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Widgie Nickel Limited ( (AU:WIN) ) has shared an update.
Auric Mining Limited has completed a significant acquisition from WIN Metals, securing all nickel rights, water access, and a fully equipped mining camp for its Munda Gold Mine. This strategic move, valued at $1.4 million, enhances operational efficiency and control over the site, excluding lithium rights, which remain with WIN. The acquisition is expected to streamline open pit mining operations and benefit shareholders by improving resource management and operational logistics.
More about Widgie Nickel Limited
Auric Mining Limited operates in the mining industry, focusing on the extraction and development of mineral resources. The company primarily deals with gold mining operations and has recently expanded its interests to include nickel rights and associated minerals, enhancing its portfolio in the mining sector.
Average Trading Volume: 1,445,045
Technical Sentiment Signal: Sell
Current Market Cap: A$13.35M
Learn more about WIN stock on TipRanks’ Stock Analysis page.