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2026-11-06
◂ Monitor RND ASX

Rand Mining Limited

Producer · Gold · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$2.3
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$130.8M
EV
A$129.2M
Cash
A$2.1M
Debt
A$433K
1 newer ASX announcement not yet reflected in this valuation

Portfolio detail

Assets

3 assets

Core asset

East Kundana Joint Venture

Australia

Producer12.25% ownedGoldSilver

Operating Kalgoorlie gold joint venture. Rand generally holds 12.25%; the annual technical table reports 12.50% for Raleigh tenement M15/993. A later FY2026 resource/reserve update was released in August 2026 but its full primary table was unavailable; the detailed 2024 estimate below is historical and not current.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Published study economicsIssuer or study metrics
Discount rate7.8%Published study basis

Manager-reported after-tax real valuation discount rate; no public numeric NPV, IRR or sensitivity table is supplied.

Resources & reserves2
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal attributable1.7M tonnes3.7 g/t Au; 203 koz containedGold2024-12-31
Ore Reserveprobable attributable578K tonnes3.3 g/t Au; 61.5 koz containedGold2024-12-31
Tenements2
ekjv-m15-993Granted— None · No expiry supplied
ekjv-m16-309Granted— None · No expiry supplied
Milestones1
  1. Golden Hind mining commenced

    Achieved · High materiality

Permits & approvals1
PermitJurisdictionStatusExpiryCritical path
EKJV mining tenureWestern AustraliaGranted—No
Economic studies1
StudyStageStatusDateSummary
East Kundana life-of-mine planOperating PlanCurrent2025-07-30At-least-PFS-level life-of-mine plan supporting reserves; the public sensitivity discussion is qualitative and its planned numeric range is not populated.

Material

Seven Mile Hill

Australia

Discovery Drill Stage50% ownedGold

Active Kalgoorlie gold exploration joint venture with encouraging drilling but no compliant mineral resource or published economic study.

Project location

Approximate location

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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Tenements2
smh-e15-1664Granted— None · No expiry supplied
smh-p26-4173Granted— None · No expiry supplied
Milestones1
  1. Follow-up discovery drilling completed

    Achieved · Medium materiality

Other

West Kimberley

Australia

Early ExplorerOthers

E04/2548 was shown as 100%-held in March 2026 but omitted from the June 2026 tenure table without an explicit disposal; current ownership is unresolved.