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Western Mines Group Ltd (ASX:WMG)

ALERT: Price-sensitive ASX Announcement for WMG
Current share price for WMG : $0.160 -0.075 (-31.91%)+
Announcement
Release
9 Feb 2026 9:44AM
Price at Release
$0.235
Full Release
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Summary
Western Mines Group Ltd (WMG) announced plans for Phase 5 exploration drilling at their Mulga Tank Ni-Cu-Co-PGE Project in Western Australia's Eastern Goldfields. The drilling program, which follows the completion of Phase 4, aims to further explore high-grade nickel results and includes both reverse circulation (RC) and diamond drilling. The initiative is supported by recent capital raises and Exploration Incentive Scheme (EIS) grants. The Phase 5 plan encompasses 32 holes totaling approximately 10,000 meters, targeting various sections within the Mulga Tank Complex to infill and expand the current Mineral Resource Estimate. The program also seeks to identify new mineralized zones within the complex, particularly focusing on high-grade nickel intersections from previous phases.
Key Points
  • Plans for Phase 5 drilling at the Mulga Tank Ni-Co-Cu-PGE Project.
  • Combination of RC and diamond drilling with 32 holes planned totaling ~10,000m.
  • Targeting high-grade nickel intersections around MTRC046 and MTRC066.
  • Funded by capital raise and EIS grants.
  • Phase 5 to commence following completion of Phase 4.
  • Seven EIS co-funded holes in tenement E39/2134 targeting komatiite body.
  • Focus on expanding and infilling the current Mineral Resource Estimate.
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.