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Western Mines Group Ltd ( (AU:WMG) ) has provided an update.
Western Mines Group Ltd has announced the recommencement of exploration activities at its Mulga Tank Project, with drilling programs planned for the second half of 2025. The company aims to expand its Mineral Resource Estimate through a combination of reverse circulation and diamond drilling, funded by a recent capital raise and Exploration Incentive Scheme grants. This initiative is expected to enhance the company’s resource base and potentially improve its market position in the nickel mining sector.
More about Western Mines Group Ltd
Western Mines Group Ltd (WMG) operates in the mining industry, focusing on the exploration and development of nickel, copper, cobalt, and platinum group elements (PGE) projects. The company’s primary project is the Mulga Tank Ni-Cu-Co-PGE Project located in the Minigwal Greenstone Belt in Western Australia’s Eastern Goldfields.
Average Trading Volume: 178,142
Technical Sentiment Signal: Sell
For a thorough assessment of WMG stock, go to TipRanks’ Stock Analysis page.