Western Desert Resources Limited (WDR)

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General Information
Company Name: Western Desert Resources Limited
Stock Code: WDR
Website: www.westerndesertresources.com.au
GICS Sub-Industry: Diversified Metals & Mining
Market Cap ($M): 90
Equiv. Shares (M): 620

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.145 $ 0.150 $ 0.150 $ 0.145 $ 0.145 111,708 0%

Current Broker Consensus Recommendation more
Recommendation: Buy (2)
Recommendation Date: 12th Sep 2014
Brokers Surveyed: 2

Company Overview

Business Description:
Western Desert Resources Limited (WDR) is a mineral exploration company with a diverse portfolio of project in the Northern Territory and is focused on gold and copper, uranium and other base metals.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A -6.2 -1.9 -- 0.0 0.0 0.0 --
2012  A -3.4 -1.6 -- 0.0 0.0 0.0 --
2011  A -2.0 -1.3 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
BHP Billiton (BHP) $108,298 M 0.1223 -0.0015 0.1627 12.6103 12.6287 10.8613 3.81 4.17 4.38
Iluka Resources (ILU) $3,379 M -0.6600 -0.7708 4.1294 26.3124 114.7937 22.3794 1.12 1.74 3.27
Rio Tinto (RIO) $25,801 M 0.5848 -0.2585 0.0251 7.7110 10.3990 10.1443 3.62 3.83 4.13
Sims Metal Management (SGM) $2,329 M 3.0215 1.1762 0.2786 33.8087 15.5358 12.1503 0.88 2.59 3.80
Western Desert Resources (WDR) $90 M -- -- -- -- -- -- 0.00 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
WDR -- -- 0.41 -- --
Market 1.20 13.5 0.99 0.99 3.49
Sector 0.71 10.44 0.71 0.97 4.35

Name Position Start Date
Mr Norman Wayne Gardner Managing Director 20 October 2006
Mr Richard (Rick) Hugh Allert Non-Executive Chairman 25 January 2011
Mr Bruce L Mathieson Non-Executive Director 02 December 2013
Mr Phillip Clive Lockyer Non-Executive Director 01 June 2010

Name Position
Mark Seatree Company Secretary
Andrew Bennett Exploration Manager
Patrick Collins General Manager - NT Operations
Graham Younge Mining Engineer
Claude Severino Roper Bar Project Manager

Substantial Shareholders
Holding Name
3,180,000 (0.81%) BLM Superannuation Nominees Pty Ltd
40,000,000 (10.19%) Permat Holdings Pty Ltd
13,654,489 (3.48%) Investment Holdings Pty Ltd

Calendar of Events
Date Event
30 July 2015 Report (Quarterly)
29 April 2015 Report (Quarterly)
30 January 2015 Report (Quarterly)
27 October 2014 Report (Quarterly)
14 October 2014 Report (Annual)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.


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