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Western Mines Group Ltd ( (AU:WMG) ) has issued an update.
Western Mines Group Ltd has announced promising geochemical assay results from the first four Phase 4 reverse circulation drill holes at its Mulga Tank Project. These results, particularly from hole MTRC066, reveal extensive nickel sulphide mineralisation, extending beyond previously tested zones and the current Mineral Resource shell. This development enhances the company’s exploration potential and positions it to expand and de-risk its large-scale, open-pitable nickel sulphide deposit, which could significantly impact future mining plans and stakeholder interests.
More about Western Mines Group Ltd
Western Mines Group Ltd operates in the mining industry, focusing on the exploration and development of mineral resources. The company primarily targets nickel sulphide deposits, with a significant project located at the Mulga Tank Complex in Western Australia’s Eastern Goldfields.
Average Trading Volume: 93,444
Technical Sentiment Signal: Sell
Learn more about WMG stock on TipRanks’ Stock Analysis page.