Want to see AU:WTM full AI Analyst Report?
Top Page
Battery Minerals Ltd.
(Sydney:WTM)
Select Model
Select Model
Rating:47Neutral
Price Target:
AU$0.77
â–²(17.12% Upside)
Action:Reiterated
Date:10/16/26
The score is held down primarily by weak financial performance—minimal revenue, ongoing losses, and sustained negative operating/free cash flow that implies continued reliance on external funding. Technicals are mixed with only modest positive momentum signals, and valuation support is limited due to a negative P/E and no dividend yield.
Positive Factors
Very Low Leverage
Negligible debt materially reduces solvency and refinancing pressure, giving Battery Minerals greater financial flexibility than a similarly loss-making company with significant leverage. This balance-sheet strength can help preserve strategic options while the business remains in development.
Negative Factors
Minimal Revenue Base
Minimal or absent revenue means the company has not yet demonstrated commercial traction or a recurring business engine. Without meaningful sales, future operations remain dependent on development progress and external funding rather than internally generated revenue that can support durable growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Negligible debt materially reduces solvency and refinancing pressure, giving Battery Minerals greater financial flexibility than a similarly loss-making company with significant leverage. This balance-sheet strength can help preserve strategic options while the business remains in development.
Read all positive factors
Battery Minerals Ltd. (WTM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$279.54M
Dividend YieldN/A
Average Volume (3M)1.83M
Price to Earnings (P/E)―
Beta (1Y)2.41
Revenue GrowthN/A
EPS Growth22.99%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.14
Shares Outstanding388,252,320
10 Day Avg. Volume1,857,048
30 Day Avg. Volume1,825,579
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)3.73
Price to Sales (P/S)0.00
P/FCF Ratio-10.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.50Price Target Upside127.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.06
Revenue Forecast (FY)N/A
Battery Minerals Ltd. Business Overview & Revenue Model
Company Description
Waratah Minerals Limited functions as a multifaceted enterprise primarily focused on the exploration for mineral resources, with a particular emphasis on discovering deposits of copper, gold, and nickel. The company possesses full ownership of the...
How the Company Makes Money
null...
Battery Minerals Ltd. Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 7.45K | 620.33K | 0.00 |
| Gross Profit | 0.00 | -104.94K | -44.56K | 7.45K | 370.33K | -153.59K |
| EBITDA | -32.57M | -17.36M | -20.32M | -4.11M | -4.65M | -4.75M |
| Net Income | -31.39M | -17.09M | -24.12M | -8.10M | 866.52K | -5.95M |
Balance Sheet | ||||||
| Total Assets | 66.58M | 35.93M | 10.50M | 24.46M | 23.52M | 20.84M |
| Cash, Cash Equivalents and Short-Term Investments | 57.71M | 28.63M | 4.23M | 3.73M | 693.08K | 3.91M |
| Total Debt | 311.59K | 39.23K | 87.90K | 0.00 | 12.25K | 195.79K |
| Total Liabilities | 6.76M | 1.85M | 612.32K | 373.64K | 451.14K | 2.04M |
| Stockholders Equity | 59.82M | 34.07M | 9.89M | 24.08M | 23.07M | 18.80M |
Cash Flow | ||||||
| Free Cash Flow | -24.39M | -12.58M | -4.96M | -3.50M | 955.12K | -5.80M |
| Operating Cash Flow | -23.11M | -12.12M | -4.87M | -3.50M | 987.74K | -5.73M |
| Investing Cash Flow | -1.59M | -548.05K | 16.33K | 1.56M | 214.73K | -207.36K |
| Financing Cash Flow | 74.87M | 37.06M | 7.80M | 2.51M | 1.78M | 2.51M |
Battery Minerals Ltd. Technical Analysis
Neutral
0.66
Price Trends
0.69
Positive
0.61
Positive
0.63
Positive
Market Momentum
0.01
Positive
49.57
Neutral
43.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WTM, the sentiment is Neutral. The current price of 0.66 is below the 20-day moving average (MA) of 0.75, below the 50-day MA of 0.69, and above the 200-day MA of 0.63, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 49.57 is Neutral, neither overbought nor oversold. The STOCH value of 43.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:WTM.
Battery Minerals Ltd. 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% | |
47 Neutral | AU$279.54M | -4.95 | -66.87% | ― | ― | 22.99% | |
45 Neutral | AU$91.74M | -42.86 | -4.69% | ― | ― | 57.27% | |
44 Neutral | AU$143.96M | -0.44 | -46.99% | ― | 234.01% | 8.57% | |
44 Neutral | AU$99.63M | -5.05 | -42.02% | ― | 89.07% | -4.10% | |
44 Neutral | AU$115.69M | -25.78 | -36.73% | ― | ― | 9.86% | |
44 Neutral | AU$67.75M | -4.02 | -94.93% | ― | ― | -1766.67% |
* Basic Materials Sector Average
AU:WTM
Battery Minerals Ltd.
0.72
0.02
2.86%
AU:SYR
Syrah Resources
0.06
-0.27
-81.21%
AU:EGR
EcoGraf
0.19
-0.44
-69.84%
AU:TLG
Talga Group
0.20
-0.27
-58.51%
AU:QGL
Quantum Graphite Ltd
0.33
-0.12
-26.67%
AU:OCN
Oceana Lithium Ltd.
0.27
0.13
92.86%
Battery Minerals Ltd. Corporate Events
Waratah Minerals Uncovers Broad Shallow Gold Zone at Goldenclad
Oct 19, 2026
Waratah Minerals has reported highly encouraging partial assay results from its first drill hole at the Goldenclad prospect, located about one kilometre along strike from the Consols Zone at the Spur Project in New South Wales. The hole GCD001 int...
Waratah Minerals Extends High-Grade Gold Footprint at Consols
Oct 13, 2026
Waratah Minerals has reported new drilling results from five extensional holes at the Consols Gold Zone that materially expand the known mineralisation. The latest assays show high-grade intersections and strong continuity across the central, east...
Waratah Minerals Drilling Strengthens Case for Larger Gold Corridor at Spur Project
Sep 28, 2026
Waratah Minerals has reported encouraging drilling results at its Spur Project in New South Wales, highlighting broad near-surface and deeper gold mineralisation along the Tywi Fault and beneath the historic Ironclad mine. The new data suggest the...
Waratah Minerals Hits Best-Ever Gold Intercept at Spur Discovery
Sep 21, 2026
Waratah Minerals has reported its best drill intercept to date at the Spur Gold Discovery in New South Wales, with hole SPD075 returning multiple high-grade gold zones and broad mineralised intervals. The results extend known mineralisation at the...
Waratah Minerals Reports Strong Gold Recoveries at Consols Zone
Sep 15, 2026
Waratah Minerals has reported strong initial geometallurgical test results from the Consols Zone at its Spur Project in New South Wales. Early-stage diagnostic leaching and gravity tests on core samples show high overall gold recoveries of 89% to ...
Waratah Minerals Raises Equity Through Option Exercise and Confirms Regulatory Compliance
Aug 31, 2026
Waratah Minerals Ltd, an ASX-listed minerals exploration and development company, funds its operations through fully paid ordinary shares in the Australian market. The company operates under established corporate governance and regulatory framewor...
Waratah Minerals seeks ASX quotation for 500,000 new shares
Aug 31, 2026
Waratah Minerals Limited has applied for the quotation of 500,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of August 31, 2026. The incremental listing of these securities modestly expands the company...
Waratah Minerals Extends Spur Gold Zone with Gum Flat Alluvial and Hardrock Finds
Aug 31, 2026
Waratah Minerals has reported sonic core drilling results from the Gum Flat area that identify hardrock and thick sequences of alluvial gold, significantly improving its geological understanding of the Spur Gold Project in New South Wales. The int...
Waratah Minerals Extends Consols Gold System and Uncovers New Shallow High-Grade Zone
Aug 25, 2026
Waratah Minerals has reported strong results from step-out and definition drilling at the Consols Zone within its Spur Project in New South Wales. A major hole, SPD074, has extended the known Consols mineralised system by about 75m to the east and...
Waratah Minerals Confirms 6km Gold Corridor at Spur Project
Aug 16, 2026
Waratah Minerals has reported strong new reverse circulation drilling results from the Alpine Gold Zone within its Spur Project in New South Wales, identifying a shallow high-grade gold structure. The company says these intercepts, together with r...
Battery Minerals Showcases Major New Gold Discovery and Aggressive Exploration Push
Aug 4, 2026
Battery Minerals Ltd. is highlighting a major new gold discovery at its Spur Project in New South Wales, which it believes is evolving into a district-scale gold system with potential for several million ounces. Alongside its Stavely-Stawell gold-...
Waratah Minerals Confirms 6km Gold Corridor at Cargo Intrusive Complex
Aug 3, 2026
Waratah Minerals has reported new reverse circulation drilling results from the Alpine and Gazzards prospects in the northern Cargo Intrusive Complex, confirming a continuous six-kilometre mineralised gold corridor linking these zones with the Spu...
Waratah Minerals consolidates Spur Gold District as drilling ramps up
Jul 30, 2026
Waratah Minerals reported strong progress at its Spur Gold Project in New South Wales during the June quarter, advancing an 80,000-metre drilling program with an expanded fleet of 12 rigs. The company’s work focuses on defining shallow miner...
Battery Minerals Flags Major Gold Find at NSW Spur Project
Jul 21, 2026
Battery Minerals Ltd., trading as ASX:WTM, is a resources company focused on gold and copper exploration in Australia, particularly through its Spur Project in New South Wales and Stavely–Stawell Project in Victoria. The business strategy ce...
Waratah Minerals Extends Shallow High‑Grade Gold at Spur Project
Jul 21, 2026
Waratah Minerals has reported further drilling results from its 80,000m program at the Spur Gold Zone in New South Wales, confirming multiple shallow, high‑grade gold intersections. The latest holes demonstrate consistent mineralisation with...
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.