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Operations: The company generates revenue from its Mining & Exploration segment, amounting to A$0.03 million.

Market Cap: A$38.13M

West Wits Mining Limited, with a market cap of A$38.13 million, is pre-revenue and unprofitable, reporting a net loss of A$1.68 million for the year ending June 2024. The company has experienced management and board teams but faces liquidity challenges as short-term assets (A$1.5M) do not cover short-term liabilities (A$2.4M). Despite shareholder dilution over the past year, West Wits has reduced its debt-to-equity ratio from 1.2% to 0.2% over five years and maintains more cash than total debt. Recent capital raising efforts aim to extend its cash runway beyond six months amidst high share price volatility.

• Navigate through the intricacies of West Wits Mining with our comprehensive balance sheet health report here.

• Evaluate West Wits Mining's historical performance by accessing our past performance report.

Xanadu Mines

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

Overview: Xanadu Mines Limited is involved in the exploration and development of mineral projects in Mongolia, with a market cap of A$84.57 million.

Operations: Xanadu Mines Limited has not reported any revenue segments.

Market Cap: A$84.57M

Xanadu Mines Limited, with a market cap of A$84.57 million, is pre-revenue and currently unprofitable. The company has recently announced promising copper assay results from its Sant Tolgoi Project in Mongolia, identifying four high-priority targets for exploration. Despite not generating revenue, Xanadu remains debt-free and has managed to cover its short-term liabilities with assets totaling A$5.4 million against liabilities of A$461K. The recent follow-on equity offering raised A$5.5 million, which should help extend its cash runway beyond the current two months based on free cash flow estimates amidst ongoing project developments and potential future profitability.

• Take a closer look at Xanadu Mines' potential here in our financial health report.

• Learn about Xanadu Mines' future growth trajectory here.

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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:COI ASX:WWI and ASX:XAM.

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