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Investigator Resources Ltd (AU:IVR)
ASX:IVR

Investigator Resources Ltd (IVR) AI Stock Analysis

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AU:IVR

Investigator Resources Ltd

(Sydney:IVR)

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Neutral 54 (OpenAI - 5.2)
Rating:54Neutral
Price Target:
AU$0.15
▲(48.00% Upside)
The score is primarily held back by weak cash flow and an extremely high P/E valuation, partly offset by a strong balance sheet and clear positive technical momentum (price above major moving averages with positive MACD).
Positive Factors
Low Leverage / Strong Balance Sheet
An extremely low debt-to-equity ratio (0.0043) gives Investigator Resources durable financial flexibility. Minimal leverage reduces refinancing and interest burdens, supports continued exploration funding, and preserves capacity to partner or pursue projects through commodity cycles.
Revenue Improvement with High Project Margins
Material revenue improvement coupled with a 100% gross profit margin suggests efficient on-site cost control and improving project economics. Sustained top-line growth and strong project-level margins enhance scalability and the ability to attract joint-venture partners over the medium term.
Focused Commodity Exposure & JV/Grant Optionality
A clear strategic focus on gold and silver with explicit pathways for revenue via sales, JVs and potential government grants provides structural advantages. This specialization aligns with persistent precious metals demand and offers durable routes to de-risk projects and access capital/technical partners.
Negative Factors
Negative Operating and Free Cash Flow
Persistent negative operating and free cash flows, and a FCF/net income ratio of 3.44, indicate cash generation is not yet aligned with reported profits. This forces ongoing external funding or asset sales, raising dilution and execution risk until operations produce sustainable positive cash flow.
Modest Net and Operating Profitability
Although revenue has improved, a net margin of 15.58% and only modest EBIT/EBITDA margins show operating expenses still materially reduce returns. Until structural cost efficiencies or scale are achieved, profitability may not translate into robust free cash flow for reinvestment or shareholder returns.
High Reliance on External Financing and Volatility
The business model depends heavily on capital raises, equity issuance and JVs to fund exploration. Combined with elevated beta (2.65), this increases dilution and makes project funding contingent on market conditions, heightening long-term execution and financing risk until cash generation improves.

Investigator Resources Ltd (IVR) vs. iShares MSCI Australia ETF (EWA)

Investigator Resources Ltd Business Overview & Revenue Model

Company DescriptionInvestigator Resources Ltd (IVR) is an Australian-based exploration and development company focused on the mining sector, particularly in the field of precious and base metals. The company is engaged in the identification, exploration, and development of mineral resources, primarily operating in regions known for their mineral wealth. IVR's core products include gold and silver, and it aims to enhance resource value through strategic exploration projects and partnerships.
How the Company Makes MoneyInvestigator Resources Ltd generates revenue primarily through the exploration and eventual extraction of mineral resources. The company makes money by securing financing for its exploration projects, which can include issuing shares, attracting investors, or forming joint ventures with larger mining firms. Key revenue streams include the sale of gold and silver extracted from its mining operations, as well as potential revenue from partnerships with other mining companies or stakeholders in the industry. Additionally, IVR may benefit from government grants or incentives aimed at promoting mineral exploration and development, contributing to its overall earnings.

Investigator Resources Ltd Financial Statement Overview

Summary
Mixed fundamentals: strong revenue improvement and a solid balance sheet with minimal leverage support stability, but weak cash flow (negative operating and free cash flow) and only modest profitability metrics keep the score below average.
Income Statement
45
Neutral
Investigator Resources Ltd has shown a significant improvement in revenue, with a remarkable revenue growth rate from the previous year. The gross profit margin remains strong at 100%, indicating efficient cost management. However, the net profit margin is relatively low at 15.58%, suggesting that expenses are still high relative to revenue. The EBIT and EBITDA margins have improved but remain modest, indicating room for operational efficiency improvements.
Balance Sheet
55
Neutral
The company maintains a low debt-to-equity ratio of 0.0043, indicating minimal leverage and a strong equity position. The return on equity is positive at 0.59%, reflecting a turnaround from previous losses, but still indicates limited profitability. The equity ratio is robust, suggesting a stable financial structure with a high proportion of assets financed by equity.
Cash Flow
40
Negative
The cash flow situation is challenging, with negative operating and free cash flows. The free cash flow to net income ratio is high at 3.44, indicating that cash flows are not yet aligned with net income. The operating cash flow to net income ratio is negative, highlighting cash flow management issues. Despite a slight improvement in free cash flow growth, the overall cash flow position remains weak.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.86M1.46M13.64K14.59K234.28K20.00K
Gross Profit2.85M1.46M13.64K-2.85K222.31K1.71K
EBITDA247.12K247.12K-1.96M-2.62M-4.12M-1.96M
Net Income227.70K227.70K-1.98M-2.64M-4.13M-1.98M
Balance Sheet
Total Assets39.53M39.53M35.57M31.76M29.94M33.21M
Cash, Cash Equivalents and Short-Term Investments5.07M5.07M4.53M4.50M6.22M11.59M
Total Debt166.00K166.00K120.01K92.44K141.93K114.45K
Total Liabilities735.67K735.67K1.60M1.05M1.53M951.22K
Stockholders Equity38.79M38.79M33.97M30.71M28.41M32.26M
Cash Flow
Free Cash Flow-5.30M-5.30M-5.37M-5.99M-5.32M-5.68M
Operating Cash Flow-1.54M-1.54M-1.17M-1.40M-1.06M-826.37K
Investing Cash Flow-2.23M-2.23M-4.09M-4.64M-4.50M-4.94M
Financing Cash Flow4.31M4.31M5.29M4.32M192.00K14.86M

Investigator Resources Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.10
Price Trends
50DMA
0.10
Positive
100DMA
0.08
Positive
200DMA
0.05
Positive
Market Momentum
MACD
0.01
Positive
RSI
54.58
Neutral
STOCH
42.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IVR, the sentiment is Positive. The current price of 0.1 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.10, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 54.58 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:IVR.

Investigator Resources Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
57
Neutral
AU$125.15M-44.44-1.95%21.74%
54
Neutral
AU$297.48M750.000.74%
52
Neutral
AU$41.88M-2.79-15.13%23.60%
45
Neutral
AU$69.04M-8.41-116.65%-11.33%
43
Neutral
AU$41.44M-6.89-13.86%-12.34%
42
Neutral
AU$26.23M-2.75-27.12%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:IVR
Investigator Resources Ltd
0.15
0.13
552.17%
AU:PEX
Peel Mining Limited
0.16
0.03
23.08%
AU:RDM
Red Metal Limited
0.19
0.08
65.22%
AU:BKT
Black Rock Mining Limited
0.02
-0.01
-42.42%
AU:LEL
Lithium Energy Ltd.
0.37
0.00
0.00%
AU:MNB
Minbos Resources Limited
0.03
-0.03
-50.00%

Investigator Resources Ltd Corporate Events

Investigator Silver Seeks ASX Quotation for Nearly 1 Million New Shares
Jan 8, 2026

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 Options Lapse, Simplifying Capital Structure
Dec 23, 2025

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 Director Reshapes Indirect Stake Through Option Exercise
Dec 22, 2025

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 Seeks ASX Quotation for 655,345 New Shares
Dec 22, 2025

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 Issues Shares via Cashless Exercise of Employee Options
Dec 22, 2025

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.

Investigator Silver Limited Announces Director’s Interest Change
Dec 8, 2025

Investigator Silver Limited announced a change in the director’s interest, specifically regarding Richard Hillis, who acquired 2,000,000 unlisted options exercisable at $0.0825 per option, expiring on December 4, 2028. This issuance of options was approved at the company’s Annual General Meeting, indicating a strategic move to align management interests with shareholder value, potentially impacting the company’s operational focus and stakeholder confidence.

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 Issues Unquoted Performance Rights
Dec 8, 2025

Investigator Silver Limited announced the issuance of 35,636,364 unquoted performance rights as part of a previously announced transaction. This move is part of the company’s strategic efforts to enhance its operational capabilities and strengthen its market position, potentially impacting its stakeholders by aligning incentives with performance goals.

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 Announces New Securities Quotation
Dec 5, 2025

Investigator Silver Limited has announced a new issuance of 10,376 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code IVR. This move reflects the company’s ongoing efforts to strengthen its financial position and enhance its market presence, potentially impacting its operations and stakeholder interests positively.

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 Issues Shares for Investor Relations Services
Dec 4, 2025

Investigator Silver Limited announced the issuance of 8,928,571 ordinary fully paid shares as part of their investor relations agreement with S3 Consortium Pty Ltd, trading as StocksDigital. This strategic move involves compensating for investor relations services with shares instead of cash over a 24-month period, potentially impacting the company’s cash flow management and stakeholder engagement strategies.

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 Announces Quotation of New Securities
Dec 4, 2025

Investigator Silver Limited has announced the quotation of 134,326,998 fully paid ordinary securities on the ASX, effective December 4, 2025. This move is part of previously announced transactions and is expected to enhance the company’s liquidity and market presence, potentially impacting its operational capabilities and stakeholder interests positively.

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 Completes Share Placement to Bolster Financial Position
Dec 4, 2025

Investigator Silver Limited has issued over 143 million fully paid ordinary shares at a price of $0.042 each to institutional and sophisticated investors as part of a previously announced placement. This strategic move, approved by shareholders, aims to strengthen the company’s financial position and enhance its investor relations by compensating StocksDigital with shares instead of cash for services rendered.

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 Rebrands to Highlight Silver Focus
Dec 2, 2025

Investigator Silver Limited has officially rebranded to emphasize its dedication to silver asset development, particularly through its Paris Silver Project, Australia’s only pure-play silver project. This strategic rebranding aligns with the company’s focus on leveraging the silver market, differentiating itself from other companies that report silver equivalents, and aims to enhance shareholder value as the project progresses towards production.

The most recent analyst rating on (AU:IVR) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Investigator Resources Ltd stock, see the AU:IVR Stock Forecast page.

Investigator Resources Ltd AGM Resolutions Passed
Nov 26, 2025

Investigator Resources Ltd announced the results of its Annual General Meeting, where all resolutions were carried with a strong majority. The resolutions included the re-election of directors, ratification of prior share issues, and approval of additional placement capacities, indicating shareholder support for the company’s strategic initiatives.

Investigator Resources Highlights Unique Silver Development Project at AGM
Nov 26, 2025

Investigator Resources Limited has released an investor presentation in conjunction with its Annual General Meeting. The presentation, which will also be delivered at the South Australian Exploration & Mining Conference, highlights the company’s unique position in the silver development industry, potentially impacting its market presence and stakeholder interests.

Investigator Resources Clarifies Paris Silver Project Capacity Plans
Nov 13, 2025

Investigator Resources Limited has clarified that the 1.5 Mtpa plant throughput mentioned in recent announcements is intended for the optimal design capacity in the Definitive Feasibility Study (DFS) for the Paris Silver Project, rather than a production target. The company plans to release the DFS in the first half of 2026, which is expected to provide further insights into the project’s potential impact on its operations and market positioning.

Investigator Resources Identifies New Silver Targets at Black Hill Project
Nov 9, 2025

Investigator Resources Ltd has identified two high priority silver targets, Athena and Hestia, within the Paris Silver Corridor at the Black Hill Project. This discovery, resulting from a detailed ground gravity survey and reprocessing of historical geophysical data, enhances the understanding of the area’s geological structure and supports further exploration efforts. The findings suggest a prospective structural corridor that could extend the Paris Silver Corridor, providing a solid foundation for future exploration and potentially boosting the company’s strategic positioning in the silver mining sector.

Investigator Resources Unveils September Quarterly Activities and Outlook
Oct 30, 2025

Investigator Resources Ltd has released an investor presentation detailing its September quarterly activities and future outlook. The presentation, led by Managing Director Lachlan Wallace, aims to provide stakeholders with insights into the company’s operations and strategic direction, reinforcing its position as a key player in the silver development sector.

Investigator Resources Ltd Announces Shareholder Webinar on September Quarter Activities
Oct 29, 2025

Investigator Resources Ltd has announced a webinar for shareholders to discuss its September quarter activities, highlighting the progress of the Paris Silver Project and ongoing exploration efforts. The company has completed a $10 million placement to strengthen its financial position, enabling further development and exploration activities, positioning itself as a prominent silver developer in Australia.

Investigator Resources Ltd Announces Quotation of New Securities
Oct 27, 2025

Investigator Resources Ltd has announced the quotation of 9,200 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to leverage convertible securities and options, potentially impacting its market position by increasing liquidity and investor engagement.

Investigator Resources Advances Paris Silver Project with Optimized Design and Expanded Exploration
Oct 26, 2025

Investigator Resources Limited has made significant progress in its Paris Silver Project, with the Definitive Feasibility Study (DFS) on track for completion in the first half of 2026. The company has optimized its plant design, leading to substantial cost savings and improved project economics. An expanded pit design is being assessed to capture more silver ounces, reflecting the upward momentum in silver prices. Additionally, Investigator Resources is building exploration momentum with planned drilling activities across its projects and has strengthened its corporate position with a $10 million placement to accelerate development and exploration efforts.

Investigator Resources Ltd Announces Proposed Securities Issue
Oct 24, 2025

Investigator Resources Ltd has announced a proposed issue of securities, specifically 35,636,364 performance rights, with an issue date set for December 3, 2025. This move is part of the company’s strategy to strengthen its financial position and support its ongoing exploration and development activities, potentially impacting its operational capabilities and market standing.

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.Date of analysis: Jan 16, 2026