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An update from Western Mines Group Ltd ( (AU:WMG) ) is now available.
Western Mines Group has reported encouraging results from diamond drill hole MTRC009 (EIS9) at its Mulga Tank Ni-Co-Cu-PGE Project, where drilling from 522 metres to 1,437.5 metres intersected about 900 metres of high-MgO adcumulate dunite containing disseminated nickel sulphide mineralisation and numerous high-grade remobilised massive sulphide veinlets and segregations, with portable XRF readings of up to 55% nickel. The company believes these broad zones of mineralisation and frequent massive sulphide occurrences in a new area of the complex reinforce the scale of the Mulga Tank nickel sulphide system and support its thesis of a Perseverance-style hybrid system with a likely basal massive sulphide component; drilling, which is being co-funded up to $220,000 under a WA EIS grant, paused for the year-end break with the apparent footwall hit at 1,436 metres and is scheduled to resume in mid-January 2026 to extend MTRC009 and complete further planned reverse-circulation holes.
More about Western Mines Group Ltd
Western Mines Group Ltd is an Australian mineral exploration company focused on nickel, cobalt, copper and PGE discoveries, with its flagship Mulga Tank Project located on the Minigwal Greenstone Belt in Western Australia’s Eastern Goldfields. The company targets large-scale magmatic nickel sulphide systems and is supported in part by Western Australia’s Exploration Incentive Scheme for key drilling programs.
Average Trading Volume: 78,936
Technical Sentiment Signal: Sell
Current Market Cap: A$25.59M
See more data about WMG stock on TipRanks’ Stock Analysis page.