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Westar Resources Ltd.
(Sydney:WSR)
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Rating:43Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily held down by weak financial performance (no revenue, ongoing losses, and continued cash burn), indicating reliance on external funding. The debt-free balance sheet provides some risk mitigation, but technical and valuation signals are limited due to missing/insufficient data.
Positive Factors
Low leverage
A zero-debt balance sheet materially reduces refinancing and interest-rate risk, giving management flexibility to time capital raises or farm-out agreements. This durable structural strength preserves optionality for exploration funding and downside protection over the medium term.
Negative Factors
No revenue
Absence of operating revenue means the business model lacks demonstrated commercial cash generation, making the company fully reliant on capital markets or asset transactions to fund operations. That structural dependence raises execution and continuity risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
A zero-debt balance sheet materially reduces refinancing and interest-rate risk, giving management flexibility to time capital raises or farm-out agreements. This durable structural strength preserves optionality for exploration funding and downside protection over the medium term.
Read all positive factors
Westar Resources Ltd. (WSR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.85M
Dividend YieldN/A
Average Volume (3M)2.93M
Price to Earnings (P/E)―
Beta (1Y)1.47
Revenue GrowthN/A
EPS Growth-41.67%
CountryAU
Employees2
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding808,002,100
10 Day Avg. Volume1,293,708
30 Day Avg. Volume2,928,948
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.56
Price to Sales (P/S)0.00
P/FCF Ratio-1.15
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)N/A
Revenue Forecast (FY)N/A
Westar Resources Ltd. Business Overview & Revenue Model
Company Description
Westar Resources Limited, operating alongside its subsidiaries, focuses on the exploration and development of mineral properties throughout Western Australia. The company primarily targets gold and base metal deposits. Its portfolio includes inter...
How the Company Makes Money
null...
Westar Resources Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very 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 | 0.00 |
| Gross Profit | 786.00 | -51.86K | -61.31K | -54.45K | -22.01K | -4.58K |
| EBITDA | -2.79M | -1.31M | -2.86M | -3.63M | -2.31M | -777.92K |
| Net Income | -4.10M | -1.30M | -2.92M | -3.49M | -2.34M | -783.51K |
Balance Sheet | ||||||
| Total Assets | 1.55M | 3.64M | 3.69M | 5.68M | 5.98M | 5.51M |
| Cash, Cash Equivalents and Short-Term Investments | 1.10M | 1.25M | 1.52M | 2.77M | 2.30M | 3.14M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 114.20K | 105.14K | 310.28K | 202.70K | 249.28K | 440.17K |
| Stockholders Equity | 1.44M | 3.54M | 3.38M | 5.48M | 5.73M | 5.07M |
Cash Flow | ||||||
| Free Cash Flow | -2.11M | -1.72M | -1.69M | -2.48M | -3.41M | -2.09M |
| Operating Cash Flow | -1.63M | -1.25M | -1.69M | -1.67M | -1.56M | -364.30K |
| Investing Cash Flow | 46.38K | -212.29K | -389.69K | -815.92K | -1.85M | -1.79M |
| Financing Cash Flow | -697.50K | 1.14M | 831.16K | 2.95M | 2.64M | 5.22M |
Westar Resources Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
53 Neutral | AU$4.65M | -4.29 | -4.88% | ― | 123.86% | 63.16% | |
51 Neutral | AU$5.27M | -2.25 | -58.04% | ― | -100.00% | -317.54% | |
43 Neutral | AU$4.85M | -0.86 | -164.84% | ― | ― | -41.67% | |
43 Neutral | AU$5.68M | 0.58 | 114.86% | ― | ― | ― | |
42 Neutral | AU$5.79M | -3.43 | -120.71% | ― | ― | 29.17% | |
40 Underperform | AU$10.43M | -6.79 | 146.21% | ― | ― | 26.13% |
* Basic Materials Sector Average
AU:WSR
Westar Resources Ltd.
0.01
0.00
0.00%
AU:A8G
Australasian Metals Limited
0.10
<0.01
10.23%
AU:GSM
Golden State Mining Ltd.
0.01
<0.01
20.00%
AU:M2M
Mt Malcolm Mines NL
0.01
-0.01
-50.00%
AU:OZZ
Ozz Resources Ltd
0.04
-0.02
-36.36%
AU:NPM
NewPeak Metals Ltd.
0.01
>-0.01
-7.14%
Westar Resources Ltd. Corporate Events
Westar Secures NT Funding as Frontier Copper Exploration Advances
Jul 30, 2026
Westar Resources has advanced its exploration portfolio over the June quarter, highlighted by progress at its newly granted Bunda Creek copper project in the frontier Birrindudu Basin. The Northern Territory government has awarded funding for a hi...
Westar Resources Switches Share Registry to Computershare
Jun 22, 2026
Westar Resources has appointed Computershare Investor Services as its new share registry provider, effective 29 June 2026, replacing Automic Registry Services in Perth. The move centralises shareholder record-keeping with a larger registry platfor...
Westar wins NT grant to fund copper-focused survey at Bunda Creek
Jun 16, 2026
Westar Resources has secured a A$55,689 grant under Round 19 of the Northern Territory Government’s Geophysics and Drilling Collaborations program to co-fund an aeromagnetic survey over 569 square kilometres of its Bunda Creek Project in the...
Westar Resources Discloses New Director’s 3 Million-Share Holding
May 27, 2026
Westar Resources has appointed David Palumbo as a director, effective 26 May 2026, and lodged an Initial Director’s Interest Notice with the ASX. Palumbo holds 3,000,001 ordinary shares in the company in his own name, and the filing confirms...
Westar Discloses Final Director Interest as Ben Donovan Exits Board
May 27, 2026
Westar Resources Limited has announced the cessation of Ben Donovan as a director effective 26 May 2026, filing a final director’s interest notice with the ASX in line with corporate disclosure requirements. The notice confirms Donovan holds...
Westar Resources Reshapes Board and Updates Perth Head Office
May 26, 2026
Westar Resources has appointed David Palumbo as a Non-Executive Director and Company Secretary, replacing Ben Donovan, who has stepped down from both roles. Palumbo, a chartered accountant with more than 15 years’ experience in company secre...
Westar Resources Issues 271 Million New Shares Under Placement Exemption
May 8, 2026
Westar Resources has issued 271,468,523 fully paid ordinary shares as the second tranche of a placement, with a portion used to satisfy Lead Manager fees. The shares were issued without a prospectus under the Corporations Act’s disclosure ex...
Westar Resources Seeks Quotation for 17.9 Million New Shares on ASX
May 8, 2026
Westar Resources has applied for quotation on the ASX of 17,880,000 ordinary fully paid shares, following shareholder approval granted on 17 April 2026. The new securities, issued on 7 May 2026, expand the company’s quoted share base and may...
Westar Resources Seeks ASX Quotation for 3.6 Million New Shares
May 8, 2026
Westar Resources has applied to the ASX for quotation of 3,588,523 ordinary fully paid shares, with an issue date of 7 May 2026. The move modestly expands the company’s quoted share capital, potentially supporting future funding flexibility ...
Westar Resources Issues 40 Million Unquoted Lead Manager Options
May 8, 2026
Westar Resources has issued 40,000,000 unquoted lead manager options with an exercise price of $0.008, expiring on 7 May 2029, as part of a previously announced transaction. The new options, which are not intended to be quoted on the ASX, strength...
Westar Resources Seeks ASX Quotation for 250 Million New Shares
May 8, 2026
Westar Resources Ltd., an Australian mineral exploration company listed on the ASX, focuses on identifying and advancing resource projects in the mining sector. Its activities are geared toward building a portfolio of assets that can generate long...
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.
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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.