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Home CompaniesWestern Mines Group Ltd

Western Mines Group Ltd

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.12 AUD -0.01 ( 4.00%)
Last update at 2026-11-12T05:10:00Z
VOLUME
54621
Market Cap
16.30M

Momentum Score

…

Western Mines Group Ltd, a mineral exploration company, engages in the exploration and development of mineral properties in Australia. The company explores nickel sulphide, copper, lithium, platinum group elements, and gold deposits. Its flagship project is the Mulga Tank Ni-Cu-PGE project comprising exploration licenses E39/2132, E39/2134, and E39/2223, and exploration license application E39/2299, E39/2609 and E39/2610 covering an area approximately 449 square kilometers located in the east-northeast of Kalgoorlie, Western Australia. Western Mines Group Ltd was incorporated in 2020 and is based in Subiaco, Australia.

Source: TradingView
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Day Price Range
0.12
Low
0.12
High
52 Week Price Range
0.12
Low
0.34
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Western Mines Group Ltd is an Australian-listed mineral exploration and development company focused on identifying and advancing mineral projects through exploration and resource definition. Long-term growth drivers include successful exploration results, favourable commodity markets and progress toward resource delineation or farm-out/development arrangements, which may benefit investors through potential resource value creation.
Principal risks are high exploration and execution risk, reliance on volatile commodity prices, likely need for repeated capital raising with shareholder dilution, and regulatory and permitting challenges that could delay or prevent project development.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.12
Dividend Yield
-
Revenue TTM
0.01M
Revenue Per Share
-
Gross Profit TTM
0.01M
Debt / Equity
0.00
ROE
-26.75%
Net Debt
-1.52M
ROCE
-23.96%
Diluted EPS TTM
-0.03

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -3.46M -1.73M -1.38M -1.05M -1.07M
Net income -3.46M -1.73M -1.38M -1.05M -1.07M
Selling general administrative 0.70M 0.67M 0.71M 1.04M 1.27M
Selling and marketing expenses 2.53M 0.56M 0.62M - -
Gross profit - 0.01M -0.05M - -
Reconciled depreciation - - 0.05M 0.01M 0.00M
Ebit -3.34M -1.50M -1.38M -1.05M -1.27M
Ebitda -3.26M -1.22M -1.33M - -1.27M
Depreciation and amortization 0.08M 0.28M 0.05M - 0.00M
Operating income -3.23M -1.22M -1.33M -1.05M -1.27M
Other operating expenses 3.23M 1.23M 1.38M - 1.27M
Tax provision - 0.00M 0.00M 0.00M 0.00M
Interest income - 0.00M 0.05M 0.05M -
Net interest income - - 0.05M 0.05M -
Income tax expense - - -0.11M - -
Total revenue - 0.01M 0.05M 0.05M 0.00M
Total operating expenses 3.23M 1.23M 1.33M - 1.27M
Cost of revenue - 0.25M 0.05M - -
Total other income expense net -0.23M -0.51M 0.00M - 0.20M
Net income from continuing ops - - -1.38M -1.05M -1.07M
Net income applicable to common shares - -1.73M -1.38M -1.05M -1.07M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 15.61M 12.20M 11.74M 8.92M 6.03M
Other current assets 0.27M 0.05M 0.34M 0.02M 0.04M
Total liab 1.70M 0.25M 2.09M 0.85M 0.83M
Total stockholder equity 13.90M 11.95M 9.65M 8.06M 5.20M
Other current liab 0.17M 0.14M 1.66M 0.08M 0.04M
Common stock 19.42M 16.13M 12.37M 9.47M 5.85M
Capital stock - - - 9.47M 5.85M
Retained earnings -8.12M -5.59M -4.19M -2.87M -1.97M
Other liab - - - 0.00M -
Cash 1.58M 1.56M 2.13M 3.27M 3.68M
Total current liabilities 1.65M 0.25M 2.08M 0.85M 0.83M
Net debt -1.52M -1.56M -2.13M - -3.68M
Short term debt 0.02M - - 0.00M 0.00M
Short long term debt total 0.06M - - - -
Other stockholder equity - - - 1.47M 1.33M
Property plant equipment - - - 5.23M 2.21M
Total current assets 1.85M 1.67M 2.47M 3.68M 3.82M
Net tangible assets - - - 8.06M 5.20M
Net receivables - 0.05M 0.14M 0.39M 0.10M
Inventory - - -0.14M - -
Accounts payable 1.46M 0.11M 0.42M 0.75M 0.80M
Accumulated other comprehensive income 2.60M 1.41M 1.47M - 1.33M
Non currrent assets other 0.01M - - - -
Non current assets total 13.75M 10.53M 9.27M 5.23M 2.21M
Long term debt total - - - 0.00M 0.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - - -4.08M -3.24M -0.87M
Change to liabilities - - - 0.02M 0.03M
Total cashflows from investing activities -2.17M -1.82M -4.08M -3.24M -0.87M
Total cash from financing activities 3.46M 2.41M 3.90M 3.67M 5.11M
Change to operating activities - - - 0.03M -0.03M
Net income -3.46M -1.73M -1.38M -1.05M -1.07M
Change in cash 0.01M -0.56M -1.15M -0.41M 3.35M
Begin period cash flow 1.56M 2.13M 3.27M 3.68M 0.34M
End period cash flow 1.58M 1.56M 2.13M 3.27M 3.68M
Total cash from operating activities -1.28M -1.15M -0.97M -0.84M -0.89M
Issuance of capital stock - - 4.13M 3.87M 5.50M
Depreciation 0.10M 0.28M 0.05M 0.01M 0.00M
Other cashflows from investing activities 0.35M 0.40M -4.07M - 0.20M
Change to account receivables -0.10M 0.01M 0.11M -0.07M -0.08M
Sale purchase of stock - 2.59M -0.23M 3.87M -0.39M
Other cashflows from financing activities 3.48M -0.18M -4.08M -0.19M -0.87M
Change to netincome - - - 0.23M 0.26M
Capital expenditures 2.52M 2.22M 4.48M 3.24M 1.07M
Change in working capital -0.11M -0.02M 0.18M 0.03M -
Stock based compensation 1.93M 0.01M 0.12M - -
Other non cash items 0.27M 0.31M 0.05M - -
Free cash flow -3.80M -3.37M -5.45M -4.08M -1.07M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
WMG
Western Mines Group Ltd		 -0.01
4.00%		 0.12 - - 1948.85 1.17 -4.01
NEM
Newmont Corporation		 -4.95
2.80%		 171.70 12.09 10.42 6.66 3.15 6.49
NST
Northern Star Resources Ltd		 -0.60
2.24%		 26.13 22.36 18.80 4.85 2.15 8.33
EVN
Evolution Mining Ltd		 -0.59
4.21%		 13.41 18.16 13.61 4.88 4.07 7.74
DPM
Dpm Metals Inc.		 -2.48
4.45%		 53.25 12.00 9.34 9.29 2.70 8.45

Profile*

Western Mines Group Ltd

Western Mines Group Ltd, a mineral exploration company, engages in the exploration and development of mineral properties in Australia. The company explores nickel sulphide, copper, lithium, platinum group elements, and gold deposits. Its flagship project is the Mulga Tank Ni-Cu-PGE project comprising exploration licenses E39/2132, E39/2134, and E39/2223, and exploration license application E39/2299, E39/2609 and E39/2610 covering an area approximately 449 square kilometers located in the east-northeast of Kalgoorlie, Western Australia. Western Mines Group Ltd was incorporated in 2020 and is based in Subiaco, Australia.

Unit 10, 448 Roberts Road, Subiaco, WA, Australia, 6008

61 4 7511 6798

https://www.westernmines.com.au

Name Title Year Born
Dr. Caedmon Samuel Marriott M.A., M.S., Ph.D. MD & Director NA
Dr. Benjamin Grguric Technical Director & Director NA
Mr. Travis Kerslake Exploration Mang. NA
Ms. Elizabeth Spooner Joint Company Sec. NA
Mr. Lee Tamplin B.A. Joint Company Sec. NA
Mr. Travis Kerslake Exploration Manager NA
Mr. Ian Edward Gregory B.Bus, F Fin, FCIS, FGIA, M.A.I.C.D. Company Secretary 1955
Mr. Travis Kerslake Exploration Manager NA
Mr. Ian Edward Gregory B.Bus, F Fin, FCIS, FGIA, M.A.I.C.D. Company Secretary 1955
Mr. Travis Kerslake Exploration Manager NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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