VAULT MINERALS LIMITED (VAU)
Share Price Analysis and Chart

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VAU

VAU - VAULT MINERALS LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.16
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

$4.70

30 Jul
2026

-0.250

OPEN

$5.05

-5.05%

HIGH

$5.05

4,906,869

LOW

$4.63

TARGET
$6.833 45.4% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
VAU: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 22.7 43.1 xxx
DPS (cps) xxx 0.0 17.0 xxx
EPS Growth xxx N/A 90.4% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 11.1 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx N/A 39.4% xxx

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

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx22.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,432.1 M
Book Value Per Share xxxxxxxxxxxxxxx191.0
Net Operating Cash Flow xxxxxxxxxxxxxxx539.7 M
Net Profit Margin xxxxxxxxxxxxxxx16.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx13.09 %
Return on Invested Capital xxxxxxxxxxxxxxx12.62 %
Return on Assets xxxxxxxxxxxxxxx10.28 %
Return on Equity xxxxxxxxxxxxxxx13.09 %
Return on Total Capital xxxxxxxxxxxxxxx13.56 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx253.9 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx41 M
Long Term Debt xxxxxxxxxxxxxxx57 M
Total Debt xxxxxxxxxxxxxxx98 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx674 M
Price To Book Value xxxxxxxxxxxxxxx1.43

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx300.8 M
Capex % of Sales xxxxxxxxxxxxxxx21.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,130 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx36 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2 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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

18/05/2026

1

Outperform

$7.10

(16/06/2026)

51.06%

Macquarie takes a closer look at the proposed scrip merger between Vault Minerals ((VAU)) and Regis Resources ((RRL)) and concludes the merged company could rival Evolution Mining ((EVN)) in terms of production, becoming the second-largest Australian gold producer with FY27 production of around 772,000 ounces.

While there are no operating synergies on offer other than synergies include $500m in corporate tax benefits from the anticipated write-up of tax assets, a reduction in Australian corporate costs and lower future cost of capital.

The likelihood of a counter bid is considered low and there would be limited operating synergies for other Western Australia mid-cap gold companies. While there is potential for the divestment of non-core assets, Macquarie acknowledges these would be those that have limited mine life, limited exploration upside and low valuations.

Outperform rating and target price of $7.70.

FORECAST
Macquarie forecasts a full year FY26 dividend of 19.00 cents and EPS of 51.20 cents.
Macquarie forecasts a full year FY27 dividend of 20.00 cents and EPS of 60.10 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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

20/07/2026

3

Neutral

$5.20

10.64%

Jarden retains a Neutral rating for Vault Minerals while lifting its price target to $5.20 from $4.30 to incorporate a premium for the proposed merger with Genesis Minerals.

The proposed consideration represents a 16% premium to the Vault Minerals share price and is viewed as a positive outcome that provides shareholders exposure to a more resilient combined entity with a superior growth profile.

The combined group would rank as the third-largest primary Australian-listed gold producer, featuring a pro-forma market capitalisation of $12.6bn and pro-forma production of 600koz to 700koz of gold per annum.

Jarden highlights the new entity is expected to emerge with a strong balance sheet carrying over $600m in net cash and a combined resource base of 33.6Moz.

Vault Minerals' share price is expected to remain heavily influenced by Genesis Minerals' performance pending the scheme meeting expected in September or October 2026.

FORECAST
Jarden forecasts a full year FY26 dividend of 18.00 cents and EPS of 53.60 cents.
Jarden forecasts a full year FY27 dividend of 18.00 cents and EPS of 60.40 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

VAU STOCK CHART

FNArena News on VAU

1
Australian Broker Call *Extra* Edition – Jul 30, 2026

Jul 30 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Jul 20, 2026

Jul 20 2026 - Daily Market Reports
3
Next Week At A Glance – 20-25 Jul 2026

Jul 17 2026 - Weekly Reports
4
Next Week At A Glance – 13-17 Jul 2026

Jul 10 2026 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Jul 06, 2026

Jul 06 2026 - Daily Market Reports

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