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Western Mines Group Ltd ( (AU:WMG) ) just unveiled an update.
Western Mines Group Ltd has reported a productive quarter with significant advancements at its Mulga Tank Ni-Co-Cu-PGE Project. The company commenced a Phase 4 drilling program, which has already yielded promising results, including visible sulphide mineralization in new areas and standout results from hole MTRC066. The company also completed diamond drilling in the Panhandle area, indicating a highly prospective dynamic komatiite flow system. Additionally, a successful capital raise of $3.72 million will support ongoing exploration efforts, further solidifying the project’s potential and the company’s strategic positioning 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. Its primary project is the Mulga Tank Ni-Co-Cu-PGE Project, which involves the exploration of nickel, cobalt, copper, and platinum group elements.
Average Trading Volume: 81,580
Technical Sentiment Signal: Sell
See more data about WMG stock on TipRanks’ Stock Analysis page.