Wiluna Mining rises on positive drilling results at nickel-cobalt project

Wiluna Mining

01/04/2022 05:25

** Shares of gold miner Wiluna Mining Corp  WMC.AX  rise as
much as 5.1% to A$0.930, set for their best intraday gain since
March 2
    ** Says https://wcsecure.weblink.com.au/pdf/WMC/02505731.pdf
 positive nickel, cobalt results returned in diamond drilling at
the Wilconi Nickel-Cobalt project in Western Australia
    ** Adds that it is planning a new drilling program for
Wilconi "to convert resources to indicated and measured
categories"
    ** Supply chain disruptions arising from Russia-Ukraine
conflict has resulted in a surge in commodity prices; LME nickel
 CMNI3  up around 55% over March qtr  MET/L 
    ** Stock has fallen 16.5% this year, as of last close

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))