Lachlan Star (AU:LSA)
ASX:LSA
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Lachlan Star
(Sydney:LSA)
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Rating:47Neutral
Price Target:
AU$0.13
▲(121.67% Upside)
Action:Reiterated
Date:06/10/26
The score is held back primarily by weak operating fundamentals (no revenue, ongoing losses, and negative cash flow), despite a comparatively solid low-leverage balance sheet and recent improvement in cash burn. Technical indicators also point to bearish momentum, while valuation metrics provide limited support due to negative earnings and no dividend information.
Positive Factors
Low leverage and strong equity base
A low-debt, equity-heavy capital structure gives durable financial flexibility for capital-intensive exploration cycles. Expanded assets and equity since 2020 enhance optionality, allowing the company to fund programs, absorb setbacks, and pursue partnerships without immediate solvency pressure.
Negative Factors
No revenue; recurring losses
A persistent absence of revenue and recurring net losses show the business lacks proven commercial operations. Long-term value depends on exploration success; until commercial deposits or monetized transactions occur, operating scale and sustainable earnings remain unproven and investor reliance on capital markets persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and strong equity base
A low-debt, equity-heavy capital structure gives durable financial flexibility for capital-intensive exploration cycles. Expanded assets and equity since 2020 enhance optionality, allowing the company to fund programs, absorb setbacks, and pursue partnerships without immediate solvency pressure.
Read all positive factors
Lachlan Star (LSA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$46.44M
Dividend YieldN/A
Average Volume (3M)65.22K
Price to Earnings (P/E)―
Beta (1Y)1.13
Revenue GrowthN/A
EPS Growth-52.75%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding371,556,520
10 Day Avg. Volume68,242
30 Day Avg. Volume65,221
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)1.34
Price to Sales (P/S)0.00
P/FCF Ratio-4.18K
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)N/A
Revenue Forecast (FY)N/A
Lachlan Star Business Overview & Revenue Model
Company Description
Lachlan Star Limited is an Australian mineral exploration company focused on identifying and developing various mineral deposits across the country. The firm actively searches for precious metals like gold and silver, base metals including copper,...
How the Company Makes Money
Lachlan Star makes money through the identification, acquisition, and exploration of mineral resource projects. Its revenue model primarily relies on the eventual sale of exploration project stakes, developing mining operations, and potentially ex...
Lachlan Star Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
74
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -53.90K | -52.32K | -36.30K | 0.00 | 0.00 | 0.00 |
| EBITDA | -1.04M | ― | -567.00K | -374.42K | -418.03K | -842.00K |
| Net Income | -3.57M | -3.41K | -1.78M | -374.42K | -418.03K | -842.00K |
Balance Sheet | ||||||
| Total Assets | 14.14M | 13.53M | 12.06M | 6.60M | 7.00M | 7.14M |
| Cash, Cash Equivalents and Short-Term Investments | 1.34M | 1.81M | 1.61M | 3.37M | 4.33M | 4.68M |
| Total Debt | 41.66K | 150.16K | 183.82K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 220.40K | 967.04K | 461.19K | 74.58K | 102.38K | 59.96K |
| Stockholders Equity | 13.92M | 12.56M | 11.60M | 6.53M | 6.90M | 7.08M |
Cash Flow | ||||||
| Free Cash Flow | -514.71K | -4.04K | -1.60M | -959.95K | -590.83K | -873.20K |
| Operating Cash Flow | -513.33K | -1.01K | -789.62K | -388.62K | -288.88K | -504.07K |
| Investing Cash Flow | -3.38M | -3.05K | -963.47K | -571.33K | -301.95K | -369.14K |
| Financing Cash Flow | 2.04M | 4.25K | 0.00 | 237.50K | 237.50K | 3.77M |
Lachlan Star Technical Analysis
Negative
0.06
Price Trends
0.18
Negative
0.14
Negative
0.10
Positive
Market Momentum
-0.01
Positive
34.03
Neutral
44.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LSA, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.18, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 34.03 is Neutral, neither overbought nor oversold. The STOCH value of 44.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:LSA.
Lachlan Star 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% | |
54 Neutral | AU$59.71M | -4.99 | -18.37% | ― | ― | -69.35% | |
47 Neutral | AU$46.44M | -9.95 | -26.95% | ― | ― | -52.75% | |
46 Neutral | AU$45.94M | -18.07 | -71.61% | ― | ― | 11.76% | |
45 Neutral | AU$65.39M | 3.64 | 86.21% | ― | ― | ― | |
44 Neutral | AU$18.61M | -6.80 | -9.34% | ― | ― | 88.14% | |
44 Neutral | AU$59.50M | -4.59 | -29.24% | ― | ― | -43.78% |
* Basic Materials Sector Average
AU:LSA
Lachlan Star
0.13
0.05
73.61%
AU:CLA
Celsius Resources
0.01
<0.01
10.00%
AU:RDM
Red Metal Limited
0.17
0.11
161.54%
AU:COD
Coda Minerals Ltd
0.15
0.07
107.14%
AU:ARD
Argent Minerals Limited
0.03
<0.01
28.57%
AU:RTR
Rumble Resources Limited
0.05
0.02
104.55%
Lachlan Star Corporate Events
Lachlan Star Director Boosts Stake Through Options Grant and Share Placement
Jun 3, 2026
Lachlan Star Limited has reported a change in director Anthony William Kiernan’s interests, disclosing that he has been granted 3 million unlisted options exercisable at $0.19 and expiring in May 2029. The company also confirmed that a relat...
Lachlan Star Issues New Shares to Directors and CEO Under Placement and Option Exercise
Jun 2, 2026
Lachlan Star Limited has completed the second tranche of a previously announced placement, issuing 2,233,333 fully paid ordinary shares at $0.12 each to its directors and their nominees following shareholder approval granted on 28 May 2026. The co...
Lachlan Star Seeks ASX Quotation for 1 Million New Shares
Jun 2, 2026
Lachlan Star Limited has applied to the ASX for quotation of 1,000,000 new ordinary fully paid shares, with an issue date of June 2, 2026. The additional securities, arising from the exercise or conversion of existing instruments, will expand the ...
Lachlan Star Seeks ASX Quotation for Over 2.2 Million New Shares
Jun 2, 2026
Lachlan Star Limited has applied to the ASX for quotation of 2,233,333 new ordinary fully paid shares under its issuer code LSA. The securities have an issue date of 2 June 2026 and arise from transactions previously notified to the market.The add...
Lachlan Star Completes Second Tranche of Capital Raising for Gold Exploration
Jun 2, 2026
Lachlan Star has completed the second tranche of a previously announced $7.47 million capital raising, securing a further $268,000 through the issue of 2,233,333 shares at $0.12 each to directors and their nominees, following shareholder approval....
Lachlan Star Extends High-Grade Gold Zone at New Waverley
Jun 1, 2026
Lachlan Star has reported further high-grade gold assay results from four additional diamond drill holes at its maiden New Waverley program in Western Australia, extending previously announced shallow mineralisation. The new intercepts, including ...
Lachlan Star Issues 7 Million Unquoted Options Expiring in 2029
May 29, 2026
Lachlan Star Limited has notified the market of the issue of 7,000,000 unquoted options, each exercisable at $0.19 and expiring on May 28, 2029. The options form part of a previously announced transaction and are not quoted, nor intended to be quo...
Lachlan Star shareholders back all resolutions at general meeting
May 28, 2026
Lachlan Star Limited reported that shareholders approved all resolutions put to a poll at its general meeting on 28 May 2026. The motions, which included director elections, ratification of prior share issues and approvals to issue placement share...
Lachlan Star Extends Deferred Share Issue and Seeks Shareholder Approval
Apr 30, 2026
Lachlan Star Limited has updated its previously announced plans for a proposed issue of securities, specifically relating to deferred consideration shares. The company has formally notified the ASX that the date for issuing these deferred consider...
Lachlan Star Moves to Digital Communications for May 2026 General Meeting
Apr 24, 2026
Lachlan Star Limited has called a General Meeting of shareholders for 28 May 2026 in West Perth, with the notice of meeting made available electronically in line with provisions of the Corporations Act. The company will not mail physical copies of...
Lachlan Star Calls 2026 General Meeting, Sets Voting Rules for Shareholders
Apr 24, 2026
Lachlan Star Limited has issued a notice convening a general meeting of shareholders to be held on 28 May 2026 in West Perth, Western Australia. The company has outlined voting procedures, including eligibility cut-off, in-person participation, an...
Lachlan Star accelerates high‑grade Norseman gold push with New Waverley acquisition and $7.5m raising
Apr 20, 2026
Lachlan Star has acquired a 90% interest in the high-grade New Waverley gold project in Western Australia’s Norseman district, paying $150,000 in cash and issuing 12.5 million shares, half of which are under a 12‑month escrow. The proj...
Lachlan Star Completes First Tranche of $0.12 Share Placement
Apr 9, 2026
Lachlan Star Limited has completed Tranche 1 of a share placement announced on 1 April 2026, issuing 60,000,000 fully paid ordinary shares at $0.12 each to raise new equity capital. The issuance was conducted without a prospectus under section 708...
Lachlan Star Seeks ASX Quotation for 60 Million New Shares
Apr 9, 2026
Lachlan Star Limited has applied for the quotation of 60,000,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of April 9, 2026. The sizeable issuance, lodged as a new Appendix 2A announcement, expands th...
Lachlan Star launches maiden drilling at New Waverley gold project in WA
Apr 6, 2026
Lachlan Star has commenced a maiden diamond drilling program at its New Waverley Gold Project in the Norseman region of Western Australia, targeting historical Waverley and Trial pits where high-grade gold-bearing quartz reef mineralisation remain...
Lachlan Star Raises $7.47m to Accelerate New Waverley Gold Exploration
Apr 1, 2026
Lachlan Star Limited has secured firm commitments to raise $7.47 million through a share placement priced at $0.12 per share, attracting strong support from existing shareholders and new sophisticated and institutional investors. The placement inc...
Lachlan Star Shares Halted Ahead of Capital Raising Announcement
Mar 29, 2026
Lachlan Star Limited has requested and been granted a trading halt in its securities on the ASX, with the pause to remain in place until either the release of a pending announcement or the start of normal trading on 1 April 2026. The company says ...
Lachlan Star Discloses Final Director’s Interest as Brendan Bradley Departs Board
Mar 27, 2026
Lachlan Star Ltd has announced that Brendan Bradley has ceased to be a director of the company as of 26 March 2026, with this filing serving as his final director’s interest notice to the ASX. The notice records that Bradley holds 550,000 fu...
Lachlan Star Appoints New Director With Equity-Based Incentive Package
Mar 27, 2026
Lachlan Star Limited has appointed Anthony William Kiernan as a director effective 26 March 2026, according to an initial director’s interest notice lodged with the ASX. At the time of appointment, Kiernan holds no shares or other securities...
Lachlan Star Highlights Progress at New Waverley High‑Grade Gold Discovery
Mar 26, 2026
Lachlan Star has outlined progress on its New Waverley high‑grade gold discovery, highlighting recent visible gold observations and prior high‑grade assay results that underpin the project’s potential. The company is drawing on a...
Lachlan Star Closes New Waverley Deal, Readies Maiden Drilling in Norseman
Mar 26, 2026
Lachlan Star Limited has completed the acquisition of the New Waverley Gold Project in Western Australia’s Norseman region, securing a 90% interest through a combination of cash and share consideration to the vendor. The company’s rece...
Lachlan Star Finalises New Waverley Gold Acquisition with Share Issue
Mar 26, 2026
Lachlan Star Limited has completed the acquisition of the New Waverley Project, securing a 90% interest in the Waverley Gold Project through the issue of 12,500,000 fully paid ordinary shares, half of which are under 12 months’ voluntary esc...
Lachlan Star Seeks ASX Quotation for 12.5 Million New Shares
Mar 26, 2026
Lachlan Star Limited has applied to the ASX for quotation of 12.5 million ordinary fully paid shares under its existing ticker LSA. The new securities, issued on March 26, 2026, expand the company’s quoted share capital, potentially affectin...
Lachlan Star Plans Issue of 7 Million Options on ASX
Mar 25, 2026
Lachlan Star Limited has notified the ASX of a proposed placement involving the issue of up to 7,000,000 new options. These options will have an exercise price of $0.19 and will expire three years from their date of issue, with the issuance target...
Lachlan Star refreshes board, appoints Tony Kiernan as chairman to steer next growth phase
Mar 25, 2026
Lachlan Star has overhauled its board as it pushes into its next phase as a WA-focused gold explorer and developer, appointing prominent mining executive Tony Kiernan as independent non-executive chairman and Ramelius Resources’ Alan Thom as...
Lachlan Star Clarifies Visible Gold Disclosure at New Waverley
Mar 17, 2026
Lachlan Star has provided additional technical disclosure on visible gold reported at its New Waverley project, detailing the geological characteristics and assay support for rock chip samples previously highlighted. One sample from a north-south ...
Lachlan Star Outlines Corporate Directory in Interim 2025 Filing
Mar 11, 2026
Lachlan Star Limited, an ASX-listed Australian company based in West Perth, has outlined its corporate structure and key service providers in its interim financial report for the half year ended 31 December 2025. The company’s governance fra...
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.