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An update from Widgie Nickel Limited ( (AU:WIN) ) is now available.
WIN Metals reported a pivotal December quarter marked by the completion of a transformational Scoping Study for its 100%-owned Butchers Creek Gold Project, outlining a technically and financially viable standalone open pit and underground operation with a nine-year mine life, forecast recovered production of about 200,000 ounces of gold and strong project economics underpinned by high-grade feed and a conventional 600ktpa CIL processing plant. In parallel, the company delivered strong drilling results at the Radio Gold Project, extending high-grade mineralisation at the Repeater prospect and along strike at Radio Main and paving the way for a maiden Mineral Resource and potential near-term development options, while a A$5.5 million capital raising has strengthened the balance sheet to fund ongoing drilling, the advancement of Butchers Creek and general working capital, positioning WIN to progress its growth strategy and enhance shareholder value.
The most recent analyst rating on (AU:WIN) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Widgie Nickel Limited stock, see the AU:WIN Stock Forecast page.
More about Widgie Nickel Limited
WIN Metals Ltd, trading on the ASX as WIN, is a Western Australian gold-focused resources company advancing a portfolio of projects including the Butchers Creek Gold Project in the Kimberley region and the Radio Gold Project. The company is targeting high-grade, conventional gold operations supported by on-site processing facilities, with a strategy aimed at building a sustainable production profile and expanding its gold inventory through exploration and development across its key assets.
Average Trading Volume: 2,419,144
Technical Sentiment Signal: Hold
Current Market Cap: A$29.14M
See more data about WIN stock on TipRanks’ Stock Analysis page.