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White Cliff Minerals Limited
(Sydney:WCN)
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Rating:44Neutral
Price Target:
AU$0.43
▲(2035.00% Upside)
Action:Reiterated
Date:10/29/26
The score is weighed down primarily by weak financial performance—persistent losses and worsening cash burn—despite the offsetting benefit of a no-debt balance sheet. Technical signals are mildly bearish (sub-50 RSI and negative MACD with price below the 20-day average). Valuation is also constrained by negative earnings (negative P/E) and no dividend yield data.
Positive Factors
Debt-free balance sheet
Zero total debt across all reported years reduces refinancing and interest-burden risk, giving the explorer greater financial flexibility while projects are advanced. This conservative capital structure can help preserve strategic options through funding cycles, even though profitability remains weak.
Negative Factors
Accelerating cash burn
Persistent negative operating and free cash flow, combined with the sharp deterioration in 2026, shows that the business is consuming capital rather than funding itself. Continued outflows may require external funding to sustain exploration and could dilute existing shareholders over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero total debt across all reported years reduces refinancing and interest-burden risk, giving the explorer greater financial flexibility while projects are advanced. This conservative capital structure can help preserve strategic options through funding cycles, even though profitability remains weak.
Read all positive factors
White Cliff Minerals Limited (WCN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$98.92M
Dividend YieldN/A
Average Volume (3M)1.21M
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue Growth2800.61%
EPS Growth1.08%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.15
Shares Outstanding197,835,920
10 Day Avg. Volume1,351,053
30 Day Avg. Volume1,211,960
Financial Highlights & Ratios
PEG Ratio-0.23
Price to Book (P/B)5.18
Price to Sales (P/S)6.05
P/FCF Ratio-2.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
White Cliff Minerals Limited Business Overview & Revenue Model
Company Description
White Cliff Minerals Limited is an Australian-based company primarily engaged in discovering and advancing mineral deposits across the country. Its exploration efforts are focused on a diverse portfolio of metals, encompassing gold, lithium, rare ...
How the Company Makes Money
White Cliff Minerals Limited primarily seeks to create value through mineral exploration and project development, with the objective of progressing projects toward resource definition and development outcomes. However, specific, verifiable details...
White Cliff Minerals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
14
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.80M | 200.00K | 229.37K | 3.05M | 0.00 |
| Gross Profit | 5.79M | 191.47K | 229.37K | 3.05M | -1.24K |
| EBITDA | -22.93M | -13.83M | -5.13M | -2.46M | -1.61M |
| Net Income | -18.80M | -13.84M | -13.51M | 3.16M | -2.07M |
Balance Sheet | |||||
| Total Assets | 12.33M | 17.95M | 5.57M | 12.28M | 4.11M |
| Cash, Cash Equivalents and Short-Term Investments | 9.80M | 14.51M | 3.87M | 7.90M | 897.06K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 5.57M | 7.50M | 310.40K | 1.07M | 162.26K |
| Stockholders Equity | 6.76M | 10.46M | 5.26M | 11.22M | 3.95M |
Cash Flow | |||||
| Free Cash Flow | -14.53M | -8.05M | -4.82M | -2.04M | -1.83M |
| Operating Cash Flow | -14.52M | -8.03M | -4.75M | -1.95M | -1.62M |
| Investing Cash Flow | 2.08M | 689.19K | 385.42K | 294.30K | -125.94K |
| Financing Cash Flow | 6.58M | 19.01M | 5.13M | 3.29M | 967.64K |
White Cliff Minerals Limited Technical Analysis
Positive
0.02
Price Trends
0.45
Positive
0.40
Positive
0.34
Positive
Market Momentum
>-0.01
Positive
48.24
Neutral
20.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WCN, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.51, below the 50-day MA of 0.45, and below the 200-day MA of 0.34, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.24 is Neutral, neither overbought nor oversold. The STOCH value of 20.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WCN.
White Cliff Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | AU$32.82M | -13.56 | -5.23% | ― | ― | -69.77% | |
44 Neutral | AU$98.92M | -3.39 | -330.39% | ― | 2800.61% | 1.08% | |
43 Neutral | AU$35.32M | -3.79 | -70.12% | 153.53% | ― | -153.85% | |
43 Neutral | AU$26.57M | -1.51 | -70.01% | ― | 1349.50% | -87.74% | |
41 Neutral | AU$37.45M | -6.15 | -171.56% | 37.50% | ― | -39.65% | |
41 Neutral | AU$22.55M | -2.22 | -539.95% | ― | ― | -150.36% |
* Basic Materials Sector Average
AU:WCN
White Cliff Minerals Limited
0.50
0.15
41.24%
AU:ODY
Odyssey Gold Limited
0.03
>-0.01
-13.79%
AU:SFM
Santa Fe Minerals Ltd.
0.23
>-0.01
-4.17%
AU:AGC
Australian Gold & Copper Ltd.
0.10
-0.09
-46.49%
AU:WGR
Western Gold Resources Ltd.
0.08
-0.08
-52.50%
AU:VTX
Vertex Minerals Ltd.
0.09
-0.15
-62.50%
White Cliff Minerals Limited Corporate Events
White Cliff Minerals expands Rae copper footprint and secures Hancock backing
Oct 28, 2026
White Cliff Minerals reported a defining September quarter, with drilling at the Rae Copper Project significantly expanding the Danvers copper system, delivering a new discovery at Bornite Hills and enlarging the sediment-hosted copper footprint a...
White Cliff Minerals Expands Rae Copper Project and Secures Hancock Investment
Oct 27, 2026
White Cliff Minerals reported a highly active September quarter, highlighted by major drilling success at its Rae Copper Project in Canada. The Danvers prospect confirmed copper mineralisation over 4.75km of the Teshierpi corridor, marking a 480% ...
White Cliff Confirms High-Grade Copper System at Bornite Hills
Oct 25, 2026
White Cliff Minerals has reported outstanding maiden drilling results at the Bornite Hills target within the Rae Copper Project, confirming a new high-grade copper system. Initial diamond holes intersected up to 15.0m at 1.62% copper and 11.5m at ...
White Cliff Issues Shares to Hancock as Rae Copper System Grows
Oct 22, 2026
White Cliff Minerals has issued 515,791,601 ordinary shares to Hancock Prospecting Pty Ltd, with the board confirming the placement was conducted without a prospectus under the Corporations Act’s exemption provisions and that the company rem...
White Cliff Minerals Gains ASX Quotation for Major Share Placement
Oct 22, 2026
White Cliff Minerals Limited has lodged an application with the ASX for quotation of 515,791,601 new ordinary fully paid shares, following shareholder approval of a placement at a general meeting on 19 October 2026. The shares, to be quoted under ...
White Cliff Wins Hancock Backing to Fast-Track Rae Copper Drilling
Oct 19, 2026
White Cliff Minerals’ shareholders have approved an A$8.77 million private placement to Hancock Prospecting, giving Australia’s largest private company a 13.5% stake in the explorer. The funding marks a significant endorsement of White...
White Cliff Minerals Shareholders Back Hancock Deal and Capital Consolidation
Oct 19, 2026
White Cliff Minerals Limited reported the outcomes of its General Meeting held on 19 October 2026, where shareholders voted on a series of corporate resolutions. The company disclosed detailed proxy and poll results in line with ASX and Corporatio...
White Cliff Minerals Director Increases Equity Holding via Performance Rights Conversion
Oct 14, 2026
White Cliff Minerals has reported a change in director John Hancock’s interests following the conversion of vested Class G performance rights into ordinary shares. The transaction, undertaken for nil consideration, increases Hancock’s ...
White Cliff Minerals Director Restructures Equity Holdings
Oct 14, 2026
White Cliff Minerals Limited has disclosed a change in the interests of director Gavin Rezos, covering both direct and indirect holdings in the company’s securities. His interests are held through several entities, including Aymon Pacific Pt...
White Cliff Minerals Issues New Shares to Secure Copper Lease and Convert Performance Rights
Oct 14, 2026
White Cliff Minerals Limited has expanded its equity base by issuing 16,039,781 ordinary shares to the vendors of Lease 3663, covering the Bornite Lake “Copper Lamb” lease, following completion of the acquisition and licence transfer. ...
White Cliff Minerals Seeks ASX Quotation for 54 Million New Shares
Oct 14, 2026
White Cliff Minerals Limited has applied for quotation of 54,000,000 new ordinary fully paid shares on the ASX, with an issue date of October 14, 2026. The move increases the company’s quoted securities base, potentially providing additional...
White Cliff Minerals Seeks Quotation for 16 Million New Shares on ASX
Oct 14, 2026
White Cliff Minerals Limited has applied for quotation of 16,039,781 new ordinary fully paid shares on the ASX, with an issue date of October 14, 2026. The application under Appendix 2A follows previously announced transactions, indicating an expa...
White Cliff Minerals Highlights Copper Exploration Focus in Investor Update
Oct 11, 2026
White Cliff Minerals Limited, listed on the ASX and OTCQB, operates in the mining sector with a focus on copper exploration and project advancement. The company seeks to build value around a material copper discovery, targeting investors intereste...
White Cliff Minerals Issues 7.5 Million Unlisted Options
Oct 6, 2026
White Cliff Minerals Limited has notified the market of a new issue of unquoted equity securities, comprising 7.5 million unlisted options. These options are exercisable at $0.05 and will expire on 5 October 2029, forming part of the company’...
White Cliff Minerals Updates ASX Corporate Governance Disclosures
Sep 29, 2026
White Cliff Minerals Limited has lodged its updated corporate governance statement and accompanying Appendix 4G with the ASX for the financial year ended 30 June 2026. The statement is hosted on the company’s website and has been approved by...
White Cliff director converts performance rights into 35 million shares
Sep 25, 2026
White Cliff Minerals has reported a change in the interests of director Eric Sondergaard, following the conversion of vested Class E Performance Rights into 35,000,000 ordinary shares. As a result of this conversion, Sondergaard’s holding ha...
White Cliff Director Boosts Equity via Performance Rights Conversion
Sep 25, 2026
White Cliff Minerals has reported a change in director Troy Whittaker’s interests, following the conversion of vested Class E Performance Rights into 25 million ordinary shares. The transaction increases Whittaker’s indirect holding to...
White Cliff Minerals Converts Performance Rights as Rae Copper Project Grows
Sep 25, 2026
White Cliff Minerals has issued 66,000,000 ordinary shares through the conversion of an equivalent number of vested Class E Performance Rights, increasing its share capital without a formal prospectus disclosure. The company confirmed it is in com...
White Cliff Minerals Seeks ASX Quotation for 66 Million New Shares
Sep 25, 2026
White Cliff Minerals Limited has applied to the ASX for quotation of 66,000,000 ordinary fully paid shares, to be issued on September 25, 2026. The new securities, arising from the exercise or conversion of existing instruments, will expand the co...
White Cliff Minerals Restructures Director Incentives With Cancellation of Class L Rights
Sep 24, 2026
White Cliff Minerals has disclosed a change in director Eric Sondergaard’s interests in the company’s securities, noting the cancellation of 25 million Class L performance rights. Following the adjustment, Sondergaard still holds more ...
White Cliff Minerals Resets Director Incentives With Cancellation of Performance Rights
Sep 24, 2026
White Cliff Minerals has disclosed a change in director Troy Whittaker’s interests, with the cancellation of 25 million Class L performance rights held indirectly through family and superannuation entities. The move is linked to the implemen...
White Cliff Minerals Cancels 50 Million Performance Rights
Sep 24, 2026
White Cliff Minerals has cancelled 50 million performance rights identified under ASX code WCNAL, following an agreement between the company and the relevant holder. The cessation of these securities, effective 24 September 2026, reduces the compa...
White Cliff Extends High-Grade Copper Strike to 11.5km at Danvers
Sep 23, 2026
White Cliff Minerals has confirmed extensive copper mineralisation at its Rae Copper Project’s Danvers district, with drilling at Danvers 3 intersecting strong chalcocite-dominant sulphides from just 19 metres below surface and down to 280 m...
White Cliff Minerals Ties Executive Incentives to Copper Resource and Share Price Milestones
Sep 21, 2026
White Cliff Minerals has overhauled its executive long-term incentive plan following a review by its remuneration committee, introducing new short- and long-term metrics tied to resource development, continuous service and share price performance....
White Cliff flags major bornite-rich copper discovery at Rae’s Bornite Hills
Sep 20, 2026
White Cliff Minerals has reported a major copper discovery at the Bornite Hills prospect within its Rae Copper Project, where first-ever diamond drilling intersected more than 32 metres of bornite-dominant mineralisation and a separate 13.7-metre ...
White Cliff Sets AGM, Tightens Board Nomination Window as Major Copper Prospects Advance
Sep 20, 2026
White Cliff Minerals has scheduled its Annual General Meeting for 17 November 2026, with the re-election and appointment of directors to be considered, and has set 5:00 pm Perth time on 29 September 2026 as the deadline for director nomination sub...
White Cliff Minerals to Consolidate Shares and Options
Sep 16, 2026
White Cliff Minerals Limited has announced a security consolidation affecting its ordinary fully paid shares, multiple tranches of listed options, and performance rights, with the reorganisation to take effect in late October and new consolidated ...
White Cliff Minerals Sets October General Meeting, Moves to Digital Notices
Sep 16, 2026
White Cliff Minerals Limited has called a General Meeting of shareholders to be held in Perth on 19 October 2026 at 10:00 a.m. AWST. The company is shifting to electronic distribution of the Notice of Meeting, reflecting recent changes to the Corp...
White Cliff extends ultra high-grade Danvers copper zone with record assay
Sep 1, 2026
White Cliff Minerals has reported exceptional new drill results from its Danvers 3 discovery at the Rae Copper Project, with hole DAN26036 intersecting 23m at 6.18% copper and 13g/t silver, including 3.90m at 16.45% copper and a record peak assay ...
White Cliff Minerals Director Sara Kelly Increases Shareholding
Aug 6, 2026
White Cliff Minerals director Sara Kelly has increased her indirect shareholding in the company through an on-market purchase. Via TYF Holdings Pty Ltd as trustee for the TYF Investment Trust, she acquired 4,500,000 ordinary shares for $76,500, li...
White Cliff director Troy Whittaker increases indirect shareholding
Aug 6, 2026
White Cliff Minerals has reported a change in the indirect holdings of director Troy Whittaker, who increased his stake through associated entities via an on-market purchase. The transaction, valued at $25,000, added 1,470,588 ordinary shares, lif...
White Cliff Expands High-Grade Copper Footprint at Rae’s Danvers Prospect
Aug 4, 2026
White Cliff Minerals has reported new drilling results from the Danvers 3 area at its Rae Copper Project, confirming significant copper mineralisation and expanding the known high-grade strike length. Key holes include DAN26025, which returned 42 ...
White Cliff Minerals Tightens Insider Trading Controls for Key Management
Jul 31, 2026
White Cliff Minerals Limited operates in the mining and resources sector, with activities focused on exploration and development of mining tenements. The company’s directors, executives and senior employees are classified as key management p...
White Cliff Minerals Updates Investors on Material Copper Discovery
Jul 29, 2026
White Cliff Minerals Limited has released an investor presentation highlighting progress on a material copper discovery and its broader exploration strategy. The company underscores that all information is current as of 30 June 2026 and is intende...
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.