Price, volume & events
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- Last 2026-11-06
- A$0.765
- 1D
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- 1M
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- Fair value
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- Mkt cap
- A$297M
- EV
- A$239.2M
- Cash
- A$57.7M
- Debt
- A$0
3 newer ASX announcements not yet reflected in this valuation
- Mineral Resource Estimate and Exploration TargetRecent Resource Or Reserve Source
- Quarterly Activities/Appendix 5B Cash Flow ReportLatest Four Activities Reports
- Change of Company SecretaryPost Annual Leadership Change
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Sign in or enter a guest codeAnnouncements
Latest 12 of 15All sources ▸- Investor Presentation - Diggers & Dealers Mining ForumPresentation
- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- Waratah Completes Acquisition of Ironclad Mining LeaseTransaction
- Notification regarding unquoted securities - WTMFinancing
- Application for quotation of securities - WTMTransaction
- Proposed issue of securities - WTMTransaction
- Application for quotation of securities - WTMFinancing
- Quarterly Activities/Appendix 5B Cash Flow ReportOperations
- 2025 Annual ReportResults
- Strategic Acquisition expands Spur Gold ProjectTransaction
- Quarterly Activities Report - December 2025Operations
- Appendix 5B Cash Flow Report - December 2025Results
Event calendar · next 12 months
3 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Q4 2026, subject to regulatory approvals | Alpine and Gazzards follow-up diamond drilling | Exploration | Company Guided | Medium | Tests whether the northern targets are coherent extensions of the six-kilometre corridor; approvals are a gating risk. |
| Calendar 2026 program | Completion of 80,000-metre 2026 Spur drilling program | Exploration | Company Guided | High | The scale and continuity of infill and step-out assays determine whether a maiden resource can be supported. |
| Q1 calendar 2027 | Maiden Spur Mineral Resource Estimate | Resource Or Reserve | Company Guided | High | First JORC quantity, grade and category estimate can replace the broad discovery option with a more testable resource valuation. |
Executive roster
As of 2026-09-23Background checks ▸The March 2026 annual report names the executive chair, managing director and company secretary. Later local and retrieved disclosures show no executive departure or title change through the cutoff; non-executive director Johan van Vuuren is excluded.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Dr Andrew Stewart | Executive Chair | Executive Director · Senior Management | 2026-01-01 | 2025 Annual Report |
| Peter Duerden | Managing Director | Executive Director · Chief Executive | 2022-01-10 | 2025 Annual Report · Spur Gold Discovery Drilling Delivers Best Intercept To Date |
| Bill Hundy | Company Secretary | Company Secretary | 2025-12-04 | 2025 Annual Report |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Spur Gold-Copper Project
Australia
Discovery Drill Stage100% ownedGoldCopper
Waratah owns EL5238 and completed the Ironclad GL5828 acquisition. The Goldenclad leases ML960, ML1092 and GL3694 remain subject to a 24-month option over M.N.I. Mining, so they are not included in 100% current ownership. More drilling and initial metallurgy were reported through 22 September, but no JORC Mineral Resource, Ore Reserve or economic study has been declared.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements2
Milestones5
- Complete the 80,000 metre 2026 growth and discovery drilling program
Pending · High materiality
- Complete Ironclad GL5828 transfer
Achieved · Medium materiality
- Initial gold deportment and recovery test work
Achieved · Medium materiality
- Follow-up diamond drilling at Alpine and Gazzards after regulatory approvals
Pending · Medium materiality
- Maiden Spur Mineral Resource Estimate
Pending · High materiality
Other
Stavely-Stawell Gold-Copper Project
Australia
Early Explorer100% ownedGoldCopper
Secondary 100%-owned exploration licence in western Victoria; current corporate activity and funding are concentrated on Spur.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements1
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
A$57.714 million June cash and 5.8 reported quarters of funding cover the current exploration campaign. A$9.719 million of exploration payments in the June quarter and A$19.088 million half-year exploration expense demonstrate rapid capital consumption. The A$7.25 million December 2025 exploration-licence commitment overlaps planned field spending; it is not added again to the valuation reserve.
Capital structure
Ownership and dilution
- Ordinary shares
- 388.3M
- Fully diluted
- 447.5M
The exact 387,752,326 June ordinary count rose by 500,000 after an August option exercise at A$0.16, according to an accessible secondary account of the ASX notice. Those shares replace 500,000 options, leaving the 447,462,662 gross fully diluted equivalent count unchanged. The primary August Appendix 2A could not be opened; this bridge has medium certainty.
Security classes7
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Ordinary fully paid shares quoted on ASX | Ordinary Share | 388.3M | — | — |
| Options expiring 31 January 2027 with nil exercise price | Option | 1.1M | A$0 | 2027-01-31 |
| Options expiring 28 February 2028 at A$0.258 | Option | 133.3K | A$0.258 | 2028-02-28 |
| Options expiring 31 March 2027 at A$0.75 | Option | 166.7K | A$0.75 | 2027-03-31 |
| Options expiring 19 December 2028 at A$0.16 | Option | 23.1M | A$0.16 | 2028-12-19 |
| Options expiring 19 December 2028 at A$0.08 | Option | 8M | A$0.08 | 2028-12-19 |
| Performance rights outstanding | Performance Right | 26.8M | A$0 | — |
KPI history
Operating metrics
Operating metric source table5
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Other | Spur | Program to 4 August 2026 | Point In Time | 77,132 metres drilled | Reported |
| Other | Company | Quarter ended 30 June 2026 | Quarter | 9,719,000 AUD exploration payments | Reported |
| Other | Spur | At 30 June 2026 | Point In Time | 12 active drill rigs | Reported |
| Other | Company | Half year ended 30 June 2026 | Half Year | 19,088,147 AUD exploration and evaluation expense | Reported |
| Recovery | Spur | Initial testwork reported 16 September 2026 | Point In Time | 91 % midpoint of reported 89-93% range | Source Derived |
Company guidance1
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Growth And Discovery Drilling | spur | Calendar 2026 | 80,000 | 80,000 metres | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-08-31 | RaisingWtm Ordinary Fully Paid | A$80K | 500K | A$0.16 | Completed | Secondary account of 500,000 options exercised into ordinary shares for A$80,000; primary Appendix 2A unavailable.Max 500K |
| 2026-05-14Ann. 2026-05-07 | RaisingWtm Ordinary Fully Paid | A$48M | 77.4M | A$0.62 | Completed | A$48.0 million placement before A$2.353 million of June-quarter transaction costs, issued at A$0.62 per share.Max 77.4M · Period 2026-05-07 to 2026-05-14 |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
The latest annual report identifies the continuing Yanbulla NSR over EL5238. The original June Goldenclad option announcement supplies staged consideration, spending and conditional royalty terms. No production offtake, stream, processing contract or hedge was identified in the reviewed packet.
Deep Ore Discovery acquisition vendor retains a 2.5% NSR over all minerals extracted from Spur EL5238.
Royalty · Active- Counterparties
- Yanbulla Mining Pty Ltd
- Applies to
- Spur Gold-Copper Project · Gold · Copper
- Economic direction
- Burden
- Period
- From 2023-12-01; no end date stated
- Key terms
- Net smelter royalty: 2.5 % of net smelter return
How it affects our valuation
No valuation treatment is available for this arrangement.
Goldenclad is an option, not owned tenure. Staged fees and shares plus A$400,000 exploration spend are required; 1.5% NSR arises only after completion.
Other · Conditional- Counterparties
- M.N.I. Mining Pty Ltd shareholder
- Applies to
- Spur Gold-Copper Project · Gold · Copper
- Economic direction
- Mixed
- Period
- 2026-06-02 to 2028-06-02
- Key terms
- Exclusive option term: 24 months
Initial option fee: 100,000 AUD
Extension fee after first anniversary: 100,000 AUD
Exercise consideration: 500,000 AUD
JORC reserve bonus: 500,000 AUD
Exploration commitment: 400,000 AUD
Post-completion net smelter royalty: 1.5 % NSR
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
The selected current roster is confirmed against the 2025 annual report and issuer directory. Stewart brings long-tenure exploration executive experience culminating in the Kharmagtai PFS and Xanadu shareholder exit; Duerden has a specific, contemporaneously documented contribution to Alkane’s Boda discovery and leads WTM’s current exploration program; Hundy brings long listed-company secretarial and legal-compliance experience. WTM’s 2026 drill result is an early exploration outcome without a resource estimate. Personal attribution is strong only for Duerden’s contribution to Boda; most other business results overlap leadership tenure without proving individual causation.
Decision-relevant facts
Material summary
Dr Andrew Stewart
Executive Chair
EducationIssuer Reported · Medium materiality
Education and professional memberships
Issuer biographies report BSc (Hons) from Macquarie University, PhD from the University of Tasmania’s Centre of Ore Deposits and Exploration Studies, Fellowship of the Society of Economic Geologists and AIG membership. These credentials were not independently verified against university or professional registers.
Responsibility not applicable · Credential details are issuer-reported; independent primary credential verification was not obtained.
Board and Management · Andrew Stewart biography, education and memberships
Company SuccessDocumented · High materiality
Xanadu tenure: project advancement and shareholder exit
During Stewart’s executive tenure, Xanadu completed a Kharmagtai pre-feasibility study in 2024, expanded the reported resource and established an Ore Reserve. In 2025 shareholders received a recommended Bastion takeover offer of A$0.08 per share, a stated 57% premium to the 16 May closing price; Bastion passed 90% and began compulsory acquisition. The issuer’s 2025 biography describes the transaction as valuing Xanadu at A$160m. Project development remained pre-production: the PFS and takeover are delivered milestones, while the projected mine economics are study results, not operating delivery.
Role overlaps event; causation unproven · Stewart was CEO/MD for most of the period and served on Xanadu leadership, but the sources do not allocate the PFS, discovery or sale outcome specifically to him.
Appointment of Andrew Stewart as Managing Director · Appointment release, CEO start and MD/CEO leadership statements
Xanadu Mines 2024 Annual Report · 2024 Annual Report, Letter from Chair and Kharmagtai PFS/resource sections
Quarterly Activities Report for quarter ended 30 June 2025 · Quarterly Activities Report, takeover highlights, lines 76-87
Board and Management · Andrew Stewart biography, Xanadu paragraph
Company SuccessIssuer Reported · Medium materiality
WTM Spur drilling milestone during current tenure
WTM’s 22 September 2026 issuer update reported its best intercept to date at Spur: 46m at 7.27 g/t Au from 541m (SPD075), with extensions at Consols. The selected bundle notes no mineral resource estimate. Stewart had been Executive Chair since 1 January 2026, so the result overlaps his chair tenure but does not establish his individual contribution.
Role overlaps event; causation unproven · Stewart held the Executive Chair role during the reported result; technical execution and personal attribution are not established in the release.
Spur Gold Discovery Drilling Delivers Best Intercept To Date · Issuer ASXNews post dated 22 September 2026; SPD075 and Consols highlights
2025 Annual Report · Remuneration report, printed page 23, title effective 1 January 2026
Role FitAnalyst Inference · Medium materiality
Technical and executive experience relevant to WTM
The issuer reports over 25 years in economic geology, including technical and management positions at Ivanhoe Mines, Oxiana and Vale, and former Xanadu CEO/Executive Director experience. A 2010 Xanadu prospectus identifies him as Mongolia Manager and Chief Geologist; contemporaneous Xanadu releases establish later CEO/MD roles. Specific dates for the Ivanhoe, Oxiana and Vale roles and individual greenfield discoveries remain unverified. This is an analyst inference about role fit, supported by the chronology and outcomes above.
Responsibility not applicable · This assessment infers fit from published roles and credentials; it does not infer personal causation for employer results.
Board and Management · Andrew Stewart biography
Xanadu Mines Ltd Prospectus · Section 11.8(b), printed page 154
Appointment of Andrew Stewart as Managing Director · Appointment release, CEO start and prior Chief Geologist role
Xanadu Mines Board Reorganisation · Board Reorganisation, lines 58-63
Xanadu Mines 2024 Annual Report · 2024 Annual Report, PFS and resource sections
Evidence gaps · 4
- Issuer-reported university qualifications and professional memberships were not independently checked against primary registers.
- Exact dates, titles, concurrent interests and individual project contributions at Ivanhoe Mines, Oxiana and Vale were not established.
- Xanadu’s Kharmagtai remained a development project at sale; the 2024 PFS did not establish construction, production or realized project economics.
- Open-web adverse searches are scoped and are not exhaustive criminal, sanctions, court, litigation, credential, environmental or regulator checks.
Peter Duerden
Managing Director
EducationIssuer Reported · Medium materiality
Economic geology qualifications and memberships
The issuer reports BSc (Honours) and Masters in Economic Geology, RPGeo registration, and membership of the Australian Institute of Geoscientists and Society of Economic Geologists. These details are not independently verified against university or membership registers.
Responsibility not applicable · Credentials are issuer-reported; no primary credential-register result was obtained.
Board and Management · Peter Duerden biography, qualifications and memberships
2025 Annual Report · Directors Report, printed page 22
Personal SuccessDocumented · High materiality
Prior Alkane work contributed to Boda discovery
Magmatic’s 2020 appointment release states Duerden had led Alkane Resources’ North Molong Belt alkalic porphyry gold-copper exploration for 10 years and that his region-defining work contributed significantly to the Boda discovery. Alkane’s timeline dates the discovery to November 2019 and records subsequent Boda/Kaiser resource estimates in 2022 and 2023. The attribution of contribution is direct in the appointment release, while the resource growth and awards are company-level outcomes.
Individual involvement documented · Magmatic’s contemporaneous appointment statement explicitly links Duerden’s regional work to the discovery; no individual ownership of the discovery or sole causation is implied.
Duerden to take the helm at Magmatic · Appointment release, Alkane/North Molong Belt passage, lines 25-30
About Alkane: timeline · Timeline, 2019 Boda discovery and 2022-2023 resource estimates, lines 200-201
Company SuccessIssuer Reported · Medium materiality
WTM exploration results during Managing Director tenure
WTM’s 22 September 2026 issuer update reported SPD075 at 46m grading 7.27 g/t gold from 541m and extensions at Consols. The selected company bundle describes 77,132m drilled in its program by 4 August 2026 and no mineral resource estimate. Duerden has been Managing Director since 10 January 2022; the company exploration outcomes overlap his tenure, but the release does not establish an individual technical contribution.
Role overlaps event; causation unproven · Managing Director tenure overlaps the drilling program; personal technical responsibility for SPD075 and capital allocation is not established in the cited release.
Spur Gold Discovery Drilling Delivers Best Intercept To Date · Issuer ASXNews post dated 22 September 2026; SPD075 and Consols highlights
2025 Annual Report · Directors Report, appointment date, printed page 22
Role FitAnalyst Inference · Medium materiality
Exploration leadership relevant to WTM
Annual reports and issuer biographies identify Duerden as Managing Director of Sky Metals, Magmatic Resources, and Waratah/Battery Minerals; Magmatic identifies him as an East Lachlan specialist and former Newcrest NSW district manager. The evidence supports a strong regional geology fit. Prior role dates and comparable shareholder outcomes across all junior explorers were not comprehensively reconstructed.
Responsibility not applicable · Role-fit conclusion is an inference from reported job history and the directly linked Boda contribution; it does not assign results at prior employers beyond cited attribution.
Board and Management · Peter Duerden biography
Duerden to take the helm at Magmatic · Appointment release, lines 22-30
2022 Annual Report · Directors Report, Duerden career and appointment chronology
Duerden to take the helm at Magmatic · Appointment release, Alkane contribution to Boda discovery
Evidence gaps · 4
- Full dates and titles for prior Newcrest and Alkane roles and all corporate positions at Australian Gold and Copper were not reconstructed.
- BSc (Honours), Masters in Economic Geology, RPGeo registration and professional memberships are reported in company materials but were not independently checked against primary credential registers.
- No systematic outcome review was completed for each former junior explorer, so employer-level underperformance or financing outcomes may be missing.
- Open-web adverse searches are scoped and are not exhaustive criminal, sanctions, court, litigation, credential, environmental or regulator checks.
Bill Hundy
Company Secretary
EducationIssuer Reported · Medium materiality
Law, commerce and governance qualifications
Origin Energy’s 2008 target statement reports Bachelor of Laws and Bachelor of Commerce degrees from UNSW and Fellowship of the Chartered Institute of Secretaries and AICD. Waratah’s current biography reports fellowship of the Governance Institute of Australia and Chartered Governance Institute and memberships of AIG and Australian Institute of Physics. Historical degrees and present memberships are issuer-reported in the underlying public filings/biography and were not verified against registers.
Responsibility not applicable · Qualifications and memberships are documented as published claims; independent register confirmation was not performed.
Origin Energy Target’s Statement · Page 57, Bill Hundy biography
Board and Management · Bill Hundy biography, Company Secretary section
Role FitAnalyst Inference · Medium materiality
Listed-company governance and legal experience
The 2008 Origin target statement states that Hundy joined Origin in July 2001 and was responsible for company secretarial, insurance, legal and compliance functions; before Origin he served as Company Secretary at Email Limited and Placer Pacific Limited. Waratah’s current biography also lists Kidston Gold Mines and more than three decades of listed-company experience. Exact dates for those earlier and subsequent engagements are incomplete.
Responsibility not applicable · This is a role-fit inference from contemporaneous corporate disclosure of his duties and experience; no assertion is made that he had responsibility for unrelated employer outcomes.
Origin Energy Target’s Statement · Page 57, Bill Hundy biography
Board and Management · Bill Hundy biography
2025 Annual Report · Company Secretary appointment, printed page 23
Evidence gaps · 4
- Exact periods at Email, Placer Pacific, Kidston Gold Mines, Origin and later corporate-secretarial work are not fully reconstructed.
- The 2008 filing reports law and commerce degrees; current professional memberships are issuer-reported and not independently checked with primary registers.
- Concurrent professional appointments and directorships were not comprehensively searched; the selected 2025 annual report states he is not KMP because his role lacks authority over company operations.
- Open-web adverse searches are scoped and are not exhaustive criminal, sanctions, court, litigation, credential, environmental or regulator checks.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-03-02 · 309,261,183 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 18.18% | 56,230,380 | |
| 2 | 8.73% | 27,000,000 | |
| 3 | 8.13% | 25,136,604 | |
| 4 | 5.47% | 16,909,302 | |
| 5 | 3.27% | 10,127,489 | |
| 6 | 2.78% | 8,600,000 | |
| 7 | 2.44% | 7,547,945 | |
| 8 | 1.99% | 6,145,880 | |
| 9 | 1.68% | 5,180,168 | |
| 10 | 1.32% | 4,085,583 | |
| 11 | 1.32% | 4,078,500 | |
| 12 | 1.20% | 3,700,000 | |
| 13 | 1.17% | 3,632,554 | |
| 14 | 1.11% | 3,437,630 | |
| 15 | 1.08% | 3,350,000 | |
| 16 | 0.83% | 2,571,249 | |
| 17 | 0.80% | 2,475,000 | |
| 18 | 0.80% | 2,475,000 | |
| 19 | 0.73% | 2,261,484 | |
| 20 | 0.71% | 2,181,559 | |
| 21 | 0.70% | 2,166,667 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 5.16%Voting power | 2026-09-30 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The register lists registered accounts and does not identify all underlying beneficial owners.
- Later placements and substantial-holder notices after 2 March 2026 may have changed holdings; group disclosures should be read separately and are not added to the register.
Sources
- 2025 Annual Report
Waratah Minerals Limited / ASX · Published 2026-03-25 · Accessed 2026-10-09
Largest registered ordinary-share holder table and reported account quantities and percentages.
2026/2026-03-25_2025 Annual Report.pdf; PDF page 77, ASX Additional Shareholder Information
- Becoming a substantial holder
Waratah Minerals Limited / ASX · Published 2026-09-30 · Accessed 2026-10-09
Acorn Capital reports investment-manager relevant interest, with transactions through 25 September.
2026/2026-09-30_Becoming a substantial holder_53bbcdc89d62c794.pdf; PDF pages 1-3, Form 603 and Annexure A
Disclosed activity
Insider transactions
Trading activity1 buy · 1 sell shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-06-17 | Peter DuerdenDuerden Investments Pty Limited
Details & evidence for Peter Duerden on 2026-06-17As disclosed: Issue of Performance Rights as approved by shareholders on 25 May 2026
Duerden Investments Pty Limited · director and shareholder; indirect interest held through controlled company P B & EL Duerden Gondwana Superannuation Fund · member; superannuation interest Change of Director's Interest Notice - Peter Duerden ↗ | GrantUnlisted performance rights expiring 17 June 2029 | 3,500,000 | —Not Disclosed | — | — |
| 2026-06-17 | Naomi Scott
Details & evidence for Naomi Scott on 2026-06-17As disclosed: Issue of Performance Rights as approved by shareholders on 25 May 2026
Change of Director's Interest Notice - Naomi Scott ↗ | GrantUnlisted performance rights expiring 17 June 2029 | 2,500,000 | —Not Disclosed | — | — |
| 2026-06-17 | Darryl Clark
Details & evidence for Darryl Clark on 2026-06-17As disclosed: Issue of Performance Rights as approved by shareholders on 25 May 2026
Change of Director's Interest Notice - D.Clark (correction) ↗ | GrantUnlisted performance rights expiring 17 June 2029 | 1,000,000 | —Not Disclosed | — | — |
| 2026-06-17 | Andrew StewartA L Stewart Family Pty Ltd
Details & evidence for Andrew Stewart on 2026-06-17As disclosed: Issue of Performance Rights as approved by shareholders on 25 May 2026
A L Stewart Family Pty Ltd · director and shareholder; indirect interest held through controlled company Change of Director's Interest Notice - Andrew Stewart ↗ | GrantUnlisted performance rights expiring 17 June 2029 | 4,250,000 | —Not Disclosed | — | — |
| 2026-04-22 | Naomi Scott
Details & evidence for Naomi Scott on 2026-04-22As disclosed: Cancellation of unexercised unlisted options
Change of Director's Interest Notice - Naomi Scott ↗ | CancellationUnlisted options (WTMAAA; expiry 31 March 2026) | 66,667 | —Not Disclosed | — | — |
| 2025-10-16 | Peter DuerdenDuerden Investments Pty Limited
Details & evidence for Peter Duerden on 2025-10-16As disclosed: Issue of Shares upon the exercise of Options
Duerden Investments Pty Limited · director and shareholder; indirect interest held through controlled company P B & EL Duerden Gondwana Superannuation Fund · member; superannuation interest Change of Director's Interest Notice - P Duerden - Amended ↗ | ExerciseFully paid ordinary shares issued on exercise of ZEPO options | 583,334 | —Not Disclosed | — | — |
| 2025-10-16 | Peter DuerdenDuerden Investments Pty Limited
Details & evidence for Peter Duerden on 2025-10-16As disclosed: Exercise of Options - $Nil
Duerden Investments Pty Limited · director and shareholder; indirect interest held through controlled company P B & EL Duerden Gondwana Superannuation Fund · member; superannuation interest Change of Director's Interest Notice - P Duerden - Amended ↗ | ExerciseZEPO options | 583,334 | —Not Disclosed | — | — |
| 2025-10-16 | Darryl Clark
Details & evidence for Darryl Clark on 2025-10-16As disclosed: Issue of Shares upon the exercise of Options
Change of Director's Interest Notice - D Clark - Amended ↗ | ExerciseFully paid ordinary shares issued on exercise of ZEPO options | 500,000 | —Not Disclosed | — | — |
| 2025-10-16 | Darryl Clark
Details & evidence for Darryl Clark on 2025-10-16As disclosed: Exercise of Options - $Nil
Change of Director's Interest Notice - D Clark - Amended ↗ | ExerciseZEPO options | 500,000 | —Not Disclosed | — | — |
| 2025-08-15 | Andrew StewartAndrew Stewart
Details & evidence for Andrew Stewart on 2025-08-15As disclosed: On market purchase
A L Stewart Family Pty Ltd · director and shareholder; indirect interest held through controlled company Change of Director's Interest Notice - Andrew Stewart ↗ | PurchaseFully paid ordinary shares | 26,856 | AUD 19,739.16 | AUD 0.735Disclosed price | — |
| 2025-08-13 | Peter DuerdenDuerden Investments Pty Limited
Details & evidence for Peter Duerden on 2025-08-13As disclosed: On-market Sale of Ordinary Shares to meet tax obligations
Duerden Investments Pty Limited · director and shareholder; indirect interest held through controlled company P B & EL Duerden Gondwana Superannuation Fund · member; superannuation interest Change of Director's Interest Notice - Peter Duerden ↗ | SaleFully paid ordinary shares | 4,350,000 | AUD 2,501,250.00 | AUD 0.575Disclosed price | — |
| 2025-08-13 | Peter DuerdenDuerden Investments Pty Limited
Details & evidence for Peter Duerden on 2025-08-13As disclosed: Issue of Shares upon the exercise of Options & Performance Rights
Duerden Investments Pty Limited · director and shareholder; indirect interest held through controlled company P B & EL Duerden Gondwana Superannuation Fund · member; superannuation interest Change of Director's Interest Notice - Peter Duerden ↗ | ExerciseFully paid ordinary shares issued on exercise of rights/options | 9,666,668 | —Not Disclosed | — | — |
| 2025-08-13 | Peter DuerdenDuerden Investments Pty Limited
Details & evidence for Peter Duerden on 2025-08-13As disclosed: Exercise of Options & Performance Rights
Duerden Investments Pty Limited · director and shareholder; indirect interest held through controlled company P B & EL Duerden Gondwana Superannuation Fund · member; superannuation interest Change of Director's Interest Notice - Peter Duerden ↗ | ExerciseZEPO options | 666,668 | —Not Disclosed | — | — |
| 2025-08-13 | Peter DuerdenDuerden Investments Pty Limited
Details & evidence for Peter Duerden on 2025-08-13As disclosed: Exercise of Options & Performance Rights
Duerden Investments Pty Limited · director and shareholder; indirect interest held through controlled company P B & EL Duerden Gondwana Superannuation Fund · member; superannuation interest Change of Director's Interest Notice - Peter Duerden ↗ | ExercisePerformance rights (exercise price/threshold 0.50) | 3,000,000 | —Not Disclosed | — | — |
| 2025-08-13 | Peter DuerdenDuerden Investments Pty Limited
Details & evidence for Peter Duerden on 2025-08-13As disclosed: Exercise of Options & Performance Rights
Duerden Investments Pty Limited · director and shareholder; indirect interest held through controlled company P B & EL Duerden Gondwana Superannuation Fund · member; superannuation interest Change of Director's Interest Notice - Peter Duerden ↗ | ExercisePerformance rights (exercise price/threshold 0.4375) | 3,000,000 | —Not Disclosed | — | — |
| 2025-08-13 | Peter DuerdenDuerden Investments Pty Limited
Details & evidence for Peter Duerden on 2025-08-13As disclosed: Exercise of Options & Performance Rights
Duerden Investments Pty Limited · director and shareholder; indirect interest held through controlled company P B & EL Duerden Gondwana Superannuation Fund · member; superannuation interest Change of Director's Interest Notice - Peter Duerden ↗ | ExercisePerformance rights (exercise price/threshold 0.375) | 3,000,000 | —Not Disclosed | — | — |
| 2025-08-13 | Darryl Clark
Details & evidence for Darryl Clark on 2025-08-13As disclosed: Issue of Shares upon the exercise of Performance Rights
Change of Director's Interest Notice - Darryl Clark ↗ | ExerciseFully paid ordinary shares issued on exercise of performance rights | 2,475,000 | —Not Disclosed | — | — |
| 2025-08-13 | Darryl Clark
Details & evidence for Darryl Clark on 2025-08-13As disclosed: Issue of Shares upon the exercise of Performance Rights
Change of Director's Interest Notice - Darryl Clark ↗ | ExercisePerformance rights (exercise price/threshold 0.50) | 825,000 | —Not Disclosed | — | — |
| 2025-08-13 | Darryl Clark
Details & evidence for Darryl Clark on 2025-08-13As disclosed: Issue of Shares upon the exercise of Performance Rights
Change of Director's Interest Notice - Darryl Clark ↗ | ExercisePerformance rights (exercise price/threshold 0.4375) | 825,000 | —Not Disclosed | — | — |
| 2025-08-13 | Darryl Clark
Details & evidence for Darryl Clark on 2025-08-13As disclosed: Issue of Shares upon the exercise of Performance Rights
Change of Director's Interest Notice - Darryl Clark ↗ | ExercisePerformance rights (exercise price/threshold 0.375) | 825,000 | —Not Disclosed | — | — |
| 2025-08-13 | Andrew StewartA L Stewart Family Pty Ltd
Details & evidence for Andrew Stewart on 2025-08-13As disclosed: Issue of Shares upon the exercise of Performance Rights
A L Stewart Family Pty Ltd · director and shareholder; indirect interest held through controlled company Change of Director's Interest Notice - Andrew Stewart ↗ | ExerciseFully paid ordinary shares issued on exercise of performance rights | 2,475,000 | —Not Disclosed | — | — |
| 2025-08-13 | Andrew StewartA L Stewart Family Pty Ltd
Details & evidence for Andrew Stewart on 2025-08-13As disclosed: Issue of Shares upon the exercise of Performance Rights
A L Stewart Family Pty Ltd · director and shareholder; indirect interest held through controlled company Change of Director's Interest Notice - Andrew Stewart ↗ | ExercisePerformance rights (exercise price/threshold 0.50) | 825,000 | —Not Disclosed | — | — |
| 2025-08-13 | Andrew StewartA L Stewart Family Pty Ltd
Details & evidence for Andrew Stewart on 2025-08-13As disclosed: Issue of Shares upon the exercise of Performance Rights
A L Stewart Family Pty Ltd · director and shareholder; indirect interest held through controlled company Change of Director's Interest Notice - Andrew Stewart ↗ | ExercisePerformance rights (exercise price/threshold 0.4375) | 825,000 | —Not Disclosed | — | — |
| 2025-08-13 | Andrew StewartA L Stewart Family Pty Ltd
Details & evidence for Andrew Stewart on 2025-08-13As disclosed: Issue of Shares upon the exercise of Performance Rights
A L Stewart Family Pty Ltd · director and shareholder; indirect interest held through controlled company Change of Director's Interest Notice - Andrew Stewart ↗ | ExercisePerformance rights (exercise price/threshold 0.375) | 825,000 | —Not Disclosed | — | — |
| 2025-06-18 | Naomi Scott
Details & evidence for Naomi Scott on 2025-06-18As disclosed: Issue of Performance Rights as approved by shareholders at the 2025 AGM
Change of Director's Interest Notice - Naomi Scott ↗ | GrantClass B Performance Rights | 750,000 | —Not Disclosed | — | — |
Disclosed holding observations2 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-05-26 | Johan van Vuuren
Details & evidence for Johan van Vuuren on 2026-05-26Initial director-interest disclosure at appointment; 29,000 shares held through Citicorp.
Citicorp Nominees Pty Ltd · custodian/nominee for indirectly held shares Initial Director's Interest Notice - Johan van Vuuren ↗ | InitialOrdinary fully paid shares | 29,000 | — |
| 2024-11-04 | Naomi Scott
Details & evidence for Naomi Scott on 2024-11-04Updated initial notice reports 486,933 ordinary shares. The original notice was corrected; no acquisition on appointment is inferred.
Initial Director's Interest Notice - Naomi Scott - Updated ↗ | InitialOrdinary shares | 486,933 | — |
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Sign in or enter a guest codeChronological evidenceSource-document inventory28 documents
WTM ASX closing price observationMarket Data · HighExtracted
Latest eligible local ASX close selected by miners.reference_price for fixed cutoff.
- Document ID
- wtm-market-price-20260925
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
Precious Metals Summit PresentationPresentation · MediumMetadata Only
Issuer lists the presentation; full slides were not accessible, so no slide facts are extracted.
- Document ID
- wtm-20260923-presentation-metadata
- Published UTC
- 2026-09-22T22:19:00Z
- Projects
- spur
- Commodities
- gold · copper
Spur Gold Discovery Drilling Delivers Best Intercept To DateOperations · HighExtracted
Issuer post reports SPD075 best intercept, multiple zones and extensions at Consols; no resource estimate.
- Document ID
- wtm-20260922-spd075
- Published UTC
- 2026-09-21T22:24:00Z
- Projects
- spur
- Commodities
- gold
Consols Delivers Strong Gold RecoveriesStudy · HighExtracted
Issuer post reports initial Consols testwork with 89-93% gravity plus conventional leach recoveries; further work required.
- Document ID
- wtm-20260916-consols-met
- Published UTC
- 2026-09-15T23:07:00Z
- Projects
- spur
- Commodities
- gold
Drilling Defines New Gold Zone at Gum FlatOperations · HighExtracted
Issuer post reports nine shallow sonic holes and interpreted westward Spur extension.
- Document ID
- wtm-20260831-gumflat
- Published UTC
- 2026-08-30T23:23:00Z
- Projects
- spur
- Commodities
- gold
Option exercise and new share quotation, secondary accountCorporate Action · MediumExtracted
Secondary account of 500,000 options exercised at A$0.16; primary Appendix 2A was listed by ASX but inaccessible.
- Document ID
- wtm-20260831-option-exercise
- Published UTC
- 2026-08-31T01:46:00Z
- Projects
- —
- Commodities
- —
Major Step-Out Hole Extends ConsolsOperations · HighExtracted
Issuer post reports SPD074 extending Consols 75m and finding a new shallow zone.
- Document ID
- wtm-20260825-consols
- Published UTC
- 2026-08-24T23:43:00Z
- Projects
- spur
- Commodities
- gold
2026 Half Year Financial Statements summaryResults · HighExtracted
Accessible Quartr summary of the issuer half-year report; primary PDF identified but not accessible in this run.
- Document ID
- wtm-20260821-halfyear-summary
- Published UTC
- 2026-08-20T22:33:00Z
- Projects
- —
- Commodities
- —
Alpine Gold Zone Confirms District-Scale 6km Spur CorridorOperations · HighExtracted
Issuer post reports shallow Alpine intercepts and guided Q4 2026 follow-up subject to approvals.
- Document ID
- wtm-20260817-alpine
- Published UTC
- 2026-08-16T22:57:00Z
- Projects
- spur
- Commodities
- gold
WTM ASX closing price observationMarket Data · HighExtracted
Latest eligible local ASX close selected by miners.reference_price for the valuation cutoff.
- Document ID
- wtm-market-price-20260812
- Published UTC
- 2026-08-12T06:00:00Z
- Projects
- —
- Commodities
- —
Investor Presentation - Diggers & Dealers Mining ForumPresentation · HighExtracted
Latest operating presentation describing Spur as a major district-scale gold discovery, drilling progress and corporate position.
- Document ID
- wtm-20260804-diggers-presentation
- Published UTC
- 2026-08-03T23:51:28Z
- Projects
- spur · stavely-stawell
- Commodities
- gold · copper
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted
June 2026 quarter activity and cash-flow report covering drilling, tenure consolidation, placement proceeds and funding runway.
- Document ID
- wtm-20260731-june-quarter
- Published UTC
- 2026-07-30T22:35:39Z
- Projects
- spur · stavely-stawell
- Commodities
- gold · copper
Investor Presentation - Noosa Mining ConferencePresentation · MediumExtracted
Noosa conference presentation summarising the Spur district-scale exploration thesis and recent drilling.
- Document ID
- wtm-20260722-noosa-presentation
- Published UTC
- 2026-07-21T23:00:00Z
- Projects
- spur · stavely-stawell
- Commodities
- gold · copper
Waratah Completes Acquisition of Ironclad Mining LeaseTransaction · HighExtracted
Completion of the Ironclad GL5828 acquisition following regulatory approval, with drilling underway.
- Document ID
- wtm-20260707-ironclad-completion
- Published UTC
- 2026-07-06T23:19:49Z
- Projects
- spur
- Commodities
- gold · copper
Notification regarding unquoted securities - WTMFinancing · HighExtracted
Issue of 11.25 million performance rights and exact post-issue quoted and unquoted security totals.
- Document ID
- wtm-20260617-app3g
- Published UTC
- 2026-06-17T06:49:17Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - WTMTransaction · MediumExtracted
Quotation of 71,788 ordinary shares as part consideration for Goldenclad.
- Document ID
- wtm-20260615-goldenclad-quotation
- Published UTC
- 2026-06-15T07:10:18Z
- Projects
- spur
- Commodities
- gold · copper
Proposed issue of securities - WTMTransaction · MediumExtracted
Proposed share consideration for the Goldenclad mining lease acquisition.
- Document ID
- wtm-20260602-goldenclad-proposed-issue
- Published UTC
- 2026-06-02T06:36:54Z
- Projects
- spur
- Commodities
- gold · copper
Waratah Consolidates Spur Gold DistrictEconomic Arrangement · HighExtracted
Goldenclad 24-month option, staged fees, A$400,000 exploration commitment and conditional 1.5% NSR.
- Document ID
- wtm-20260602-goldenclad-deed
- Published UTC
- 2026-06-01T22:28:00Z
- Projects
- spur
- Commodities
- gold · copper
Application for quotation of securities - WTMFinancing · HighExtracted
Quotation of 77,419,355 placement shares at A$0.62, taking quoted ordinary shares to 387,680,538.
- Document ID
- wtm-20260514-placement-quotation
- Published UTC
- 2026-05-14T00:15:02Z
- Projects
- —
- Commodities
- —
A$48m placement to fund aggressive drilling program at SpurFinancing · HighExtracted
Placement announcement guides maiden Spur resource estimate in Q1 calendar 2027.
- Document ID
- wtm-20260507-placement-release
- Published UTC
- 2026-05-06T23:29:00Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportOperations · HighExtracted
March 2026 quarter review with drilling progress, early metallurgical results, cash and runway.
- Document ID
- wtm-20260429-march-quarter
- Published UTC
- 2026-04-29T06:29:59Z
- Projects
- spur · stavely-stawell
- Commodities
- gold · copper
2025 Annual ReportResults · HighExtracted
Audited 2025 annual report covering financial position, capital movements, governance and project activities.
- Document ID
- wtm-20260325-annual-report
- Published UTC
- 2026-03-25T07:10:17Z
- Projects
- spur · stavely-stawell
- Commodities
- gold · copper
Strategic Acquisition expands Spur Gold ProjectTransaction · HighExtracted
Binding agreement to acquire the Ironclad mining lease adjoining the Spur district.
- Document ID
- wtm-20260216-ironclad-acquisition
- Published UTC
- 2026-02-15T21:19:13Z
- Projects
- spur
- Commodities
- gold · copper
Quarterly Activities Report - December 2025Operations · HighExtracted
December quarter review of Spur and Consols drilling and the launch of an 80,000 metre 2026 program.
- Document ID
- wtm-20260127-december-activities
- Published UTC
- 2026-01-26T22:04:58Z
- Projects
- spur · stavely-stawell
- Commodities
- gold · copper
Appendix 5B Cash Flow Report - December 2025Results · MediumExtracted
December 2025 Appendix 5B showing A$28.632 million cash and 6.7 quarters of reported funding.
- Document ID
- wtm-20260127-december-cashflow
- Published UTC
- 2026-01-26T22:09:28Z
- Projects
- —
- Commodities
- —
Quarterly Activities Report - September 2025Operations · HighExtracted
September 2025 activity report documenting the Consols extension and continued Spur corridor growth.
- Document ID
- wtm-20251030-september-activities
- Published UTC
- 2025-10-30T08:36:22Z
- Projects
- spur · stavely-stawell
- Commodities
- gold · copper
Quarterly Cashflow Report - September 2025Results · MediumExtracted
September 2025 Appendix 5B cash flow and funding runway statement.
- Document ID
- wtm-20251030-september-cashflow
- Published UTC
- 2025-10-30T08:35:52Z
- Projects
- —
- Commodities
- —
FY24 Half Year Financial StatementsResults · MediumExtracted
Half-year accounts and an early operating review of the Spur, Stavely-Stawell and then-held Azura portfolio.
- Document ID
- wtm-20240816-half-year-report
- Published UTC
- 2024-08-16T04:01:12Z
- Projects
- spur · stavely-stawell
- Commodities
- gold · copper
Evidence facts56
2630865 AUD
2024-06-304034 metres
2024-06-30208.7m at 1.17 g/t Au from 514m None
2025-08-0416098000 AUD
2025-09-304.76 quarters
2025-09-3080000 metres
2026-01-2728632000 AUD
2025-12-311000000 AUD
2026-02-16GL5828 None
2026-02-1628631917 AUD
2025-12-31309261183 shares
2025-12-3139230 AUD
2025-12-312.5 % NSR
2025-12-317250000 AUD
2025-12-31Andrew Stewart; Peter Duerden; Bill Hundy None
2026-03-2522448000 AUD
2026-03-3190-97 %
2026-02-1077419355 shares
2026-05-140.62 AUD/share
2026-05-14250000 AUD
2026-06-0271788 shares
2026-06-15387752326 shares
2026-06-1726750000 rights
2026-06-1732960336 options
2026-06-17completed None
2026-07-07district-scale discovery without a declared Mineral Resource None
2026-07-2257714000 AUD
2026-06-305.8 quarters
2026-06-309719000 AUD
2026-06-3012 rigs
2026-06-30148000 AUD
2026-06-30388000000 shares
2026-07-3077132 metres
2026-08-0490-97 %
2026-08-040.565 AUD/share
2026-08-12872271 shares
2026-08-12Q1 CY2027 None
2026-05-0724 months
2026-06-02A$100k initial fee; A$100k extension fee if not exercised by one year; A$500k exercise consideration; A$500k bonus on 20koz JORC reserve; A$400k exploration commitment; 1.5% NSR after completion None
2026-06-021.5 % NSR
2026-06-0220m at 1.82 g/t Au from 53m None
2026-08-17Q4 2026 subject to regulatory approvals None
2026-08-1720061796 AUD
2026-06-3019088147 AUD
2026-06-3012.7m at 1.35g/t Au from 44m None
2026-08-2575 metres
2026-08-25150 metres
2026-08-31500000 shares
2026-08-31388252326 shares
2026-08-3180000 AUD
2026-08-3189-93 %
2026-09-164-24 %
2026-09-1646m at 7.27 g/t Au from 541m None
2026-09-2270m north and 150m east None
2026-09-220.795 AUD/share
2026-09-251944226 shares
2026-09-25Conflicts requiring judgment1
- capital_structure.ordinary_shares
The June Appendix 3G reports 387,752,326 ordinary shares, while the August presentation rounds to 388 million. An accessible secondary account of the later 31 August Appendix 2A reports another 500,000 option-exercise shares, giving 388,252,326. That later exact count is selected with medium certainty because the primary August PDF was inaccessible.