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Delta Lithium Limited
(Sydney:DLI)
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Rating:46Neutral
Price Target:
AU$0.16
▼(-1.88% Downside)
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
Strong balance sheet
Very low leverage and substantial equity create durable financial flexibility, allowing the company to fund exploration and absorb losses without immediate refinancing. This conserves optionality for project development and reduces bankruptcy risk over the next 2–6 months.
Negative Factors
Ongoing losses
Sustained operating and net losses mean internal earnings cannot fund growth; continued negative profitability over multiple periods reduces retained capital and increases the likelihood the company will need external funding, diluting shareholders or constraining projects.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Very low leverage and substantial equity create durable financial flexibility, allowing the company to fund exploration and absorb losses without immediate refinancing. This conserves optionality for project development and reduces bankruptcy risk over the next 2–6 months.
Read all positive factors
Delta Lithium Limited (DLI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$129.45M
Dividend YieldN/A
Average Volume (3M)872.49K
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue GrowthN/A
EPS Growth78.67%
CountryAU
Employees76
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding719,189,500
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$0.23Price Target Upside43.75% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$1.50M
Delta Lithium Limited Business Overview & Revenue Model
Company Description
Based in Subiaco, Australia, and established in 2003, Delta Lithium Limited (which operated as Red Dirt Metals Limited until its renaming in April 2023) specializes in identifying and advancing lithium resources throughout Western Australia. Its f...
How the Company Makes Money
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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
0.16
Price Trends
0.17
Positive
0.20
Negative
0.21
Negative
Market Momentum
<0.01
Negative
56.86
Neutral
49.05
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 0.16 is below the 20-day moving average (MA) of 0.17, below the 50-day MA of 0.17, and below the 200-day MA of 0.21, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 56.86 is Neutral, neither overbought nor oversold. The STOCH value of 49.05 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 |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$2.42B | 20.87 | 12.77% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | AU$129.45M | -44.05 | -0.88% | ― | ― | 78.67% | |
46 Neutral | AU$72.90M | -4.76 | -30.54% | ― | ― | 31.55% | |
38 Underperform | AU$78.44M | -14.31 | -3.73% | ― | ― | 51.89% |
* Basic Materials Sector Average
AU:DLI
Delta Lithium Limited
0.19
0.02
12.12%
AU:ALK
Alkane Resources Ltd
1.80
0.81
82.23%
AU:LAC
Ardiden
0.36
0.19
121.87%
AU:IXR
Ionic Rare Earths Limited
0.28
-0.20
-42.71%
Delta Lithium Limited Corporate Events
Delta Lithium advances Mt Ida and Yinnetharra projects on strong June quarter
Jul 26, 2026
Delta Lithium reported a solid June quarter, advancing drilling at its Mt Ida project with further high-grade lithium intercepts that bolster confidence in the deposit and underpin a newly commenced scoping study. Metallurgical test work indicates...
Delta Lithium calls extraordinary meeting to ratify prior share issue
Jul 10, 2026
Delta Lithium Limited has called an extraordinary general meeting of shareholders to be held in West Perth on 12 August 2026, with eligibility to vote determined as at 10 August 2026. The company is urging shareholders who may be unable to attend ...
Delta Lithium issues new shares to acquire Morrissey Hill and Camel Hill projects
Jun 23, 2026
Delta Lithium has issued 1,826,484 fully paid ordinary shares as consideration for the acquisition of the Morrissey Hill and Camel Hill lithium projects, pricing the new stock at $0.219 per share based on the 30-day volume weighted average. The mo...
Delta Lithium Seeks ASX Quotation for New Share Issuance
Jun 22, 2026
Delta Lithium Limited has applied for the quotation of 1,826,484 ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 22 June 2026. The new securities, issued under a previously announced transaction, will increa...
Delta Lithium Ends Ti-Tree JV to Focus on 100% Owned Yinnetharra Tenure
Jun 17, 2026
Delta Lithium has confirmed that it and Voltaic Strategic Resources have mutually agreed to terminate the earn-in joint venture over the Ti-Tree project, which covered one granted tenement and two applications in the Yinnetharra region of Western ...
Delta Lithium Issues 3 Million Unquoted Performance Rights Under Incentive Plan
Jun 16, 2026
Delta Lithium Limited has notified the market of the issue of 3,000,000 unquoted performance rights under its employee incentive scheme, effective June 15, 2026. The move reflects the company’s continued use of equity-based remuneration to a...
Delta Lithium Reports Lapse of 1.27 Million Performance Rights
Jun 16, 2026
Delta Lithium Limited has notified the ASX that 1,266,666 performance rights with the code DLIAJ have lapsed as of 15 June 2026. The lapse occurred because the conditional requirements attached to these rights were not met or were no longer capabl...
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...
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.