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2026-11-06
◂ Monitor DLI ASX

Delta Lithium Limited

Scoping Study Developer · Lithium · Others · Gold · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.148
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$106.2M
EV
A$57M
Cash
A$49.6M
Debt
A$0
1 newer ASX announcement not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash A$49.6M Finite
Debt A$0 Net cash A$49.6M
Basic shares 719.8M 2026-09-11
Runway 23.3 quarters A$49.58m June cash divided by A$2.128m June-quarter operating outflow; simple static burn proxy, excludes development capex and variability.

Liquidity

Financial position

Substantial exploration cash runway at latest quarterly burn, but no funded construction budget or credit facility; A$1.82m one-year tenement commitments and A$9.34m one-to-five-year commitments constrain free cash.

Capital structure

Ownership and dilution

Ordinary shares
719.8M
Fully diluted
749.6M

September 11 count supersedes June 22 719,189,526. Conservative maximum adds all 27,826,667 rights and 2,000,000 out-of-money options to 719,762,857 ordinary shares; excludes exercise proceeds.

Security classes3
ClassTypeQuantityStrikeExpiry
Ordinary sharesOrdinary Share719.8M——
Conditional performance rightsPerformance Right27.8M——
Options at A$0.40 exercise priceOption2MA$0.4—

KPI history

Operating metrics

Source values by period
Operating metric source table2
MetricProjectPeriodPeriod typeValueStatus
Free Cash FlowCompanyFY2026Year-1,663,399 AUD operating cash flow, excludes capitalized explorationReported
OtherCompanyJune 2026 quarterQuarter-2,128,000 AUD net operating cash flowReported
Company guidance1
MetricProjectPeriodLowHighStatus
Scoping Study Resultmt-idaCalendar 2026—— milestoneCurrent

Capital history

Capital events

1 events · newest first
DateEventAmountSharesPriceStatusTerms
2025-07-01Dividend———Completed—

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Complete As Disclosed · as of 2026-09-22

Annual financial notes, latest quarterly and local acquisition releases reviewed for live and terminated arrangements.

DLI owns lithium rights and a minority listed Ballard equity stake; gold economics sit in Ballard and shared site administration is split 50/50.

Strategic Partnership · Active
Counterparties
Ballard Mining Limited
Applies to
Mt Ida lithium project · Gold · Lithium
Economic direction
Mixed
Period
From 2025-07-01; no end date stated
Key terms
Gold mineral rights: exclusive to Ballard
Shared Mt Ida tenement administration: 50 percent each
DLI Ballard ordinary shares: 156,000,000 shares
How it affects our valuation

No valuation treatment is available for this arrangement.

1.5% NSR on specified Aston minerals, contingent on future production.

Royalty · Active
Counterparties
Minerals 260 Limited
Applies to
Yinnetharra lithium and critical-minerals project · Lithium · Others
Economic direction
Burden
Period
From 2025-05-21; no end date stated
Key terms
Aston net smelter return royalty: 1.5 %
How it affects our valuation

No valuation treatment is available for this arrangement.

Conditional tonnes-based payment for Mortimer Hills E09/2147 if a qualifying lithium resource is defined by April 2029.

Other · Conditional
Counterparties
Zeus Resources Limited
Applies to
Yinnetharra lithium and critical-minerals project · Lithium
Economic direction
Burden
Period
2025-04-28 to 2029-04-28
Key terms
Resource trigger: 0.8 % Li2O
Payment for 5-10Mt: 0.4 AUD/t
Payment for >=10Mt: 0.5 AUD/t
Excess tonnes: 0 AUD/t
How it affects our valuation

No valuation treatment is available for this arrangement.

Contingent consideration from divested Eureka gold project; trigger probability and date unquantified.

Other · Conditional
Counterparties
Javelin Minerals Limited
Applies to
Company-wide · Gold
Economic direction
Benefit
Period
From 2024-01-01; no end date stated
Key terms
Contingent consideration cap: 1,000,000 AUD in Javelin shares
How it affects our valuation

No valuation treatment is available for this arrangement.

Former Morrissey/Camel earn-in terminated when DLI acquired the tenements in June 2026.

Earn In · Terminated
Counterparties
Reach Resources Limited
Applies to
Yinnetharra lithium and critical-minerals project · Lithium
Economic direction
Mixed
Period
Through 2026-06-22; start date not stated
How it affects our valuation

This arrangement has ended; no current valuation treatment is required.

Ti-Tree earn-in terminated; associated expenditure impaired and tenure excluded.

Earn In · Terminated
Counterparties
Voltaic Strategic Resources Limited
Applies to
Company-wide · Lithium
Economic direction
Mixed
Period
Through 2026-07-01; start date not stated
How it affects our valuation

This arrangement has ended; no current valuation treatment is required.