VAULT MINERALS LIMITED (VAU)
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VAU

VAU - VAULT MINERALS LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.08
Index: ASX200 | ASX300 | ALL-ORDS

Vault Minerals is a diversified Australian gold producer with a portfolio of mines, processing facilities and development assets in Western Australia. It was formed through the 2024 merger of Red 5 and Silver Lake Resources.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.05

05 Nov
2026

0.730

OPEN

$5.98

13.72%

HIGH

$6.08

7,600,945

LOW

$5.78

TARGET
$8.00 32.2% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
VAU: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 26.7 59.2 xxx
DPS (cps) xxx 7.0 14.0 xxx
EPS Growth xxx 18.0% 100.0% xxx
DPS Growth xxx N/A 100.0% xxx
PE Ratio xxx N/A 9.9 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 26.2% 23.7% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.20

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 10/03 - (franking ex-div 7.00c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx26.7
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx1,926.6 M
Book Value Per Share xxxxxxxxxxxxxxx206.7
Net Operating Cash Flow xxxxxxxxxxxxxxx888.0 M
Net Profit Margin xxxxxxxxxxxxxxx14.45 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx13.46 %
Return on Invested Capital xxxxxxxxxxxxxxx13.12 %
Return on Assets xxxxxxxxxxxxxxx10.89 %
Return on Equity xxxxxxxxxxxxxxx13.46 %
Return on Total Capital xxxxxxxxxxxxxxx29.61 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx475.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx26 M
Long Term Debt xxxxxxxxxxxxxxx48 M
Total Debt xxxxxxxxxxxxxxx74 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx826 M
Price To Book Value xxxxxxxxxxxxxxx2.02

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx364.5 M
Capex % of Sales xxxxxxxxxxxxxxx18.92 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,236 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx53 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

15/10/2026

1

Buy

$7.40

22.31%

Ord Minnett increases its gold forecasts in 2028 by 11% to align with the forward curve and consensus with FY29-onwards forecasts largely unchanged, ahead of the upcoming quarterly results.

Vault Minerals retains a Buy rating with a higher target of $7.40 from $6.40 with FY27 EPS forecast down -1% and FY28 forecast up 23%.

The research report was published on October 14.

FORECAST
Ord Minnett forecasts a full year FY27 EPS of 57.00 cents.
Ord Minnett forecasts a full year FY28 EPS of 66.00 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Moelis

26/10/2026

1

Buy

$6.58

8.76%

Moelis maintains a Buy rating for Vault Minerals with its target price decreased to $6.58 from $7.90 following a softer September quarter production report featuring 79.1koz of gold at an all-in sustaining cost of $3,529 per ounce.

Total gold output missed the broker's estimate of 90.2koz, driven by lower head grades across operations and reported manning level impacts.

Incorporating details from the recent scheme document drives adjustments across production and capital assumptions, resulting in a -14.7% reduction in FY28 net profit after tax estimates to $708.6m.

The revised valuation methodology reflects the prescribed Genesis Minerals merger consideration, transitioning to a proxy multiple of 0.7629 times the new owner's equity valuation plus $0.475 per share in cash.

The analyst notes material upside remains between the revised assessment and current trading levels pending clearer direction in the spot gold price.

FORECAST
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 57.60 cents.
Moelis forecasts a full year FY28 dividend of 0.00 cents and EPS of 68.50 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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VAU STOCK CHART

FNArena News on VAU

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 30-10-26

Oct 30 2026 - Weekly Reports
2
Rudi’s View: High Conviction ASX Opportunities

Oct 29 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – Oct 28, 2026

Oct 28 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Oct 27, 2026

Oct 27 2026 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Oct 26, 2026

Oct 26 2026 - Daily Market Reports

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