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Anova Metals Ltd. (AU:WA8)
ASX:WA8
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Anova Metals Ltd. (WA8) AI Stock Analysis

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AU:WA8

Anova Metals Ltd.

(Sydney:WA8)

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Neutral 47 (OpenAI - 4o)
Rating:47Neutral
Price Target:
AU$0.00
▼(-100.00% Downside)
Anova Metals Ltd.'s overall stock score is primarily impacted by its challenging financial performance, characterized by declining revenues and persistent losses. The technical analysis provides some positive signals, but the valuation remains unattractive due to a negative P/E ratio. The absence of earnings call data and corporate events limits additional insights.

Anova Metals Ltd. (WA8) vs. iShares MSCI Australia ETF (EWA)

Anova Metals Ltd. Business Overview & Revenue Model

Company DescriptionWarriedar Resources Limited engages in the exploration and evaluation of mineral properties in Australia and the United States. It explores for gold and copper deposits. The company holds interests in the Golden Range and Fields Find Projects located in Western Australia; and Big Springs Gold Project located in Nevada, the United States. The company was formerly known as Anova Metals Limited. Warriedar Resources Limited was incorporated in 2010 and is based in East Perth, Australia.
How the Company Makes MoneyAnova Metals Ltd. generates revenue primarily through the exploration and potential development of its mineral resources. The company's revenue model is centered around discovering economically viable mineral deposits, which can then be mined and sold. Key revenue streams include the sale of extracted minerals, potential joint ventures or partnerships with larger mining firms for resource development, and possible government grants or incentives for mining and exploration activities. Additionally, Anova Metals may benefit from strategic alliances that enhance its operational capabilities and expand its market reach, contributing to its overall earnings.

Anova Metals Ltd. Financial Statement Overview

Summary
Anova Metals Ltd. faces significant financial challenges, with declining revenues and persistent losses impacting profitability and cash flow. While the company maintains a low leverage profile, its ability to generate returns and positive cash flow remains constrained.
Income Statement
35
Negative
Anova Metals Ltd. has experienced significant revenue volatility, with a sharp decline of 75.8% in the most recent year. The company has consistently negative net profit margins, indicating ongoing profitability challenges. Despite a positive gross profit margin, the EBIT and EBITDA margins remain deeply negative, reflecting operational inefficiencies.
Balance Sheet
45
Neutral
The company's balance sheet shows a low debt-to-equity ratio, suggesting limited leverage risk. However, the negative return on equity indicates that the company is not generating sufficient returns on shareholder investments. The equity ratio is relatively stable, but overall financial health is impacted by persistent losses.
Cash Flow
40
Negative
Anova Metals Ltd. has negative operating and free cash flows, although there is a slight improvement in free cash flow growth. The operating cash flow to net income ratio is negative, highlighting cash flow challenges. The free cash flow to net income ratio is slightly above 1, indicating some alignment between cash flow and reported earnings.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue414.87K324.74K258.56K126.57K4.00K0.00
Gross Profit414.87K324.74K258.56K126.57K-2.82K-7.31K
EBITDA-11.10M-11.19M-10.60M-9.55M-3.64M-3.52M
Net Income-10.67M-10.67M-21.35M-9.88M-3.65M-4.18M
Balance Sheet
Total Assets93.31M93.31M72.96M85.52M16.62M19.00M
Cash, Cash Equivalents and Short-Term Investments24.43M24.43M3.87M6.15M4.65M7.65M
Total Debt345.40K345.40K400.91K449.75K0.000.00
Total Liabilities16.84M16.84M19.67M22.49M577.96K538.58K
Stockholders Equity76.47M76.47M53.28M63.03M16.05M18.46M
Cash Flow
Free Cash Flow-10.14M-10.14M-9.55M-7.73M-3.79M-4.34M
Operating Cash Flow-10.00M-10.00M-9.43M-7.66M-3.79M-4.34M
Investing Cash Flow-1.80M-1.80M-1.74M940.22K0.008.17M
Financing Cash Flow32.75M32.75M8.95M8.01M715.00K161.86K

Anova Metals Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.24
Price Trends
50DMA
0.21
Positive
100DMA
0.17
Positive
200DMA
0.13
Positive
Market Momentum
MACD
<0.01
Positive
RSI
55.72
Neutral
STOCH
65.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WA8, the sentiment is Positive. The current price of 0.24 is below the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.21, and above the 200-day MA of 0.13, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.72 is Neutral, neither overbought nor oversold. The STOCH value of 65.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WA8.

Anova Metals Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
47
Neutral
AU$286.17M-19.26-16.44%25.60%69.50%
46
Neutral
AU$170.36M-34.58-39.06%25.00%
46
Neutral
AU$124.24M-20.00-8.25%-55.56%
45
Neutral
AU$150.13M-2.48-84.61%149.43%1.20%
40
Underperform
AU$70.32M-2.59-18.67%53.31%
36
Underperform
AU$137.21M-20.60%7.28%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:WA8
Anova Metals Ltd.
0.24
0.19
380.00%
AU:BSX
Blackstone Minerals Ltd
0.04
0.01
33.33%
AU:EQR
EQ Resources Limited
0.04
-0.01
-20.00%
AU:AGE
Alligator Energy Ltd
0.02
-0.02
-50.00%
AU:PSC
Prospect Resources Ltd.
0.19
0.08
72.73%
AU:ZEO
Zeotech Limited
0.08
0.04
100.00%

Anova Metals Ltd. Corporate Events

Warriedar Resources Limited Announces New Securities Issuance
Oct 29, 2025

Warriedar Resources Limited has announced a new issuance of securities, with a total of 4,783,783 ordinary fully paid shares to be quoted on the Australian Securities Exchange (ASX) under the code WA8. This move, effective from October 29, 2025, follows the exercise of options or conversion of other convertible securities. This announcement signifies a strategic financial maneuver for Warriedar Resources Limited, potentially enhancing its market position and liquidity. Stakeholders may view this as a positive step towards strengthening the company’s capital structure.

Warriedar Resources Announces Director’s Interest Change
Oct 24, 2025

Warriedar Resources Limited has announced a change in the director’s interest, specifically involving Mark Connelly. The change includes the acquisition of 1,166,666 Ordinary Shares and the disposal of an equal number of Performance Rights tied to a $0.20 WVAP hurdle. This adjustment in shareholding reflects the vesting and exercise of performance rights, potentially impacting the company’s governance and signaling confidence in its future performance.

Warriedar Resources Limited Announces New Securities Issuance
Oct 17, 2025

Warriedar Resources Limited has announced a new issuance of securities, with a total of 4,325,000 ordinary fully paid shares to be quoted on the Australian Securities Exchange (ASX) under the code WA8. This announcement marks a significant step for the company as it seeks to enhance its market presence and potentially attract new investors, reflecting its ongoing efforts to strengthen its financial position and operational capabilities.

Warriedar Resources Acquisition by Capricorn Metals Approved with Revised Terms
Oct 14, 2025

Warriedar Resources Limited has announced that the Supreme Court of Western Australia has approved the dispatch of a supplementary scheme booklet related to its acquisition by Capricorn Metals Ltd. The revised terms of the acquisition offer an increased consideration for Warriedar shareholders and option holders, which has been deemed fair and reasonable by an independent expert. The Warriedar Board recommends that securityholders vote in favor of the schemes, with meetings scheduled for November 2025. This acquisition is expected to impact Warriedar’s operations by integrating with Capricorn Metals, potentially enhancing its market positioning and value for stakeholders.

Warriedar Resources Limited Announces Quotation of New Securities
Oct 7, 2025

Warriedar Resources Limited has announced the quotation of 1,659,896 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code WA8. This move follows the exercise of options or conversion of other convertible securities, indicating a strategic effort to enhance liquidity and shareholder value.

Capricorn Metals Enhances Offer for Warriedar Resources Acquisition
Oct 6, 2025

Capricorn Metals Ltd, a company listed on the ASX, has increased its offer to acquire Warriedar Resources Limited, another ASX-listed company, through a share scheme of arrangement. The revised offer improves the share exchange ratio, providing a 24% premium to Warriedar’s last trading price. The Warriedar board recommends shareholders vote in favor of the scheme, and if approved, Warriedar securityholders will own approximately 5.5% of the enlarged group. Capricorn has also waived a condition precedent, allowing the share scheme to proceed even if the option scheme is not approved.

Warriedar Resources Dispatches Scheme Booklet for Capricorn Acquisition
Oct 5, 2025

Warriedar Resources Limited, an Australian company, has dispatched its Scheme Booklet to securityholders regarding the proposed acquisition by Capricorn Metals Ltd. The acquisition involves a Court-approved share and option scheme of arrangement. The Scheme Booklet provides essential information for securityholders to make informed voting decisions at the upcoming Scheme Meetings. The Independent Expert’s Report deems the schemes fair and reasonable, and the Warriedar Board recommends voting in favor of the schemes, highlighting the strategic alignment and potential benefits for stakeholders.

Warriedar Resources Advances Acquisition by Capricorn Metals
Sep 26, 2025

Warriedar Resources Limited, a company listed on the Australian Securities Exchange, is undergoing a proposed acquisition by Capricorn Metals Ltd through a Court-approved share and option scheme of arrangement. The Supreme Court of Western Australia has directed Warriedar to hold meetings for shareholders and option holders to vote on the schemes, and the Scheme Booklet has been registered with the Australian Securities and Investments Commission. The Independent Expert’s Report deems the schemes fair and reasonable, and the Warriedar Board recommends voting in favor of the schemes, barring any superior proposals.

Warriedar Resources Limited Announces Quotation of New Securities
Sep 24, 2025

Warriedar Resources Limited has announced the quotation of 975,580 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code WA8. This move, resulting from the exercise of options or conversion of other convertible securities, is aimed at enhancing the company’s capital structure and potentially improving its market position.

Warriedar Resources Announces Director’s Interest Change
Sep 23, 2025

Warriedar Resources Limited has announced a change in the director’s interest, specifically involving Dianmin Chen. The company has issued 1,250,000 ordinary shares upon the vesting and exercise of performance rights, leading to an increase in Chen’s holdings to 15,860,497 ordinary shares. This change reflects a strategic adjustment in the director’s securities, potentially impacting the company’s governance and shareholder alignment.

Warriedar Resources Issues 1.45 Million Shares Under Section 708A
Sep 22, 2025

Warriedar Resources Limited, listed on the ASX under the ticker WA8, has issued 1,450,000 ordinary fully paid shares as of 22 September 2025. This issuance was conducted without disclosure under Part 6D.2, relying on Section 708A(5) of the Corporations Act, and the company has confirmed compliance with relevant provisions of the Act. The announcement, authorized by Managing Director Amanda Buckingham, indicates that there is no excluded information relevant to Sections 708A(7) and (8). This move reflects Warriedar’s strategic financial management and adherence to regulatory requirements, potentially impacting its market operations and stakeholder relations.

Warriedar Resources Limited Announces New Securities Issuance
Sep 22, 2025

Warriedar Resources Limited has announced a new issuance of 1,450,000 fully paid ordinary securities, which are set to be quoted on the ASX under the code WA8. This move indicates the company’s ongoing efforts to expand its financial base and potentially enhance its market position. The issuance of these securities could have implications for stakeholders, as it may influence the company’s capital structure and investment potential.

Warriedar Resources Limited Announces New Securities Quotation
Sep 15, 2025

Warriedar Resources Limited has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). The company is set to quote 1,818,406 ordinary fully paid securities under the ASX code WA8, with the issue date being September 15, 2025. This move is part of the company’s strategic financial operations, potentially impacting its market presence and offering opportunities for stakeholders.

Warriedar Resources Granted AGM Extension Amid Acquisition Plans
Sep 12, 2025

Warriedar Resources Limited, an exploration and mining company, has received an extension from the Australian Securities and Investments Commission to hold its 2025 Annual General Meeting by January 31, 2026. This extension allows Warriedar to finalize its proposed acquisition by Capricorn Metals Ltd, with the completion of the share and option schemes expected by late November 2025. The directors of Warriedar recommend securityholders vote in favor of the schemes, which are deemed beneficial for stakeholders, pending no superior proposals.

Warriedar Resources Releases 2025 Corporate Governance Statement
Sep 8, 2025

Warriedar Resources Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement, approved by the board, outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting their commitment to transparency and accountability in their management and oversight practices.

Warriedar Resources Secures ASX Waiver for Share Scheme with Capricorn Metals
Sep 1, 2025

Warriedar Resources Limited, a company involved in a proposed share scheme arrangement with Capricorn Metals Limited, has announced a waiver of ASX Listing Rule 6.23.2. This waiver allows Warriedar’s unlisted options to be canceled for cash consideration without requiring shareholder approval, facilitating the acquisition process by Capricorn Metals.

Warriedar Resources Issues New Shares in Compliance with Corporations Act
Aug 29, 2025

Warriedar Resources Limited, listed on the ASX under the ticker WA8, has announced the issuance of 325,000 ordinary fully paid shares as of August 29, 2025. This issuance was conducted without disclosure under Part 6D.2, relying on Section 708A(5) of the Corporations Act, and the company has confirmed compliance with relevant provisions of the Corporations Act. The announcement, authorized by Managing Director Amanda Buckingham, indicates no excluded information as per Sections 708A(7) and (8), suggesting transparency and adherence to regulatory requirements.

Warriedar Resources Reports Positive Drilling Results at Golden Range Project
Aug 28, 2025

Warriedar Resources Limited announced positive drilling results from its Golden Range Project, particularly at the M1 and Valencia deposits. The drilling at M1 revealed new mineralization outside the current Mineral Resource Estimate, while the Valencia drilling confirmed historical data, enhancing the project’s potential. The ongoing drilling program at Ricciardo is progressing despite weather-related delays, underscoring the company’s commitment to expanding its resource base in the ‘Golden Corridor.’

Goldman Sachs Ceases Substantial Shareholding in Warriedar Resources
Aug 26, 2025

Anova Metals Ltd. has announced that The Goldman Sachs Group, Inc. and its subsidiaries have ceased to be substantial shareholders in Warriedar Resources Limited as of August 22, 2025. This change in shareholding may impact the company’s market dynamics and stakeholder interests, as significant shifts in shareholder composition can influence company strategy and investor confidence.

Warriedar Resources Limited Announces Quotation of New Securities
Aug 26, 2025

Warriedar Resources Limited has announced the application for quotation of 2,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code WA8. This move signifies the company’s strategic efforts to enhance its market presence and potentially increase liquidity for its stakeholders.

Warriedar Resources Limited Announces New Securities Quotation
Aug 19, 2025

Warriedar Resources Limited has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). The company is seeking to quote 1,118,000 ordinary fully paid securities under the ASX code WA8, with an issue date of August 19, 2025. This move is part of the company’s strategy to enhance its market presence and potentially attract more investors by increasing the liquidity of its shares.

Warriedar Resources Unveils Promising Drilling Results at Windinne Well
Aug 14, 2025

Warriedar Resources Limited has announced promising assay results from its recent drilling at the Windinne Well deposit, part of the Golden Range Project in Western Australia. The results indicate high-grade gold mineralization extending at depth across the North and Main zones, highlighting the potential for further resource growth. This development reinforces Warriedar’s strategic focus on the ‘Golden Corridor,’ which already hosts a substantial Mineral Resource Estimate, and underscores the company’s commitment to expanding its gold exploration footprint in the region.

Warriedar Resources Appoints Independent Expert for Acquisition Scheme
Aug 7, 2025

Warriedar Resources Limited, a company involved in a proposed acquisition by Capricorn Metals Limited, has appointed BDO Corporate Finance Australia Pty Ltd as an independent expert to assess the fairness of the acquisition scheme. The scheme involves Capricorn acquiring all securities in Warriedar through a court-approved arrangement, and a separate arrangement for exchanging Warriedar’s listed options for new Capricorn options. The independent expert’s report will be included in a Scheme Booklet to be sent to shareholders and optionholders in late September 2025, with meetings to approve the scheme scheduled for late October 2025.

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.Date of analysis: Oct 29, 2025