WMG - Western Mines Group

[System]

Western Mines Group Limited was formed in 2020 to carry out the acquisition, exploration and development of mining assets in Western Australia; predominantly focused on gold and base metals. To date, the Company has acquired or otherwise applied for a suite of tenements, comprising eight exploration projects, which provide the Company a strong foothold in many of the major mineral belts in Western Australia.

Western Mines Group's flagship project and current primary focus is the Mulga Tank Ni-Cu-PGE Project, a major dunite intrusive found on the under-explored Minigwal Greenstone Belt. Previous work shows significant evidence for a working sulphide mineral system and is considered highly prospective for Ni-Cu-PGE mineralisation.

WMG holds numerous other projects across major WA mineral belts including Melita (Au), midway between Kookynie and Leonora in the heart of the WA Goldfields and Jasper Hill (Au), with numerous prospective gold trends extending from the adjacent Lord Byron and Fish historic gold mines. The Company is also actively exploring Youanmi (Au), Pavarotti (Ni-Cu-PGE), Rock of Ages (Au), Broken Hill Bore (Au) and Pinyalling (Au).

It is anticipated that WMG will list on the ASX during June 2021.

Home Page - Western Mines Group

www.westernmines.com.au

 

[Dona Ferentes]

Listing date	28 June 2021 12:00PM AEST ##
Company contact details	https://www.westernmines.com.au/ Ph: +61 475 116 798
Principal Activities	Mining exploration for gold and base metals
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	WMG
Capital to be Raised	$5,500,000
Expected offer close date	14 June 2021
Underwriter	Not underwritten. Harbury Advisors Pty Ltd (Lead Manager)

not to be called Western Mining, even for those looking for a bit of brevity... Please

 

[Dona Ferentes]

a month late ()

Western Mines Group Ltd - 20 July 2021

Listing date

20 July 2021 1:30PM AEST ##

 

[Dona Ferentes]

a month late

Listing date

20 July 2021 1:30PM AEST ##

up and dawdling... 18c to 19c seems to be the entry point on Day One

 

[Dona Ferentes]

Doubled to 23.5c, now 21c

WMG has logged a cumulative 693.5m at 0.28% Ni, 128ppm Co, 61ppm Cu, 27ppb Pt+Pd in one drill hole at its Mulga Tank project in WA.

This is an “extensive nickel sulphide system” with similarities to the large Mt Keith orebody, the company says (hopes). Drilling continues.

 

[Dona Ferentes]

A modest gain today. 173%

 

[barney]

I see you've been watching this one for a while @Dona Ferentes

I hope you have a little slice of the pie. The pie appears to be baking very nicely (I don't hold)

It showed up in last weeks Probables weekly wrap and again in Top Stocks this morning. Looks fair dinkum.

 

[Dona Ferentes]

from Stockhead;
"Another strong morning from this uber popular explorer, which is edging back towards Monday’s all time high of 82c.

With only 65m shares on issue this tightly held, $32m capped stock has gained 570% since hitting nickel paydirt at its Mulga tank project early April.

It is still early days, but subsequent news flow has been very promising. Further drill assays are pending, and the rig continues to spin as WMG attempts to dial in on the motherlode.

WMG says drill hole MTD026 is currently at ~400m depth “with significant examples of disseminated and remobilised nickel sulphides observed in top 250m”.

The top 250m on this hole appears to contain some of the richest shallow sulphide mineralisation seen so far, WMG managing director Dr Caedmon Marriott says.

The shallow mineralised footprint at Mulga Tank is now ~3.2km long, and “multiple deposits may well be expected given the scale of this clearly well mineralised system”, Marriott says.

Following the company’s recent cap raise a further eight holes have been planned to expand the original Phase 2 drilling program.

Additional drill holes will continue to be added to the program with ongoing targeting work and as results are received, WMG says.

 

[Dona Ferentes]

From the Quarterly ... had $1.66m at end Q
• Capital raise of $2,726,630 after period end to expanding and accelerate drilling at Mulga Tank