White Cliff Minerals Limited (AU:WCN)
ASX:WCN
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White Cliff Minerals Limited
(Sydney:WCN)
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Select Model
Rating:42Neutral
Price Target:
AU$0.01
â–²(30.00% Upside)
Action:ReiteratedDate:03/27/26
The score is driven primarily by weak financial performance (volatile minimal revenue, sizeable losses, and persistent cash burn), reinforced by bearish technicals (price below key moving averages with negative MACD). A debt-free balance sheet and improved equity provide some offset, but valuation is difficult to justify with negative earnings and no dividend support.
Positive Factors
Debt-free balance sheet
A debt-free capital structure materially reduces solvency and interest-rate risk for an exploration company. Over the next 2–6 months this preserves optionality to fund programs via equity or JV terms rather than servicing debt, supporting continuity of exploration activity.
Negative Factors
Persistent negative cash flow
Consistent operating and free cash flow deficits erode runway and force reliance on external capital. Over months this elevates dilution and financing risk, constrains continuous exploration programs, and limits capacity to follow up on discoveries without new funding or partner agreements.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A debt-free capital structure materially reduces solvency and interest-rate risk for an exploration company. Over the next 2–6 months this preserves optionality to fund programs via equity or JV terms rather than servicing debt, supporting continuity of exploration activity.
Read all positive factors
White Cliff Minerals Limited (WCN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$33.45M
Dividend YieldN/A
Average Volume (3M)9.60M
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue Growth-12.81%
EPS Growth24.49%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,573,200,400
10 Day Avg. Volume14,568,244
30 Day Avg. Volume9,603,234
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)3.94
Price to Sales (P/S)205.77
P/FCF Ratio-5.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.05Price Target Upside399.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
White Cliff Minerals Limited Business Overview & Revenue Model
Company Description
White Cliff Minerals Limited engages in the exploration and development of mineral properties in Australia. It explores for gold, lithium, rare earth elements (REE), copper, nickel, and cobalt minerals. The company holds 100% interests in the Abra...
How the Company Makes Money
null...
White Cliff Minerals Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 217.73K | 200.00K | 229.37K | 3.05M | 0.00 | 10.00K |
| Gross Profit | 207.03K | 191.47K | 229.37K | 3.05M | -1.24K | 10.00K |
| EBITDA | -25.43M | -13.83M | -5.13M | -2.46M | -1.61M | -2.80M |
| Net Income | -22.79M | -13.84M | -13.51M | 3.16M | -2.07M | -2.01M |
Balance Sheet | ||||||
| Total Assets | 8.34M | 17.95M | 5.57M | 12.28M | 4.11M | 3.36M |
| Cash, Cash Equivalents and Short-Term Investments | 5.86M | 14.51M | 3.87M | 7.90M | 897.06K | 2.16M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.72M | 7.50M | 310.40K | 1.07M | 162.26K | 211.60K |
| Stockholders Equity | 4.62M | 10.46M | 5.26M | 11.22M | 3.95M | 3.15M |
Cash Flow | ||||||
| Free Cash Flow | -14.93M | -8.05M | -4.82M | -2.04M | -1.83M | -2.19M |
| Operating Cash Flow | -14.92M | -8.03M | -4.75M | -1.95M | -1.62M | -1.70M |
| Investing Cash Flow | 1.78M | 689.19K | 385.42K | 294.30K | -125.94K | 902.61K |
| Financing Cash Flow | 14.53M | 19.01M | 5.13M | 3.29M | 967.64K | 5.65K |
White Cliff Minerals Limited Technical Analysis
Negative
0.01
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Positive
37.09
Neutral
26.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WCN, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.09 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WCN.
White Cliff Minerals Limited Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
49 Neutral | AU$153.84M | -20.64 | -6.79% | ― | ― | 19.94% | |
46 Neutral | AU$96.36M | -8.13 | -13.28% | ― | ― | 3.85% | |
42 Neutral | AU$33.45M | -0.74 | -302.41% | ― | -12.81% | 24.49% | |
42 Neutral | AU$42.99M | -2.60 | -50.09% | ― | 307.85% | -133.82% | |
42 Neutral | AU$28.98M | -3.61 | -49.57% | ― | ― | -39.53% | |
40 Underperform | AU$265.13M | -21.67 | -9.73% | ― | ― | -85.71% |
* Basic Materials Sector Average
AU:WCN
White Cliff Minerals Limited
0.01
>-0.01
-23.53%
AU:NXM
Nexus Minerals Ltd.
0.05
-0.02
-30.43%
AU:TSO
Tesoro Gold
0.87
0.42
92.22%
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Tanami Gold NL
0.08
0.05
173.33%
AU:WWI
West Wits Mining Limited
0.06
0.04
258.82%
AU:VTX
Vertex Minerals Ltd.
0.15
-0.12
-44.44%
White Cliff Minerals Limited Corporate Events
White Cliff Minerals Flags Material Copper Discovery in New Corporate Presentation
Mar 22, 2026
White Cliff Minerals has released a corporate presentation outlining its efforts to advance what it describes as a material copper discovery. The document emphasises the strategic importance of this find for the company’s growth ambitions an...
White Cliff restarts drilling at Rae as high-grade copper system takes shape
Mar 22, 2026
White Cliff Minerals has restarted field operations at its Rae Copper Project in Nunavut, with its partner Aurora Geosciences mobilising drilling consumables and camp supplies to site. Reverse circulation drilling at the Danvers prospect is set to...
White Cliff Minerals Files Interim Half-Year Financial Report
Mar 16, 2026
White Cliff Minerals Limited has released its half-year report for the period ended 31 December 2025, outlining the company’s condensed consolidated financial statements and related disclosures. The document includes the directors’ rep...
White Cliff readies major 2026 drilling push at Rae copper project
Mar 8, 2026
White Cliff Minerals has outlined its 2026 drilling campaign at the Rae Copper Project in Nunavut, aiming to significantly expand known high-grade copper mineralisation. The program will focus on extending the Danvers deposit along more than 8km o...
White Cliff Minerals Issues 7.9 Million Shares on WCNO Conversion
Mar 4, 2026
White Cliff Minerals has issued 7,900,000 new ordinary shares following the conversion of an equivalent amount of WCNO securities, increasing its share capital base. The company confirmed that the shares were issued without a prospectus under rele...
White Cliff Minerals to List 7.9 Million New Shares on ASX
Mar 4, 2026
White Cliff Minerals has applied for quotation of 7.9 million new ordinary fully paid shares on the ASX following the exercise of options or conversion of other securities. The additional stock, issued on 3 March 2026, modestly increases the compa...
White Cliff Minerals Details Final Interests of Departing Director
Mar 3, 2026
White Cliff Minerals Limited has announced that director Rod McIllree ceased to be a director on 28 February 2026. In connection with his departure, the company disclosed his final interests in the company’s securities, including a substanti...
White Cliff Minerals Cuts Potential Dilution as Rights Lapse and Options Expire
Mar 3, 2026
White Cliff Minerals has updated the market on changes to its capital structure, confirming the cessation of a large tranche of equity-linked instruments. A total of 125,000,000 performance rights lapsed after conditions were not met, while 25,000...
White Cliff Minerals Appoints Sara Kelly as Director With Long-Term Incentive Package
Mar 1, 2026
White Cliff Minerals Limited has appointed Sara Kelly as a director effective 1 March 2026, formalising her role through an employment contract that includes incentive-based remuneration. As part of this arrangement, Kelly is eligible for up to 9 ...
White Cliff overhauls board, cuts costs to drive Canadian copper push
Mar 1, 2026
White Cliff Minerals has strengthened its board with the appointment of Gavin Rezos as Non-Executive Chair and Sara Kelly as Non-Executive Director, adding significant capital markets, governance and international resources sector experience. Rezo...
White Cliff Sells Great Bear Project for A$5.8m and Reshapes Board for Rae Focus
Feb 23, 2026
White Cliff Minerals has agreed to sell 100% of its Great Bear copper-gold-silver-uranium project in Canada to Hydrocarbon Dynamics for A$5.8 million in cash and shares, retaining a 9.9% stake in the renamed Great Bear Exploration. A large portion...
White Cliff Minerals Outlines Strategy to Advance Copper Discovery
Feb 9, 2026
White Cliff Minerals has released a corporate presentation outlining its strategy to advance what it describes as a material copper discovery. The document is framed primarily as an investor-focused update, highlighting current economic and operat...
White Cliff Minerals Expands High-Grade Copper Footprint at Rae Project With New Danvers Discovery
Jan 27, 2026
White Cliff Minerals has reported a strong December 2025 quarter at its Rae Copper-Silver Project, highlighted by the discovery of the Danvers 2 zone, more than 4km southwest of Danvers 1, with standout drill results including 15m at 4.8% copper a...
White Cliff Minerals Expands Share Capital Through Conversion of Securities
Jan 16, 2026
White Cliff Minerals Limited has issued 5,000,000 new fully paid ordinary shares following the conversion of existing WCNO securities, expanding its share capital base. The company confirmed that the shares were issued without a prospectus under t...
White Cliff Minerals Seeks ASX Quotation for 5 Million New Shares
Jan 16, 2026
White Cliff Minerals Limited has lodged an application with the ASX for quotation of 5,000,000 new ordinary fully paid shares, to be issued on 16 January 2026 under the company’s existing securities framework. The additional share quotation,...
White Cliff Minerals Issues New Shares Following WCNO Conversion
Jan 6, 2026
White Cliff Minerals Limited has issued 5,446,750 new ordinary shares following the conversion of an equivalent number of WCNO securities, slightly increasing its share capital base. The company confirmed that the share issue was conducted without...
White Cliff Minerals Seeks ASX Quotation for 5.4 Million New Shares
Jan 6, 2026
White Cliff Minerals Limited has applied to the ASX for quotation of 5,446,750 new fully paid ordinary shares under its existing code WCN. The additional securities, issued on 6 January 2026 following the exercise or conversion of existing options...
White Cliff Minerals Issues 10 Million Shares on WCNO Conversion
Dec 30, 2025
White Cliff Minerals has issued 10 million new ordinary shares following the conversion of 10 million WCNO securities, modestly expanding its share capital base. The company confirmed the shares were issued without a prospectus under Australian Co...
White Cliff Minerals Seeks ASX Quotation for 10 Million New Shares
Dec 30, 2025
White Cliff Minerals Limited has applied to the ASX for quotation of 10 million new ordinary fully paid shares, to be traded under its existing ticker WCN. The issuance, dated 30 December 2025, reflects the conversion or exercise of existing optio...
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.