Norwest Minerals Limited (NWM.AX)
Norwest Minerals Limited operates in the Gold industry of the Basic Materials sector, headquartered in West Perth, WA, AU. The stock last traded at $0.01, down 12.50% on the session, giving a market capitalisation of $7.6M. Its beta of 2.19 implies it has historically moved more than the broad market.
Headquartered in West Perth, Australia, Norwest Minerals Limited is an Australian mineral exploration company founded in 2017. Its core business involves prospecting for valuable resources across Australia, specifically targeting gold, copper, nickel, rare earth elements, and lithium deposits. The company's diverse asset portfolio includes a wholly-owned 39 square kilometer Bulgera gold project, situated within Western Australia's Plutonic Well Greenstone Belt; the Marriott project, comprising a single mining lease spanning approximately 400 square meters southeast of Leinster; and the 100% owned Bali copper project, covering 41 square kilometers west of Paraburdoo in Western Australia, which features four distinct prospects identified along an 8-kilometer northwest-trending shear zone. Additionally, Norwest Minerals holds an 83% ownership in the 840 square kilometer Arunta West gold and copper project, also located in Western Australia, and an 84% interest in the Marymia East project, made up of two granted exploration tenements totaling about 230 square kilometers, positioned east of the Plutonic Gold Mine.
Norwest Minerals Limited is most often compared with the following Basic Materials names: