Resource Mining Corporation Limited (AU:RMI)
ASX:RMI
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Resource Mining Corporation Limited
(Sydney:RMI)
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Rating:47Neutral
Price Target:
AU$0.03
▲(10.00% Upside)
Action:UpgradedDate:12/30/25
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
Low Leverage / Capitalization
Very low debt and materially stronger equity/assets reduce solvency and refinancing risk. This durable balance-sheet strength gives the company flexibility to fund near-term operations or selective investments over the next 2–6 months without immediate pressure from lenders, supporting strategic resilience.
Negative Factors
Ongoing Loss-Making
Continued annual losses erode retained capital and limit internal funding for growth. Persistent negative profitability constrains reinvestment, weakens return metrics, and increases the need for external capital, posing a structural challenge to achieving sustained, self-funded expansion over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Capitalization
Very low debt and materially stronger equity/assets reduce solvency and refinancing risk. This durable balance-sheet strength gives the company flexibility to fund near-term operations or selective investments over the next 2–6 months without immediate pressure from lenders, supporting strategic resilience.
Read all positive factors
Resource Mining Corporation Limited (RMI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$28.97M
Dividend YieldN/A
Average Volume (3M)1.33M
Price to Earnings (P/E)―
Beta (1Y)2.92
Revenue GrowthN/A
EPS Growth55.56%
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% | |
47 Neutral | AU$28.97M | -5.03 | -18.09% | ― | ― | 55.56% | |
47 Neutral | AU$15.53M | -8.89 | -5.47% | ― | ― | ― | |
46 Neutral | AU$35.77M | -4.34 | -19.53% | ― | ― | 3.79% | |
44 Neutral | AU$12.35M | -4.17 | 99.38% | ― | ― | 93.44% | |
41 Neutral | AU$13.91M | -6.14 | -13.47% | ― | ― | ― |
* Basic Materials Sector Average
AU:RMI
Resource Mining Corporation Limited
0.03
0.02
209.09%
AU:AMU
GTI Resources Ltd
0.15
0.02
20.83%
AU:AKO
Akora Resources Ltd.
0.08
-0.01
-12.09%
AU:RWD
Reward Minerals Limited
0.05
-0.02
-26.23%
AU:AR3
Australian Rare Earths Limited
0.14
0.07
94.44%
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.
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