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Western Mines Group Ltd
(Sydney:WMG)
Western Mines Group Ltd (WMG) vs. iShares MSCI Australia ETF (EWA)
Western Mines Group Ltd Business Overview & Revenue Model
Western Mines Group Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.37K | 10.37K | 0.00 | 47.26K | 0.00 | 0.00 |
| Gross Profit | -15.34K | 10.37K | -49.37K | 38.42K | -1.60K | 0.00 |
| EBITDA | -1.22M | -1.22M | -1.33M | -1.09M | -1.27M | -128.99K |
| Net Income | -1.73M | -1.73M | -1.38M | -1.05M | -1.07M | -902.95K |
Balance Sheet | ||||||
| Total Assets | 12.20M | 12.20M | 11.74M | 8.92M | 6.03M | 1.20M |
| Cash, Cash Equivalents and Short-Term Investments | 1.56M | 1.56M | 2.13M | 3.27M | 3.68M | 335.49K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 251.75K | 251.75K | 2.09M | 852.95K | 833.97K | 210.84K |
| Stockholders Equity | 11.95M | 11.95M | 9.65M | 8.06M | 5.20M | 989.02K |
Cash Flow | ||||||
| Free Cash Flow | -3.37M | -3.37M | -5.45M | -4.08M | -1.96M | -237.60K |
| Operating Cash Flow | -1.15M | -1.15M | -971.00K | -839.05K | -891.20K | -167.84K |
| Investing Cash Flow | -1.82M | -1.82M | -4.08M | -3.24M | -869.62K | -69.76K |
| Financing Cash Flow | 2.41M | 2.41M | 3.90M | 3.67M | 5.11M | 525.17K |
Western Mines Group Ltd Technical Analysis
Western Mines Group Ltd 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% | |
51 Neutral | AU$6.24M | -2.73 | -127.51% | ― | 168.85% | 13.51% | |
49 Neutral | AU$33.85M | -27.03 | -51.49% | ― | ― | 5.93% | |
47 Neutral | AU$34.12M | -15.08 | -16.05% | ― | ― | 2.45% | |
45 Neutral | AU$10.37M | -5.12 | -131.62% | ― | ― | 65.32% | |
44 Neutral | AU$8.41M | -1.00 | -898.12% | ― | ― | -34.64% | |
43 Neutral | AU$2.98M | -3.03 | -37.62% | ― | ― | 76.76% |
Western Mines Group Ltd Corporate Events
Western Mines Group has reported encouraging results from diamond drill hole MTRC009 (EIS9) at its Mulga Tank Ni-Co-Cu-PGE Project, where drilling from 522 metres to 1,437.5 metres intersected about 900 metres of high-MgO adcumulate dunite containing disseminated nickel sulphide mineralisation and numerous high-grade remobilised massive sulphide veinlets and segregations, with portable XRF readings of up to 55% nickel. The company believes these broad zones of mineralisation and frequent massive sulphide occurrences in a new area of the complex reinforce the scale of the Mulga Tank nickel sulphide system and support its thesis of a Perseverance-style hybrid system with a likely basal massive sulphide component; drilling, which is being co-funded up to $220,000 under a WA EIS grant, paused for the year-end break with the apparent footwall hit at 1,436 metres and is scheduled to resume in mid-January 2026 to extend MTRC009 and complete further planned reverse-circulation holes.
Western Mines Group Ltd has announced a change in the director’s interest notice, specifically concerning Benjamin Grguric. The company has issued 2,000,000 unlisted options to Mr. Grguric, approved by shareholders at the recent Annual General Meeting. This change reflects the company’s ongoing efforts to align management interests with shareholder value and may impact the company’s governance and strategic direction.
Western Mines Group Ltd has announced a change in the director’s interest, specifically regarding Francesco Cannavo, who is a director and shareholder in several entities. The change involves the acquisition of 2,000,000 unlisted options with an exercise price of $0.324 each, expiring on 27 November 2029, as approved by shareholders at the recent Annual General Meeting. This move may impact the company’s strategic positioning by potentially increasing the director’s influence and aligning interests with long-term company goals.
Western Mines Group Ltd announced a change in the director’s interest, specifically regarding Caedmon Marriott, who is a director and shareholder of Vencera Investments Pty Ltd. The change involves the issuance of 3,000,000 unlisted options with an exercise price of $0.324 each, expiring on 27 November 2029, as approved by shareholders at the recent Annual General Meeting. This move indicates a strategic effort to align the interests of the director with the company’s long-term goals, potentially impacting the company’s operational strategies and shareholder value.
Western Mines Group Ltd has announced a change in the director’s interest, specifically for Rex Turkington, who has acquired 2,000,000 unlisted options with an exercise price of $0.324 each, expiring on 27 November 2029. This acquisition, approved at the company’s Annual General Meeting, reflects a strategic move to align the director’s interests with the company’s long-term goals, potentially impacting the company’s governance and stakeholder confidence.
Western Mines Group Ltd announced the issuance of 9,250,000 unlisted options as part of a previously announced transaction. These securities are not quoted and are not intended to be quoted on the ASX, which may impact the company’s capital structure and provide strategic flexibility for future operations.
Western Mines Group Ltd has announced a proposed issue of 9,250,000 unlisted options as part of a placement or other type of issue. This strategic move is aimed at enhancing the company’s financial flexibility and supporting its ongoing exploration and development activities, potentially strengthening its position in the mining sector.
Western Mines Group Ltd announced the successful outcomes of its Annual General Meeting, with all resolutions passed, including the adoption of the remuneration report and the re-election of Dr. Benjamin Grguric as a director. The approval of various mandates and director options signifies strong shareholder support, potentially enhancing the company’s governance and operational strategies.
Western Mines Group Ltd presented at their AGM, highlighting the Mulga Tank Nickel Sulphide discovery. This development is significant for the company as it strengthens their position in the mining sector and could have substantial implications for stakeholders, potentially enhancing the company’s future growth and exploration capabilities.
Western Mines Group Ltd has announced progress in its exploration activities at the Mulga Tank Ni-Cu-Co-PGE Project. The company is currently drilling a deep diamond hole, EIS9, which has reached approximately 900 meters, as part of its efforts to explore the mineral-rich basal zone of the Mulga Tank Complex. Additionally, a high-powered Moving Loop ElectroMagnetic (MLEM) survey has been initiated to extend coverage over the Panhandle area, aiming to identify further drilling targets. These activities are supported by Exploration Incentive Scheme grants, which will aid in the continued exploration and potential discovery of high-grade deposits, thereby enhancing the company’s position in the mining sector.
Western Mines Group Ltd has updated shareholders on its exploration activities at the Mulga Tank Project, following a significant capital raise. The company is progressing with its Phase 4 drilling program, which includes deep diamond and reverse circulation (RC) drilling to expand the current Mineral Resource Estimate. A Moving Loop ElectroMagnetic (MLEM) survey is also planned to extend coverage over the Panhandle area, aiding in targeting future drill holes. These efforts are supported by Exploration Incentive Scheme grants, positioning WMG to enhance its resource base and potentially increase its market value.
Western Mines Group Ltd has reported a productive quarter with significant advancements at its Mulga Tank Ni-Co-Cu-PGE Project. The company commenced a Phase 4 drilling program, which has already yielded promising results, including visible sulphide mineralization in new areas and standout results from hole MTRC066. The company also completed diamond drilling in the Panhandle area, indicating a highly prospective dynamic komatiite flow system. Additionally, a successful capital raise of $3.72 million will support ongoing exploration efforts, further solidifying the project’s potential and the company’s strategic positioning in the mining sector.
Western Mines Group Ltd has successfully completed a diamond core tail extension to a previous reverse circulation hole at the Mulga Tank Ni-Co-Cu-PGE Project. This extension aimed to explore the basal contact of the Mulga Tank Complex and has revealed significant nickel sulphide mineralisation, supporting the company’s exploration thesis of potential high-grade deposits. The findings highlight the presence of a substantial nickel sulphide mineral system, which could have implications for the company’s future exploration strategies and its positioning within the mining industry.
Western Mines Group Ltd has announced the issuance of 1,550,909 unlisted options as part of a previously disclosed transaction. These securities are not quoted on the ASX and the issuance reflects the company’s ongoing strategic financial maneuvers, potentially impacting its market operations and stakeholder interests.
Western Mines Group Ltd announced the issuance of 4,140,001 unlisted options as part of a previously announced transaction. This issuance of unquoted securities is not intended to be quoted on the ASX, indicating a strategic move to enhance its financial structure and potentially strengthen its market position.
Western Mines Group Ltd announced the quotation of 16,560,000 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective October 23, 2025. This move is part of previously announced transactions, potentially enhancing the company’s capital structure and market presence, which could have significant implications for its stakeholders and future operations.
Western Mines Group Ltd has successfully completed a capital raising through the placement of 16,910,000 ordinary shares, generating A$3.720 million to fund further exploration at its Mulga Tank project. The funds will support drilling programs, geochemical assays, geophysical surveys, metallurgical test work, and a scoping study, enhancing the company’s exploration capabilities and potentially impacting its market positioning.
Western Mines Group Ltd has announced its participation in the International Mining and Resources Conference in Sydney, highlighting its Mulga Tank Nickel Sulphide discovery. This involvement underscores the company’s strategic focus on nickel exploration and its commitment to advancing its projects, potentially enhancing its position in the mining sector and providing valuable insights for stakeholders.
Western Mines Group Ltd announced the issuance of 750,000 unlisted options as part of a previously disclosed transaction. This move is part of the company’s strategic financial maneuvers, potentially impacting its market positioning and providing opportunities for stakeholders involved in the company’s growth trajectory.