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Highlights

  • Canaccord Genuity sets AUD 0.75 target price, indicating 97.37% upside

  • In Q2 2025, VAU's gold production rises 13% QoQ, hitting 98,459 ounces

  • Stage 2 KoTH plant upgrade to increase throughput capacity by 50%

Vault Minerals Limited (ASX:VAU) has garnered bullish sentiment from analysts, with BUY recommendations and an impressive price target upside of up to 97%. Backed by its quarterly performance, consistent production growth, and a strategic roadmap, the company is likely to be gaining attention for its medium to long-term growth potential.

Analysts Back Vault with BUY Ratings

Canaccord Genuity's analyst Tim McCormack has given a BUY rating, setting a price target of AUD 0.75, a 97.37% premium over the current share price of AUD 0.38. Similarly, Moelis Australia Securities analyst Paul Hissey reaffirmed a BUY rating with a target of AUD 0.73, representing a 92.11% upside.

According to the data shared by Refinitiv, the current average target price stands at AUD 0.61, reflecting a 60.53% upside from the current market value.

Production and Financial Performance

In its latest Quarterly Activities Report for the period ending 30 June 2025, Vault reported gold production of 98,459 ounces, marking a 13% quarter-on-quarter increase. Sales totaled 95,976 ounces at an impressive average realised price of AUD 4,219/oz, despite a portion delivered into the hedge book at lower prices.

Full-year FY25 results were equally positie, with total production of 380,985 ounces and sales of 385,232 ounces at an all-in sustaining cost (AISC) of AUD 2,422/oz. The company’s operations across Mount Monger, Deflector Region, and Leonora continue to deliver significant output and resource expansion.

Vault also recorded underlying free cash flow of AUD 92.3 million in the quarter and cash and bullion reserves of AUD 685.9 million.

Accelerated Growth Strategy at Leonora

A significant highlight from the quarter was the release of an updated Leonora strategy, which includes a 33% increase in Ore Reserves at the King of The Hills (KoTH) open pit to 2.2 million ounces. This has prompted an acceleration of the Stage 2 KoTH plant upgrade, now expected to lift processing capacity by 50% to 7.5 million tonnes per annum (mtpa) by Q2 FY27.

Exploration activities are also ramping up, with a >100% increase in planned resource definition drilling for FY26 and four rigs now active in the Leonora region.