West Wits Mining Limited (AU:WWI)
ASX:WWI
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West Wits Mining Limited
(Sydney:WWI)
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Rating:40Underperform
Price Target:
AU$0.07
â–¼(-5.71% Downside)
Action:DowngradedDate:03/24/26
The score is driven primarily by weak financial quality—loss-making operations and negative cash flows—despite strong revenue growth and low leverage. Technically, the stock is in a bearish trend and trading below key moving averages, with oversold indicators providing only limited support. Valuation is constrained by negative earnings and the absence of dividend yield data.
Positive Factors
Revenue Growth
Sustained high revenue growth (63.64%) suggests the company is successfully advancing assets or monetizing project activity. Over a 2-6 month horizon this growth supports operational scale-up, improves visibility for project funding, and validates underlying project economics if sustained into development phases.
Negative Factors
Negative Operating & Free Cash Flow
Persistent negative operating and free cash flows force reliance on external financing to advance projects. For a developer this raises dilution and execution risk, can delay studies or permitting when funding is thin, and increases sensitivity to capital markets and gold price swings over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained high revenue growth (63.64%) suggests the company is successfully advancing assets or monetizing project activity. Over a 2-6 month horizon this growth supports operational scale-up, improves visibility for project funding, and validates underlying project economics if sustained into development phases.
Read all positive factors
West Wits Mining Limited (WWI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$299.91M
Dividend YieldN/A
Average Volume (3M)30.42M
Price to Earnings (P/E)―
Beta (1Y)2.05
Revenue GrowthN/A
EPS Growth-85.71%
CountryAU
Employees5
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding4,346,465,300
10 Day Avg. Volume29,920,168
30 Day Avg. Volume30,417,383
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)1.11
Price to Sales (P/S)932.19
P/FCF Ratio-10.58
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
West Wits Mining Limited Business Overview & Revenue Model
Company Description
West Wits Mining Limited explores for and develops gold and base metals mining tenements in South Africa and Western Australia. Its flagship project is the Witwatersrand Basin project located in South Africa. The company was incorporated in 2007 a...
How the Company Makes Money
WWI’s primary way to make money is through the development and operation of gold mining projects and the sale of produced gold into commodity markets. Where projects reach production, revenue is generated from gold doré/bullion sales, with cash fl...
West Wits Mining Limited Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.00K | 54.00K | 28.00K | 56.00K | 67.00K | 78.00K |
| Gross Profit | 12.00K | 54.00K | -110.00K | -116.00K | -33.00K | 74.00K |
| EBITDA | -4.41M | -2.19M | -1.68M | -2.95M | -5.53M | -431.00K |
| Net Income | -5.03M | -3.27M | -1.68M | -2.75M | -5.28M | -341.00K |
Balance Sheet | ||||||
| Total Assets | 74.57M | 43.42M | 28.23M | 25.93M | 27.28M | 15.49M |
| Cash, Cash Equivalents and Short-Term Investments | 22.56M | 12.15M | 1.41M | 1.37M | 2.33M | 973.00K |
| Total Debt | 17.70M | 1.05M | 68.00K | 150.00K | 1.00M | 129.00K |
| Total Liabilities | 22.12M | 5.88M | 3.10M | 3.14M | 5.01M | 2.57M |
| Stockholders Equity | 58.19M | 45.31M | 32.53M | 30.17M | 28.76M | 18.85M |
Cash Flow | ||||||
| Free Cash Flow | -12.43M | -4.76M | -2.92M | -4.92M | -13.30M | -4.72M |
| Operating Cash Flow | -5.03M | -1.18M | -1.53M | -2.68M | -3.00M | -2.01M |
| Investing Cash Flow | -16.12M | -3.58M | -1.40M | -2.24M | -10.30M | -2.71M |
| Financing Cash Flow | 42.71M | 15.44M | 2.90M | 4.44M | 14.67M | 4.43M |
West Wits Mining Limited Technical Analysis
Positive
0.07
Price Trends
0.08
Negative
0.07
Negative
0.05
Positive
Market Momentum
>-0.01
Negative
51.40
Neutral
48.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:WWI, the sentiment is Positive. The current price of 0.07 is above the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.08, and above the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.40 is Neutral, neither overbought nor oversold. The STOCH value of 48.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:WWI.
West Wits Mining Limited 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% | |
56 Neutral | AU$228.00M | -301.32 | -2.84% | ― | ― | 42.74% | |
52 Neutral | AU$294.64M | -54.81 | -18.74% | ― | ― | 14.63% | |
46 Neutral | AU$110.46M | -8.13 | -13.28% | ― | ― | 3.85% | |
43 Neutral | AU$117.86M | -21.55 | -25.67% | ― | ― | -700.00% | |
40 Underperform | AU$299.91M | -21.67 | -9.73% | ― | ― | -85.71% |
* Basic Materials Sector Average
AU:WWI
West Wits Mining Limited
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West Wits Mining Limited Corporate Events
West Wits Shareholders Back Capital Moves and Share Consolidation
Apr 8, 2026
West Wits Mining Limited reported that all resolutions put to shareholders at its 8 April 2026 Extraordinary General Meeting were passed, reflecting strong investor support for the company’s recent capital management actions. The meeting rat...
West Wits Mining targets investors as it steps up gold production push
Mar 22, 2026
West Wits Mining has announced that senior board and management representatives will engage investors at a series of events in Sydney and on the Gold Coast between 23 and 26 March 2026. The team, including Chairman Michael Quinert and Non-Executiv...
West Wits Mining Issues New Shares on Convertible Note Conversion
Mar 20, 2026
West Wits Mining has issued 2,500,000 fully paid ordinary shares following the conversion of two convertible notes, expanding its share capital without providing a prospectus-style disclosure to investors under Part 6D.2 of the Corporations Act. T...
West Wits Mining Seeks ASX Quotation for 2.5 Million New Shares
Mar 20, 2026
West Wits Mining Limited has applied to the ASX for quotation of 2,500,000 new ordinary fully paid shares under the code WWI, issued on March 20, 2026. The additional securities arise from the exercise or conversion of existing options or other co...
West Wits Mining Issues New Shares on Option Exercise and Confirms Compliance
Mar 19, 2026
West Wits Mining has issued 17,045,454 fully paid ordinary shares following the exercise of an equivalent number of WWIO options, expanding its share base without undertaking a formal disclosure to investors under the prospectus provisions of the ...
West Wits Mining Seeks ASX Quotation for 17 Million New Shares
Mar 19, 2026
West Wits Mining Limited has applied to the ASX for quotation of 17,045,454 new ordinary fully paid shares, to be listed under its existing ticker WWI. The issuance of these additional securities, dated March 19, 2026, will expand the company̵...
West Wits pours first gold at pioneering Qala Shallows mine in South Africa
Mar 17, 2026
West Wits Mining has produced its first gold from the Qala Shallows Gold Project, the initial stage of its Witwatersrand Basin Project in Gauteng, South Africa, with the inaugural pour completed on 17 March 2026 at Sibanye-Stillwater’s Ezulw...
West Wits Mining Releases Half-Year Report for 2025
Mar 13, 2026
West Wits Mining Limited has released its half-year report for the period from 1 July to 31 December 2025, outlining its operations review, directors’ report, and financial statements. The document provides shareholders with an overview of t...
S&P Dow Jones Finalises March 2026 All Ordinaries Rebalance
Mar 10, 2026
SP Dow Jones Indices has updated the March 2026 quarterly rebalance of the Australian All Ordinaries index, reversing earlier decisions involving African Gold Limited and American Rare Earths Limited. The revised outcome confirms that African Gold...
S&P Dow Jones Indices Unveils March 2026 Rebalance of S&P/ASX Benchmarks
Mar 6, 2026
SP Dow Jones Indices has announced the March 2026 quarterly rebalance of its SP/ASX index family, with changes effective before trading opens on March 23. The reshuffle alters membership across the SP/ASX 20, 50, 100, 200 and 300, reflecting shift...
West Wits Mining to Consolidate Shares and Listed Securities
Mar 5, 2026
West Wits Mining Limited has announced a security consolidation affecting its ordinary fully paid shares and several classes of options, performance rights and warrants listed on the ASX. The consolidation, which has been classified as a new annou...
West Wits Calls Extraordinary Meeting to Ratify Major Capital Raising
Mar 5, 2026
West Wits Mining Limited has called an Extraordinary General Meeting for 8 April 2026 in Melbourne, advising shareholders that meeting documentation will be provided electronically unless a physical copy is specifically requested. Shareholders are...
West Wits CEO Sells Shares to Cover Tax Obligations
Mar 5, 2026
West Wits Mining Limited announced that Chief Executive Officer and Managing Director Rudi Deysel has sold a parcel of ordinary shares in the company. The company stated the sale was executed solely to meet personal income tax obligations in South...
West Wits Director Boosts Shareholding via Performance Rights Exercise
Feb 20, 2026
West Wits Mining has reported a change in director Michael Quinert’s holdings following the exercise of incentive performance rights. Quinert, through his related entity Kastin Pty Ltd, converted 2,500,000 vested performance rights into an e...
West Wits steps up investor outreach at Cape Town mining conferences
Feb 8, 2026
West Wits Mining has announced that senior board and management representatives will participate in key investor and industry conferences in Cape Town in February 2026. Managing Director Rudi Deysel and Chairman Michael Quinert will attend the Min...
West Wits boosts Witwatersrand resource to 7.24Moz on new prospecting right
Feb 1, 2026
West Wits Mining has announced a 44% increase in the JORC (2012) Mineral Resource Estimate for its Witwatersrand Basin Project to 7.24 million ounces at an average grade of 4.0 grams per tonne, with 4 million ounces now in the Measured and Indicat...
West Wits Mining Webinar Charts Path to First Gold and Funded Growth
Jan 29, 2026
West Wits Mining has provided investors with an operational and strategic update via a quarterly webinar, highlighting progress at its Qala Shallows project as it moves toward first gold production. Management detailed workforce expansion, equipme...
West Wits Mining Issues 1.5 Million Unquoted Options Under Employee Incentive Scheme
Jan 28, 2026
West Wits Mining Limited has notified the market of the issue of 1.5 million unquoted options under an employee incentive scheme, recorded as security code WWIAC and exercisable at various prices and expiry dates. The move expands the company̵...
West Wits Mining Issues Over 220 Million Unquoted Options
Jan 27, 2026
West Wits Mining Limited has notified the market of the issue of 220,874,997 unquoted options under the security code WWIAC, expiring on various dates and at various exercise prices, with an issue date of 27 January 2026. These unquoted options, p...
West Wits Mining Issues 421.8 Million New Shares Under Cleansing Notice
Jan 27, 2026
West Wits Mining Limited, listed on the ASX under the code WWI, operates in the mining sector, with its primary business focused on the exploration and development of mineral resources.The company has issued 421,750,000 fully paid ordinary shares ...
West Wits Mining Seeks Quotation for 421.8 Million New Shares on ASX
Jan 27, 2026
West Wits Mining Limited has applied to the ASX for the quotation of 421,750,000 new ordinary fully paid shares, effective 27 January 2026. The large issuance, linked to previously flagged transactions, will significantly increase the company̵...
West Wits Mining Options Lapse, Trimming Potential Dilution
Jan 23, 2026
West Wits Mining Limited has announced the cessation of 4.9 million WWIAC options, which expired unexercised on 16 January 2026. The expiry of these options slightly reduces the company’s pool of potential dilutive securities, marginally sim...
West Wits Mining Schedules Investor Webinar on Quarterly Results and Qala Shallows Mine Launch
Jan 23, 2026
West Wits Mining will release a quarterly investor webinar on 29 January 2026, led by CEO Rudi Deysel, to discuss its latest quarterly results, a recent capital raising, and the December 2025 opening of the Qala Shallows mine. The company is invit...
West Wits Secures A$33.7m to Fully Fund Qala Shallows Gold Project
Jan 21, 2026
West Wits Mining has upsized its institutional placement to A$33.74 million after Tribeca Investment Partners lifted its strategic investment to A$10 million, cementing Tribeca as a cornerstone institutional shareholder. The funding fully finances...
West Wits Mining Plans Major Share and Option Issue to Boost Capital Base
Jan 20, 2026
West Wits Mining Limited has announced a proposed issue of new securities comprising up to 343,750,000 ordinary fully paid shares and 181,875,000 options with varying expiry dates and exercise prices. The capital raising, to be conducted as a plac...
West Wits Raises A$27.5m to Fund Qala Shallows Gold Push and Uranium Growth
Jan 20, 2026
West Wits Mining has raised A$27.5 million through a firm placement of 343.75 million shares at A$0.08 each, largely to institutional investors, with attached options, in a deal arranged by Evolution Capital. The funds will fully finance mine deve...
West Wits Mining Issues 8.9 Million Shares on Option Exercise
Jan 16, 2026
West Wits Mining Limited has issued 8,918,700 fully paid ordinary shares following the exercise of an equivalent number of quoted WWIO options. The company advised that these shares were issued without a disclosure document under the Corporations ...
West Wits Mining Seeks ASX Quotation for 8.9 Million New Shares
Jan 16, 2026
West Wits Mining Limited has applied to the ASX for quotation of 8,918,700 new fully paid ordinary shares, to be issued on 16 January 2026 under the company’s existing listing rules framework. The additional securities, arising from the exer...
West Wits Director Increases Shareholding via Exercise of Performance Rights
Jan 15, 2026
West Wits Mining Limited has disclosed a change in the indirect equity interests of director Michael Quinert, reflecting adjustments in his holdings in the company’s fully paid ordinary shares and performance rights held via his related enti...
West Wits Mining Issues New Shares on Exercise of Options
Jan 15, 2026
West Wits Mining Limited has issued 2,360,748 new fully paid ordinary shares following the exercise of an equivalent number of quoted options, increasing its share capital base. The company confirmed the shares were issued without a prospectus und...
West Wits Mining Seeks Quotation of 2.36 Million New Shares on ASX
Jan 15, 2026
West Wits Mining Limited has applied for the quotation of 2,360,748 new fully paid ordinary shares on the ASX under its existing ticker, WWI. The additional shares, issued on 15 January 2026 following the exercise or conversion of existing options...
West Wits Mining Issues 25 Million Shares on Performance Rights Conversion
Jan 13, 2026
West Wits Mining Limited has issued 25 million fully paid ordinary shares following the exercise of an equivalent number of unquoted performance rights, increasing its share capital without providing a prospectus or other disclosure document under...
West Wits Mining Seeks ASX Quotation for 25 Million New Shares
Jan 13, 2026
West Wits Mining Limited has applied for quotation on the ASX of 25 million new ordinary fully paid shares, to be issued on 13 January 2026. The additional securities, arising from the exercise or conversion of existing options or other convertibl...
West Wits Mining Issues Over 10.8 Million New Shares Under Cleansing Notice
Jan 9, 2026
West Wits Mining Limited has issued 10,847,650 new fully paid ordinary shares on 9 January 2026, following the exercise of 1,347,650 quoted options and the conversion of 9,500,000 unquoted performance rights, and has lodged an Appendix 2A with the...
West Wits Mining Seeks ASX Quotation for 10.8 Million New Shares
Jan 9, 2026
West Wits Mining Limited has applied to the ASX for quotation of 10,847,650 new ordinary fully paid shares, effective 9 January 2026. The additional securities, issued following the exercise or conversion of existing options or other convertible i...
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.