Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
The latest announcement is out from Western Mines Group Ltd ( (AU:WMG) ).
Western Mines Group Ltd has announced the completion of its first Mineral Resource Estimate for the Mulga Tank Project, marking a significant milestone for the company. The project, which is a large-scale, open-pitable nickel sulphide deposit, has identified a total resource of 1,968 million tonnes grading 0.27% Ni, containing 5.3 million tonnes of nickel, 257,000 tonnes of cobalt, 161,000 tonnes of copper, and 1.1 million ounces of platinum and palladium. This development enhances WMG’s positioning in the mining sector and has potential implications for stakeholders due to the project’s scale and resource potential.
More about Western Mines Group Ltd
Western Mines Group Ltd (WMG) operates in the mining industry, focusing on nickel, copper, cobalt, and platinum group elements (PGE) exploration and development. The company’s primary project is the Mulga Tank Ni-Cu-Co-PGE Project located in the Minigwal Greenstone Belt, Western Australia’s Eastern Goldfields.
YTD Price Performance: -26.67%
Average Trading Volume: 103,426
Technical Sentiment Signal: Strong Buy
For a thorough assessment of WMG stock, go to TipRanks’ Stock Analysis page.