Resource Mining Corporation Limited (AU:RMI)
ASX:RMI
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Resource Mining Corporation Limited
(Sydney:RMI)
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Rating:53Neutral
Price Target:
AU$0.05
▲(60.00% Upside)
Action:ReiteratedDate:04/28/26
The score is held back primarily by weak financial performance (ongoing losses and negative cash flow), despite a relatively strong low-debt balance sheet. Technicals are supportive with price above major moving averages and positive MACD, but an extremely overbought RSI increases pullback risk. Valuation is not supportive given a negative P/E and no dividend.
Positive Factors
Low leverage / stronger balance sheet
A very low-debt balance sheet provides durable financial flexibility: it reduces near-term refinancing risk, preserves optionality for opportunistic project spend or partnerships, and lengthens runway to execute restructuring or commercialization plans over the next months.
Negative Factors
Persistent negative cash flow
Consistent negative operating and free cash flow forces reliance on external capital to fund operations. That dependence increases dilution or financing costs, constrains strategic choices, and limits the company’s ability to self-fund growth or absorb shocks over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / stronger balance sheet
A very low-debt balance sheet provides durable financial flexibility: it reduces near-term refinancing risk, preserves optionality for opportunistic project spend or partnerships, and lengthens runway to execute restructuring or commercialization plans over the next months.
Read all positive factors
Resource Mining Corporation Limited (RMI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$36.64M
Dividend YieldN/A
Average Volume (3M)1.33M
Price to Earnings (P/E)―
Beta (1Y)2.54
Revenue GrowthN/A
EPS Growth27.27%
CountryAU
Employees13
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding852,109,860
10 Day Avg. Volume841,896
30 Day Avg. Volume1,334,585
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.88
Price to Sales (P/S)4226.37
P/FCF Ratio-12.42
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
Resource Mining Corporation Limited Business Overview & Revenue Model
Company Description
Resource Mining Corporation Limited engages in mineral exploration activities. The company explores for nickel, lithium, and cobalt deposits. It holds an interest in the Kabulwanyele nickel project comprising two granted licenses covering an area ...
How the Company Makes Money
null...
Resource Mining Corporation Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 1.85K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 1.85K | -349.00 | 0.00 | 0.00 | -9.35K |
| EBITDA | -1.20M | -1.34M | -2.91M | -4.85M | 2.91M | -314.00K |
| Net Income | -1.76M | -1.57M | -3.12M | -11.22M | 2.96M | -734.00K |
Balance Sheet | ||||||
| Total Assets | 10.93M | 9.75M | 8.79M | 8.09M | 1.77M | 140.79K |
| Cash, Cash Equivalents and Short-Term Investments | 557.68K | 302.18K | 157.05K | 857.69K | 1.73M | 43.68K |
| Total Debt | 87.06K | 87.20K | 87.20K | 117.19K | 1.77K | 2.85K |
| Total Liabilities | 586.09K | 1.09M | 391.03K | 3.53M | 1.21M | 6.04M |
| Stockholders Equity | 10.55M | 8.87M | 8.59M | 4.74M | 618.95K | -5.88M |
Cash Flow | ||||||
| Free Cash Flow | -1.26M | -630.59K | -3.17M | -2.94M | -554.33K | -300.55K |
| Operating Cash Flow | -1.26M | -630.59K | -1.50M | -2.54M | -554.33K | -300.55K |
| Investing Cash Flow | -1.24M | -613.33K | -1.67M | -523.02K | -34.32K | -4.16K |
| Financing Cash Flow | 2.84M | 1.39M | 2.47M | 2.27M | 2.28M | 304.72K |
Resource Mining Corporation 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% | |
53 Neutral | AU$36.64M | -5.03 | -18.09% | ― | ― | 27.27% | |
46 Neutral | AU$33.22M | -4.34 | -19.53% | ― | ― | -8.74% | |
44 Neutral | AU$11.81M | -4.17 | 110.58% | ― | ― | 90.94% | |
42 Neutral | AU$15.09M | -8.89 | -5.47% | ― | ― | 39.30% | |
41 Neutral | AU$14.61M | -6.14 | -13.47% | ― | ― | 33.33% |
* Basic Materials Sector Average
AU:RMI
Resource Mining Corporation Limited
0.04
0.03
290.91%
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0.10
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AU:AR3
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83.10%
Resource Mining Corporation Limited Corporate Events
RMI Flags Large Porphyry Targets at Saudi Wadi Salamah After Magnetic Survey
Apr 7, 2026
Resource Minerals International has completed a 1,010 line-kilometre high-resolution ground magnetic survey over its 100.83 square kilometre Wadi Salamah project in Saudi Arabia, marking the first phase of systematic work on this largely untested ...
RMI Maps Priority Gold Targets at Saudi Shaib Marqan Project
Mar 30, 2026
Resource Minerals International has completed a high-resolution ground magnetic survey over 91.88 square kilometres at its Shaib Marqan gold project in Saudi Arabia’s Arabian Shield, marking the first phase of systematic work on the licence....
RMI’s New Magnetic Survey Expands High-Grade Copper-Gold Targets at Mpanda
Mar 18, 2026
Resource Minerals International has completed a high-resolution magnetic survey over the Kabungu, Ibindi and Kabatini prospects at its Mpanda copper-gold project in Tanzania. The work refines understanding of structural controls, correlates with e...
Resource Minerals International Releases Interim Report for Half-Year 2025
Mar 13, 2026
Resource Minerals International Ltd has released its interim report for the half-year ended 31 December 2025, following its recent name change from Resource Mining Corporation Limited. The report includes the directors’ report, financial sta...
Resource Minerals Unveils High-Grade Saudi Gold Results and Ends Quarter Debt Free
Jan 29, 2026
Resource Minerals International reported strong December 2025 quarter exploration progress at its Saudi Arabian projects, Wadi Salamah and Shaib Marqan, where it holds granted exploration licences covering nearly 190 square kilometres in central S...
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.