Resource Mining Corporation Limited (AU:RMI)
ASX:RMI
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Resource Mining Corporation Limited
(Sydney:RMI)
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Rating:50Neutral
Price Target:
AU$0.06
▲(110.00% Upside)
Action:Reiterated
Date:05/19/26
The score is held down primarily by weak fundamentals—ongoing losses and negative cash flow—despite an improving trajectory and a comparatively strong, low-debt balance sheet. Technicals are supportive due to strong trend and positive MACD, but extremely overbought RSI/Stoch and high beta add risk. Valuation is difficult to assess with a negative P/E and no dividend yield data.
Positive Factors
Low leverage / strong balance sheet
Very low debt and stronger equity/assets provide durable financial flexibility. This reduces insolvency risk and gives management runway to execute restructuring or growth initiatives while losses narrow, lowering the probability of forced distress financing over the next several months.
Negative Factors
Persistent negative margins
Deeply negative margins reflect an inability to cover fixed and variable costs from current revenue levels. Persisting negative profitability erodes retained capital, limits reinvestment capacity, and means the business model has yet to demonstrate sustainable unit economics across market cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt and stronger equity/assets provide durable financial flexibility. This reduces insolvency risk and gives management runway to execute restructuring or growth initiatives while losses narrow, lowering the probability of forced distress financing over the next several months.
Read all positive factors
Resource Mining Corporation Limited (RMI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$60.42M
Dividend YieldN/A
Average Volume (3M)1.33M
Price to Earnings (P/E)―
Beta (1Y)2.53
Revenue GrowthN/A
EPS Growth27.27%
CountryAU
Employees13
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding929,609,860
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
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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% | |
50 Neutral | AU$60.42M | -5.03 | -18.09% | ― | ― | 27.27% | |
46 Neutral | AU$30.67M | -4.34 | -19.53% | ― | ― | -8.74% | |
45 Neutral | AU$14.88M | -3.25 | -13.47% | ― | ― | 33.33% | |
44 Neutral | AU$8.79M | -3.18 | 110.58% | ― | ― | 90.94% | |
42 Neutral | AU$13.28M | -4.63 | -5.47% | ― | ― | 39.30% |
* Basic Materials Sector Average
AU:RMI
Resource Mining Corporation Limited
0.07
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195.45%
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Resource Mining Corporation Limited Corporate Events
Resource Minerals International raises equity via 77.5 million share placement
May 12, 2026
Resource Minerals International Ltd has issued 77.5 million fully paid ordinary shares at $0.04 each under its existing ASX Listing Rule 7.1 placement capacity, expanding its share base without undertaking a prospectus or disclosure document. The ...
Resource Minerals International Seeks ASX Quotation for 77.5 Million New Shares
May 12, 2026
Resource Minerals International Ltd has lodged an application with the ASX for the quotation of 77,500,000 ordinary fully paid shares under the code RMI, with an issue date of 12 May 2026. The significant volume of new quoted securities is expecte...
Resource Minerals International Plans Major Share Placement to Bolster Capital Base
May 4, 2026
Resource Minerals International Ltd has announced a proposed placement of new ordinary fully paid shares on the ASX as part of its capital management strategy. The company plans to issue up to 87,500,000 RMI shares, with the new securities schedul...
Resource Minerals Raises A$3.5m to Drive Tanzania and Saudi Drilling Push
May 4, 2026
Resource Minerals International has secured firm commitments for a A$3.5 million equity placement, issuing 87.5 million shares at A$0.04 each at a modest discount to its last traded price. The raise drew strong support from professional and sophis...
Resource Minerals International Seeks Trading Halt Ahead of Capital Raising Announcement
Apr 30, 2026
Resource Minerals International Ltd has requested a trading halt on its securities on the ASX as it prepares to announce details of a planned capital raising. Trading in the company’s shares will be paused until either the capital-raising an...
RMI Defines Priority Drill Targets in Saudi Arabia and Tanzania After Magnetic Surveys
Apr 30, 2026
Resource Minerals International has advanced its Saudi Arabian exploration portfolio with the completion of high-resolution ground magnetic surveys at the Shaib Marqan and Wadi Salamah projects, both covered by granted exploration licences. The wo...
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...
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.