Westar Resources Ltd
Westar Resources Limited (ASX: WSR) is a West Perth-based explorer for gold and base metals in Western Australia and the Northern Territory, and is also looking for a more advanced gold or copper project. Its newest gold project, Jerrys Bore in the NE Goldfields (exploration licence granted April 2026), returned three high-priority gold targets from a 1,218-sample soil program reported in September 2026. Westar also holds the Gidgee North gold-copper-zinc project near Meekatharra in the Murchison, including the Mageye anomaly on the Geoff Well farm-in, where an aircore program is planned; a 25% interest in the Mt Finnerty gold project near Southern Cross, free-carried to a decision to mine, whose 75% partner is now Forrestania Resources after it bought Ramelius Resources' Edna May hub in September 2026; applications for the Mount Strawbridge and Gabbi Gundi licences; and the Bunda Creek sediment-hosted copper project in the Birrindudu Basin, Northern Territory, where the NT Government is co-funding an airborne magnetic and radiometric survey. None of its projects has a resource estimate.
Notable vs. Peers
- Financials score of 7.6/10 is stronger than the peer average of 5.3/10.
- Trading within 2% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Jurisdiction (40%)9/10
Western Australia (Murchison, NE Goldfields and Southern Cross districts) and the Northern Territory, Australia: Tier-1 mining jurisdictions.
Infrastructure (40%)Not yet researched
No flagship project on file yet, so existing mill, road access, grid power, and tailings facility haven't been researched.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:1/10
Stage: Grassroots Exploration
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Non-Executive Director of Westar Resources Ltd, appointed March 2025 alongside Eddie King following Simon Eley's and Chris Newman's departures from the board.
Non-Executive Director and Company Secretary of Westar Resources Ltd, appointed 27 May 2026, replacing Ben Donovan in both roles. Chartered Accountant and graduate of the Australian Institute of Company Directors with more than 15 years' experience across company-secretarial, corporate-advisory and financial-management roles in the ASX-listed environment.
Holds a Bachelor of Commerce and Bachelor of Engineering (Mining Systems) from the University of Western Australia. Previously a manager for an investment banking firm specialising in technical and financial analysis of bulk commodity and other resource projects for investment and acquisition, and a corporate adviser/representative for a stockbroking firm managing capital raisings and originating acquisitions for ASX-listed companies. Currently a Director of CPS Capital Group. Other current board seats: Executive Chairman of Rubix Resources Ltd. (ASX: RB6), Executive Director of Ragnar Metals Ltd. (ASX: RAG), Non-Executive Chairman of Bindi Metals Ltd. (ASX: BIM) and Eastern Resources Ltd. (ASX: EFE), and Non-Executive Director of M3 Mining Ltd. (ASX: M3M) and Queensland Pacific Metals Ltd. / QPM Energy Ltd. (ASX: QPM). Formerly a director of Lindian Resources Ltd. (ASX: LIN), Bowen Coking Coal Ltd. (ASX: BCB), Axxis Technology Group Ltd. (ASX: AYG, renamed ECS Botanics Ltd., ASX: ECS), European Cobalt Ltd. (ASX: EUC, renamed Aston Minerals Ltd., ASX: ASO), Six Sigma Metals Ltd. (ASX: SI6), and Sultan Resources Ltd. (ASX: SLZ).
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Checked directly against the company's own site, which is live. No producer, specialist fund or named institution holds a disclosed position, and there are no insider trading records in our data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Westar Resources is a West Perth-based explorer for gold and base metals in Western Australia and the Northern Territory, and is also looking for a more advanced gold or copper project. Its newest gold project, Jerrys Bore in the north-eastern Goldfields, granted in April 2026, returned three high-priority gold targets from a 1,218-sample soil program reported in September 2026. It also holds the Gidgee North gold-copper-zinc project near Meekatharra, including the Mageye anomaly on the Geoff Well farm-in, where an aircore program is planned, and a 25% interest in the Mt Finnerty gold project near Southern Cross, free-carried to a decision to mine, whose 75% partner is now Forrestania Resources. In the Northern Territory it holds the Bunda Creek sediment-hosted copper project in the Birrindudu Basin, where the NT Government is co-funding an airborne magnetic and radiometric survey, and it has applied for the Mount Strawbridge and Gabbi Gundi licences. None of its projects has a resource estimate.