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Resource Mining Corporation Limited (AU:RMI)
ASX:RMI
Australian Market

Resource Mining Corporation Limited (RMI) AI Stock Analysis

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AU:RMI

Resource Mining Corporation Limited

(Sydney:RMI)

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Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
AU$0.03
▼(-13.33% Downside)
Overall score is held back primarily by ongoing losses and continued negative operating/free cash flow, despite a relatively strong, low-debt balance sheet. Technical indicators are moderately constructive but mixed versus key moving averages, and valuation support is limited because earnings are negative and no dividend yield is provided.
Positive Factors
Balance Sheet Strength
A strong balance sheet with low leverage provides financial stability and flexibility, allowing the company to invest in growth opportunities without the burden of high debt.
Exploration Expansion
Funding for exploration across multiple continents, including Saudi Arabia and Tanzania, positions RMI for growth by expanding its resource base and enhancing its market competitiveness.
Strategic Partnerships
Partnership with CNNC brings technical expertise and enhances RMI's exploration capabilities, potentially leading to significant resource discoveries and strengthening its market position.
Negative Factors
Negative Cash Flow
Persistent negative cash flow indicates reliance on external funding, which can strain financial resources and hinder long-term sustainability if not addressed.
Weak Profitability
Ongoing losses and negative margins highlight challenges in achieving profitability, which can impact the company's ability to reinvest in growth and compete effectively.
Capital Structure Dilution
Frequent share issuances to raise capital can lead to dilution of existing shareholders' equity, potentially affecting investor confidence and share value over time.

Resource Mining Corporation Limited (RMI) vs. iShares MSCI Australia ETF (EWA)

Resource Mining Corporation Limited Business Overview & Revenue Model

Company DescriptionResource 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 of approximately 20.5 square kilometers located in Tanzania. The company has an option to acquire 100% interest in the Roussakero Nickel, Hirvikallio Lithium, and Kola Lithium projects located in Finland; and the Massive Nickel project consisting of the Kabanga North Nickel, Kapalagula project, and Southern projects located in Tanzania. Resource Mining Corporation Limited was incorporated in 1984 and is based in West Perth, Australia.
How the Company Makes MoneyResource Mining Corporation Limited makes money through the exploration and potential development of mineral resources. The company's primary revenue streams include selling extracted minerals and ores from its mining projects, as well as entering into joint ventures or partnerships with other mining companies to leverage resources and expertise. Additionally, RMI may earn income through the sale or lease of mining rights and assets, and through royalties or other financial agreements with partners involved in the extraction and production processes. Significant partnerships or successful mineral discoveries can greatly enhance RMI's revenue potential, though the company remains subject to market conditions and commodity prices.

Resource Mining Corporation Limited Financial Statement Overview

Summary
Resource Mining Corporation Limited faces significant financial challenges with no revenue and ongoing operational losses. While there has been an improvement in equity, the absence of income generation and negative cash flows highlight major operational and financial difficulties. The company's reliance on financing activities to sustain operations is evident.
Income Statement
Resource Mining Corporation Limited has consistently reported zero revenue over the past years, indicating a lack of operational income. Negative EBIT and net income reflect ongoing operational losses. The absence of revenue growth is a critical weakness, and margins are irrelevant due to zero revenue.
Balance Sheet
The company shows an improvement in stockholders' equity, turning positive in recent years. The debt-to-equity ratio is low, indicating minimal leverage, which is a positive, but the company has negative net income impacting ROE negatively. The equity ratio is strong, suggesting a solid foundation, albeit with ongoing operational challenges.
Cash Flow
Negative operating and free cash flows suggest the company struggles to generate cash from its operations. The improvement in free cash flow over the years is slight but still negative, pointing towards significant financial challenges. Cash flow ratios remain weak due to persistent losses.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue0.001.85K0.000.000.000.00
Gross Profit0.001.85K-349.000.000.00-9.35K
EBITDA-595.89K-1.34M-2.91M-4.85M2.91M-314.00K
Net Income-1.57M-1.57M-3.12M-11.22M2.96M-734.00K
Balance Sheet
Total Assets9.75M9.75M8.79M8.09M1.77M140.79K
Cash, Cash Equivalents and Short-Term Investments302.18K302.18K157.05K857.69K1.73M43.68K
Total Debt0.0087.20K87.20K117.19K1.77K2.85K
Total Liabilities1.09M1.09M391.03K3.53M1.21M6.04M
Stockholders Equity8.87M8.87M8.59M4.74M618.95K-5.88M
Cash Flow
Free Cash Flow-453.65K-630.59K-3.17M-2.94M-554.33K-300.55K
Operating Cash Flow-453.41K-630.59K-1.50M-2.54M-554.33K-300.55K
Investing Cash Flow-613.33K-613.33K-1.67M-523.02K-34.32K-4.16K
Financing Cash Flow1.39M1.39M2.47M2.27M2.28M304.72K

Resource Mining Corporation Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
50
Neutral
AU$51.14M-11.33-15.50%3.79%
47
Neutral
AU$22.15M-10.83-17.94%55.56%
45
Neutral
AU$16.07M-6.82-6.61%
45
Neutral
AU$14.22M-5.29-14.33%
45
Neutral
AU$11.24M-5.8693.44%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:RMI
Resource Mining Corporation Limited
0.03
0.02
136.36%
AU:AMU
GTI Resources Ltd
0.15
0.03
25.00%
AU:AKO
Akora Resources Ltd.
0.08
-0.02
-15.46%
AU:RWD
Reward Minerals Limited
0.04
-0.02
-36.92%
AU:AR3
Australian Rare Earths Limited
0.23
0.15
177.11%

Resource Mining Corporation Limited Corporate Events

Resource Minerals International Raises Capital via Share Placement
Dec 23, 2025

Resource Minerals International Ltd, listed on the ASX under the code RMI, has issued 42,320,000 fully paid ordinary shares at $0.025 per share using its existing placement capacity under ASX Listing Rules 7.1 and 7.1A. The company confirmed that the shares were issued without a prospectus under the Corporations Act disclosure exemptions, that it remains compliant with its financial reporting and continuous disclosure obligations, and that there is no undisclosed price-sensitive information, signalling a standard capital-raising move intended to support its activities without altering its regulatory standing.

Resource Minerals International Seeks Quotation for 42.3 Million New Shares
Dec 23, 2025

Resource Minerals International Ltd has applied to the ASX for quotation of 42,320,000 new ordinary fully paid shares under an Appendix 2A filing. The securities, issued on 23 December 2025 following a previously flagged transaction, will expand the company’s listed share base and may influence its capital structure and liquidity profile for existing and prospective shareholders.

Resource Minerals International to Issue Shares in Lieu of Consulting Fees on Placement
Dec 22, 2025

Resource Minerals International Ltd, an ASX-listed mineral exploration and development company, has provided an update on a previously announced capital placement. The company will issue additional shares to satisfy part of the consulting fees associated with the placement, adjusting the structure of the consideration but not altering the overall placement framework, which may modestly impact its capital structure and fee mix for stakeholders.

Resource Minerals Tweaks Placement Terms, Pays Portion of Fees in Shares
Dec 22, 2025

Resource Minerals International Ltd has updated its plans for a previously announced capital placement, advising the ASX that part of the consulting fees associated with the transaction will now be settled through the issue of shares rather than entirely in cash. The move, detailed in an updated Appendix 3B lodged on 22 December 2025, slightly alters the composition of the proposed securities issue, signalling the company’s willingness to use equity as a form of remuneration in connection with the placement and marginally increasing its issued capital base.

Resource Minerals International Announces Planned Securities Issue
Dec 17, 2025

Resource Minerals International Ltd announced its intention to issue up to 40 million fully paid ordinary securities as part of a new placement. This proposed issuance, set to occur on December 24, 2025, highlights the company’s efforts to raise funds and strengthen its financial position, which may enhance its operational capacity and overall market competitiveness.

Resource Minerals International Secures $1 Million Funding for Global Exploration
Dec 17, 2025

Resource Minerals International Ltd (RMI) has successfully completed a $1 million share placement to fund their exploration activities across multiple continents. The funds will support geophysics and drilling campaigns in Saudi Arabia and Tanzania targeting gold, gold-silver, and copper-gold deposits, as well as exploration of lithium projects in Finland. Additionally, the placement enables the repurchase of convertible securities, leaving the company debt-free, and positions RMI for further growth and value creation for stakeholders.

Resource Minerals International Initiates Trading Halt for Capital Raise
Dec 15, 2025

Resource Minerals International Ltd (RMI) has requested a trading halt on its securities on the Australian Securities Exchange (ASX) pending an announcement regarding a capital raise. The halt is expected to remain in place until the announcement is made or until normal trading resumes on December 18, 2025. This move indicates that RMI is preparing for a significant capital-raising initiative, which could impact its financial strategy and market positioning.

Resource Minerals International Issues New Shares
Dec 11, 2025

Resource Minerals International Ltd, listed on the ASX under the symbol RMI, has issued 28,571,429 fully paid ordinary shares at $0.021 per share. This issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and the company has confirmed compliance with relevant provisions of the Act. The announcement indicates that there is no excluded information required to be disclosed, suggesting transparency in the company’s operations.

Resource Minerals International Ltd Announces Quotation of New Securities
Dec 11, 2025

Resource Minerals International Ltd announced the quotation of 28,571,429 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its market presence and provide liquidity to its shareholders, reflecting a positive step in its growth trajectory.

Resource Mining Corporation Advances Exploration in Saudi Arabia
Dec 9, 2025

Resource Mining Corporation Limited has completed a significant milestone by finishing the ground magnetic survey field work at its Wadi Salamah project, covering 1,010 kilometers. The data processing is underway, and the company is now mobilizing field teams to commence the next phase at the Shaib Marqan project. This exploration program, in collaboration with CNNC, aims to define high-priority drill targets, leveraging earlier findings of high-grade mineralization. The initiative strengthens RMI’s position in the mining sector by advancing its Saudi assets through modern geophysics and integrated structural interpretation.

Resource Minerals International Ltd Passes All Resolutions at AGM
Nov 25, 2025

Resource Minerals International Ltd successfully held its Annual General Meeting, where all proposed resolutions were passed by poll, except for one that was withdrawn. This outcome reflects strong shareholder support and adherence to corporate governance principles, potentially strengthening the company’s operational and strategic positioning.

Resource Mining Corporation Launches Magnetic Survey in Saudi Arabia
Nov 5, 2025

Resource Mining Corporation Limited has initiated a ground magnetic survey at its Shaib Marqan and Wadi Salamah gold-silver projects in Saudi Arabia. This marks the first detailed exploration phase aimed at refining drill-target definitions, following recent high-grade assay results. The collaboration with CNNC Geological Science and Technology Co., Ltd, part of the China National Nuclear Corporation, brings significant technical expertise and global experience to the project. The survey, covering approximately 190 km², is expected to guide future field programs and enhance the company’s exploration strategy in the region.

Resource Minerals International Expands Saudi Gold Exploration Ventures
Oct 30, 2025

Resource Minerals International Ltd has announced its acquisition of joint venture interests in gold exploration projects in Saudi Arabia, specifically at Shaib Marqan and Wadi Salamah, where high-grade gold and copper were reported. The company also secured funding of up to A$5 million for a three-year term and changed its name to reflect its international focus. These developments are expected to enhance RMI’s operational capabilities and market positioning in the mineral exploration industry.

Resource Minerals International Ltd Announces Cessation of Securities
Oct 27, 2025

Resource Minerals International Ltd announced the cessation of 11,031,813 securities due to the expiry of options without exercise or conversion as of October 26, 2025. This cessation could impact the company’s capital structure and may influence investor perceptions regarding the company’s financial strategies and market positioning.

Resource Minerals International Announces 2025 AGM Details
Oct 27, 2025

Resource Minerals International Ltd (ASX: RMI) has announced its 2025 Annual General Meeting will be held in person on 25 November 2025 in Perth, Western Australia. Shareholders are encouraged to download the Notice of Meeting and related materials from the company’s website or ASX platform. The company has provided details for proxy voting and emphasized the importance of shareholder participation in the meeting.

Resource Minerals International Issues New Shares
Oct 14, 2025

Resource Minerals International Ltd has issued 13,857,143 fully paid ordinary shares at a price of $0.021 per share. This issuance was conducted without disclosure to investors under specific provisions of the Corporations Act, and the company confirms compliance with relevant legislative requirements, indicating transparency and adherence to regulatory standards.

Resource Minerals International Ltd Issues New Securities on ASX
Oct 14, 2025

Resource Minerals International Ltd has announced the issuance of 13,857,143 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) as of October 14, 2025. This move is part of the company’s strategy to enhance its capital structure and support its ongoing operations, potentially impacting its market positioning and providing opportunities for stakeholders.

RMI Unveils High-Grade Gold and Silver Discoveries in Saudi Arabia
Oct 12, 2025

Resource Minerals International Ltd has announced high-grade gold and silver assay results from its Shaib Marqan and Wadi Salamah projects in Saudi Arabia. The sampling program revealed significant mineralization, with plans for further exploration including a detailed magnetic survey to target drilling. These findings position RMI advantageously in the growing Saudi mining sector, potentially enhancing its market presence and offering promising opportunities for stakeholders.

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.Date of analysis: Dec 30, 2025