R3D Resources Limited (AU:TAT)
ASX:TAT
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R3D Resources Limited
(Sydney:TAT)
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Rating:43Neutral
Price Target:
AU$0.02
▼(-52.50% Downside)
Action:Reiterated
Date:04/23/26
The score is primarily weighed down by weak financial performance: despite a strong revenue rebound, losses persist and cash flow remains negative, with rising leverage increasing risk. Technical signals are also soft with the price below major moving averages and a negative MACD. Valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Revenue Growth Momentum
A 63% revenue rebound in FY2025 shows the company can scale sales and regain market traction. Sustained top-line growth improves capacity to absorb fixed costs and supports longer-term pathway to profitability if cost structure and gross margins are stabilized over the next several quarters.
Negative Factors
Persistent Net Losses
Repeated net losses (~A$2.6M across consecutive years) signal the company has not yet achieved profitable operations. Persistent negative earnings erode retained equity, constrain reinvestment, and mean the business remains dependent on external capital unless margins materially improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
A 63% revenue rebound in FY2025 shows the company can scale sales and regain market traction. Sustained top-line growth improves capacity to absorb fixed costs and supports longer-term pathway to profitability if cost structure and gross margins are stabilized over the next several quarters.
Read all positive factors
R3D Resources Limited (TAT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.82M
Dividend YieldN/A
Average Volume (3M)35.85K
Price to Earnings (P/E)―
Beta (1Y)-0.02
Revenue Growth12.64%
EPS Growth-9.66%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.02
Shares Outstanding391,146,120
10 Day Avg. Volume77,254
30 Day Avg. Volume35,853
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)2.06
Price to Sales (P/S)2.92
P/FCF Ratio-6.48
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
R3D Resources Limited Business Overview & Revenue Model
Company Description
Tartana Minerals Limited, together with its subsidiaries, engages in the exploration and development of mineral projects in Australia. The company explores for copper, zinc, gold, silver, lead, antimony, tin, and tungsten deposits, as well as rare...
How the Company Makes Money
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R3D Resources Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
46
Neutral
Cash Flow
28
Negative
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2022 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.40M | 1.76M | 8.80M | 10.49M | 196.50K |
| Gross Profit | -48.06K | 113.22K | 2.12M | 29.19K | 196.50K |
| EBITDA | -1.31M | -1.84M | -970.53K | -5.97M | -912.67K |
| Net Income | -2.62M | -2.59M | -1.43M | -6.35M | -885.15K |
Balance Sheet | |||||
| Total Assets | 12.36M | 12.44M | 14.30M | 11.28M | 178.69K |
| Cash, Cash Equivalents and Short-Term Investments | 143.60K | 123.20K | 125.80K | 1.15M | 49.05K |
| Total Debt | 3.26M | 1.77M | 2.09M | 715.11K | 835.68K |
| Total Liabilities | 7.54M | 6.50M | 7.49M | 4.30M | 1.25M |
| Stockholders Equity | 4.82M | 5.94M | 6.80M | 6.98M | -891.89K |
Cash Flow | |||||
| Free Cash Flow | -1.53M | -1.17M | -2.48M | -4.49M | -664.22K |
| Operating Cash Flow | -1.38M | 0.00 | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -413.73K | -918.76K | -2.64M | -2.52M | 18.97K |
| Financing Cash Flow | 1.82M | 1.40M | 1.97M | 5.75M | 558.10K |
R3D Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
AU:TAT
R3D Resources Limited
0.02
-0.02
-55.56%
DE:3290
Cradle Resources Limited
―
―
―
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OAR Resources Ltd
0.03
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200.00%
AU:AM5
NickelSearch Ltd.
0.01
0.00
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Armada Metals Ltd.
0.04
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AU:LAT
DiscovEx Resources Limited
0.14
0.10
268.42%
R3D Resources Limited Corporate Events
Tartana Minerals completes $4.5m placement and confirms compliance
May 28, 2026
Tartana Minerals Limited has completed a $4.5 million capital raising, issuing 36,666,664 fully paid ordinary shares on 28 May 2026 to secure $1.01 million in the final tranche of a placement first launched in February 2025. The issue included 18,...
Tartana Minerals Issues 55.8 Million Unquoted Options in Capital Management Move
May 28, 2026
Tartana Minerals has issued 55,833,332 unquoted options with an exercise price of $0.055, expiring on April 28, 2029, as notified in an Appendix 3G filing. The options, which are not intended to be quoted on the ASX, form part of previously announ...
Tartana Minerals Tightens Disclosure in Amended Corporate Presentation
May 12, 2026
Tartana Minerals Limited has released an amended corporate presentation, originally dated 23 April 2026, after revising key disclosure elements. The company has updated its competent persons statement, improved cross-referencing to prior disclosur...
Tartana Minerals lifts copper sulphate capacity and launches largest drilling campaign
Apr 30, 2026
Tartana Minerals reported progress in the March quarter on upgrading its Far North Queensland copper sulphate pentahydrate operations and expanding exploration. The company is installing a modern chiller system at its solvent extraction–crys...
Tartana Minerals confirms new share and option issues, pending placement funds and upcoming quarterly report
Apr 28, 2026
Tartana Minerals Limited has issued 20,500,004 fully paid ordinary shares and 73,916,677 options exercisable at $0.055 each, with the options expiring in April 2029, as part of a capital raising approved by shareholders in March 2026. The company ...
Tartana Minerals Confirms Total Issue of 61.2 Million Unquoted Options
Apr 28, 2026
Tartana Minerals Limited has updated its disclosure to confirm the issuance of a total of 61,166,677 unquoted options, comprising 56,666,677 options plus an additional 4,500,000 options, all in the same class. The clarification of the aggregate op...
Tartana Directors Update Interests Following Capital Raisings
Apr 28, 2026
Tartana Minerals Limited, an Australian explorer and project developer, focuses on critical and strategic metals such as silver, copper, gold, antimony, zinc and tin in the Chillagoe region of Far North Queensland. The company also produces copper...
Tartana Minerals Issues 12.75 Million Unquoted Options Expiring 2029
Apr 28, 2026
Tartana Minerals Limited, an ASX-listed mining and minerals exploration company, focuses on developing resource projects within the Australian resources sector. Its activities centre on identifying and progressing mineral assets to enhance its por...
Tartana Minerals Issues 61.7 Million Unquoted Options Expiring 2029
Apr 28, 2026
Tartana Minerals Limited has notified the market of the issue of 61,666,667 unquoted options, each exercisable at A$0.055 and expiring on 28 April 2029, which were issued on 28 April 2026. These options, previously flagged in an Appendix 3B and no...
Tartana Minerals Seeks Quotation of 20.5 Million New Shares on ASX
Apr 24, 2026
Tartana Minerals Limited, trading on the ASX under the code TAT, operates in the minerals and resources sector. The company is listed in Australia and holds an Australian Business Number (ABN 53 111 398 040), positioning it within the country̵...
Tartana Minerals Showcases Exploration and Production Strategy at ‘The Hole Story’ Event
Apr 23, 2026
Tartana Minerals Limited announced its participation in the Resources Roadhouse event ‘The Hole Story’, where Managing Director Stephen Bartrop will present the company’s activities and portfolio to attendees. The presentation un...
Tartana Minerals Completes Premium-Priced Director Placement and Prepares Further Capital Raising
Apr 20, 2026
Tartana Minerals has completed a $0.275 million placement to its directors at $0.05 per share, representing a 72% premium to the last closing price, resulting in the issue of 5,500,000 new shares. The company will also issue options on a one-for-t...
Tartana Minerals Seeks ASX Quotation for 5.5 Million New Shares
Apr 20, 2026
Tartana Minerals Limited has applied for quotation on the ASX of 5,500,000 new ordinary fully paid shares under the code TAT, with an issue date of 21 April 2026. The additional securities, issued as part of previously announced transactions, will...
Tartana Minerals Nears Copper Sulphate Restart After Heap Restack and Plant Upgrade
Apr 20, 2026
Tartana Minerals has completed a restacking program on its lower heap leach pad, excavating and placing about 50,000 tonnes of higher-grade copper-mineralised pit fill identified through process optimisation work. This not only boosts immediate co...
Tartana Minerals Director Lifts Stake via Share Placement
Apr 16, 2026
Tartana Minerals director Sonny Didugu has increased his indirect stake in the company through SCKLD Investments Pty Ltd, acquiring 666,667 fully paid ordinary shares for $20,000.01 at $0.03 per share. The move lifts his holding to 866,667 shares ...
Tartana Minerals Raises $1.81m in Partial Completion of Placement
Apr 9, 2026
Tartana Minerals Limited has issued 60,486,419 fully paid ordinary shares, raising about $1.81 million before costs as a partial completion of the second tranche of its February 2026 placement. A further approximately $1.71 million is scheduled to...
Tartana Minerals Seeks ASX Quotation for Over 60 Million New Shares
Apr 9, 2026
Tartana Minerals Limited has applied for the quotation of 60,486,419 ordinary fully paid shares on the ASX, with an issue date of 9 April 2026. The move formalises the listing of these securities, potentially increasing the company’s free fl...
Tartana Minerals Wins Shareholder Backing for Capital Raisings at Extraordinary Meeting
Mar 31, 2026
Tartana Minerals Limited reported that all resolutions put to shareholders at its Extraordinary General Meeting on 31 March 2026 were decided by poll and passed with strong majorities. The resolutions largely related to ratifying and approving Dec...
Tartana Minerals to Live-Stream Managing Director’s EGM Presentation
Mar 31, 2026
Tartana Minerals Limited has announced that its Managing Director will deliver a presentation at the company’s Extraordinary General Meeting scheduled for 1:00 pm AEDT on 31 March 2026 in McMahons Point, Sydney. The meeting will be live-stre...
Tartana Minerals to Live-Stream March Extraordinary General Meeting
Mar 17, 2026
Tartana Minerals Limited will hold an Extraordinary General Meeting on 31 March 2026 at its McMahons Point, Sydney office, and has arranged for the event to be live-streamed via Zoom for remote participants. Online attendees will be able to watch ...
Tartana Minerals clarifies structure and approvals for $2.85m in convertible notes
Mar 17, 2026
Tartana Minerals Limited has clarified the status and structure of its convertible notes on issue, following shareholder approvals granted at its 2025 Annual General Meeting. The company confirmed that three classes of notes – 2025A, 2025B a...
Tartana Minerals Releases Interim Half-Year Financial Report for 2025
Mar 16, 2026
Tartana Minerals Limited has released its interim financial report for the half-year ended 31 December 2025, providing shareholders with an overview of the company’s financial performance and position. The report includes directors’ co...
Tartana Minerals launches plant upgrade to boost copper sulphate output
Mar 3, 2026
Tartana Minerals has begun a targeted upgrade of its copper sulphate pentahydrate plant, funded from a recent $4.5 million placement, to lift production capacity and improve reliability at its Tartana Mining Leases. The A$0.435 million program, ce...
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.