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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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 200.00K | 200.00K | 229.37K | 3.05M | 0.00 | 10.00K |
| Gross Profit | 191.47K | 191.47K | 229.37K | 3.05M | -1.24K | 10.00K |
| EBITDA | -13.84M | -13.83M | -5.13M | -2.46M | -1.61M | -2.80M |
| Net Income | -13.84M | -13.84M | -13.51M | 3.16M | -2.07M | -2.01M |
Balance Sheet | ||||||
| Total Assets | 17.95M | 17.95M | 5.57M | 12.28M | 4.11M | 3.36M |
| Cash, Cash Equivalents and Short-Term Investments | 14.51M | 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 | 7.50M | 7.50M | 310.40K | 1.07M | 162.26K | 211.60K |
| Stockholders Equity | 10.46M | 10.46M | 5.26M | 11.22M | 3.95M | 3.15M |
Cash Flow | ||||||
| Free Cash Flow | -8.25M | -8.05M | -4.82M | -2.04M | -1.83M | -2.19M |
| Operating Cash Flow | -8.03M | -8.03M | -4.75M | -1.95M | -1.62M | -1.70M |
| Investing Cash Flow | 689.19K | 689.19K | 385.42K | 294.30K | -125.94K | 902.61K |
| Financing Cash Flow | 19.01M | 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% | |
55 Neutral | AU$214.31M | -42.28 | -6.79% | ― | ― | 19.94% | |
49 Neutral | AU$117.51M | -20.00 | -13.15% | ― | ― | 3.85% | |
47 Neutral | AU$43.61M | -2.30 | -180.34% | ― | -12.81% | 24.49% | |
47 Neutral | AU$67.34M | -7.39 | -42.43% | ― | 307.85% | -133.82% | |
46 Neutral | AU$319.64M | -56.92 | -8.41% | ― | ― | -85.71% | |
44 Neutral | AU$42.87M | -5.92 | -59.63% | ― | ― | -39.53% |
White Cliff Minerals Limited Corporate Events
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.
White Cliff Minerals Limited has announced the results of a 2025 airborne electromagnetic survey at the Danvers site, part of the Rae Copper Project in Canada. The survey identified multiple high-priority copper targets across the 10km Teshierpi Fault Zone, significantly expanding the exploration footprint. The findings suggest a potentially larger mineralized system than previously recognized, with new high-grade copper and silver samples reinforcing the project’s grade potential. The company plans to commence follow-up drilling in early 2026, aiming to capitalize on the newly identified mineralization signatures.
White Cliff Minerals Limited has announced the quotation of 19,930,959 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of a previously announced transaction. This move is expected to enhance the company’s financial flexibility and potentially improve its market standing, offering stakeholders an opportunity to engage with the company’s growth initiatives.
White Cliff Minerals Limited announced a change in the director’s interest, with Eric Sondergaard acquiring an additional 1,341,140 ordinary shares. This acquisition, approved at the company’s AGM, reflects a strategic move to align director interests with shareholder value, potentially impacting the company’s market positioning and stakeholder confidence.
White Cliff Minerals Limited has announced a change in the director’s interest, specifically regarding Troy Whittaker. The company has issued 2,514,637 ordinary shares as a short-term incentive following shareholder approval at the AGM, increasing Whittaker’s total holdings. This move reflects the company’s commitment to aligning management interests with shareholder value, potentially impacting investor confidence and market perception.
White Cliff Minerals Limited has announced a change in the director’s interest, specifically involving Rod McIllree. The company has issued 2,011,710 ordinary shares as short-term incentive shares following shareholder approval at the Annual General Meeting. This change increases McIllree’s holdings to 142,923,720 ordinary shares, reflecting the company’s commitment to aligning director incentives with shareholder interests.
White Cliff Minerals Limited has issued 7,772,738 ordinary shares to its directors and employees as short-term incentive securities, following approval by shareholders at the Annual General Meeting. This strategic move is part of the company’s compliance with the Corporations Act 2001, ensuring transparency and adherence to regulatory standards, which may impact its operational dynamics and stakeholder relations.
White Cliff Minerals Limited has announced the application for the quotation of 7,772,738 ordinary fully paid securities on the Australian Securities Exchange (ASX), with the issue date marked as November 26, 2025. This move is part of the company’s strategic efforts to enhance its financial standing and operational capacity, potentially impacting its market positioning and offering new opportunities for stakeholders.
White Cliff Minerals Limited announced promising assay results from its maiden diamond drilling campaign at the Stark and Hulk prospects within the Rae Copper Project in Nunavut, Canada. The results confirmed the presence of a significant copper mineralising system, with notable copper grades and a highly fertile geological setting. The company plans to continue exploration with a Spring 2026 drilling program, aiming to expand its understanding of the mineralisation and enhance its strategic positioning in the copper exploration sector.
White Cliff Minerals Limited held its Annual General Meeting, where all resolutions, including the remuneration report, re-election of a director, and various approvals for securities issuance, were successfully passed. The approval of these resolutions indicates strong shareholder support and positions the company for continued strategic growth and operational development.
White Cliff Minerals Limited has completed the digitisation of historic data for the Danvers 1 Project at the Rae Copper Project in Nunavut, Canada. This process has significantly increased the mineralised strike length to over 950 meters and confirmed continuity beyond 400 meters depth, enhancing the project’s scale and geological confidence. The findings suggest a high-grade copper system with substantial upside potential, positioning Danvers as a flagship growth asset for the company. The digitisation, alongside aerial survey data, indicates a potential 4 km long mineralised structure, which will guide future drilling campaigns and support the delivery of a maiden JORC resource in 2026.
White Cliff Minerals Limited has announced a proposed issue of 18,115,942 fully paid ordinary securities, with a scheduled issue date of May 8, 2026. This strategic move is likely aimed at raising capital to support the company’s operations and growth initiatives, potentially enhancing its market position and offering new opportunities for stakeholders.
White Cliff Minerals Limited has strategically acquired the Bornite Lake prospect, known as the Copper Lamb lease, at the Rae Copper Project in Nunavut, Canada. This acquisition consolidates the company’s control over a 50km strike along the Herb Dixon fault, a proven copper conduit, and positions the company to advance a unified exploration strategy across the region. The newly acquired area is adjacent to high-grade copper mineralization zones and enhances the company’s potential for significant copper discoveries, thus strengthening its market position and offering promising opportunities for stakeholders.
White Cliff Minerals Limited has resumed drilling activities at its Rae Copper-Silver Project in Nunavut, Canada, with significant progress made at the Danvers site. The company has discovered new zones of mineralization and confirmed high-grade copper mineralization over a 500-meter strike at Danvers 1. Additionally, the discovery of Danvers 2, located 4 kilometers southwest of Danvers 1, indicates further potential with notable copper and silver grades. The company has also expanded its land holdings by 950 square kilometers, securing new mineral claims and identifying new sedimentary packages with copper occurrences, which could enhance its market position and stakeholder value.