KGL Resources Limited (KGL) AI Stock Analysis

• Market Cap: AU$192.72M
• Dividend Yield: N/A
• Average Volume (3M): 240.45K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.22
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: AU
• Employees: 24
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 770,889,470
• 10 Day Avg. Volume: 354,994
• 30 Day Avg. Volume: 240,453
• PEG Ratio: 8.72
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -25.76
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.01
• Revenue Forecast (FY): AU$300.00K

• Rating: 51 Neutral
• Price Target: AU$0.30 ▲(111.43% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn), partially offset by a strong low-debt balance sheet. Technicals are supportive due to an established uptrend, but overbought signals temper that strength. Valuation provides limited support because losses make P/E uninformative and no dividend yield is available.

Positive Factors

Low Leverage / Strong Balance Sheet

Extremely low leverage materially reduces solvency and refinancing risk for an exploration company. This balance sheet flexibility supports funding exploration, permitting or staged development via equity or JV without onerous interest burdens, extending operational runway.

Defined Primary Asset Focus

A clear primary project concentrates management effort and value creation potential. Advancing the Jervois base‑metal project enables discrete development, farm‑out or sale pathways, improving the likelihood of monetisation compared with undifferentiated early-stage portfolios.

Improving Free Cash Flow Trend

A material improvement in free cash flow signals better capital efficiency or timing of expenditures. Though still negative, this trend can reduce near-term funding needs, lower dilution risk, and indicate progress toward self‑funding through tighter cost control or staged project activity.

Negative Factors

No Operating Revenue

Zero reported revenue shows the business has not yet commercialised its assets. Over the medium term this necessitates reliance on capital markets, asset sales or JV deals to fund operations, making long‑term value creation contingent on successful project milestones rather than recurring cash flow.

Persistent Negative Operating Cash Flow

Consistent operating cash burn forces repeated external funding or asset monetisation to sustain exploration and development. That elevates execution and dilution risk, constrains multi‑year project planning, and can delay or derail advancement to production absent partner financing.

Ongoing Losses and Negative ROE

Negative ROE indicates the company's asset base is not generating shareholder returns and reflects persistent net losses. Over time this undermines investor confidence, increases the cost of raising capital, and signals the need for meaningful operational or strategic change to create long‑term value.

KGL Resources Limited Business Overview & Revenue Model

Company Description

KGL Resources Limited develops and explores for mineral properties. It explores copper, silver, gold, lead, and zinc deposits. The company engages in the exploration and development of the Jervois multi-metal project located in the Northern Territory, Australia. It also holds 100% interest in the Yambah project located in the northeast of Alice Springs; and the Unca Creek project located in the Bonya Metamorphics. The company was formerly known as Kentor Gold Limited and changed its name to KGL Resources Limited in August 2013. KGL Resources Limited was incorporated in 1998 and is based in Brisbane, Australia.

How the Company Makes Money

KGL Resources Limited Financial Statement Overview

Summary

Overall financials are weak due to persistent losses, zero revenue in the provided periods, and ongoing cash burn (negative operating and free cash flow). The balance sheet is a relative positive with extremely low leverage, but negative ROE and lack of operating traction keep the financial performance score low.

Income Statement

The income statement is weak: the company reports zero revenue across the provided annual periods, while losses persist each year (net loss of about $3.0M in FY2025 vs. ~$2.4M in FY2023). Gross profit is consistently negative and operating losses remain sizable, indicating no meaningful operating leverage yet. A modest positive is that losses are not rapidly accelerating versus prior years, but overall profitability and growth visibility are limited based on the data provided.

Balance Sheet

The balance sheet is a relative strength. Debt is extremely low versus equity (debt-to-equity remains near zero across the period), suggesting limited leverage risk and good financial flexibility. However, returns on equity are consistently negative (roughly -2% to -3%), reflecting ongoing losses and a lack of value creation from the asset base despite the strong capitalization.

Cash Flow

Cash flow quality is pressured by ongoing cash burn: operating cash flow is negative each year (about -$2.1M in FY2025) and free cash flow is also negative. Free cash flow improved materially in FY2025 versus FY2024 (a large swing from very negative free cash flow), but the business is still not self-funding. The fact that free cash flow is closer to net income in FY2025 helps, yet sustained negative operating cash flow remains the key weakness.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-128.24K	-99.40K	-100.81K	-89.67K	-56.55K	-51.22K
EBITDA	-3.06M	-2.90M	-2.99M	-2.80M	-3.33M	-1.34M
Net Income	-3.02M	-3.02M	-2.67M	-2.40M	-3.35M	-1.25M
Balance Sheet
Total Assets	131.68M	131.68M	124.21M	125.77M	115.85M	70.25M
Cash, Cash Equivalents and Short-Term Investments	5.26M	5.26M	6.48M	22.51M	23.27M	5.16M
Total Debt	27.20K	27.20K	159.61K	162.00K	529.46K	76.78K
Total Liabilities	1.47M	1.47M	3.00M	1.82M	2.75M	531.08K
Stockholders Equity	130.21M	130.21M	121.21M	123.95M	112.98M	69.72M
Cash Flow
Free Cash Flow	-1.18M	-2.17M	-15.95M	-13.77M	-24.29M	-5.53M
Operating Cash Flow	-1.16M	-2.13M	-2.20M	-2.22M	-2.46M	-984.30K
Investing Cash Flow	-10.95M	-10.95M	-13.75M	-11.55M	-21.98M	-4.18M
Financing Cash Flow	11.87M	11.87M	-233.48K	13.01M	45.50M	3.60M

KGL Resources 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%
KGL	51 Neutral	AU$192.72M	-54.35	-2.34%	―	―	―
TGN	50 Neutral	AU$374.33M	-36.02	-27.95%	―	―	-43.08%
MSV	48 Neutral	AU$84.78M	160.00	0.85%	―	-16.97%	-94.15%
CZR	48 Neutral	AU$82.61M	-4.33	-103.22%	―	―	-278.88%
ARN	46 Neutral	AU$107.59M	-3.33	-253.52%	―	―	-971.43%
MHK	40 Underperform	AU$13.57M	-1.15	-121.65%	―	―	-100.21%

KGL Resources Limited Corporate Events

KGL Resources Advances Jervois Project After A$11m Raising Amid Metal Price Surge

KGL Resources has completed an A$11 million capital raising and is pushing ahead with project-enabling works and construction readiness at its Jervois Copper-Silver-Gold Project, while global prices for all three metals have surged well above prior assumptions. The funds will support early site works, procurement and key contracts, as well as ongoing optimisation of the open-pit mine plan and processing plant to lift contained metal feed, recovery rates and overall capital efficiency. The quarter also saw the addition of new institutional investors, a higher stake from Resource Capital Fund, and the appointments of a new independent non-executive director and a seasoned mining executive as CEO, moves that collectively strengthen governance, leadership and financing appeal as KGL advances funding discussions and prepares a revised baseline economic model for potential partners.

The most recent analyst rating on (AU:KGL) stock is a Hold with a A$0.28 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.

KGL Resources Announces New CEO and Darwin Office Opening

KGL Resources Limited has appointed Sam Strohmayr as its new CEO, effective 27 January 2026, highlighting his extensive 30-year experience in global mining leadership with Glencore Zinc and Lundin Mining. The appointment marks a step forward in strengthening the company’s leadership for the development and sustainability of the Jervois Project. Additionally, as part of operational advancements, KGL plans to open a Darwin operations office to facilitate improved government and stakeholder relations in early 2026, underscoring its commitment to local engagement and infrastructure development.

The most recent analyst rating on (AU:KGL) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.

KGL Resources Appoints New Director with No Initial Securities Interest

KGL Resources Limited has announced the appointment of Lindi Deguara as a new director, effective from November 28, 2025. The company has disclosed that the new director currently holds no relevant interests in securities or contracts associated with the company. This appointment is part of the company’s ongoing governance and management strategy, potentially impacting its operational dynamics and stakeholder relations.

The most recent analyst rating on (AU:KGL) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.

KGL Resources AGM Resolutions Successfully Passed

KGL Resources Limited announced that all resolutions at its Annual General Meeting were successfully carried by a poll. This outcome, including the re-election of directors and approval of the remuneration report, reflects strong shareholder support and may positively influence the company’s governance and strategic direction.

The most recent analyst rating on (AU:KGL) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.

KGL Resources Enhances Shareholder Engagement with New Investor Hub

KGL Resources Limited has announced arrangements for its Annual General Meeting, allowing shareholders to participate remotely. Additionally, the company has launched a new interactive Investor Hub designed to offer an immersive experience for shareholders, providing real-time updates and centralizing important company information.

The most recent analyst rating on (AU:KGL) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.

KGL Resources Appoints Lindi Deguara as Non-executive Director

KGL Resources Limited has announced the appointment of Ms. Lindi Deguara as a Non-executive Independent Director. Ms. Deguara brings over 20 years of experience in board roles, executive leadership, and advisory positions, particularly in governance, risk management, and corporate services. Her expertise is expected to be instrumental as KGL navigates critical phases of financing, development, and construction contracts, while also enhancing the company’s governance and board performance. The company is also in the process of selecting a new Chief Executive Officer.

The most recent analyst rating on (AU:KGL) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.

KGL Resources Raises $2.87 Million Through Share Issuance

KGL Resources Limited has issued 20,497,456 new fully paid ordinary shares to sophisticated, experienced, or professional investors, raising approximately $2.87 million. This issuance was conducted without disclosure under section 708A(5) of the Corporations Act 2001, and the company has confirmed compliance with relevant legal provisions, indicating a strategic move to strengthen its financial position.

The most recent analyst rating on (AU:KGL) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.

KGL Resources Announces Quotation of New Securities on ASX

KGL Resources Limited has announced the quotation of 20,497,456 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective November 17, 2025. This move is part of a previously announced transaction, potentially enhancing the company’s financial flexibility and market presence, which could have implications for its stakeholders and industry positioning.

The most recent analyst rating on (AU:KGL) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.

KGL Resources Raises $8.13 Million Through New Share Issuance

KGL Resources Limited announced the issuance of 58,073,973 new fully paid ordinary shares to sophisticated, experienced, or professional investors, raising approximately $8.13 million. This strategic move, conducted without disclosure under the Corporations Act, aims to strengthen the company’s financial position and enhance its operational capabilities, potentially impacting its market standing and offering new opportunities for stakeholders.

The most recent analyst rating on (AU:KGL) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.

KGL Resources Limited Announces Quotation of New Securities on ASX

KGL Resources Limited announced the quotation of 58,073,973 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective from November 7, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and provide additional capital for its ongoing projects, potentially impacting its operational capabilities and investor relations positively.

The most recent analyst rating on (AU:KGL) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on KGL Resources Limited stock, see the AU:KGL Stock Forecast page.

KGL Resources Updates Investors on Jervois Copper Project

KGL Resources Limited has released an investor presentation concerning its Jervois Copper Project. The presentation highlights the company’s adherence to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, and emphasizes the use of non-IFRS financial measures to provide insights into its financial performance. However, it cautions investors about relying heavily on these measures due to their non-standardized nature and potential differences from other entities’ measures.

KGL Resources Advances Jervois Project Amid Favorable Metal Market

KGL Resources Limited is making significant progress in the development and construction readiness of its Jervois Project, driven by higher metal prices. The company is actively engaging with potential funding partners and optimizing project plans to enhance economic outcomes. Additionally, KGL is expanding its exploration efforts to unlock further value in the Jervois–Unca Creek tenement. The favorable market outlook for copper, silver, and gold supports KGL’s strategic initiatives, including a recent share placement to raise funds for project advancement.