Macquarie sets AUD 11.50 target for Elevra Lithium stock
Published on 10/06/2026 at 13:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Macquarie maintained a Buy rating and set an AUD 11.50 target for Elevra Lithium stock on October 1, 2026, Markets Insider reported. The company also updated the proposed sale of its Ewoyaa Lithium Project for USD 71 million in cash consideration, with approval timing now central to the transaction.
Ewoyaa approval sets the near-term test
According to ABN Newswire on October 1, 2026, the transaction remains subject to Ghanaian government approvals. If those approvals are not obtained by October 30, 2026, Huayou may either complete the purchase or terminate it and pay Elevra a USD 5 million break fee.
The structure creates a clear binary event for the company. Completion would release USD 71 million before fees and taxes, while a termination under the stated terms would produce a smaller cash payment and leave the Ewoyaa interests with Elevra.
Revenue fell while losses narrowed
For the quarter ending June 30, 2026, Elevra reported revenue of AUD 90.35 million and a GAAP net loss of AUD 42.06 million, according to Markets Insider. Revenue was down 10.95 percent from AUD 101.47 million a year earlier, while the net loss narrowed 82.65 percent from AUD 242.56 million.
The latest full-year operating picture was stronger. ABN Newswire reported FY26 revenue of USD 202 million, cash of USD 255 million at June 30, 2026, and NAL production of 197,967 dry metric tonnes of spodumene concentrate. Production was 3.00 percent below FY25, but fourth-quarter recovery improved to 71.00 percent.
October 30 is the next decision date
Elevra Lithium has two competing value drivers: the Ewoyaa approval process and the operating performance of its North American Lithium assets. The company reported a FY27 production guidance range of 198,000 to 210,000 dry metric tonnes and sales guidance of 200,000 to 230,000 dry metric tonnes in its September 2026 presentation.
Elevra Lithium facts
- Company: Elevra Lithium Limited
- Ticker: ELV
- Primary exchange: ASX
- Sector / Industry: Materials / lithium mining
- Key event: Proposed Ewoyaa sale approval deadline October 30, 2026
- Analyst target: AUD 11.50 from Macquarie on October 1, 2026
