Lode Resources Ltd (AU:LDR)
ASX:LDR
Want to see AU:LDR full AI Analyst Report?
Top Page
Lode Resources Ltd
(Sydney:LDR)
Select Model
Select Model
Rating:45Neutral
Price Target:
AU$0.13
▼(-42.27% Downside)
Action:ReiteratedDate:05/01/26
The score is held down primarily by persistent losses and substantial cash burn relative to a very small revenue base, despite a low-debt balance sheet. Technicals add further pressure with a clear downtrend and negative MACD. Valuation appears low on P/E, but that signal is weakened by the lack of sustainable profitability and no dividend support.
Positive Factors
Low leverage / Strong balance sheet
Very low debt and a large equity base provide durable financial flexibility to fund exploration and survive extended cash burn without immediate solvency risk. Low leverage preserves optionality for staged project investment, partnerships or capital raises over the medium term.
Negative Factors
Significant cash burn
Material negative operating and free cash flows relative to available resources show persistent cash burn. Structurally this depletes reserves and forces recurrent external funding or project delays, increasing dilution risk and limiting strategic flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / Strong balance sheet
Very low debt and a large equity base provide durable financial flexibility to fund exploration and survive extended cash burn without immediate solvency risk. Low leverage preserves optionality for staged project investment, partnerships or capital raises over the medium term.
Read all positive factors
Lode Resources Ltd (LDR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$26.29M
Dividend YieldN/A
Average Volume (3M)986.24K
Price to Earnings (P/E)1.5
Beta (1Y)2.02
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees7
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)0.04
Shares Outstanding202,230,180
10 Day Avg. Volume1,654,690
30 Day Avg. Volume986,235
Financial Highlights & Ratios
PEG Ratio-1.75
Price to Book (P/B)1.80
Price to Sales (P/S)10498.59
P/FCF Ratio-6.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.03
Revenue Forecast (FY)N/A
Lode Resources Ltd Business Overview & Revenue Model
Company Description
Lode Resources Ltd engages in exploring gold, silver, and copper deposits. It holds 100% interests in seven exploration licenses located in the New England Fold Belt in northern New South Wales. The company was incorporated in 2019 and is based in...
How the Company Makes Money
null...
Lode Resources Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.32K | 1.97K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -37.89K | 1.97K | -32.53K | -31.23K | -36.22K | -3.98K |
| EBITDA | -1.45M | -1.65M | -1.29M | -1.08M | -930.95K | -570.96K |
| Net Income | 5.15M | -1.61M | -1.17M | -1.12M | -970.51K | -574.93K |
Balance Sheet | ||||||
| Total Assets | 19.67M | 13.36M | 7.96M | 9.51M | 4.62M | 5.24M |
| Cash, Cash Equivalents and Short-Term Investments | 3.42M | 3.19M | 2.28M | 4.85M | 2.18M | 4.74M |
| Total Debt | 55.43K | 2.49K | 37.58K | 2.30K | 35.11K | 0.00 |
| Total Liabilities | 1.66M | 1.90M | 180.00K | 616.39K | 444.84K | 142.78K |
| Stockholders Equity | 18.01M | 11.46M | 7.78M | 8.90M | 4.18M | 5.10M |
Cash Flow | ||||||
| Free Cash Flow | -2.47M | -3.10M | -2.46M | -2.84M | -2.40M | -727.63K |
| Operating Cash Flow | -1.64M | -1.42M | -1.06M | -966.37K | -799.09K | -425.50K |
| Investing Cash Flow | -2.91M | -1.86M | -1.47M | -2.10M | -1.67M | -380.94K |
| Financing Cash Flow | 3.40M | 4.19M | -35.59K | 5.73M | -89.86K | 5.25M |
Lode Resources Ltd Technical Analysis
Negative
0.22
Price Trends
0.17
Negative
0.19
Negative
0.19
Negative
Market Momentum
>-0.01
Negative
32.57
Neutral
40.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LDR, the sentiment is Negative. The current price of 0.22 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.17, and above the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 32.57 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:LDR.
Lode Resources Ltd 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% | |
51 Neutral | AU$41.36M | -13.70 | -24.90% | ― | ― | 77.87% | |
47 Neutral | AU$29.46M | -6.38 | -6.28% | ― | -100.00% | -141.82% | |
47 Neutral | AU$26.41M | 8.28 | 2.76% | ― | ― | ― | |
46 Neutral | AU$640.80M | -3.44 | -31.56% | ― | ― | -20.30% | |
45 Neutral | AU$26.29M | 1.48 | 34.97% | ― | ― | ― | |
40 Underperform | AU$30.11M | -11.08 | -17.92% | ― | ― | 14.94% |
* Basic Materials Sector Average
AU:LDR
Lode Resources Ltd
0.13
0.02
13.04%
AU:HMX
Hammer Metals Limited
0.03
0.00
0.00%
AU:GSN
Great Southern Mining Limited
0.02
<0.01
4.55%
AU:BMR
Ballymore Resources Limited
0.15
<0.01
7.41%
AU:FRS
Forrestania Resources Limited
0.51
0.47
1175.00%
AU:M79
Firetail Resources Limited
0.07
0.02
32.14%
Lode Resources Ltd Corporate Events
Lode Resources Advances Montezuma Project and Expands High-Grade Exploration Portfolio
Apr 30, 2026
Lode Resources reported a highly active March quarter, progressing its Montezuma Silver–Antimony Project in Tasmania toward a Pre-Feasibility Study and announcing a maiden JORC mineral resource of 480kt at 533 g/t AgEq, with 65% in the Indic...
Lode Resources Issues 34.4 Million New Shares to Professional Investors
Apr 24, 2026
Lode Resources has issued 34,446,035 new shares to professional and sophisticated investors under an ASX placement, conducted without a prospectus in reliance on provisions of the Corporations Act. The company confirmed it is compliant with financ...
Lode Resources Seeks ASX Quotation for 34.4 Million New Shares
Apr 24, 2026
Lode Resources Ltd has applied for quotation on the ASX of 34,446,035 new ordinary fully paid shares under the code LDR. The newly issued securities, dated 24 April 2026, form part of previously announced transactions, expanding the company’...
Lode Resources Plans New Share Placement to Raise Equity Capital
Apr 16, 2026
Lode Resources Ltd has lodged an Appendix 3B notice with the ASX outlining a proposed placement of up to 730,769 ordinary fully paid shares under its LDR code. The new securities are expected to be issued on 1 June 2026, signalling the companyR...
Lode Resources Plans Equity Issue of Over 34 Million New Shares
Apr 16, 2026
Lode Resources Ltd has lodged an Appendix 3B with the ASX detailing a proposed placement or similar issue of up to 34,446,035 ordinary fully paid shares. The new securities are scheduled for issue on 23 April 2026, signaling the company’s in...
Lode Resources Raises $4.5m to Advance Montezuma PFS and Multi‑Asset Exploration
Apr 16, 2026
Lode Resources has secured firm commitments for a $4.5 million equity placement at $0.13 per share from domestic and international institutional and sophisticated investors, with directors also planning to participate, to strengthen its balance sh...
Lode Resources Highlights High-Grade Critical Metals Advances in NSW and Tasmania
Apr 15, 2026
Lode Resources has outlined its growing portfolio of high-grade critical metals projects, highlighting standout drill intercepts from the Montezuma Silver Antimony Deposit in Tasmania and the Magwood Antimony Deposit in New South Wales. The prese...
Lode Resources Seeks Trading Halt Ahead of Capital Raising
Apr 14, 2026
Lode Resources Ltd, an ASX-listed resources company based in Sydney, has requested a trading halt in its securities as it undertakes a capital raising process. The halt, approved by ASX Compliance, will remain in place until either the company rel...
Lode Resources Uncovers High-Grade Tin at Silver Hills in Tasmania
Apr 14, 2026
Lode Resources has identified high-grade tin mineralisation at the North Valley Lodes prospect within its recently acquired Silver Hills Project in Tasmania, with grab samples from historical waste dumps returning tin grades up to 3.64%. The prosp...
Lode Resources Unveils High-Grade Maiden Resource at Montezuma Silver–Antimony Project
Apr 14, 2026
Lode Resources has reported a maiden JORC 2012 mineral resource estimate for its 100%-owned Montezuma Silver Antimony Project in Tasmania, outlining 480,000 tonnes at 533 grams per tonne silver equivalent for 8.2 million ounces of silver equivale...
Lode Resources starts high-grade drilling at Rock Abbey antimony prospect
Apr 12, 2026
Lode Resources has begun an 18-hole drilling program at its 100%-owned Rock Abbey antimony prospect in the New England Fold Belt, New South Wales, following strong surface sampling results. The programme aims to test high-grade antimony and associ...
Lode Resources Tightens Metal Equivalent Reporting for Montezuma Project
Apr 1, 2026
Lode Resources has revised its announcements from 17 and 30 March 2026 to provide greater transparency around how it reports metal equivalent grades at its Montezuma Silver Antimony Project. The updated releases now include explicit conversion fa...
Lode Resources Uncovers Fourth High-Grade Silver–Antimony Prospect in Tasmania
Mar 30, 2026
Lode Resources has identified a fourth high-grade silver and antimony prospect in Tasmania, with initial sampling at the Blocks East prospect in the Greater Montezuma Project returning exceptionally high grades of up to 5,650 g/t silver, 8.04% ant...
Lode Resources Uncovers Exceptional Silver and Antimony Grades at Tasmania’s Silver Hills Project
Mar 16, 2026
Lode Resources has identified exceptionally high-grade silver and antimony mineralisation at the Silver Cliffs prospect within its newly acquired Silver Hills Project in Tasmania, with historical waste dump samples returning standout assays of up ...
Lode Resources Expands Tasmanian Footprint with New West Coast Exploration Licences
Mar 3, 2026
Lode Resources has secured the transfer and granting of key exploration licences in Tasmania’s West Coast mining district, lifting its Tasmanian tenure from 155 square kilometres to 250 square kilometres. The expanded position places Lode am...
Lode Resources Uncovers High-Grade Antimony-Gold at Rock Abbey
Feb 25, 2026
Lode Resources has reported the discovery of extensive high-grade antimony and associated gold mineralisation at the Rock Abbey prospect, about 7km southwest of the historical Magwood Antimony Mine in New South Wales. Surface mapping and grab samp...
Lode Resources Showcases High-Grade Antimony and Silver Results at Montezuma and Magwood
Feb 3, 2026
Lode Resources has highlighted a series of high-grade results from its Montezuma Silver Antimony Deposit in Tasmania and its Magwood Antimony Deposit in New South Wales, underscoring the strong polymetallic potential of its portfolio. Recent dril...
Lode Resources Reshapes Leadership to Drive Montezuma Project and Exploration Growth
Feb 3, 2026
Lode Resources has overhauled its leadership structure, appointing experienced mining executive Keith Mayes as Managing Director to lead the advancement of its flagship Montezuma silver and antimony project and drive execution across its explorati...
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.