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The latest update is out from Western Mines Group Ltd ( (AU:WMG) ).
Western Mines Group Ltd has announced progress in its exploration activities at the Mulga Tank Ni-Cu-Co-PGE Project. The company is currently drilling a deep diamond hole, EIS9, which has reached approximately 900 meters, as part of its efforts to explore the mineral-rich basal zone of the Mulga Tank Complex. Additionally, a high-powered Moving Loop ElectroMagnetic (MLEM) survey has been initiated to extend coverage over the Panhandle area, aiming to identify further drilling targets. These activities are supported by Exploration Incentive Scheme grants, which will aid in the continued exploration and potential discovery of high-grade deposits, thereby enhancing the company’s position in the mining sector.
More about Western Mines Group Ltd
Western Mines Group Ltd is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company’s primary focus is on nickel, copper, cobalt, and platinum group elements (PGE) within the Mulga Tank project located in the Minigwal Greenstone Belt in Western Australia’s Eastern Goldfields.
Average Trading Volume: 99,462
Technical Sentiment Signal: Buy
Current Market Cap: A$26.16M
Learn more about WMG stock on TipRanks’ Stock Analysis page.