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Widgie Nickel Limited ( (AU:WIN) ) just unveiled an update.
WIN Metals Ltd has announced its acquisition of the Radio Gold Mine, a high-grade gold mining asset located in the Yilgarn region of Western Australia. The acquisition includes a comprehensive package of mining and processing assets, with the potential for rapid recommencement of operations due to existing infrastructure. The mine, which has a history of high-grade gold production, offers WIN Metals a strategic opportunity to generate near-term cash flow and enhance its position in the gold mining sector. The transaction involves an upfront payment and a deferred royalty structure, with the company planning to explore both underground and open pit mining opportunities to maximize profitability for shareholders.
More about Widgie Nickel Limited
Widgie Nickel Limited, trading as WIN Metals Ltd, operates in the mining industry with a focus on acquiring and developing high-grade mineral resources. The company is involved in the exploration and production of gold and other minerals, primarily in Western Australia.
Average Trading Volume: 816,639
Technical Sentiment Signal: Sell
Current Market Cap: A$11M
See more data about WIN stock on TipRanks’ Stock Analysis page.