Delta Lithium Limited (DLI) AI Stock Analysis

• Market Cap: AU$172.14M
• Dividend Yield: N/A
• Average Volume (3M): 872.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.14
• Revenue Growth: N/A
• EPS Growth: 71.98%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 717,231,800
• 10 Day Avg. Volume: 832,225
• 30 Day Avg. Volume: 872,494
• PEG Ratio: 0.41
• Price to Book (P/B): 0.46
• Price to Sales (P/S): 78.60
• P/FCF Ratio: -3.51
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.35
• Price Target Upside: 34.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: AU$0.24 ▼(-8.85% Downside)

The score is held back mainly by ongoing losses and continued cash burn despite a strong low-debt balance sheet. Technicals are supportive with an upward trend and positive momentum, but the negative P/E and lack of dividend underscore that the investment case is still dependent on improved profitability and cash generation.

Positive Factors

Strong Leadership

Strong leadership with extensive industry experience enhances strategic decision-making, potentially improving operational effectiveness and stakeholder confidence.

Strategic Demerger

The strategic demerger allows Delta to focus on core lithium assets, strengthening its balance sheet and potentially increasing resource development and market competitiveness.

Resource Expansion

Inclusion of rubidium in the resource estimate diversifies revenue streams and improves project economics, supporting long-term growth and financial stability.

Negative Factors

Cash Flow Challenges

Persistent negative cash flow indicates ongoing cash burn, posing risks to financial sustainability and necessitating external funding, which may dilute shareholder value.

Profitability Issues

Continued losses and negative profitability hinder financial health and may limit the company's ability to reinvest in growth or return value to shareholders.

Funding Needs

Ongoing funding requirements due to cash flow deficits could lead to increased debt or equity issuance, impacting financial flexibility and shareholder returns.

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 holds interest in the Yinnetharra lithium project that comprises of 4 granted tenements and 3 pending tenements covering an area of 575 square kilometers located in the northeast of Gascoyne junction; the Eureka gold project located to the north of Kalgoorlie; and the Earaheedy basin project covering an area of 270 square kilometers located east of Wiluna in Western Australia. The company was formerly known as Red Dirt Metals Limited and changed its name to Delta Lithium Limited in April 2023. Delta Lithium Limited was incorporated in 2003 and is based in Subiaco, Australia.

How the Company Makes Money

Delta Lithium Limited makes money primarily through the exploration, extraction, and sale of lithium products. Its revenue model is centered on mining lithium-rich ores from its owned or partnered mining sites and processing these ores into lithium concentrates. These concentrates are then sold to battery manufacturers and other industrial clients who use lithium as a critical component in their products. Key revenue streams include direct sales of lithium products and potential royalties or licensing fees from partnerships with other mining or processing firms. The company's earnings can also be influenced by fluctuations in global lithium prices, which are driven by market demand for electric vehicles and energy storage systems.

Delta Lithium Limited Financial Statement Overview

Summary

Delta Lithium Limited faces significant financial challenges with no revenue or profit generation. The company relies heavily on equity financing and has negative free cash flow, suggesting a high-risk profile. Despite the low debt levels, the lack of operational cash flow and increasing losses present serious sustainability concerns.

Income Statement

Delta Lithium Limited has no revenue, leading to negative profit margins and no revenue growth. The company is heavily operating at a loss with an increasing EBIT and net loss over the years, indicating financial instability.

Balance Sheet

Despite having no revenue, Delta Lithium maintains a solid equity base with a low debt-to-equity ratio due to minimal debt. However, the company's assets are largely equity-driven, which could pose risks if equity financing becomes constrained.

Cash Flow

The free cash flow is negative and deteriorating, indicating poor cash management. Operating cash flow is consistently negative, although the company has managed to raise substantial financing. There is a significant reliance on external financing to support operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	1.41M	0.00	0.00	0.00	0.00
Gross Profit	-302.03K	1.41M	-365.62K	-113.54K	-63.19K	0.00
EBITDA	-3.78M	-7.03M	-12.75M	-9.25M	-7.99M	-703.69K
Net Income	-3.51M	-3.68M	-12.49M	-8.54M	-8.06M	-704.86K
Balance Sheet
Total Assets	245.29M	245.29M	249.59M	194.62M	66.92M	20.55M
Cash, Cash Equivalents and Short-Term Investments	57.62M	57.62M	87.71M	85.85M	23.58M	1.61M
Total Debt	579.15K	579.15K	709.64K	117.56K	212.06K	0.00
Total Liabilities	6.36M	6.36M	8.15M	20.28M	6.56M	651.53K
Stockholders Equity	238.93M	238.93M	241.44M	174.34M	60.36M	19.90M
Cash Flow
Free Cash Flow	-31.57K	-31.58M	-67.59M	-40.58M	-14.59M	-4.00M
Operating Cash Flow	-1.71K	-785.52K	-4.83M	-4.36M	-1.21M	-740.44K
Investing Cash Flow	-17.62M	-28.07M	-62.76M	-34.17M	-24.14M	-3.19M
Financing Cash Flow	641.06K	641.06K	69.96M	99.48M	47.10M	3.75M

Delta Lithium Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.26
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 0.26 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.21, and above the 200-day MA of 0.18, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 58.56 is Neutral, neither overbought nor oversold. The STOCH value of 92.22 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
DLI	56 Neutral	AU$172.14M	-47.06	-1.53%	―	―	71.98%
HRN	54 Neutral	AU$145.05M	-127.61	-2.97%	―	―	42.74%
CY5	53 Neutral	AU$207.61M	-18.06	-7.66%	―	―	―
VTM	47 Neutral	AU$150.81M	-35.38	-27.81%	―	―	-35.98%
KAU	46 Neutral	AU$181.14M	-5.96	-43.66%	―	46.74%	-47.98%
IXR	46 Neutral	AU$109.11M	-7.22	-34.31%	―	―	52.94%

Delta Lithium Limited Corporate Events

Delta Lithium Announces Director’s Change in Interest

Delta Lithium Limited has announced a change in the director’s interest, specifically regarding the issuance of performance rights. The company issued 1,300,000 performance rights to director James Croser under the Delta Lithium Employee Incentive Plan, following shareholder approval at the recent AGM. This change reflects the company’s ongoing efforts to align management incentives with shareholder interests.

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.

Delta Lithium Issues Performance Rights to Boost Employee Engagement

Delta Lithium Limited has announced the issuance of 1,766,667 performance rights as part of an employee incentive scheme. This move is likely to enhance employee engagement and align their interests with the company’s growth objectives, potentially strengthening Delta Lithium’s position in the competitive lithium market.

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.

Delta Lithium Limited Successfully Passes All AGM Resolutions

Delta Lithium Limited held its Annual General Meeting on November 27, 2025, where all proposed resolutions were successfully carried. Key resolutions included the adoption of the Remuneration Report, re-election of a director, approval of a 10% placement facility, and renewal of proportional takeover provisions, indicating strong shareholder support and strategic positioning for future growth.

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.

Delta Lithium Limited Highlights Leadership Expertise in AGM Presentation

Delta Lithium Limited’s recent AGM presentation highlighted the extensive experience of its board members, emphasizing their expertise in mining, corporate governance, and strategic growth. This announcement underscores the company’s strong leadership and strategic positioning in the mining industry, potentially enhancing stakeholder confidence and operational effectiveness.

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.

Delta Lithium Limited Strengthens Position Amid Market Challenges

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.

Delta Lithium Limited: Financial Overview and Shareholder Structure

Delta Lithium Limited has a market capitalization of A$147 million and holds A$55 million in cash, with an enterprise value of A$92 million. The company’s major shareholders include Mineral Resources, Idemitsu, and Hancock Prospecting, indicating strong backing from significant industry players. This financial positioning and shareholder structure suggest a stable foundation for future growth and potential expansion in the lithium market.

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.

Delta Lithium Boosts Mt Ida Project with New Rubidium Resource

Delta Lithium Limited has updated the Mineral Resource Estimate (MRE) for its Mt Ida Lithium Project, now including a significant rubidium resource alongside lithium and tantalum. The project is fully permitted for open pit and underground mining, and the inclusion of rubidium is expected to enhance the project’s economics by adding a new revenue stream. The company is conducting downstream processing and vertical integration studies, with positive initial results. The ongoing gold drilling by Ballard Mining is providing additional data, increasing resource confidence and aiding in the de-risking of the project.

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.

Delta Lithium Adjusts Director’s Securities Amid Performance Hurdle Challenges

Delta Lithium Limited announced a change in the director’s interest, specifically regarding Nader El Sayed’s indirect interest through Nameo Pty Ltd. The announcement detailed the cancellation of 250,000 performance rights due to unmet performance hurdles, leaving El Sayed with 250,000 performance rights, 2,751,284 fully paid ordinary shares, and 1,000,000 unlisted options. This change reflects internal adjustments in the company’s executive compensation structure, potentially impacting stakeholders’ perception of performance incentives and corporate governance.

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.

Delta Lithium Limited Announces Director’s Interest Change

Delta Lithium Limited has announced a change in the interest of its director, James Croser, involving the cancellation of 250,000 performance rights due to unmet performance hurdles. This adjustment in securities does not alter the number of fully paid ordinary shares held by the director, maintaining the company’s operational stability and reflecting its ongoing commitment to performance-based incentives.

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.

Delta Lithium Limited Announces 2025 Annual General Meeting

Delta Lithium Limited has announced its upcoming annual general meeting scheduled for November 27, 2025, in West Perth, Australia. Shareholders are encouraged to participate via proxy voting if unable to attend in person, and to submit questions in advance. The meeting will address the company’s financial statements and reports, and include a non-binding vote on the adoption of the Remuneration Report. The outcomes of the meeting could influence the company’s remuneration policies and stakeholder engagement strategies.

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.

Delta Lithium Strengthens Focus on Core Lithium Assets with Strategic Demerger

Delta Lithium Limited has successfully completed the demerger and IPO of its Mt Ida Gold Project into Ballard Mining Limited, enhancing its balance sheet by over $80 million. This strategic move allows Delta to focus on its lithium portfolio, with ongoing exploration and drilling activities at Yinnetharra and Mt Ida, potentially increasing its lithium and rubidium resources.

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.

Delta Lithium Limited Issues New Performance Rights to Employees

Delta Lithium Limited has announced the issuance of 916,663 performance rights as part of an employee incentive scheme. This move is likely aimed at aligning employee interests with company performance, potentially enhancing productivity and retention, and thereby strengthening the company’s position in the competitive lithium market.

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.

Delta Lithium Limited Announces Cessation of Securities

Delta Lithium Limited announced the cessation of 1,000,000 securities, specifically options that expired on July 26, 2025, without being exercised or converted. This announcement may impact the company’s capital structure and could influence investor perception regarding the company’s financial strategies and future growth prospects.

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.

Delta Lithium Schedules 2025 AGM and Opens Director Nominations

Delta Lithium Limited has announced that its 2025 Annual General Meeting (AGM) will be held on 27 November 2025, with the election of directors as a key agenda item. The closing date for director nominations is 15 October 2025. This announcement is part of Delta’s ongoing efforts to maintain strong governance and strategic direction as it continues to develop its lithium projects, which are crucial for maximizing shareholder value.

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.