Great Western Exploration Limited (GTE) AI Stock Analysis

• Market Cap: AU$9.65M
• Dividend Yield: N/A
• Average Volume (3M): 812.35K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.31
• Revenue Growth: N/A
• EPS Growth: 34.57%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 567,757,930
• 10 Day Avg. Volume: 775,316
• 30 Day Avg. Volume: 812,349
• PEG Ratio: 0.02
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 30.56
• P/FCF Ratio: -1.29
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: AU$0.02 ▼(-5.00% Downside)

The score is primarily held back by weak fundamentals—ongoing losses and sustained cash burn—despite a debt-free balance sheet. Technicals are broadly neutral with slight positive momentum, while valuation is constrained by negative earnings and no dividend support.

Positive Factors

Debt-free balance sheet

A zero-debt capital structure with a meaningful equity base materially reduces solvency risk and preserves financial flexibility. For an exploration company this conservatism extends runway, lowers fixed financing costs and improves optionality for staged project spending or strategic funding.

Sharp revenue rebound

A large FY2025 revenue rebound signals operational or commercial progress versus prior years. If sustained, higher top-line momentum can support scale efficiencies, improve leverage to fixed exploration costs and form the basis for gradual margin recovery and reduced funding needs.

Exploration business optionality

The firm’s exploration-focused model provides structural upside: successful discoveries or positive drill results can rapidly re-rate prospects and unlock value. This asymmetric payoff is durable across commodity cycles and underpins long-term upside potential for shareholders.

Negative Factors

Persistent unprofitability

Chronic negative margins and operating losses indicate the core business has yet to reach sustainable profitability. Ongoing unprofitability erodes equity, limits reinvestment capacity and constrains strategic options, making long-term viability dependent on improving operations or external funding.

Consistent negative cash flow and rising burn

Repeated negative operating and free cash flow, including material FY2025 burn, creates an enduring funding requirement. Over time this increases reliance on equity or asset sales, raises dilution risk and compresses management’s ability to execute multi-year exploration programs without external capital.

Negative returns on equity

A roughly -43% ROE shows the company is destroying shareholder value rather than creating it. Persistently negative ROE undermines investor confidence, complicates capital raises and signals that current project execution or asset mix is failing to generate acceptable long-term returns.

Great Western Exploration Limited Business Overview & Revenue Model

Company Description

Great Western Exploration Limited, together with its subsidiaries, engages in the exploration of mineral properties in Australia. It operates through Mineral Exploration, and Finance and Administration segments. The company primarily explores for gold, copper, nickel, and base metals. It holds 100% interests in the Golden Corridor Project located in the Kalgoorlie Terrane; the Lake Way Potash Project; the Fairbairn Base Metal project; the Atley Gold Project located in the Youanmi district; the Copper Ridge and the Yerrida South Projects located within Yerrida Basin; and the Thunder Project located in the Yerrida Basin in Western Australia. Great Western Exploration Limited was incorporated in 2007 and is based in Perth, Australia.

How the Company Makes Money

Great Western Exploration Limited makes money through the exploration and potential development of mineral resources. The company generates revenue by identifying and proving up mineral deposits, which can then be sold, leased, or developed into mining operations. Key revenue streams include selling exploration rights to larger mining companies, entering into joint ventures or partnerships for resource development, and potentially transitioning into a producer if economically viable deposits are discovered. Significant partnerships with larger mining companies or investors can also contribute to their earnings by providing funding and resources needed for extensive exploration activities.

Great Western Exploration Limited Financial Statement Overview

Summary

Great Western Exploration Limited faces significant financial challenges with ongoing losses and negative cash flow. The income statement shows inconsistent revenue growth and negative margins. The balance sheet is strong with no debt, but the negative return on equity indicates inefficiencies. Cash flow statements highlight issues in generating cash from operations.

Income Statement

The company has shown inconsistent revenue growth, with a recent decline from 2023 to 2024. Net Income remains negative, indicating ongoing losses, and both the EBIT and EBITDA margins are negative, reflecting operational inefficiencies.

Balance Sheet

The company maintains a strong equity position with no debt, resulting in a favorable debt-to-equity ratio. However, the return on equity is negative due to sustained losses, indicating inefficiencies in generating returns from investments.

Cash Flow

The company has reported negative free cash flow and operating cash flow, indicating challenges in generating cash from operations. Free cash flow growth has been negative, and the ratios of cash flow to net income highlight operational difficulties.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	184.47K	184.47K	22.13K	30.03K	592.00	81.00K
Gross Profit	26.80K	184.47K	22.13K	16.33K	-9.56K	74.47K
EBITDA	-1.10M	-992.81K	-5.59M	-5.85M	-588.35K	-2.26M
Net Income	-5.73M	-5.73M	-5.61M	-5.86M	-598.50K	-2.26M
Balance Sheet
Total Assets	13.56M	13.56M	13.78M	15.65M	18.78M	15.98M
Cash, Cash Equivalents and Short-Term Investments	2.70M	2.70M	1.51M	3.02M	4.62M	5.22M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	357.40K	357.40K	986.66K	339.70K	447.00K	223.22K
Stockholders Equity	13.20M	13.20M	12.80M	15.31M	18.33M	15.76M
Cash Flow
Free Cash Flow	-2.74M	-4.37M	-4.42M	-4.13M	-3.57M	-2.50M
Operating Cash Flow	-653.30K	-653.30K	-947.22K	-604.10K	-558.82K	-606.45K
Investing Cash Flow	-3.75M	-3.75M	-3.38M	-3.62M	-3.28M	-1.89M
Financing Cash Flow	5.59M	5.59M	2.82M	2.62M	3.24M	7.59M

Great Western Exploration Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:GTE, the sentiment is Positive. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 52.16 is Neutral, neither overbought nor oversold. The STOCH value of 200.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:GTE.

Great Western Exploration Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GTE	48 Neutral	AU$9.65M	-1.38	-44.06%	―	―	34.57%
TEM	47 Neutral	AU$7.71M	-4.17	-13.93%	―	―	-41.18%
VAR	46 Neutral	AU$11.22M	-6.67	-9.11%	―	―	6.25%
IMI	44 Neutral	AU$5.75M	-0.27	-157.99%	―	―	57.55%
AON	43 Neutral	AU$8.36M	-1.82	-41.95%	―	―	-17.02%

Great Western Exploration Limited Corporate Events

Great Western Exploration Limited Successfully Passes AGM Resolutions

Great Western Exploration Limited announced that all resolutions proposed at its Annual General Meeting were successfully passed. This includes the adoption of the remuneration report, re-election of a director, and approval of a 7.1A mandate, indicating strong shareholder support and potentially positive implications for the company’s governance and strategic initiatives.

Great Western Exploration Identifies Promising Copper-Gold Targets

Great Western Exploration Limited has identified the potential core of a large VHMS copper-gold system at the Oval Copper-Gold Targets in Western Australia. A recent gravity survey has revealed a gravitational anomaly, suggesting the presence of high-density rocks indicative of sulphide mineralization. The company plans to conduct a diamond drill-hole to further explore this anomaly. Additionally, the company has defined six VHMS targets at the Juggernaut site and identified new copper-gold targets at Yerrida North, indicating a strong pipeline of exploration activities. These developments could enhance the company’s positioning in the copper-gold exploration sector, potentially impacting stakeholders positively by expanding resource potential.

Great Western Exploration Reports Cash Outflows in Latest Quarter

Great Western Exploration Limited’s quarterly cash flow report for the period ending 30 September 2025 indicates a net cash outflow from operating activities of $285,000, primarily due to administration and corporate costs. The company also reported a net cash outflow from investing activities of $553,000, largely attributed to exploration and evaluation expenses. These financial activities resulted in a decrease in cash and cash equivalents, impacting the company’s liquidity position.

Great Western Exploration Identifies New Copper-Gold Targets at Yerrida North

Great Western Exploration Limited has announced the identification of several new copper-gold target areas at its Yerrida North Project. These targets are believed to represent Volcanic Hosted Massive Sulphide (VHMS) mineralisation systems, similar to the nearby DeGrussa and Monty deposits. The company is conducting further fieldwork to define precise drilling locations, with drilling access approvals underway. This development could enhance Great Western’s position in the copper-gold mining sector, potentially leading to significant resource discoveries.

Great Western Exploration Limited Announces 2025 AGM

Great Western Exploration Limited has announced its Annual General Meeting scheduled for November 27, 2025, in Perth, Western Australia. The meeting will address several key resolutions, including the adoption of the remuneration report, the re-election of a director, and the approval of a mandate to issue additional equity securities. Shareholders are encouraged to participate as their votes are crucial, although some resolutions are advisory and non-binding.