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The latest announcement is out from Western Mines Group Ltd ( (AU:WMG) ).
Western Mines Group Ltd has successfully completed its Phase 3 reverse circulation drilling program at the Mulga Tank Project, uncovering substantial nickel sulphide mineralisation across multiple drill holes. The results confirmed the presence of high-MgO komatiite lithologies with significant nickel, cobalt, and copper deposits, strengthening the company’s position in the mineral exploration industry and potentially increasing its appeal to stakeholders. The company also announced a capital raise and a strategic review of its project portfolio to further streamline and focus exploration efforts in the future.
More about Western Mines Group Ltd
Western Mines Group Ltd is an exploration company primarily focused on the mining industry, specializing in discovering and developing mineral resources such as nickel, cobalt, copper, and platinum group elements (PGE). Their flagship project is the Mulga Tank Ni-Co-Cu-PGE Project, which is targeted at exploring and validating a significant nickel sulphide mineral system.
YTD Price Performance: -6.67%
Average Trading Volume: 98,275
Technical Sentiment Consensus Rating: Buy
See more data about WMG stock on TipRanks’ Stock Analysis page.
