White Energy Company Limited
0.23
AUD
+0.01
(+3.18%)
ISIN
AU000000WEC5
Return %
Stock
S&P 500
1Y
630.87
14.20
3Y
242.26
81.12
5Y
-93.86
68.34
Capital Structure
AUD
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.Company Description
- CEO
- Greg Sheahan
- Full Time Employees
- 75
- Sector
- Energy minerals
- Industry
- Coal
- Address
- Lobby 1, 76 Skyring Terrace Newstead QLD Australia 4006
- IPO Date
- Jul 23, 1999
- Website
- whiteenergyco.com
- Similar Companies
- Business
- White Energy Company Limited (ASX:WEC) is a global resource company that harnesses emerging technologies for coal beneficiation and minerals exploration targeting Tier 1 high-value deposits vital for a decarbonised future. The company operates through two primary divisions: coal technology, where it holds the exclusive worldwide license for Binderless Coal Briquetting (BCB) technology developed by a CSIRO-led consortium to upgrade low-rank sub-bituminous coals, lignite, and coal fines into higher-energy briquettes suitable for power generation; and mining exploration, employing lithospheric-scale imaging, ionic geochemistry, and AI-driven machine learning to identify targets for copper, gold, cobalt, zinc, rare earth elements, and iron oxide-copper-gold (IOCG) deposits. Its exploration portfolio includes the 100%-owned Tindal Project (11,629 km² in Northern Territory for Cu-Au-U-REE), Maranoa Project (Queensland for Cu-Au-Co), Robin Rise Project (South Australia for Cu-IOCG-REE), and Lora Creek Project (South Australia for IOCGU-U); plus a farm-in arrangement at Specimen Hill Project (Queensland for Cu-Au). White Energy maintains demonstration facilities at Cessnock, New South Wales, and advances BCB commercialization via a 49%-owned joint venture, River Energy, with Proterra Investment Partners in South Africa, including a pilot plant in Johannesburg processing local coal fines. Founded in 1999 and headquartered at Lobby 1, Level 2, 78 Skyring Terrace, Newstead, Queensland, the company conducts operations across Australia, South Africa, Asia, Mauritius, and the United Kingdom through subsidiaries and joint ventures. Recent developments include subsidiary Amerod Resources achieving a 51% earning interest in the Specimen Hill Project in March 2025 under a staged farm-in agreement with Tectonic Gold/Signature Gold, following A$1 million expenditure within 12 months of the February 2024 deal, with options for up to 76% total interest and advancing to drill-ready status via magnetic surveys, ionic sampling, and mapping identifying copper porphyry systems; completion of a 1,706m drilling program at Robin Rise's Coronation prospect in October 2024 intersecting IOCG-style features like haematite breccias and copper sulphides; granting of EPM28794 (War Effort) tenement in the Maranoa Project in July 2024; ongoing ionic soil sampling exceeding 2,000 samples at Tindal integrated with INRS research partnerships for geophysical targeting; successful BCB briquetting trials at the Johannesburg pilot plant commissioned in April 2024 using South African mine fines, with designs progressing for commercial-scale demonstration plants; settlement of a long-standing Singapore legal dispute with PT Bayan Resources in May 2024 recovering funds from security deposits; and a renounceable pro rata entitlement offer announced February 2025 to raise up to A$4.5 million for exploration and corporate purposes.