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Investigator Resources Ltd
(Sydney:IVR)
Investigator Resources Ltd (IVR) vs. iShares MSCI Australia ETF (EWA)
Investigator Resources Ltd Business Overview & Revenue Model
Investigator Resources Ltd Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.46M | 1.46M | 13.64K | 14.59K | 234.28K | 20.00K |
| Gross Profit | 1.46M | 1.46M | 13.64K | -2.85K | 222.31K | 1.71K |
| EBITDA | -540.78K | 247.12K | -1.96M | -2.62M | -4.12M | -1.96M |
| Net Income | -1.73M | 227.70K | -1.98M | -2.64M | -4.13M | -1.98M |
Balance Sheet | ||||||
| Total Assets | 48.92M | 39.53M | 35.57M | 31.76M | 29.94M | 33.21M |
| Cash, Cash Equivalents and Short-Term Investments | 12.04M | 5.07M | 4.53M | 4.50M | 6.22M | 11.59M |
| Total Debt | 118.74K | 166.00K | 120.01K | 92.44K | 141.93K | 114.45K |
| Total Liabilities | 1.03M | 735.67K | 1.60M | 1.05M | 1.53M | 951.22K |
| Stockholders Equity | 47.89M | 38.79M | 33.97M | 30.71M | 28.41M | 32.26M |
Cash Flow | ||||||
| Free Cash Flow | -2.88M | -5.30M | -5.37M | -5.99M | -5.32M | -5.68M |
| Operating Cash Flow | -1.45M | -1.54M | -1.17M | -1.40M | -1.06M | -826.37K |
| Investing Cash Flow | -3.08M | -2.23M | -4.09M | -4.64M | -4.50M | -4.94M |
| Financing Cash Flow | 13.83M | 4.31M | 5.29M | 4.32M | 192.00K | 14.86M |
Investigator Resources Ltd Technical Analysis
Investigator Resources Ltd Peers Comparison
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% | |
52 Neutral | AU$34.36M | -3.40 | -15.13% | ― | ― | 23.60% | |
47 Neutral | AU$55.61M | -5.23 | -116.65% | ― | ― | -11.33% | |
44 Neutral | AU$133.78M | -5.36 | -1.95% | ― | ― | 21.74% | |
43 Neutral | AU$200.04M | -60.23 | -3.98% | ― | ― | ― | |
43 Neutral | AU$41.44M | -11.22 | -13.86% | ― | ― | -12.34% | |
43 Neutral | AU$27.74M | -2.68 | -27.12% | ― | ― | ― |
Investigator Resources Ltd Corporate Events
Investigator Silver Limited has applied for quotation on the ASX of 484,477,741 ordinary fully paid shares under its ticker IVR, with an issue date of March 10, 2026. The substantial volume of new securities, which follow previously announced transactions, will expand the company’s listed capital base and may influence its market liquidity and shareholder structure once trading commences.
The application confirms compliance with ASX Listing Rules for quotation, formalising the next step in bringing these securities onto the market. This move positions Investigator Silver to potentially broaden investor participation and could support future funding flexibility for its silver-focused activities, depending on market reception of the enlarged register.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has issued 484,477,741 fully paid ordinary shares at $0.086 each under the first tranche of a placement to sophisticated and professional investors. The new shares were issued without a prospectus under the Corporations Act provisions that allow placement to such investors, reflecting the company’s ongoing reliance on equity capital to support its operations.
The company confirmed it is up to date with its financial reporting and continuous disclosure obligations, and that there is no excluded information requiring disclosure in connection with this share issue. This cleansing notice facilitates secondary trading of the newly issued shares and signals regulatory compliance, providing assurance to market participants about the transparency of the placement and the company’s governance standards.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has applied for quotation on the ASX of 113,640 new ordinary fully paid shares under its IVR ticker, with an issue date of 6 March 2026. The new securities arise from the exercise or conversion of existing options or other convertible instruments, marginally increasing the company’s quoted share base and potentially broadening its shareholder participation.
The issuance of additional quoted shares indicates ongoing utilisation of equity-based instruments within Investigator Silver’s capital structure, which may support funding flexibility for its resource-focused activities. While the number of new shares is relatively small, the move reflects continued engagement by holders of options or convertible securities and a modest dilution for existing shareholders.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has issued its Half Year Financial Report for the period ended 31 December 2025, outlining its corporate directory, directors’ report, review of operations, and financial statements including profit or loss, financial position, changes in equity, and cash flows. The release signals routine financial disclosure to keep investors informed, but offers no specific operational or strategic updates in the provided excerpt, limiting insight into performance or future positioning for stakeholders.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has lodged an Appendix 3B with the ASX outlining a proposed issue of up to 639,534,884 ordinary fully paid shares. The new securities, to be issued via a placement or similar structure and targeted for 10 March 2026, signal a substantial prospective equity raising that could significantly impact the company’s capital structure and shareholder base.
The proposed issue, disclosed as a new announcement on 3 March 2026, forms part of the company’s engagement with ASX listing requirements for quotation of new securities. While specific use-of-funds details are not provided, the scale of the placement suggests a material funding initiative that may influence Investigator Silver’s ability to advance its projects and its positioning within the silver exploration sector.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver has secured firm commitments for a A$55 million two-tranche institutional placement at A$0.086 per share to accelerate development of its Paris Silver Project. The raising, strongly supported by new and existing institutional investors including major shareholder Jupiter Asset Management, follows a definitive feasibility study indicating robust project economics and a rapid payback period.
The strengthened balance sheet allows Investigator to move directly from study to execution, funding early works, engineering and design, permitting, and long-lead procurement to bring forward first silver production. The company will also undertake high-density drilling in initial mining areas and expansion drilling along the broader Paris corridor to bolster geological confidence, support debt financing terms and advance Paris toward a construction-ready, near-term silver operation.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has released a Definitive Feasibility Study for its Paris Silver Project in South Australia, outlining a conventional shallow open-pit operation with contract mining and whole-ore cyanide leach processing. The study underpins an initial 11-year mine life, with higher-intensity mining in the first two years to access higher-grade ore and build stockpiles that support later production.
The DFS points to strong project economics, including high pre-tax NPVs, internal rates of return, and rapid payback periods under both spot and consensus silver price cases. With an all-in sustaining cost of A$39.70 per ounce and a relatively modest A$260 million peak funding requirement, the project is positioned as a high-margin, finance-ready development featuring sizable low-grade stockpiles that bolster downside protection and lender confidence.
The ore reserves and mineral resources that support the production target have been prepared under the JORC Code by independent Competent Persons, reinforcing the technical foundations of the project. Paris also offers leverage to higher silver prices and sits within a 15-kilometre mineralised corridor, giving the company district-scale growth options via potential satellite deposits near the planned processing plant and tailings storage facility.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has requested and been granted a trading halt on its securities IVR and IVROB on the ASX, as it prepares to release material announcements. The halt is intended to manage the company’s continuous disclosure obligations ahead of disclosing Definitive Feasibility Study and Ore Reserve results for the Paris Silver Project, as well as details of a material capital raising, which may influence its funding position and project timeline.
Trading in Investigator’s shares will remain paused until either the start of normal ASX trading on 3 March 2026 or the earlier release of the capital raising announcement. The forthcoming DFS and Ore Reserve updates, together with the capital raising, are likely to be pivotal for investors’ assessment of the Paris Silver Project’s economics and could mark a key step in transitioning the company from exploration and study into potential project development.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has applied to the ASX for quotation of 1,046,610 new ordinary fully paid shares, following the issue of these securities on 6 February 2026. The additional quotation modestly increases the company’s share capital base, reflecting the conversion or exercise of existing options or other convertible securities, and may incrementally enhance liquidity and broaden participation for current and prospective shareholders without indicating a fundamental change to its operations.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has issued an amended quarterly activities and cash flow report for the December 2025 quarter, primarily to retract previously disclosed pit optimisation and mine design information to comply with ASX listing rules and to clarify DFS-related disclosures for the Paris Silver Project. The company confirmed that optimisation work for its Definitive Feasibility Study has identified a proposed optimal plant throughput of 1.5 Mtpa and achieved an estimated 6% uplift in silver recoveries through finer grind metallurgical improvements, which are being incorporated into the DFS now targeted for delivery in the first half of 2026. Exploration processing at the nearby Black Hill Project has delineated two high-priority silver targets, Athena and Hestia, within the Paris Silver Corridor, underscoring potential for additional resources close to the planned mine. On the corporate front, Investigator strengthened its balance sheet via a $10 million institutional placement to support DFS, permitting and exploration activities, and completed a rebrand to Investigator Silver Limited to signal its sharpened focus as a dedicated silver developer.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has issued an amended update on its Paris Silver Project Definitive Feasibility Study (DFS), retracting earlier references to pit optimisation study results because they did not meet specific ASX listing rule requirements, and advising investors not to rely on those previous figures. The company reports metallurgical improvements at Paris, achieving about a 6% increase in silver recovery by reducing the primary grind size to 53 microns in the dominant ore type, and has adopted this change as the new design basis for the DFS, which is now being integrated into detailed engineering and cost estimation work and remains on schedule for completion in the first half of 2026, underscoring the project’s leverage to strong silver prices and its progression toward a finance-ready development plan.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has applied to the ASX for quotation of 297,965 new ordinary fully paid shares, following the issue of these securities on 30 January 2026. The modest increase in quoted capital, arising from the exercise or conversion of existing instruments, marginally enlarges the company’s free float and may slightly enhance liquidity for shareholders without materially altering the company’s capital structure.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has applied to the ASX for quotation of 1,217,220 additional ordinary fully paid shares, issued on 23 January 2026 following the exercise or conversion of existing options or other convertible securities. The modest increase in quoted securities slightly expands the company’s listed equity base, reflecting investor take-up of convertibles and potentially improving liquidity in IVR shares without materially altering its capital structure.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited reported further progress on the Definitive Feasibility Study for its Paris Silver Project, confirming a proposed optimal plant throughput of 1.5 Mtpa following finance stress testing and incorporating updated pit optimisation and metallurgical gains into the study. Revised mine planning assumptions, including higher silver prices and updated costs, have reduced the economic cut-off grade, improved the strip ratio and delivered a roughly 6% uplift in silver recovery through finer grind optimisation, reinforcing the project’s economics and resilience ahead of the DFS targeted for completion in the first half of 2026. Exploration activities continued to expand the Paris Silver Corridor, with new high-priority silver targets identified at the Black Hill Project, while early permitting and planned grade control drilling are designed to accelerate the approvals pathway, strengthen geological confidence and support project financing. The company also strengthened its balance sheet through a $10 million institutional placement, ended the quarter with $12 million in cash and additional in-the-money options, and rebranded to Investigator Silver Limited, underlining its strategic focus on silver and its ambition to move Paris efficiently from study to development, potentially enhancing long-term value for shareholders.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has applied to the ASX for quotation of 573,382 new ordinary fully paid shares, issued on 16 January 2026 following the exercise of options or conversion of other securities. The modest increase in quoted capital reflects ongoing shareholder participation in equity-based instruments and slightly broadens the company’s free float, potentially enhancing liquidity in its stock without signalling a major change to its capital structure or operations.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has completed the sale of its 25% interest in the Molyhil tungsten–molybdenum project in the Northern Territory to Tivan Limited, receiving a A$750,000 completion payment and bringing total upfront cash proceeds to A$875,000. The company retains rights to a further A$1.31 million in deferred consideration over three years, part of which may be paid in Tivan shares, and positions the divestment as a strategic move to crystallise value from a non-core asset and sharpen its focus on advancing the Paris Silver Project and other precious metals initiatives, thereby simplifying its asset portfolio and reinforcing its financial capacity for core project development.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Thor Energy has received a A$2.25 million cash completion payment from Tivan Limited for the sale of its interest in the FRAM Joint Venture, which includes the Molyhil tungsten, molybdenum and copper project in Australia’s Northern Territory, taking total cash received so far to A$2.625 million. Three additional annual deferred payments of A$1.3125 million each, due between September 2026 and September 2028 and payable in cash or Tivan shares, will lift total consideration to A$6.5625 million, giving Thor a significant non-dilutive boost to its balance sheet to advance its HY-Range hydrogen and helium project and accelerate work on its retained Alford East copper portfolio, potentially strengthening its position in both clean energy and copper markets.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Tivan Limited has completed the acquisition of 100% of the Molyhil Tungsten-Molybdenum Project in the Northern Territory, along with the assignment of mineral rights over the adjacent Sandover Fluorite Project, for total consideration of $8.75 million in a combination of upfront and deferred payments. The Molyhil Project hosts a JORC-compliant mineral resource of 4.647 million tonnes containing significant tungsten and molybdenum, supported by existing water infrastructure, and sits near Tivan’s broader critical minerals footprint.
Following the acquisition, Tivan is fast-tracking development with a drilling program scheduled for March 2026 aimed at resource expansion, while advancing a Scoping Study targeted for completion by April 2026 and laying the groundwork for a subsequent Pre-Feasibility Study. The company has completed a preliminary commercial assessment, an independent review of the resource by SRK Consulting, and designed metallurgical testwork to refine processing options, alongside environmental approvals planning and continued engagement with the Central Land Council on cultural heritage, land access and community development initiatives. A Memorandum of Understanding with Sumitomo Corporation adds potential support for development, funding and operation of Molyhil, strengthening Tivan’s positioning in globally strategic tungsten and molybdenum supply chains amid existing export restrictions from China.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.15 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has applied for quotation on the ASX of 995,720 new ordinary fully paid shares, to be issued on 8 January 2026 following the exercise of options or conversion of other securities. The relatively small share issue modestly increases the company’s issued capital and may reflect ongoing investor participation in previously granted options, but the announcement does not indicate any immediate change to its operations or strategic positioning beyond this capital adjustment.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has announced the cessation of 25,844,655 listed options (IVRAAC), which expired unexercised on 19 December 2025. The lapse of these options reduces the company’s pool of potential future equity issuance from this series, slightly simplifying its capital structure but without immediately affecting existing shareholders’ issued share capital.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has disclosed a change in the indirect interests of director Richard Hillis, following the exercise and lapse of certain unlisted options. Through family-related accounts, Hillis exercised 1,941,747 unlisted options on a cashless basis, resulting in the acquisition of 58,253 fully paid ordinary shares, while the remaining unlisted options in that tranche, expiring in December 2025, were effectively disposed of. After the transaction, Hillis’ indirect holdings now comprise 1,439,664 fully paid ordinary shares, 259,856 listed options exercisable at $0.042 expiring in March 2028, and 2,000,000 unlisted options exercisable at $0.0825 expiring in December 2028, signalling a consolidation of his equity position and extending his exposure to the company’s longer-dated options.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has applied to the ASX for quotation of 655,345 new ordinary fully paid shares, following the exercise of options or conversion of other securities. The additional shares, issued on 22 December 2025, will modestly expand the company’s quoted capital base, slightly diluting existing holders while providing incremental funding flexibility as it advances its exploration and development activities.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.
Investigator Silver Limited has issued 655,345 fully paid ordinary shares following the cashless exercise of employee options under its Employee Share Option Plan, increasing its share capital without raising new external funds. The company confirmed that the shares were issued without a disclosure document under the Corporations Act, that it is up to date with its financial reporting and continuous disclosure obligations, and that there is no excluded information that would need to be disclosed, signalling regulatory compliance and transparency for existing and potential shareholders.
The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.