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Evergreen Lithium Ltd. (EG1) AI Stock Analysis

AU:EG1

Evergreen Lithium Ltd.

(ASX:EG1)

Select Model
Rating:41Neutral
Price Target:AUD 0.02â–¼(-4.35% Downside)
Action:reiterated
Date:10/20/26

Primarily impacted by poor financial performance from ongoing losses and cash burn, with bearish technical indicators adding pressure; valuation remains unattractive due to negative earnings.

Positive Factors
Low leverage and equity cushionThe absence of meaningful debt limits financial leverage and reduces interest or refinancing pressure while the company advances its projects. Positive equity and an asset base provide some cushion for development spending, improving resilience even though ongoing losses remain a concern.
Negative Factors
Pre-revenue business modelThe absence of a meaningful revenue base shows that Evergreen has not yet demonstrated commercial operating traction. Until projects generate revenue, financial performance will remain dependent on exploration progress, capital availability, and the eventual success of development activities.

Evergreen Lithium Ltd. (EG1) vs. iShares MSCI Australia ETF (EWA)

-60%-40%-20%0%20%40%AU:EG1-42.50%EWA+13.51%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
AUD 10.05M
Dividend Yield
―
Average Volume (3M)
818.35K
Price to Earnings (P/E)
-4.2
Beta (1Y)
0.50
Revenue Growth
―
EPS Growth
93.04%
Country
Australia
Employees
2
Sector
Basic Materials
Sector Strength
61
Industry
Industrial Materials

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 approximately...

Evergreen Lithium Ltd. Financial Statement Overview

Summary

Weak profitability with no meaningful revenue, persistent losses, and negative cash flows, though supported by a debt-free balance sheet.

Income Statement

12Very Negative

Balance Sheet

45Neutral

Cash Flow

18Very Negative
Financial statement breakdown
BreakdownTTMJun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Income Statement
Total Revenue000028.35K0
Gross Profit-34.55K-34.55K-36.02K-24.14K13.14K0
EBITDA-2.05M-2.05M-14.83M-5.40M-5.12M1.35M
Net Income-1.56M-1.56M-14.87M-5.42M-5.14M-1.18M
Balance Sheet
Total Assets9.57M9.57M4.60M16.89M21.01M16.32M
Cash, Cash Equivalents and Short-Term Investments4.01M4.01M2.14M5.58M8.69M6.25M
Total Debt0000050.00K
Total Liabilities517.55K517.55K237.64K311.68K779.64K1.25M
Stockholders Equity9.06M9.06M4.37M16.58M20.23M15.07M
Cash Flow
Free Cash Flow-2.34M-2.01M-1.44M-3.11M-4.20M15
Operating Cash Flow-1.99M-1.99M-1.44M-1.78M-2.22M99
Investing Cash Flow-1.04M-1.04M-1.94M-1.33M-1.98M1,113
Financing Cash Flow4.89M4.89M-58.46K06.64M6.25M

Evergreen Lithium Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price0.02

Price Trends

50DMA0.02Negative
100DMA0.02Negative
200DMA0.03Negative

Market Momentum

MACD-0.00Positive
RSI43.99Neutral
STOCH3.33Positive

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 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of -0.00 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:EG1 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
AU:LPMAU:LPM47NeutralAUD 17.01M-44.00-1.58%――84.18%
AU:LITAU:LIT46NeutralAUD 13.71M-3.00-42.15%―-11.28%41.18%
AU:EV1AU:EV145NeutralAUD 6.53M-2.58-27.88%――70.75%
AU:INFAU:INF42NeutralAUD 3.54M-1.61-20.26%――92.23%
AU:EG1AU:EG141NeutralAUD 10.05M-4.18-22.82%――93.04%
AU:PL3AU:PL339UnderperformAUD 30.81M-6.39-19.15%――-11.36%

* Basic Materials Sector Average

Performance Comparison

0%100%200%300%400%AU:EG1AU:LITAU:EV1AU:INFAU:LPMAU:PL3Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
AU:EG1 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:EG1Evergreen Lithium Ltd.0.02-0.03-54.00%
AU:LITLithium Australia NL0.01-0.00-9.09%
AU:EV1Evolution Energy Minerals Limited0.01-0.00-9.09%
AU:INFInfinity Lithium Corporation Limited0.01-0.01-50.00%
AU:LPMLithium Plus Minerals Ltd.0.11-0.02-15.38%
AU:PL3Patagonia Lithium Limited0.090.05108.89%

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‑gra...

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 16...

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 pac...

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 intersecte...

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 physic...

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 of...

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 September 2...

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 No...

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 metres a...

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 and J...

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 14,052,9...

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 is a...

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 800,0...

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 R&D Tax Incentive scheme, linked to eligible research and development expenditure for the year ended 30 June 2025. The rebate, administered t...

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 broa...

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 provisi...

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 conve...

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.

Date of analysis: Oct 19, 2026