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Western Mines Group Ltd (ASX:WMG)

ALERT: Price-sensitive ASX Announcement for WMG
Current share price for WMG : $0.180 -0.02 (-10%)+
Announcement
Release
30 Oct 2025 9:47AM
Price at Release
$0.200
Full Release
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Summary
Western Mines Group Ltd has completed a diamond tail to the reverse circulation (RC) hole MTRC011 at the Mulga Tank Project in Western Australia. This effort targeted the basal zone of the Mulga Tank Complex, aiming to extend the high-grade sulphide segregations previously observed. The hole intersected approximately 550 meters of high MgO adcumulate dunite with disseminated nickel sulphide mineralization, revealing numerous high-grade sulphide segregations. The findings support the company's thesis that the Mulga Tank could potentially host Perseverance-style high-grade deposits. Initial observations indicate significant nickel sulphide mineralization, further confirmed by spot pXRF readings, including a significant reading of up to 46.4% Ni. This exploration effort is part of Western Mines Group's broader initiative to delineate areas of nickel sulphide mineralization within the complex, with further assays and geological interpretations ongoing to refine their understanding of high-grade mineral deposits in the area.
Key Points
  • Completion of diamond tail to RC hole MTRC011 at Mulga Tank to 934.1m depth.
  • Targeted basal zone along western margin of the Mulga Tank Complex.
  • 550m of high MgO adcumulate dunite with disseminated nickel sulphide mineralization.
  • Frequent high tenor nickel sulphide globules and semi-massive segregations observed.
  • Spot pXRF readings up to 46.4% Ni confirmed.
  • Geological interpretation will help locate richer basal accumulations.
  • Mulga Tank could host Perseverance-style high-grade deposits.
  • Hole MTRC011 is closest to MTD028, with similar 'active' mineralized zones found.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.