Labyrinth Resources Limited (AU:GG8)
ASX:GG8
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Labyrinth Resources Limited
(Sydney:GG8)
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Rating:55Neutral
Price Target:
AU$0.34
▼(-6.11% Downside)
Action:Reiterated
Date:05/08/26
The score is driven primarily by a conservative balance sheet but weighed down by the pre-revenue profile, persistent losses, and negative cash flow. Technicals are moderately supportive in the near term, while valuation is weak due to unprofitability and no dividend support.
Positive Factors
Conservative balance sheet
Very low debt and minimal leverage materially reduce solvency risk for an exploration company. This durable financial strength increases flexibility to weather multi-year exploration cycles and reduces near-term refinancing pressure while projects mature.
Negative Factors
Pre-revenue operating model
No operating revenue means the company's value and future cash generation hinge entirely on successful exploration, resource definition, or asset monetization. This creates persistent execution risk and a long horizon before self-sustaining cash flows can emerge.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low debt and minimal leverage materially reduce solvency risk for an exploration company. This durable financial strength increases flexibility to weather multi-year exploration cycles and reduces near-term refinancing pressure while projects mature.
Read all positive factors
Labyrinth Resources Limited (GG8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$241.78M
Dividend YieldN/A
Average Volume (3M)1.53M
Price to Earnings (P/E)―
Beta (1Y)0.59
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
Headquartered in Subiaco, Australia, and established in 1970, Gorilla Gold Mines Ltd focuses on the discovery and advancement of mineral resources throughout Australia. The company actively seeks out a variety of valuable deposits, including gold,...
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
Negative
0.36
Price Trends
0.37
Negative
0.39
Negative
0.42
Negative
Market Momentum
>-0.01
Positive
39.17
Neutral
48.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GG8, the sentiment is Negative. The current price of 0.36 is above the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.37, and below the 200-day MA of 0.42, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 39.17 is Neutral, neither overbought nor oversold. The STOCH value of 48.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
60 Neutral | AU$510.62M | 4.02 | 105.77% | ― | 1594866.18% | ― | |
55 Neutral | AU$241.78M | -55.91 | -4.01% | ― | ― | 77.84% | |
45 Neutral | AU$499.77M | -22.25 | -37.20% | ― | ― | -11.42% | |
44 Neutral | AU$39.91M | -5.61 | -25.27% | ― | ― | -31.13% | |
43 Neutral | AU$68.05M | -9.84 | -9.37% | ― | ― | -119.82% |
* Basic Materials Sector Average
AU:GG8
Labyrinth Resources Limited
0.33
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-19.51%
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Jindalee Resources Limited
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Odin Metals Ltd
0.27
0.12
79.19%
Labyrinth Resources Limited Corporate Events
Gorilla Gold Expands High-Grade Zone at Sovereign Deposit, Ramps Up Drilling Fleet
May 29, 2026
Gorilla Gold Mines has reported multiple new high-grade gold intercepts from ongoing drilling at the Sovereign Deposit within its 100%-owned Comet Vale Gold Project, about 100km north of Kalgoorlie. These results extend the high-grade zone at Sove...
Gorilla Gold Unveils Fourth Shallow Discovery at North Kalgoorlie Hub
May 10, 2026
Gorilla Gold has reported a new shallow gold discovery at the newly named Diddy Kong prospect within its Comet Vale Gold Project, about 100km north of Kalgoorlie in Western Australia. The prospect lies 1km south of the recent Magilla and Donkey Ko...
Gorilla Gold Uncovers High-Grade Footwall Lode at Sovereign Deposit
May 3, 2026
Gorilla Gold has announced a significant new high-grade footwall lode discovery at the Sovereign Deposit within its Comet Vale Gold Project in Western Australia. The newly identified zone, intersected with 9.3 metres at 20.6 grams per tonne gold f...
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...
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.