Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Widgie Nickel Limited ( (AU:WIN) ) has shared an update.
WIN Metals has moved to expand its Radio Gold Project in Western Australia by acquiring the fully permitted Princess Royal gold mine and securing an exclusive option over the nearby Stumpy Doodle gold mine. Both operations sit on granted mining leases and are viewed as value-accretive additions to the existing Radio resource base, offering high-grade exploration potential close to established processing infrastructure.
Princess Royal comes with an exploration target of 26,000 to 40,000 tonnes at 8.0 to 12.0 grams per tonne gold, alongside impressive historical intercepts, while Stumpy Doodle provides a prospective satellite position 10 kilometres north of Radio. Management says the transactions materially increase project scale and development flexibility by introducing multiple potential high-margin ore sources, underpinned by a streamlined permitting pathway and a modest cash and royalty-based consideration structure.
The company plans immediate drill planning at Princess Royal and to commence exploration at Stumpy Doodle during the option period, aiming to convert conceptual targets into defined resources. These steps are intended to enhance the strategic and economic appeal of WIN’s gold portfolio and improve its ability to advance various development scenarios at Radio as market and operational conditions evolve.
The most recent analyst rating on (AU:WIN) stock is a Sell with a A$0.02 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 an Australian resources company focused on gold exploration and development in Western Australia. Its flagship asset is the 100%-owned Radio Gold Project, which currently hosts a defined gold resource and is being expanded through regional acquisitions of nearby high-grade, granted mining leases.
Average Trading Volume: 1,787,383
Technical Sentiment Signal: Sell
Current Market Cap: A$18.86M
Find detailed analytics on WIN stock on TipRanks’ Stock Analysis page.