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Lightning Minerals Ltd.
(Sydney:L1M)
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Rating:43Neutral
Price Target:
AU$0.01
â–˛(30.00% Upside)
Action:Reiterated
Date:10/04/26
The score is primarily held down by weak financial performance—minimal revenue, recurring large losses, and sustained negative operating and free cash flow—despite low leverage and positive (but declining) equity. Technicals are modestly weak with price below longer-term moving averages and subdued RSI/Stoch, and valuation is constrained by a negative P/E and no dividend yield.
Positive Factors
Very low leverage
The absence of material debt limits fixed financial obligations and reduces exposure to interest costs or refinancing pressure. This conservative leverage profile gives Lightning Minerals greater balance-sheet flexibility while it works to develop its business and address operating losses.
Negative Factors
Minimal revenue base
Revenue remains far too small to support a developed operating model, leaving the company dependent on capital resources while it builds commercial activity. This limited scale reduces operating leverage and makes future profitability highly dependent on substantial revenue expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
The absence of material debt limits fixed financial obligations and reduces exposure to interest costs or refinancing pressure. This conservative leverage profile gives Lightning Minerals greater balance-sheet flexibility while it works to develop its business and address operating losses.
Read all positive factors
Lightning Minerals Ltd. (L1M) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.94M
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)―
Beta (1Y)0.36
Revenue GrowthN/A
EPS Growth-18.84%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding380,106,100
10 Day Avg. Volume2,757,946
30 Day Avg. Volume1,290,296
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)0.77
Price to Sales (P/S)490.91
P/FCF Ratio-0.85
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
Lightning Minerals Ltd. Business Overview & Revenue Model
Company Description
Lightning Minerals Ltd, an entity established in Melbourne, Australia, in 2021, concentrates its efforts on discovering and developing deposits of various crucial minerals. Its exploration activities primarily target valuable commodities such as l...
How the Company Makes Money
null...
Lightning Minerals Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
56
Neutral
Cash Flow
27
Negative
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -18.15K | 6.92K | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -18.15K | 6.92K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -3.17M | 1.59M | -2.87M | -1.74M | -2.14M | 128.14K |
| Net Income | -7.32M | -6.79M | -3.01M | -3.32M | -2.18M | -100.00K |
Balance Sheet | ||||||
| Total Assets | 4.38M | 4.75M | 4.82M | 7.60M | 6.91M | 627.61K |
| Cash, Cash Equivalents and Short-Term Investments | 1.08M | 1.19M | 104.16K | 3.12M | 4.69M | 334.87K |
| Total Debt | 55.89K | 0.00 | 86.08K | 23.47K | 89.03K | 0.00 |
| Total Liabilities | 469.51K | 314.20K | 440.88K | 222.15K | 415.16K | 122.51K |
| Stockholders Equity | 3.91M | 4.44M | 4.38M | 7.38M | 6.49M | 505.10K |
Cash Flow | ||||||
| Free Cash Flow | -4.00M | -3.98M | -2.89M | -3.04M | -1.35M | -116.53K |
| Operating Cash Flow | -2.73M | -2.56M | -2.31M | -1.12M | -886.00 | -44.52K |
| Investing Cash Flow | -1.27M | -1.41M | -573.51K | -771.43K | -2.35M | -72.00K |
| Financing Cash Flow | 3.25M | 5.10M | -65.65K | 1.32M | 6.60M | 690.58K |
Lightning Minerals Ltd. Technical Analysis
Negative
0.01
Price Trends
0.01
Negative
0.02
Negative
0.02
Negative
Market Momentum
<0.01
Positive
38.72
Neutral
-42.22
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:L1M, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 38.72 is Neutral, neither overbought nor oversold. The STOCH value of -42.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:L1M.
Lightning Minerals 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% | |
61 Neutral | AU$4.16M | 12.00 | 6.51% | ― | ― | ― | |
49 Neutral | AU$6.54M | -3.30 | -49.20% | ― | ― | 10.85% | |
44 Neutral | AU$6.07M | -2.11 | -28.11% | 270.27% | ― | 68.16% | |
43 Neutral | AU$4.94M | -0.24 | -176.69% | ― | ― | -18.84% | |
43 Neutral | AU$5.41M | -0.86 | -125.59% | ― | ― | 7.89% | |
38 Underperform | AU$4.54M | -1.74 | -22.21% | ― | ― | 86.93% |
* Basic Materials Sector Average
AU:L1M
Lightning Minerals Ltd.
0.01
-0.04
-76.00%
AU:CR3
OAR Resources Ltd
0.01
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-16.67%
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Marquee Resources Ltd
0.01
0.00
0.00%
AU:CUL
Cullen Resources Limited
0.01
0.00
0.00%
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Pacific Bauxite Limited
0.04
>-0.01
-7.32%
AU:MML
Allup Silica Ltd.
0.01
-0.01
-47.83%
Lightning Minerals Ltd. Corporate Events
Lightning Minerals Sets AGM Date as It Advances Gold and Copper Portfolio
Oct 2, 2026
Lightning Minerals Ltd, an Australian exploration and development company, is focused on gold and copper assets in Tier 1 mining jurisdictions, anchored by its wholly owned Mt Turner Gold Project in northern Queensland. The company also holds expl...
Lightning Minerals Files ASX Corporate Governance Statement and Appendix 4G
Sep 30, 2026
Lightning Minerals Ltd has lodged its corporate governance statement and accompanying Appendix 4G with the ASX for the financial year ended 30 June 2026. The statement, current as at 24 September 2026 and approved by the board, outlines the extent...
Lightning Minerals Updates Shareholder Ownership Data in Annual Report
Sep 30, 2026
Lightning Minerals Ltd has released an updated Annual Report to shareholders, reflecting revised information on the company’s top 20 shareholders and substantial shareholder percentage holdings. The changes appear in the Shareholder Informat...
Lightning Minerals updates presentation after large-scale tungsten find at Warby
Sep 29, 2026
Lightning Minerals has released an updated corporate presentation following the identification of a large-scale tungsten system at its wholly owned Warby Project in North Queensland. The investor materials highlight Warby as a high-grade tungsten ...
Lightning Minerals Expands High-Grade Tungsten Footprint at Warby Project
Sep 20, 2026
Lightning Minerals Ltd., an ASX-listed critical minerals explorer, is developing its 100%-owned Warby Tungsten Project in North Queensland, about 25 kilometres north of Mount Surprise. The project targets high-grade quartz-wolframite and scheelite...
Lightning Minerals Defines New Gold Targets at Mt Turner Western Zone
Sep 1, 2026
Lightning Minerals has identified two new gold target areas within the five-kilometre Western Zone at its Mt Turner Project, upgrading the corridor from a conceptual structural feature to a priority exploration focus. The northern target comprises...
Lightning Minerals’ Phase 2 Assays Boost Warby Tungsten Potential
Aug 24, 2026
Lightning Minerals has reported high-grade Phase 2 rock chip assay results from its Warby Tungsten Project in North Queensland, with five of six samples grading above 1.00% tungsten and a peak value of 5.46%. The program also confirmed polymetalli...
Lightning Minerals to Release 30 Million Escrowed Shares
Aug 21, 2026
Lightning Minerals Ltd has confirmed that 30,000,000 ordinary shares will be released from voluntary escrow on 5 September 2026. The move increases the free float of the ASX-listed explorer, potentially enhancing liquidity for existing and new inv...
Lightning Minerals Tightens Trading Controls After Director’s Shares Bought in Closed Period
Aug 5, 2026
Lightning Minerals Ltd. has reported a change in Managing Director Troy Brice’s relevant interest in company shares following on-market purchases made through his personal superannuation account. The trades, totalling 1,036,445 L1M shares fo...
Lightning Minerals Enables Trading of New Shares and Options Under Disclosure Exemption
Jul 31, 2026
Lightning Minerals Ltd has issued 40,277,778 ordinary shares and 110,833,334 listed options, invoking a Section 708A(5) exemption under Australia’s Corporations Act to allow secondary trading without a full disclosure document. The company c...
Lightning Minerals Seeks ASX Quotation for New Long-Dated Options
Jul 31, 2026
Lightning Minerals Ltd has applied for quotation on the ASX of 8,055,556 new options, listed under the code L1MOA and expiring on March 3, 2029. The options, issued as part of previously announced transactions, expand the company’s listed se...
Lightning Minerals Seeks ASX Quotation for New Shares and Long-Dated Options
Jul 31, 2026
Lightning Minerals Ltd has applied to the ASX for quotation of new securities, comprising 40,277,778 ordinary fully paid shares and 102,777,778 options expiring March 3, 2029, all issued on July 31, 2026. The move formalizes previously announced c...
Lightning Minerals highlights district-scale gold focus and investor risk context
Jul 29, 2026
Lightning Minerals Ltd has outlined its strategic focus on unlocking a new district-scale gold system that also presents emerging tungsten upside, highlighting the potential for a diversified commodity profile. The investor presentation, framed as...
Lightning Minerals shareholders back all capital raising resolutions
Jul 24, 2026
Lightning Minerals Ltd shareholders approved all resolutions put forward at a general meeting held on 24 July 2026, with each item decided by poll. The measures covered ratification of prior Tranche 1 placement share issues, approval for Tranche 2...
Lightning Minerals Advances Warby Tungsten Project With Completion of Phase 2 Exploration
Jul 21, 2026
Lightning Minerals has completed Phase 2 exploration at its wholly owned Warby Tungsten Project in North Queensland, a critical minerals asset located near the Mt Carbine tungsten mine. The company is targeting intrusive-related tungsten systems a...
Lightning Minerals advances Warby tungsten exploration after high-grade assays
Jul 12, 2026
Lightning Minerals has launched a Phase 2 exploration program at its 100%-owned Warby tungsten project in North Queensland, following high-grade rock chip assays that confirmed intrusive-related tungsten mineralisation. The program will use detail...
Lightning Minerals taps AI partnership to sharpen exploration strategy
Jul 9, 2026
Lightning Minerals has entered a strategic memorandum of understanding with AI exploration technology firm Eigenform NextMaps to deploy artificial intelligence, geological data analytics and digital exploration tools across its Australian projects...
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.