Deloitte Western Australia Index 2024

This year the market capitalisation of Western Australian listed entities closed at A$349.7 billion, down 3.7% for the year. During the past 12 months we’ve observed some interesting commodity price movements and witnessed strong M&A activity within the Mining & Metals sector sure to keep resource investors on their toes. Despite this corporate momentum, a disappointing final quarter saw the WA Index finish weaker than the other global indices surveyed in the closeout of the 2024 financial year.

Deloitte WA Index High Growth Award Winners

As is customary for our Diggers & Dealers Special Edition, we recognise the top performing companies in the Deloitte WA Index delivering outstanding market capitalisation growth over the year. Congratulations to all.

The Top 3 movers in the WA Index Top 20 in terms of market capitalisation growth for the year ended 30 June 2024 – Red 5, Emerald Resources, Ramelius Resources

The Top 3 movers in the WA Index Top 100 in terms of market capitalisation growth for the year ended 30 June 2024 – Spartan Resources, FireFly Metals, Wildcat Resources

Feature articles:

In this special edition, we have delved into the topic of Mergers & Acquisitions in the mining industry, specifically the linkage to energy transition and the approach of acquiring existing projects for cost and time effectiveness; and the role of government incentives for mining companies to engage in M&A activity for the broader benefit of localising critical minerals related supply chains.