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Western Mines Group Ltd ( (AU:WMG) ) has provided an update.
Western Mines Group Ltd has been awarded a $180,000 grant from the Western Australian Government’s Co-funded Exploration Drilling Program to further its drilling efforts at the Mulga Tank Ni-Co-Cu-PGE Project. This funding will support the drilling of six additional exploration holes targeting a 1.3km long komatiite body, enhancing the company’s ability to explore this promising mineralized system. The grant, which covers 50% of the direct drilling costs, is part of the Exploration Incentive Scheme and will allow WMG to build on previous successful exploration efforts, potentially strengthening its position in the mining sector and offering promising prospects for stakeholders.
More about Western Mines Group Ltd
Western Mines Group Ltd (WMG) operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the exploration of nickel, cobalt, copper, and platinum group elements (PGE) within its Mulga Tank Project in Western Australia.
Average Trading Volume: 79,489
Technical Sentiment Signal: Buy
For detailed information about WMG stock, go to TipRanks’ Stock Analysis page.