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White Cliff Minerals Limited
(Sydney:WCN)
White Cliff Minerals Limited (WCN) vs. iShares MSCI Australia ETF (EWA)
White Cliff Minerals Limited Business Overview & Revenue Model
White Cliff Minerals Limited Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 200.00K | 229.37K | 3.05M | 0.00 | 10.00K |
| Gross Profit | 191.47K | 229.37K | 3.05M | -1.24K | 10.00K |
| EBITDA | -13.83M | -5.13M | -2.46M | -1.61M | -2.80M |
| Net Income | -13.84M | -13.51M | 3.16M | -2.07M | -2.01M |
Balance Sheet | |||||
| Total Assets | 17.95M | 5.57M | 12.28M | 4.11M | 3.36M |
| Cash, Cash Equivalents and Short-Term Investments | 14.51M | 3.87M | 7.90M | 897.06K | 2.16M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 7.50M | 310.40K | 1.07M | 162.26K | 211.60K |
| Stockholders Equity | 10.46M | 5.26M | 11.22M | 3.95M | 3.15M |
Cash Flow | |||||
| Free Cash Flow | -8.05M | -4.82M | -2.04M | -1.83M | -2.19M |
| Operating Cash Flow | -8.03M | -4.75M | -1.95M | -1.62M | -1.70M |
| Investing Cash Flow | 689.19K | 385.42K | 294.30K | -125.94K | 902.61K |
| Financing Cash Flow | 19.01M | 5.13M | 3.29M | 967.64K | 5.65K |
White Cliff Minerals Limited Technical Analysis
White Cliff Minerals Limited 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% | |
58 Neutral | AU$181.41M | -20.87 | -6.79% | ― | ― | 19.94% | |
47 Neutral | AU$43.74M | -2.97 | -180.34% | ― | -12.81% | 24.49% | |
47 Neutral | AU$117.51M | -12.67 | -13.15% | ― | ― | 3.85% | |
47 Neutral | AU$50.15M | -7.21 | -42.43% | ― | 307.85% | -133.82% | |
46 Neutral | AU$359.13M | -15.38 | -8.41% | ― | ― | -85.71% | |
44 Neutral | AU$41.66M | -5.75 | -59.63% | ― | ― | -39.53% |
White Cliff Minerals Limited Corporate Events
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 relevant Corporations Act provisions and stated it is compliant with its continuous disclosure and financial reporting obligations, with no excluded information requiring disclosure identified at the time of the notice.
The cleansing notice signals that the new shares can be freely traded and underscores White Cliff Minerals’ adherence to Australian corporate and disclosure regulations. For investors, the move represents a technical capital structure adjustment rather than a new capital raise, but it modestly dilutes existing holdings while potentially improving liquidity in the company’s stock.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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 company’s share base and provides incremental capital flexibility, with implications for shareholder dilution and future funding of its exploration programs.
The move signals ongoing corporate activity and continued investor engagement with the company’s projects, as White Cliff leverages its listing to support operational and growth needs. While the filing is largely administrative, the expanded quoted securities position may enhance liquidity in WCN shares and slightly adjust the ownership structure across existing stakeholders.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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 substantial holding of ordinary shares, listed options, performance rights and multiple tranches of unlisted options with various exercise prices and expiry dates.
The filing formalises McIllree’s exit from the board while clarifying the scale and structure of his remaining economic exposure to White Cliff Minerals. This transparency around a departing director’s holdings is intended to inform shareholders and the market about potential future share movements and governance changes, although no immediate alterations to his contractual interests were disclosed.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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 25,000,000 options expired unexercised, reducing the potential future dilution overhanging its issued capital and clarifying the company’s fully diluted share base for investors.
The lapse of conditional performance rights indicates that specific performance or vesting hurdles were not achieved or became impossible to satisfy. The expiry of out-of-the-money options similarly removes a class of convertible securities from the register, simplifying the company’s capital position and potentially marginally improving per-share metrics for existing shareholders over time.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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 million performance rights, vesting in three equal tranches after 12, 24 and 36 months of service, signalling a long-term alignment of director incentives with the company’s ongoing performance and governance stability.
The structured vesting schedule underscores the board’s focus on retention and continuity in senior leadership at a time when governance and incentive alignment are increasingly scrutinised in the resources sector. While the notice does not detail her shareholdings at appointment, the performance-rights package reinforces a performance-linked compensation framework that may influence board dynamics and strategic oversight over the next three years.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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. Rezos brings a track record of raising over US$1.8 billion and scaling ventures to ASX300 size, while Kelly contributes more than two decades of corporate legal and capital markets expertise across resources and energy.
The board transition also delivers more than $300,000 a year in cost savings through converting the chair role to non-executive and reducing advisory fees from Astrotricha Capital, aligning costs with the company’s growth stage. These changes are intended to support White Cliff’s push to unlock the potential of its high-grade Rae copper project in Canada, which the company views as a prospective emerging critical minerals province backed by substantial planned infrastructure investment.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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 of the share consideration will be distributed in specie to existing White Cliff shareholders, while proceeds are earmarked to strengthen the balance sheet and fund drilling at the flagship Rae Project.
As part of a broader strategic reset, the company has appointed Gavin Rezos as non-executive chair and Sara Kelly as non-executive director, with outgoing director Roderick McIllree moving to an executive role at Great Bear Exploration. Kelly is also set to receive time-based performance rights subject to shareholder approval, aligning new board incentives with the company’s next phase of growth and project execution.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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 operating assumptions and noting that its plans and objectives are subject to significant risks and uncertainties, underlining the early-stage and inherently speculative nature of its exploration activities.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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 and 20g/t silver from 12m within a broader 30.5m at 2.5% copper. Additional drilling at Danvers has extended the known mineralised footprint by roughly 35% beyond the historic, non-compliant resource envelope, while airborne EM surveys have identified multiple high-priority copper targets along the 10km Teshierpi Fault Zone, underscoring significant regional growth potential. At the Stark and Hulk targets, the company is defining an emerging sediment-hosted copper system, with diamond drilling intersecting both sedimentary and structurally controlled mineralisation and confirming continuous strike over 1.75km, positioning White Cliff to commence targeted follow-up drilling in early 2026 and potentially enhance its copper-silver resource base and exploration upside.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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 the Corporations Act disclosure exemptions, and stated it is fully compliant with its financial reporting and continuous disclosure obligations, with no excluded information requiring disclosure, reinforcing regulatory transparency for investors.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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, arising from the exercise or conversion of existing options or other convertible securities, will modestly expand the company’s listed capital base and may provide incremental funding flexibility and liquidity for shareholders, though it represents a relatively small issuance in the context of typical market capitalisations in the mining exploration space.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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 a prospectus under the Corporations Act disclosure exemptions and stated it remains compliant with its financial reporting and continuous disclosure obligations, indicating no undisclosed price-sensitive information at the time of the issue.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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 or other convertible securities, will expand the company’s quoted share capital and may modestly increase liquidity for shareholders once trading commences.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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 Corporations Act provisions and stated it remains compliant with its continuous disclosure and financial reporting obligations, with no undisclosed price-sensitive information, aiming to reassure investors about regulatory adherence and transparency around the capital change.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
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 options or other convertible securities, modestly expanding the company’s quoted share capital and potentially affecting shareholder dilution and trading liquidity once admitted to quotation.
The most recent analyst rating on (AU:WCN) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on White Cliff Minerals Limited stock, see the AU:WCN Stock Forecast page.
White Cliff Minerals Limited has issued 5,000,000 new ordinary shares following the conversion of an equivalent number of WCNO securities, modestly expanding its share capital base. The company confirmed that the shares were issued without the need for a prospectus under the Corporations Act and stated it is fully compliant with its continuous disclosure and financial reporting obligations, with no excluded information requiring disclosure, signalling adherence to regulatory standards for existing and prospective investors.
White Cliff Minerals Limited has applied to the ASX for quotation of 5 million new fully paid ordinary shares under its existing issuer code WCN. The shares are being issued following the exercise or conversion of options or other convertible securities, modestly expanding the company’s quoted capital base and potentially providing additional funding flexibility for its ongoing activities.
White Cliff Minerals Limited has issued 7,500,000 new ordinary shares following the conversion of an equivalent number of WCNO securities, expanding its share base without undertaking a formal disclosure under Part 6D.2 of the Corporations Act. The company confirmed it remains compliant with its continuous disclosure and financial reporting obligations and stated there is no excluded information requiring disclosure, signalling that the capital management action is procedural and in line with regulatory requirements for existing stakeholders.
White Cliff Minerals Limited has applied to the ASX for quotation of 7,500,000 new fully paid ordinary shares, following the exercise or conversion of options or other convertible securities. The additional securities, issued on 19 December 2025, will expand the company’s quoted share capital, potentially enhancing liquidity for investors and reflecting ongoing capital structuring activities to support its resource exploration and development objectives.
White Cliff Minerals Limited has announced significant findings from its Rae Copper Project in Nunavut, Canada, where drilling assays and geophysical surveys have identified over 1.75 kilometers of copper mineralization within sedimentary structures. The results, which include a high tenor anomaly and expanded mineralization zones, suggest a promising potential for copper extraction in the region. These developments are likely to enhance the company’s operational capabilities and market positioning within the mineral exploration industry.
White Cliff Minerals Limited has announced a change in the director’s interest, with John Hancock acquiring an additional 3,000,000 ordinary shares through an on-market purchase. This acquisition increases his total holding to 174,378,224 ordinary shares, reflecting a strategic move that may indicate confidence in the company’s future prospects and potentially impact shareholder perceptions.
White Cliff Minerals Limited announced a change in the director’s interest, with Eric Sondergaard acquiring 13,497,923 ordinary shares, increasing his total to 88,329,852 shares. This acquisition, approved at the AGM, reflects a strategic move to align the director’s interests with the company’s long-term goals, potentially strengthening stakeholder confidence.
White Cliff Minerals Limited announced a change in the director’s interest, with Rod McIllree acquiring an additional 16,872,404 ordinary shares, increasing his total to 159,796,124 shares. This acquisition, approved at the Annual General Meeting, reflects the company’s strategy to align management interests with long-term shareholder value, potentially impacting its market positioning and stakeholder confidence.
White Cliff Minerals Limited has announced a change in the director’s interest, with Troy Whittaker acquiring 21,090,505 ordinary shares. This acquisition was part of a long-term incentive plan approved by shareholders, reflecting the company’s strategy to align management interests with shareholder value and potentially impacting the company’s market positioning positively.
White Cliff Minerals Limited has issued 56,254,689 ordinary shares to directors and employees as long-term incentive securities, following shareholder approval at the Annual General Meeting. This move, compliant with the Corporations Act 2001, aims to align the interests of the company’s leadership with its long-term strategic goals, potentially impacting its operational focus and stakeholder confidence.
White Cliff Minerals Limited has announced the quotation of 56,254,689 ordinary fully paid securities on the Australian Securities Exchange (ASX), with an issue date of December 3, 2025. This move is part of the company’s strategic efforts to enhance its capital structure and market presence, potentially impacting its operational capabilities and investor relations positively.