WIN - WIN Metals

[System]

Widgie Nickel Limited is a mineral exploration company, established to implement the demerger currently being undertaken by Neometals, with the purpose of maximising value for the Mt Edwards Nickel Project.

Since its acquisition in 2018, Neometals has reviewed and advanced the Mineral Resources at the Mt Edwards Project to provide a sound basis for mining studies to evaluate the development of a number of short lead-time nickel sulphide deposits. These have now progressed to the point where it has determined that the best outcome for shareholders is that a new, independent entity be established to devote the technical, human and financial resources that the Mt Edwards Project deserves.

As an independent entity with dedicated technical, human and financial resources Widgie Nickel intends to build on the work completed to the Mt Edwards Project which provide a sound basis for mining studies to evaluate the development of a number of short lead-time nickel sulphide deposits.

It is anticipated that WIN will list on the ASX during September 2021.

WIN Metals

WIN Metals

www.widgienickel.com.au

 

[Dona Ferentes]

Listing date	22 September 2021 11:30AM AEST ##
Company contact details	https://www.widgienickel.com.au/site/content/ Ph: +61 8 9322 1182
Principal Activities	Nickel exploration and development
GICS industry group	TBA
Issue Price	N/A
Issue Type	Ordinary Fully Paid Shares
Security code	WIN
Capital to be Raised	N/A
Expected offer close date	N/A
Underwriter	Fully underwritten. Euroz Hartleys Limited (Underwriter and Lead Manager)

Neometals confirms that it has distributed the Widgie Nickel shares to eligible Neometals shareholders, pro rata to their shareholding in Neometals on the record date of 24 August 2021 and Widgie Nickel has advised Neometals of the Widgie Nickel fully underwritten entitlement offer to raise $24 million.

 

[Dona Ferentes]

Widgee Nickel has listed on the ASX .... opened at 29c and now around 26c

 

[basilio]

They didn't waste any time with Drill announcements. First one with the stand alone company looks very promising.


Thick massive nickel sulphide drilling intersections confirm high grade nature of mineralisation at Munda Highlights

• Drilling targeting gold mineralisation intersects thick massive nickel sulphides o 24m @ 3.22% Nickel, 0.20% Copper, 0.53 g/t Palladium and 0.26 g/t Platinum from 52m;

including o 16m @ 4.58% Nickel, 0.29% Copper, 0.76 g/t Palladium and 0.38 g/t Platinum from 59m

• Result illustrates the potential to identify additional high-grade pods within the existing Munda Mineral Resource • Widgie to commence nickel focussed drilling campaign, including drilling at Munda, in the coming month Widgie Nickel Limited (ASX:WIN) (“Widgie” or “the Company”) is pleased to report the assay results from drilling carried out at Widgie’s Munda deposit by Auric Mining Ltd (ASX:AWJ) (“Auric”), which has returned thick massive nickel sulphide intersections at Munda.

Widgie Managing Director Steve Norregaard said that the drilling intersections were a significant first result for Widgie, particularly considering the purpose of the drilling was primarily targeting gold and undertaken by Auric. “We are very happy with this great result, as it further reinforces the high-grade nature of Munda, the presence of potentially important by-product credits such as copper and platinum group elements, and clearly illustrates that the process of infill drilling at the Munda deposit has the potential to identify additional localised high grade pods.” “Now that Widgie has been established as a standalone nickel focussed company in a great location, and with substantial cash in the bank, we are all very much looking forward to new exploration results from our planned drill programs. We kick off our maiden drilling program in the next month, which will be very much targeted towards nickel and associated by-products.” Munda Geology and Geological Interpretation

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02424569-6A1051431?access_token=83ff96335c2d45a094df02a206a39ff4

 

[Knobby22]

Widgee Nickel has listed on the ASX .... opened at 29c and now around 26c

Very nice.

 

[basilio]

Widgie maiden drilling program set to commence

Highlights •

. Widgie Nickel Ltd maiden drilling program scheduled to commence in early November 2021

• Program primarily focused on the extension of mineralisation at the Gillett Resource

• New Gillett West basal contact identified as additional high-priority target for new nickel mineralisation in addition to existing resources

Widgie Nickel Limited (ASX:WIN, “Widgie” or “the Company”) is pleased to provide an update on the upcoming maiden drilling program at the Mt Edwards Nickel Project in Western Australia. Widgie has appointed Kalgoorlie-based Challenge Drilling Limited for its Reverse Circulation (RC) drilling program. The Company’s initial focus will be in the Widgie South area, located on the northeast margin of the Widgiemooltha Dome (Figure 1), host to the Widgie Townsite, Widgie 3 and Gillett Mineral Resources. The initial program targets extensional opportunities at Gillett, to both the Mineral Resource and to recently identified new basal contact targets.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02445415-6A1060227?access_token=83ff96335c2d45a094df02a206a39ff4

 

[basilio]

Backing WIN for the CY 22 comp.

I think it's drilling program will drive the SP up and they are also looking at real nickel production within 2 years. Hopefully 22 sees advancement of both these fronts.

 

[basilio]

Some significant SP movements today and in the past week. So far jumped 30% this week.
I think there will be some drilling results in the near future .

 

[basilio]

WIN had made a formal announcement of the start of it's diamond drilling program. They anticipate results in the March quarter which can mean anytime in the next 8 weeks.

Diamond Drilling Commences Highlights • Diamond drilling commenced on 19 January 2022

• Excellent progress to date with Widgie’s maiden Reverse Circulation drilling campaign surpassing expectations in terms of quality, output and cost efficiency
• A total of 10,437m RC drilling in 69 holes have been completed so far
• First results from RC drilling completed are expected during the March quarter

Widgie Nickel Limited (ASX: WIN, “Widgie” or “the Company”) is pleased to provide the following update with respect to drilling activities at its Mt Edwards Project. Following mobilisation of contractor, Westralian Diamond Drillers, to site on 17 January 2022 diamond drilling commenced this week. This follows the completion of 10,437m of Reverse Circulation (RC) drilling over 69 holes, which Widgie is pleased to report has exceeded budget expectations in terms of productivity and is in line with budgeted costs.

An inventory of 34 pre-collared holes established through the initial RC drilling program are now set to be lengthened by diamond drilling designed to intersect nickel mineralisation. With the diamond drilling tails planned averaging between 85-320m in length, rapid progress is anticipated with multiple intercepts expected per week. Diamond drilling will be progressively ramped up to operate on a continuous 24-hour basis.

Managing Director Steve Norregaard said: “This is where the excitement begins, we’ve been eagerly anticipating the commencement of the diamond drilling, which marks a major step in enabling us to expand our mineral nickel resource at Mt Edwards and add significant value upside potential for our shareholders. We are looking forward to continuing the strong momentum we’ve generated at the early stages of our maiden drilling campaign”.

Diamond Drilling Commences

 

[basilio]

WOW ! Todays 19% jump just on the announcement of the Diamond Drilling program suggests "Why bother with the results ?" Just make the announcements you are going to drill.

It will be interesting to see market response to drill outcomes. How good do they have to justify the 50% increase since the start of the year ?

 

[Dona Ferentes]

forward looking minerals => forward looking markets ?

 

[basilio]

The punters have pinned back their ears and are flying with Widgie.

Does make one wonder if there is already quite outstanding results in the drills to date and some insiders are getting in quick.
Alternatively investors just believe the drills will deliver results that justify the current SP increases.
Currently another 13% up.

 

[basilio]

Off into the stratosphere again. Up another 25% today. Clearly the upcoming drilling results with show 100 metres of 12 % nickel across 20 drills. Or something equally ridiculous.

It's been a decent run on pure spec. Will be interesting to see if there are some real legs in the final results.

 

[Knobby22]

Off into the stratosphere again. Up another 25% today. Clearly the upcoming drilling results with show 100 metres of 12 % nickel across 20 drills. Or something equally ridiculous.

It's been a decent run on pure spec. Will be interesting to see if there are some real legs in the final results.

Wish I had more. I added to the original free shares with the offer but still don't own that many. It has really moved.
Probably would have it it as my monthly pick but I missed the cut off.

 

[basilio]

Wish I had more. I added to the original free shares with the offer but still don't own that many. It has really moved.
Probably would have it it as my monthly pick but I missed the cut off.

Ha Ha!! Exactly my position. I dilly dallyed around in November/December thinking I should extend my holding - and didn't do it.

I did chose WIN for January and Feb competition pick and as I have noted it seems to taken off way before the drill results have come in.
Is my wild prediction close to the truth ? Almost certainly not. But Nickel prices are still rising and anything above 3% grades are profitable.

And the mining capacity already exists.

 

[sptrawler]

3% at 1,000ft, is probably less profitable, than 1% at 30ft.
My guess is, if widgie has good grades at reasonable depth, they will be taken over when reserves are proven.
My 2 cents worth.

 

[basilio]

More movement in WIN yesterday and this morning. Up around 25% since yesterday. Again perhaps anticipation of imminent diamond drilling results (maybe..) and of course the steep increase in nickel prices which will make any production from the existing mines more profitable.

 

[basilio]

There have been a couple of announcements from WIN since Wednesday.
There was an update of the Mt Edwards deposits which was the original tenements. Some interesting titbits but nothing to really scream about. Just a bit more of roughly the same. Clearly represents better value with the higher nickel price

This was not the anticipated diamond drill results of the new explorations. They are still to come.

On Friday WIN released their updated nickel presentation to the Euroz conferance. In truth there is little more than was hghlighted in the original Sept prospectus. I think however it has reminded investors of the potential upside of the company and particularly now with rising nickel prices and international sensitivity to Russian mineral exports. The Russians have extensive nickel deposits.


Widgie grows Mt Edwards Nickel Resource
Euroz Conference Presentation

 

[basilio]

AGM announcment and Chairmans address

The long awaited drill results will start to come out shortly and then continue as work continues. (Naturally) all positive stuff.

AGM Presentation - 31 March 2022

Chairman's Address - AGM 31 March 2022

 

[basilio]

Ever since January WIN's share price has been boosted by speculation on the quality of diamond drill results in their new tenements.
Yesterdays AGM presentation with the promise of results in a few days has set the hares off again.

Up 13% today. Already risen over 110% since the original announcement. These results had better be good!!