WA1 Resources Ltd (WA1) AI Stock Analysis

• Market Cap: AU$906.04M
• Dividend Yield: N/A
• Average Volume (3M): 343.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.49
• Revenue Growth: N/A
• EPS Growth: -40.25%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Copper
• EPS (TTM): -0.06
• Shares Outstanding: 67,715,775
• 10 Day Avg. Volume: 280,407
• 30 Day Avg. Volume: 343,364
• PEG Ratio: -7.59K
• Price to Book (P/B): 5.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -28.53K
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$28.00
• Price Target Upside: 109.27% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

WA1 Resources Ltd presents a challenging investment case. The company's financial stability is undermined by its lack of revenue and persistent losses, which weigh heavily on its financial performance score. Technical indicators suggest potential downward pressure on the stock, and the valuation metrics are unattractive given the negative earnings. The score reflects the need for the company to improve its revenue generation and operational efficiency to provide a more compelling investment opportunity.

WA1 Resources Ltd Business Overview & Revenue Model

Company Description

WA1 Resources Ltd (WA1) is a minerals exploration company focused on the discovery and development of mineral resources in Australia. The company primarily operates in the mining sector, targeting commodities such as copper, gold, and other valuable minerals. WA1's core activities include identifying promising geological prospects, conducting exploratory drilling, and assessing the commercial viability of mining operations.

How the Company Makes Money

WA1 Resources Ltd makes money primarily through the discovery and development of mineral deposits, which it can either sell or develop into operational mines. Revenue streams include the sale of mineral rights or interests to larger mining companies, joint venture partnerships, and potentially operating its own mining projects to extract and sell minerals. The company may also enter into strategic partnerships with other firms to share exploration risks and costs, which can enhance its financial stability and growth potential. Additionally, WA1 may benefit from government grants or incentives aimed at promoting mining exploration and development within Australia.

WA1 Resources Ltd Financial Statement Overview

Summary

WA1 Resources Ltd is financially stable in terms of leverage and equity, but it struggles with profitability and cash generation. The lack of revenue and persistent losses are concerning, though the strong equity standing provides some resilience. The company needs to focus on generating sustainable revenues and improving operational efficiencies to enhance financial health.

Income Statement

WA1 Resources Ltd shows a history of no significant revenue generation, with consistent net losses over the years. The gross profit margin is non-existent due to zero revenue in recent periods. The revenue growth rate is negative or zero because of the lack of revenue generation. Overall, the company is currently unable to demonstrate profitability or positive growth trends.

Balance Sheet

The company's balance sheet is relatively strong with a high equity ratio, reflecting that most assets are financed by equity rather than debt. The debt-to-equity ratio is very low, indicating minimal leverage, which reduces financial risk. However, the absence of operating profitability limits the ability to generate returns on equity.

Cash Flow

The cash flow statement indicates challenges with negative operating cash flows, suggesting the company is not generating enough cash from its core operations. While there are substantial financing inflows, they are primarily used to cover operational and capital expenditure shortfalls. The absence of free cash flow growth further highlights potential liquidity concerns.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement		Total Revenue
0.00	0.00	261.12K	28.00	0.00
	Gross Profit
0.00	-44.06K	230.57K	28.00	0.00
	EBIT
―	-4.60M	-2.48M	-622.59K	-49.85K
	EBITDA
―	-3.50M	-2.19M	0.00	49.85K
	Net Income Common Stockholders
―	-3.54M	-2.22M	-622.59K	-49.85K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
86.54M	46.94M	17.00M	3.68M	206.15K
	Total Assets
130.85M	75.47M	24.80M	4.69M	628.38K
	Total Debt
67.75K	0.00	43.78K	0.00	0.00
	Net Debt
-86.47M	-46.94M	-14.95M	-3.68M	-206.15K
	Total Liabilities
2.13M	3.46M	2.23M	131.69K	234.23K
	Stockholders Equity
128.71M	72.01M	22.56M	4.56M	394.15K
Cash Flow		Free Cash Flow
―	-22.30M	-5.62M	-1.26M	-39.21K
	Operating Cash Flow
―	―	-1.08M	-729.48K	-19.91K
	Investing Cash Flow
―	-18.03M	-6.68M	-531.66K	-67.94K
	Financing Cash Flow
57.68M	52.19M	19.08M	4.73M	294.00K

WA1 Resources Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WA1, the sentiment is Positive. The current price of 13.38 is above the 20-day moving average (MA) of 11.95, above the 50-day MA of 12.38, and below the 200-day MA of 13.81, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 62.11 is Neutral, neither overbought nor oversold. The STOCH value of 84.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WA1.

WA1 Resources Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MIN	51 Neutral	$5.15B	50.78	-33.95%	4.54%	2.22%	-411.10%
CXO	50 Neutral	$212.16M	―	-21.25%	―	-70.50%	62.71%
Sector *	50 Neutral	$1.98B	-1.06	-21.29%	3.61%	1.95%	-30.61%
CHN	48 Neutral	€441.55M	―	-16.63%	―	―	57.93%
PLS	46 Neutral	$5.02B	23.42	-1.04%	―	-65.07%	-102.37%
WA1	46 Neutral	AU$906.04M	―	-4.24%	―	―	-40.25%
LTR	36 Underperform	€1.98B	―	-6.32%	―	―	3.33%

WA1 Resources Ltd Corporate Events

WA1 Resources Ltd Appoints New Director

WA1 Resources Ltd has announced the appointment of Kathleen Bozanic as a director, effective from May 1, 2025. This appointment does not currently involve any relevant interests in securities or contracts, indicating a straightforward transition into her new role without immediate financial implications for the company or its stakeholders.

WA1 Resources Announces Board Changes with New Leadership

WA1 Resources Ltd has announced significant changes to its Board of Directors, appointing Ms. Kathleen Bozanic as an independent Non-Executive Director, who will later assume the role of Non-Executive Chair following Mr. Gary Lethridge’s retirement in July 2025. This transition is expected to bring valuable expertise to the company, particularly in finance and corporate governance, as it continues to advance its West Arunta Project, positioning WA1 for sustained growth and value addition for stakeholders.

WA1 Resources Reports High-Grade Niobium Results at West Arunta Project

WA1 Resources Ltd has reported significant assay results from its West Arunta Project, highlighting a high-grade zone of niobium mineralization in the Luni deposit. The company has recommenced field activities, including resource definition and extensional drilling, to advance the project’s pre-development activities. The results support the continuity of high-grade niobium mineralization, which is crucial for de-risking the project and expediting development studies.

WA1 Resources Reports High-Grade Niobium Assays at West Arunta

WA1 Resources Ltd has announced high-grade assay results from its resource definition drilling at the Luni deposit within the West Arunta Project. These results highlight an exceptionally high-grade niobium zone, which is crucial for early-development scenarios in the eastern part of Luni. The ongoing drilling efforts aim to refine the mineral resource estimate, with further results expected to support an updated estimate later this quarter. The company’s strategic focus on pre-development activities and resource definition is intended to enhance its operational capabilities and industry positioning.

WA1 Resources Ltd Achieves Ferroniobium Production Milestone

WA1 Resources Ltd has successfully produced ferroniobium in a proof-of-concept test, marking a significant milestone for the company. This development could enhance the company’s operational capabilities and strengthen its position in the mining industry, potentially offering new opportunities for stakeholders.

WA1 Resources Unveils Major Niobium Discovery at West Arunta Project

WA1 Resources Ltd has announced a significant niobium discovery at its West Arunta Project, which is being described as a ‘once in a generation’ find. This discovery could potentially enhance the company’s position in the mineral resources industry, offering promising opportunities for growth and development, although the company advises caution as the information is preliminary and subject to change.

WA1 Resources Identifies High-Grade Niobium Zone at Luni

WA1 Resources Ltd has announced significant drilling results from their West Arunta Project, highlighting an exceptionally high-grade zone of niobium mineralization in the eastern part of the Luni deposit. These results surpass expectations and support the company’s focus on early development in this area. Continued assay results and field activities are expected to refine the mineral resource estimates and advance pre-development activities, reinforcing WA1’s strategic positioning in the niobium market.