Reported Earnings • Mar 17
First half 2026 earnings released: AU$0.004 loss per share (vs AU$0.009 loss in 1H 2025) First half 2026 results: AU$0.004 loss per share (improved from AU$0.009 loss in 1H 2025). Net loss: AU$1.05m (loss narrowed 22% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. New Risk • Mar 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.9m free cash flow). Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (98% increase in shares outstanding). Revenue is less than US$1m (AU$163k revenue, or US$114k). Market cap is less than US$10m (AU$7.44m market cap, or US$5.20m). Board Change • Jan 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non Executive Chairman Mark Bolton was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Nov 03
West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 68,181,818
Price\Range: AUD 0.022
Discount Per Security: AUD 0.00132
Transaction Features: Subsequent Direct Listing Reported Earnings • Sep 27
Full year 2025 earnings released: AU$0.009 loss per share (vs AU$0.028 loss in FY 2024) Full year 2025 results: AU$0.009 loss per share (improved from AU$0.028 loss in FY 2024). Net loss: AU$1.52m (loss narrowed 52% from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Annonce • Sep 24
West Cobar Metals Limited, Annual General Meeting, Nov 21, 2025 West Cobar Metals Limited, Annual General Meeting, Nov 21, 2025. Annonce • Jun 06
West Cobar Metals Limited (ASX:WC1) completed the acquisition of Tenement E28/2513 in the Fraser Range, Western Australia from IGO Newsearch Pty Ltd. West Cobar Metals Limited (ASX:WC1) signed an asset sale agreement to acquire Tenement E28/2513 in the Fraser Range, Western Australia from IGO Newsearch Pty Ltd. on March 5, 2025. In consideration for the transfer of its interests in the tenement E28/2513, West Cobar Metals Limited will issue to IGO Newsearch Pty Ltd. a total of AUD 5 million unlisted options in West Cobar Metals Limited with an exercise price of 8c and expiry of 3 yrs from issue. A Net Smelter Royalty held by Loded Dog is currently in place with respect to E28/2513 at a rate of 1.5% for gold and 1% for all other minerals.
The transaction is subject to approval of offer by acquirer shareholders and obtaining consent from and entry into deeds of covenant with Loded Dog and with the Ngadju native title organisation in relation to E28/2513. The expected completion of the transaction is August 28, 2025.
West Cobar Metals Limited (ASX:WC1) completed the acquisition of Tenement E28/2513 in the Fraser Range, Western Australia from IGO Newsearch Pty Ltd. on June 6, 2025. Annonce • May 09
West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.503473 million. West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.503473 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 28,222,958
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,244,125
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Transaction Features: Subsequent Direct Listing Annonce • Mar 07
West Cobar Metals Limited (ASX:WC1) signed an asset sale agreement to acquire 70% stake in E28/2528, E28/2529 and E28/2595 Tenements from IGO Newsearch Pty Ltd. for AUD 0.2 million. West Cobar Metals Limited (ASX:WC1) signed an asset sale agreement to acquire 70% stake in E28/2528, E28/2529 and E28/2595 Tenements from IGO Newsearch Pty Ltd. for AUD 0.2 million on March 5, 2025. The consideration consists of 10 million common equity of West Cobar Metals Limited to be issued for assets of E28/2528, E28/2529 and E28/2595 Tenements. West Cobar Metals Limited will also issue to IGO Newsearch Pty Ltd. a total of AUD 5 million unlisted options in West Cobar Metals Limited with an exercise price of 8c and expiry of 3 yrs from issue. In addition, IGO Newsearch Pty Ltd. will be granted a 1.5% Net Smelter Royalty over West Cobar Metals Limited’s share of production revenue from the E28/2528, E28/2529 and E28/2595 Tenements.
The transaction is subject to approval of offer by acquirer shareholders and obtaining waiver of pre-emption rights, consent and entering a deed of covenant with Rumble Resources Limited in relation to the E28/2528, E28/2529 and E28/2595 Tenements. The expected completion of the transaction is May 30, 2025. Annonce • Mar 05
West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.45 million. West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.45 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 24,880,875
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,244,125
Price\Range: AUD 0.016
Discount Per Security: AUD 0.00096
Transaction Features: Subsequent Direct Listing New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 51% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Revenue is less than US$1m (AU$51k revenue, or US$32k). Market cap is less than US$10m (AU$4.22m market cap, or US$2.63m). Annonce • Dec 10
West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.175 million. West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.175 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 14,583,333
Price\Range: AUD 0.012
Discount Per Security: AUD 0.00072
Transaction Features: Subsequent Direct Listing Annonce • Oct 17
West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.838752 million. West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.838752 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 38,125,082
Price\Range: AUD 0.022
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Sep 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.7m free cash flow). Earnings have declined by 51% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (AU$51k revenue, or US$36k). Market cap is less than US$10m (AU$3.97m market cap, or US$2.74m). Annonce • Sep 26
West Cobar Metals Limited, Annual General Meeting, Nov 21, 2024 West Cobar Metals Limited, Annual General Meeting, Nov 21, 2024. New Risk • Sep 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (AU$741k revenue, or US$509k). Market cap is less than US$10m (AU$4.12m market cap, or US$2.83m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). New Risk • Jul 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (AU$741k revenue, or US$500k). Market cap is less than US$10m (AU$4.73m market cap, or US$3.19m). Annonce • Jun 27
West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.966403 million. West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.966403 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,200,082
Price\Range: AUD 0.032
Discount Per Security: AUD 0.00192
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Jun 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m (AU$741k revenue, or US$493k). Market cap is less than US$10m (AU$4.89m market cap, or US$3.25m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Reported Earnings • Mar 13
First half 2024 earnings released: EPS: AU$0 (vs AU$0.012 loss in 1H 2023) First half 2024 results: EPS: AU$0 (improved from AU$0.012 loss in 1H 2023). Net loss: AU$7.3k (loss narrowed 99% from 1H 2023). New Risk • Mar 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$3.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$3.1m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m (AU$741k revenue, or US$491k). Market cap is less than US$10m (AU$5.32m market cap, or US$3.52m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Jan 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 68% per year over the past 5 years. Revenue is less than US$1m (AU$44k revenue, or US$29k). Market cap is less than US$10m (AU$6.64m market cap, or US$4.37m). Minor Risk Shareholders have been diluted in the past year (26% increase in shares outstanding). Annonce • Dec 22
West Cobar Metals Limited Announces Executive Changes West Cobar Metals Limited announced that Mr. Jerry Monzu has been appointed as Company Secretary. Mr. Monzu BBus, FCPA, FGIA is a founding director of Capella Corporate Consulting, a company specialising in the provision of company secretarial, corporate governance and corporate advisory services. Prior to establishing Capella Corporate Consulting, Mr. Monzu had extensive corporate and commercial experience as a finance professional for large and medium sized public multinational companies, predominantly in the mining and oil and gas industries. He has provided Company Secretarial, CFO and Directorial services to a number of listed and unlisted entities on the ASX, AIM and JSE stock markets. Mr. Monzu replaces Mr. Craig McNab who has now stepped down from his role as Company Secretary. New Risk • Nov 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 68% per year over the past 5 years. Revenue is less than US$1m (AU$44k revenue, or US$29k). Market cap is less than US$10m (AU$7.07m market cap, or US$4.70m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Annonce • Nov 29
West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.7348 million. West Cobar Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.7348 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,246,667
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Nov 24
West Cobar Metals Limited Announces Resignation of Kevin Das as Non-Executive Director West Cobar Metals Limited advised that following a review of the board skills matrix and the stage of the development of the Company, Non-Executive Director Kevin Das has agreed to resign as a member of the Board of Directors effective, 24 November 2023. Annonce • Nov 04
West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.57 million. West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.57 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,500,000
Price\Range: AUD 0.06
Security Features: Attached Options Annonce • Nov 03
West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.7348 million. West Cobar Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.7348 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 12,246,667
Price\Range: AUD 0.06
Discount Per Security: AUD 0.0036
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Sep 30
West Cobar Metals Limited, Annual General Meeting, Nov 24, 2023 West Cobar Metals Limited, Annual General Meeting, Nov 24, 2023. Agenda: To consider the election of Directors. Annonce • Sep 26
West Cobar Metals Limited (ASX:WC1) entered into a binding agreement to acquire Four Exploration Licences E63/2056, E63/2083, E63/2078 and E63/2063 from Dundas Minerals Limited (ASX:DUN) for AUD 0.45 million. West Cobar Metals Limited (ASX:WC1) entered into a binding agreement to acquire Four Exploration Licences E63/2056, E63/2083, E63/2078 and E63/2063 from Dundas Minerals Limited (ASX:DUN) for AUD 0.45 million on September 25, 2023. West Cobar will pay AUD 0.02 million in cash and issue 5 million shares. The transaction is subject to shareholder approval at West Cobar's upcoming Annual General Meeting. The transaction is also subject to standard conditions for a transaction of this nature including any necessary regulatory approvals. New Risk • Sep 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 86% per year over the past 5 years. Shareholders have been substantially diluted in the past year (134% increase in shares outstanding). Revenue is less than US$1m (AU$20k revenue, or US$13k). Market cap is less than US$10m (AU$7.77m market cap, or US$5.00m). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Sep 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 86% per year over the past 5 years. Shareholders have been substantially diluted in the past year (134% increase in shares outstanding). Revenue is less than US$1m (AU$20k revenue, or US$13k). Market cap is less than US$10m (AU$8.26m market cap, or US$5.32m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (16% average weekly change). New Risk • Aug 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 86% per year over the past 5 years. Shareholders have been substantially diluted in the past year (134% increase in shares outstanding). Revenue is less than US$1m (AU$20k revenue, or US$13k). Market cap is less than US$10m (AU$9.13m market cap, or US$5.99m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Annonce • Feb 09
West Cobar Metals Limited Appoints Mark Bolton to the company's Board of Directors as Non-Executive Director West Cobar Metals Limited announced that it has appointed Mr. Mark Bolton to the company's Board of Directors as a Non-executive Director. Mark, who will commence his role at West Cobar from February 8, 2023, has more than 30 years of experience in the resources sector. Mark was a Director at Ernst & Young's Corporate Finance division, before subsequently holding senior executive roles for several companies listed on the AIM, ASX, LSE and TSX including Global CFO for First Quantum Minerals. Mark cofounded Salazar Minerals Pty Ltd. and is currently a non-executive director of Synergia Energy Limited (AIM) and executive director of Panthera Resources Plc (AIM). Annonce • Feb 08
West Cobar Metals Limited Reports Initial Assay Results from its Recent Drill Program at the Salazar Clay Rare Earth Element Project in Western Australia West Cobar Metals Limited reported initial assay results from its recent drill program at the Salazar Clay Rare Earth Element Project, 150km NE of the town of Esperance in Western Australia. The phase 1 air core program of 283 holes for a total of 9342m was designed to expand the existing Inferred Resource of 43.5Mt at 1192ppm total rare earths oxide (TREO) at Newmont 1, explore E63/1496 to the south of the Newmont deposit, and to explore part of the O'Connor licence area (E63/1469). High grade REE results received from the first 13 holes of a 283-hole aircore drill program at the Newmont and O'Connor REE are encouraging and represents less than 5% of holes drilled. The drill samples were analysed by Bureau Veritas, with the balance of assay results expected through the months of February and March 2023. The final assay results will be integrated with the historical data to produce an updated Inferred Resource for the Newmont deposit during Second Quarter 2023. NEWMONT DEPOSIT: The initial assay results confirm the presence of high TREO grades at Newmont, together with exceptionally high heavy rare earth oxide, magnetic rare earth oxide (including terbium and dysprosium) at Newmont with 1103ppm HREO over 34m, including 9487ppm HREO over 2m in SZA070 and locally high scandium oxide content. The drill results received to date at Newmont all lie adjoining but outside the area of the existing Inferred Resource. O'CONNOR PROSPECT: The north-northwest drill section at the O'Connor Prospect is seen to extend for approximately 4.5km in length. The recent drilling has validated the continuity of high REE grades and the shallow nature of the REE mineralisation at O'Connor. REE mineralisation varies between 2m to 23m thickness with TREO intersection values up to 3258ppm at a 500ppm cut off1. Compared to Newmont, O'Connor is relatively higher in the light magnet rare earth oxides neodymium and praseodymium. METALLURGICAL TESTWORK: Concurrently metallurgical testwork is being undertaken to bring the deposit into development as soon as possible. Newmont is currently one of the higher grade (1192ppm TREO at 500ppm TREO cut-off1) clay hosted REE resource in Australia. It is a well advanced REE deposit having the benefit and results of many years of testwork and research into the commercial extraction of REE. Annonce • Jan 24
West Cobar Metals Limited Provides an Update on its Drilling Activities at the Salazar Clay Rare Earth Element Project West Cobar Metals Limited provided an update on its drilling activities at the Salazar Clay Rare Earth Element (REE) Project, 125km NE of the town of Esperance in Western Australia. West Cobar has completed a total of 283 holes for a total of 9342m of its phase 1 air core program at the Salazar REE project. The program was planned to extend the existing Inferred Resource of 43.5Mt at 1192ppm total rare earths oxide (TREO) at Newmont 1, explore E63/1496 to the south of the Newmont deposit, and to explore part of the O'Connor licence area (E63/1469). Pre-Christmas drill samples are being analysed at Bureau Veritas, with assay results expected during February. Drill samples from the January 2023 program have also been dispatched to Bureau Veritas for analysis and are expected during March 2023. The final assay results will be integrated with the historical data to produce an updated Inferred Resource for the Newmont deposit during second quarter of 2023. Annonce • Jan 09
West Cobar Metals Limited Recommences Drilling Activities At the Salazar Clay Rare Earth Element West Cobar Metals Limited reported that drilling activities have recommenced at the Salazar Clay Rare Earth Element (REE) Project, 125km NE of the town of Esperance in Western Australia. Prior to the Christmas break, West Cobar completed 2,781m of its 9,000m phase 1 air core program and has recommenced drilling on 9th January 2023 and will continue through to completion in first quarter of 2023. The program is planned to extend the existing Inferred Resource of 43.5Mt at 1192ppm total rare earths oxide (TREO) at Newmont 1, explore the southern part of E63/1496 which contains the Newmont deposit, and to explore the O'Connor licence area (E63/1469). Drill samples from the program have been sent to Bureau Veritas and are being prepared for analysis. Assay results are expected during First Quarter 2023. The final assay results will then be integrated with the historical data to produce an updated Inferred Resource for the Newmont deposit during Second Quarter 2023. Annonce • Dec 20
West Cobar Metals Limited Provides Salazar REE Drilling Update West Cobar Metals Limited provided an update on its drilling activities at the Salazar Clay Rare Earth Element (REE) Project, 125km NE of the town of Esperance in Western Australia. West Cobar has completed 2,781m of its 9,000m phase 1 air core program ahead of the Christmas break. The program is planned to extend the existing Inferred Resource of 43.5Mt at 1192ppm total rare earths oxide (TREO) at Newmont 1, explore the southern part of E63/1496 which contains the Newmont deposit, and to explore the O'Connor licence area (E63/1469). Drill samples from the program will be sent to Bureau Veritas. Assay results are expected during First Quarter 2023. The phase 1 air core drilling program will recommence in January 2023 and continue to completion in First Quarter 2023. The final assay results will then be integrated with the historical data to produce an updated Inferred Resource for the Newmont deposit during Second Quarter 2023. Annonce • Dec 13
West Cobar Metals Limited Commences Drilling to Expand Salazar Ree Resource - Amended West Cobar Metals Limited provided an update on its drilling activities at the Salazar Clay Rare Earth Element (REE) Project, 125km NE of the town of Esperance in Western Australia. The phase 1 aircore drilling program of 9,000m is now underway and will continue to completion early in the new year. The program is planned to extend the existing Inferred Resource of 43.5Mt at 1192ppm total rare earths oxide (TREO) at Newmont1, explore the southern part of E63/1496 which contains the Newmont deposit, and to explore the O'Connor licence area (E63/1469). The intention is to both increase the Inferred Resource at Newmont and to delineate areas where additional Inferred Resources can be defined. Programs of Work (PoWs) for the planned drill programs have been approved by the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS). Assay results from the drilling are expected within four to six weeks of sample dispatch. The results will be integrated with available historical data and an updated Inferred Resource for the Newmont deposit is expected to be delivered in Q2, 2023. Extensive exploration and resource drilling commenced at the Salazar project in December 2022 and will continue to completion into Q1, 2023, with a resource upgrade at Newmont expected in Q2, 2023. West Cobar has also re-engaged beneficiation trials with the University of Newcastle and is in the process of re-engaging metallurgical studies with industry partners in the new year. In addition, the Company plans to commence aeromagnetic surveys and drill programs at its Cobar West (Cawkers Well and Nantilla) projects once landholder negotiations have concluded. Planned and completed activities for 2022/2023 for West Cobar projects are shown below. Exploration targets are based on consideration of actual historical drill hole assay results with intersection cut-offs of 500ppm TREO (approximately equivalent to 300ppm TREO- CeO2 cut-off). The area of the Newmont Exploration target surrounds the Newmont Inferred Resource and is based on the assumption of extending the Inferred Resource into sparsely drilled areas outside its periphery. It is based on 17 vertical aircore holes which surround the periphery of the Inferred Resource area, drill hole spacing of 70- 1000m, and a 1000m maximum influence. Average overburden depth is 10m. The tonnage range reflects the areas of possible extension, average intersection thickness of 11m and the bulk density of 1.6 (based on average mineralised SG measurements taken from the Newmont deposit drill sample material). The grade range reflects the average grade of the Inferred Resource with the average grades of the drill intersections considered. Annonce • Dec 08
West Cobar Metals Limited Provides an Update on its Drilling Activities at the Salazar Clay Rare Earth Element (REE) Project West Cobar Metals Limited provided an update on its drilling activities at the Salazar Clay Rare Earth Element (REE) Project, 125km NE of the town of Esperance in Western Australia. The phase 1 aircore drilling program of 9,000m is now underway and will continue to completion early in the new year. The program is planned to extend the existing Inferred Resource of 43.5Mt at 1192ppm total rare earths oxide (TREO) at Newmont, explore the southern part of E63/1496 which contains the Newmont deposit, and to explore the O'Connor licence area (E63/1469). The intention is to both increase the Inferred Resource at Newmont and to delineate areas where additional Inferred Resources can be defined. Programs of Work (PoWs) for the planned drill programs have been approved by the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS). Assay results from the drilling are expected within four to six weeks of sample dispatch. The results will be integrated with available historical data and an updated Inferred Resource for the Newmont deposit is expected to be delivered in Q2, 2023. Proposed Activities and Next Steps: Extensive exploration and resource drilling commenced at the Salazar project in December 2022 and will continue to completion into Q1, 2023, with a resource upgrade at Newmont expected in Q2, 2023. West Cobar has also re-engaged beneficiation trials with the University of Newcastle and is in the process of re-engaging metallurgical studies with industry partners in the new year. In addition, the Company plans to commence aeromagnetic surveys and drill programs at its Cobar West (Cawkers Well and Nantilla) projects once landholder negotiations have concluded. Planned and completed activities for 2022/2023 for West Cobar projects are shown below. About West Cobar: West Cobar is progressing the Salazar Rare Earth Element (REE) Clay Project which includes the clay-hosted Newmont deposit, containing an Inferred Mineral Resource of 43.5Mt at 1192ppm total rare earth oxide (TREO) and estimated Exploration Target of 200-500Mt of 1000ppm to 1400ppm TREO. In the area west of Cobar NSW, exploration for copper and silver at the Bulla Park Project is continuing with data reassessment and further geological mapping with a view to establishing new drill targets. Exploration at the Cawkers Well and Nantilla gold and base metal projects will proceed as soon as landholder access agreements are concluded. Annonce • Nov 17
West Cobar Metals Limited Provides an Update on Its Hermit Hill Exploration Licence Application West Cobar Metals Limited provided an update on its Hermit Hill Exploration Licence Application (EL33208), approximately 130km south-southwest of Darwin in the Northern Territory. The licence application area covers 667km2 in the Litchfield Province, roughly 100km south-southwest of Core Lithium's Finniss Lithium Project and Lithium Plus Minerals' Lei lithium prospect, and 30km west of Ragusa Minerals' Tank Hill lithium discovery. Although previous exploration has been minimal, desktop studies conducted by West Cobar have indicated that the licence application area has potential for lithiummineralisation based on the identification of pegmatites in historic drilling. Research on exploration data, NT geological survey mapping and other publicly available data indicates that the area consists of very poorly outcropping Litchfield complex granitic rocks and Lower Proterozoic metasediments, cut by major faults. Pegmatites were encountered (bottom of the hole) in RAB drilling undertaken within the licence application area by previous licence holder Mobil Energy Resources 3, but samples were not tested for lithium mineralisation. Some gold anomalism in stream sediments (up to 700ppb Au 4) was recorded during historical exploration in the southern part of EL33208, and there is also potential for a Pine Creek stockwork-style vein system. Next Steps: Upon grant of the exploration licence and subject to weather, the Company plans to commence geological mapping, soil, and rock chip sampling in order to identify targets for drilling. Geophysical surveys may be employed, as considered appropriate, to identify possible lithium-rich pegmatitic zones under cover. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Ron Roberts is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Annonce • Nov 08
West Cobar Metals Limited Provides Update on Exploration Plans At the Recently Acquired Salazar Clay Rare Earth Elements (Ree) Project West Cobar Metals Limited provided an update on its exploration plans at the recently acquired Salazar Clay Rare Earth Elements (REE) Project, 125km NE of the town of Esperance in Western Australia. The Salazar Project, covered by exploration licences E69/1469 (O'Connor) and E69/1496 (Newmont), features some of the highest grade clay-hosted REE resources discovered in Australia as well as substantial potential to extend these higher grade REE resources. The Newmont deposit has an Inferred Resource of 43.5Mt of 1192ppm TREO with a 500ppm TREO cut-off. Early testwork completed on the Newmont deposit sample material show that REEs can be leached from the saprolitic clays. Mineralisation in the saprolitic clays is shallow (average 10 to 15m depth) with a low strip ratio. An Exploration Target of 200-500Mt of 1000ppm to 1400ppm TREO has been established and an aircore drilling program is planned to commence during January 2023 (or earlier if possible) in order to extend the existing Inferred Resources at Newmont and to explore the O'Connor licence area. Newmont Resource; The Newmont deposit has an Inferred Resource of 43.5Mt of 1192ppm TREO with a500ppm TREO cut-off. Most of the value in the Newmont deposit is derived from the `magnet' rare earths: neodymium, praseodymium, dysprosium and terbium, which together comprise about 25% of the total TREO content. As well as a high light rare earth content including neodymium and praseodymium, the heavy rare earths content including dysprosium and terbium are relatively high in the Newmont Inferred Resource (see Table 1). There are also significant scandium values in the central and western part of the Newmont deposit which West Cobar intends to assess more closely. In addition, the Newmont REE Inferred Resource contains an Inferred Resource of 3.4Mt of 31.2% aluminium oxide (Al2O3), which is potential feedstock for 99.99% purity 4N HPA production. Exploration Targets; Exploration targets are based on consideration of a down-hole intersection cut-off of 500ppm TREO (similar effect to when using a 300ppm TREO-CeO2 cut-off). A bulk density of 1.6 is assumed based on average mineralised SG measurements taken from the Newmont deposit sample material. Newmont Exploration Target; The Newmont Exploration Target is based on 17 vertical aircore holes surrounding the Inferred Resource area, drill hole spacing of 70-1000m, and a 1000m maximum influence. Average intersection thickness is 11m. Average overburden depth is 10m. TOTAL exploration target at Newmont: 50-80Mt @ 1000-1300ppm TREO O'Connor Exploration Targets; Area C1 - 93-297Mt of 1155-1460ppm TREO; Area C2 - 61-126Mt of 1155-1460ppm TREO; TOTAL exploration target at O'Connor: 154-423Mt of 1155-1460ppm TREO The exploration target at O'Connor is based on 13 vertical aircore holes in an apparently semi-continuous zones with >6m intersections, drill hole spacing of 300m to 1200m, and 1200m maximum influence considered. Average intersection thickness (500ppm TREO cut-off) is 15m. Average overburden depth is 11m. Annonce • Oct 17
West Cobar Metals Limited Provides Update on Salazar REE Project Transaction West Cobar Metals Limited provided an update on the acquisition of Salazar Minerals Pty Ltd, owner of the Salazar Rare Earth Element (REE) Clay Project, 125km north-east of Esperance in Western Australia. The Salazar Project includes the clay-hosted Newmont deposit which contains an Inferred Mineral Resource of 43.5Mt at 1192ppm total rare earth oxide (TREO+Y2O3) within a region being actively explored for base metals and rare earth element deposits. Plans for aircore drilling to extend the Inferred Mineral Resource at Newmont and to explore the nearby O'Connor tenement are progressing well. Programs of Works have been approved by the WA Department of Mines, Industry Regulation and Safety (DMIRS). West Cobar directors and senior management will undertake a site visit to the Salazar REE Project this week and travel to Esperance for meetings with stakeholders including community groups, Native Title representatives and local suppliers. The Company is aiming to build on the strong relationships with these parties previously established by Salazar. Discussions with the Esperance Nyungars and Ngadju Native Title claim groups have commenced. Both claim groups have Native Title Determinations over the tenement areas. Annonce • Oct 05
West Cobar Metals Limited, Annual General Meeting, Nov 30, 2022 West Cobar Metals Limited, Annual General Meeting, Nov 30, 2022. Agenda: To consider election of Directors. Annonce • Sep 08
West Cobar Metals Limited (ASX:WC1) agreed to acquire Salazar Rare Earth Element (REE) Clay Project. from Salazar Gold Pty Ltd AUD 39 million. West Cobar Metals Limited (ASX:WC1) agreed to acquire Salazar Rare Earth Element (REE) Clay Project. from Salazar Gold Pty Ltd AUD 39 million on September 8, 2022. The shareholders of West Cobar having approved the issue of the Consideration Shares to the vendors. Completion of the transaction expected to occur on or around late-October 2022 Annonce • Jul 22
West Cobar Metals Limited Announces Executive Changes West Cobar Metals Ltd. announced that David McEntaggart has resigned as Joint Company Secretary with Mr. Craig McNab now being the sole Company Secretary. Mr. McEntaggart will continue to provide accounting and compliance services to the Company if and as required though Mining Corporate Pty Ltd. Board Change • Apr 27
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Ron Roberts is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Annonce • Apr 06
West Cobar Metals Limited, Annual General Meeting, May 12, 2022 West Cobar Metals Limited, Annual General Meeting, May 12, 2022, at 11:30 W. Australia Standard Time. Location: Level 11, London House 216 St Georges Terrace Perth Australia Agenda: To consider issue of options to Kevin Das. Annonce • Mar 28
West Cobar Metals Limited Appoints Kevin Das as Executive Director West Cobar Metals Ltd. announced current Non-Executive Director, Mr. Kevin Das, has been appointed as an Executive Director of the Company, effective immediately. Mr. Das is an Australian qualified mining professional with over 18 years' experience in the exploration and mining industry. Annonce • Feb 24
West Cobar Metals Limited Completes Diamond Drilling At Its Mount Jack Project in North Western New South Wales West Cobar Metals Limited has completed diamond drilling at its Mount Jack Project in north western New South Wales with a single hole (MJD01) comprising 141.0m of mud rotary and 210.1 m of diamond coring. The Mount Jack Project was considered prospective for a Cobar-style copper gold deposit with an aeromagnetic and ground magnetics bullseye anomaly, and historical records showing traces of gold and copper in a previous drill hole. The diamond hole drilled by West Cobar intersected highly magnetic vesicular basalt at 348.1m. The overlying conglomerate contained highly magnetic basalt pebbles from 229.8m to 243.4m. Abundant dolerite pebbles in the conglomerate were also slightly magnetic. These factors are considered likely to explain the magnetic anomaly. Analyses (laboratory for gold, and handheld XRF for base metals) of MJD01 contained no significant values. RC drilling is planned at the Cawkers Well Project to test gold mineralised structures identified from aeromagnetics. Historical water well sinking at Cawkers Well identified gold in Cambrian Teltawongee Group sediments. Some small-scale mining subsequently took place at the Golden Ridges mine at Cawkers Well. Gold was also noted when digging Watsons Tank about 450m southeast of the main diggings. Soil sampling geochemistry has identified a 600m strike >10 ppb gold-in-soil BLEG anomaly that coincides with north-westerly trending structures interpreted from aeromagnetic data. Observation of the Golden Ridges workings indicate that most of the historical RAB drilling was too shallow and the few RC holes drilled were poorly positioned to test the mineralisation. The presence of parallel structures identified in aeromagnetic data indicate a much larger system than the historical workings represent. The only two complete intersections obtained through these structures indicate a width and consistency of gold mineralisation that is considered to be a favourable indication for the potential of the interpreted aeromagnetic structures which have a combined extent of about 50km. An extensive base metal mineralised system is indicated with significant thick zones of copper mineralisation intersected by West Cobar and in historical drilling, including 33m of 0.45%Cu in diamond hole 19CA0021. Exploration work is planned to develop drill targets to test the higher-grade part of the system. West Cobar continues to assess opportunities as they are presented with a view to adding to the discovery potential within West Cobar's portfolio of projects. Annonce • Jan 10
West Cobar Metals Limited Announces Drill Rig Mobilized for Mount Jack Copper-Gold Project West Cobar Metals Limited announced that a diamond drill rig is setting up to commence drilling at its Mount Jack Project in north-western New South Wales. The Mount Jack Project lies 220km WNW of Cobar, NSW and is considered highly prospective for a Cobar-style copper-gold deposit. An aeromagnetic bulls-eye anomaly was confirmed with ground magnetics by previous explorers. This ground magnetic data was recently remodeled for West Cobar by Southern Geoscience and results in a model of three sub-parallel magnetic lenses at about 200m depth dipping at around 550 towards the south-south-west. The magnetic anomaly occurs close to the intersection of interpreted structures that can be identified in the regional aero magnetics images, and that could be acting as conduits for fluid flow and mineralization. Diamond hole F8RMD07-01 was drilled in 2008 by previous explorers and abandoned in Mulga Group basal conglomerate, overlying probable Lower Devonian basement sediments. The drill hole failed to reach the magnetic modelled target. Geochemical traces of Au and Cu (1m of 0.29g/t Au, 386ppm Cu) in drill core intervals of the cover rocks indicate leakage from a mineralized system from the underlying basement sediments. The modelled magnetic body could reflect disseminated pyrrhotite or magnetite associated with classic Cobar-style steeply dipping lenses of copper-gold-silver mineralization similar to deposits near the eastern edge of the Cobar Basin, such as at the CSA copper-silver mine, the Peak gold-silver-base metal mine and the Hera gold-base metal mine. Cobar style deposits typically contain high grades of base metals and/or precious metals, with extensive depth extent. A single diamond hole (MJD01) of 500m will initially be drilled which will test this model. If hole MJD01 is successful, a second hole (MJD02) of 650m will be drilled. Annonce • Dec 17
West Cobar Metals Limited Announces Drill Program - Bulla Park Final Assays West Cobar Metals Limited announced that all assay results have now been received from the phase one diamond drilling program at its Bulla Park Project (total drilled 2057m) on the western portion of the Cobar Basin in central New South Wales. Drilling at the Mount Jack Prospect, 120km to the north-west of Bulla Park, is planned for early January, subject to access. Assays from drill holes BPD011, BPD022, and BPD03 drilled at the Bulla Park Prospect all returned low grade copper intersections confirming the stratabound model for copper mineralization. The results also indicate that the system weakens to the north and west but continues and is open to the south. BPD04, drilled to test the southern extension of the best copper mineralized zone, returned an intercept of 22m of 1.0%Pb and 20g/tAg from 253m. Mineralization in this hole consisted of disseminated galena, minor chalcopyrite and sphalerite (includes an interval of 4m at 0.29%Zn from 270m). This zone lies in the same stratigraphic position as the copper mineralization. It indicates a major extension to the mineralized system and potential for significant sediment hosted lead, zinc and silver mineralization, as well as for further copper rich zones. Drill hole BPD05 returned 6.8m of 0.42%Pb and 10g/tAg from 30m, again confirming the widespread mineralized zone. Results show that there is an overall zone 1km x 500m and open to the south, of significant stratabound copper and lead-zinc-silver mineralisation defined by historical and current drilling by West Cobar, that includes: 33m of 0.45%Cu3 in 19CA002 from 232m; 17m of 0.25%Cu3 in 19CA003 from 120m; 15m of 0.29%Cu3 in 19CA005 from 62m; 22m of 1.0%Pb and 20g/tAg in BPD04 from 253m. Annonce • Nov 29
West Cobar Metals Limited Announces Completion of Drilling Program At Bulla Park West Cobar Metals Limited announced the completion of the phase one diamond drilling program at its Bulla Park Project on the western margin of the Cobar Basin in central New South Wales. As part of the program, 295m of mud rotary drilling and 1,762m of diamond drilling (total 2,057m) were undertaken. It was planned to then mobilise the rig directly to the Mount Jack Prospect, 120km to the north-west. However heavy rain in central NSW has resulted in the access being impossible at present. With dry weather the situation should change and the program is expected to be carried out early in the New Year, or earlier if possible. Bulla Park and Mountain Prospects Results have been received for BPD01 and BPD02 with thin low grade copper intersections confirming the stratabound model but indicating the system weakens to the north and west. Visual inspection shows that Hole BPD03 also intersected weak copper mineralisation. Visual inspection shows that Hole BPD04 intersected 63.2m of sporadic mineralization containing some disseminated chalcopyrite, tetrahedrite, galena and sphalerite from 219.3m. Visual inspection shows that Hole BDP05 intersected 16.6m of weakly disseminated galena from 30.2m. Assay results from diamond holes BPD03, BPD04 and BPD05 will be received during December. Holes BPD06 and BPD07, drilled at the Mountain Prospect, intersected thick Winduck Formation arkosic sediments showing no indications of significant mineralisation. No core was sent for analyses. The better mineralisation in BPD04 indicates that prospectivity at Bulla Park could be open towards the south and southwest. There remains a viable target for significant copper mineralisation once all the recent drilling data is received, compiled and assessed. Study of the mineralisation and structure will provide controls for the higher-grade copper mineralisation that can be used to target the next stage of exploration. Recent Insider Transactions • Oct 02
Non-Executive Director recently bought AU$53k worth of stock On the 1st of October, Ron Roberts bought around 266k shares on-market at roughly AU$0.20 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Oct 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • Oct 01
West Cobar Metals Limited has completed an IPO in the amount of AUD 5.5 million. West Cobar Metals Limited has completed an IPO in the amount of AUD 5.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,500,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.016 