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Redcastle Resources Limited
(Sydney:RC1)
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Rating:41Neutral
Price Target:
AU$0.10
▲(6.67% Upside)
Action:Reiterated
Date:06/27/26
Redcastle Resources receives a low overall score of 41, reflecting its precarious financial position as a pre-revenue company with high cash burn and dependence on equity financing. The technical picture is bearish, though oversold conditions could provide short-term support. Valuation is not compelling given the lack of profitability. While the debt-free balance sheet offers some stability, the stock remains highly speculative.
Positive Factors
Net-cash-like balance sheet
No reported debt and a net-cash-like profile reduce financial leverage and lower insolvency risk. This durable cushion gives management flexibility to fund exploration programs and meet obligations without immediate borrowing, supporting continuity over the next months.
Negative Factors
No revenue and persistent losses
Zero reported revenue means there is no established operating income stream to support margins or cover costs. Persistent net losses show management has not converted activity into profits, increasing reliance on external funding and raising medium‑term viability risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Net-cash-like balance sheet
No reported debt and a net-cash-like profile reduce financial leverage and lower insolvency risk. This durable cushion gives management flexibility to fund exploration programs and meet obligations without immediate borrowing, supporting continuity over the next months.
Read all positive factors
Redcastle Resources Limited (RC1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$12.27M
Dividend YieldN/A
Average Volume (3M)96.15K
Price to Earnings (P/E)―
Beta (1Y)3.41
Revenue GrowthN/A
EPS Growth25.99%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.01
Shares Outstanding134,835,280
10 Day Avg. Volume149,384
30 Day Avg. Volume96,154
Financial Highlights & Ratios
PEG Ratio-7.56
Price to Book (P/B)8.18
Price to Sales (P/S)0.00
P/FCF Ratio-13.99
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
Redcastle Resources Limited Business Overview & Revenue Model
Company Description
Redcastle Resources Limited is an Australian enterprise, engaged in the exploration of gold and other mineral resources, operating either directly or via its subsidiary. The company fully owns the Redcastle Gold Project, a venture spanning 1,088 h...
How the Company Makes Money
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Redcastle Resources Limited Financial Statement Overview
Summary
Income Statement
10
Very Negative
Balance Sheet
50
Neutral
Cash Flow
5
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.14M | -1.11M | -43.91K | -618.05K | -1.18M | -333.12K |
| Net Income | -1.14M | -1.07M | -570.00K | -618.00K | -1.17M | -332.58K |
Balance Sheet | ||||||
| Total Assets | 8.96M | 6.04M | 3.98M | 4.10M | 4.73M | 506.78K |
| Cash, Cash Equivalents and Short-Term Investments | 1.12M | 750.50K | 910.48K | 2.04M | 3.22M | 492.49K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 195.60K | 142.76K | 492.43K | 49.44K | 60.01K | 97.61K |
| Stockholders Equity | 8.76M | 5.89M | 3.49M | 4.06M | 4.67M | 409.17K |
Cash Flow | ||||||
| Free Cash Flow | -905.33K | -3.45M | -1.13M | -601.35K | -580.60K | -254.00 |
| Operating Cash Flow | -903.87K | -1.32M | -151.35K | -583.00 | -1.00K | -254.48K |
| Investing Cash Flow | -3.90M | -2.13M | -977.88K | -600.76K | -579.60K | 0.00 |
| Financing Cash Flow | 3.80M | 3.29M | 0.00 | 0.00 | 4.31M | 0.00 |
Redcastle Resources Limited Technical Analysis
Negative
0.09
Price Trends
Market Momentum
>-0.01
Positive
35.20
Neutral
26.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RC1, the sentiment is Negative. The current price of 0.09 is below the 20-day moving average (MA) of 0.09, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 35.20 is Neutral, neither overbought nor oversold. The STOCH value of 26.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:RC1.
Redcastle 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% | |
52 Neutral | AU$28.97M | -9.64 | -18.57% | ― | 12.29% | 55.78% | |
47 Neutral | AU$793.58M | 446.10 | 0.90% | ― | -9.02% | ― | |
46 Neutral | AU$11.77M | -15.00 | -22.87% | ― | 22.37% | 73.68% | |
42 Neutral | AU$22.92M | -9.66 | 67.50% | ― | -23.57% | -38.10% | |
41 Neutral | AU$12.27M | -7.14 | -15.51% | ― | ― | 25.99% | |
37 Underperform | AU$1.42M | -2.88 | -78.34% | ― | -17.15% | -32.50% |
* Basic Materials Sector Average
AU:RC1
Redcastle Resources Limited
0.09
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Redcastle Resources Limited Corporate Events
Redcastle Moves Into Active Mining, Secures Funding and Growth Options in Eastern Goldfields
Jul 29, 2026
Redcastle Resources has transitioned from preparation to active mining in the June quarter, commencing continuous ore extraction at Redcastle Reef after securing key regulatory approvals and haulage licences. Ore is being stockpiled for third-part...
Redcastle faces processing disruption as Wiluna plant halts after CIL tank rupture
Jul 28, 2026
Redcastle Resources has reported that processing operations at the Wiluna Gold Mine plant, where ore from its Redcastle–BML Ventures Joint Venture is scheduled to be treated, have been temporarily suspended. The company is awaiting further d...
Redcastle assays confirm shallow high-grade gold at Queen Alexandra pit
Jul 12, 2026
Redcastle Resources has reported initial grade-control assay results from its 8,810m reverse circulation drilling program at the Queen Alexandra open pit, about 700m west of the Redcastle Reef mine. The results confirm shallow, high-grade gold min...
Redcastle Advances Capital-Light Gold Mining at Redcastle Reef and Queen Alexandra
Jul 5, 2026
Redcastle Resources has reported strong progress at its Redcastle Reef and Queen Alexandra gold deposits, where open-pit mining is underway under a joint venture with BML Ventures. The capital-light structure sees BML funding all mining and workin...
Redcastle Resources Calls August General Meeting, Moves to Online Voting
Jul 3, 2026
Redcastle Resources Limited has called a General Meeting of shareholders to be held in Subiaco, Western Australia, on 6 August 2026 at 10:30 a.m. AWST. The meeting notice and personalised proxy forms are being made available primarily through onli...
Redcastle Resources Calls Shareholder Vote on Placements and Director Incentives
Jul 3, 2026
Redcastle Resources Limited has called a general meeting for 6 August 2026 in Subiaco, Western Australia, to seek shareholder approvals on a series of capital management resolutions. Shareholders registered by the record date will be asked to rati...
Redcastle Resources Confirms Compliance on New Share Issue
May 28, 2026
Redcastle Resources has notified investors that it recently issued new shares, relying on a disclosure exemption under Section 708A(5) of the Corporations Act. The company submitted the relevant filing to the ASX on 28 May 2026 and confirmed the i...
Redcastle Resources Seeks ASX Quotation for Nearly 14 Million New Shares
May 28, 2026
Redcastle Resources Limited has lodged an application with the ASX for the quotation of 13,964,285 new fully paid ordinary shares under its RC1 ticker. The shares, issued on May 28, 2026, expand the company’s quoted capital base and may prov...
Redcastle Resources Begins Capital-Light Mining at Redcastle Reef
May 26, 2026
Redcastle Resources has commenced continuous open-pit mining at the Redcastle Reef gold deposit in Western Australia, marking its transition from a pure explorer to a dual-track mining and exploration company. Ore is being mined and stockpiled on ...
Redcastle completes key Queen Alexandra grade-control drilling at Redcastle Gold Project
May 24, 2026
Redcastle Resources has completed the Queen Alexandra grade-control reverse circulation drilling program at its Redcastle Gold Project, drilling 8,810 metres to deliver closer-spaced data for ore-waste delineation and near-term mine planning. Comb...
Redcastle Touts Shift to Gold Producer and District-Scale Exploration Push
May 13, 2026
Redcastle Resources has outlined its successful transition to a gold producer while pursuing significant district-scale exploration opportunities in the Golden Circle area of Western Australia’s Eastern Goldfields. The company’s latest...
Redcastle Resources Plans Modest Share Placement to Raise New Equity
May 6, 2026
Redcastle Resources Limited has notified the ASX of a proposed placement of up to 500,000 ordinary fully paid shares, with an intended issue date of 15 May 2026. The move signals the company’s plan to raise additional equity capital, which m...
Redcastle Fast-Tracks Capital-Light Transition to Gold Production
May 5, 2026
Redcastle Resources has begun fast-tracking mobilisation for initial mining at its Queen Alexandra and Redcastle Reef deposits, marking a shift from explorer to gold producer. Heavy mining equipment is arriving at the M39/318 mining lease and blas...
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.