values increasing towards the southeast, potentially providing a vector to nearby mineralisation. On this basis, Red Metal is considering a follow-up exploration program along a three-kilometre section of the sheared granite–greenstone contact to further assess the speculated gold potential and refine its targeting in the area.
The most recent analyst rating on (AU:RDM) stock is a Hold with a A$0.18 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 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.