Australia's Western Mines hits 2-week high on identifying conductors at WA project

Western Mines

07/03/2022 02:01

** Shares of Western Mines Group  WMG.AX  rise as much as
4.4% to A$0.178, their highest since Feb 21
    ** The nickel-copper miner says https://www.asx.com.au/asxpdf/20220307/pdf/456rnw3y8g0mc9.pdf
 five major bedrock conductors have been identified in the
central and southern sectors of co's Mulga Tank project in
Western Australia
    ** Says EM targets potentially represent nickel sulphide
mineralisation and are largely untested by historical drilling
    ** Adds geological and geochemical targeting work supports
the EM results; confirming them as priority drill targets
    ** Stock down ~8.1% YTD, as of last close 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))