WIA Gold Limited (AU:WIA)
ASX:WIA
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WIA Gold Limited
(Sydney:WIA)
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Rating:55Neutral
Price Target:
AU$0.50
▲(0.40% Upside)
Action:ReiteratedDate:03/03/26
The score is held back primarily by weak financial performance (pre-revenue, widening losses, and ongoing cash burn), partially offset by strong technical momentum (price above major moving averages with positive MACD). Valuation is also constrained by negative earnings and no dividend yield data.
Positive Factors
Low Leverage
A debt-free balance sheet materially lowers solvency risk for an exploration company that routinely needs capital infusions. This structural strength preserves flexibility to raise equity or negotiate farm-ins without existing creditor constraints, improving long-term optionality.
Negative Factors
Pre-Revenue Operations
Absence of operating revenue is a fundamental constraint: the company relies on capital markets, asset sales, or partners for funding rather than internally generated cash. This structural model exposes shareholders to execution risk and periodic dilution until production or monetisation occurs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A debt-free balance sheet materially lowers solvency risk for an exploration company that routinely needs capital infusions. This structural strength preserves flexibility to raise equity or negotiate farm-ins without existing creditor constraints, improving long-term optionality.
Read all positive factors
WIA Gold Limited (WIA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$761.47M
Dividend YieldN/A
Average Volume (3M)1.88M
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue GrowthN/A
EPS Growth-168.42%
CountryAU
Employees26
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,478,574,200
10 Day Avg. Volume1,833,425
30 Day Avg. Volume1,876,415
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)4.24
Price to Sales (P/S)0.00
P/FCF Ratio-465.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$800.00K
WIA Gold Limited Business Overview & Revenue Model
Company Description
WIA Gold Limited engages in the exploration and evaluation of gold, copper, and base metal properties in Namibia and Cote d'lvoire. It primarily focuses on the exploration of the Cote d'lvoire projects, which comprise the Bouaflé, Mankono, and Iss...
How the Company Makes Money
WIA Gold Limited’s ability to generate revenue is primarily tied to the outcomes of its exploration and project development activities rather than ongoing product sales. Potential ways the company may make money include (i) selling or divesting ex...
WIA Gold Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 227.97K |
| Gross Profit | -78.89K | -66.65K | -38.26K | -44.07K | -1.25K | -28.18K |
| EBITDA | -6.33M | -5.28M | -3.58M | -1.48M | -1.35M | -2.14M |
| Net Income | -14.16M | -5.09M | -3.62M | -1.52M | -1.35M | -2.17M |
Balance Sheet | ||||||
| Total Assets | 92.67M | 72.39M | 43.77M | 17.23M | 11.76M | 8.48M |
| Cash, Cash Equivalents and Short-Term Investments | 45.84M | 29.01M | 15.05M | 1.22M | 2.32M | 5.18M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.23M | 1.28M | 1.17M | 278.76K | 204.67K | 192.13K |
| Stockholders Equity | 90.53M | 70.21M | 41.43M | 16.83M | 11.56M | 8.29M |
Cash Flow | ||||||
| Free Cash Flow | -465.63K | -640.47K | -11.92M | -7.17M | -6.37M | -2.41M |
| Operating Cash Flow | -380.56K | -450.11K | -1.32M | -749.53K | -819.80K | -661.58K |
| Investing Cash Flow | -19.88M | -15.29M | -10.74M | -6.52M | -6.26M | -1.74M |
| Financing Cash Flow | 29.16M | 29.65M | 25.90M | 6.16M | 4.31M | 6.97M |
WIA Gold Limited Technical Analysis
Positive
0.50
Price Trends
0.47
Positive
0.46
Positive
0.39
Positive
Market Momentum
>-0.01
Negative
53.87
Neutral
85.56
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WIA, the sentiment is Positive. The current price of 0.5 is above the 20-day moving average (MA) of 0.44, above the 50-day MA of 0.47, and above the 200-day MA of 0.39, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.87 is Neutral, neither overbought nor oversold. The STOCH value of 85.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WIA.
WIA Gold Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$281.23M | 2.58 | 16.50% | 3.30% | 22.05% | 256.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$761.47M | -15.95 | -17.62% | ― | ― | -168.42% | |
46 Neutral | AU$792.42M | -704.50 | -11.26% | ― | 17.55% | 40.51% | |
46 Neutral | AU$520.47M | -15.19 | -8.63% | ― | ― | 29.23% | |
43 Neutral | AU$397.69M | 6.25 | 17.19% | ― | ― | ― | |
42 Neutral | AU$945.78M | -1.53 | -63.71% | ― | ― | -1091.18% |
* Basic Materials Sector Average
AU:WIA
WIA Gold Limited
0.53
0.34
176.32%
AU:SBM
St. Barbara
0.66
0.39
140.00%
AU:MEK
Meeka Gold Limited
0.15
0.00
0.00%
AU:AUC
Ausgold Limited
0.97
0.46
93.00%
AU:TBR
Tribune Resources Limited
5.61
0.71
14.54%
AU:DTR
Dateline Resources Limited
0.26
0.25
2450.00%
WIA Gold Limited Corporate Events
Wia Gold Issues New Shares on Option Conversion, Affirms Compliance
Apr 22, 2026
Wia Gold Limited has issued 1,513,928 fully paid ordinary shares following the conversion of Zero Exercise Price Options, expanding its share capital without preparing a prospectus. The company states it has met all relevant financial reporting an...
WIA Gold Seeks ASX Quotation for 1.5 Million New Shares
Apr 22, 2026
WIA Gold Limited has applied to the ASX for quotation of 1,513,928 new ordinary fully paid shares, with an issue date of 22 April 2026. The additional quoted securities, arising from the exercise or conversion of existing instruments, will modestl...
Wia Gold Advances Kokoseb DFS as High-Grade Drilling Strengthens Underground Potential
Apr 19, 2026
Wia Gold has reported steady progress on the Definitive Feasibility Study for its 2.93Moz Kokoseb Gold Project in Namibia, with completion still targeted for the second half of 2026. Key DFS workstreams advanced across geotechnical validation, met...
WIA Gold Issues 2 Million Unquoted Performance Rights Under Incentive Plan
Mar 17, 2026
WIA Gold Limited has notified the market of the issue of 2,000,000 unquoted performance rights under its employee incentive scheme, with an expiry date of March 16, 2031. The new securities, which are not intended to be quoted on the ASX, undersco...
WIA Gold director Mark Arnesen increases on-market shareholding
Mar 12, 2026
WIA Gold Limited has disclosed a change in director Mark Arnesen’s interests in the company’s securities, as required under ASX listing rules. Between 9 March and 11 March 2026, Arnesen acquired 175,000 fully paid ordinary shares in WI...
WIA Gold Issues 2 Million New Performance Rights
Mar 9, 2026
WIA Gold Limited has notified the market of the issue of 2,000,000 unquoted performance rights, expiring on 4 March 2031. The new equity securities, which form part of the company’s incentive arrangements, expand WIA Gold’s pool of per...
WIA Gold Appoints New Director with Long-Dated Performance Rights
Mar 9, 2026
WIA Gold Limited has appointed Adam Smits as a director effective 5 March 2026, signalling a change in the company’s board composition that may influence future strategic and operational decisions. According to the initial director’s i...
Wia Gold Issues 1.5 Million Shares on Option Conversion
Mar 9, 2026
Wia Gold Limited has issued 1,500,000 fully paid ordinary shares following the conversion of options, expanding its share capital without preparing a prospectus. The company confirmed it has met all relevant financial reporting and continuous disc...
WIA Gold Applies for Quotation of 1.5 Million New Shares on ASX
Mar 9, 2026
WIA Gold Limited has applied for quotation on the ASX of 1,500,000 new fully paid ordinary shares, with an issue date of March 5, 2026. The additional securities, arising from the exercise of options or conversion of other instruments, will expand...
Wia Gold appoints new CFO to drive Kokoseb project toward development
Mar 8, 2026
Wia Gold Limited has appointed experienced resources finance executive David Edwards as Chief Financial Officer, effective 9 March 2026, to strengthen its leadership team as it advances the Kokoseb Gold Project in Namibia. Edwards, a chartered acc...
WIA Gold Files Condensed Half-Year Financial Report for 31 December 2025
Mar 5, 2026
WIA Gold Limited has released its condensed consolidated half-year report for the period ended 31 December 2025, providing investors with an overview of its financial performance, position, cash flows, and changes in equity. The document includes ...
Wia Gold Adds Veteran Project Executive to Board as Kokoseb Study Advances
Mar 4, 2026
Wia Gold Limited has strengthened its board with the appointment of experienced mining executive Adam Smits as a Non-Executive Director, effective immediately, bringing more than three decades of technical, development and operational expertise ac...
WIA Gold Issues 1.3 Million Unquoted Performance Rights Under Incentive Scheme
Feb 5, 2026
WIA Gold Limited has notified the market of the planned issue of 1,326,535 unquoted performance rights, expiring on 16 October 2029, under its employee incentive scheme. The new equity awards, which are not intended to be quoted on the ASX, are de...
WIA Gold Issues 10 Million Unquoted Performance Rights to Support Long-Term Strategy
Feb 5, 2026
WIA Gold Limited has notified the market of the issue of 10 million unquoted performance rights, expiring on 2 February 2031. The new securities, to be issued on 2 February 2026 as a separate class, appear structured to align incentives and potent...
WIA Gold Names Henk Diederichs Director, Discloses Significant Equity Interests
Feb 3, 2026
WIA Gold Limited has appointed Henk Diederichs as a director effective 1 February 2026, and has disclosed his initial interests in the company’s securities in accordance with listing rules. Diederichs directly holds 650,000 ordinary fully pa...
Wia Gold Completes Côte d’Ivoire Asset Divestment to Focus on Namibian Flagship
Feb 2, 2026
Wia Gold Limited has completed the divestment of all its non-core gold exploration permits in Côte d’Ivoire to ASX-listed Santa Fe Minerals Limited, receiving 20 million ordinary shares and 8 million performance rights in Santa Fe as co...
Santa Fe Minerals Completes Côte d’Ivoire Gold Project Acquisition from WIA Gold
Feb 2, 2026
Santa Fe Minerals has completed the acquisition of gold projects in Côte d’Ivoire from WIA Gold Limited, issuing 20 million ordinary shares and 8 million milestone-based performance rights as consideration under a binding share sale agr...
WIA Gold Reaffirms Kokoseb Development Plans Ahead of 2026 Site Visit
Feb 2, 2026
WIA Gold Limited has released a presentation outlining its ongoing work to develop the Kokoseb gold deposit into a major Namibian gold mine, ahead of a scheduled site visit in February 2026. The company reiterates previously reported mineral resou...
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.