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Western Mines Group Ltd ( (AU:WMG) ) has shared an announcement.
Western Mines Group Ltd has announced the completion of its first Mineral Resource Estimate for the Mulga Tank Project, identifying it as the largest nickel sulphide deposit in Australia. This milestone, reviewed by independent consultants, positions the company as a significant player in the global nickel market. The company plans to continue exploration drilling, supported by a recent capital raise and government grants, to further develop this resource. The implications for stakeholders include potential growth in market value and increased interest from investors due to the project’s scale and significance.
More about Western Mines Group Ltd
Western Mines Group Ltd is a company in the mining industry, primarily focused on the exploration and development of nickel, cobalt, copper, and platinum group elements (PGE) projects. Their flagship project is the Mulga Tank Ni-Co-Cu-PGE Project, which is positioned as a significant player in the nickel sulphide market.
Average Trading Volume: 147,082
Technical Sentiment Signal: Buy
For detailed information about WMG stock, go to TipRanks’ Stock Analysis page.
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