Labyrinth Resources Limited (AU:GG8)
ASX:GG8
Want to see AU:GG8 full AI Analyst Report?
Top Page
Labyrinth Resources Limited
(Sydney:GG8)
Select Model
Select Model
Rating:48Neutral
Price Target:
AU$0.34
â–¼(-5.00% Downside)
Action:ReiteratedDate:03/23/26
The score is held back primarily by pre-revenue financial performance with ongoing losses and cash burn, implying continued funding dependence. Technicals also weigh on the score due to a clear downtrend despite oversold readings. The balance sheet’s very low leverage provides some offsetting support.
Positive Factors
Conservative balance sheet
Extremely low debt and a negligible debt-to-equity ratio materially reduce solvency and refinancing risk for an explorer. This structural strength gives management time and optionality to pursue multi-year exploration programs without imminent creditor pressure, supporting continuity of operations.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow indicate structural cash burn from exploration and investments. Over a multi-month horizon this increases dependence on external funding, constrains the pace of project advancement, and raises the risk of program delays or dilution if capital markets tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low debt and a negligible debt-to-equity ratio materially reduce solvency and refinancing risk for an explorer. This structural strength gives management time and optionality to pursue multi-year exploration programs without imminent creditor pressure, supporting continuity of operations.
Read all positive factors
Labyrinth Resources Limited (GG8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$245.44M
Dividend YieldN/A
Average Volume (3M)1.53M
Price to Earnings (P/E)―
Beta (1Y)0.62
Revenue GrowthN/A
EPS Growth77.84%
CountryAU
Employees280
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding732,653,100
10 Day Avg. Volume1,583,234
30 Day Avg. Volume1,534,050
Financial Highlights & Ratios
PEG Ratio0.89
Price to Book (P/B)2.01
Price to Sales (P/S)0.00
P/FCF Ratio-36.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.00Price Target Upside177.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Labyrinth Resources Limited Business Overview & Revenue Model
Company Description
Gorilla Gold Mines Ltd engages in the exploration and development of mineral properties in Australia. It explores for gold, lithium, rare earth elements, copper, tungsten, and nickel deposits. The company was formerly known as Labyrinth Resources ...
How the Company Makes Money
Labyrinth Resources Limited does not have a typical operating revenue model from selling products or services; as an exploration-stage company, it generally does not generate recurring revenue from mineral production. Its ability to fund operation...
Labyrinth Resources Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
29
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 1.10M | 0.00 | 0.00 |
| Gross Profit | -82.98K | -47.08K | -96.89K | 190.45K | 0.00 | -7.30K |
| EBITDA | -4.73M | -3.13M | -3.49M | -5.85M | -6.89M | -3.80M |
| Net Income | -4.23M | -3.18M | -3.27M | -6.18M | -6.92M | -4.07M |
Balance Sheet | ||||||
| Total Assets | 124.40M | 95.96M | 25.21M | 25.86M | 27.17M | 9.87M |
| Cash, Cash Equivalents and Short-Term Investments | 37.23M | 25.11M | 287.07K | 418.16K | 2.36M | 4.59M |
| Total Debt | 111.98K | 140.29K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.09M | 4.91M | 20.18M | 19.17M | 16.30M | 2.12M |
| Stockholders Equity | 120.31M | 91.05M | 5.03M | 6.69M | 10.87M | 7.75M |
Cash Flow | ||||||
| Free Cash Flow | -23.60M | -5.07M | -1.60M | -4.09M | -10.56M | -1.06M |
| Operating Cash Flow | -2.41M | -1.64M | 264.03K | -573.33K | -2.54M | -1.06M |
| Investing Cash Flow | -50.61M | -18.97M | -1.14M | -2.11M | -7.68M | 3.97M |
| Financing Cash Flow | 80.95M | 45.44M | 1.47M | 1.52M | 7.99M | 246.51K |
Labyrinth Resources Limited Technical Analysis
Neutral
0.36
Price Trends
0.39
Negative
0.44
Negative
0.42
Negative
Market Momentum
>-0.01
Negative
48.28
Neutral
55.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GG8, the sentiment is Neutral. The current price of 0.36 is above the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.39, and below the 200-day MA of 0.42, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.28 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:GG8.
Labyrinth Resources 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% | |
58 Neutral | AU$510.62M | 59.59 | 10.14% | ― | 130526.95% | ― | |
52 Neutral | AU$57.39M | -4.62 | -25.27% | ― | ― | -31.02% | |
48 Neutral | AU$245.44M | -58.52 | -4.01% | ― | ― | 77.84% | |
45 Neutral | AU$431.71M | -12.61 | -37.20% | ― | ― | -11.42% | |
43 Neutral | AU$85.80M | -10.68 | -9.37% | ― | ― | -119.82% |
* Basic Materials Sector Average
AU:GG8
Labyrinth Resources Limited
0.34
-0.11
-24.72%
AU:NMG
Ora Gold
0.05
0.03
193.75%
AU:JLL
Jindalee Resources Limited
0.56
0.10
21.74%
AU:ASL
Mitre Mining Corporation Limited
2.03
1.06
109.28%
AU:PTN
Kin Mining NL
0.06
>-0.01
-3.33%
AU:G11
Odin Metals Ltd
0.35
0.20
131.54%
Labyrinth Resources Limited Corporate Events
Gorilla Gold Steps Up WA Drilling as High-Grade Hits Extend Resources
Apr 28, 2026
Gorilla Gold has ramped up its 2026 exploration program in Western Australia, running six rigs across Comet Vale, Mulwarrie and Vivien as it targets another major increase in high-grade resources at its North Kalgoorlie Hub. The company completed ...
Labyrinth Resources Grants Director Craig Jones $372,000 in Performance Rights
Apr 21, 2026
Labyrinth Resources Limited has disclosed a change in director Craig Jones’s relevant interests, with his indirect holding vehicle Kadgie Mining Pty Ltd receiving a substantial grant of performance rights. The issue comprises 550,000 Class A...
Gorilla Gold Mines Performance Rights Lapse After Vesting Conditions Unmet
Apr 21, 2026
Gorilla Gold Mines has confirmed the lapse of 200,625 performance rights, which ceased on 20 April 2026 after the conditions attached to those rights were not met or became incapable of being satisfied. The cessation marginally reduces the company...
Gorilla Gold Mines Issues New Performance Rights Under Incentive Scheme
Apr 21, 2026
Gorilla Gold Mines Ltd has issued 67,500 unquoted performance rights under its employee incentive scheme, with the securities not intended to be quoted on the ASX. The move underscores the company’s continued reliance on equity-based remuner...
Gorilla Gold Mines Issues 1 Million Unquoted Performance Rights
Apr 21, 2026
Gorilla Gold Mines Ltd has issued 1,000,000 unquoted performance rights under its employee incentive scheme, with an issue date of 20 April 2026. The new award, which will not be quoted on the ASX, is designed to align staff and key personnel with...
Gorilla Gold Mines outlines WA gold portfolio under strict reporting disclaimers
Apr 9, 2026
Gorilla Gold Mines Ltd has issued a presentation outlining general information about its high-grade gold operations in Western Australia and its portfolio of mineral resources at projects such as Comet Vale, Mulwarrie, Vivien and Labyrinth. The co...
Gorilla Gold Hits High-Grade Intercepts at Comet Vale as Drilling Campaign Expands
Apr 7, 2026
Gorilla Gold has reported multiple high-grade gold intercepts from growth drilling at the Sovereign Deposit within its Comet Vale Gold Project, part of the 1.2-million-ounce North Kalgoorlie Hub. The latest results, which include several thick and...
Gorilla Gold Mines Shareholders Back All Resolutions at Extraordinary Meeting
Apr 7, 2026
Gorilla Gold Mines reported that all resolutions put to shareholders at its 7 April 2026 extraordinary general meeting were passed by poll, including ratification of previous share placements and approval of new performance rights to a related par...
Gorilla Gold Mines Lists New Shares for Tenement Acquisition
Mar 18, 2026
Gorilla Gold Mines has applied for quotation on the ASX of 508,937 new fully paid ordinary shares under code GG8. The shares were issued on 17 March 2026 as consideration for the acquisition of a mining tenement, signalling continued expansion of ...
Gorilla Gold Mines Reaffirms High-Grade WA Resources in New Investor Presentation
Mar 18, 2026
Gorilla Gold Mines Ltd has released an investor presentation outlining its rapidly growing high-grade gold operations in Western Australia, highlighting Mineral Resource estimates for its Comet Vale, Mulwarrie, Vivien and Labyrinth projects. The c...
Gorilla Gold hits high-grade step-out at Mulwarrie, flags major growth potential
Mar 17, 2026
Gorilla Gold Mines has reported high-grade gold intersections from the first step-out drilling more than 700 metres beyond the existing 350,000-ounce mineral resource at its Mulwarrie Gold Project, signalling strong potential for substantial resou...
Gorilla Gold Mines Details Corporate Structure in Half-Year Report
Mar 6, 2026
Gorilla Gold Mines Ltd has released its half-year report for the period ended 31 December 2025, outlining its current corporate structure and key governance roles. The report details the company’s board of directors, executive leadership, au...
Gorilla Gold Mines Moves to Digital-First Access for April Extraordinary General Meeting
Mar 6, 2026
Gorilla Gold Mines Ltd has called an in-person Extraordinary General Meeting to be held in Perth on 7 April 2026, with the full notice and materials made available electronically via the company’s website and ASX announcements page. In line ...
Gorilla Gold Mines Issues 2 Million Shares Under Employee Incentive Scheme
Feb 25, 2026
Gorilla Gold Mines has issued 2,000,000 fully paid ordinary shares following the exercise of vested performance rights under its Employee Securities Incentive Scheme. The shares were issued without a prospectus under the Corporations Act provision...
Gorilla Gold Mines Seeks ASX Quotation for 2 Million New Shares
Feb 25, 2026
Gorilla Gold Mines has applied to the ASX for quotation of 2,000,000 new ordinary fully paid shares under its GG8 ticker. The new securities, issued on February 25, 2026, modestly expand the company’s listed share base and may support its fu...
Gorilla Gold Issues Corrected Drill Data for Comet Vale Program
Feb 23, 2026
Gorilla Gold Mines has issued an update to its earlier announcement on thick drilling intercepts at the Comet Vale project in Western Australia. The company has replaced the original technical drilling table with a revised version, detailing hole ...
Gorilla Gold Mines outlines aggressive high-grade drilling strategy in Tier-1 goldfields
Feb 9, 2026
Gorilla Gold Mines has released an investor presentation outlining its strategy of rapid value creation via aggressive drilling programs aimed at high-grade gold targets in top-tier goldfields. The company underscores that its existing mineral res...
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.