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Western Areas Limited
Western Areas is a Public Company that generates the majority of its income from the Mineral Exploration industry. In 2021 the company generated total revenue of $259,545,000 including sales and other revenue. In 2021 Western Areas had 189 employees including employees from all subsidiaries under the company's control. The Chief Executive of Western Areas is Mr Daniel Richard Lougher whose official title is MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER. The Chairman of Western Areas is Mr Ian Macliver whose official title is Independent Non-Executive Chairman. Western Areas Limited divides its operations through mining, nickel refining, site exploration, and research & development. Its areas of operation are as follows: Forrestania - Western Areas' main mining operation is located in Western Australia and comprises two wholly owned high-grade nickel mines, Flying Fox and Spotted Quoll. The Cosmic Boy Concentrator, used to produce consistent nickel concentrate product is also part of operations at Forrestania Cosmos - The Cosmos Nickel Operation is located 30km north of Leinster, Western Australia and comprises of three nickel mines including the Odysseus Mine. Australian Exploration Assets - Their exploration arm is operated as joint ventures with other companies interested in base metals, and are conducted on a Farm-in basis. BioHeap - Wholly owned by Western Areas Limited, Bioheap is a bacterial leaching technology designed to separate valuable metals from sulphide ores. Grid Metals Corporation - Western Areas holds a 8% stake in the Grid Metals Corporation based in Toronto, Canada. This company focuses on exploration of nickel, copper and platinum in the south-east of Manitoba.
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What's included in this industry analysis
IBISWorld's research coverage on the Western Areas Limited includes market sizing, forecasting, data and analysis. The most recent publication will be as current as of March 2026.
Company Details
What’s this enterprise profile about?
Western Areas Limited, trading as Western Areas, operates under the ABN 68 091 049 357 and was incorporated on 24 December 1999. Western Areas Limited trades on the Australian Securities Exchange under the ticker code ASX:. Western Areas Limited primarily operates in the Mineral Exploration industry in Australia.
Key Personnel
What’s included in the Key Personnel chapter?
The Key Personnel chapter outlines the principal leadership positions within Western Areas Limited, including the Chairman, Board members, Chief Executive Officer, and other key management personnel. It provides an overview of the company’s governance and executive structure, along with a breakdown of gender diversity across leadership roles, offering insight into the composition of the organisation’s senior team.
Financials
What’s included in the Financials chapter?
The Financials chapter presents Western Areas Limited’s historical financial performance, including detailed profit and loss statements outlining sales revenue, cost of sales, and profitability. It also incorporates balance sheet data, providing a breakdown of assets and liabilities, as well as additional financial metrics such as the number of shares on issue. Together, these disclosures offer a comprehensive view of the company’s financial position and performance over time.
Growth & Ratios
What’s included in the Growth & Rations chapter?
The Growth & Ratios chapter provides historical data on key financial performance indicators, enabling an assessment of the company’s operational efficiency, profitability, and financial structure over time. Metrics covered include return on equity, return on assets, profit margins, revenue per employee, as well as gearing and leverage ratios, offering a comprehensive view of performance trends and capital management.
Operating Segments
What’s included in the Operating Segments chapter?
The Operating Segments chapter provides an overview of the revenue composition and asset allocation across the various industries in which Western Areas Limited operates. It offers insights into how the company’s financial performance is distributed among its core business segments, highlighting the relative contribution of each industry to total revenue.
Competitor Benchmarking
What’s included in the Competitor Benchmarking chapter?
The Competitor Benchmarking chapter includes a comparative assessment of Western Areas Limited’s key financial, growth, and valuation ratios against industry averages to evaluate its competitive position. It analyses valuation metrics such as price-to-earnings, price-to-book, enterprise value to EBITDA, and enterprise value to sales, alongside core financial indicators including liquidity ratios and profitability measures.
Industries of Operation
What’s included in the Industries of Operation chapter?
The Industries of Operation chapter outlines Western Areas Limited’s market share across the industries in which it operates. Each industry profile includes a comprehensive overview featuring data on total market size, the number of enterprises, industry concentration levels, and overall turnover. This analysis provides context for the company’s competitive position and scale within each relevant market.
Shareholders
What’s included in the Shareholders chapter?
The Shareholders chapter provides a breakdown of the ownership structure of Western Areas Limited, identifying key shareholders and outlining their respective ownership interests. This section offers insight into the concentration of shareholdings, the presence of institutional or strategic investors, and the overall distribution of equity within the company.
Subsidiaries
What’s included in the Subsidiaries chapter?
The Subsidiaries chapter provides an overview of the companies and business entities that are wholly or partially owned by Western Areas Limited. It outlines the ownership structure of each subsidiary, offering insight into the broader corporate group and how these entities contribute to the company’s overall activities and performance.
History
What’s included in the History chapter?
The History chapter presents a overview of Western Areas Limited’s development, highlighting key milestones and significant corporate events since its incorporation. It includes the company’s incorporation date and outlines major strategic, operational, and structural developments, providing context for its evolution and current market position.
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Frequently Asked Questions
What is Western Areas Limited?
Western Areas Limited divides its operations through mining, nickel refining, site exploration, and research & development. Its areas of operation are as follows: Forrestania - Western Areas' main mining operation is located in Western Australia and comprises two wholly owned high-grade nickel mines, Flying Fox and Spotted Quoll. The Cosmic Boy Concentrator, used to produce consistent nickel concentrate product is also part of operations at Forrestania Cosmos - The Cosmos Nickel Operation is located 30km north of Leinster, Western Australia and comprises of three nickel mines including the Odysseus Mine. Australian Exploration Assets - Their exploration arm is operated as joint ventures with other companies interested in base metals, and are conducted on a Farm-in basis. BioHeap - Wholly owned by Western Areas Limited, Bioheap is a bacterial leaching technology designed to separate valuable metals from sulphide ores. Grid Metals Corporation - Western Areas holds a 8% stake in the Grid Metals Corporation based in Toronto, Canada. This company focuses on exploration of nickel, copper and platinum in the south-east of Manitoba.
What industry does Western Areas Limited operate in?
Western Areas Limited, trading as Western Areas, is a Public Company that generates the majority of its income from the Mineral Exploration industry in Australia.
Where is Western Areas Limited located?
Murray Cod Australia Limited company is based at 2 Kings Park Road, West, West perth, Western Australia, Australia.
Who is the CEO of Western Areas Limited?
The MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER of Western Areas Limited is Richard James Yeates and the MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER is Daniel Richard Lougher.
What was Western Areas Limited’s revenue in 2025?
In 2025, Western Areas Limited generated total revenue of approximately $259.5 million.
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