Reach Resources Limited (AU:RR1)
ASX:RR1
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Reach Resources Limited
(Sydney:RR1)
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Rating:45Neutral
Price Target:
AU$0.01
▲(10.00% Upside)
Action:ReiteratedDate:03/06/26
The score is held down primarily by weak and inconsistent financial performance—especially recurring losses and persistently negative operating/free cash flow—despite a low-debt, improved equity balance sheet. Technicals are mixed with subdued momentum, and valuation is challenged by a negative P/E and no dividend yield data.
Positive Factors
Conservative balance sheet (zero debt)
Zero reported debt across 2024–2025 and a materially larger equity base provide durable financial flexibility for an exploration company. This reduces solvency risk, supports funding of near-term programs or JV talks, and preserves optionality during multi‑period project evaluation.
Negative Factors
Persistent negative operating and free cash flow
Consistent negative operating and free cash flow across 2020–2025 indicates the business cannot self‑fund exploration or development. That structural cash burn forces continual external financing, raising dilution and execution risk and constraining multi‑year programme continuity.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet (zero debt)
Zero reported debt across 2024–2025 and a materially larger equity base provide durable financial flexibility for an exploration company. This reduces solvency risk, supports funding of near-term programs or JV talks, and preserves optionality during multi‑period project evaluation.
Read all positive factors
Reach Resources Limited (RR1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.87M
Dividend YieldN/A
Average Volume (3M)2.77M
Price to Earnings (P/E)―
Beta (1Y)2.08
Revenue GrowthN/A
EPS Growth-136.67%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding874,431,340
10 Day Avg. Volume2,774,501
30 Day Avg. Volume2,767,016
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.50
Price to Sales (P/S)0.00
P/FCF Ratio-2.55
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
Reach Resources Limited Business Overview & Revenue Model
Company Description
Reach Resources Limited engages in the exploration and evaluation of mineral resource projects in Australia. The company primarily explores for gold, as well as for nickel, cobalt, copper, and base metals. It holds interests in the Primrose gold p...
How the Company Makes Money
Reach Resources Limited’s revenue model is not reliably available from the information provided here. null...
Reach Resources Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
66
Positive
Cash Flow
18
Very Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 3.20M | 0.00 | 100.00K | 29.65K |
| Gross Profit | -11.98K | 3.20M | 0.00 | 100.00K | 29.65K |
| EBITDA | -1.15M | 1.92M | -943.87K | -451.49K | -323.00K |
| Net Income | -950.30K | 1.94M | -2.66M | -451.00K | -343.00K |
Balance Sheet | |||||
| Total Assets | 14.23M | 15.02M | 6.55M | 6.08M | 3.95M |
| Cash, Cash Equivalents and Short-Term Investments | 3.27M | 6.01M | 1.23M | 1.13M | 2.04M |
| Total Debt | 0.00 | 0.00 | 450.00K | 450.00K | 450.00K |
| Total Liabilities | 249.15K | 338.86K | 524.55K | 555.45K | 489.65K |
| Stockholders Equity | 13.98M | 14.69M | 6.03M | 5.53M | 3.46M |
Cash Flow | |||||
| Free Cash Flow | -2.74M | -4.77M | -1.61M | -1.34M | -934.79K |
| Operating Cash Flow | -786.07K | -950.79K | -867.37K | -489.48K | -728.89K |
| Investing Cash Flow | -1.95M | -617.16K | -881.34K | -2.62M | 154.43K |
| Financing Cash Flow | -4.17K | 6.35M | 1.84M | 2.21M | 2.46M |
Reach Resources 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% | |
46 Neutral | AU$33.93M | -1.54 | -46.73% | ― | ― | 14.81% | |
45 Neutral | AU$7.87M | -4.07 | -7.09% | ― | ― | -136.67% | |
45 Neutral | AU$8.49M | -0.53 | -396.83% | ― | -100.00% | 36.11% | |
40 Underperform | AU$44.63M | -8.77 | -32.90% | ― | ― | 42.86% |
* Basic Materials Sector Average
AU:RR1
Reach Resources Limited
0.01
<0.01
10.00%
AU:VKA
Viking Mines Limited
0.01
<0.01
40.00%
AU:FAU
First AU Ltd.
0.01
<0.01
30.00%
AU:KTA
Krakatoa Resources Ltd.
0.01
0.00
0.00%
Reach Resources Limited Corporate Events
Reach Resources Launches $3.15m Entitlement Offer to Fund Murchison Gold Push
Mar 25, 2026
Reach Resources Limited has launched a non-renounceable pro-rata entitlement offer to raise up to approximately $3.15 million, issuing two new shares for every five held at $0.009 per share to eligible shareholders in Australia, New Zealand and Si...
Reach Resources plans major pro rata share issue to expand equity base
Mar 25, 2026
Reach Resources Limited has announced a proposed non-renounceable pro rata issue of up to 349,772,540 new fully paid ordinary shares. The offer, structured as a standard entitlement issue to existing shareholders, is scheduled around a record date...
Reach Resources launches $3.15 million entitlement offer under highly speculative prospectus
Mar 25, 2026
Reach Resources Limited has released a transaction-specific prospectus detailing a pro-rata non-renounceable entitlement offer of two new shares for every five held at an issue price of $0.009, aiming to raise up to $3.15 million based on its curr...
Reach Resources releases interim half-year financial report
Mar 11, 2026
Reach Resources Ltd has released its interim financial report for the half-year ended 31 December 2025, covering the parent company and its controlled entities. The report includes the directors’ report, consolidated profit or loss and compr...
Reach Resources flags high‑grade rock chips and expansion potential at Murchison South
Mar 10, 2026
Reach Resources has reported high‑grade rock chip assay results from an exploratory sampling program at its Murchison South Gold Project in Western Australia, including grades up to 31 grams per tonne gold outside the current mineral resourc...
Reach Resources drills high-grade extensions at Murchison South gold project
Mar 4, 2026
Reach Resources has reported strong assay results from a 48-hole reverse circulation drilling campaign at its Blue Heaven deposit within the Murchison South Gold Project in Western Australia. The program, completed in December 2025, targeted both ...
Reach Resources Metallurgy Boosts Toll Milling Case for Murchison South Gold
Feb 9, 2026
Reach Resources has reported strong initial metallurgical testwork from its Murchison South Gold Project, showing the ore is free-milling, relatively soft and amenable to conventional gravity and cyanide leach processing with high gold recoveries ...
Reach Resources Secures Second Mining Lease to Expand Murchison South Gold Project
Jan 19, 2026
Reach Resources has secured a second mining lease, M59/786, at its Murchison South Gold Project, consolidating the East Daffodil gold deposit with the existing Pansy Pit lease and adjacent historic Daffodil open pit. The new tenure strengthens the...
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.