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WA1 Resources Ltd
(Sydney:WA1)
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Rating:45Neutral
Price Target:
AU$11.00
▼(-3.42% Downside)
Action:Reiterated
Date:03/17/26
The score is held back mainly by weak financial performance metrics typical of an early-stage explorer (no meaningful recent revenue, widening losses, and sharply worse free cash flow) and bearish technicals (price below all key moving averages and negative MACD). A strong, low-debt balance sheet provides meaningful support but does not offset the current cash burn and downtrend.
Positive Factors
Strong balance sheet
Extremely low leverage and a materially larger equity base provide durable funding capacity. This reduces near-term refinancing vulnerability and allows the company to underwrite multi-stage exploration programs and capital investments over the next several months without immediate solvency pressure.
Negative Factors
Pre-revenue profile
Absence of recurring revenue and widening net losses mean the business lacks operating cash generation to fund growth. Over 2-6 months this sustains dependence on external capital, limits reinvestment flexibility, and leaves profitability outcomes uncertain until a material resource monetization event occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Extremely low leverage and a materially larger equity base provide durable funding capacity. This reduces near-term refinancing vulnerability and allows the company to underwrite multi-stage exploration programs and capital investments over the next several months without immediate solvency pressure.
Read all positive factors
WA1 Resources Ltd (WA1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$809.61M
Dividend YieldN/A
Average Volume (3M)177.32K
Price to Earnings (P/E)―
Beta (1Y)1.63
Revenue GrowthN/A
EPS Growth-47.24%
CountryAU
Employees26
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.06
Shares Outstanding74,344,376
10 Day Avg. Volume149,681
30 Day Avg. Volume177,317
Financial Highlights & Ratios
PEG Ratio-11.95
Price to Book (P/B)8.38
Price to Sales (P/S)0.00
P/FCF Ratio-33.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$30.60Price Target Upside168.66% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.09
Revenue Forecast (FY)N/A
WA1 Resources Ltd Business Overview & Revenue Model
Company Description
WA1 Resources Ltd specializes in mineral exploration, concentrating its efforts on ventures situated in Western Australia. The company actively seeks out deposits containing iron oxide, copper, and gold. Its primary undertaking is the wholly-owned...
How the Company Makes Money
null...
WA1 Resources Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 261.12K | 0.00 | 0.00 |
| Gross Profit | -118.55K | -122.21K | -44.06K | 230.57K | 0.00 | 0.00 |
| EBITDA | -4.21M | -6.99M | -3.50M | -2.19M | -622.59K | 49.85K |
| Net Income | -7.15M | -4.80M | -3.54M | -2.22M | -622.59K | -49.85K |
Balance Sheet | ||||||
| Total Assets | 224.99M | 130.26M | 75.47M | 24.80M | 4.69M | 628.38K |
| Cash, Cash Equivalents and Short-Term Investments | 138.53M | 72.80M | 46.94M | 17.00M | 3.68M | 206.15K |
| Total Debt | 1.19M | 17.28K | 0.00 | 43.78K | 0.00 | 0.00 |
| Total Liabilities | 5.67M | 4.32M | 3.46M | 2.23M | 131.69K | 234.23K |
| Stockholders Equity | 219.32M | 125.94M | 72.01M | 22.56M | 4.56M | 394.15K |
Cash Flow | ||||||
| Free Cash Flow | -34.48M | -31.45M | -2.22M | -5.62M | -729.48K | -39.21K |
| Operating Cash Flow | -2.39M | -2.05M | -2.22M | -1.08M | -729.48K | -19.91K |
| Investing Cash Flow | -22.00M | -29.39M | -18.03M | -6.68M | -531.66K | -67.94K |
| Financing Cash Flow | 36.78M | 57.31M | 52.19M | 19.08M | 4.73M | 294.00K |
WA1 Resources Ltd Technical Analysis
Negative
11.39
Price Trends
11.71
Negative
12.76
Negative
14.56
Negative
Market Momentum
-0.32
Positive
36.53
Neutral
31.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WA1, the sentiment is Negative. The current price of 11.39 is below the 20-day moving average (MA) of 11.59, below the 50-day MA of 11.71, and below the 200-day MA of 14.56, indicating a bearish trend. The MACD of -0.32 indicates Positive momentum. The RSI at 36.53 is Neutral, neither overbought nor oversold. The STOCH value of 31.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WA1.
WA1 Resources Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$10.51B | 20.06 | 17.19% | 1.65% | 31.56% | 256.29% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$320.83M | -8.75 | -14.19% | ― | ― | 78.60% | |
45 Neutral | AU$809.61M | -172.12 | -4.14% | ― | ― | -47.24% | |
44 Neutral | AU$352.03M | -30.74 | -3.91% | ― | ― | 17.44% | |
44 Neutral | AU$173.22M | -12.45 | -242.58% | ― | ― | -79.69% |
* Basic Materials Sector Average
AU:WA1
WA1 Resources Ltd
10.62
-6.88
-39.31%
AU:HCH
Hot Chili Limited
1.62
0.78
92.86%
AU:SFR
Sandfire Resources Limited
21.26
8.98
73.14%
AU:CYM
Cyprium Metals Limited
0.52
0.23
79.93%
AU:CVV
Caravel Minerals Limited
0.29
0.13
90.00%
WA1 Resources Ltd Corporate Events
WA1 Resources Issues 107,000 Unquoted Performance Rights Under Staff Incentive Plan
Jul 31, 2026
WA1 Resources Ltd has notified the market that it will issue 107,000 unquoted performance rights under its employee incentive scheme. These WA1AH performance rights, scheduled for issue on July 31, 2026, are not intended to be quoted on ASX, indic...
WA1 boosts Luni niobium resource and advances project de-risking
Jul 29, 2026
WA1 Resources reported significant progress at its Luni Niobium Project during the June quarter, including an updated Mineral Resource estimate that expanded the Indicated component to 93 million tonnes at 1.32% Nb2O5, with a high-grade subset of ...
WA1 boosts confidence in high-grade Luni niobium as drilling and PFS advance
Jul 28, 2026
WA1 Resources has reported further high-grade niobium intersections from infill diamond drilling in the eastern zone of its Luni Niobium Project in Western Australia, with multiple thick, high-grade intervals boosting confidence in the mineralisat...
WA1 boosts Luni niobium credentials with strong beneficiation results
Jun 21, 2026
WA1 Resources has reported strong results from metallurgical beneficiation testwork at its Luni Niobium Project in Western Australia, reinforcing confidence in a two-stage flotation regime to process the deposit. Scaled-up testing across four comp...
State Street Group Exits Substantial Holding in WA1 Resources
May 11, 2026
State Street Corporation, through several asset management and trust subsidiaries, has filed a notice that it has ceased to be a substantial shareholder in WA1 Resources Ltd as of 7 May 2026. The filing lists multiple related entities, including S...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.