InvestSMART

WA1 Resources Ltd (ASX:WA1)

ALERT: Price-sensitive ASX Announcement for WA1
Current share price for WA1 : $11.170 -7.59 (-40.46%)+
Announcement
Release
9 Jan 2026 8:19AM
Price at Release
$18.760
Full Release
download
Summary
WA1 Resources Ltd has released assay results from the Luni Niobium Project in Western Australia, indicating high-grade niobium intersections. The report highlights infill drilling in the southern area of Luni, which revealed significant niobium mineralisation, enhancing the confidence in the mineral resource estimate (MRE). Diamond drilling was conducted on a 50m by 50m grid to define resource geometry, while air core (AC) drilling extended mineralisation 400m beyond the current MRE envelope. The results from 2025's drilling campaign, which covered 35,000m, will inform an updated MRE in 2026. Future work includes further drilling, data interpretation, and mining studies as part of ongoing project development to support permitting and approvals. The company is committed to leveraging these results to advance its project studies and improve resource definition.
Key Points
  • High-grade niobium intersections reported in the southern area of Luni.
  • Drilling campaign in 2025 completed 35,000m, aimed at refining the MRE.
  • Infill drilling conducted on a 50m by 50m grid for resource definition.
  • AC drilling extended mineralisation 400m beyond the current MRE envelope.
  • Future work to include further drilling, resource assessment, and mining studies.
  • Ongoing project development includes site layout planning and infrastructure construction.
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.