Norwest Minerals Ltd. (AU:NWM)
ASX:NWM
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Norwest Minerals Ltd.
(Sydney:NWM)
Select Model
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Rating:48Neutral
Price Target:
AU$0.01
▲(20.00% Upside)
Action:ReiteratedDate:03/13/26
The score is held down primarily by weak financial performance (pre-revenue status, widening losses, and sustained cash burn despite a low-debt balance sheet). Technical indicators are moderately supportive (positive MACD and mid-range RSI), but valuation is not compelling because the negative P/E reflects ongoing losses and there is no dividend support.
Positive Factors
Low leverage / large equity base
Very low reported debt relative to equity provides durable financial flexibility for an exploration company. With modest liabilities the firm can fund near-term programs via equity or minor debt without heavy solvency risk, lengthening runway versus highly leveraged peers.
Negative Factors
Pre-revenue business model
Zero reported revenue for multiple years means the business lacks operating revenue and is unproven commercially. Long-term viability depends on successful resource conversion or asset sales; until then the company remains dependent on external funding rather than internal cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / large equity base
Very low reported debt relative to equity provides durable financial flexibility for an exploration company. With modest liabilities the firm can fund near-term programs via equity or minor debt without heavy solvency risk, lengthening runway versus highly leveraged peers.
Read all positive factors
Norwest Minerals Ltd. (NWM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$12.98M
Dividend YieldN/A
Average Volume (3M)3.18M
Price to Earnings (P/E)―
Beta (1Y)1.36
Revenue GrowthN/A
EPS Growth41.18%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,081,508,900
10 Day Avg. Volume3,909,051
30 Day Avg. Volume3,177,120
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)0.19
Price to Sales (P/S)0.00
P/FCF Ratio-1.85
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Norwest Minerals Ltd. Business Overview & Revenue Model
Company Description
Norwest Minerals Limited engages in the mineral exploration business in Australia. The company explores for gold, copper, nickel, rare earth elements, and lithium deposits. It holds a 100% interest in the Bulgera gold project covering an area of 3...
How the Company Makes Money
null...
Norwest Minerals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| 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
Negative
0.01
Price Trends
0.02
Negative
0.01
Negative
0.01
Negative
Market Momentum
>-0.01
Negative
42.63
Neutral
-100.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NWM, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.02, and below the 200-day MA of 0.01, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.63 is Neutral, neither overbought nor oversold. The STOCH value of -100.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NWM.
Norwest Minerals Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
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$167.24M | -21.30 | -3.54% | ― | -100.00% | -144.44% | |
49 Neutral | AU$24.30M | 2.84 | 36.53% | ― | ― | ― | |
48 Neutral | AU$12.98M | -4.44 | -6.21% | ― | ― | 41.18% | |
47 Neutral | AU$30.59M | 0.22 | 124.08% | ― | ― | ― | |
46 Neutral | AU$15.83M | -1.34 | -202.96% | ― | ― | 41.01% |
* Basic Materials Sector Average
AU:NWM
Norwest Minerals Ltd.
0.01
<0.01
20.00%
AU:GML
Gateway Mining Limited
0.07
0.04
133.33%
AU:ZAG
Zuleika Gold Limited
0.03
0.02
166.67%
AU:SNG
Siren Gold Ltd
0.08
0.03
46.43%
AU:FG1
Flynn Gold Ltd.
0.02
<0.01
21.05%
Norwest Minerals Ltd. Corporate Events
Norwest lifts Bulgera gold resource 74% and secures flexible funding
Apr 24, 2026
Norwest Minerals reported a 74% increase in the Mineral Resource at its Bulgera Gold Project to 501,000 ounces of gold, underpinned by deeper reverse circulation drilling and a lower cut-off grade aligned with Australian heap leach benchmarks. The...
Norwest Minerals Lifts Bulgera Gold Resource 74% and Advances Heap-Leach Studies
Mar 25, 2026
Norwest Minerals has announced a major upgrade to the Mineral Resource Estimate at its Bulgera Gold Project, increasing total resources by 74% to 23.8 million tonnes at 0.65 grams per tonne for 501,000 ounces of gold. The increase reflects integra...
Norwest Minerals Issues Interim Financial Report for Half-Year 2025
Mar 13, 2026
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 ...
Norwest Minerals hits high-grade near-surface gold at Marymia East
Feb 25, 2026
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 late...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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