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The latest update is out from Western Mines Group Ltd ( (AU:WMG) ).
Western Mines Group has restarted exploration drilling for 2026 at its Mulga Tank Ni-Cu-Co-PGE Project in Western Australia, with the exploration team back on site and well funded following an October capital raise and multiple government Exploration Incentive Scheme grants. The program will complete outstanding Phase 4 holes, including extending deep diamond hole MTRC009 to confirm the footwall and test for remobilised massive sulphide, while a series of RC and diamond holes will infill and expand the existing mineral resource, follow up on high-grade shallow results such as MTRC066, and test the mineralised komatiite sequence in the Panhandle area, positioning the company to potentially grow its more than 5Mt contained nickel resource and improve resource confidence through 2026.
The most recent analyst rating on (AU:WMG) stock is a Hold with a A$0.29 price target. To see the full list of analyst forecasts on Western Mines Group Ltd stock, see the AU:WMG Stock Forecast page.
More about Western Mines Group Ltd
Western Mines Group Ltd is an Australian mineral exploration company focused on nickel, copper, cobalt and platinum group element (PGE) discoveries, with its flagship Mulga Tank Ni-Cu-Co-PGE Project located on the Minigwal Greenstone Belt in Western Australia’s Eastern Goldfields. The company is advancing a large ultramafic complex using a mix of reverse circulation and diamond drilling to grow and upgrade its nickel sulphide mineral resource base.
Average Trading Volume: 110,854
Technical Sentiment Signal: Buy
Current Market Cap: A$31.85M
For an in-depth examination of WMG stock, go to TipRanks’ Overview page.