WA1 Resources Ltd (AU:WA1)
ASX:WA1
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WA1 Resources Ltd
(Sydney:WA1)
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Rating:45Neutral
Price Target:
AU$15.00
▲(3.81% Upside)
Action:ReiteratedDate: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 materially higher equity provide durable funding capacity for exploration programs and reduce immediate refinancing risk. Over a 2–6 month horizon this strengthens the company's ability to sustain stepped-up investment cycles and retain optionality to advance targets or seek partners.
Negative Factors
Pre-revenue operations
The firm remains pre-revenue, meaning no operating cash inflows to underwrite activities. Over the coming months this limits internal funding, heightens dependence on capital markets and partners, and leaves project progress contingent on external financing rather than sustaining cash generation from operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Very low leverage and materially higher equity provide durable funding capacity for exploration programs and reduce immediate refinancing risk. Over a 2–6 month horizon this strengthens the company's ability to sustain stepped-up investment cycles and retain optionality to advance targets or seek partners.
Read all positive factors
WA1 Resources Ltd (WA1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.13B
Dividend YieldN/A
Average Volume (3M)192.57K
Price to Earnings (P/E)―
Beta (1Y)1.56
Revenue GrowthN/A
EPS Growth-47.24%
CountryAU
Employees26
SectorBasic Materials
Sector Strength58
IndustryCopper
Share Statistics
EPS (TTM)-0.03
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$28.40Price Target Upside96.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.07
Revenue Forecast (FY)N/A
WA1 Resources Ltd Business Overview & Revenue Model
Company Description
WA1 Resources Ltd engages in the mineral exploration business in Western Australia. It explores for iron oxide, copper, and gold deposits. The company's flagship project is the 100% owned West Arunta project comprising three granted exploration te...
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
Negative
14.45
Price Trends
15.11
Negative
16.39
Negative
17.13
Negative
Market Momentum
-0.11
Negative
48.30
Neutral
27.72
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WA1, the sentiment is Negative. The current price of 14.45 is above the 20-day moving average (MA) of 14.20, below the 50-day MA of 15.11, and below the 200-day MA of 17.13, indicating a neutral trend. The MACD of -0.11 indicates Negative momentum. The RSI at 48.30 is Neutral, neither overbought nor oversold. The STOCH value of 27.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$129.74M | 1,327.88 | 0.12% | ― | 49.14% | ― | |
45 Neutral | AU$1.13B | -152.49 | -4.14% | ― | ― | -47.24% | |
45 Neutral | AU$326.52M | -12.92 | -3.91% | ― | ― | 17.44% | |
44 Neutral | AU$148.07M | -4.15 | -242.58% | ― | ― | -79.69% | |
43 Neutral | AU$189.62M | 8.15 | -118.27% | ― | -95.70% | 8.86% | |
42 Neutral | AU$286.42M | -7.69 | -113.18% | ― | -100.00% | -150.60% |
* Basic Materials Sector Average
AU:WA1
WA1 Resources Ltd
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WA1 Resources Ltd Corporate Events
WA1 Resources Seeks ASX Quotation for Additional Ordinary Shares
Mar 27, 2026
WA1 Resources Ltd has applied for quotation on the ASX of 17,500 ordinary fully paid shares, to be issued on March 27, 2026. The new securities, which arise from the exercise or conversion of existing options or other convertible instruments, will...
WA1 Resources Outlines Corporate Structure in Interim Report
Mar 11, 2026
WA1 Resources Ltd has released its interim financial report for December 2025, accompanied by updated corporate information. The report outlines the company’s board composition, including a non-executive chair, managing director, executive a...
WA1 hits more high-grade niobium as Luni resource upgrade looms
Mar 2, 2026
WA1 Resources has reported further high-grade niobium intersections from infill drilling at its Luni Niobium Project in Western Australia, directly adjacent to and within the existing Indicated Mineral Resource area. The results, from diamond and ...
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.