Waratah Minerals Limited (WTM.AX)
Waratah Minerals Limited operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Orange, WA, AU. The stock last traded at $0.56, down 1.74% on the session, giving a market capitalisation of $84.4M. Its beta of 2.26 implies it has historically moved more than the broad market.
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 Spur Project, which includes exploration license EL5238 located in central western New South Wales. Its holdings also extend to the Stavely-Stawell Project, represented by exploration license EL6871 in western Victoria, Australia. Additionally, the portfolio features the Azura Project in Western Australia, encompassing roughly 258 square kilometers, consisting of three granted exploration licenses (E80/4944, E80/5116, and E80/5347) and one pending application (E80/5348). Beyond its core exploration activities, the company also engages in investment ventures within Australia. Established in 2011 and headquartered in Orange, Australia, the entity adopted its current name, Waratah Minerals Limited, in December 2023, having previously operated as Battery Minerals Limited.
Waratah Minerals Limited is most often compared with the following Basic Materials names: