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Delta Lithium Limited ( (AU:DLI) ) has issued an update.
Delta Lithium Limited has issued 131,250 fully paid ordinary shares following the conversion of an equivalent number of performance rights, with the new shares placed without a prospectus under exemptions in the Corporations Act. The company confirmed it is compliant with its continuous disclosure and financial reporting obligations, and stated there is no excluded information, signalling routine equity-based compensation and a standard-cleansing step that maintains transparency for existing and potential shareholders.
The most recent analyst rating on (AU:DLI) stock is a Hold with a A$0.33 price target. To see the full list of analyst forecasts on Delta Lithium Limited stock, see the AU:DLI Stock Forecast page.
More about Delta Lithium Limited
Delta Lithium Limited (ASX: DLI) is an exploration and development company focused on high-quality lithium-bearing pegmatite deposits in Western Australia. The company has global JORC-compliant resources of 36.9Mt at 1.0% Li2O, a strong balance sheet, and an experienced team progressing its Mt Ida and Yinnetharra lithium projects. Mt Ida hosts both gold and lithium orebodies and benefits from existing mining leases and an approved mining proposal, while Yinnetharra includes the Malinda and Jamesons prospects with ongoing exploration to grow the maiden resource at Malinda. Delta has also spun out its gold assets into Ballard Mining, retaining a 34% equity stake.
Average Trading Volume: 1,347,603
Technical Sentiment Signal: Buy
Current Market Cap: A$233.1M
See more data about DLI stock on TipRanks’ Stock Analysis page.