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An update from Delta Lithium Limited ( (AU:DLI) ) is now available.
Delta Lithium Limited’s recent AGM highlighted its strategic focus on expanding its resource base despite a softer lithium market. The company has made significant progress at its Yinnetharra project with ongoing drilling campaigns and recent acquisitions of adjacent projects. Additionally, the successful demerger of Ballard Mining and the IPO of its gold mineral rights have strengthened Delta’s balance sheet, positioning it well for future growth. The company maintains a strong cash balance and remains open to acquisitions that align with its strategic goals.
The most recent analyst rating on (AU:DLI) stock is a Buy with a A$0.35 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 operates in the mining industry, focusing on lithium and gold resources. The company is actively involved in developing lithium projects and expanding its resource base, with a strategic emphasis on capital allocation, cash preservation, and potential acquisitions to enhance shareholder value.
Average Trading Volume: 1,074,321
Technical Sentiment Signal: Hold
Current Market Cap: A$157.8M
For a thorough assessment of DLI stock, go to TipRanks’ Stock Analysis page.