Westar Resources Ltd. (WSR) AI Stock Analysis

• Market Cap: AU$2.39M
• Dividend Yield: N/A
• Average Volume (3M): 4.52M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.71
• Revenue Growth: N/A
• EPS Growth: 83.29%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 68
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 398,724,820
• 10 Day Avg. Volume: 1,429,619
• 30 Day Avg. Volume: 4,520,723
• PEG Ratio: 0.19
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -1.92
• 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: 40 Underperform
• 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. Business Overview & Revenue Model

Company Description

Westar Resources Limited, together with its subsidiaries, explores for and develops mineral properties in Western Australia. It primarily explores for gold and base metal deposits. The company holds interests in the Sandstone projects located to the northeast of Perth and north-northwest of Kalgoorlie; and Mount Magnet projects located in the Murchison Mineral Field proximal to the historical mining center of Mount Magnet. It also holds interests in the Pilbara project located in the Pilbara; and Southern Cross projects in Western Australia. The company was incorporated in 2019 and is based in West Perth, Australia.

How the Company Makes Money

Westar 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

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

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

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
TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-30.49K	-61.31K	-54.45K	-22.01K	-4.58K	0.00
	EBIT
―	-1.86M	-2.25M	-1.75M	-782.51K	-237.56K
	EBITDA
―	-2.86M	-3.63M	-2.31M	-777.92K	0.00
	Net Income Common Stockholders
―	-2.92M	-3.49M	-2.34M	-783.51K	-237.56K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.85M	1.52M	2.77M	2.34M	3.14M	17.20K
	Total Assets
4.30M	3.69M	5.68M	5.98M	5.51M	595.80K
	Total Debt
0.00	0.00	0.00	0.00	0.00	15.00K
	Net Debt
-1.85M	-1.52M	-2.77M	-2.30M	-3.08M	-2.20K
	Total Liabilities
129.51K	310.28K	202.70K	249.28K	440.17K	24.83K
	Stockholders Equity
4.17M	3.38M	5.48M	5.73M	5.07M	570.97K
Cash Flow		Free 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
―	831.16K	2.95M	2.64M	5.22M	233.85K

Westar Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	51 Neutral	$2.04B	-1.15	-21.24%	3.95%	2.91%	-30.44%
AIS	48 Neutral	AU$164.61M	6.83	8.30%	―	-7.16%	―
GBR	46 Neutral	AU$47.93M	―	-57.60%	―	―	-300.00%
NWM	42 Neutral	AU$14.53M	―	-6.39%	―	―	-6.25%
WSR	40 Underperform	AU$2.39M	―	-41.20%	―	―	83.29%
MOZ		AU$6.43M	―		―	―	―

Westar Resources Ltd. Corporate Events

Westar Resources Reports Quarterly Activities and Strategic Decisions

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

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

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

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

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.