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Home CompaniesSummit Minerals Ltd

Summit Minerals Ltd

Basic Materials Other Industrial Metals & Mining
PortfolioPortfolio WatchlistWatchlist
Company price
None AUD 0.00(0%)
Last update at 2026-06-05T06:45:05.493554Z
Market Cap
5.04M

Momentum Score

…

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.

Source: TradingView
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52 Week Price Range
0.03
Low
0.06
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
-
Dividend Yield
-
Revenue TTM
0.10M
Revenue Per Share
0.00
Gross Profit TTM
0.10M
Debt / Equity
-
ROE
-39.57%
Net Debt
-1.41M
ROCE
-42.19%
Diluted EPS TTM
-0.05

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2017-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2017-12-31
Income before tax -4.90M -4.82M -0.96M -0.95M -25.08M
Net income -4.90M -4.82M -0.96M -0.95M -25.83M
Selling general administrative 2.13M 1.74M 0.86M 0.88M 3.48M
Selling and marketing expenses 2.62M 1.87M - - -
Gross profit 0.10M 0.42M - - -2.40M
Ebit -4.91M -4.74M -0.94M -1.64M -15.85M
Ebitda -4.66M -3.20M - - -
Depreciation and amortization 0.26M 1.54M - - -
Operating income -4.66M -3.20M -0.94M -0.95M -15.85M
Other operating expenses 4.75M 3.61M - - 0.70M
Interest expense - - - - 0.00M
Tax provision 0.00M 0.00M 0.00M 0.00M -
Interest income 0.01M 0.42M 0.02M - -
Net interest income - 0.42M 0.07M - -
Income tax expense - -1.54M - - 0.75M
Total revenue 0.10M 0.42M 0.07M 0.00M 32.56M
Total operating expenses 4.75M 3.61M - - 48.41M
Cost of revenue - - - - 34.97M
Total other income expense net -0.25M -1.63M -0.02M - -9.23M
Net income from continuing ops - -4.82M -0.96M - -25.83M
Net income applicable to common shares -4.90M -4.82M -0.96M -1.64M -25.83M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2017-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2017-12-31
Total assets 11.78M 13.35M 6.10M 0.83M 53.72M
Other current assets 0.04M 0.10M 0.22M - 3.65M
Total liab 0.13M 0.21M 0.35M 1.01M 79.27M
Total stockholder equity 11.65M 13.14M 5.75M -0.18M -25.55M
Other current liab 0.05M 0.13M 0.22M 0.74M 13.90M
Common stock 15.26M 12.08M 6.08M 0.30M 4.90M
Capital stock - - 6.08M - -
Retained earnings -11.64M -6.74M -1.91M -0.95M -42.42M
Other liab - - - - 2.37M
Other assets - - - 0.00M 3.00M
Cash 1.41M 2.23M 2.46M - 2.10M
Cash and equivalents - - 2.46M 0.80M -
Total current liabilities 0.13M 0.21M 0.35M 1.01M 35.54M
Net debt -1.41M -2.23M - - -
Short term debt - - 0.00M 0.00M 5.00M
Short long term debt - - - - 5.00M
Other stockholder equity - - 1.58M 0.47M -1.51M
Property plant equipment - - 3.22M - 35.90M
Total current assets 1.45M 4.93M 2.77M 0.83M 14.82M
Long term investments - - 0.10M - -
Net tangible assets - - 5.75M -0.18M -25.55M
Net receivables - - 0.04M 0.03M 3.37M
Long term debt - - - - 41.36M
Inventory - - - - 5.70M
Accounts payable 0.09M 0.08M 0.04M 0.24M 16.26M
Accumulated other comprehensive income 8.03M 7.80M - - -
Non current assets total 10.33M 8.42M 3.33M - -
Long term debt total - - 0.00M 0.00M -
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2017-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2017-12-31
Investments - -2.62M -0.69M - -
Change to liabilities - - 0.13M 0.46M 9.46M
Total cashflows from investing activities -1.58M -2.62M -0.69M -0.01M -6.74M
Net borrowings - - - - -6.34M
Total cash from financing activities 2.25M 3.28M 3.23M 0.51M 1.26M
Change to operating activities - - - - 3.01M
Net income -4.90M -4.82M -0.96M -1.64M -25.83M
Change in cash -0.83M -0.23M 1.66M 0.10M -0.40M
Begin period cash flow 2.23M 2.46M 0.80M - -
End period cash flow 1.41M 2.23M 2.46M 0.80M -
Total cash from operating activities -1.49M -0.89M -0.88M -0.40M 5.09M
Issuance of capital stock - 3.28M 3.23M - -
Depreciation 0.26M 1.54M 0.14M 0.14M 9.26M
Other cashflows from investing activities - 0.31M 0.21M 0.21M 0.02M
Change to inventory - - - - -1.97M
Change to account receivables 0.04M -2.43M -0.22M -0.03M -
Sale purchase of stock 2.25M 3.28M 3.23M 0.30M 11.13M
Other cashflows from financing activities 2.25M 3.28M - - -3.54M
Change to netincome - - 0.02M 0.81M 10.81M
Capital expenditures 1.58M 2.93M 0.90M 0.90M 6.76M
Change in working capital 0.04M -2.43M 0.07M - -
Stock based compensation 2.62M 1.97M - - -
Other non cash items 0.50M 2.86M - - -
Free cash flow -3.07M -3.82M -1.78M - -

Peer Comparison*

Sector: Basic Materials Industry: Other Industrial Metals & Mining

Stock Name
Change
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Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
BHP
BHP Group Ltd		 -0.78
1.29%		 59.61 20.70 15.82 5.10 4.00 6.71
RIO
Rio Tinto Ltd		 -3.30
2.14%		 150.57 14.04 12.02 4.03 2.49 6.74
GLC
Glencore Plc		 0.27
2.69%		 10.30 15.15 11.30 0.38 1.95 7.60
FMG
Fortescue Ltd		 -0.37
2.40%		 15.05 11.31 13.61 2.81 1.51 4.32

Profile*

Summit Minerals Ltd

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.

460 Stirling Highway, Peppermint Grove, WA, Australia, 6011

61 8 6275 0808

https://summitminerals.com.au

Name Title Year Born
Mr. Jonathan David King B.Sc. Exploration Director NA
Mr. Jiahe He Chief Executive Officer NA
Mr. James Richard Stephenson C.A., C.M.A., C.P.A., CMA, CMA (Canada), CMA and F CFO & Company Secretary 1966
Mr. Jonathan David King B.Sc. Exploration Director NA
Mr. Jiahe He Chief Executive Officer NA
Mr. James Richard Stephenson C.A., C.M.A., C.P.A., CMA, CMA (Canada), CMA and F CFO & Company Secretary 1966
Mr. Jonathan David King B.Sc. Exploration Director NA
Mr. Jiahe He Chief Executive Officer NA
Mr. James Richard Stephenson C.A., C.M.A., C.P.A., CMA, CMA (Canada), CMA and F CFO & Company Secretary 1966
Mr. Jonathan David King B.Sc. Exploration Director NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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