Lachlan Star (LSA) AI Stock Analysis

• Market Cap: AU$22.19M
• Dividend Yield: N/A
• Average Volume (3M): 65.22K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.71
• 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: -106.56
• Price to Book (P/B): 1.34
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.18K
• 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: 48 Neutral
• Price Target: AU$0.08 ▲(31.67% Upside)

The score is held back primarily by weak financial performance (no reported revenue, ongoing losses, and negative operating/free cash flow) despite a very low-debt balance sheet and improved 2025 cash burn. Technicals are a secondary support due to an uptrend above major moving averages, but overbought signals reduce confidence. Valuation is constrained by a negative P/E and no dividend yield data.

Positive Factors

Low leverage / solid capitalization

Extremely low debt and a meaningful equity base give the company durable financial flexibility. With minimal interest burden and a capital buffer, Lachlan Star can fund near-term operations or development without immediate refinancing pressure, lowering bankruptcy risk over months.

Marked improvement in cash burn

A sharp reduction in operating and free cash outflows signals improved cost control or operating efficiency. If sustained, this materially reduces near-term financing needs, extends runway and increases the probability of reaching cash neutrality or runway extension within the next several quarters.

Narrowing net losses

Substantially smaller net losses indicate management is closing the gap to profitability via revenue initiation or expense reductions. Continued narrowing improves capital preservation, strengthens prospects for positive operating leverage and supports longer-term viability if trends continue.

Negative Factors

No reported revenue

Absence of recorded revenue means the core business model is not yet delivering sales, leaving unit economics unproven. That structural revenue gap makes margin forecasts speculative, increases execution risk for scaling, and forces dependence on financing until commercial traction is achieved.

Ongoing negative cash flow

Persistent negative operating and free cash flow, even after improvement, indicates the company still consumes capital to operate. Over a multi-month horizon this pressures liquidity, constrains reinvestment in growth or R&D, and raises the likelihood of external financing needs or operational trade-offs.

Dependent on external capital

Reliance on external funding creates dilution and timing risk; future capital raises could alter strategy and ownership. Even with low debt, repeated equity rounds or costly financing can limit ability to pursue longer-term projects and heighten execution risk over the next several quarters.

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

Financials are weak overall: revenue is reported as 0 across the provided periods, with continued net losses and recurring negative operating and free cash flow. The main positive is a sharp improvement in 2025 losses and cash burn versus 2024, and leverage is very low, but the business is not yet self-funding or profitable.

Income Statement

The income statement remains weak: revenue is reported at 0 across all periods provided, and the company continues to post losses (net income was -3,410 in 2025 vs. -1,779,000 in 2024). Losses have narrowed materially in the latest year, but profitability is still negative and margins are not meaningful given the lack of reported revenue.

Balance Sheet

The balance sheet is a relative strength. Leverage is low (debt-to-equity ~0.012 in 2025), with equity of ~12.6M against assets of ~13.5M, suggesting a solid capitalization profile. However, returns remain negative (ROE slightly negative in 2025), reflecting that the asset/equity base is not yet generating profits.

Cash Flow

Cash flow quality is pressured by ongoing cash burn: operating cash flow and free cash flow are negative in each year shown, although 2025 improved sharply (operating cash flow -1,012 vs. -789,617 in 2024; free cash flow -4,036 vs. -1,604,252). The company is moving in the right direction, but it is not yet self-funding and remains dependent on external capital if losses persist.

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: Positive
• 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 below the 20-day moving average (MA) of 0.07, above the 50-day MA of 0.06, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.12 is Neutral, neither overbought nor oversold. The STOCH value of 62.75 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	55 Neutral	AU$83.78M	-31.37	-6.39%	―	―	37.04%
LSA	48 Neutral	AU$22.19M	-5.47	-27.28%	―	―	-48.91%
ARV	44 Neutral	AU$26.40M	-3.33	-19.89%	―	―	68.42%
AMD	41 Neutral	AU$17.08M	-0.87	-296.44%	―	―	51.48%

Lachlan Star Corporate Events

Lachlan Star Extends Shallow Gold System at Killaloe and Advances North Cobar Drilling

Lachlan Star’s latest quarterly report highlights intensified exploration at its flagship Killaloe Gold Project, driven by stronger gold prices and encouraging drill results that extend a broad, shallow gold system at the Duke Main prospect. Recent reverse circulation drilling has confirmed the down-dip continuity of mineralisation at Duke Main, with the system remaining open along strike and at depth, while heritage clearance surveys now grant access to key structural corridors at Duke East and Duchess for follow-up step-out and infill drilling along a 1km strike length. The company also completed maiden drilling at its North Cobar Project in New South Wales, intersecting hydrothermal alteration associated with trace base and precious metals, and is reassessing geophysical data to refine targets, supported by a grant of up to $118,000 under Western Australia’s Exploration Incentive Scheme to co-fund diamond drilling of priority structural positions at Killaloe.

The most recent analyst rating on (AU:LSA) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Lachlan Star stock, see the AU:LSA Stock Forecast page.

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.