The invention provides a resourceful utilization method of red mud. The resourceful utilization method of the red mud includes the following steps of (1) reductive transformation of slurry, specifically, the slurry is prepared from the red mud, a reductive transformation agent, lime and water, a reductive thermochemical strict reduction reaction is conducted at the temperature of 60-350 DEG C and at the pressure of 0.1013MPa-4.5Mpa, alkali combined in minerals such as aluminosilicate in the red mud is replaced to form the strong-basicity slurry, and a iron oxide mineral in the red mud is reductively transformed into ferroferric oxide in the strong-basicity slurry, and/or iron contained in the red mud is reduced synchronously with chrominum, titanium, vanadium, gallium, scandium and the like and molten into ferrite crystal lattices to form an isomorphous ferrite magnetic body of the elements like chrominum, titanium, vanadium, gallium and scandium; (2) extracting of iron through magnetic separation; (3) extracting of alkali through separation; and (4) utilization of the aluminosilicate mineral. The resourceful utilization method of the red mud has the advantages of being low in energy consumption, economical, free of secondary pollution, capable of recycling three main components in the red mud effectively and the like.