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Great Western Exploration Limited
(Sydney:GTE)
Great Western Exploration Limited (GTE) vs. iShares MSCI Australia ETF (EWA)
Great Western Exploration Limited Business Overview & Revenue Model
Great Western Exploration Limited Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.13K | 30.03K | 592.00 | 81.00K | 18.47K |
| Gross Profit | 22.13K | 16.33K | -9.56K | 74.47K | 851.00 |
| EBITDA | -1.29M | -5.85M | -588.35K | -2.26M | -1.79M |
| Net Income | -5.61M | -5.86M | -598.50K | -2.26M | -1.81M |
Balance Sheet | |||||
| Total Assets | 13.78M | 15.65M | 18.78M | 15.98M | 9.72M |
| Cash, Cash Equivalents and Short-Term Investments | 1.51M | 3.02M | 4.62M | 5.22M | 133.40K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 986.66K | 339.70K | 447.00K | 223.22K | 294.91K |
| Stockholders Equity | 12.80M | 15.31M | 18.33M | 15.76M | 9.43M |
Cash Flow | |||||
| Free Cash Flow | -4.42M | -4.13M | -3.57M | -2.50M | -1.46M |
| Operating Cash Flow | -947.22K | -604.10K | -558.82K | -606.45K | -530.25K |
| Investing Cash Flow | -3.38M | -3.62M | -3.28M | -1.89M | -462.63K |
| Financing Cash Flow | 2.82M | 2.62M | 3.24M | 7.59M | 111.44K |
Great Western Exploration Limited Technical Analysis
Great Western Exploration Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $32.96M | ― | -20.67% | ― | ― | 4.00% | |
46 Neutral | $76.30M | ― | -6.55% | ― | ― | -50.00% | |
46 Neutral | €207.32M | ― | -14.81% | ― | ― | -150.58% | |
44 Neutral | AU$1.42B | -6.06 | -40.74% | 3.89% | -3.45% | -41.76% | |
43 Neutral | AU$6.81M | ― | -64.90% | ― | ― | 31.29% | |
37 Underperform | AU$71.06M | ― | -36.70% | ― | ― | -320.07% | |
28 Underperform | AU$2.37M | ― | -18.61% | ― | ― | -336.36% |
Great Western Exploration Limited Corporate Events
Great Western Exploration Limited reported its quarterly cash flow, highlighting a net cash outflow from operating activities of $144,000 and a significant investment in exploration and evaluation activities amounting to $825,000. The company also recorded a net cash inflow from financing activities of $5,592,000, primarily due to proceeds from equity securities, which bolsters its financial position for ongoing and future exploration projects.
Great Western Exploration Limited has completed two major drill programs in the March 2025 quarter, focusing on the Oval and Oval South Copper-Gold Targets and the Sumo Niobium Target. The company reported promising results from the Oval targets, indicating potential for a large Volcanic Hosted Massive Sulphide (VHMS) mineralization system. Additionally, the Sumo Niobium Target showed significant niobium anomalism, with further geological interpretation pending assay results. The company also completed the sale of its non-core Yandal West Gold Project to Albion Resources, enhancing its focus on core projects.
Great Western Exploration Limited has completed its maiden drilling program at the Sumo Niobium Target within the Yerrida North Project in Western Australia. The drilling aimed to explore a significant niobium soil anomaly and targeted potential secondary niobium enrichment mineralisation. The program consisted of fifteen drill holes over 992 meters, with results expected in June 2025. This development could enhance the company’s position in the niobium market and potentially impact stakeholders by revealing valuable mineral deposits.
Great Western Exploration has commenced drilling at its Sumo Niobium Target within the Yerrida North Project in Western Australia. The Sumo target is a significant niobium soil anomaly, and the drilling aims to test its potential for niobium enrichment. This development is part of the company’s strategy to capitalize on the growing demand for niobium, a critical mineral listed by the Australian Government, largely sourced from Brazil. The drilling results, expected in late April or early May 2025, will guide further exploration efforts and potentially enhance Great Western’s positioning in the critical minerals market.
Great Western Exploration Limited has announced promising preliminary results from its latest drilling at the Oval Copper-Gold Target in Western Australia, indicating the potential presence of a large Volcanic Hosted Massive Sulphide (VHMS) system. The findings suggest proximity to a metal-rich central zone, prompting plans for follow-up drilling. The company’s strong financial position supports continued exploration efforts, including upcoming projects at the Sumo Niobium and Juggernaut Copper-Gold Targets.
Great Western Exploration Limited has announced promising results from its latest drilling at the Oval Copper-Gold Target in Western Australia, indicating a potentially large Volcanic Hosted Massive Sulphide (VHMS) system. The drilling intersected a significant sedimentary-volcanic unit, suggesting proximity to a metal-rich zone, with further assays expected in April-May 2025. The company plans follow-up drilling and is well-funded for continued exploration, which could enhance its position in the mining sector.
Great Western Exploration Limited announced the issuance of 750,000 ESOP options, set to expire on September 12, 2028, as part of an employee incentive scheme. This move reflects the company’s strategy to motivate and retain talent, potentially impacting its operational efficiency and market competitiveness.
Great Western Exploration Limited has announced the resumption of drilling at its Oval Copper-Gold Project in Western Australia to test a promising off-hole conductor. This conductor, located just 50 meters below a previous drill hole, is interpreted to have high potential for massive sulphide accumulation, similar to the DeGrussa Copper-Gold Deposit. The company’s strong cash position supports its exploration efforts, which could significantly impact its operations and industry positioning by potentially uncovering a major mineralization system.
Great Western Exploration has announced promising results from its initial diamond drilling at the Oval Copper-Gold Target within the Yerrida North Project. The down-hole electromagnetic survey and assays have identified two strong conductors with high potential for massive sulphide accumulation, suggesting a significant copper-gold mineralization system. Despite the absence of standout copper-gold assay results, the presence of pathfinder elements indicates proximity to a major mineralization system. The company’s strategic location on the Ida Fault enhances the prospects for developing a large deposit, and plans are in place to continue drilling once access is restored following recent cyclonic activity. With a solid cash position, Great Western is well-prepared to advance its exploration efforts.