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Widgie Nickel Limited ( (AU:WIN) ) has shared an announcement.
WIN Metals Ltd has completed a Scoping Study for the Butchers Creek Gold Project in Western Australia, confirming the technical and financial viability of establishing a standalone gold operation. The project is expected to have a 9-year mine plan with peak production of 37,000 ounces of gold per year, offering substantial opportunities for resource growth and increased cashflow. This development marks a significant milestone for WIN, potentially delivering lasting value to shareholders and economic benefits to the Kimberley region. However, the project requires further exploration and funding, with uncertainties around the availability of financing and the realization of production targets.
More about Widgie Nickel Limited
Widgie Nickel Limited, trading as WIN Metals Ltd (ASX: WIN), operates in the mining industry with a focus on developing gold operations. The company is engaged in the exploration and potential development of mining projects, specifically targeting gold resources in Western Australia.
Average Trading Volume: 4,993,107
Technical Sentiment Signal: Buy
Current Market Cap: A$28.21M
See more insights into WIN stock on TipRanks’ Stock Analysis page.