Western Mines launches Phase 5 drilling push at Mulga Tank nickel project

Western Mines Group Ltd ( (AU:WMG) ) has shared an update.

Western Mines Group has outlined plans for its Phase 5 drilling campaign at the Mulga Tank Ni-Cu-Co-PGE Project, committing to a 32-hole, ~10,000-metre program funded by a recent capital raising and government-backed Exploration Incentive Scheme grants. The work will combine reverse circulation and diamond drilling to target both new exploration areas and resource infill across key tenements.

The campaign will focus on higher-grade nickel zones, including follow-up drilling around previously reported +1–2% nickel intersections and shallow +0.40% nickel mineralisation that could support an optimised open-pit mine plan. Additional EIS-backed holes will test a 1.5-kilometre mineralised komatiite body on a neighbouring tenement, positioning the company to grow its resource and improve project economics amid a stronger nickel price and solid funding position.

The most recent analyst rating on (AU:WMG) stock is a Sell with a A$0.20 price target. To see the full list of analyst forecasts on Western Mines Group Ltd stock, see the AU:WMG Stock Forecast page.

More about Western Mines Group Ltd

Western Mines Group Ltd is an Australian mineral exploration company focused on nickel, copper, cobalt and platinum group elements, primarily through its Mulga Tank project on the Minigwal Greenstone Belt in Western Australia’s Eastern Goldfields. The company is advancing this large-scale komatiite-hosted nickel system with systematic reverse circulation and diamond drilling aimed at defining and upgrading its mineral resource base.

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Technical Sentiment Signal: Buy

Current Market Cap: A$26.73M

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