WMG next major Ni-PGM discovery ? $$ 40mill cap to Billion+
been buying since the 60c range days ago more yesterday 71c ... maybe more today 80's
from todays ann.
Multiple intersections of high-tenor remobilised massive nickel sulphide blebs and veining were observed (confirmed by spot pXRF readings up to 12.2% Ni) in the top 250m, in some of the shallowest and frequent examples of this phenomenon seen so far. This interesting observation, in a new previously undrilled area, supports the potential for multiple massive sulphide sources or deposits within the Complex (Perseverance-style basal massive sulphide) and not just limited to the Western Margin where previously encountered.Following the Company’s recent capital raise a further eight holes have been planned to expand the original Phase 2 drilling program. These holes will begin to systematically test for both the extent of shallow disseminated sulphide mineralisation in undrilled areas of the Complex and also follow up on remobilised nickel sulphide veining seen along the Western Margin of the Complex. Additional drill holes will continue to be added to the program with ongoing targeting work and as results are received.
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look at the size of the area WMG are exploring Vs Mt keith
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AS we can see the hits of mineralization are across the large area .. so really early days far to early for CAPEX number we first need to see what WMG have come across...
I think the MT Survey will greatly help here... focus further drilling on the best targets...
some really deep drilling at present sounds like the latest drill going be near 1500m!!
I guess the big teaser is all the locations of "remobilised sulphide" with those high grades of Nickel
• Sulphide material migrates along faults and fractures – from where?
Then of course WMG have been finding large intersections of lower grade Ni upward 300m etc ..very Mt Kieth
Also I like the fact WMG has some great mgmt ..like
Dr Benjamin Grguric
Technical Director
Ben has extensive experience in mineral exploration and scientific research, with direct involvement in a number of gold and nickel discoveries over the last 30 years. Ben is considered a leading expert on WA nickel sulphide exploration with over 50 peer-reviewed scientific papers. Ben spent his early career with WMC Resources/BHP, in particular at the Mt Keith Nickel Operation, managing brownfield and greenfield nickel sulphide exploration in Western Australia. As Geoscience Manager – Australia for Norilsk Nickel, Ben was responsible for exploration strategy across their portfolio of WA nickel assets and directly involved in the discovery of the West Jordan Type 2 nickel sulphide deposit. Ben holds a PhD in Earth Sciences and is a fellow of the Australian Institute of Geoscientists (FAIG) and the Society of Economic Geologists (FSEG).