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Western Mines Group Ltd ( (AU:WMG) ) has shared an announcement.
Western Mines Group Ltd has updated shareholders on its exploration activities at the Mulga Tank Project, following a significant capital raise. The company is progressing with its Phase 4 drilling program, which includes deep diamond and reverse circulation (RC) drilling to expand the current Mineral Resource Estimate. A Moving Loop ElectroMagnetic (MLEM) survey is also planned to extend coverage over the Panhandle area, aiding in targeting future drill holes. These efforts are supported by Exploration Incentive Scheme grants, positioning WMG to enhance its resource base and potentially increase its market value.
More about Western Mines Group Ltd
Western Mines Group Ltd (WMG) operates in the mining industry, focusing on the exploration and development of nickel, copper, cobalt, and platinum group elements (PGE) projects. The company is primarily engaged in advancing its Mulga Tank Ni-Cu-Co-PGE Project located in the Minigwal Greenstone Belt in Western Australia’s Eastern Goldfields.
Average Trading Volume: 91,646
Technical Sentiment Signal: Sell
Current Market Cap: A$24.46M
Find detailed analytics on WMG stock on TipRanks’ Stock Analysis page.