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Norwest Minerals Ltd.
(Sydney:NWM)
Norwest Minerals Ltd. (NWM) vs. iShares MSCI Australia ETF (EWA)
Norwest Minerals Ltd. Business Overview & Revenue Model
Norwest Minerals Ltd. Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 86.76K |
| Gross Profit | 0.00 | 0.00 | -2.54K | -7.71K | 55.97K |
| EBITDA | -1.36M | -1.04M | -1.29M | -1.47M | -1.66M |
| Net Income | -1.83M | -1.04M | -1.29M | -1.47M | -1.69M |
Balance Sheet | |||||
| Total Assets | 27.14M | 21.75M | 19.85M | 16.69M | 13.25M |
| Cash, Cash Equivalents and Short-Term Investments | 4.23M | 244.71K | 1.01M | 1.58M | 1.09M |
| Total Debt | 422.46K | 375.00K | 0.00 | 0.00 | 21.79K |
| Total Liabilities | 940.49K | 994.20K | 659.46K | 499.28K | 794.42K |
| Stockholders Equity | 26.20M | 20.76M | 19.19M | 16.19M | 12.46M |
Cash Flow | |||||
| Free Cash Flow | -2.76M | -3.20M | -4.62M | -4.20M | -2.98M |
| Operating Cash Flow | -823.53K | -998.55K | -949.99K | -851.12K | -643.74K |
| Investing Cash Flow | -2.15M | -2.22M | -3.67M | -3.35M | -2.12M |
| Financing Cash Flow | 6.96M | 2.45M | 4.05M | 4.68M | 2.33M |
Norwest Minerals Ltd. Technical Analysis
Norwest Minerals Ltd. Peers Comparison
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% | |
55 Neutral | AU$171.89M | 5.51 | 8.62% | ― | ― | ― | |
54 Neutral | AU$38.93M | -3.95 | -28.59% | ― | ― | -860.00% | |
52 Neutral | AU$27.60M | 3,453.45 | -45.51% | ― | ― | ― | |
48 Neutral | AU$15.14M | -2.78 | -7.82% | ― | ― | -28.57% | |
43 Neutral | AU$15.83M | -1.34 | -630.90% | ― | ― | 48.90% |
Norwest Minerals Ltd. Corporate Events
Norwest Minerals Limited has released its interim financial report for the half-year ended 31 December 2025, providing shareholders with an update on profit or loss, cash flows, and changes in equity. The document is designed to be read alongside the 30 June 2025 annual report and other market disclosures, underscoring the company’s ongoing compliance with continuous reporting obligations and offering stakeholders an interim view of its financial position and performance.
The interim report includes key financial statements, notes, and an independent auditor’s review, which together give investors structured insight into the company’s mid-year financial health. While detailed figures are not included in the release excerpt, the publication of this report signals Norwest Minerals’ adherence to regulatory standards and supports informed decision-making for shareholders and the broader market.
The most recent analyst rating on (AU:NWM) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Norwest Minerals Ltd. stock, see the AU:NWM Stock Forecast page.
Norwest Minerals has reported high-grade gold assay results from recent reverse circulation and diamond drilling at the Marymia East Gold Project, located less than 10 kilometres southeast of its Bulgera Gold Project in Western Australia. The latest program at the Shiraz prospect delivered a standout intersection of 3 metres at 7.93 grams per tonne gold from 48 metres, including 1 metre at 21.4 grams per tonne, reinforcing earlier shallow hits at both Shiraz and the nearby Chardoney prospect.
The company is evaluating Marymia East as a near-surface satellite feed source for the planned Bulgera heap leach operation, with extensive historical drilling confirming broad zones of shallow mineralisation across the area. These results, combined with a comprehensive review of 1990s exploration that identified a deeper source structure, underpin Norwest’s plans to establish maiden resources at Shiraz and Chardoney and come as an updated Bulgera mineral resource estimate is being finalised.
The most recent analyst rating on (AU:NWM) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Norwest Minerals Ltd. stock, see the AU:NWM Stock Forecast page.
Norwest Minerals has issued a cleansing notice confirming it will proceed with the issue of fully paid ordinary shares and/or options as outlined in an Appendix 2A lodged with the ASX on 20 January 2026. The company states that these securities are being issued without a prospectus under the Corporations Act’s disclosure exemptions, and affirms it has met all ongoing reporting obligations and has no undisclosed price-sensitive information, providing regulatory assurance to investors regarding the capital raising process.
The most recent analyst rating on (AU:NWM) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Norwest Minerals Ltd. stock, see the AU:NWM Stock Forecast page.
Norwest Minerals Limited has applied to the ASX for quotation of 51,402,000 new ordinary fully paid shares issued under its At the Market facility on 20 January 2026. The substantial new share issuance expands the company’s free float and access to equity capital, potentially strengthening its funding position for ongoing operations and exploration activities while diluting existing shareholders’ stakes.
The most recent analyst rating on (AU:NWM) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Norwest Minerals Ltd. stock, see the AU:NWM Stock Forecast page.
Norwest Minerals has entered into an At-The-Market Subscription Agreement with Dolphin Corporate Investments, securing access to up to $3 million in standby equity capital over three years via a flexible, low-cost facility that it can use entirely at its discretion. The structure allows Norwest to control the timing, volume and pricing floor of any share issues, imposes no obligation to draw on the facility or exclusivity on other capital-raising methods, and is designed to minimise dilution for existing shareholders, with security shares capable of being bought back upon early termination or maturity subject to approval. Management says the arrangement strengthens the company’s funding toolkit to support key activities such as the Bulgera heap leach study and ongoing operating costs, reinforcing its capacity to advance project development and potentially enhance shareholder value without committing to a traditional equity placement.
The most recent analyst rating on (AU:NWM) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Norwest Minerals Ltd. stock, see the AU:NWM Stock Forecast page.
Norwest Minerals reported its quarterly cash flow for the period ended 31 December 2025, showing no receipts from customers and a net operating cash outflow of A$216,000, largely driven by staff and corporate administration costs. The company invested A$1.008 million in exploration and evaluation during the quarter, bringing total exploration spend for the year to date to A$2.115 million and resulting in a net decrease in cash, with cash and equivalents falling from A$2.866 million at the beginning of the quarter, as the company continued to fund its exploration programs without new financing inflows or borrowings, underscoring its reliance on existing cash reserves to progress projects.
The most recent analyst rating on (AU:NWM) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Norwest Minerals Ltd. stock, see the AU:NWM Stock Forecast page.
Norwest Minerals reported an active December 2025 quarter marked by intensive drilling across its Western Australian gold portfolio and a strategic upgrade of its Dales Gossan silver-base metals discovery. At its flagship Bulgera Gold Project, the company completed a Phase 2 reverse circulation drilling campaign targeting down-dip extensions of existing mineralisation, alongside a large-diameter diamond program to generate metallurgical samples for heap leach amenability and recovery testing, with results to feed into an updated mineral resource estimate due in early 2026. Nearby at the Marymia East Gold Project, Norwest completed a five-hole RC program and a diamond core tail at the Shiraz prospect to follow up a high-grade historical intercept, with assays expected in early 2026, positioning the area as potential high-grade satellite feed for Bulgera. In the Arunta West Project, the company elevated the Dales Gossan silver-base metals prospect to high-priority status in response to sharply higher silver prices and secured high-resolution magnetic and radiometric data from a government-funded airborne survey, which will be used to map structures along the Sandman Fault and search for repeats of the Dales Gossan mineralised system. Collectively, these activities underline Norwest’s efforts to grow its resource base, de-risk a low-cost gold development at Bulgera, and capture upside from rising silver markets, which could strengthen its project pipeline and future development options.
The most recent analyst rating on (AU:NWM) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Norwest Minerals Ltd. stock, see the AU:NWM Stock Forecast page.
Norwest Minerals has confirmed the completion of the GSWA Aileron 2025 airborne magnetic and radiometric survey over its 1,400km² Arunta West project area, marking a significant milestone in its regional silver base-metals targeting strategy. The survey, which concluded on 15 December 2025, is now in the data processing and verification phase under specialist geophysical consultants, with final processed datasets expected to be released in the first quarter of 2026, after which Norwest plans further analysis and market updates. This high‑resolution geophysical work is expected to refine exploration targets around the Dales Gossan prospect, where earlier RC drilling intersected wide zones of silver, copper, and lead‑zinc mineralisation within a fault breccia associated with a potential VMS-style system that remains open at depth, underscoring the project’s growth potential for investors and other stakeholders.