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Norwest Minerals Ltd.
(Sydney:NWM)
Norwest Minerals Ltd. (NWM) vs. S&P 500 (SPY)
Norwest Minerals Ltd. Business Overview & Revenue Model
Norwest Minerals Ltd. Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 564.00 | 0.00 | 0.00 | 0.00 | 86.76K | 25.10K | Gross Profit |
| 564.00 | 0.00 | -2.54K | -7.71K | 55.97K | -18.70K | EBIT |
| -1.33M | -1.04M | -1.28M | -1.47M | -676.48K | -774.18K | EBITDA |
| -506.31K | -1.04M | -1.29M | -1.47M | -1.66M | -1.20M | Net Income Common Stockholders |
| -1.33M | -1.04M | -1.29M | -1.47M | -1.69M | -1.25M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 770.29K | 244.71K | 1.01M | 1.58M | 1.09M | 1.52M | Total Assets |
| 23.57M | 21.75M | 19.85M | 16.69M | 13.25M | 12.27M | Total Debt |
| 411.30K | 375.00K | 0.00 | 0.00 | 21.79K | 21.79K | Net Debt |
| -359.00K | 130.29K | -1.01M | -1.58M | -1.07M | -1.49M | Total Liabilities |
| 989.15K | 994.20K | 659.46K | 499.28K | 794.42K | 460.19K | Stockholders Equity |
| 22.58M | 20.76M | 19.19M | 16.19M | 12.46M | 11.81M |
| Cash Flow | Free Cash Flow | ||||
| -3.26M | -3.20M | -4.62M | -4.20M | -2.98M | -5.12M | Operating Cash Flow |
| -887.06K | -998.55K | -949.99K | -851.12K | -643.74K | -506.16K | Investing Cash Flow |
| -2.38M | -2.22M | -3.67M | -3.35M | -2.12M | -4.45M | Financing Cash Flow |
| 3.59M | 2.45M | 4.05M | 4.68M | 2.33M | 3.14M |
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 |
|---|---|---|---|---|---|---|---|
50 Neutral | $1.98B | -1.12 | -21.33% | 3.61% | 1.68% | -30.56% | |
47 Neutral | AU$36.41M | 1.67 | 17.20% | ― | ― | ― | |
43 Neutral | €111.75M | ― | ― | ― | ― | ||
42 Neutral | AU$11.64M | ― | -6.39% | ― | ― | -6.25% | |
38 Underperform | AU$16.52M | ― | -26.98% | ― | ― | -200.00% | |
32 Underperform | AU$17.70M | ― | -53.93% | ― | ― | -1133.33% |
Norwest Minerals Ltd. Corporate Events
Norwest Minerals Limited has announced a correction to a previous update regarding the issue price of an attaching security. The company has rectified the error and provided updated details about the proposed non-renounceable pro-rata issue of securities, which is part of their ongoing efforts to maintain transparency and compliance with ASX Listing Rules. This update is significant for stakeholders as it ensures accurate information is available for decision-making and reflects the company’s commitment to regulatory adherence.
Norwest Minerals Limited announced the granting of a mining lease for its Bulgera Gold Project, which covers 2,435 hectares, including a historical gold mining center. With the gold price exceeding A$5000 per ounce, Norwest is aggressively pursuing resource expansion through drilling and revising its resource model. The company also reported significant titanium findings at its West Arunta Project, indicating potential for further exploration. Additionally, Norwest launched a $4.85 million capital raising initiative to fund the Bulgera project’s resource expansion and mining option evaluations, highlighting the project’s increased economic potential due to the rising gold prices.
Norwest Minerals Ltd. has announced a proposed issue of 10 million securities in the form of three-year call options, each valued at $0.03. This strategic financial move is aimed at raising capital to support the company’s ongoing operations and potential expansion, potentially enhancing its market position and offering new opportunities for stakeholders.
Norwest Minerals Limited announced a proposed issue of securities, involving 485,119,510 call options and ordinary fully paid shares, as part of a standard non-renounceable pro rata issue. This move is expected to enhance the company’s capital structure and provide additional resources for its ongoing and future projects, potentially strengthening its market position and offering value to its stakeholders.
Norwest Minerals Limited has announced a non-renounceable entitlement offer to raise approximately $4.85 million. This offer allows eligible shareholders to purchase new shares at $0.01 each, with an accompanying option for each share. The funds raised are expected to support the company’s operations and strategic goals in the mining sector, potentially enhancing its market position and providing value to stakeholders.
Norwest Minerals Ltd. has announced a non-renounceable entitlement offer to raise $4.85 million, with $3 million underwritten, to fund exploration and development at its Bulgera Gold projects. The company plans to use the proceeds to analyze mining options and conduct a drilling campaign targeting significant increases in its current gold resource estimate. With the gold price having doubled since the last resource estimate, Norwest aims to exploit the economic potential of its mineralized waste stockpiles and newly granted mining lease, thereby enhancing its project economics and stakeholder value.
Norwest Minerals Limited has requested a trading halt on its securities pending an announcement regarding a capital raising. The halt will remain in place until the announcement is made or normal trading resumes on April 30, 2025, potentially impacting the company’s financial strategy and market position.
Norwest Minerals Limited has been granted Mining Lease 52/1085 for its Bulgera Gold Project, covering 2,435 hectares, including the historical Bulgera mining center. This development is significant as it positions the company to capitalize on the rising gold prices, which have doubled since the last resource estimate. The company is reviewing options to exploit this asset while deferring a proposed capital raising due to market volatility, ensuring all shareholders can participate in future opportunities.
Norwest Minerals Limited has released its interim financial report for the half-year ending December 31, 2024. The report is meant to be read in conjunction with the company’s annual report and any public announcements made during the interim period, in compliance with the Corporations Act 2001. This release provides insights into the company’s financial performance and position, which could influence its operations and stakeholder decisions.
Norwest Minerals Limited has achieved a significant milestone for its Bulgera Gold Project with the approval of the State Deed for Grant of Mining Tenement by the Marputu Aboriginal Corporation. This approval paves the way for the formal granting of the project’s mining lease by the Department of Energy, Mines, Industry Regulation and Safety. The company is committed to negotiating its Bulgera Mining Proposal with a focus on minimizing impacts on Aboriginal Cultural Heritage and protecting the rights of the Gingirana Native Title Holders. This development is expected to advance the project during a favorable period for gold prices, potentially benefiting all stakeholders.
Norwest Minerals Limited has signed an access agreement with Wharton Capital Limited, the pastoral lease holder of Marymia Station, to facilitate the development of its Bulgera Gold Project in Western Australia. This agreement marks a significant step forward in the project’s development, as it grants Norwest the necessary access to key Mining Act tenure. The company is also in advanced discussions with native title holders to further progress the project, highlighting its commitment to collaborating with stakeholders.
Norwest Minerals Ltd. has reported significant findings from its exploration activities at the West Arunta ‘Malibu’ Prospect, where reconnaissance drilling has intersected wide zones of titanium. The drilling results indicate the presence of thick layers of titanium-rich sediments, with potential for large-scale resource development. The company’s CEO, Charles Schaus, highlighted the strategic importance of these discoveries, as they involve minerals that are critical to the USA, suggesting that the Malibu and Dales prospects could become highly valuable assets for Norwest.