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An announcement from Western Mines Group Ltd ( (AU:WMG) ) is now available.
Western Mines Group Ltd has been awarded $440,000 in funding from the WA State Government’s Co-funded Exploration Drilling Program to support further drilling at its Mulga Tank Ni-Cu-PGE Project. This funding will be used to drill three diamond holes, targeting both the main body of the Mulga Tank Complex and a komatiite channel system, building on previous successful exploration efforts. The awards highlight the company’s strategic focus on innovative exploration and its potential to enhance its position in the nickel sulphide 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, and platinum group elements (PGE) projects. The company’s primary project is the Mulga Tank Ni-Cu-PGE Project, located in Western Australia, where it aims to discover and develop significant mineral resources.
YTD Price Performance: -13.33%
Average Trading Volume: 130,664
Technical Sentiment Signal: Buy
Learn more about WMG stock on TipRanks’ Stock Analysis page.