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WA1 Resources Ltd
(Sydney:WA1)
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Rating:45Neutral
Price Target:
AU$11.00
▼(-23.88% Downside)
Action:Reiterated
Date:03/17/26
The score is held back mainly by weak financial performance metrics typical of an early-stage explorer (no meaningful recent revenue, widening losses, and sharply worse free cash flow) and bearish technicals (price below all key moving averages and negative MACD). A strong, low-debt balance sheet provides meaningful support but does not offset the current cash burn and downtrend.
Positive Factors
Balance sheet strength
Very low leverage and a large equity base provide durable funding capacity for exploration cycles. This reduces refinancing pressure, supports multi-stage project work programs, and gives management flexibility to pursue extensions, JV negotiations or staged development without immediate reliance on debt markets.
Negative Factors
Pre-revenue profile
Lack of recurring operating revenue is a structural constraint: until a project advances to production or is monetized, the business depends on external funding. This limits internal cash generation, makes returns on capital negative, and extends the timeline to durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and a large equity base provide durable funding capacity for exploration cycles. This reduces refinancing pressure, supports multi-stage project work programs, and gives management flexibility to pursue extensions, JV negotiations or staged development without immediate reliance on debt markets.
Read all positive factors
WA1 Resources Ltd (WA1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$951.58M
Dividend YieldN/A
Average Volume (3M)192.57K
Price to Earnings (P/E)―
Beta (1Y)1.60
Revenue GrowthN/A
EPS Growth-47.24%
CountryAU
Employees26
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)-0.06
Shares Outstanding74,284,380
10 Day Avg. Volume227,729
30 Day Avg. Volume192,573
Financial Highlights & Ratios
PEG Ratio-11.95
Price to Book (P/B)8.38
Price to Sales (P/S)0.00
P/FCF Ratio-33.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$30.60Price Target Upside111.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.13
Revenue Forecast (FY)N/A
WA1 Resources Ltd Business Overview & Revenue Model
Company Description
WA1 Resources Ltd specializes in mineral exploration, concentrating its efforts on ventures situated in Western Australia. The company actively seeks out deposits containing iron oxide, copper, and gold. Its primary undertaking is the wholly-owned...
How the Company Makes Money
WA1 Resources Ltd does not have publicly disclosed recurring operating revenue from selling products or services typical of a mature mining company; instead, it is primarily an exploration-stage company whose cash inflows are generally sourced fro...
WA1 Resources Ltd Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 261.12K | 0.00 | 0.00 |
| Gross Profit | -118.55K | -122.21K | -44.06K | 230.57K | 0.00 | 0.00 |
| EBITDA | -4.21M | -6.99M | -3.50M | -2.19M | -622.59K | 49.85K |
| Net Income | -7.15M | -4.80M | -3.54M | -2.22M | -622.59K | -49.85K |
Balance Sheet | ||||||
| Total Assets | 224.99M | 130.26M | 75.47M | 24.80M | 4.69M | 628.38K |
| Cash, Cash Equivalents and Short-Term Investments | 138.53M | 72.80M | 46.94M | 17.00M | 3.68M | 206.15K |
| Total Debt | 1.19M | 17.28K | 0.00 | 43.78K | 0.00 | 0.00 |
| Total Liabilities | 5.67M | 4.32M | 3.46M | 2.23M | 131.69K | 234.23K |
| Stockholders Equity | 219.32M | 125.94M | 72.01M | 22.56M | 4.56M | 394.15K |
Cash Flow | ||||||
| Free Cash Flow | -34.48M | -31.45M | -2.22M | -5.62M | -729.48K | -39.21K |
| Operating Cash Flow | -2.39M | -2.05M | -2.22M | -1.08M | -729.48K | -19.91K |
| Investing Cash Flow | -22.00M | -29.39M | -18.03M | -6.68M | -531.66K | -67.94K |
| Financing Cash Flow | 36.78M | 57.31M | 52.19M | 19.08M | 4.73M | 294.00K |
WA1 Resources Ltd Technical Analysis
Neutral
14.45
Price Trends
13.84
Negative
14.44
Negative
16.19
Negative
Market Momentum
-0.59
Positive
45.10
Neutral
35.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WA1, the sentiment is Neutral. The current price of 14.45 is above the 20-day moving average (MA) of 12.45, above the 50-day MA of 13.84, and below the 200-day MA of 16.19, indicating a bearish trend. The MACD of -0.59 indicates Positive momentum. The RSI at 45.10 is Neutral, neither overbought nor oversold. The STOCH value of 35.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:WA1.
WA1 Resources Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$8.69B | 43.25 | 7.70% | ― | 19.97% | 60.66% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$201.52M | 40.71 | 0.12% | ― | 49.14% | ― | |
51 Neutral | AU$245.68M | -7.24 | -14.19% | ― | ― | 78.60% | |
50 Neutral | AU$388.14M | -36.24 | -3.91% | ― | ― | 17.44% | |
45 Neutral | AU$951.58M | -202.11 | -4.14% | ― | ― | -47.24% | |
44 Neutral | AU$131.31M | -10.70 | -242.58% | ― | ― | -79.69% |
* Basic Materials Sector Average
AU:WA1
WA1 Resources Ltd
12.81
-3.49
-21.41%
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58.06%
WA1 Resources Ltd Corporate Events
WA1 boosts Luni niobium credentials with strong beneficiation results
Jun 21, 2026
WA1 Resources has reported strong results from metallurgical beneficiation testwork at its Luni Niobium Project in Western Australia, reinforcing confidence in a two-stage flotation regime to process the deposit. Scaled-up testing across four comp...
State Street Group Exits Substantial Holding in WA1 Resources
May 11, 2026
State Street Corporation, through several asset management and trust subsidiaries, has filed a notice that it has ceased to be a substantial shareholder in WA1 Resources Ltd as of 7 May 2026. The filing lists multiple related entities, including S...
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.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.