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): 236
Equiv. Shares (M): 361

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.650 $ 0.655 $ 0.660 $ 0.650 $ 0.655 266,479 $ -0.005  -0.763 %

Company Overview

Business Description:
Western Desert Resources Limited (WDR) is an exploration company with a diversified portfolio of projects in the Northern Territory of Australia, including gold and copper tenements near Pine Creek and Tennant Creek, uranium and other base metal projects.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  F 26.4 6.9 -- 9.5 -- 0.0 --
2013  F -10.1 -3.2 -- -- -- 0.0 --
2012  A -3.4 -1.6 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
BHP Billiton (BHP) $105,343 M -0.1359 -0.2624 0.1727 10.4144 14.1191 12.0393 0.0335 0.0341 0.0365
Iluka Resources (ILU) $4,304 M -0.2536 -0.7033 2.1588 11.3931 38.4012 12.1570 0.0340 0.0232 0.0291
Rio Tinto (RIO) $23,378 M -0.3874 0.0604 0.1398 11.0815 10.4503 9.1689 0.0300 0.0330 0.0366
Sims Metal Management (SGM) $1,818 M -0.6378 -0.2367 1.9358 26.4330 34.6304 11.7959 0.0225 0.0122 0.0414
Western Desert Resources (WDR) $245 M -- -- -- -- -- 9.8551 0.0000 0.0000 0.0000

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
WDR -- -- 3.13 -- --
Market 0.94 12.3 0.82 1.92 2.44
Sector 0.54 8.13 0.59 2.07 5.83

Directors
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 Phillip Clive Lockyer Non-Executive Director 01 June 2010
Mr Graham John Bubner Non-Executive Director 20 October 2006
Mr Michael Kevin Ashton Non-Executive Director 01 May 2007
Mr Scott Perrin Non-Executive Director 24 June 2011

Management
Name Position
Laurence (Laurie) Ackroyd Chief Finance Officer,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
40,000,000 (12.46%) Permat Holdings Pty Ltd
17,930,015 (5.59%) Ashton, Michael Kevin

Calendar of Events
Date Event
25 April 2014 Report (Quarterly)
24 January 2014 Report (Quarterly)
28 October 2013 Report (Quarterly)
25 October 2013 Report (Annual)
27 September 2013 Report (Annual)
26 July 2013 Report (Quarterly)
© 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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