Lachlan Star (LSA) AI Stock Analysis

• Market Cap: AU$17.16M
• Dividend Yield: N/A
• Average Volume (3M): 65.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.40
• Revenue Growth: N/A
• EPS Growth: -48.91%
• Country: AU
• Employees: 3
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.01
• Shares Outstanding: 295,823,180
• 10 Day Avg. Volume: 68,242
• 30 Day Avg. Volume: 65,221
• PEG Ratio: -0.11
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.18
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: AU$0.06 ▼(-3.33% Downside)

The score is held down primarily by weak financial performance (no reported revenue, continued losses, and negative operating/free cash flow), only partly offset by low leverage and improved 2025 results. Technicals are modestly constructive in the short term but not strong enough to outweigh fundamentals, and valuation offers limited support due to negative earnings and no dividend data.

Positive Factors

Low Leverage / Strong Capitalization

Very low leverage and a solid equity base provide durable financial flexibility. With minimal debt servicing requirements the company has greater runway to fund operations, pursue commercialization or R&D, and withstand funding cycles without near-term solvency pressure.

Sharply Improved 2025 Losses and Cash Burn

Material narrowing of losses and a pronounced reduction in operating cash burn in 2025 signal structural progress on cost control or business execution. If sustained, this trend improves prospects for reaching break-even and reduces dependency on frequent external funding rounds.

Lean Operating Structure

A very small headcount implies a low fixed-cost base and operational agility. Over the medium term this lean structure can stretch capital further, supporting development milestones with lower incremental payroll burden while management prioritizes capital efficiency.

Negative Factors

No Reported Revenue

Absence of reported revenue is a fundamental concern: it prevents margin development, makes unit economics untested, and extends reliance on financing to validate product-market fit. Without durable revenue traction, achieving sustainable profitability is uncertain.

Persistent Negative Cash Flow

Ongoing negative operating and free cash flow indicate the business is not yet self-funding and remains dependent on external capital. Over months this raises dilution risk and constrains strategic options if capital markets tighten or higher-cost funding is required.

Negative Returns on Equity/Assets

Despite a solid asset and equity base, negative ROE shows the company is not converting capital into profitable returns. Structurally this suggests product or commercialization challenges and implies investors may face prolonged wait for positive returns absent clear revenue pathways.

Lachlan Star Business Overview & Revenue Model

Company Description

Lachlan Star Limited, together with its subsidiaries, engages in the exploration of mineral properties in Australia. It explores for gold, silver, copper, nickel, cobalt, lead, zinc, and PGE deposits. The company holds 100% interests in the Princhester Magnesite project that includes two granted mining leases located to the northwest of Rockhampton, Queensland; and the Killaloe gold project consists of two contiguous exploration licenses and the separate Buldania mining license covering an area of approximately 94 square kilometers located in the Eastern Goldfields, Western Australia. It also holds 75% interest in the Koojan project located in the New Norcia region, Western Australia. The company was formerly known as Toodyay Resources Limited and changed its name to Lachlan Star Limited in November 2007. Lachlan Star Limited was incorporated in 1970 and is based in West Perth, Australia.

How the Company Makes Money

Lachlan Star makes money primarily through the exploration, development, and potential sale of mineral resource projects. The company's revenue model involves acquiring promising mining properties, conducting geological surveys and exploratory drilling to assess mineral deposits, and subsequently developing these projects to the point of production or sale. Key revenue streams may include the sale of extracted minerals, joint ventures, or the sale of mining rights to other companies. Significant partnerships with other mining companies or investors can also contribute to its earnings, providing capital or sharing expertise to further develop its projects. However, specific financial data and partnership details are not available.

Lachlan Star Financial Statement Overview

Summary

Lachlan Star's financial statements highlight significant financial distress with persistent net losses, zero revenue, and negative cash flows. Despite a debt-free balance sheet, the ongoing lack of revenue and cash generation poses major risks to sustainability and operational continuity.

Income Statement

Lachlan Star has consistently reported zero revenue over the years, resulting in negative profitability metrics. The company shows a persistent net loss with a deteriorating EBIT, indicating operational challenges. The lack of revenue growth and negative margins severely impact financial health.

Balance Sheet

The balance sheet shows a strong equity position with no long-term debt, which is a positive indicator of financial flexibility. However, the company’s assets have largely remained stagnant, and with no revenue generation, the sustainability of equity-funded operations is questionable.

Cash Flow

Lachlan Star exhibits negative operating and free cash flows, reflecting cash outflows without sufficient inflows, leading to cash burn. While the company does not rely on debt financing, the consistent negative cash flow indicates liquidity issues and raises concerns over long-term viability.

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	-52.32K	-52.32K	-36.30K	0.00	0.00	0.00
EBITDA	-1.17M	―	-567.00K	-374.42K	-418.03K	-842.00K
Net Income	-2.80M	-3.41K	-1.78M	-374.42K	-418.03K	-842.00K
Balance Sheet
Total Assets	13.53M	13.53M	12.06M	6.60M	7.00M	7.14M
Cash, Cash Equivalents and Short-Term Investments	1.81M	1.81M	1.61M	3.37M	4.33M	4.68M
Total Debt	150.16K	150.16K	183.82K	0.00	0.00	0.00
Total Liabilities	967.04K	967.04K	461.19K	74.58K	102.38K	59.96K
Stockholders Equity	12.56M	12.56M	11.60M	6.53M	6.90M	7.08M
Cash Flow
Free Cash Flow	-4.04K	-4.04K	-1.60M	-959.95K	-590.83K	-873.20K
Operating Cash Flow	-1.01K	-1.01K	-789.62K	-388.62K	-288.88K	-504.07K
Investing Cash Flow	-3.05M	-3.05K	-963.47K	-571.33K	-301.95K	-369.14K
Financing Cash Flow	4.26M	4.25K	0.00	237.50K	237.50K	3.77M

Lachlan Star Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LSA, the sentiment is Positive. The current price of 0.06 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.06, and below the 200-day MA of 0.06, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.72 is Neutral, neither overbought nor oversold. The STOCH value of 78.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:LSA.

Lachlan Star 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%
CBE	48 Neutral	AU$62.56M	-22.55	-6.39%	―	―	37.04%
LSA	47 Neutral	AU$17.16M	-4.31	-27.28%	―	―	-48.91%
ARV	44 Neutral	AU$30.17M	-3.33	-19.89%	―	―	68.42%
AMD	41 Neutral	AU$17.08M	-0.87	-296.44%	―	―	51.48%

Lachlan Star Corporate Events

Lachlan Star Limited Announces Changes in Company Secretary Positions

Lachlan Star Limited, a company listed on the Australian Securities Exchange, has announced changes in its company secretary positions. Andrea Betti has been appointed as the new Company Secretary, while Lisa Wynne will serve as Joint Company Secretary. Both appointees bring extensive experience in accounting, corporate governance, and finance, enhancing the company’s leadership team. The outgoing Company Secretary, Russell Hardwick, has been thanked for his contributions. These changes are expected to strengthen Lachlan Star’s corporate governance and communication with the ASX.

Lachlan Star Director Increases Stake in Company

Lachlan Star Limited has announced a change in the director’s interest in securities, specifically involving Anastasia (Stacey) Apostolou. The director has increased her indirect interest in the company by acquiring 300,000 ordinary shares through participation in a Tranche 2 placement, following shareholder approval. This change reflects a significant increase in her holdings, from 250,000 to 550,000 shares, valued at $15,000. This move could potentially impact the company’s governance and shareholder dynamics, indicating a strengthened commitment from the director.

Lachlan Star Completes Second Tranche of Share Placement

Lachlan Star Limited, an ASX-listed company, announced the completion of Tranche two of its placement, issuing 6.6 million fully paid ordinary shares at $0.05 per share. This move, initially announced in August 2025, was conducted without disclosure under Part 6D.2 of the Corporations Act, and the company confirmed compliance with relevant provisions of the Act, indicating no excluded information needed disclosure.

Lachlan Star Limited Issues New Securities on ASX

Lachlan Star Limited has announced the issuance of 6,600,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code LSA. This move is part of a previously announced transaction, potentially impacting the company’s market presence and offering new opportunities for stakeholders.

Lachlan Star Secures Strong Shareholder Support at 2025 AGM

Lachlan Star Limited announced the successful results of its 2025 Annual General Meeting, where all resolutions were passed by a significant majority. The resolutions included the adoption of the remuneration report, re-election of directors, and approval of share issuances under various placements and mandates. This outcome reflects strong shareholder support and positions the company for continued strategic initiatives and growth.

Lachlan Star Expands Exploration Efforts with Promising Drilling Results

Lachlan Star Limited, listed on the ASX under the ticker LSA, has released a presentation detailing its exploration activities at various projects, including Killaloe and North Cobar. The company is focused on gold and copper exploration, with recent drilling confirming significant gold zones and high-potential targets. This announcement underscores Lachlan Star’s strategic focus on expanding its exploration efforts, which could enhance its market position and provide potential value for its stakeholders.

Lachlan Star Unveils Promising Gold Assay Results at Killaloe Project

Lachlan Star Limited has announced promising assay results from its recent drilling program at the Killaloe Gold Project in Western Australia. The results confirm the presence of wide gold zones, particularly at the Duke Main prospect, and highlight the potential for further exploration to the east and north. The company plans additional drilling early next year, supported by a grant from the Western Australian Government’s Exploration Incentive Scheme. This development underscores the under-explored nature of the Killaloe project and its potential for significant gold discoveries, which could enhance Lachlan Star’s position in the gold exploration sector.

Lachlan Star Reports Strong Drilling Results and Secures Funding

Lachlan Star Limited has reported strong results from its drilling activities at the Killaloe Gold Project in Western Australia, confirming broad, near-surface gold mineralization across multiple prospects. The company is advancing with further drilling to expand these findings and test additional targets. Additionally, Lachlan Star has initiated a maiden drilling program at the North Cobar Copper-Gold Project in New South Wales, targeting promising geological anomalies. The company has also secured $2.16 million through a share placement to support its exploration efforts.

Lachlan Star Limited Announces 2025 AGM Details

Lachlan Star Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 26, 2025, in West Perth, WA. The company is opting for electronic distribution of the meeting notice, encouraging shareholders to access the document online or via email. Shareholders are urged to submit proxy votes electronically by November 24, 2025, to ensure their participation in the meeting.

Lachlan Star Limited Announces Annual General Meeting Agenda

Lachlan Star Limited has announced its upcoming Annual General Meeting scheduled for November 26, 2025, in West Perth. The meeting will cover several key resolutions, including the adoption of the remuneration report, re-election of director Brendan Bradley, and ratification of share issues under placement. These resolutions are significant for the company’s governance and capital structure, potentially impacting shareholder value and company operations.