Red Mountain Mining Ltd (AU:RMX)
ASX:RMX
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Red Mountain Mining Ltd
(Sydney:RMX)
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Rating:42Neutral
Price Target:
AU$0.02
▲(0.00% Upside)
Action:ReiteratedDate:03/24/26
Overall score is weighed down primarily by weak financial performance (minimal revenue, ongoing losses, and negative free cash flow with equity erosion) and bearish technical signals (price below key moving averages and negative MACD). Valuation provides limited support because the company is loss-making (negative P/E) and no dividend yield data is available.
Positive Factors
Modest leverage
Debt-to-equity near 0.19 indicates relatively low financial leverage versus typical mining peers. This structurally reduces near-term solvency risk and interest burden, giving management more runway to fund exploration or development without excessive fixed-cost pressure.
Negative Factors
Minimal revenue & persistent losses
Revenue remains immaterial relative to operating costs and the company reports recurring net losses, indicating the business is not self-funding. Over a durable horizon this constrains reinvestment, makes profitability distant, and increases reliance on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Modest leverage
Debt-to-equity near 0.19 indicates relatively low financial leverage versus typical mining peers. This structurally reduces near-term solvency risk and interest burden, giving management more runway to fund exploration or development without excessive fixed-cost pressure.
Read all positive factors
Red Mountain Mining Ltd (RMX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$19.95M
Dividend YieldN/A
Average Volume (3M)38.33M
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue GrowthN/A
EPS Growth40.82%
CountryAU
Employees40
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding949,896,400
10 Day Avg. Volume37,534,253
30 Day Avg. Volume38,332,570
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.06
Price to Sales (P/S)188.48
P/FCF Ratio-4.17
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
Red Mountain Mining Ltd Business Overview & Revenue Model
Company Description
Red Mountain Mining Limited explores for and develops mineral properties in Australia. It holds interests in the Mt Maitland gold project covering an area of 62 square kilometers located to the north of Meekatharra in the Murchison Goldfield, West...
How the Company Makes Money
null...
Red Mountain Mining Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 22.62K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -87.50K | 22.62K | -84.62K | -88.05K | -147.47K | -147.47K |
| EBITDA | -2.85M | -1.67M | -2.66M | -4.30M | -1.30M | -1.53M |
| Net Income | -3.83M | -2.56M | -2.76M | -4.40M | -1.45M | -1.68M |
Balance Sheet | ||||||
| Total Assets | 4.90M | 2.15M | 2.50M | 3.29M | 4.72M | 3.87M |
| Cash, Cash Equivalents and Short-Term Investments | 2.18M | 274.46K | 479.75K | 1.03M | 1.66M | 1.87M |
| Total Debt | 72.60K | 268.47K | 107.15K | 196.83K | 29.49K | 679.24K |
| Total Liabilities | 431.39K | 755.33K | 218.18K | 497.40K | 165.28K | 1.05M |
| Stockholders Equity | 4.47M | 1.39M | 2.28M | 2.79M | 4.56M | 2.81M |
Cash Flow | ||||||
| Free Cash Flow | -1.52M | -1.02M | -2.47M | -2.19M | -2.31M | -2.37M |
| Operating Cash Flow | -1.52M | -1.02M | -1.01M | -1.05M | -1.17M | -1.24M |
| Investing Cash Flow | -673.75K | -523.81K | -1.46M | -1.20M | -1.14M | -778.62K |
| Financing Cash Flow | 4.22M | 1.39M | 1.92M | 1.57M | 2.23M | 2.31M |
Red Mountain Mining Ltd 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% | |
46 Neutral | AU$19.21M | -2.09 | -58.76% | ― | ― | 77.62% | |
46 Neutral | AU$3.70M | -2.74 | -58.04% | ― | -100.00% | -635.94% | |
46 Neutral | AU$45.59M | -2.79 | -28.97% | ― | ― | 5.93% | |
46 Neutral | AU$12.34M | -1.33 | -50.11% | ― | ― | 3.65% | |
45 Neutral | AU$31.76M | -8.42 | -6.35% | ― | ― | 42.72% | |
42 Neutral | AU$19.95M | -1.45 | -130.68% | ― | ― | 40.82% |
* Basic Materials Sector Average
AU:RMX
Red Mountain Mining Ltd
0.02
0.01
110.00%
AU:PRX
Prodigy Gold NL
0.06
<0.01
7.55%
AU:A8G
Australasian Metals Limited
0.06
>-0.01
-3.03%
AU:SFM
Santa Fe Minerals Ltd.
0.28
0.24
600.00%
AU:TMB
Tambourah Metals Ltd
0.05
0.02
63.33%
AU:MRZ
Mont Royal Resources Ltd.
0.17
-0.02
-13.16%
Red Mountain Mining Ltd Corporate Events
Red Mountain to Restart U.S. Antimony Exploration as Critical Minerals Support Grows
Apr 8, 2026
Red Mountain Mining plans to restart exploration at its U.S. antimony portfolio as winter conditions ease, beginning with systematic geological mapping and surface sampling at the Thompson Falls project on the Montana-Idaho border. Initial rock ch...
Red Mountain Defines Multiple High-Priority Antimony Drill Targets at Armidale
Mar 29, 2026
Red Mountain Mining has reported final auger soil assay results from its 100%-owned Armidale Antimony-Gold Project in New South Wales, defining five high-priority orogenic antimony drill targets at the Oaky Creek prospect. The program has outlined...
Red Mountain Mining Issues Interim Half-Year Financial Report
Mar 15, 2026
Red Mountain Mining has released its interim financial report for the half-year ended 31 December 2025, prepared under AASB 134 Interim Financial Reporting. The report, which forms part of the company’s ongoing compliance with Australian cor...
Red Mountain Unveils High-Grade Antimony and Gold Results at Thompson Falls
Mar 1, 2026
Red Mountain Mining has reported outstanding new assay results from the historical Eastern Star silver-lead mine within its Thompson Falls Antimony Project on the Montana-Idaho border, highlighting consistently high-grade antimony and anomalous go...
Red Mountain Mining Advances High-Grade US Antimony Portfolio in Tier-1 Districts
Feb 24, 2026
Red Mountain Mining is advancing its United States critical minerals portfolio, concentrating on high-grade antimony projects in Montana, Utah and Idaho that sit near existing processing infrastructure and established mining districts. By building...
Red Mountain Mining Secures High-Grade Thompson Falls Antimony Project Near Sole US Smelter
Feb 5, 2026
Red Mountain Mining has acquired the Thompson Falls Antimony Project on the Montana–Idaho border, just 4.2 km from United States Antimony Corporation’s operations and the only antimony smelter in the US. Initial fieldwork has already i...
Red Mountain Mining Halts Trading Ahead of Major US Critical Minerals Move
Feb 3, 2026
Red Mountain Mining has requested and been granted a trading halt in its securities on the ASX while it prepares a market announcement regarding a significant addition to its US critical minerals portfolio. The halt will remain in place until eith...
Red Mountain Mining Grants Incentive Performance Options to Director Lincoln Liu
Feb 3, 2026
Red Mountain Mining Ltd has disclosed a change in director Lincoln Liu’s interests, following the issuance of new incentive performance options that were approved at a general meeting on 3 February 2026. Liu, who previously held a mix of dir...
Red Mountain Mining Issues Over 115 Million New Performance Options
Feb 3, 2026
Red Mountain Mining Limited has notified the market of a substantial issue of new unquoted equity securities in the form of performance options. The company is creating three new classes of unquoted Class A, B and C Performance Options, with a tot...
Red Mountain Mining Issues 26 Million Unquoted Options Expiring in 2028
Feb 3, 2026
Red Mountain Mining Limited has notified the market that it will issue 25,961,538 unquoted options, each exercisable at A$0.05 and expiring on 31 December 2028. The new options, which are part of a previously announced transaction and are not inte...
Red Mountain Shareholders Back Capital Raisings and Performance Options at EGM
Feb 3, 2026
Red Mountain Mining has reported that all resolutions put to shareholders at its 3 February 2026 extraordinary general meeting were passed by poll, confirming strong investor support for recent capital raisings and incentive structures. Shareholde...
Red Mountain Ramps Up Exploration at High-Grade Oaky Creek Antimony Prospect
Feb 1, 2026
Red Mountain Mining has launched an expanded auger soil sampling program at the Oaky Creek high‑grade antimony prospect within its Armidale Antimony-Gold Project in New South Wales, aiming to systematically test the full ~3km strike length o...
Red Mountain Expands Utah Antimony Footprint After Positive Fieldwork Results
Jan 30, 2026
Red Mountain Mining reported strong progress for the quarter ended 31 December 2025, driven by momentum at its Utah Antimony Project in the historic Antimony Mining District in Utah, USA. The company completed initial fieldwork that confirmed pros...
Red Mountain Uncovers High-Grade Antimony at Oaky Creek, Flags Large-Scale Orogenic Potential
Jan 14, 2026
Red Mountain Mining has reported spectacular high-grade antimony rock chip results from its Oaky Creek prospect within the Armidale antimony-gold project in New South Wales, with assays returning up to 34.3% Sb and 11 out of 13 samples from the Oa...
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
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