Widgie Nickel Limited ( (AU:WIN) ) has issued an announcement.
WIN Metals Ltd has strategically pivoted towards gold exploration due to a downturn in nickel and lithium prices. The acquisition of the Butchers Creek Gold Project has been completed under favorable terms, and the company has successfully conducted its first drilling campaign, confirming resource growth potential. Meanwhile, the company has impaired the value of its nickel and lithium assets to reflect current market conditions.
More about Widgie Nickel Limited
WIN Metals Ltd operates in the resource exploration and evaluation industry, focusing primarily on nickel and lithium projects. Recently, the company has shifted its focus towards gold assets, particularly with the acquisition of the Butchers Creek Gold Project.
YTD Price Performance: -15.00%
Average Trading Volume: 643,032
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$9.63M
For an in-depth examination of WIN stock, go to TipRanks’ Stock Analysis page.