Western Mines Group Reports Major Nickel Resource at Mulga Tank

Carol Forrest
Mulga

Western Mines Group Ltd (ASX: WMG) has announced the completion of its first Mineral Resource Estimate for the Mulga Tank Ni-Co-Cu-PGE Project in Western Australia, marking a significant milestone in its exploration efforts.

Key Highlights:

  • A substantial Mineral Resource Estimate has been defined, totalling 1,968 million tonnes grading 0.27% Nickel, 131ppm Cobalt, 82ppm Copper, and 17ppb Platinum plus Palladium (Pt+Pd).

  • Contained metals within this resource include 5.3 million tonnes of Nickel, 257,000 tonnes of Cobalt, 161,000 tonnes of Copper, and 1.1 million ounces of Platinum and Palladium.

  • Indicated Resource of 565 million tonnes at 0.28% Nickel, with additional Inferred Resource of 1,403 million tonnes at 0.27% Nickel.

  • Independent consultants ERM Australia have validated the modelling and estimation methods.

  • The Mulga Tank project is considered to be the largest nickel sulphide deposit in Australia and among the top 10 globally.

Managing Director Dr Caedmon Marriott stated, "This resource represents a landmark achievement and confirms the global significance of the Mulga Tank Complex. Our immediate focus will shift to targeting higher-grade zones within this large-scale deposit."

Western Mines plans further exploration and resource definition drilling to expand and enhance the resource classification.

Further details can be found at www.westernmines.com.au.