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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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.31K | 0.00 | 51.47K | 43.71K | 0.00 | 20.00K |
| Gross Profit | -19.00K | -19.00K | 51.47K | 43.71K | -30.09K | 20.00K |
| EBITDA | -1.50M | -1.50M | -3.12M | -1.26M | -1.22M | -496.95K |
| Net Income | -1.52M | -1.52M | -3.15M | -1.30M | -1.23M | -504.15K |
Balance Sheet | ||||||
| Total Assets | 8.64M | 8.64M | 12.02M | 13.58M | 4.54M | 473.31K |
| Cash, Cash Equivalents and Short-Term Investments | 309.27K | 309.27K | 255.92K | 2.33M | 3.17M | 352.51K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 70.00K |
| Total Liabilities | 369.59K | 369.59K | 891.29K | 888.52K | 193.03K | 176.79K |
| Stockholders Equity | 8.27M | 8.27M | 11.13M | 12.69M | 4.35M | 296.52K |
Cash Flow | ||||||
| Free Cash Flow | -2.21M | -1.70M | -3.70M | -2.96M | -2.07M | -77.70K |
| Operating Cash Flow | -1.70M | -1.70M | -622.31K | -864.07K | -738.82K | -22.27K |
| Investing Cash Flow | 57.06K | 57.06K | -2.34M | -2.10M | -1.40M | -95.43K |
| Financing Cash Flow | 1.72M | 1.72M | 978.67K | 2.12M | 4.95M | 420.01K |
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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | AU$6.24M | -2.73 | -127.51% | ― | 168.85% | 13.51% | |
49 Neutral | AU$33.85M | -27.03 | -51.49% | ― | ― | 5.93% | |
48 Neutral | AU$4.68M | -15.38 | -66.08% | ― | ― | 80.88% | |
46 Neutral | ― | -2.80 | -15.66% | ― | ― | 63.53% | |
43 Neutral | AU$2.98M | -3.03 | -37.62% | ― | ― | 76.76% | |
41 Neutral | AU$22.79M | -11.75 | -32.31% | ― | ― | 69.23% |
West Cobar Metals Ltd. Corporate Events
West Cobar Metals has welcomed the Australian Federal Government’s detailed plans for a $1.2 billion Critical Minerals Strategic Reserve, which will initially prioritise rare earths, gallium and antimony—commodities that are central to the company’s project portfolio. Management highlighted that Salazar already hosts substantial rare earth resources and metallurgical testwork indicates potential co‑product streams of scandium and gallium, while a maiden gallium resource is being prepared and Bulla Park contains a sizeable copper‑antimony‑silver resource, leaving the company well aligned to benefit from policy support aimed at shoring up long‑term critical mineral supply and strengthening Australia’s strategic position in these markets.
The most recent analyst rating on (AU:WC1) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on West Cobar Metals Ltd. stock, see the AU:WC1 Stock Forecast page.
West Cobar Metals Ltd. has announced significant progress across its key projects. At the Salazar Critical Minerals Project in Western Australia, metallurgical testing is underway to evaluate a heap leach extraction method for rare earth elements and other critical minerals, with plans to expand the resource estimate by incorporating gallium. The Bulla Park Copper-Antimony Project in New South Wales is advancing with re-assaying and an upcoming drilling program aimed at unlocking higher grades and larger resource potential. Meanwhile, the initial drilling at the Mystique Gold Project in Western Australia has revealed widespread gold mineralization, leading to a significant tenement expansion in the area. These developments underline the company’s commitment to strengthening its position in critical minerals and gold exploration, addressing rising global demand and benefiting stakeholders.
West Cobar Metals Ltd. has announced a change in the interests of its director, Matt Szwedzicki, due to the expiry of 180,000 options that were exercisable at $0.10 before December 10, 2025. This change in securities does not alter the overall number of shares held by the director, maintaining his position within the company.
West Cobar Metals Ltd. announced the cessation of 2,460,000 securities due to the expiry of options or other convertible securities without exercise or conversion as of December 10, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s future financial strategies and market positioning.
West Cobar Metals Limited has announced the appointment of Lincoln Xi Victor Liu as a director, effective December 8, 2025. Liu holds 836,364 fully paid ordinary shares and 200,000 WC10 listed options with an exercise price of $0.06, expiring on June 30, 2028. This appointment and the director’s significant shareholding may influence the company’s strategic direction and stakeholder confidence.
West Cobar Metals Ltd. announced the issuance of 6,000,000 unquoted securities, specifically options expiring on May 15, 2028, with an exercise price of $0.04. This move is part of the company’s strategic efforts to enhance its financial flexibility and support its ongoing exploration and development activities, potentially impacting its market positioning and stakeholder interests.
West Cobar Metals Ltd. announced the issuance of 5,000,000 unquoted securities, specifically options expiring on May 15, 2028, with an exercise price of $0.04. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and offering new opportunities for stakeholders.
West Cobar Metals Ltd. announced the cessation of 6,123,334 securities due to the expiration of options without exercise or conversion as of November 27, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s future financial strategies and market positioning.
West Cobar Metals Ltd announced that 5,000,000 ordinary fully paid shares will be released from escrow on 28 November 2025. This release of shares could potentially impact the company’s stock liquidity and market perception, offering stakeholders an opportunity to reassess their positions as these shares become available for trading.
West Cobar Metals Ltd. has announced the results of its recent air core drilling program at the Mystique Project, revealing significant gold mineralization at the Themis South and Torquata Gold Prospects. The drilling, which included 66 holes, found anomalous gold values in 28 holes, with notable grades of up to 2.05g/t Au. The findings suggest a strong potential for a major gold deposit, particularly related to NW-SE trending structures, and the company plans to reassess historical data to guide future exploration efforts.
West Cobar Metals Ltd. has identified significant gallium mineralization across its Salazar Critical Minerals Project in Western Australia, particularly in the Newmont and O’Connor deposits. This discovery comes in light of China’s recent restrictions on gallium exports, highlighting potential supply vulnerabilities in global tech industries. The company is reviewing its mineral resource estimates to include gallium, which could enhance its market position by offering a unique mix of high-value co-products alongside rare earth elements.
West Cobar Metals Ltd. has successfully issued 68,181,818 fully paid ordinary shares at $0.022 each to professional and sophisticated investors, utilizing its existing placement capacity. This strategic move aims to strengthen the company’s financial position and enhance its market presence, potentially impacting its operations and stakeholder interests positively.
West Cobar Metals Ltd. has announced the issuance of 68,181,818 ordinary fully paid securities, which are set to be quoted on the ASX. This move is part of a previously announced transaction, indicating the company’s strategic efforts to strengthen its financial position and potentially expand its operations, impacting its market presence and stakeholder interests.
West Cobar Metals Ltd. has issued an addendum to its Notice of Annual General Meeting, originally released on October 16, 2025. The addendum introduces Resolutions 7, 8, and 9, which pertain to the ratification of Placement Shares and the approval to issue Lead Manager Options. The meeting will proceed as scheduled on November 21, 2025, and shareholders are encouraged to submit proxy forms for these new resolutions. This update reflects the company’s ongoing efforts to manage shareholder communications effectively and ensure transparency in its governance processes.
West Cobar Metals Limited has announced an addendum to its Notice of Annual General Meeting, scheduled for November 21, 2025. The addendum introduces three new resolutions, including the ratification of placement shares issued under Listing Rules 7.1 and 7.1A. Shareholders are advised to use a replacement proxy form to vote on these resolutions, ensuring their votes are counted appropriately. This move is part of the company’s efforts to streamline its shareholder voting process and ensure compliance with regulatory requirements.
West Cobar Metals Ltd. has completed an aircore drilling program at its Mystique Gold Project, located 240 km east of Kalgoorlie. The program involved 66 aircore holes totaling 4,262 meters, targeting gold prospects at Themis South and Torquata. The company is now awaiting assay results expected in November, which could impact its exploration strategy and stakeholder interests.
West Cobar Metals Ltd. has announced the conversion of 4 million Broker Options into Ordinary shares, as per the conversion notices received. This move, executed without disclosure to investors under Part 6D.2 of the Corporations Act, aligns with the company’s compliance with relevant legal provisions, potentially enhancing its capital structure and market presence.
West Cobar Metals Ltd. has announced a proposed issue of 5,000,000 securities, set to expire in May 2028, with an exercise price of $0.04. This issuance, scheduled for November 26, 2025, is part of the company’s strategic efforts to raise capital, potentially impacting its financial position and market activities.
West Cobar Metals Ltd. has announced a proposed issue of 68,181,818 ordinary fully paid securities, scheduled for November 10, 2025. This strategic move is aimed at raising capital to support the company’s growth initiatives, potentially strengthening its position in the mining sector and providing opportunities for stakeholders.
West Cobar Metals Limited has successfully secured $1.5 million through a placement of shares to professional and sophisticated investors, priced at a 22% discount to the last closing price. The funds will be used to advance their critical minerals projects, including optimization and exploration activities, with the aim of capitalizing on favorable market conditions for critical minerals.
West Cobar Metals Ltd. reported significant progress in its various exploration projects during the quarter ending September 30, 2025. The company commenced an aircore drill program at the Mystique Gold project, with results expected in November. Assay results from the Fraser Range project revealed promising values of rare earth elements and titanium dioxide, supporting the potential of the Salazar Critical Minerals Project. Additionally, the company is exploring opportunities to optimize the extraction of rare earth elements and scandium. West Cobar is also targeting the U.S. market to introduce its critical minerals portfolio to key stakeholders.
West Cobar Metals Limited has requested a trading halt on its securities pending an announcement regarding a capital raising initiative. This move indicates a strategic effort to secure additional funds, which could impact the company’s operations and market positioning, potentially affecting stakeholders and future growth prospects.
West Cobar Metals Ltd. has announced progress in its reconnaissance air core drill program at the Mystique Gold project, specifically at the Themis South and Torquata Gold Prospects. Interim results from 32 of the 45 holes drilled so far indicate the discovery of a new gold system with a 400m anomalous gold horizon in the saprolite zone. The company plans to complete the drilling by the end of October, with full assay results expected in November. The findings have led to a revised model of gold mineralization controls, highlighting the significance of NW-SE structures. This development could enhance West Cobar’s positioning in the gold exploration sector and potentially impact stakeholders by identifying new areas of interest for further exploration.
West Cobar Metals Ltd. has announced a significant finding from the re-analysis of drill core samples at its Bulla Park site, revealing that previous assays had under-reported antimony concentrations. By using a peroxide-fusion digest method, the company discovered an average increase of 14% in antimony concentrations, with some samples showing up to a 62% increase. This finding could positively impact the project’s economics, especially given the current high market price of antimony. The company plans to re-analyse all available mineralised intersections to better understand the resource potential.
West Cobar Metals Ltd. has announced its annual general meeting scheduled for November 21, 2025, at Prospera Partners’ offices in Subiaco, Western Australia. Shareholders are encouraged to vote by proxy due to potential attendance limitations and can submit questions in advance. The meeting will address the company’s annual report and consider the adoption of the Remuneration Report, though the latter is advisory and non-binding. The outcome of the vote will influence future remuneration policies, highlighting the company’s commitment to shareholder engagement and transparency.
West Cobar Metals Limited has announced its upcoming Annual General Meeting (AGM) for shareholders, scheduled for November 21, 2025, in Subiaco, WA. Shareholders are encouraged to submit their proxy votes online by November 19, 2025, and can access the meeting notice and documents electronically. The company emphasizes the importance of reviewing the notice in full and provides contact information for any inquiries.
West Cobar Metals Ltd. has announced a change in the interests of its director, Matt Szwedzicki, involving the issuance of 10 million performance rights set to expire on October 15, 2030. This move is part of the company’s strategic efforts to align management incentives with long-term growth objectives, potentially impacting its operational focus and stakeholder interests.
West Cobar Metals Ltd. announced the issuance of 10,000,000 performance rights and 8,000,000 lead manager options as part of a previously announced transaction. This issuance of unquoted securities is a strategic move to strengthen the company’s financial position and support its ongoing projects, potentially impacting its market positioning and stakeholder interests.
West Cobar Metals Ltd. has announced the issuance of 26,984,660 fully paid ordinary shares at $0.017 each to professional and sophisticated investors. This move follows shareholder approvals and aims to strengthen the company’s financial position, potentially enhancing its market standing and operational capabilities.
West Cobar Metals Ltd. announced a change in the director’s interest, with Mark Bolton acquiring additional shares and options through participation in a capital raising. This move increases his holdings to over 14 million fully paid ordinary shares and 352,940 listed options. The acquisition reflects the company’s ongoing efforts to strengthen its capital base, potentially enhancing its operational capabilities and market position.
West Cobar Metals Ltd. has announced a change in the director’s interest, with Matt Szwedzicki acquiring additional shares and options through a capital raising initiative. This move, approved by the board and shareholders, enhances Szwedzicki’s stake in the company and reflects a strategic effort to bolster the company’s financial position and shareholder value.
West Cobar Metals Ltd. announced the quotation of 26,984,660 ordinary fully paid securities and 41,764,698 options expiring on June 30, 2028, on the Australian Securities Exchange. This move is part of previously announced transactions and could enhance the company’s market presence and provide additional capital for its operations.