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WTM - WARATAH MINERALS LIMITED

2026-05-07|52wk: -|- shares

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Wait

Price

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Target

A$1.94

Upside

Mkt Cap

Cash

Investment Thesis

Analysis based on latest announcement.

What No One Else Is Seeing

Valuation & Price Target

See full analysis for valuation details.

Bear

A$1.13

Base

A$1.94

Bull

A$2.94

Key Risks

No specific risks identified.

Key Catalysts

Date	Event
Near-term	Pending drill results / assays
Medium-term	Resource estimate update

AI Analyst Note

See the full analysis for our detailed assessment.

This report is prepared by Clubroom Research for informational purposes only. It does not constitute financial advice or a recommendation to buy, sell, or hold any security. All opinions and estimates are subject to change without notice. Always do your own research and consult a licensed financial adviser before making investment decisions. Past performance is not indicative of future results.

AI-Generated Analysis - This report was produced using Clubroom Stocks' proprietary AI engine, built on our own curated databases, custom training pipelines, and specialist prompting frameworks developed exclusively for ASX resource sector analysis. This is not financial advice. Always do your own research before making investment decisions.

Mine Sites(2)

Avg score: 2.5/5.0

2.5

Rating History — 18 alerts

🌍 Australia — Tier 1 (full upside)

All returns measured from alert price as Day 0

DateAnnouncementVerdictAlert PriceSince AlertDay 1Day 5Day 20

7 May 26$48m placement to fund aggressive drilling program at Spur

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↓ Downgradedfrom UNICORN to WAIT

5 May 26Trading Halt

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↑ Upgradedfrom MASSIVE UPSIDE to UNICORN

1 May 26Drilling Returns second 200 gram-metre Intercept at Consols

🦄Unicorn Potential

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-5.6%

A$0.675

-1.4%

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↓ Downgradedfrom UNICORN to MASSIVE UPSIDE

30 Apr 26Drilling Returns second 200 gram-metre Intercept at Consols

🔥Massive Upside

A$0.700

-5.6%

A$0.675

-1.4%

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↑ Upgradedfrom MASSIVE UPSIDE to UNICORN

15 Apr 26High-Grade Gold Mineralisation Continues to Grow at Consols

🦄Unicorn Potential

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-10.0%

A$0.675

0.0%

-4.0%

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↑ Upgradedfrom UNDERVALUED to MASSIVE UPSIDE

14 Apr 26High-Grade Gold Mineralisation Continues to Grow at Consols

🔥Massive Upside

A$0.760

-11.2%

A$0.675

-1.3%

-6.6%

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6 Apr 26World-Class Gold Intercepts Justify Premium, But Valuation Stretched

💎Undervalued

A$0.660

+0.8%

A$0.670

+2.3%

+14.3%

+1.5%

26 Mar 26Consols High-Grade Gold Mineralisation and System Expansion

💎Undervalued

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-1.5%

A$0.675

-1.5%

-2.9%

+3.6%

↑ Upgradedfrom WAIT to UNDERVALUED

2 Feb 26Drilling returns high-grade gold hits from Consol & Spurs

💎Undervalued

—

+6.3%

A$0.675

-2.4%

+5.5%

+18.9%

11 Nov 25Trading Halt

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11 Nov 25Pause in Trading

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13 Aug 25A$30m Placement to Accelerate Drilling at the Spur Project

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↓ Downgradedfrom UNDERVALUED to WAIT

11 Aug 25Trading Halt

🟡Wait

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↑ Upgradedfrom WAIT to UNDERVALUED

4 Aug 25Multiple zones of high-grade gold extend Spur Gold Corridor

💎Undervalued

—

+46.7%

A$0.675

+21.7%

+37.0%

+56.5%

12 May 25$8.4m equity raising to accelerate drilling at Spur

🟡Wait

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↓ Downgradedfrom UNDERVALUED to WAIT

8 May 25Trading Halt

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5 May 25Porphyry Copper-Gold intersected at Breccia West

💎Undervalued

—

+125.0%

A$0.675

+1.7%

+16.7%

+13.3%

24 Mar 25Drilling Extends High-Grade Gold Mineralisation at Spur

💎Undervalued

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+321.9%

A$0.675

+6.3%

+18.8%

Day 1 = 1 trading day after alert. Day 5 = 5 trading days. Day 20 = 20 trading days. Live = current price vs alert price. Each alert tracks independently — a re-rating starts fresh tracking from the new alert price.