Western Mines Group Ltd WMG.AX
AUD0.18
Last Updated: Aug 11, 12:00 AM·ASX
Pricing for AU stocks is delayed by 24 hours
WMG.AX Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Western Mines Group Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Western Mines Group Ltd. Stock Analysis WMG.AX
Australia Materials Nano Cap Western Mines Group Ltd. engages in the mineral exploration. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-07-20. The Company’s projects include Mulga Tank, Jasper Hill, Youanmi. The Mulga Tank Project comprises exploration licenses E39/2132, E39/2134, E39/2223 and exploration license application E39/2299, covering an area of 425 square kilometers (km2). The project is located 190 kilometers (km) east-northeast of Kalgoorlie in the Duketon Domain of the Burtville Terrane, in the Eastern Goldfields Province of the Yilgarn Craton, Western Australia (WA). The Jasper Hill Project lies on the Merolia Greenstone Belt and is located approximately 90 km southeast of Laverton and 50km from the Company’s Rock of Ages project. Youanmi Project consists of exploration license E57/1119 covering 12km2. The project is located approximately 70km southwest of Sandstone, in the Southern Cross Domain of the Youanmi Terrane of Yilgarn Craton, WA. Its other projects include Fraser Range and Mt Narryer.
Western Mines Group Ltd (WMG.AX) Chart
Financial Metrics & Statements of Western Mines Group Ltd (WMG.AX)
FAQ's for Western Mines Group Ltd (WMG.AX)
- As of August 2026, Western Mines Group Ltd WMG.AX is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Western Mines Group Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Western Mines Group Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Western Mines Group Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Western Mines Group Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Western Mines Group Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Western Mines Group Ltd (WMG.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
