Past year: ▲ 661%(2.80c – 29.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
31 Aug 2026business combination● NeutralMajor
WEC signed binding agreements to buy Essential Global Resources (83.3M shares at $0.06, about $5M) and Oceltip Coal 2 ($4.5M, adjusted for debts), with Nathan Tinkler among sellers. Shareholders approved the raise of up to 250M shares at $0.06 (~$15M); completion follows funds being received.
28 Aug 2026other● Neutral
ASX paused trading in WEC securities pending a further announcement. No reason is given in the notice itself.
31 July 2026quarterly activities report● Neutral
June-quarter report restates the coal acquisition term sheet, Specimen Hill assay vectors and Tindal soil anomalies, and BCB support for Proterra's South African demonstration plant. Stage 2 farm-in completion notice, for a further 25%, is still not issued. Routine summary of known items.
30 July 2026drilling result● Neutral
First assays from the eight-hole Specimen Hill program, selective only: a surface gossan sample 280 m from hole C26MR08 returned 1.2% Cu, 5.0 g/t Au and 329 g/t Ag, but drill copper peaks are low (452 ppm). 13 sub-blocks were relinquished, leaving about 246.4 km2.
30 July 2026drilling result▲ Good
Analysis of 781 ionic soil samples at Tindal's Manbulloo area shows Cu-Zn-Ni-Au-REE anomalies along the Mallapunyah fault zone, within a 2,400 km2 work area. No drilling has been done; follow-up geophysics will refine potential drill targets.
8 July 2026regulatory community update▲ Good
ASX confirmed Listing Rules 11.1.1-11.1.3 do not apply to the proposed EGR and Tin Hut Creek acquisitions, so WEC need not meet the full re-listing requirements. Due diligence continues. ASX wants consultation on any further acquisitions or disposals within 12 months.
23 June 2026debt financing● Neutral
WEC secured an unsecured loan facility of up to $1M, at the lender's discretion, from Ilwella, a company of Chairman Brian Flannery. Interest is 0.8% a month, repayable on demand or from raising proceeds. It funds due diligence and working capital for the proposed acquisitions.
22 May 2026business combination● NeutralMajor
WEC signed a non-binding term sheet to buy the Lolley No. 1 Alabama coking coal project (83.3M shares at $0.06, about $5M) and Queensland's Tin Hut Creek coal assets ($4M cash), conditional on a ~$15M raise at $0.06. Nathan Tinkler is proposed as Executive Chair.
30 Apr 2026quarterly activities report● Neutral
March-quarter report: Specimen Hill drilling finished with assays pending, and WEC says it has met the second earn-in ($1M) for a further 25%, taking it to 76%, though formal completion notice has not been issued. EPM 29112 was granted.
30 Apr 2026drilling result● Neutral
The eight-hole Specimen Hill diamond program finished in March 2026. Preliminary logging shows widespread alteration and signs of copper-gold mineralisation consistent with several deposit styles. Assays are still pending, and no resource is implied at this early stage.
11 Mar 2026half year report● Neutral
Half-year report to 31 December 2025, with the directors' report covering the Komarek agency agreement, South African pilot plant trials and exploration. The visible text shows no financial figures. Routine reporting of known developments.
30 Jan 2026quarterly activities report● Neutral
December-quarter report: the entitlement offer raised $3.2M net, the Komarek agency agreement and the Mountainside asset sale agreement were signed, and Specimen Hill logging of five holes shows alteration consistent with iron-oxide copper-gold style systems. Assays pending. Routine summary of known items.
30 Jan 2026drilling progress report● Neutral
Four Specimen Hill core holes are complete, with a fifth suspended at 19 m, and logging shows alteration and minor sulphides. No assays yet. Seven to nine more holes are expected, with drilling resuming late January 2026. This updates the program begun in October 2025.
28 Jan 2026asset acquisition disposition▲ GoodMajor
WEC agreed to sell the reacquired Mountainside wash plant, permit and lease to Blue Gem Poplar Creek for US$3.8M (about A$5.4M), shared with Proterra. Closing is due by 16 February 2026. WEC says it cannot verify the buyer's financing. The sale could partly recover the US$1.74M owed.
8 Jan 2026material agreement▲ GoodMajor
WEC's subsidiary BCBC signed an exclusive worldwide agency agreement with K.R. Komarek to sell BCB briquetting machines for a commission, starting when the licence expires 17 January 2026. Ten-year initial term; financial impact is not quantifiable. New River Energy licence still being negotiated.
12 Dec 2025drilling progress report● Neutral
Link to the 5 December webinar posted. WEC confirms the Specimen Hill drilling program, which began in October 2025, has completed, with sample results expected in the first quarter of calendar 2026. Results are still awaited.
12 Dec 2025capital raising announcement▲ GoodMajor
The 5-for-12 entitlement offer at $0.027 closed with acceptances of 124.5M shares ($3.36M). Morgans and sub-underwriters take up the 5.3M-share shortfall, so about 129.84M shares will be issued on 17 December, raising about $3.5M before costs.
2 Dec 2025investor presentation● Neutral
WEC announced a CEO investor webinar on 5 December 2025 covering the entitlement offer presentation, the Specimen Hill drilling program (Mt Rainbow and Mt Walturn targets) and the wider portfolio. Announcement of an event only; no new results.
28 Nov 2025investor presentation● Neutral
AGM CEO presentation repeats known facts: 311.62M shares on issue, A$0.030 share price and A$9.3M market capitalisation at 18 November, cash A$2.0M at the September quarter. Gaffwick holds about 45.28% and Flannery entities about 43.53%. Routine.
28 Nov 2025other● Neutral
AGM addresses: the chair says Proterra is raising capital for a South African commercial plant, which WEC will not fund, with WEC to receive royalties on sales. Morgans underwrites $392,250 of the raise. Drilling is underway at Specimen Hill. Routine.
28 Nov 2025debt financing● Neutral
Chairman Flannery's private company Ilwella offered an unsecured loan facility of up to $250,000, at the lender's discretion, for working capital until the entitlement offer completes. Interest is 0.8% per month; repayable within a year or on demand, or from raising proceeds.
27 Nov 2025capital raising announcement● Neutral
Dispatch of the entitlement offer booklet to eligible shareholders is complete. The offer opened 26 November and closes 5:00pm AEDT on 10 December 2025 unless extended. Administrative.
26 Nov 2025capital raising announcement● Neutral
Notice to shareholders outside Australia and New Zealand that they cannot take part in the entitlement offer, given their small number and the cost of complying with foreign laws. Administrative; no action required.
26 Nov 2025capital raising announcement● Neutral
Offer booklet for the 5-for-12 entitlement offer at $0.027 per share, dated 26 November. It closes 10 December 2025. Repeats terms already announced on 19 November; no new figures in the visible text.
26 Nov 2025capital raising announcement● Neutral
Notice that offer documents are being sent to eligible shareholders (Australia and New Zealand) for the 5-for-12 offer at $0.027. Administrative cover notice with no new substance.
19 Nov 2025investor presentation● Neutral
Investor presentation supporting the 19 November entitlement offer, repeating its terms: $0.027 per share, about $3.5M. Known facts only; the visible text is mostly legal disclaimers, with no new results.
19 Nov 2025capital raising announcement● NeutralMajor
WEC launched a 5-for-12 entitlement offer at $0.027 per share to raise about $3.5M, partially underwritten by Morgans (about $400,000). Flannery-linked entities and Gaffwick will take up in full. Proceeds fund exploration at Specimen Hill, Tindal, Maranoa and Robin Rise. This follows the March raise at $0.034.
30 Oct 2025quarterly activities report● Neutral
September-quarter report: Specimen Hill core drilling began late October after the 51% tenement transfer was registered 16 October. Rock chips (19 samples) returned six copper results of 0.436%-1.320% and gold peaks of 10.95 and 13.70 g/t. Tindal analysis continues. Routine update.
24 Oct 2025drilling spud▲ GoodMajor
Core drilling began at Specimen Hill, now 51% WEC-owned, with transfer of the tenements registered 16 October 2025. It targets IP, magnetic and geochemical anomalies and tests old copper intercepts. Seven priority targets identified; about six weeks expected.
23 Oct 2025annual report● Neutral
2024/25 annual report: EBITDA loss narrowed to $3.1M from $4.6M, due to no Bayan litigation or BCBC Singapore liquidation costs. Specimen Hill drilling is expected to start October 2025. WEC is negotiating a Komarek machine agency and a new River Energy licence.
