WMC - Wiluna Mining Corporation
- Thread starter pussycat2005
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WMC crossed above 20 & 50dma along with macd crossing
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WMC Share Technical Analysis | Wiluna Mining Corporation Ltd
Current Technical Analysis and interactive chart for $WMC stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
WMC starting to wake up now @ $1.08 +2.86%
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Cheers tela
WMC Share Technical Analysis | Wiluna Mining Corporation Ltd
Current Technical Analysis and interactive chart for $WMC stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
Cheers tela
Sean K
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WMC starting to wake up now @ $1.08 +2.86%
WMC Share Technical Analysis | Wiluna Mining Corporation Ltd
Current Technical Analysis and interactive chart for $WMC stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
Cheers tela
Chart looks interesting. What do they do?
WA Gold producer.. about to announce a resource update/upgrade very soon (I believe) and ramp up significant Gold output during 2022/23
WMC new 52 week closing high today @ $1.09 +3.81%
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WMC Share Technical Analysis | Wiluna Mining Corporation Ltd
Current Technical Analysis and interactive chart for $WMC stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
WMC *Mineral Resource Update
• Mineral Resource 4.51 Million ounces at 3.90 g/t at the Wiluna Mining Centre.
• Measured and Indicated (M&I) Resource increase of +28% to 2.73 Million ounces at 4.46 g/t at the Wiluna Mining Centre.
• High-grade 3.11 Million ounces at 5.81 g/t using 3.5 g/t cut off at the Wiluna Mining Centre.
• New Ore Reserve statement expected March 2022 ahead of commercial production from new sulphide underground mine with initial production December 2021.
• Wiluna Mining Centre gold endowment now 15,000 ounces per vertical metre in upper 600m.
• Mineral Resource 4.51 Million ounces at 3.90 g/t at the Wiluna Mining Centre.
• Measured and Indicated (M&I) Resource increase of +28% to 2.73 Million ounces at 4.46 g/t at the Wiluna Mining Centre.
• High-grade 3.11 Million ounces at 5.81 g/t using 3.5 g/t cut off at the Wiluna Mining Centre.
• New Ore Reserve statement expected March 2022 ahead of commercial production from new sulphide underground mine with initial production December 2021.
• Wiluna Mining Centre gold endowment now 15,000 ounces per vertical metre in upper 600m.
Sean K
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WMC doing nicely @ $1.16 +6.42%
That's a very nice MRE. Great grades. Longish life. Nice breakout.
Targeting 250kozpa production down the track. Significant.
MC only $180m, what's wrong with it?
Thanks for posting WMC chart as looks great/bullish.
Nothing wrong per say as still dirt cheap given their lowish market cap.
Just been market sentiment about past management etc. along with subdued Gold price that's held this down as feel that thing's are certainly shaping up nicely from here going forward (are recently ticking off all the right boxes).
Feel that a big re-rate about to happen in 2021/22 leading into 2022/23 on ramping up of Gold production output as you outlined above.
This time next year we could easily be back up at $3-4 levels imo especially if Gold surpasses US$2,000+.
Sean K
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On the surface of it, a tripling of MC is not out of the question with that resource and future output profile, pending AISC and POG continuing up.
The Wiluna Mining Centre is located in the Goldfields region WA & consists of a large, long-life open pit & underground mining operation.
Ahead of production beginning in December '21, Wiluna has updated the Mineral Resource for the project via roughly 175,000 metres of drilling.
Wiluna’s Mineral Resource now sits at 4.51 million ounces at 3.9 grams per tonne (g/t) gold, including a High-Grade Resource of 3.11 million ounces at 5.81 g/t gold.
The company explained the Mineral Resource for Wiluna now includes the Wiluna deposits, the Matilda, Lake Way and Galaxy deposits, stockpiles, and tailings.
Additionally, the mine’s Measured and Indicated Resources increased by 28% to 2.73 million ounces at 4.46 g/t gold.
Wiluna added the project has a growing high-grade gold endowment of 15,000 ounces per vertical metre over three main gold structures with a combined strike length of over 10 kilometres.
Wiluna is targeting production of 52,000 ounces in FY21, before expanding to roughly 120,000 ounces per year by June 2022 and then 250,000 ounces by FY24.
Stockpiles of 100,000 tonnes of development ore are already ready for processing
through the concentrator, with first gold concentrate expected from January '22.
https://themarketherald.com.au/wiluna-mining-asxwmc-releases-mineral-resource-update-2021-11-17/
Ahead of production beginning in December '21, Wiluna has updated the Mineral Resource for the project via roughly 175,000 metres of drilling.
Wiluna’s Mineral Resource now sits at 4.51 million ounces at 3.9 grams per tonne (g/t) gold, including a High-Grade Resource of 3.11 million ounces at 5.81 g/t gold.
The company explained the Mineral Resource for Wiluna now includes the Wiluna deposits, the Matilda, Lake Way and Galaxy deposits, stockpiles, and tailings.
Additionally, the mine’s Measured and Indicated Resources increased by 28% to 2.73 million ounces at 4.46 g/t gold.
Wiluna added the project has a growing high-grade gold endowment of 15,000 ounces per vertical metre over three main gold structures with a combined strike length of over 10 kilometres.
Wiluna is targeting production of 52,000 ounces in FY21, before expanding to roughly 120,000 ounces per year by June 2022 and then 250,000 ounces by FY24.
Stockpiles of 100,000 tonnes of development ore are already ready for processing
through the concentrator, with first gold concentrate expected from January '22.
https://themarketherald.com.au/wiluna-mining-asxwmc-releases-mineral-resource-update-2021-11-17/
Can you believe it !? WMC announced a trading halt last night for a capital raise
Remains to be seen how much $$ and who is eligible to participate in cap raising !?
P.S. Unfortunate timing given spike in our share price these last couple of day's and AUD Gold shot up overnight +1.21%
P.P.S. Supposedly told they were fully funded till stage 2 by mid next year sometime so this is a bummer
Remains to be seen how much $$ and who is eligible to participate in cap raising !?
P.S. Unfortunate timing given spike in our share price these last couple of day's and AUD Gold shot up overnight +1.21%
P.P.S. Supposedly told they were fully funded till stage 2 by mid next year sometime so this is a bummer
WMC private placement:
• Placement of A$53 million at A$1 per share
• Delphi Group maintains support with $17.85 million investment
• Mr Vladislav Sviblov joins the register as second largest shareholder with $15 million investment
• Polymetal International Plc, our alliance partner and a top-10 gold miner globally, becomes shareholder with A$7 million initial investment
• Five major shareholders maintain support, including our lead broker Arlington Group Asset Management Limited and their principal, Simon Catt
• Participation of Executive Chair Milan Jerkovic and Delphi Group subject to Shareholder Approval
• Capital raising will allow WMC to maintain momentum for its aggressive Ore Reserve development and exploration drilling.
P.S. Unfortunately it seems us retail holder's miss out altogether.. bummer
• Placement of A$53 million at A$1 per share
• Delphi Group maintains support with $17.85 million investment
• Mr Vladislav Sviblov joins the register as second largest shareholder with $15 million investment
• Polymetal International Plc, our alliance partner and a top-10 gold miner globally, becomes shareholder with A$7 million initial investment
• Five major shareholders maintain support, including our lead broker Arlington Group Asset Management Limited and their principal, Simon Catt
• Participation of Executive Chair Milan Jerkovic and Delphi Group subject to Shareholder Approval
• Capital raising will allow WMC to maintain momentum for its aggressive Ore Reserve development and exploration drilling.
P.S. Unfortunately it seems us retail holder's miss out altogether.. bummer
