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WA1 Resources Ltd (ASX:WA1)

ALERT: Price-sensitive ASX Announcement for WA1
Current share price for WA1 : $10.450 -2.12 (-16.87%)+
Announcement
Release
22 Jun 2026 8:15AM
Price at Release
$12.570
Full Release
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Summary
WA1 Resources Ltd is continuing to develop the Luni Niobium Project in Western Australia with promising beneficiation testwork results. The company has demonstrated that a two-stage flotation regime can produce high-quality niobium concentrates. The testwork, particularly on Composite A, has shown significant recoveries and concentrate grades, which are promising for the potential early mining years. The company is working on further optimizing the beneficiation process for other composite samples and advancing the Pre-Feasibility Study, which is on track for completion by the fourth quarter of 2026.
Key Points
  • WA1 Resources Ltd is advancing the Luni Niobium Project through structured de-risking programs.
  • Beneficiation testwork demonstrates high-quality concentrates with high recoveries using a two-stage flotation regime.
  • Composite A achieved 46% Nb2O5 at 67% recovery, indicating strong potential for early years of mining.
  • Ongoing testwork focuses on optimizing other composites and refining processes.
  • The Luni Pre-Feasibility Study is expected to be completed in Q4 2026.
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.