OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor IVR ASX

Investigator Silver Limited

DFS Unfunded Developer · Silver · Australia Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.041
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$107.5M
EV
A$49.1M
Cash
A$58.8M
Debt
A$315.2K
2 newer ASX announcements not yet reflected in this valuation

Narrative and provenance

Research & Sources

AI Analyst Report

The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.

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Chronological evidenceSource-document inventory27 documents
ASX IVR 25 September 2026 closing observationMarket Data · HighExtracted

Latest eligible local ASX close is A$0.052 on 25 September 2026, volume 5,035,650, from market data provider via miners.collect_stock_prices.

Document ID
doc_20260925_ivr_market_close
Published UTC
2026-09-25T06:00:00Z
Projects
—
Commodities
—
Open original source ↗
30,000m Drilling Program Underway to Unlock Paris GrowthOperations · HighExtracted

Issuer company update says fully funded 30,000m program is underway, targeting resource growth and higher-confidence categories; assays are expected progressively.

Document ID
doc_20260923_30000m_drill_program
Published UTC
2026-09-22T23:17:00Z
Projects
paris · regional_exploration
Commodities
silver
Open original source ↗
2026 Annual ReportResults · HighExtracted

Audited FY26 financials and notes establish current leadership, subsidiaries, Black Hill earn-in, Stuart Shelf royalty and Molyhil consideration.

Document ID
doc_20260916_annual_report
Published UTC
2026-09-16T00:42:00Z
Projects
paris · regional_exploration · molyhil · black_hill · stuart_shelf
Commodities
silver · tungsten · others
Open original source ↗
Paris Project Initial Silver Drill ResultsResource Update · HighExtracted

Issuer reports high-grade intersections outside the DFS pit margin; no new Mineral Resource or Ore Reserve is declared.

Document ID
doc_20260901_paris_drill_results
Published UTC
2026-08-31T23:10:00Z
Projects
paris · regional_exploration
Commodities
silver
Open original source ↗
Investigator lodges Mining Lease ApplicationPermitting · HighExtracted

Issuer confirms Paris MLA lodgement and targets completion of permitting and approvals during 2027; PEPR preparation continues.

Document ID
doc_20260819_mining_lease_application
Published UTC
2026-08-18T23:16:00Z
Projects
paris
Commodities
silver
Open original source ↗
Application for quotation of securities - IVRFinancing · HighExtracted

Capital-markets filing reviewed for cash raised, issue terms and the resulting security count.

Document ID
doc_20260731_application_for_quotation_of_securities_ivr
Published UTC
2026-07-31T01:57:14Z
Projects
—
Commodities
—
Open original source ↗
Quarterly Activities and Cash Flow ReportResults · HighExtracted

Periodic issuer report reviewed for financial position, capital structure, project progress and portfolio status.

Document ID
doc_20260723_quarterly_activities_and_cash_flow_report
Published UTC
2026-07-23T00:02:06Z
Projects
paris · regional_exploration · molyhil
Commodities
silver
Open original source ↗
Application for quotation of securities - IVRFinancing · HighExtracted

Capital-markets filing reviewed for cash raised, issue terms and the resulting security count.

Document ID
doc_20260430_application_for_quotation_of_securities_ivr
Published UTC
2026-04-30T06:05:58Z
Projects
—
Commodities
—
Open original source ↗
Quarterly Activities and Cash Flow ReportResults · HighExtracted

Periodic issuer report reviewed for financial position, capital structure, project progress and portfolio status.

Document ID
doc_20260424_quarterly_activities_and_cash_flow_report
Published UTC
2026-04-24T00:49:41Z
Projects
paris · regional_exploration · molyhil
Commodities
silver
Open original source ↗
Investor Webinar PresentationPresentation · MediumExtracted

Issuer presentation reviewed as a summary cross-check against the underlying DFS and financing release.

Document ID
doc_20260324_investor_webinar_presentation
Published UTC
2026-03-23T23:50:31Z
Projects
paris
Commodities
silver
Open original source ↗
Half Yearly AccountsResults · HighExtracted

Periodic issuer report reviewed for financial position, capital structure, project progress and portfolio status.

Document ID
doc_20260306_half_yearly_accounts
Published UTC
2026-03-06T04:39:10Z
Projects
paris · regional_exploration · molyhil
Commodities
silver
Open original source ↗
Paris DFS Investor PresentationStudy · HighExtracted

Paris study or study update reviewed for technical design, economics, schedule and supersession status.

Document ID
doc_20260303_paris_dfs_investor_presentation
Published UTC
2026-03-02T22:56:00Z
Projects
paris
Commodities
silver
Open original source ↗
Paris DFS Confirms Maiden Ore Reserve, Strong EconomicsStudy · HighExtracted

Paris study or study update reviewed for technical design, economics, schedule and supersession status.

Document ID
doc_20260227_paris_dfs_confirms_maiden_ore_reserve_strong
Published UTC
2026-02-27T00:47:38Z
Projects
paris
Commodities
silver
Open original source ↗
Amended Quarterly Activities and Cash Flow ReportResults · HighExtracted

Periodic issuer report reviewed for financial position, capital structure, project progress and portfolio status.

Document ID
doc_20260203_amended_quarterly_activities_and_cash_flow_r
Published UTC
2026-02-03T05:09:00Z
Projects
paris · regional_exploration · molyhil
Commodities
silver
Open original source ↗
Amended Paris Silver DFS UpdateStudy · HighExtracted

Paris study or study update reviewed for technical design, economics, schedule and supersession status.

Document ID
doc_20260203_amended_paris_silver_dfs_update_2
Published UTC
2026-02-03T04:11:15Z
Projects
paris
Commodities
silver
Open original source ↗
Quarterly Activities and Cash Flow ReportResults · HighExtracted

Periodic issuer report reviewed for financial position, capital structure, project progress and portfolio status.

Document ID
doc_20260122_quarterly_activities_and_cash_flow_report
Published UTC
2026-01-21T21:59:55Z
Projects
paris · regional_exploration · molyhil
Commodities
silver
Open original source ↗
Tivan completes acquisition of the Molyhil ProjectTransaction · MediumExtracted

Partner transaction release reviewed for Molyhil or associated fluorite ownership and consideration.

Document ID
doc_20260119_tivan_completes_acquisition_of_the_molyhil_p
Published UTC
2026-01-18T22:10:34Z
Projects
molyhil
Commodities
tungsten · others
Open original source ↗
Paris Silver DFS Update - Optimisation and Recovery LiftStudy · HighExtracted

Paris study or study update reviewed for technical design, economics, schedule and supersession status.

Document ID
doc_20251216_paris_silver_dfs_update_optimisation_and_rec
Published UTC
2025-12-15T21:35:17Z
Projects
paris
Commodities
silver
Open original source ↗
Clarification- Paris DFS - Finance Testing Supports 1.5 MtpaStudy · HighExtracted

Paris study or study update reviewed for technical design, economics, schedule and supersession status.

Document ID
doc_20251113_clarification_paris_dfs_finance_testing_supp
Published UTC
2025-11-13T05:11:15Z
Projects
paris
Commodities
silver
Open original source ↗
Paris DFS - Finance Testing Supports 1.5 Mtpa DesignStudy · HighExtracted

Paris study or study update reviewed for technical design, economics, schedule and supersession status.

Document ID
doc_20251009_paris_dfs_finance_testing_supports_1_5_mtpa_
Published UTC
2025-10-08T21:53:04Z
Projects
paris
Commodities
silver
Open original source ↗
2025 Annual ReportResults · HighExtracted

Periodic issuer report reviewed for financial position, capital structure, project progress and portfolio status.

Document ID
doc_20250922_2025_annual_report
Published UTC
2025-09-21T23:07:28Z
Projects
paris · regional_exploration · molyhil
Commodities
silver
Open original source ↗
Paris DFS UpdateStudy · HighExtracted

Paris study or study update reviewed for technical design, economics, schedule and supersession status.

Document ID
doc_20241216_paris_dfs_update
Published UTC
2024-12-15T21:48:29Z
Projects
paris
Commodities
silver
Open original source ↗
Tivan acquires second Fluorite ProjectTransaction · MediumExtracted

Partner transaction release reviewed for Molyhil or associated fluorite ownership and consideration.

Document ID
doc_20241121_tivan_acquires_second_fluorite_project
Published UTC
2024-11-20T21:37:22Z
Projects
molyhil
Commodities
tungsten · others
Open original source ↗
2024 Molyhil Mineral Resource EstimateResource Update · HighExtracted

Resource update reviewed for tonnage, grade, contained metal and ownership context.

Document ID
doc_20240531_2024_molyhil_mineral_resource_estimate
Published UTC
2024-05-30T22:43:13Z
Projects
molyhil
Commodities
tungsten · others
Open original source ↗
Updated Molyhil Mineral Resource EstimateResource Update · HighExtracted

Resource update reviewed for tonnage, grade, contained metal and ownership context.

Document ID
doc_20240528_updated_molyhil_mineral_resource_estimate
Published UTC
2024-05-27T22:40:22Z
Projects
molyhil
Commodities
tungsten · others
Open original source ↗
IVR Secures $5M To Complete Paris DFS and ExplorationStudy · HighExtracted

Paris study or study update reviewed for technical design, economics, schedule and supersession status.

Document ID
doc_20231213_ivr_secures_5m_to_complete_paris_dfs_and_exp
Published UTC
2023-12-12T22:54:58Z
Projects
paris
Commodities
silver
Open original source ↗
Paris DFS UpdateStudy · HighExtracted

Paris study or study update reviewed for technical design, economics, schedule and supersession status.

Document ID
doc_20230921_paris_dfs_update
Published UTC
2023-09-20T22:30:21Z
Projects
paris
Commodities
silver
Open original source ↗
Evidence facts66
fact_20260731_new_sharesOrdinary shares quoted on performance-right conversion

21381818 shares

2026-07-31
fact_20260731_sharesOrdinary shares following quotation

2622857752 shares

2026-07-31
fact_20260731_listed_optionsListed IVROB options following quotation

462589367 options

2026-07-31
fact_20260731_performance_rightsUnquoted performance rights

14254546 rights

2026-07-31
fact_20260723_cashCash and cash equivalents

58795000 AUD

2026-06-30
fact_20260723_runwayEstimated quarters of funding

21.45 quarters

2026-06-30
fact_20260723_sharesOrdinary shares on issue

2600991028 shares

2026-06-30
fact_20260723_optionsListed IVROB options

462589367 options

2026-06-30
fact_20260723_mla_targetMining Lease Application submission target

September 2026 quarter None

2026-07-23
fact_20260723_ntma_criticalNative Title Mining Agreement is critical path to MLA grant

True None

2026-07-23
fact_20260430_sharesASX generated ordinary shares following quotation

2601475934 shares

2026-04-30
fact_20260430_placement_sharesPlacement shares quoted

484906 shares

2026-04-30
fact_20260424_cashCash and cash equivalents

50898000 AUD

2026-03-31
fact_20260424_sharesOrdinary shares on issue

2469670925 shares

2026-03-31
fact_20260424_molyhil_deferredMolyhil deferred consideration

1312500 AUD

2026-04-24
fact_20260306_molyhil_deferredRemaining Molyhil deferred consideration

1312500 AUD

2026-01-19
fact_20260303_placementTwo-tranche institutional placement

55000000 AUD

2026-03-03
fact_20260303_placement_pricePlacement price

0.086 AUD/share

2026-03-03
fact_20260227_paris_ownershipParis ownership

100 %

2026-02-27
fact_20260227_consensus_silverDFS consensus silver price

60.18 USD/oz

2026-02-27
fact_20260227_fxDFS AUD:USD exchange rate

0.69 AUD:USD

2026-02-27
fact_20260227_consensus_pretax_npvDFS consensus pre-tax NPV8

618000000 AUD

2026-02-27
fact_20260227_consensus_posttax_npvDFS consensus post-tax NPV8

445000000 AUD

2026-02-27
fact_20260227_spot_posttax_npvDFS spot post-tax NPV8

832000000 AUD

2026-02-27
fact_20260227_capexDevelopment funding requirement

260000000 AUD

2026-02-27
fact_20260227_aiscLife-of-mine all-in sustaining cost

39.7 AUD/oz

2026-02-27
fact_20260227_mine_lifeParis operating mine life

108 months

2026-02-27
fact_20260227_recoverySilver recovery

78 %

2026-02-27
fact_20260227_resourceParis global Mineral Resource

24 Mt

2023-07-05
fact_20260227_resource_silverParis contained silver Mineral Resource

57 Moz Ag

2023-07-05
fact_20260227_reserveParis Probable Ore Reserve

12 Mt

2026-02-27
fact_20260227_reserve_silverParis Ore Reserve contained silver

33 Moz Ag

2026-02-27
fact_20260227_silver_leveragePre-tax NPV8 change per US$1/oz silver

27000000 AUD per USD/oz

2026-02-27
fact_20260227_breakevenDFS NPV8 breakeven silver price

37.35 USD/oz

2026-02-27
fact_20260203_quarterly_retractionPrior pit optimisation sections retracted

True None

2026-02-03
fact_20260203_retractionPrior pit optimisation references retracted

True None

2026-02-03
fact_20260119_molyhil_saleTivan completed acquisition of Molyhil

True None

2026-01-19
fact_20251216_recovery_upliftMetallurgical silver recovery uplift

6 % relative

2025-12-16
fact_20251216_pit_optimisationPit optimisation outcome later retracted

retracted None

2025-12-16
fact_20251113_nameplate_clarification1.5 Mtpa is design capacity, not a production target

True None

2025-11-13
fact_20251009_nameplateSelected Paris plant nameplate throughput

1.5 Mtpa

2025-10-09
fact_20241216_dfs_delayParis DFS release delayed for optimisation

True None

2024-12-16
fact_20240531_molyhil_resourceMolyhil Mineral Resource

4.65 Mt

2024-05-31
fact_20240528_molyhil_resourceMolyhil Mineral Resource

4.647 Mt

2024-05-28
fact_20240528_molyhil_tungsten_gradeMolyhil tungsten grade

0.26 % WO3

2024-05-28
fact_20240528_molyhil_moly_gradeMolyhil molybdenum grade

0.09 % Mo

2024-05-28
fact_20231213_raisePlacement and SPP commitments

5000000 AUD

2023-12-13
fact_20231213_issue_pricePlacement issue price

0.039 AUD/share

2023-12-13
fact_20260819_mla_lodgedParis Mining Lease Application lodged

True None

2026-08-19
fact_20260819_permit_targetTarget completion of approvals process

during 2027 None

2026-08-19
fact_20260901_paris_eastParis East PPRC968 intersection

4m at 5,448 g/t Ag from 78m None

2026-09-01
fact_20260901_paris_northParis North PPRC957 intersection

2m at 4,211 g/t Ag from 111m None

2026-09-01
fact_20260630_audited_cashAudited cash and cash equivalents

58759734 AUD

2026-06-30
fact_20260630_lease_liabilityOffice lease liabilities

315200 AUD

2026-06-30
fact_20260630_fy_lossFY26 loss after tax

-2485167 AUD

2026-06-30
fact_20260630_operating_outflowFY26 net operating cash outflow

-998366 AUD

2026-06-30
fact_20260630_molyhil_receivableMolyhil deferred consideration present value

1130747 AUD

2026-06-30
fact_20260911_molyhil_paymentFirst Molyhil deferred instalment received

437500 AUD

2026-09-11
fact_20260630_stuart_nsrStuart Shelf net smelter royalty

2 % NSR

2026-06-30
fact_20260630_black_hill_stage1Black Hill stage one exploration spend

500000 AUD

2026-06-30
fact_20260923_drillingFully funded Paris drilling program commenced

30000 metres

2026-09-23
fact_20260925_closeIVR ordinary share closing price

0.052 AUD/share

2026-09-25
fact_20260922_closeIVR ordinary share closing price

0.055 AUD/share

2026-09-22
fact_20260923_closeIVR ordinary share closing price

0.056 AUD/share

2026-09-23
fact_20260819_closeIVR ordinary share closing price

0.047 AUD/share

2026-08-19
fact_20260820_closeIVR ordinary share closing price

0.053 AUD/share

2026-08-20
Conflicts requiring judgment3
  • Paris pit optimisation conclusions

    The 3 February 2026 amended release expressly retracts prior pit-optimisation references; no retracted result is used in valuation.

  • ordinary shares on issue

    The later 31 July Appendix 2A post-quotation total is selected over the 30 June quarterly capital table.

  • 30 June 2026 cash and cash equivalents

    The audited annual report's A$58,759,734 is selected over the Appendix 5B rounded A$58.795m cash disclosure.