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Western Mines Group Ltd ( (AU:WMG) ) has issued an update.
Western Mines Group has secured a A$250,000 grant under Western Australia’s Co-funded Geophysics Program to finance an active seismic survey at its Mulga Tank nickel project in the Minigwal Greenstone Belt. The award, representing 50% of survey costs and the maximum available under the scheme, underscores the project’s technical merit in a competitive application process.
The planned ~35km² seismic program will map the 3D architecture of the Mulga Tank Ultramafic Complex, targeting the basal contact and potential feeder vents associated with Perseverance-style massive nickel sulphide deposits. By integrating new seismic data with existing magnetic and gravity datasets, Western Mines aims to sharpen drill targeting, enhance understanding of the broader belt’s magma pathways, and potentially improve the project’s exploration upside for stakeholders.
More about Western Mines Group Ltd
Western Mines Group Ltd is an Australian mineral exploration company focused on nickel sulphide deposits, particularly at its Mulga Tank Ni-Co-Cu-PGE Project in Western Australia. The company employs a mix of diamond and reverse circulation drilling to define shallow disseminated nickel sulphide resources and test deeper targets for basal massive sulphide mineralisation within the Mulga Tank Ultramafic Complex.
Average Trading Volume: 165,178
Technical Sentiment Signal: Sell
Current Market Cap: A$21.61M
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