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Resource Mining Corporation Limited
(Sydney:RMI)
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Rating:44Neutral
Price Target:
AU$0.12
▲(303.33% Upside)
Action:Reiterated
Date:09/27/26
The score is primarily weighed down by weak financial performance (pre-revenue profile, recurring losses, and persistent cash burn). Technicals add further pressure with bearish trend indicators and oversold momentum. The balance sheet’s low leverage provides some support, but negative earnings and no dividend limit valuation appeal.
Positive Factors
Very Low Leverage
Very low leverage reduces financial risk and limits interest-related pressure on the business. This gives management greater flexibility to fund exploration, withstand prolonged development periods, and respond to operating setbacks without relying heavily on debt.
Negative Factors
Pre-Revenue Business Model
The company remains largely pre-revenue, so its exploration activities have not yet translated into a demonstrated operating income stream. Until projects advance to development, production, or a transaction, financial performance will remain dependent on future milestones.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Very low leverage reduces financial risk and limits interest-related pressure on the business. This gives management greater flexibility to fund exploration, withstand prolonged development periods, and respond to operating setbacks without relying heavily on debt.
Read all positive factors
Resource Mining Corporation Limited (RMI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$122.15M
Dividend YieldN/A
Average Volume (3M)728.80K
Price to Earnings (P/E)―
Beta (1Y)2.51
Revenue GrowthN/A
EPS Growth-8.33%
CountryAU
Employees13
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding939,609,860
10 Day Avg. Volume492,600
30 Day Avg. Volume728,802
Financial Highlights & Ratios
PEG Ratio-7.15
Price to Book (P/B)10.28
Price to Sales (P/S)0.00
P/FCF Ratio-44.95
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
Resource Mining Corporation Limited Business Overview & Revenue Model
Company Description
Resource Mining Corporation Limited specializes in mineral exploration, primarily targeting deposits of nickel, lithium, and cobalt. The company currently holds an interest in Tanzania's Kabulwanyele nickel project, which is covered by two granted...
How the Company Makes Money
null...
Resource Mining Corporation Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
24
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 1.85K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 1.85K | -349.00 | 0.00 | 0.00 |
| EBITDA | -1.21M | -1.34M | -2.91M | -4.85M | 2.91M |
| Net Income | -2.17M | -1.57M | -3.12M | -11.22M | 2.96M |
Balance Sheet | |||||
| Total Assets | 12.97M | 9.75M | 8.79M | 8.09M | 1.77M |
| Cash, Cash Equivalents and Short-Term Investments | 2.12M | 302.18K | 157.05K | 857.69K | 1.73M |
| Total Debt | 291.74K | 87.20K | 87.20K | 117.19K | 1.77K |
| Total Liabilities | 820.46K | 1.09M | 391.03K | 3.53M | 1.21M |
| Stockholders Equity | 12.40M | 8.87M | 8.59M | 4.74M | 618.95K |
Cash Flow | |||||
| Free Cash Flow | -2.84M | -630.59K | -3.17M | -2.94M | -554.33K |
| Operating Cash Flow | -901.66K | -630.59K | -1.50M | -2.54M | -554.33K |
| Investing Cash Flow | -1.93M | -613.33K | -1.67M | -523.02K | -34.32K |
| Financing Cash Flow | 4.65M | 1.39M | 2.47M | 2.27M | 2.28M |
Resource Mining Corporation Limited Technical Analysis
Negative
0.03
Price Trends
0.16
Negative
0.14
Negative
0.09
Positive
Market Momentum
>-0.01
Negative
36.90
Neutral
76.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RMI, the sentiment is Negative. The current price of 0.03 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.16, and below the 200-day MA of 0.09, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 36.90 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:RMI.
Resource Mining Corporation 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% | |
60 Neutral | AU$49.59M | -87.73 | -2.00% | ― | 104.42% | ― | |
58 Neutral | AU$47.28M | 0.85 | 82.80% | ― | ― | ― | |
44 Neutral | AU$122.15M | -48.15 | -18.93% | ― | ― | -8.33% | |
43 Neutral | AU$44.79M | -3.08 | -38.32% | ― | ― | -113.13% | |
42 Neutral | AU$40.31M | -7.12 | -8.90% | ― | ― | ― |
* Basic Materials Sector Average
AU:RMI
Resource Mining Corporation Limited
0.14
0.11
400.00%
AU:LCY
Legacy Iron Ore Ltd
0.01
0.00
0.00%
AU:MTH
Mithril Resources Ltd
0.22
-0.40
-64.52%
AU:COD
Coda Minerals Ltd
0.11
-0.03
-19.23%
AU:CZR
CZR Resources Ltd
0.20
-0.08
-27.78%
Resource Mining Corporation Limited Corporate Events
Resource Minerals Outlines Streamlined Governance Framework for 2026
Sep 23, 2026
Resource Minerals International has detailed its corporate governance practices for the year to 30 June 2026, confirming broad alignment with the ASX Corporate Governance Council’s latest principles. The board has formalised responsibilities...
Resource Minerals International lodges updated ASX corporate governance statement
Sep 23, 2026
Resource Minerals International Ltd has released its annual corporate governance statement for the year ended 30 June 2026, confirming that the document is current as of 23 September 2026 and available on its website. The statement outlines the ex...
Resource Minerals International Releases 2026 Annual Report
Sep 23, 2026
Resource Minerals International Ltd released its Annual Report for 2026, providing a comprehensive overview of its corporate governance and financial position. The report includes the directors’ report, consolidated financial statements, not...
Resource Mining Corporation Flags Risks in Tanzania Copper-Gold and Global Exploration Push
Sep 3, 2026
Resource Mining Corporation Limited has released a corporate presentation outlining its active exploration programs, notably at the Mpanda copper-gold project in western Tanzania and its gold-silver and lithium projects in Saudi Arabia and Finland...
RMI advances Saudi and Tanzanian exploration with new targets and $3.5m funding
Jul 30, 2026
RMI has completed a high-resolution ground magnetic survey at its Wadi Salamah project in Saudi Arabia, identifying two large, deep-seated magnetic anomalies interpreted as intrusive bodies prospective for porphyry copper-molybdenum mineralisation...
Resource Minerals Director Increases Indirect Shareholding via Related Party Placement
Jul 24, 2026
Resource Minerals International Ltd has reported a change in the indirect shareholding of director Asimwe Kabunga, reflecting an increase in his relevant interest through Kabunga Holdings Pty Ltd. This entity, which holds shares on behalf of the K...
Resource Minerals International Seeks ASX Quotation for 10 Million New Shares
Jul 24, 2026
Resource Minerals International Ltd, an ASX-listed minerals company, focuses on developing resource projects and funds its operations through equity issuances in the form of ordinary fully paid shares. Its activities are aligned with the broader r...
Resource Minerals Investors Back Placement Ratifications and Related-Party Share Issues
Jul 22, 2026
Resource Minerals International Ltd has reported the results of its general meeting held on 22 July 2026, where shareholders voted on a series of capital management resolutions. The meeting was conducted by poll in line with ASX corporate governan...
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.