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The latest announcement is out from Western Mines Group Ltd ( (AU:WMG) ).
Western Mines Group Ltd has successfully completed a capital raising through the placement of 16,910,000 ordinary shares, generating A$3.720 million to fund further exploration at its Mulga Tank project. The funds will support drilling programs, geochemical assays, geophysical surveys, metallurgical test work, and a scoping study, enhancing the company’s exploration capabilities and potentially impacting its market positioning.
More about Western Mines Group Ltd
Western Mines Group Ltd is a company operating in the mining industry, focusing on exploration and development of mineral resources. Its primary projects include the Mulga Tank Ni-Co-Cu-PGE Project, which involves exploration for nickel, cobalt, copper, and platinum group elements.
Average Trading Volume: 77,475
Technical Sentiment Signal: Buy
For a thorough assessment of WMG stock, go to TipRanks’ Stock Analysis page.