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Reach Resources Ltd

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.012 AUD -0.00 ( 7.69%)
Last update at 2026-11-12T05:10:00Z
VOLUME
1853280
Market Cap
14.57M

Momentum Score

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Reach Resources Limited engages in the exploration and evaluation of mineral resource projects in Australia. It primarily explores for gold, rare-earth elements, lithium, niobium, and manganese. Its holds interest in its flagship Murchison South Gold Project located in Payne's Find, Murchison Region, Western Australia. The company was formerly known as Cervantes Corporation Limited. Reach Resources Limited was incorporated in 2001 and is based in Perth, Australia.

Source: TradingView
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Day Price Range
0.01
Low
0.01
High
52 Week Price Range
0.01
Low
0.02
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Reach Resources Ltd is an Australian-listed company with limited public detail; it appears to operate as a junior mineral exploration and development firm. Long-term growth drivers may include successful exploration results, favorable commodity prices and access to project finance or partners, which could support resource definition and advancement, and investors may find leverage to potential discoveries attractive.
Key risks include exploration failure, funding-driven dilution, commodity price volatility and permitting or operational setbacks, so investors should monitor financing and execution.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.01
Dividend Yield
-
Revenue TTM
3.20M
Revenue Per Share
0.00
Gross Profit TTM
3.20M
Debt / Equity
0.08
ROE
-32.55%
Net Debt
-4.53M
ROCE
-7.11%
Diluted EPS TTM
-

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax -4.44M -0.95M 1.94M -2.66M -0.45M
Net income -4.44M -0.95M 1.94M -2.66M -0.45M
Selling general administrative - 0.55M 0.71M 0.94M 0.54M
Selling and marketing expenses - 0.60M 0.57M - -
Gross profit -0.01M -0.01M 3.20M 0.00M 0.10M
Reconciled depreciation - - 0.02M 0.01M -
Ebit -0.95M -1.16M 1.90M -0.95M -0.55M
Ebitda -0.94M -1.15M 1.92M -0.94M -0.55M
Depreciation and amortization 0.01M 0.01M 0.02M 0.01M 0.44M
Operating income -0.95M -1.15M 1.92M -0.95M -0.55M
Other operating expenses 0.95M 1.15M 1.28M 0.95M 0.55M
Tax provision - 0.00M 0.00M 0.00M 0.00M
Interest income - - 0.04M 0.01M 0.01M
Net interest income - - 0.04M 0.01M -
Income tax expense - - -0.02M -0.00M -0.44M
Total revenue - 0.23M 3.20M 0.01M 0.10M
Total operating expenses 0.94M 1.15M 1.28M 0.94M 0.55M
Cost of revenue 0.01M 0.01M 0.02M 0.01M -
Total other income expense net -3.50M 0.20M 0.02M -1.71M 0.09M
Net income from continuing ops - - 1.94M -2.66M -0.45M
Net income applicable to common shares - -0.95M 1.94M -2.66M -0.45M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 15.76M 14.23M 15.02M 6.55M 6.08M
Other current assets 0.06M 0.01M 0.05M - -
Total liab 2.45M 0.25M 0.34M 0.52M 0.56M
Total stockholder equity 13.31M 13.98M 14.69M 6.03M 5.53M
Other current liab 2.26M 0.03M 0.03M - -
Common stock 32.65M 28.89M 28.89M 22.47M 19.65M
Capital stock - - - 22.47M 19.65M
Retained earnings -19.87M -15.49M -14.54M -16.79M -14.13M
Cash 4.53M 3.27M 6.01M 1.23M 1.13M
Cash and equivalents - - - 1.23M 1.13M
Total current liabilities 2.45M 0.25M 0.34M 0.52M 0.56M
Net debt -4.53M -3.27M -6.01M - -0.68M
Short term debt - - - 0.00M 0.45M
Short long term debt - - - - 0.45M
Short long term debt total - - - - 0.45M
Other stockholder equity - - - 0.35M 0.31M
Property plant equipment - - - 5.18M 3.06M
Total current assets 6.91M 3.33M 6.08M 1.37M 1.15M
Long term investments - - - - 1.87M
Net tangible assets - - - 6.03M 5.53M
Short term investments 2.30M - - - 0.00M
Net receivables 0.02M 0.05M 0.05M 0.13M 0.02M
Inventory - - -0.04M - -
Accounts payable 0.20M 0.22M 0.31M 0.52M 0.11M
Accumulated other comprehensive income 0.53M 0.57M 0.33M - -
Non currrent assets other 8.82M - - - -
Non current assets total 8.85M 10.89M 8.95M 5.18M 4.93M
Long term debt total - - - 0.00M 0.00M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments - - -0.62M -0.88M -2.62M
Change to liabilities - - - 0.10M -0.05M
Total cashflows from investing activities -3.92M -1.95M -0.62M -0.88M -2.62M
Total cash from financing activities 3.76M -0.00M 6.35M 1.84M 2.21M
Net income -4.44M -0.95M 1.94M -2.66M -0.45M
Change in cash 1.26M -2.74M 4.78M 0.10M -0.90M
Begin period cash flow 3.27M 6.01M 1.23M 1.13M 2.03M
End period cash flow 4.53M 3.27M 6.01M 1.23M 1.13M
Total cash from operating activities 1.42M -0.79M -0.95M -0.87M -0.49M
Issuance of capital stock - - 6.93M 2.00M 2.40M
Depreciation 0.01M 0.01M 0.02M 0.01M 0.01M
Other cashflows from investing activities 0.40M - -0.16M -0.47M 0.10M
Change to account receivables -0.02M 0.00M 0.08M -0.12M -0.00M
Sale purchase of stock - - -0.57M -0.16M -0.19M
Other cashflows from financing activities - - -0.62M -0.88M -2.62M
Change to netincome - - - 1.81M 0.01M
Capital expenditures 0.00M 1.95M 3.82M 0.74M 0.85M
Change in working capital 2.26M 0.00M 0.08M -0.02M -0.05M
Stock based compensation - 0.24M 0.16M 0.09M -
Other non cash items 3.59M -0.09M -3.15M 1.85M 0.01M
Free cash flow 1.42M -2.74M -4.77M -1.61M -1.34M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
RR1
Reach Resources Ltd		 -0.00
7.69%		 0.01 - 6.11 94.45 0.99 42.88 -14.82
NEM
Newmont Corporation		 -4.95
2.80%		 171.70 12.09 10.42 6.66 3.15 4.08 6.49
NST
Northern Star Resources Ltd		 -0.60
2.24%		 26.13 22.36 18.80 4.85 2.15 4.51 8.33
EVN
Evolution Mining Ltd		 -0.59
4.21%		 13.41 18.16 13.61 4.88 4.07 4.25 7.74
DPM
Dpm Metals Inc.		 -2.48
4.45%		 53.25 12.00 9.34 9.29 2.70 5.58 8.45

Profile*

Reach Resources Ltd

Reach Resources Limited engages in the exploration and evaluation of mineral resource projects in Australia. It primarily explores for gold, rare-earth elements, lithium, niobium, and manganese. Its holds interest in its flagship Murchison South Gold Project located in Payne's Find, Murchison Region, Western Australia. The company was formerly known as Cervantes Corporation Limited. Reach Resources Limited was incorporated in 2001 and is based in Perth, Australia.

216 St Georges Terrace, Perth, WA, Australia, 6000

61 8 6268 2641

https://www.reachresources.com.au

Name Title Year Born
Mr. Jeremy Bower BSc Botany, BSc Soil, MAICD Chief Exec. Officer NA
Mr. Christopher Achurch B.Com., C.A. Company Sec. NA
Mr. Jeremy Bower BSc Botany, BSc Soil, MAICD Chief Executive Officer NA
Mr. Steve Vallance Exploration Manager NA
Mr. Christopher Achurch B.Com., C.A. Company Secretary NA
Mr. Jeremy Bower BSc Botany, BSc Soil, MAICD Chief Executive Officer NA
Mr. Steve Vallance Exploration Manager NA
Mr. Christopher Achurch B.Com., C.A. Company Secretary NA
Mr. Jeremy Bower BSc Botany, BSc Soil, MAICD Chief Executive Officer NA
Mr. Steve Vallance Exploration Manager NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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