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Battery Minerals Ltd.
(Sydney:WTM)
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Rating:44Neutral
Price Target:
AU$0.47
â–²(1.30% Upside)
Action:Reiterated
Date:07/02/26
The score is primarily weighed down by weak financial performance (minimal revenue, persistent losses, and ongoing cash burn), which raises funding dependence risk despite low leverage. Technical indicators add further pressure as the stock is below all key moving averages with negative MACD and very weak momentum readings. Valuation offers limited support because the negative P/E reflects losses and no dividend yield data is available.
Positive Factors
Very low leverage
Negligible debt levels create a durable solvency advantage: with almost no financial leverage the company faces lower near-term default and interest-rate risk, preserving strategic optionality and reducing the urgency of refinancing for at least the medium term.
Negative Factors
Minimal or zero revenue
A lack of stable, recurring revenue is a fundamental weakness. Without a reliable revenue base, the firm cannot demonstrate scalable demand or cover ongoing fixed costs, leaving profitability and business-model viability dependent on achieving sustainable revenue generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Negligible debt levels create a durable solvency advantage: with almost no financial leverage the company faces lower near-term default and interest-rate risk, preserving strategic optionality and reducing the urgency of refinancing for at least the medium term.
Read all positive factors
Battery Minerals Ltd. (WTM) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$213.26M
Dividend YieldN/A
Average Volume (3M)1.24M
Price to Earnings (P/E)―
Beta (1Y)2.75
Revenue GrowthN/A
EPS Growth48.94%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.07
Shares Outstanding387,752,320
10 Day Avg. Volume1,784,484
30 Day Avg. Volume1,239,494
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)3.73
Price to Sales (P/S)0.00
P/FCF Ratio-10.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.05Price Target Upside128.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-0.06
Revenue Forecast (FY)N/A
Battery Minerals Ltd. Business Overview & Revenue Model
Company Description
Waratah Minerals Limited functions as a multifaceted enterprise primarily focused on the exploration for mineral resources, with a particular emphasis on discovering deposits of copper, gold, and nickel. The company possesses full ownership of the...
How the Company Makes Money
null...
Battery Minerals Ltd. Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 7.45K | 0.00 | 0.00 |
| Gross Profit | -104.94K | -44.56K | 7.45K | 370.33K | -153.59K |
| EBITDA | -17.36M | -20.32M | -4.11M | -4.65M | -4.75M |
| Net Income | -17.09M | -24.12M | -8.10M | 866.52K | -5.95M |
Balance Sheet | |||||
| Total Assets | 35.93M | 10.50M | 24.46M | 23.52M | 20.84M |
| Cash, Cash Equivalents and Short-Term Investments | 28.63M | 4.23M | 3.73M | 693.08K | 3.91M |
| Total Debt | 39.23K | 87.90K | 0.00 | 12.25K | 195.79K |
| Total Liabilities | 1.85M | 612.32K | 373.64K | 451.14K | 2.04M |
| Stockholders Equity | 34.07M | 9.89M | 24.08M | 23.07M | 18.80M |
Cash Flow | |||||
| Free Cash Flow | -12.58M | -4.96M | -3.50M | 955.12K | -5.80M |
| Operating Cash Flow | -12.12M | -4.87M | -3.50M | 987.74K | -5.73M |
| Investing Cash Flow | -548.05K | 16.33K | 1.56M | 214.73K | -207.36K |
| Financing Cash Flow | 37.06M | 7.80M | 2.51M | 1.78M | 2.51M |
Battery Minerals Ltd. Technical Analysis
Positive
0.46
Price Trends
0.53
Positive
0.61
Negative
0.60
Negative
Market Momentum
0.01
Negative
56.15
Neutral
73.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WTM, the sentiment is Positive. The current price of 0.46 is below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.53, and below the 200-day MA of 0.60, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 56.15 is Neutral, neither overbought nor oversold. The STOCH value of 73.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WTM.
Battery Minerals 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% | |
50 Neutral | AU$158.39M | -5.37 | -54.77% | ― | -4.13% | 5.02% | |
46 Neutral | AU$243.80M | -0.82 | -30.65% | ― | 6.78% | 32.51% | |
44 Neutral | AU$213.26M | -7.94 | -72.82% | ― | ― | 48.94% | |
44 Neutral | AU$115.69M | -42.31 | -19.34% | ― | ― | 62.50% | |
43 Neutral | AU$143.08M | -37.97 | -8.00% | ― | ― | 19.81% | |
43 Neutral | AU$92.98M | -57.81 | -11.52% | ― | ― | 35.64% |
* Basic Materials Sector Average
AU:WTM
Battery Minerals Ltd.
0.56
-0.16
-22.92%
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0.11
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EcoGraf
0.30
-0.07
-17.81%
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Talga Group
0.31
-0.22
-41.90%
AU:QGL
Quantum Graphite Ltd
0.33
-0.15
-31.25%
AU:OCN
Oceana Lithium Ltd.
0.37
0.29
362.50%
Battery Minerals Ltd. Corporate Events
Battery Minerals Showcases Major New Gold Discovery and Aggressive Exploration Push
Aug 4, 2026
Battery Minerals Ltd. is highlighting a major new gold discovery at its Spur Project in New South Wales, which it believes is evolving into a district-scale gold system with potential for several million ounces. Alongside its Stavely-Stawell gold-...
Waratah Minerals Confirms 6km Gold Corridor at Cargo Intrusive Complex
Aug 3, 2026
Waratah Minerals has reported new reverse circulation drilling results from the Alpine and Gazzards prospects in the northern Cargo Intrusive Complex, confirming a continuous six-kilometre mineralised gold corridor linking these zones with the Spu...
Waratah Minerals consolidates Spur Gold District as drilling ramps up
Jul 30, 2026
Waratah Minerals reported strong progress at its Spur Gold Project in New South Wales during the June quarter, advancing an 80,000-metre drilling program with an expanded fleet of 12 rigs. The company’s work focuses on defining shallow miner...
Battery Minerals Flags Major Gold Find at NSW Spur Project
Jul 21, 2026
Battery Minerals Ltd., trading as ASX:WTM, is a resources company focused on gold and copper exploration in Australia, particularly through its Spur Project in New South Wales and Stavely–Stawell Project in Victoria. The business strategy ce...
Waratah Minerals Extends Shallow High‑Grade Gold at Spur Project
Jul 21, 2026
Waratah Minerals has reported further drilling results from its 80,000m program at the Spur Gold Zone in New South Wales, confirming multiple shallow, high‑grade gold intersections. The latest holes demonstrate consistent mineralisation with...
Waratah Minerals Extends High-Grade Gold at Consols Zone in NSW
Jul 12, 2026
Waratah Minerals reported strong new drilling results from the Consols Zone at its Spur Project in New South Wales, highlighting broad zones of high-grade gold mineralisation that extend well beyond the previously defined envelope. Recent drillhol...
Waratah Minerals Secures Historic Ironclad Lease to Bolster Spur Gold Exploration
Jul 6, 2026
Waratah Minerals has completed the acquisition of the Ironclad Mining Lease in New South Wales’ Spur district following regulatory approval for renewal and transfer of the tenure. The purchase, for A$1 million in cash, consolidates Waratah&#...
Waratah Minerals issues additional performance rights to director Darryl Clark
Jun 17, 2026
Waratah Minerals has disclosed a change in the interests of director Darryl Clark, who has been issued 1,000,000 performance rights in the company at nil consideration. The new securities, which expire on 17 June 2029 and trade under ASX code WTMA...
Waratah Minerals boosts director equity exposure with new performance rights
Jun 17, 2026
Waratah Minerals has disclosed a change in director Andrew Stewart’s interests, with the issue of 4,250,000 performance rights expiring on 17 June 2029 to A L Stewart Family Pty Ltd, an entity through which he holds indirect interests. The p...
Waratah Minerals Grants Additional Performance Rights to Director
Jun 17, 2026
Waratah Minerals has disclosed a change in director Darryl Clark’s interests following the issue of 1,000,000 performance rights expiring on 17 June 2029. The performance rights, issued for nil consideration, were approved by shareholders at...
Waratah Minerals boosts director equity with new performance rights grant
Jun 17, 2026
Waratah Minerals Limited has updated the market on a change in director Naomi Scott’s interests, following the issue of 2,500,000 performance rights expiring on 17 June 2029. The allocation, approved by shareholders in May 2026 at no cash co...
Waratah Minerals boosts director exposure with new performance rights issue
Jun 17, 2026
Waratah Minerals has reported a change in director Peter Duerden’s relevant interests following the issue of 3,500,000 performance rights to an associated entity, Duerden Investments Pty Ltd, for nil consideration. The new performance rights...
Waratah Minerals Issues 11.25 Million Unquoted Performance Rights
Jun 17, 2026
Waratah Minerals Limited has notified the market of the issue of 11,250,000 unquoted performance rights under its employee incentive scheme. The securities, which are not intended to be quoted on the ASX, were issued on 17 June 2026 and reflect th...
Waratah Minerals Issues New Shares as Consideration Under Option Deed
Jun 17, 2026
Waratah Minerals Ltd has issued 71,788 fully paid ordinary shares at a deemed price of $0.6965 per share as partial consideration to the shareholder of M.N.I. Mining Pty Ltd for an initial option fee under a previously announced binding option dee...
Waratah Minerals plans modest new share issue to raise equity capital
Jun 2, 2026
Waratah Minerals Limited has lodged an Appendix 3B notice with the ASX outlining a proposed placement or other type of issue of up to 71,942 ordinary fully paid shares. The new securities, which are expected to be issued on 29 June 2027, indicate ...
Waratah Minerals Secures Full Control of Spur Gold District With Goldenclad Option
Jun 1, 2026
Waratah Minerals has signed a binding option deed to acquire 100% of the entity holding the Goldenclad Mining Leases, which host several historic small-scale gold mines and untested mineralised structures. Combined with Waratah’s existing te...
Waratah Minerals Appoints New Director and Discloses Initial Shareholding
May 29, 2026
Waratah Minerals Limited has appointed Johan van Vuuren as a director effective 26 May 2026, and has lodged an Initial Director’s Interest Notice with the ASX outlining his holdings. The filing shows van Vuuren has no securities registered d...
Waratah Minerals Adds Former Maaden Executive to Board to Steer Growth Push
May 26, 2026
Waratah Minerals has strengthened its board with the appointment of Johan Van Vuuren as an independent non-executive director, bringing extensive global experience in corporate strategy, MA, international finance and ESG-focused investment across ...
Waratah Minerals Publishes AGM Voting Outcomes
May 25, 2026
Waratah Minerals has reported the results of its Annual General Meeting held on 25 May 2026, in line with ASX Listing Rule 3.13.2 and Section 251AA of the Corporations Act. The company released a report summarising poll voting outcomes and proxy v...
Waratah Minerals Trumpets Spur Gold Breakthrough as Market Value Surges
May 25, 2026
Waratah Minerals used its 2026 annual general meeting to highlight a transformational 18-month period marked by strong exploration success and a decisive strategic pivot to gold. The company’s work at the Spur Gold Project, including more th...
Waratah Minerals Plans Major Share Placement to Raise Capital
May 7, 2026
Waratah Minerals Limited has notified the ASX of a proposed placement of up to 77,419,355 ordinary fully paid shares. The new securities are scheduled for issue on 14 May 2026, marking a substantial capital-raising move that could bolster the comp...
Waratah Minerals raises A$48m to accelerate drilling at Spur Gold Project
May 7, 2026
Waratah Minerals has secured firm commitments to raise A$48 million through a share placement at A$0.62 per share to institutional, sophisticated and professional investors. The raise, completed at roughly a 12% discount to the last closing price,...
Battery Minerals Touts Aggressive Gold-Copper Exploration Strategy
May 5, 2026
Battery Minerals Ltd. is positioning itself as an emerging gold-copper explorer with large district-scale tenements in New South Wales and Victoria, including the Spur and Stavely-Stawell projects. The company emphasises its experienced management...
Waratah Minerals Requests ASX Trading Halt Ahead of Capital Raising
May 5, 2026
Waratah Minerals has requested and been granted a trading halt on its ordinary shares on the ASX from the start of trading on 5 May 2026. The halt will remain in place until either the company releases a capital raising placement announcement or t...
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.
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.