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The latest update is out from WA1 Resources Ltd ( (AU:WA1) ).
During the quarter ending December 31, 2024, WA1 Resources Ltd reported significant progress in its West Arunta Project, particularly at the Luni niobium deposit. Key developments included the completion of approximately 50,000 meters of drilling, which supported resource definition and the anticipation of an updated Mineral Resource estimate. The company achieved excellent results from its metallurgical testwork, with high-grade niobium concentrates meeting target specifications for further processing. Additional activities included environmental and hydrogeological surveys, and the appointment of Lee Bowers as a Non-Executive Director. With a cash balance of $86.5 million, the company is well-positioned for continued exploration and pre-development efforts in 2025.
More about WA1 Resources Ltd
WA1 Resources Ltd is a mining company listed on the Australian Securities Exchange (ASX: WA1), focused on the exploration and development of mineral resources. The company is currently advancing its West Arunta Project in Western Australia, which includes the Luni niobium deposit.
YTD Price Performance: 4.91%
Average Trading Volume: 208,027
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$941.2M
For detailed information about WA1 stock, go to TipRanks’ Stock Analysis page.
