WA1 Resources Ltd (WA1) AI Stock Analysis

• Market Cap: AU$1.40B
• Dividend Yield: N/A
• Average Volume (3M): 192.57K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.90
• Revenue Growth: N/A
• EPS Growth: -17.57%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Copper
• EPS (TTM): -0.03
• Shares Outstanding: 74,266,880
• 10 Day Avg. Volume: 227,729
• 30 Day Avg. Volume: 192,573
• 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 Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$26.37
• Price Target Upside: 38.57% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: AU$20.00 ▲(5.10% Upside)

The score is held back primarily by weak operating performance and elevated cash burn despite a strong balance sheet. Technicals are supportive but look overbought, while valuation is constrained by ongoing losses and no dividend yield data.

Positive Factors

Strong Balance Sheet

A strong balance sheet with low debt and substantial equity enhances financial stability and supports future funding needs, crucial for long-term growth.

Major Project Status

Achieving Major Project Status provides coordinated government support, enhancing project viability and potentially accelerating development timelines.

Successful Refining Testwork

Successful refining testwork indicates potential for higher-value product output, improving project economics and competitive positioning in the niobium market.

Negative Factors

Widening Net Losses

Widening net losses highlight operational challenges and the need for revenue generation to achieve profitability, impacting long-term financial health.

Negative Cash Flow

Negative cash flow increases reliance on external funding, raising financial risk and potentially limiting strategic flexibility in the long term.

Pre-Revenue Stage

Being pre-revenue limits immediate income streams, requiring sustained investment and increasing execution risk until commercial production is achieved.

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 tenements covering an area of approximately 267 square kilometers located in the West Arunta Orogen. WA1 Resources Ltd was incorporated in 2021 and is based in Nedlands, Australia.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	261.12K	0.00	0.00
Gross Profit	-122.21K	-122.21K	-44.06K	230.57K	0.00	0.00
EBITDA	-3.13K	-6.99M	-3.50M	-2.19M	-622.59K	49.85K
Net Income	-4.80M	-4.80M	-3.54M	-2.22M	-622.59K	-49.85K
Balance Sheet
Total Assets	130.26M	130.26M	75.47M	24.80M	4.69M	628.38K
Cash, Cash Equivalents and Short-Term Investments	72.80M	72.80M	46.94M	17.00M	3.68M	206.15K
Total Debt	17.28K	17.28K	0.00	43.78K	0.00	0.00
Total Liabilities	4.32M	4.32M	3.46M	2.23M	131.69K	234.23K
Stockholders Equity	125.94M	125.94M	72.01M	22.56M	4.56M	394.15K
Cash Flow
Free Cash Flow	-31.45M	-31.45M	-2.22M	-5.62M	-729.48K	-39.21K
Operating Cash Flow	-2.05M	-2.05M	-2.22M	-1.08M	-729.48K	-19.91K
Investing Cash Flow	-29.39M	-29.39M	-18.03M	-6.68M	-531.66K	-67.94K
Financing Cash Flow	57.31M	57.31M	52.19M	19.08M	4.73M	294.00K

WA1 Resources Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 19.03 is above the 20-day moving average (MA) of 18.27, above the 50-day MA of 17.00, and above the 200-day MA of 16.14, indicating a bullish trend. The MACD of 0.65 indicates Negative momentum. The RSI at 61.83 is Neutral, neither overbought nor oversold. The STOCH value of 57.45 is Neutral, 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
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
WA1	53 Neutral	AU$1.40B	-265.78	-4.85%	―	―	-17.57%
HCH	53 Neutral	AU$298.30M	-22.61	-4.91%	―	―	-20.00%
HGO	51 Neutral	AU$184.36M	-6.16	-29.41%	―	281.37%	2.27%
CVV	49 Neutral	AU$176.01M	-25.00	-73.21%	―	―	-11.29%
AR1	49 Neutral	AU$186.87M	-1.15	―	―	-57.00%	-1789.13%
GRX	48 Neutral	AU$255.23M	-40.19	-40.26%	―	-100.00%	-29.70%

WA1 Resources Ltd Corporate Events

WA1 Resources Ltd Announces Quotation of New Securities on ASX

WA1 Resources Ltd has announced the quotation of 18,750 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of December 12, 2025. This move is part of the company’s strategy to enhance its financial flexibility and potentially expand its operations, which could have significant implications for its market positioning and stakeholder interests.

The most recent analyst rating on (AU:WA1) stock is a Buy with a A$28.00 price target. To see the full list of analyst forecasts on WA1 Resources Ltd stock, see the AU:WA1 Stock Forecast page.

WA1 Resources’ Luni Niobium Project Gains Major Project Status

WA1 Resources Ltd announced that its Luni Niobium Project has been granted Major Project Status by the Australian Government, highlighting its national significance. This status provides WA1 with coordinated access to government resources, reinforcing the project’s potential to bolster Australia’s economy, enhance sovereign capability in critical minerals, and promote regional growth.

The most recent analyst rating on (AU:WA1) stock is a Buy with a A$28.00 price target. To see the full list of analyst forecasts on WA1 Resources Ltd stock, see the AU:WA1 Stock Forecast page.

WA1 Resources Ltd Releases AGM Presentation with Key Disclaimers

WA1 Resources Ltd has released a presentation for its Annual General Meeting in November 2025, detailing general information about the company. The document includes disclaimers about the accuracy of the information provided and emphasizes that it is not an offer or financial advice. The release highlights the presence of forward-looking statements, which are subject to various risk factors and uncertainties that could impact the company’s actual results and operations.

The most recent analyst rating on (AU:WA1) stock is a Buy with a A$28.00 price target. To see the full list of analyst forecasts on WA1 Resources Ltd stock, see the AU:WA1 Stock Forecast page.

WA1 Resources Advances Luni Niobium Project with Successful Refining Testwork

WA1 Resources Ltd has completed proof-of-concept niobium oxide refining testwork at its Luni Niobium Project, demonstrating the potential to produce higher-value niobium products. The company continues to advance various work programs, including drilling and pre-development activities, to support an updated Mineral Resource estimate and expedite permitting processes. Additionally, WA1 has strengthened its corporate structure with the appointment of a new Non-Executive Chair and secured significant funding through a $100 million placement.

The most recent analyst rating on (AU:WA1) stock is a Buy with a A$25.70 price target. To see the full list of analyst forecasts on WA1 Resources Ltd stock, see the AU:WA1 Stock Forecast page.

WA1 Resources Ltd Announces Annual General Meeting Details

WA1 Resources Ltd has announced the details of its upcoming Annual General Meeting (AGM), scheduled for November 20, 2025, in Perth, Western Australia. The company has provided shareholders with the necessary documents and instructions for proxy voting, emphasizing the importance of reviewing the Notice of Annual General Meeting. This meeting is a key event for stakeholders, as it provides an opportunity to discuss the company’s performance and strategic direction.

The most recent analyst rating on (AU:WA1) stock is a Buy with a A$25.70 price target. To see the full list of analyst forecasts on WA1 Resources Ltd stock, see the AU:WA1 Stock Forecast page.

WA1 Resources Advances Luni Niobium Project with Promising Drilling Results

WA1 Resources Ltd has announced positive assay results from its ongoing drilling campaign at the Luni Niobium Project, which continue to confirm the continuity of high-grade niobium zones. The company has completed over 80,000 meters of drilling and is targeting an updated Mineral Resource estimate in 2026. With key pre-development siteworks underway, these developments are expected to significantly impact the company’s future operations and positioning within the niobium market.

The most recent analyst rating on (AU:WA1) stock is a Buy with a A$25.70 price target. To see the full list of analyst forecasts on WA1 Resources Ltd stock, see the AU:WA1 Stock Forecast page.