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Rumble Resources Limited (AU:RTR)
ASX:RTR
Australian Market

Rumble Resources Limited (RTR) AI Stock Analysis

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AU:RTR

Rumble Resources Limited

(Sydney:RTR)

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Neutral 50 (OpenAI - 5.2)
Rating:50Neutral
Price Target:
AU$0.05
▲(12.50% Upside)
Action:ReiteratedDate:02/28/26
The score is mainly held back by persistent losses and ongoing negative operating/free cash flow, despite a strong low-debt balance sheet. Technicals are moderately supportive with the price above key moving averages, but momentum indicators are mixed, and valuation is constrained by a negative P/E and no dividend data.
Positive Factors
Conservative balance sheet
Very low debt materially reduces refinancing and solvency risk over the medium term, giving management flexibility to time capital raises or pursue farm‑outs without near‑term covenant pressure. This structural strength supports project funding optionality and partner negotiations.
Focused base‑metals strategy
A clear technical focus on zinc/lead/silver in a stable Australian jurisdiction concentrates exploration expertise and permit knowledge, improving odds of meaningful discovery or value accretion. This specialization supports credible farm‑out discussions and targeted capital allocation over months.
Signs of cash‑flow improvement
An improving free cash flow trend indicates progressing capital efficiency and program optimisation. If sustained, this reduces frequency and quantum of future raises, lessening dilution risk and strengthening the company’s ability to advance projects toward partner funding or transaction outcomes.
Negative Factors
Persistent operating losses
Ongoing operating losses erode equity and limit internal funding capacity, keeping the company dependent on external capital and partner deals. Over a multi‑month horizon this weakens financial resilience and constrains the ability to scale exploration cadence without dilution.
Consistent cash burn
Persistent negative operating and free cash flow create continual funding requirements that can force asset sales, dilutive equity raises, or curtailed programs. This structural cash burn elevates execution risk and makes multi‑year project advancement contingent on successful capital access.
Dependence on capital markets
A business model reliant on equity raises and farm‑outs exposes the company to market window risk and dilution. Restricted market access or weak sentiment can delay programs, reduce bargaining power in JV talks, and lengthen timelines to monetisation of discoveries or transactions.

Rumble Resources Limited (RTR) vs. iShares MSCI Australia ETF (EWA)

Rumble Resources Limited Business Overview & Revenue Model

Company DescriptionRumble Resources Limited engages in the acquisition, exploration, and evaluation of base and precious metal projects in Australia. The company explores for zinc, lead, copper, silver, nickel, cobalt, lithium, tantalum, niobium, tin, and gold deposits. The company's flagship project is the Earaheedy project located in Western Australia. Rumble Resources Limited was incorporated in 2011 and is based in West Perth, Australia.
How the Company Makes MoneyRumble Resources Limited generates revenue through the exploration and development of mineral resources. The company's primary revenue streams are derived from the discovery and subsequent sale or joint venture of its mineral projects to larger mining entities. Rumble Resources may also earn income through equity stakes, royalties, or other financial arrangements with partners who invest in or operate the developed mining projects. The company's ability to make money is significantly influenced by its exploration success, commodity prices, and strategic partnerships with other mining companies or investors.

Rumble Resources Limited Financial Statement Overview

Summary
Financials are mixed: the balance sheet is conservatively levered with very low debt (supportive), but the company remains loss-making with negative operating profit and net losses, and cash flow is a key weakness with consistently negative operating and free cash flow (ongoing cash burn).
Income Statement
18
Very Negative
The company remains in a loss-making phase, with negative operating profit and net losses across the full annual history provided. In the latest annual period (2025-06-30), revenue appears but is extremely small relative to the cost base, resulting in very weak profitability (net loss far exceeding revenue) and a sharp decline in revenue versus the prior year. Overall, the trajectory shows persistent operating losses with no clear evidence (in the provided figures) of a sustained move toward profitability.
Balance Sheet
74
Positive
The balance sheet is conservatively levered, with very low debt relative to equity across periods (debt-to-equity consistently near zero), which reduces refinancing and solvency risk. However, shareholder returns are negative (negative return on equity), reflecting ongoing losses and value erosion despite a sizable equity base. In short: strong capital structure, but weakened by continued unprofitable operations.
Cash Flow
28
Negative
Cash generation is a key weakness: operating cash flow and free cash flow are negative in each year shown, indicating ongoing cash burn to fund operations and investment. While free cash flow improved versus the prior year in the latest period, it remains meaningfully negative, and cash flow does not yet demonstrate self-funding capability. This keeps funding dependence elevated despite the low debt load.
BreakdownJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue195.18K0.000.000.000.00
Gross Profit195.18K-157.00K-183.62K-157.87K-44.09K
EBITDA-2.65M-2.91M-4.83M-2.84M-691.20K
Net Income-12.06M-3.75M-5.01M-3.00M-735.28K
Balance Sheet
Total Assets55.08M59.67M54.10M58.07M56.89M
Cash, Cash Equivalents and Short-Term Investments1.89M2.31M4.40M17.91M39.86M
Total Debt287.07K67.03K101.19K185.98K15.72K
Total Liabilities1.52M2.28M3.32M3.56M1.44M
Stockholders Equity53.56M57.39M50.77M54.51M55.45M
Cash Flow
Free Cash Flow-8.35M-12.10M-14.54M-22.23M-6.96M
Operating Cash Flow-4.05M-4.06M-4.91M-410.42K-171.95K
Investing Cash Flow-4.04M-7.69M-9.63M-21.48M-6.79M
Financing Cash Flow7.67M9.89M811.36K131.27K40.43M

Rumble Resources Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.04
Price Trends
50DMA
0.05
Negative
100DMA
0.04
Negative
200DMA
0.04
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
45.00
Neutral
STOCH
23.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RTR, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.05, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.00 is Neutral, neither overbought nor oversold. The STOCH value of 23.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:RTR.

Rumble Resources 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%
54
Neutral
AU$54.17M-2.13-29.24%42.65%
52
Neutral
AU$90.22M-15.76-16.95%76.36%
50
Neutral
AU$59.71M-1.67-20.91%-145.28%
47
Neutral
AU$53.17M-5.83-6.35%59.26%
44
Neutral
AU$25.93M-0.45-0.06%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:RTR
Rumble Resources Limited
0.05
0.01
40.62%
AU:COD
Coda Minerals Ltd
0.15
0.06
81.25%
AU:GEN
Genmin Ltd.
0.01
-0.02
-66.67%
AU:LMG
Latrobe Magnesium Limited
0.02
<0.01
70.00%
AU:SHN
Sunshine Gold Ltd
0.04
0.03
250.00%

Rumble Resources Limited Corporate Events

Rumble Resources Seeks ASX Quotation for 8.8 Million New Shares
Feb 6, 2026

Rumble Resources Limited has applied to the ASX for quotation of 8,794,589 new fully paid ordinary shares (code RTR), which were issued on 5 February 2026. The additional securities, arising from a previously announced transaction, will expand the company’s quoted share capital and may influence liquidity and ownership structure once trading commences.

The most recent analyst rating on (AU:RTR) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Rumble Resources Limited stock, see the AU:RTR Stock Forecast page.

Rumble Resources Takes Full Control of High-Grade Thunderstorm Gold Project
Feb 6, 2026

Rumble Resources has secured full ownership of the Thunderstorm Gold Project in Western Australia’s Fraser Range Province by acquiring the remaining 70% interest in three key exploration licences from former joint venture partner IGO Limited, in exchange for $300,000 worth of Rumble shares and granting IGO a 1.05% net smelter return royalty. The now wholly owned 601km² project, which hosts the Gazelle and Pion gold prospects, has already delivered high-grade palaeochannel and potential basement gold intercepts from wide-spaced aircore drilling, and Rumble plans a heritage survey followed by a 5,000m aircore/slimline RC drilling campaign in 2026 to define and extend mineralisation, underscoring its strategy to build a significant gold portfolio in the region.

The most recent analyst rating on (AU:RTR) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Rumble Resources Limited stock, see the AU:RTR Stock Forecast page.

Rumble Resources Advances High-Grade Western Queen Project with Strong Drilling and Robust Scoping Study
Jan 28, 2026

Rumble Resources has reported a strong December 2025 quarter, highlighted by significant progress at its Western Queen gold-tungsten project, where a 20,000m diamond drilling campaign is targeting high-grade down-plunge extensions at the Western Queen South and Central deposits. The program has already delivered multiple high-grade gold intercepts, including an exceptional 5.8m at 30.72g/t gold beneath historical underground stopes, underpinning efforts to grow and upgrade the existing gold Mineral Resource and convert a larger portion of Inferred resources to the Indicated category. The company also advanced its recently announced maiden tungsten Mineral Resource at Western Queen, where mineralisation remains open along strike and at depth, and commenced detailed metallurgical testwork and reconnaissance to refine processing options and identify further tungsten targets. Complementing the exploration success, an underground mining scoping study for Western Queen South outlined attractive economics, including low predevelopment capital, robust projected cash flows and returns, and the potential to extend mine life, reinforcing the project’s role as a near-term production and cash-flow opportunity for the company.

The most recent analyst rating on (AU:RTR) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Rumble Resources Limited stock, see the AU:RTR Stock Forecast page.

Rumble Resources Updates Director Geoff Jones’s Equity Holdings
Dec 29, 2025

Rumble Resources Limited has disclosed a change in director Geoff Jones’s interests, with the update focused on his holdings in company securities, including unlisted options and ordinary shares. The company issued Jones 1.5 million unlisted options for nil consideration, as previously approved by shareholders at the 2025 annual general meeting, increasing his direct exposure to Rumble’s equity structure and aligning his incentives more closely with shareholder outcomes, though without any immediate cash impact on the company.

Rumble Resources Issues 1.5 Million Unlisted Options to Director Geoff Jones
Dec 23, 2025

Rumble Resources Limited has disclosed a change in director Geoff Jones’s interests in the company’s securities, following shareholder approval at the 28 November 2025 Annual General Meeting. Jones has been issued 1.5 million unlisted options at no cash consideration, split into two tranches of 750,000 options each with exercise prices of $0.058 and $0.077 and expiring on 21 December 2028, while his indirect holding through the Lee-Jones Superannuation Fund remains at 441,358 ordinary shares. The transaction, which occurred outside a closed trading period and required no change to existing contracts, reflects the use of equity-based incentives to align the director’s interests with shareholders and may modestly increase potential future share dilution if the options are exercised.

Rumble Resources Seeks ASX Quotation for 8 Million New Shares
Dec 23, 2025

Rumble Resources Limited has applied to the ASX for quotation of 8 million new fully paid ordinary shares under its ticker RTR, following approvals referenced in its October 28, 2025 AGM notice. The additional securities, issued on 22 December 2025, will expand the company’s quoted share base, potentially affecting liquidity and ownership structure for existing and prospective investors.

Rumble Resources Grants 10 Million Unlisted Options Under Employee Incentive Scheme
Dec 23, 2025

Rumble Resources Limited has issued 10 million unlisted options under an employee incentive scheme, split evenly between options exercisable at $0.058 and $0.077, each with a three-year expiry from the date of issue on 22 December 2025. The move, which involves unquoted securities that will not be listed on the ASX, is designed to align staff and key contributors with shareholder interests and support the company’s ability to attract and retain talent as it advances its resource exploration activities.

Rumble Resources Advances Drilling and Development at Western Queen Gold-Tungsten Project
Dec 21, 2025

Rumble Resources has advanced a diamond drilling campaign of up to 20,000 metres at its Western Queen Gold Project, with 25 holes completed so far and early results confirming intersections of the predicted sheared silica-sulphide zones that host gold and tungsten. While assays are still pending, the company has released a scoping study for an underground operation at Western Queen South that indicates a robust, potentially highly profitable mine, is negotiating a toll milling agreement with the nearby Kirkalocka processing plant, and is conducting tungsten metallurgical testwork to optimise recoveries and support a future co-product revenue stream, underscoring its drive to expand resources and fast-track the project toward production.

Rumble Resources Announces Director’s Change in Securities Holdings
Dec 16, 2025

Rumble Resources Limited announced a change in the director’s interest, specifically involving Mr. Geoff Jones. The change pertains to the expiration of 750,000 unlisted options at an exercise price of $0.58, resulting in Mr. Jones holding 441,358 ordinary shares indirectly through the Lee-Jones Superannuation Fund. This update reflects a routine adjustment in the director’s securities holdings and is unlikely to have a significant impact on the company’s operations or market positioning.

Rumble Resources Announces Cessation of Securities
Dec 16, 2025

Rumble Resources Limited announced the cessation of certain securities, specifically options that expired without exercise or conversion on December 13, 2025. This development may impact the company’s capital structure and could have implications for its financial strategy and stakeholder interests.

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: Feb 28, 2026