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2026-11-06
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Valiant Gold Limited

Care And Maintenance · Gold · AU Rating locked: sign in to view v8.1 · val-20261031t153937-full
Last 2026-11-06
A$0.26
1D
—
1M
—
YTD
—
1Y
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Upside
Locked: sign in to view
Mkt cap
A$140.4M
EV
A$77.9M
Cash
A$62.5M
Debt
A$0

Funding, performance and ownership

Financials & Capital

As of 2026-09-30
Cash A$62.5M2026-06-30: 62,753,000 A$2026-09-30: 57,464,000 A$ Finite
Debt A$0 Net cash A$62.5M
Basic shares 540M 2026-09-30
Runway 11.8 quarters Cash and term deposits A$62.46m at 30 Sep 2026 over the September-quarter net outflow of A$5.29m (operating A$0.22m plus PP&E A$1.79m and exploration and evaluation A$3.28m, Appendix 5B items 1.9, 2.1c and 2.1d). This is the house definition used by the database; the company's own item 8.7 (16.4 quarters) excludes PP&E and uses cash and cash equivalents only.

Liquidity

Financial position

Cash and cash equivalents A$57.5m plus A$5.0m term deposits (maturity over 90 days, accessible) at 30 Sep 2026, A$62.5m in total, with no debt and no facilities drawn or available. Use-of-funds table: A$6.0m spent in the Sep quarter and A$15.5m since listing against the A$77m prospectus budget. The A$3.1m stamp-duty allocation is not expended after the exemption and remains unallocated. Comet restart and resource drilling are not yet costed in a study.

Capital structure

Ownership and dilution

Ordinary shares
540M
Fully diluted
565.8M

Ordinary shares 540,000,100 at 30 June 2026 and 30 Sep 2026 (annual report note 15; quarterly capital structure). Fully diluted adds 9,942,855 performance rights and 15,817,337 unlisted options, exercise prices not disclosed in the documents read. Restricted demerger shares (240,000,000 to Westgold) held in escrow to 27 March 2028.

Security classes3
ClassTypeQuantityStrikeExpiry
Fully paid ordinary sharesOrdinary Share540M——
Performance rightsPerformance Right9.9M——
Unlisted optionsOption15.8M——

KPI history

Operating metrics

Source values by period
Operating metric source table2
MetricProjectPeriodPeriod typeValueStatus
Cash and cash equivalents at 30 June 2026Company30 June 2026Point In Time62,753,000 AUDReported
Cash and cash equivalents at 30 Sep 2026CompanySep 2026 quarterPoint In Time57,464,000 AUDReported
Company guidance2
MetricProjectPeriodLowHighStatus
First Production (Comet, Underground Restart)cometH2 FY27—— textCurrent
Ore Delivery Under Ore Purchase AgreementcometFY27 onward1550 kt per monthCurrent

Capital history

Capital events

1 events · newest first
DateEventAmountSharesPriceStatusTerms
2026-03-19RaisingA$75M300M—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 2026-10-31

Only material arrangement disclosed is the Ore Purchase Agreement with Westgold; Westgold demerger terms and the 44% holding are capital-structure items.

Ore Purchase Agreement with Westgold allowing ore from Comet and Reedy to be processed at Westgold mills (Tuckabianna and Bluebird) with payment on delivery. Price, payability and recoveries not disclosed in the documents read.

Offtake · Active
Counterparties
Westgold Resources Limited
Applies to
Comet Gold Project · Reedy Gold Project · Gold
Economic direction
Benefit
Period
Dates not stated
Key terms
Payment timing: On delivery of ore
Ore delivery range: 15-50 kt per month
How it affects our valuation

No valuation treatment is available for this arrangement.