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Errawarra Resources Ltd. (AU:WCE)
ASX:WCE
Australian Market

Errawarra Resources Ltd. (WCE) AI Stock Analysis

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AU:WCE

Errawarra Resources Ltd.

(Sydney:WCE)

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Underperform 34 (OpenAI - 4o)
Rating:34Underperform
Price Target:
Errawarra Resources Ltd.'s overall stock score is significantly impacted by its poor financial performance, with no revenue and consistent losses. While technical analysis shows some short-term positive momentum, the lack of fundamental strength and a negative P/E ratio weigh heavily on the stock's attractiveness. The absence of earnings call data and recent corporate events leaves the financial and technical assessments as the primary basis for the score.
Positive Factors
Strategic Acquisition
The acquisition of the Elizabeth Hill Silver Project strengthens Errawarra's position in the silver mining sector, offering potential for significant resource growth and enhancing its exploration portfolio.
Executive Leadership
The appointment of Bruce Garlick as Executive Director, with his extensive experience in mining and exploration, is expected to strengthen leadership and strategic decision-making, supporting long-term growth objectives.
Capital Raise
The successful capital raise enhances Errawarra's financial position, providing necessary funds for exploration and development activities, potentially improving its market positioning and operational capacity.
Negative Factors
Lack of Revenue
The absence of revenue indicates operational challenges and reliance on external financing, which could limit the company's ability to sustain long-term growth and profitability.
Cash Flow Issues
Negative cash flows highlight operational inefficiencies and reliance on external funding, posing sustainability concerns and potential constraints on future exploration and development activities.
Operational Losses
Persistent operational losses and negative margins reflect inefficiencies and lack of profitability, challenging the company's ability to achieve financial stability and long-term success.

Errawarra Resources Ltd. (WCE) vs. iShares MSCI Australia ETF (EWA)

Errawarra Resources Ltd. Business Overview & Revenue Model

Company DescriptionErrawarra Resources Ltd engages in the mineral exploration and project development in Australia. It explores for gold, nickel, scandium, cobalt, and copper deposits. The company holds 80% interests in Andover West project located in Western Australia. It also holds interests in Errabiddy project located in the Gascoyne Region of Western Australia; Binti Binti gold project, which covers an area of approximately 116 square kilometers located in Western Australia; and Fraser Range project that covers an area of approximately 105 square kilometers located in Western Australia. Errawarra Resources Ltd was incorporated in 2012 and is based in Perth, Australia.
How the Company Makes MoneyErrawarra Resources Ltd. generates revenue through the exploration and potential development of mineral resources. The company's primary revenue model involves acquiring exploration licenses and conducting geological surveys to identify valuable mineral deposits. Upon discovering economically viable resources, Errawarra may partner with larger mining companies for the development and production phases, earning revenue through joint ventures, royalty agreements, or outright sales of its exploration projects. Additionally, the company may raise capital through equity financing, which supports its exploration activities and operational expenses. Significant factors contributing to its earnings include successful exploration outcomes, favorable commodity market conditions, and strategic partnerships with industry players.

Errawarra Resources Ltd. Financial Statement Overview

Summary
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Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
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Errawarra Resources Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.25
Price Trends
50DMA
0.18
Positive
100DMA
0.19
Positive
200DMA
0.14
Positive
Market Momentum
MACD
0.02
Negative
RSI
62.02
Neutral
STOCH
58.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WCE, the sentiment is Positive. The current price of 0.25 is above the 20-day moving average (MA) of 0.21, above the 50-day MA of 0.18, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 62.02 is Neutral, neither overbought nor oversold. The STOCH value of 58.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WCE.

Errawarra Resources 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%
54
Neutral
AU$40.51M-333.33-0.34%-100.38%
52
Neutral
AU$66.96M-11.25-19.61%42.65%
50
Neutral
AU$62.85M100.004.75%
47
Neutral
AU$67.02M-19.23-15.05%76.36%
34
Underperform
AU$87.68M-4.84-440.50%-61.06%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:WCE
Errawarra Resources Ltd.
0.25
0.19
316.67%
AU:VMC
Venus Metals Corporation Limited
0.20
0.13
198.51%
AU:BCA
Black Canyon Limited
0.38
0.31
420.55%
AU:COD
Coda Minerals Ltd
0.18
0.09
100.00%
AU:SHN
Sunshine Gold Ltd
0.03
0.02
150.00%

Errawarra Resources Ltd. Corporate Events

West Coast Silver Raises A$500,000 to Drive 2026 Exploration at High-Grade Elizabeth Hill Project
Dec 29, 2025

West Coast Silver Limited has secured approximately A$500,000 in new funding through the exercise of unlisted options priced at $0.155 each, with proceeds to be directed to working capital and to advancing its 2026 drilling and exploration program across its core projects. The capital injection underpins continued momentum at the high‑grade Elizabeth Hill silver project, where past production from limited tonnage and the recent consolidation of a large, structurally prospective landholding highlight substantial exploration upside and potential future value creation for shareholders.

West Coast Silver Issues New Shares on Option Exercise and Lodges Cleansing Notice
Dec 29, 2025

West Coast Silver Limited has issued 3,224,858 fully paid ordinary shares following the exercise of options, as recorded in an Appendix 2A lodged with the ASX on 29 December 2025. By lodging a cleansing notice under section 708A(5)(e) of the Corporations Act, the company confirms these shares were issued without a prospectus, that it is compliant with its financial reporting and continuous disclosure obligations, and that there is no excluded information requiring disclosure, thereby enabling secondary trading of the new shares without further disclosure.

West Coast Silver Seeks ASX Quotation for 3.2 Million New Shares
Dec 29, 2025

West Coast Silver Limited has applied to the ASX for quotation of 3,224,858 new ordinary fully paid shares under its issuer code WCE, with an issue date of 29 December 2025. The additional share quotation will increase the company’s free float and could enhance liquidity for shareholders, representing a capital structure adjustment that may support future corporate or financing activities.

West Coast Silver Hails Breakthrough Year at Elizabeth Hill as District-Scale Potential Emerges
Dec 21, 2025

West Coast Silver has declared 2025 a defining year after executing one of its most intensive exploration campaigns at the Elizabeth Hill Project, with 25 diamond drill holes and a 76‑hole aircore program underpinning a shift from merely confirming historical mineralisation to targeting district‑scale discovery. High‑grade silver intercepts, visible native silver above and below historic workings, and multiple new near‑mine and regional targets suggest the mineralised system is larger and more continuous than previously understood, giving the board confidence that a meaningful Mineral Resource and a transition toward silver developer status are realistic goals; heading into 2026, the company plans a structured program of further assays, refined targeting and follow‑up drilling to capitalise on a strong silver price environment and renewed investor interest in quality silver assets.

West Coast Silver Completes Promising Aircore Program at Elizabeth Hill
Dec 17, 2025

West Coast Silver Limited has completed its 2025 aircore drilling program at the Elizabeth Hill Silver Project, with 76 holes drilled and strong geological indicators confirming prospects for high-grade silver mineralization. This marks the third successful drilling campaign of the year, positioning the company well for its 2026 exploration program aimed at uncovering new significant silver deposits and advancing its operational focus.

Artemis Resources and West Coast Silver Explore Processing Collaboration
Dec 3, 2025

Artemis Resources Limited, a company involved in mining operations, has entered into a non-binding Memorandum of Understanding with West Coast Silver Limited to explore the potential for processing material from West Coast’s Elizabeth Hill Silver Mine at Artemis’ Radio Hill Processing Plant. This collaboration aims to evaluate the feasibility and economic viability of using the Radio Hill facility for processing, with both companies exchanging technical and logistical information to support the assessment. The MOU does not create any binding commercial obligations, and any future agreements will depend on a successful technical and commercial evaluation.

West Coast Silver and Artemis Resources Explore Processing Collaboration
Dec 3, 2025

West Coast Silver Limited and Artemis Resources have signed a non-binding Memorandum of Understanding to explore the feasibility of processing material from the Elizabeth Hill Silver Mine at Artemis’ Radio Hill Processing Plant. This collaboration aims to assess the technical and economic viability of such an arrangement, with both companies exchanging relevant data and conducting joint assessments. The agreement is non-binding and does not impose financial obligations until a definitive agreement is reached, potentially impacting the development strategy for West Coast Silver and offering Artemis an opportunity to support a high-grade silver project.

West Coast Silver Uncovers Promising Silver Mineralization at Elizabeth Hill
Nov 23, 2025

West Coast Silver Limited, a company focused on silver exploration, has announced promising results from its Phase 2 diamond drilling program at the Elizabeth Hill Project in Western Australia’s Pilbara region. The drilling has revealed additional silver mineralization, with native silver observed near the surface and indications of a larger mineral system extending below historical mine workings. The findings suggest a potentially broader and more vertically extensive silver system than previously thought, with further exploration efforts underway to test for extensions of the mineralization.

Errawarra Resources Ltd. Director Acquires Additional Performance Rights
Nov 20, 2025

Errawarra Resources Ltd. announced a change in the interests of its director, Bruce Garlick, involving the acquisition of 2,000,000 performance rights. This change was approved at the company’s Annual General Meeting on November 20, 2025. The adjustment in director’s interests reflects a strategic decision to align executive incentives with company performance, potentially impacting stakeholder perceptions and the company’s governance practices.

West Coast Silver Limited Issues New Unquoted Equity Securities
Nov 20, 2025

West Coast Silver Limited has announced the issuance of unquoted equity securities, including 1.5 million options expiring in November 2028 and 2 million performance rights, also expiring in November 2028. This move is part of previously announced transactions and reflects the company’s strategic efforts to enhance its financial structure and incentivize stakeholders, potentially impacting its market positioning and operational capabilities.

West Coast Silver Limited AGM: All Board Resolutions Passed
Nov 20, 2025

West Coast Silver Limited, a company listed on the ASX under the ticker WCE, held its Annual General Meeting on November 20, 2025. All board-approved resolutions presented at the meeting were passed by poll, including the adoption of the remuneration report, the election and re-election of directors, and the approval of options and performance rights for key personnel. Notably, a resolution for the election of Stephen David Mayne, who was not board-endorsed, was not carried. These outcomes reflect strong support for the current board and its strategic decisions, maintaining stability in the company’s governance structure.

West Coast Silver to Release Escrowed Shares Amid Strategic Expansion
Nov 16, 2025

West Coast Silver Limited has announced the release of 12,990,741 fully paid ordinary shares from voluntary escrow on 21 November 2025, as per Listing Rule 3.10A. These shares are part of the company’s acquisition of the Elizabeth Hill Silver Project. The release of these shares may impact the company’s stock liquidity and market perception, as it reflects ongoing developments in their strategic projects.

West Coast Silver Launches Aircore Drilling at Elizabeth Hill
Nov 12, 2025

West Coast Silver Limited, listed on the ASX under the ticker WCE, has initiated a 2,500-meter aircore drilling program at the Elizabeth Hill Silver Project. This program is designed to explore potential extensions of the silver system around the historic mine and along the eastern Munni Munni margin. The initiative follows the completion of a Phase 2 diamond drilling campaign that intersected visible native silver, with assays pending. The aircore program aims to confirm structural and stratigraphic controls using drone magnetics and geoscientific data, and to identify zones of anomalous silver for further exploration. This effort is part of the company’s strategy to enhance resource growth by adding ounces and grade near existing mine infrastructure.

Errawarra Resources Unveils Updates on Elizabeth Hill Silver Project
Nov 10, 2025

Errawarra Resources Ltd. has announced developments related to the Elizabeth Hill Silver Project, which is recognized as the highest grade silver mine in Australia. The announcement includes insights into the company’s exploration results, reviewed by competent persons, and emphasizes the importance of laboratory analyses over visual estimates for accurate mineral valuation. The company cautions investors about the uncertainties and risks associated with forward-looking statements and highlights that the performance of West Coast Silver Ltd., a related entity, may be influenced by factors beyond its control.

West Coast Silver Reports Promising Drilling Results at Elizabeth Hill
Nov 4, 2025

West Coast Silver Limited announced successful drilling results at the Elizabeth Hill Silver Project, with native silver and silver-bearing minerals identified in four out of five initial drill holes. The discovery of shallow visual native silver validates the company’s confidence in the near-surface potential of the project, potentially enhancing its market position and offering promising implications for stakeholders.

West Coast Silver Limited Announces Proposed Securities Issue
Nov 4, 2025

West Coast Silver Limited has announced a proposed issue of 344,000 ordinary fully paid securities, with the issue date set for September 30, 2026. This move is part of a placement or other type of issue, and the company has applied for the quotation of these securities on the ASX, which could potentially enhance its market presence and provide additional capital for its operations.

West Coast Silver Reports High-Grade Silver Finds at Elizabeth Hill
Oct 28, 2025

West Coast Silver Limited reported exceptional results from its inaugural drilling campaign at the Elizabeth Hill Silver Project, with significant high-grade silver intercepts. The company has commenced a new phase of diamond drilling to explore further potential and is planning an air core program to target high-priority areas. The company also completed a $6.125 million capital raising, positioning itself to advance exploration efforts and potentially enhance its market position in the silver mining sector.

West Coast Silver Strengthens Technical Advisory Board with Key Appointments
Oct 28, 2025

West Coast Silver Limited has appointed David Lewis and Ian Stockton to its newly formed Technical Advisory Board to enhance its exploration capabilities at the Elizabeth Hill project. These appointments are expected to strengthen the company’s structural targeting and discovery efforts, potentially accelerating discoveries in the Munni Munni corridor, thereby improving its industry positioning and stakeholder value.

West Coast Silver Limited Announces Cessation of Securities
Oct 22, 2025

West Coast Silver Limited has announced the cessation of certain securities, specifically 1,250,000 options that were set to expire on May 18, 2028. These options have lapsed due to the conditions for their exercise not being met or becoming incapable of being satisfied, which may impact the company’s capital structure and investor relations.

West Coast Silver Limited Announces Key Resolutions for Upcoming AGM
Oct 17, 2025

West Coast Silver Limited has announced its upcoming Annual General Meeting, scheduled for November 20, 2025, where shareholders will consider several key resolutions. These include the adoption of the remuneration report, the election and re-election of directors Matthew Birney and Thomas Reddicliffe, and the approval of options and performance rights issuance to key personnel. These decisions are crucial for the company’s governance and future strategic direction.

West Coast Silver Limited Announces Proposed Securities Issue
Oct 17, 2025

West Coast Silver Limited announced a proposed issue of securities, including 1.5 million options expiring in November 2028 and 2 million performance rights, also expiring in November 2028. This move is part of their strategy to raise capital and potentially enhance their market positioning by increasing liquidity and attracting investor interest.

West Coast Silver Issues 3 Million New Shares
Oct 16, 2025

West Coast Silver Limited has announced the issuance of 3,000,000 fully paid ordinary shares following the exercise of options. This move, conducted without disclosure under Part 6D.2 of the Corporations Act, falls under the exemption provided by section 708A(5). The company confirms compliance with relevant provisions of the Corporations Act, ensuring transparency and adherence to regulatory requirements.

West Coast Silver Limited Issues 3 Million New Securities
Oct 16, 2025

West Coast Silver Limited has announced the issuance of 3,000,000 ordinary fully paid securities, which will be quoted on the ASX as of October 16, 2025. This move is part of the company’s strategy to strengthen its financial position and potentially expand its operations, reflecting a significant step in its growth trajectory.

West Coast Silver Begins Phase 2 Drilling at Elizabeth Hill
Oct 14, 2025

West Coast Silver Limited has commenced Phase 2 of its diamond drilling program at the Elizabeth Hill Silver Project in Pilbara, Western Australia. This phase aims to confirm and define shallow high-grade silver near historical workings and explore potential deeper mineralization. The drilling program, consisting of approximately 14 diamond drill holes, is part of the company’s strategy to build on previous successful results and refine targets for future exploration. The completion of geophysical surveys will aid in the refinement of an upcoming aircore program, indicating a proactive approach to resource development.

Errawarra Resources Unveils Massive Silver Nugget Discovery at Elizabeth Hill
Oct 14, 2025

Errawarra Resources Ltd. is involved in the exploration and development of mineral resources, focusing on high-grade silver projects in Australia. The company is known for its Elizabeth Hill Silver Project, which is one of the highest-grade silver projects in the country. Recently, the company announced the discovery of ‘The Karratha Queen,’ a 145kg native silver nugget found at the Elizabeth Hill site, which is now on display at The Perth Mint. This significant find underscores the potential of the Elizabeth Hill Silver Project and could enhance the company’s standing in the mining industry.

West Coast Silver Limited Announces AGM and Highlights Elizabeth Hill Project Potential
Oct 1, 2025

West Coast Silver Limited has announced its Annual General Meeting (AGM) will be held on November 20, 2025, where the election and appointment of directors will be a key agenda item. The company is also focusing on its Elizabeth Hill Project, which has a proven history of high-grade silver production and potential for further exploration and growth, particularly with the consolidation of surrounding land packages.

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: May 02, 2025