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Westar Resources Ltd. (AU:WSR)
ASX:WSR
Australian Market

Westar Resources Ltd. (WSR) AI Stock Analysis

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AU

Westar Resources Ltd.

(Sydney:WSR)

Rating:40Underperform
Price Target:
Westar Resources Ltd. scores low due to significant financial challenges, including zero revenue and ongoing losses. Despite a debt-free balance sheet, the reliance on financing and declining assets are concerning. Limited technical data and a negative P/E ratio further impact the stock's attractiveness. Overall, the company needs urgent improvements in operational efficiency and revenue generation to enhance its stock score.

Westar Resources Ltd. (WSR) vs. iShares MSCI Australia ETF (EWA)

Westar Resources Ltd. Business Overview & Revenue Model

Company DescriptionWestar Resources Ltd. (WSR) is an Australian-based mineral exploration company focused on the discovery and development of high-value gold, lithium, and other critical mineral assets. The company operates across several prolific mining regions in Western Australia, employing advanced exploration techniques to identify and develop promising mining projects. Westar Resources aims to deliver shareholder value through strategic exploration and development initiatives.
How the Company Makes MoneyWestar Resources Ltd. generates revenue primarily through the exploration and development of mineral resources, with a focus on gold and lithium projects. The company makes money by increasing the value of its mineral assets through exploration success, which can lead to joint ventures, partnerships, or outright sales of projects to larger mining companies. Additionally, Westar may generate income through equity financing, government grants, or other funding mechanisms to support ongoing exploration activities. The value of its shares may also appreciate based on successful exploration results and favorable market conditions for the minerals it targets.

Westar Resources Ltd. Financial Statement Overview

Summary
Westar Resources Ltd. faces significant financial challenges, characterized by zero revenue and ongoing losses. The balance sheet is bolstered by strong equity and no debt, but declining assets and reliance on financing for liquidity are concerning. Urgent improvement in revenue generation and operational efficiency is needed for long-term viability.
Income Statement
5
Very Negative
Westar Resources Ltd. has consistently reported zero revenue over multiple periods, indicating an absence of sales or operational income. The company shows negative gross profits and significant net losses, underscoring severe profitability challenges and operational inefficiencies.
Balance Sheet
60
Neutral
The company maintains a strong equity position with no debt, as evidenced by a debt-to-equity ratio of zero. However, declining total assets and equity over time pose a risk to financial stability, although current liquidity appears sufficient given the cash balances.
Cash Flow
30
Negative
Negative operating cash flows and free cash flows over several periods highlight cash management challenges. The company relies heavily on financing activities to maintain liquidity, which is unsustainable in the long term without generating operational cash flow.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
0.000.000.000.000.000.00
Gross Profit
-30.49K-61.31K-54.45K-22.01K-4.58K0.00
EBIT
-1.86M-2.25M-1.75M-782.51K-237.56K
EBITDA
-2.86M-3.63M-2.31M-777.92K0.00
Net Income Common Stockholders
-2.92M-3.49M-2.34M-783.51K-237.56K
Balance SheetCash, Cash Equivalents and Short-Term Investments
1.85M1.52M2.77M2.34M3.14M17.20K
Total Assets
4.30M3.69M5.68M5.98M5.51M595.80K
Total Debt
0.000.000.000.000.0015.00K
Net Debt
-1.85M-1.52M-2.77M-2.30M-3.08M-2.20K
Total Liabilities
129.51K310.28K202.70K249.28K440.17K24.83K
Stockholders Equity
4.17M3.38M5.48M5.73M5.07M570.97K
Cash FlowFree Cash Flow
-2.08M-2.48M-3.41M-2.09M-225.95K
Operating Cash Flow
-1.69M-1.67M-1.56M-364.30K-197.22K
Investing Cash Flow
-389.69K-815.92K-1.85M-1.79M-19.42K
Financing Cash Flow
831.16K2.95M2.64M5.22M233.85K

Westar Resources Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$2.02B-1.14-21.37%3.64%2.88%-30.57%
AUAIS
48
Neutral
AU$164.61M6.838.30%-7.16%
AUGBR
46
Neutral
AU$47.93M-57.60%-300.00%
AUNWM
42
Neutral
AU$12.59M-6.39%-6.25%
AUWSR
40
Underperform
AU$1.99M-41.20%83.29%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:WSR
Westar Resources Ltd.
0.01
0.00
0.00%
AU:AIS
Aeris Resources Limited
0.17
-0.07
-29.17%
AU:NWM
Norwest Minerals Ltd.
0.01
-0.01
-50.00%
AU:GBR
Great Boulder Resources Ltd
0.06
0.00
0.00%

Westar Resources Ltd. Corporate Events

Westar Resources Reports Quarterly Activities and Strategic Decisions
Apr 29, 2025

Westar Resources Limited has released its quarterly activities report for the period ending March 31, 2025. The company decided not to pursue the acquisition of the Mindoolah Project after completing RC drilling, which revealed gold intersections below historic pits but with grades deemed too low for further exploration. At Gidgee North, drilling targeted a geophysical anomaly associated with elevated values of bismuth, molybdenum, tungsten, and tellurium, with ongoing modeling to advance orogenic gold opportunities. The company maintains a cash position of $1.56 million and is reviewing potential resource project acquisitions.

Westar Resources Announces Board Reshuffle to Strengthen Leadership
Mar 27, 2025

Westar Resources Ltd has announced significant changes to its board, with Simon Eley and Chris Newman stepping down from their roles as Non-Executive Chairman and Non-Executive Director, respectively. Eddie King and Ashley Hood have been appointed as Non-Executive Directors, with King assuming executive duties until a CEO is appointed. These changes bring experienced leadership to Westar, potentially impacting the company’s strategic direction and operations in the resource sector.

Westar Resources Announces Board Restructuring and Leadership Changes
Mar 23, 2025

Westar Resources Ltd announced a significant board restructuring with the resignation of Executive Director and CEO Jason Boladeras, who is leaving to pursue other business interests. Chris Newman has been appointed as a Non-Executive Director, bringing extensive geological expertise to the company. This change is expected to enhance Westar’s ability to identify and assess new project opportunities, with Chairman Simon Eley temporarily assuming executive responsibilities during the search for a new CEO.

Westar Resources Opts Out of Mindoolah Project Following Unpromising Drilling Results
Mar 19, 2025

Westar Resources Limited announced the results of its recent RC drilling program at the Mindoolah Gold Mining Centre, which did not reveal significant gold intercepts. Consequently, Westar has decided not to exercise its option to acquire the Mindoolah Project, as the potential for a commercially viable gold deposit is limited. This decision aligns with Westar’s strategy to allocate resources to projects with higher potential for profitability. The company looks forward to the upcoming Mageye drill assay results and continues to explore opportunities in advanced gold and copper projects.

Westar Resources Initiates Drilling at Mindoolah and Presents at RIU Explorers Conference
Feb 19, 2025

Westar Resources Ltd announced the commencement of RC drilling at the Mindoolah Mining Centre, targeting high-grade gold zones in and around existing pits. The company is also planning follow-up drilling at the Mageye Prospect to explore a gravity and magnetic anomaly. These developments are part of Westar’s strategic focus on enhancing shareholder value through gold exploration, positioning the company to potentially strengthen its market position within the resource industry.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.