Want to see AU:EG1 full AI Analyst Report?
Top Page
Evergreen Lithium Ltd.
(Sydney:EG1)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$0.02
â–Ľ(-26.67% Downside)
Action:Reiterated
Date:10/20/26
Overall score is constrained primarily by minimal revenue, ongoing losses, and persistent negative free cash flow (continued funding dependence). Technicals also lean bearish with price below key moving averages and a negative MACD. A low-debt, positive-equity balance sheet provides some stability but does not fully offset weak fundamentals.
Positive Factors
Low leverage
An essentially debt-free balance sheet reduces financial leverage and near-term solvency pressure while Evergreen funds exploration. Positive equity and assets of approximately $9.6m provide a cushion for development spending, giving the company more flexibility than a similarly unprofitable, highly leveraged peer.
Negative Factors
Pre-revenue model
The absence of a meaningful revenue base means Evergreen has not yet demonstrated that its exploration assets can produce recurring commercial income. Until a project reaches development or another monetisation milestone, operating progress remains dependent on capital rather than internally generated sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
An essentially debt-free balance sheet reduces financial leverage and near-term solvency pressure while Evergreen funds exploration. Positive equity and assets of approximately $9.6m provide a cushion for development spending, giving the company more flexibility than a similarly unprofitable, highly leveraged peer.
Read all positive factors
Evergreen Lithium Ltd. (EG1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$10.05M
Dividend YieldN/A
Average Volume (3M)469.71K
Price to Earnings (P/E)―
Beta (1Y)0.50
Revenue GrowthN/A
EPS Growth93.04%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding436,845,370
10 Day Avg. Volume555,741
30 Day Avg. Volume469,708
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.72
Price to Sales (P/S)0.00
P/FCF Ratio-3.23
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
Evergreen Lithium Ltd. Business Overview & Revenue Model
Company Description
Established in 2022, Evergreen Lithium Limited is an Australian company dedicated to the exploration and development of mineral deposits across the country. Its primary asset is the Bynoe Lithium project, a significant site encompassing approximat...
Evergreen Lithium Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
55
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 28.35K | 0.00 |
| Gross Profit | -34.55K | -36.02K | -24.14K | 13.14K | 0.00 |
| EBITDA | -2.05M | -14.83M | -5.40M | -5.12M | 1.35M |
| Net Income | -1.56M | -14.87M | -5.42M | -5.14M | -1.18M |
Balance Sheet | |||||
| Total Assets | 9.57M | 4.60M | 16.89M | 21.01M | 16.32M |
| Cash, Cash Equivalents and Short-Term Investments | 4.01M | 2.14M | 5.58M | 8.69M | 6.25M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 50.00K |
| Total Liabilities | 517.55K | 237.64K | 311.68K | 779.64K | 1.25M |
| Stockholders Equity | 9.06M | 4.37M | 16.58M | 20.23M | 15.07M |
Cash Flow | |||||
| Free Cash Flow | -2.01M | -1.44M | -3.11M | -4.20M | 15.00 |
| Operating Cash Flow | -1.99M | -1.44M | -1.78M | -2.22M | 99.00 |
| Investing Cash Flow | -1.04M | -1.94M | -1.33M | -1.98M | 1.11K |
| Financing Cash Flow | 4.89M | -58.46K | 0.00 | 6.64M | 6.25M |
Evergreen Lithium Ltd. Technical Analysis
Negative
0.03
Price Trends
0.02
Negative
0.02
Negative
0.03
Negative
Market Momentum
>-0.01
Positive
43.99
Neutral
3.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EG1, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.99 is Neutral, neither overbought nor oversold. The STOCH value of 3.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:EG1.
Evergreen Lithium 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% | |
46 Neutral | AU$13.71M | -3.00 | -42.15% | ― | -11.28% | 41.18% | |
46 Neutral | AU$17.01M | -44.00 | -1.58% | ― | ― | 84.18% | |
45 Neutral | AU$6.53M | -2.58 | -27.88% | ― | ― | 70.75% | |
43 Neutral | AU$10.05M | -4.18 | -22.82% | ― | ― | 93.04% | |
42 Neutral | AU$3.54M | -1.61 | -20.26% | ― | ― | 92.23% | |
42 Neutral | AU$30.81M | -6.39 | -19.15% | ― | ― | -11.36% |
* Basic Materials Sector Average
AU:EG1
Evergreen Lithium Ltd.
0.02
-0.02
-42.50%
AU:LIT
Lithium Australia NL
0.01
>-0.01
-9.09%
AU:EV1
Evolution Energy Minerals Limited
0.01
>-0.01
-16.67%
AU:INF
Infinity Lithium Corporation Limited
0.01
-0.01
-50.00%
AU:LPM
Lithium Plus Minerals Ltd.
0.11
>-0.01
-8.33%
AU:PL3
Patagonia Lithium Limited
0.09
0.04
80.77%
Evergreen Lithium Ltd. Corporate Events
EverGold Minerals advances WA gold exploration with strong quarter
Oct 23, 2026
EverGold Minerals reported a busy September quarter, highlighted by the completion of maiden reverse circulation drilling at the Duchess of York and Gladiator prospects within the Mt Monger Gold Project. The program delivered broad and high‑...
Evergold Minerals Plans New Share Issue to Raise Capital
Oct 20, 2026
Evergold Minerals Limited has notified the ASX of a proposed issue of up to 4,838,709 ordinary fully paid shares under a placement or similar structure. The new securities, to be issued under the company’s code EG1, are targeted for issue on...
Evergold moves on historic Rabbit Warren gold discovery near Leonora
Oct 20, 2026
Evergold Minerals has signed a binding agreement to acquire 100% of the Rabbit Warren Tenements, two prospecting licences covering the historic 1980 Rabbit Warren gold discovery about 8km northeast of Leonora in Western Australia. The 192-hectare ...
Evergold Defines Four Gold Prospects at Mt Monger as Resource Drilling Nears
Oct 13, 2026
Evergold Minerals has completed its 2026 aircore drilling campaign at the Mt Monger Gold Project, with 262 holes defining four gold prospects: Paladin, Hickman’s Find, Gladiator and Vanguard. Shallow, broad-spaced first-pass drilling interse...
Evergold Minerals calls 2026 AGM to advance capital and governance plans
Sep 27, 2026
Evergold Minerals Limited has convened its 2026 Annual General Meeting as a physical-only event to be held on 6 November in South Yarra, Victoria, and is providing shareholders with access to the meeting notice and proxy materials through both phy...
Evergold Minerals Confirms ASX Listing and Corporate Structure After Rebrand
Sep 17, 2026
Evergold Minerals Limited has reaffirmed its corporate structure and market presence following its rebranding from Evergreen Lithium Limited. The company remains listed on the ASX under the code EG1, with its registered office and principal place ...
Evergold Minerals Files FY2026 Governance Statement and Appendix 4G
Sep 17, 2026
Evergold Minerals Limited has lodged its Appendix 4G and Corporate Governance Statement for the financial year ended 30 June 2026, in line with ASX listing requirements. The governance statement, approved by the board and current as of 17 Septembe...
Evergold Minerals Sets AGM Date and Director Nomination Deadline
Sep 17, 2026
Evergold Minerals Limited has scheduled its 2026 Annual General Meeting for Friday, 6 November 2026. The meeting forms part of the company’s regular governance cycle as it progresses its gold exploration projects in Western Australia and the...
Evergold Outlines New Vanguard Gold Zone at Mt Monger
Sep 15, 2026
Evergold Minerals Limited has defined a new shallow gold zone, named Vanguard, about 600 metres northwest of the Duchess of York main zone at its Mt Monger Gold Project. Aircore drilling returned broad oxide-hosted gold intercepts between 16 metre...
Evergold Sharpens WA Gold Targets as Leonora and Mt Monger Programs Advance
Sep 8, 2026
Evergold Minerals has completed a regional surface geochemical program and drone magnetic survey at its Leonora Goldfields Project, expanding the Katalina target to a roughly 500m by 500m zone and delineating new priority gold targets at Sirius an...
Evergold Minerals Director Lifts Stake with On‑Market Share Purchase
Sep 7, 2026
Evergold Minerals director Simon Lill has increased his direct holding in the company through an on‑market share acquisition. He purchased 1,052,962 ordinary fully paid shares at $0.031 each, lifting his direct stake from 13,000,000 to 14,05...
Evergold Minerals Director Increases Indirect Shareholding via On-Market Purchase
Sep 7, 2026
Evergold Minerals Limited has reported a change in Director Steven John Morris’s interests in the company’s securities, highlighting an on-market acquisition of additional ordinary shares. Through Targo Holdings Pty Ltd, where Morris i...
Evergold Minerals Director Peter Marks Increases Indirect Shareholding
Sep 7, 2026
Evergold Minerals Limited has reported a change in director Peter Marks’ indirect interests in the company’s securities, as required under ASX listing rules. The notice details that his related entity Shanti Capital Pty Ltd acquired 80...
Evergold Bolsters Exploration Budget with $486,000 R&D Tax Rebate
Sep 1, 2026
Evergold Minerals Limited has received a cash rebate of $486,807 under the Australian Government’s RD Tax Incentive scheme, linked to eligible research and development expenditure for the year ended 30 June 2025. The rebate, administered thr...
Evergold Outlines Drilling Progress and 2027 Production Target in WA Goldfields
Aug 26, 2026
Evergold Minerals has released an updated investor presentation detailing progress at its Mt Monger and Leonora Goldfields projects in Western Australia. At Mt Monger, maiden reverse circulation drilling at the Duchess of York prospect confirmed b...
Evergold Minerals Issues 500,000 Shares via Option Exercise
Aug 6, 2026
Evergold Minerals Limited has issued 500,000 fully paid ordinary shares following the exercise of options, at a nil issue price per share. The company stated that these shares were issued without a prospectus under Australian Corporations Act prov...
Evergold Minerals Seeks ASX Quotation for 500,000 New Shares
Aug 6, 2026
Evergold Minerals Ltd has applied for quotation on the ASX of 500,000 new ordinary fully paid shares under the code EG1, with an issue date of August 6, 2026. The new securities arise from the exercise or conversion of existing options or other co...
Evergold Minerals Issues 3 Million Unquoted Employee Incentive Options
Jul 31, 2026
Evergold Minerals Limited has issued a total of 3 million unquoted options under an employee incentive scheme, with tranches expiring in 2027, 2029 and 2030. The options, all with nil exercise price and not intended to be quoted on the ASX, are de...
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.