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New World Resources Limited
(Sydney:NWC)
New World Resources Limited (NWC) vs. iShares MSCI Australia ETF (EWA)
New World Resources Limited Business Overview & Revenue Model
New World Resources Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 334.75K | 385.05K | 30.13K | 1.21K | 1.29K | 1.62K | Gross Profit |
| 334.75K | 385.05K | 19.90K | -10.73K | 1.29K | 1.62K | EBIT |
| -2.00M | -1.63M | -1.90M | -1.35M | -2.13M | -799.00K | EBITDA |
| -2.67M | -2.28M | -2.49M | -14.90M | -2.13M | 4.34M | Net Income Common Stockholders |
| -2.68M | -2.93M | -2.50M | -14.71M | -2.81M | -1.22M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 6.20M | 17.37M | 2.62M | 4.36M | 23.08M | 1.00M | Total Assets |
| 78.59M | 75.32M | 53.31M | 45.39M | 49.85M | 18.73M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -6.20M | -17.37M | -2.62M | -4.36M | -23.08M | -1.00M | Total Liabilities |
| 1.75M | 3.22M | 1.94M | 9.11M | 901.91K | 374.82K | Stockholders Equity |
| 76.84M | 72.10M | 51.37M | 36.28M | 48.95M | 18.36M |
| Cash Flow | Free Cash Flow | ||||
| -21.34M | -19.68M | -16.86M | -21.79M | -10.65M | -3.77M | Operating Cash Flow |
| -2.44M | -2.09M | -1.30M | -3.60M | -1.95M | -852.48K | Investing Cash Flow |
| -8.54M | -7.02M | -15.56M | -15.88M | -8.71M | -2.92M | Financing Cash Flow |
| 8.80M | 23.86M | 15.12M | 762.30K | 32.73M | 3.03M |
New World Resources Limited Technical Analysis
New World Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | €178.66M | ― | -4.15% | ― | ― | 28.57% | |
51 Neutral | $2.03B | -1.27 | -21.09% | 3.98% | 2.91% | -30.50% | |
| €353.31M | ― | -16.63% | ― | ― | ― | ||
| $9.83M | ― | -53.93% | ― | ― | ― | ||
75 Outperform | AU$1.77B | 21.26 | 35.27% | ― | 148.01% | ― | |
56 Neutral | AU$12.67M | 4.92 | 8.76% | ― | ― | ― | |
40 Underperform | AU$64.40M | ― | -51.66% | ― | ― | 59.92% |
New World Resources Limited Corporate Events
New World Resources Limited has announced a significant update to the Mineral Resource Estimate (MRE) for its Antler Copper Deposit in Arizona, marking a 25% increase in the resource to 14.2 million tonnes. This update enhances geological certainty and increases the contained metal, positioning the Antler Project as one of the highest-grade copper projects globally. The company is on track to complete its Definitive Feasibility Study by late 2025, with production anticipated to begin in 2027. This development strengthens New World’s position in the copper market, aligning with the growing demand for copper driven by the global energy transition.
New World Resources Limited has announced significant progress in the development of its Antler Copper Project in Arizona, highlighted by the receipt of a Determination of NEPA Adequacy for its Federal Permit Application. This milestone aligns with the company’s strategy to advance the project towards full permitting by early 2026. The U.S. government’s recent executive order to boost domestic critical mineral production, including copper, presents a favorable policy environment that could expedite project timelines and enhance economic viability. Additionally, New World successfully raised A$14 million through an institutional placement to fund the project’s progression, reflecting strong investor support and confidence in the company’s development strategy.
New World Resources Limited has announced a proposed issue of 4,000,000 unlisted performance rights, which will have a nil exercise price and expire three years from the issue date. This move is part of a placement or other type of issue, with the proposed issue date set for June 5, 2025. The announcement may have implications for the company’s operations and market positioning, as it involves issuing new securities, potentially affecting stakeholder interests.
New World Resources Limited has announced an update regarding its proposed issue of securities, with a new meeting date set for June 5, 2025, to approve the issuance. This update reflects a change from the previously announced date, indicating a strategic move to align with regulatory or stakeholder requirements, potentially impacting the company’s capital structure and market positioning.
New World Resources Limited has announced a General Meeting of Shareholders scheduled for June 5, 2025, in West Perth, Australia. The company encourages shareholders to submit proxy forms in advance and to monitor its website for any updates regarding the meeting. This meeting is a crucial event for shareholders to engage with the company’s management and discuss future strategic directions.
New World Resources Limited is preparing for near-term copper production in Arizona, which is expected to enhance its operational capabilities and market position. The company has a solid financial standing with A$19.4 million in cash, supporting its strategic initiatives and potentially benefiting stakeholders through increased production and market presence.
New World Resources Limited announced the issuance of 8,000,000 unlisted performance rights, which are set to expire on March 17, 2028. This move is part of an employee incentive scheme and indicates the company’s efforts to retain and motivate its workforce, potentially impacting its operational efficiency and market positioning.
New World Resources Limited has issued 8,000,000 unlisted performance rights to its Chief Financial Officer as part of its Long-Term Incentive Plan. These performance rights are designed to align the CFO’s interests with the company’s performance goals, with vesting conditions tied to continuous employment and specific share price targets, potentially impacting the company’s operational focus and stakeholder interests.
New World Resources Limited has announced key senior management appointments to advance the development of its Antler Copper Project in Arizona. Kyle Lindahl has been appointed as Chief Operating Officer, Warwick Amos as Chief Financial Officer, and Pat Siglin as Vice President of Exploration. These appointments are aimed at strengthening the company’s capabilities in project execution, financing, and exploration, positioning New World to deliver long-term value and establish the Antler Project as a significant copper source in the U.S.
New World Resources Limited has released its interim financial report for the period ending December 31, 2024. The report includes comprehensive financial statements and declarations, indicating the company’s current financial position and performance. This release is crucial for stakeholders to assess the company’s financial health and operational efficiency, providing insights into its market positioning and strategic direction.
New World Resources Limited has experienced a change in the interests of a substantial holder, as RCF Opportunities Fund II L.P. increased its voting power from 5.51% to 7.24% by purchasing an additional 100,000,000 fully paid ordinary shares. This increase in stake signifies a stronger influence of RCF Opportunities Fund II L.P. in the company’s decision-making process, potentially impacting the company’s strategic direction and operations.
New World Resources Limited has announced that United Super Pty Ltd has ceased to be a substantial holder in the company as of March 7, 2025. This change in substantial holding may impact the company’s shareholder dynamics and could influence its market position, as changes in substantial holders can affect voting power and strategic decisions within the company.
New World Resources Limited has announced the application for the quotation of 700,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX), which were issued as part of previously announced transactions. This move is expected to enhance the company’s capital base and potentially improve its market positioning by increasing liquidity and attracting more investors.
New World Resources Limited has completed an institutional placement of 700 million shares at $0.02 each, raising significant capital under its available capacity. Additionally, the company’s board and senior management plan to subscribe to a second tranche placement, pending shareholder approval, indicating strong internal support and potential growth opportunities.
New World Resources Limited announced the issuance of 2 million unlisted performance rights with a nil exercise price, set to expire on February 19, 2028. This issuance, part of an employee incentive scheme, is not intended to be listed on the ASX, signaling the company’s efforts to motivate and retain top talent, which could impact its operational effectiveness and competitive positioning.
New World Resources Limited announced the issuance of 2,000,000 unlisted performance rights to its US-based Environment & Community Manager as part of its Long-Term Incentive Plan. This move is designed to align the manager’s interests with the company’s goals, particularly in advancing the Antler Copper Project, and reflects the company’s commitment to rewarding key personnel for their contributions to achieving critical operational milestones.
New World Resources Limited has announced its participation in the RIU Explorers Conference, where its Managing Director & CEO, Nick Woolrych, will present. This participation underscores the company’s focus on near-term copper production in Arizona, which could potentially strengthen its market position and offer valuable insights to stakeholders.
New World Resources Limited has announced the quotation of 1,000,000 fully paid ordinary securities on the Australian Securities Exchange (ASX), dated for February 14, 2025. This strategic move reflects the company’s efforts to enhance its capital structure and market presence, potentially impacting stakeholder value and operational growth.
New World Resources Limited has achieved a significant milestone for its Antler Copper Project in Arizona, receiving the Determination of NEPA Adequacy from the Bureau of Land Management. This approval advances the project towards full federal permitting within 12 months, aligning with recent U.S. government policies to expedite critical mineral production. The company’s strategic approach includes sustainable mining practices and robust funding strategies, positioning New World for growth in the copper industry. The anticipated completion of state permits by early 2026 and the favorable regulatory environment highlight the project’s potential impact on stakeholders and reinforce its viability as a high-grade copper source.
New World Resources Limited has identified a gold-rich alteration zone at its Antler Copper Project in Arizona, outside the existing high-grade copper resource. This discovery, located near planned underground mining infrastructure, promises to enhance the project’s mineable inventory and economic returns. The ongoing geological review revealed significant gold mineralization associated with an intensely altered zone, which will be included in the resource update and the definitive feasibility study set to be completed in late 2025. The company is optimistic about this development, as it could unlock additional value and improve financing options as it advances towards production in 2027.