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Redcastle Resources Limited
(Sydney:RC1)
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Rating:45Neutral
Price Target:
AU$0.09
â–¼(-2.22% Downside)
Action:Reiterated
Date:10/03/26
The score is primarily constrained by weak financial performance (no revenue, widening losses, and ongoing cash burn), partially offset by a debt-free balance sheet and expanded equity/assets. Technicals are mixed with only modest near-term support and a weaker longer-term trend, while valuation is limited by a negative P/E and no dividend yield.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces mandatory interest and repayment obligations, preserving financial flexibility while the company advances its projects. This gives management more scope to allocate capital toward exploration and development without the additional pressure that leverage would impose.
Negative Factors
No Revenue Generation
The absence of revenue shows that Redcastle has not yet converted its exploration activities into commercial sales. Until a project reaches production or another recurring revenue source emerges, the company lacks operating income to fund costs internally and remains dependent on capital support.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet reduces mandatory interest and repayment obligations, preserving financial flexibility while the company advances its projects. This gives management more scope to allocate capital toward exploration and development without the additional pressure that leverage would impose.
Read all positive factors
Redcastle Resources Limited (RC1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$12.14M
Dividend YieldN/A
Average Volume (3M)122.87K
Price to Earnings (P/E)―
Beta (1Y)3.57
Revenue GrowthN/A
EPS Growth14.71%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding134,835,280
10 Day Avg. Volume86,247
30 Day Avg. Volume122,871
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.39
Price to Sales (P/S)0.00
P/FCF Ratio-9.06
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
12
Very Negative
Balance Sheet
66
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.94M | -1.11M | -43.91K | -618.05K | -1.18M |
| Net Income | -1.93M | -1.07M | -570.00K | -618.00K | -1.17M |
Balance Sheet | |||||
| Total Assets | 10.79M | 6.04M | 3.98M | 4.10M | 4.73M |
| Cash, Cash Equivalents and Short-Term Investments | 1.76M | 750.50K | 910.48K | 2.04M | 3.22M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 789.93K | 142.76K | 492.43K | 49.44K | 60.01K |
| Stockholders Equity | 10.00M | 5.89M | 3.49M | 4.06M | 4.67M |
Cash Flow | |||||
| Free Cash Flow | -1.53M | -3.45M | -1.13M | -601.35K | -580.60K |
| Operating Cash Flow | -1.53M | -1.32M | -151.35K | -583.00 | -1.00K |
| Investing Cash Flow | -3.13M | -2.13M | -977.88K | -600.76K | -579.60K |
| Financing Cash Flow | 5.68M | 3.29M | 0.00 | 0.00 | 4.31M |
Redcastle Resources Limited Technical Analysis
Neutral
0.09
Price Trends
0.09
Negative
0.11
Negative
0.13
Negative
Market Momentum
>-0.01
Negative
57.90
Neutral
49.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RC1, the sentiment is Neutral. The current price of 0.09 is above the 20-day moving average (MA) of 0.08, below the 50-day MA of 0.09, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 57.90 is Neutral, neither overbought nor oversold. The STOCH value of 49.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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% | |
54 Neutral | AU$31.35M | -10.78 | -18.57% | ― | 12.29% | 55.78% | |
47 Neutral | AU$783.28M | 435.71 | 0.90% | ― | -9.02% | ― | |
46 Neutral | AU$11.77M | -15.00 | -22.87% | ― | 22.37% | 73.68% | |
45 Neutral | AU$12.14M | -5.17 | -20.62% | ― | ― | 14.71% | |
42 Neutral | AU$22.92M | -9.66 | 67.50% | ― | -23.57% | -38.10% | |
41 Neutral | AU$1.42M | -2.88 | -78.34% | ― | -17.15% | -32.50% |
* Basic Materials Sector Average
AU:RC1
Redcastle Resources Limited
0.09
>-0.01
-9.09%
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0.00%
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Redcastle Resources Limited Corporate Events
Redcastle Resources Corrects Administrative Errors in ASX Annual Report Disclosures
Oct 1, 2026
Redcastle Resources Limited has corrected errors in the ASX additional information section of its annual report for the year ended 30 June 2026, specifically in several shareholder and disclosure-related sections. The company has lodged a revised ...
Redcastle Resources Outlines Governance Framework for 2026
Sep 30, 2026
Redcastle Resources Limited has detailed its corporate governance arrangements for the year to 30 June 2026, confirming broad adherence to the ASX Corporate Governance Council’s fourth edition principles. The company relies on a Corporate Go...
Redcastle Files Appendix 4G, Confirms Updated Governance Framework
Sep 30, 2026
Redcastle Resources Limited has lodged its Appendix 4G and confirmed that its corporate governance statement for the year to 30 June 2026 is available on its website, current as at 30 September 2026 and approved by the board. The company’s g...
Redcastle Resources Publishes Audited 2026 Annual Financial Report
Sep 30, 2026
Redcastle Resources Limited has released its annual financial report for the year ended 30 June 2026, detailing its consolidated statements of profit or loss, financial position, cash flows and changes in equity. The report also includes governanc...
Redcastle Resources Defines 6,600oz Gold Stockpile at Redcastle Project
Sep 28, 2026
Redcastle Resources has reported that stockpiles on the run-of-mine pad at its Redcastle Gold Project now contain a mineral resource estimate of 144,800 tonnes grading 1.43 grams per tonne gold for 6,600 ounces. The bulk of this is measured materi...
Redcastle Resources Sets November AGM and Director Election Timetable
Sep 22, 2026
Redcastle Resources Ltd is an Australian company listed on the ASX under ticker RC1, operating in the resources sector. The company is based in Subiaco, Western Australia, and focuses on exploration and development activities typical of junior min...
Redcastle suspends Redcastle Gold mining as Wiluna halts toll processing
Aug 31, 2026
Redcastle Resources has announced that mining at the Redcastle Gold Project will be temporarily suspended after its toll treatment partner, Wiluna Mining, halted all surface activities at its processing mill following a Carbon-in-Leach tank ruptur...
Redcastle JV Seeks New Ore Processing Options as Wiluna Halts Reprocessing
Aug 25, 2026
Redcastle Resources has reported that Wiluna Mining Corporation will suspend all surface and tailings reprocessing and delay third-party toll treatment of free-milling ore, affecting processing plans for the Redcastle–BML Ventures Joint Vent...
Redcastle secures native title deal to expand Queen Alexandra gold footprint
Aug 11, 2026
Redcastle Resources has signed a Native Title and Mining Agreement with the Wangkatja Tjungula Aboriginal Corporation, representing the Nyalpa Pirniku Native Title Holders at its Redcastle Gold Project in Western Australia. The agreement, covering...
Redcastle director Ray Shaw increases equity stake via placement and performance options
Aug 10, 2026
Redcastle Resources has disclosed a change in the shareholding of director Ray Shaw, who increased his direct holding through participation in a company placement. Shaw acquired 107,143 fully paid ordinary shares at $0.14 each, lifting his total s...
Redcastle Resources Issues New Tranche of Performance Options
Aug 10, 2026
Redcastle Resources Limited has notified the ASX of the issuance of new unquoted equity securities in the form of performance options. The company is allocating 11,000,000 Class A Performance Options and 4,500,000 Class B Performance Options, both...
Redcastle Resources Confirms Compliance on New Share Issue
Aug 10, 2026
Redcastle Resources Limited has notified investors that it has issued new shares on the Australian Securities Exchange without a prospectus, relying on specific disclosure exemptions under the Corporations Act. The company confirms it is up to dat...
Redcastle Resources Seeks ASX Quotation for Additional Shares
Aug 10, 2026
Redcastle Resources Limited, an ASX-listed resources company, continues to expand its presence in the capital markets through its ordinary fully paid shares under code RC1. The firm’s listing framework enables it to raise funds and support o...
Redcastle Resources Wins Shareholder Backing for Capital and Board Incentive Resolutions
Aug 6, 2026
Redcastle Resources shareholders have endorsed all resolutions at a 6 August general meeting, with each item carried by poll, including ratification of prior share issues under Listing Rules 7.1 and 7.1A. The approvals consolidate the company̵...
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...
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.