Delta Lithium Limited (AU:DLI)
ASX:DLI
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Delta Lithium Limited
(Sydney:DLI)
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Rating:46Neutral
Price Target:
AU$0.23
▲(2.27% Upside)
Action:ReiteratedDate:03/20/26
The score is held back primarily by weak financial performance (ongoing losses and negative operating/free cash flow despite some FY2025 improvement) and bearish technicals (trading below key moving averages with negative MACD). A strong, low-debt balance sheet provides some offset, while valuation appears only moderate with no dividend support.
Positive Factors
Balance sheet strength
Very low leverage and substantial equity provide durable financial flexibility for an exploration company. This absorbs ongoing exploration losses, reduces near-term refinancing pressure, and makes the company an attractive JV or farm-out partner, supporting project advancement without immediate revenue.
Negative Factors
Negative operating and free cash flow
Consistent negative operating and free cash flow signals structural cash burn from exploration and development activity. Absent recurring operating receipts, this creates ongoing funding needs, raises dilution risk, and constrains the ability to advance projects or capitalise on opportunities without partner funding or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and substantial equity provide durable financial flexibility for an exploration company. This absorbs ongoing exploration losses, reduces near-term refinancing pressure, and makes the company an attractive JV or farm-out partner, supporting project advancement without immediate revenue.
Read all positive factors
Delta Lithium Limited (DLI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$154.23M
Dividend YieldN/A
Average Volume (3M)872.49K
Price to Earnings (P/E)26.8
Beta (1Y)0.82
Revenue GrowthN/A
EPS Growth71.98%
CountryAU
Employees76
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)<0.01
Shares Outstanding717,363,040
10 Day Avg. Volume832,225
30 Day Avg. Volume872,494
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)0.46
Price to Sales (P/S)78.60
P/FCF Ratio-3.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.24Price Target Upside9.09% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$1.32M
Delta Lithium Limited Business Overview & Revenue Model
Company Description
Delta Lithium Limited explores for and develops lithium properties in Western Australia. Its flagship project is the Mt Ida lithium project that comprises of 30 tenements located to the north-west of Menzies in Western Australia. The company also ...
How the Company Makes Money
DLI’s ability to generate revenue is primarily tied to monetising mineral assets rather than selling finished products. Typical sources of cash generation for a pre-production lithium explorer/developer include: (1) proceeds from the sale of miner...
Delta Lithium Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
78
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 1.41M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -296.00K | 1.41M | -365.62K | -113.54K | -63.19K | 0.00 |
| EBITDA | -5.99M | -7.03M | -12.75M | -9.25M | -7.99M | -703.69K |
| Net Income | -2.04M | -3.68M | -12.49M | -8.54M | -8.06M | -704.86K |
Balance Sheet | ||||||
| Total Assets | 228.16M | 245.29M | 249.59M | 194.62M | 66.92M | 20.55M |
| Cash, Cash Equivalents and Short-Term Investments | 56.27M | 57.62M | 87.71M | 85.85M | 23.58M | 1.61M |
| Total Debt | 503.98K | 579.15K | 709.64K | 117.56K | 212.06K | 0.00 |
| Total Liabilities | 3.70M | 6.36M | 8.15M | 20.28M | 6.56M | 651.53K |
| Stockholders Equity | 224.46M | 238.93M | 241.44M | 174.34M | 60.36M | 19.90M |
Cash Flow | ||||||
| Free Cash Flow | -1.11M | -31.58M | -67.59M | -40.58M | -14.59M | -4.00M |
| Operating Cash Flow | -1.09M | -785.52K | -4.83M | -4.36M | -1.21M | -740.44K |
| Investing Cash Flow | -7.76M | -28.07M | -62.76M | -34.17M | -24.14M | -3.19M |
| Financing Cash Flow | 4.30M | 641.06K | 69.96M | 99.48M | 47.10M | 3.75M |
Delta Lithium Limited Technical Analysis
Positive
0.22
Price Trends
0.22
Negative
0.23
Negative
0.20
Positive
Market Momentum
>-0.01
Negative
52.52
Neutral
46.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DLI, the sentiment is Positive. The current price of 0.22 is above the 20-day moving average (MA) of 0.21, below the 50-day MA of 0.22, and above the 200-day MA of 0.20, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.52 is Neutral, neither overbought nor oversold. The STOCH value of 46.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DLI.
Delta Lithium Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | AU$220.88M | -301.32 | -2.84% | ― | ― | 42.74% | |
55 Neutral | AU$242.91M | -17.50 | -26.45% | ― | ― | -35.98% | |
54 Neutral | AU$151.33M | 4.74 | 2.67% | ― | 46.74% | -47.98% | |
46 Neutral | AU$154.23M | 26.76 | -1.46% | ― | ― | 71.98% | |
44 Neutral | AU$170.93M | -22.91 | -5.59% | ― | ― | ― | |
41 Neutral | AU$65.54M | -3.49 | -30.54% | ― | ― | 52.94% |
* Basic Materials Sector Average
AU:DLI
Delta Lithium Limited
0.22
0.06
38.71%
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Ionic Rare Earths Limited
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179.28%
Delta Lithium Limited Corporate Events
Delta Lithium Rejects $93 Billion Rubidium Valuation at Mt Ida
Apr 2, 2026
Delta Lithium has moved to correct a media report that placed a $93 billion in-ground valuation on rubidium at its Mt Ida project, stating that such valuations breach JORC Code guidance on reporting mineral resources. The company stressed it does ...
Delta Lithium Requests Trading Halt to Address ASX Queries on Media Report
Apr 2, 2026
Delta Lithium Limited has requested and been granted a trading halt on its securities by the ASX, with the halt to remain in place until either an upcoming company announcement is released or normal trading resumes on 8 April 2026. The company say...
Delta Lithium unlocks high-purity lithium and rubidium products from Mt Ida waste stream
Mar 31, 2026
Delta Lithium has confirmed downstream hydrometallurgical flowsheet chemistry at its Mt Ida project, successfully producing 99.8% purity lithium carbonate from mica concentrate with an overall lithium recovery of 86%. The company also demonstrated...
Delta Lithium Issues New Shares on Performance Rights Conversion
Jan 27, 2026
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 confi...
Delta Lithium Seeks ASX Quotation for 131,250 New Shares
Jan 27, 2026
Delta Lithium Limited has applied to the ASX for quotation of 131,250 new fully paid ordinary shares, following the exercise of options or conversion of other convertible securities, with an issue date of 26 January 2026. The additional share quot...
Delta Lithium Boosts Mt Ida Confidence with High-Grade Hits and Battery-Grade Carbonate Test Success
Jan 22, 2026
Delta Lithium has reported further high-grade lithium drilling results from its advanced Mt Ida project, where an existing JORC mineral resource totals 14.8Mt at 1.2% Li2O with associated tantalum and rubidium, and downstream testwork has successf...
Delta Lithium Boosts Mt Ida Resource and Unlocks Rubidium Upside as Cash Reserves Top $160m
Jan 18, 2026
Delta Lithium Limited reported a significant quarterly update highlighted by an upgraded Mineral Resource Estimate at its Mt Ida Lithium Project, now standing at 14.8 million tonnes at 1.21% Li2O with substantial tantalum and notably high-grade ru...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.