Australia's Western Mines doubles on nickel find at WA project

Western Mines

05/04/2023 04:40

** Shares of Western Mines Group Ltd  WMG.AX  surge 148% to
A$0.285, its highest since May 2022, in heavy volume
    ** Stock set to easily top its pvs biggest one-day jump of
33%
    ** Mineral explorer says assay results confirm discovery of
extensive nickel sulphide mineral system at Mulga Tank project
in western Australia
    ** Says elevated nickel sulphide coincident with highly
anomalous copper and PGE (platinum-group elements)
    ** Nearly 4.5 mln shares traded, easily the stock's busiest
day ever
    ** Stock now up ~75% YTD

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))