Western Mines Group Ltd AI Stock Analysis
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Western Mines Group Ltd (WMG) AI Stock Analysis
Western Mines Group Ltd
(ASX:WMG)
The overall stock score is driven primarily by very weak current fundamentals—no meaningful revenue, growing losses, and ongoing cash burn—combined with a technically weak, downtrending and oversold share price, while a strong, debt-light balance sheet and typical early-stage valuation profile provide some support but do not yet offset the operational and market risks.
Western Mines Group Ltd (WMG) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 15.64M
- Dividend Yield
- ―
- Average Volume (3M)
- 90.02K
- Price to Earnings (P/E)
- -3.7
- Beta (1Y)
- 1.25
- Revenue Growth
- ―
- EPS Growth
- -36.53%
- Country
- Australia
- Employees
- 7
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Gold
Western Mines Group Ltd Business Overview & Revenue Model
Company Description
Founded in 2020 and based in West Perth, Australia, Western Mines Group Ltd is a mineral exploration firm dedicated to identifying and advancing mineral properties throughout Australia. The company's exploration efforts primarily target nickel, coppe...
Western Mines Group Ltd Financial Statement Overview
Summary
Financial performance is weak overall, with effectively no revenue, growing operating and net losses, and persistently negative, volatile operating and free cash flows, partially offset by a relatively strong, largely debt-free balance sheet funded by rising shareholders’ equity.
Income Statement
18Very NegativeBalance Sheet
72PositiveCash Flow
27Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 10.37K | 0 | 47.26K | 0 |
| Gross Profit | -32.27K | 0 | 10.37K | -49.37K | 38.42K | -1,598 |
| EBITDA | -3.26M | -3.26M | -1.22M | -1.33M | -1.09M | -1.27M |
| Net Income | -3.46M | -3.46M | -1.73M | -1.38M | -1.05M | -1.07M |
Balance Sheet | ||||||
| Total Assets | 15.61M | 15.61M | 12.20M | 11.74M | 8.92M | 6.03M |
| Cash, Cash Equivalents and Short-Term Investments | 1.58M | 1.58M | 1.56M | 2.13M | 3.27M | 3.68M |
| Total Debt | 58.02K | 58.02K | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.70M | 1.70M | 251.75K | 2.09M | 852.95K | 833.97K |
| Stockholders Equity | 13.90M | 13.90M | 11.95M | 9.65M | 8.06M | 5.20M |
Cash Flow | ||||||
| Free Cash Flow | -2.74M | -3.80M | -3.37M | -5.45M | -4.08M | -1.96M |
| Operating Cash Flow | -1.28M | -1.28M | -1.15M | -971.00K | -839.05K | -891.20K |
| Investing Cash Flow | -2.17M | -2.17M | -1.82M | -4.08M | -3.24M | -869.62K |
| Financing Cash Flow | 3.46M | 3.46M | 2.41M | 3.90M | 3.67M | 5.11M |
Western Mines Group Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WMG, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.13, below the 50-day MA of 0.14, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 41.66 is Neutral, neither overbought nor oversold. The STOCH value of 0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WMG.
Western Mines Group Ltd Peers Comparison
Overall Rating
AU:MVL49Neutral- AU:WMG44Neutral
AU:GMN43Neutral
AU:PRX42Neutral
AU:OZM40Underperform
AU:KNB39Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| AU:MVL | 49Neutral | AUD 17.40M | -10.91 | -50.22% | ― | ― | 53.85% |
| AU:WMG | 44Neutral | AUD 16.30M | -3.69 | -24.14% | ― | ― | -36.53% |
| AU:GMN | 43Neutral | AUD 12.79M | -1.18 | -48.04% | ― | ― | 60.56% |
| AU:PRX | 42Neutral | AUD 23.77M | -3.56 | -58.95% | ― | ― | 40.91% |
| AU:OZM | 40Underperform | AUD 20.02M | -5.55 | -95.83% | ― | ― | -3.28% |
| AU:KNB | 39Underperform | AUD 22.20M | -4.38 | -31.63% | ― | ― | -58.33% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:WMG | Western Mines Group Ltd | 0.12 | -0.11 | -47.83% | |
| AU:PRX | Prodigy Gold NL | 0.05 | -0.02 | -27.69% | |
| AU:OZM | OzAurum Resources Ltd. | 0.07 | 0.01 | 16.67% | |
| AU:KNB | Koonenberry Gold Limited | 0.02 | -0.02 | -47.50% | |
| AU:GMN | Gold Mountain Limited | 0.04 | -0.02 | -36.36% | |
| AU:MVL | Marvel Gold Ltd. | 0.01 | -0.00 | -25.00% |
Western Mines Group Ltd Corporate Events
Western Mines boosts Mulga Tank nickel resource and secures new cornerstone investor
Western Mines Group reported Phase 5 drilling assays from its Mulga Tank project, confirming broad zones of nickel sulphide mineralisation with coincident cobalt, copper and PGE anomalies across 19 RC holes and a deep diamond tail. Several holes retu...
Western Mines Group Showcases Mulga Tank Nickel Sulphide Discovery at IMARC
Western Mines Group has released a company presentation centred on its Mulga Tank nickel sulphide discovery for the IMARC Sydney conference in October 2026. The presentation highlights the project’s exploration results and mineral resource estimate p...
Western Mines Group Options Expire Without Exercise
Western Mines Group Ltd has announced the cessation of 400,000 options, listed under the ASX code WMGAR, following their expiry on October 25, 2026 without being exercised or converted. The move slightly reduces the company’s potential future share d...
Western Mines lifts Mulga Tank nickel resource to over 7Mt contained metal
Western Mines Group has announced a major upgrade to the mineral resource estimate for shallow disseminated nickel sulphide mineralisation at its Mulga Tank project in Western Australia, incorporating 32 additional drill holes from recent programs. T...
Western Mines Group Sets November AGM, Urges Proxy Voting
Western Mines Group Ltd has scheduled its Annual General Meeting of shareholders for 18 November 2026 in Subiaco, Western Australia, and will provide both in-person and online access. The company will distribute the notice of meeting electronically b...
Western Mines Moves AGM Materials to Digital-First Format
Western Mines Group Ltd has called its Annual General Meeting for 18 November 2026 in Subiaco, Western Australia, and will hold the session in person for its shareholders. The agenda materials, including the notice, explanatory statement and related...
Western Mines Group Confirms Broad Nickel Sulphide Zones at Mulga Tank
Western Mines Group has reported final geochemical assay results from seven reverse circulation holes in its Phase 5 drilling program at the Mulga Tank nickel-cobalt-copper-PGE project in Western Australia. The company says all holes intersected broa...
Western Mines Files Updated Corporate Governance Statement and Appendix 4G
Western Mines Group has lodged its updated corporate governance statement for the year ended 30 June 2026, confirming that it complies with ASX Listing Rule requirements by publishing the statement on its website. The company has also submitted a com...
Western Mines Group Sets Out Corporate Structure in 2026 Annual Report
Western Mines Group Ltd, an ASX-listed minerals exploration company based in Subiaco, Western Australia, has outlined its current corporate structure and governance arrangements in its annual report for the year ended 30 June 2026. The company is led...
Western Mines Group Sets 2026 AGM Date and Director Nomination Deadline
Western Mines Group Ltd has scheduled its Annual General Meeting for Wednesday, 18 November 2026, where shareholders will have the opportunity to elect directors to the board. The company has set 5 pm Perth time on 30 September 2026 as the deadline f...
Western Mines Tightens Nickel Targeting with Uplifted Basal Zone at Mulga Tank
Western Mines Group reported new geochemical assay results from a diamond tail on hole MTRC001 and reverse circulation holes MTRC083 to MTRC087 at its Mulga Tank Project in Western Australia. The drilling, located on the western margin of the Mulga T...
Western Mines Group Reports Robust Phase 5 Nickel Sulphide Assays at Mulga Tank
Western Mines Group has reported the first Phase 5 reverse circulation assay results from four holes at its Mulga Tank nickel project, all showing broad zones of nickel sulphide mineralisation with coincident copper and platinum group element anomali...
Western Mines Group Seeks ASX Quotation for 10.4 Million New Shares
Western Mines Group Ltd has applied for quotation on the ASX of 10,435,578 new ordinary fully paid shares under code WMG, with an issue date of 6 August 2026. The additional securities, issued as part of a previously announced transaction, will expan...
Western Mines Group Seeks ASX Quotation for 6.1 Million New Shares
Western Mines Group Ltd has applied for quotation of 6,134,969 newly issued ordinary fully paid shares on the ASX. The securities, issued under a previously announced transaction, expand the company’s listed share capital and may enhance liquidity fo...
Western Mines Raises A$2.7m to Advance Mulga Tank Exploration
Western Mines Group has completed the issue of 16,570,547 fully paid ordinary shares at $0.163 each, raising about A$2.7 million via a placement to institutional and sophisticated investors, with a further 200,000 shares to be issued following a shar...
Western Mines Group Showcases Mulga Tank Nickel Discovery at Diggers and Dealers
Western Mines Group has released a company presentation highlighting the Mulga Tank nickel sulphide discovery in connection with the Diggers and Dealers conference scheduled for early August 2026. The materials emphasise that the information is gener...
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.
Date of analysis: Oct 09, 2026