Australia's Western Mines hits record high on results from WA project

Western Mines

06/04/2023 03:42

** Shares of Western Mines Group Ltd  WMG.AX  soar as much
as 62.5% to a record high of A$0.52
    ** Mineral explorer says assay results from four
intersections at Mulga Tank project in western Australia suggest
high percentage of nickel in sulphide form versus silicate
nickel 
    ** Following these positive results, metallurgical
beneficiation testwork is planned to demonstrate recovery of
nickel sulphide into high-grade concentrate to confirm potential
viability of Mulga Tank Project 
    ** Stock has more than doubled so far this year

 (Reporting by Mehr Bedi in Bengaluru)
 ((Mehr.Bedi@thomsonreuters.com;))