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Market Cap: A$35.58M

West Wits Mining Limited, with a market cap of A$35.58 million, is pre-revenue and unprofitable, reporting a net loss of A$1.68 million for the year ending June 2024. The company has faced shareholder dilution over the past year but maintains more cash than total debt and has reduced its debt to equity ratio from 1.2% to 0.2% over five years. Short-term liabilities exceed short-term assets by A$0.9 million; however, recent private placements have bolstered financial resources slightly. Despite high volatility in its share price, the management team and board are experienced with tenures averaging over three years.

• Take a closer look at West Wits Mining's potential here in our financial health report.

• Explore historical data to track West Wits Mining's performance over time in our past results report.

Xanadu Mines

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Xanadu Mines Limited focuses on the exploration and development of mineral projects in Mongolia, with a market cap of A$89.75 million.

Operations: Xanadu Mines Limited does not report any revenue segments.

Market Cap: A$89.75M

Xanadu Mines Limited, with a market cap of A$89.75 million, is pre-revenue and focuses on mineral exploration in Mongolia. Recent announcements highlight promising copper assay results from the Sant Tolgoi Project, with four high-priority targets identified for drilling. The company has also raised A$5.5 million through a follow-on equity offering to support its exploration activities. Xanadu remains debt-free and has sufficient short-term assets to cover liabilities, though it faces challenges due to its unprofitable status and limited cash runway without further capital injections. Despite these hurdles, the management team is experienced and actively advancing key projects like Kharmagtai.

• Click to explore a detailed breakdown of our findings in Xanadu Mines' financial health report.

• Evaluate Xanadu Mines' prospects by accessing our earnings growth report.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:VRC ASX:WWI and ASX:XAM.

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