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Western Mines Group Ltd (ASX:WMG)

ALERT: Price-sensitive ASX Announcement for WMG
Current share price for WMG : $0.170 -0.08 (-32%)+
Announcement
Release
30 Jan 2026 8:22AM
Price at Release
$0.250
Full Release
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Summary
Western Mines Group Ltd (WMG) has reported significant progress in their December 2025 Quarterly Activities & Cash Flow Reports. The company's main focus remains the Mulga Tank Ni-Co-Cu-PGE Project, where they are advancing exploration with both reverse circulation (RC) and diamond drilling. Notable achievements include completing a diamond tail to MTRC011 that intersected high-grade semi-massive sulphide segregations and drilling a deep diamond tail to MTRC009 with the aid of an EIS grant. WMG also secured an additional EIS grant of $180,000 for further drilling, contributing to their total EIS grants of $620,000. The company raised $3,720,200 to support ongoing exploration. Exploration expenses were driven by RC and diamond drilling, geochemical assays, and DHEM geophysics, reflecting a continued commitment to uncovering significant nickel sulphide mineralization within the Mulga Tank Complex.
Key Points
  • Continued progress in Phase 4 RC and diamond drilling at Mulga Tank.
  • Completion of a diamond tail to MTRC011 intersecting high-grade sulphide segregations.
  • Deep diamond tail drilled to MTRC009 with EIS grant support.
  • Awarded an additional $180,000 EIS grant for further drilling at Panhandle area.
  • Significant capital raise of $3,720,200 to advance Mulga Tank Project.
  • Exploration expenses focused on drilling, assays, and geophysics.
  • Mulga Tank Project demonstrates extensive nickel sulphide mineral system.
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.