Summary
Number of updates
3
Number of managers
2
Last update
June 2025
Recent activity
Hold
The fund managers believe that WA1 Resources Ltd represents a significant investment opportunity, particularly due to its groundbreaking niobium discovery in Western Australia. They note that niobium is a critical mineral essential for advancing a low carbon economy, which underscores WA1's importance in this sector. Since their initial investment at $10 per share, the stock has shown a remarkable 29% return, and despite its current price of approximately $14.14, it trades below their internal DCF valuation, indicating substantial upside potential. The fund managers highlight WA1's successful drilling campaign, which has increased its market capitalization from $600 million to over $1 billion, resulting in a 100% return on their investment. They also emphasize that WA1 has delineated the world's second-best niobium deposit, with about 200 million tonnes of 1% niobium, positioning it as a tier-one asset in a critical metal market largely dominated by Brazil. The managers view WA1 as a high-conviction pick for the next 12 months, anticipating its potential acquisition by a major player in the mining sector.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Source: Trading View
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Commentary From The Managers
Datt Capital
6 June 2025
$14.14
Thesis Summary
- Centennial Asset Management believes Zip has the potential to rally in the short term.
- Zip is well positioned to deliver further strong growth in revenues and profitability.
- The US buy now, pay later market remains relatively immature, allowing Zip’s US footprint to grow rapidly.
- New product launches are expected to contribute to the company’s transaction volumes and earnings growth in the coming year.
- Zip’s balance sheet strength and ongoing buyback are expected to support share price performance.
- Zip has surprised the market with better-than-expected earnings over the past year.
- The company has upgraded expectations post the most recent quarter, indicating potential for additional upside earnings risk.
Endeavor Asset Management
31 May 2024
$21.20
Thesis Summary
- Endeavor Asset Management sold their investment in WA1 Resources (WA1) shares after a significant price increase.
- WA1 shares experienced a 23% surge in May.
- The company's market capitalisation increased from approximately $600 million to over $1 billion.
- This growth was driven by a highly successful drilling campaign conducted since the initial investment.
- Endeavor exited WA1 during the month at an average price of $20 per share.
- The exit captured a 100% return on their initial entry price within four months.
Endeavor Asset Management
28 Feb 2024
$13.10
Thesis Summary
- WA1 is a groundbreaking niobium discovery in Western Australia.
- Since our initial investment at $10 per share in February, it has returned 29%.
- Niobium is a critical mineral, essential for advancing a low carbon economy.
- This highlights the significance of WA1's role in this sector.
- The stock trades significantly below our internal Discounted Cash Flow (DCF) valuation.
- This suggests substantial upside potential for our investors.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
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Frequently Asked Questions
Who has invested in WA1 Resources Ltd (ASX:WA1)?
Fund managers including Endeavor Asset Management and Datt Capital have invested in WA1 Resources Ltd (ASX:WA1).
Why have investment managers invested in WA1 Resources Ltd (ASX:WA1)?
Fund managers are investing in WA1 Resources Ltd due to its groundbreaking niobium discovery in Western Australia, which is essential for a low carbon economy. The company has shown significant growth potential, with shares increasing from $10 to $21.20 within a few months, reflecting a 100% return on investment for Endeavor Asset Management. WA1's niobium deposit is the world's second-largest, with about 200 million tonnes identified, positioning it as a multi-generational asset in a critical metal market dominated by Brazil. The project is situated in a top mining jurisdiction, enhancing its appeal. Fund managers view WA1 as a strong long-term investment, anticipating substantial upside as the company progresses towards commercialization and explores emerging applications in battery technology.
What happened to WA1 Resources Ltd (ASX:WA1)?
In June 2025, Datt Capital highlighted WA1 Resources Ltd as a standout investment, noting its position as the owner of the world's second-best niobium deposit, with approximately 200 million tonnes of 1% niobium. This tier-one asset, located in Western Australia—recognized as a premier mining jurisdiction—offers significant potential, especially as niobium is a scarce commodity primarily sourced from Brazil. Datt Capital emphasized WA1's ongoing efforts to update their Mineral Resource Estimate (MRE) and progress towards commercialization, identifying it as a high-conviction pick for the next year, particularly due to niobium's critical role in steel making and emerging applications in battery technology.