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Reach Resources Limited
(Sydney:RR1)
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Rating:48Neutral
Price Target:
AU$0.01
▲(30.00% Upside)
Action:Reiterated
Date:09/26/26
The score is held down primarily by weak and inconsistent financial performance (volatile/absent revenue and recurring losses), only partly offset by a debt-free balance sheet and a one-year improvement in cash generation. Technicals are modestly supportive with price above key moving averages, but negative MACD and neutral RSI limit conviction. Valuation is also constrained by loss-making results (negative P/E).
Positive Factors
Debt-free balance sheet
The absence of debt reduces fixed financial obligations and refinancing exposure, giving Reach Resources greater flexibility while it advances exploration projects. Its larger equity base also supports the asset base and provides a stronger balance-sheet platform than a similarly loss-making, leveraged explorer.
Negative Factors
Unstable revenue base
Repeated years without revenue demonstrate that Reach Resources does not yet have a dependable operating income base. This limits visibility into future funding capacity and makes the company more dependent on project advancement, asset outcomes, or other sources of capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt reduces fixed financial obligations and refinancing exposure, giving Reach Resources greater flexibility while it advances exploration projects. Its larger equity base also supports the asset base and provides a stronger balance-sheet platform than a similarly loss-making, leveraged explorer.
Read all positive factors
Reach Resources Limited (RR1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$17.22M
Dividend YieldN/A
Average Volume (3M)2.21M
Price to Earnings (P/E)―
Beta (1Y)1.38
Revenue GrowthN/A
EPS Growth-345.45%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,324,270,500
10 Day Avg. Volume1,265,285
30 Day Avg. Volume2,211,230
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.75
Price to Sales (P/S)0.00
P/FCF Ratio7.03
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
Reach Resources Limited Business Overview & Revenue Model
Company Description
Operating within Australia, Reach Resources Limited specializes in the identification and assessment of potential mineral deposits. The firm's primary focus is gold, though it also conducts prospecting for nickel, cobalt, copper, and various other...
How the Company Makes Money
null...
Reach Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
44
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 3.20M | 0.00 | 100.00K |
| Gross Profit | -9.31K | -11.98K | 3.20M | 0.00 | 100.00K |
| EBITDA | -936.39K | -1.15M | 1.92M | -943.87K | -451.49K |
| Net Income | -4.44M | -950.30K | 1.94M | -2.66M | -451.00K |
Balance Sheet | |||||
| Total Assets | 15.76M | 14.23M | 15.02M | 6.55M | 6.08M |
| Cash, Cash Equivalents and Short-Term Investments | 6.83M | 3.27M | 6.01M | 1.23M | 1.13M |
| Total Debt | 0.00 | 0.00 | 0.00 | 450.00K | 450.00K |
| Total Liabilities | 2.45M | 249.15K | 338.86K | 524.55K | 555.45K |
| Stockholders Equity | 13.31M | 13.98M | 14.69M | 6.03M | 5.53M |
Cash Flow | |||||
| Free Cash Flow | 1.42M | -2.74M | -4.77M | -1.61M | -1.34M |
| Operating Cash Flow | 1.42M | -786.07K | -950.79K | -867.37K | -489.48K |
| Investing Cash Flow | -3.92M | -1.95M | -617.16K | -881.34K | -2.62M |
| Financing Cash Flow | 3.76M | -4.17K | 6.35M | 1.84M | 2.21M |
Reach 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% | |
50 Neutral | AU$12.34M | 28.00 | -5.72% | 7.14% | ― | ― | |
48 Neutral | AU$17.22M | -2.79 | -33.13% | ― | ― | -345.45% | |
47 Neutral | AU$17.23M | -1.81 | -167.03% | ― | ― | 62.73% | |
45 Neutral | AU$12.53M | -4.62 | -9.75% | ― | ― | 32.76% | |
44 Neutral | AU$13.31M | -1.74 | -108.20% | ― | ― | -18.97% | |
40 Underperform | AU$9.74M | -1.60 | -201.09% | ― | ― | 41.73% |
* Basic Materials Sector Average
AU:RR1
Reach Resources Limited
0.01
>-0.01
-7.69%
AU:RMX
Red Mountain Mining Ltd
0.01
-0.02
-60.00%
AU:SNG
Siren Gold Ltd
0.04
-0.07
-63.48%
AU:KAL
Kalgoorlie Gold Mining Limited
0.02
-0.04
-68.97%
AU:CDT
Castle Minerals Limited
0.08
<0.01
11.11%
AU:FG1
Flynn Gold Ltd.
0.01
-0.01
-43.48%
Reach Resources Limited Corporate Events
Reach Resources files updated ASX corporate governance statement and Appendix 4G
Sep 22, 2026
Reach Resources Limited has lodged its corporate governance statement for the financial year ended 30 June 2026, making it available on its website in accordance with ASX Listing Rules. The statement, current as of 22 September 2026 and approved b...
Reach Resources Outlines Corporate Structure in 2026 Financial Report
Sep 22, 2026
Reach Resources Ltd has released its financial report for the year ended 30 June 2026, outlining its corporate governance structure and key professional advisers. The document details the company’s board composition, auditors, legal counsel,...
Reach Resources launches step-out drilling to expand Murchison South gold footprint
Sep 15, 2026
Reach Resources has completed grade control drilling at the proposed NW Pit of its Murchison South Gold Project, with 163 reverse circulation holes totalling about 4,238m to inform mine planning for the first five mining benches. Assay results fro...
Reach Resources fast-tracks Murchison South as Andel exercises mining option
Aug 17, 2026
Reach Resources has moved a step closer to production at its Murchison South Gold Project after Andel Resources completed due diligence and exercised its option to enter a binding Right to Mine Agreement over the Blue Heaven tenement. Under the de...
Reach Resources Plans New Performance Rights Issue to Expand Capital Structure
Aug 17, 2026
Reach Resources Limited has notified the ASX of a proposed issue of performance rights as part of a placement or other type of securities issue. The company plans to issue up to 31 million performance rights expiring on 5 November 2028 and up to 2...
Reach Resources Secures Funded Pathway to Murchison South Gold Production
Jul 23, 2026
Reach Resources strengthened its financial position during the June 2026 quarter by securing a binding option agreement with Andel Resources over the Blue Heaven deposit at Murchison South, ensuring Andel fully funds pre-mining, mining and process...
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.