Western Mines Group Ltd (WMG) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 152.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.08
• Revenue Growth: N/A
• EPS Growth: -1.39%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Gold
• EPS (TTM): -0.02
• Shares Outstanding: 96,788,345
• 10 Day Avg. Volume: 69,545
• 30 Day Avg. Volume: 151,998
• PEG Ratio: 1.94
• Price to Book (P/B): 2.84
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.61
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: ―

Western Mines Group Ltd faces significant financial challenges with no revenue, ongoing losses, and reliance on external funding. While the absence of debt and short-term technical indicators provide some support, the negative valuation metrics and operational risks heavily weigh down the overall score. Strategic improvements are crucial for a more favorable outlook.

Western Mines Group Ltd Business Overview & Revenue Model

Company Description

Western Mines Group Ltd, a mineral exploration company, engages in the exploration and development of mineral properties in Australia. The company explores for nickel, copper, platinum group elements, and gold deposits. Its flagship project is the Mulga Tank project comprising exploration licence E39/2132 and exploration licence applications E39/2223 and E39/2299, covering an area approximately 395 square kilometers located in the east-northeast of Yilgarn Craton, Western Australia. The company project portfolio includes the Jasper Hill project consisting of exploration licences E39/2073, E39/2079 and prospecting licence application P39/6267, covering an area of 71.4 square kilometers; and the Rock of Ages Project comprises prospecting licence covering an area of 9.71 hectares located in southeast of Laverton. In addition, it holds interest in the Melita Project consisting of exploration licence covering an area of approximately 105 square kilometers; the Pavarotti Project comprises exploration licence E77/2478 and exploration licence application E77/2746 covering surface of 12.8 square kilometers; the Pinyalling Project comprises exploration licence application covering an area of 55 square kilometers; the Youanmi Project consists of exploration licence E57/1119 and prospecting licence P57/1450 covering an area of 12 square kilometers; and the Broken Hill Bore Project comprises exploration licence covering an area of 2.6 square kilometers located in Yilgarn Craton, Western Australia. The company was incorporated in 2020 and is based in West Perth, Australia.

How the Company Makes Money

Western Mines Group Ltd generates revenue primarily through the exploration and development of mineral resources. The company identifies and evaluates potential mining sites, conducts exploration activities, and develops these sites to extract valuable minerals such as gold, nickel, and other base metals. Revenue is typically generated through the sale of these extracted minerals to various buyers and metal processing companies. Additionally, WMG may enter into joint ventures or partnerships with larger mining companies to co-develop certain projects, providing an additional revenue stream through shared project profits or royalties. The company may also consider selling or leasing exploration rights to other companies, contributing to its earnings.

Western Mines Group Ltd Financial Statement Overview

Summary

Western Mines Group Ltd is in a challenging financial position with no revenue generation, ongoing operating losses, and negative cash flows. While the absence of debt is a positive, the reliance on external financing and poor profitability metrics present significant operational risks. Strategic initiatives are essential to enhance revenue and profitability.

Income Statement

Western Mines Group Ltd has faced consistent revenue challenges, with no revenue reported for the most recent periods. The company operates at a gross loss and incurs significant operating losses, as shown by negative EBIT and EBITDA margins. The net profit margin is negative, demonstrating ongoing profitability issues. The absence of revenue growth highlights a critical area for improvement.

Balance Sheet

The company's balance sheet shows no debt, which is a positive aspect in terms of financial stability. However, the company has a substantial equity base relative to its total assets, as indicated by a high equity ratio. Return on equity is negative due to ongoing net losses, suggesting inefficient use of equity capital. Overall, the balance sheet is stable but impacted by poor profitability.

Cash Flow

Western Mines Group Ltd struggles with cash flow, evident from negative operating cash flow and free cash flow. The free cash flow to net income ratio is unavailable due to negative cash flows. The company has been reliant on financing activities to support its operations, indicating potential liquidity issues if external funding is not sustained.

Breakdown
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement		Total Revenue
0.00	0.00	47.26K	0.00	0.00
	Gross Profit
-25.28K	-49.37K	38.42K	-1.60K	0.00
	EBIT
-1.29M	-1.33M	-1.10M	-1.27M	-902.95K
	EBITDA
-1.29M	-1.33M	-1.09M	-1.27M	-128.99K
	Net Income Common Stockholders
-1.72M	-1.38M	-1.05M	-1.07M	-902.95K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.08M	2.13M	3.27M	3.68M	335.49K
	Total Assets
11.97M	11.74M	8.92M	6.03M	1.20M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-1.08M	-2.13M	-3.27M	-3.68M	-335.49K
	Total Liabilities
573.07K	2.09M	852.95K	833.97K	210.84K
	Stockholders Equity
11.39M	9.65M	8.06M	5.20M	989.02K
Cash Flow		Free Cash Flow
―	-5.45M	-4.08M	-1.96M	-144.64K
	Operating Cash Flow
-228.56K	-971.00K	-839.05K	-891.20K	-63.26K
	Investing Cash Flow
-2.28M	-4.08M	-3.24M	-869.62K	-81.39K
	Financing Cash Flow
3.96M	3.90M	3.67M	5.11M	612.69K

Western Mines Group Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WMG, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.17, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.61 is Neutral, neither overbought nor oversold. The STOCH value of 5.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:WMG.

Western Mines Group Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.03B	-1.27	-21.09%	4.14%	2.90%	-30.49%
WMG	46 Neutral		―	-17.00%	―	―	-1.39%
SYAAF		$179.14M	―	-33.63%	―	―	―
C8U		€339.08M	―	-16.63%	―	―	―
CXOXF		$129.27M	―	-21.25%	―	―	―
LLKKF		$33.16M	―	-19.25%	―	―	―
MALRF		$2.97B	43.31	-33.95%	4.54%	―	―

Western Mines Group Ltd Corporate Events

Western Mines Group Secures $440,000 for Mulga Tank Drilling Expansion

Western Mines Group Ltd has been awarded $440,000 in funding from the WA State Government’s Co-funded Exploration Drilling Program to support further drilling at its Mulga Tank Ni-Cu-PGE Project. This funding will be used to drill three diamond holes, targeting both the main body of the Mulga Tank Complex and a komatiite channel system, building on previous successful exploration efforts. The awards highlight the company’s strategic focus on innovative exploration and its potential to enhance its position in the nickel sulphide mining sector.

Western Mines Group Addresses ASX Price and Volume Query

Western Mines Group Ltd responded to a price and volume query from the Australian Securities Exchange, indicating that they are unaware of any undisclosed information that could explain the recent trading activity. The company suggested that a recent announcement about their Mulga Tank Mineral Resource, which contains over 5 million tonnes of nickel, might have spurred interest. Western Mines Group confirmed compliance with listing rules and that their board authorized the responses.

Western Mines Group Achieves Major Milestone with Mulga Tank Resource Estimate

Western Mines Group Ltd has announced the completion of its first Mineral Resource Estimate for the Mulga Tank Project, marking a significant milestone for the company. The project, which is a large-scale, open-pitable nickel sulphide deposit, has identified a total resource of 1,968 million tonnes grading 0.27% Ni, containing 5.3 million tonnes of nickel, 257,000 tonnes of cobalt, 161,000 tonnes of copper, and 1.1 million ounces of platinum and palladium. This development enhances WMG’s positioning in the mining sector and has potential implications for stakeholders due to the project’s scale and resource potential.

Western Mines Group Achieves Major Milestone with Mulga Tank Resource Estimate

Western Mines Group Ltd has announced the completion of its first Mineral Resource Estimate for the Mulga Tank Project, marking a significant milestone for the company. The estimate reveals a globally significant, large-scale, open-pitable nickel sulphide deposit, with a total resource of 1,968 million tonnes grading 0.27% nickel. This development is expected to enhance the company’s industry positioning as it continues to explore and expand the resource, focusing on higher-grade areas within the deposit.

Western Mines Group Announces Cessation of Performance Rights

Western Mines Group Ltd announced the cessation of 2,300,000 performance rights due to the expiry of options or other convertible securities without exercise or conversion as of March 14, 2025. This announcement may affect the company’s capital structure and could have implications for its financial strategy and stakeholder interests.

Western Mines Unveils Significant Nickel Discoveries at Mulga Tank Project

Western Mines Group Ltd has released final assay results for diamond hole MTD029 at the Mulga Tank Project, revealing over 1,200 meters of disseminated nickel sulphide mineralization. The results indicate a substantial magmatic nickel sulphide system with several high-grade intersections, enhancing the company’s understanding of the complex’s architecture and suggesting significant potential for shallow, open-pitable mineralization. This development could bolster WMG’s market positioning and offer promising implications for stakeholders by identifying richer mineralized zones and extending the known mineralization.