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
▲(4.55% Upside)
Action:Reiterated
Date: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 (low leverage)
Very low leverage and substantial equity provide a durable financial buffer that reduces near-term solvency risk. For a pre-production explorer this preserves optionality to pursue farm-outs or JV deals without urgent distress-driven disposals, extending runway while projects are advanced.
Negative Factors
Persistent operating cash burn
Consistent negative operating cash flow and deeply negative free cash flow represent a durable funding pressure. Over a 2-6 month horizon continued cash burn increases likelihood of capital raises or dilutive financing, constraining project spending and strategic flexibility until monetisation occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength (low leverage)
Very low leverage and substantial equity provide a durable financial buffer that reduces near-term solvency risk. For a pre-production explorer this preserves optionality to pursue farm-outs or JV deals without urgent distress-driven disposals, extending runway while projects are advanced.
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)―
Beta (1Y)0.77
Revenue GrowthN/A
EPS Growth78.67%
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
Negative
0.22
Price Trends
0.22
Negative
0.23
Negative
0.21
Positive
Market Momentum
>-0.01
Positive
47.93
Neutral
82.14
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DLI, the sentiment is Negative. The current price of 0.22 is below the 20-day moving average (MA) of 0.23, below the 50-day MA of 0.22, and above the 200-day MA of 0.21, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.93 is Neutral, neither overbought nor oversold. The STOCH value of 82.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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$192.38M | -165.96 | -2.84% | ― | ― | -92.31% | |
54 Neutral | AU$151.33M | 73.09 | 2.67% | ― | 593.88% | 80.32% | |
46 Neutral | AU$154.23M | -75.67 | -0.88% | ― | ― | 78.67% | |
46 Neutral | AU$90.64M | -7.14 | -30.54% | ― | ― | 31.55% | |
44 Neutral | AU$134.30M | -14.00 | -8.83% | ― | ― | ― | |
44 Neutral | AU$178.93M | -30.70 | -26.45% | ― | ― | -3250.00% |
* Basic Materials Sector Average
AU:DLI
Delta Lithium Limited
0.22
0.04
22.86%
AU:CY5
Cygnus Metals Limited
0.11
0.02
22.22%
AU:KAU
Kaiser Reef Ltd
0.25
0.06
31.58%
AU:VTM
Victory Goldfields Limited
1.36
0.54
65.85%
AU:IXR
Ionic Rare Earths Limited
0.40
0.07
21.58%
AU:HRN
Horizon Gold Ltd
1.08
0.51
88.81%
Delta Lithium Limited Corporate Events
Delta Lithium Flags High-Grade Fluorite Find and Progress at Mt Ida
May 10, 2026
Delta Lithium has reported an exploration update highlighting the discovery of widespread high-grade fluorite mineralisation at its Yinnetharra project and the lodgement of a new mining lease application to cover potential underground extensions o...
Delta Lithium Issues 8.7 Million Unquoted Performance Rights Under Employee Scheme
May 10, 2026
Delta Lithium Limited has notified the market of the issue of 8,730,000 unquoted performance rights under its employee incentive scheme, effective 8 May 2026. The new securities, which will not be quoted on the ASX, are part of the company’s...
Delta Lithium Flags Lapse of 413,332 Performance Rights
Apr 30, 2026
Delta Lithium Limited has notified the market that 413,332 performance rights, trading under the ASX code DLIAJ, have lapsed after the conditions attached to those rights were not met or became incapable of being satisfied as of 28 April 2026. The...
Delta Lithium Director Joshua Thurlow to Exit Board in 2026
Apr 29, 2026
Delta Lithium Limited has announced that director Joshua Thurlow has ceased to be a director of the company effective 28 April 2026. The company reported that Thurlow holds no relevant interests in Delta Lithium securities and has no interests in ...
Delta Lithium Director Resigns as MinRes Retains Strategic Support
Apr 29, 2026
Delta Lithium Limited has announced the resignation of Non-executive Director Joshua Thurlow, who had served as Mineral Resources Ltd’s nominee on the board since September 2023 and sat on the Remuneration and Nomination Committee. The board...
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...
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.