Western Ridge Resources Limited (WRX) Fair Value & Analysis
Basic Materials · AU · Market cap A$3.6M
Fair value as of: Jul 16, 2026
From 1 valuation models · updated 25 days ago
Share price −4.5% over the past month.
Below-average quality, and screening another 19% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (A$0.0170). The favourable scenario is already priced in.
- Weak quality (12/100) and above fair value at the same time, the margin of safety is missing on both counts.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 months)
White line = price, green steps = our fair value per fiscal year. As of Jul 16, 2026.
How to read this chart
5‑month range A$0.0150 – A$0.0420 · the A$0.0210 price screens above the A$0.0170 fair value. As of Jul 16, 2026.
Analysis
Western Ridge Resources Limited (WRX) currently trades at A$0.0210, while our model-based Fair Value estimate is A$0.0170, implying the stock looks roughly 19.1% overvalued today. The Quality Score stands at 12/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Trailing-twelve-month revenue stands at A$68.0K. Revenue declined 51.0% year over year. It earns a return on equity of -83.2%. The balance sheet holds a net cash position of A$1.4M. Fundamentals as of Jul 16, 2026
The share trades about 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -19%, WRX screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 20 · Market factors (momentum, volatility) 25
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Western Ridge Resources Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of battery and critical mineral projects in Brazil, Canada, and Australia. The company explores for niobium, tantalum, rare earth elements, uranium, and lithium pegmatite deposits.
Full company description
Western Ridge Resources Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of battery and critical mineral projects in Brazil, Canada, and Australia. The company explores for niobium, tantalum, rare earth elements, uranium, and lithium pegmatite deposits. Its flagship projects are the Equador Niobium Project and the Juazerinho Niobium Project, located in the Borborema Pegmatitic Province of northeastern Brazil. The company was formerly known as Summit Minerals Limited and changed its name to Western Ridge Resources Limited in February 2026. Western Ridge Resources Limited was incorporated in 2021 and is based in Peppermint Grove, Australia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
Western Ridge Resources Limited reported revenue of A$97.6K in FY2025 versus A$66.3K in FY2023, a compound +21.4%/yr. Reported net income was −A$4.9M in FY2025.
WRX screens 19% overvalued. Compare with Fresnillo plc →
Peer Group
Other Precious Metals & Mining · 102 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Other Precious Metals & Mining median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Fresnillo plc FRES | 579.75 MXN | 558.30 MXN | -4% |
| Hecla Mining Company HL | $14.52 | $8.15 | -44% |
| Compañía de Minas Buenaventura S.A. BVN | $29.82 | $29.96 | +0% |
| Sibanye Stillwater Limited SBSW | $8.12 | $9.90 | +22% |
| China Gold International Resources Corp CGG | C$24.78 | C$18.48 | -25% |
| Artemis Gold Inc ARTG | C$32.98 | C$21.86 | -34% |
| Triple Flag Precious Metals Corp TFPM | $28.10 | $16.03 | -43% |
| Sino-Platinum Metals Co 600459 | ¥21.01 | ¥13.23 | -37% |
| Perpetua Resources Corp PPTA | C$26.10 | C$5.85 | -78% |
| Zhaojin International Gold Co 000506 | ¥13.15 | ¥2.84 | -78% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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