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West Cobar Metals Ltd.
(Sydney:WC1)
West Cobar Metals Ltd. (WC1) vs. iShares MSCI Australia ETF (EWA)
West Cobar Metals Ltd. Business Overview & Revenue Model
West Cobar Metals Ltd. Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 51.47K | 43.71K | 0.00 | 20.00K | 100.00K | Gross Profit |
| 51.47K | 7.01K | -30.09K | 20.00K | 99.96K | EBIT |
| -896.60K | -1.21M | -644.12K | -496.95K | 48.11K | EBITDA |
| -3.12M | -1.03M | -1.22M | -496.95K | 48.23K | Net Income Common Stockholders |
| -3.15M | -1.30M | -1.23M | -504.15K | 32.90K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 255.92K | 2.33M | 3.17M | 352.51K | 50.20K | Total Assets |
| 12.02M | 13.58M | 4.54M | 473.31K | 73.35K | Total Debt |
| 0.00 | 0.00 | 0.00 | 70.00K | 0.00 | Net Debt |
| -255.92K | -2.33M | -3.17M | -282.51K | -50.20K | Total Liabilities |
| 891.29K | 888.52K | 193.03K | 176.79K | 22.05K | Stockholders Equity |
| 11.13M | 12.69M | 4.35M | 296.52K | 51.30K |
| Cash Flow | Free Cash Flow | |||
| -3.70M | -2.96M | -2.07M | -77.70K | 51.14K | Operating Cash Flow |
| -622.31K | -864.07K | -738.82K | -22.27K | 52.93K | Investing Cash Flow |
| -2.34M | -2.10M | -1.40M | -95.43K | -13.34K | Financing Cash Flow |
| 978.67K | 2.12M | 4.95M | 420.01K | 0.00 |
West Cobar Metals Ltd. Technical Analysis
West Cobar Metals Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
56 Neutral | AU$5.05B | 38.05 | 5.11% | ― | 42.05% | ― | |
50 Neutral | $1.99B | -1.06 | -21.34% | 3.71% | 2.03% | -30.65% | |
45 Neutral | ― | -33.69% | ― | ― | -423.81% | ||
42 Neutral | AU$14.75M | ― | -84.72% | ― | 18.04% | -69.17% | |
40 Neutral | €35.45M | ― | -2.73% | ― | ― | -168.42% |
West Cobar Metals Ltd. Corporate Events
West Cobar Metals Ltd. announced that all resolutions presented at their General Meeting of Shareholders were passed by the required majority. This includes the issuance of options and shares related to various project transactions and placements, indicating strong shareholder support and potential for future growth and development in their ongoing projects.
West Cobar Metals Limited has received approvals to begin drilling at the Fraser Range Project in Western Australia, targeting copper-gold deposits. The project, funded by MinRex Resources Limited, will focus on testing five priority targets, with drilling expected to start in mid-May 2025, potentially enhancing the company’s exploration prospects in a region known for significant mineral deposits.
West Cobar Metals Ltd. has announced the commencement of a drilling program at its Fraser Range Project in Western Australia, following the receipt of necessary approvals. The project aims to explore five priority targets for copper-gold and base metals, with the drilling fully funded by Minrex Resources Limited. This initiative is expected to enhance West Cobar’s exploration efforts and potentially strengthen its position in the mining sector by uncovering significant mineral deposits.
West Cobar Metals Limited has announced positive metallurgical results from its Bulla Park project, highlighting the successful precipitation of high-grade antimony sulphide from leach liquor. This development indicates the feasibility of a straightforward processing method for extracting antimony, copper, and silver, with high recovery rates achieved in preliminary testwork. The results bolster confidence in the project’s potential and suggest further optimization could enhance these outcomes, potentially impacting the company’s operational efficiency and market positioning.
West Cobar Metals Ltd. has announced successful metallurgical test results from its Bulla Park project, highlighting the precipitation of high-grade antimony sulphide from leach liquor. This development confirms the feasibility of a simple metallurgical process to produce high-value copper, antimony, and silver concentrates with high recovery rates, positioning the company advantageously in a market with constrained supply sources for these minerals.
West Cobar Metals Ltd. is advancing its acquisition of the Mystique Project in the Fraser Range, Western Australia, which is highly prospective for gold. The company plans to conduct exploration drilling to test and define significant gold mineralization targets in the area. This move follows the discovery of exceptional gold intercepts at the nearby Themis Prospect, indicating promising potential for both shallow saprolite and large-scale basement-hosted gold deposits. However, the company will not proceed with acquiring a 70% joint venture interest in the adjoining Thunderstorm Project, as Rumble Resources Limited will pre-empt the acquisition.
West Cobar Metals Limited has announced a general meeting of its shareholders to be held on May 5, 2025, at the offices of Prospera Partners in Subiaco. The meeting will address important resolutions, including the issuance of 5,000,000 unlisted IGO Options to IGO Newsearch Pty Ltd as part of the Mystique Project Transaction. This move is significant for the company’s strategic operations, and shareholders are encouraged to participate in the voting process. The company has outlined specific voting exclusions to ensure compliance with regulations.
West Cobar Metals Limited (ASX: WC1) has announced a General Meeting for shareholders scheduled on May 5, 2025, at Prospera Partners’ offices in Subiaco, WA. The company is not sending hard copies of the meeting notice, instead, it is available online. Shareholders are encouraged to submit proxy votes by May 3, 2025, and can update their communication preferences online. Any changes to meeting arrangements will be communicated via the company’s website and ASX announcements.
West Cobar Metals Ltd. announced the cessation of 3,500,000 securities due to the lapse of conditional rights, as the conditions were not met or became unsatisfiable. This cessation could impact the company’s capital structure and may influence investor perception regarding the company’s ability to meet its operational or strategic conditions.
West Cobar Metals Ltd. has announced the commencement of a drilling program targeting five high-impact copper-gold and base metal targets in the Fraser Range, following a farm-in option agreement with Minrex Resources Limited. This initiative aims to explore the potential for Iron Oxide Copper Gold (IOCG) and Broken Hill Type (BHT) mineralization in the Biranup Zone, a region with limited prior exploration due to challenging surface conditions.
West Cobar Metals Ltd. has released its interim financial report for the half-year ended 31 December 2024. The report includes various financial statements and declarations, providing insights into the company’s financial performance and position during this period. This release is crucial for stakeholders as it offers a comprehensive overview of the company’s financial health and operational outcomes, potentially influencing investment decisions and market perceptions.
West Cobar Metals Ltd. has successfully issued and allotted 3,244,125 fully paid ordinary shares at an issue price of $0.016 per share to professional and sophisticated investors. This strategic move, authorized by the Board of Directors, aims to strengthen the company’s financial position and expand its market presence, reflecting its compliance with relevant provisions of the Corporations Act.
West Cobar Metals Ltd. has announced the issuance of 3,244,125 fully paid ordinary securities, effective March 12, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market position by increasing its available capital for further exploration and development activities.
West Cobar Metals Limited has successfully raised $450,000 through a two-tranche placement of shares, receiving strong support from professional and sophisticated investors. The funds will be used to advance the Bulla Park copper antimony project and complete a gold exploration project acquisition. The placement reflects the company’s strategic focus on expanding its mineral resource projects and strengthening its market position. Shareholder approval will be sought for the second tranche of shares and other related matters at the upcoming general meeting.
West Cobar Metals Ltd has announced the conditional acquisition of the Mystique Project, a strategic gold exploration asset in the Fraser Range of Western Australia, from IGO Limited. This acquisition includes a 100% interest in tenement E28/2513 and a potential 70% interest in three additional tenements, enhancing West Cobar’s exploration portfolio. The Mystique Project is expected to benefit from previous exploration efforts by IGO, and the company plans to conduct further exploration to identify significant gold deposits. This move positions West Cobar to strengthen its presence in the gold exploration sector amid rising demand for such assets.
West Cobar Metals Ltd. announced promising results from leaching testwork at its Bulla Park copper-antimony project, showing high recovery rates for antimony, copper, and silver. These results indicate potential for cost-effective extraction and sale of these minerals, enhancing the project’s viability and positioning the company favorably in the market.
West Cobar Metals Limited has requested a trading halt on its securities pending an announcement concerning the results of antimony leaching at Bulla Park, a gold project acquisition, and a capital raise. This trading halt indicates significant upcoming developments that could impact the company’s operations and market position, potentially affecting stakeholders’ interests.
West Cobar Metals Ltd. announced successful initial leaching test results at its Bulla Park copper-antimony-silver project, achieving 75% recovery of antimony from the float concentrate. This significant finding supports further optimization efforts and suggests potential for producing clean copper-silver concentrates and saleable antimony products. These results could enhance West Cobar’s positioning in the critical minerals market, providing high-value product streams for stakeholders.