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Delta Lithium Limited
(Sydney:DLI)
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Rating:53Neutral
Price Target:
AU$0.18
▲(1.67% Upside)
Action:Reiterated
Date:10/01/26
The score is held back primarily by weak operating fundamentals and ongoing cash burn despite a strong, low-debt balance sheet. Technicals are mildly constructive short term but remain weaker versus the long-term trend, while valuation looks optically low on P/E but is tempered by concerns about earnings quality and no dividend support.
Positive Factors
Very low leverage
Extremely low leverage and a substantial equity base give Delta Lithium room to fund exploration and studies without the immediate burden of heavy debt service. This improves resilience and preserves financing flexibility while projects advance toward potential development, subject to approvals and funding.
Negative Factors
Minimal revenue and persistent operating losses
Minimal revenue and recurring negative EBIT and EBITDA show that Delta Lithium has not yet demonstrated a durable operating business or commercial earnings base. Until project activities translate into meaningful production and sales, profitability remains dependent on future execution rather than established operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Extremely low leverage and a substantial equity base give Delta Lithium room to fund exploration and studies without the immediate burden of heavy debt service. This improves resilience and preserves financing flexibility while projects advance toward potential development, subject to approvals and funding.
Read all positive factors
Delta Lithium Limited (DLI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$111.56M
Dividend YieldN/A
Average Volume (3M)376.73K
Price to Earnings (P/E)8.5
Beta (1Y)0.82
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees76
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding719,762,900
10 Day Avg. Volume181,063
30 Day Avg. Volume376,734
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.50
Price to Sales (P/S)0.00
P/FCF Ratio-70.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.23Price Target Upside27.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Delta Lithium Limited Business Overview & Revenue Model
Company Description
Based in Subiaco, Australia, and established in 2003, Delta Lithium Limited (which operated as Red Dirt Metals Limited until its renaming in April 2023) specializes in identifying and advancing lithium resources throughout Western Australia. Its f...
How the Company Makes Money
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Delta Lithium Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
78
Positive
Cash Flow
31
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 1.41M | 0.00 | 0.00 | 0.00 |
| Gross Profit | -326.69K | 1.41M | -365.62K | -113.54K | -63.19K |
| EBITDA | -5.19M | -7.03M | -12.75M | -9.25M | -7.99M |
| Net Income | 13.16M | -3.68M | -12.49M | -8.54M | -8.06M |
Balance Sheet | |||||
| Total Assets | 239.85M | 245.29M | 249.59M | 194.62M | 66.92M |
| Cash, Cash Equivalents and Short-Term Investments | 51.05M | 57.62M | 87.71M | 85.85M | 23.58M |
| Total Debt | 424.04K | 579.15K | 709.64K | 117.56K | 212.06K |
| Total Liabilities | 3.00M | 6.36M | 8.15M | 20.28M | 6.56M |
| Stockholders Equity | 236.85M | 238.93M | 241.44M | 174.34M | 60.36M |
Cash Flow | |||||
| Free Cash Flow | -1.68M | -31.58M | -67.59M | -40.58M | -14.59M |
| Operating Cash Flow | -1.66M | -785.52K | -4.83M | -4.36M | -1.21M |
| Investing Cash Flow | -11.51M | -28.07M | -62.76M | -34.17M | -24.14M |
| Financing Cash Flow | 4.28M | 641.06K | 69.96M | 99.48M | 47.10M |
Delta Lithium Limited Technical Analysis
Negative
0.18
Price Trends
0.17
Negative
0.17
Negative
0.20
Negative
Market Momentum
>-0.01
Positive
45.88
Neutral
28.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DLI, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.17, and below the 200-day MA of 0.20, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.88 is Neutral, neither overbought nor oversold. The STOCH value of 28.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DLI.
Delta Lithium Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$2.25B | 9.54 | 21.80% | 1.22% | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$111.56M | 8.53 | 5.70% | ― | ― | ― | |
52 Neutral | AU$136.46M | -7.38 | -39.55% | ― | ― | -2.83% | |
46 Neutral | AU$60.17M | -11.43 | -11.68% | ― | ― | -11.36% |
* Basic Materials Sector Average
AU:DLI
Delta Lithium Limited
0.16
-0.02
-8.82%
AU:ALK
Alkane Resources Ltd
1.65
0.64
63.03%
AU:LAC
Ardiden
0.28
-0.04
-13.85%
AU:IXR
Ionic Rare Earths Limited
0.53
0.05
10.42%
Delta Lithium Limited Corporate Events
Delta Lithium advances Yinnetharra drilling and Mt Ida metallurgical testwork
Sep 29, 2026
Delta Lithium is progressing work at its Yinnetharra project, where it holds 2,325 square kilometres of tenure and a defined lithium and tantalum resource base. Lithium remains the primary focus, but the company is also following up two strong gol...
Delta Lithium Details Governance Framework and Diversity Profile for FY2026
Sep 22, 2026
Delta Lithium Limited has detailed its adherence to the ASX Corporate Governance Council’s principles for the year to 30 June 2026, confirming that it has adopted a comprehensive board charter defining the roles of directors, the chair, mana...
Delta Lithium Details Corporate Governance and ASX Presence in Annual Report
Sep 22, 2026
Delta Lithium Limited, an ASX-listed lithium-focused resources company based in West Perth, Western Australia, has outlined its key corporate details and governance framework in its latest annual report. The firm operates within the battery metals...
Delta Lithium issues new shares on performance rights conversion
Sep 11, 2026
Delta Lithium Limited has issued 573,331 fully paid ordinary shares following the conversion of an equivalent number of performance rights, expanding its listed equity base. The company confirmed the shares were issued without a prospectus under t...
Delta Lithium Seeks ASX Quotation for Additional Ordinary Shares
Sep 11, 2026
Delta Lithium Limited has applied for quotation of 573,331 ordinary fully paid shares on the ASX, recorded as being issued on 10 July 2025. The application, lodged as a new announcement on 11 September 2026, reflects securities that have been crea...
Delta Lithium Trims Potential Dilution as Performance Rights Lapse
Sep 11, 2026
Delta Lithium Limited has confirmed the lapse of 133,334 performance rights on 10 September 2026 after conditions attached to those rights were not satisfied or became incapable of being met. The cessation modestly reduces the company’s pote...
Delta Lithium awards performance-based rights to director Steve Kovac
Aug 14, 2026
Delta Lithium Limited has updated the market on a change in director Steve Kovac’s interests, reflecting new performance-based equity awards. The director, who previously held ordinary shares and unlisted options, has been granted two tranch...
Delta Lithium Director Receives New Performance Rights Under Incentive Plan
Aug 14, 2026
Delta Lithium Limited has updated the market on changes to the indirect interests of director Nader El Sayed, whose holdings are managed through Nameo Pty Ltd, where he and his spouse are shareholders. The disclosure reflects the company’s u...
Delta Lithium Director Boosts Performance Rights Through Incentive Plan
Aug 14, 2026
Delta Lithium Limited has disclosed a change in director James Croser’s indirect interests, reflecting an increase in performance rights held via a family account. Following the change on 12 August 2026, Croser’s holdings now include 6...
Delta Lithium Wins Strong Shareholder Backing at Extraordinary Meeting
Aug 12, 2026
Delta Lithium Limited has reported the voting results of its extraordinary general meeting held on 12 August 2026, where shareholders considered several ordinary resolutions related to share ratification and executive and incentive performance rig...
Delta Lithium advances Mt Ida and Yinnetharra projects on strong June quarter
Jul 26, 2026
Delta Lithium reported a solid June quarter, advancing drilling at its Mt Ida project with further high-grade lithium intercepts that bolster confidence in the deposit and underpin a newly commenced scoping study. Metallurgical test work indicates...
Delta Lithium calls extraordinary meeting to ratify prior share issue
Jul 10, 2026
Delta Lithium Limited has called an extraordinary general meeting of shareholders to be held in West Perth on 12 August 2026, with eligibility to vote determined as at 10 August 2026. The company is urging shareholders who may be unable to attend ...
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.