WA1 Resources Ltd (AU:WA1) has released an update.
WA1 Resources Ltd reported significant advancements in their West Arunta Project, with successful drilling results extending the known high-grade niobium mineralisation and delivering promising flotation test outcomes, achieving up to 61% niobium pentoxide at 52% recovery. The initial Mineral Resource estimate revealed a world-class scale deposit containing a high-grade subset, positioning the company well with a cash balance of A$47M as of June 30, 2024.
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