GWR Group Posts Strong Cash Position and Advances Prospect Ridge Magnesite Project

GWR Group Limited ( (AU:GWR) ) has provided an announcement.

GWR Group reported a strong financial position at 31 March 2026, with $86 million in cash and investments, including $32.9 million in cash, $4 million in term deposits and a $48.8 million strategic holding in Tungsten Mining NL. The company’s cornerstones and royalties reinforce a capital-light exposure to critical and bulk commodities, underpinning its ability to pursue new project opportunities.

Operationally, GWR advanced its 70%-owned Prospect Ridge Magnesite Project in northwest Tasmania, where the Arthur River deposit hosts one of Australia’s largest magnesite inventories with an inferred resource of 25.1 million tonnes at 42.4% MgO. An extension to the Prospect Ridge exploration licence and participation in a government-backed research program support ongoing technical work and potential development pathways.

In tungsten, GWR’s investment is leveraged to the Watershed Project, which is undergoing an economic evaluation to accelerate development in response to stronger tungsten prices. The company is also progressing its royalty interests over iron ore at Wiluna West and gold at the Gold Duke Project, while continuing engagement with Gold Valley and the Western Australian Government to complete the transfer of Wiluna tenements, which could clarify future royalty flows.

More about GWR Group Limited

GWR Group Limited is an independent Australian resources company focused on creating shareholder value through high-quality mineral exploration and development. Its diversified portfolio spans magnesite, tungsten and iron ore and gold royalties, with interests held directly, via joint ventures and through cornerstone stakes in other ASX-listed entities.

Average Trading Volume: 379,005

Technical Sentiment Signal: Buy

Current Market Cap: A$43.94M

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